Money

by | August 11, 2018 | 15:00

By around 9:15 p.m., Alaska Airlines posted a message on Twitter saying the situation involved a Horizon Air Q400 plane and no passengers were believed to be on the plane at the time. "Ah damn it, I don't know, man". "We heard the jet because our windows were down while we were waiting in the ferry line to go to Anderson Island which is adjacent to Ketron Island".

by | August 11, 2018 | 13:57

The United States is the biggest destination for Turkish steel exports with 11% of the Turkish export volume. The lira TRYTOM=D3 has always been falling on worries about Erdogan's influence over monetary policy and worsening relations with the United States.

by | August 10, 2018 | 07:03

The US is poised to impose sanctions on Russia in retaliation for a March nerve agent attack on a former Russian double agent and his daughter. The State Department's announcement fuelled already worsening investor sentiment about the possible impact of more sanctions on Russian assets and the rouble at one point slid by over one per cent against the dollar, hitting a two-year low, before recouping some of its losses.

by | August 10, 2018 | 06:33

The Trump administration announced today that it will go ahead with imposing 25 percent tariffs on an additional $16 billion in Chinese imports. It's the latest salvo in their tit-for-tat trade battle. But given the lack of talks and Trump's unclear goals, the trade war doesn't appear to be close to a resolution. A huge headwind on the country's economic growth is the Trump administration's trade policy, said Boudreaux, warning that if it continues "as it's happening now, not only ...

by | August 10, 2018 | 03:43

Brent crude, the global oil benchmark, traded at less than $72 a barrel last night as the sell-off was compounded by data from the US Energy Information Administration showing stockpiles had fallen less than expected. Iranian crude oil loadings to China and India increased significantly in July compared to the previous month despite US threats, a Platts survey showed.

by | August 08, 2018 | 08:29

Bullish on the performance and increased production of " Model 3 " cars, Tesla CEO Elon Musk is now planning to introduce a mini-car. At $420 per share, it would cost about $71 billion to take Tesla private. "Being public means that there are large numbers of people who have the incentive to attack the company", he wrote . The 11 percent jump in Tesla's stock price following Musk's public musings on possibly buying the company from existing shareholders drove $2.3 billion of ...

by | August 05, 2018 | 20:08

The U.S. economy has added jobs for 94 consecutive months, a record streak that shows no signs of waning, despite President Donald Trump's escalating trade war. Nonbank mortgage lenders and brokers employed 345,400 people during the month, according to the Bureau of Labor Statistics. Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a Reuters survey of economists and the lowest gain since March.

by | August 05, 2018 | 18:29

Iranian Minister of Roads and Urban Development Abbas Akhoundi said the Islamic Republic needs to increase its cooperation with China , Russia, the EU, India, Turkey and its regional neighbors in order to be able to counter the looming United States sanctions.

by | August 04, 2018 | 18:28

United States tariffs on another US$16 billion (€13.7 billion) of Chinese imports are to take effect on Wednesday, following levies on US$34 billion that took effect earlier this month against which China responded with tit-for-tat charges on USA agricultural goods.

by | August 04, 2018 | 15:31

Asked about communication between the two countries on the dispute, Geng said China had "always upheld using dialogue and consultations to handle trade frictions", but that dialogue must be based on mutual respect and equality. The move came after China retaliated against tariffs Trump had initially imposed on $34 billion in Chinese imports to the U.S. The 25% tariffs would apply to the same products proposed in July.

by | August 03, 2018 | 11:56

At midday on Thursday the Bank of England is expected to raise interest rates for only the second time in a decade. On the first day of the three-day meeting of RBI's Monetary Policy Committee , State Bank of India had raised its long-term deposit rates, albeit marginally.

by | August 03, 2018 | 08:00

PetroChina , which is also listed on the New York Stock Exchange, is now worth about $205 billion. "Steve's vision was grounded in the synergy between hardware products, software services, and third-party apps and media to make sure any customer would have everything they need without ever leaving the Apple ecosystem", said Tony Fadell, who worked closely with Jobs to create the iPod digital music player.

by | August 02, 2018 | 13:23

The electric auto company said it lost more than $717 million in the second quarter. That put it on track to retake the title of most valuable USA automaker from General Motors Co (GM.N). Free cash flow was negative $US739 million ($998 million) for the three months ended in June, Musk wrote in a letter to shareholders on Wednesday.

by | August 02, 2018 | 10:57

The Turkish Anadolu Agency tweeted Turkish Foreign Minister Cavusoglu's statement in which he said: "US attempt to impose sanctions on our two ministers will not go unanswered". US Secretary of State Mike Pompeo said he would meet with his Turkish counterpart Mevlut Cavusoglu to discuss Brunson and the sanctions next week.

by | August 01, 2018 | 08:59

Apple moved 41.3 million iPhones in its third quarter, which was less than the 41.79 million Wall Street was expecting - but blew past the predicted $693.59 average selling price for a smartphone. Many Americans have at least one piece of Apple tech in their household, and the same can be said for residents of European and Asian countries. Revenue rose 17 per cent to Dollars 53.27 billion, also exceeding Street forecasts for USD 52.37 billion.

by | July 31, 2018 | 17:06

The 342-member National Assembly has 60 women reserved seats and 10 for minorities. The party, however, was short of 22 seats for a simple majority. The $57 China-Pakistan Economic Corridor, a series of port and rail improvements associated with China's One Belt One Road infrastructure push, has led to massive imports of Chinese equipment and materials, swelling Pakistan's current account deficit.

by | July 30, 2018 | 07:11

Malmstrom said the next potential round of European Union tariffs would not target specific U.S. states. He said officials from both sides would immediately focus on steel and aluminum tariffs first "so that there can be no tariffs in either direction", and he expected that issue to be resolved "very quickly".

by | July 28, 2018 | 20:44

President Donald Trump this week. The joint statement said Brussels and Washington would "work to reduce barriers and increase trade" in a range of products including soybeans, and that the European Union "wants to import more liquefied natural gas (LNG) from the United States".

by | July 28, 2018 | 20:19

Twitter said in a blog post in early July that weeding out accounts would not hurt metrics because the accounts would mostly be inactive. The quarter marked the first time overseas revenue contributed the majority of Twitter's ad sales. Social media researchers for years had complained about the prevalence of bots - automated accounts managed by people seeking to shape online discourse - on Twitter, accusing the company of playing down the problem and not doing enough to curtail their ...

by | July 28, 2018 | 19:36

Facebook had already warned investors ahead of the market opening that they should expect a significant decline in growth rate, with users in Europe falling from 282 million to 279 million. "We run the company for the long term, not just for this quarter", he said. Microsoft dropped $80 billion in 2000 as well. More likely, though, market buzzards are holding off because of how quickly some analysts are turning on the company.

by | July 26, 2018 | 10:43

For Facebook , financial stumbles are rare. Facebook also reported that its user base in Europe had shrunk because of a new privacy law there, marking one of the few times in the social network's history that it has reported a user decline in any region.

by | July 24, 2018 | 18:54

Still, industry analysts said it is unusual for automakers to request refunds for two previous years, as Tesla has demanded. In a memo sent to several suppliers requesting money back, Tesla said the cash back would be necessary for Tesla's "continued operation" and that it was an investment in "long-term growth ".

by | July 23, 2018 | 14:40

Former Philip Morris chairman Louis Camilleri is set to take over as Ferrari CEO in the coming days pending shareholder approval. Marchionne is 66 and was recovering from a shoulder injury. The outgoing boss implemented a surprising level of transparency for FCA when he delivered the "five year plan" in 2013, and the timing of his replacement is fitting with the 2018 - 2022 Business Plan presented just last month.

by | July 23, 2018 | 12:38

Business Insider points to a report from Chinese publication Global Times claiming that Chinese textile manufacturers that produce Trump gear are having greater trouble getting their goods into the United States thanks to the current trade war between the US and China.

by | July 23, 2018 | 10:53

Sanitary pads were taxed at 12 percent under the GST , which was launched a year ago. In March 2017, MP Sushmita Dev had petitioned then finance minister Arun Jaitley, Minister for Health and Family Welfare JP Nadda and Minister For Women and Child Development Maneka Gandhi to have sanitary napkins exempted from tax as they were not luxury products.

by | July 21, 2018 | 11:12

So somebody would so 'oh, maybe you shouldn't say that as a president.' I couldn't care less what they say, because my views haven't changed. Beijing can't tax as many USA goods - the United States exports far less to China than it imports - but it has other tools.

by | July 21, 2018 | 07:55

Global crude oil benchmark Brent was down 40c at $72.50 a barrel by 7.40am GMT. Oil prices plunged after OPEC member Libya reopened its ports in the east and US Secretary of State Mike Pompeo said Washington would consider granting waivers to some of Iran's crude buyers.

by | July 19, 2018 | 05:45

The fine accounts for around 40% of Google's 2017 net profit of $12.62 billion. EU competition chief Margrethe Vestager will hold a news conference later today, the European Commission said . The EC decision concluded that Google has engaged in two instances of illegal tying: the the tying of the Google Search app, which ensured that its Google Search app is pre-installed on practically all Android devices sold in Europe, and the tying of the Google Chrome browser, which also ...

by | July 10, 2018 | 08:14

Authorities in Thailand have been in a race against heavy rains as they try to find a way to extract the group trapped for almost two weeks in the Tham Luang cave complex in northern Thailand, a saga that has transfixed a nation. That's why rescuers need to pump water out of the cave tunnels in Chiang Rai. The team went on a short hike but a monsoon trapped them with few options for getting out.

by | July 09, 2018 | 01:51

In June, the USA unemployment rate unexpectedly rose to 4% from 3.8% the month before, coming off an 18-year low. Average hourly earnings rose 0.2 percent from the prior month - less than forecast for the second-straight 0. Housing starts have climbed 11 percent so far this year. "Several Western states have seen significant civilian labor force growth between April 2017 and April 2018, and this is due to several startups moving out west along with a strong job market hiring at record ...

by | July 04, 2018 | 01:05

Australia, Singapore, Netherlands and Luxembourg will join the other countries hosting Prime Day this year, which includes the USA, U.K., Spain, Mexico, Japan, India, Italy, Germany, France, China, Canada , Belgium and Austria. On Sunday 15 July, Amazon will host a so-called unboxing at a secret location in London with a host of exclusive entertainment experiences for all the family.

by | July 04, 2018 | 00:15

When Johnson and James met, they reportedly discussed how to build the Lakers into a contender, with James understanding that at the moment, they are not close. Winners of 65 games in 2017-2018, the Lakers' and Warriors' personnel moves are bad news for the Rockets, who have dipped to +800 after opening the summer sitting second to Golden State with +525 odds.

by | July 01, 2018 | 10:28

Her photo of Geoffrey the Giraffe leaving got the most attention, receiving almost 300,000 shares on Facebook. In a dire retail landscape, more than 8,000 USA shops closed in 2017, roughly double the average annual store closures in the previous decade, according to data from the International Council of Shopping Centers.

by | June 28, 2018 | 06:58

Technically, Opec and its partners will strive to reach 100 percent compliance with production quotas adopted about 18 months ago, according to a communique published after the meeting last week. We believe that the investors have over-reacted to the move, which has resulted in a rise in oil prices. This would translate into 900,000 barrels per day (bpd) incremental production, which is significantly lower than the initial expectation of 1.5 million bpd.

by | June 26, 2018 | 15:33

Harley forecast the EU's retaliatory tariffs would cost the company $US90 million ($121 million) to $US100 million ($135 million) a year. Europe is Harley's second biggest market outside the USA and sold nearly 40-thousand motorcycles in the Europe past year.

by | June 24, 2018 | 23:38

This law affects IL shoppers that check out of shopping sites without paying sales tax, and the sites are now required to add them. "The old physical presence rule created these pockets where businesses were structuring and locating in states where they didn't have a lot of sales so they could sell online and sell across the border, not having to collect sales tax", North Dakota Tax Commissioner Ryan Rauschenberger said.

by | June 24, 2018 | 23:38

Soon after the South Dakota law passed, South Dakota took it to court with retailers Newegg, Wayfair and Overstock, alleging that the companies failed to comply with their state sales tax laws. Many small online sellers may use Amazon's platform as it will collect and remit sales tax for them. But it would affect the smaller business that exclusively have an online presence.

by | June 24, 2018 | 23:33

However, Crude oil prices should still remain north of the $60 mark going into the year-ahead, especially considering global storage levels have only come down toward five-year averages based on some of the highest inventory levels recorded in decades of trades.

by | June 22, 2018 | 17:44

Malmström added that if the USA removes its tariffs, the European taxes would also be lifted. The products affected by the move range from agricultural produce such as rice and orange juice to jeans, bourbon, motorbikes and various steel products.

by | June 22, 2018 | 16:00

USA sanctions will contribute to Iran and Venezuela potentially losing nearly 30 percent of their oil output next year, requiring extra supplies from the group's Gulf members, the International Energy Agency said last week. Two OPEC sources told Reuters that even Saudi Arabia's Gulf allies Kuwait and Oman were against big, immediate increases in output. Crude oil demand now outstrips supply, and Opec members will debate whether to lift the 18-month-old production cap to stabilize prices.