Finance
Trump backs off restricting China investment
The president has threatened to impose an estimated $450 billion in tariffs on Beijing in an effort to reverse what he has labeled as bad trade deals with China. Those reports triggered a sell-off in tech stocks . The Commerce Department is still looking into enhanced export controls, which would stop U.S. [Full Article...]
'We won't forget,' Donald Trump warns Harley Davidson
Other companies are coming back where they belong! On Wednesday, Trump again took to Twitter to urge the company not to move any of its operations overseas and warning "we won't forget" the decision. The Milwaukee-based company said Monday it came to its decision because of retaliatory tariffs it faces in an escalating trade dispute between the USA and the European Union. [Full Article...]
Chinese tech investment in U.S. is next target in Don's crackdown
Not wanting to be outdone, Trump asked United States trade officials to consider tariffs on an additional US$100bn of Chinese exports to the U.S., before releasing a revised list on 15 June covering the same amount but more heavily targeting intermediate inputs which could damage supply chains for USA companies. [Full Article...]
Oil prices rise on USA push to shut out Iran
The Ras Lanuf and Sidra oil terminals, located in the country's northeastern oil crescent, came under attack earlier in June when an armed group opposing Haftar attempted to make a dent in the main income source for Haftar's forces. "UN Security Council resolutions are very clear - oil facilities, production and exports must remain under the exclusive control of (Tripoli-based) NOC and the sole ... [Full Article...]
Oil is sliding after OPEC cuts a deal to raise production
Pradhan, who spoke at an OPEC seminar in Vienna ahead of the meeting of oil ministers of the association on Friday, said there should be production assurance by OPEC countries. The front-month Brent/WTI spread, which hit near three-year high in late May at more than $11/b, has since declined sharply to trade within a $5-$7/b range, settling at $6.65/b on Monday. [Full Article...]
Harley-Davidson using trade war as 'excuse' for move
The tariffs imposed by the European Union, which he says has "long taken advantage of the United States in the form of Trade Barriers and Tariffs", would "all even out" soon, and he demanded Harley-Davidson be patient as his administration exerted pressure on other countries to drop trade barriers against the US. [Full Article...]
China defends its United States investment record
The pushback took the form of Brussels and Beijing agreeing to form a group inside the World Trade Organisation dedicated to rewriting the global rules on subsidies and tech policy in the light of Trump's actions. After talks over the issue broke down this spring, the United States and China said they would both apply new tariffs to billions of dollars worth of goods from each other's country ... [Full Article...]
Trump warns Harley move overseas 'beginning of the end'
If they move, watch, it will be the beginning of the end - they surrendered, they quit!. Companies will go where they get a chance to make money, fake nationalism be damned. There, it competes with European and Japanese-made motorcycles which are not subject to the new tariff . The poster boy of US President Donald Trump's trade war - Harley-Davidson - just embarrassed him by deciding to take p... [Full Article...]
Trump Calls On Allies to Quit Buying Iranian Fuel. Oil Prices Soar
Iranian President Hassan Rouhani takes part in a news conference near the United Nations General Assembly in the Manhattan borough of NY, U.S., September 22, 2016. Prosecutor Abbas Jafari Doletabadi said the "main provocateurs" of Monday's protests were arrested, but did not say how many . "In recent days some tried to shut down the Bazaar, but their plot was thwarted by the police", Ayatolla... [Full Article...]
Trump's Tariffs Are Forcing Harley-Davidson To Move Jobs Overseas
Then he goes on mildly threatening that should it move production overseas, Harley will not be able to sell back to the USA without paying a big tax . He said the Alliance has reached out to Harley-Davidson with questions on whether plans to move 450 jobs here from Kansas City will be affected. That was long before Tariffs were announced. [Full Article...]
China, Europe warn trade war could trigger global recession
However, his confusing interview to CNBC did little to clarify the situation, as he said the administration was "not singling out China" but also that Treasury would release a report on Friday on the issue of investment restrictions on China. [Full Article...]
'Opposition denied equal conditions in Turkey polls'
As Western allies ponder their approaches, it is worth considering that other countries are also facing internal struggles-including the United States. Some critics argue that Turkey's new system lacks the checks and balances of other executive presidencies like France or the US. However, there is an air of hopelessness and disappointment so strong that you can touch it with your hands, I gu... [Full Article...]
Harley-Davidson to make more motorcycles outside the US
The shift in production is an unintended effect of US President Donald Trump's administration imposing tariffs on European steel and aluminium early this month, a move created to protect US jobs. Harley-Davidson has disputed those allegations, arguing the move was about boosting overseas sales. Analysts at Baird Equity Research cut its 2018 profit estimates for Harley-Davidson to US$3.70 per s... [Full Article...]
U.S. Treasury's Mnuchin says new investment curbs not specific to China
The fireworks in the stock market follow an escalation in the back-and-forth threats to global trade, which suggest that investors are becoming increasingly anxious that political rhetoric is moving toward actual policy. Harley-Davidson Inc said on Monday it would move production of motorcycles shipped to the European Union from the United States to its worldwide facilities and forecast the tradin... [Full Article...]
Harley Moves Production to Europe to Avoid Tariffs
The firm said almost 40,000 people bought new Harley-Davidson motorcycles in Europe past year, which in terms of revenue generated, was second to only the U.S., making it a "critical market". While the company said that it expects it will take "9 to 18 months" to increase production at its facilities overseas, the move is already drawing the ire of tariff critics, including members of the pres... [Full Article...]
Iran protesters confront police at parliament
The currency has been sliding for months because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the pullout by Washington from the nuclear deal and renewed USA sanctions against Tehran could shrink the country's exports of oil and other goods. [Full Article...]
USA will crack down on all countries trying to steal its technology
Karl Schamotta, director of market strategy at Cambridge Global Payments, said that even though the actions by the US administration and retaliating countries "occupy a diminishingly small niche in the flow of global trade", they are having important psychological effects. [Full Article...]
U.S. stocks join global selloff on trade war worries
The disagreements were also about USA tariffs on $34 billion worth of Chinese goods that are scheduled to go into effect on July 6, which China said would trigger retaliation involving its imports of American soybeans and motor vehicles. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2018. "Harley-Davidson expects these tariffs will result in an ... [Full Article...]
Harley-Davidson, Inc. (HOG) EPS Estimated At $1.40
While, the analyst predicted that the company could provide an EPS of $0.9/share. Zacks Investment Research downgraded shares of Harley-Davidson from a "buy" rating to a "hold" rating in a research report on Monday, June 11th. Independent Franchise Partners LLP now owns 8,224,166 shares of the company's stock worth $418,445,000 after acquiring an additional 122,881 shares during the last quarter... [Full Article...]
Uber's appeal over London licence ban begins
Transport for London , the British capital's transport regulator, refused to renew the ride-hailing company's private hire license in September. Tom de la Mare QC, representing Uber, said the firm had taken the "unusual" stance of not opposing TfL's reasons for not renewing the licence and said it had "led to wholesale change" and a "clean break" in personnel in its London headquarters. [Full Article...]