Money

Money Trump threatens tariffs on all US$505 billion of Chinese imports
Author: 0 Trump threatens tariffs on all US$505 billion of Chinese imports

The US imported $505 billion worth of goods from China in 2017, according to Census Bureau data. In an interview with CNBC , soybean farmer Bill Beam says that the price of soy futures has plummeted by 15 percent ever since China announced retaliatory tariffs against US soy farmers earlier this year - and it's really cutting into his ability to make a living.

Money Fiat Chrysler chooses Jeep exec Mike Manley to replace ailing CEO Marchionne
Author: 0 Fiat Chrysler chooses Jeep exec Mike Manley to replace ailing CEO Marchionne

Ferrari's board has named John Elkann as a new chairman, and will propose to shareholders that Louis C Camilleri be named CEO. "Marchionne will be unable to return to work". As a effect, Mr. Marchionne will be unable to return to work. The La Stampa daily, the hometown newspaper of Fiat's headquarters city, Turin, where the boards were summoned to separate meetings, said the huddles were called to discuss who would succeed Marchionne.

Money Gold slips to 1-year low as USA dollar firms
Author: 0 Gold slips to 1-year low as USA dollar firms

Powell again tried to avoid criticizing President Donald Trump's get-tough policies while endorsing free trade. Powell is appearing before Congress for the second day to deliver the Fed's mid-year report on the economy and monetary policy.

Money GST rates slashed on 50 items..
Author: 0 GST rates slashed on 50 items..

Previously, the sanitary pads were kept under the 12 per cent Goods and Services Tax (GST) slab. Addressing a presser, Goyal said, "After careful considerations and discussion with the state finance ministers, we (the GST Council) have chose to implement these changes for the welfare of the middle classes and small businesses and traders".

Money Indian parliament to debate no-trust motion against Modi's government
Author: 0 Indian parliament to debate no-trust motion against Modi's government

The villagers also said that earlier they were cut off from the country as there was no television and that the scheme has made their lives better. Under Saubhagya, free electricity connections to all households (both APL and poor families) will be provided in rural areas and poor families in urban areas.

Money Big crude oil margins should boost U.S. refiner earnings
Author: 0 Big crude oil margins should boost U.S. refiner earnings

Saudi Arabia's governor to the Organization. Even higher USA production was likely, Rystad Energy said. US crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending July 13, which was 413,000 barrels per day less than the previous week's average.

Author: 0 Trump escalates his war with the Fed

But rate increases also make borrowing costlier for households and companies and can weaken the pace of growth. The Fed has hiked interest rates twice this year and could jack the rate up twice more before year's end. "I want them to do well", the United States president said of China . Nixon's attempts to influence provide a flawless example of why defenders of Fed independence are so fervent in their belief that politicians should not attempt to tamper with monetary policy, but there ...

Money Microsoft beats 4Q expectations as annual revenue tops $100 billion
Author: 0 Microsoft beats 4Q expectations as annual revenue tops $100 billion

Microsoft has shifted its focus in recent years from developing software for consumers to providing services for businesses, such as cloud computing and social networking for professionals. Intelligent Cloud revenue was up 23 percent to $9.6 billion, powered by 89 percent annual revenue growth from Azure . Intelligent Cloud revenues were $9.6bn, up 20 per cent.

Author: 0 Trump says 'not thrilled' about interest rate hikes

For years presidents have avoided commenting on the Fed, which markets broadly trust to act in service of its dual objective - maintaining maximum inflation and stable prices - rather than a political aim. This is not the first time Trump has targeted the Fed. "Even if the remaining nominee were a 'like-minded low interest rate guy, ' that person would be but one out of a Committee of 12".

Money United Kingdom inflation remains at 2.4%
Author: 0 United Kingdom inflation remains at 2.4%

Petroleum prices climbed by 2.7 pence per liter to 128 pence and the cost of diesel advanced by 2.9 pence to 132.1 pence, both the highest since September 2014. The CPIH, produced each month by the Office for National Statistics , is adjusted to include a measure of the costs associated with owning, maintaining and living in one's own home.

Money Google finds friend in Trump amid European Union battle
Author: 0 Google finds friend in Trump amid European Union battle

Google will account for a third of all global mobile ads in 2018, according to research firm eMarketer, giving the company around $40 billion in sales outside the U.S. Google's plan for Fuchsia OS is very clear, they want an operating system that can replace Android, a single OS that can be found in smartphones, tablets, computers and smart devices.

Money Boris believes there is still time to negotiate a 'great' Brexit deal
Author: 0 Boris believes there is still time to negotiate a 'great' Brexit deal

Johnson quit ten days ago in protest of May's plan for leaving the European Union. He argued that the problem was not that Britain had failed to make the case to Brussels for an ambitious free trade deal, but "we haven't even tried". But May admitted that some aspects of the customs arrangements plan she has devised might not be ready by the end of 2020. "Failure to keep our promise to the electorate will nearly certainly lead to the catastrophe of Jeremy Corbyn becoming prime ...

Money Farnborough Airshow: DHL signs deal for 14 Boeing 777 jets
Author: 0 Farnborough Airshow: DHL signs deal for 14 Boeing 777 jets

As the Prime Minister opened Farnborough International Airshow in Hampshire, she stressed the importance of a "business friendly customs model". The Farnborough Airshow has kicked off in Farnborough, England. But he declined to be drawn into commenting on USA trade policy, saying: "We are going to focus on what we can control". Farnborough will also be an opportunity for aerospace firms to plot next moves on civil and defense for decades to come.

Money Theresa May survives another crucial Brexit vote, but only just
Author: 0 Theresa May survives another crucial Brexit vote, but only just

Their mutiny came 24 hours after Mrs May caved in to hardline Tory Eurosceptics to back an amendment which critics says effectively kills off her compromise Brexit Chequers plan. Another hard-Brexit amendment-to ensure the United Kingdom would not be part of the EU's Value-Added Tax regime post-Brexit-was backed by 303 to 300, with a Tory rebellion of 11.

Money Tesla investors tell Elon Musk to apologize for 'pedo' Twitter remarks
Author: 0 Tesla investors tell Elon Musk to apologize for 'pedo' Twitter remarks

Musk personally visited Thailand to deliver the sub, but numerous boys had already been rescued by the time he arrived, and Unsworth , who lives in Thailand and has spent years exploring the Tham Luang cave system where the boys were trapped, called Musk's actions a " PR stunt " and said the sub had "absolutely no chance of working ".

Money Netflix shares fall 14% after it misses subscriber, revenue expectations
Author: 0 Netflix shares fall 14% after it misses subscriber, revenue expectations

Two of its originals - "Set It Up", starring Lucy Liu and Taye Diggs, and "The Kissing Booth" - have been "watched and loved by tens of millions of Netflix members", said the company, which is usually reticent to share viewership data. Earnings per share came in at 85 cents, beating the 79 cents predicted by analysts surveyed by Thomson Reuters I/B/E/S. Total revenue for the period was $3.91bn (£2.9bn), at a yearly growth of 40.3 per cent.

Money Greek Court Approves French Request To Extradite Russian
Author: 0 Greek Court Approves French Request To Extradite Russian

The Kremlin accused Washington on Friday (13 July) of being behind the Greek government's decision to expel two Russian diplomats who had allegedly tried to derail a deal resolving Greece's name dispute with neighbouring Macedonia . Greece had been opposed to Macedonia's joining both the alliance and the European Union before the country changed its name for fear it might raise territorial claims on the historical Greek region of the same name.

Money Murdoch has next move in Sky fight after $34 billion Comcast bid
Author: 0 Murdoch has next move in Sky fight after $34 billion Comcast bid

Though Disney has the edge - with a US$71.3 billion ($105.4b) deal for the Fox properties that's already been approved by United States regulators - Comcast can still counterbid. They also estimate FTSE 100 company Sky will shell out as much as £96 million to its own bankers, lawyers, accountants, and PR advisers. Its offer represents an 82 percent premium to Sky's shares in 2016 before the takeover drama started, and a multiple of 21 times 2017 earnings per share.

Money United States ban on China's ZTE lifted
Author: 0 United States ban on China's ZTE lifted

Additionally, Representative Mac Thornberry, the chairman of the House Armed Services Committee, has said he does not want passage of the NDAA to be held up by the ZTE amendment , or anything that is not strictly a defence issue. As you prepare the Conference Report, we therefore urge you to retain-and further strengthen-Section 6702 of the Senate-passed FY 2019 NDAA, which would not only reinstate the April 2018 penalties against ZTE and prohibit the modification of any penalties against a ...

Money Elon Musk Labels Diver Who Mocked His 'Submarine' A 'Pedo Guy'
Author: 0 Elon Musk Labels Diver Who Mocked His 'Submarine' A 'Pedo Guy'

Secondly, nearly everyone is in agreement that he went way overboard with the remark accusing Unsworth of being a pedophile just because he doesn't like what the man said , as can be seen in the replies to his tweet . When challenged by a Twitter user about the allegation levelled against Unsworth, Musk replied "Bet ya a signed dollar it's true". He wrote: "We will make [a video] of the mini-sub/pod going all the way to Cave 5 no problemo".

Money Billionaire Elon Musk calls Thai rescuer a 'pedo'
Author: 0 Billionaire Elon Musk calls Thai rescuer a 'pedo'

Tech billionaire Elon Musk has sparked furious outrage after he called one of the hero divers involved in the Thai rescue a "pedo" in a now deleted tweet . 'Only people in sight were the Thai navy/army guys, who were great. "Never saw this British expat guy who lives in Thailand (sus) at any point when we were in the caves" he wrote.

Money 5 things to know about Tesla's China plans
Author: 0 5 things to know about Tesla's China plans

The carmaker's stock rose 1.2 per cent Tuesday in NY trading. According to the Shanghai government, this will be the largest foreign-invested manufacturing project in the city's history, although detailed investment was not revealed. China's fast-growing market for new-energy vehicles presents a massive growth opportunity for Tesla. It is expected to serve as a research, manufacturing and sales center.

Money McDonald's removing salads from 3,000 stores after illness
Author: 0 McDonald's removing salads from 3,000 stores after illness

Iowa health officials are warning anyone who ate a McDonald's salad since mid-June and has symptoms to get tested for the illness. The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention , along with state and local officials, are investigating a multi-state outbreak of Cyclospora infections.

Money Build-A-Bear pulls 'pay your age' promotion due to
Author: 0 Build-A-Bear pulls 'pay your age' promotion due to "safety concerns"

However Build-a-Bear have now been forced to pull the plug on the special event due to safety concerns . This was the scene outside a Vancouver Build-A-Bear location on July 12, 2018 during the Pay Your Age promotion . A woman named Rebecca wrote WFAA Thursday morning from a Garland shopping center calling the Build-A-Bear lines a "happy, hot chaos". In Toledo's Franklin Park Mall and nationwide, lines wrapped around other stores and resulted in wait times that lasted several hours.

Money Trump DOJ appealing judge's OK of AT&T-Time Warner merger
Author: 0 Trump DOJ appealing judge's OK of AT&T-Time Warner merger

The Justice Department sued to block the deal in November 2017, alleging that the combination would allow AT&T, the largest pay-TV provider in the country, to use Time Warner's stable of popular entertainment offerings to suppress competitors.

Money First pictures emerge of Thai teens rescued from flooded cave
Author: 0 First pictures emerge of Thai teens rescued from flooded cave

Thailand's Navy, whose SEAL unit led the rescue , and the Thai government have selected Ivanhoe Pictures to develop a film that would be directed by John M Chu, the president of Ivanhoe Pictures, John Penotti, said in a statement. After garnering headlines with initial ideas of installing a giant air tube inside the cave complex and using his firm's penetrating radar to dig holes to reach the boys, Musk's latest concept is the pod.

Money Oil prices rise as looming Norway strike adds to disruptions
Author: 0 Oil prices rise as looming Norway strike adds to disruptions

India may raise its US oil imports, but it would hardly be able to replace all the American oil that a Chinese tariff could possibly cut off. "The scope of today's sell-off is unequivocally a speculative washout", said Saucer. While it's "very unlikely" that the United States will be successful in curbing Iranian exports to zero, the more aggressive threat of sanctions is expected to force about 800,000 to one million barrels a day of the producer's crude off the market by November, Ehsan ...

Money Loss of Greyhound will impact patient transportation and Thompson city transit
Author: 0 Loss of Greyhound will impact patient transportation and Thompson city transit

Only Ontario and Quebec will keep their routes when the cancellations go into effect at the end of October, and the US division will still operate the Seattle-to-Vancouver route. Greyhound spokesperson Wendy Cummings said the company takes the safety of Indigenous women and girls "very seriously". Kasper Transportation- Kasper Wabinski, founder of Kasper Transportation , has said to the CBC that his company is looking to fill the void in Northern Ontario and Manitoba.

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