Finance

Saudi Arabia resumes stockpiling its oil | Business , Regional

Saudi Arabia resumes stockpiling its oil | Business , Regional His decision to withdraw from the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), has led to months of rising tensions between Washington and Tehran. United States officials have softened their stance after initially saying they would press allies in Europe, Asia and the Middle East to adhere to the sanctions and reduce their imports to zero. [Full Article...]

Trump passes on opportunity to criticize LeBron James at OH rally

Trump passes on opportunity to criticize LeBron James at OH rally Trump rarely allows a slight to pass unanswered, but James appeared off limits by the time the president crossed the OH border to campaign for state Sen. The president ended his tweet by saying "I like Mike!" - seeming to side with Michael Jordan in the debate over whether he or James is the greatest National Basketball Association player of all time. [Full Article...]

People in 15 States Infected in McDonald's Salad Outbreak

People in 15 States Infected in McDonald's Salad Outbreak Federal officials said this week that now almost 400 people in 15 states have been sickened by a parasite infection that's been linked to McDonald's salads. Symptoms can begin a week or more after consuming the parasite. Symptoms of Cyclospora infection can include diarrhea, explosive bowel movements, loss of appetite, weight loss, stomach cramps, bloating, increase gas, nausea and fatigue. [Full Article...]

Canada slashes trade deficit in June

Canada slashes trade deficit in June Exports of aluminum subject to the tariffs fell 7 per cent, after jumping 29 per cent in the prior three months. Overall exports dropped 0.7 percent to $213.8 billion, despite record overseas shipments of petroleum and all industrial supplies and materials. [Full Article...]

Russia's Novak: Higher oil production in July aimed at market stability

Russia's Novak: Higher oil production in July aimed at market stability A general view shows the Bangchak oil refinery in Bangkok, Thailand, October 3, 2017. Brent crude , the global benchmark, was up 0.2% at $73.61 a barrel on London's Intercontinental Exchange. Crude prices remained supported by the prospect of an Iranian supply squeeze following the imposition of USA oil sanctions, with yesterday's rally stymied by short-term bearish supply factors that contin... [Full Article...]

Ryanair announce ANOTHER one day strike in August

Ryanair announce ANOTHER one day strike in August Ryanair cancelled 24 of around 2,300 daily flights after a second one-day strike by Irish pilots. Irish-based Ryanair pilots are to stage their fifth one-day strike next week. "It then changed its position and said it would not negotiate while strike action was planned". The union said that two weeks have passed since their last meeting with management and warned that a resolution to the d... [Full Article...]

US employers add 157,000 jobs, jobless rate hits 3.9 pct

US employers add 157,000 jobs, jobless rate hits 3.9 pct The nation's unemployment rate fell to 3.9 percent and the economy added 157,000 jobs in July, the Labor Department said Friday. Another positive sign was the U-6, or underemployment rate, which fell to 7.5 percent, the lowest since 2001, from 7.8 percent. [Full Article...]

Iran's Zarif Says China 'Pivotal' to Salvaging Nuclear Deal, China Agrees

Iran's Zarif Says China 'Pivotal' to Salvaging Nuclear Deal, China Agrees Trump's policies are already putting significant pressure on the Iranian economy, although USA intelligence suggests they may ultimately rally Iranians against the United States and strengthen Iran's hardline rulers, officials say. Iranian protesters have attacked a religious school in Karaj province near Tehran , a conservative Iranian news agency has said, as sporadic protests simmered ahead ... [Full Article...]

RBI Hikes Repo Rate to 6.5%

RBI Hikes Repo Rate to 6.5% This will affect EMIs of housing and automobile loans for consumers. If this happens, then borrowing from banks can prove to be expensive for you. It held rates steady on Wednesday, but current plans involve at least two more hikes this year. [Full Article...]

Tim Cook On $1 Trillion Valuation: Keep Your Eye On The Ball

Tim Cook On $1 Trillion Valuation: Keep Your Eye On The Ball Incidentally, the trigger price for Apple to reach a trillion-dollar valuation has been slowly creeping upwards as the company continues to aggressively buy back shares as part of its capital return program. Apple became the first company with a US$1 trillion market cap on Thursday, and CEO Tim Cook marked the occasion with a memo to employees for helping reach the milestone. [Full Article...]

Liberals plan to soften carbon tax plan following competitiveness concerns

Liberals plan to soften carbon tax plan following competitiveness concerns Back in January, Environment Minister Catherine McKenna set the benchmark at 70 per cent of an industry's average emissions performance, meaning companies would have to pay a tax on 30 per cent of their emissions. "The federal government would do well to go back to the Vancouver declaration where all first ministers signed on behalf of their provinces and territories to work collaboratively with d... [Full Article...]

Pregnant woman served cleaning solution with McDonald's latte

Pregnant woman served cleaning solution with McDonald's latte The customer, who is 32 weeks pregnant, reportedly pulled over after drinking and then spitting out the liquid, CBC said. She drove back to McDonald's and told one of the employees she wanted to speak to the supervisor, she told Lethbridge News Now . [Full Article...]

Turkey lira slumps to record lows over USA sanctions

Turkey lira slumps to record lows over USA sanctions The sanctions, announced Wednesday, allow the US government to target individuals and companies involved in corruption or human-rights abuses, which in this case include Turkey's justice and interior ministers. "However, Turkey always wishes to resolve these issues via diplomacy, dialogue and mutual understanding", Cavusoglu told reporters after meeting his USA counterpart Mike Pompeo in Singapo... [Full Article...]

Trump could raise tariffs further on Chinese goods

Trump could raise tariffs further on Chinese goods Erin Ennis, senior vice president of the U.S. China Business Council, said a 10 percent tariff on these products is already problematic, but more than doubling that to 25 percent would be much worse. Wednesday's tariff announcement is all the more significant because it follows an agreement between President Trump and European Commission chief Jean-Claude Juncker to negotiate a resolution of... [Full Article...]

Soybean Market Starting To Stabilize

Soybean Market Starting To Stabilize Over the past six months, President Trump has imposed significant new tariffs on USA imports. And it's definitely clear that this one-time payment won't make up for the fact that US farmers are suffering through the fifth consecutive year of low prices. [Full Article...]

Molson Coors Wants to Sell Pot-Infused Drinks in Canada

Molson Coors Wants to Sell Pot-Infused Drinks in Canada Following the completion of the transaction, the chief executive officer now directly owns 147,275 shares in the company, valued at $9,022,066.50. HEXO is one of Canada's lowest-cost producers of medical cannabis products, and the company is rapidly expanding into the recreational market by expanding their current 300,000 sq. [Full Article...]

Apple becomes world's first trillion dollar company

Apple becomes world's first trillion dollar company Mr Jobs died in 2011 and was succeeded as chief executive by Tim Cook. In the letter, Cook also credited Apple cofounder Steve Jobs for reversing the company's misfortunes. State oil company PetroChina briefly broke the $1 trillion barrier in 2007 during its initial public offering, but has since dropped back down. "The fact that you just become a loyalist". [Full Article...]

China threatens tariffs on $60 billion in United States goods

China threatens tariffs on $60 billion in United States goods The retaliation stands to further inflame tensions between the world's two biggest economies and echoes China's response to the previous round of tariffs which took effect last month. tariffs would range between five per cent and 25 per cent and would hit 5,027 products - a variety of agricultural goods such as beef, as well as small planes, chemical components, textiles, liquefied natural gas and... [Full Article...]

Trump threatens to increase tariffs on China; China calls it ‘blackmail’

Trump threatens to increase tariffs on China; China calls it ‘blackmail’ China appealed to Washington on Thursday to stay calm and "correct its attitude" following a USA threat to raise tariffs on US$200 billion of Chinese goods in a dispute over technology policy. economy based on recent data. China says the United States is trying to stop the rise of a competitor and it has imposed its own tariffs on USA goods. [Full Article...]

That’s trillion with a T-Apple hits market value of $1 trillion

That’s trillion with a T-Apple hits market value of $1 trillion The quarter also marks a new revenue record for Apple services at US$9.5 billion which is a 31% increase year on year. Apple has become the world's first $1 trillion ($1,000,000,000,000) company. January 2016: Apple announces that more than a billion of its devices are in use around the world. Steve Jobs and a few other people created Apple 42 years ago in Cupertino, California. [Full Article...]


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