Markets

Unhealthy levels of chemicals present in cereals, report says

Unhealthy levels of chemicals present in cereals, report says A report from the Environmental Working Group on Wednesday said it found risky amounts of the herbicide glyphosate in a range of popular foods, from PepsiCo's Quaker Old Fashioned Oats to General Mills' Cheerios. "The challenge here is that the story seems pretty clear: Glyphosate is bad, and it is in a lot of food products", says Tim Calkins, clinical professor of marketing at Northwestern Un... [Full Article...]

China to send negotiator to U.S. for trade talks this month

China to send negotiator to U.S. for trade talks this month Invited by the U.S., the delegation, headed by Commerce Vice Minister Wang Shouwen, will meet with a team of negotiators led by David Malpass, undersecretary for worldwide affairs of the U.S. A Chinese delegation led by Vice Commerce Minister Wang Shouwen will meet with an American group led by David Malpass later this month. The invitation for the talks may have been meant to steady markets, they... [Full Article...]

Turkey to boycott iPhones & other United States electronic products - Erdogan

Turkey to boycott iPhones & other United States electronic products - Erdogan On Friday the slide turned into a crash where the lira dropped as much as 18 percent, hitting United States and European stocks as investors took fright over banks' exposure to Turkey . He has threatened to seek new alliances - a veiled hint at closer ties with Russian Federation - and warned of drastic measures if businesses withdraw foreign currency from banks. [Full Article...]

Italian footballer in remarkable escape from Genoa bridge collapse describes 'apocalypse' scene

Italian footballer in remarkable escape from Genoa bridge collapse describes 'apocalypse' scene Photos published by ANSA on its website showed a huge gulf between two sections of the bridge. Hundreds of firefighters and emergency officials were searching for survivors in the rubble with heavy equipment. Italy's minister of transportation and infrastructure, Danilo Toninelli, from the populist 5-Star Movement, threatened in a Facebook post that the state, if necessary, would take direct c... [Full Article...]

Turkey doubles tariffs on some USA imports over economy 'attacks'

Turkey doubles tariffs on some USA imports over economy 'attacks' On Tuesday the White House said President Trump was frustrated that Turkey had not released Andrew Brunson , the evangelical pastor held on terrorism charges that Washington believes are fabricated. What about the Turkish economy? The effects of the troubles in Ankara also sent ripples through markets in Korea, China, Hong Kong and Japan. [Full Article...]

Largest fire in California's history continues to spread north

Largest fire in California's history continues to spread north The fire has been burning since July 23. Once depleted, the aircraft can return to base and resupplied with another 3,000-gallon payload and dispatched for another run in just twelve minutes. On Sunday Zinke posted images to Twitter of destruction in Shasta County. Cal Fire predicts the Mendocino fire will be fully contained by September 1. [Full Article...]

Tesla CEO Musk taunts short sellers amid legal scrutiny

Tesla CEO Musk taunts short sellers amid legal scrutiny Neither he nor anyone else has supplied evidence that it was. It had also caused Tesla securities buyers to pay inflated prices, he claimed. He reasons that taking Tesla private would relieve that pressure. Other investors have begun to file lawsuits as well. So, even if Musk did post the tweet hoping to damage short sellers by boosting Tesla stock price, it wouldn't be illegal unless ... [Full Article...]

Turkey’s Banks Bear Weight of Currency Crisis

Turkey’s Banks Bear Weight of Currency Crisis Erdogan repeated his call for Turks to sell dollars and buy lira to shore up the currency, while telling business owners not to stock up on dollars. "We will protect our economic independence by being tight-knit together", he told members of his AK Party in a speech. [Full Article...]

Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept

Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept Deputies said they know who the 29-year-old man is and they described him as suicidal. Early reports indicate that an airport employee stole the jet, causing fighter jets to be deployed and all ground traffic was halted. "Congratulations, you did that, now let's try to land that airplane safely and not hurt anybody on the ground", an air traffic controller said. The man's condition wasn't immediat... [Full Article...]

Turkish Currency Collapses After Trump Doubles Metals Tariffs

Turkish Currency Collapses After Trump Doubles Metals Tariffs The US dealt Turkey and the lira a further blow in a tweet on Friday, in which Mr Trump said he had approved the doubling of tariffs on Turkish steel and aluminium . Much to the opposition of members of Congress on both sides of the aisle and other member nations of NATO , Turkey announced plans to acquire a Russian missile defense system. [Full Article...]

USA imposes new sanctions on Russian Federation over nerve agent poisoning

USA imposes new sanctions on Russian Federation over nerve agent poisoning The surprise announcement by the US State Department was welcomed by the British government. Wednesday's announcement comes less than a month after a summit between Trump and Russian President Vladimir Putin in Helsinki that has sparked concern among both Democrats and Republicans over the president's reluctance to hold the Kremlin to account for interfering in USA elections. [Full Article...]

China to slap additional tariffs on $16 billion of United States goods

China to slap additional tariffs on $16 billion of United States goods China's exports surged more than expected in July despite USA duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth. [Full Article...]

International Olympic Committee signs up United States crude in 1st ever term-tender deal

International Olympic Committee signs up United States crude in 1st ever term-tender deal US West Texas Intermediate (WTI) crude futures were at $69.35 a barrel, up 18c. The US, which in May pulled out of a landmark nuclear deal and said sanctions will be re-imposed on Iran within 180 days, has threatened to cut off access to the American banking system for foreign financial institutions that trade with Tehran. [Full Article...]

Tesla shares rise 11 percent after Musk's shocking tweet

Tesla shares rise 11 percent after Musk's shocking tweet The tweets have added to speculation about Tesla, which is spending heavily as it ramps up production of its latest vehicle, the Model 3 . Musk owns almost 20pc of the company. Tesla Motors started selling its stock to the public in 2010 - the first initial public offering of a USA automaker in more than a half-century. While Twitter users had questioned whether the $420 price was real - th... [Full Article...]

USA job growth slows in July, unemployment rate dips

USA job growth slows in July, unemployment rate dips Economists had expected a gain of about 190,000. Last week, the Commerce Department reported that gross domestic product expanded at an annual rate of 4.1 percent in the second quarter, the fastest pace in almost four years. The U.S. central bank said "the labor market has continued to strengthen and economic activity has been rising at a strong rate". Manufacturers, among the most directly affe... [Full Article...]

Protesters in Iran attack seminary, break windows

Protesters in Iran attack seminary, break windows Three months ago, the U.S. withdrew from a 2015 agreement among world powers and Iran in which worldwide sanctions against Tehran were lifted. "The judiciary should find these people and arrest them", the cleric says, to chants of "Allahu akbar" ("God is greater") from the crowd. [Full Article...]

Oil falls below $73 on rising supply, trade worries

Oil falls below $73 on rising supply, trade worries The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 3.8 million barrels last week, maintaining a total U.S. Yesterday, the commodity fell sharply after private data from the American Petroleum Institute showed a larger-than-expected build in U.S. crude stocks. [Full Article...]

Trump to propose 25-pct tariff on $200b of Chinese imports

Trump to propose 25-pct tariff on $200b of Chinese imports Trump said China's response targeting USA farmers has been "not nice". Donald Trump might be about to heat up his trade spat with Beijing. Foreign Ministry spokesman Geng Shuang told a daily news briefing in Beijing that US pressure on trade won't work, and that Beijing has always upheld using dialogue to resolve trade issues. [Full Article...]

Sterling stronger after the Bank of England raises rates

Sterling stronger after the Bank of England raises rates An RBI repo rate hike usually sees commercial banks hike their respective interest rates on home, vehicle and other loans. The decision to raise interest rates was widely expected by economists but views on whether or not the hike was justified were decidedly mixed. [Full Article...]

Apple is the first U.S. company worth $1 trillion (AAPL)

Apple is the first U.S. company worth $1 trillion (AAPL) Like the four-minute mile or breaking the sound barrier, the idea of a company with a market capitalization - the share price multiplied by the number of outstanding shares - of more than a trillion dollars was once nearly unthinkable. Apple has what is considered the most devoted brand community in the world and its ad campaigns are legendary for personal touches that foster a deep loyalty among... [Full Article...]


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