Money

Oil at 3-Year High amid Supply Risks

Oil at 3-Year High amid Supply Risks Nobkhat revealed that his government is creating an emergency budget which will be discussed by parliament along with the public budget. Yesterday, oil gained over 3% after the initial announcement from the State Department announced that it would continue to implement the Iranian economic sanctions. [Full Article...]

Global stocks sink on festering trade war

Global stocks sink on festering trade war However, Trump is targeting this plan by barring some technology exports to China, as well as by blocking firms controlled by China from investing in US technology. tariffs on $US34 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. [Full Article...]

Trump 'surprised' by Harley-Davidson move to shift work

Trump 'surprised' by Harley-Davidson move to shift work European Union tariffs on Harley-Davidson motorcycles exported from the USA have increased from 6% to 31%. "There's a lot of irony here, to put it mildly". "I think this is only the beginning". Trump has held up Harley as an example of a manufacturer that would benefit from his policies. Harley-Davidson Inc. [Full Article...]

Supreme Court closes online sales tax loophole

Supreme Court closes online sales tax loophole On Thursday, they got that even field when the U.S. Supreme Court ruled on Quill Corporation v. That precedent dates to 1967, when the court said mail-order retailers were obligated to collect sales taxes only in states in which a company had a physical presence, such as a retail store or distribution center. [Full Article...]

IN officials react to Supreme Court's online sales tax decision

IN officials react to Supreme Court's online sales tax decision Sales tax collection in Florida already has been evolving. The 5-4 court opinion finally recognizes the impact of the internet and acknowledges commerce has changed since the court ruled in the 1960s and early 1990s that businesses had to have a physical presence in the state before the state could require them to collect state and local sales taxes. [Full Article...]

Saudis Pledge Decisive Oil Supply Boost to Comfort Consumers

Saudis Pledge Decisive Oil Supply Boost to Comfort Consumers OPEC sources also said Iran had demanded that USA sanctions be mentioned in the group's post-meeting communiqué. Iran doesn't believe its customers will get waivers from the USA government that would allow them to continue crude purchases, Oil Minister Bijan Namdar Zanganeh said in a Bloomberg television interview on Friday . [Full Article...]

European Union slaps $3.4 billion in reprisal tariffs on USA goods

European Union slaps $3.4 billion in reprisal tariffs on USA goods The U.S. will start imposing new levies on $34 billion in Chinese goods on July 6, with $16 billion to come later and then up to $400 billion more; China vows immediate tariffs on soybeans and other agricultural products. The EU is not the only affected region. The remaining USA products valued at 3.6 billion euros will take place at a later stage, either in three years' time or after a posi... [Full Article...]

China's tariffs on US oil to disrupt $1b business

China's tariffs on US oil to disrupt $1b business By contrast, Saudi Arabia , the cartel's biggest producer and a fierce regional rival to Iran, could have the room to increase output more — and make more money — to make up for the shortfall in countries like Iran. "This recalls the June 2011 meeting, when OPEC was unable to agree on an increase in production to compensate for the outages.in Libya", Fritsch said. [Full Article...]

Oil prices turn positive as U.S. crude inventories fall

Oil prices turn positive as U.S. crude inventories fall Their combined strength should also give them a say over matters such as oil exports from Iran after the USA pullout from the Iran nuclear deal. Brent and WTI hit 3-1/2-year highs in May but have since drifted lower, indicating investors expect the market to soon become better supplied as USA crude production rises and as OPEC and its allies look poised to increase output. [Full Article...]

European Central Bank eyed after Fed raises rates

European Central Bank eyed after Fed raises rates In the May statement, however, the United States central bank said that " economic activity has been rising at a moderate rate ". Many markets in Asia, including Singapore and Kuala Lumpur, were closed yesterday for holidays celebrating the end of Ramadan. [Full Article...]

Kim summit to cost Singapore 'around $20 million': PM Lee

Kim summit to cost Singapore 'around $20 million': PM Lee After their historic meeting, President Trump shows North Korean dictator Kim Jong Un a sneak peek inside the presidential limo. "I think it will be tremendously successful, and it's my honor and we will have a terrific relationship". Singapore's Ministry of Foreign Affairs (MFA) released a statement saying the two discussed mutual relations and the situation on the Korean peninsula, with Pri... [Full Article...]

Ghanaian government to dissolve football association after bribery allegations

Ghanaian government to dissolve football association after bribery allegations The President of the Association was filmed collecting $65,000 from "investors" to influence the president and vice-president to get road contracts. The Ghanaian government has begun a process to dissolve the national soccer body, Information Minister Mustapha Abdul-Hamid said on Thursday. [Full Article...]

Flight from Pyongyang lands in Singapore ahead of North Korean leader’s arrival

Flight from Pyongyang lands in Singapore ahead of North Korean leader’s arrival Talks between the leaders on June 12 are expected to centre on ending the North's nuclear weapons and missiles programmes in return for diplomatic and economic incentives. Kennedy warned Khrushchev of American action if he did not pull back. "I think that Chairman Kim Jong Un is prepared to do that as well", he said. The one thing it is impossible for North Koreans to understand, however, is h... [Full Article...]

ZTE Signs Preliminary Agreement With Commerce Department To Lift US Ban

ZTE Signs Preliminary Agreement With Commerce Department To Lift US Ban That arrangement took experts on Chinese business by surprise, and some questioned how it could work. "China technology and trade", said Samm Sacks, a senior fellow in the Center for Strategic and International Studies' technology program. [Full Article...]

Musk Reveals New Tesla Roadster Will Have Insane SpaceX Performance Option

Musk Reveals New Tesla Roadster Will Have Insane SpaceX Performance Option As Electrek reports, the image was revealed yesterday alongside the latest Tesla shareholders meeting. That goal has always been a moving target for the company, highlighting the troubles the electric vehicle startup has faced ramping up production of its first mass market auto. [Full Article...]

China sends trade war warning as Donald Trump's tariff deadline looms

China sends trade war warning as Donald Trump's tariff deadline looms US Commerce Secretary Wilbur Ross is expected to meet Chinese Vice Premier Liu He on Sunday for talks as officials from the world's two biggest economies try to calm an escalating trade spat that has rattled financial markets. French Finance Minister Bruno Le Maire even referred to the bloc as G6+1 as an indication of the deepening rift. The USA has threatened to impose tariffs on as much as $... [Full Article...]

Roseanne Barr Denies She's Racist, Calls Valerie Jarrett Tweet a 'Stupid Joke'

Roseanne Barr Denies She's Racist, Calls Valerie Jarrett Tweet a 'Stupid Joke' The president's latest missive came a day after he first criticized Iger - the CEO of Disney, ABC's parent company - for apologizing to Valerie Jarrett over a racist tweet from Roseanne Barr , but not apologizing to him. In the flurry of tweets Thursday, she apologized to her " Roseanne " co-star, Jayden Rey . What she did and what she said is totally wrong. "Will I ever recover from t... [Full Article...]

Vermont Could Pay You Up To $10K If You Move There

Vermont Could Pay You Up To $10K If You Move There Those who relocate and take part in the program need to be full-time employees of a business based outside of Vermont and need to be able to work remotely. Vermont will pay for your relocation expenses by giving you up to $5,000 a year for two years. The first-come, first-served remote worker grants are only available to new residents who relocate on or after January 1, 2019. [Full Article...]

Trump Wanted a Trade War. Here's What One Looks Like: QuickTake

Trump Wanted a Trade War. Here's What One Looks Like: QuickTake Trump has regularly complained that other countries impose higher tariffs on imported vehicles than the USA does. "Congress can not sit idly by as Donald Trump continues to isolate the United States and cede leadership to Russian Federation and China on the global stage". [Full Article...]

Visa cards affected by major processing outage in Europe

A Sainsbury's spokesperson commented: "We are aware that Visa are now experiencing problems". Visa says it is "working as quickly as possible to resolve the situation". "It is affecting all payment providers across the United Kingdom and Ireland". Visa card payments are failing across the United Kingdom and Europe. [Full Article...]


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