Markets

by | August 13, 2018 | 19:14

That meeting inspired Musk's "funding secured" tweet last week that said he was "considering taking Tesla private " at $420 a share, he wrote. "I left the July 31st meeting (with the fund) with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving", Musk said .

by | August 11, 2018 | 23:14

Meanwhile, markets are deeply concerned over the direction of economic policy under Erdogan , with inflation at almost 16 percent but the central bank reluctant to raise rates in response. "With EMEA a source of geopolitical risk, we think it will be hard for the ZAR to also stabilise - in effect the Rand's source of market risk has shifted from a weaker CNY to a weaker TRY and RUB", says foreign exchange strategist Viraj Patel with ING Bank N.V.

by | August 09, 2018 | 04:41

The measure comes shortly after Washington released the latest list of Chinese goods worth $16 billion that are set to face a 25 percent tariff. China's exports surged more than expected in July despite USA duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.

by | August 09, 2018 | 04:10

The company said users logging in at least once a day dropped for the first time, hitting 188 million over the three months ending June 30, down from 191 million earlier this year. That has come at the cost of the premium feel Snap had tried to ascribe to its ads, but given overall sales a jolt by attracting more advertisers. Prices fell 9 percent in the second quarter compared with the previous quarter and 52 percent from a year ago.

by | August 08, 2018 | 23:48

Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long term. Several securities attorneys told Reuters that Musk could face investor lawsuits if it was proven he did not have secure financing at the time of his tweet.

by | August 07, 2018 | 23:13

The social giant reportedly wants data as specific as checking account balances and individual transaction information, which would be used as part of a bid to expand their own services by offering banks ways to access users (and give users access to banking) via Facebook Messenger.

by | August 07, 2018 | 22:16

If Musk were to make good on his tweet, it is unclear from where he could secure funding to buy out Tesla's shareholders. "Yes, might take Tesla private", he said. Tesla's shares were up 6.5pc at $363.46. The tweet prompted questions about how serious Musk's intentions were. Musk owns approximately 20 percent of those outstanding shares, which would lower the price tag a bit, but it would still be pretty hefty.

by | August 02, 2018 | 21:41

The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two-day rally in the share price. Apple's stock has risen more than 50,000% since it first listed in 1980. For what it's worth, Apple's trillion-dollar debut comes during one of the company's highest heights in terms of products. Amazon had the second-largest U.S.

by | July 28, 2018 | 19:53

Another suit points to lack of disclosure around the lower level of monetization associated with Instagram Stories, a feature that the company had touted as a success. There are still indications that the company is struggling to respond to online manipulation. North American sales were up 44 percent year-over-year to $32.17 billion, with operating income at $1.84 billion.

by | July 26, 2018 | 21:01

European Commission President Jean-Claude Juncker is due to meet with Trump on Wednesday after the U.S. threatened to impose tariffs on auto imports. Still, the lack of clarity about the long-term EU-U.S. trading relationship stoked continued concerns in Germany, Europe's largest economy. Corporate America is caught in the crossfire of President Donald Trump's trade war .

by | July 26, 2018 | 19:30

Perdue calls the plan a "temporary measure", saying it would help farmers bounce back from the trade war fallout. "We want free and open trade", said Eric Maupin of the American Soybean Association Executive Committee. "About one in every three rows of soybeans we raise is exported to China they account for about 60% of the USA exports of soybeans are a big deal but pork has been greatly impacted as well by reduction in exports to China and through NAFTA to Mexico most of our meat and ...

by | July 25, 2018 | 23:49

European Commission President Jean-Claude Juncker and European Trade Commissioner Cecilia Malmstrom will signal the EU's willingness to negotiate a bilateral trade agreement on manufactured goods, or a so-called plurilateral sectoral agreement between all major auto exporters which would cut or eliminate tariffs on automobiles globally.

by | July 21, 2018 | 19:38

President Trump has slapped tariffs on imported steel and aluminum, provoking retaliatory measures by Canada, Mexico and USA allies in the European Union. Both China and Europe have stressed the need for trade differences to be addressed through the WTO, but the United States has said China's unfair policies are too urgent and too big for the trade body to handle.

by | July 18, 2018 | 15:46

However, the government narrowly lost (305-to-301) a vote on the medicines regulatory regime, which means the United Kingdom will seek associate membership of the European Medicines Agency (EMA) and will in any event follow European regulation.

by | July 16, 2018 | 13:40

In an agreement struck last month, Washington agreed to lift the export ban if ZTE paid an additional United States dollars 1 billion fine - beyond the USD 892 million penalty imposed in 2017. ZTE pleaded guilty and settled with Commerce past year over the illegal shipments. The fine was paid in late June , and Ross said Friday that the $400 million had arrived at a United States bank.

by | July 15, 2018 | 19:39

China imported American goods worth USD13.6 billion. It includes fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves. Tariffs on Chinese goods are in part a response to such concerns, and limits on Chinese acquisitions of American high-tech companies address this perceived threat directly.

by | July 13, 2018 | 11:31

Sky's shares were trading 3% higher as investors were betting on a higher bid from Fox to see off Comcast's competition. The company says this is 12% higher than the last bid from US -based Comcast. He said, "Having taken over as the Secretary of State with responsibility for media public interest cases I have reviewed the process regarding the proposed merger between 21st Century Fox (21CF) and Sky Plc (Sky)".

by | July 07, 2018 | 04:33

Recent price rises have also been spurred by a USA announcement that it plans to re-introduce sanctions against Iran from November, targeting oil exports. Earlier this month, Reuters also reported that South Korea had upped crude oil imports from Kazakhstan, already looking for alternative supplies as the November 4 deadline for the sanctions draws nearer.

by | July 04, 2018 | 06:32

United States retail giant Walmart has come under fire after angry shoppers spotted a T-shirt range being sold on its third-party website calling for Donald Trump to be impeached. Walmart has not commented on the merchandise. It's not the first time Walmart has caused a stir. After complaints, custom shirt company Teespring removed the shirt from the site.

by | July 04, 2018 | 06:28

The Saudi leader said he was ready to raise output if needed, the White House said in a statement. In Asia, the world's top oil consuming region, seaborne oil imports have been falling since May, as higher costs turned off consumers and as the escalating trade dispute between the United States and China starts to impact the economy.

by | July 01, 2018 | 10:29

The toy store opened its doors 70 years ago. After declaring bankruptcy in September, the chain in March sought a bankruptcy court's approval to start closing its 735 USA stores, with severance payments coming to a halt during the liquidation.

by | June 30, 2018 | 21:45

A US decision to pull out from an worldwide nuclear deal with Iran and reimpose sanctions helped prices climb to their highest since 2014. They started output cuts in 2017 to prop up prices that had been dragged down by a supply glut. Production fell in Nigeria, Libya and Venezuela, but increased in Saudi Arabia , Algeria and Iraq. Early in the year, with gas prices at service stations still relatively low, Trump suggested raising the country's gasoline tax that customers pay at service ...

by | June 25, 2018 | 10:09

The Legislature should pass legislation next year to finally require retailers to collect sales tax regardless of whether they have a physical presence in Florida. Retail trade groups praised the ruling , saying it levels the playing field for local and online businesses. In today's decision, authored by Justice Anthony Kennedy, the Court sided with South Dakota, which had passed a law in 2016 that required large out-of-state online retailers to collect sales taxes on merchandise sold in ...

by | June 25, 2018 | 09:27

Finance Ministers Euclid Tsakalotos told reporters the deal made Greek debt viable again and paved the way for a return to market financing. The agreement will end the eight-year debt-relief program for Greece, in which the country received 300 billion euros in three financial assistance programs as agreed in 2010, 2011 and 2015 in exchange for structural reforms and fiscal adjustments.

by | June 25, 2018 | 09:27

Erdogan, who has led Turkey for the past 15 years, bagged 52.5% of the vote , while the runner-up in the contest, Muharrem Ince, received 30.8% and the only female candidate, Meral Aksener, 7.4%, worldwide media reported. With 96 percent of votes counted in the presidential race, Erdogan had 53 percent, comfortably ahead of Ince on 31 percent, broadcasters said. Bulent Tezcan, a spokesman for Ince's CHP, said party observers had been kept away from polling stations in the southeastern ...