U.S. soybean farmers say China tariffs could result in 'serious damage'

President Trump indicated that he will impose tariffs on another $16 billion in imports next week, with the possibility of extending the taxes to $500 billion of Chinese imports. Beijing , which denies these charges, was swift in responding in kind ... More..

by | Published more than a month ago
Donald Trump: OPEC is
by | Saturday, July 07, 2018

Donald Trump: OPEC is "doing little to help" with gas prices

Oil was mixed on Friday, with short-covering pushing up US crude futures while Brent slipped on global trade tensions and increased Saudi production. USA crude futures fell $1.20 to settle at $72.94 a barrel,...More..

Micron Rallies as It Says Injunction in China Won't Affect Its Quarter
by | Saturday, July 07, 2018

Micron Rallies as It Says Injunction in China Won't Affect Its Quarter

In its civil complaint in December, Micron accused UMC of attempting to recruit high level personnel in Taiwan and entice former staff at Micron Taiwan to steal files which could help Jinhua, at the time litt...More..

China cancels US soybean purchases as trade war takes hold
by | Saturday, July 07, 2018

China cancels US soybean purchases as trade war takes hold

Washington-based think tank the Peterson Institute for International Economics (PIIE) expects United States tariffs on Chinese goods, which it says particularly target computers and electronics, to hurt multi...More..

Canada still aiming for intensive NAFTA talks
by | Friday, July 06, 2018

Canada still aiming for intensive NAFTA talks

Now that Mexicos presidential election is done, Ottawa wants negotiations on the North America Free Trade Agreement to restart as soon as possible, one government official familiar with the plan said on conditi...More..

Asian shares battered, Trade war switching turbulence in Chinese economy
by | Friday, July 06, 2018

Asian shares battered, Trade war switching turbulence in Chinese economy

The yuan hit its weakest level against the dollar in 11 months on Tuesday before bouncing back amid reports that the government had intervened to support the currency. Chinese stocks went into a tail spin on Tu...More..

Crude Prices Mixed as Trump Calls for More Action From OPEC
by | Thursday, July 05, 2018

Crude Prices Mixed as Trump Calls for More Action From OPEC

Brent crude, the global oil benchmark, fell 0.27% to $78.04 a barrel on London's ICE Futures exchange. The price of West Texas Intermediate crude oil is now around $74 a barrel. The Saudis said on Tuesday tha...More..

HNA co-founder falls to his death
by | Thursday, July 05, 2018

HNA co-founder falls to his death

Since 2015, HNA had been on a massive shopping spree, forking out around $40 billion on a 25 per cent stake in the Hilton hotel group, shares in Deutsche Bank, several golf courses and other foreign property. "...More..

Oil Surges Above $75 in NY as Supply Outages Outpace OPEC
by | Thursday, July 05, 2018

Oil Surges Above $75 in NY as Supply Outages Outpace OPEC

Crude oil prices fell on Monday after Saudi Arabia said it could tap into its 2 million barrels per day in spare capacity to help address a pending market deficit. "OPEC has not defined oil prices for the p...More..

Look at services when griping about trade deficit: EU to Donald Trump
by | Thursday, July 05, 2018

Look at services when griping about trade deficit: EU to Donald Trump

Both sets of tariffs would be based on concerns about US national security. Later on Monday, White House spokesman Sarah Sanders said Mr Trump was focused on fixing problems in global trade , not on leaving ...More..

Vehicle companies issue tariffs warnings
by | Thursday, July 05, 2018

Vehicle companies issue tariffs warnings

The EU sent comments to the United States on whether motor imports pose enough of a threat to United States national security to justify tariffs and estimating the economic impact. The EU had calculated tha...More..

China issues United States travel warning amid trade tensions
by | Thursday, July 05, 2018

China issues United States travel warning amid trade tensions

Yesterday German Chancellor Angela Merkel raised the spectre of the global financial crisis as she warned of potential fallout from a trade war with the United States, saying tariffs on European cars would be "...More..

Hyundai responds to rumoured FCA merger
by | Wednesday, July 04, 2018

Hyundai responds to rumoured FCA merger

According to Asia Times and its sources, Chung Mong-koo, the South Korean automaker's CEO, is waiting for FCA shares to fall before launching a takeover bid . Hyundai's manufacturing footprint in the U.S.is ...More..

Trump congratulates new leftist Mexico leader
by | Wednesday, July 04, 2018

Trump congratulates new leftist Mexico leader

Investors have always been expecting a victory by Lopez Obrador, who held double-digit leads in polls for months. Candidate Jose Antonio Meade of Pena Nieto's Institutional Revolutionary Party has been runn...More..

by | Wednesday, July 04, 2018

Oil rises on Libya force majeure, but demand slowdown holds back market

Saudi Arabia has been pumping around 10 million bpd in recent months and sources close to its oil policy have said it could raise output to 11 million bpd. "We're not granting waivers", the official said. The...More..

Top US business group assails Trump's handling of trade dispute
by | Wednesday, July 04, 2018

Top US business group assails Trump's handling of trade dispute

The European Union has reportedly threatened to retaliate against US President Donald Trump in the escalating trade conflict developing across the Atlantic. Canada and the USA are among the world's largest ...More..

Walmart's impeach Trump clothing draws social media outrage
by | Wednesday, July 04, 2018

Walmart's impeach Trump clothing draws social media outrage

The shirts, seemingly discovered by the chairman of the group Students for Trump , are one of a number of " Impeach 45 " offerings, which range from sweatshirts to baby clothes from a wide variety of manufac...More..

by | Tuesday, July 03, 2018

EU Warns US Against Car Tariffs

The escalating protectionist attitude we're seeing is prompting China and the European Union to warn if things get worse, this could lead to a global recession. "Economic analysis confirms that an increased t...More..

Trump’s automotive tariffs could cost the U.S. $294 billion
by | Tuesday, July 03, 2018

Trump’s automotive tariffs could cost the U.S. $294 billion

The chamber is using analysis from each state to argue that the recent tariffs will make US -made goods pricier, which will lead to lost sales and lost jobs. Early last month, Mexico imposed tariffs on USA pr...More..

HTC will lay off 1,500 in its Taiwan operations
by | Tuesday, July 03, 2018

HTC will lay off 1,500 in its Taiwan operations

It's important to note that the 1500 affected staff are not from team that went over to Google to work on the latter's Pixel smartphones, as part of the US$1.1 billion (~RM4.05 billion) deal that the two comp...More..

Algeria warns Saudi Arabia, Russia against increasing oil output
by | Tuesday, July 03, 2018

Algeria warns Saudi Arabia, Russia against increasing oil output

Trump said in a tweet on Saturday that Saudi Arabia's King Salman bin Abdulaziz Al Saud had agreed to produce more oil. WTI oil prices dipped into 71.80 at the market's open this week, but has since recov...More..

When is Amazon Prime Day 2018? The date you need finally revealed
by | Tuesday, July 03, 2018

When is Amazon Prime Day 2018? The date you need finally revealed

Prime users in the U.S., U.K., Spain, Mexico, Japan, India, Italy, Germany, France, China, Canada , Belgium, Austria, Australia, Singapore, the Netherlands, and Luxembourg will be able to access one million de...More..

Dell makes move to go public again after months-long review
by | Tuesday, July 03, 2018

Dell makes move to go public again after months-long review

The move marks the end of a strategic review that Dell has been conducting for several months as it has sought to consolidate its complicated ownership structure without overburdening its balance sheet, which b...More..

Mazda Condemns Trump’s Proposed 25 Percent Import Car Tariff
by | Tuesday, July 03, 2018

Mazda Condemns Trump’s Proposed 25 Percent Import Car Tariff

It buys tens of billions of United States dollars worth of parts from U.S. suppliers every year, and has invested over US$22 billion in USA manufacturing operations since 2009. from other countries. If GM wer...More..

by | Tuesday, July 03, 2018

Is Donald Trump on a relentless quest to corner Iran?

Last month President Donald Trump withdrew the United States from the landmark Iran nuclear deal, re-imposing U.S. sanctions that had been suspended in return for curbs on Tehran's nuclear programme. "Foreign...More..

Cavs fan gives LeBron James’ jersey the treatment it deserves
by | Tuesday, July 03, 2018

Cavs fan gives LeBron James’ jersey the treatment it deserves

In a short statement, he said on Instagram: "Thank you Northeast Ohio for an incredible four seasons". With James no longer a Cavalier , Cleveland's odds of winning the National Basketball Association titl...More..

Saudi Arabia confirms call with Trump on oil market stability
by | Monday, July 02, 2018

Saudi Arabia confirms call with Trump on oil market stability

OPEC agreed with Russian Federation and other oil-producing allies this month to raise output from July by about 1 million bpd. Al Jazeera's Rosiland Jordan, reporting from Washington, DC, said "it is not ...More..

by | Monday, July 02, 2018

New Trump tariffs may force Moog to lay off workers

So far, the EU has only imposed duties on $3.2 billion of USA products such as whiskey and peanut butter, as retaliation for President Trump's tariffs on imported European steel and aluminum. exports in 2017....More..

by | Monday, July 02, 2018

Iran vows to thwart U.S. efforts to block its oil exports

Iran , however, says that they intend to try to circumvent the USA ban with new rules to make it easier to export oil. "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the tu...More..

Elon Musk Hails Tesla Reaching Goal Of 5000 Model 3s A Week
by | Monday, July 02, 2018

Elon Musk Hails Tesla Reaching Goal Of 5000 Model 3s A Week

As The Associated Press reports, "Last summer, when the first Model 3s began rolling off the assembly line, Musk promised to build 5,000 per week by December and 10,000 per week in 2018". The remaining net Mode...More..

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