Monday, 21 January 2019
Latest news
Home » Finance

Finance

China withdraws approval for Facebook’s planned venture

perth_map

Representatives for Facebook , the CAC and the Zhejiang provincial government have not released a comment. According to the Times source, the Zhejiang government approved the facility without enough interaction with the federal government's Cyberspace Administration of China. Read More »

U.S. and Mexico hope to reach new NAFTA accord next month

perth_map

NAFTA negotiations were paused in late spring because of the July 1 Mexican presidential election that Lopez Obrador won with a majority of the popular vote. Mexican President-elect Andres Manuel Lopez Obrador appears to be sharing at least a brief honeymoon period with U.S. President Donald Trump . "I don't believe that they've compromised in the same way the United States has or Mexico has". Read More »

Krispy Kreme Acquires Majority Stake in Insomnia Cookies

perth_map

You will need to visit any part of the Krispy Kreme on Friday, July 27 . Happy 81st birthday, Krispy Kreme! In addition, for the same amount it will be possible to try the donuts with frosting from 27 July to 2 August. The treat features a vanilla birthday cake-flavored doughnut, with Krispy Kreme's classic glaze and topped with sprinkles. According to Tattersfield, Insomnia Cookies will continue to operate as an independent, standalone company under the leadership of Seth ... Read More »

USA trade deal was on brink of collapse, Juncker says

perth_map

The trade tension between the two economies began when Trump imposed tariffs on European steel and aluminum imports and threatened to add tariffs on European-imported cars. The willingness of Trump to agree to a trade truce with the European Union is a positive sign that a similar arrangement could be reached during a discussion with (Chinese President) Xi Jinping. Read More »

Disneyland to pay its California workers $15 an hour

perth_map

The current minimum wage of $11 an hour will rise to $13.25. Starting in January, 9,700 more workers at Disneyland will make at least $15/hr, AND many will get a 20% raise IMMEDIATELY. "The Disneyland Resort and Master Services Council are proud to have reached a tentative agreement, which we are hopeful will be ratified later this week, " according to a joint statement issued Monday. Read More »

Oil prices spike after Saudi halts shipments following attack

perth_map

This route connects with west of Saudi Arabia, transmitting oil to Yanbu, a port city on the Red Sea coast of western Saudi Arabia, thus diverting the shipping from Bab al-Mandeb and ensuring that Saudi crude reaches European markets. Two oil tankers from Saudi Arabia were hit by Yemeni rebels on the Bab El-Mandeb Strait. The Bab al-Mandeb strait is only 18 miles wide making hundreds of ships potentially an easy target. Read More »

Facebook dives as markets open, dragging down Nasdaq

perth_map

While the Dow climbed 112.97 points or 0.4 percent to 25,527.07, the Nasdaq slumped 80.05 points or 1 percent to 7,852.18 and the S&P 500 dropped 8.63 points or 0.3 percent to 2,837.44. Industrials, which have been a bellwether of trade tensions, were lifted after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work to resolve US tariffs on steel and aluminium and Europe's retaliatory duties. Read More »

Soaring Consumer Spending Drives GDP to 4.1% in Q2

perth_map

President Trump was joined by Vice President Mike Pence, in addition to a number of White House economic officials and Cabinet members during his remarks. "A lot of tariff-related activity is robbing from future growth". Growth was in line with economists' forecasts and significantly higher than the revised 2.2 per cent reported in the first three months of the year. Read More »

Concerns linger in Europe after US-EU trade truce

perth_map

One key aspect of the agreement, according to the official who spoke on condition of anonymity, was that the two sides had agreed to work together to tackle China's market abuses. "They are going to be a massive buyer of LNG", Trump said . He later told reporters that was a "major concession" on Trump's part and that he expected the United States president to follow through on it. Read More »

Zuckerberg loses US$16.8B in a snap as Facebook plunges

perth_map

A total of $128 billion was wiped off Facebook's value in just two hours following the second quarter briefing, the first since the Cambridge Analytica scandal and new European Union data rules came into effect. Even with the stock selloff, Facebook remains massively profitable and has a growth profile traditional media companies would kill for. Facebook Inc.'s scandals are finally hitting the company where it hurts the most, its growth. Read More »

BRICS nations pledge trade unity

perth_map

They also seek reforms at the United Nations , the UN Security Council and the International Monetary Fund to better represent developing nations, and have asked that members of the World Trade Organization - including the U.S. President Donald Trump and European Commission President Jean-Claude Juncker speak in the Rose Garden of the White House, July 25, 2018, in Washington. Read More »

Pres. Trump: American Steel Is Back

perth_map

Making his first visit to IL since winning the White House, President Donald Trump on Thursday trumpeted the renewed success of a Downstate steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. Read More »

US GDP accelerates to 4.1% growth after Trump's tax cuts

President Donald Trump on Friday seized on a strong GDP growth rate for the second quarter of the year to tout the economic gains made during his presidency and argued the U.S. The last time the economy grew at a higher rate was the third quarter of 2014, when it reached 5.2 percent. The dollar was little changed versus a basket of currencies. Read More »

Get free lipstick from MAC Cosmetics on National Lipstick Day

From July 27 through July 29, Sephora is also handing out its regular-size Rose or Pearl face mask from its in-house line Sephora Collection for free. MAC Cosmetics is giving away tubes of lipstick (retail price $18.50) at all of its US -based MAC stores, counters and retailers. The limit is one tube per customer while supplies last. Read More »

Twitter to focus on fixing platform over user growth

perth_map

Twitter said in its earnings report that it had 335 million average monthly active users, down from 336 million the previous quarter. Twitter's user woes are similar to those of Facebook Inc., which also has been plagued by manipulation, robot accounts and unrest about the growing influence of social media in the culture. Read More »

White House bans CNN's Kaitlan Collins over 'wrong questions'

The invite also comes after Trump lambasted Iran in an astonishing tweet threatening them with war . He said Tehran would "suffer consequences which few throughout history have ever suffered before" if it continued to threaten the US. He said he understood the U.S. leader's position, adding they planned to meet on the sidelines of a G-20 meeting in Buenos Aires starting late November. Read More »

Papa John's founder John Schnatter sues his pizza chain

perth_map

He is seeking all documentation filed by the company in the aftermath of his N-Word blunder, "because of the unexplained and heavy-handed way in which the company has treated him since the publication of a story that falsely accused him of using a racial slur ". Read More »

'I Dissent' - SEC Commissioner Slams Winklevoss' Bitcoin ETF Rejection

perth_map

A surveillance-sharing agreement may have helped the Winklevosses' odds, but since BZX "has not established that it has entered into, or now could enter into, a surveillance-sharing agreement with a regulated market of significant size related to bitcoin ", the exchange cannot support its claims that it has sufficient measures in place to police manipulation. Read More »

European Union and U.S. launch talks in bid to quell trade tensions

perth_map

USA stocks rose late Wednesday on the news, reflecting hope the agreement to talk will ultimately halt an escalating trade war sparked by the White House. Washington has since threatened tariffs on another $200 billion of Chinese exports, then upped that to $500 billion, prompting Beijing to vow further retaliation. Read More »

Video captures Florida officer helping homeless man shave

perth_map

The mother of the woman who filmed Carlson helping Phil shave added: 'I am so proud to live in a community where our deputies and officers are such wonderful people'. Carlson handed the razor back over, which is when another problem presented itself. In a follow-up video shared by the City PD on Facebook, Carlson explained: "He's trying to start shaving and he didn't have a mirror, couldn't see what he was doing, not going well". Read More »

Trump & EU Agree On Deal To Lower Trade Barriers

perth_map

They are being vicious in what will be their failed attempt. We were being nice - until now!" Malmstrom also touted the meeting as a breakthrough on Twitter. The United States exported $138 billion in agriculture products in 2017, including $21.5 billion of soybeans, the most valuable export. Senator Rob Portman, an Ohio Republican, said he applauded the move to de-escalate tensions over tariffs. Read More »

Uber London: Cab drivers plot to sue tech firm for £1 billion

perth_map

This would take the overall possible bill that Uber could be hit with to £1.25billion. Articles appear on euronews.com for a limited time. Sadiq Khan, the mayor of London, had argued that Uber was not "a fit and proper" holder of such a licence, partly because of its approach to reporting serious criminal offences. Read More »

Iran pips Saudi to become India’s 2nd largest oil supplier

perth_map

Specifically on oil, China's strong demand for oil has seen it absorb much of the incremental growth in U.S. exports of LPG and crude. still accounted for less than a fifth of the total value of United States crude exported past year. The Independent in a report quoted unnamed sources as saying that there was still little appetite for extra Saudi barrels in the market and that this had already pressuring the prices. Read More »

Ryanair refusing to pay compensation to 100k passengers affected by strikes

perth_map

Ryanair management said all 50,000 passengers affected over the course of the strike had been given alternative flights or received refunds. A RyanAir spokesman said: "Ryanair fully complies with all EU261 legislation, however as these flight cancellations were caused by extraordinary circumstances, no compensation is due". Read More »

Bank of Japan moves to lower yields

perth_map

Closer home, Swiss bank UBS reported a 9 percent rise in second-quarter profit and said rising interest rates in the US will further support its global wealth management unit. On Monday, the 30-year yield had jumped about 8 basis points after Reuters and other media reported that the BOJ was holding preliminary discussions on possible changes to its monetary policy. Read More »

Donald Trump Says US And EU Will Work Towards 'Zero Tariffs' Trade

perth_map

The tone was friendlier than it has been. "I think we have to talk each to another and not at another and that's what we do today", he said , before saying he hopes they could focus on reducing, not increasing, tariffs. And foreign auto companies that make vehicles in the USA, including Mercedes, BMW, and Volkswagen, would likely hemorrhage jobs if Trump's tariffs became a reality. Read More »

Saudis halt oil shipments through waterway after Yemen rebel attack

perth_map

Two oil tankers operated by the Saudi shipping group Bahri, each with a two million barrels capacity, were attacked by Huthi rebels in the Red Sea, state giant Aramco said in a statement . According to the US Energy Information Administration (EIA), roughly 4.8 million barrels flows through the Red Sea en route to the US, Europe, and the rest of Asia. Read More »

Qualcomm Believes Future Apple iPhones Will No Longer Feature Its LTE Chips

perth_map

Fast Company has reported on several occasions that Intel would provide all of the modems in future iPhones, and that Apple was working exclusively with Intel on a future 5G modem for the iPhone. Other gossip from the Apple rumour mill suggests the tech giant will release a new version of the iPhone SE. Qualcomm then counter-sued, saying Apple owed it more money in royalties, and furthermore that the iPhone maker infringed on some its patents and shared proprietary information ... Read More »

Facebook opening $30M subsidiary in China

perth_map

A notice published on China's National Enterprise Credit Information Publicity System listed the company as Facebook Technology (Hangzhou) Co., Ltd., and noted that it is wholly owned by Facebook Hong Kong Limited. Worth more than US$1 trillion, the "Big Three" have monthly audience figures hovering over the 2.5 billion mark while adhering to the Great Firewall policy of the Chinese government. Read More »

Top General Warns US of Iran’s Harsh Response

perth_map

It is not worth responding to "cheap remarks " from U.S. President Donald Trump , Iran's president said on Wednesday, after days of sabre-rattling between Washington and Tehran. Iran has many straits of oil transit and the Strait of Hormuz (in the Persian Gulf) is one of them, Rouhani warned . In May, Trump chose to withdraw from a landmark 2015 agreement between Tehran and global powers that restricted Iran's nuclear program in exchange for sanctions relief. Read More »