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Stories about Finance

Aug 14 2018

Erdogan Wants Boycott of US Electronics

The dispute between the North Atlantic Treaty Organisation allies - brought to a new intensity by Turkey's holding of an American pastor for two years - has raised ques...

Aug 13 2018

Saudi Arabia’s Wealth Fund Looking To Invest In Tesla Buyout

Musk published a blog post confirming a report that Saudi Arabia's Public Interest Fund would be the previously unknown party bankrolling the move to re-privatize...

Aug 11 2018

USA tariffs hike adds to Turkey's economic problems

Turkey remains at loggerheads with the United States over the detention for the last two years of American pastor Andrew Brunson and a host of other issues. "When it co...

Aug 10 2018

Russian prime minister warns of 'economic war' over US sanctions

The second, which can be selectively activated after 90 days if Moscow fails to provide " reliable assurances " it will no longer use chemical weapons and blocks on-si...

Aug 10 2018

Indian Oil buys U.S. crude to part replace Iran cargoes

Brent crude futures were up 14 cents at $72.42 barrel by 0855 GMT, after having dropped by more than 3 percent on Wednesday. Markets remained supported by the introduc...

Aug 08 2018

Elon Musk Talked With SoftBank About Tesla Investment in 2017

Later in the day it became clear that Musk was in fact serious about the bid to take Tesla private when Tesla published a blog post in Musk's name addressed to all empl...

Aug 08 2018

Oil Prices Slide As China Imposes 25 Tariff On U.S

Last week Trump threatened to jack up the tariff rate on the next $200 billion in Chinese imports it plans to target to 25 percent, from the previously stated 10 percen...

Aug 07 2018

Elon Musk considers taking Tesla private in tweet, shares rise

He said he may take the company private at $420 a share and already has secured funding. " Funding secured ", Musk tweeted , following up with "good morning" and a smile...

Aug 06 2018

RBC Oil Market Will Tighten Amid Significant Loss Of Iran Crude

U.S. West Texas Intermediate ( WTI) crude CLc1 futures increased by 6 cents, or 0.1 percent, to $67.72 a barrel. Supply to the market - both domestically and for expor...

Aug 04 2018

Trump pressures China with threat to crank up size of proposed tariffs

Trump's tariffs target goods the White House says benefit from industrial policies such as "Made in China 2025", which calls for developing Chinese competitors in robot...

Aug 03 2018

This Weekend's Tax Holiday is for More Than School Supplies

Materials used in a trade or business are not exempt under the sales tax holiday . This is also the bill that provided the new $100 per child tax rebate in 2018. The Dep...

Aug 02 2018

Apple is first public company worth $1 trillion

The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007. Apple shares have been rising steadily ove...

Jul 28 2018

$168 billion lost in a day: Facebook's plunge could rewrite history

Facebook Inc .'s scandals are finally hitting the company where it hurts: growth. The news sent Facebook's stock free-falling almost 25 percent in after-hours tradi...

Jul 28 2018

Donald Trump Says US And EU Will Work Towards 'Zero Tariffs' Trade

And on Tuesday, Trump announced plans to impose 10 percent tariffs on an additional $200 billion in Chinese imports by the end of August. Trump tells workers gathered...

Jul 26 2018

China being vicious on trade, says Trump

Officials say the plan does not require congressional approval. "We had a big day, very big", Trump said during a press conference with Juncker at the White House on ...

Jul 24 2018

Trump tweets tariffs ‘are the greatest’ and threatens additional levies

The Trump administration announced Tuesday that it will grant up to $12 billion in emergency aid to farmers hurt by retaliatory tariffs in the ongoing trade fight with ...

Jul 21 2018

China refutes USA accusations on tariffs, intellectual property issue

Interestingly, this scenario of trade wars isn't only limited to the United States and China but even India has imposed heavy tariffs on agriculture products imported by ...

Jul 21 2018

Russian Federation investing $64 billion in Iran’s oil and gas

Brent oil rose 7 cents to $72.65 a barrel by 0354 GMT, after rising to $73.04 earlier in the day. Oil markets have fallen over the last week as Saudi Arabia and othe...

Jul 15 2018

US appeals judge's order allowing AT&T to buy Time Warner

The Justice Department will appeal the $85 billion AT&T-Time Warner mega-merger a month after a federal judge gave it his blessing. AT&T said it was surprised by th...