Finance

USA holds out for more from Mexico in talks over tariffs, border

USA holds out for more from Mexico in talks over tariffs, border Significant differences remain about how quickly and how much Mexico can reduce unauthorized migration through tougher enforcement measures, the USA official said . The stakes are clear: The 25-year-old North American Free Trade Agreement made trade with Mexico largely duty-free. The migrants walked over the bridge and waited to register at a Mexican immigration office. [Full Article...]

Neil Woodford's cult status hit by flagship fund's redemption freeze

Neil Woodford's cult status hit by flagship fund's redemption freeze The governor did not mention Woodford - who earlier this week blocked investors from taking cash from his flagship £3.7bn Equity Income Fund - by name, but made it clear by a reference to "niche managers" that the Bank saw the need to expand the scope of its oversight. [Full Article...]

FCA Drops Renault Merger Offer Over ‘Political Conditions’ In France

Since Carlos Ghosn's arrest in November, the French government has said repeatedly that its main goal is to preserve the Renault-Nissan alliance. Renault's board had said on Tuesday that it was studying "with interest" the FCA offer but held off on granting approval pending further deliberations. [Full Article...]

Ikea announces 'Rognan,' a shape-shifting robotic furniture set

Ikea announces 'Rognan,' a shape-shifting robotic furniture set Hassier Larrea , CEO of the US-based robotic furniture maker said: "People across the United States have been living large in a small footprint with Ori's robotic interiors since we introduced our first commercial product two years ago". "Instead of making the furniture smaller, we transform the furniture to the function that you need at that time", explains Seana Strawn , a product developer f... [Full Article...]

There's 'Always a Chance' of War With Iran

There's 'Always a Chance' of War With Iran Tensions between Iran and the United States have been running high since Washington withdrew from the 2015 nuclear deal on 8 May 2018 that was supposed to lift anti-Tehran sanctions in exchange for Iran maintaining the peaceful nature of it programme. [Full Article...]

Walmart courts high schoolers with perks like free SAT prep

Walmart courts high schoolers with perks like free SAT prep Walmart is offering to cover tuition for its 1.4 million workers. The nation's largest private employer, with a workforce of 1.5 million people in the USA, announced Tuesday it plans to expand a previously announced college-education perk to high schoolers , hoping to get them off to universities to continue their education and relieve them of staggering loan debt. [Full Article...]

Third Rate Cut Seen as Economy Cools: India Decision Guide

Third Rate Cut Seen as Economy Cools: India Decision Guide We saw a huge flurry of cuts to term deposits in the lead up to Tuesday's RBA rate announcement, as banks moved to price the expected cut in. Australian interest rates have been cut to their lowest level in history. Ms Ong added the extent to which the major banks pass on the full cut to deliver maximum policy traction will be a key determinant for RBA decisions in coming months. [Full Article...]

Fiat Chrysler withdraws bid for Renault

Fiat Chrysler withdraws bid for Renault The person didn't want to be identified because Renault's board was still meeting to discuss the proposal. An emerging compromise over French influence on a combined FCA-Renault could clear the way for Renault's board to approve a framework deal and begin the long process of a full merger. [Full Article...]

Oil falls amid economic slowdown; supply cut consensus offers support

Oil falls amid economic slowdown; supply cut consensus offers support U.S. West Texas Intermediate crude was down 50 cents at $52.98 a barrel. The EIA reported that crude oil inventories increased by 6.8 million barrels from the previous week. While the producers will meet later this month or early July in Vienna to decide on the future of output cuts, Saudi Arabia, the de-facto leader of the cartel, has all but given its go-ahead for an extension. [Full Article...]

Canada's Manufacturing Activity Continues to Contract

Canada's Manufacturing Activity Continues to Contract The manufacturing sector's performance failed to enthuse the service sector after the Purchasing Manager's Index ( PMI ) for services in May dropped to 50.2 as against 51 in April. Another sign that stabilisation could come in the months ahead was reflected in future expectations being less pessimistic than in April. Britain's services sector delivered a second consecutive month of growth in May... [Full Article...]

Mexico seeks to neutralize Trump's tariff threat

Mexico seeks to neutralize Trump's tariff threat Senate Finance Committee. Asked if Trump's administration should be concerned about the threat of a disapproval vote to block the tariffs, Senator Ron Johnson told reporters: "If I were the White House I would be, sure". More than that, Americans will pay the price - as they have with Trump's U.S. Unfortunately, they seem to have become the Trump administration's go-to strategy when it doesn... [Full Article...]

Amazon defends United Kingdom role as 'clicks and mortar' pop-ups launch

Amazon defends United Kingdom role as 'clicks and mortar' pop-ups launch On that first point, giving emerging online-only brands with a physical presence on the UK high street, we are told that 100 such brands will gain showroom space at the Amazon UK Clicks and Mortar pop-up stores. The year-long initiative will culminate with results being submitted to the government with a view that politicians can further back the Future High Streets strategy. [Full Article...]

Amazon Prime members, one-day shipping has arrived

Amazon Prime members, one-day shipping has arrived According to a press release, the company's free next-day delivery option is now available on over 10 million products with no minimum purchasing amount. "Customers are smart - they know the difference". Prime customers, who pay $ 119 a year for a membership , can already get free same-day shipping in some areas. [Full Article...]

China's Huawei to sell undersea cable business

China's Huawei to sell undersea cable business Since the ban was temporarily lifted, there is a ray of hope that a settlement could be reached between the USA and China in the trade dispute that has Huawei in the middle as a pawn. Huawei has recently been fending off allegations that the company is linked to the Chinese government and has spied on its behalf. Huawei has become the most visible target of the US government in the clash over ... [Full Article...]

The United States Finally Takes on Big Tech

The United States Finally Takes on Big Tech USA tech stocks were dragged down Monday on fears that a USA justice department antitrust investigation into Google parent Alphabet could signal additional regulatory scrutiny for the sector. Antitrust regulators in the United States have divided oversight of Amazon and Google, putting the e-commerce giant under the watch of the Federal Trade Commission and the search giant under the justice dep... [Full Article...]

Huawei Ban Could Lead to Drop in Global Phone Sales

Huawei Ban Could Lead to Drop in Global Phone Sales Huawei's telecoms equipment has been banned in the U.S ever since 2012, but the new trade ban takes things even further. FedEx apologized later, saying there were no external parties involved and the mis-transportation involved only an isolated number of Huawei shipments. [Full Article...]

Kia Seltos Is The Name Of The Production Spec SP Concept

Kia Seltos Is The Name Of The Production Spec SP Concept In terms of exterior, the Kia Seltos is inspired by the Kia SP Signature concept , which is an evolution of the Kia SP Concept. What might surprise is the inspiration for the name: Greek mythology. Inside, you'll find a 10,25-inch touchscreen infotainment system and "sound mood lighting". Not only did these sketches show off the aforementioned infotainment screen but they also reveal the c... [Full Article...]

Trump lavished with royal pomp and pageantry on state visit to UK

Trump lavished with royal pomp and pageantry on state visit to UK The infamous "baby Trump" balloon made appearance outside of the location where the president is meeting with the prime minister. U.S. President Donald Trump met with British Prime Minister Theresa May Tuesday - and mass protests in London - on the second of his three-day official state visit. [Full Article...]

USA defends welcome to students as China warns of risk

USA defends welcome to students as China warns of risk The statement urged Chinese tourists to "fully assess the risk" and "improve their awareness of safety and security". China issued a travel warning for the United States on Tuesday saying Chinese visitors have been interrogated and subjected to other forms of what it called harassment by USA law enforcement agencies. [Full Article...]

DOJ reportedly exploring antitrust probe of Google

DOJ reportedly exploring antitrust probe of Google Google controls much of the technology used to buy online ads, and its Android operating system runs most of the world's smartphones. This comes nearly six years after a previous antitrust investigation against Google by the Federal Trade Commission. [Full Article...]


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