Thursday, 19 July 2018
Latest news
Home » Economy

Economy

Musk Tweets Hurt Tesla Stock, Again

perth_map

Unsworth said he was "astonished and very angry" at the attack and asked whether he would be taking legal action against Musk he said: "Yes, it's not finished". Musk traveled to the site in Chiang Rai province, but the team was rescued by Thai divers with aid from an worldwide group of volunteers. Loup Ventures published an open letter to Musk on behalf of investors, saying the comments to Unsworth "crossed the line" and calling for an apology. Read More »

Amazon Prime Day 2018: Is it worth paying $119 to take part?

perth_map

Whole Foods has regular 10 percent off sales open only to Prime members and sells its store brand, 365 Everyday Value, on Amazon . The events include a performance by Ariana Grande in NY, which is hosted by Amazon Music, and a performance in Los Angeles by deadmau5, which is hosted by its gaming-streaming service, Twitch Prime . Read More »

Trade war: US lists next $200 bn Chinese goods to face tariffs

perth_map

The US had no choice but to move forward on the new tariffs after China failed to respond to the administration's concerns over unfair trade practices and Beijing's abuse of American intellectual property, the officials said. US Trade Representative Robert Lighthizer said there was "no justification" for China's retaliation . But China only bought about $135 billion in USA goods past year, meaning it will run out of American products to tax before it matches Trump's latest move. Read More »

China will counterattack United States tariffs

perth_map

The US on Friday imposed tariffs on $US34 billion worth of Chinese imports and warned it may ultimately target over $US500 billion worth of Chinese goods, or roughly the total amount that the US imported from China past year. A member of China's central bank monetary policy committee, Ma Jun, said Friday that the first punches will have a "limited impact" on the Chinese economy. Read More »

Oil markets volatile as trade conflict between USA and China escalates

perth_map

Crude-oil prices retreated early Friday and were on track to book a weekly loss for the first time in three weeks, a day after the US benchmark contract suffered its lowest settlement in more than a week amid signs of rising production in Saudi Arabia and protracted trade tensions between the United States and China , according to monitored reports. Read More »

Trump congratulates new leftist Mexico leader

perth_map

He said he would seek to stay in a version of the North American Free Trade Agreement (Nafta) that was good for Mexico. Mexico is now renegotiating the North American Free Trade Agreement - known as NAFTA - with the United States and Canada. Read More »

Trump blasts OPEC, warns European companies against business with Iran

The president, in an interview with Fox News's "Sunday Morning Futures with Maria Bartiromo also piled pressure on close USA allies with a threat to sanction European companies that do business with Iran". Crude oil prices rose on Tuesday with the USA benchmark hitting a four-year high on expected drains in domestic inventories and outages in Libya. Read More »

A lot of Clevelanders are buying LeBron James' Lakers jersey

perth_map

Several of them make sense for the Lakers and LeBron James . Further, his three-point shooting has only improved to the point where it could reasonably be described as below average. As most hoops fans know, the Akron, Ohio native was selected by the Cavs with the No. 1 overall pick in the 2003 Draft. Rondo was given a one-year deal at $9 million. Read More »

Amazon Prime Day 2018: These early deals are available right now

perth_map

The fourth annual Prime Day , or in this case Prime Day-and-a-Half, will now extend for 36 hours, beginning at noon July 16 . More than 100 million Prime members around the world, including India, will find this our best Prime Day celebration yet, Amit Agarwal, SVP & Country Manager, Amazon India . Read More »

Trump, Saudi's King Salman to boost production to battle rising oil prices

perth_map

That has led Democrats to lay the blame on the White House , highlighting Trump's decision to pull the United States out of the Iran nuclear deal as a factor in the tightening global oil supply. President Donald Trump says he has received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, "maybe up to 2,000,000 barrels", in response to turmoil in Iran and Venezuela. Read More »

Trump Threatens To Hit Harley-Davidson With Taxes If It Moves Overseas

perth_map

The president targeted Harley-Davidson on Monday as "the first to wave the White Flag" as a result of these retaliatory measures. He added: "The Aura will be gone and they will be taxed like never before!" Rep. Last year, Harley-Davidson announced it would build a plant in Thailand after Trump pulled out of the Trans-Pacific Partnership (TPP) trade deal, which would have abolished tariffs on their motorcycles across 40 percent of the world's economy. Read More »

Beijing hopes United States will treat Chinese investments fairly

perth_map

The administration is expected to justify imposing the curbs by declaring an economic emergency using the International Emergency Economic Powers Act, or IEEPA, people familiar with the plans said . However, Trump is targeting this plan by barring some technology exports to China, as well as by blocking firms controlled by China from investing in USA technology. Read More »

India may ignore USA demand to halt Iran oil imports

perth_map

Trump's determination to deprive Iran of funding raises the stakes for Rouhani, who has attempted to appease anger over his government's handling of the economy. Iranians across the country have been protesting the nation's crumbling economy and government leadership for months. The protests in late December and early January saw at least 25 people killed and almost 5,000 arrested. Read More »

European leaders congratulate Erdogan on election win

perth_map

Erdogan's main rival, Muharrem Ince of the Republican People's Party (CHP), conceded defeat but branded the elections unjust and said the presidential system that now takes effect was "very dangerous" because it would lead to one-man rule. Read More »

We Now Know What Date Marijuana Will Be Legal In Canada

perth_map

It was a few weeks ago that the Senate initially passed Bill C-45, but it came with dozens of changes, and those modifications needed to be approved by the House of Commons as well. Today, we change that. Each adult can grow up to four cannabis plants at home, although the household limit is also four, so roommates and spouses can't all grow together. Read More »

China's tariffs on US oil would disrupt $1 billion monthly business

perth_map

The amount of increased oil output that is being discussed in the framework of the OPEC + agreement is fully correlated with the decline made by Venezuela in the last 1.5 years. Iran and Venezuela production for example continue to dwindle due to USA sanctions. Due to the staunch opposition to any production increase from the faction led by Iran and Venezuela, analysts expect this week's OPEC meeting to be a very hard one, comparing it to the 2011 meeting, which the then Saudi Oil Minister ... Read More »

Disney Just Upped Its Bid For 21st Century Fox Deal

perth_map

Disney is making a $71 billion counter bid for Fox's entertainment businesses following Comcast's $ 65 billion offer for the company. Should the Fox board - which will be convening this week to discuss the Comcast bid - consider the global telecommunications conglomerate tender superior to the agreement with Disney , the Mouse House will have five days to match the offer. Read More »