Finance

Oil Falls on Rising OPEC Production

At 10:41 am Singapore time (0241 GMT), November ICE Brent crude futures were up 55 cents/b (0.70%) from Tuesday's settle at $79.61/b, while the NYMEX October li...


Trump economic adviser says United States wants serious trade talks with China

Sohn said he believed China will retaliate against every US tariff and the tit-for-tat exchanges will escalate until the U.S.is taxing all Chinese imports - $...


Iran-India non-oil trade hits 2 bln Dollars in 5 months

The EIA states: "The oil price decline in mid-2014 resulted in U.S. producers reducing their costs and temporarily scaling back crude oil production". The E...


NAFTA negotiations continue with little (public) progress reported

Mulroney, the former prime minister widely considered the father of the modern era of North American free trade, held court Tuesday in Ottawa on the fate of the...


When Jeff Bezos was in pyjamas at an Amazon board meeting

The Seattle-based Bill and Melinda Gates Foundation as the world's largest private nonprofit foundation has an endowment worth over $40 billion United States an...


Petrol touches Rs.90.11/litre in Maharashtra’s Parbhani

Here is the case of petrol: from Rs 9.20 a litre it shot up to Rs 19.48 per litre for petrol. It is clear that the prime reason why petrol and diesel are expens...


Elon Musk smokes weed, talks electric airplanes with Joe Rogan

Rogan's podcast is known for being choppy and focused on a wide array of topics, but Musk's appearance was particularly wild, as the two went from discussin...


Obama stumps for Democrats in California

In a speech at the University of IL at Urbana-Champaign, Obama accused Trump and Republicans of abusing power, dividing the country, threatening democracy...


Tesla shares fall after Musk's pot smoke (video) plus exec departure

With all of that disclosure, I want to share the video of Elon's appearance on Joe Rogan Experience as the video of this week. At this point, you have eithe...


Trump ups ante on China

Now Trump says he's got another $267 billion in tariffs ready to go on short notice if he wants. "That changes the equation", he added. China's trade surp...


Alibaba founder Jack Ma says he sees a 'beginning' after retirement

Notably, while Ma had stepped down as the Alibaba CEO nearly eight years back, he remained the face of the company at top political and business events and he p...


Canada braves Trump’s threats and insults in hopes of closing NAFTA deal

Foreign Affairs Minister Chrystia Freeland is back in Washington today to resume talks with her USA counterpart aimed at bringing Canada into the NAFTA fold...


Xi Jinping to showcase BRI at China-Africa summit in Beijing

The inaugural 2006 summit was held in Beijing and followed by another one in 2015 at Johannesburg. "It is a vision of a continent where commerce, trade, inv...


£3.9bn Costa buy sees Coca-Cola enter hot beverages market

And in May, Nestle paid more than $7 billion for the rights to sell Starbucks coffee and tea in supermarkets and other stores outside its coffee shops. Whitbrea...


California Set To Pass New Net Neutrality Legislation, Pending Approval From Governor

More than 20 states are suing the FCC to overturn the agency's decision on net neutrality and almost three dozen states have introduced bills to replace th...


Most Mexican auto exports can meet new NAFTA rules, says minister

If auto content and wage agreements go forward with Canada on board as well, they could stem the flow of auto sector jobs to lower wage jurisdictions, Unifor pr...


US, Trump, Mexico NAFTA trade deal: auto, agricultural details

Although Carter said he spoke with Canadian officials on television earlier, all of whom were "very concerned" about the future relationship with the USA and Me...


Donald Trump announces new trade deal with Mexico

Mr. Trump has frequently attacked NAFTA and other multilateral trade deals, saying he favors one-on-one agreements with countries instead. Adam Austen, a sp...


'Private' mess: Elon Musk's credibility goes from bad to worse

A federal judge in San Francisco dismissed a securities fraud lawsuit in which Tesla Inc (TSLA.O) shareholders accused the electric auto company and Chief Exe...


United States and Mexico reach a preliminary trade deal that could replace NAFTA

They said nothing could come from Trump's unilateral imposition of tariffs in order to get foreign governments to negotiate seriously. The hope is to have a...


Oil stabilizes, weighed down by trade war

Bank Wealth Management in Seattle. Concerns also remain over how much oil will be removed from global markets by renewed sanctions on Iran , despite worries...


Russia Stockpiling Gold As US Prepares New Sanctions

USA economic sanctions against Russian Federation are senseless, President Vladimir Putin said Wednesday, voicing hope that Washington will eventually agr...


Treasurer Scott Morrison To Become Australia's Next Prime Minister

Scott Morrison will be Australia's 30th Prime Minister, after Malcolm Turnbull was rolled by his own party. The meeting had been expected to start at midday...


China trade war hits US$100 billion in goods

Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported annually to the United States unless Beijing ...


Trump to SEC: Consider ending quarterly reports

President Donald Trump said he's asked the Securities and Exchange Commission to study ending quarterly reporting for US businesses in order to ease regulation...


Retail inflation eases to 4.17% in July as food prices decline

The CPI figure had hit a five-year high of 3.1% in November, when the inflationary effect of the pound's fall following the June 2016 Brexit vote reached its pe...


Turkey court rejects United States pastor Andrew Brunson release appeal

Washington warned more economic pressures may be in store for Turkey if it refuses to release Brunson, a White House official said on August 15. One video mad...


Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

In a tweet later on Thursday, Trump said the United States "will pay nothing" for Brunson's release, "but we are cutting back on Turkey!" They want to hold ou...


Turkish lira rallies as Qatar makes $15 bil. loan pledge

A decree by Erdogan doubled Turkish tariffs on imports of US passenger cars to 120 percent, alcoholic drinks to 140 percent and leaf tobacco to 60 percent. "T...


Turkish president says country will boycott iPhones

Turkish President Recep Tayyip Erdogan vowed to boycott American electronics, including Apple Inc.'s iPhone, as he retaliates against Donald Trump's attem...


Rupee recovers 35 paise after breaching 70/$-mark; falls 10% in 2018

The Reserve Bank of India was seen intervening to stem a sharp fall in the rupee, two dealers said. The ongoing currency turmoil in Turkey has dampened invest...


Turkish leader talks big, but can be pragmatic in crises

Necessary instructions on the issue have been issued to our agencies", Yahya Ustun, spokesman for the country's flag-carrier, wrote on Twitter. Turkish Presid...


Elon Musk defends his ‘funding secured’ tweet to take Tesla private

Following Musk's bold announcement last week that he would take the company private at $420 per share, Tesla's stock initially shot up 11 percent. Going bac...


'Mobster mentality': China's state media calls out US over trade tariffs

The penalties will come into effect on August 23 after Washington plans to start collecting duties on Chinese products of the same value. "Chinese gas demand ...


Erdoğan urges Turks to sell dollars and euros to support lira

Turkish President Recep Tayyip Erdogan spoke before the nation twice on August 10, but the country's currency continued its descent, reaching about 6.4 lire ...