Money

Ricketts: US trade deal with Mexico critical to Nebraska

Ricketts: US trade deal with Mexico critical to Nebraska President Trump's top economic adviser said Tuesday that Canada can still get a good trade deal with the US if it is willing to compromise. After Mexico paved the way by agreeing to a NAFTA 2.0 with the United States on Monday, Canada's Foreign Minister Chrystia Freeland said Tuesday "a lot has been accomplished" in her two meetings with US Trade Representative Robert Lighthizer. [Full Article...]

US President Donald Trump threatens to withdraw United States from WTO

US President Donald Trump threatens to withdraw United States from WTO Speaking with Bloomberg News , Trump said that the WTO had treated the United States " very badly ". "The scenarios are not going to be good for anyone". President Trump's remarks against WTO come amid a number of trade scuffles that the USA has been engaged in that have not only impact trade-sensitive stocks but has also roiled the world markets. [Full Article...]

Trump cancels planned January pay increase for civilian federal workers

Trump cancels planned January pay increase for civilian federal workers David Cox Sr. said in a statement . "Federal employees deserve the full measure of pay comparability provided by the law, and a 1.9 percent increase is the minimum that Congress should consider", he said. Scrapping the raises will save more than $25 billion, Trump said. The politics of the pay freeze could be dicey. Mark Warner, D-Va., called it "the latest attack in the Trump Administratio... [Full Article...]

Coca-Cola Acquires Costa In $5.1-Billion Deal

Coca-Cola Acquires Costa In $5.1-Billion Deal Whitbread will use a "significant majority" of the net cash proceeds - around 3.8 billion pounds after taking into account such things as transaction costs - returning cash to shareholders. When asked, as they often were, about the logic of having a hotel chain and a coffee chain in the same company, executives would extol the benefits of having two leisure brands under one roof. [Full Article...]

Facebook Rolls Out Video Platform Watch Internationally

Facebook is rolling out its Watch video service globally one year after it launched in the United States with original entertainment news and sports content to compete with platforms like Alphabet Inc's YouTube. It has only been a month since Watch launched its first funded news shows , featuring an impressive roster of publishers, including ABC, Bloomberg, Buzzfeed, and NowThis, among others. [Full Article...]

JetBlue Raises Fees for Checked Luggage and Flight Changes

JetBlue Raises Fees for Checked Luggage and Flight Changes Although JetBlue Plus Card offers one free checked bag for the primary cardholder and up to three companions traveling on the same reservation, other premium credit cards have credits to offset checked baggage fees for users. Those who sign up for Blue Plus fares - which costs about $10 to $15 more than the standard economy ticket - will receive a free checked bag among other perks. [Full Article...]

TPG, Vodafone Australia confirm $15bn merger - Strategy - Telco/ISP

TPG, Vodafone Australia confirm $15bn merger - Strategy - Telco/ISP The two telcos had last week confirmed that they had entered discussions on a possible merger of the two mobile and fixed-line telecommunications companies, with TPG referring to it as a "merger of equals". TPG also claims 22,000 km of metro and long-haul fibre serving its own and the NBN's points of presence, "thousands" of on-network buildings, and its own global links (a cable to Guam, plus c... [Full Article...]

Cave explorer Elon Musk called a 'pedo guy' is preparing a lawsuit

Cave explorer Elon Musk called a 'pedo guy' is preparing a lawsuit Both tweets were later deleted. He has never presented any evidence for the allegation nor claimed to have any. Even though Musk last month formally apologized to Unsworth for his unsubstantiated attack, the Tesla boss went back on Twitter this week to once again taunt the man who was instrumental in rescuing trapped children. [Full Article...]

99.30% Of Demonetised Money Returns to RBI, Report Shows

99.30% Of Demonetised Money Returns to RBI, Report Shows The detection of counterfeit notes in the Rs 50 and Rs 100 denomination witnessed a record high in 2017-18 compared with two preceding fiscals, the RBI announced on Wednesday. The RBI says most of the demonetised currency is back, indicating that just a minuscule percentage of currency was left out of the system after BJP government's call for unprecedented note ban aimed at curbing black money ... [Full Article...]

US, Mexico reach NAFTA deal, turn up pressure on Canada

US, Mexico reach NAFTA deal, turn up pressure on Canada Foreign Affairs Minister Chrystia Freeland is on her way to Washington to re-join Mexico and the United States for urgent negotiations that could determine NAFTA's future. "Our highest export by far is Canada", Basta said. Another is urgency: Mexico and the US are in more of a rush, analysts say. "I think it's going to lead to more jobs for American workers and farmers but also more jobs for w... [Full Article...]

New trade deal will affect farmers and miners in MN

New trade deal will affect farmers and miners in MN Mr. Trump has frequently attacked NAFTA and other multilateral trade deals, saying he favors one-on-one agreements with countries instead. Univision anchor Enrique Acevedo said Monday on "The Story" that there is promise in the new trade deal outlined by President Trump and Mexican President Enrique Pena Nieto, but that it seems like a "Mission Accomplished moment" for the US leader. [Full Article...]

Mexico trade agreement sends markets to record highs

Mexico trade agreement sends markets to record highs But in recent weeks, Washington and Mexico City chose to tackle their own bilateral issues first. "This doesn't seem like a well-thought-out plan that leads anywhere sensible". President Donald Trump, right, arrives in the Oval Office for a telephone call with Mexican President Enrique Pena Nieto on August 27, 2018 . NAFTA reduced most trade barriers between the three countries. [Full Article...]

Oil gains, supported by rising stock market, U.S.-Mexico trade deal

President Donald Trump, right, arrives in the Oval Office for a telephone call with Mexican President Enrique Pena Nieto on August 27, 2018 . Addressing reporters in the White House Oval Office on Wednesday, Trump praised the preliminary agreement as an "incredible deal" for both countries. [Full Article...]

Toyota pours $500 mn into driverless vehicle tieup with Uber

Toyota pours $500 mn into driverless vehicle tieup with Uber Toyota invested in Uber in 2016 alongside an auto-leasing deal. The deal also will help both the Japanese automaker and Uber spread out the cost of designing and building the complex systems, which use computers, cameras, radar and laser sensors to guide the self-driving vehicles. [Full Article...]

Donald Trump announces new trade deal with Mexico

Donald Trump announces new trade deal with Mexico NAFTA has come under fierce scrutiny by President Trump , who called the agreement the "worst trade deal ever made". He said he may include Canada in the Mexican deal. He then threatened Canada with new tariffs on cars if it didn't come to a trade agreement with with the USA, which he said could be bilateral. "I'll be calling their prime minister very soon ", Trump said. [Full Article...]

Tesla abandons Elon Musk's plan to delist company

Tesla abandons Elon Musk's plan to delist company Those who would rather not would get $420 per share, which he said was already "a 20% premium over the ~$350 then current share price". Shares shot up 11 per cent the day of the tweet but they have since pulled back. It later transpired that he had not closed a deal with Saudi Arabia's sovereign wealth fund . Asked if he regretted it, he said, "Why would I?" After opening an inquiry followi... [Full Article...]

Bitcoin ETF Decisions to Be Reviewed According to SEC Commissioner Hester Peirce

Bitcoin ETF Decisions to Be Reviewed According to SEC Commissioner Hester Peirce Bitcoin was trading up almost 2 percent at US$6,480 on the Luxembourg-based Bitstamp exchange on Thursday after the SEC posted the letters . "The SEC isn't rejecting Bitcoin ETFs because they hate Bitcoin; the SEC is rejecting a Bitcoin ETF because all the previous ETFs failed to meet certain rules and requirements", read the blog. [Full Article...]

Ryanair changes baggage rules again in bid to reduce delays

Ryanair changes baggage rules again in bid to reduce delays However, priority customers will be able to bring on a free 10kg wheelie bag and a small bag as hand luggage at an additional cost of £6. Currently, non-priority customers are afforded one piece of small cabin baggage and can store a second bag in the hold at no extra cost under changes that came in January . [Full Article...]

Mass shooting leaves multiple dead in Jacksonville, FL, authorities say

Mass shooting leaves multiple dead in Jacksonville, FL, authorities say Jacksonville Sheriff Mike Williams named the shooter as David Katz , 24, of Baltimore and said he was in town for the competition. The culprit was dead on the scene . "As we continue to track developments, it's clear Congress must stop stalling & act to protect Americans from the daily tragedy of gun violence". The two-day Madden Classic qualifying event at Jacksonville Landing drew 256 play... [Full Article...]

Markets welcome Fed speech aimd emerging market jitters

Markets welcome Fed speech aimd emerging market jitters This gradual approach is the wisest policy for the Fed as it tries to navigate between the risks of raising rates too fast, thus "needlessly shortening the expansion", and moving too slowly and risking an overheated economy. The resolution, he said, is to move carefully. What our economists say "Powell stated it loud and clear: Gradual interest-rate hikes are appropriate". [Full Article...]


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