Production problems at one of Canada's largest oil sands facilities drove front-month United States crude to its highest premium above second-month futures since 2014. Effectively Saudi Arabia is doing unilaterally what last week's OPEC meeting failed to collectively by assuring the world of a major production boost, thereby pushing the price of oil lower, as Trump had been demanding.
U.S. President Donald Trump on Saturday said he asked Saudi Arabia to significantly boost its oil production to bring down crude prices. Last week, members of the Organization of the Petroleum Exporting Countries, agreed to pump one million barrels more crude oil a day, but summer usually leads to a demand for oil in the US, in turn pushing up prices.
The catch? Besides the fact that Amazon Delivery Service Partners will be responsible for recruiting and hiring their own drivers (and ultimately managing the business), those Amazon-branded delivery vans can only be used to deliver packages for Amazon.
The federal Liberal government is taking its cross-border trade dispute with the United States up a notch, unveiling an extensive final list of $16.6-billion worth of American imports that will be hit with retaliatory tariffs this weekend.
A picture of Geoffrey the Giraffe leaving Toys "R" Us is pulling on the heartstrings of former Toys "R" Us kids as the chain closes for good Friday. Even as stores enter their final days of the liquidation sale, toy expert Jim Silver, the founder and editor in chief of popular toy review website TTPM.com, isn't convinced that the Toys R Us story is over.
A weaker currency supports exports by making products appear cheaper to worldwide buyers. India's foreign-currency reserves have fallen in eight of the nine weeks to 15 June, suggesting the central bank has been intervening to stem the pace of the currency's decline.
An worldwide shortage of carbon dioxide gas (CO2) is starting to bite the European food and drink industry. In a company statement issued Monday, the soft drinks manufacturer sought to reassure consumers that so far the shortfall had not affected overall supplies.
But Indians' deposits in the Swiss banks rose by 50 percent to 1.01 billion francs amid a clampdown on suspected black money stashed there after a 45 percent fall in 2016. Black money is expected to be one of the important issues in the general elections scheduled to be held in 2019. The Income Tax department had detected suspected black money running into thousands of crores post investigations on global leaks about Indians stashing funds overseas and has launched prosecution against ...
The airport closure affected about 75,000 passengers internationally and resulted in almost 450 flights cancelled, according to Indonesia's National Disaster Mitigation Agency. However the challenge now is to clear the stranded passengers, just when flights are full for the school holidays across Australia. Sutopo Purwo Nugroho of the disaster mitigation agency said activity was going on deep under the volcano.
Companies likely to feel the impact of recent USA tariffs on imported steel which raise costs for manufacturers, and the countermeasures by China which may hit US exports , include heavy machinery maker Caterpillar and aircraft maker Boeing.
According to SMMT, investment in new plant, machinery, tooling and new models has almost halved from from £647.4m ($856m) in the first half of 2017, to £347.3m up to June 21 this year. At the enterprises of the automaker in Britain, employs about eight thousand people. After the Airbus , BMW, the auto giant, has also issued a similar warning.
New figures from the USA government show just how high the cost of living is in the Bay Area. A new HUD report shows that low income in one United States city is off the charts compared to most of the country. To afford a median-priced home in San Francisco , a family would need to make $333,270 annually. "For someone who loves the Bay Area, and loves Richmond, that breaks my heart", Galindo said.
Chicago-based Conagra has brands such as Reddi-wip, Hunt's, Healthy Choice and Slim Jim. Many companies are also refocusing efforts on boosting sales of frozen foods to a younger generation. "Because of our employees' incredible work, Pinnacle's total shareholder return is approximately 275% since our IPO, and today marks an important milestone in the company's journey.
Louis. Natural gas dipped 0.7 percent to $2.92 per 1,000 cubic feet. US stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies.
His AK Party took 42.5% in the parliamentary election and its nationalist allies beat expectations with 11.1%, giving their alliance a legislative majority. North Atlantic Treaty Organisation chief Jens Stoltenberg on Monday congratulated Turkey President Recep Tayyip Erdogan on his re-election, but stressed the alliance was founded on "core values" of democracy, rights and rule of law.
On Monday, Trump said Harley waves "the White Flag" in the tariff fight - then continued to blast the firm on Tuesday . The latter tweet seems to suggest the president doesn't understand the situation as Harley-Davidson was only planning to shift some production overseas to get around the new European tariffs.
Through this review, U.S. will assess its export controls and make any modifications that may be needed to strengthen them to defend national security and technological leadership. Trump's deference to Congress in his effort to address concerns about Chinese acquisitions of United States technology gives FIRRMA a better chance of becoming law.
Those tariffs were imposed after the Trump administration imposed tariffs on steel and aluminum exports from Europe. Harley-Davidson, the dominant player in the heavyweight US motorcycle market, said it would not pass on any retail or wholesale price increases in the European Union and instead focus on shifting some USA production.
The Wall Street Journal then reported Trump would soon block more tech exports to China and prohibit Chinese companies from investing in US technology. trade representative to identify an additional $200 billion worth of Chinese goods for a 10 per cent tariff. Beijing chose to impose 659 American goods with duties in the same 25%.
As the economy in Iran deteriorates, demonstrators in Tehran protested the regime's financial support for terror proxies in the region at the expense of domestic economic needs. The Iranian rial plunged to a record low against the USA dollar on the unofficial market on Sunday, continuing its slide amid fears of returning US sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear program.