Finance

Finance OPEC rift deepens ahead of crucial meeting
Author: 0 OPEC rift deepens ahead of crucial meeting

Iran has edged away from a threat to veto any agreement that would raise output, while Saudi Arabia has put forward a plan that would add 600,000 barrels a day - about 0.5 percent of global supply - smaller than the 1.5 million increase Russian Federation proposed.

Finance Europe's tariffs on American exports take effect
Author: 0 Europe's tariffs on American exports take effect

The goods targeted include typical American products such as bourbon, peanut butter and orange juice, in a way that seems designed to create political pressure on President Donald Trump and senior USA politicians. One of the most frequently discussed items on the EU's list is bourbon, a specialty from Kentucky, the home state of Senate Majority Leader Mitch McConnell, a Republican.

Finance Online sales tax ruling to boost state, local budgets
Author: 0 Online sales tax ruling to boost state, local budgets

Before that, retailers didn't have to collect state sales taxes if it was shipping items to someone in a state where the business didn't have a physical presence . The retail trade association argued in a friend-of-the-court brief past year that the court's 1992 Quill Corp . v. "For years, this situation has resulted in substantial loss of revenue to states, thus increasing the tax burden on those who do pay the taxes they owe", Walz explained.

Finance Cryptocurrency exchange Bithumb is hacked in $36m heist
Author: 0 Cryptocurrency exchange Bithumb is hacked in $36m heist

To further mitigate risk, Bithumb has announced that all deposits and withdrawals will be stopped until further notice , allowing Bithumb to get its security systems back under control. In its announcement, Bithumb didn't disclose the exact details of the coins that were affected in the hack and in what quantities. "[Notice for the restart of service] We are transferring all of the assets to the cold wallet to build up the security system and upgrade DB".

Finance As Trump Threatens $200 Billion in New Tariffs, China Rattles Saber
Author: 0 As Trump Threatens $200 Billion in New Tariffs, China Rattles Saber

It gave no details. Beijing immediately retaliated by matching the United States levy, but Mr Trump asked officials on Monday to identify $200bn of Chinese goods to be subject to a 10% tariff . Economists warn Washington might be undercutting its negotiating position by alienating potential allies. The world's third largest smartphone manufacturer, Huawei has longed for its phones to be featured on the shelves of major US carriers.

Finance Trump threatens 20-per-cent tariff on European Union cars
Author: 0 Trump threatens 20-per-cent tariff on European Union cars

European Union steel and aluminium exports now facing U.S. tariffs are worth a total of €6.4 billion. In two weeks, the U.S. is due to start taxing $US34 billion in Chinese goods. The tariffs, which took effect at midnight, further fuelled jitters on world stock markets that were already alarmed by trade tensions between the United States and China .

Finance After India, now European Union slaps additional tariffs on the US
Author: 0 After India, now European Union slaps additional tariffs on the US

A raft of retaliatory tariffs from the European Union against stiff metals duties imposed by US President Donald Trump will come into effect on Friday, a top EU official said. "The rules of worldwide trade that we have developed over the years with our American partners can not be violated without a reaction from our side", Malmstrom said.

Finance Intel has paths around Trumps China tariffs, analysts say
Author: 0 Intel has paths around Trumps China tariffs, analysts say

China has underestimated President Donald Trump's resolve to press ahead with tariffs unless Beijing changes its " predatory " trade practices, a top US trade adviser said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world's economic superpowers.

Finance Iran may accept OPEC oil production increase with conditions
Author: 0 Iran may accept OPEC oil production increase with conditions

After sitting down with several counterparts, Iranian Minister Bijan Namdar Zanganeh said he was optimistic about the outcome of the OPEC meeting, a marked contrast to comments on Tuesday when he said a deal was unlikely. "These prices are creating stress throughout global economy, as it is giving pain to us in India". Observers say the participating countries could simply agree to stop exceeding their quotas for cutbacks, and stick to the agreed target of trimming production by 1.8 million ...

Finance China accuses Trump of 'blackmail' after new tariffs threat
Author: 0 China accuses Trump of 'blackmail' after new tariffs threat

In addition to the second set of tariffs, the United States president also threatened to hit China with a third wave of measures - an additional 10% on another $200 billion worth of Chinese goods - if China rolled out its own tariffs. Mr Trump directed the US Trade Representative's office to begin drawing up a list totalling US$200 billion in Chinese goods to be hit with a 10% tariff.

Finance Audi CEO arrested in Germany over diesel emissions scandal
Author: 0 Audi CEO arrested in Germany over diesel emissions scandal

The 55-year-old German is being held due to the risk that he could prevent evidence from being found, the prosecutor's office has said . In a statement to USA Today, Audi said it has no further comment to make on the matter, adding that the presumption of innocence continues to apply for Stadler.

Finance Trump administration approves $50 billion tariffs on China
Author: 0 Trump administration approves $50 billion tariffs on China

China will respond quickly to protect itself if the United States hurts its interests with fresh trade tariffs , a foreign ministry spokesman has said . "It's going to take a little bit of toughness at the beginning". He added that he told the president to do it "a few weeks ago". He added that the penalty is created to punish China for stealing American intellectual property and technology.

Author: 0 Audi boss Rupert Stadler arrested in dieselgate investigation

Stadler was under investigation for malpractice in the emissions cheating scandal at Volkswagen . Last week, the Munich prosecutor confirmed that Stadler was under investigation. The probe of Stadler focuses on cars sold in Europe that were believed to be equipped with software which turned emissions controls off during regular driving.

Finance IG report 'destroys' ex-FBI Director Comey
Author: 0 IG report 'destroys' ex-FBI Director Comey

It may also fault former Attorney General Loretta Lynch and others. Mueller promptly removed Strzok from his staff. Page left Mueller's staff before the texts became public. The Justice Department inspector general said the office was "deeply troubled" by the content of these messages and said they "potentially indicated or created the appearance that investigative decisions were impacted by bias or improper considerations".

Finance US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices
Author: 0 US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices

US President Donald Trump says oil prices are too high and blames OPEC . The ideas, discussed informally among ministers and delegates ahead of next week's meeting in Vienna , comes as Riyadh tries to rally support for a production increase in the face of staunch opposition from Iran, Venezuela and Iraq, and pressure from Washington, the same people said, asking not to be named discussing private conversations.