Markets

by | August 20, 2018 | 05:50

A vehicle with the Lexus logo is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. Plaintiffs Benjamin and Kristi Reavis were driving a 2002 Lexus ES 300. Toyota said it would consider its options going forward. In a statement, Toyota said it sympathised with the Reavises and respects the jury's decision but believes the injuries resulted from factors specific to the collision, not defects.

by | August 20, 2018 | 04:16

The potential easing of trade tensions has been well received by markets after tariff disputes between the US and Turkey added to geopolitical stresses in recent days, said Philip Petursson, chief investment strategist at Manulife Investments.

by | August 20, 2018 | 03:11

According to some reports from the TechCrunch , Netflix has started testing video promos and ads that play in between an episode of the show which a user is streaming on the platform. At this point however, there hasn't been any word from Netflix on any kind of ad rollout. The promos are full-screen videos, personalized to the user, and displace the title, description and thumbnail preview for the next episode being watched.

by | August 20, 2018 | 03:30

Officials from each country have insisted there's nothing unusual about the one-on-one discussions on the three-country deal because it's allowing the USA and Mexico sort tough bilateral issues, such as their differences on autos. Trade Representative Robert Lighthizer on Friday. NAFTA is a three-way agreement that includes Canada and without the U.S.'s northern neighbor's agreement, NAFTA could end up sidelined - permanently.

by | August 20, 2018 | 02:24

Overland Park police said the animal, a red tail boa constrictor, was found in the 10200 block of Broadmoor Street. The Overland Police Department was called to the home on Friday to remove the snake. Police said they believe the snake is someone's escaped pet. According to the department, the snake is 6 to 7 years old. It took three officers to wrangle the reptile, which was taken to an animal rescue center.

by | August 20, 2018 | 01:57

High-profile attendees seen entering the dinner included Treasurer Scott Morrison, Leader of the House Christopher Pyne and Deputy Prime Minister Michael McCormack . Mr Turnbull faces his most critical week since coming to office and will return to Parliament today to be greeted by conservative backbenchers approaching revolt, an Opposition cheering on his leadership rivals and a Senate hostile to his signature economic policy, company tax reform.

by | August 19, 2018 | 09:07

U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. The Council of Institutional Investors (CII) believes that public companies should continue to report quarterly. The SEC has been reluctant to make changes in quarterly reporting, which has always been a cornerstone of United States capital markets.

by | August 19, 2018 | 03:30

The prestigious journal, Science , published the world's first detailed road map of the wheat genome this week, paving the way for faster precision breeding of improved varieties of what is a key global food crop . "The sequence of the bread wheat genome has already had a positive effect on wheat improvement, which not only affects the science behind wheat breeding, but has a long-lasting positive outcome in regard to wheat producer productivity, profitability and, ultimately, ...

by | August 19, 2018 | 03:48

However, this figure could rise as more creditors send in claims to EY. According to the BBC , warehouse operator XPO Logistics is owed GBP30m (US$38.2m) and stopped processing orders last week because of the dispute. There is now no engagement, and no plans for any engagement, with no stock moving in or out of the warehouses, the source said. "I paid for delivery and the money was taken out of my account".

by | August 19, 2018 | 03:21

In the interview, Musk, alternating between laughter and tears, told the New York Times the struggle over the a year ago to get production of the Model 3 going at full speed was "excruciating". As Tesla struggled to meet production goals for its Model 3 earlier this year, Musk ended up sleeping at the factory . For now, it looks like Musk is staying in his job, despite speculation earlier this year that he'd be ousted (and, apparently, his own desire to leave): "If you have anyone ...

by | August 18, 2018 | 07:27

On Thursday, prosecutors said as many as 20 people could still be missing in the bridge collapse, but cautioned that some people initially reported as unaccounted for might be on vacation and hadn't yet contacted their families. Autostrade has said it monitored the bridge on a quarterly basis as required by law and that it had carried out additional checks by hiring external experts.

by | August 18, 2018 | 07:05

Google employees are also sounding the alarm. In April, thousands of staff criticised its work on a USA military programme developing artificial intelligence for drones. Yet most of us only learned about project Dragonfly through news reports [in] early August. To do what the engineers are asking in the letter, Google has to agree.

by | August 18, 2018 | 04:31

The TSX rose just shy of 100 points for the day. USA stocks extended gains on Friday and risk sentiment improved following a Wall Street Journal report on potential progress in easing trade tensions between the United States and China.

by | August 18, 2018 | 02:46

But a tweet Musk fired off last week has reportedly made him and the directors the targets of securities regulators, and may force the board to act. Musk's "tweets seem cryptic at best, and it is hard to see how he has complied with his duty to not be misleadingly incomplete". "They can have the reins right now", Musk tells the Times .

by | August 18, 2018 | 02:55

Turkey is calling for the U.S.to extradite a Pennsylvania-based Muslim cleric accused engineering a 2016 coup attempt. "He is not a spy", Trump added. After Turkey shot down a Russian warplane it said had strayed into Turkish airspace, Erdogan staged a show of defiance against Putin's threats. It follows a surge over the last week and a half that saw the dollar climb to over 7 lira at its worst.

by | August 17, 2018 | 08:14

In the valley below the shattered structure, cranes moved away chunks of debris on Thursday as rescue teams searched for survivors under the rubble of a bridge completed in 1967 and overhauled just two years ago. Earlier, Interior Minister Matteo Salvini said 200 firefighters responded to the accident. And in December 2016, Genoan newspaper Il Secolo XIX claimed maintenance of bridges in the area had been lacking funds because authorities "preferred to allocate more funds to new works".

by | August 17, 2018 | 06:34

NIO and other Chinese electric-car makers are raising money to develop new products and fund an expansion as the world's biggest automobile market signals a shift to battery-powered vehicles in a bid to cut pollution and reduce dependence on imported oil.

by | August 17, 2018 | 03:54

The Turkish tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said, in an apparent parallel response to Trump's move. Washington warned more economic pressures may be in store for Turkey if it refuses to release Brunson, a White House official said on August 15. The lira had already rebounded about 8 percent on Tuesday on news of a planned conference call on Thursday in which the finance minister will seek to reassure worldwide investors.

by | August 17, 2018 | 03:46

On Tuesday, Erdogan called for a boycott of USA electronics products, and his spokesperson described American policy as goading Turkey into an "economic war". "They don't hesitate to use the economy as a weapon", the president noted, suggesting that Turkey may soon boycott American electronics, including the iPhone.

by | August 17, 2018 | 03:58

Tariffs were also boosted for cosmetics, rice and coal. In addition to its decision to ramp up tariffs on imports of Turkish steel and aluminium, the Trump administration imposed sanctions on two top officials in Erdogan's cabinet earlier this month as part of its efforts to pressure Ankara into freeing Brunson.

by | August 17, 2018 | 03:26

As cranes moved in to shift truck-sized chunks of broken concrete, hundreds of firefighters searched for survivors, while public shock and grief turned to anger over the state of the 1.2 km-long bridge, completed in 1967 and overhauled two years ago.

by | August 17, 2018 | 02:10

China on Tuesday launched the World Trade Organization (WTO) dispute settlement procedure over US safeguard measures on imported photovoltaic products and subsidies for its renewable energy products, the Ministry of Commerce said. The spokesperson also said that USA subsidies for its own domestic PV manufacturing were giving its industry an "unfair competitive advantage and damaged the legitimate rights and interests of China's renewable energy companies".

by | August 16, 2018 | 10:40

Its previous low was in October 2017 at 3.58 percent. Hawksworth added: "With jobs growth also slowing in the latest figures, real household income growth will remain subdued and we expect that this will continue to hold back consumer spending growth to modest levels over the next 12-18 months".

by | August 16, 2018 | 09:24

The United States doubled tariffs on Turkish steel and aluminum last week, which contributed to a tumble in the Turkish lira TRYTOM=D3 . In return, Erdogan signed a decree to also raise tariffs on some US imports including cars, alcohol and tobacco, an official report said Wednesday.

by | August 16, 2018 | 05:04

The deal cements the link between the global alcoholic-beverage giant, with all of its marketing and deal-making expertise, and the marijuana sector, where recreational use is winning legitimacy in Canada and elsewhere. "I don't think it's appreciated yet how quickly things are opening up in Europe, Latin America and even, likely, the US", he said. "We're focused on medicinal because that's, at first, the biggest platform".

by | August 16, 2018 | 03:45

Moody's Investors Service said a downgrade of Turkey's sovereign credit rating will hinge on the policies it takes to reduce risk of a balance of payments crisis amid an escalating standoff with the United States. "Every product that we buy in foreign currency from outside, we will produce them here and sell overseas", Erdogan said in a speech, according to The New York Times .

by | August 16, 2018 | 03:09

Turkish Vice President Fuat Oktay said that the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the United States administration". Russian Foreign Minister Sergei Lavrov pays a two-day visit to Ankara just after the Turkey-U.S. ties hit historical deterioration. Erdogan spoke to Russian President Vladimir Putin on Friday, a conversation that included talk of deeper economic ties and mutually beneficial trade, according to ...

by | August 15, 2018 | 09:08

Tensions between the two North Atlantic Treaty Organisation allies have intensified amid a dispute over the detention of Andrew Brunson, whom Turkey accuses of aiding a failed coup. Since January, the Turkish lira has lost more than 34 percent of its value against the dollar, pushing up the price of everyday items. Erdogan has called on Turks to exchange their dollars for lira in order to shore up the domestic currency .

by | August 15, 2018 | 07:34

Fedeli said private retailers will have to follow a series of rules including prohibiting the sale of marijuana to anyone under the age of 19. Anyone caught violating the rules will face "severely escalating fines", he said. Ontario-based Newstrike Brands Ltd., parent company of licensed cannabis producer Up Cannabis Inc., likewise welcomed the move. Municipalities will also have a one-time window where they can opt out of allowing private marijuana stores in their municipalities.

by | August 15, 2018 | 07:40

It had opened marginally higher at 69.85 against the greenback on Tuesday morning. The rupee has been among the worst performing currencies against the dollar compared with its peers so far this year. " Turkish lira plunged another 7 per cent today and that caused a chaos in the emerging market space, with South African rand depreciating by nearly 10 per cent.

by | August 15, 2018 | 08:26

Democratic gubernatorial candidate Christine Hallquist speaks to supporters Tuesday evening. Republican voters are deciding between Leah Vukmir and Kevin Nicholson to challenge Democratic U.S. "I chose to transition in a very public way because I felt I owed it to those at Vermont Electric Cooperative who put their trust in me". Originally meant to be a documentary about the Vermont electric company dealing with climate change, it also became a personal story as Hallquist came out as ...

by | August 15, 2018 | 05:33

Front-month Brent crude oil futures were at $72.87 per barrel at 0111 GMT, up 26 cents, or 0.4 percent, from their last close. Oil prices dipped on Monday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although United States sanctions against Iran still pointed towards tighter supply.

by | August 15, 2018 | 05:54

The US doubled tariffs last week over Turkey's refusal to extradite a US pastor who is imprisoned there . What's happening to Turkey's currency? The tariff increases come amid Trump's concerns over an American pastor, Andrew Brunson, imprisoned in Turkey since 2016.

by | August 15, 2018 | 03:49

Shares of Nvidia were up 1.6% in pre-market trade Tuesday. Nvidia is calling Turing "the greatest leap in computer graphics in over a decade", noting that it is focusing on realistic ray-tracing (incredible lighting effects) for its "RTX" range of cards.

by | August 15, 2018 | 03:05

The top USA diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". Arrested in 2016, Brunson faces terror and espionage charges. In essence, investors have lost faith in the current economic policies of the Turkish government, anxious that a continued weakening of the economy will cause Turkish borrowers to struggle to repay their foreign debts.