Money

Money Hyundai quick to quell FCA takeover rumors
Author: 0 Hyundai quick to quell FCA takeover rumors

One caveat with that, however, is that Hyundai CEO Mong-koo is 80 years old, so retirement is looming. The report suggests that the bid will likely take place before FCA CEO Sergio Marchionne steps down in May 2019. Hyundai could be a good partner to FCA since it is now relatively weak in the Asian region, where Hyundai has a strong base. Last but not least is an existing free trade agreement between the United States and South Korea, which would make parts sharing much easier, as well as ...

Money European Union to Trump: Look at services when griping about trade deficit
Author: 0 European Union to Trump: Look at services when griping about trade deficit

At a meeting of the World Trade Organization, major United States trade partners have warned about the consequences of a possible U-S decision to impose additional tariffs on auto imports. The warning, issued by the Chinese Embassy in Washington last week, says Chinese citizens should be aware that medical treatment is expensive in the U.S.

Author: 0 Trump Says Saudis Must Compensate For Drop In Iran Oil Supply

WTI oil prices dipped into 71.80 at the market's open this week, but has since recovered above 72.50, though current prices are still below Friday's closing price of 73.54. A US State Department official said in a briefing that more than 50 worldwide companies intend to drop the use of Iranian oil before the 4 November restart of the sanctions.

Money Tariffs on European cars could cut U.S. production — BMW warns officials
Author: 0 Tariffs on European cars could cut U.S. production — BMW warns officials

Department of Commerce and government agencies in China , the EU, Mexico, and Canada. President Donald Trump cited national security concerns for the previous tariffs. The EU delivered its warning as it emerged that the largest business lobby group in the USA had written to the president to say a global trade war risked damaging his tax cut-led efforts to kickstart the economy.

Money ‘Impeach 45' apparel at Walmart sparks calls for boycott
Author: 0 ‘Impeach 45' apparel at Walmart sparks calls for boycott

He asked the company about the baby clothes in a tweet: "What kind of message are you trying to send?" Trump supporters took to Twitter with the hashtag #BoycottWalmart . It's not the first time Walmart has gotten into hot water for controversial t-shirts for sale on its website. Walmart came under fire for another incident last November when customers noticed a shirts that read, "Rope.

Money Angela Merkel deflects coalition crisis with compromise
Author: 0 Angela Merkel deflects coalition crisis with compromise

For the moment, the truce clears an obstacle that was eroding the chancellor's authority at a time when her challenges include a trade conflict with US President Donald Trump, the UK's exit from the European Union and rising populism across Europe.

Money President Trump Hopes For Good Ties With New President-Elect Of Mexico
Author: 0 President Trump Hopes For Good Ties With New President-Elect Of Mexico

All the candidates are lambasting President Donald Trump's policies against migrants and Mexico, but voters were wondering who could best deal with Trump. The new president will take office on December 1. Although the left-wing populist has railed against Trump's highly-contested border policies, Trump tweeted his congratulations on Monday, adding that he looks "very much forward to working with him".

Money Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls
Author: 0 Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls

Mexico's next President Andres Manuel Lopez Obrador addresses supporters, in Mexico City, Mexico July 1, 2018. Newspaper El Financiero's exit poll gave him 49 percent of the vote to 27 percent for Anaya and 18 percent for Meade. While analysts said it may be a few days before the makeup of congress is clarified, Eurasia Group said Lopez Obrador's large margin of victory suggests his party would have a strong position in both houses and be able to attract support from smaller parties as well.

Money LeBron James signs four-year deal with Los Angeles Lakers
Author: 0 LeBron James signs four-year deal with Los Angeles Lakers

A new iteration was installed in 2014, upon James' return to Cleveland and since served as a mainstay of the downtown area. Few can admit that they were ready for the seismic upheaval that befell the state of OH after LeBron James chose to accept an offer to play for the Los Angeles Lakers , leaving the Cleveland Cavaliers after four years of taking the team to the NBA Finals.

Money Lyft buys Capital Bikeshare operator
Author: 0 Lyft buys Capital Bikeshare operator

A year ago 80% of bike share trips in the United States were on Motivate bikes, according to Lyft. "Lyft and Motivate have both been committed for years to the same goal of reducing the need for personal vehicle ownership by providing reliable and affordable ways to move around our cities", John Zimmer, Lyft co-founder and president, said in a statement.

Author: 0 Mexico's next president is the flawless foil to Trump

With almost three-quarters of the ballots counted, Lopez Obrador had about 53 per cent of the vote - the most for any presidential candidate since 1982, a time when the Institutional Revolutionary Party was in its 71-year domination of Mexican politics and ruling party victories were a given.

Money HTC announces plans to cut 1500 jobs in Taiwan
Author: 0 HTC announces plans to cut 1500 jobs in Taiwan

Smartphone-maker HTC is to cut 1,500 jobs in Taiwan , about a quarter of its global workforce. Assistance will obviously be provided to all dismissed employees conforming to corporate social responsibility standards. The move is also part of a broader plan that brings HTC's smartphone and VR businesses under common leadership in each region. Following the Google deal, HTC announced its first quarterly gains for nearly three years in May, posting a net profit of Tw$21.1 billion.

Author: 0 Dutch Prime Minister Mark Rutte Tells Off Trump Right To His Face

Rutte said the talks would focus on jobs and security and told Trump: "Our aim will be to increase those numbers, to be more successful". "The European Union would therefore caution the United States against pursuing a process which could result in yet another disregard of global law, which would damage further the reputation of the United States and which the worldwide community cannot and will not accept", the EU report said .

Money Amazon Prime Wardrobe Officially Launched for US Prime Members
Author: 0 Amazon Prime Wardrobe Officially Launched for US Prime Members

The service allows shoppers to order clothes, shoes and accessories to try on at home. From there, customers have seven days to decide what they want to keep. TechCrunch reports the service mostly "favors" Amazon's in-house clothing brands like Amazon Essentials, but it also includes some of the high-end fashion brands like Tommy Hilfiger, Calvin Klein , Lacoste, Levi's, Hugo Boss, etc.

Money Kuwait to raise oil output by 85000 bpd -minister
Author: 0 Kuwait to raise oil output by 85000 bpd -minister

Last week, members of the Organization of the Petroleum Exporting Countries , agreed to pump one million barrels more crude oil a day, but summer usually leads to a demand for oil in the USA, in turn pushing up prices. Furthermore, investors continue to price the expectations of Iran's supply getting cut from the markets on the US & its allies sanctions. That raises the odds of a much more serious outage from Iran than previously expected.

Money Five Years After Going Private, Dell Is Going Public Again
Author: 0 Five Years After Going Private, Dell Is Going Public Again

The shares, worth about $17 billion as of Friday, were created to mirror the value of software maker VMware Inc ., in which Dell has a controlling stake. VMware is a subsidiary of a subsidiary, and DVMT represented a mere 65-percent stake of a subsidiary's ( EMC's ) 81-percent stake in a subsidiary (VMware).

Money Cardinals players react to LeBron James heading to Lakers in NBA
Author: 0 Cardinals players react to LeBron James heading to Lakers in NBA

The most obvious name thus far hasn't been a free agent, but a guy under contract and unhappy with the San Antonio Spurs . LeBron James is trading in his hometown jersey and will trek to Los Angeles . One of the first Lakers to talk to James following the announcement was none other than legend Kobe Bryant , who told CBS2's Jim Hill his relationship to James is more like an older brother rather than a rival.

Money Tesla hits Model 3 manufacturing milestone, hours after deadline
Author: 0 Tesla hits Model 3 manufacturing milestone, hours after deadline

Tesla confirmed the contents of the email. Musk said the company hit its target of 5,000 Model 3s in a week, according to an email sent to employees yesterday afternoon and seen by Reuters . "Intense in tents. Transporting entire production lines across the world in massive cargo planes". "With the widespread productivity gains throughout Tesla and the new production lines spooling up, we are on track to reach 6K/week for Model 3 next month", he said.

Money Dele Alli confirms availability for England to face Colombia
Author: 0 Dele Alli confirms availability for England to face Colombia

I always want to do that". "I believe I am ready". But he insists he did not make a mistake in initially playing on. But the stark contrast between thrashing Panama 6-1 and a tame defeat without the same energy, excitement or end product, only served to show Southgate's squad is not as deep as he would wish.

Money Iran urges OPEC members to refrain from unilateral actions
Author: 0 Iran urges OPEC members to refrain from unilateral actions

The letter calls on the president of OPEC to "remind" member states to "adhere to their commitments. and refrain from any unilateral measures undermining the unity and independence" of OPEC. "The Trump Administration's plan for Iran sanctions is now abundantly clear". Washington aims to cut Iran's oil sales, First Vice President Es'haq Jahangiri said, adding that this is an impossible measure.

Money Tata Steel Ltd - Thyssenkrupp Tata Steel - European Steel Joint Venture
Author: 0 Tata Steel Ltd - Thyssenkrupp Tata Steel - European Steel Joint Venture

The deal was a "strong answer to the challenges in the steel market", and would create €5 billion in additional value for both the companies, the two steelmakers said in a joint statement . However, the transaction is subject to merger control clearance in several jurisdictions, including the European Union (EU). Only after completion of the JV process, Thyssenkrupp Steel Europe and Tata Steel in Europe will be integrated as one company.

Money US Coast Guard searching for missing cruise ship crewmember north of Cuba
Author: 0 US Coast Guard searching for missing cruise ship crewmember north of Cuba

But on Sunday morning, the unidentified crew member was spotted in the ocean by a cabin steward on board the Glory as it sailed by Cuba. Both the Glory and the Getaway were on cruises out of Miami . "This is nothing short of miraculous". The Coast Guard reports the missing crew member is in stable condition, and the incident is under investigation.

Money Trump urges Saudis to raise oil output 'by two million barrels'
Author: 0 Trump urges Saudis to raise oil output 'by two million barrels'

A gallon of regular gasoline sold on average in the United States for Dollars 2.85, up from USD 2.23 a gallon a year ago, according to AAA. Although high oil prices benefit the USA shale oil producers to ramp up their output and increase their revenues, Trump is also believed to prefer keeping prices low for American consumers at pumping stations before the mid-term elections in November.

Author: 0 Tata Steel Ltd. - Thyssenkrupp Tata Steel - European Steel Joint Venture

Now that they are together, the steelmaking joint venture aims to produce 35,000 million tonnes of cold rolled grain oriented steel every year from its expanded factory, instead of the earlier capacity of 10,000 tonnes per annum. Tata Steel will transfer Euro 2.5 billion (Rs 20,000 crore) debt to the JV, thereby reducing consolidated gross debt on the balance sheet from Rs 92,147 crore (as on March 31, 2018).

Money Faster delivery of nearly everything is the next big thing | AP business
Author: 0 Faster delivery of nearly everything is the next big thing | AP business

Amazon says it will offer support to business owners and those wanting to start a delivery business, including discounts on insurance, technology and other services. Recently, the company has come under fire from President Donald Trump who tweeted that Amazon should pay the U.S. Postal Service more for shipping its packages.

Money Prepare yourselves: There could be a crumpet shortage
Author: 0 Prepare yourselves: There could be a crumpet shortage

While supplies of Carbon dioxide had been made to one of its plants, Warburton's said there was "no end in sight". The shortage of supplies of Carbon dioxide - a by-product of making ammonia used in fertiliser production - has already forced wholesaler Booker to restrict supplies of some beers and carbonated drinks.

Money Enbridge says Line 3 work may start in November
Author: 0 Enbridge says Line 3 work may start in November

The Minnesota Public Utilities Commission on Thursday determined the project is necessary and approved the company's preferred route across northern Minnesota with minor modifications. It says replacing the deteriorating old Line 3 from Alberta to Wisconsin will ensure the safety of critical energy infrastructure and ensure reliable crude oil supplies for regional refineries.

Money Adidas warns of possible systems breach
Author: 0 Adidas warns of possible systems breach

So far, Adidas believes contact information, usernames, and encrypted passwords were taken for "a few million consumers". Adidas's preliminary investigation shows that contact information, usernames and encrypted passwords might have been exposed.