Money

Money Dell to return to public trading
Author: 0 Dell to return to public trading

The $21.7 billion deal, announced Monday, was approved by the boards of Dell and VMware Sunday night. Dell said it will list its Class C shares on the New York Stock Exchange following the completion of the deal that will eliminate its tracking stock.

Money India Has Back-Up Plans In Case Of Complete Iranian Oil Cut-off
Author: 0 India Has Back-Up Plans In Case Of Complete Iranian Oil Cut-off

At the same time, Iranian Oil Minister Bijhan Zanganeh reminded Riyadh that "any increase in the production by any member country beyond commitments stipulated in OPEC's decisions. According to a Reuters survey, Saudi Arabia's output is up by 700,000 barrels per day from May, while Russian output is up to 11.06 million barrels per day in June from 10.97 million barrels per day in May, according to the Russian Energy Ministry, cited by Reuters.

Money LeBron to join Lakers for $154 million over 4 years
Author: 0 LeBron to join Lakers for $154 million over 4 years

After years of Stephenson trying to troll James, James was nearly in on the joke by the time the series finished, even giving a reporters a play on words of Stephenson's nickname 'Born Ready .' . Smith and Kyle Korver. He delivered in 2016, erasing past sins and raising himself to a worshipped level few athletes in any sport have experienced. But Johnson was apparently able to say exactly what James needed to hear to convince him Los Angeles is the right fit for him to begin the next ...

Money EU warns Trump: auto tariffs could lead to $300B retaliation
Author: 0 EU warns Trump: auto tariffs could lead to $300B retaliation

The EU's letter reportedly said the bloc had not yet decided on countermeasures to any new auto tariffs but said it was "likely" to apply them to "a significant volume of trade" in the event Trump imposed such tariffs. But they treat us very badly. Now in all fairness they have their farmers. The EU submission also reports a 25 percent tariff could have a $13-14 billion negative impact on USA gross domestic product, Reuters reported .

Money Trump asks Saudi Arabia to increase oil production
Author: 0 Trump asks Saudi Arabia to increase oil production

Russian Federation breached its oil-output quota agreed with for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies. Brent crude stood at $79.42 a barrel, while USA benchmark crude was at $74.15. "Russian Federation could increase its output by 300,000 bpd, while others [Kuwait, the UAE and Iraq] increase by 300,000 bpd", Iradian said.

Author: 0 Iran to allow private sector to export oil, beat U.S. sanctions

OPEC and non-OPEC countries said they would raise supply by returning to 100 percent compliance with previously agreed output cuts, after months of underproduction. It was previously unclear if the U.S. would penalize European nations that chose to remain in the Obama-era agreement. The official Saudi Press Agency confirmed a phone call between Trump and Salman about oil, but mentioned no specifics and the White House later struck a more cautious tone, saying in a statement the two leaders ...

Money President Trump gets Saudi Arabia to increase oil production
Author: 0 President Trump gets Saudi Arabia to increase oil production

Trump said on Twitter that King Salman agreed to the request, but a state-run press agency in Saudi Arabia didn't confirm the two leaders reached any agreement. 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.

Money Florida marketing firm Exactis leaks info of 340 million people, businesses
Author: 0 Florida marketing firm Exactis leaks info of 340 million people, businesses

The vast database owned by Exactis contained information pertaining to nearly the entire adult population of the United States and contained minute details of each individual such as full names, home addresses, email addresses, gender, religion, whether an individual is a smoker, whether he/she owns any pets, whether he/she has any children, or whether he/she has any particular interests such as scuba diving or plus-sized apparel.

Author: 0 Trump says Saudi king agrees to ramp up oil production

The anonymous official made the comment to The Wall Street Journal Saturday, not long after US President Donald Trump claimed that the monarchy has agreed to raising the oil output to take on Iran and Venezuela. That was after Saudi Energy Minister Khalid al-Falih said the kingdom would honour the OPEC decision to stick to a one-million-barrel increase. Oil prices surged again on news that the USA was pressuring its allies not to import oil from Iran, lest they risk sanctions.

Money Opposition slams BJP govt for rise in Swiss bank deposits in 2017
Author: 0 Opposition slams BJP govt for rise in Swiss bank deposits in 2017

The rise in 2017 comes after money parked by Indians in the Swiss bank plunged from CHF 2.03 billion (Rs 14,000 crore) in 2013 to CHF 676 million (Rs 4,660 crore) in 2016. Interestingly, the funds, described by SNB as "liabilities" of Swiss banks or "amounts due to" their clients, are the official figures disclosed by the Swiss authorities and do not indicate to the quantum of the much-debated alleged black money held by Indians there.

Money US Softens Stance On Countries Buying Iranian Oil
Author: 0 US Softens Stance On Countries Buying Iranian Oil

The US has directed all countries to stop all their oil imports from Iran by November 4 in a bid to isolate Iran's funding channels. Just in case India needs to stop importing from Iran, India will keep looking for new contracts for crude sourcing, the sources said and added that India is already in talks with the USA for crude import contracts.

Money Oil prices rise amid output uncertainty and despite OPEC hike agreement
Author: 0 Oil prices rise amid output uncertainty and despite OPEC hike agreement

Higher feedstock crude oil prices, as well as surging fuel exports from China, have pulled down Asian refinery product margins to two-year lows. "The kingdom's energy minister Khalid Al Falih indicated that members of the new deal with spare capacity - predominantly Saudi Arabia , its Gulf allies and Russian Federation - will increase output to make up for those that can not produce enough", reported FT.

Money Trump's oil prices tweet sparks Iran reply
Author: 0 Trump's oil prices tweet sparks Iran reply

The group is also contending with internal differences: Saudi Arabia favors easing output curbs implemented previous year after they succeeded in shrinking a global glut, while Iran, Iraq and Venezuela oppose boosting production. Moscow believes the new arrangement it proposes would provide stability for the oil market through a period of high demand during the northern hemisphere summer, the person said.

Money Amazon launches start-up service to deliver its own packages
Author: 0 Amazon launches start-up service to deliver its own packages

The company said its vans could only be used for Amazon deliveries, though partners can deliver for other companies when using different vehicles. It has a fleet of cargo planes it calls "Prime Air" and is getting ready to test a new service that has company couriers picking up products from businesses that sell goods through Amazon and delivering them to Amazon warehouses - a chore now done by UPS and other services.

Money Canada announces billions in retaliatory tariffs against US
Author: 0 Canada announces billions in retaliatory tariffs against US

It begs the question: what comes next? Chrystia Freeland , Canada's foreign minister, said Friday that Ottawa will slap tariffs on $12.6 billion of us exports starting on Sunday . The U.S. tariffs, he insisted, are inextricably intertwined with the NAFTA negotiations. Canada will also spend $50 million over five years to help companies diversify exports and take better advantage of the new free trade agreement with Europe and the Trans-Pacific Partnership.

Money End of an era: Toys 'R' Us stores close for good
Author: 0 End of an era: Toys 'R' Us stores close for good

Storch came to the company when it was in the midst of a debt-laden privatization deal in 2005, and left it in 2013, with $1 billion in revenue (pre-tax). Advocates say 33,000 Toys "R" Us workers should be entitled to $75 million in severance to help pay the bills while they look for look for another job.

Money Oil dips on OPEC output increase
Author: 0 Oil dips on OPEC output increase

Oil falls as investors prepare for an extra 1 million barrels per day of oil to hit markets. This follows earlier reports of a one million barrel production increase which was strongly opposed by Iran. Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit the markets after OPEC agreed to raise production and as USA equity markets slipped on trade war fears.

Money Iran Says Removing Oil From Market By November Impossible
Author: 0 Iran Says Removing Oil From Market By November Impossible

The Iranian government is implementing new plans to control rising prices, including banning imports of over 1,300 products, preparing its economy to resist threatened USA sanctions. Apart from the rial's collapse, the Iranian private sector has always been starved of investment, its banking system is crippled by bad loans and record levels of unemployment mean a third of under-30-year-olds are out of work.

Money Trump says Harley move overseas would be 'beginning of the end'
Author: 0 Trump says Harley move overseas would be 'beginning of the end'

Harley-Davidson estimated that the European Union tariffs would cost about $2,200 per motorcycle exported out of the U.S. "Their employees and customers are already very angry at them", he wrote on Twitter . The European Union's decision to place tariffs on various USA products was in retaliation to the Trump administration's move to impose tariffs on all European steel and aluminum imports to the U.S.

Money Trump praised the prospects of a trade war with China
Author: 0 Trump praised the prospects of a trade war with China

Firms with at least 25% Chinese ownership would be barred from buying companies that are involved in technology that the White House considers important, according to a person familiar with the plans who spoke to CNN. The administration is still debating some aspects of the new investment restrictions that are set to be announced on Friday, a government official said.

Money Erdogan secures sweeping executive powers
Author: 0 Erdogan secures sweeping executive powers

Since Recep Tayyip Erdogan first became prime minister in 2003, the lira has lost 65% of its value against the U.S. dollar. The main rival of President Recep Tayyip Erdogan in a weekend presidential election said Monday he accepted results handing victory to the Turkish strongman in the first round.

Money Erdogan declares victory in historic Turkish elections
Author: 0 Erdogan declares victory in historic Turkish elections

He is now leading in the polls with 56 percent of the vote. Recep Tayyip Erdogan , who has dominated Turkish politics for the past 15 years, was set on Monday to extend his rule with sweeping new powers after winning landmark presidential and parliamentary elections.

Money Trump warns Harley-Davidson: 'We won't forget'
Author: 0 Trump warns Harley-Davidson: 'We won't forget'

It forecast that the trading bloc's tariffs - introduced as a counter to Trump's tariffs on some EU-produced metals - would cost the company $90-100m a year. Trump himself once said, "Harley-Davidson is a true American icon, one of the greats". Trump's current attacks came after Harley announced on Monday that the company would shift some of its production outside of the U.S.

Author: 0 U.S. Treasury's Mnuchin says new investment curbs not specific to China

Trump has threatened to strike back against China's retaliation to the U.S. tariffs that are due to take effect July 6 - potentially escalating the tariffs to $450 billion in Chinese goods. It added that Treasury Secretary Steven Mnuchin is expected to push for the plan in a report set for release on Friday. Investors said Navarro's comments were somewhat reassuring but still left uncertainty about trade relations.

Money Turkey Elections: Erdogan declares victory, says no walking back on progress
Author: 0 Turkey Elections: Erdogan declares victory, says no walking back on progress

The head of Turkey's electoral board says 99.91 percent of the ballots cast in Sunday's dual presidential and parliamentary elections have been "processed" so far. "Hence, Erdogan is set for five more years with a new executive presidency and a simple majority in hand". Erdogan counters that view, saying "Turkey is staging a democratic revolution".

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