Money

by | July 03, 2018 | 12:29

It was not immediately clear what level of production Trump was referring to or by when. The official Saudi Press Agency confirmed a phone call between the two leaders about oil, but mentioned no specifics. "This leaves the world in kind of a vulnerable state". Some analysts put the potential outage at 1 mb/d or more. Trump appears to be trying to "talk the market down", said Lawrence Goldstein, who directs the Energy Policy Research Foundation.

by | July 03, 2018 | 12:14

The EU, which described the move as "pure protectionism", introduced duties on USA products in return, as did Mexico, Canada, Turkey and India. It said that auto imports from Europe to the United States had grown at the same pace as demand from the U.S.

by | July 03, 2018 | 09:24

The elimination of the tracking stock is aimed at simplifying Dell's complex ownership structure without overburdening its balance sheet, which bears around $ 50 billion in debt . The transaction represents a premium of 28.9 percent to closing price of Dell's tracking stock on Friday. Michael Dell said unprecedented data growth is fueling the digital era of IT, adding that they are uniquely positioned with their portfolio of technologies and services to enable the digital, IT, security and ...

by | July 03, 2018 | 07:21

His most recent came in 2016 when he fulfilled his pledge to bring an NBA title to Cleveland after the Cavaliers rallied from a 3-1 deficit to defeat the Golden State Warriors in the 2016 NBA Finals. With James no longer a Cavalier, Cleveland's odds of winning the National Basketball Association title fell all the way to 500-1, putting them alongside the dregs of the league like the Brooklyn Nets and Sacramento Kings.

by | July 03, 2018 | 06:54

Sharma, director of finance at the refiner, said in May. He hopes that will keep prices low - and motorists happy with cheaper fuel - as he tries to force the Iranians out of the market. That is the "road map for the better deal" that the USA is seeking, he said. "We will not hesitate to take action when we see sanctionable activity", said Brian Hook, the department's Policy Planning Director and the former lead negotiator for the USA who met with European allies for months to reach a ...

by | July 03, 2018 | 06:29

Tesla stock initially jumped, then retreated Monday after the maker of electric vehicles said it hit the target for Model 3 production that Chief Executive Elon Musk said was critical for the company to reach profitability. Tesla stated GA4 was responsible for 20% of the Model 3s in the last week suggesting a rate of ~1k/week for the tent and ~4k/week for GA3. It was not clear if Tesla could maintain that level of production for a longer period.

by | July 02, 2018 | 11:55

The company is committing $1 million towards funding startup costs for military veterans, offering $10,000 reimbursements for qualified candidates to build their own businesses. The company has been building up its own fleet of 7,000 of trucks and 40 airplanes to cover the "middle mile" of delivery. "This is really about meeting growth for our future", Clark said.

by | July 02, 2018 | 03:57

The State Department is now insisting that other countries stop importing Iranian oil - or face sanctions from Washington . "The two leaders stressed the need to make efforts to maintain the stability of oil markets , the growth of the global economy, and the efforts of producing countries to compensate for any potential shortage of supplies", Riyadh said in a statement.

by | July 02, 2018 | 03:35

Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. The definitive agreement signed on Saturday morning to merge European steel operations of the two groups will come to fruition once the transaction passes merger control clearance from European Union and in several other jurisdictions.

by | July 01, 2018 | 10:07

Panasonic now produces battery cells for Tesla in Japan as well as at Tesla's so-called Gigafactory in the US. He has received no reply so far, though Musk has now tweeted about the issue. "I offered to pay the guy who drew it twice already for something I don't even want", he tweeted. Instead, he tweeted at the artist's daughter that it would be "lame" if Edwards sued and that he should just be pleased with the attention.

by | July 01, 2018 | 09:23

Iran and Venezuela are also OPEC members, and are likely to be angered by any increase. In a tweet on Saturday, Trump said King Salman bin Abdulaziz Al Saud had agreed to his request to boost production by "maybe up to 2,000,000 barrels".

by | July 01, 2018 | 05:25

The editorial board of a leading Irish newspaper slammed on Thursday those calling for a boycott of next year's Eurovision. In Libya , a power struggle between the internationally recognised government and rebels has left it unclear who will handle the country's oil exports.

by | June 30, 2018 | 09:04

Accordingly, it hit to a 19-month low of 68.54 against the USA dollar in initial trade. India's January-March CAD widened to $13.0 billion, or 1.9 per cent of GDP, from $2.6 billion, or 0.4 per cent of GDP, from a year earlier. sees 71 to a dollar by June 2019. It is not only India, which is feeling the heat of the weakness of the currency. Concerns over supply disruptions in Libya and Canada have also pushed prices higher.

by | June 30, 2018 | 08:00

Ticketmaster contacted the customers affected (about 5 percent of its global customer base). They say they're working with all the relevant bodies, while all notified customers have been asked to change their passwords when they next log in to their accounts.

by | June 30, 2018 | 07:33

Toys "R" Us filed for Chapter 11 bankruptcy protection in September hoping to restructure some $5 billion in debt, much of which stemmed from a $6.6 billion leveraged buyout by private equity firms in 2005. People have turned to social media to express their sadness. Jacob Rabon IV tweeted two of the photos with the caption: 'I can't believe childhood is cancelled'.

by | June 30, 2018 | 06:56

I think you know that very well", he said at the White House in February. "But they're spending $350 billion on plants, building an incredible new campus", the president said. President Donald Trump is attending a pair of fundraising events in Milwaukee benefiting a joint effort between the Republican Party and his re-election campaign.

by | June 30, 2018 | 06:41

Carmakers get parts from all over the world and ship their product all over the world, meaning they are very susceptible to price fluctuations that put kinks in their supply chains, the Times points out. "The result of this investigation could be a 25% tariff on the import of automobiles and automobile parts". GM's comments on the proposed tariffs represent some of the strongest pushback on the administration's tariff proposals yet by major auto companies, all of which face the potential ...

by | June 29, 2018 | 19:28

In another tweet , Yechury said the data is no surprise since the "Modi government writes off lakhs of crores of unpaid loans of crony corporate and businessmen flee India after looting public money under his watch". The total assets of Swiss banks in India, however, fell by about 18 per cent in 2017 to CHF 3.2 billion. The number of new assesses who filed the tax returns last fiscal were 1.06 crore, he informed.

by | June 29, 2018 | 18:55

Shockingly, Boeing admits their newest design could travel even faster, but suggested there was no need to test the limits. That translates to about 3,900 miles per hour or a two-hour trip across the Atlantic. It is understood that the aircraft would be capable of carrying passengers while travelling at full-speed, with Boeing saying it could be used commercially or for military uses.

by | June 29, 2018 | 18:39

Although that lifted USA stocks initially, optimism quickly evaporated after White House economic adviser Larry Kudlow said Trump's announced plan did not indicate a softened stance on China . The spot yuan market opened at 6.6177 per dollar and was changing hands at 6.6151 as of 0335 GMT, 131 pips or 0.19 per cent weaker than the previous late session close.