Money

by | July 03, 2018 | 11:40

Despite the relief from Saudi Arabia and Russian Federation, oil markets remain tense because of unplanned outages from Canada to Venezuela and Libya. Rouhani's visit comes almost two months after US President Donald Trump unilaterally pulled out of the nuclear agreement, to the ire of the other signatories - China, France , Germany , the United Kingdom and Russian Federation - which along with the European Union have continued to back the accord.

by | July 03, 2018 | 04:56

Although the reported bill could have significant implications for the global economy, social media users have been more focused on its unfortunate name: the United States Fair and Reciprocal Tariff Act - or "FART Act". exports of those goods by another country. Axios quoted a source familiar with the bill as saying the bill was "insane" and Congress would never consent to it.

by | July 03, 2018 | 02:33

The company is offering them $109 in cash for each share they hold, or 1.3665 shares of the new Dell stock, which will list on the NYSE. The expected move, which would help simplify Dell's complicated ownership structure, is the culmination of a strategic review the company has been conducting for months.

by | July 03, 2018 | 02:28

General Motors sent a letter to the Commerce Department today complaining that further tariffs on imported auto parts and materials could result in higher vehicle prices and, ultimately, a smaller GM . "We urge the U.S.to work with its trading partners to support policies that remove rather than create new barriers to trade", the company said. Both GM and Toyota warned that USA consumers would bear the brunt of increased costs.

by | July 03, 2018 | 00:29

But, he agreed to a new contract with the Oklahoma City Thunder when free agency began. Cavaliers owner Dan Gilbert didn't trash LeBron James on his way out of town this time. Caldwell-Pope, 25, will head into his second season with the Lakers after finishing a one-year, $18 million deal. "The betting support is always there behind LeBron James and people are hopeful he can get other players with him, whether it's Kawhi (Leonard ) or someone else".

by | July 02, 2018 | 23:34

If Saudi Arabia were to respond to Trump's request, it would stretch spare production capacity to the limit, meaning that any supply outage could have an out-sized effect on oil prices. In briefings since then, Opec officials have signaled the extra volume is likely to be in the range of 700,000 to 1 million bpd. According to Reuters , Brent is expected to average $72.58 a barrel in 2018, 90 cents higher than the $71.68 forecast in last month's poll while the WTI is now seen averaging ...

by | July 02, 2018 | 22:10

Vehicle and component exports represented 13.9% of South Africa's total exports in 2017. "The domestic manufacture of automobiles has no apparent correlation with U.S. The submission also said that the link between the automotive industry and national security was "weak". Trump recently turned his attention to the automotive sector , focusing on European manufacturers.

by | July 02, 2018 | 22:09

President Donald Trump said he doesn't plan to withdraw from the World Trade Organization , but wants the United States needs to be treated more fairly by the global body. "Faced with these unjustified tariffs, the United States will take all necessary actions under both USA law and global rules to protect its interests", he said.

by | July 02, 2018 | 18:56

Trump said in a tweet on Saturday that Saudi Arabia's King Salman bin Abdulaziz Al Saud had agreed to produce more oil. The letter, published by the Iranian Oil Ministry's SHANA news agency, did not directly name Saudi Arabia, Iran's Mideast rival, but the ultraconservative kingdom was clearly its target.

by | July 02, 2018 | 17:22

Since then Elon Musk , the automaker's CEO , has gone to extremes to fulfill his promise of making 5,000 cars a week by the end of June. Tesla opened the floodgates last week, inviting all Model 3 reservation holders in the USA and Canada to configure their vehicle and put in their order, a step that costs $2,500.

by | July 02, 2018 | 15:44

Norwegian Getaway is now based out of Port Miami . "Kudos to the Carnival Glory team for this wonderful effort to rescue a fellow seafarer", the spokesperson said. A man who went overboard on the cruise ship Norwegian Getaway was rescued almost 24 hours later by another cruise ship. Norwegian thanked Carnival for recovering the employee and said he would be returned to shore soon.

by | July 02, 2018 | 11:56

Amazon says skilled entrepreneurs could start businesses for as little as $ 10,000, although this does not include the cost of hiring drivers. The announcement follows public criticism of Amazon by President Donald Trump over the company's arrangement with the US Postal Service .

by | July 02, 2018 | 05:11

Saudi Arabia along with other Organization of Petroleum Exporting Countries ( OPEC ) and non-OPEC nations, including Russian Federation, had agreed on June 22 to boost production by a combined 700,000 to 1 million barrels a day, so any 2 million bpd-increase would be at least double market expectations.

by | July 01, 2018 | 15:41

While this is cause for concern regardless of the specifics, Adidas says its early findings show that data accessed includes contact details, usernames, and encrypted passwords. Sears and Kmart were both affected by the same breach in April of this year, which could have compromised customer credit card information. According to a recent KPMG study , 55% of consumers surveyed globally have decided against purchasing something online due to privacy concerns.

by | July 01, 2018 | 14:55

Each record contains entries that go far beyond contact information and public records to include more than 400 variables on a vast range of specific characteristics: whether the person smokes, their religion, whether they have dogs or cats, and interests as varied as scuba diving and plus-size apparel.

by | July 01, 2018 | 10:08

He also also offered to "change it to something else if your Dad wants". When the daughter pressed Musk, he claimed it was "actually someone else's drawing" and that he asked his team to use something else. "By the time they sent out the Christmas card, I just said 'boy, this is wrong, ' because it's a copywritten image". But Tesla never responded, and the company also didn't reply to Observer requests for comment.

by | July 01, 2018 | 09:39

It added that China might need to "adjust its policies" to open up its markets "due to economic uncertainty" arising from trade tensions. The German DAX and France's CAC 40 index both rose by 0.9 percent while the U.K.'s FTSE 100 advanced 1.1 percent.

by | July 01, 2018 | 09:26

They also discussed "efforts by the oil producing countries to compensate for any potential shortage in supplies", it added. The gulf state's statement did not include any details or confirmations regarding the president's request. Saudi Arabia along with other Organization of Petroleum Exporting Countries (OPEC) and non-OPEC nations, including Russian Federation, had agreed on June 22 to boost production by a combined 700,000 to 1 million barrels a day, so any 2 million bpd-increase would ...

by | July 01, 2018 | 05:27

The Energy Department said on Wednesday that strong demand sent crude oil inventories plunging by 9. 9 million barrels last week - about four times what analysts anticipated. Estimates vary, but Saudi Arabia may have the ability to produce as much as 12.5 mb/d, although perhaps less. Add in smaller contributions from elsewhere and global spare capacity might only amount to 2 mb/d of supply as of July, or only about 2 percent of total global production.

by | June 30, 2018 | 23:14

Saudi Arabia plans to pump a record 11 million bpd in July, up from 10.8 million bpd in June, an industry source familiar with Saudi plans told Reuters on Tuesday. Banks on Wall Street and elsewhere said they continue to see prices climbing because of the dwindling cushion. The tightness in global and United States supplies isn't likely to be helped by production outages in Libya and Canada , as well as the limited ability of other OPEC countries to up their production capacity in ...

by | June 30, 2018 | 22:43

It did not elaborate. "Prices too high! He has agreed!" Meanwhile there has been growing civil unrest in Venezuela amid an ongoing economic crisis. President Donald Trump , who is pushing Japan to reduce its trade surplus with the United States, which topped $63 billion in 2017. Trump was vague about whether the two-million-barrel increase would be per day.

by | June 30, 2018 | 19:43

Amazon also now lets individual drivers use their personal vehicles for deliveries through its "Flex" program, which has been criticized recently. According to the Seattle-based company, its new partners can potentially make up to $300,000 in annual profit.

by | June 30, 2018 | 16:04

As temperatures and tensions increase, the measures targeting Can$16.6 billion ($12.6 billion) in USA steel, aluminum and consumer goods will take effect on Sunday , when Canadians celebrate a national holiday and just days before Americans celebrate Independence Day amid a heatwave expected in both countries.

by | June 30, 2018 | 09:30

A new post from the Toys "R" Us Facebook page is teasing that the brand isn't quite done yet, a post that reads "Stay tuned here for news and information on the next chapter for Geoffrey and the iconic Toys "R" Us brands". After the sad photo of Geoffrey went viral, the San Antonio Zoo set up a GoFundMe page to raise $100,000 with the goal to "persuade the owners at Toys " R " Us to join the effort to save giraffes by donating the use of their most recognizable intellectual property", their ...

by | June 30, 2018 | 09:04

India must decrease dependence on Iranian oil imports, U.S. envoy to the United Nations Nikki Haley said in New Delhi on Wednesday after meeting Indian Prime Minister Narendra Modi. Prime Minister Narendra Modi's party had been expected to easily win national elections scheduled for early next year. Foreign investors have already sensed these problems and are leaving Indian debt.

by | June 29, 2018 | 23:44

A shortage of carbon dioxide has been created as a number of European plants have shut down for maintenance or technical issues, with only one United Kingdom producer understood to be in action. Food wholesaler Bookers, which sells supplies to restaurants, bars and traders, said it is capping the number of cases of beer being sold to customers at 10 and the number of soft drinks or cider to five.

by | June 29, 2018 | 23:36

The total funds held by all foreign clients of Swiss banks, however, rose to 1.46 trillion francs in 2017 from 1.42 trillion francs in 2016 despite the Alpine country dismantling bank secrecy. The money parked directly with the banks is now pegged at CHF 999 million (Rs 6,891 crore) and another CHF 16.2 million (Rs 112 crore) through fiduciaries.

by | June 29, 2018 | 12:43

Sixty-nine Wings Air passengers had their flight to Denpasar, Bali, cancelled on Friday following the closure of I Gusti Ngurah Rai International Airport due to volcanic ash emanating from Mount Agung in Karangasem regency. It was shooting a column of ash more than 2,500 metres (8,200 feet) into the sky on Friday and officials said operations at Indonesia's second-busiest airport would be reviewed every few hours.

by | June 29, 2018 | 11:42

The US is planning a new assault on China as the trade war between the two countries heats up . Under the plan, which hasn't been finalized as of yet, the US would prevent the purchase of any USA tech companies by a Chinese firm if it already owned 25% of the company.

by | June 29, 2018 | 02:36

Just minutes before. he wrote: "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". KING: So Mr. "A Harley-Davidson should never be built in another country-never!" Does Harley even understand what 'Made in America means?' In a separate tweet earlier Tuesday, Trump said Harley-Davidson's announcement on Monday was simply the company using tariffs as an excuse for its already-planned shift of some production from Kansas City ...

by | June 28, 2018 | 23:04

The warning follows concerns voiced last week by the head of Siemens' operations in Britain, who told Reuters that the country should stay in the European Union customs union, contrary to the British government's policy. Vehicle giant BMW has also aired concerns over the future of the motoring industry post-Brexit. Writing in The Guardian, David Blanchflower, a former member of the Bank of England's rate-setting monetary policy committee, said the fallout from the "disastrous" ...

by | June 28, 2018 | 15:28

It also signaled widespread unease beneath the surface in Iran in the wake of US President Donald Trump's decision to withdraw America from Tehran's nuclear deal with world powers. "In the coming months we will see much more intervention in the economy by the government, a centrally imposed style of management by dictat", he said.

by | June 28, 2018 | 09:58

He was responding to warnings by Airbus and BMW that investments in the United Kingdom could be jeopardised by Brexit uncertainty . "We are in a critical moment in the Brexit discussions". The BBC reported there were tens of thousands of protesters and a smaller pro-Brexit counterprotest. Most recently, BMW has warned it could cut operations .

by | June 28, 2018 | 06:55

Brent crude futures were down 78 cents at $74.78 a barrel at 0917 GMT, while US light crude was up 25 cents at $68.83 a barrel, supported in part by a Canadian supply outage. The differing reaction narrowed Brent's premium to less than $6 a barrel from more than $10 last week. "Within one-and-a-half years of OPEC decision to cut output by 1.8 million barrels per day, they have agreed to restore more than half of the reduction", he said.

by | June 28, 2018 | 05:54

The White House announced on June 27 that it would not limit Chinese investment in USA companies beyond what Congress is already working on. White House officials say that in addition to the decision to protect US technology through CFIUS, the president has instructed the Commerce Department to "assess the current export regime" to determine if rules about sharing important technologies with other countries.