Business


Asian stocks mixed as trade tensions weigh on U.S. tech sector Asian stocks mixed as trade tensions weigh on U.S. tech sector
- June 28, 2018

An escalating trade dispute between the United States and other leading economies battered US stocks on Monday, handing the S&P 500 and Nasdaq their steepest losses in more than two months. goods - are set to take effect in less than two weeks. The Dow Jones industrials slid 352 points or 1.5 percent to 24,225. He's also pressuring China to buy more USA -made goods. (more...)
China Trade War: Trump Holds Fire On China Investment, Export Rules China Trade War: Trump Holds Fire On China Investment, Export Rules
- June 28, 2018

China should take "self-defence measures" against US tariffs by offering subsidies to companies and industries that may suffer losses from trade friction, the Chinese state-run tabloid Global Times said on Wednesday. China will not run the risk that a future U.S. government might shut off energy exports. Trump on Tuesday pushed back on recent reports that the US was preparing the investment restrictions. (more...)
Elon Musk Gives Out Details Of The Tesla Pickup Truck On Twitter Elon Musk Gives Out Details Of The Tesla Pickup Truck On Twitter
- June 27, 2018

In a Q&A session posted on his official Twitter account aka the unofficial Tesla press page, Musk asked the public what they would like to have in a Tesla-made pick-up truck. So you're probably thinking that Ad Astra's curriculum isn't like ours, either. Ethics are also explored through hypothetical scenarios: For example, deciding who's to blame for a factory which has polluted a nearby lake. (more...)
Trump says Harley move overseas would be 'beginning of the end' Trump says Harley move overseas would be 'beginning of the end'
- June 27, 2018

Harley-Davidson expects ramping-up production in worldwide plants will require incremental investment and could take at least 9 to 18 months to be fully complete. The president accused Harley of using tariffs and the trade war as an excuse. Walker said "he believes there should be no tariffs or trade barriers as the President stated earlier this month at the G7 summit", according to a spokeswoman. (more...)
Harley-Davidson To Shift Production Overseas To Offset EU Tariffs Harley-Davidson To Shift Production Overseas To Offset EU Tariffs
- June 27, 2018

Harley-Davidson said it did not plan on raising retail or wholesale prices to cover the added costs. It follows a proposed plan by Harley-Davidson to move some of its production overseas . In India too, Harley-Davidson is the leading premium motorcycle brand in sales volumes, selling more than 3,000 motorcycles every year. "It's very hard to send cars in", he said. (more...)
Trump crackdown on China investment in U.S., chooses lighter option
- June 27, 2018

They said they have been working with Congress to pass a bill that will provide "enhancements" to the foreign investment reviews under the Committee on Foreign Investment in the United States . On that date, the U.S.is to impose 25% tariffs on $34 billion worth of Chinese high-tech-related imports, with tariffs on another $16 billion in goods due shortly thereafter. (more...)
Chinese Officials: Military Relations With US Are Important Chinese Officials: Military Relations With US Are Important
- June 27, 2018

People familiar with Mnuchin's thinking said that after he lost an internal battle on how to handle the trade dispute with Beijing , he's signaled his disagreement with the president's approach through silence. firms from shipping certain technologies to China - would be officially announced by June 30, which is this Saturday. "On the contrary, Chinese are deeply concerned about Washington's containment plans against Beijing ", it said. (more...)
US Crude Oil Price Strength Shows No Sign of Ebbing US Crude Oil Price Strength Shows No Sign of Ebbing
- June 27, 2018

At 07:51 a.m. EDT on Monday, the USA benchmark WTI Crude was up 0.25 percent at $68.75, while Brent Crude was down 1.57 percent at $74.14. " Seven hundred thousand barrels a day is what they are going to, and we need about a million ", he said. (more...)
CBO Warns U.S. Interest Costs to Match Social Security by 2048 CBO Warns U.S. Interest Costs to Match Social Security by 2048
- June 27, 2018

USA sovereign debt is expected to reach 78 percent of GDP this year, its highest level since World War II, approaching 100 percent in a decade before reaching 152 percent by 2028. According to Congressional Budget Office estimates, in less than two decades the federal deficit will the biggest in history. Compared to last year's report, CBO's projections of debt growth are higher through 2041 and lower thereafter. (more...)
Trump Threatens To Hit Harley-Davidson With Taxes If It Moves Overseas
- June 27, 2018

Trump himself once said, "Harley-Davidson is a true American icon, one of the greats". "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". Trump ridiculed the company for building motorcycles overseas. "When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high". (more...)
Conagra buying Pinnacle Foods in $10.9 billion deal Conagra buying Pinnacle Foods in $10.9 billion deal
- June 27, 2018

The deal between the two packaged food giants come at a time when the industry has been facing stagnating growth as shoppers move away from processed foods to healthier options. Pinnacle's stock fell almost 4 percent in premarket trading, while Conagra's shares declined 7.1 percent. Talks, however, restarted in April after activist hedge fund Jana Partners LLC bought a 9.1 percent stake in the New Jersey-based Pinnacle and urged the company to look for a sale. (more...)
CBA to demerge and list wealth management CBA to demerge and list wealth management
- June 27, 2018

Comyn has to deal with the legacy of CBA's recent controversies, including the recent $700 million settlement with AUSTRAC and the $1 billion capital surcharge and costly investments in people, processes and systems to respond to both the AUSTRAC affair and the findings of the Australian Prudential Regulation Authority's inquiry into the bank's governance, culture and accountability. (more...)
Facebook Relaxes Rules on Cryptocurrency Ads, Upholds Ban on ICOs Facebook Relaxes Rules on Cryptocurrency Ads, Upholds Ban on ICOs
- June 27, 2018

Those applying to qualify are required to attach "any licenses they have obtained", and explain "whether they are traded on a public stock exchange, and other relevant public background on their business", according to the newly updated policy . (more...)
Opec output hike positive for India, says Pradhan Opec output hike positive for India, says Pradhan
- June 27, 2018

An outage at Syncrude Canada's oil-sands facility may lead to a 360,000 barrel-a-day shortage for all of July, which could spur a further draw down in inventories at the US hub, Goldman said . A recent pick up in outages from Libya to Nigeria and Canada, as well as growing risks that output in Iran - which is being targeted by the USA with sanctions - falls more than expected may challenge OPEC spare capacity, the bank said. (more...)
Quick Take: China to Cut Reserve Requirement Ratio for Some Lenders Quick Take: China to Cut Reserve Requirement Ratio for Some Lenders
- June 27, 2018

The rate cut would release CNY 500 billion in liquidity for the 5 large state banks and 12 national joint-stock commercial banks. Another 200bn yuan (US$30.7bn) will be freed from smaller lenders including postal savings banks, commercial banks and foreign banks to lower financing cost of small businesses. (more...)
USA will crack down on all countries trying to steal its technology USA will crack down on all countries trying to steal its technology
- June 27, 2018

France supports frank and honest discussion which serves to find solutions and push forward cooperation, he said. Liu said that China and the European Union want to avoid such practices "impacting the global economy", Efe news reported . (more...)
Trump vs. Harley-Davidson: What's really going on? Trump vs. Harley-Davidson: What's really going on?
- June 27, 2018

Mr Trump said the iconic maker of motorcycles had waved the "White Flag" after he had fought hard for the company. "They'll be, actually, for over there, they're going to try to go around the tariff tax that way", Capra said. Harley-Davidson now has overseas manufacturing plants in Australia, Brazil and India . Harley's departure is particularly embarrassing for Trump since the president has repeatedly praised the company . (more...)
President threatens Harley-Davidson with tax punishment for move President threatens Harley-Davidson with tax punishment for move
- June 27, 2018

The president, in a series of Twitter posts that reflected his anger over the decision, also suggested the iconic American brand was using trade tensions over tariffs as an excuse to move production. It did not respond directly to Trump. Trump recently imposed steep tariffs on aluminum and steel imported from Canada, Mexico and Europe in his bid to level the trade playing field and reduce trade deficits between the USA and its trade partners. (more...)
Turkey's Erdogan Takes on New Powers Turkey's Erdogan Takes on New Powers
- June 27, 2018

Still, Erdogan's main challenger, Muharrem Ince, and his secular-left People's Republican Party, or CHP, urged observers to stay at the country's ballot boxes to ensure votes were counted fairly. Among other things, Erdogan now has the power to rule by decree, appoint Cabinet members, write Turkey's budget and appoint judges - all without parliamentary approval. (more...)
Home prices continued to rise in April Home prices continued to rise in April
- June 27, 2018

The least expensive third of homes, which cost $337,000 or less, saw prices climb 9.5 percent year-over-year. The home price indices for San Francisco and NY fell 0.3 percent month-over-month, and the one for Washington, D.C., fell 0.1 percent on a seasonally adjusted basis. (more...)
Iran says it can handle fresh sanctions amid unrest reports Iran says it can handle fresh sanctions amid unrest reports
- June 27, 2018

In a televised speech, Rouhani blamed the US for Iran's woes and said the U.S.is trying to damage the country by creating "an economic war". "The U.S. Monday's protests were different. Some sanctions by the United States will be imposed as early as August, which may hurt Iran's earnings from oil exports. (more...)
Harley-Davidson to shift some bike production outside US Harley-Davidson to shift some bike production outside US
- June 27, 2018

The president has held up the motorcycle maker as an example of a USA business harmed by trade barriers in other countries. "The Aura will be gone and they will be taxed like never before!" Just minutes before. Trump added that the administration is finishing a study on imposing tariffs on cars from the EU. On Monday, Mr Trump said the iconic maker of motorcycles had waved the "White Flag" after he had fought hard for the company. (more...)
US demands world to halt Iranian oil imports by November 4
- June 27, 2018

Asked if Washington is pressuring its allies to slash Iranian oil imports to zero level by November, the official said, "Yes". The official said a USA delegation was headed to the Middle East next week to urge Gulf producers to ensure global oil supplies as Iran is cut out of the market starting on November 4 when US sanctions are reimposed. (more...)
Trump’s scolding tweets: Harley-Davidson will lose its ‘aura’ Trump’s scolding tweets: Harley-Davidson will lose its ‘aura’
- June 27, 2018

The president has held up the iconic American motorcycle maker as an example of a USA business harmed by trade barriers in other countries, but Harley-Davidson had warned that tariffs could negatively impact its sales. "Does Harley even understand what 'Made in America means?'" Martinez said. Harley-Davidson had long planned to open a new plant in Thailand, a decision that pre-dated the escalating trade war between Trump and leaders of a number of other countries. (more...)
Tesla Semi Mad Max autopilot mode is real, says Elon Musk Tesla Semi Mad Max autopilot mode is real, says Elon Musk
- June 27, 2018

Musk initially shared the photoshopped image with the caption 'Tesla Semi Truck in Mad Max Mode'. It's unclear if Mad Max mode will actually make it past development on the vehicle, however. What I'd like to know, though, is how the "Augmented Vision" tab works. Autopilot now adjusts lane positioning and speed by analyzing surrounding traffic and other factors. (more...)

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