Thursday July 19-th, 2018

China defends its United States investment record

The original WSJ story was titled: Trump Plans New Curbs on Chinese Investment , Tech Exports to China. Treasury Secretary Steven Mnuchin tweeted the report was "fake news", saying the statement was not specific to China, but all countries w...

China, Europe warn trade war could trigger global recession

The US is due to impose tariffs on $US34 billion of Chinese imports from July 6, and Trump has threatened to impose levies on another $US200 billion of Chinese goods. It has fallen to 74.1 USA cents, 55.8 British pence, 63.3 Euro cents and 81.3 Jap...

Analyst Research Roundup: Harley-Davidson, Inc. (HOG), Uniti Group Inc. (UNIT) Analyst Research Roundup: Harley-Davidson, Inc. (HOG), Uniti Group Inc. (UNIT)

The next 5 year EPS growth rate of Harley-Davidson, Inc. The firm is scheduled to report its next earnings results on Tuesday, July 17th. For the next financial year, analysts anticipate that the firm will post earnings of $3.96 per share, with EPS e...

We've changed, Uber tells court in battle to keep London license We've changed, Uber tells court in battle to keep London license

The court will decide whether Uber is "fit and proper" to hold a licence at the time of the hearing - rather than deciding whether TfL was right to refuse its renewal - following the changes Uber has made in the a year ago. "It was very clear to ULL ...

Erdogan claims victory in Turkish elections Erdogan claims victory in Turkish elections

Muharrem Ince, the leader of main opposition party CHP, conceded defeat in a statement to the Halk TV channel but insisted it had not been a "fair race". Iranian President Hassan Rouhani offered his "sincerest congratulations" to Erdogan. Supporter...

Harley-Davidson shifts some production overseas as European Union tariffs kick in Harley-Davidson shifts some production overseas as European Union tariffs kick in

USA motorcycle sales peaked at more than 1.1 million in 2005 but then plummeted during the recession. Case in point, Harley Davidson . "A company that is as connected to America, and Americana, as Harley is probably going to be laying off US worke...

Jeremy Hunt says Airbus Brexit warnings are 'completely inappropriate' Jeremy Hunt says Airbus Brexit warnings are 'completely inappropriate'

It goes on to say that even though a free deal trade is "eminently possible", it believed it was "time" to move to a World Trade Deal under WTO rules "in light of the reluctance of the European Union swiftly to secure a free trade deal". German car...

Harley-Davidson responds to European Union tariffs by moving U.S. production overseas

Harley-Davidson will not raise its prices to avert "an immediate and lasting detrimental impact" on sales in Europe, it said. The company reports it sold about 40,000 motorcycles in the European Union market in 2017, and that "Europe is a criti...

Harley-Davidson, stung by tariffs, shifts some production overseas Harley-Davidson, stung by tariffs, shifts some production overseas

Harley-Davidson, up against spiralling costs from tariffs, will begin to shift the production of motorcycles headed for Europe from the U.S.to factories , to overseas facilities. could be severe. The Milwaukee company plans to make motorcycles des...

Tens of thousands march in pro and anti-Brexit rallies Tens of thousands march in pro and anti-Brexit rallies

Demonstrators carry placards as they participate in the People's March demanding a vote on the final Brexit deal, in central London on the second anniversary of the 2016 vote. Earlier this week, the plane-manufacturer Airbus warned that they coul...

Syria must be more secure before refugees return Syria must be more secure before refugees return

The prime ministers of Denmark, Belgium and Luxembourg also backed the idea of outsourcing the effort to tame migration, although they emphasized the need to respect worldwide law. Macron spoke Saturday after meeting with Spanish Prime Minister Pedro...

Barrels Of Bourbon Fall In Distillery Building Collapse Barrels Of Bourbon Fall In Distillery Building Collapse

Another angle of the warehouse collapse in Bardstown, Ky . Barton Brands, part of the privately-held Louisiana-based Sazerac Company, produces a wide range of spirits including Kentucky bourbon, gin, vodka, and tequila. WLKY is reporting the buil...

Rat breaches bank ATM in India, eats $18,000 worth of cash Rat breaches bank ATM in India, eats $18,000 worth of cash

Out of the 2.9 million rupees ($42,685) in the ATM, about 1.7 million rupees ($25,022) were undamaged and recovered from the machine. Police said rat may have entered the machine through a small opening meant for wires and no foul play on the par...

BoE's chief economist votes for rate increase BoE's chief economist votes for rate increase

The nine-member MPC was split 6-3, with Bank governor Mark Carney leading the group who voted to hold rates at 0.5%. Rather, they judged that a modest tightening of monetary policy at this meeting could mitigate the risks of a more sustained peri...

Greece 'turning a page' as eurozone declares crisis over Greece 'turning a page' as eurozone declares crisis over

European creditors will probably grant frontloaded debt relief to Greece by using the funds left over in the third bailout to buy out part of the IMF loans, said Miranda Xafa, senior fellow at the Centre for International Governance Innovation.

National take your pet to work day National take your pet to work day

Your workplace may have a few extra "employees" this Friday because today is National Bring Your Dog To Work Day , an annual fundraising event for charities helping man's best friend. As the name suggests, take your dog to work day is celebrated b...

Greek financial markets rally on deal paving to bailout exit Greek financial markets rally on deal paving to bailout exit

The flash composite output index rose to 55.6 in June, while the reading was forecast to remain unchanged at 54.2. The agreement concluded overnight in Luxembourg by finance ministers from fellow members of the 19-member eurozone grants Greece ...

'At least 100,000' attend march calling for vote on final Brexit deal 'At least 100,000' attend march calling for vote on final Brexit deal

Airbus Commercial Aircraft chief operating officer Tom Williams said any Brexit scenario had "severe negative consequences" for the United Kingdom aerospace industry, Airbus in particular. They don't want some sort of hopeless compromise, some perp...

You’re About to Pay Higher Online Taxes After Supreme Court Ruling You’re About to Pay Higher Online Taxes After Supreme Court Ruling

Some states will still have to pass new legislation to demand tax from out-of-state orders, and that isn't always guaranteed. Under the previous law, some companies did not collect sales tax on every online purchase. Many internet retailers had lea...

SCOTUS ruling has huge implications for online shopping SCOTUS ruling has huge implications for online shopping

The U.S. Supreme Court issued a ruling Thursday that will allow states to require internet retailers to collect sales taxes, even when they have no physical presence in the state. Mega online retailer Amazon surrendered in the fight against onlin...

Trump escalates trade war talks, threatens 20 percent tariffs on imported cars Trump escalates trade war talks, threatens 20 percent tariffs on imported cars

The EU and China said on Friday (1 June) they would expand trade and investment cooperation amid the global trade dispute triggered by USA tariffs. The deadline for completing the investigation is February, 2019, but Commerce Secretary Wilbur Ross...

Tesla 'saboteur' sued by automaker says he was whistleblower Tesla 'saboteur' sued by automaker says he was whistleblower

The lawsuit document, obtained by CNBC , stated Tripp "unlawfully hacked the company's confidential and trade secret information" and "transferred that information to third parties and also made false claims to the media about the information he ...

Ferrari 250 GTO could fetch $45m Ferrari 250 GTO could fetch $45m

Ferrari's 250 GTO was effectively the final evolution of the marque's famous 250 model, which debuted in 1953 and ended with the last GTOs in 1964. Ferrari built just 36 of them. The Italian gentleman racer entered his new auto in 10 races that ...

OPEC strives for deal to raise oil output as Iran resists OPEC strives for deal to raise oil output as Iran resists

After a day of diplomatic back-and-forth, ministers were increasingly positive on Thursday that a deal was within reach. An increase in Opec production will be particularly helpful for the VLCC market, which is on track for the worst year in hist...

The new Volvo S60 is predictable but good The new Volvo S60 is predictable but good

Seeing that both markets don't favour a diesel engine , Volvo has dropped the diesel option for the all-new S60. "The sedan segment and the SPA platform's proven ability to boost profitability offer significant growth opportunities for Volvo i...

IN CASE YOU MISSED IT