Markets

Trump administration ups ante in trade fight with China

The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, USA officials said Wednesday. Paulina Dedaj is a writer/ reporter for Fox News. Advisers reportedly told President Trump that China's authorities would be more likely to yield if higher tax rates were imposed. [Full Article...]

Bank of England raises interest rates with unanimous vote

The rate hike was well taken by the market given that bond yields hardly budged, the exchange rate behaved and rate-sensitive stocks fell only marginally. In November last year, rates were increased back up to 0.5% and today's rise will push up mortgage payments by an estimated £400 a year and may offer some relief to savers on rock-bottom rates. [Full Article...]

India set to raise interest rates again

India set to raise interest rates again The Reserve Bank of India is set to meet tomorrow for the monetary policy decision. Rising prices of crude, and a strengthening greenback coupled with a U.S. The central bank raised its benchmark repo rate (rate at which a country's central bank lends money to commercial banks) for the first time since 2014 in the last monetary policy committee (MPC) meeting in June and it was expected tha... [Full Article...]

Interest Rates: What The Rise Means For Your Household

The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC ), headed by governor Urjit Patel , hiked the policy repo rate by 25 basis points (bps) to 6.50 per cent after the conclusion of the third bi-monthly policy meet on Wednesday. [Full Article...]

No-Deal Brexit 'Not An Option' For Carmakers

No-Deal Brexit 'Not An Option' For Carmakers A recovery in export orders has failed to put the brakes on a decline in British vehicle production, according to the latest figures from the motor trade. While manufacturers and their suppliers are racing to prepare contingency measures, such as increasing warehousing or stockpiling parts, "no one would profess to being "Brexit ready", he said. [Full Article...]

India raises key interest rate for second time to stave off inflation

People walk past the Bank of England , in London, Britain August 1, 2018. Policymakers at the Bank said that momentum in the economy had recovered after an initial dip in the first three months of the year, which was believed to be caused by... [Full Article...]

Huawei outstrips Apple to become world's second-largest smartphone flogger

Huawei outstrips Apple to become world's second-largest smartphone flogger According to Counterpoint Research's Market Monitor service, global smartphone shipments declined 2% to 360 million units annually in Q2 2018, continuing the trend from a decline of 3% in Q1 2018. market, and up until recently has been a somewhat unknown mobile brand. Huawei's success was due in part to strong demand for its flagship P20 handset and its Honor sub-brand, the researcher said. [Full Article...]

Dixons Carphone data breach affected 10m customers

Dixons Carphone data breach affected 10m customers It isn't the first time the company has failed to adequately protect payment card data as it suffered a similar breach in 2015 where the details of nearly a million cards were compromised. Dixons Carphone said that 5.8m of these had chip and PIN protection and that the stolen data did not include pin codes, card verification values (CVV) or authentication data - making it more hard for the hacker... [Full Article...]

Canada McDonald’s Serves Cleaning Fluid Instead of Latte

Canada McDonald’s Serves Cleaning Fluid Instead of Latte That was the first clue Sarah Douglas had that the coffee she'd just ordered in a McDonald's drive-through Sunday morning in southern Alberta, Canada , wasn't right. May cause an allergic skin reaction. " McDonald's is renowned for its food safety protocols and I am sorry that this happened in my restaurant here in Lethbridge", he wrote. [Full Article...]

Durex recalls some condoms amid 'burst' fears

Durex recalls some condoms amid 'burst' fears These condoms failed to pass "rigorous" quality tests, the company revealed, but it says there is no immediate safety concern for customers. Condom manufacturer Durex has recalled some batches of its products over fears they could split as they are approaching the end of their shelf-life. [Full Article...]

USA may slap China with higher tariffs, Beijing vows to retaliate

The U.S.is now imposing $34 billion in Chinese goods, and has another $16 billion planned shortly. Chinese officials said they were prepared to retaliate again with higher tariffs of their own. "If the United States takes further escalatory steps, China will inevitably take countermeasures and we will resolutely protect our legitimate rights". [Full Article...]

BMW Building New Factory In Hungary To Satisfy European Demand

BMW Building New Factory In Hungary To Satisfy European Demand The automaker didn't say what models would be built at the new Hungarian plant, nor did it say whether or not it would be able to shift production from other facilities to this one, need be. BMW is joining Daimler (DAIGn.DE) and Audi (NSUG.DE), both of which have auto plants in Hungary. Audi also has a factory in Hungary, at Gyor, which was expanded recently with a new production line for engines... [Full Article...]

Monetary Policy: RBI Hikes Interest Rates Again; Loans To Get Costlier

One basis point is a hundredth of a percentage point. This the 1st time since October 2013 that repo rate has been hiked at 2 consecutive RBI policy meetings. Five of the six members on the rate panel voted for the rate increase. Second straight hike by the RBI, after the first one in June. India's largest bank SBI last month hiked interest rates on retail deposits and longer-term bulk d... [Full Article...]

Google allegedly working on censored search engine for Chinese market

News website The Intercept first reported the story, saying the Chinese search app was being tailored for Google-backed Android operating system for mobile devices. The company withdrew from providing search tools to the Chinese market in 2010, and its global search engine is blocked by the country's so-called " Great Firewall ". [Full Article...]

Oil Prices Fall After EIA Confirms Crude Inventory Build

Oil Prices Fall After EIA Confirms Crude Inventory Build October Brent crude futures LCOV8 dropped 29 cents, or 0.4 percent, to $73.92 a barrel by 0044 GMT, adding to a 1.8 percent loss in the previous session. The Organization of the Petroleum Exporting Countries, plus Russian Federation and other allies, decided in June to ease supply cuts that had been in place since 2017. [Full Article...]

US Confirms Plan to Raise China Import Tariff to 25 Percent

In July, the Trump administration introduced 25-percent tariffs on Chinese goods worth $34 billion. But President Donald Trump now wants U.S. Trade Representative Robert Lighthizer to consider more than doubling those tariffs to 25 percent. [Full Article...]

Heineken shares fall most in three years, as Brazil eats into margins

Heineken shares fall most in three years, as Brazil eats into margins Overall, the brewer sold more beer in the first six months of 2018 than expected, with growth rose steepest in its two most profitable markets, Vietnam and Mexico, along with Brazil, Cambodia, South Africa, Ethiopia and Russian Federation. "We continue to invest steadily behind our brands, innovations, e-commerce platforms and commercial strategy". Jean-François van Boxmeer, Heineken's chief e... [Full Article...]

RBI increases key rate to 6.5% on inflation worries

RBI increases key rate to 6.5% on inflation worries The central bank had increased repo rate by 25 bps to 6.25 per cent in its last policy meet in June. Its decision to raise repo rate by 25 bps for the second time in succession is a clear desire to frontload the rate hike cycle, said Kumar. [Full Article...]

Tyson cites tariffs in cutting earnings outlook for the…

Tyson cites tariffs in cutting earnings outlook for the… Taking a look at the performance of Tyson Foods, Inc . stock, an investor will come to know that the weekly performance for this stock is valued at -7.61%, resulting in a performance for the month at -15.22%. Now we take an assessment of last twelve months period, where stock moved higher with performance of 0.32%. Historical volatility refers to the price fluctuations exhibited by the underlying... [Full Article...]

Embattled Coles buckles with yet another plastic bag backflip

Embattled Coles buckles with yet another plastic bag backflip Just a day after Coles announced it would offer customers free plastic bags indefinitely , a new cut-off date for the complimentary bags has now been set after public backlash. Craig Reucassel, comedian and host of Australian television series "War on Waste", called the decision by Coles "insane", and suggested the supermarket hadn't given shoppers enough time to adjust to the 15 cent charge. [Full Article...]


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