Finance

Finance EU Ministers Reach Deal Allowing Greece To Exit Bailout Program
Author: 0 EU Ministers Reach Deal Allowing Greece To Exit Bailout Program

Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 am Athens time on Wednesday to nearly a month low, while the Athens Stock Exchange General Index rose as much as 1.1 percent in intraday trading amid optimism that euro-area finance ministers will reach a deal on Greece on Thursday.

Finance MoviePass plans to add $2 surcharge for blockbusters on opening day weekends
Author: 0 MoviePass plans to add $2 surcharge for blockbusters on opening day weekends

It will also notify users of discounts on food and drink. However, with MoviePass you get to see more movies per month at less of the cost, and you can go to nearly any theater in the U.S. MoviePass says it takes no more than two weeks to get a physical MoviePass . "AMC has repeatedly disparaged our model as a way to discourage our growth because all along they wanted to launch their own, more expensive plan", the company said on Twitter .

Finance Eurozone creditors reach deal on Greek debt relief
Author: 0 Eurozone creditors reach deal on Greek debt relief

The report in The Local also said the figures published by the government yesterday show that Germany made 3.4 billion euros in interest payments on the bonds and only paid Greece 527 million euros in 2013 and 387 million euros the following year.

Finance Tesla To Close A Dozen Solar Facilities In Nine States, Documents Show
Author: 0 Tesla To Close A Dozen Solar Facilities In Nine States, Documents Show

As a result, Tripp was reassigned to a different role and expressed anger towards the company. Tesla sued a former employee for purportedly thieving gigabytes of data, making a fake statement about the media. At the time, Tesla was up to 3,500 cars per week - much better than before, but that left a lot of room for improvement. Tesla declined to comment on which solar facilities would be closed, how many employees would lose their jobs or what percentage of Tesla's solar workforce ...

Finance What the Supreme Court sales tax ruling means for New Yorkers
Author: 0 What the Supreme Court sales tax ruling means for New Yorkers

South Dakota had passed a bill in 2016 that said online retailers must collect sales tax if they make more than $100,000 worth of sales in their state, or do 200 transactions in their state. Trump has blasted Amazon CEO Jeff Bezos, who also owns the Washington Post, a newspaper that the Republican president has disparaged for its coverage of him.

Finance European Union slaps tariffs on iconic USA products
Author: 0 European Union slaps tariffs on iconic USA products

The Commerce Department plans to hold two days of public comments in July on its investigation of auto imports. While she did not see a serious "direct impact of tariff increases.it's a trend that is worrying, the breach of confidence that undermines confidence", she said on the sidelines of eurozone ministerial talks in Luxembourg.

Finance Trump's policies have caused high oil prices
Author: 0 Trump's policies have caused high oil prices

Trump imposed fresh sanctions on Tehran in May and market watchers expect Iran's output to drop by a third by the end of 2018. Khalid Al Falih , Saudi Arabia's energy minister. The dispute was settled by the time of the next Opec talks. But Riyadh, which cheered Washington's exit from the nuclear pact, is under pressure from Trump to boost output in order to lower oil prices ahead of November's midterm elections.

Finance OPEC reaches deal to raise oil output
Author: 0 OPEC reaches deal to raise oil output

Saudi Arabia , backed by non-member Russian Federation, has argued that it is time to raise production in order to meet growing demand and appease major consumer countries like the United States, India and China who have complained about a sustained increase in prices since output was cut back from January past year.

Author: 0 OPEC agrees ouput rise of 'about' 1 million barrels - Saudi

Subsequently, the prospect of a full-blown trade war will likely dent risk on sentiment, which in turn will likely keep a lid on further gains for crude prices. Because the cartel had been producing below that ceiling, that effectively means an increase in production. The 24 nations in the supply-cut pact, known as Opec+, agreed in late 2016 to trim production by 1.8 million barrels a day but they have actually been keeping some 2.8 million barrels per day off the market.

Finance Marijuana will be legal in Canada on October 17th
Author: 0 Marijuana will be legal in Canada on October 17th

With the federal government having now decided on an opening day for Canada's legal rec marijuana business, we should expect the provincial supply agreements to come fast and furious, says Jason Zandberg, analyst with PI Financial, who estimates that a fully up-and-running market will produce $10.2 billion in annual sales.

Finance Saudi Arabia wins emerging-market status in MSCI upgrade
Author: 0 Saudi Arabia wins emerging-market status in MSCI upgrade

Both countries are now expected to benefit from investment from some of the world's largest fund managers as a result of the upgrades. Welcoming the MSCI move, Sarah Al Suhaimi, the chairperson of Tadawul, said: "Today's announcement from MSCI, so close on the heels of Saudi's reclassification in the FTSE Russell Global Equity Index Series, marks the further integration of the kingdom into global capital markets ".

Author: 0 Supreme Court sides with online sales tax

Few people actually comply. Take the scenario where a guy from New York City buys a bike online from an OR company. Prior to the ruling , if you lived in NY and bought a TV from a retailer like Newegg - which has no physical stores in NY state - you wouldn't have to pay sales tax on your purchase.

Author: 0 OPEC agrees modest hike in oil supply after Iran softens stance

However, Saudi Energy Minister Khalid al-Falih appears to have convinced his Iranian peer Bijan Zanganeh to support the increase just hours before Friday's OPEC meeting. Falih has warned the world could face a supply deficit of up to 1.8 million bpd.in the second half of 2018 and that OPEC's responsibility was to address consumers' worries.

Finance European Union retaliates against Trump’s metal tariffs
Author: 0 European Union retaliates against Trump’s metal tariffs

European Union countries retaliatory trade tariffs on a list of United States products, agreed in response to USA tariff hikes on steel and aluminium imports from Canada , the EU, and Mexico , will come into force on Friday, the European Commission announced on Wednesday.

Finance Above $74: Brent oil rises by $1 ahead of OPEC decision
Author: 0 Above $74: Brent oil rises by $1 ahead of OPEC decision

Benchmark Brent crude prices traded at $74.35 a barrel on Thursday morning in London. "We expect from Opec and its members a commitment to step in (and) more than fill the gap to ensure sustainable prices", Indian oil minister Dharmendra Pradhan said at a seminar in Vienna .

Finance Trump Trade Adviser Doesn't Know About iPhone Trade Exemption
Author: 0 Trump Trade Adviser Doesn't Know About iPhone Trade Exemption

The pan-European FTSEurofirst 300 index lost 0.80 percent and MSCI's gauge of stocks across the globe shed 0.43 percent. Intel Corp, the world´s biggest chipmaker by revenue and a prominent U.S. China's heavily regulated economy also gives the ruling Communist Party additional options for retaliation by withholding approval for business activity.

Finance Facing coalition crisis, Merkel seeks migrant talks with EU
Author: 0 Facing coalition crisis, Merkel seeks migrant talks with EU

European Union leaders will try to reassure Germany and Italy over migration at a summit next week as a stand-off in Berlin threatens Chancellor Angela Merkel's ruling coalition. "In essence, that is a scandal", he said, promising to reverse the practice immediately. Merkel has been asking her coalition to delay addressing the question until European Union leaders convene in Brussels to discuss immigration and other issues affecting the 28 members of the bloc on June 28 and 29.

Finance CEO of Audi Arrested in Diesel Scandal
Author: 0 CEO of Audi Arrested in Diesel Scandal

Munich prosecutors and Stadler himself were not immediately available for comment. The charges levelled at Stadler are in stark contrast to Volkswagen Group's claims that only lower-level management knew of the emissions cheats. The executive was arrested at his home in Ingolstadt in the early hours of Monday, they said . Volkswagen Group and Audi confirmed Stadler's arrest this morning, adding that the presumption of innocence applied to Stadler's case.

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