Finance

Trump says China trade talks go ‘really well’. Officials ask: ‘What talks?’

Trump says China trade talks go ‘really well’. Officials ask: ‘What talks?’ The US President's comments came after a meeting with European Commission President Jean-Claude Juncker amid pressure in the US over the impact tariffs are having on the country's farmers after he unleashed a trade war . Trump says a 10 per cent tax on imports of cars to the European Union is too high compared with the 2.5 per cent rate charged by the USA, and he's also been critical of the Eur... [Full Article...]

UK Premier May downgrades Brexit department

UK Premier May downgrades Brexit department But at the Brexit Committee, Mr Robbins agreed with the suggestion of prominent Brexiteer Jacob Rees-Mogg that it would be "unfair" to suggest he was driving Government policy. Theresa May said the British public should take "reassurance and comfort" from Government preparations for a no-deal Brexit after it emerged plans were being developed to stockpile food and medicines. [Full Article...]

European Union and U.S. kiss and make up on trade

European Union and U.S. kiss and make up on trade In a joint appearance before the press with Juncker, Trump said that the European Union will begin importing soybeans from the US Midwest, as well as liquefied natural gas to "diversity" its energy sources, in addition to reducing some industrial tariffs. [Full Article...]

Iran military official warns of 'strong' response to USA threats

Iran military official warns of 'strong' response to USA threats A better-performing greenback makes dollar-denominated gold more expensive for traders using other currencies, effectively making it less attractive for investors. On Monday, Iran dismissed an angry warning from Trump that it risked dire consequences "the like of which few throughout history have suffered before" if it made threats against the United States. [Full Article...]

Facebook (FB): What the Hell Just Happened to the Stock?

Facebook (FB): What the Hell Just Happened to the Stock? Facebook's shares had gained more than 10 per cent over the last month and closed higher at US$217.50 on Wednesday, before the company reported earnings. Analysts had expected $13.34 billion in revenue, and earnings of $1.71 per share. The earnings release was the latest in a string of major stories to come out of Facebook in the past day or so, including the brutally frank memo from outg... [Full Article...]

South Africa President Cyril Ramaphosa welcomes PM Modi

South Africa President Cyril Ramaphosa welcomes PM Modi The summit runs through Friday with various heads of BRICS attending. Originally the first four were grouped as "BRIC", before the induction of South Africa in 2010. But, she said, BRICS may use that adversity to seek to build a new world order, even beyond the five-member bloc. South African Trade Minister Rob Davies said it was suffering collateral damage. [Full Article...]

$522M jackpot Mega Millions winning Lotto ticket sold in San Jose

$522M jackpot Mega Millions winning Lotto ticket sold in San Jose The jackpot is the second highest collected this year; the highest was March's $533 million jackpot. The ticket was sold at Ernie's Liquors on South White Road, according to the California Lottery. If you've recently purchased a mega millions ticket there in the past few days, you may be the lucky victor of $522 million. The last jackpot was hit on May 4th. [Full Article...]

A closer look at Sergio Marchionne's life and career

This afternoon, Elkann announced that the longtime CEO had passed away, saying: " Sergio Marchionne , man and friend, is gone". In the clubbish world of Italian business, where change often happens slowly and chief executives bend to the prevailing political wind, Marchionne stood out as an exception, taking on trade unions and rowing publicly with politicians. [Full Article...]

Ryanair strike hits 600 flights, 100,000 passengers

Ryanair strike hits 600 flights, 100,000 passengers The Ireland-headquartered Ryanair on Wednesday announced that it has cancelled 600 flights flying to and from Spain, Portugal and Belgium due to the strikes planned by some of its cabin crew in the three European countries later this month. [Full Article...]

Trump Announces $12B Bailout For Farmers

Trump Announces $12B Bailout For Farmers And Sen. Bob Corker (R-Tenn.), who has written legislation to remove some of Trump's unilateral power to impose tariffs, said the administration created a problem it is now having to throw money at to fix. And American consumers are the ones who get hit with USA -imposed tariffs. That would finally be called Free Market and Fair Trade! They warned that new duties would be harmful to United... [Full Article...]

No Big Weekend Winners, Lottery Jackpots Grow

No Big Weekend Winners, Lottery Jackpots Grow Ken Brown from Reeders hopes he has a good combination of numbers in his hand. "That's a lot of money to win and to just win half of it-even if I get just a few numbers I'll be happy", Robinson said. Without $1 Power Play, the ticket would have been worth $50,000. Robinson bought four tickets, one for each of her kids, she says. "I'd buy a new house, travel, take care of the kids and grandki... [Full Article...]

Trump administration plans to help farmers hurt by global trade tensions

Trump administration plans to help farmers hurt by global trade tensions The aid from USDA will likely do little to solve farmers' problems. Trump tweeted from the White House that USA trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs". The supports are a balm to producers who are seeing prices drop and inventories rise because of disputes with China, Canada and other trade partners who are significant purchasers of USA pork, soybeans ... [Full Article...]

US announces billions to help farmers hurt by Pres. Trump tariffs

Johnson says, "I'm very exasperated". The aid package, set to begin in September, is mostly created to help soybean farmers, dairies and pork producers. "We're opening up markets". After Trump announced plans to impose $50 billion in tariffs on Chinese imports, Beijing retaliated with plans to impose tariffs on a range of agricultural products from the United States including soybeans, grains,... [Full Article...]

China trade surplus with U.S. hits historic high & timing couldn't be worse

China trade surplus with U.S. hits historic high & timing couldn't be worse Trump's tweet - all in capital letters, the digital equivalent of shouting - came after Rouhani warned the United States leader on Sunday not to "play with the lion's tail", saying that conflict with Iran would trigger the "mother of all wars". [Full Article...]

Four flavors of Goldfish recalled due to salmonella concerns

Four flavors of Goldfish recalled due to salmonella concerns Anyone who may have purchased any of these products is advised not to eat them. The same whey powder is also found in Ritz products. The company says there's a chance the products may be tainted with salmonella . For more information, consumers should call Pepperidge Farm's customer service line at 800-79-1791. Pepperidge Farms notes the four varieties come in multiple packaging options and... [Full Article...]

South Korea Says It Plans To Reduce Guard Posts On The DMZ

South Korea Says It Plans To Reduce Guard Posts On The DMZ Attention is also being paid as to whether the foreign ministers of South and North Korea and the USA will meet at the ASEAN Regional Forum to take place next week in Singapore. "Japan is happy, all of Asia is happy", he said. Decades-old remains that North Korea has handed over in the past have not always been identifiable as US troops. [Full Article...]

Trump to offer U.S. farmers billions to ease trade pain

Trump to offer U.S. farmers billions to ease trade pain Trump declared earlier Tuesday that "Tariffs are the greatest! " and threatened to impose additional penalties on USA trading partners as he prepared for negotiations with European officials at the White House. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that a year ago totaled $335 billion. "We're stopping the barriers to other ... [Full Article...]

Shares surge at Google's Alphabet as it crushes forecasts

Shares surge at Google's Alphabet as it crushes forecasts In the same quarter a year ago, Alphabet reported per-share earnings of $8.90, which excluded a $2.7 billion charge for another European fine. Google also has tweaked its comparison shopping service as it strives to comply with an European Union ruling from past year, and it plans to soon release changes to how it handles political ads. [Full Article...]

Google parent Alphabet sees record highs despite EU fine

Google parent Alphabet sees record highs despite EU fine The European Commission hit Google with a €4.3 billion ($5 billion) fine last week for abusing the dominance of its mobile operating system. Shares in Google parent Alphabet jumped in after-hours trading Monday as the company's second-quarter results exceeded Wall Street forecasts after taking into account a $5 billion U.S. [Full Article...]

Tesla shares plunge after reports it is seeking refunds

Tesla shares plunge after reports it is seeking refunds According to a report from The Wall Street Journal , Tesla has asked suppliers to refund part of the money it's previously paid to them. Shares in the electric vehicle maker had plunged around 6.6pc on Monday, as the market digested the report which had been taken as a worrying reflection of the company's finances. [Full Article...]


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