Money

Money United Kingdom government releases long-awaited and already derided Brexit plan
Author: 0 United Kingdom government releases long-awaited and already derided Brexit plan

Former Conservative party leader Iain Duncan Smith said he had "deep misgivings" about the white paper; veteran Brexit hardliner Bill Cash declared himself "deeply anxious;" and Andrew Bridgen, who has already sent a letter expressing no confidence in May to party authorities, said he "and many colleagues" had "grave concerns" about the path the government is now on, Politico reported .

Money Fox kicks off Comcast bidding war with £24.5bn Sky bid
Author: 0 Fox kicks off Comcast bidding war with £24.5bn Sky bid

Fox first went after the 61% of Sky it doesn't already own in December 2016, offering £10.75 per share, but was held up over concerns that the tie-up would give Murdoch too much influence over Britain's media. Both Fox and Disney have scheduled special shareholder meetings for July 27 in NY to approve the cash-and-stock deal to sell $71 billion in Fox assets to Disney .

Money Listeria: Woolworths recalls 'food product'
Author: 0 Listeria: Woolworths recalls 'food product'

Woolworths has recalled all Woolworths Frozen Savoury Rice Mix products amidst fears of Listeria ... Listeria is a bacteria, fully named listeria monocytogenes , which causes an illness named listeriosis. This after an ST6 strain of listeria was found at an Enterprise Foods facility in Polokwane. In pregnant women, listeria can lead to miscarriage, infection of the newborn, or stillbirth.

Money U.S. may list tariffs on $200 billion more Chinese products
Author: 0 U.S. may list tariffs on $200 billion more Chinese products

It also noted that the profits from reciprocal tariffs will mainly be used to minimize the damage to Chinese enterprises and their employees. The Trump administration announced plans to levy tariffs on another $200 billion of Chinese goods as trade tensions escalate.

Author: 0 Jobs Numbers: U.S. Adds 213,000 in June 2018

Wages continued their modest rise, increasing 2.7 percent from the year before. At more than 1.141 million people employed in the industry in June, the legal jobs figures edged outside of a range that has prevailed since December 2016. Satyam Panday of S&P Global Ratings, says that considering the economic momentum, there are chances of steady labor force participation as well as a reduced unemployment rate come the second half of 2018.

Money The unintended consequences of Trump’s trade war with China
Author: 0 The unintended consequences of Trump’s trade war with China

Li Daxiao, analyst at Yingda Securities, said news of the tariffs was already priced into the market, "therefore investors are not in as much of a panic as before". However, if the other side provokes a trade war by imposing additional tariffs, China will definitely take countermeasures. Washington has strained relations with potential allies in its dispute with Beijing by raising import duties on steel , aluminum and autos from Europe, Canada , Mexico and Japan.

Money Oil mixed as USA crude stockpiles show surprise build
Author: 0 Oil mixed as USA crude stockpiles show surprise build

US crude oil exports fell by 664,000 barrels a day last week and USA production remained flat again at 10.9 million barrels. U.S. West Texas Intermediate (WTI) crude futures were down 45 cents, or 0.6%, at $73.69 per barrel. The White House said Saturday that Saudi Arabia's King Salman bin Abdulaziz Al Saud agreed to raise output after the Trump administration ordered all countries to stop buying oil from the Islamic Republic by November or face United States sanctions, as part of ...

Money Micron says has not received Chinese injunction on chip sales
Author: 0 Micron says has not received Chinese injunction on chip sales

On Monday, the USA moved to block China Mobile, the world's largest mobile phone service provider, from entering the United States market, citing national security grounds. It also resells flash memory products purchased from other suppliers. Others believe the ban will be short-lived. The ban applies to its subsidiaries Micron Semiconductor (Xi'an) Co Ltd and Micron Semiconductor (Shanghai) Co Ltd.

Author: 0 USA jobs growth stronger than expected

June also saw more people joining the workforce, meaning more people either had a job or started looking for jobs. How could an increase in the jobless rate be good news? The big story in Friday's report , however, was the increase in labor force participation, which rose from 62.7% in May to 62.9% in June.

Money U.S. tariffs take effect; China announces retaliation
Author: 0 U.S. tariffs take effect; China announces retaliation

President Donald Trump goes ahead Friday with plans to raise duties on $34 billion of Chinese goods in the escalating conflict over technology policy. China still has outstanding sales of about 771,000 tons of USA soybeans in the 2017-2018 marketing year and 1.39 million tons in the following season, USDA records show.

Money Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says
Author: 0 Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says

Oil slid after a government report showed a surprise increase in US crude stockpiles. The U.S. will not allow those who buy oil from Iran to do business in America without penalty. The 15 member states are Iran, Iraq, Saudi Arabia, Venezuela , the UAE, Qatar, Nigeria, Libya , Kuwait, Gabon, Equatorial Guinea, Ecuador, Congo, Angola and Algeria.

Money Trade war erupts as China fights back against USA tariffs
Author: 0 Trade war erupts as China fights back against USA tariffs

As the world's most developed nation and the rule-maker of the current global governing system, there is "astounding absurdity" in the U.S. complaining that it's been bullied in trade, the People's Daily , the flagship newspaper of the Communist Party of China, said in a Chinese-language commentary on Friday.

Money Stocks mixed as investors keep eyes on US-China tensions
Author: 0 Stocks mixed as investors keep eyes on US-China tensions

Global stocks were mixed Thursday as investors digested assurances from the US and China on trade, after a series of exchanges between the two resulted in widespread uncertainty. A row over migration among the governing coalition partners in Germany would also limit gains for the single currency . That also contributed to pushing euro zone yields lower DE10YT=RR , with German yields edging toward one-month lows.

Money Iran vice president says private sector to buy, export oil
Author: 0 Iran vice president says private sector to buy, export oil

Republican presidents, especially George H.W. Bush and his son, used diplomatic channels with Saudi Arabia, the world's biggest exporter which pumps nearly one-third of OPEC's output. This was happening before the 1990 war and continued to the 2003 Iraq war. "With the oversupply fears still lingering in the background, rising production from OPEC+1 and U.S.

Money EU warns Trump that raised car import tariffs would hurt US
Author: 0 EU warns Trump that raised car import tariffs would hurt US

The US tariff on Chinese goods is threatening jobs at the Moog synthesiser company. Using a state-by-state analysis , it argues Trump is risking a global trade war that will hit the wallets of USA consumers. Lawn mowers, steel products, iron products are among South Carolina's hardest-hit exports. Retaliatory tariffs would cost billions and kill thousands of jobs.

Money NTIA blocks China Mobile's bid for United States presence
Author: 0 NTIA blocks China Mobile's bid for United States presence

The advisory body, the National Telecommunications and Information Administration , is part of the Department of Commerce. The Trump administration moved against letting China Mobile Ltd. Neither China Mobile nor the FCC were immediately available for comment on what their next steps would be. The company had 901.9 million mobile subscribers, 671.8 million of which are on its 4G network, as of May 31.

Money China says it won’t fire ‘first shot’ in trade standoff with US
Author: 0 China says it won’t fire ‘first shot’ in trade standoff with US

Washington is due to start charging tariffs on $34 billion in Chinese imports as of Friday while Beijing has pledged to retaliate with equal tariffs on $34 billion in USA goods. "As terrorist attacks, political violence (including demonstrations), criminal activities, and other security incidents often take place without any warning, US citizens are strongly encouraged to maintain a high level of vigilance and practice good situational awareness when traveling overseas", it said.

Money Chinese tycoon dies in freak holiday fall in France
Author: 0 Chinese tycoon dies in freak holiday fall in France

The New York Times has this quote from local police: "He wanted to have his picture taken by someone in his group", and after climbing onto a low wall "he fell backwards, 10 to 15 meters further below". The seller cited cashflow problems at HNA as a factor. Wang's death appeared to be accidental lieutenant-colonel Hubert Meriaux at the Vaucluse gendarmerie told Reuters.

Author: 0 If WTO Doesn't Treat US 'Properly, We Will Be Doing Something'

After Axios obtained a draft of a Trump administration plan to ignore tariff rules imposed by the World Trade Organization, Twitter uses noticed something interesting with the proposed bill's shorthand name. Journalists delighted in the name, while others suggested it could be a subtle act of rebellion from a disillusioned staff member. It would also allow "reciprocal tariffs", so Trump could impose USA tariffs on particular goods equal to the tariff charged on US exports of those goods ...

Money Mexico's AMLO Calls Trump 'Erratic and Arrogant'
Author: 0 Mexico's AMLO Calls Trump 'Erratic and Arrogant'

He worked for the state's Indigenous Affairs Bureau in the 1970s, and began his political career by joining the Institutional Revolutionary Party (PRI) and became the Tabasco state president for the party. "The exchange rate appreciated after Meade declared himself a loser, which in some way gives the market peace of mind that there will be no confrontation between the different candidates", said Gabriela Siller, an economist at Mexican bank BASE.

Money Walmart's impeach Trump clothing draws social media outrage
Author: 0 Walmart's impeach Trump clothing draws social media outrage

The company has been selling apparel from the third-party vendor Old Glory that contains the phrase, which refers to 45th President Donald Trump . It's not the first time Walmart has caused a stir. "We removed it as soon as it was brought to our attention, and are conducting a thorough review of the seller's assortment".

Author: 0 2018 budget in danger as Saudi Arabia pump 2m more barrels

The Kingdom, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. In a tweet on Saturday, Trump said the extra Saudi oil would help offset a decline in supply from Iran, after the United States pulled out of the Iran nuclear deal in May and moved to reimpose oil sanctions.

Money Dutch PM Rutte interrupts Trump over trade deal claims
Author: 0 Dutch PM Rutte interrupts Trump over trade deal claims

Those measures have drawn retaliatory tariffs on billions of dollars of USA exports from major trading partners including China , the European Union , Canada and Mexico. The number of exports that could be hit by retaliatory tariffs among the 10 most vulnerable states ranges from $1.7 billion in Pennsylvania to $6.2 billion in Washington .

Author: 0 Leftist Lopez Obrador claims landslide victory in Mexico presidential race

Mexico's Andres Manuel Lopez Obrador is on the cusp of winning the presidency after the second of his two main rivals conceded defeat ahead of official results. O'Grady said on "The Daily Briefing with Dana Perino" that she doesn't see Lopez Obrador's policies leading to dramatic improvements in the country.

Money Taiwan smartphone maker HTC to lay off 1,500 workers
Author: 0 Taiwan smartphone maker HTC to lay off 1,500 workers

The latest "reorganization and optimization" effort of the company's feeble finances should be completed by September, at which point HTC will have less than 5,000 people left on the payroll. These layoffs are in addition to to earlier layoffs at the company's USA offices as part of part of a restructuring that combined its smartphone and VR divisions.

Author: 0 Moog Post Appeal To Save Jobs After 25% Trade Tariff Announced

The Trump administration today persisted in defending its burgeoning, multi-front trade war , with Commerce Secretary Wilbur Ross saying the world's largest economy was robust enough to face the economic blowback. The U.S. Chamber of Commerce, usually a staunch ally of the Republican party, is launching a campaign against President Donald Trump's recent trade tariff policies, Reuters reported Monday.

Author: 0 Dutch PM Tells Trump 'No!' and That He Is Wrong on Trade

The Dutch prime minister, Mark Rutte , disagreed with the United States president, Donald Trump , in a White House photo-op on Monday. During the meeting with Rutte, Trump said he was "very close" to reaching a number of trade deals, describing them as "fair trade deals for our taxpayers, and for our workers and for our farmers".

Money Amazon Prime extends service to include beer, wine
Author: 0 Amazon Prime extends service to include beer, wine

Australians will now be able to join the 100 million Amazon paid members around the world. After ordering at least three and up to eight items, members have seven days to decide whether to keep their selections or send them back in the provided resealable box using a prepaid label - at no charge.

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