Markets

Farmers have mixed reactions to Trump's farm aid

Farmers have mixed reactions to Trump's farm aid Zippy Duvall, president of the American Farm Bureau Federation, said the $12 billion package provides a welcome measure of temporary relief, but added they can not overstate the dire consequences that farmers and ranchers are facing with lost export markets. [Full Article...]

Iran's Rohani Warns Trump: 'Don't Play With The Lion's Tail'

Iran's Rohani Warns Trump: 'Don't Play With The Lion's Tail' Rouhani said in a televised speech on Sunday, ahead of Mr. Pompeo's address . Rouhani earlier warned Trump to stop "playing with the lion's tail " and threatening Iran, "or else you will regret it". "He was responding to comments made from them, and he's going to continue to focus on the safety and security of American people", she said. It is hard to recall the last time the leade... [Full Article...]

Wont devalue yuan to boost its exports amid trade war, says China

Wont devalue yuan to boost its exports amid trade war, says China On the downside, support is seen at 1.1671 (21-DMA), a break below could drag it till 1.1600. The Bank of Japan has pursued an aggressive monetary stimulus to achieve its elusive 2% inflation target. Rising rates threatens to increase the USA economy's debt burden, and a stronger greenback is forcing the U.S. to give up a competitive edge, according to President Trump, who stated his administr... [Full Article...]

Tesla's share price falls 4 per cent after asking suppliers for refunds

Tesla's share price falls 4 per cent after asking suppliers for refunds Instead, he has told investors that he expects the firm to turn a profit in the third quarter of this year. "This is troubling for us to hear", said Morningstar analyst David Whiston in a note to clients. Tesla did not respond to a BBC request for comment. As investors started to get restless, Musk kept on making grand promises for future Tesla models and new Model 3 versions, which probably ... [Full Article...]

Ritz cracker products recalled amid fears of salmonella

Ritz cracker products recalled amid fears of salmonella The company said in a statement on Saturday that it has not received any complaints of illness, and that it issued the recall as a precautionary measure. According to the recall list, some 15 types of packaged Ritz Crackers are affected, and people have been warned to discard the potentially contaminated snacks. [Full Article...]

Trump threatens tariffs on all US$500B of Chinese imports

Trump threatens tariffs on all US$500B of Chinese imports Trump said he's willing to hit all imported goods from China with tariffs, sending USA markets sliding before the opening bell, Friday. Trump told CNBC , "I'm ready to go to 500", referring to the $505.5 billion in goods the US imports from China each year. [Full Article...]

President Trump Eyes an Additional $500B Worth of Tariffs on Chinese Goods

At the same time, Brazil and Argentina, another major soybean grower, have snapped up some of the cheap USA supplies for their domestic markets, according to Grant Kimberley from the Iowa Soybean Association. And at others , the central bank was complicit in hewing to the administration's political preferences. Is a currency war coming? The Fed is now chaired by Trump appointee Jerome Powell ,... [Full Article...]

Qatar Airways bags four Skytrax awards; named World's Best Business Class

Qatar Airways bags four Skytrax awards; named World's Best Business Class Singapore Airlines was named Best Airline in the World. The results were based on a survey of more than 20 million travellers, who reviewed over 335 airlines between August 2017 and May 2018. "This honour extends to all of our employees, whose commitment, quality service and hard work ensure our passengers a pleasant, memorable experience, so their vacation truly begins the moment they set foot o... [Full Article...]

Google faces $5 billion fine over Android

Google faces $5 billion fine over Android Google Search and Chrome are as a result pre-installed on the "significant majority" of devices sold in the European Union, the commission says. The Commission said Google also made payments to some large manufacturers and mobile network operators on the condition that they exclusively pre-installed the Google Search app on their devices. [Full Article...]

Elon Musk tries to help, but does not always succeed

Elon Musk tries to help, but does not always succeed No evidence has come to light to substantiate Musk's pedophilia accusation. He had said in an earlier interview with CNN that Musk's miniature escape pod "had absolutely no chance of working". "I'm certain they wish he would be a more cautious tweeter". "Just a PR stunt ". Last week, Musk also took to Twitter to pledge to help Flint, Mich., residents affected by the city's water crisis, r... [Full Article...]

Tesla's US Tax Credit Set To Come To An End

Tesla's US Tax Credit Set To Come To An End Musk said Tesla had previously gambled its existence on its first and second vehicles, the Roadster sports auto and Model S sedan. The former Tesla employee who was sacked and then sued by the electric vehicle automaker has filed a formal whistleblower tip to the U.S. [Full Article...]

Trade War Increases Tesla Prices By Over $20,000 In China

Trade War Increases Tesla Prices By Over $20,000 In China That's impressive for such a new vehicle company, but Tesla just signed a deal in China allowing production to increase by another 500,000 a year. On Tuesday, Tesla CEO Elon Musk was in Shanghai to announce plans for the company's first factory in China . [Full Article...]

USA economy adds more jobs than expected in June

USA economy adds more jobs than expected in June Further gains are expected in government employment after payrolls rose by 5,000 jobs in May. Michael Gapen, chief U.S. economist at Barclays Plc in NY and a former Fed official, said that the boost in workers coming into the labour market bodes well for pushing down the unemployment rate again. [Full Article...]

Oil prices fall as Trump demands OPEC 'reduce pricing now'

Oil prices fall as Trump demands OPEC 'reduce pricing now' President Trump wrote in the tweet that the "Opec Monopoly must remember that gas prices are up & they are doing little to help", and that America defends many Opec members for "very little" money. OPEC together with a group of non-OPEC producers led by Russian Federation started to withhold output in 2017 to prop up the market. Zanganeh called the tension between Tehran and Washington a "trade ... [Full Article...]

UMC recieves favourable ruling in Chinese patent dispute

UMC recieves favourable ruling in Chinese patent dispute Then, UMC counterpunched. In January this year, UMC filed a lawsuit against Micron in the court of Fuzhou City, China, demanding 270 million yuan (US$40.5 million) in compensation, claiming that Micron infringed upon its DRAM technology patents. [Full Article...]

US hiked tariffs take effect, China announces retaliation

US hiked tariffs take effect, China announces retaliation China was previously slated to begin imposing its tariffs about 12 hours earlier due to the time difference, according to multiple reports . "We of course don't want to fight a trade war , but if any country's legitimate interests are harmed, then of course that country has the right to firmly protect their own interests", Lu said. [Full Article...]

Lopez Obrador Declares Victory in Mexican Presidential Election, Peso Falls

Lopez Obrador Declares Victory in Mexican Presidential Election, Peso Falls Relations between Trump and Lopez Obrador will be closely watched because Trump has regularly criticized Mexico. "At the appropriate moment, we are going to get in touch, to reach an understanding" with the Trump administration. Lopez Obrador struck a conciliatory tone in an acceptance speech Sunday night, saying he would pursue fiscal discipline and respect the independence of Mexico's central ... [Full Article...]

Crude Price Falls On Saudi Arabia Production Increase, CAD Follows

Information provider Genscape said USA crude inventories at the Cushing, Oklahoma, delivery hub had fallen in the week, traders said. Mr Trump's interventions with tweets "unsettle" the market and appear to have pushed prices up, Standard Chartered Plc energy analyst Emily Ashford and head of commodities research Paul Horsnell wrote in a note Tuesday. [Full Article...]

Canada seeks intensive NAFTA talks, even as Trump wants to wait

Canada seeks intensive NAFTA talks, even as Trump wants to wait The federal Liberal government is determined to rekindle intensive talks on a new continental trade pact this summer - even though President Donald Trump says he won't sign a renegotiated NAFTA until after the USA midterm elections this fall. [Full Article...]

Canada imposes retaliatory tariffs on $12.5B of USA goods

Canada imposes retaliatory tariffs on $12.5B of USA goods President Donald Trump says he's delaying signing a revised version of the North American Free Trade Agreement until after the midterms in hopes of reaching a better deal. When asked about this today, Sanders answered that " We've been very nice to Canada for many years, and they've taken advantage of that ". Canadian Prime Minister Justin Trudeau speaks during a news conference in Ottawa ,... [Full Article...]


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