Markets

by | July 21, 2018 | 07:52

OPEC and non-OPEC producers cut oil output in June by 20% more than agreed levels, compared with 47% in May, the Reuters newsagency reported Wednesday. And even if OPEC is in compliance, we are seeing signs of more oil production. As evidence, the Kingdom will reduce crude exports next month by roughly 100,000 bpd.

by | July 21, 2018 | 04:27

The prime minister, however, was not without her defeats as minutes before the Customs Union amendment vote, she suffered her second Brexit defeat in the House of Commons, or lower house of parliament, after MPs voted to allow the United Kingdom to remain under EU medicines regulation.

by | July 21, 2018 | 03:16

Let's dive in and examine how each performed. Microsoft does not break out revenue numbers for Azure. Microsoft Corp . shares rose about 5% to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

by | July 21, 2018 | 02:58

While the e-commerce giant didn't release specifics on sales, it did reveal that more than 100 million products were purchased during its 36-hour sale, Prime Day, which is a holiday the company's drummed up four years ago for its 20th anniversary.

by | July 19, 2018 | 05:44

Under EU rules Google could have been fined up to 10 per cent of parent company Alphabet's annual revenue, which hit $110.9 billion in 2017. "Today, mobile internet makes up more than half of global internet traffic", Ms Vestager added.

by | July 18, 2018 | 04:28

Recently, the board committee barred Schnatter from talking to the press and moved to remove his likeness from all marketing materials. Still a member of the board, Schnatter, according to regulatory filings, as of March held 29 percent of Papa John's shares, now worth about $500 million.

by | July 18, 2018 | 03:30

The diver, Vern Unsworth , had criticized Musk's effort to create a small submarine to rescue the soccer team members. Asked in a CNN interview about what Musk did exactly, Unsworth , sounding annoyed, said that the submarine was a " PR stunt " and that the billionaire CEO did nothing to help.

by | July 18, 2018 | 03:02

What's "not stellar" for Netflix? Currency had a +$65 million impact on global revenue year over year (+13% worldwide ASP growth on a FX neutral basis), but this positive impact was smaller than we had forecast 90 days ago as the USA dollar strengthened meaningfully against many currencies since our Q1'18 earnings report in April.

by | July 18, 2018 | 02:44

European jetmaker Airbus and US rival Boeing have been enjoying an nearly decadelong boom thanks to rising emerging markets growth and a need among Western airlines to upgrade their fleets, and order books are bulging. On the civilian side, the air show is expected to confirm demand for narrowbody jets from airlines such as Mexico's VivaAerobus, which is shopping for some 40 Airbuses, and lessors like Goshawk, which ordered 20 A320neo jets on Monday but is also expected to be interested in ...

by | July 17, 2018 | 11:07

GBH Insights analyst Daniel Ives called the second-quarter showing "a near-term gut punch" to Netflix. SAN FRANCISCO Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition.

by | July 16, 2018 | 22:55

This year's edition will be a 36-hour event that will get underway at noon on Monday, July 16 and end at midnight the following day. If you shop for Amazon Pantry on Prime Day , you will e able to save for the next 12 month. Prime Day 2018 is getting close and Amazon's competition is ramping up their efforts to leverage Prime Day for their purposes. Prime subscribers get access to a range of services, such as same-day and two-day shipping, the Prime Video streaming service, as well ...

by | July 15, 2018 | 16:19

As the world's largest exporter, China has threatened retaliatory action against the tariffs and pledged that it would lodge a complaint with the World Trade Organization. The Japanese yen weakened 0.47 percent versus the greenback at 112.55 per dollar. Spot gold dropped 0.4 percent to $1,241.30 an ounce. Firing the first shots in a trade war that has rattled financial markets and raised risks to the global economy, Washington last week imposed 25 percent tariffs on $34 billion of ...

by | July 15, 2018 | 07:38

The most recent special offers include deals for Hatley raincoats - a deal that comes to a close at 11.59pm on Wednesday, July 11. E-commerce giant Amazon is on the verge of hosting a 36-hour Prime Day 2018 sale exclusive to Amazon Prime subscribers.

by | July 13, 2018 | 07:44

That's why Trump can slap tariffs on them just because he feels like it. It also includes consumer goods ranging from vehicle tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.

by | July 11, 2018 | 05:13

The additional USA tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week. And China's retaliation was targeted at soy farmers and others in the U.S. Republican heartland. Robert Holleyman, the USA official in charge of trade with Asia during former president Barack Obama's second term, described the tariffs as "tax hikes on US imports".

by | July 09, 2018 | 01:48

The unemployment rate rose to 4.0 percent from an 18-year low of 3.8 percent in June as more people entered the labor force in the sign of confidence in the jobs market. Analysts have been puzzled by the consistency of the modest gain in wages irrespective of the growth. Moreover, some of the other internals, including a rising unemployment rate for African-Americans, highlighted the challenges to more inclusive growth.

by | July 09, 2018 | 01:15

The first ever United States tariffs aimed just at China will likely rally Trump's voters who agree with his "America First" argument that Beijing hasn't played fair for years, stealing America's intellectual property and undercutting its manufacturers.

by | July 09, 2018 | 00:36

Crude-oil prices retreated early Friday and were on track to book a weekly loss for the first time in three weeks, a day after the USA benchmark contract suffered its lowest settlement in more than a week amid signs of rising production in Saudi Arabia and protracted trade tensions between the United States and China , according to monitored reports.

by | July 07, 2018 | 04:31

Japan, which reduced Iranian oil imports significantly during the previous Western sanctions on Tehran that were lifted in 2016, is also seeking an exemption from the latest United States sanctions on Iran. Volatility in the Middle East and US foreign policy can have a major impact on oil prices . Even so, renewed USA sanctions on Iran against its oil exports look set to tighten supply further.

by | July 07, 2018 | 03:04

Chinese Commerce Ministry spokesman Gao Feng said that the proposed US tariffs would hit many American and foreign companies operating in China and disrupt their supplies of components and assembly work. Shaun Rein, managing director at the China Market Research Group in Shanghai, said the Chinese government's next play could be to stoke anti-American sentiments among consumers - similar to the boycotts it ordered previous year on South Korea's Lotte Group, which caused dozens of the ...

by | July 07, 2018 | 02:51

Another $16 billion of goods could follow in two weeks, Trump earlier told reporters, before suggesting the final total could eventually reach $550 billion, a figure that exceeds all of USA goods imports from China in 2017. "After the U.S. activated its tariff measures against China , China's measures against the United States took effect immediately", said Lu Kang, spokesman for the foreign ministry.

by | July 07, 2018 | 02:46

Share slid 5.5% Wednesday after a Chinese court ruled in favor of United Microelectronics and Fujian Jinhua Integrated Circuit, which said Micron had infringed on patents in China . Only this week, the company said it was planning to list its HeJian Technology Corp., its China operations, on the Shanghai Stock Exchange. If the judgment is enforced in the future, Micron will be prohibited from selling some of its memory products in China.

by | July 05, 2018 | 16:10

In addition to that, the looming US sanctions on Iran, which according to Trump will be harshest ever has kept the markets at an edge. Iran's OPEC governor Hossein Kazempour Ardebili said . The US earlier this year withdrew from the deal limiting Iran's nuclear programme in return for allowing the company to resell its oil on world markets.

by | July 05, 2018 | 15:06

White House spokeswoman Lindsay Walters told Axios that Trump has asked for ideas on how to address "the unfair imbalance of tariffs that put the U.S.at a disadvantage". "As (Treasury) Secretary (Steven) Mnuchin and the President have said, that is not accurate that the USA is leaving the WTO (sic)", White House Press Secretary Sarah Sanders told reporters at her daily news conference.

by | July 05, 2018 | 12:01

In May, Trump ordered an investigation into whether imported cars and automotive components could pose enough of a national security risk to warrant tariffs of as much as 25%. As well as the tariff threats, the European Commission is also believed to have warned Trump that his behaviour could "result in yet another disregard of worldwide law" by the USA, as well as saying that any auto tariffs would "damage further the reputation" of the country.

by | July 05, 2018 | 08:37

Concerns about the outbreak of a global trade war have, among other factors, prevented a sustained recovery in global stock markets since a violent sell-off knocked them off records highs in February. It also underscores China's new boldness in trying to seize leadership amid divisions between the United States and its European, Canadian and Japanese allies over issues including free trade, climate change and foreign policy.

by | July 04, 2018 | 21:45

Trump railed against his trading partners during the meeting, according to sources, and withdrew his support for a joint communique after leaving the summit, angering and bewildering some of Washington's closest allies. "We can't allow those types of comments to throw us off our priorities", Singh said . A National Farmers Union representative says American farmers are growing even more concerned over President TrumpDonald John TrumpTrump congratulates Mexico's new president: "I look very ...

by | July 04, 2018 | 19:23

After landing James, the Lakers have also signed Lance Stephenson and JaValve McGee. James signed a four-year 154 million dollar deal to send him to the Los Angeles Lakers . That was certainly the case with Paul George, who before signing with the Oklahoma City Thunder a year ago, wanted to join the Los Angeles side. After four years back in Cleveland, however, James wanted a change of scenery and made a decision to test out the free agency market.

by | July 04, 2018 | 18:32

When Trump tried to say Monday that it's not a big deal if the trade dispute with the European Union continues, Dutch Prime Minister Mark Rutte literally laughed in his face. The commission also pointed out that European auto companies employ 120,000 Americans in manufacturing plants in the United States. Trump has slapped tariffs on billions of dollars worth of steel and aluminum imports from China, the European Union , Canada and others, prompting retaliation against U.S.

by | July 04, 2018 | 18:13

The election came amid a backdrop of mounting tensions between Mexico and the U.S., which some analysts say have pushed relations between the two countries to one of the most divisive points in recent times. He later joined the Party of the Democratic Revolution and more recently formed his own party, the National Regeneration Movement - known as MORENA. "It is thanks to us young people who are supporting him that he was able to get more votes than he did in past elections".

by | July 04, 2018 | 17:38

A US State Department official said in a briefing that more than 50 global companies intend to drop the use of Iranian oil before the 4 November restart of the sanctions. "Yes, of course. That's what we're doing". In May, the USA retreated from a multilateral deal with Iran regarding its nuclear disarmament program, and imposed sanctions to limit the world's fourth largest oil exporter's access to global markets.

by | July 04, 2018 | 17:33

These items are usually sold through Walmart Marketplace, which hosts third-party sellers. It was sold on its marketplace, which features products by many brands, and includes political t-shirts representing many different points of view.

by | July 03, 2018 | 21:24

To encourage new Prime members to use the Amazon Prime Video, Twitch Prime and Audible services included with their Amazon Prime service. Prime Members will obviously get the most out of the deals on offer from Amazon , so it might be worth signing up before then.

by | July 03, 2018 | 21:25

They don't want our farm products. The Trump tariffs would violate global trade rules, the commission said , adding that European auto imports into the United States do not pose a threat to the American automobile industry. When Trump tried to say Monday that it's not a big deal if the trade dispute with the European Union continues, Dutch Prime Minister Mark Rutte literally laughed in his face.

by | July 03, 2018 | 21:15

Trump threatened in an interview that aired on Sunday to put sanctions on European companies that do business with Iran. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal).