Markets

Author: 0 Trump imposes tariffs on $200B more of Chinese goods

So far in an ongoing trade war , China has matched new U.S. tariffs on goods. President Donald Trump has been upset at the size of the USA trade deficit with China and has instigated a trade war with the country in an attempt to lower the gap between the value of Chinese imports of US goods and US imports of Chinese goods.

Markets U.S. imposes new $200 billion tariffs on China
Author: 0 U.S. imposes new $200 billion tariffs on China

Last week, the American Chambers of Commerce in China and in Shanghai reported 52 percent of more than 430 companies that responded to a survey said they have faced slower customs clearance and increased inspections and bureaucratic procedures.

Author: 0 China says to 'take countermeasures' after new United States tariffs

What is on the new list? The new tariffs reportedly apply to more than 5,000 items including handbags, rice and textiles. "Most of our member companies are "in China , for China" - selling goods to Chinese companies and consumers, not to Americans - and thus ultimately boosting the USA economy", Jarrett said.

Markets Trump raises stakes with new round of China tariffs
Author: 0 Trump raises stakes with new round of China tariffs

The latest levies are set to go into effect September 24 and remain at 10 percent until the end of the year. Trump's latest escalation of tariffs on China comes after several meetings yielded no progress. Billions of Dollars is being spent on new plants all around the country!' he wrote. Fresh trade talks had been proposed by Treasury Secretary Steven Mnuchin to begin around September 20.

Author: 0 Trump announces new tariffs on $200 billion in Chinese goods

As the trade war unfolds on the worldwide stage, analysts say Mr Trump's brash approach to try to win concessions from Beijing has provoked a public fury that could ultimately thwart his efforts. That would mean imposing new taxes on all of the goods the USA imports from China. To counter China's unfair practices, he had announced on June 15 that the USA would impose tariffs of 25 percent on United States dollars 50 billion worth of Chinese imports.

Markets Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank
Author: 0 Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank

In a separate statement. the government said: "Leveraging of networks, low-priced deposits and subsidiaries of the three banks has the potential of yielding significant synergies for positioning the consolidated entity for substantial rise in customer base, market reach, operational efficiency, wider bouquet of products and services, and improved access for customers".

Author: 0 U.S. impose new $200bn tariffs on China imports

In a statement, the United States president said further tariffs worth $267bn (£203bn) will be placed on Chinese imports if Beijing takes "retaliatory action against our farmers or other industries". "Fortunately, the U.S. economy is humming, so we don't have to worry as much about what this will do to our economy". But if the Trump adminstration enacts a further $267 billion round of tariffs, the iPhone, along with all other smart phones, are likely to be included in the list.

Author: 0 USA ready for China trade deal when Beijing is 'serious'; Kudlow

In early morning tweets, Trump said imposing tariffs strengthened the United States' bargaining position and that so far any cost increases on goods had been "almost unnoticeable". Lou was finance minister through 2016 and serves as chairman of China's 1.9 trillion yuan ($290 billion) National Social Security Fund, which manages assets of government pension plans.

Markets Coca-Cola Is in Talks to Make Marijuana-Infused Drinks
Author: 0 Coca-Cola Is in Talks to Make Marijuana-Infused Drinks

It is the non-psychoactive chemical component of marijuana used for medicinal goal which doesn't produce the high that usually comes from tetrahydrocannabinol (THC). With Canada legalizing recreational use of the cannabis drinks, the Coca Cola Co. The company last month said it would acquire the Costa Coffee chain for $5.1 billion .

Author: 0 Tech company boss, wife buy Time magazine for $190 million

Speaking on the purchase of Time magazine by Salesforce.com Marc Benioff , Meredith president and CEO Tom Harty said that they are pleased to find such passionate buyers - Marc and Lynne Benioff - for the established brand. The company expects to announce agreements for these sales "in the near future". Benioff, who ranks 246th on Bloomberg's billionaire's list , is promising a similar arrangement with Time .

Markets Oil prices rise as focus returns to supply concerns
Author: 0 Oil prices rise as focus returns to supply concerns

Although the EIA does not publish crude production forecasts for Russia and Saudi Arabia in its short term outlook, it expects that US output will continue to exceed Russian and Saudi production for the remaining months of 2018 and through 2019.

Markets Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents
Author: 0 Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents

Queensland Police Service's Detective Acting Chief Superintendent Terry Lawrence encouraged anyone with information that could help the investigation to call Crime Stoppers on 1800 333 000. Strawberries from Berry Obsession and Berry Licious have been contaminated with sewing needles. Investigators have also now confirmed a fourth contamination incident as having occurred in a punnet of strawberries.

Markets Regional Pot Workers Could Face Lifetime Ban From US News Centre News
Author: 0 Regional Pot Workers Could Face Lifetime Ban From US News Centre News

Todd Owen, executive assistant commissioner for the Office of Field Operations, told Politico that border officials will question Canadians about their marijuana use if they have cause to do so. "Despite one-in-eight Canadians using cannabis today, 400,000 people move between our two countries every day nearly entirely without incident", Goodale spokesman Scott Bardsley said by email.

Markets FDA takes 'ancient action' on formative years e-cigarette 'epidemic'
Author: 0 FDA takes 'ancient action' on formative years e-cigarette 'epidemic'

The FDA is calling the use of e-cigarettes by young people an epidemic. "E-cigs non-public changed into an almost ubiquitous - and unhealthy - pattern among young of us". There will also be regulations about making health claims about vaping, a ban on candy and dessert flavouring and more control over who can access the products.

Markets Turkey central bank stuns markets with giant rate hike
Author: 0 Turkey central bank stuns markets with giant rate hike

The bank had faced a dilemma, and still does. Facing a deep slide in the lira and a steep run higher in inflation, the central bank felt compelled to lift rates to restore investor confidence-a risky gambit that boosted the lira but could further damage the economy .

Markets Oil Falls on Rising OPEC Production
Author: 0 Oil Falls on Rising OPEC Production

In its monthly report, OPEC said world oil demand next year would rise by 1.41 million barrels per day (bpd), 20,000 bpd less than last month and the second consecutive reduction in the forecast. "Hence, world oil demand growth is now pegged at 1.62 Mmbpd for 2018, with total global consumption at 98.82 Mmbpd", it said. India , along with some other countries, has sought " waivers " from Washington that would allow them to continue to import Iranian oil and avoid retaliation from the USA ...

Markets Jeff Bezos says Trump is wrong to 'demonize the media'
Author: 0 Jeff Bezos says Trump is wrong to 'demonize the media'

Amazon CEO Jeff Bezos , who typically tries to stay out of the political fray, has mounted a vigorous defence of press freedom, saying President Donald Trump should be "glad" to face media scrutiny. Most important among those will be genuine, intense customer obsession. Bezos said early childhood education is a critical area and that "the money spent there is going to pay huge dividends for decades".

Markets Canada's Freeland returns to Washington for NAFTA talks
Author: 0 Canada's Freeland returns to Washington for NAFTA talks

After more than a year of negotiations, Canada and the United States are still trying to resolve differences over the North American Free Trade Agreement , which also includes Mexico. "Maybe that helps us all put into perspective the negotiations that we're having - and also put into a little bit of historical perspective the importance and the significance of the relationship between Canada and the United States", she said of the anniversary.

Markets States to get Rs 22,700 crore windfall from rupee plunge, crude spike
Author: 0 States to get Rs 22,700 crore windfall from rupee plunge, crude spike

A day ahead of the Ganesh Chaturthi festival, petrol and diesel prices are now among the highest in Maharashtra across all states. "The statement given by the Government that it has no role in fixing the fuel price is a misleading statement because the oil companies are fixing the price of petrol and diesel with the implied consent of the Government itself".

Markets Trump claims credit for the economy. Not so fast, says Obama
Author: 0 Trump claims credit for the economy. Not so fast, says Obama

They said it was Obama , not Trump, who first used rhetoric to pit groups of Americans against each other. Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president. The economy was, however, struggling when Obama took office in 2009. However, Fox Business reports this as false. "Today's stellar 4 percent growth is clearly the result of tax cuts and deregulation".

Markets Hurricane Florence: North Carolina may lose thousands of vehicles
Author: 0 Hurricane Florence: North Carolina may lose thousands of vehicles

Not only do these readings enable scientists to better predict how a particular storm could behave - the data assembled from every mission also helps researchers to put together a clearer picture of hurricane formation and development, improving preparation for future storms, according to NOAA .

Markets Ford rules out U.S. production of Focus Active
Author: 0 Ford rules out U.S. production of Focus Active

World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S. In January 2017, Trump said he spoke to Apple CEO Tim Cook over the phone and he promised to build "three big plants" in the U.S.

Markets Rise in fuel price not because of BJP: Ravi Shankar Prasad
Author: 0 Rise in fuel price not because of BJP: Ravi Shankar Prasad

Fuel prices continued to rise on Monday, with the price of petrol touching Rs 88.12 a litre - an increase of Rs 0.23 a litre - in Mumbai, reported ANI . The extra benefit accrued to states is Rs 3-4 per litre, he said. On March 1 this year, the state had secured a litre of petrol for Rs 54.60. Mr.

Author: 0 China promises to retaliate if United States imposes more tariffs

Ford says it has no plans to move production of a small vehicle from China to the United States despite President Donald Trump's enthusiastic tweet Sunday . "Without the tariffs , the business case was pretty solid for that model in the U.S. market", he said. Demand for small cars in the U.S. has been waning for years with relatively low petrol prices and a shift from cars to SUVs and trucks.

Markets Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2
Author: 0 Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2

Meanwhile, the increase pushed the petrol price in Delhi to Rs 80.38 per litre. The new petrol and diesel prices will be applicable from Tuesday morning (September 11). The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. Bharat Bandh was called for today from 9 AM to 3 PM to bring petrol and diesel under the Goods and Services Tax (GST), which, the grand-old party said, would decrease the price by Rs 15-18.

Markets Tesla Accounting Chief Quit After Elon Musk Ignored Pitfalls of Going Private
Author: 0 Tesla Accounting Chief Quit After Elon Musk Ignored Pitfalls of Going Private

The podcast episode arrived at a tumultuous moment for Tesla and Musk. Rogan passes the joint to Musk, who also takes a sip of whiskey. As of midday Friday, more than 1.5 million users had checked out his chat with Musk. The appearance was the latest unorthodox move by Musk, who has often surprised investors with brash and unpredictable behavior as Tesla has sought to live up to lofty manufacturing targets for its Model 3 electric vehicle.

Markets Read Alibaba chairman Jack Ma's letter to employees and customers
Author: 0 Read Alibaba chairman Jack Ma's letter to employees and customers

Ma will give up the chairman role in exactly one year on September 10, 2019 and complete his current term on Alibaba's board of directors following the company's annual general meeting in 2020, the company said. According to the company, Paytm AI Cloud processes and stores their consumers' data locally in servers located in India - a demand from the government that has resulted in its rival WhatsApp and Apple deferring their digital payments services in the country.

Markets CBS CEO Les Moonves reportedly in exit talks amid sexual misconduct probe
Author: 0 CBS CEO Les Moonves reportedly in exit talks amid sexual misconduct probe

As part of the settlement talks, Moonves would leave with $100 million - $10 million in cash and $90 million in CBS stock. CBS shares rose more than 3 percent. As reported by CNBC , citing people familiar with the negotiations, the exit package will be made up nearly entirely of CBS stock. "He had earlier said he "may have made some women uncomfortable by making advances", which he called mistakes that he regretted immensely, but that he understood "'no" means "no"' and had never used ...

Markets Petrol, diesel prices reach new high on Friday
Author: 0 Petrol, diesel prices reach new high on Friday

An official told the daily that the government can not, "disturb fiscal maths by cutting excise duty on petrol and diesel". While petrol costs Rs 86.91 a litre, diesel is priced at Rs 75.96 a litre in Mumbai . The recent slump in the rupee has also lifted the import cost of crude oil, subsequently affecting the fuel prices. The opposition has also launched an attack on the BJP government over the rising fuel prices.

Markets China's August trade surplus with USA widens to record $31 billion
Author: 0 China's August trade surplus with USA widens to record $31 billion

Now Trump says he's got another $267 billion in tariffs ready to go on short notice if he wants. That list includes some consumer products, like cameras, luggage and tires and they'd be subject to tariffs of 10-25 percent. Comparatively few applauded the tariffs. Talk of the bonus $267bn tariff package comes as the White House has yet to settle all of the specifics of the planned $200bn tariff prospoals - which, as we said, would follow up that earlier $50bn package.

Markets EOS Price Watch: Currency Falls Alongside Rest of Crypto Market
Author: 0 EOS Price Watch: Currency Falls Alongside Rest of Crypto Market

The U.S. Securities and Exchange Commission had warned previous year that some of the coins issued in ICOs could be considered securities, meaning trading them would have to comply with federal securities laws. The prospects of such a large banking institution making an entry into the crypto world had brought hope and confidence in many traders and investors, and that worked really well to keep the market a bit stable for the past few weeks.

Author: 0 Trump says ready to up China tariff list to US$517 billion

China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain "steady and healthy" economic growth, a government spokesman said Thursday. Most comments were from companies seeking to remove products from the tariff list, arguing there were few, if any alternative sources and the duties would cause financial hardship.

Markets As Mercedes introduces an electric SUV, Tesla's stock slumps
Author: 0 As Mercedes introduces an electric SUV, Tesla's stock slumps

That approach will also be used when the company enters the electric vehicle market, and rather than redefine the brand in terms of its premium and luxury position, Mercedes-Benz is adding a zero-emissions dimension to it, he said. Its CEO - in blue jeans like a Silicon Valley executive. When asked how to watch the lifestream of the EQC EV's unveling live, Mercedes replied that "there will be a live stream tomorrow on this page".