Markets

by | August 17, 2018 | 22:43

Earlier, US President Donald Trump prefaced Mnuchin's remarks by saying that Turkey had not been a very good friend to the US. In his most recent tweet on August 16 over the Turkish court's ruling, which kept evangelical pastor Andrew Brunson under arrest, Pence threatened Turkey not to test the patience of the USA president.

by | August 16, 2018 | 17:19

Oil rose as global markets steadied on Thursday, recouping some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check. "If you look at pure economic figures, the impact of the tariff disputes is still quite small, perhaps 0.5 percent of GDP growth". And the higher prices that have followed the OPEC-led deal have prompted growth in rival supply and a surge of USA shale.

by | August 15, 2018 | 21:43

This tariff hikes came after Turkish President Recep Tayyip Erdoğan's announcement on 14 August of a boycott on U.S. electronics goods, with Erdoğan advising explicitly against the purchase of iPhones , encouraging citizens to instead use Samsung and Turkish-made Vestel phones.

by | August 13, 2018 | 19:11

While explaining the logic of taking Tesla private, Musk had stated in a blog post: "As the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company".

by | August 11, 2018 | 23:12

Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for not releasing pastor Andrew Brunson . Professor Petras said that "it's very clear that the United States is very hostile to Turkey's opening relations with Russia, Iran and expressing some independence on Syria".

by | August 10, 2018 | 17:22

This is the second tranche of tariffs following the July 6 levy on approximately $34 billion worth of Chinese goods, the USTR said. "The impact of tariffs on exports is yet to be reflected". The new tariffs will be applied to a list of 279 products, including motorcycles, speedometers and antennas, in the second round of tariffs applied by the United States on Chinese goods, despite persistent warnings by American businesses that the tariffs will affect U.S.

by | August 08, 2018 | 23:47

If Musk didn't actually have financing secured when he said he did. oh boy. In the last week, Tesla's board has met "several times" to discuss Musk's proposal and "is taking the appropriate next steps to evaluate this". He said that would allow Tesla to "operate at its best, free from as much distraction and short-term thinking as possible". The company already has a $2 billion investment from Saudi Arabia's sovereign fund as well as Tencent, which took a 5 percent stake in 2017.

by | August 08, 2018 | 20:56

The move is the latest escalation of President Donald Trump's trade war with China . The step brought the total worth of Chinese goods facing a 25 percent tariff to $50 billion. The US decision to levy 25 percent tariffs on the same value of Chinese goods is "very unreasonable", and China will have to retaliate to protect its rightful interests and the multilateral trading system, China's ministry of commerce said in a statement .

by | August 07, 2018 | 23:14

Facebook has asked large USA banks to share financial information about their customers as it seeks to offer new services to users, according to The Wall Street Journal . The company says that it is not gathering financial information about users, but seeking to offer banking updates in Facebook Messenger. But a company representative said several unnamed banks and credit-card companies have voiced interest in teaming up with the social network, even proposing their own potential deals.

by | August 07, 2018 | 22:12

He said he may take the company private at $420 a share and already has secured funding. It's unclear from where Musk has secured funding. Shortly after, Mr Musk responded to replies to his tweet , asking if he would remain in control of the company.

by | August 02, 2018 | 21:44

August 2018: Apple surpasses $1 trillion in stock market value. The company also boosted its revenue from services, including Apple Music and the app store. Apple is now up more than 20% this year. Amazon had the second-largest United States market cap as of Wednesday, at roughly $872.5 billion. On Thursday, Apple stock touched the all-time high value of $ 207.05 per share.

by | July 28, 2018 | 19:51

Facebook founder Mark Zuckerberg could lose his position as chairman of the firm. Chief financial officer David Wehner triggered the selloff when he said sales growth would continue to slow through the rest of the year. Before the results were announced, Facebook's shares had closed in NY at $217.50, a record high, and had gained 23% this year. Shares fell as much as 19.6 percent to $174.78, a decline that if sustained would wipe about $124 billion off the company's value - or ...

by | July 26, 2018 | 20:57

In a joint Rose Garden appearance with EU President Jean-Claude Juncker, Donald Trump announced significant trade concessions that would boost USA exports in several sectors. Mr. Juncker said the European Union and USA would strengthen cooperation on energy and look to import more soybeans, as well as other steps. They also agreed to resolve the dispute over steel and aluminum tariffs.

by | July 26, 2018 | 19:29

And in a pre-dawn tweet, he said, "Tariffs are the greatest! What we need is certainty when it comes to our trade relationships". The U.S. Department of Agriculture announced $12 billion in aid this week to help farmers hurt by retaliation to the Trump administration's tariffs on foreign goods.

by | July 25, 2018 | 23:51

Department of Agriculture said. Pennsylvania farmers greeted the Trump Administration's announcement Tuesday of $12 billion in emergency aid to agriculture with mixed emotions. "We can not exclude either possibility, but China would not want to see the latter", he said . "This smacks of policy incoherence to me", he added.

by | July 21, 2018 | 20:39

Trump considers the EU's 10 percent tariff on cars to be unfair compared to the USA 2.5 percent tariff, although the United States maintains a 25 percent tariff on pickup trucks. officials in May and June. Critics have said the escalating trade war could harm US workers and businesses. "At the moment the trade negotiations are kind of stalled", he said, noting he thinks the "president is doing exactly the right thing".

by | July 21, 2018 | 17:25

The recent trade skirmishes between the US and China escalated recently with the Trump administration levying tariffs on an additional $200 billion worth of imports from China. trade disputes with China, in particular due to the lack of "exit ramps", although the European Union might play along until the midterm elections to the U.S.

by | July 19, 2018 | 16:41

Average weekly earnings rose by 2.5 percent on the year in the three months to May, slowing from the previous three month period when they grew by 2.6 percent and the weakest since the three months to November, the Office for National Statistics said on Tuesday.

by | July 18, 2018 | 15:44

Their mutiny came 24 hours after Mrs May caved in to hardline Tory Eurosceptics to back an amendment which critics says effectively kills off her compromise Brexit Chequers plan. In extraordinary scenes, the trade minister George Hollingbery engaged in open negotiations with the customs union rebels from the dispatch box, offering them a Lords amendment for a "customs arrangement" backstop if they backed down.

by | July 16, 2018 | 13:40

ZTE, which relies on USA components for its smart phones and networking gear, ceased major operations after the ban was ordered in April. The Commerce Department reached a deal with ZTE last month, agreeing to lift its ban after the company paid a $1 billion fine and put $400 million in an escrow account.