Markets

Canada announces new reciprocal surtaxes on US steel, aluminum

Canada announces new reciprocal surtaxes on US steel, aluminum

Starting July 1, our federal government is imposing tariffs on $16.6 billion worth of American goods imported into Canada. We're also targeting American items made from steel and aluminum. The Trump...

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End of an era: Toys 'R' Us stores close for good

End of an era: Toys 'R' Us stores close for good

In fact, the nationwide shutdown has left over 700 more empty retail spaces just like the one photographed and, more importantly, an $11 billion hole in the toy market. Many people have reacted to t...

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CO2 shortage causes Coca-Cola to temporarily pause production in UK

CO2 shortage causes Coca-Cola to temporarily pause production in UK

Speaking of the shortage, the British Poultry Council said that it could have a "potentially huge effect" on food production. Supply chains at major fizzy-drink manufacturers and poultry producers a...

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Swiss deposits rise on remittances scheme: Piyush Goyal

Swiss deposits rise on remittances scheme: Piyush Goyal

As per the liberalised LRS, an individual could remit up to United States dollars 2,50,000 per year, he added. According to the official annual data of the Swiss National Bank (SNB), the central b...

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BMW threatens United Kingdom plants closure if Brexit slows supply chain

BMW threatens United Kingdom plants closure if Brexit slows supply chain

But he said BMW would be forced to invest in new customs systems by late summer if there was no clarity on the UK's trading relationship with the EU. We want to have what we already have. The big pr...

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Brexit supporters urge Theresa May to walk away without European Union trade deal

Brexit supporters urge Theresa May to walk away without European Union trade deal

Most recently, BMW has warned it could cut operations . Fox, Foreign Secretary Boris Johnson and Brexit Secretary David Davis lined up to defend their Brexit strategy as protesters and business fig...

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"Death To Khamenei!": In Tehran protesting against the ayatollahs

Thousands of Iranians returned to the streets of Tehran on Monday in response to the significant devaluation of the country's currency, the rial, which is disrupting business by driving up the cost of...

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Crude Oil Prices In Focus After OPEC Decision: Where Are They Headed?

Crude Oil Prices In Focus After OPEC Decision: Where Are They Headed?

Almost everyone expected the OPEC+ decision to start raising oil production on Friday, with USA drivers excited to get some relief from high gas prices at the start of driving season. The spread bet...

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Harley-Davidson responds to fake anti-Trump quote attributed to CEO

Harley-Davidson responds to fake anti-Trump quote attributed to CEO

But on Monday, the company said the president's trade approach had put its business at a disadvantage, as the European Union hit Harley-Davidson with tariffs of 31 percent on every motorcycle exported...

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USA plans limits on Chinese investment in United States technology firms

USA plans limits on Chinese investment in United States technology firms

A government official told Reuters on Sunday night that the Treasury was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying usa companies with "industrially...

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Retaliatory Tariffs Drive Harley to Shift EU-Bound Production Overseas

Retaliatory Tariffs Drive Harley to Shift EU-Bound Production Overseas

Trump tweeted Tuesday, "A Harley-Davidson should never be built in another country-never!" Harley shares closed down almost 6 percent and analysts cut their profit forecasts on concerns about how...

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‘Zero waivers ever’: United States wants India to stop oil imports from Iran

‘Zero waivers ever’: United States wants India to stop oil imports from Iran

Iranians across the country have been protesting the nation's crumbling economy and government leadership for months. It was the first such confrontation since similar demonstrations rocked the countr...

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USA restrictions on Chinese investment next front in trade dispute

USA restrictions on Chinese investment next front in trade dispute

The Treasury Department is due to announce restrictions on Chinese investment in the U.S.by Friday. The recent heightened anxiety about trade among investors can be traced to a pair of events Sunday...

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Electoral board head: Turkey vote was 'healthy'

Electoral board head: Turkey vote was 'healthy'

A very high turnout (87 percent) tipped the balance in favor of AKP loyalists, and Erdogan secured a clear first-round victory with 52.38 percent of the vote according to unofficial tallies. He adde...

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Stung by tariffs, Harley shifts some motorcycle production overseas

Stung by tariffs, Harley shifts some motorcycle production overseas

After the European Union hit motorcycle imports from the USA with a 31 percent tariff , Harley-Davidson decided that its best move was to move production outside of the U.S.to avoid the tariff ...

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Thousands of protesters call for 'People's Vote' on final Brexit deal

Thousands of protesters call for 'People's Vote' on final Brexit deal

In the most bullish comments yet from a cabinet minister since the warning from the company's chief executive , Hunt said businesses sounding the alarm about job losses risked undermining the governm...

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Germany pockets 2.9 bn euros from Greece bailouts

Germany pockets 2.9 bn euros from Greece bailouts

He said soon after being elected that he would only wear one when Greece had settled its debt problems. Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 a...

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Supreme Court Let States Tax Online Shopping

Supreme Court Let States Tax Online Shopping

Boston-based Wayfair says it has been collecting sales tax as it has opened warehouses across the country to ship its sofas, rugs and other products. Regardless of where new sales tax laws come from...

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Opec allies endorse 1 million bpd rise in oil output

Opec allies endorse 1 million bpd rise in oil output

Iran was also understood to have demanded the final OPEC statement to include a formal OPEC condemnation of U.S. sanctions being imposed on OPEC member countries, which Tehran clearly did not get. ...

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Trump threatens to impose 20-pct tariff on imported cars from EU

Trump threatens to impose 20-pct tariff on imported cars from EU

The threat came the same day the European Union imposed new tariffs on American products, a retaliatory move for the tariffs Trump applied on steel and aluminum. The US may justify the vehicle t...

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Illinois Shoppers Pay More for Online Purchases, Good News for Small Businesses

Illinois Shoppers Pay More for Online Purchases, Good News for Small Businesses

The 2017 law requires businesses to collect online sales tax if they make at least $100,000 per year or conduct at least 200 transactions in the state in a year. The ruling is sure to elate the state'...

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Saudi Arabia persuades Iran and OPEC to agree increase in oil production

Saudi Arabia persuades Iran and OPEC to agree increase in oil production

Brent crude, the global oil benchmark, was down 1.6% on the day, at $73.54 a barrel, on London's Intercontinental Exchange. Our economy is still tied to a product and if you look at the improvement in...

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Saudi Arabia could see potential $10bn windfall from MSCI upgrade

Saudi Arabia could see potential $10bn windfall from MSCI upgrade

Saudi Arabia's Tadawul stock exchange is up by about 15 per cent year-to-date on anticipation of inclusion in the emerging markets benchmarks. That decision made Saudia Arabia one of the largest cons...

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Cannabis Will Be Legal in Canada By Mid-September After Senate Vote

Cannabis Will Be Legal in Canada By Mid-September After Senate Vote

The exact timeline for the law depends on when Prime Minister Justin Trudeau decides to put it into effect and how much time he allots for the territories and provinces to roll out retail sales. The...

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European Union counter-tariffs against United States come into effect on Friday - commission

European Union counter-tariffs against United States come into effect on Friday - commission

The global trade war deepened Thursday with China reiterating it will hit back if the latest tariff threats from Donald Trump materialize, while India followed the European Union in slapping retalia...

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