US Defense Chief Embarks on Trip to China, S. Korea, Japan

Part of the United States response includes imposing new tariffs on $50 billion of Chinese goods, some of which are set to go into effect next month. It is planning to impose tariffs on $34 billion in Chinese goods July 6 - a figure that could rise t... More..

by | Published more than a month ago
Iranian economic protesters take to streets, confront police
by | Wednesday, June 27, 2018

Iranian economic protesters take to streets, confront police

Bazaar families opposed the Shah Mohammad Reza Pahlavi and supported the 1979 Islamic Revolution that replaced him with a Shiite theocracy and elected officials. In the Grand Bazaar, hundreds staged a similar p...More..

Oil is sliding after OPEC cuts a deal to raise production
by | Wednesday, June 27, 2018

Oil is sliding after OPEC cuts a deal to raise production

LONDON, June 25 (Reuters) - Brent crude oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise product...More..

Trump Calls On Allies to Quit Buying Iranian Fuel. Oil Prices Soar
by | Wednesday, June 27, 2018

Trump Calls On Allies to Quit Buying Iranian Fuel. Oil Prices Soar

In a televised speech, Rouhani blamed the us for Iran's woes and said the U.S.is trying to damage the country by creating "an economic war". Protests continued in Tehran for the third day on Tuesday, and ...More..

Brussels to Trump: We’re not backing down on trade
by | Wednesday, June 27, 2018

Brussels to Trump: We’re not backing down on trade

In its filing with the U.S. Securities and Exchange Commission Monday, Harley-Davidson said it will "shift production of motorcycles for European Union destinations from the U.S.to its worldwide facilities t...More..

China, EU agree to fight protectionism, but EU repeats complaints
by | Wednesday, June 27, 2018

China, EU agree to fight protectionism, but EU repeats complaints

Trump's move comes after China slapped the United States with $50 billion in tariffs, a retaliation for previous U.S. duties on Chinese goods. "Chinese business investments have created many jobs and tax rev...More..

Trump Says Harley-Davidson Move Abroad Would Be 'Beginning Of The End'
by | Wednesday, June 27, 2018

Trump Says Harley-Davidson Move Abroad Would Be 'Beginning Of The End'

Late Monday afternoon President Trump tweeted , "Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag". In another tweet Tuesday morning, Mr. The company's solution? I...More..

by | Tuesday, June 26, 2018

Trump planning new curbs on Chinese investment in the US

He adds the market also isn't concerned about tariffs that affect a small portion of goods, noting there are "many other ways that the Chinese could impact the United States economy". Adding to investor concern...More..

Just one in three Dutch Turks vote in the Turkish election: AD
by | Tuesday, June 26, 2018

Just one in three Dutch Turks vote in the Turkish election: AD

Rights activists have said the press is not free to report on all sides in Turkey. Worldwide election monitors said the election allowed voters a "genuine choice" but decried the lack of "equal" conditions ...More..

Harley-Davidson moves some production from United States due to tariffs
by | Tuesday, June 26, 2018

Harley-Davidson moves some production from United States due to tariffs

The EU tariffs are a response to new United States duties on steel and aluminium imports. The company in its US Securities and Exchange Commission (SEC) filing on Monday said that new retaliatory tariffs by t...More..

United States to limit Chinese investment in American tech firms
by | Tuesday, June 26, 2018

United States to limit Chinese investment in American tech firms

A government official told Reuters on Sunday night that the Treasury was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying US companies with "industrially significan...More..

Harley-Davidson to shift production overseas as European Union tariffs bite
by | Tuesday, June 26, 2018

Harley-Davidson to shift production overseas as European Union tariffs bite

In an SEC filing , the company said the tariffs will result in an additional cost of $2,200 per motorcycle exported from the U.S.to the EU. "Increasing worldwide production to alleviate the European Unio...More..

by | Tuesday, June 26, 2018

China, EU to form group to modernise global trade rules

The recent heightened anxiety about trade among investors can be traced to a pair of events Sunday. Trump has threatened to strike back against China's retaliation to the U.S. As she pointed out, China is now...More..

Analysts See $1.40 EPS for Harley-Davidson, Inc. (HOG)
by | Tuesday, June 26, 2018

Analysts See $1.40 EPS for Harley-Davidson, Inc. (HOG)

Bank of Montreal Can raised its holdings in Harley-Davidson by 17.6% in the fourth quarter. Independent Franchise Partners LLP now owns 8,224,166 shares of the company's stock worth $418,445,000 after acquiring...More..

Turkey's Erdogan, his alliance win presidential, parliamentary elections
by | Monday, June 25, 2018

Turkey's Erdogan, his alliance win presidential, parliamentary elections

However, an opposition election platform which is doing its own vote tally based on results gathered by its observers at polling stations gave Erdogan only 43.5 percent and Ince 33.9 percent, based on almost ...More..

Harley-Davidson will shift some production outside the United States to avoid tariffs
by | Monday, June 25, 2018

Harley-Davidson will shift some production outside the United States to avoid tariffs

The EU's tariffs were a direct response to the Trump administration's tariffs placed against steel and aluminum exports from Europe. Shares at Harley Davidson are down 2.40% in early morning trading. "On a ...More..

Half of European Union business leaders cut United Kingdom investment over Brexit
by | Monday, June 25, 2018

Half of European Union business leaders cut United Kingdom investment over Brexit

The EBA - itself relocating from London to Paris by March due to Brexit - said preparations by banks must advance more rapidly in a number of areas without further delay. Sir Vince is expected to say Brexit is ...More..

by | Monday, June 25, 2018

Harley-Davidson, blaming tariffs, will shift some manufacturing overseas

The Milwaukee company plans to make motorcycles destined for Europe in factories on the Continent, it said in a regulatory filing . In an SEC filing released on Monday, the company said that European Union...More..

Harley, blaming tariffs, will shift some manufacturing overseas
by | Monday, June 25, 2018

Harley, blaming tariffs, will shift some manufacturing overseas

Harley-Davidson motorcycle engines are assembled at the company's plant in Menomonee Falls, Wis. Tariffs from the European Union are prompting the company to shift production of some motorcycles for the Europea...More..

Thousands march in London over Brexit
by | Monday, June 25, 2018

Thousands march in London over Brexit

As yet there is no certainty about what the final deal could look like, amid infighting in Prime Minister Theresa May's Conservative government as well as among some of its opponents about what they want from...More..

Syria must be ‘more secure’ before refugees return - Merkel
by | Monday, June 25, 2018

Syria must be ‘more secure’ before refugees return - Merkel

Chancellor Merkel is strongly opposed to Seehofer's plan and said such a unilateral move would have "a domino effect", prompting other European Union member states to push back refugees and further increase the...More..

9,000 barrels of aging bourbon crash to ground after collapse in Kentucky
by | Monday, June 25, 2018

9,000 barrels of aging bourbon crash to ground after collapse in Kentucky

Company spokeswoman Amy Preske says the company is assessing the damage and declined further comment. Pardon bourbon lovers for crying in their beer after half of the barrels being aged at a Kentucky distille...More..

Bank holds rates at 0.5 but shows mounting support for hike
by | Sunday, June 24, 2018

Bank holds rates at 0.5 but shows mounting support for hike

Haldane and the two other policymakers who voted to raise rates to 0.75 percent said recent wage deals and strong demand for workers raised the prospect of wages rising faster than the BoE forecast, and there w...More..

Eurozone creditors reach deal on Greek debt relief
by | Sunday, June 24, 2018

Eurozone creditors reach deal on Greek debt relief

Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 am Athens time on Wednesday to nearly a month low, while the Athens Stock Exchange General Index rose as much as 1.1 ...More..

Greece ‘turns a page’ as it reaches deal on bail-out exit
by | Sunday, June 24, 2018

Greece ‘turns a page’ as it reaches deal on bail-out exit

Eurozone states declared the severe debt crisis that has weighed heavy on the country since 2010 to be over, allowing Athens to escape some of the supervision of its creditors from August. Once the bailout i...More..

Elon Musk has it out with suspected Tesla saboteur
by | Sunday, June 24, 2018

Elon Musk has it out with suspected Tesla saboteur

The employee was identified in a lawsuit filed by Tesla this week; the automaker claims that Martin Tripp , 40, had exported gigabytes of company data and had made false claims to reporters, CNBC report...More..

Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling
by | Sunday, June 24, 2018

Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling

The biggest beneficiary of the ruling would be the states. The Florida Retail Federation, which has long tried without success to get the Legislature to address the issue, hailed Thursday's decision. E-tailer...More..

Trump reacts to EU trade reprisals with threat of steep auto tariff
by | Saturday, June 23, 2018

Trump reacts to EU trade reprisals with threat of steep auto tariff

Therefore, with Angela Merkel already facing multiple domestic scandals stemming from the European migrant crisis which may see her governing coalition fall in a matter of weeks, pressure from the anxious and a...More..

Speeding to auction record? 1962 Ferrari could fetch US$45 million
by | Saturday, June 23, 2018

Speeding to auction record? 1962 Ferrari could fetch US$45 million

The 250 GTO is considered to be one of the most lovely Ferraris and it was one of the most successful road and racing cars the marque ever built, claiming overall victory or first in class in almost 300 races...More..

Saudi Arabia: Deal can be done this week to boost oil supply
by | Saturday, June 23, 2018

Saudi Arabia: Deal can be done this week to boost oil supply

But the direction of prices over the next year will be more influenced by less visible developments in the major oil-consuming countries, especially the United States, Europe, China and India . Pradhan added. ...More..

Iran says OPEC, allies to increase oil output by 500,000 bpd
by | Saturday, June 23, 2018

Iran says OPEC, allies to increase oil output by 500,000 bpd

West Texas Intermediate, the US benchmark for the price of oil, was up 3.4 percent to $67.75 per barrel. The measure had helped rebalance the market in the past 18 months and lifted oil to around $75 per barrel...More..

by | Saturday, June 23, 2018

OPEC to increase oil production by 1 million barrels from July

Brent oil prices were up 1.9 percent on Friday as the output boost had been largely priced in and was seen as modest. Saudi Arabia, backed by non-member Russian Federation, has argued that it is time to raise...More..

Saudi Arabia Likely to Be Included in MSCI Emerging Market Index
by | Saturday, June 23, 2018

Saudi Arabia Likely to Be Included in MSCI Emerging Market Index

The Saudi Arabia ETF was up 2.4 percent while the Argentina ETF rose 5.3 percent in after-hours trading in USA markets. Officials predict a 5% stake sale in Saudi Aramco , now expected to go ahead in ear...More..

by | Friday, June 22, 2018

How Supreme Court tax ruling could affect states, small businesses - and you

In a ruling that could benefit Nebraska and Iowa tax coffers, the U.S. Supreme Court says states can force online shoppers to pay sales tax. Later Thursday, Indiana officials reacted to the decision , wi...More..

by | Friday, June 22, 2018

United Kingdom confident of good Brexit deal after Airbus concern - May's spokeswoman

The report shows that Airbus, like many modern companies, is particularly vulnerable to Brexit because of its global supply chain. Airbus says it buys 16 percent of its parts from Britain. Airbus's announce...More..

by | Friday, June 22, 2018

Oil prices rise ahead of OPEC’s June 22 meeting

Analysts had expected an increase of between 300,000 and 800,000 barrels per day, noting discord among members on whether to lift supply constraints at all. Iran, OPEC's third-largest producer, had demanded O...More..

India hikes import duty on USA goods
by | Friday, June 22, 2018

India hikes import duty on USA goods

Worth mentioning here is that India took the stand in retaliation to the duty raise by the Donald Trump administration on steel and aluminium products which had tariff implication of United States dollars 2...More..

German automakers offer to end EU's tariff's on USA autos
by | Friday, June 22, 2018

German automakers offer to end EU's tariff's on USA autos

The tariffs, which will hit American products including motorcycles and denim, are a response to Trump administration tariffs on steel and aluminum exports from Europe. The tariffs are in response to US Preside...More..

European Union slaps retaliatory tariffs on United States as trade war rattles markets
by | Friday, June 22, 2018

European Union slaps retaliatory tariffs on United States as trade war rattles markets

Canada has announced it will impose retaliatory tariffs on C16.6 billion ($12.5 billion) worth of USA exports from July 1. China may need to adopt a "hard-line approach" targeting USA firms listed on the Dow...More..

Above $74: Brent oil rises by $1 ahead of OPEC decision
by | Friday, June 22, 2018

Above $74: Brent oil rises by $1 ahead of OPEC decision

The black gold has likely picked up a bid due to uncertainty over whether the Organization of the Petroleum Exporting Countries (OPEC) would be able to lift production. They have since substantially overshot ...More..

Bound new Volvo S60 revealed
by | Thursday, June 21, 2018

Bound new Volvo S60 revealed

It will need about 1,500 as production ramps up in the fall, said Anders Gustafsson, Volvo's senior vice president for the Americas. Henrik Green, Volvo's research and development boss, said: "The active chas...More..

German minister hints at compromise
by | Thursday, June 21, 2018

German minister hints at compromise

He wants to turn away at the border new arrivals who have previously been registered in another European Union country - often their first port of call, Italy or Greece . In an unprecedented challenge to her...More..

Dow falls 400 points as trade war fears escalate
by | Thursday, June 21, 2018

Dow falls 400 points as trade war fears escalate

In a statement released Tuesday Ernst said the "escalating trade war is putting the livelihoods of our rural communities in the crosshairs". Chinese investors dumped stocks across the board on Tuesday as U....More..

Audi CEO arrested in Germany over diesel scandal
by | Thursday, June 21, 2018

Audi CEO arrested in Germany over diesel scandal

Last month, Audi admitted that another 60,000 A6 and A7 models with diesel engines have emission software issues. Earlier, Munich prosecutors had told Reuters Stadler was being detained due to fear...More..

Oil prices have become unsustainably high: Dharmendra Pradhan
by | Thursday, June 21, 2018

Oil prices have become unsustainably high: Dharmendra Pradhan

Russian Federation has proposed Opec and non-Opec raise output by 1.5 million barrels per day (bpd), effectively wiping out existing production cuts of 1.8 million bpd that have helped rebalance the market in t...More..

Another Mobile Outage Hits Australian Customers
by | Thursday, June 21, 2018

Another Mobile Outage Hits Australian Customers

Telstra's website shows there are outages that have resulted in intermittent mobile service in Sydney, Melbourne, Brisbane, Adelaide and Hobart. While Telstra's mobile services have been hit by a number of n...More..

Australia's Telstra slashes jobs as 'tipping point' forces strategic reset
by | Thursday, June 21, 2018

Australia's Telstra slashes jobs as 'tipping point' forces strategic reset

Less than a month ago, Telstra warned that 2017/18 earnings would probably be towards the bottom end of its $10.1 billion to $10.6 billion guidance range. Telstra has a range of businesses including fixed br...More..

by | Thursday, June 21, 2018

European Union levies tariffs on $3.2B on United States goods over metals duties

This report comes after the European Commission announced it approved initial retaliatory tariffs on USA exports worth €2.8 billion ($3.2 billion). The EU tit-for-tat tariffs will hit about 200 US products th...More..

by | Thursday, June 21, 2018

European Union retaliatory tariffs to hit U.S. products on Friday

European Union countries retaliatory trade tariffs on a list of USA products, agreed in response to U.S. tariff hikes on steel and aluminium imports from Canada , the EU, and Mexico , will come into force ...More..

Crypto Exchange Bithumb Halts Withdrawals Amid $31 Million Hack
by | Thursday, June 21, 2018

Crypto Exchange Bithumb Halts Withdrawals Amid $31 Million Hack

Whether this was somehow linked to the hack is unknown. It did not say which types of coins were lost . One of South Korea's largest cryptocurrency exchanges, Bithumb, is the latest cryptocurrency platfo...More..