OPEC chief: Cartel must stay together as United States sanctions Iran

US West Texas Intermediate ( WTI ) crude was up 83 cents at $69.74 per barrel, after rising over $1 to $69.95. The countries are the world's two largest economies. A committee of OPEC members and other producers is to meet on September 23 in Algi... More..

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Trump slaps fresh tariffs on $200B of Chinese goods
by | Tuesday, September 18, 2018

Trump slaps fresh tariffs on $200B of Chinese goods

Collection of tariffs on the long-anticipated list will start 24 September but the rate will increase to 25% by the end of 2018, allowing USA companies some time to adjust their supply chains to alternate count...More..

Police investigating after needles found in Australian strawberries
by | Monday, September 17, 2018

Police investigating after needles found in Australian strawberries

The woman who found the needles took to Facebook to alert others and urge people to check their strawberries or throw them out. Hoani Hearne, 21, was rushed to the hospital Sunday with "severe abdominal pai...More..

Amazon founder Bezos announces $2B charitable fund
by | Friday, September 14, 2018

Amazon founder Bezos announces $2B charitable fund

The initiative will be called the Bezos Day One Fund, borrowing from Amazon's corporate mantra to approach tasks with the initiative of a startup's first day. But it's really risky to demonize the media. It is ...More..

Fuel prices rise again, petrol nears Rs 90 in Mumbai
by | Tuesday, September 11, 2018

Fuel prices rise again, petrol nears Rs 90 in Mumbai

In Hyderabad , petrol costs Rs 85.75 and diesel Rs 79.37. The percentage increase was 20.5. Similarly, it has also shared the increase in diesel prices and the percentage hike in 2004, 2009, 2014 and 2018 re...More..

British Airways apologises after data breach
by | Monday, September 10, 2018

British Airways apologises after data breach

BA said it is in the process of contacting all affected customers. The data watchdog has said it would be making inquiries into the incident. The cybercriminals stole customer data British Airways website...More..

Is Goldman Sachs out of the cryptocurrency trading desk idea?
by | Saturday, September 08, 2018

Is Goldman Sachs out of the cryptocurrency trading desk idea?

Unfortunately, investors long on Bitcoin were, on Wednesday, shocked when Bitcoin prices sharply dropped by over United States dollars 300 in a matter of minutes. The overall market has lost around 18% of i...More..

China's richest man Jack Ma to stand down from Alibaba
by | Saturday, September 08, 2018

China's richest man Jack Ma to stand down from Alibaba

It's not clear exactly when Ma will leave Alibaba . Jack Ma , The co-founder and chairman of Alibaba plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused o...More..

Amazon reaches $1 trillion mark, but that's just the start
by | Wednesday, September 05, 2018

Amazon reaches $1 trillion mark, but that's just the start

As of writing, Amazon's market cap is sitting pretty at $994.75 billion; it's nearly a certainty that the company's valuation will top $1 trillion again relatively soon. In the second quarter the unit account...More..

Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA
by | Wednesday, September 05, 2018

Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA

No Republicans were running, so only a write-in campaign in November could possibly stand between her and Washington. Capuano said in his concession speech that "clearly the district wanted a lot of change"...More..

Yashwant Sinha Slams Government For Hike In Prices Of Petrol, Diesel
by | Tuesday, September 04, 2018

Yashwant Sinha Slams Government For Hike In Prices Of Petrol, Diesel

On that day, the rate in Mumbai was Rs 86.24 per litre. According to South African Petroleum Industry Association, the petrol retail price is regulated by the government. " OPEC (Organisation of the Petr...More..

China-Africa summit: Xi denies money being spent on vanity projects
by | Monday, September 03, 2018

China-Africa summit: Xi denies money being spent on vanity projects

All but six of the over 40 African leaders and heads of state and government attended the 3rd Summit chaired by the Communist leader Xi Jinping to definitely tighten China's grip over Africa and to deepen A...More..

President Trump's leaked 'off-record' comments complicate trade deal with Canada
by | Monday, September 03, 2018

President Trump's leaked 'off-record' comments complicate trade deal with Canada

The U.S. wants it out of the deal, but Canada says it must be included. "If we don't make a fair deal for the USA after decades of abuse, Canada will be out", he wrote. After all, the mutual lifting of trade ...More..

This life-size, drivable Bugatti is made out of 1 million Legos
by | Saturday, September 01, 2018

This life-size, drivable Bugatti is made out of 1 million Legos

Overall, 339 types of Lego Technic pieces have gone into it and there's not a single drop of glue holding the vehicle together, we're being told by Bugatti. Lego said in the Thursday announcement that th...More..

Mexico made ‘significant concessions’ in NAFTA deal with U.S: Chrystia Freeland
by | Saturday, September 01, 2018

Mexico made ‘significant concessions’ in NAFTA deal with U.S: Chrystia Freeland

Foreign Affairs Minister Chrystia Freeland, emerging Wednesday evening from her second meeting of the day with her USA counterpart, said officials would be working late into the night - and possibly all night...More..

Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola
by | Friday, August 31, 2018

Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola

Coca-Cola Co has agreed to buy the world's second largest coffee chain Costa from Britain's Whitbread Plc for an enterprise value of 3.9 billion pounds ($5.1 billion), opening a new front in its push away ...More..

Over 99 per cent of demonetised notes back with RBI
by | Thursday, August 30, 2018

Over 99 per cent of demonetised notes back with RBI

The bad hangover sustained for months as businesses were hit and lakhs of people lost jobs, while 104 people died standing in long queues struggling to get their old currency exchanged or deposited. At a pres...More..

Tesla reportedly got buyout interest from Volkswagen
by | Tuesday, August 28, 2018

Tesla reportedly got buyout interest from Volkswagen

Tesla investors are likely to suffer a lengthy hangover from Elon Musk's aborted offer to take the company private, Wall Street has warned. The bold tweet sent Tesla's stock skywards but it also drew intens...More..

US, Mexico reach new trade agreement
by | Monday, August 27, 2018

US, Mexico reach new trade agreement

Trump told reporters in July that he had a 30-minute phone call with Lopez Obrador, who assumes office on December 1, about trade, border security and a potential U.S. By definition, we buy more from them tha...More..

Oil prices rise for second day, buoyed by fall in U.S. inventories
by | Sunday, August 26, 2018

Oil prices rise for second day, buoyed by fall in U.S. inventories

The actual report was a build rather than a draw due to higher than normal crude oil inputs to the refineries. US crude rose more than 4 percent on the week, after seven consecutive declines, and Brent rose...More..

Cohen's Lawyer: Cohen 'Would Not Accept' Trump Pardon
by | Friday, August 24, 2018

Cohen's Lawyer: Cohen 'Would Not Accept' Trump Pardon

Facing a growing threat to his presidency, President Donald Trump lashed at his former personal lawyer Michael Cohen , a day after the onetime " fixer " implicated Trump in a campaign cover-up to buy the s...More..

Malcolm Turnbull: Australia PM's leadership on a knife edge
by | Friday, August 24, 2018

Malcolm Turnbull: Australia PM's leadership on a knife edge

Tired of his pugnacious predecessor, 70 per cent of Australians said that Mr Turnbull was their preference for prime minister and gave him a swift election-winning lead over Labor. Karen Middleton talks to TR...More..

Tesla stock loses billions after Elon Musk reveals ‘excruciating’ year
by | Monday, August 20, 2018

Tesla stock loses billions after Elon Musk reveals ‘excruciating’ year

Tesla shares fell almost 9% in midday trading on Friday to $305.61 after the New York Times story published Thursday evening. Today's interview with the New York Times is likely to increase that pressure...More..

It will be tough for Trump's SEC to overhaul reporting rules
by | Sunday, August 19, 2018

It will be tough for Trump's SEC to overhaul reporting rules

While some business leaders have groaned about the rigors associated with having to meet targets and metrics four times a year, the SEC has been reticent to make any changes. US President Donald Trump's pro...More..

by | Friday, August 17, 2018

Pres. Trump: We Won't Pay For Pastor's Release Because He's Innocent

The White House has said that Turkey's tariff hikes on U.S. products in retaliation for sanctions against Ankara were "regrettable" and again called for the immediate release of American pastor Andrew Br...More..

Trump attacks Turkey, vows to pay 'nothing' for United States pastor's release
by | Friday, August 17, 2018

Trump attacks Turkey, vows to pay 'nothing' for United States pastor's release

The announcement follows Turkish President Recep Tayyip Erdoğan's call for a boycott of US electronics, including Apple's iPhones to counter Trump's actions to ramp up pressure on Turkey to release Brunso...More..

Turks mobilized to boycott USA products amid strong dollar, deepening split
by | Thursday, August 16, 2018

Turks mobilized to boycott USA products amid strong dollar, deepening split

Turkey has sharply raised tariffs on USA imports, including passenger cars, alcohol and tobacco. The promise of an investment package comes after Qatar's Emir Tamim bin Hamad Al-Thani met with President Tayyi...More..

Oil holds gain as Iran concerns counter bearish United States rigs report
by | Wednesday, August 15, 2018

Oil holds gain as Iran concerns counter bearish United States rigs report

Oil prices spiked in May when Trump announced that he was imposing sanctions on Iran and leaving the Joint Comprehensive Plan of Action (JCPOA). Oil prices decreased on Monday as data showed that inventorie...More..

Turkey to boycott USA products including iPhone, says Erdogan
by | Wednesday, August 15, 2018

Turkey to boycott USA products including iPhone, says Erdogan

The Turkish lira has lost more than 45 percent of its value since 2017. Because of the currency storm and the possibility that access to materials, and to export markets will be disrupted at the Turkish p...More..

Turkish currency crisis adds to misery of Indian rupee
by | Tuesday, August 14, 2018

Turkish currency crisis adds to misery of Indian rupee

Kapil Sibal, former HRD minister, "congratulated" the prime minister for doing what the Congress could not for 60 years with regard to the rupee value. The rupee had settled at 68.84 against the USA dollar last...More..

U.S. pastor in Turkey appeals for release, end to travel ban -lawyer
by | Tuesday, August 14, 2018

U.S. pastor in Turkey appeals for release, end to travel ban -lawyer

The central bank has, however, always been at odds with President Erdogan, a self- described "enemy of interest rates", who persistently called for lower rates in Turkey to fuel credit growth and economic exp...More..

Saudi Arabia might be interested in helping Tesla go private
by | Monday, August 13, 2018

Saudi Arabia might be interested in helping Tesla go private

Musk wrote that he left the meeting with "no question " that a deal could be closed with the Saudi fund to take Tesla private. Recently, Tesla CEO Elon Musk tweeted he was considering taking the comp...More..

Trump OKs stiffer tariffs on Turkish metals as lira plummets
by | Saturday, August 11, 2018

Trump OKs stiffer tariffs on Turkish metals as lira plummets

That turned into a rout on Friday, with the currency diving as much as 18 per cent at one point, the biggest one-day drop since a 2001 financial crisis in Turkey. "Over the years, Turkey rushed to America's hel...More..

Traders Looking to Establish New Balance Points after China Tariffs
by | Friday, August 10, 2018

Traders Looking to Establish New Balance Points after China Tariffs

As a result, more US crude oil would be shipped to Asian market. China , which is already in the midst of a trade tirade with Washington has refuted the U.S. tariffs on Chinese imports. United States sanct...More..

Here's what taking Tesla private means for the company and Elon Musk
by | Wednesday, August 08, 2018

Here's what taking Tesla private means for the company and Elon Musk

He wants every shareholder to have the option to stay with the company as private investors. Tesla's chief executive Elon Musk met with SoftBank CEO Masayoshi Son in April 2017 about the Japanese investme...More..

United States trade deficit posts biggest increase in 19 months in June
by | Wednesday, August 08, 2018

United States trade deficit posts biggest increase in 19 months in June

China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States , with the extra levies ranging from 5 to 25 percent. Trump campaigned on a promise to bring do...More..

Oil prices rally on expectation that inventories will drop
by | Monday, August 06, 2018

Oil prices rally on expectation that inventories will drop

US crude oil imports averaged 7.75 million barrels per day last week, maintaining the levels of the previous week. Brent crude futures LCOc1 were up 32 cents at $72.71 a barrel by 10:37 a.m. Although the sanc...More..

USA job growth slows, trade deficit widens
by | Sunday, August 05, 2018

USA job growth slows, trade deficit widens

Lower-skilled workers are also benefiting from companies' demand for labor. The U.S. labor market continues to strengthen. Businesses are also getting less picky in their hiring. But they fail to note that ...More..

White House slams China’s ‘weak’ tariff threat and ‘lousy’ economy
by | Friday, August 03, 2018

White House slams China’s ‘weak’ tariff threat and ‘lousy’ economy

The statement said the date of implementation of the taxes will depend on the "actions of the U.S. side" and China reserves the right to apply "other countermeasures". Why is China threatening more tariffs? ...More..

OH offers sales tax holiday this weekend
by | Friday, August 03, 2018

OH offers sales tax holiday this weekend

Florida shoppers will have the opportunity to not pay normal sales tax on items like school supplies , clothing and accessories. 3, 4, and 5, 2018, anyone can shop tax free in OH for school items. Democrats ...More..