Money

Author: 0 Trump says Saudi king agrees to raise oil output by 2m barrels

Mr Trump said the move was needed due to " turmoil and dysfunction in Iran and Venezuela ". The statement, however, did not mention any intention by Saudi Arabia, the world's top oil exporter, to raise production to 2 million barrels per day.

Money Iran dismisses US efforts to ban Iranian oil as 'futile'
Author: 0 Iran dismisses US efforts to ban Iranian oil as 'futile'

August Brent crude the global benchmark, rose 18 cents, or 0.2%, to $77.64 a barrel, with prices looking to again settle at the highest since May. The source was referring to the U.S. Perhaps, the speculators increased their bets on oil ahead of the OPEC meeting during the weekend. "IOCL as of today has struck deals for importing 10 million barrels from six cargoes in the spot market".

Money Elon Musk accused of stealing farting unicorn image
Author: 0 Elon Musk accused of stealing farting unicorn image

How did this happen? He created the farting unicorn mug and debuted it on his website in 2010 as a way to poke fun at people who don't really understand how electric cars work. Mr Edwards said he made a decision to speak out after he heard many stories about artists being ripped off. It started so well between Elon Musk and Tom Edwards.

Money Canada announces new reciprocal surtaxes on US steel, aluminum
Author: 0 Canada announces new reciprocal surtaxes on US steel, aluminum

The "comment suggests how severe the impact would be to GM, its employees and consumers", said Michelle Krebs, analyst with AutoTrader.com. The federal Liberal government is taking its cross-border trade dispute with the United States up a notch, unveiling an extensive final list of $16.6-billion worth of American imports that will be hit with retaliatory tariffs this weekend.

Money USA marketing firm exposes 340 million users' records on unsecured server
Author: 0 USA marketing firm exposes 340 million users' records on unsecured server

Each record potentially included more than 400 different factors, ranging from religious beliefs and what size clothing they wear, to whether they have pets or an interest in scuba diving. In this June 30, 2011 photo, Aaron Titus, chief privacy officer and vice president of business development at Identity Finder, an Internet company that develops software to find and protect sensitive data, works at his office in NY.

Author: 0 Trump asked Saudi Arabia to boost its oil production by 2M barrels

The OPEC cartel recently agreed to pump 1 million barrels more crude oil per day. The talks had centered on whether to amend an 18-month-old supply-cut deal between OPEC members and allied countries, including Russian Federation, that has cleared a global oil glut and lifted crude prices.

Money Supply disruptions, US attempts to shut out Iran buoy oil prices
Author: 0 Supply disruptions, US attempts to shut out Iran buoy oil prices

But at the moment, the Congolese government is more concerned - and rightly so - about enjoying an equilibrium in global oil markets and attracting higher investments into the sector. "What the Saudis, other GCC members and Russian Federation are clearly saying is that we don't want to overtake the market". IEA estimated OPEC had almost 3.5 million bpd in April 2018, with Saudi Arabia accounting for about 60%.

Money Rupee slumps to all-time low
Author: 0 Rupee slumps to all-time low

India is the third largest consumer of oil and the rise in prices has clearly taken a toll on the market. India must decrease dependence on Iranian oil imports, USA envoy to the United Nations Nikki Haley said in New Delhi on Wednesday after meeting Indian Prime Minister Narendra Modi.

Money End of an era: Toys 'R' Us stores close for good
Author: 0 End of an era: Toys 'R' Us stores close for good

I guess everyone has grown up. Another poster has a letter from Geoffrey that reads: 'One day, all of us will get separated from each other. "My heart is breaking", Johnpiere wrote with a photo of the store's sale signs. Toys R Us' troubles have also shaken some big toy makers like Mattel and Hasbro. Toys "R" Us chief executive officer Jerry Storch has been, "working with multiple investors on a plan to reboot the retailer in the USA, according to people familiar with the situation, who ...

Money Trump lauds Taiwan's Foxconn, threatens Harley on Wisconsin trip
Author: 0 Trump lauds Taiwan's Foxconn, threatens Harley on Wisconsin trip

Trump has levied tariffs on US allies for what he considers unfair trade practices, sparking trade disputes that Harley-Davidson cited as its reason for moving some production overseas and which Foxconn has also cited as a major challenge. "The innovation center at Green Bay will play a key role in our goal to create a vibrant AI 8K+5G ecosystem in the USA, with Wisconsin at the heart of this vision", said Terry Gou, Foxconn Founder and CEO during a press conference Friday morning.

Author: 0 GM may slash American jobs because of Trump tariffs

GM also warned that the additional auto tariffs - on top of the steel and aluminum tariffs already in place - would at some point trickle down and be felt by customers, affecting demand for new vehicles. "Even the Toyota Camry, the best-selling vehicle in America, made in Georgetown, Kentucky, would face $1,800 in increased costs". The remarks were made to the Department of Commerce, which is investigating whether to recommend the tariffs.

Money Automakers warn US tariffs will hurt industry, consumers alike, cost jobs
Author: 0 Automakers warn US tariffs will hurt industry, consumers alike, cost jobs

Volkswagen is one of many automakers warning about the negative impact of Donald Trump's proposed auto tariffs. A 25% tariff on imported vehicles and vehicle components would result in a 1.5% decline in production and cause 195,000 US workers to lose jobs over a period of one to three years, or possibly longer, according to the Peterson Institute for International Economics.

Money Markets Right Now: Stocks opening down on Wall Street Monday
Author: 0 Markets Right Now: Stocks opening down on Wall Street Monday

Federal Reserve's decision earlier in June to rate interest rates. The market recovered from its lows after Peter Navarro, one of President Donald Trump's top trade advisers, told CNBC there was no plan for investment restrictions and that the administration's probe into alleged technology theft is limited to China.

Money Indians' money in Swiss banks rises 50% in one year
Author: 0 Indians' money in Swiss banks rises 50% in one year

On Thursday, Switzerland released data which showed money parked by Indians in Swiss banks rose over 50 per cent to 1.01 billion CHF (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there.

Money Boeing releases rendering of hypersonic jet
Author: 0 Boeing releases rendering of hypersonic jet

Supersonic commercial flying was grounded with the Concorde but aircraft manufacturers have been working on concepts of ultra-fast jets over the past few years which may enable us to fly supersonic once again. That's because exceeding Mach 5 requires more advanced engines and materials which aren't worth the effort at this point in time. Highlighted 15 years after the iconic Concorde made its final supersonic passenger flight, Boeing's concept aims to fly much faster with a theoretical ...

Money China eager to defuse trade pressures
Author: 0 China eager to defuse trade pressures

Australia's S&P/ASX 200 added 0.3 percent to 6,215.40. The benchmark CSI300 Index and the Shanghai Composite Index both dropped by more than half a per cent in early trade. WALL STREET: U.S. stocks finished slightly higher Tuesday, a day after heavy sell-offs. European shares were expected to open flat, while E-mini futures for the S&P 500 were off 0.18 per cent.

Money Sweltering Europe loses its fizz as Co2 shortage hits drinkers
Author: 0 Sweltering Europe loses its fizz as Co2 shortage hits drinkers

Fizzy drinks are in short supply in the United Kingdom thanks to a monumental shortage of food-grade carbon dioxide (CO2). CO2, well-known as a greenhouse gas, is also used to stun animals before slaughter, to increase the shelf-life of foods and to make dry ice, which keeps frozen food cold in transit.

Money Amazon needs help delivering packages. Here's how to cash in
Author: 0 Amazon needs help delivering packages. Here's how to cash in

According to a press release , owners can earn as much as $300,000 in annual profit operating a fleet of up to 40 delivery vehicles. Interested in Amazon? Add Amazon as an interest to stay up to date on the latest Amazon news, video, and analysis from ABC News.

Money Ash from Bali volcano shuts airport; passengers stranded, villagers flee
Author: 0 Ash from Bali volcano shuts airport; passengers stranded, villagers flee

The Indonesian tourist island of Bali closed its worldwide airport on Friday, stranding thousands of travellers, as the Mount Agung volcano gushed a 2,500-metre column of ash and smoke. However, it added, several flights remained as scheduled until further notice. The initial numbers given were almost 450 flights cancelled and 75,000 travellers affected.

Money Mattis visits China amid Korea talks, strategic tensions
Author: 0 Mattis visits China amid Korea talks, strategic tensions

This leaves a trade deficit of $375 billion. Soybeans are China's biggest import from the United States by value. The German DAX lost 2.46%, the UK's FTSE dropped 2.24% and the French CAC went down 1.92% and it seems logical that we cop it today.

Money BMW executive says would shut United Kingdom plants if Brexit hits supply chain
Author: 0 BMW executive says would shut United Kingdom plants if Brexit hits supply chain

In the interview with the FT, BMW customs manager Stephen Freismuth made it clear that even though the company is now committed to remaining in the United Kingdom, outside forces might disrupt that plan. Passenger jet maker Airbus has also warned it could also pull out of the United Kingdom with the loss of thousands of jobs if Britain crashes out of the European Union without a deal.

Money If you make less than $117,400, you're 'low income' - in San Francisco
Author: 0 If you make less than $117,400, you're 'low income' - in San Francisco

A six-figure income might seem impressive in some parts of the country, but in the San Francisco Bay Area it's practically pocket change, according to a new federal report. "For someone who loves the Bay Area, and loves Richmond, that breaks my heart", Galindo said. "You're going to have to trade off higher-cost housing for it in this area".

Money Protesters swarm Iran's Grand Bazaar in Tehran
Author: 0 Protesters swarm Iran's Grand Bazaar in Tehran

Amid the protests , the Iranian administration announced that will create a parallel market next week in a bid to combat the black market and facilitate the trade of foreign currencies in the country. Mehrdad Emadi, an Iranian economist who heads energy risk analysis at London's Betamatrix consultancy, said the sanctions threat was strengthening interests in the Iranian government that favored tighter state control of the economy.

Money Trump softens threat of new curbs on Chinese investment in USA firms
Author: 0 Trump softens threat of new curbs on Chinese investment in USA firms

Trump added that upon final passage of the legislation, the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies".

Money Erdogan declared victor of Turkey presidential polls
Author: 0 Erdogan declared victor of Turkey presidential polls

As the leader of the ruling AKP party, he will hold the majority vote in the parliament - in effect, he will control the legislative branch. In their phone conversation, Trump and Erdogan emphasized the need to implement the endorsed plan on Manbij and agreed to work together in the fight against terrorism, the Turkish presidency said in a statement.

Money Trump threatens Harley over move to Thailand
Author: 0 Trump threatens Harley over move to Thailand

The president is tweeting that Harley-Davidson, which already has some production in foreign markets, "should stay 100 percent in America". The retaliatory tariffs imposed by the European Union are in response to President Trump's trade measures, deciding to increase import duties of steel and aluminium imports.

Money Walker on Harley: best answer is no tariffs
Author: 0 Walker on Harley: best answer is no tariffs

Trump tweeted "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". Trump tweeted. "Their employees and customers are already very angry at them". Companies are now coming back to America. " Harley Davidson maintains a strong commitment to US -based manufacturing which is valued by riders globally".

Money China, France Agree To Expand Trade, EU Raises
Author: 0 China, France Agree To Expand Trade, EU Raises "Difficult Issues"

It's a move that would put Washington's brewing trade war with Beijing on a potentially irreversible course, even as Chinese authorities have looked for ways to reach a detente with the U.S. As reported by the Wall Street Journal , unnamed sources within the White House are warning that US President Trump is trying to figure out how to further impede Chinese investment money from making its way into the US.

Money Oil drops after OPEC+ output deal, but markets to stay tight
Author: 0 Oil drops after OPEC+ output deal, but markets to stay tight

Accordingly, at the bi-annual meeting in Vienna last week, the oil cartel, along with its Non-OPEC allies, made a decision to increase its output by 600,000 bpd, six months ahead of the expiration of its existing agreement. He said that country and others like Iran and Angola could offset increases from the rest of OPEC and Russian Federation, resulting in a much tighter market.