Markets

by | July 06, 2018 | 13:55

Trump had enraged Canada and other United States allies by declaring imported steel and aluminium a threat to America's national security and therefore a legitimate target for U.S. Ottawa Mayor Jim Watson, federal NDP Leader Jagmeet Singh and interim Ontario Liberal leader John Fraser are among those giving the event a pass, citing trade tensions and ongoing concerns with the administration of U.S.

by | July 06, 2018 | 12:46

The Chinese government previously said that it will impose tariffs of equal size on U.S. goods as retaliation and reiterated that retaliation would come soon. White House trade officials say the current strength of the U.S. economy means Washington can withstand more pain than its rivals if the battle escalates further.

by | July 06, 2018 | 11:58

Speculation was rife China's central bank was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan, while stocks came off a searing sell-off in the morning. The mood was more cheerful in Europe where a pan-European equity index rose half a per cent, the euro firmed marginally and bond yields rose after German Chancellor Angela Merkel struck the deal with her Bavarian conservative coalition partners.

by | July 05, 2018 | 20:53

West Texas Intermediate crude for August delivery rose 20 cents to settle at US$74.14 a barrel on the New York Mercantile Exchange, after earlier rising to as high as US$75.27. OPEC reached an agreement in June to increase output, but this did little to stop the rise in oil prices. Investors had questions as "to whether Saudi Arabia and Russian Federation could or would really be able to ramp production quickly enough", said Rob Haworth, who helps oversee US$151 billion at U.S.

by | July 05, 2018 | 16:13

While the price of the global benchmark Brent crude has risen by 7.5 percent to $77.9 bpd since the mid-June bottom, the price of the North American benchmark WTI has risen by 16 percent and now at $73.8 per barrel. Iran possesses the second-largest gas reserves on the planet after Russian Federation and the fourth-largest oil supply, while Saudi Arabia is the world's biggest oil exporter.

by | July 05, 2018 | 15:08

Now, Axios has obtained a leaked draft of a bill that is created to do just that, called the " United States Fair and Reciprocal Tariff Act ". American consumers pay for tariffs. "They have to treat us fairly", Trump said Friday about the WTO. Axios reports that under the bill the USA would elect to abandon the " Most Favored Nation" (MFN) principle, which says countries are not allowed to set different tariff rates for different countries outside of free trade agreements.

by | July 05, 2018 | 11:57

European Commission spokesman Margaritis Schinas said the USA investigation into the possibility of auto tariffs "lacks legitimacy, factual basis and violates global trade rules", like last month's US tariffs on steel and aluminum imports.

by | July 05, 2018 | 08:41

Gao noted that most of those exports are actually made by USA and worldwide companies in China. A statement issued by China's State Council on June 16 said that retaliatory extra duties on US$34 billion of USA imports are set to take effect on July 6.

by | July 04, 2018 | 21:45

Trump has repeatedly suggested Canada was profiting from USA trade, and his blistering comments after the G7 meeting drove bilateral relations to their lowest point in decades. That's about 86 percent of all U.S. global aluminum door and window exports, according to statistics from the U.S. Department of Commerce's International Trade Administration (ITA).

by | July 04, 2018 | 21:22

With this new possiblity coming to light, more news involving Hyundai and FCA could still keep blips on the industry's radar. He anticipates a decline, and once that happens, the sources say the Hyundai CEO will pull the trigger on a takeover bid , which is slated to happen sometime before FCA's annual shareholders' meeting in the spring of next year when FCA CEO Sergio Marchionne is expected to step down.

by | July 04, 2018 | 18:29

Trump has levied tariffs on billions of dollars worth of steel and aluminum imports from China , the European Union , Canada , and others in what he says is an effort to even the playing field and offset "unfair trade practices". The European Commission reportedly sent a letter to the United States threatening to hit $US300 billion of American goods with tariffs. "General Motors and Toyota were unusually vocal about the impact on the threatened tariffs", Michelle Krebs, executive ...

by | July 04, 2018 | 18:13

President Donald Trump has been reworking the massive trade deal with partner countries Canada and Mexico, as part of his promise to ensure that trade prioritizes domestic workers. The Nieto government started to pursue a more aggressive immigration policy at Washington's command. A majority of Mexicans seem to have exhausted of being "America's backyard".

by | July 04, 2018 | 17:38

Trump said in a tweet on Saturday that Saudi Arabia's King Salman bin Abdulaziz Al Saud had agreed to produce more oil. "And I have a very good relationship with the (Saudi) king and with the crown prince of Saudi Arabia and with the others around and they are going to have to put out more oil".

by | July 04, 2018 | 17:35

Walmart has certainly done enough to deserve a boycott, including paying their employees poverty wages and destroying downtowns, but it's not the libs who were triggered into hashtag activism today. And people say activism doesn't change anything. America's favorite discount store, Walmart, landed in the middle of politically-fueled boycotts Monday when the company began selling Impeach 45 t-shirts .

by | July 04, 2018 | 17:27

The United States has "a big disadvantage with the WTO. The request was circulated to WTO members on 2 July", the press service said. The EU and China said on Friday (1 June) they would expand trade and investment cooperation amid the global trade dispute triggered by USA tariffs.

by | July 04, 2018 | 13:20

Merkel, who has been in power for 13 years, is suddenly reversing her immigration policy in the hopes of keeping her government together, according to new reports . But it was Seehofer's latest project that shattered relations with Merkel, a 63-point "migration master plan" that is yet to be released to the public.

by | July 03, 2018 | 20:21

Lyft's move follows that of Uber, which recently acquired the electric bike startup Jump to allow users of its mobile app to use two-wheelers instead of cars, and comes amid growing interest in dockless bikes, which can be rented and dropped off anywhere.

by | July 03, 2018 | 18:55

Brussels delivered the threat amid growing fears of an escalating trade war, as the USA president targets the bloc and others, including China, as part of a campaign to protect United States jobs. "China now feels it can try to split off the European Union in so many areas, on trade, on human rights", the official said. But he lifted the exemptions the same week he met with Group of Seven leaders in Quebec last month.

by | July 03, 2018 | 18:53

European carmakers produce 3 million cars in the United States, with 60 percent exported, thus improving America's balance of payments. The U.S. Chamber of Commerce-the nation's largest business group and one of the GOP's staunchest allies-is launching a campaign on Monday to oppose Trump's trade tariff policies.

by | July 03, 2018 | 18:56

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. The NT$2.45 billion sales in May was also down 46 percent from a year earlier. It's important to note that the 1500 affected staff are not from team that went over to Google to work on the latter's Pixel smartphones, as part of the US$1.1 billion (~RM4.05 billion) deal that the two companies agreed to past year.