Mattis arrives in China; NKorea to be key topic of meetings

Treasury is devising new policy that would prevent firms where Chinese ownership is at least 25 percent from purchasing "industrially significant technology". US Treasury Secretary Steven Mnuchin denied the reports by Bloomberg and The Journal ... More..

by | Published more than a month ago
Oil prices rise on uncertainty over Libyan crude exports
by | Wednesday, June 27, 2018

Oil prices rise on uncertainty over Libyan crude exports

Saturday's accord, in which non-OPEC countries ratified the previous day's deal, dropped the pledge that the 1-M BPD increase should be shared proportionally among members, opening the way for the full volume t...More..

China regulators free up extra $100 billion for bank lending
by | Wednesday, June 27, 2018

China regulators free up extra $100 billion for bank lending

The move will cut the required reserve ratio by 0.5 percent point and come into effect on July 5, one day before China and the USA plan to impose tariffs on each other's exports, according to the People's Bank ...More..

Ryan calls tariffs 'basically taxes' amid Trump's Harley-Davidson feud
by | Wednesday, June 27, 2018

Ryan calls tariffs 'basically taxes' amid Trump's Harley-Davidson feud

Trump tweeted about on Tuesday. " Harley Davidson made the decision earlier this year to move jobs to Thailand before the tariffs were even announced ", said a statement from Renacci. The Europea...More..

China, EU agree to fight protectionism, but EU repeats complaints
by | Wednesday, June 27, 2018

China, EU agree to fight protectionism, but EU repeats complaints

The European Union and China are teaming up to rewrite global trade rules, their latest move in a wider fightback against the trade war Donald Trump has launched as part of his "America First" agenda. The alm...More..

Harley Davidson 'waving the white flag', tweets Trump
by | Wednesday, June 27, 2018

Harley Davidson 'waving the white flag', tweets Trump

He then warned: "If they move, watch, it will be the beginning of the end - they surrendered, they quit!" Tearing into Germany, he said , "They send Mercedes, they send BMWs, they send everything; we tax the...More..

Erdogan secures sweeping new powers as rival accepts vote defeat
by | Wednesday, June 27, 2018

Erdogan secures sweeping new powers as rival accepts vote defeat

The expected nationalistic discourse of AKP-MHP coalition in Parliament can also result in Turkey's cross-border moves against Kurdish militants in Syria and Iraq, and create a new fault line between Ankara a...More..

Iran's president says his country is in
by | Wednesday, June 27, 2018

Iran's president says his country is in "economic fight" with U.S.

It hurt America's global reputation", Rouhani said. A government-set exchange rate of 42,000 rials to $1 has generated a vibrant black market. Iranian President Hassan Rouhani on Tuesday assured Iranians th...More..

by | Wednesday, June 27, 2018

United States tells allies to halt Iran oil imports by November

The United States is pushing countries to halt imports of Iranian oil from November, a senior State Department official said, and it will not grant any waivers to sanctions. European leaders have since vowed ...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

Fox Business Network's Charles Payne said Tuesday he believes Harley-Davidson is using the Trump administration's tariffs as "cover" for moving production overseas. Europe is an important market for Har...More..

Tesla Working on 'Mad Max' Autopilot Mode
by | Wednesday, June 27, 2018

Tesla Working on 'Mad Max' Autopilot Mode

In a Twitter conversation today, Elon Musk showed a glimpse of " Mad Max " mode in a development build of Autopilot and is now being tested by Tesla. However, as for whether the options would make their way i...More..

Brexit becomes law in Britain
by | Tuesday, June 26, 2018

Brexit becomes law in Britain

Pro-EU lawmakers and members of the House of Lords tried to amend it to soften the terms of Britain's departure. Work to prepare the UK's statute book for Brexit will begin in the coming weeks as government d...More..

by | Tuesday, June 26, 2018

GE Finalizing Deal to Sell Industrial Engine Manufacturing Unit

It would take two to three years to sell its two-thirds stake in Baker Hughes, valued at around $23 billion. It comes just days after GE was dropped from the leading index of the Dow Jones Industrials and rep...More..

Europe to retaliate if US imposes auto tariffs
by | Tuesday, June 26, 2018

Europe to retaliate if US imposes auto tariffs

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

Trump's Treasury Department plans limits on Chinese investment in USA technology firms
by | Tuesday, June 26, 2018

Trump's Treasury Department plans limits on Chinese investment in USA technology firms

Even the bond market may be having an effect on investor appetite for stocks: The spread between the yield on 2-year and 10-year U.S. Treasury bonds - or the yield curve - has contracted to its slimmest level s...More..

North Atlantic Treaty Organisation chief congratulates Erdogan on Turkey election win
by | Tuesday, June 26, 2018

North Atlantic Treaty Organisation chief congratulates Erdogan on Turkey election win

The number of members of the Turkish parliament rises from 550 to 600. The pro-Kurdish Peoples' Democratic Party (HDP) candidate Selahattin Demirtas came third with 8.4 per cent, a performance all the more ...More..

Harley-Davidson to shift motorbike production overseas over European Union tariffs
by | Tuesday, June 26, 2018

Harley-Davidson to shift motorbike production overseas over European Union tariffs

It's a move that runs counter to the narrative of Harleys as a quintessentially patriotic mode of transportation-a real bike for real Americans-that the company has cultivated for decades with taglines like "...More..

by | Tuesday, June 26, 2018

United States to curb Chinese investment in tech firms

Amazon shares fell more than 3.5%, while shares of Google and Facebook fell 3.67% and 3.77%, respectively. The slated curbs will pour more oil onto Donald Trump's trade conflict with the world's second-...More..

U.S. to curb Chinese investment in tech firms
by | Tuesday, June 26, 2018

U.S. to curb Chinese investment in tech firms

CFIUS reviews-or the threat of reviews-have largely halted Chinese purchases of USA semiconductor companies. Wall Street stocks dropped on Monday (Jun 25), joining a global equities selloff on deepening worri...More..

Iranians protest dwindling economy, shout 'Death to Palestine'
by | Tuesday, June 26, 2018

Iranians protest dwindling economy, shout 'Death to Palestine'

The Iranian rial plunged to a record low against the USA dollar on the unofficial market on Sunday, continuing its slide amid fears of returning US sanctions after President Donald Trump in May withdrew from a ...More..

U.S. to limit Chinese investment in American tech firms
by | Tuesday, June 26, 2018

U.S. to limit Chinese investment in American tech firms

Lim explained that Trump's punitive tariffs risk Washington losing the support of Europe in pressuring Beijing to change its "industrial policy and technology transfer practices", which both oppose. The US is...More..

Now Amazon employees rebel: 'End police facial-recognition contracts, ICE support'
by | Monday, June 25, 2018

Now Amazon employees rebel: 'End police facial-recognition contracts, ICE support'

It followed a May ACLU report exposing how Amazon face-scanning tech called "AWS Rekognition" had been sold to police and government agencies. Along with much of the world we watched in horror recently as U...More..

Korea Investment CORP Has $937,000 Stake in Harley-Davidson Inc (NYSE:HOG)
by | Monday, June 25, 2018

Korea Investment CORP Has $937,000 Stake in Harley-Davidson Inc (NYSE:HOG)

Analysts await Harley-Davidson, Inc. HOG's profit will be $230.78 million for 8.16 P/E if the $1.40 EPS becomes a reality. After $1.24 actual EPS reported by Harley-Davidson, Inc. Geode Capital Management LLC...More..

European Union import tariffs force Harley to rethink
by | Monday, June 25, 2018

European Union import tariffs force Harley to rethink

Consequently, EU tariffs on Harley-Davidson motorcycles exported from the USA have increased from 6% to 31%. Alden said. "This will pose a real challenge to the president's core claim that his policies will lea...More..

Brexit supporters urge Theresa May to walk away without European Union trade deal
by | Monday, June 25, 2018

Brexit supporters urge Theresa May to walk away without European Union trade deal

Signatories urge the government to accelerate plans to operate under World Trade Organisation (WTO) rules. But the European Banking Authority (EBA) has warned firms that a deal is "not guaranteed" and said co...More..

Erdoğan Declares Victory in Election That Could Consolidate His Power
by | Monday, June 25, 2018

Erdoğan Declares Victory in Election That Could Consolidate His Power

But the pro-opposition BirGun took a different line: "An unfair election", it said, adding that the way results had been delivered had given rise to "doubts". The main BIST 100 stock index jumped 2.2 percent ...More..

by | Monday, June 25, 2018

Harley, stung by tariffs, shifts some production overseas

But rather than hike prices in the USA, the company said it would absorb the cost in the short term ― projected to be some $30 million to $45 million through this year― and shift some production to worldwide ...More..

Uber begins appeal over London licence denial
by | Monday, June 25, 2018

Uber begins appeal over London licence denial

Over the a year ago, Khosrowshahi has worked to changed some of issues facing the company, introducing new safety features for riders, no longer demanding silence in corporate sexual-harassment cases, and ...More..

U.S. trade policy drives Harley Davidson to create European Union jobs
by | Monday, June 25, 2018

U.S. trade policy drives Harley Davidson to create European Union jobs

The company said the European Union retaliatory tariffs of 25 percent would mean a motorbike shipped from the U.S to Europe would now face a tariff of 31 percent, up from 6 percent, leading to an average cost i...More..

Volkswagen has torn the Pikes Peak record to shreds
by | Monday, June 25, 2018

Volkswagen has torn the Pikes Peak record to shreds

The Frenchman completed the course in the fully electric prototype from Volkswagen in a time of 7m57.148s, the first person to complete the 19.9km course in under 8 minutes, a clear 16 seconds faster than t...More..