Markets

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 ...

by | June 23, 2018 | 17:49

South Korean cryptocurrency exchange Bithumb said about $30 million in virtual currencies that it held has been stolen by hackers. Earlier this month , a relatively small South Korean exchange, Coinrail , tweeted that it had been hacked, and noted that lesser-known cryptocurrencies such as Pundi X were among those affected.

by | June 23, 2018 | 13:23

Here's what you need to know. The Dow Jones industrial average fell almost 300 points on Tuesday as President Donald Trump threatened China with additional tariffs. companies. including scaled up health, safety and tax checks, delaying the imports of goods, and boycotts", warned Louis Kuijs, the head of Asia economics at Oxford Economics.

by | June 17, 2018 | 23:17

TRUMP: "I mean there was total bias". “Comey was the ring leader of this whole, you know, den of thieves. "It was a den of thieves", he said. But on Friday, after tweeting that he did a “great service” to the nation by firing Comey, Trump marched out to the White House North Lawn to talk with “Fox & Friends” for more than half an hour, claiming the report “totally” exonerated him, then pointing to accomplishments he said hes achieved and complaining about not getting proper credit.

by | June 15, 2018 | 15:53

Calculated another way, those housing costs mean a worker making Washington's current minimum wage would need to work 75 hours a week to afford a one-bedroom apartment. "The good news about the housing crisis is that we have the data, the solutions and the resources needed to solve it", says Diane Yentel, president and CEO of the National Low Income Housing Coalition .

by | June 15, 2018 | 15:51

The president will also unveil a slightly altered list of goods that will be impacted by tariffs, with Reuters reporting that it will be smaller than the initial list , first proposed back at the start of April. But Steve Bannon, Trump's former White House and campaign adviser, said the crackdown on China's trade practices was 'the central part of Trump's economic nationalist message'.