Markets

Harley shifting production overseas to address European Union tariffs

Harley estimates the European tariff increase from 6 percent to 31 percent on motorcycles would add $2,200 to the cost of an average motorcycle exported fro...


Trump backs off imposing China investment limits

Trade Representative, which concluded that China seeks to acquire American technology through such investments. A U.S. government official told Reuters on Sun...


FACT CHECK: Did Harley Davidson's CEO Call President Trump 'a Moron'?

Of course, Trump had something to Tweet about it and decided to make his opinion public. the president had a lot to say about it. "Companies are now coming ba...


China, France Agree To Expand Trade, EU Raises "Difficult Issues"

The U.S. has also criticized China for its military buildup in the South China Sea-earlier this month, Mattis said China's weapons expansion there was "for th...


US Crude Oil Price Strength Shows No Sign of Ebbing

In addition, top exporter Saudi Arabia plans to raise output to make up for lost supplies. NY futures gained as much as 1.3 per cent, after advancing 3.6 per ...


Massive Protests Break Out in Tehran

Traders at Tehran's Grand Bazaar have taken part in a big protest against rising prices and the plummeting value of Iran's currency, the rial. A video poste...


Russia-Saudi oil cooperation to bring stability to markets: RDIF's Dmitriev

Thanks to the Organization of Petroleum Exporting Countries' (OPEC) agreement to restrict their oil output by 1.8 million barrels of oil per day (bpd), crude ...


Here's Why Trump Tweeted About Harley-Davidson's Plant In Kansas City

That's why the company says it needs to open plants overseas to avoid countries' tax and tariff costs and price their motorcycles competitively. "Their empl...


Trade war worries whack Wall Street and European markets. We're next!

Chinese Premier Li Keqiang (R) and his visiting French counterpart Edouard Philippe attend a symposium that gathered executives from more than 30 Chinese an...


‘Zero waivers ever’: United States wants India to stop oil imports from Iran

It came after protesters in Tehran swarmed the grand bazaar on Monday and forced shopkeepers to close their stalls, months after similar demonstrations rocked t...


Ways Donald Trump Made Harley-Davidson a Target

Harley-Davidson said it would raise investment in its worldwide plants, though it did not say which ones, adding that it expected the increase in production...


Maybe Trade Wars Aren't So Easy To Win After All

Late Monday afternoon President Trump tweeted , "Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag". The president ...


Five takeaways from Recep Tayyip Erdogan’s Presidential win in Turkey

The BBC says that in winning the election , Erdogan will "assume major new powers under Turkey's new constitution". Erdogan, who secured a new five-year ...


British minister slams big business leaders’ threats over Brexit

Financial firms must "speed up" contingency plans in the event of Britain exiting the European Union without a deal, the bloc's banking watchdog warned on Monda...


Mattis visits China as tensions mount over militarization, trade, and Taiwan

The S&P technology index dropped 2.3 percent, its biggest one-day plunge in more than two months. Lighthizer said that getting China to open its market to m...


Harley-Davidson to build motorcycles destined for European Union outside of U.S.

The tech-heavy Nasdaq slumped 2% on reports the US Treasury was drafting plans to block firms with at least 25% Chinese ownership from buying US tech companies....


U.S. plans limits on Chinese investment in technology firms

Last week, Chinese President Xi Jinping told a group of American and European multinational chief executives that his country was planning to strike back agains...


EU Retaliatory Tariffs on US Goods Implemented

In 2017, almost 40,000 riders bought new Harley-Davidson motorcycles in Europe, and the revenue generated from the European Union countries is second only to ...


Trump Rides a Harley-to Europe

Harley-Davidson, the company synonymous with American motorcycles, announced that it would move production of vehicles bound for European markets out of the U...


Turkey Elections: Erdogan Wins Second Term

He said he had no doubt the election results would be "very good". The vote ushers in a powerful executive presidency backed by a narrow majority in a 2017 r...


Harley, stung by tariffs, shifts some production overseas

The European Commission in Brussels gave final approval last month for a 25 per cent duty on 2.8 billion euros (US$3.2 billion) of EU imports covering a range o...


Beware dubious health claims, says seller of 'Hot Dog Water'

The booth also sold lip balm, breath spray, and fragrances, which along with the hot dog water claimed to be gluten-free and Keto diet-compatible/ The ware bo...


We’re not bluffing about no-deal Brexit, says Fox

Britain is due to leave the bloc on March 29, 2019, but its government remains divided about what kind of economic relationship it wants with the European Unio...


Portion of Kentucky bourbon warehouse collapses

There are no reports of any injuries. Milt Spalding, PIO for the Nelson County Emergency Management, said they do not know what caused the collapse. It is unc...


German Chancellor Angela Merkel says European Union summit won't solve migration issue

Only when these efforts were deemed sufficient would a credit line be implemented for the European Stability Mechanism that could be used by the European resolu...


Rats break into Indian bank's ATM, munch through S$24000 in cash

The rats munched through an estimated 1.2 million rupees (£13,000) worth of hard currency, local media reported. The rat had entered the ATM through a small h...


Pound US dollar exchange rate: GBP drops against USD before BoE meeting

His vote for a rise was added to those of Ian McCafferty and Michael Saunders and that decision was the first time that he has voted against the majority sinc...


Eurozone agrees deal to pave way for end to Greece's bailout

The Eurogroup ministers reached an agreement in principle on the size of the last loan tranche to Greece and debt relief measure, early on Friday morning, acc...


Greece gets 'historic' debt relief deal

If successful the talks will mark an important milestone for Europe nine years after Greece stunned the world with out-of-control debts and set the scene for ...


Trump and His Gulf Friends Win Big in OPEC Deal

Al-Falih also said the real increase for OPEC and non-OPEC would be smaller than the nominal gain of 1 million bpd. After an OPEC meeting in Vienna , Emirati...


Canada Will Legalize Marijuana Nationwide Starting October 17th

For each gram of cannabis sold at or below USD 10, a Can USD 1 excise tax will be imposed, and distributed between the federal government (receiving a quarter o...


Anti-US tariffs take effect in EU

The new tariffs target a wide range of American products, but the E.U.'s list includes a number of products chosen specifically to exact a political price from ...


Tesla to close a dozen solar facilities in nine states - documents

Data was combined with false information given to the media, the lawsuit said . The lawsuit alleges Tripp made false claims about the information he st...


Supreme Court ruling lets states collect sales tax from online purchases

It was your responsibility to pay sales tax on your untaxed online purchases at the end of the year, but virtually no one did that. In 2016, South Dakota ...


Opec’s challenge - to pump more oil while keeping deal in place

Any production increase would help offset a decline in output by Venezuela, an OPEC member consumed by economic and political crisis, and the prospect of reduce...


Iran, Saudi oil ministers meet to avert showdown

President Donald Trump, who moved to reimpose sanctions on Tehran last month after announcing he would pull the United States out of Iran's nuclear agreement wi...


Airbus warns could leave UK if no Brexit deal

Home Secretary Sajid Javid says government's "default" position would be to say yes to applications post Brexit. "This scenario would force Airbus to reconsid...


India notifies higher tariffs on USA imports

The move to increase tariffs from August 4 will also cover a slew of other farm, steel and iron products. Turkey will start imposing tariffs on imports of U...


After India, now European Union slaps additional tariffs on the US

Europeans claim that is simply protectionism and breaks global trade rules. President Trump said the measures against the EU are meant to protect US nationa...


China: ‘Capricious’ trade policies will hurt USA workers

Dow members Boeing, Apple and Nike may be targeted by the Chinese as the trade war with the US rages on, according to The Global Times a state-controlled tabloi...


Prices Dip Slightly on Reports Iran May Agree to Small Production Hike

The outcome of that meeting could give oil users around the world a strong indication as to whether they face the prospect of rising prices later this year - ...


Bank of England votes 6-3 to hold interest rates at 0.5%

Sterling rallied above $1.32 after the UK's central bank's decision to maintain the status quo. He added: "Sterling jumped on the news, gaining nearly a cent ...


Supreme Court rules states can force online retailers to collect sales tax

Under the old ruling, if an e-tailer was based in NY, it would have to charge NY customers sales tax, but not necessarily customers in any other state . They h...


Wall Street tumbles as US-China trade spat escalates

Three people close to Apple , who remained anonymous because they are not authorized to speak for the company, say that the tech giant's top worry is that the ...


Intel CEO Brian Krzanich quits biz after fling with coworker rumbled

Intel has confirmed it has begun the search for a permanent chief executive, and is considering candidates both internal and external. In this.MeToo era, cor...


Audi CEO Rupert Stadler arrested in diesel emissions probe

VW's diesel scandal is far from over. Stadler is the most senior company official to be detained so far since Volkswagen admitted in September 2015 to u...


Why GE's Removal From The Dow Could Help Investors (NYSE:GE)

Officials say GE will be removed from the index before the open of trading next Tuesday. Its slot will go to drugstore chain Deerfield-based Walgreens Boots Al...


Toys 'R' Us is shutting down in Australia, too

The Australian arm of the U.S. chain has 44 stores across the country and employs about 700 people. Hurt by the emergence of cheaper toy suppliers and the ris...


Nigeria, S-Arabia, others disagree over oil supply

Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries (OPEC), signalled on Wednesday it could agree on a sm...


Telstra confirms mobile outages in major cities around Australia

Telstra said there was no issue for its own customers on 3G or 4G networks but a "vendor platform issue" had affected reseller services for "a small number of w...