Markets

USA imposes new tariffs on $200bn of Chinese goods

Collection of tariffs on the long-anticipated list will start September 24 but the rate will increase to 25 percent by the end of 2018, allowing USA companies s...


Salesforce billionaire Marc Benioff to buy Time magazine

The Wall Street Journal previously reported on the Time deal, which is slated to close in the next 30 days. Benioff said in an email to CNN, "Lynne and I ...


Strawberry crisis spreads to NSW as boy finds pin in Coles punnet

So far, three incidents have been reported to the police, including one in Queensland and two in Victoria . "It was lying on top of the strawberries", Dete...


NAFTA negotiations continue with little (public) progress reported

Welles Orr, who was assistant USA trade representative for congressional affairs in the George H.W. Bush administration, said the prospects appear good for a de...


Jeff Bezos Rips President Trump over 'Dangerous' Attacks on the Washington Post

His private ownership of The Washington Post , which has published articles critical of the White House, has also put him at odds with US President Donald Trum...


Trump and Obama spar over economy as midterm polls near

Gross domestic product increased at a 4.2 annualized rate in the second quarter of 2018, and the unemployment rate was 3.9 percent in April, 3.8 percent in May ...


Congress Bharat Bandh evokes mixed response; BJP calls it failure

The percentage increase was 20.5. The price of diesel increased by 15 paise; it is now Rs 77.47 per litre. The government had in May this year - when petrol, ...


Donald Trump is capitalising on resentment, says former President Barack Obama

The speech was a preview of the argument he will make on the campaign trail, which he is about to embark on in the hopes of helping Democrats prevail in Novembe...


Biggest single-day increase in petrol and diesel prices in Ahmedabad

In cities like Kolkata, Mumbai and Chennai, a per litre petrol is available at Rs 83.27, Rs 87.77 and Rs 83.54 respectively. The increase pushed the petrol pr...


Bitcoin And AltCoins Hit Hard By Reported Goldman Exit From Crypto Plans

The situation changed dramatically following a report from the Business Insider , suggesting that U.S. banking giant Goldman Sachs has put on hold plans to ...


Donald Trump threatens $267bn more tariffs on Chinese goods

In a tweet , Trump said there's an "easy solution" to Apple's potential woes that also came with a tax break: "Make your products in the United States ins...


China’s richest man Jack Ma to step down from Alibaba for ‘philanthropy’

This will be a big change of guard for the $420 billion dollar Chinese internet company. Ma turns 54 on Monday, which is also a holiday in China known as Teac...


Rick Scott avoids questions on Trump's Mexico trade pact

Those constituents have also expressed concern that Trump will intensify a trade war with Beijing this week by announcing tariffs on US$200 billion of Chinese g...


Buhari Participates In China-Africa Cooperation Forum

Trade volume between China and Africa increased by 17 times between 2000 and 2017. The program is part of Xi's broader Belt and Road Initiative, an ambitious ...


Canada 'will be out' of trade deal unless it's 'fair'

While the majority of Americans, including Congress believe we are friends with Canada, and this is a friendship that goes back hundreds of years, some people a...


Bugatti Chiron Lego Technic edition: Everything you want to know

Here's a video of the LEGO Bugatti Chiron in motion. Power comes from 2,304 motors and 4,032 Technic gears, producing 5.2bhp and 92Nm of torque. Well if...


Appeal Court quashes approval of Trans Mountain pipeline expansion

In a written decision , the court indicated that the National Energy Board's review of the expansion project was "so flawed" that the Trudeau Government coul...


California lawmaker withdraws bill that would criminalize religion-based "gay conversion therapy"

Brown has not said whether he'll sign the bill, which would likely draw a lawsuit from the industry. Under these laws, internet providers would be required to t...


Coca Cola buys Costa Coffee for £3.9 billion

Costa, which is now owned by Whitbread , is being sold for £3.9 billion ($5.1 billion). Whitbread had meant to spin off the chain as a separate firm, but sa...


99.3% Of Demonetised Currency Notes Returned To Banks So Far: RBI

India's currency to GDP ratio moved up to 10.9 per cent in 2017- 18, returning to being amongst the highest levels of currency usage in peer emerging market eco...


Tesla shares drop after Musk abandons buyout plan

David Johnson, a managing partner at corporate restructuring firm Abraxas Group, told FOX Business that Musk had made a misstep firing the tweet off. "Thank y...


US, Mexico reach new trade agreement

Earlier on Monday, Trump had tweeted about " A big deal looking good with Mexico ". Al Jazeera's Kimberly Halkett, reporting from Washington , DC, said Tru...


‘India seeks to continue importing Iran oil despite United States sanctions’

Oil prices rose 3%, with Brent crude futures hitting a three-week high. Refinery utilisation rates remained unchanged last week at 98.1% of total capacity, th...


US, China impose new round of tariffs

China's Commerce Ministry said in Beijing that it has filed a complaint with the World Trade Organization over the latest round of USA tariffs. The latest ...


Australia PM Malcolm Turnbull clinging on amid fresh leadership challenge threat

Dutton needs to prove he has majority backing, or 43 signatures from within the party's parliamentary group - a requirement for him to force a second crack at t...


Donald Trump attacks former personal lawyer Michael Cohen

Cohen's lawyer, Lanny Davis , told NPR's Rachel Martin that his client believes Trump is "both corrupt and a risky person in the Oval Office" and that Cohen ...


Lira takes another hit as USA pastor loses appeal

Earlier on Wednesday, White House spokesperson Sarah Sanders said the USA side would consider lifting sanctions that have been placed on Turkey if Ankara rele...


It will be tough for Trump's SEC to overhaul reporting rules

The SEC has been reluctant to make changes in quarterly reporting, which has always been a cornerstone of U.S. capital markets. Abolishing the rule would ...


Nigeria’s inflation dips to 11.14% in July - NBS

This slowdown in United Kingdom house price growth over the past two years is driven mainly by a slowdown in the south and east of England, the ONS said. As for...


More US sanctions for Turkey if they don't obey

The lira has lost almost 40 percent of its value against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his refusal...


Turkey will emerge stronger from lira crisis despite row with USA: minister

The Trump administration has made Brunson's release a priority, accusing Turkey of fabricating charges against him and holding him as a political prisoner. "T...


Turkey slaps retaliatory tariff hikes on key USA products

This comes after defense attorneys for pastor Andrew Brunson renewed an appeal on Tuesday, ordering the Turkish government to release their client from house ar...


The Autocratic Origins of Turkey's Economic Crisis

He specifically highlighted Apple, the Associated Press reports , saying Turkey would stop bringing in iPhones in favor of devices from South Korea's Samsung ...


Rupee fall continues, hits record low of 70 against USA dollar

This is the steepest fall for the Indian rupee since September 2013. The rupee has been suffering due to turmoil in the Turkey currency market raising concern...


United States seeks to stab Turkey in the back: Turkey's president - USA

The lira has been pummelled this year by worries over Erdogan's influence over the economy and worsening relations with the US. The lira rallied slightly o...


Saudi Arabia fund in talks to invest in Tesla buyout deal

The two lawsuits filed by Isaacs and William Chamberlain on Friday alleged that Musk and Tesla's behaviour following the tweets violated United States securit...


Elon Musk says Saudis back Tesla buyout

Former SEC attorney Teresa Goody and The Wall Street Journal tech and autos reporter Tim Higgins on the fallout from Tesla CEO Elon Musk's tweet about pot...


Trump announces 'doubling' of tariffs on steel, aluminum on Turkey

The lira , which had already lost one-third of its value this year largely over worries about Erdoğan's wider control of the economy, is at a fresh record low,...


Oil prices extend gains after United States sanctions against Iran

EDT (1633 GMT). "The re-imposition of US sanctions on Iran remains the key (price) driver in the near-term". Watch oil trade in real time here . Iran's ...


Tesla take-private skepticism grows after Elon Musk's funding claim

The report came the day after Musk said he was considering taking Tesla private and that funding had been secured, but did not offer any specifics about the...