Finance

Trump calls on Canada to increase defense spending

We hugged. We kissed. The summit comes amid escalating tensions between Trudeau and US President Donald Trump. Just minutes after the joint communique that ...


Amazon deliveries may soon be from company vans

While Amazon has long relied on the U.S. Postal Service, United Parcel Service Inc. and FedEx Corp., it has also sought to gain more control over the logist...


$117,000 a year considered 'low income' in some Bay Area counties

San Francisco , a city of 870,000 was once so diverse it was known as Baghdad by the Bay, but it has grown steadily whiter and richer, according to US census da...


Indian rupee falls to record low against US dollar

Rupee ended at 68.79, down 0.23% from previous close of 68.63. On the domestic front, a widening current account deficit (CAD) due to higher global crude oil...


Escalating trade tensions rattle Wall Street

US stocks are on track for their worst losses since early April as fresh trade worries hit stock markets around the world. Investors are concerned that a trad...


Trump Administration Opts for Softer Approach on Chinese Investment in U.S

Donald Trump (L) holds a rally with supporters in Council Bluffs, Iowa, September 28, 2016 and Chinese President Xi Jinping waits for leaders to arrive at a su...


Trump denies he's to blame for Harley-Davidson decision

Scott Walker said during a visit to Appleton Tuesday. In March, Harley-Davidson - which was saved by tariffs on imported motorcycles back in 1983 - slamme...


Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Shifting more production overseas will take the company between 9 to 18 months, Harley-Davidson said. The company already produces some parts and bikes over...


White House decides against outright limits on Chinese investment

The president had called for wide-ranging restrictions on Chinese investment in USA companies, along with tariffs, as a way to prevent China from acquiring Amer...


China, EU to form group to modernise global trade rules

Later this week, the US Treasury Department is expected to release fresh rules on Chinese investment in technology companies, Bloomberg reported on Monday, pu...


Oil rises on supply losses, USA push to isolate Iran

The 2011 uprising and power vacuum that followed, saw production fall to about 20 percent of that level, before recovering to more than one million barrels per ...


CBO: US Debt Burden Set to Break Record in Early 2030s

The Congressional Budget Office predicts the debt will grow even as government revenue flattens out in the next few years. Higher interest payments will come ...


Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

Trump continued his tweetstorm by saying "A Harley-Davidson should never be built in another country - never!" That was long before Tariffs were announced. The ...


Conagra Brands to Buy Pinnacle Foods for $8.2 Billion

Conagra has been bulking up its frozen food line, which rakes in sales of $2.7 billion, with recent acquisitions like breakfast food maker Sandwich Bros. Pinna...


Facebook eases ban on cryptocurrency related ads

Facebook announced in January that the platform would stop permitting ads on crypto related and financial products and services. "This policy is intentiona...


India happy with OPEC decision to raise oil production

The contract gained $2.50 to settle at $75.55 a barrel on Friday. Crude oil futures edged higher in mid-morning trade in Asia Tuesday as market attention sh...


PBOC cuts some banks' reserve requirements to boost lending

The move to cut the number of cash banks must hold in reserve will free up a combined 700 billion yuan ($108 billion) in funding at commercial banks and the l...


Harley’s business will be hit if they move production

Renacci echoed the president's criticism of Harley Davidson on Tuesday, blaming the company for using recent tariffs as an excuse to justify an earlier dec...


Trump's Treasury Department plans limits on Chinese investment in U.S. technology firms

The new tariffs are due to take effect on July 6. China and the European Union agreed Monday to launch a group that will work to update global trade rules...


Donald Trump criticises Harley-Davidson for decision over tariffs

The company, which sold almost 40,000 motorcycles in Europe previous year, said it planned to absorb those costs rather than pass them on to customers and...


Erdogan won the Turkish election after an unequal battle, monitors say

Under the new system, the office of prime minister will be abolished. Erdogan has transformed Turkey first as prime minister from 2003 to 2014 and then as pre...


We will not close United Kingdom factories post-Brexit

At the end of last week, Airbus appeared to anticipate their intervention would be perceived as an attempt to keep the United Kingdom tied to the EU's Customs U...


Iran bans 1,300 imports as protesters, police clash over currency weakness

Iranian President Hassan Rouhani on Tuesday assured Iranians that the country would be able to handle new US sanctions as Washington moves to reimpose economi...


Trump Calls On Allies to Quit Buying Iranian Fuel. Oil Prices Soar

The US has told its allies to cut all oil purchases from Iran to zero by November as it prepares to reinstate sanctions against the country. USA crude oil pri...


Trump warns Harley-Davidson: 'They will be taxed like never before!'

Naturally, Trump felt betrayed and took to his favourite mouthpiece - Twitter - to express his ire. He didn't mention President Donald Trump by name but say...


Tesla Semi packs a 'Mad Max' mode, because reasons

That means the Semi would require less room between it and the vehicle in front of it when making a lane change. We haven't heard much about the Tesla Semi ...


Brexit bill becomes law, allowing United Kingdom to leave European Union

Pro-EU lawmakers and members of the House of Lords tried to amend it to soften the terms of Britain's departure. The uncertainty associated with the Government'...


GE to exit health care and oil services businesses

GE plans to use the proceeds to pay down the mountain of debt piled on its balance sheet. "Today marks an important milestone in GE's history", Flannery said ...


Chinese billionaire Jack Ma warns against a potential Bitcoin bubble

The banking partner for the new service is Standard Chartered - an institution that is already participating in a blockchain-based cross-border payments pil...


EU to respond to any US auto tariff move

Trump has also escalated his rhetoric in recent weeks on trade toward other countries, including American allies, even as USA farmers and manufacturers have g...


USA restrictions on Chinese investment next front in trade dispute

Bill Adams, a senior economist at PNC Bank, said: "The US and Chinese government have strong incentives to de-escalate trade frictions, but the new strategy of ...


Turkey's Erdogan Takes on New Powers

Mr Erdogan had earlier declared victory on Sunday after unofficial election returns showed him winning re-election to an office that will be endowed with sweepi...


Harley-Davidson will not raise prices to cover tariff costs

Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact t...


Mnuchin denies stories on China-specific investment restrictions

Many investors viewed this as a broadening of the Trump administration's trade disputes, reaching beyond China to include Europe and Japan. The recent imposit...


Harley-Davidson to take big hit from European Union tariffs

Trump has threatened to widen the mounting trade dispute by imposing tariffs on European cars, saying in a tweet: "If these Tariffs and Barriers are not soon ...


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