Finance

US, China impose new round of tariffs

US, China impose new round of tariffs

Mr Trump has threatened to impose duties on virtually all of the more than US$500 billion of Chinese goods exported annually to the United States unless Beijing agrees to sweeping changes to its int...

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The annual Jackson Hole conference kicks off today

The annual Jackson Hole conference kicks off today

The dollar index against a basket of six major currencies.DXY was down 0.1 percent at 95.186 after losing 0.7 percent the previous day. The dollar sagged on Wednesday, as US President Donald T...

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Australian ruling party set to choose new prime minister

Australian ruling party set to choose new prime minister

Australian Prime Minister Malcolm Turnbull reacts during House of Representatives Question Time at Parliament House in Canberra, Australia , on Aug 21, 2018. The Australian government has shut dow...

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Cohen’s lawyer launches GoFundMe to help pay his legal fees

Cohen’s lawyer launches GoFundMe to help pay his legal fees

But that ruling did not directly address whether a president could be subpoenaed to testify in a criminal investigation, a question the Supreme Court may have to confront if Mueller tries to compel Tr...

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Donald Trump says asking SEC to consider ending quarterly earnings reports

Donald Trump says asking SEC to consider ending quarterly earnings reports

The US President said he has asked the Securities and Exchange Commission to consider altering rules requiring firms to report every quarter. The headquarters of the U.S. Quarterly reporting b...

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More US sanctions for Turkey if they don't obey

More US sanctions for Turkey if they don't obey

Washington warned more economic pressures may be in store for Turkey if it refuses to release Brunson, a White House official said on August 15. U.S. . He did not elaborate on what measures the U....

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Qatar pledges $15 billion to invest in Turkey

Qatar pledges $15 billion to invest in Turkey

US Treasury Secretary Steven Mnuchin suggested Thursday the next spiral of tit-for-tat sanctions was coming soon, in a sign of a deepening spat. On Wednesday, Turkey rejected pastor Andrew Craig B...

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Qatar pledges $15 billion of investment in Turkey

Albayrak, Erdogan's son-in-law, was appointed last month following the president's re-election with new executive powers. Earlier in the week, President Recep Tayyip Erdogan asked Turkish citizens...

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Morocco campaign to boycott US products in solidarity with Turkey

Morocco campaign to boycott US products in solidarity with Turkey

Erdogan also has called on people to exchange their USA dollars for Turkish lira to help strengthen the exchange value of the country's currency . On Wednesday, the lira traded at 6.4125 to the U....

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Indian rupee hits all-time low

Indian rupee hits all-time low

In the current financial year, which began on April 1, the rupee has depreciated around 6.7% against the USA dollar. The rupee on Monday crashed by 110 paise, which is its biggest single-day fall in f...

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Turkey will boycott United States electronics like the iPhone, according to its president

Turkey will boycott United States electronics like the iPhone, according to its president

The lira hit a record low of 7.23 per dollar late Sunday after Erdogan remained defiant in his economic policies and the standoff against the United States, a North Atlantic Treaty Organisation ally...

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Tesla seeks wide investor pool to back its take-private plan

Tesla seeks wide investor pool to back its take-private plan

That price "would only be used for Tesla shareholders who do not remain with out company if it is private", Musk said . Elon Musk on Monday offered up details on his surprise tweet last week ...

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Turkish Lira Crumbles, Will it Send EURO on a Downward Spiral?

Turkish Lira Crumbles, Will it Send EURO on a Downward Spiral?

Then there is the fact that Turkey has detained a United States pastor on terrorism charges which has further angered the U.S. administration and led to sanctions on two Turkish government officia...

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International Olympic Committee signs up USA crude in 1st ever term-tender deal

International Olympic Committee signs up USA crude in 1st ever term-tender deal

Trump has said Saudi Arabia's ruler King Salman had agreed to his request and would soon raise oil output by up to 2 million barrels per day (bpd) to make up for shortfalls due to Iran. U.S. sanct...

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Tesla board confirms Elon Musk's buyout plans

Tesla board confirms Elon Musk's buyout plans

Shares rocketed up 11 percent after Musk's grand reveal Tuesday, with some expecting they would hit $420 - the price Musk had promised shareholders would receive once the company had finalized its go-...

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From natural gas to chicken breasts - China commodity tariffs

From natural gas to chicken breasts - China commodity tariffs

Duties ranging from 5 percent to 25 percent will be levied on 5,207 kinds of imports from America if the US delivers its proposed taxes on another $200 billion of Chinese goods, the Ministry of Financ...

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China places tariffs on another $16B worth of U.S. goods

But China exports far more to the United States than the other way round, making it more challenging for the country to hit back against U.S. tariffs . There is a mandatory 60-day comment period fo...

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Fetus discovered on plane from Charlotte to NY

Fetus discovered on plane from Charlotte to NY

Fetus was thought to be 5 months along . A cleaning crew found the fetus in the bathroom of the plane, which had landed in NY on Monday night from Charlotte, North Carolina, according to a high-ran...

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Conor is back: UFC says McGregor will fight Oct. 6 in Vegas

Conor is back: UFC says McGregor will fight Oct. 6 in Vegas

McGregor had made his professional boxing debut a year ago where he fought superstar Floyd Mayweather in what was considered one of the biggest crossover bout. They're bad mouthing me, saying I turned...

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Oil prices pull back as trade tensions weigh on market

Oil prices pull back as trade tensions weigh on market

Phil Flynn , a market analyst at the PRICE Futures Group in Chicago, said in a daily emailed market report that was supporting the spike in prices on Thursday. Iranian officials have warned the coun...

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China plans tariffs on US$60B of imports to counter Trump

China plans tariffs on US$60B of imports to counter Trump

One person familiar with the internal deliberations said the U.S.is trying to secure certain concessions and if China agrees, it is possible the USA would back off additional tariffs. The White House ...

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Many Items to Qualify as Tax-Free over Weekend of August 3-5

Many Items to Qualify as Tax-Free over Weekend of August 3-5

During that time, customers can avoid paying the 6% state sales tax, as well as local tax when buying qualified clothing items. As Ohio's Sales Tax Holiday gets underway, we found Jennifer McQue...

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Chipotle reopens in Ohio after reports of illnesses

Chipotle reopens in Ohio after reports of illnesses

The news is another setback to the company, which was recovering from a series of high-profile food safety lapses in 2015 that sickened more than 100 customers with E. Business Insider reported late-...

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Iran says Trump offer of talks is 'humiliation', without value

Iran says Trump offer of talks is 'humiliation', without value

If they want to meet, I'll meet anytime they want, anytime they want,' he said. In May, Trump - who has made Iran his public enemy number one - announced the U.S. "If they want to meet, I'll meet"....

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Apple becomes world's first public company worth $1 trillion

Apple becomes world's first public company worth $1 trillion

The company's stock was at $205.98, up 2.2 percent near 1555 GMT. With a market cap of $1 trillion, Apple has a value greater than the gross domestic product of most countries in the world, includin...

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