Markets

European Union urging members to step up plans for no-deal Brexit

European Union urging members to step up plans for no-deal Brexit That is the deadline when a transition period is due to end after Britain and the European Union agreed to continue working together after Britain formerly leaves next March. We want to have an ambitious partnership with Britain, we want to work with Britain on a trade agreement and on internal and external security because it is a very important partner for us. [Full Article...]

Trump threatens tariffs on all US$505b of Chinese imports

The POTUS told CNBC's Joe Kernen, in an interview that will air Friday on Squawk Box , "I'm not thrilled" with the two interest rate increases the Fed has instituted this year and the two more that are likely to come before 2018 is up. [Full Article...]

Cloud, PC Trends Positive — Microsoft Earnings Preview

Cloud, PC Trends Positive — Microsoft Earnings Preview It was up 23 percent YoY to $9.6 billion for the quarter, and reached $32.2 billion for the year, marking a 15 percent increase. Microsoft reported net income of $16.6 billion for the fiscal year on revenue that rose 14 percent to $110.4 billion. [Full Article...]

Trump's threat of tariffs on all $505bn of Chinese imports knocks markets

S&P stock-index futures declined along with the Stoxx Europe 600 gauge after Trump's comments aired. "Equities sank sharply in the wake of Trump saying is he ready to slap tariffs on all the goods the USA imports from China, which total over $500bn". [Full Article...]

Trump threatens tariffs on all US$505 billion of Chinese imports

Trump earlier this month imposed 25 per cent tariffs on US$34 billion of Chinese goods, with another US$16 billion to follow soon. The US$500 billion figure is about the value of Chinese goods imported into the USA past year. "I want them to do well", the USA president said of China. "I don't want them to be scared". " I really like President Xi a lot, but it was very unfair ". [Full Article...]

Trump criticizes Federal Reserve over interest rate hikes

The president emphasized that he would have said these remarks if he was a private citizen as well: "I don't like all of this work that we're putting into the economy, and then I see rates going up". USA stock prices briefly pared losses after Trump's comments on interest rates. Fed spokeswoman Michelle Smith declined to comment, Bloomberg reported. [Full Article...]

Japan halts imports of oil from Iran

Japan halts imports of oil from Iran Distillate fuels stockpiles, which include diesel and heating oil , rose by 1.7 million barrels, compared with expectations for an 873,000-barrel gain, the data showed. Iranian official urges Trump not to use US strategic oil reserve. It added in reference to the growing trade war between the US and China , "Slowing trade growth will weigh on physical demand for oil". [Full Article...]

Trump slams rate increases by independent Federal Reserve

The comments are all the more unusual given that Jerome Powell , the Fed chairman, was appointed by Mr Trump. In his exact words, the President said he's "not thrilled" with rate hikes and worries that work done by his administration will be nullified. [Full Article...]

Donald Trump Says He's 'Not Happy' About Federal Reserve Interest-Rate Increases

By maintaining its independence, the central bank can make politically contentious decisions to combat economic challenges, like the huge bond purchases it made after the 2008 financial crisis to help drive down long-term rates to support the economy. [Full Article...]

China says US blaming Xi for blocking trade deal is 'bogus'

China says US blaming Xi for blocking trade deal is 'bogus' Trump earlier this month imposed 25 per cent tariffs on US$34 billion of Chinese goods, with another US$16 billion to follow soon. Trump authorised the tariffs after an investigation he ordered by the US Trade Representative's office found that China was violating intellectual property rules and forcing American companies operating in China to hand over their technology secrets to gain access to... [Full Article...]

USA auto industry leaders warn Trump administration of painful tariff fallout

The department opened an investigation in May into whether imported autos and parts pose a national security risk and was holding a hearing on the probe on Thursday, taking testimony from auto trade groups, foreign governments and others. A study by the Center for Automotive Research also released Thursday estimated auto demand will fall by between 493,600 and two million vehicles, resulting in th... [Full Article...]

Britain's Prime Minister Theresa May survives crucial Brexit vote

Britain's Prime Minister Theresa May survives crucial Brexit vote Later, the government was also left embarrassed when it abandoned plans to send MPs on an early summer break, amid ever-deepening divisions among Conservatives on Brexit . But he insisted: "It is not too late to save Brexit". "It would also be harder to get the medicines we need when we need them - this is particularly worrying for time-critical drugs and equipment", he said, giving the example... [Full Article...]

Inflation figures cast doubt over interest rate rise

Inflation figures cast doubt over interest rate rise The rise has been attributed to increasing prices of domestic fuel and rising crude oil prices globally. It marks the highest level for both petrol and diesel since September 2014. Economists had expected inflation to accelerate to 2.6 percent. Tom Stevenson, investment director for personal investing at Fidelity International, said it looks odds-on that the BoE will hold fire yet again on a r... [Full Article...]

Dollar soars to Rs128.75 as devaluation of rupee continues

Dollar soars to Rs128.75 as devaluation of rupee continues However, on Tuesday the USA dollar illustrated rise of Rs128.40. On Monday, the U.S. dollar soared to a record high of Rs128.26 in the interbank market and closed on Rs127.99 at the close of business. Sources claim that the absence of any check and balance from government and the fragile political situation these days is the sole reason behind rupee devaluation against the dollar. [Full Article...]

Google Announces Plan to Lay Massive Subsea Cable From Virginia to France

Google Announces Plan to Lay Massive Subsea Cable From Virginia to France While Dunant is Google's first cable spanning that particular ocean, it's the search giant's second privately-owned cable overall. 'A common question we get with these projects is why we're building them privately , ' says Jayne Stowell, Google's strategic negotiator, of the Durant and Curie projects - a reasonable response, given that Google is the only non-telecommunications company to cons... [Full Article...]

Trump Administration Investigating Uranium Imports Under National Security Concerns

U.S. Commerce Secretary Wilbur Ross testifies before a Senate Finance hearing on "Current and Proposed Tariff Actions Administered by the Department of Commerce" on Capitol Hill in Washington, U.S., June 20, 2018. The Commerce Department said Wednesday it will probe "whether the present quantity and circumstances of uranium ore and product imports into the US threaten to impair the national secu... [Full Article...]

United States airline places order for 60 aircraft to be built in Belfast

United States airline places order for 60 aircraft to be built in Belfast JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. It follows last week announcement of 60 jets being ordered by United States airline JetBlue, which at full value, would be worth around £4bn for the new Airbus and Bombardier partnership. [Full Article...]

Germany's Deutsche Bank sees higher-than-expected Q2 profit

Germany's Deutsche Bank sees higher-than-expected Q2 profit He is scheduled to provide detailed earnings on July 25. The bank's unexpected earnings preview on Monday said net profit would be around 400 million euros ($468 million) in the quarter, more than double a consensus forecast of 159 million euros but still below 466 million euros reported a year earlier. [Full Article...]

ICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo

ICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo Down-payments by DHL Express for the 4.7 billion-dollar order in 2018 are already included in the annual investment forecasts of the company. Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton Thomson Reuters LONDON (Reuters) - Boeing Chief Executive Dennis Muilenburg said on Sunday both the US and Chinese governments understood the importance of aerospace to their ec... [Full Article...]

AirAsia is world’s best low-priced airline for 10th consecutive year

AirAsia is world’s best low-priced airline for 10th consecutive year To encourage more ideas and innovation, the airline is also asking staff for suggestions on how to improve current processes and procedures across the business. This year, more than 20 million passengers on 320 airlines participated. In a relatively short time, Qatar Airways has grown to more than 140 destinations worldwide, offering levels of service excellence that helped the award-winning c... [Full Article...]


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