Money

Trump poised to make major China trade announcement

Trump poised to make major China trade announcement US stocks markets fell on Monday after President Trump said he would impose new levies on about $200 billion in Chinese goods. Amid continued trade tensions with the world's second largest economy, Trump "has not been satisfied with the talks with China on this (and) my guess is announcements will be coming soon", economic advisor Larry Kudlow said earlier Monday on CNBC. [Full Article...]

Trump Readies Tariffs on $200 Billion More Chinese Goods

Trump Readies Tariffs on $200 Billion More Chinese Goods China said Tuesday (Sept 18) it would "take countermeasures" after US President Donald Trump announced new tariffs on US$200 billion of Chinese imports taking effect next week. Amid continued trade tensions with the world's second largest economy, Trump "has not been satisfied with the talks with China on this (and) my guess is announcements will be coming soon", economic advisor Larry Kudlow s... [Full Article...]

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's The merger decision was taken by the "alternative mechanism", which met on Monday. The government will then prepare an amalgamation scheme for the banks which will need to be approved by the cabinet of ministers and the houses of parliament, Jaitley said, adding he expected the process to be completed in the current financial year ending March 31, 2019. [Full Article...]

You're tariffed! Trump announces $200 billion tariffs on Chinese goods

You're tariffed! Trump announces $200 billion tariffs on Chinese goods United States and China officials had discussed a new round of talks over the past week, but Mr Trump's latest move is likely to sour relations further. A second administration official told CNBC that the cost of these tariffs would amount to 10 percent of all imports targeted, down from earlier estimates of 25 percent. [Full Article...]

Trump Sets Tariffs On $200 Billion In Imports From China

Trump Sets Tariffs On $200 Billion In Imports From China The Wall Street Journal reported on Monday that President Trump was planning on imposing tariffs on an additional $200 billion worth of imports from China. Those tariffs would come on top of the tariffs on $50 billion of Chinese goods the US announced this summer. Chinese officials are likely already tired of entering negotiations with Mnuchin, after a truce he supposedly brokered with Liu in ... [Full Article...]

China will hit back at any new United States tariffs: ministry

The message will be especially poignant to Canada , with which the U.S.is now engaged in a trade stand-off, and Europe, a heavy bearer of steep steel and aluminum tariffs introduced earlier in the year by the president. The total wave of tariffs thus far has not been large enough to meaningfully affect consumer prices broadly across the economy - only narrowly, for certain products. [Full Article...]

Coke in talks to make cannabis-infused drinks

Coke in talks to make cannabis-infused drinks Coca-Cola insisted " no decisions have been made at this time " and said it would not comment on further speculation. The company is reportedly watching the cannabis industry and is intrigued by the idea of drinks infused with CBD. Coca-Cola shares were marginally higher in a US market struggling against expectations of another round of Chinese trade tariffs. Coca Cola's new venture follows in... [Full Article...]

London Mayor Pushes For Second Brexit Vote

London Mayor Pushes For Second Brexit Vote Britain is to due to leave the European Union at the end of March, but Khan warned the country now faces two "incredibly risky" options ― both of which could have devastating impacts on the economy and people's living standards. Johnson, May's former foreign minister, attacked her Brexit plans on Saturday and warned the United Kingdom was heading for a "car crash" Brexit. "The whole thing is a... [Full Article...]

Co-founder of Salesforce buys Time magazine for $190 million

Co-founder of Salesforce buys Time magazine for $190 million Benioff will focus on vision and innovation around technology, culture and marketing, while Block will focus on growth, executing and operations, the company said at the time . "For over 90 years, TIME has been at the forefront of the most significant events and impactful stories that shape our global conversation", said Tom Harty , Meredith's chief executive, in a statement. [Full Article...]

Indias Iran oil purchases to fade ahead of U.S. sanctions

Indias Iran oil purchases to fade ahead of U.S. sanctions Brent crude oil futures pulled back on the reports of additional tariffs, dropping 9 cents a barrel to settle at $78.09. However, bringing it down to zero by November is a tall ask given that oil from elsewhere is bound to be more expensive than the discounted rates being offered by Iran , and the fact most Indian refineries are geared for the kind of oil that Iran supplies. [Full Article...]

Sewing needles have been found DELIBERATELY hidden inside strawberries

Sewing needles have been found DELIBERATELY hidden inside strawberries The discovery of sewing needles hidden inside strawberries has prompted a food recall in Queensland . Another punnet of strawberries inserted with needles was also discovered yesterday by a Gladstone woman whose son bit into a contaminated berry he'd taken to school in his lunch box. [Full Article...]

Canada's legal marijuana creates risk for investors at U.S. border

Canada's legal marijuana creates risk for investors at U.S. border If someone attempting to cross the border into the us admits to past use of illegal drugs, he or she would be deemed inadmissible to enter. But lying to a border agent also carries the risk of a lifetime ban, officials say. So even after legalization in Canada , if a traveller admits to past use of any illegal drugs, including marijuana, the traveller will be found to be inadmissible into the... [Full Article...]

FDA Threatens to Stop Sales of Flavored E-Cigarettes

FDA Threatens to Stop Sales of Flavored E-Cigarettes Gottlieb announced the agency sent 1,100 warning letters to stores for the illegal sale of e-cigarettes to minors under the age of 18, and issued 131 fines to stores that continued to violate the restrictions on sales to minors. "They must demonstrate they're truly committed to keeping their products out of the hands of kids". The team found that the nicotine concentrations in Juul and similar... [Full Article...]

Here's your sign: Waffle House closed until after Florence

Here's your sign: Waffle House closed until after Florence The Federal Emergency Management Agency ( FEMA ) will monitor the Waffle House Index throughout Hurricane Florence , a practice the government agency follows when disasters occur to gage how bad a storm could get. "But our job [as corporate officials] is to give them all the support they need to stay open". On Wednesday, Nia Watson, a local news reporter for WMBF, tweeted that the Myrtle Beach ... [Full Article...]

US Crude Oil Flowing Strong

US Crude Oil Flowing Strong US crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Weaker quiz in Organization for Economic Cooperation and Pattern (OECD) individuals in Europe and Asia, as effectively as higher gas prices within the USA, place some downward stress on the tempo of quiz yelp, while shakiness in emerging markets over alternat... [Full Article...]

Strawberries recalled in Australian state after needles found inside fruit

Sewing needles and pins have been deliberately placed inside strawberries across the ditch. Three more punnets were found contaminated with needles on Friday, according to ABC Australia . Young advised residents that all strawberries, regardless of brand, should be cut before they're eaten. A number of grocers have removed the berries from their shelves. [Full Article...]

Turkish lira slides as Erdogan calls for lower interest rates

Turkish lira slides as Erdogan calls for lower interest rates Financial markets have grown increasingly concerned that Turkey is in danger of adding its name to the list of countries seeking a rescue loan from the International Monetary Fund. Following the news , the Turkish lira rose 5 percent in value against the USA dollar , reversing its 42-percent fall this year against the American currency. [Full Article...]

Amazon founder Bezos announces $2B charitable fund

Amazon founder Bezos announces $2B charitable fund The Day 1 Families Fund will start an organisation to operate a new network of full-scholarship preschools for low-income communities. Bezos, who also owns The Washington Post and space exploration company Blue Origin, became the world's wealthiest person this year, with an estimated net worth of $164 billion, according to Bloomberg . [Full Article...]

Canada's Freeland to hold NAFTA talks on Tuesday as time runs short

Canada's Freeland to hold NAFTA talks on Tuesday as time runs short Wiens declined to say what action the organization would take if an updated NAFTA deal gave the US a greater chunk of the Canadian market, but did not rule out campaigning against ratification of the agreement, or the Liberal government. "Without Chapter 19, NAFTA is utterly useless as it would subject Canada and Mexico to the vagaries of the USA political system and its courts when determining ... [Full Article...]

States to get Rs 22,700 crore windfall from rupee plunge, crude spike

States to get Rs 22,700 crore windfall from rupee plunge, crude spike In Mumbai , the price of petrol is Rs 88.26 while the price of diesel is Rs 77.47. In Delhi, petrol costs Rs 80.87 and diesel Rs 72.97. It comes as no surprise that the price of petrol has crossed the Rs 90 mark in Parbhani in Maharashtra . [Full Article...]


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