Archive | Markets

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Trump's Prepares China Trade War, $200 Billion in Tariffs

United States crude futures took additional hit also as China's retaliatory tariffs included crude oil. China will take "qualitative" and "qua...

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Donald Trump targets tariff on $200 billion Chinese imports as spat grows

Marking the latest salvo in a tit-for-tat dispute over trade, Trump directed the U.S. Trade Representative to identify $200 billion worth of Chi...

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Elon Musk Claims Employee Sabotage at Tesla in Midnight Memo

According to Musk's email, the unnamed employee claimed he had become disgruntled after failing to receive a promotion. He then warned of en...

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Google to invest $550 million in Chinese e-commerce giant

JD.com's USA -listed shares rose 2.5 per cent to $44.68 in morning trading on the Nasdaq. When the deal concludes, this will give Google less ...

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CYBG acquires Virgin Money for £1.7bn

A man checks his phone as he walks past a branch of Virgin Money in Manchester, Britain September 21, 2017. Virgin Money chief executive Jayne...

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Audi CEO Rupert Stadler arrested in diesel emission case

German automaker and Audi's parent company Volkswagen confirmed the detention. Stadler's arrest is the most high-profile yet in the dieselga...

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Audi chief executive Rupert Stadler arrested

Rupert Stadler , CEO of German vehicle producer Audi , briefs the media during the annual press conference in Ingolstadt, Germany. German autom...

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Prohibited Monsanto GMO wheat found in Canada

Bilous won't speculate on if other countries that import Canadian wheat will follow Japan's example, but they are working to reassure those othe...

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Tesco 13-week LFL Sales Up 1.8%

Similarly, Booker, which Tesco bought for £3.7bn previous year, had a rise of 1.4% in sales during the quarter. 'The fact that chief executive...

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McDonald's to test paper straws in US

It also plans to test alternatives to plastic straws in its restaurants in France, Sweden and Norway. McDonald's said Friday it will switch ...

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Musk: High speed transit tunnel travel safer than roads

Details of the project will be decided later through negotiations between the Boring Company and the City. The Block 37 station was a dream ...

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Canada Goose (GOOS) Downgraded to Hold at Zacks Investment Research

Canada Goose shares surged nearly 30 per cent to close at a record high of $78.01 in Toronto after touching $81.30 earlier in the day. Separa...

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Why plastic straws are being axed by McDonald’s

Given the size of the company's purchasing power, McDonald's says it hopes the shift will "support industrywide change and bring sustainable sol...

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China’s Didi Chuxing continues its worldwide expansion with Australia launch

The Chinese company said it had started recruiting drivers in Melbourne in early June "to warm responses". Didi Chuxing Technology Co Ltd,...

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Dovish Draghi helps lift European stocks to June highs

The central bank said it expects to keep rates unchanged "at least through the summer of 2019", while lowering its 2018 growth forecast for th...

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BHP flags jobs with .9bn Pilbara spend

Its Japanese partners Itochu Corp, which has an 8 percent stake in the project, and Mitsui & Co Ltd, with 7 percent, will spend $270 million and...

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Beijing fires back in trade war with US

The new import penalties will cover what the White House on Friday described as items that "contain industrially significant technologies" it ...

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UK's N Brown may close 20 stores on receding footfalls

Online sales were up 3% with revenue now generated from this channel accounting for 75% of total sales, up 5 percentage points year-on-year. C...

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Tesla Job Cuts to Come in Restructuring Attempt

Tesla is driven by finding solutions to "clean" energy, rather than profits, he continued, but the firm will "never achieve that mission unless...

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Petrol & Diesel prices cut at Asda by 3p per litre in UK

The supermarket is passing the savings on to motorists, as the price of oil has fallen back to £57 a barrel. Similarly, in Kolkata, Mumbai and...

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China CK Infrastructure Offers $7.8B For Australian Gas Pipeline Operator

CKI offered A$11 per share in cash, or 33 per cent more than yesterday's closing price, APA said in a statement today. The CKI-led consortiu...

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Australia jobless rate ticked lower in May, full-time jobs slump

On a trend basis, the jobless rate remained steady on 5.5% and 16,000 new jobs were created - majority part time as full time job creation conti...

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Trump renews his criticism of OPEC for 'too high' oil prices

OPEC is committed, along with 10 non-OPEC producers including Russian Federation, to a 1.8 million b/d cut agreement that is scheduled to run th...

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Britain's Rolls-Royce is slashing 4,600 jobs

Speaking of the reason behind the job cut, the company said that CEO Warren East meant to simplify the business and generate more cash. The re...

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Germany slaps Volkswagen with $1.8bn fine in emissions cheating scandal

The fine, claimed to be one of the highest fines ever imposed by German prosecutors, is in response to Volkswagen cars being found with " impe...

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China announces retaliation against $50B in U.S. goods

Trump decision marks his latest move against what he feels are unfair trade practices by the major trading partners of the US. It published a ...

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Facebook confirms to Congress it’s tracking everything it possibly can

It's not clear how Facebook plans to enforce these rules if they're broken, but it's an excellent first step toward a more responsible, privac...

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One deputy killed, another in critical condition in Kansas City, Kansas

The suspected shooter, who was also shot, was taken to a hospital as well. The building is used for juvenile court, but Blair says it is unknown...

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Seattle just killed the 'Amazon tax' it passed four weeks ago

The move comes amid courting from other large cities, including Los Angeles, who hope to become the home of Amazon's so-called "HQ2". It remai...

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Pimlico Plumbers case: another blow to the gig economy?

Charlie Mullins , chief executive of Pimlico Plumbers, says Mr Smith chose to be self-employed, while economist Faiza Shaheen, from the Centre f...

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