Saudi-Russian Oil Cooperation to Stabilize Market

Top exporter and de-facto OPEC leader Saudi Arabia plans to pump up to 11 million bpd in July, the highest in its history, up from about 10.8 million bpd in June, an industry source familiar with Saudi oil production plans told Reuters on Tuesd... More..

by | Published more than a month ago
by | Saturday, June 30, 2018

Trump claims Saudi Arabia will boost oil production

The OPEC cartel recently agreed to pump 1 million barrels more crude oil per day. Im the run-up to the latest OPEC meeting, Riyadh, backed by Moscow, had argued strongly in favour of increasing production...More..

Canada hits back at United States tariffs
by | Saturday, June 30, 2018

Canada hits back at United States tariffs

Canada will hit back against US tariffs on its steel and aluminum by offering affected companies and workers up to C$800 million ($603 million) in aid, a source familiar with the matter said on Thursday. She al...More..

Anonymous person buys $1M worth of remaining toys at Toys 'R' Us
by | Saturday, June 30, 2018

Anonymous person buys $1M worth of remaining toys at Toys 'R' Us

More than 700 Toys "R" Us stores are shuttering in the United States. What we found was a manager who didn't want us filming, no Geoffrey, and a pretty good sale on a small selection of toys. The chain is c...More..

Stupid To Presume That All Swiss Money Is Black: Arun Jaitley
by | Friday, June 29, 2018

Stupid To Presume That All Swiss Money Is Black: Arun Jaitley

In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF 1.46 trillion or about Rs 100 lakh crore in 2017, according to the official annual data released today by Swiss Na...More..

Boeing hypersonic jet could make for 2 hour transatlantic flights
by | Friday, June 29, 2018

Boeing hypersonic jet could make for 2 hour transatlantic flights

The concept airliner, debuted at the annual American Institute of Aeronautics and Astronautics conference in Atlanta, reportedly would fly at a staggering Mach 5 (3,800 miles per hour). The concept aircraft cou...More..

Booker rations beer supplies amid carbon dioxide shortage
by | Friday, June 29, 2018

Booker rations beer supplies amid carbon dioxide shortage

Food wholesaler Booker is rationing beer and cider because of a shortage of Carbon dioxide used in carbonated drinks. "We are now working hard with our suppliers to minimize the impact for our customers a...More..

Amazon Wants the Whole Package in Delivery
by | Friday, June 29, 2018

Amazon Wants the Whole Package in Delivery

Businesses will pick up Amazon packages from one of its 75 USA delivery stations before transporting them to buyers. Amazon makes sure packages get to distribution centers in each city, but those other ca...More..

Escalating trade fight weighs on global stocks, boosts Treasuries
by | Friday, June 29, 2018

Escalating trade fight weighs on global stocks, boosts Treasuries

Trump threatened to impose a 20 percent tariff on Friday on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security thr...More..

Indian rupee hits all-time low against USA dollar
by | Friday, June 29, 2018

Indian rupee hits all-time low against USA dollar

Patel said the subsequent decline in USD liquidity meant a " crisis " in global bond markets denominated in U.S. dollars will become "inevitable". The RBI is suspected to have sold dollars through state-run...More..

Ticketmaster customers' card details may have been hacked
by | Friday, June 29, 2018

Ticketmaster customers' card details may have been hacked

Customers who purchased, or attempted to purchase, tickets between September 2017 and June 23, 2018, might have been affected by the breach. Customers who bought tickets between September and February are bei...More..

German Car Shares Plummet Following Trump's Tweet
by | Friday, June 29, 2018

German Car Shares Plummet Following Trump's Tweet

In 2017, 17.2m vehicles were sold in the United States , compared with 15.6m in the EU and European Free Trade Association countries. The European Union will react to USA president Donald Trump's import tax ...More..

Tiny Instagram Lite app surfaces on Google Play with absolutely no fanfare
by | Friday, June 29, 2018

Tiny Instagram Lite app surfaces on Google Play with absolutely no fanfare

It's a lightweight app that provides the joy of photo sharing while barely taking up any storage space on your smartphone. Following the footsteps of its parent company Facebook , Instagram has now come up...More..

Harley-Davidson hit by European Union tariffs
by | Friday, June 29, 2018

Harley-Davidson hit by European Union tariffs

Gov. Scott Walker echoed those comments, saying increasing markets for Wisconsin and American-made goods will reduce the trade imbalance and needs for tariffs. "Now they are trying to use the tariffs to excuse ...More..

BMW says Brexit customs costs would push up prices
by | Thursday, June 28, 2018

BMW says Brexit customs costs would push up prices

Mr Robertson said he would "hate" it if the United Kingdom was "knocked off course because of some changes in the political environment" but added: "Knocking off course does not mean a complete U-turn". "If w...More..

Turkey's main opposition candidate concedes election but warns of '1-man regime'
by | Thursday, June 28, 2018

Turkey's main opposition candidate concedes election but warns of '1-man regime'

Speaking to supporters from the balcony of his ruling AK Party's headquarters in Ankara after Sunday's presidential and parliamentary elections, Erdogan said Turkey would also act more decisively against ...More..

China Trade War: Trump Holds Fire On China Investment, Export Rules
by | Thursday, June 28, 2018

China Trade War: Trump Holds Fire On China Investment, Export Rules

The administration wants to task an existing agency - the Committee on Foreign Investment in the United States (CFIUS) - with protecting us technology. News outlets including CNN reported earlier this week ...More..

Trump warns Harley-Davidson: ‘We won’t forget’
by | Thursday, June 28, 2018

Trump warns Harley-Davidson: ‘We won’t forget’

But on Monday, the company said the president's trade approach had put its business at a disadvantage, as the European Union hit Harley-Davidson with tariffs of 31 percent on every motorcycle exported to Europe...More..

Harley-Davidson To Move More Production Oversees Amid US-EU Trade Tensions
by | Wednesday, June 27, 2018

Harley-Davidson To Move More Production Oversees Amid US-EU Trade Tensions

The Aura will be gone and they will be taxed like never before! ". The EU levied the tariffs, which became effective on Friday, in response to increased USA tariffs on European steel and aluminum. "Harley-...More..

The Scariest Place for Investors in a Trade War
by | Wednesday, June 27, 2018

The Scariest Place for Investors in a Trade War

In an extreme scenario, greater restrictions on exports and investment between them could cause divergent tech sectors to emerge. France has struck a deal that has seen its beef industry move closer to shippi...More..

Hundreds Join Tehran's Biggest Anti-Government Protest in Years
by | Wednesday, June 27, 2018

Hundreds Join Tehran's Biggest Anti-Government Protest in Years

The decision came after the Iranian rial plunged to a record low against the USA dollar on the unofficial market on June 24, continuing its slide amid fears of returning USA sanctions after President Donald...More..

Brent/WTI spread narrows sharply in wake of OPEC output deal
by | Wednesday, June 27, 2018

Brent/WTI spread narrows sharply in wake of OPEC output deal

The Organization of the Petroleum Exporting Countries and non-OPEC countries reached an agreement on Saturday to moderately boost production after consuming countries including the United States had urged them ...More..

India preparing to pay in rupees for Iran oil
by | Wednesday, June 27, 2018

India preparing to pay in rupees for Iran oil

In May 2018, US President Donald Trump withdrew the Iran nuclear deal signed in the year 2015 during the reign of Barack Obama. The official said countries would be subject to sanctions if oil imports from ...More..

Harley’s business will be hit if they move production
by | Wednesday, June 27, 2018

Harley’s business will be hit if they move production

In a stock market filing , the company said the EU's reaction to Donald Trump's steel tariffs , which will add $2,200 (£1,657) to the average cost of a motorcycle exported from the United States to Europe, w...More..

China, Europe warn trade war could trigger global recession
by | Wednesday, June 27, 2018

China, Europe warn trade war could trigger global recession

Last week, the White House introduced a 25 percent tariff on $50 billion of Chinese imports to the country. The White House is also expected to unveil new rules later this week that would restrict Chinese inv...More..

Trump says he's '100 percent' right on tariffs despite Harley-Davidson move
by | Wednesday, June 27, 2018

Trump says he's '100 percent' right on tariffs despite Harley-Davidson move

Last fall, Ryan traveled to Harley-Davidson headquarters in his home state to tout how the Milwaukee-based motorcycle maker and other companies would experience lower taxes from the historic GOP tax-cuts law....More..

Mnuchin denies stories on China-specific investment restrictions
by | Tuesday, June 26, 2018

Mnuchin denies stories on China-specific investment restrictions

After months of increasingly ribald rhetoric and threats, the trade fight seems to be coming to a head, with Europe imposing tariffs on $3.3bn of American products on Friday in response to United States barrier...More..

What next for Turkey after Erdogan's executive presidency win?
by | Tuesday, June 26, 2018

What next for Turkey after Erdogan's executive presidency win?

The Organization for Security and Cooperation in Europe reported that the elections were free, as voters could choose from many parties, but not fair . The president told crowds in Ankara in the early hour...More..

United States trade policy drives Harley Davidson to create European Union jobs
by | Tuesday, June 26, 2018

United States trade policy drives Harley Davidson to create European Union jobs

Now, lawmakers are weighing in. "That's what I'm going to push for, ways that we can get to a level playing field then we don't have this tit for tat on any number of products out there". Now he is expected to...More..

Plans limits on Chinese investment in USA technology firms
by | Tuesday, June 26, 2018

Plans limits on Chinese investment in USA technology firms

The U.S. would block Chinese companies from investing in U.S. technology companies, while restricting U.S. technology exports to China. Auto manufacturer Daimler AG has warned that tariffs will lower its prof...More..