Finance

US oil prices surge as inventory draw adds to supply concerns

US oil prices surge as inventory draw adds to supply concerns

Reuters reported two weeks ago that Saudi Arabia wanted oil to stay between $70 and $80 a barrel for now, seeking a balance between maximizing revenue and keeping a lid on prices until USA congressio...

by · Finance
Oil prices inch up as supply concerns outweigh USA output assurances

Oil prices inch up as supply concerns outweigh USA output assurances

Russia's energy minister, Alexander Novak , said on Monday that the country is ready to cooperate with the U.S.to balance the oil market, after the two had a meeting last week to talk about boosting...

by · Finance
UK: My Brexit plan or no plan

UK: My Brexit plan or no plan

Failure to reach a deal would imply some upheaval, May acknowledged. The Prime Minister has faced growing pressure over her Brexit plan - which has come to be dubbed as the "Chequers Plan" (after th...

by · Finance
US, Canada to resume Nafta talks

US, Canada to resume Nafta talks

USA officials say time is running out to agree on a text on which the current Congress can vote. "Our baseline is that Canada will join the U.S. -Mexico agreement, making concessions on dairy, but t...

by · Finance
British Airways says financial details of 380000 customers who booked online hacked

British Airways says financial details of 380000 customers who booked online hacked

On the BBC's Today program, Cruz said the company had reached out to all affected customers by Thursday evening; they're advised to contact their banks or credit card providers. Cruz said the airl...

by · Finance
Mercedes-Benz EQ family

Mercedes-Benz EQ family

The front motor is geared toward range economy, while the rear motor optimizes performance; the EQC is created to rely on the front motor for normal cruising, shifting power continuously in real tim...

by · Finance
Two men sneak in self-made poster at McDonald’s for Asian representation

Two men sneak in self-made poster at McDonald’s for Asian representation

We're told they bought old McDonald's uniforms at a thrift store to dress up and hang the poster. Jev and his friend, Chris, took a picture in front of their neighborhood event center, edited the ph...

by · Finance
Amazon becomes second USA company to reach $1 trillion market value

Amazon becomes second USA company to reach $1 trillion market value

Last month, Apple became the first United States company to become a $ 1 trillion company . It crossed the line at 16:40 BST before falling back slightly. It needed to reach $2,050.27 to cross t...

by · Finance
Petrol, diesel prices hit fresh high, go up for 10th consecutive day

Petrol, diesel prices hit fresh high, go up for 10th consecutive day

The Department of Energy Minister, Jeff Radebe on Monday announced fuel prices will remain unchanged. The government's decision to stop a full petrol price hike from taking place this month may co...

by · Finance
No NAFTA Deal: Canada-U.S. Talks To Resume Next Week

No NAFTA Deal: Canada-U.S. Talks To Resume Next Week

Canada rejoined NAFTA talks on Tuesday, a day after the USA and Mexico reached a deal , tweaking the free trade agreement. The Toronto Star obtained off-the-record remarks Trump made in an ...

by · Finance
Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

Mr Musk has been embroiled in another Twitter-related controversy over recent weeks after tweeting that he was considering taking his auto firm private, adding that he had secured the funds required. ...

by · Finance
United States 'strangling' Iran with sanctions, top UN court told

United States 'strangling' Iran with sanctions, top UN court told

The sanctions target financial transactions and imports of raw materials, cars and aircraft among other things. Under the deal, Iran reined in its nuclear programme under United Nations monitori...

by · Finance
Putin deplores US sanctions, but lauds Trump meeting

Putin deplores US sanctions, but lauds Trump meeting

Rostec claims its Avtomatika unit, which specializes in encryption and secure communications, supplies the White House with technology that allows Trump and Putin to communicate privately. "We have a ...

by · Finance
PepsiCo to buy SodaStream for US$3.2b to cut bottle use

PepsiCo to buy SodaStream for US$3.2b to cut bottle use

PepsiCo president Ramon Laguarta, who will succeed Ms Nooyi on 3 October, said in a statement that Sodastream was "highly complementary and incremental" to Pepsi's business. In the latest second qua...

by · Finance
Elon Musk Just Revealed His Biggest Problem Without Even Mentioning It

Elon Musk Just Revealed His Biggest Problem Without Even Mentioning It

The billionaire electric vehicle maker, rocket launcher, tunnel digger and insulter of rescue divers sat down for an emotional interview with The New York Times , laying out recent trials and tribula...

by · Finance
Turkish court rejects release appeal of American Pastor

Turkish court rejects release appeal of American Pastor

Turkey's trade minister, Ruhsar Pekcan, said her government would respond to any new trade duties. This move subsequently triggered the Turkish lira to lose about 20 percent of its value in a...

by · Finance
Turkish lira resumes fall after Trump sanctions threat

Turkish lira resumes fall after Trump sanctions threat

On Friday, Turkey's battered lira weakened 3 percent after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump , who said the Unit...

by · Finance
China sending trade envoy to Washington for talks

China sending trade envoy to Washington for talks

The Trump administration in January announced it was imposing "Safeguard tariffs " over four years, with a 30 percent tariff in the first year reduced gradually to 15 percent in year four. China has ...

by · Finance
Turkish lira firms despite USA warning of more sanctions

Turkish lira firms despite USA warning of more sanctions

Trump tweeted on August 10 that he has authorized a doubling of tariffs on Turkish steel and aluminum imports as their currency Lira slides rapidly downward against the USA dollar. In remarks at T...

by · Finance
Turkish finance chief tries to reassure investors on crisis

Turkish finance chief tries to reassure investors on crisis

Last Friday, US President Donald Trump said he had authorized higher tariffs on aluminium and steel imports from Turkey. They shared a list of 30 Turkish brands, including Turkish Airlines, urgi...

by · Finance
China, U.S. to hold lower-level trade talks in late August

China, U.S. to hold lower-level trade talks in late August

A statement from the ministry said commerce vice-minister Wang Shouwen would lead the delegation that will meet US Treasury undersecretary David Malpass to discuss "economic and trade issues between ...

by · Finance
Crude: Turkey, Iran & shale

Crude: Turkey, Iran & shale

West Texas Intermediate crude for September delivery rose as much as 32 cents to $67.95/bbl on the New York Mercantile Exchange and traded at $67.69 at 9:35 a.m.in Singapore. "The high crude prices ap...

by · Finance
Boy among 26 dead as bridge collapses in Genoa

Boy among 26 dead as bridge collapses in Genoa

An 80-metre section of the bridge, including one set of the supports that tower above it, crashed down in the rain onto the roof of a factory and other buildings. The government will also look into st...

by · Finance
Turkish lira dip spells trouble for Asian markets

Turkish lira dip spells trouble for Asian markets

For one more time, Erdogan called on Turks to convert US dollars into lira in order to "maintain the dignity" of the currency . "If they have the iPhone, there is Samsung elsewhere". Turkey's a...

by · Finance
Largest fire in California's history continues to spread north

Largest fire in California's history continues to spread north

Wildfires are raging through California, destroying everything in their wake. Crews have been able to cut containment lines around 68 percent of the northern California fire, Cal Fire said. Clark was ...

by · Finance