Money

Author: 0 Trump, NAFTA and Global Trade | US & Canada

USA and Canadian negotiators worked throughout the week on adding Canada to Friday's notice, but the negotiations failed to produce an agreement ahead of Mr Trump's own Friday deadline. The deal announced Monday would, among many other things, require that 40 percent to 45 percent of a vehicle be made in a North American country where auto workers made at least $16 an hour - that is, not in Mexico - before qualifying for duty-free status.

Money Cboe Prepares to Release a New Crypto Futures Option
Author: 0 Cboe Prepares to Release a New Crypto Futures Option

This was revealed in a report from the specialized portal Business Insider , in which they mention that CBOE Global Markets , would be "ready" to make this business move soon. As CCN reported , many analysts including researchers at the U.S. Federal Reserve attributed the start of the cryptocurrency market decline to heavy shorting in bitcoin futures markets.

Money Trump nixes federal pay raise
Author: 0 Trump nixes federal pay raise

But in a letter to House Speaker Paul Ryan on Thursday , Trump wrote, "We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets can not sustain such increases". The Congressional Budget Office (CBO) estimates that $804 billion will be added to the federal budget deficit by the end of this year, $139 billion more than was recorded last year.

Money Investors await new Argentina fiscal plan after peso tumbles
Author: 0 Investors await new Argentina fiscal plan after peso tumbles

Macri said. But analysts said the government needs to provide more detail about how it plans to achieve aggressive International Monetary Fund fiscal targets, if markets are to be assuaged. Argentina had secured the biggest International Monetary Fund bailout in history in June this year as its government needed help to rein in soaring twin deficits in the country and prop up the Argentine peso.

Author: 0 Import Tariffs Kill the Last Ford Focus for the US Market

But the Trump administration's planned tariffs on Chinese imports would make the plan too expensive. Trump's move to slap China-built autos with an additional 25 per cent levy in July undermined the profitability of the Focus Active that Ford planned to start shipping into the USA about a year from now, Kumar Galhotra, president of North America, said in a conference call with reporters.

Money Indian Rupee slumps to record low of 71 per dollar
Author: 0 Indian Rupee slumps to record low of 71 per dollar

Rupee struck the biggest fall in one month to touch 71 against dollar as it fell by 26 paise on Friday. Experts said the RBI had not been intervening aggressively to defend the rupee, which has depreciated more than 9% against the dollar in 2018.

Money At 8.2 per cent, GDP clocks highest growth rate in 3 years
Author: 0 At 8.2 per cent, GDP clocks highest growth rate in 3 years

Industry bodies have said India's economic growth of 8.2 per cent in the April-June quarter is an outcome of reforms undertaken by the government in the last four years. India's $2.6 trillion economy surpassed France's in 2017 to become the world's sixth largest, and it was not far behind the United Kingdom, according to World Bank data.

Money Why Canada's exclusion from US-Mexico deal raises obstacle
Author: 0 Why Canada's exclusion from US-Mexico deal raises obstacle

The president says he will be calling Canadian Prime Minister Justin Trudeau . Canada tried to offer more dairy market access to the USA during NAFTA talks in May, but the US refused, the report said. She praised Mexico's willingness to make hard concessions on auto trade and labor issues, which helped pave the way for a three-party agreement. She added: "Our workers have been concerned for a long time - it was one of our election issues - about the ways in which trade agreements can ...

Money WTO chief says 'no panic' over Trump withdrawal threat
Author: 0 WTO chief says 'no panic' over Trump withdrawal threat

In an Oval Office interview with Bloomberg News , Trump said the agreement establishing the body "was the single worst trade deal ever made". A USA withdrawal from the WTO would severely undermine the multilateral trading system that the United States helped to build.

Money NAFTA renegotiation talks turn bitter at critical stage
Author: 0 NAFTA renegotiation talks turn bitter at critical stage

Trump , in a statement, also praised the deal - even though it does not include Canada, one of the original members of the 24-year-old North American Free Trade Agreement. As negotiations went down to the wire earlier on Friday, Trump, who has been highly critical of Canada's managed dairy market, confirmed he was taking a hardline stance in the talks.

Money India´s economic growth surges to 8.2pc
Author: 0 India´s economic growth surges to 8.2pc

The manufacturing and construction sectors were among those that grew at more than 7% during the quarter, the government said. Manufacturing GVA grew by 13.5 percent versus a negative 1.8 percent in the same period of last fiscal. He said the country's growth rate might decline in the third and fourth quarters and be the same as that reported in the last fiscal. While this isn't the official so-called back series, it was immediately pounced upon by the Congress, which lead the United ...

Money Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola
Author: 0 Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola

At the time, it had just 39 outlets. She expects Coke to use the Costa name to create a range of ready-to-drink, cold-brew coffees. Speaking to the BBC, Whitbread's chief executive Alison Brittain described the sale as a "win-win", saying, "you could see Costa absolutely everywhere, in vending machines, hotels, restaurants, pubs, cafes - in all the places you see Coke today".

Money European Union to recommend that member states abolish daylight saving time
Author: 0 European Union to recommend that member states abolish daylight saving time

President Donald Trump has reportedly rejected as "not good enough" a European Union proposal scrapping tariffs on automobiles, a move which threatens to amplify a simmering trans-Atlantic trade dispute. "We will decide that today", Juncker said. The EU is "almost as bad as China, just smaller", he said. Trump has ordered his Commerce Department to investigate whether vehicle imports imperil national security, under the same provision he invoked to impose global tariffs on steel and aluminum ...

Money Luxury sports auto maker Aston Martin arranging IPO
Author: 0 Luxury sports auto maker Aston Martin arranging IPO

The company announced the go-public intention on Wednesday along with its impressive half-year earnings release, which saw strong upticks in both sales and profit from a year ago. Emerging from its reputation as a perennial loss-maker is all well and good, but Aston still requires significant cash flow to continue investment in its three-pillar product strategy - the famous Second Century Plan.

Author: 0 Panasonic moves European headquarters to Amsterdam because of Brexit

The Japanese government has previously warned that its companies could move their business elsewhere in Europe following Brexit. Laurent Abadie, the newspaper said, feared Panasonic being hit with back taxes in the electronics firm's home market if the United Kingdom government carried through threats to protect foreign investment after Brexit by further slashing corporate tax rates.

Money Theresa May downplays Philip Hammond's no-deal Brexit warning
Author: 0 Theresa May downplays Philip Hammond's no-deal Brexit warning

Prime Minister Theresa May indicated Tuesday that a no-deal Brexit would not be a disaster for Britain, playing down warnings of serious consequences for the United Kingdom economy. London and Brussels hope to strike a deal by October, to allow its ratification by the European and British parliaments before Britain leaves the EU.

Author: 0 Argentina Hikes Interest Rate to 60 percent as Peso Crashes

The selloff in the Argentine peso continued Thursday, sending the currency to a record low against the US dollar after the government of President Mauricio Macri asked the International Monetary Fund to speed up disbursements on a $50 billion bailout package.

Money Pres. Trump cancels pay raises for most federal employees
Author: 0 Pres. Trump cancels pay raises for most federal employees

The president said he's determined that for 2019 "both across-the-board pay increases and locality pay increases will be set at zero". In his letter, Trump stressed a pay freeze would not affect the federal government's ability to attract qualified workers, and wrote the government would focus on "recruiting, retaining and rewarding high-performing Federal employees and those with critical skill sets".

Author: 0 Argentina spikes key interest rate as its currency plunges

The last one, which was punctuated by a 2002 debt default, tossed millions of middle-class Argentines into poverty. While analysts have praised moves such as obtaining the International Monetary Fund credit line in June and previous rate increases, there's also lingering suspicion that officials lack the political will to make the spending cuts and tax increases necessary to tame inflation and restore growth.

Money Ontario judge rules in favour of Tesla in rebate program dispute
Author: 0 Ontario judge rules in favour of Tesla in rebate program dispute

News broke just over a week ago that Elon Musk was suing the Government of Ontario over a discrimination claim. Tesla launched the ideal petition after Ontario's Revolutionary Conservative authorities ended the rebate program on July eleven, but said it may maybe well lengthen the rebates to vehicles already offered thru dealerships in the event that they trust been delivered and registered interior 60 days.

Money Tesla auto flies more than 100 feet through the air
Author: 0 Tesla auto flies more than 100 feet through the air

This is the startling moment a Tesla vehicle loses control and becomes airborne before crashing into an elementary public school in Ontario, Canada . Barrie Police warned fellow drivers on Twitter . After the crash, the four-door Model S was completely demolished. Driving adventurously might sound cool to some drivers; however, it is a risky activity not only for the drivers overspeeding their cars but also for the people on the road.

Money Warren Buffett's firm makes an unlisted Indian entry
Author: 0 Warren Buffett's firm makes an unlisted Indian entry

Billionaire Warren Buffett's Berkshire Hathaway has picked up stake in Paytm and will get a position on the Board, the largest digital payments company in India said today. He said he uses his iPad "a lot", and that the iPhone is "enormously underpriced" even when it costs $1,000, given how indispensable it has become for so many people.

Money Trans Mountain Pipeline Approvals Quashed By Federal Court
Author: 0 Trans Mountain Pipeline Approvals Quashed By Federal Court

The court concluded the federal government failed in its duty to engage in meaningful consultations with First Nations before approving it. Earlier this year, Wilson flew to Kinder Morgan headquarters in Houston, Tex., where she spoke to company shareholders about concerns her band has with the project.

Author: 0 Argentina now has highest interest rate in the world

Nerves are frayed in Latin America's third biggest economy as it struggles to break free from its notorious cycle of once-a-decade financial crises. The bank issued a statement saying it called a special meeting of its monetary policy committee, which voted unanimously to hike its key interest rate "in response to the foreign exchange rate situation and the risk of greater inflation".

Money Russia-Turkey alliance surviving Idlib test -- for now
Author: 0 Russia-Turkey alliance surviving Idlib test -- for now

Brunson, who has already spent almost two years behind bars in Turkey, has denied the charges , calling them "shameful and disgusting". Erdogan has cast the lira slide as the result of an "economic war" against Turkey, a comment echoed by his spokesman last week when U.S.

Money JetBlue Raises Baggage Fee To An Industry High
Author: 0 JetBlue Raises Baggage Fee To An Industry High

The airlines are raising the fee for the first checked bag by five-dollars to 30-dollars and by 20-dollars for the second bag to 50-dollars. "I've been predicting this for years that bag fee inflation would help airlines cope with high fuel prices rather than raising fares", George Hobica, president of the flight research and deals site Airfarewatchdog.com , explained to the industry publication Travel Weekly .

Money Uber to diversify into electric bikes and scooters to drive growth
Author: 0 Uber to diversify into electric bikes and scooters to drive growth

Khosrowshahi admitted that they earn less with bike rides compared to regular auto bookings, but remains optimistic that it will be profitable once customers use the service more regularly. It's Jump electrical bikes are within easy reach in eight USA cities, which includes NY and Washington, and soon will be available in Berlin also. One of them is the refusal of short urban trips by auto.

Money Facebook Watch, the company's YouTube competitor, gets released globally
Author: 0 Facebook Watch, the company's YouTube competitor, gets released globally

More than 50 million people in the U.S. use Watch every month, the company said in a blog post . Facebook is launching its video platform Facebook Watch internationally. Pages within the designated countries that have 10,000 or more followers and have been able to generate 30,000 one-minute video views in total over the past two months will now be able to monetize their videos with the expanded release of Ad Breaks.

Money TPG, Vodafone Australia to merge in bid to compete against Telstra, Optus
Author: 0 TPG, Vodafone Australia to merge in bid to compete against Telstra, Optus

Follow Business Insider Australia on Facebook , Twitter , LinkedIn , and Instagram . Following the merger, Vodafone Australia should have a net debt of around AU$1.944 billion plus a spectrum payment of AU$80 million on January 31, while TPG will have a net debt of around AU$1.672 billion plus a spectrum payment of AU$352 million on January 31, with Berroeta calling the merged entity "a more sustainable company".