Money

by | June 28, 2018 | 05:11

The company CEO and president responded to a fake tweet circulating under his name in which he supposedly called Trump a moron. But those trade partners feel insulted by Trump and have chose to retaliate. "Harley-Davidson is using that as an excuse, and I don't like that because I've been very good to Harley-Davidson and they used it as an excuse", he said in response.

by | June 27, 2018 | 23:52

And what about the restrictions makes Wall Street so anxious? USA technology stocks were worst hit. Alphabet Inc (NASDAQ: GOOGL ) 2.6 percent. Graham Webster, a senior fellow with Yale Law School's Paul Tsai China Center, said a key question was whether Trump's tariff actions would lead Beijing to link economic issues and security cooperation.

by | June 27, 2018 | 23:20

But, before most people could get a grasp on what's actually happening, the story about trade quickly devolved into one about Trump's angry tweet-slapping against Harley Davidson . The EU responded to United States tariffs on steel and aluminum, but hitting a series of American products with import taxes, including motorcycles, bourbon and blue jeans.

by | June 27, 2018 | 16:50

In speech broadcast live on state TV, Rouhani blamed the spontaneous demonstrations that erupted across the country a day earlier on "foreign media propaganda", and accused the USA of waging "an economic war" against Tehran. Prosecutor Abbas Jafari Dolatabadi said the "main provocateurs" who planned the protest and threatened shopkeepers to close their stores were arrested.

by | June 26, 2018 | 20:46

Turkish President Recep Tayyip Erdogan won a decisive victory in the elections Sunday, extending his 15-year reign and also cementing the sweeping powers he had long sought. "Erdogan and his team will earn experience and will try to correct the system's flaws while implementing it", he said, adding that there will be new decrees and legislations to achieve that.

by | June 26, 2018 | 19:11

Tech companies in the S&P 500 pull in about 59% of their revenues from overseas but have risen 9.5% this year compared with the index's overall gain of 1.5%. Additionally, Lim pointed out that the tariffs will only "increase China's incentive to push Chinese companies' global expansion to third-party countries" while also accelerating the "development of domestic technologies to reduce their dependence on US exports".

by | June 26, 2018 | 13:51

Harley-Davidson expects ramping-up production in worldwide plants will require investment and will take at least 9 to 18 months to be fully complete. About 16 percent of the Milwaukee-based company's revenue comes from European sales, which reached almost 40,000 units in 2017.

by | June 26, 2018 | 12:43

The S&P 500 Index closed down 1.35%, which says many USA investors believe the worst case scenario won't happen with a trade war and I hope they're right but we're gambling with the former casino owner called Donald Trump . Meanwhile, later this week, the Treasury Department is due to unveil a proposal on investment and export restrictions. Foreign investments already must pass interagency review under the Committee on Foreign Investment in the US, to see if they violate national ...

by | June 26, 2018 | 05:01

Citing the high costs of new European tariffs , Harley Davidson announced Monday it would move some of its United States motorcycle production overseas. Moving production overseas is expected to require nine to 18 months, so in the near-term Harley-Davidson will absorb the costs of European Union tariffs , the company said in a regulatory notice.

by | June 25, 2018 | 21:41

State media reports that Erdogan took in 53 percent of the vote, while his opponent Muharrem Ince garnered 31 percent of the vote, according to BBC News . Critics say it is a blatant power grab and pushes Turkey closer to authoritarian rule. In the opposition camp, the CHP had 23 per cent and the pro-Kurdish Peoples' Democratic Party (HDP) 11 per cent - above the threshold it needs to reach to enter parliament.

by | June 25, 2018 | 20:11

The company added, "Increasing worldwide production to alleviate the European Union tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe".

by | June 25, 2018 | 19:29

The company added, "Increasing worldwide production to alleviate the European Union tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe".

by | June 25, 2018 | 09:56

Johnson meanwhile indicated he meant to pursue a hard Brexit, saying people would not tolerate a " bog roll Brexit " that was "soft, yielding and seemingly infinitely long". John Neill, chief executive of Unipart, a auto parts supplier that employs 6000 people in Britain, told the Financial Times , that carmakers would "find it very difficult to survive in the long term" if May chose a hard Brexit.

by | June 25, 2018 | 09:26

European Commission President Jean-Claude Juncker said the deal "paves way for the successful conclusion of the program and a new chapter for the country". they need to feel the change in their own pockets", he added. Over those years, Greece twice got perilously close to being kicked out of the eurogroup, EU Commissioner Pierre Moscovici said.

by | June 25, 2018 | 06:58

The CEO of Jeffers said that the software required for this new law is not cheap. In today's context, he said, the physical presence rule is "an extraordinary imposition by the judiciary on the states' authority to collect taxes and perform critical public functions".

by | June 25, 2018 | 04:36

The global view is that it would not be safe for them to return yet. The International Organization for Migration and the UNHCR are cautious about setting up "hotspots" outside of Europe to filter people fleeing violence at home from those trying to get to the continent to improve their lives economically.

by | June 25, 2018 | 01:36

Friday. A portion of a warehouse housing thousands of barrels of bourbon collapsed in Kentucky on Friday, sending roughly half of those barrels crashing to the ground. A police official said there was no one inside when the roof caved in. A local dispatcher responding on the scene said the air smelled of bourbon, though that's not atypical for an aging facility.

by | June 25, 2018 | 01:24

There's still no suggestion that the employee had any higher agenda than settling a petty dispute with Tesla . But we didn't learn that until Tesla filed a lawsuit against him on Wednesday. Tesla refuted Tripp's claims to being a whistleblower and said his claims are exaggerated or misconstrued. "Threatening me only makes it worse for you", Mr Musk replied , later adding: "Betraying your word of honour, breaking the deal you had when Tesla gave you a job and framing your ...

by | June 24, 2018 | 20:01

The service includes IMAX, Dolby Cinema and 3D films. The largest movie chain in America is creating a service that will rival subscription-based ticketing company MoviePass . "It wouldn't surprise me to see other theaters following suit, as long as a sustainable plan is demonstrated", Holden figured. Their reasoning, according to their Terms of Service, is as follows: 'We hope this will encourage you to see new movies and enjoy something different!' MoviePass CEO Mitch Lowe tells ...

by | June 24, 2018 | 20:01

But after midnight Sunday, Saudi women finally joined women around the world in being able to get behind the wheel of a auto and simply drive . Another activist Loujain al-Hathloul, who was also arrested recently for a second time , defended her 2014 attempt to drive into Saudi Arabia from the United Arab Emirates (UAE).

by | June 24, 2018 | 19:13

Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 am Athens time on Wednesday to nearly a month low, while the Athens Stock Exchange General Index rose as much as 1.1 percent in intraday trading amid optimism that euro-area finance ministers will reach a deal on Greece on Thursday.

by | June 24, 2018 | 08:06

After a meeting in Vienna , Emirati Energy Minister Suhail al-Mazrouei said the cartel chose to fully comply with its existing production ceiling. OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil - a move that should help contain the recent rise in global energy prices.

by | June 24, 2018 | 04:09

The move by the European Commission is in response to the Trump administration's decision in March to introduce tariffs of 25% on steel and 10% on aluminium imported into the US. They totally rely on us, which is fine with me. A group representing major USA and foreign automakers has said it is "confident that vehicle imports do not pose a national security risk".

by | June 24, 2018 | 02:58

The Supreme Court agreed to overturn those decisions in a 5-4 ruling. "Any adjustment to those rules with the potential to disrupt the development of such a critical segment of the economy should be undertaken by Congress". In Massachusetts, you don't have to pay the 6.25% sales tax on clothing and food, but you do for luxury items like jewelry. States were missing out on around 25 percent of the tax from online sales, according to the Government Accountability Office, meaning $ 13 ...

by | June 23, 2018 | 20:45

The countries of the OPEC oil cartel will discuss increasing their production by about 1 million barrels a day at a meeting Friday that could influence the cost of energy globally in coming months. "How much oil do we need?. around 1 million (barrels per day, bpd) probably". But Iran , Iraq and Venezuela face major geopolitical challenges to their oil production and fear that a price increase will reduce the price they can ask for their barrels.

by | June 23, 2018 | 14:02

OPEC's deal to release more supply centres on returning to 100 percent compliance with existing, agreed cuts. He said OPEC could meet again in September to adjust the deal. Some analysts believe that Saudi Arabia needs a Brent price closer to $90 a barrel to cover its domestic spending but is feeling pressure from the United States to head off rising prices by boosting output.

by | June 23, 2018 | 13:22

The move follows a series of stock market reforms by Tadawul and its regulator, the Saudi Capital Market Authority, to make it easier for foreigners to invest. Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco's initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports .

by | June 23, 2018 | 13:03

Canada is following the lead of Uruguay in allowing a nationwide, legal marijuana market, although each Canadian province is working up its own rules for pot sales. Landlords in some provinces will be allowed to prohibit the use of cannabis inside of their properties, much like tobacco products. In the Commons, New Democrat MP Don Davies attempted to pass a motion calling on the government to immediately pardon Canadians convicted of simple cannabis possession - something that will no ...

by | June 22, 2018 | 18:56

China, India and Turkey have already hit back with their own tariffs on U.S. imports. In two weeks, the U.S. is due to start taxing $US34 billion in Chinese goods. The EU implemented the tariffs a week earlier than expected, "a signal that the EU is striking back and taking this seriously", said economist Holger Schmieding at Berenberg Bank in London.

by | June 22, 2018 | 18:45

At stake is the fate of an 18-month-old supply-cut deal between members of the Organization of the Petroleum Exporting Countries and allied countries that has cleared a global oil glut and lifted crude prices. "An initial increase of between half a million and a million barrels is expected to be agreed which will be welcomed by Trump who has been targeting OPEC as of late", Craig Elam, senior markets analyst at OANDA, said.

by | June 22, 2018 | 16:26

In terms of how we manage and adapt, this is something all our high-level managers are making various plans on", Chairman Terry Gou said at the company's annual general meeting. Items such as cars have seen pledges of cuts and in May, Beijing said it would lower import tariffs on 1,449 consumer goods, starting from July 1. Malmström added that if the US removes its tariffs, the European taxes would also be lifted.

by | June 22, 2018 | 15:28

The paper agreement would see production increase by 1 million barrels a day to bring the group back to target. He said that the world could face a supply deficit of up to 1.8 million barrels a day in the second half of the year, and maintained that it is OPEC's responsibility to address that imbalance.

by | June 21, 2018 | 20:59

USA oil prices managed to stage a bounce this week after a rapid decline last Friday saw WTI crumple into 63.36 after lifting steadily into 66.80 for most of the week; with the technical bounce over oil has resumed drifting lower, though today's lift sees crude challenging the key 65.00 handle once again, a level that has become familiar in recent weeks.

by | June 21, 2018 | 20:45

China doesn't import enough goods from the U.S.to match the scale of Trump's proposal but could adopt other methods. The White House said on Monday evening that if China goes through with its promise to retaliate against the United States tariffs announced last week, Washington will impose new tariffs, the Washington Post reported.

by | June 21, 2018 | 13:26

This report comes after the European Commission announced it approved initial retaliatory tariffs on USA exports worth €2.8 billion ($3.2 billion). The European Union triggered the first phase of retaliation against the US over its metal-import tariffs imposed on national-security grounds, making good on more than three months of threats to hit American goods with tit-for-tat levies.