Markets

by | August 29, 2018 | 01:32

Donald Trump has said that he could go ahead without Ottawa in the new agreement . Larry Kudlow, the director of the president's National Economic Council, and Commerce Secretary Wilbur Ross, said in separate interviews today that concessions from Canada on dairy are essential to getting a deal by Friday.

by | August 28, 2018 | 19:54

Mexican President Enrique Pena Nieto said he spoke to Canadian Prime Minister Justin Trudeau and emphasized to him "the importance of his reinstatement in the process in order to conclude a trilateral negotiation". Noticeably absent from the agreement was Canada, one of America's top trading partners. "A lot of people are viewing this as a negative but I don't see that at all", he told AFP.

by | August 28, 2018 | 13:39

Trump tweeted on Saturday morning that the United States' "relationship with Mexico is getting closer by the hour. Ohio-based trade lawyer Dan Ujczo said the bilateral U.S. Yet certain US demands that affect all three NAFTA nations remain unresolved and could still be deal breakers. He believes the White House will want to lock down a deal soon to ensure it's completed before the incoming Mexican government takes office on December 1.

by | August 26, 2018 | 23:12

The U.S. dollar stanched a six-day losing streak on Thursday as a new round of punitive U.S. It has also notched up braod gains over the Russian Rouble and Brazilian Real as well as a host of Asian currencies. The Federal Reserve chairman has defended the central bank's approach of gradually raising interest rates, after direct criticism from Donald Trump .

by | August 26, 2018 | 23:02

The Santa Clara County Fire Department says Verizon slowed its internet communications at a wildfire command centre three weeks ago, crippling the emergency communications truck's data speeds and forcing firefighters to use other agencies' internet connections and their personal cellphones.

by | August 26, 2018 | 20:51

In US oil markets, a decline in commercial crude inventories provided WTI with stronger support than Brent. "With countries including China and India unwilling to completely cut Iranian oil imports, and with the European Union also refusing to endorse the withdrawal from Iran nuclear deal, the USA finds itself in a compromising position to negotiate with Iran's customers to reduce oil imports", the statement added.

by | August 24, 2018 | 12:33

Recently, the Pixel 3 XL was spotted by a user on public transit, giving a glimpse of the device before its release. If Google plans to stick to its usual launch schedule, we still have around six weeks before Pixel 3 and Pixel 3 XL go official.

by | August 24, 2018 | 10:58

It may not be over, either, the company implied in its statement announcing the closures . Sears Holding announced this week it is closing another 46 locations as it continues to evaluate the future of the company. According to Fast Company , large malls have seen an expanding vacancy rate by 8.3% in the first quarter of 2018, which is at its "highest since the fourth quarter of 2012".

by | August 24, 2018 | 08:47

The Kremlin rejected the Microsoft allegations. Special counsel Robert Mueller's office has subsequently returned criminal charges against more than Internet Research Agency and several of its supposed employees during the course of the Justice Department's investigation into alleged Russian interference during the 2016 USA presidential race, as well as several Russian military officials accused of hacking Democratic targets leading up to Election Day.

by | August 24, 2018 | 07:44

US President Donald Trump has threatened to put duties on almost all of the $US500 billion worth of Chinese goods exported to the US each year. Thousands of American and Chinese products became 25 percent more expensive overnight, but talks are underway Thursday to try to avert more economic damage from President Donald Trump's multifront trade confrontations.

by | August 20, 2018 | 21:16

Moving away from reporting earnings every three months would be a much more dramatic change that would nearly certainly trigger resistance from shareholders who want transparency from the companies they invest in. Quarterly financial reports are a staple of US corporate practice. President Trump called on financial regulators Friday to consider allowing public companies to share information with investors less often, a potentially major shake-up of how corporate America operates.

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.