Markets

by | July 10, 2018 | 00:17

Beijing insists it's the injured party. China lodged a case with the World Trade Organisation against the United States, its commerce ministry said on Friday. "While we monitor the ramifications these actions have on our global trading relationships and our members, our global staff is also fully ramped up to be seeking new markets for United States grains and their related products ".

by | July 10, 2018 | 00:38

The plan would ensure "no hard border" between Northern Ireland and Ireland and would create a United Kingdom "parliamentary lock" on new rules. In return for unfettered access to its biggest export market, the United Kingdom would commit to following European Union rules and regulations on goods.

by | July 09, 2018 | 22:53

Mrs May will bring together her Cabinet at her country residence to thrash out details of a white paper setting out the UK's plans for areas such as trade. The comments will be seen as a rebuke to Foreign Secretary Boris Johnson, who reportedly said "f*** business" when asked about Brexit fears. However, the signs that the government is starting from scratch - almost one year after customs plans were first published and just four days before the Chequers showdown - "are certain to add to ...

by | July 09, 2018 | 21:25

That double whammy is prompting Asian refiners to move swiftly, with South Korea leading the way. Zanganeh added that neither Iranian oil production nor its exports had changed as a result of United States pressure. US President Donald Trump said that another $16 billion worth of import duties are set to take effect after a couple of weeks. " We will switch to either Middle East or West African supplies ", he said.

by | July 08, 2018 | 04:32

Tan Lekwijit posted to Facebook on Sunday that he and his friend Sam went to Starbucks for drinks on June 27 when his friend stuttered while ordering. "Getting this kind of treatment from service employees is unacceptable, whether it is intentional. I sort of got a generic email, and I didn't feel like I was heard", he said.

by | July 08, 2018 | 01:05

The Governor of the Bank of England Mark Carney arrives to deliver the Financial Stability Report at the Bank of England in the City of London, Britain, June 27, 2018. He warned a trade war could prove the catalyst for a wider economic slowdown. Carney said if things were to deteriorate further, as much as 1% could be knocked off global economic output, with 2.5% taken off United States output.

by | July 08, 2018 | 02:28

It will also use "face on the move technology " in the arrivals hall as part of the trial to capture a passenger's image and update their biometric token on return to Australia . The first stage of a pilot to test "couch to gate" biometrics at Sydney Airport has gone live. "We've worked with Qantas from the outset and are delighted to be partnering with them as we trial this technology".

by | July 07, 2018 | 11:10

Its headquarters are located in Boise, Idaho. UMC also requested the court to order potential defendants to stop manufacturing, processing, importing, and selling the allegedly infringing products. China is the largest market for semiconductors, yet isn't home to even one of the top 10 producers of the crucial electronic components. Analysts believe the ban is largely symbolic as hurting the US chipmaker would end up creating more pain for local Chinese firms who would have to rely on ...

by | July 07, 2018 | 11:40

In addition to reducing the price of its August barrels, Saudi Arabia also told the Organization of the Petroleum Exporting Countries ( OPEC ) that it increased production by nearly 500,000 barrels per day last month. Oil output cuts by Opec and allies, including Russian Federation, since January 2017 have reduced a glut of crude. Iran will stop oil exports from the Strait of Hormuz, the world's most important oil chokepoint, if the USA succeeds in halting crude sales from the Persian Gulf ...

by | July 07, 2018 | 08:37

Ok?" Trump's attempts to re-balance global trade have already sent the metals world into a tizzy, and the disarray is set to increase. "The first round's impact is not that big, but the key is whether there will be more - a second round of revenge and retaliation and a third round, " said Shi Yinhong, a professor of global relations at Renmin University in Beijing.

by | July 07, 2018 | 09:39

The unemployment rate rose as an additional 601,000 Americans entered the labor force, meaning a strengthening labor market appears to have actually coaxed some workers back into the labor force. But for now the sector, which accounts for about 12 per cent of the USA economy, appears in good health. It was 14.5 per cent in May, but 15.5 per cent in June.

by | July 06, 2018 | 20:13

The new leadership comes less than a week after ZTE's board of directors resigned and shareholders voted to install a new eight-person board . ZTE declined to comment on the matter. The new authorization from the Commerce Department will be in effect from July 2 to August 1, according to a document obtained by Bloomberg . About one-third of the components ZTE uses are US-made, and the company is on the verge of shutting down, after paying fines but declining to remove its head officials.

by | July 06, 2018 | 19:36

U.S. employers added a higher-than-expected 213,000 jobs last month, extending the U.S. economy's long-running growth streak. In its report Friday, the government revised up its estimate of job growth in May and April by a combined 37,000.

by | July 06, 2018 | 20:25

China's Commerce Ministry said it would be "forced to make a necessary counterattack ". Analysts at Bank of America Merrill Lynch forecast only a modest escalation in the US-China battle, adding: "However, we can't rule out a full-blown, recession-inducing " trade war ".

by | July 06, 2018 | 19:38

Milt Spalding with Nelson County Emergency Management and Dispatch told WAVE the call reporting the collapse came it at 2:20 p.m., and Bardstown firefighters arrived at the scene at 2:25 p.m. The warehouse was constructed in the 1940s, and Sazerac indicates it will likely be several weeks before the cause of the collapse is determined. Warehouse 30 at the Barton 1792 Distillery, located in Bardstown, was undergoing a wall fix when one side of it first gave out on June 22, dumping the ...

by | July 06, 2018 | 20:25

The man pulled Richard's hat off with enough force that he took some of the boy's hair with it, he told News 4's Joe Galli . " I just think a conversation about politics is more productive for the entire whole rather than taking my hat and yelling subjective words to me".

by | July 06, 2018 | 20:30

It has also issued a Proposed Infringement Decision against the transaction. The CCCS also found that both had agreed to split any anti-trust financial penalty. Grab asserts that it had "proactively engaged with the CCCS" before the transaction was signed. Grab conducted the merger legally and complied fully with Singapore's competition laws, the spokesperson said.

by | July 06, 2018 | 19:23

Yesterday the target was an area known as chamber three - still at least two kilometres from the ledge where the boys are sheltering. James Yenbamroong, founder and chief executive of Thai satellite communications business Mu Space Corp, said that SpaceX , Mr Musk's aerospace and transportation business, had "reached out to us today to help connect to Thai govt".

by | July 06, 2018 | 18:44

The move has seen an outpouring of nostalgia for the firm and its annual 100-page toy catalog, but it seems Amazon is trying to lure in some former customers-despite its problems, Toys R Us generated $6.5 billion in USA sales previous year.

by | July 06, 2018 | 19:35

His company has confirmed that Wang Jian, 57, " accidentally fell " in Provence, while on a business trip to France, a company statement said. "Wang Jian's death will definitely bring short-term shocks to HNA's business development", Liu Feng, the director of the Hainan Normal University Free Trade Port Research Center, told Bloomberg .

by | July 05, 2018 | 19:48

CTV New's Chopper 9 helicopter shows RCMP officers on the catwalk to remove the protestors. It's not clear at this time how police will get the protesters off the bridge. "This resistance movement, if anything, is stronger than ever because of this recent decision". Trans Mountain says work will begin this month at the Westridge Marine Terminal near Burnaby Mountain on a tunnel portal.

by | July 05, 2018 | 20:51

In oil markets, prices rose on supply disruption in Canada, falling USA crude stocks, uncertainty over Libyan exports and US demands that importers stop buying Iranian crude from November. Gains were capped by investors' persistent concerns about the volatility in U.S. US Futures are also pointing lower, with the Nasdaq set to lose 1% at the opening bell.

by | July 05, 2018 | 19:56

In a tweet on Saturday, Trump said Saudi Arabia had agreed to increase oil output by up to 2 million barrels, an assertion that the White House rowed back on in a subsequent statement. But according to Smith, U.S. oil prices have still risen to the mid-$70 mark thanks to record oil exports out of Texas, record refinery usage, and an outage of Canadian oil exports.

by | July 05, 2018 | 20:40

Perhaps most unsettling to businesses and investors, Washington and Beijing have engaged in tit-for-tat tariffs and threatened retaliation that has raised the prospect of a trade war between the world's two largest economies. SC is among the hardest hit states, according to the analysis , though Washington stands to lose the most, with $6.2 billion of state exports threatened; $3.7 billion of that is soybean exports to China.

by | July 05, 2018 | 19:16

Trump, who is mindful of what impact rising gas prices at station pumps will have on American voters heading into the crunch November midterms, responded on Twitter: "Hope OPEC will increase output substantially". sanctions. Outside North America, looming U.S. sanctions against major oil exporter Iran were the focus of attention. The growing United States pressure on the world to totally stop buying Iranian oil has produced a warning from top Iranian officials that the world economy, and ...

by | July 05, 2018 | 19:00

With Netflix Premium now costing US$16.99 (or A$17.99) per month, the new "Ultra" tier is tipped to charge around US$16.99. However, if you view the different tiers on a mobile device, you'll notice that there's a difference in the screen availability.

by | July 05, 2018 | 19:56

Mr Gao said the United States tariffs were not so much targetting China as they were the entire global supply chain, as numerous products on the list published by the USA government are made by U.S. "The central bank will encourage users importing goods from China to use the yuan and not the dollar", officials said. "China has already made preparations", Lu told a daily news briefing.

by | July 04, 2018 | 11:59

He added the department's National Telecommunications and Information Administration recommended the Federal Communications Commission turn down China Mobile's application to offer voice traffic between the USA and other countries. On the mainland, China Mobile provides a range of mobile voice, data and fixed-line broadband services, as well as so-called internet of things smart connected devices operations.

by | July 04, 2018 | 10:16

Both industries are at the centre of the current trade dispute with the United States. Canada imposed tariffs on about $12.5 billion worth of US goods, meant to be proportional to steel and aluminum tariffs imposed by the United States in June.

by | July 04, 2018 | 09:55

But Trump's argument here - that 2017 Harley sales figures somehow reflect consumers' displeasure with a decision the company just announced - defies the very notion that time is linear. Harley-Davidson said on June 25 that tariffs implemented by the European Union would increase the average cost per motorcycle by about $2,200 and the company was planning to move some production overseas as a result.

by | July 04, 2018 | 08:14

The Saudi leader said he was ready to raise output if needed, the White House said in a statement. Iran says it will find ways to export its oil, despite what he does. The agreement from Saudi Arabia is surprising as in recent months they have agreed with Russian Federation and other OPEC+ members to keep production relatively low.

by | July 04, 2018 | 08:59

FART Act. Trump reportedly was briefed on the working draft in May. The United States has imposed tariffs on European steel and aluminium imports and is conducting another national security study that could lead to tariffs on imports of cars and auto parts.

by | July 04, 2018 | 07:40

More than 181,000 people registered to vote from overseas, three times as many in the last election under a new policy allowing sign-ups at local consulates rather than in Mexico. To some degree the election has become a referendum on Mexico's political elite and its economic direction, as well as the tenure of the current president, Enrique Peña Nieto, who is limited to a single six-year term.

by | July 04, 2018 | 06:45

And while Trump supporters are in an uproar over the Impeach 45 apparel, they must have forgotten that Walmart is a business and also sells a plethora of "Make America Great Again" hats, tee-shirts and cups to drink their haterade from. But the accusations miss a crucial fact about how Walmart runs its website, or more specifically, its third-party marketplace, where the items appeared.

by | July 03, 2018 | 10:10

CEO Elon Musk sent an e-mail to company employees Sunday praising them for producing 5,000 Model 3s, a compact vehicle that's created to shift Tesla from a niche manufacturer to a mainstream automaker. Another worker speaking after the 5,000th auto was made described the factory as a "mass celebration". Tesla reaffirmed its guide for positive GAAP net income and cash flow in Q3 and Q4, which is in line with our estimates, but we believe much more optimistic than many investors ...