Markets

Markets United States to curb Chinese investment in tech firms
Author: 0 United States to curb Chinese investment in tech firms

But Treasury Secretary Steven Mnuchin said Monday on Twitter that the rules could be applied to " all countries that are trying to steal our technology ". "Both sides believe that we must resolutely oppose unilateralism and trade protectionism and prevent such behavior from causing volatility and recession in the global economy", Liu told a media briefing after the talks.

Markets Oil drops after OPEC's output deal
Author: 0 Oil drops after OPEC's output deal

Still, U.S. bank Goldman Sachs anticipates an oil market deficit. "The expectation that we'll see more crude out of OPEC and that supplies in the USA will be tight because of the Syncrude outage.is going to keep the market on edge", said Phil Flynn, analyst at Price Futures Group.

Markets Iranian Police Fire Tear Gas After Protesters Swarm Tehran Bazaar
Author: 0 Iranian Police Fire Tear Gas After Protesters Swarm Tehran Bazaar

After US president Donald Trump chose to withdraw from world powers' deal with Iran on its nuclear program, some US sanctions are to be reimposed in August and some in November. "Their (India and China) companies will be subject to the same sanctions that everybody else's are if they engage in those sectors of the economy that are sanctionable, where there were sanctions imposed prior to 2015".

Markets Trump's top economist defends trade policies, calls Harley-Davidson move an exception
Author: 0 Trump's top economist defends trade policies, calls Harley-Davidson move an exception

But Harley-Davidson said last week that European Union tariffs on motorcycles exported from the USA went from 6 to 31 percent, adding about $2,200 per average motorcycle exported from the us into European Union countries. Forthcoming layoffs from Harley Davidson are expect. It has three assembly plants outside the United States - one each in Brazil, India and Thailand.

Markets Erdogan won the Turkish election after an unequal battle, monitors say
Author: 0 Erdogan won the Turkish election after an unequal battle, monitors say

Speaking early Monday, Supreme Election Council head Sadi Guven said 97.7 percent of votes had been counted and declared Erdogan the victor, according to the Associated Press. Erdogan, the most popular but also divisive leader in modern Turkish history, moved the elections forward from November 2019, arguing the new powers would better enable him to tackle the nation's mounting economic problems - the lira has lost 20 percent against the dollar this year - and deal with Kurdish rebels ...

Markets Trump planning new curbs on Chinese investment in the US
Author: 0 Trump planning new curbs on Chinese investment in the US

Following reports from various media outlets on Monday that the USA will further crack down on China's technology Treasury Secretary Steven Mnuchin took to Twitter to clarify what the administration's moves will be. Lim suggested that Boeing , which is generally the largest USA exporter, could make a similar move to that of Harley. The Dow Jones Industrial Average closed at 24,252.80, down 328.09 points or 1.3 per cent.

Markets Harley will off-shore some production to avoid Trump tariffs’ effect
Author: 0 Harley will off-shore some production to avoid Trump tariffs’ effect

Citing the high costs of new European tariffs , Harley Davidson announced Monday it would move some of its United States motorcycle production overseas. But because of President Donald Trump's trade war with the European Union, tariffs recently grew from 6 percent to 31 percent, adding an additional $2,200 to each motorcycle exported from America.

Markets Turkey's Erdogan fetes poll triumph, opposition concedes defeat
Author: 0 Turkey's Erdogan fetes poll triumph, opposition concedes defeat

Palestinian Authority President Mahmoud Abbas said he wished Turkey " more success, progress, and stability", while Russian President Vladimir Putin "stressed that the results of the vote fully speak of Recep Tayyip Erdogan's great political authority (and) mass support of the course conducted under his leadership to solve Turkey's pressing social and economic tasks (and) strengthen the country's position on the global arena".

Author: 0 Harley-Davidson will outsource some production due to retaliatory tariffs

Harley will soon begin shifting production for its Europe-bound motorcycles to the continent itself, a process that may take over a year. The maker of the iconic American motorcycle said in a regulatory filing Monday that European Union tariffs on its motorcycles exported from the USA jumped between 6 percent and 31 percent, which translates into an additional, incremental cost of about $2,200 per average motorcycle exported from the U.S.to the EU.

Markets Thousands march demanding second Brexit vote
Author: 0 Thousands march demanding second Brexit vote

His comments were echoed by the global trade secretary, Liam Fox, who said the UK's negotiating position was being undermined by those urging the government to take "no deal" off the table. Using his trademark colorful language with a reference to toilet paper, he went on to warn against "some bog roll Brexit - soft, yielding and seemingly infinitely long".

Markets New agreement on Greek debt
Author: 0 New agreement on Greek debt

To make a deal possible, Greek politicians last week pushed through a last batch of economic reforms required by the creditors, including pension cuts to health care and tax reforms. This latest agreement was reached after a series of mainly bilateral meetings with key players such as France and Germany, but although the deal does breathe new life into Greece, at least until 2032, it also comes with continued strict fiscal targets and post-bailout scrutiny of its implementation.

Markets European Union leaders to hold mini-migration summit as crisis continues
Author: 0 European Union leaders to hold mini-migration summit as crisis continues

Though arrivals across the Mediterranean are only a fraction of what they were in 2015, when more than a million people reached Europe, a recent opinion poll showed migration was the top concern for the EU's 500 million citizens. The Bavarian conservatives - the CSU - are longtime allies of Merkel's conservatives - the CDU. Earlier on Friday, Merkel tossed a ball with students and passed out jerseys from Germany's national soccer team, now competing in the World Cup, during a visit to a ...

Markets Tesla Closing Down Solar Capacity
Author: 0 Tesla Closing Down Solar Capacity

Tripp responded to the company's lawsuit by claiming to be a whistleblower - saying he told Business Insider that Tesla used defective batteries and churned through expensive components to address a production shortfall. In the coming quarter, the maker of luxury electric cars aims to make good on Musk's relentless promise to be profitable . "You're a terrible human being", [Musk] wrote in an e-mail to Tripp , according to the Post .

Markets WTF, MoviePass is launching surge pricing
Author: 0 WTF, MoviePass is launching surge pricing

But unlike with MoviePass , you can see them in any format (so 3-D and IMAX movies are included). MoviePass subscribers are limited to same-day tickets, which they usually have to buy in theaters (though there are some limited online ticketing options).

Markets Greece creditors agree on deal
Author: 0 Greece creditors agree on deal

The yield on Greece's benchmark 10-year bond fell to 4.1 percent Friday, down about 0.2 percentage points. Green deputy Sven-Christian Kindler said, "Contrary to all the myths spread by people on the right, Germany has profited massively from the crisis in Greece", according to The Local.

Markets Trump escalates trade war talks, threatens 20 percent tariffs on imported cars
Author: 0 Trump escalates trade war talks, threatens 20 percent tariffs on imported cars

Auto tariffs are shaping up as the next battle in what officials here fear is developing into a full-blown trade war between the US and its closest allies. "How they'll take it, we'll have to wait and see". The White House refused to exempt its traditional allies from worldwide tariffs on steel and aluminium, which Trump argues are necessary to protect United States jobs and industry.

Markets Oil up nearly 3 percent as OPEC agrees to raise output
Author: 0 Oil up nearly 3 percent as OPEC agrees to raise output

The price of oil jumped after the announcement, with the global benchmark, Brent, gaining $1.61 to $74.66 a barrel. Based on compliance in May, only Saudi Arabia has any real scope to add barrels and this would be to the tune of just 60,000 barrels per day, far less than it has said the market requires.

Markets OPEC reaches deal to raise oil output from July
Author: 0 OPEC reaches deal to raise oil output from July

Brent crude LCOc1 settled up $2.50, or 3.4 percent, to $75.55 a barrel. "Need to keep prices down!" " Twitter is not one of the instruments we base our decisions on", Novak added, referring to Trump. Production has been subdued in recent months due to unexpected outages in Venezuela, Libya and Angola. The output boost agreed on Friday had been largely priced into the market and was seen as modest.

Author: 0 OPEC countries to pump more oil to contain price increase

The contentious meeting took place under the shadow of vituperation from U.S. President Donald Trump, who anxious that high oil and gasoline prices would be politically painful ahead of midterm elections later this year. OPEC and its allies have since a year ago been participating in a pact to cut output by 1.8 million bpd. OPEC's official statement said members agreed to return to 100 percent compliance with the 2016 deal beginning on July 1.

Markets Saudi MSCI inclusion will raise foreign stock ownership and boost inflows
Author: 0 Saudi MSCI inclusion will raise foreign stock ownership and boost inflows

MSCI, in which the UAE and Qatari bourses are already included, will also cover Tadawul in two phases starting from June 2019, it said in a statement. This Wednesday will be known if Morgan Stanley Capital International (MSCI) rises to Argentina to the category of "emerging market", a decision that the market expects with great anxiety.

Markets Canada votes to legalise recreational cannabis use
Author: 0 Canada votes to legalise recreational cannabis use

Prime Minister Justin Trudeau announces the legalization date for marijuana in Canada . Canada , however, is the first G7 country to legalize recreational use out of the world's top industrialized nations, including the US, Japan, Germany , the UK, France, and Italy .

Author: 0 How Supreme Court tax ruling could affect states, small businesses - and you

Justice Anthony Kennedy wrote the court's past precedent - requiring only retailers with a physical presence in a state to collect state sales taxes - was not only wrong, but also increasingly unworkable in an internet age. It was your responsibility to pay sales tax on your untaxed online purchases at the end of the year, but virtually no one did that. But the move could impact thousands of smaller retailers in MA and across the country as they try to comply with a labyrinth of ...

Markets Trump threatens 20 percent tariff on European Union cars
Author: 0 Trump threatens 20 percent tariff on European Union cars

It was the first time he had threatened to impose a specific level of tariffs on automobiles from Europe. The goods targeted include typical American exports like bourbon, peanut butter, cranberries and orange juice, in a way that seems designed to create the most political pressure on President Trump and USA politicians.

Author: 0 OPEC on tightrope as output target talks prompt clash

US light crude was 1.05 dollars higher at 66.12 dollars. The market is now under "OPEC-Watch" with numerous major players on the sidelines until the cartel along with Russian Federation makes its decision about production rates at its meeting in Vienna on June 22-23.

Markets German automakers offer to end EU's tariff's on U.S. autos
Author: 0 German automakers offer to end EU's tariff's on U.S. autos

The European Union has announced a new range of retaliatory tariffs against the United States , in response to the USA revoking the EU's exemption from steel and aluminum tariffs. But US Assistant Secretary of State for European and Eurasian affairs Wess Mitchell said on Thursday that Trump's approach towards his allies was about "strategic renovation".

Author: 0 Iran storms out of OPEC meeting to boost oil supply

Benchmark U.S. crude hit its highest level in more than three years in May, but U.S. and global prices have eased since then in anticipation that OPEC will approve more drilling. "We want to prevent the shortage and the squeeze that we saw in 2007-2008", Falih said, referring to a time when oil rallied close to $150 per barrel.

Markets U.S. Oil Prices Slip a Bit Before OPEC Meeting
Author: 0 U.S. Oil Prices Slip a Bit Before OPEC Meeting

Observers say the participating countries could simply agree to stop exceeding their quotas for cutbacks, and stick to the agreed target of trimming production by 1.8 million barrels per day (bpd). Crude oil prices are trading lower early Thursday, but inside yesterday's range. Trump's involvement makes it hard for Tehran to accept a compromise.

Markets Trump threatens additional tariffs on $200 billion of Chinese goods
Author: 0 Trump threatens additional tariffs on $200 billion of Chinese goods

About 60 percent of US soybean exports go to China. The Trump administration said the penalties will be applied if China goes through with its promise to retaliate against United States tariffs announced last week. The US leader warned he would go even further, with punitive measures on an extra $200 billion of Chinese goods - for a possible total of $450 billion of goods, or most Chinese imports - "if China increases its tariffs yet again".

Author: 0 European Union to begin retaliatory tariffs against US on Friday

They range from agricultural produce such as rice and orange juice to jeans, whiskey, motorbikes and various steel products. Announcing the European response, which will target £2.4billion (€2.8bn) worth of USA products, Ms Malmstrom said Brussels had no choice but to fight back.