Money


Nafta Talks Near Accord on Key Points, Mexican Official Says Nafta Talks Near Accord on Key Points, Mexican Official Says
- August 25, 2018

In the meantime, Canada has remained sidelined from the talks. Mexican and USA negotiators are close to agreeing on a five-year phase-in period for the proposed changes. They expect a breakthrough on autos and some other bilateral issues. But putting an announcement on the White House calendar shows that administration officials are bullish on their prospects of working out any remaining issues with Mexico in the next couple of days. (more...)
White House rejects Turkey's 'ransom' offer for pastor White House rejects Turkey's 'ransom' offer for pastor
- August 24, 2018

U.S. -Turkey business groups have warned that a political dispute between the North Atlantic Treaty Organisation allies was affecting investor confidence and had forced some firms to suspend investment plans. "I believe that as long as you stand tall our flag will not fall, our call to prayer will not fall silent and this homeland of ours will not be divided", the Hurriyet newspaper reported him as saying. (more...)
Sears to close 46 more stores nationwide by November Sears to close 46 more stores nationwide by November
- August 24, 2018

This is the third round of store closures the company has announced this year. The Savannah Sears store will close its doors in November after more than seven decades of business in the Hostess City, according to a statement released by Sears Holdings. (more...)
Cohen pleads guilty, implicates Trump Cohen pleads guilty, implicates Trump
- August 24, 2018

Davis has said he believes Cohen had information that would be of interest to Mueller, and in his interview with MSNBC on Wednesday suggested that it was directly tied to Russian attempts to interfere in the 2016 election. And just because Manafort and Cohen went down on white-collar crime charges doesn't mean that Trump is safe - or that Mueller's investigation won't eventually lead back to Russian Federation. (more...)
Can Trump bend the Fed to his will? Can Trump bend the Fed to his will?
- August 23, 2018

Most analysts think that Trump's criticism will have little effect on the Fed's rate-hike plans, given the USA central bank's legal independence. "I'm not thrilled ", the president, who himself appointed Powell to lead the central bank, told Reuters on Monday . (more...)
Google Pixel 3 XL wireless charging confirmed as camera samples leak out Google Pixel 3 XL wireless charging confirmed as camera samples leak out
- August 23, 2018

A video from Twitter account Khoroshev shows what appears to be a functioning Pixel 3 XL and it clearly shows an animation that suggests the phone has Qi wireless charging built-in. The smartphone will continue with its Active Edge squeeze functionality backed by a 3,430mAh battery. The photos confirm the design of the device including the single back camera and the rear fingerprint sensor. (more...)
Amid tensions, US, China resuming trade talks Amid tensions, US, China resuming trade talks
- August 23, 2018

United States and Chinese officials are set to resume contentious trade talks on Wednesday (Aug 22) under the cloud of a prediction by US President Donald Trump that there would be no real progress. After negotiations in May, Beijing believed it had assurances from the USA that tariffs were off the table. The US team is led by undersecretary of the treasury department David Malpass, while Wang Shouwen, vice-minister for commerce is leading the Chinese team. (more...)
Crude oil futures fall on weak global cues Crude oil futures fall on weak global cues
- August 23, 2018

Iran's output was the lowest since April previous year at 3.75 million bpd, with buyers in Japan, South Korea and India already dialing back orders. On Wednesday, U.S. Yet an 11-million-barrel sale over two months likely won't do much to offset the impact of sanctions, which the administration estimates will remove 700,000 to 1 million barrels a day of Iranian crude from the global market by early November. (more...)
Article image Britain, EU to step up pace with continuous Brexit talks Article image Britain, EU to step up pace with continuous Brexit talks
- August 23, 2018

He is due to say: 'I remain confident a good deal is within our sights, and that remains our top, and overriding, priority. Michel Barnier , the EU's chief Brexit negotiator, has accused British politicians of trying to pin the blame for the consequences of a "no deal" scenario on Brussels. (more...)
US imposes fresh sanctions for Russian cyber-related activity US imposes fresh sanctions for Russian cyber-related activity
- August 23, 2018

Despite a lack of tangible improvement in relations, which are at their lowest ebb since the end of the Cold War, Putin on Wednesday reiterated that the meeting was "useful". As Russia buys gold , it continues to sell US Treasurys. "We will not hesitate to do so if its conduct does not demonstrably and significantly change". (more...)
Zuma influence- peddling inquiry opens as judge seeks more witnesses Zuma influence- peddling inquiry opens as judge seeks more witnesses
- August 23, 2018

South Africa has lauched a public inquiry to probe into alleged corruption under Jacob Zuma's administration as president. The Zondo Commission will begin hearing testimony into allegations of widespread corruption and abuse of power by senior government officials including former President Jacob Zuma . (more...)
Bull market charging toward record Bull market charging toward record
- August 23, 2018

Retailers were in focus again and several of them were moving after reporting their latest quarterly results. "Investors still seem relatively optimistic about growth, and you're seeing that expressed in the market today". Horton also rose between 3.8 percent and 5.5 percent. Advancing issues outnumbered declining ones on the NYSE by a 1.17-to-1 ratio; on Nasdaq, a 1.49-to-1 ratio favored advancers. (more...)
Trump Won’t Acknowledge the Independence of the Fed Trump Won’t Acknowledge the Independence of the Fed
- August 22, 2018

Speaking at a fundraising event in the Hamptons, Trump said he wanted Powell to start acting like a cheap-money chairman while speaking about the recent increase in interest rates . The president publicly questioned the interest-rate hikes in July. Sure enough: "U.S. stocks dipped after Trump's comments to Reuters ". USA businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout ... (more...)
Lira steady after Bolton says Turkey made 'big mistake' over pastor Lira steady after Bolton says Turkey made 'big mistake' over pastor
- August 22, 2018

In Turkey , the latest fad is to destroy your Apple iPhone on video in order to support Turkish President Recep Tayyip Erdogan . Turkey and the USA are now experiencing rocky relations following Washington's imposition of sanctions on two government ministers for not releasing American pastor Andrew Brunson, who faces terrorism-related charges in Turkey. (more...)
Donald Trump: Is the USA president in trouble? Donald Trump: Is the USA president in trouble?
- August 22, 2018

The judge in the case declared a mistrial for ten other financial charges after the jurors were unable to reach a verdict . The investigation first came to the fore in April , when investigators working under referral from special counsel Robert Mueller raided Cohen's home , office and hotel. (more...)
European Union pledges to help Iran out of U.S. oil ban European Union pledges to help Iran out of U.S. oil ban
- August 22, 2018

Without an exemption Total. In a meeting with OPEC Secretary General Mohammad Barkindo, a senior Iranian diplomat urged him to keep the group out of politics, Reuters reported. But in May 2018, the French oil giant announced its decision to pull out of the deal with Iran to avoid U.S. sanctions. The decision by the French energy giant to quit its multi-billion-dollar gas project was yet another blow to Iran's economy which is now facing a number of challenges. (more...)
Trump ‘not thrilled’ with Fed chairman over interest rate hikes Trump ‘not thrilled’ with Fed chairman over interest rate hikes
- August 22, 2018

Almost eight in 10 economists believe the Fed's interest rate policies are "about right", according to a survey released Monday by the National Association for Business Economics. "During this period of time I should be given some help by the Fed". This increase has been followed by roughly a half-dozen subsequent increases in lending rates over the course of the past thirty-two months, including similar increases that have taken place since Powell took Janet Yellin's place as Chairman. (more...)
U.S. imposes fresh sanctions over Russian cyber attacks U.S. imposes fresh sanctions over Russian cyber attacks
- August 22, 2018

Vice President Mike Pence and Secretary of State Mike Pompeo. Meanwhile, Britain's foreign secretary, Jeremy Hunt , called on the European Union to ensure that its sanctions against Russia were comprehensive, in response to accusations Moscow poisoned a former Russian spy in Britain, using a nerve agent. (more...)
Jon Stewart comes to aid of goats found on subway tracks Jon Stewart comes to aid of goats found on subway tracks
- August 21, 2018

It captioned the image: "Two very baaaaad boys". "We're told they were munching grass", MTA spokesman Jon Weinstein told the Times in what is probably the best update any MTA spokesperson has ever had the pleasure to deliver. "BREAKING: Wayward goats faster than N train". Later, Farm Sanctuary arranged to pick the animals up for transport to the sanctuary in Watkins Glen, N.Y., in the bucolic environs of the Finger Lakes. (more...)
Contact Lenses Are a Surprising Source of Pollution Contact Lenses Are a Surprising Source of Pollution
- August 21, 2018

After noticing that very little research has looked at what happens to old contact lenses, Arizona State University researchers conducted a survey of 139 individuals, both lens wearers and non-wearers. He said he thinks the research can help "start a dialogue with the producers of contact lenses and to work with them to take better care of the material flow" - and to encourage them to include instructions on their packaging to let consumers know to toss them in the trash. (more...)

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