Finance

Department of Justice to appeal AT&T and Time Warner merger approval

Department of Justice to appeal AT&T and Time Warner merger approval The appeal will be heard by the D.C. Circuit Court of Appeals. The Justice Department sued to block the deal from going through in November of 2017, arguing that it would limit competition and raise prices . Media commentators suggested Trump was critical of the deal because of his antipathy for CNN , which has lambasted his presidency and is a regular target for his Twitter attacks. [Full Article...]

21st Century Fox Given Clearance To Buy Sky By British Government

21st Century Fox Given Clearance To Buy Sky By British Government The £14 per share offer is 12pc higher than the £12.50 offered by Comcast in April and 82pc higher than the stock's value before Fox made its first offer in November 2016. According to some shareholders, that has set an implied higher floor for Sky's shares. The end of the week is also be the deadline for Comcast to post an offer to Sky shareholders, who then have 60 days to consider that of... [Full Article...]

May clings to power amid Brexit resignation turmoil

May clings to power amid Brexit resignation turmoil He was more enthusiastic about Johnson , calling him "a friend of mine". "Maybe I'll speak to him when I get over there". After being the surprise pick as foreign secretary, Mr Johnson's gaffes did not cease. "We will not get a clean, democratic Brexit under Theresa May and if the Conservative Party don't come to their senses, then yes, when there is a leadership contest in Ukip at the end of... [Full Article...]

US says to slap tariffs on extra $200 billion of Chinese imports

US says to slap tariffs on extra $200 billion of Chinese imports That prompted fears Beijing might go beyond matching USA import tax increases by harassing American companies in China. Last week, Washington imposed 25% tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. [Full Article...]

Why Trump is pressing Saudi Arabia to lower oil prices:…

Why Trump is pressing Saudi Arabia to lower oil prices:… S. defends many of their members for very little dollars. Earlier, the Saudi and Russian energy ministers reaffirmed their 1 million-barrel-a-day agreement reached last month in Vienna, after Trump tweeted over the weekend that he'd received assurances from the Middle Eastern nation that it could increase production by double that volume. [Full Article...]

Oil near US$74 amid Trump tweets, forecast drop in USA stockpile

Oil near US$74 amid Trump tweets, forecast drop in USA stockpile The announcement was made following a cabinet meeting headed by Saudi Arabia's King Salman bin Abdulaziz Al Saud. President Donald Trump's sustained bid to disrupt Iran's petroleum exports could soon help to push oil prices above $90 a barrel, analysts told CNBC on Thursday. [Full Article...]

Dutch PM Rutte interrupts Trump over trade deal claims

Dutch PM Rutte interrupts Trump over trade deal claims The European Union has warned the United States that imposing import tariffs on cars and auto parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on US$294 billion of USA exports. Trump has previously been persuaded to back off of trade threats with the argument that states that backed him in the 2016 presidential campaign will be hit hard. [Full Article...]

Amazon Prime Day Announced

Amazon Prime Day Announced Here are all the details! Not content with the shopping extravaganza held annually on Black Friday , Amazon has taken to holding its own little promotion in recent years, imaginatively called Prime Day . Amazon also plans to offer delivery in up to 2 hours through its Prime Now app in four cities during the Prime Day sale across categories like smartphones and electronics. [Full Article...]

LeBron Will Wear #23 For Lakers; Jersey Pre-Orders, Ticket Prices Skyrocket

LeBron Will Wear #23 For Lakers; Jersey Pre-Orders, Ticket Prices Skyrocket The Lakers may still be pursuing Leonard, but from the sounds of it, they won't compromise the future for him, especially when Leonard reportedly wants to sign with the Lakers as a free agent in 2019. Those subsequent moves raise one important question: LeBron is aware the Lakers did that, right? The top markets for sales of LeBron's Lakers jersey were Los Angeles , New York, Oakland/San Fr... [Full Article...]

President warns Harley-Davidson: 'We won't forget'

President warns Harley-Davidson: 'We won't forget' Harley said Monday it's moving the production of motorcycles destined for Europe to factories in Thailand, India and Brazil in response to the European Union slapping a 31 percent tariff on motorcycles made in the U.S. But many of Harley's motorcycles sold in India are assembled in the country, so they may not be subject to the tariffs anyway. "Hence, they were just using Tariffs/Trade War a... [Full Article...]

Trump tells Republicans to 'stop wasting their time' on immigration

Trump tells Republicans to 'stop wasting their time' on immigration The delegation visited a Customs and Border Protection processing facility in the U.S. -Mexico border city of McAllen, the epicenter of the Trump administration's "zero tolerance" policy in which people entering the U.S. Also, Trump is taking a risk by asking Republicans to push off a vote until after the election. But without Trump's backing, the bill is essentially guaranteed to fail. [Full Article...]

Trump denies he's to blame for Harley-Davidson decision

Trump denies he's to blame for Harley-Davidson decision President Donald Trump is denying that his trade policy is responsible for Harley-Davidson's ( HOG ) decision to shift some motorcycle production overseas . Trump said in tweets Tuesday that the company had already announced it was closing a Kansas City plant. But Mr. Trump responded that Harley had made a decision to relocate some production "long before Tariffs were announced". [Full Article...]

Iran Walks Out As Russia, Saudis Gain Support For Oil Output Increase

The Bloomberg headline earlier says that OPEC members have come to an agreement on principle for an output increase of 1 million bpd on paper. But it remains to be seen what kind of compromise could emerge, given Iran's deep aversion to any attempt by OPEC allies to offset its expected production losses as a result of the impending U.S. [Full Article...]

Market Declining Following Bithumb Hack Of $30 Million Worth Of Coins

Market Declining Following Bithumb Hack Of $30 Million Worth Of Coins In each of these hacks, the security shortcomings involve the exchanges' "hot wallets", or wallets that are stored and accessible online. It should be noted that as soon as the hacking announcement was made, the cryptocurrencies market suffered a depreciation, with Bitcoin (BTC ) falling over $200 within a few minutes. [Full Article...]

India Imposes Retaliatory Tariffs On US, Here's What's Targeted

India Imposes Retaliatory Tariffs On US, Here's What's Targeted The total amount of U.S. goods exported to China amounted to only US$130 billion (S$177 billion) past year, meaning that Mr Trump's potential tariffs on US$250 billion or more of Chinese imports can not be matched, at least directly. "We've never seen anything like this", said Mary Lovely, a Syracuse University economist who studies worldwide trade - at least not since countries tried to wall th... [Full Article...]

Supreme Court says states can require online retailers to collect sales tax

Supreme Court says states can require online retailers to collect sales tax South Dakota law, the focus of the court ruling, requires online retailers with more than $100,000 in annual sales to collect taxes. Shares of large internet sellers tumbled in midday trading on June 21 after the US Supreme Court said those merchants could be required to collect sales tax in US states where they don't have a physical presence . [Full Article...]

WTI Oil Putting Up A Respectable Fight on OPEC

WTI Oil Putting Up A Respectable Fight on OPEC Yet any output increase agreement could be muted because other OPEC members including Iraq said last week that production cuts should be maintained because prices still need support. These numbers suggest that United States and handful of other non-OPEC countries will more than meet global demand. Earlier in April, he had slammed the OPEC for keeping the prices "artificially very high". [Full Article...]

Markets tumble with China, US towards trade war

Markets tumble with China, US towards trade war The president ordered his administration to prepare a new package of tariffs affecting as much as $200 billion worth of China trade. The US "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed global society", it said . [Full Article...]

Audi CEO Rupert Stadler arrested

The Munich prosecutors said Stadler's arrest was not made at the behest of US authorities. "For Mr Stadler, the presumption of innocence continues to apply", a spokesman said in a statement. The prosecutors also said that the arrest of Stadler was essential as the investigators saw the risk of him trying to suppress evidence in the diesel emissions probe. [Full Article...]

China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban

China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban The deal also includes a new 10-year ban that is suspended unless there are future violations. Commerce Secretary Wilbur Ross told CNBC this morning that the us has struck a deal to lift sanctions on the electronics giant. sanctions before President Trump ordered an abrupt about-face last month - has reportedly agreed to a preliminary deal to lift a U.S. Commerce Department ban on it buying ... [Full Article...]


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