Trump and Trudeau upbeat about prospects for NAFTA deal by Aug 31

01 Sep, 2018

Most of Mexico's auto exports should comply with new rules drawn up under the agreement struck between Mexico and the United States in the renegotiation of the North American Free Trade Agreement (NAFTA), Mexico's economy minister said on Monday.


USA will sign trade deal with Mexico, continue Canada talks

01 Sep, 2018

They have tremendous trade barriers and they have tremendous tariffs. She and Lighthizer met late Thursday night, with Freeland telling reporters that she had a "couple things to say". This week those meetings continued at all levels. Lighthizer said the talks with Canada were "constructive, and we made progress". Talks between USA and Canadian officials failed to produce an agreement Friday.


Trump cancels pay raises for federal employees

31 Aug, 2018

Under the complex federal pay law, in that case such a message must be issued by the end of August to prevent a much larger raise from taking effect automatically should no decision be made by the end of the year. "We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets can not sustain such increases", Trump wrote in a letter to House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell.


Coca-Cola digs into coffee with $7b Costa purchase

31 Aug, 2018

The Costa purchase is Coca-Cola's biggest push into operating stores, just as weak consumption in the United Kingdom leads a series of retailers such as BHS out of business. Whitbread had meant to spin off the chain as a separate firm, but said a straight sale was more profitable. Costa outranks Starbucks in the United Kingdom and is expanding in markets such as China.


Over 99 per cent of demonetised notes back with RBI

30 Aug, 2018

The RBI's annual report on Wednesday found 99.3% of the money withdrawn from circulation had been returned to banks, indicating either there was less "black money" than expected, or that schemes to launder money were more successful than thought.


Elon Musk on Twitter is now a labor issue

30 Aug, 2018

That's according to a letter dated August 6 from Unsworth's attorney sent to CNBC . The Tesla boss launched an astonishing attack on Unsworth in July after the acclaimed British diver dismissed a mini-submarine Musk's team built for the rescue effort as a " PR stunt ".


Toyota to invest $500m in Uber at $72b valuation

29 Aug, 2018

Toyota Motor Corporation has announced that they are investing 500 million Dollars in Uber. The technology will be deployed in Uber's network from 2021, according to Reuters . Uber's app allows users to book taxi rides on their smartphones, with the company taking a cut of about a quarter from the driver's fare. TechCrunch confirmed the Toyota-Uber agreement with a source familiar with the deal.


New trade deal will affect farmers and miners in MN

29 Aug, 2018

The deal would require 75 per cent of cars to be made in the NAFTA region, up from the current level of 62.5 per cent, a U.S. trade official said. In response, Mexico slapped tariffs on $3 billion of United States goods, including steel, pork, apples , potatoes, bourbon and different types of cheese.


US, Mexico Said Poised to Reach NAFTA Deal as Soon as Monday

27 Aug, 2018

Trump tweeted on Saturday morning that the United States' "relationship with Mexico is getting closer by the hour". The US-Mexico talks for weeks focused on crafting new rules for the automotive industry, which Trump has put at the centre of his drive to rework the 24-year-old deal he says has been a " disaster " for American workers.


Global stocks edge higher as focus turns to Jackson Hole

27 Aug, 2018

Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. White House audio recordings show that President Richard Nixon pressured then-Fed Chairman Arthur Burns to keep interest rates low to boost Nixon's re-election chances in 1972.


Texas Exports More Oil Than It Imports for First Time in History

26 Aug, 2018

The West Texas Intermediate (WTI) for October delivery rose 2.02 USA dollars to settle at 67.86 dollars a barrel on the New York Mercantile Exchange. While Brent October delivery traded at 74.36 dollars at ICE Futures Exchange, up 1.73 dollars or 2.38 percent from its Tuesday settlement.


US bull market becomes longest in history

26 Aug, 2018

The index's bull-market run is now 3,452 days old and today would become the longest such streak in history, at least for some market watchers. Analysts have recently pointed to a variety of potential threats to the current bull market , including a global economic slowdown prompted by the myriad Trump-triggered trade conflicts.


Pope says church shamed by ‘repugnant’ Irish abuse

26 Aug, 2018

It will be the first public statement by Pope Francis in Ireland and will be watched around the world, with many questioning whether he will make reference to the child abuse scandals . Pope John Paul II visited the shrine on the last papal tour of Ireland in 1979. Ireland's Prime Minister Leo Varadkar, who spoke before the Pope, did not skirt the current abuse revelations that have emerged in Pennsylvania.


Scott Morrison selected as Australia's new prime minister

26 Aug, 2018

Mr Morrison, the current treasurer, won an internal ballot 45-40 over former Home Affairs Minister Peter Dutton , said Liberal Party whip Nola Marino. Turnbull blamed his demise on "vengeance, personal ambition, factional feuding" in his party, led by conservative lawmakers including former prime minister Tony Abbott, the man he toppled in a party-room coup in September 2015.


Eshaq Jahangiri: Iran looking to bypass Trump sanctions

23 Aug, 2018

On Sunday, Iran's OPEC envoy, Kazem Gharibabadi, countered, lashing out against the US pressure and a Saudi proposal to increase its production to take over Tehran's OPEC export share. Trump has called on OPEC to pump more oil to bring down prices. Efforts by the remaining signatories - European Union members Britain, France and Germany plus China and Russian Federation - to avoid the agreement's collapse are struggling as Washington has said any firms dealing with Teheran will be barred ...


USA stocks push higher as U.S. delays auto tariff move

23 Aug, 2018

There had been fears that China would suffer a hard landing after years of supercharged economic growth, yet Beijing has managed to record slower growth without a total collapse. The length of a bull market is less important than the fundamentals of valuation and investor sentiment. For example, the market still seems to be in wait-and-see mode on a possible slowdown from tariffs, despite multiple actions by Trump against leading trading partners.


Erdoğan: Currency crisis an "attack" on Turkey

23 Aug, 2018

The court ruled that Brunson would remain under house arrest, rejecting the third such request, lawyer Cem Halavurt told AFP, saying he would appeal again in 15 days. "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!" He was formally indicted in March on charges of espionage and having links to terrorist organizations.


Breaking Down The Legal Implications Of Cohen's Plea Deal, Manafort's Conviction

23 Aug, 2018

Mr Davis set up a website to collect donations for Mr Cohen's legal expenses. The 2008 Obama campaign paid a $375,000 fine in 2013 to settle violations of a rule that contributions made 20 days before an election had to be reported within 48 hours.


Trump 'Not Thrilled' with Fed Chairman Powell Over Rate Hikes

22 Aug, 2018

Neil Wilson, the chief market analyst at Capital.com, said in an email on Tuesday morning: "Trump's not thrilled with the Fed raising rates ". In an interview with Reuters , the president said he was not thrilled with the rate hikes under new Fed boss Jerome Powell, repeating comments made last month about the bank's tightening measures.


Actions better than words, says Russian Federation after Trump offer

22 Aug, 2018

The Trump administration added to its growing list of sanctions against Russian Federation on Tuesday by blacklisting two companies and two individuals suspected of trying to circumvent USA sanctions imposed in June in response to cyberattacks.


US President Trump takes aim at Federal Reserve for rates hike

22 Aug, 2018

We're going to win. According to Bloomberg , Trump complained that Powell - the president's own pick for the Fed's top job - was raising interest rates instead of delaying rate hikes and keeping monetary policy loose. Additionally, Congress could move to impeach a member of the Board of Governors if the proper grounds exist, or to change the charter of the Board to grant greater authority over monetary policy to the political branches.


Tesla shares slide as Elon Musk admits to "difficult and painful year"

20 Aug, 2018

Now, the combative Musk granted a remarkable interview to The New York Times in which he reportedly choked up several times , acknowledged he was working as many as 120 hours a week, said he's using Ambien to help him sleep and called the past year "the most hard and painful year of my career".


Italy prepares day of mourning for bridge victims

19 Aug, 2018

Italy's government, however, started proceedings on Friday to begin stripping the toll bridge's operator, Autostrade, of concessions it holds to operate toll highways. Saturday is a day of national mourning. Some coffins have already been placed in a large hall for the state funeral, and family members visited them on Friday.


Bitcoin dips below $6,000 amid cryptocurrency sell-off

19 Aug, 2018

The flagship cryptocurrency had a positive session yesterday, with its price enjoying a continued recovery from the one-and-half-month low it had hit on Tuesday. At the time of writing, EOS/USD traded 0.20 percent higher at $4.5832. As the Turkish Lira has fallen more than 20% in the last few days, many people in Turkey are viewing Bitcoin as a more stable store of value than any other option that they have.


Google Employees Protest Secretive Plans for a Censored Chinese Search Engine

19 Aug, 2018

The letter , which has circulated through Google's internal communications, has gained more than 1,400 signatures, according to the Times . A Google representative was not immediately available for comment. The Intercept's report stated that Google had diverted resources to create custom apps for China, which had been demonstrated to the members of the Chinese government.



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