Markets

by | July 03, 2018 | 09:58

DeHaan originally expected prices in MI to jump to the $3.09 to $3.19 range last week, but we still haven't experienced that large of spike just yet. "Undoubtedly, the second half of the summer will be pricier than the first, thanks to OPEC's production increase falling short of expectations, sanctions to be placed back on Iran by November and falling USA oil inventories", DeHaan said.

by | July 02, 2018 | 06:32

The Miami Herald reported a steward saw the crew member. A Coast Guard search for the crew member began about 10 minutes later, eventually covering 1,630 square miles, to no avail. The ship departed Miami yesterday afternoon with today being the first sea day of the voyage. According to cruise expert Dr. Ross Klein , 313 people have gone overboard since 2000.

by | July 02, 2018 | 04:29

A week ago OPEC and its allies including Russian Federation agreed to boost supplies, easing curbs in place since the start of 2017. "In this case, Saudi Arabia's output [with two million bpd spare capacity] needs to increase by at least 400,000 bpd in the second half of 2018 to offset the supply shortfall and lead to a marginal increase in global inventory levels".

by | July 02, 2018 | 04:30

In September 2017, the two companies had signed a preliminary deal to merge their European steel operations. ThyssenKrupp Tata Steel BV will have 48,000 employees across 34 sites. "This is a significant milestone for Tata Steel and we remain fully committed to the long-term interest of the joint venture". Only after closing, thyssenkrupp Steel Europe and Tata Steel in Europe will be integrated as one company.

by | July 01, 2018 | 04:50

The battery can be completely recharged in as little as 2.3 hours via a 240-volt outlet. A Chevrolet spokesperson was not immediately available for comment. From 2019, the Volt gains a revised Energy App on its infotainment system, created to provide more data about how different driving styles can improve/damage your fuel efficiency.

by | July 01, 2018 | 05:36

Trump tweeted earlier Saturday that he has received assurances from King Salman that his kingdom would increase oil production, "maybe up to 2,000,000 barrels", in response to turmoil in Iran and Venezuela . Iranian OPEC governor Hossein Kazempour Ardebili told Bloomberg that Trump's request amounts to "calling on [Saudi Arabia] to walk out from OPEC".

by | July 01, 2018 | 02:58

In theory, all members of the Organization of the Petroleum Countries are equal, and the group has always taken decisions by consensus ("Statute of the Organization of the Petroleum Exporting Countries", 1961 and 2012). By companies, Hanwha Total imported the most in the first quarter of the year. Saudi Arabia and its allies accounted for most of the voluntary production cuts implemented during 2017/18 and now hold most of the spare capacity that could be made available to the market in ...

by | June 30, 2018 | 21:54

The 16-foot tall statue of Geoffrey the Giraffe that greeted visitors at Toys R Us headquarters in Wayne, New Jersey will be moved to a children's hospital in the state. The image captures the end of an era and sadness many people feel watching their favorite toy store close forever. Geoffrey has acted as the chain's logo and "spokesanimal" for the past 70 years.

by | June 30, 2018 | 20:47

The leak was first discovered by Vinny Troia , a security researcher and founder of Night Lion Security. The leaked data includes details such as names, home and e-mail addresses, phone numbers, details such as the gender of a person's children, smoking habits, religion, and more, adding up to 400 variables of very personal information.

by | June 30, 2018 | 20:50

Iran is studying ways to keep exporting oil and other measures to counter USA economic sanctions, state news agency IRNA reported on Saturday. Fundamentally, worldwide Brent crude oil remains firm because looming sanctions by the White House against Iran are expected to lead to a sharp drop in supplies from the OPEC-member.

by | June 30, 2018 | 21:52

If oil price remains stable on the smaller-than-expected output boost as well as a declining US crude inventory, oil exploration and production stocks are sure to benefit as these companies will tend to pump more oil ahead. By the end of next year, the buffer of spare capacity could diminish to the lowest in three years, the agency predicts. "Obviously we've got a market that is stressed from a standpoint of supply", Perry said, and the agreement "may be a little short" of what is needed.

by | June 30, 2018 | 20:13

Amazon is looking for entrepreneurs to buy in on the local level and run a fleet of up to 40 delivery vehicles. Today's step expands and formalizes the existing concept, according to Mark S. Gross vehicle weight is the sum of cargo, cab and trailer. Each entrepreneur will oversee 40 to 100 employees who will use 20 to 40 Amazon-branded vans to deliver packages year-round, using Amazon's own logistics systems to facilitate the process.

by | June 30, 2018 | 00:50

In a filing with the U.S. Department of Commerce, the company said import tariffs "could lead to a smaller GM" with a reduced footprint at home and overseas, if the tariffs aren't "tailored" to advance economic and national security objectives.

by | June 27, 2018 | 01:09

Trump responded to that Tuesday morning with a blistering statement threatening the company with a tax if it failed to do as he wanted. "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand", Trump continued.

by | June 26, 2018 | 10:43

The move marks another escalation of President Donald Trump's trade conflict with China, which threatens to roil financial markets and dent global growth. In a concrete effect of the tit-for-tat trade blows, United States motorbike maker Harley-Davidson said late Monday it planned to shift some manufacturing overseas to avoid retaliatory European tariffs imposed last week.

by | June 26, 2018 | 09:22

Harley's departure is particularly embarrassing for Trump since the president has repeatedly praised the company . To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for European Union destinations from the U.S.to its global facilities to avoid the tariff burden.

by | June 26, 2018 | 09:03

We can not continue our businesses like this. "Their demands are delivered through the chamber to the government, and these are being pursued by us", he said. The plunge of the rial against the dollar has angered Iranians who see prices of imported goods rising. The BBC's Kasra Naji says those protests led ultimately to a change in government and to Iran agreeing to substantive talks on a nuclear deal with world powers.

by | June 26, 2018 | 09:08

The measure came in response to new U.S. duties of 25 percent on steel and 10 percent on aluminum imposed by the Trump administration . "The Chinese get a pass and we pay a price", said Skarich. The company said in a statement , "Harley-Davidson maintains a strong commitment to US-based manufacturing which is valued by riders globally". While Trump has repeatedly claimed that the US can win trade wars, victims are starting to pile up at home and overseas.

by | June 25, 2018 | 11:39

R Pikes Peak is the sporty forerunner of Volkswagen's fully-electric I.D. family". R Pikes Peak racer beat the previous all-time record by 16 seconds, set by Sébastien Loeb in the Peugeot T16 Pikes Peak . The electricity required was provided by generators at the foot of Pikes Peak . For it to come off, everything had to come together perfectly - from the technology to the driver.

by | June 25, 2018 | 11:36

But the Opposition raised doubts about the accuracy and reliability of the figures released by the state-run Anadolu news agency, the sole distributor of the official vote tally. Opposition parties and NGOs said they were deploying half a million monitors at ballot boxes to prevent fraud. Erdogan said there had been no serious voting violations.

by | June 25, 2018 | 12:08

Shoppers were generally supposed to pay the sales tax to the state themselves, but most didn't, says Gerald Storch, who was CEO of department store operator Hudson's Bay and now runs a retail consulting firm. Sellers who use eBay and Etsy , which provide platforms for smaller sellers, also aren't required to collect sales tax nationwide. Another question for states to consider will be whether to push to collect tax on previous transactions.

by | June 25, 2018 | 10:57

It was the first fatal crash involving a self-driving vehicle. Law enforcement said that if she was actually paying attention, the incident would have been "entirely avoidable". A previously released video of the crash showed Vasquez looking down just before the crash . The report found that Vasquez "was distracted and looking down" for close to seven of the almost 22 minutes prior to the collision.

by | June 24, 2018 | 14:04

Organisers of the march said Brexit was "no a done deal" and called on people with concerns about leaving the European Union "to make their voices heard". "They don't want some bog roll Brexit - soft, yielding and seemingly infinitely long" he said, using a British slang term for toilet paper. Liberal Democrat leader Sir Vince Cable said Brexit was "not a done deal" and could be reversed, while Green Party co-leader Caroline Lucas told the crowd that Brexit "will be a disaster for this ...

by | June 24, 2018 | 11:12

The EU targeted $3.2 billion in USA goods exported to the 28-member bloc. German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20 percent tariff on all European vehicle imports into the U.S. He pledged to impose tariffs on imports from countries he said had exploited the US. Leaders from the UK, Germany, and France slammed Trump's decision to hit the European Union with steel and aluminum tariffs, and the bloc responded with tariffs of its own.

by | June 24, 2018 | 11:07

When the items arrive they have seven days to decide what to keep and pay only for those. British telecommunications giant BT has become the first United Kingdom pay-TV provider to offer the Amazon Prime Video streaming service via its set-top box after agreeing a carriage deal with the U.S.

by | June 23, 2018 | 15:24

The firm, which employs 14,000 people at 25 sites across the country, said it would "reconsider its investments in the United Kingdom, and its long-term footprint in the country" if Britain crashed out of the single market and customs union without a transition agreement.

by | June 23, 2018 | 15:39

OPEC said in a statement that it would raise supply by returning to 100 percent compliance with previously agreed output cuts, but gave no concrete figures. By avoiding setting individual country targets, the deal appears to give Saudi Arabia the leeway to produce more than its official OPEC target and fill the gap left by those like Venezuela who can not pump enough to meet their official allocation.

by | June 23, 2018 | 14:22

American farmers could be evicted from a lucrative market for their goods. "I hope the USA side pays attention to this point", he told a daily news briefing. But Beijing has chosen its targets strategically. USA stock markets fell sharply Tuesday, with investors increasingly nervous about the impact of the escalating fight.

by | June 23, 2018 | 14:45

Mark Mobius, who has gained a reputation for being optimistic more often than not on emerging markets prospects, said earlier this month he isn't completely bullish on Saudi Arabia because the range of offerings is limited and a number of restrictions are still in place.

by | June 23, 2018 | 13:03

Now that it's passed through both houses of Parliament, Trudeau has to decide the date when legalization is official. The federal government is reminding Canadians that up until october 17 , pot remains illegal in this country until the Cannabis Act goes into effect.

by | June 22, 2018 | 04:20

Supreme Court decision expanding the ability of states to pull in tax dollars from online purchases could have a significant impact in Florida . Ultimately, the justices deemed the current law outdated. "This was the right case and the right time for the Court to act, and we couldn't be more pleased with the outcome". "These issues are not before the Court in the instant case; but their potential to arise in some later case can not justify retaining this artificial, anachronistic rule ...

by | June 22, 2018 | 02:43

US President Donald Trump has threatened to impose tariffs on an additional $200 billion worth of Chinese goods in a escalating trade row with Beijing, which on Tuesday accused Washington of "blackmail" and warned it would "strike back hard".

by | June 22, 2018 | 01:02

Zanganeh has said the USA president is to blame for high prices because of his decision to reimpose sanctions on Iran. It isn't oil producers calling the shots during today's favorable market for energy producers; rather a tacit agreement between the biggest producer and the biggest consumer of oil appears to be holding sway.

by | June 21, 2018 | 04:24

The European Commission today formally adopted the implementing regulation that will slam 25 percent tariffs on a list of American products worth €2.8 billion. Trump's threats to raise tariffs on imported cars could put $54 billion in annual revenue from European passenger auto exports to the U.S.at risk, according to data from the European statistics office.

by | June 20, 2018 | 09:50

Seehofer said he'd be glad to see a European agreement, but "we want this national solution unless a European solution comes together". Seehofer's Christian Social Union party had raised the prospect of the minister taking such action in defiance of the chancellor, which has escalated the issue into a threat to her government.