Markets

Mazda joins Toyota in condemning Trump's car-tariff plans

Mazda joins Toyota in condemning Trump's car-tariff plans In a filing with the Commerce Department, the auto giant said the trade actions pursued by President Donald Trump will add risks, including higher costs that could spiral into more expensive car prices and a subsequent decline in vehicle sales. [Full Article...]

European Union warns Trump: auto tariffs could lead to $300B retaliation

The European Union says that for some goods, such as trucks, USA import duties are higher. The admonishment, written in a letter to US authorities dated Friday, came as US President Donald Trump said Europe is "possibly as bad as China" on trade in one of his biggest provocations to his country's longtime transatlantic allies. [Full Article...]

Canada Imposes Major New Tariffs on American Goods

Asked about the timing of an agreement, Trump said: "I want to wait until after the election". Canada has retaliated against US steel and aluminum tariffs by slapping its own penalties on American exports. Canadian Foreign Minister Chrystia Freeland said Friday they had no other choice and will not escalate the dispute, but also will not back down. In any event, the current Congress does not... [Full Article...]

Tesco and Carrefour plan alliance that will rival Amazon in sales

Tesco and Carrefour plan alliance that will rival Amazon in sales The collaboration comes amid a period of consolidation in the grocery sector, as supermarkets partner-up to fight rising costs and intense competition from the likes of German discounters Aldi and Lidl. He said: "This is more of a direct response to Aldi and Lidl, whose offers are heavily weighted towards own-brand". Carrefour CEO Alexandre Bompard claimed the deal combines the "purchasing exper... [Full Article...]

Iran vice president says private sector to buy, export oil

Iran vice president says private sector to buy, export oil Trump, who is spending the weekend at his golf property in New Jersey, said in a tweet on Saturday that Saudi Arabia's King Salman bin Abdulaziz Al Saud had agreed to produce more oil. That's what we're doing. "They have to put out another 2 million barrels in my opinion, because we don't want that happening", Trump said. Iran will allow private companies to export crude oil, part of a strateg... [Full Article...]

Did Tesla Hit Its Model 3 Production Goal Last Month?

Did Tesla Hit Its Model 3 Production Goal Last Month? The announcement of Tesla's production milestone for the Model 3 appears to have provided a boost to investors' sentiments. That's just a few hours short of Musk's self-imposed deadline of reaching this production rate by the end of the second quarter, June 30. [Full Article...]

Canada tariffs on U.S. goods from ketchup to lawn mowers begin

In a variety of published reports , Trump said Sunday he plans to wait until after the mid-term elections to move forward with a new NAFTA deal. Canada imposed taxes of up to 25 percent on USA goods including whiskey, yogurt and ketchup. [Full Article...]

Defeat to Belgium sets up England's 'biggest game for decade,' says Southgate

Defeat to Belgium sets up England's 'biggest game for decade,' says Southgate Southgate wanted to rest his key players - Raheem Sterling, Jesse Lingard and Dele Alli did not start either - and also keep the wider squad engaged in the tournament by giving them game time. "But as it now stands we don't see any need to change the rules we've put in place". "Ten months ago we qualified for the World Cup by beating Slovenia and people were throwing paper airplanes on to the pi... [Full Article...]

Restaurant manager fired after refusing to serve customer wearing MAGA hat

Restaurant manager fired after refusing to serve customer wearing MAGA hat However, the Trump advocate said no. "And [the manager] refused to serve him if he wouldn't take off his hat, and so the customer had to leave", she continued. Not every restaurant can be The Red Hen. "Her actions say far more about her than about me", she tweeted. "Like all our restaurants", the statement reads, "the Teahouse has no political, ethnic or other bias and is committed to welc... [Full Article...]

GST collection in June at ₹95,610cr, says govt

GST collection in June at ₹95,610cr, says govt To the Congress party's criticism that there should be a single tax rate, he said: "It would have been very simple to have just one slab but it would have meant we could not have food items at 0 per cent tax rate. Swarajya posted a part-transcript of the 45-minute interview on its website on Sunday, when the government marked the first anniversary of implementation of the new tax regime. [Full Article...]

Ltd. Has $62.01 Million Holdings in Constellation Brands, Inc

Ltd. Has $62.01 Million Holdings in Constellation Brands, Inc Investors holded 140.30 million in 2017Q4 but now own 134.88 million shares or 3.87% less. Wisconsin-based Dana Advsrs Inc has invested 0.27% in Constellation Brands, Inc . Over the last four quarters, the company has surpassed consensus EPS estimates three times. Also, Director James A. Locke III sold 6,398 shares of the company's stock in a transaction dated Tuesday, April 17th. [Full Article...]

Tata Steel, Thyssenkrupp AG ink pacts to combine businesses in JV

Tata Steel, Thyssenkrupp AG ink pacts to combine businesses in JV Conceived to take on the flood of cheap Chinese steel unbalancing world markets, the merged firm known as " Thyssenkrupp Tata Steel " will be based in the Netherlands. The transaction is subject to merger control clearance in several jurisdictions, and the Tata Steel management is hoping to close it by December 2018, which was the original deadline. [Full Article...]

Iran to allow private sector to export oil, beat USA sanctions

President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close USA allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran. [Full Article...]

Cruise ship rescues crew member who went overboard near Cuba

Cruise ship rescues crew member who went overboard near Cuba The crew member was found and rescued by Carnival Glory 21 miles north of Cuba. The crewmember was reported is stable condition. The Coast Guard Air Station Miami sent a HC-144 Ocean Sentry airplane to help conduct the search. The ship left Cozumel yesterday evening and was expected to return to Miami early tomorrow morning. Our thoughts go out to the crew members family and friends duri... [Full Article...]

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

Trump, Saudi's King Salman to boost production to battle rising oil prices OPEC and its allies decided last June 22 to raise crude production by a million barrels a day, a volume that, in the medium term, could be more like 600,000 barrels, as a way to control prices that are at their highest since 2014. State Department officials said this week the United States is prepared to work with countries on a case-by-case basis to help them reduce imports of Iranian oil and sug... [Full Article...]

Canada begins imposing tariffs on U.S. goods

Canada begins imposing tariffs on U.S. goods Both Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto have argued against scrapping the $1.2 trillion deal. "I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate". [Full Article...]

Tata Steel approves European steel joint venture with Thyssenkrupp

The deal comes after months of negotiations since an initial agreement was announced in September. The "50-50 joint venture" agreed by Thyssenkrupp's executive board will make the combination of the two companies' European businesses into the second-largest steel-makers in Europe, behind Arcelormittal . [Full Article...]

Another motorcycle maker considers moving output overseas

Another motorcycle maker considers moving output overseas U.S. President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened U.S. motorcycle maker Harley-Davidson on a campaign-style trip on Thursday to Wisconsin, a state that supported him in the 2016 election. He added: "The Aura will be gone and they will be taxed like never before!" In its first quarter earnings released in April, Polaris projected around $15 million... [Full Article...]

Canada retaliates tariffs on U.S. metals, orange juice

Canada hit back at the United States with retaliatory tariffs on American summertime essentials including Florida orange juice, ketchup and Kentucky bourbon in its opening salvo in a trade war with President Donald Trump . Whiskey comes largely from Tennessee and Kentucky. Negotiations to modernize NAFTA started last August and were initially scheduled to finish by the end of December, but th... [Full Article...]

Opportunity! Amazon Wants You to Deliver Its Packages

Opportunity! Amazon Wants You to Deliver Its Packages Amazon has been doing some major things lately, like extending Prime membership benefits to their Whole Foods locations and launching a new service that allows delivery people access the inside of your vehicle to drop off packages. Amazon is also setting aside $1 million to help military veterans interested in starting their own delivery businesses. "This is really about meeting growth for... [Full Article...]


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