Markets

Markets Donald Trump Plans to End India's Preferential Trade Treatment
Author: 0 Donald Trump Plans to End India's Preferential Trade Treatment

Trump, who is on a mission to expand marker access overseas and end trade deficits, made the announcement on Monday in a letter to House Speaker Nancy Pelosi and Vice President Mike Pence in his capacity as the Senate President. Countries not covered by the GSP face USA tariffs of 2 percent and upwards. "I will continue to assess whether the Government of India is providing equitable and reasonable access to its markets, in accordance with the Generalised System of Preferences (GSP) ...

Markets Can New York win another HQ2?
Author: 0 Can New York win another HQ2?

The New York Times has also reported Gov. Cuomo has been personally calling Amazon executives, including Bezos, to convince Amazon to reconsider. "They've said the treatment that Amazon received, and their decision that it wasn't worth it, was pretty shocking and caused other firms and entrepreneurs to question whether it was worth it to take on ny".

Markets Donald Trump delays tariff hike on Chinese goods after 'great' trade talks
Author: 0 Donald Trump delays tariff hike on Chinese goods after 'great' trade talks

In a tweet , Trump wrote that should progress continue, the USA would plan a summit with President Xi Jinping of China to "conclude an agreement". Pushing back the March 1 deadline to more than double US tariffs on more than $200 billion of Chinese goods will help soothe investor worries that a ratcheting-up of the trade war would derail a global economic expansion that's already showing signs of softening.

Markets Tesla Has Finally Announced a Model 3 That Actually Starts at $35,000
Author: 0 Tesla Has Finally Announced a Model 3 That Actually Starts at $35,000

As for Tesla's profitability, it's retreating from earlier predictions - with Musk acknowledging Thursday the company will remain in the red in the first quarter. The hardware to allow for self-driving has already been installed on every Tesla model since October of 2016, but activating it requires an extra US$4,000 "Autopilot" option, or for buyers to tick the box on a US$7,000 feature labeled "Full Self-Driving".

Markets Victoria's Secret will close 53 stores
Author: 0 Victoria's Secret will close 53 stores

The hard holiday period and planned store closures are the latest turmoil for the brand. Business cited the company's failure to produce more custom-fitted bras, as well as its celebrity model advertising strategy, as reasons for the brand's struggles.

Markets Absent US diplomacy, India and Pakistan stand at the precipice of war
Author: 0 Absent US diplomacy, India and Pakistan stand at the precipice of war

The Indian warplanes went down Wednesday morning in Kashmir, a mountainous region claimed by both India and Pakistan since nearly immediately after their creation in 1947. "One of the aircraft fell inside AJ&K [Pakistan-controlled Kashmir] while other fell inside IOK [Indian-controlled Kashmir]". India registered a strong-worded objection to Pakistan's unwarranted advances into Indian airspace before the latter's Acting High Commissioner, Syed Haider Shah.

Markets Trump delays tariff increase as talks progress
Author: 0 Trump delays tariff increase as talks progress

Chamber president Alan Beebe said 47 percent of members wanted the USA government to "advocate more strongly" for a level playing field for US businesses in the world's second-largest economy. Trump announced Sunday he would postpone the March 1 increase after weekend talks made "significant progress". Securing some rather minor concessions from China to purchase more soybeans from the US was the easy part, but forcing sweeping changes to its trade practices - the so-called "structural reforms ...

Markets Man in viral Girl Scout cookie photo indicted in DEA bust
Author: 0 Man in viral Girl Scout cookie photo indicted in DEA bust

We had no reason to believe that this man was anything other than one of our valuable customers that is helping Girl Scouts power awesome experiences through the Girl Scout Cookie Program. "This man purchased seven packs of cookies". Kayla Dillard , the "cookie manager" of Troop 1574, told CBS News they were shocked when McGowan told them pack up.

Markets Stranded Amtrak train with 183 passengers is finally moving again
Author: 0 Stranded Amtrak train with 183 passengers is finally moving again

Almost 200 people have been stuck on an Amtrak train in OR for more than 30 hours. The Coast Starlight train carrying 183 people was travelling from Seattle to Los Angeles when it was struck by a falling tree falling about 72 kilometres southeast of the town of Eugene, Ore.

Markets Youtube may be problematic with ads, but it’s almost indispensable to brands
Author: 0 Youtube may be problematic with ads, but it’s almost indispensable to brands

Earlier this afternoon, BuzzFeed News reported that the famous video sharing platform is removing ads from videos that promote anti-vaccination contents, citing a ban on "dangerous and harmful" material. Dr Free Hess, a paediatrician and mother, learnt about the chilling videos on YouTube Kids over the summer, when another mom spotted one on the video app for children.

Markets Australian producers are already offering cut-price coal to India
Author: 0 Australian producers are already offering cut-price coal to India

Some investors linked the restrictions to China's trade war with the US. In response to the news on China's Dalian port restricting coal imports, Wood Mackenzie's experts provide the following commentaries. CURRENCY: The Australian dollar has recovered after falling against the U. China is expected to agree to buy more United States goods as part of a deal being brokered by negotiators in Washington this week.

Markets Oil hovers near 2019 highs from Opec cuts and U.S. sanctions
Author: 0 Oil hovers near 2019 highs from Opec cuts and U.S. sanctions

Much of that growing output is coming from US shale fields, where drillers use advanced methods to squeeze crude oil and natural gas from rock formations. U.S. commercial crude oil inventories rose by 3.7 million barrels to 454.5 million barrels in the week ended Feb 15, the EIA said. The agency also said that USA crude stockpiles had built for a fifth straight week, climbing by 3.7 million barrels last week to 455 million barrels.

Markets Colombian leader orders humanitarian convoy to return
Author: 0 Colombian leader orders humanitarian convoy to return

Venezuela's opposition and activists prepared on Saturday to confront troops stationed along the country's borders to block their plan to bring in food and medicine that authorities are calling a veiled US -backed invasion. Two people were killed after Venezuelan security forces reportedly fire on persons who were trying to prevent them from blocking the border with Brazil where a convoy was waiting with relief supplies.

Markets Honda expected to announce Swindon plant closure
Author: 0 Honda expected to announce Swindon plant closure

However, in January 2019, Honda said it would pause production for six days in April to prepare for potential Brexit disruptions. The Swindon plant, home of Honda UK Manufacturing (HUM), has been operating at around half-capacity for several years.

Markets Oil rises to $66 on U.S, China deal, others
Author: 0 Oil rises to $66 on U.S, China deal, others

Oil was close to its 2019 high of nearly $67 a barrel on Tuesday, supported by OPEC-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand. "Positive signs in the US-China trade talks helped boost sentiment across markets", ANZ bank said on Monday. Prices have been bolstered by a tightening market because of supply cuts organized by the Organization of the Petroleum Exporting Countries ( OPEC ) and some non-affiliated producers like ...

Markets China's January exports rebound, imports decline
Author: 0 China's January exports rebound, imports decline

He and U.S. Trade Representative Robert Lighthizer opened the meetings shortly afterward at the Diaoyutai state guest house with Chinese Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping. "President Trump and President Xi sitting down face-to-face figuring that out and getting that final deal because they are the only two that will ultimately be able to nail that down".

Markets Oil prices edge higher as financial markets pare some losses
Author: 0 Oil prices edge higher as financial markets pare some losses

Saudi supplies Saudi Arabia is planning to reduce its crude exports to 6.9 MMbpd next month and pump 9.8 MMbbl, Al-Falih told the Financial Times . Refining margins for gasoline have collapsed. With the monthly EIA report raising its us production forecast and lowering demand for energy consumption, “we feel crude and the equity markets are due for a pause, ” risking a downside move for both, said Tariq Zahir, managing member at Tyche Capital Advisors.

Markets Trump says could let deadline for inking trade deal with China slide
Author: 0 Trump says could let deadline for inking trade deal with China slide

While China has offered to buy more U.S. soybeans and beef, officials have yet even to agree on a draft of a deal that would address key United States concerns, according to media reports. China would likely respond by raising tariffs on $60 billion worth of U.S goods that it announced previous year in retaliation. Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies' intellectual property, or IP, end ...

Markets Democrats in Congress propose sweeping Green New Deal
Author: 0 Democrats in Congress propose sweeping Green New Deal

The climate measure is already supported by at least five senators seeking the Democratic nomination for president: Cory Booker of New Jersey, Kirsten Gillibrand of New York, Kamala Harris of California, Elizabeth Warren of MA and Amy Klobuchar of Minnesota.

Markets Trump to Ban Huawei Tech in US Wireless Networks
Author: 0 Trump to Ban Huawei Tech in US Wireless Networks

The U.S. has been citing national security as a reason behind excluding Chinese equipment, alleging their hardware could provide backdoor access to the Chinese government to harm American networks. "Were Huawei ever to engage in malicious behavior, it would not go unnoticed - and it would certainly destroy our business". "This will help ensure that our products are better prepared for a more complex security environment both now and in the future".

Markets Cryptocurrency exchange founder's death locks Sh13.7bn
Author: 0 Cryptocurrency exchange founder's death locks Sh13.7bn

Posts on the company's Facebook page have questioned the veracity of Cotten's death and claim that customers were told their fund transfers were underway even after Cotten died . Robertson said in the affidavit that Cotten's main computer contained a " cold wallet " of cryptocurrencies, which is only accessible physically and not online, and his death left "in excess of C$180 million of coins in cold storage ".

Markets Facebook Grows Profit, Despite Multiple Scandals
Author: 0 Facebook Grows Profit, Despite Multiple Scandals

The company said fourth-quarter sales were $16.91 billion, ahead of the $16.4 billion analysts expected. Facebook's operating margin fell 11 percentage points year over year to 46% during the fourth quarter, due to higher infrastructure investments and a 42% increase in its headcount.

Markets USA jobs surge leaves door open to rate rise this year
Author: 0 USA jobs surge leaves door open to rate rise this year

Wages have risen by 3.2 percent since this time past year. "We expect the labor market to gradually cool in 2019 but the combination of solid payroll gains, rising wages and falling unemployment rate will continue", Oxford Economics said in a client note.

Markets Black Friday and Cyber Monday boosted Amazon's holiday sales
Author: 0 Black Friday and Cyber Monday boosted Amazon's holiday sales

Sales will be US$56 billion to US$60 billion in the current period, compared with analysts' average estimate of US$61 billion. Prior to Amazon's earnings release, analysts at SunTrust Robinson Humphrey suggested that the company's own estimates, particularly in the fourth quarter, aren't always impressive.

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