Markets

Tech trade worries batter stocks

Tech trade worries batter stocks Tech stocks have been a pillar of the long-running bull market. The S&P technology index dropped 2.8 percent, set for their biggest-one day plunge in three months. TRADE TENSIONS: U.S. efforts to secure a pole position in trade are seeing some hit back. Harley-Davidson fell 5.5 percent after it said it will start building some motorcycles bound for Europe in factories overseas in response to t... [Full Article...]

Trump Changes Course, Will Use Existing Law To Review Chinese Tech Investments

Trump Changes Course, Will Use Existing Law To Review Chinese Tech Investments The question was: What were the appropriate tools?' The Foreign Investment Risk Review Modernisation Act ( FIRRMA ) was added to the National Defence Authorisation Act, a defence spending bill passed by the US Senate last week. Mnuchin also said that recent adverse market reactions to rising trade tensions had not played a role in the president's decision. He said the interagency investment comm... [Full Article...]

Harley Davidson Motorcycles Shifts Production Overseas In Response To EU Tariffs

Harley Davidson Motorcycles Shifts Production Overseas In Response To EU Tariffs As CNN is reporting, Harley Davidson Motorcycles is shifting production overseas, promptly reacting to retaliatory tariffs from the European Union. In February 2017, Trump welcomed Harley-Davidson executives to Washington and viewed a number of the company's motorcycles on the White House South Lawn. [Full Article...]

Harley-Davidson may face credit downgrade because of European Union tariffs

Harley-Davidson may face credit downgrade because of European Union tariffs The president is tweeting that Harley-Davidson, which already has some production in foreign markets, "should stay 100 percent in America". The E.U. 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. [Full Article...]

Trump Softens Threat Of New Curbs On Chinese Investment In US Firms

They said they have been working with Congress to pass a bill that will provide "enhancements" to the foreign investment reviews under the Committee on Foreign Investment in the United States. Reports indicated that Trump was considering much harsher measures to block Chinese investment, including a rule that would have disallowed companies with more than 25% Chinese ownership from investing in ... [Full Article...]

Mattis arrives in China; NKorea to be key topic of meetings

Mattis arrives in China; NKorea to be key topic of meetings The measures are part of the same broad U.S. move to confront Beijing over its trade practices as the tariffs on $50 billion of Chinese goods that the Trump administration detailed earlier this month. The law in question, the International Emergency Economic Powers Act, allows the president to regulate trade in response to foreign threats and has frequently been used to respond to armed confli... [Full Article...]

Hefty Inventory Draw Boosts Oil Prices

Hefty Inventory Draw Boosts Oil Prices The United States has told countries to cut imports of Iranian oil to zero from November, a senior State Department official said on Tuesday, reports Reuters . Beyond looming sanctions, other threats to supply are keeping markets on edge. In North America, a supply outage at Syncrude in Canada has locked in 350,000 bpd of crude, with repairs expected to last at least through July. [Full Article...]

Trump threatens Harley-Davidson over production move

The company's decision surprised Trump. - Donald J. Trump (@realDonaldTrump) June 26, 2018A Harley-Davidson should never be built in another country-never! That was long before Tariffs were announced. Rising trade tensions and retaliatory tariffs could pose serious risks for Harley-Davidson, rating agency Moody's said. "The Aura will be gone and they will be taxed like never before!" On Monday, ... [Full Article...]

Conagra seals $10.9 billion deal to buy Pinnacle Foods

Conagra seals $10.9 billion deal to buy Pinnacle Foods Profit margins in the industry have also been squeezed by higher commodities and transportation costs. Pinnacle's stock fell almost 4 percent in premarket trading, while Conagra's shares declined 7.1 percent. Analysts at JPMorgan do not see any regulatory hurdles for the deal despite there being overlaps in 44 categories. Last week, sources told Reuters that Pinnacle Foods , the owner of Bi... [Full Article...]

Facebook Is Ending Short-Lived Ban on Crypto Ads - With One Exception

Facebook Is Ending Short-Lived Ban on Crypto Ads - With One Exception Facebook had first enacted the ban in January, saying at the time that too many companies in this space were "not now operating in good faith". Facebook on Tuesday lifted a six-month-old ban on adverts promoting cryptocurrency products and services, a move that could fundamentally change the way that internet giants treat the emerging digital asset. [Full Article...]

Oil drops after OPEC's output deal

Oil drops after OPEC's output deal The prompt Brent/WTI spread narrowed to $5.85/b on ICE in United States afternoon trading, its tightest since May 18. At 10:40 am Singapore time (0240 GMT), August ICE Brent crude futures were up 3 cents/b (0.04%) from Monday's settle at $74.76/b, while the NYMEX August light sweet crude contract was up 12 cents/b (0.18%) at $68.20/b. [Full Article...]

China's central bank to cut reserve requirements

China's central bank to cut reserve requirements China's central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by 50 basis points to free up funding for small firms as a trade war with the United States looms. The People's Bank of China announced on Sunday that the planned reserve reduction will take effect on July 5th. The total liquidity injection of CNY 700 billion exceeds the market expectation ... [Full Article...]

Trump vs. Harley-Davidson: What's really going on?

Trump vs. Harley-Davidson: What's really going on? He said the administration has been "getting other countries to reduce and eliminate tariffs and trade barriers that have been unfairly used for years against our farmers, workers and companies". Says Trump: "That was long before Tariffs were announced. Taxes just a Harley excuse - be patient!" President Donald Trump after greeting Harley-Davidson executives on the South Lawn of the Whit... [Full Article...]

Chinese Officials: Military Relations With US Are Important

Chinese Officials: Military Relations With US Are Important Well the Dow did rebound in the last hour to finish down but less than earlier after Trump's trade adviser, Peter Navarro said that there were no investment restrictions planned against China and other countries. The only hope I hold out is that Donald is so unusual that he could back out of this brewing trade war and pass the whole thing off as a part of his ploy to get the trade barrier problem ... [Full Article...]

Brexit bill becomes law, allowing UK to leave the EU

Brexit bill becomes law, allowing UK to leave the EU The bill was passed by Parliament last week and officially became law with the granting of assent by Queen Elizabeth II - a technicality, since no monarch has refused to sign a bill since 1707. "Crucially this makes the prime minister's negotiating hand much stronger". It does this by transferring European Union law into United Kingdom law where appropriate and creating temporary powers to corre... [Full Article...]

Trump says Harley-Davidson is using trade tensions as excuse to move

Trump says Harley-Davidson is using trade tensions as excuse to move Donald Trump has criticised the Harley-Davidson motorcycle firm over its plans to shift production away from the USA in order to avoid European Union tariffs . The company is only the latest targeted by Trump for various reasons. "We are finishing our study of Tariffs on cars from the European Union in that they have long taken advantage of the United States in the form of Trade Barriers... [Full Article...]

Erdogan’s triumph takes Turkey into the era of one-man rule

Erdogan’s triumph takes Turkey into the era of one-man rule The head of Turkey's electoral board, Sadi Guven, said the election had been "healthy" and results would be opened for public scrutiny in 10 days. "Turkey is surrounded by enemies and countries in the west". Erdogan now faces a number of challenges, including the country's ties with the U.S. and the European Union, the economy , which has recently seen a spike in the inflation rate and a de... [Full Article...]

USA pushes allies to halt Iran oil imports, waivers unlikely

USA pushes allies to halt Iran oil imports, waivers unlikely The police has accused protesters in recent days of causing damage to public property. Trump also said he would reinstate United States nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic. The International Monetary Fund estimated in March that the government held $112 billion of foreign assets and reserves, and that Iran was running a current accoun... [Full Article...]

Trump Denies He's to Blame for Harley-Davidson Decision

Trump Denies He's to Blame for Harley-Davidson Decision The conflict took another turn on Monday when Harley Davidson , the iconic USA motorbike manufacturer, announced that it would shift production out of the country to avoid the scuffle between Trump and the EU . The company estimates the tariffs will result in $30 million to $45 million in additional costs this year and $90 million to $100 million on an annualized basis. [Full Article...]

General Electric preparing to sell off more parts

Last week, the company was dropped from the Dow Jones Industrial stock index, of which it was a founding member. On the cusp of the recession, GE was one of the nation's biggest lenders, its appliances were sold by the millions to homeowners around the world and it oversaw a multinational media conglomerate. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798  Next »