Markets

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.

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.