Markets

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.

by | July 13, 2018 | 11:30

The clock was ticking on Fox to make a higher bid for Sky, because Comcast faces a deadline of Friday to formally deliver its offer to shareholders of the London-based company, under United Kingdom takeover rules. Murdoch's Fox said the performance of Sky since December 2016, including its renewal of the right to show English Premier League matches at a lower price than expected, justified its higher offer.

by | July 07, 2018 | 04:29

Nonetheless, the potential trade war between the United States and China comes amid a tight oil market. India is also facing US pressure, and despite an official stance that it will continue buying Iranian crude, some large buyers are already winding down imports on fears their access to American bank financing will be closed if they violate the sanctions.

by | July 07, 2018 | 04:03

In December, Micron introduced a lawsuit in United States District Court for the Northern District of California that accused UMC of stealing trade secrets and giving the technology to Jinhua. Micron said it had not received the injunction and could not comment. The products impacted by the ban are the ones that Micron sells through retail outlets and represents a small portion of the chipmaker's revenue, Morgan Stanley analysts said in a client note.

by | July 04, 2018 | 06:29

The White House later walked back the president's comments, saying the king had said his country could raise oil production if needed. In Asia, the world's top oil consuming region, seaborne oil imports have been falling since May, as higher costs turned off consumers and as the escalating trade dispute between the United States and China starts to impact the economy.

by | July 04, 2018 | 02:45

For the most part they seemed grateful to James for leading the team to their 2016 Championship win. He averaged 9.2 points, 5.2 rebounds and 2.9 assists a game for IN last season, his first campaign without missing a game. It appeared as if the New Orleans Pelicans' superstar DeMarcus Cousins was going to sign with the Lakers as well, until he signed a one-year deal with the Warriors.

by | July 01, 2018 | 10:31

The UK branches of the iconic toy store have already closed, after massive fire sales , and on Friday the final United States stores close their doors for good. The toy store chain, which opened in 1948 as Children's Bargain Town, per CNBC , filed for bankruptcy in September and announced in January that it would close 180 stores, according to the Deseret News .

by | June 30, 2018 | 21:48

In April, Trump also blasted OPEC on Twitter, accusing the group of "artificially" raising oil prices . Brent and WTI hit 3-1/2-year highs in May but have since drifted lower, indicating investors expect the market to soon become better supplied as US crude production rises and as OPEC and its allies look poised to increase output.

by | June 27, 2018 | 16:49

U.S. President Donald Trump in May pulled his country out of the landmark nuclear deal that provided Iran with relief from sanctions in return for curbs on its nuclear program. "India has increased oil purchases from Iran to almost pre-2012 levels after sanctions were lifted, and in May 2016 India agreed to transfer to Iran about United States dollars 6.5 billion that it owed for Iranian oil shipments but which was held up for payment due to sanctions", the report said.

by | June 26, 2018 | 23:56

If the policy is global but only really effects China, then what's the difference? The forthcoming restrictions would apply "to all countries that are trying to steal our technology ", he said. Large technology shares also had a bad day, with Amazon losing 3.1 per cent, Facebook and Google-parent Alphabet falling 2.7 per cent, and Netflix down 6.5 per cent.

by | June 25, 2018 | 10:12

The Quill decision has been the source of ongoing controversy, and the state of South Dakota set out to test it. The court's 5-to-4 decision could have an impact on millions of Americans nearly immediately. "As Amazon has continued to thrive despite losing the obvious pricing benefit it used to have from not collecting sales taxes in its proprietary business, it remains to be seen if this new ruling will have any real impact on its third-party sales, or if the convenience for shoppers ...

by | June 25, 2018 | 09:27

Including previous loans and financing Greece is drawing on, eurozone officials said the country will have a buffer of 24.1 billion euros that cover its financial needs for about 22 months after the end of the program. "This is a very tight programme". "We'll have to see if the pledges will be kept, especially as they depend on worldwide developments as well", he said.

by | June 25, 2018 | 09:25

Speaking early Monday, Supreme Election Council head Sadi Guven said 97.7 percent of votes had been counted and declared Erdogan the victor. Muharrem Ince, the main opposition's presidential candidate, stood at about 30 percent nationwide, television channels said.

by | June 23, 2018 | 17:45

The news of the hack saw market prices responding with a significant number of coins, including Bitcoin , Ethereum, and Ripple, falling in value. Yesterday, on June 20, more than $10 billion was erased from the cryptocurrency market after Bithumb, South Korea's biggest cryptocurrency exchange was hacked.

by | June 22, 2018 | 23:49

At a combined $450bn worth of goods tariffed , the U.S. will have placed tariffs on all but 10% of the $505bn worth of goods imported from China in 2017. Gary Cohn, Mr Trump's former top economic adviser, said last week that a " tariff battle" could result in price inflation and consumer debt - "historic ingredients for an economic slowdown".

by | June 22, 2018 | 20:54

The European Autos Stocks Index fell sharply after Trump's 20 per cent tariff tweet and was last down 1.25 per cent. Ford Motor Co shares went into the red and were down 0.5 per cent, while General Motors Co shares were off 0.3 per cent. Most of the units imported from Germany are premium cars, which tells a lot about the position of American vehicle industry in the premium market. Economists noted that the amount of money involved with India's levies dwarfed in comparison with that of China ...

by | June 18, 2018 | 19:15

Munich prosecutors told the state-owned broadcaster that they swooped on Stadler over fears he might try to suppress evidence in the ongoing Dieselgate investigation. As of 2015, Audi has admitted to having utilized illegal cheat devices which manipulate their car's emissions with Stadler at the helm since 2007. The Munich public prosecutor's office said last week it was investigating 20 suspects, and that it had searched the apartment of Stadler and one other current board member.

by | June 17, 2018 | 23:12

The FBI leadership waited almost a month after receiving initial information about the laptop to reopen the investigation and notifying Congress about it, the IG report shows. Trump's lawyers will argue that the report's criticism of Comey makes it clear the President fired him for the right reasons - and the decision was not part of an effort to obstruct justice.

by | June 15, 2018 | 15:49

The average renter in Hawai'i earns $16.16 per hour, or $19.98 less than the "housing wage". Using the federal minimum wage of $7.25 an hour and national and statewide data on rental prices, researchers found that the average worker would have to put in 122 hours per week to afford a two-bedroom apartment at the national fair market rent, an estimate the government updates every year, usually based on the 40th percentile of the gross rent of a given area.