Money

Money Trump Calls On Allies to Quit Buying Iranian Fuel. Oil Prices Soar
Author: 0 Trump Calls On Allies to Quit Buying Iranian Fuel. Oil Prices Soar

Iranian President Hassan Rouhani said Tuesday his country is in a "fight" with the US, a day after protesters angered by Iran's tanking economy confronted police in front of parliament. And the USA official said today that Washington has conveyed the message to European diplomats in recent talks, that all crude imports from Iran must end by November.

Money Former Harley Davidson dealer Jim Renacci criticizes company's decision to export jobs
Author: 0 Former Harley Davidson dealer Jim Renacci criticizes company's decision to export jobs

Harley-Davidson said Monday it will move the manufacturing of motorcycles bound for Europe outside of the U.S. to avoid new tariffs placed by the European Union . That makes it a symbolic target for foreign leaders looking to hit back at America in a trade war. "They're tax increases on Americans, they don't work, and apparently we're going to see more of this".

Money China, EU teaming up against Trump in trade war
Author: 0 China, EU teaming up against Trump in trade war

Trade tensions between the United States and China have escalated in the last several weeks with the Trump administration's planned tariffs on $50 billion worth of Chinese imports and Beijing's announcement of counter-duties. As China steps up its engagement in Europe, the European Union, too, is working on measures to tighten screening of outside investments to protect critical technologies and infrastructure.

Money Pres. Trump threatens Harley-Davidson with taxes
Author: 0 Pres. Trump threatens Harley-Davidson with taxes

He later added , "The Aura will be gone and they will be taxed like never before! ". But Harley-Davidson said last week that European Union tariffs on motorcycles exported from the USA went from 6 to 31 percent, adding about $2,200 per average motorcycle exported from the us into European Union countries.

Money Turkey's Erdogan, his alliance win presidential, parliamentary elections
Author: 0 Turkey's Erdogan, his alliance win presidential, parliamentary elections

Recep Tayyip Erdogan , who has dominated Turkish politics for the past 15 years, prepared Monday to extend his rule and take on sweeping new powers after his victory in the country's landmark presidential and parliamentary elections. The election commission later confirmed Erdogan the victor, and also said Erdogan's Justice and development Party (AKP) and its allied Nationalist Movement Party (MHP) had retained their parliamentary majority.

Money The Newsroom, Big Ben doesn't chime for Brexit
Author: 0 The Newsroom, Big Ben doesn't chime for Brexit

He added: 'We need to get behind Theresa May to deliver the best possible Brexit - a clean Brexit. Chris Hopson, CEO of NHS Providers told BBC's Sunday Politics: "I think there has been a huge amount of pressure from the NHS given what has been going on in the last three or so years".

Money China, EU to form group to modernise global trade rules
Author: 0 China, EU to form group to modernise global trade rules

The CBOE Volatility index, known as Wall Street's fear gauge, spiked to its highest level in almost a month. Among some of the more notable declining stocks in Canada: Suncor Energy Inc. U.S. Treasury Secretary Mnuchin has been reluctant to back steep tariffs on Chinese goods, fearing the impact on global supply chains. While Harley is only one example, Lim believes the trade war is "likely to increase discrimination against US companies in China ".

Money Harley-Davidson to move some production out of U.S
Author: 0 Harley-Davidson to move some production out of U.S

Harley-Davidson is moving its production facilities overseas. The new increased tariffs by the European Union come after the USA adopted its increased tariffs on steel and aluminium imports at the beginning of June, despite threats of reprisals from the EU.

Money Trade Rift Within Trump Administration Sends Stocks on Wild Ride
Author: 0 Trade Rift Within Trump Administration Sends Stocks on Wild Ride

USA technology stocks were worst hit. Shares of Harley-Davidson fell more than seven per cent after the motorcycle maker said it would move production of motorcycles shipped to the European Union from the U.S.to its worldwide factories. If the policy is global but only really effects China, then what's the difference? As she pointed out, China is now "the largest or second-largest source of sales and profits for many US multinationals".

Money Voting officially ends in Turkey with AK Party leading
Author: 0 Voting officially ends in Turkey with AK Party leading

According to unofficial results , with 98.4 percent of ballots counted, Erdogan gained 52.53 percent of the vote. A night of triumph for Erdogan saw the man who has dominated Turkey for the last decade and a half declared victor of Sunday's presidential polls without needing a second round, leading his ruling party-led alliance to an overall majority in parliament.

Money Harley-Davidson to shift some production out of U.S. over European Union tariffs
Author: 0 Harley-Davidson to shift some production out of U.S. over European Union tariffs

The company said: "Harley-Davidson maintains a strong commitment to US-based manufacturing which is valued by riders globally". The company said it will raise investment in its worldwide plants, but did not say which ones. For the rest of this year, the company said the tariffs will add $30 million to $45 million to its expenses. It said shifting its production outside the United States would take nine to 18 months.

Author: 0 Harley-Davidson to shift production overseas to avoid EU tariffs

In response to the USA tariffs, the European Union began charging import duties of 25 percent on a range of US products including big motorcycles like Harley's on June 22. Harley-Davidson's goal is to fulfill dreams of personal freedom for customers who live in the European Union and across the world, and the company remains fully engaged with government officials in both the US and the EU helping to find sustainable solutions to trade issues and rescind all tariffs that restrict free and ...

Money Harley-Davidson will not raise prices to cover tariff costs
Author: 0 Harley-Davidson will not raise prices to cover tariff costs

The company is shifting some production of motorcycles for European customers out of the United States to avoid EU retaliatory tariffs. Wisconsin-based Harley-Davidson has assembly plants in Australia, Brazil, India and Thailand. The EU decision to place tariffs on various USA products, including Harleys, was in retaliation to the US imposing tariffs on steel and aluminum exports from the EU into the U.S.

Money Tens of thousands rally for new vote on Brexit
Author: 0 Tens of thousands rally for new vote on Brexit

In it they urge Mrs May to warn her European counterparts that despite their "intransigent and punitive stance" they can not delay or block Brexit . Transport Secretary Chris Grayling said any warning from any major company was taken seriously, but stressed that "we genuinely expect to have a sensible partnership" with the European Union that was mutually beneficial.

Money European Union mini-summit tackles migration crisis flare-up
Author: 0 European Union mini-summit tackles migration crisis flare-up

Merkel, after allowing more than one million asylum seekers into Germany since 2015, faced a strong domestic backlash that has now turned into a government crisis. Speaking in Paris after meeting with new Spanish Prime Minister Pedro Sanchez, Macron said European countries would take in migrants who qualify to apply for asylum, helping to remove the burden of caring for them from Mediterranean nations on the front line like Italy or Spain.

Money Thousands of whiskey barrels crashed down in collapse of Kentucky warehouse
Author: 0 Thousands of whiskey barrels crashed down in collapse of Kentucky warehouse

Each barrel holds 53gallons of bourbon and weighs a whopping 550lbs, according to WLKY . The distillery is owned by Sazerac. Spalding said water samples in the area have been taken and all have come back clear. We believe no more than half of the barrels inside are impacted; we are assessing how numerous impacted barrels can be recovered. 'A mix of various distilled products at various ages were stored in that warehouse, ' she added.

Money Interest rates held by Bank of England
Author: 0 Interest rates held by Bank of England

The pound rose on the news of a unexpected 6-3 split on the Monetary Policy Committee, with Haldane joining Ian McCafferty and Michael Saunders in calling for a quarter-point hike. After a week of Brexit speculation and industrial stats affecting the pound United States dollar exchange rate, the pound will show further movement today.

Money Greece expects substantive debt relief decisions from Eurogroup
Author: 0 Greece expects substantive debt relief decisions from Eurogroup

Finance Ministers from the 19 countries that use the single currency are seeking to agree on debt relief and a sizeable cash cushion for Greece that will reassure financial markets on the ability of Athens to stand on its own. - Greece will maintain a primary surplus of 3.5 percent of its gross domestic product (GDP) until 2022 and, thereafter stick to EU budget rules, which would mean a primary surplus of 2.2 percent of GDP on average in the period from 2023 to 2060, according to European ...

Money AMC Theatres offering Movie Pass-type monthly subscription program
Author: 0 AMC Theatres offering Movie Pass-type monthly subscription program

Users will be able to see up to three movies a week, including Imax or Real 3D titles. It will also notify users of discounts on food and drink. MoviePass allows you only one movie per day. The feud escalated in January when MoviePass removed its service from 10 AMC theaters . For example: Under the new rule, a movie like Jurassic World: Fallen Kingdom would cost you another $2 on top of the $9.99 monthly subscription cost.

Money Eurozone gets deal to pave way for end to Greece’s bailout
Author: 0 Eurozone gets deal to pave way for end to Greece’s bailout

The European Central Bank meanwhile said on Friday that euro zone banks will repay 11 billion euros of ultra-cheap funding, returning only a fraction of their borrowings two years ahead of schedule. Tsakalotos' predecessor in the government, maverick economist Yanis Varoufakis, was more scathing in his assessment. The eight-year crisis toppled four governments and shrank the economy by 25 per cent.

Money Defendant in Tesla sabotage lawsuit seeks whistleblower status
Author: 0 Defendant in Tesla sabotage lawsuit seeks whistleblower status

As a result, Tripp was reassigned to a different role and expressed anger towards the company. The complaint says Tripp wrote code that was operating on three computer systems of other employees so that data could be exported after he left the company and it would look like those employees were guilty of the hacking.

Money Latest US Supreme Court decision could hit SC wallets. Here's how
Author: 0 Latest US Supreme Court decision could hit SC wallets. Here's how

So you might have to start paying sales tax alongside those non-Prime shipping charges. Numerous largest online retailers, such as Amazon , already pay sales taxes because they have enough of a physical presence in most states through their network of warehouses and distribution facilities to qualify as taxable by states.

Money President Trump threatens 20 percent tariff on European cars
Author: 0 President Trump threatens 20 percent tariff on European cars

While the results of that investigation are still weeks away, Trump raised the specter of tariffs on Twitter. Thus, while Trump can and likely will hit Europe where it hurts, the European Union has already largely exhausted its very limited ability to retaliate against America.

Money Ferrari to race into record books
Author: 0 Ferrari to race into record books

There were only 36 Ferrari 250 GTO models built, so one coming up for sale is a special occasion, and an opportunity to marvel at how they seem to rise inexorably in value as the most prized automotive art on the planet. Widely considered the most handsome Ferrari design, the model was one of the most successful road/racing cars that the marque ever built, claiming overall victory or 1st in class in almost 300 races worldwide.

Money Energy Stocks To Watch Ahead Of OPEC Meetings
Author: 0 Energy Stocks To Watch Ahead Of OPEC Meetings

The intensive negotiations between ministers in Vienna this week are the culmination of a process that has whipsawed oil markets for weeks. The accord is a much-needed show of unity from the Organization of Petroleum Exporting Countries and allies including Russian Federation.

Money Oil up nearly 3 percent as OPEC agrees to raise output
Author: 0 Oil up nearly 3 percent as OPEC agrees to raise output

That's because some OPEC members would be unable to sufficiently ramp up crude production. The green light was widely expected after energy ministers from the 14-member Organization of Petroleum Exporting Countries already agreed on Friday to raise output by one million barrels a day from July.

Money Winning! OPEC Bows to Trump's Demand for Cheaper Oil
Author: 0 Winning! OPEC Bows to Trump's Demand for Cheaper Oil

Iran, OPEC's third-largest producer, was against the agreement at first since the country is facing export-crippling USA sanctions. But since the group had gone well overboard and trimmed output by nearly 2 million barrels a day, due in large part to a steep falloff in Venezuelan oil production, respecting the original target will translate into more oil for the global market - on paper, at least.

Money Senate officially passes Canada's marijuana legalization bill
Author: 0 Senate officially passes Canada's marijuana legalization bill

Trudeau admits that provincial and territorial governments will need some extra time in order to prepare for marijuana's infiltration of the retail market. Justice Minister Jody Wilson-Raybould told reporters Wednesday the federal government won't initiate a challenge of those bans, leaving it up to residents of those provinces and territories to do so.

Money Saudi added to MSCI emerging markets index, huge inflows expected
Author: 0 Saudi added to MSCI emerging markets index, huge inflows expected

MSCI's move comes three months after another index provider, FTSE Russell, also gave Saudi Arabia emerging market status. " International investors were impressed by the speed of change in the accessibility of the Saudi Arabian equity market and the level of commitment that the Capital Market Authority (CMA) and the Saudi Stock Exchange have demonstrated", he said.

Author: 0 Supreme Court's online sales tax ruling gives states a win

Or, it could raise little new money for the state. But now he does. They also created a structure that reduces the sales tax for businesses with a physical presence inside the state . U.S. Rep. Annie Kuster, D-N.H., said online retailers are a critical component of New Hampshire's economy, and this ruling hurts their ability to compete.