Money

Money Trump hails 'wonderful new trade deal' with Mexico and Canada
Author: 0 Trump hails 'wonderful new trade deal' with Mexico and Canada

Outgoing President Enrique Pena Nieto said via Twitter on Monday the deal negotiated over the last 13 months "achieves what we proposed at the beginning: a win-win-win agreement ". One solution might be to imitate the provisions of the bilateral Mexico-U.S. deal on NAFTA. Canada gave up some access to its dairy, egg and poultry industries but will keep its agricultural supply management system and avoid punishing auto tariffs under the new North American trade deal.

Money VP Pence accuses China of interfering in U.S. politics, IP theft
Author: 0 VP Pence accuses China of interfering in U.S. politics, IP theft

The speech, which will likely strain relations further, came days after a Chinese military vessel almost collided with a US Navy ship in the waters around the disputed Spratly Islands in the South China Sea. Pence lashed out at China for focusing its retaliatory tariffs on states vital to the Republicans' electoral chances. Washington has long identified China as a major culprit in the cyber hacking of USA government and corporate databases but US officials and independent analysts say ...

Money Aston Martin makes disappointing market debut | 3 October 2018
Author: 0 Aston Martin makes disappointing market debut | 3 October 2018

All of this is boosted by increasing sales, as well as exciting projects such as the Adrian Newey-designed Valkyrie and the continuation range which makes classics such as the DB4 Zagato and iconic DB5 James Bond auto. The British supercar maker is now owned by Italian and Kuwaiti shareholders, alongside other minority investors. In August, Aston Martin reported half-year profits of £42m.

Money Toyota recalls more than 2.4 million cars over crash fault
Author: 0 Toyota recalls more than 2.4 million cars over crash fault

A number of Toyota Prius , Prius+ and Auris hybrid vehicles have been recalled over an issue with the failsafe driving mode. In recent years, Toyota has had to recall large numbers of cars for various reasons, including faulty airbags supplied by vehicle parts firm Takata.

Author: 0 'We will not stand down,' VP Pence warns China

China hit back furiously on Friday, branding Pence's accusation as "ridiculous", groundless and slanderous. Speaking on behalf of the White House, he held up the recent clash between USA and Chinese warships in the South China Sea as an example of Chinese "aggression".

Money Fuel prices to be frozen for a ninth year
Author: 0 Fuel prices to be frozen for a ninth year

Christopher Snelling, Head of UK Policy at FTA explains: "UK logistics operators already pay one of the highest rates of fuel duty in Europe, so we're pleased the government has chose to continue the freeze for another year". Claire Haigh, Chief Executive of campaign group Greener Journeys, said: "Extending the freeze ... is a disastrous move which will have a severe impact on air pollution and public health in the UK".

Author: 0 Pompeo will meet Kim Jong-un on Sunday, US State Department says

US Secretary of State Mike Pompeo will visit North Korea on Sunday to meet with leader Kim Jong-un and try to push denuclearisation efforts forward, the State Department said. Pompeo, who is trying to arrange a new summit between Kim and US President Donald Trump, will also head to US allies Japan and South Korea, as well as North Korea's chief ally China, spokeswoman Heather Nauert said on Tuesday.

Money Jaitley lowers petrol, diesel prices by Rs 2.5 per litre
Author: 0 Jaitley lowers petrol, diesel prices by Rs 2.5 per litre

Petrol, diesel prices across the country scaled new heights on Thursday, with diesel prices reaching Rs 80.10 per litre and petrol reaching Rs 91.34 per litre in Mumbai . "The government's capacity to provide relief is only when domestic factors are strong", he said. Except the Current Account Deficit (CAD), which is directly linked to oil prices, all other data are encouraging, he said.

Money USA and Canada agree free trade deal
Author: 0 USA and Canada agree free trade deal

WATCH above to hear Toronto Sun columnist Lorrie Goldstein break down the new NAFTA reboot with our host Mark Daniell and if Canada comes out a victor or loser out of this deal. Trump said he would sign the final agreement in late November, in about 60 days, and the pact is expected to be signed by Canadian Prime Minister Justin Trudeau and outgoing Mexican President Enrique Pena Nieto before he leaves office December 1.

Money Washington Post columnist goes missing at Turkey consulate as fiancée waits outside
Author: 0 Washington Post columnist goes missing at Turkey consulate as fiancée waits outside

Khashoggi, a former Saudi newspaper editor and adviser to the retired Saudi intelligence chief Prince Turki al-Faisal, has lived in self-imposed exile in Washington DC for more than a year. The Saudi Arabia flag flies over the consulate in Istanbul on October 3, 2018. He has lived in self-imposed exile in the United States since previous year and said that he feared arrest if he remained there.

Money Reactions to USMCA trade deal criticize Trudeau government's concessions
Author: 0 Reactions to USMCA trade deal criticize Trudeau government's concessions

On the campaign trail, Donald Trump harshly criticized free trade deals, threatening to withdraw the US from the Trans-Pacific Partnership as well as the North American Free Trade Agreement, which he called " the worst trade deal ". Department of Agriculture characterized as one of the most successful trade agreements in history. "WCIT is encouraged that the administration has struck a deal with Canada and Mexico to revise the NAFTA ".

Money Dairy Farmers of Ontario slams USMCA trade deal
Author: 0 Dairy Farmers of Ontario slams USMCA trade deal

He withdrew the U.S. from the TPP within days of taking office, and over the weekend announced a new deal, called the U.S. -Mexico-Canada Agreement, or USMCA , to replace NAFTA. Some lawmakers immediately expressed relief that Canada had been reinstated in the regional trading bloc. "NAFTA is a proven success". President Donald Trump said he plans to sign the updated version of NAFTA by the end of November, which will then be submitted to Congress for approval.

Money Oil Advances as Trump and Saudi King Discuss Market Stability
Author: 0 Oil Advances as Trump and Saudi King Discuss Market Stability

Meanwhile, the US West Texas Intermediate (WTI) crude futures were also up by USD$1.66, or 2.3 percent, putting a hefty USD$74.91 per barrel price - the company's highest since July. Consequently, this suggests that China is bowing to pressure from the USA to bring purchases down to zero despite previously stating that they would not stop buying Iranian oil.

Money Doug Ford concerned about USMCA dairy concessions
Author: 0 Doug Ford concerned about USMCA dairy concessions

Taylor says this deal will undoubtedly have Canadian dairy farmers questioning their futures and how many more cuts at their farm gate they can take. "I know we're taking one for the team, but I hope the rest of the team can stand up and help us out here", Ruiter said.

Money Primera Air goes bust: All you need to know
Author: 0 Primera Air goes bust: All you need to know

At the time that the news was announced, there were only three Primera flights in the air, and one of the airline's planes had already been impounded at Stansted airport in London. In most circumstances they will need to provide you with an alternate flight. Birmingham Airport referred customers to the Civil Aviation Authority advice, which urged those expecting return flights to the United Kingdom with the operator to make fresh arrangements home.

Author: 0 LNG Canada project in British Columbia given final approval by shareholders

Once the facility is built, each company will be responsible for providing its own natural-gas supply and "will individually offtake and market its share of LNG", according to LNG Canada. "Adding such a massive new source of GhGs means that the rest of our economy will have to make even more sacrifices to meet our climate targets", Weaver said in a release.

Money FEMA plans nationwide emergency phone message test for Wednesday, Oct. 3
Author: 0 FEMA plans nationwide emergency phone message test for Wednesday, Oct. 3

The message is arriving as a part of the Wireless Emergency Alert (WEA) system, which broadcasts messages to the public when they need to be informed about unsafe situations. Users can not opt out of receiving this WEA test. The ESA is a national public warning system that provides President Donald Trump with the communication capability to address the nation during a national emergency.

Money Amazon to Raise Its Minimum U.S. Wage to $15 an Hour
Author: 0 Amazon to Raise Its Minimum U.S. Wage to $15 an Hour

The move impacts more than 250,000 of the company's employees, including workers at Whole Foods Market, which Amazon acquired for $13.7 billion previous year. Neil Saunders, managing director of GlobalData Retail, said Tuesday that while Amazon's wage hike is a politically savvy move, it's also a change made out of economic necessity.

Author: 0 Oil races toward $85 as Iran sanctions loom

US West Texas Intermediate, WTI, crude futures were at $73.57 a barrel. Sentiment was lifted by a last-gasp deal to salvage NAFTA as a trilateral pact between the United States, Mexico and Canada, rescuing a $1.2 trillion a year open-trade zone that had been about to collapse.

Author: 0 Amazon vows to be advocate for better pay in US

Seattle-based Amazon hasn't yet announced the exact date for this year's Amazon Prime Day, the e-commerce giant's big July sales promotion. Jay Carney, senior vice-president of global corporate affairs, says Amazon will advocate for a minimum wage increase that will have a profound impact on the lives of tens of millions of people and families across the country.

Money Elon Musk's response after standing down as Tesla chairman
Author: 0 Elon Musk's response after standing down as Tesla chairman

Analysts from Cowen wrote in a note over the weekend that while the settlement would likely lead to a near-term bump for Tesla shares, it could leave Musk open to future litigation - including class-action lawsuits that have already been filed.

Author: 0 Tariffs won us new trade deal, claims Donald Trump

The dairy industry in the U.S., Australia and the United Kingdom, he said, are all struggling with record bankruptcies and lower and lower prices because of over production. Canadian dairy farmers immediately panned the renegotiated deal, saying it will undercut the industry by limiting exports and opening up the market to more American products.

Money GE shares soar after CEO John Flannery ousted; Larry Culp takes helm
Author: 0 GE shares soar after CEO John Flannery ousted; Larry Culp takes helm

GE shares jumped as much as 16 percent, but later pared some of the gains to trade up 9.5 percent at 11:30 a.m.in NY. GE said it will take a $23 billion goodwill charge for its power business. It added employees, dozens of factories and service centers at a time when GE was trying to cut costs. "GE is bloated and its culture is destroyed". General Electric said in June it will spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up ...

Money Musk Sees
Author: 0 Musk Sees "Victory" Tuesday, SEC Deal: Tesla Jumps

Whoever becomes the new chairperson of Tesla Motors will face the formidable task of reining in Elon Musk , the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally friendly electric cars.

Money GE CEO John Flannery steps down
Author: 0 GE CEO John Flannery steps down

Culp was CEO and president of industrial manufacturer Danaher Corp. from 2000 to 2014. Also on Monday, GE announced a $23 billion good will impairment charge related to its struggling power business. GE is hoping he will continue the process of shedding non-performing assets and deleveraging the company's balance sheet. It's a relatively new financial term that gained prominence in the early 2000s when the dotcom bubble left company's with inflated budget sheets due to misallocation of ...

Money U.S. files lawsuit after Canada signs net neutrality law
Author: 0 U.S. files lawsuit after Canada signs net neutrality law

As State Senator Weiner said in a statement , within minutes of the signing, Attorney General Jeff Sessions "came out of his cave and sued California to strike down the law", but Weiner said he is confident that California will be able to fend off the federal challenge.

Money Subsidized LPG Cylinder Rates Hiked For October
Author: 0 Subsidized LPG Cylinder Rates Hiked For October

The price of petrol will push to a record high from midnight on Tuesday, with the Central Energy Fund (CEF) announcing that under-recovery in August would prompt fuel increases ranging from 99c to R1.79. The actual impact on subsidised domestic LPG customers is only Rs 2.89 per cylinder, which is mainly due to GST on the above, International Olympic Committee added.