US President Donald Trump ‘destabilising’ oil market, says Iran

Trump's order for oil producing countries to raise output "is very insulting to the people of these countries and would undermine their national sovereignty and destabilize the oil market", he said . It said that the United States was "not granting ... More..

by | Published more than a month ago
Oil prices climb on global demand, U.S. sanctions on Iran
by | Monday, July 09, 2018

Oil prices climb on global demand, U.S. sanctions on Iran

The South Korean embassy in Tehran on Saturday denied that the country has stopped oil imports from Iran , IRAN Daily reported . Oil prices seesawed in a nervous trading on Friday as the United States slapp...More..

by | Monday, July 09, 2018

Starbucks to eliminate plastic straws by 2020

The rollout for the new adult "sippy cups" is expected this fall. Starbucks said that it will begin using the strawless alternatives in Seattle and Vancouver stores by this fall, and expand to the US and ...More..

USA adds 213,000 jobs in June, unemployment rate jumps…
by | Sunday, July 08, 2018

USA adds 213,000 jobs in June, unemployment rate jumps…

But steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases. The broader USA economy appears to be on sturdy ground. "Leis...More..

U.S. trade measures will backfire
by | Sunday, July 08, 2018

U.S. trade measures will backfire

The American tariffs are the result of President Donald Trump's bid to protect United States jobs and stop "unfair transfers of American technology and intellectual property to China". China's commerce minist...More..

by | Sunday, July 08, 2018

June jobs report, July 6, 2018

Wages were being carefully watched by economists for signs of inflationary pressures building in the economy, with average hourly earnings forecast to have risen 0.3% over last month in June and 2.8% over the s...More..

Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says
by | Saturday, July 07, 2018

Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says

On Monday, Trump took another swipe at OPEC , accusing the oil organization of not helping the U.S. to reduce domestic gasoline prices . Mr. Trump tweeted Wednesday: "The OPEC Monopoly must remember that ...More..

China court bans Micron chip sales in patent case: Taiwan's UMC
by | Saturday, July 07, 2018

China court bans Micron chip sales in patent case: Taiwan's UMC

In a statement released by UMC on Tuesday night, it said it received a document from the Fuzhou Intermediate People's Court of China saying that it has issued a preliminary injunction to bar Micron from sel...More..

Trump unleashes trade war with latest tariffs on China
by | Saturday, July 07, 2018

Trump unleashes trade war with latest tariffs on China

On Thursday, a spokesperson for China's ministry of commerce said the USA will be "opening fire on the whole world and also opening fire on itself". There did not appear to be any direct instructions to hold up...More..

HNA chairman Wang died falling off wall in France, says police source
by | Friday, July 06, 2018

HNA chairman Wang died falling off wall in France, says police source

Fellow chairman, Chen Feng, often handled publicity. Another police source told The New York Times that Wang's death was being investigated but that the police had no immediate suspicions of foul play. HNA ...More..

Stop trying to 'play nice' with Trump, Mexican ex-congressman tells Canada
by | Friday, July 06, 2018

Stop trying to 'play nice' with Trump, Mexican ex-congressman tells Canada

Well see where it goes.”. "I certainly understand and sympathize with the Canadian position of Prime Minister Trudeau that if you are going to be faced with a unilateral set of tariffs being imposed by the Un...More..

United States tariffs take effect, China warns of 'counterattack'
by | Friday, July 06, 2018

United States tariffs take effect, China warns of 'counterattack'

Although the Chinese statement did not outline targets, Beijing has promised to slap levies on an equal amount of American goods, including heartland staples like soybeans, corn, pork and poultry - a move Pre...More..

PBOC governor says yuan fluctuations due to stronger dollar and external uncertainties
by | Friday, July 06, 2018

PBOC governor says yuan fluctuations due to stronger dollar and external uncertainties

Among equity markets, Hong Kong dived as much as 3.3 percent to nine-month lows, hit also by USA curbs on China Mobile. After the comments, the onshore yuan gained 0.2% to 6.6500 per dollar. Beijing has said it...More..

Oil prices climb on tightening USA market
by | Thursday, July 05, 2018

Oil prices climb on tightening USA market

USA light crude jumped $1.17 to US$75.11 a barrel, its highest since November 2014. "The OPEC Monopoly must remember that gas prices are up & they are doing little to help", Trump wrote on his personal Twitte...More..

Merkel will back lower EU tariffs on imported U.S. cars
by | Thursday, July 05, 2018

Merkel will back lower EU tariffs on imported U.S. cars

In an address to Germany's lower house of parliament Wednesday, Merkel cited President Donald Trump's threat of targeting USA imports of cars from Europe, which risk hitting Germany the hardest. "This is taking...More..

Trump's tweets hurt oil prices more than help, says StanChart
by | Thursday, July 05, 2018

Trump's tweets hurt oil prices more than help, says StanChart

India, South Korea and Turkey - all allies or friends of the United States - are major importers of oil from Iran and are unlikely to be able to switch suppliers entirely by November. oil production; the 1978-8...More..

Look at services when griping about trade deficit — European Union to Trump
by | Thursday, July 05, 2018

Look at services when griping about trade deficit — European Union to Trump

Earlier, Axios quoted a source as saying that Trump allegedly told his aides on several occasions that he wants the USA to pull out of the WTO, branding U.S. "WTO has its flaws, but the 'United States Fair a...More..

China presses Europe for anti-US alliance on trade
by | Thursday, July 05, 2018

China presses Europe for anti-US alliance on trade

European Commission spokesman Margaritis Schinas said the USA investigation into the possibility of auto tariffs "lacks legitimacy, factual basis and violates global trade rules", like last month's US tariffs...More..

Europe rejects alliance with China to fight Trump on trade
by | Thursday, July 05, 2018

Europe rejects alliance with China to fight Trump on trade

China and the United States are expected to launch a potentially damaging trade war, but Beijing could hit its rival with tariffs first. A statement issued by China's State Council on June 16 said that reta...More..

Canada retaliates, starts tariffs against the US
by | Wednesday, July 04, 2018

Canada retaliates, starts tariffs against the US

The group's analysis of the harm each US state could suffer from retaliation by USA trading partners painted a gloomy picture that could bring pressure on the White House from Republicans ahead of congressional...More..

Canada hits $13 billion of USA goods with new tariffs
by | Wednesday, July 04, 2018

Canada hits $13 billion of USA goods with new tariffs

Until Lopez Obrador is sworn in, members of the current Mexican administration will continue to serve as the country's lead NAFTA negotiators, the official said . " We've been very nice to Canada for many ye...More..

by | Wednesday, July 04, 2018

Crude Price Falls On Saudi Arabia Production Increase, CAD Follows

The planned production increase was meant to balance the market as global oil prices have been steadily rising, edging closer to $80 per barrel last month. OPEC members agreed on June 22 to increase collectiv...More..

Mexico's President-Elect Hopes To 'Reach An Understanding' With Trump
by | Wednesday, July 04, 2018

Mexico's President-Elect Hopes To 'Reach An Understanding' With Trump

Olga Sanchez Cordero, a retired Supreme Court judge who was expected to be named interior secretary if Lopez Obrador wins, recently told Reforma newspaper that the amnesty would be a "pacification strategy"...More..

Walmart boycott campaign launched after outcry over ‘Impeach 45’ clothing
by | Wednesday, July 04, 2018

Walmart boycott campaign launched after outcry over ‘Impeach 45’ clothing

Walmart's third-party marketplace, which has millions of items available from various independent sellers, also has "Make America Great Again" merchandise - showing how diverse the site can be at any given time...More..

by | Wednesday, July 04, 2018

EU Warns US Imposing Car Import Taxes Could Backfire

Growing strains between the United States and its worldwide trade partners could have a disproportionate impact on South Carolina's economy, potentially hitting local workers and consumers in their wallets. On ...More..

Amazon Prime Day 2018: Whole Foods, 36 Hours, More Countries
by | Wednesday, July 04, 2018

Amazon Prime Day 2018: Whole Foods, 36 Hours, More Countries

Sahi said Prime Day has generated tremendous interest from customers in tier 2 and tier 3 markets from Alwar in Rajasthan to Bagdogra in West Bengal. The sale has been around since 2015, which marked the compan...More..

A lot of Clevelanders are buying LeBron James' Lakers jersey
by | Wednesday, July 04, 2018

A lot of Clevelanders are buying LeBron James' Lakers jersey

The 2,600-pound banner was originally installed in 2014 when James returned to the Cavaliers from the Miami Heat. For the most part they seemed grateful to James for leading the team to their 2016 Championship ...More..

Saudi King made no promises on oil production despite Trump's request
by | Tuesday, July 03, 2018

Saudi King made no promises on oil production despite Trump's request

Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher. Meanwhile, Iranian oil production is expected to fall from the fourth quarter of 2018 as USA sanctions ...More..

Mazda joins Toyota in condemning Trump's car-tariff plans
by | Tuesday, July 03, 2018

Mazda joins Toyota in condemning Trump's car-tariff plans

Last month, the Trump administration said it was considering imposing a 25% tariff on imported cars. "Increased import tariffs could lead to a smaller GM , a reduced presence at home and risk less - not ...More..

by | Tuesday, July 03, 2018

Iran vows to foil U.S. bid to block oil exports

On Fox, Trump directed blame at the Organization of Petroleum Exporting Countries, of which Saudi Arabia is a member. Iran's crude production was around 3.8 million barrels per day in May, according to OPE...More..