USA crude oil inventories decrease sharply last week: API

19 Sep, 2018

In its monthly report, the cartel said total oil demand for 2018 is estimated at 98.82 million barrels a day. The Persian country will by November 4 see a slew of countries already abandoning oil supply contracts and the rest scrambling for alternatives as crushing United States sanctions on Iran threaten to impose additional sanctions on those defying the ban on crude imports from the country.


Trump tariffs a slap on China's wrist, experts say

19 Sep, 2018

Trump says the tariffs are needed to compel China to abandon a host of unfair trade practices, including making American companies surrender their trade secrets in return for access to the Chinese market and subsidizing state firms in advanced-technology industries.


Coca-Cola 'closely watching' cannabis in wellness drinks

19 Sep, 2018

Coke would join a rush by major alcohol makers and a cigarette company to test the cannabis market and find partners ahead of the October 17 launch of legal recreational marijuana in Canada . If a partnership between Coke and Aurora does go through, the deal would mark the first entry of a major manufacturer of non-alcoholic beverages into the cannabis market.


National Cheeseburger Day 2018: Free Burgers, Deals, and Special Offers

19 Sep, 2018

Anyone already ordering a cheeseburger at BurgerFi on September 18 can order an additional burger for just $1, but they must "mention or show offer to redeem". The deal is good all day on September 18 and is for in-store orders only. iHOP: From 7 a.m.to 10 p.m., customers can get a free side of pancakes or two pumpkin spice pancakes with the purchase of any Ultimate Steakburger.


Dena Bank, Vijaya Bank, BoB to merge

18 Sep, 2018

Bank of Baroda shares fell over 11 per cent after earlier losing as much as 11 per cent in Tuesday's trade after the government announced its merger with smaller peers Dena Bank and Vijaya Bank , both of which gained. R.A. Sankara Narayan, Vijaya Bank CEO & MD, told a TV channel he had got to hear about the merger proposal only after the news conference. The move is part of the reforms initiated in the public sector banking segment.


Apple’s smartwatches, wireless earphones spared in latest USA tariffs

18 Sep, 2018

On the contrary, Trump has picked fights with each of those trading partners - from imposing tariffs on imported steel and aluminum to demanding that Mexico and China transform the North American Free Trade Agreement into a deal more favorable to the United States.


London Mayor Sadiq Khan joins call for second Brexit referendum

18 Sep, 2018

May has proposed that Britain follow European Union rules in trade in goods after Brexit, to protect manufacturing supply lines and avoid a "hard border" between Northern Ireland, part of the United Kingdom , and the Republic of Ireland.


Oil prices claw back some ground, but demand worries drag

17 Sep, 2018

Indian refiners will cut their monthly crude loadings from Iran for September and October by almost half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.


'If in doubt, throw them out': Needles in strawberries prompt warning

17 Sep, 2018

The initial problem involved punnets of the "Berry Obsession" and "Berrylicious" brands, sold in Woolworths stores in Queensland , NSW and Victoria , had been pulled from shelves, and the public urged to throw out any punnets they have.


Legal pot points to woes at USA border

17 Sep, 2018

In its report, Politico spoke with Todd Owen, executive assistant commissioner for the Office of Field Operations, who said that border officials are not planning to go out of their way to interrogate every Canadian traveller about marijuana use, but there will be factors may cause them to raise the topic.


Amazon CEO says 'HQ2' decision will be announced before end of year

14 Sep, 2018

Organisations will be given grants for "doing compassionate, needle-moving work to provide shelter and hunger support to address the needs of young families". Bezos said he and Marty Baron, the Post's editor, remind journalists that despite the commander-in-chief's attacks on the media, the paper isn't at war with the Trump administration.


Canada's Freeland to hold NAFTA talks on Tuesday as time runs short

14 Sep, 2018

Freeland said on Friday she and Lighthizer were making "very good progress" in talks to save NAFTA amid increasing Canadian optimism that a deal can be reached. Senate Democratic leader Chuck Schumer, who wants more Canadian access for milk producers from the northern part of his home state of NY. The in-person, high-level negotiations got back underway as events marking the 17th anniversary of the 2001 attacks took place around the USA, including at the Pentagon with Vice President Mike ...


Rupee plunge, crude oil spike to give states Rs 22,700 crore windfall

12 Sep, 2018

On Monday, the petrol per litre in Andhra Pradesh were sold at Rs ₹ 85.60 and diesel at Rs 79.22 per litre. Likewise, the diesel price went from Rs 62.98 per litre in 2014 to Rs 79.98 at present. The bench was hearing a PIL by Delhi-based designer, Puja Mahajan, challenging the daily rise in fuel rates and seeking a direction to the Centre to fix a fair price for petrol and diesel by treating them as essential commodities.


White House Corrects Trump’s Tweet on GDP, Unemployment

12 Sep, 2018

Economists do not usually compare the GDP rate, which measures the pace of economic growth, with the unemployment rate in that way. The president claimed the GDP rate was the highest in 100 years. Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president. "It wasn't him." He added that the recovery under Mr.


USA companies bemoan impact of Trump trade tariffs

11 Sep, 2018

Ford added in its statement that it's committed to "growing its US vehicle lineup - including introducing all-new trucks, utilities, hybrids and fully electric vehicles". China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute.


Congress Bharat Bandh evokes mixed response; BJP calls it failure

11 Sep, 2018

Delhi's state government was receiving Rs 15.68 per litre as VAT/sales tax on petrol sold on April 1. After refusing any cut in sales tax for over two years, the LDF government finally slashed the sales tax. "The objective to observe bandhwas not to trouble people, but to fight for their cause as they are living in the most trying times", said Karnataka Pradesh Congress Committee President Dinesh Gundu Rao, according to NDTV .


Elon Musk Smoking Weed with Joe Rogan

10 Sep, 2018

The move came a day after CEO Elon Musk appeared in a live webcast with entertainment host Joe Rogan , in an interview which some deemed "self-destructive" and "out of control". " Elon Musk is just smoking it out in the open, knowing that he uses his very vague drug policy as a way to fire people that are a threat to him". The price dipped as low as $254.02 before rebounding to the $260-$270 range at midday.


Alibaba's Jack Ma to step down in September 2019

10 Sep, 2018

The succession plan will unite Alibaba's two biggest roles for the first time since Ma gave up his CEO title in 2013 to focus on being chairman and groom lieutenants, including Zhang, a Shanghai-educated certified accountant. On September 3, the Andhra Pradesh Economic Development Board (APEDB) signed a Memorandum of Understanding (MoU) with Alibaba Cloud to adopt cloud computing frameworks within the government model.


Trump says he’s ready to hit China with $267bn in additional tariffs

10 Sep, 2018

Even with US tariffs targeting $50 billion of Chinese exports in effect for their first full month in August, China's exports to the United States still accelerated, growing 13.2 percent from a year earlier from 11.2 percent in July. The president, speaking to reporters aboard Air Force Once, said he's in the middle of reshaping America's trade policy on a number of fronts, from Canada and Mexico nearby, to China, South Korea and Japan overseas.


CBS board discussing Moonves exit, a clearer way for a sale

09 Sep, 2018

The board wants to be able to take back some of the compensation if the harassment allegations against Moonves are confirmed, CNBC said. CNBC is reporting that Leslie Moonves in now in settlement talks with the CBS board of directors about leaving the company.


Trump turns up the heat in trade conflict with China

08 Sep, 2018

The number missed analysts' forecasts that shipments from the world's largest exporter would rise 10.1 percent, slowing only slightly from 12.2 percent in July. And I hate to say that, but behind that, there's another $267 billion ready to go on short notice if I want. "That totally changes the equation". Kudlow's comments indicated the United States is looking for a deal with China to end the trade war between the world's two biggest economies.


Mercedes to launch an all-electric vehicle in challenge to Tesla

08 Sep, 2018

In the more economical driving modes, the haptic accelerator pedal that prompts the driver to conserve power plays an important role. The company meant to invest 10 billion euros ($12 billion) in its electric-vehicle push but has ended up spending "more than that", he said, without specifying figures.


Bitcoin falls off a cliff again as cryptocurrency slump deepens

08 Sep, 2018

Cryptocurrency markets seemed to respond negatively to the news. The next key level to watch for Bitcoin is US$5,000, according to Innes, who said a drop below that threshold may cause losses to accelerate. Instead, the bank will reportedly focus on a custody product for digital currencies created to serve large, institutional clients. "Their name carries weight across the globe", said Ryan Rabaglia, head trader at digital asset brokerage OSL in Hong Kong, referring to Goldman Sachs .


Trump warns of tariffs on another $267 billion of Chinese imports

08 Sep, 2018

Mobile phones, the biggest United States import from China , have so far been spared, but would be engulfed if Trump activates the $US267 billion tariff list. "The Chinese, you know, may find themselves more isolated if they don't come into the global process", Kudlow said in an interview with CNBC . "But I will say this: the world trading system is broken".


Nafta Talks Restart as Trump, Congressional Clock Boost Pressure

07 Sep, 2018

Canadian officials have lately adopted an adamantly nationalist stance in trade negotiations, with Canada's foreign minister Chrystia Freeland pointing out that she is "paid in Canadian dollars". European officials are watching the NAFTA negotiations closely for a sign of how Trump and his team will approach trade talks with Europe. The battle with Canada is building as the White House also prepares to roll out new tariffs on products from China that make up some US$200 billion in annual ...



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