Markets

President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers

President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers After accusing the U.S. of launching the "largest trade war in economic history", analysts worry Beijing could shift to threatened "qualitative" retaliatory measures, such as damaging United States firms in China or restricting the export of crucial items. [Full Article...]

Jet Airways flight makes emergency landing as 30 passengers suffer bleeding

Jet Airways flight makes emergency landing as 30 passengers suffer bleeding Cabin pressure is maintained by a flight's crew to ensure comfort for everyone aboard. This fact initiated the investigation, at the end of which it was made a decision to keep the crew from working. The doctors advised a week rest for all the passengers. Lalit Gupta, deputy director general of the Directorate General of Civil Aviation (DGCA), confirmed the incident was due to pilots accide... [Full Article...]

OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead

OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead US West Texas Intermediate (WTI) crude futures were at $69.93 per barrel at 0646 GMT, up 68 cents, or 1 per cent, from their last settlement. In New York last night the price was $78.43, up 1 per cent so far this month. The Paris-based energy agency said falling output in Iran and Venezuela could drive up prices if it is not offset by more production elsewhere. [Full Article...]

Centre merges Bank of Baroda, Vijaya Bank, Dena Bank

Centre merges Bank of Baroda, Vijaya Bank, Dena Bank Rejecting Congress claim that the gross NPAs stood at Rs 2.5 lakh crore when the UPA exited power, he said that actual figure was Rs 8.5 lakh crore because of the indiscriminate and disproportionate lending during 2008 to 2014. The process follows as such - the bank boards takes the final call on branch mergers, real estate assets, manpower and the required re-capitalisation. [Full Article...]

Coca-Cola looking at cannabis-infused drinks

Coca-Cola looking at cannabis-infused drinks The discussions over a possible product tie-up could help overcome slowing demand for sugar-heavy sodas by diversifying into caffeine-infused and healthier drinks. Canada officially legalised the use of recreational cannabis back in June and apparently the United Kingdom could follow suit within five years. [Full Article...]

Trump tariffs to hit $200 billion of China imports on September 24

Trump tariffs to hit $200 billion of China imports on September 24 In announcing the latest levies on Monday, Trump hinted at that argument again, pointing to his "great respect and affection" for Xi Jinping, his Chinese counterpart, and raising the possibility of a negotiation. And as the China tariffs are imposed, top officials of the European Union are meeting to discuss how they might overcome the financial sanctions the U.S. [Full Article...]

Strength in Oil ETFs Won't Last if OPEC Has Any Say

Strength in Oil ETFs Won't Last if OPEC Has Any Say Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt crude imports from Tehran , US Secretary of State Mike Pompeo said last week in New Delhi after a meeting of high level officials. Saudi Arabia , which is the world's largest crude exporter, pumped 10.49 million barrels per day in August. The rise in production was the cartel's biggest month-... [Full Article...]

NAFTA deal must end Canada's milk protein scheme

NAFTA deal must end Canada's milk protein scheme Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerMcConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE that a deal is "eminently possible" but said she would not negotiate the pact in public, the CBC reported. [Full Article...]

The Apple Watch Round Series in this video is jaw-droppingly handsome

The Apple Watch Round Series in this video is jaw-droppingly handsome How Apple plans to use this technology is not certain in any way but that hasn't stopped Redditors from drawing the conclusion that the company may introduce an always-on mode for the soon-to-be-launched Apple Watch. 3 is a diagram of an illustrative curved edge of a pixel array in a display. Apple will be able to achieve this significantly higher resolution by reducing the size of the bezel... [Full Article...]

Hartal byte: Kerala has higher fuel prices than metros

Hartal byte: Kerala has higher fuel prices than metros Sporadic incidents of violence were reported on Monday during a Congress-led opposition's Bharat Bandh against spiralling fuel prices that disrupted normal life mainly in Bihar, Kerala, Karnataka, Assam and Odisha. "Narendra Modi ji is silent, he has not spoken a word on rising prices of fuel, or condition of farmers, neither on atrocities against women", said Rahul Gandhi while speaking in fr... [Full Article...]

Trump tells Apple to make products in United States to avoid China tariffs

Trump tells Apple to make products in United States to avoid China tariffs Apple has warned that proposed USA tariffs on China could force it to raise the price of many of its products. The public comment period ended Thursday on proposed tariffs that could range from 10% to 25% on some $200bn worth of Chinese goods, including multiple seafood items, such as re-processed salmon and tuna as well as red swimming crab. [Full Article...]

British Airways travellers' credit card details hacked

British Airways travellers' credit card details hacked The nearly two-week long hack did not involve travel or passport details, the airline said , adding that it had launched an urgent investigation into the theft of customer data. It immediately contacted customers when the extent of the breach became clear. British Airways (BA) parent organisation International Airlines Group (IAG), which also owns Iberia, Vueling and Aer Lingus, generated just ... [Full Article...]

Fears rise, diapers vanish amid currency crisis in Iran

Fears rise, diapers vanish amid currency crisis in Iran Brent crude, the global benchmark, was up 0.58% to $78.09 a barrel on London's Intercontinental Exchange. Many worldwide shippers have stopped loading Iranian oil as USA financial sanctions against Tehran prevents them from insuring its cargoes. [Full Article...]

US, Mexico moving to sign FTA, with Canada not behind

US, Mexico moving to sign FTA, with Canada not behind The president of the largest union federation in the United States said Sunday that a reworked North American Free Trade Agreement would require Canada's involvement. He said in a tweet issued on Saturday that it would be left of the new NAFTA if "fair deals for the US" isn't reached. 'If we don't make a fair deal for the USA after decade of abuse, Canada will be out. [Full Article...]

Ramaphosa: China is not trying to re-colonise Africa

Ramaphosa: China is not trying to re-colonise Africa He did not say which countries would have their debt absolved, but the move appeared to be the latest effort by Beijing to deflect concerns about debt levels on the continent and the risks of " debt trap diplomacy ". "The seven or so special economic zones set up by Chinese actors in Africa have encountered a number of difficulties.so there is much scope for growth", Anthony said. [Full Article...]

USA and Mexico reach NAFTA overhaul deal, upping pressure on Canada

USA and Mexico reach NAFTA overhaul deal, upping pressure on Canada Freeland cancelled her trip to Europe this week to return to the NAFTA bargaining table after the US and Mexico agreed on numerous trade issues throughout their bilateral, summertime talks. But first, he said, he would give Canada a chance to get back in - "if they'd like to negotiate fairly". USA demands have ranged from ending those tariffs to scrapping a pricing system for milk ingredients th... [Full Article...]

Toyota set to team up with Uber on driver-less cars

Toyota set to team up with Uber on driver-less cars He said: "Our goal is to deploy the world's safest self-driving cars on the Uber network, and this agreement is another significant step towards making that a reality". As with traditional rental companies like Avis Budget Group Inc., Toyota is also trying to sell Uber fleet-management services based on the rapidly expanding volume of data it's collecting from connected cars. [Full Article...]

U.S., Mexico Reach Trade 'Understanding' That Could Lead To NAFTA Overhaul

U.S., Mexico Reach Trade 'Understanding' That Could Lead To NAFTA Overhaul A voice could be heard over the speakerphone saying "President Pena Nieto", but still there was no Mexican leader on the line. Trudeau spoke about the possibility of resolving a trade war last week, saying that he was "encouraged by the optimism expressed by the USA and Mexico", but added that "we also recognize that we will only sign a good deal for Canadians". [Full Article...]

Trump announces 'really good' NAFTA deal with Mexico

Trump announces 'really good' NAFTA deal with Mexico President Donald Trump , right, arrives in the Oval Office for a telephone call with Mexican President Enrique Pena Nieto on August 27, 2018 . Mexican President Enrique Pena Nieto wants to sign the agreement before leaving office at the end of November, and Canadian Prime Minister Justin Trudeau faces a national election expected by October 2019. [Full Article...]

USA softens stance on NAFTA sunset clause: Mexican official

USA softens stance on NAFTA sunset clause: Mexican official Trump's relationship with Mexico has been strained over his push for it to pay for his border wall. Canada has sat out the most recent phase of the year-long discussions, and once it rejoined the talks, the three sides would need to work for at least another week, Guajardo said. [Full Article...]


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