Finance

Finance OPEC And Allies Agree To Share Oil Production Increase
Author: 0 OPEC And Allies Agree To Share Oil Production Increase

Energy Information Administration figures on oil and refined product stocks. "With the global market pricing to pull crude out of the USA, this loss of US supplies will exacerbate the current global deficit, making the increase in OPEC production all the more required", the analysts wrote in the report.

Finance USA tells allies they must stop importing Iran oil by November
Author: 0 USA tells allies they must stop importing Iran oil by November

The diplomatic efforts will affect several key USA allies that import significant amounts of Iranian oil, including Japan, South Korea and Turkey. On Monday, police patrolled the bazaar following clashes with protesters angered by the rial's collapse, which is disrupting business by driving up the cost of imports.

Finance Trump says Harley-Davidson's problems aren't his fault
Author: 0 Trump says Harley-Davidson's problems aren't his fault

Harley-Davidson, facing rising costs from new tariffs , will begin shifting the production of motorcycles heading for Europe from the United States to factories overseas. The president has held up the motorcycle maker as an example of a United States business harmed by trade barriers in other countries. And, on top of everything else, Trump himself has threatened to retaliate against Harvey for moving some of their production out of the country.

Finance Trump's Treasury Department plans limits on Chinese investment in USA technology firms
Author: 0 Trump's Treasury Department plans limits on Chinese investment in USA technology firms

President Xi Jinping's top economic adviser - said China and the European Union had agreed to defend the multilateral trading system, following talks on Monday in Beijing . Trump administration officials are denying reports that the United States is readying limitations this week on Chinese investment in American technology companies and high-tech exports to China.

Finance Trump Steps Up Threats Against Harley-Davidson
Author: 0 Trump Steps Up Threats Against Harley-Davidson

Harley-Davidson plans to move a sizable portion of the motorcycles it produces outside of the United States, blaming the escalating tariff war for spiraling costs in one of its biggest markets. European officials last week imposed stiff tariffs on a wide range of US -made goods sold within the European Union. "They want to make 'em over there so they don't have to pay the tariffs to ship 'em", he said.

Finance Turkey on Twitter: Social media reacts to the elections
Author: 0 Turkey on Twitter: Social media reacts to the elections

Many critics say this year's military operation in Afrin, Syria, was primarily created to boost both Mr Erdogan's reputation and nationalist sentiment prior to the elections; however, in his victory speech to supporters from the ruling party's headquarters in Ankara he said that Turkey would now act more decisively against terrorist organisations.

Finance US stocks slide on escalating US-China trade tensions
Author: 0 US stocks slide on escalating US-China trade tensions

Goods assembled and exported in one country often depend on components manufactured in another, after being designed in yet a third country, making the national trade deficit focused on by President Trump an unreliable guide. is still gaining momentum". While Harley is only one example, Lim believes the trade war is "likely to increase discrimination against US companies in China".

Finance Harley-Davidson will move some production out of United States after retaliatory tariffs
Author: 0 Harley-Davidson will move some production out of United States after retaliatory tariffs

Harley-Davidson said it will not raise its prices to avert "an immediate and lasting detrimental impact" on sales in Europe. Outside the US, Harley-Davidson has manufacturing facilities in India, Brazil and Australia. "Increasing worldwide production to alleviate the European Union tariff burden is not the company's preference but represents the only sustainable option to make its motorcycles accessible to customers in the European Union and maintain a viable business in Europe", the company ...

Author: 0 Trade Rift Within Trump Administration Sends Stocks on Wild Ride

Trump administration officials have said they are considering the use of the 1977 International Emergency Economic Powers Act to impose new restrictions on China, an act widely used to freeze assets after the 9/11 attacks in 2001. Harley-Davidson fell 6 percent after it said it will start building some motorcycles bound for Europe in factories overseas in response to tariffs by the EU.

Finance Harley-Davidson move shows Trump trade war, tariffs worst fears
Author: 0 Harley-Davidson move shows Trump trade war, tariffs worst fears

Each motorcycle will cost about $2,200 more after the European Union raised its levies on imported US bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing . Harley-Davidson felt that if it passed on the cost increase to dealers and customers it would have an immediate negative impact on its business in the European Union, including threatening the sustainability of its dealers' businesses.

Finance Runner up in Turkish elections accepts Erdogan as President
Author: 0 Runner up in Turkish elections accepts Erdogan as President

Erdogan had 52.5 percent, with 98 percent of the votes counted in his bid for a presidency with broadly expanded powers, according to Anadolu Agency's unofficial results . But Ince, who had faced limited airtime on television in the campaign, said the run-up to the election had been unfair. The CHP said it had recorded violations in particular in the southeastern province of Sanliurfa.

Finance Harley-Davidson will move some production out of US after retaliatory tariffs
Author: 0 Harley-Davidson will move some production out of US after retaliatory tariffs

But he says the ultimate goal is the removal of all tariffs so "we don't have this tit for tat on any number of products out there". Last week, the European Union imposed penalties on $3.2 billion worth of U.S. David Bro/ZUMA Press/NewscomHarley-Davidson, the iconic American motorcycle brand, will shift some manufacturing overseas in response to the raising of trade barriers on both sides of the Atlantic.

Author: 0 Harley-Davidson to take big hit from European Union tariffs

New U.S. tariffs on steel and aluminum could increase the company's bill for raw materials by as much as $20 million this year. Harley-Davidson plans to shift the production of some of its bikes out of the U.S. Europe is too important of a market for Harley to neglect. Struggling to overcome a slump in USA demand, Harley has been aiming to boost sales of its iconic motorcycles overseas to 50 percent of total annual volume from about 43 percent now.

Finance European leaders talk migration as Merkel tries to save political future
Author: 0 European leaders talk migration as Merkel tries to save political future

Encouraged by a deal with Turkey that has slashed migrant arrivals from there by 97 percent since 2015 - when hundreds of thousands of people entered, mostly migrants fleeing war in Syria and Iraq - the 28-nation European Union is ready to greenlight plans to set up screening centers in Algeria, Egypt, Libya, Morocco, Niger and Tunisia.

Finance Bourbon barrel storage barn collapses in Kentucky
Author: 0 Bourbon barrel storage barn collapses in Kentucky

Bardstown Police Chief Billy Mattingly said there was no one inside when the roof caved in, so no injuries were reported. No cause had been determined. No one was injured, but officials are investigating if any of the barrels are leaking Kentucky's signature spirit into the ground or waterways. Kentucky's bourbon sector is in the midst of a more than $1.1 billion boom that includes expanded production facilities, more storage warehouses and new tourism centers.

Finance Rat Chews Up Nearly $18,000 and Dies in ATM
Author: 0 Rat Chews Up Nearly $18,000 and Dies in ATM

Reports estimate the destroyed banknotes at between 1.2 and 1.3 million rupees ($17,662 to $19,000). Staff at the State Bank of India called technicians after the cash machine stopped working, according to Times of India . "We've checked and there is no other criminal or conspiracy angle to the incident". The rat had entered the ATM through a small hole for cables. The State Bank of India has more than 50,000 ATMs across the country.

Finance Bank of England to keep rates steady as winter chill…
Author: 0 Bank of England to keep rates steady as winter chill…

Rather, they judged that a modest tightening of monetary policy at this meeting could mitigate the risks of a more sustained period of above-target inflation that might ultimately necessitate a less gradual subsequent change in policy and hence a sharper adjustment in growth and employment'.

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