Economy

by | August 21, 2018 | 11:59

Active across several continents, Sodastream makes a machine and refillable cylinders which allows domestic users to make their own carbonated drinks, which is increasingly seen as a healthier alternative to the sugary drinks popular for decades.

by | August 20, 2018 | 21:13

The SEC was created in 1934 in the midst of the Great Depression and requires publicly-traded companies to issue quarterly and annual earnings reports to keep the public informed on their operations and financial condition. "In the end, all companies have to balance short-term and long-term performance". The SEC has been reluctant to make any changes in quarterly financial reporting, which has always been a cornerstone of USA capital markets.

by | August 20, 2018 | 20:14

Investors must have gotten unnerved. The stock closed down 9% on Friday, and it's down 21% since the day Musk tweeted he had secured funding for a private takeover of Tesla . To reach those goals, Musk told the NYT he'd recently been working up to 120 hours a week, and the report noted he "alternated between tears and laughter", in the interview.

by | August 17, 2018 | 17:58

On Wednesday, Turkey rejected pastor Andrew Craig Brunson's appeal to be released from custody, and slapped additional tariffs on US imports. Turkey's lira fell once again after the trade minister, Ruhsar Pekcan, said Friday that her government would respond to any new trade duties, which U.S.

by | August 17, 2018 | 16:57

China has lodged a complaint to the World Trade Organisation to help determine the legality of the US policies, saying they not only harm China's rights but also undermine the WTO's authority, the ministry said on its website late on Tuesday.

by | August 15, 2018 | 20:56

The currency TRYTOM=D3 has lost almost 40 percent against the dollar this year, driven by worries over President Tayyip Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.

by | August 15, 2018 | 20:56

Iran is the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC). On the bearish side, the escalating trade war could "lead to slower economic growth, and in turn lower oil demand". Georgi Slavov, of commodities trader Marex Spectron, said demand from oil refineries is expected to fall as profit margins tighten and the global economy appears to be producing the same output with less energy input.

by | August 15, 2018 | 19:57

Beppe Grillo, the outspoken comedian and co-founder of the Five Star Movement, one of two parties in Italy's current coalition government, reportedly dismissed warnings about the collapse of the Morandi Bridge as "a little fairy tale". While the apartments under the viaduct were largely spared the impact of the falling concrete, some 440 people evacuated from apartments under the shard of unscathed bridge face uncertainty about when, if ever, they will be allowed to live in their homes ...

by | August 15, 2018 | 13:23

The pastor was released for house arrest on July 25. He said that was likely to happen by the end of business on Wednesday. Asked how U.S. President Donald Trump's administration would react to any such Turkish boycott, White House Press Secretary Sarah Huckabee Sanders replied during Tuesday afternoon's briefing, "I certainly don't have a policy announcement on that at this point".

by | August 14, 2018 | 18:39

Tesla did not respond to a request for comment on the proposed class-action complaint filed in the federal court in San Francisco . The class includes investors who bought Tesla shares as they were rising in the wake of Musk's tweet.

by | August 14, 2018 | 18:39

The top US diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". U.S. electronics like the iPhone may be banned in Turkey after the country's president declared a boycott Tuesday. Mr Erdogan suggested Turkey would stop procuring US-made iPhones and buy Korean Samsung or Turkish-made Vestel devices instead.

by | August 13, 2018 | 18:24

The sovereign wealth fund of Saudi Arabia is exploring a way to be a part of taking Tesla private , a Bloomberg report states. "The question is still around Tesla's future sales". While the entrepreneur owns 20 percent of Tesla , more than $60 billion would be needed to buy the business from public shareholders. In one of the two lawsuits, which was filed in federal court in San Francisco by Kalman Issacs, the plaintiff contends Tesla and Musk "embarked on a scheme and ...

by | August 11, 2018 | 20:34

Trump tweeted on Friday that he would be doubling existing tariffs on steel and aluminum imports from Turkey. "Our relations with Turkey are not good at this time! " he wrote. He added that the country will continue to enjoy good economic relations with several major nations. North Atlantic Treaty Organisation uses the Incirlik Air Base in Turkey to fight against IS and there has been some domestic pressure on Mr Erdogan to close it.

by | August 10, 2018 | 14:44

Its 50% to 61.8% retracement zone is $67.99 to $66.81. Not just China but Russian Federation too is determined to continue oil and gas trade with Iran. Gasoline stocks rose by 2.9 million barrels, compared with analysts' expectations in a Reuters poll for a 1.7 million barrel drop. The global benchmark crude traded at a $5.82 premium to WTI for the same month.

by | August 08, 2018 | 21:01

In July, the U.S. published a list of $200bn-worth of additional products to be hit with tariffs of 10% - a figure the United States is now considering raising to 25%. Trump also oddly boasted in OH that the tariffs would help the US pay off its $21 trillion debt (Trump is responsible for $1.9 trillion of debt). China plans to impose a 25% tariff on imports of US-manufactured solar cells - but the world's biggest manufacture of solar cells now imports few of the cells used to make panels ...

by | August 05, 2018 | 22:39

The U.S. labor market was a mixed picture in July, but overall remains in good shape. This trend is unlikely to persist, said Ellen Zentner, Morgan Stanley's chief U.S. The economy added 157,000 jobs in July, which was almost 30,000 less than expected. President Trump and Republicans have been trumpeting the stronger wage growth as a sign that their policies, particularly the large tax cuts that took effect on January 1, are working.

by | August 05, 2018 | 22:17

On the back of renewed tensions between Iran and the U.S., the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the Gulf. Iranian Minister of Roads and Urban Development Abbas Akhoundi said the government has imported plane parts along with five ATR turboprop airplanes landing in the country.

by | August 04, 2018 | 22:56

What these numbers do not show is that if USA goods are sent to China for assembly and then returned to the U.S., these so-called "intermediate goods" are considered Chinese imports, even if the parts are made in the US. This is down nearly 16 percent from the June peak, a period that coincides with the ramping up of tariffs by the United States, coupled with increasingly bellicose rhetoric.

by | August 03, 2018 | 18:41

State officials estimate the sales tax holiday will reduce state revenue by up to $16.9 million in 2020. The list of tax-exempt items includes: ice packs, most batteries, portable radios, duct tape, notebook paper, diapers and light bulbs.

by | August 02, 2018 | 20:10

The tech giant's stock jumped 2.8% to as high as $207.05 in afternoon trading in NY. Apple is not the first publicly traded company in the world to surpass the trillion dollar mark though. tech stocks to be overvalued, but few think we're in a bubble. The computer and mobile phone giant, co-founded to sell personal computers by the late Steve Jobs in 1976, reached the watermark after its shares hit $207.05, the day after it posted strong financial results.

by | August 02, 2018 | 18:26

With new heights in weekly production being targeted, Tesla expects to produce between 50,000 and 55,000 Model 3 vehicles in the third quarter. Tesla also emerged with United States dollars 2.2 billion in cash and equivalents; this should help Musk in raising funds in the coming quarter.

by | July 31, 2018 | 17:51

It will be a radical departure for a company as big as Harley-Davidson's magnitude and it does not just mean covering all riding communities. This will help the company price the bike competitively. Lastly, the company announced that it will be launching its first-ever electric motorcycle, the LiveWire , in 2019. Sales have fallen in the past year, and Harley-Davidson stock has declined 15 percent so far this year.

by | July 30, 2018 | 21:30

The lawsuit seeks class-action status and unspecified damages. During a routine call with analysts, Facebook's chief financial officer, David Wehner, startled brokerages by claiming the company faced a multi-year financial squeeze in the near future.

by | July 28, 2018 | 19:48

In one day, the social media giant lost $120 billion in market share and now a growing chorus is calling for the company's founder and CEO, Mark Zuckerberg, to step down. In recent trading, they were down $43.99, or 20.2%, to $173.51 a share. Wall Street investors have recently seemed to think that tech stocks were a slam-dunk, Facebook's a reminder that in the stock market, there are no guarantees.

by | July 27, 2018 | 22:33

There is now a 90 percent chance of heatwave conditions between Monday and Friday this week. The all-time British record is 38.5C set in August 2003 near Faversham, while the highest July temperature was 36.7C in 2015 at London's Heathrow airport.

by | July 26, 2018 | 17:41

Mr Juncker said striking a deal on zero tariffs on industrial goods was his "main intention". French Finance Minister Bruno Le Maire said over the weekend: "We refuse to negotiate with a gun to the head". However, Jean-Claude Juncker appeared to refuse to hold the US President's hand after speaking with the media. But more voices even in Mr Trump's own Republican Party are coming out against his confrontational stance.

by | July 26, 2018 | 13:25

Facebook shares crashed by 20% in the after-hours trade eroding over $120 billion in its market cap on Wednesday after less than expected Q2 earnings. Analysts had estimated a profit of $1.72 per share, on revenue of $13.36 billion. Worldwide daily user growth for Facebook's namesake service slid for its sixth straight quarter, bringing it to almost 1.5 billion users in the second quarter.

by | July 25, 2018 | 19:43

Today, Elkann said, "Unfortunately, what we feared has come to pass". Marchionne has done what many thought impossible, most notably his huge gamble just over a decade ago when he set in motion the marriage between the then-ailing Fiat with bankrupt U.S.

by | July 24, 2018 | 21:39

Net income came in at $US3.2 billion, down from $US3.5 billion in the same quarter of 2017, largely due to the European fine. European authorities ordered Google to stop effectively requiring phone-makers in Europe to install Google's search engine and Chrome internet browser on their devices in order to use the Android software.

by | July 24, 2018 | 21:21

The US slapped tariffs on $34 billion of Chinese imports. Trump said separately during a speech in Kansas City that "farmers will be the biggest beneficiary" of his trade agenda as he seeks better trade agreements. Details about the bailout plan are scanty at this point, though the Post indicates it will include "direct assistance, a food purchase and distribution program, and a trade promotion program".

by | July 23, 2018 | 16:43

North Korean leader Kim Jong-un prepares to take a photo with officials, when he recalled the heads of the North's embassies and other missions back to Pyongyang in 2015. North Korea will return to the United States in the coming weeks the remains of some of the American service members killed in the 1950-53 Korean War, Secretary of State Mike Pompeo said on Wednesday.

by | July 21, 2018 | 15:39

In early Asia trade Tuesday, WTI was back up three cents to $68.09 and Brent crude was up 45 cents to $72.29. South Korean petrochemical companies are readying to reduce crude oil imports from Iran to counter possible risks from the United States' decision to re-impose economic sanctions on the Middle Eastern country.

by | July 15, 2018 | 13:16

According to the Observer , Spanish employees launched a general strike on 10 July in the lead-up to Prime Day , and have encouraged workers in other parts of Europe-including Italy, France, Germany, Poland and England-to take part. Just sign in to your Amazon account and visit the Prime membership landing page . Not just that, as a Prime member , you can also enjoy an ad-free, uninterrupted music experience and download songs offline to access them later without any data or Wi-Fi ...

by | July 15, 2018 | 13:05

The Commerce Ministry on Wednesday gave no details, but Beijing responded to last week's U.S. tariff hike on $US34 billion ($A46 billion) of imports from China by increasing its own duties on the same amount of American goods. ASIA'S DAY: Japan's benchmark Nikkei 225 fell 1.2 percent to 21,932.21 and South Korea's Kospi lost 0.6 percent to finish at 2,280.62. Senate Finance Committee Chairman Orrin Hatch, a senior member of Trump's Republican Party, said the announcement "appears ...

by | July 14, 2018 | 11:36

The Sun , Britain's most popular paper, said Trump's comments were a new blow for Prime Minister Theresa May , who has faced two high-profile resignations from her cabinet and a rebellion by Brexit hardliners this week. The enduring image of May's visit to the White House in January 2017, when she became the first foreign leader to meet the president after he took office, was Trump taking May's hand to help her down the steps of the White House colonnade.

by | July 09, 2018 | 06:46

Moreover, Obama was able to do this without increasing oil prices because a surge in US shale oil drilling more than offset lost Iranian exports. Trump's tweet on Wednesday came just a couple of days before OPEC meets in Vienna, and less than a week after the oil producer's cartel agreed to increase output by as much as 600,000 to 800,000 barrels a day to the market.

by | July 06, 2018 | 03:29

I've been over this on countless occasions since the President first implored OPEC to engineer lower prices back in April. The average cost of gasoline has risen nearly 60 percent from a cyclical low of $1.87 a gallon in February 2016 to $2.97 last month.

by | July 06, 2018 | 02:11

Beijing will impose duties on almost 30 billion dollars of American products. The United States is "opening fire" on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant U.S.

by | July 04, 2018 | 07:29

Though we must wait and see what type of president AMLO will be in action, the president-elect seems best understood as a pragmatic nationalist who has expressed clearly that he will govern for all Mexicans, rich and poor, seeking a national "reconciliation." "It's worth cautioning that we still have little clarity on Amlo's economic policies ", said Edward Glossop, an economist at Capital Economics.

by | July 01, 2018 | 10:30

For more than 60 years, American children grew up as "Toys "R" Us kids", but the company filed for bankruptcy last year. The company had $5 billion in debt after a leveraged buyout that left it unable to invest. Retailers like Walmart and Target are expanding their toy aisles to fill the hole, while Party City is opening 50 pop-up toy shops this fall. In the photograph posted online by Facebook user Rene Johnpiere, who appears to have been an employee at the toy store, Geoffrey is seen ...