Thursday July 19-th, 2018

China courts Europe investment as trade battle with U.S. intensifies China courts Europe investment as trade battle with U.S. intensifies

Hours before Washington's deadline for the tariffs was to take effect, U.S. President Donald Trump upped the ante, warning that the United States may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount of U.S.

Thailand cave rescue: Operation resumes for remaining boys Thailand cave rescue: Operation resumes for remaining boys

Some of the boys' parents told Reuters they had not been told who had been rescued and that they were not allowed to visit the hospital. "We've used all the oxygen", Narongsak said, adding that the clock is continuing to tick for the remaining bo...

Michael Gove urges hardline Tory Brexiteers to back Prime Minister's Chequers plan Michael Gove urges hardline Tory Brexiteers to back Prime Minister's Chequers plan

Repeatedly pressed on whether the new immigration system would offer preferential access to EU citizens, Mrs May said: "We need to look at that in the context of the wider rules we have for immigration from outside of the European Union and we will...

U.S. adds 213000 jobs in June, unemployment rate jumps to 4%

The U-6 unemployment measure-which includes those who have given up searching for work, are marginally attached to the labor force (due to lack of steady employment), and those who are forced to work part-time but would like to work full-time-also mo...

USA authorities temporarily lift ZTE ban USA authorities temporarily lift ZTE ban

China's embattled ZTE Corp (000063.SZ) has named a set of new top executives, including CEO and CFO, to comply with its deal with the United States to get a supplier ban lifted, the Wall Street Journal reported on Thursday. They are the latest addi...

Cubist Systematic Strategies LLC Sells 5,436 Shares of BHP Billiton plc (BBL) Cubist Systematic Strategies LLC Sells 5,436 Shares of BHP Billiton plc (BBL)

BBL's shares were trading -8.33% below from the 52-week high price and 39.99% above from the 52-week price bottom. 2132038 shares traded on hands while it's an average volume stands with 2365.56K shares. This discount could be the result of weak m...

Netflix Is Removing All Online Reviews, and Testing Out Pricier 'Ultra' Plan Netflix Is Removing All Online Reviews, and Testing Out Pricier 'Ultra' Plan

Users in European countries like Germany and Italy have already reported seeing this addition to the list of subscription plans, according to Cordcutting.com , with Ultra being priced at €16.99 (roughly £15 GBP or $19.90 USD). Netflix is now working...

Trade Deficit Narrowed to 19-Month Low in May

Exports increased $84.5 billion or 8.8 percent. Canada in May imported 2.9 percent more goods from countries other than the U.S., its leading trade partner. Volume rose sharply, as several Canadian refineries were temporarily shut for the month, wh...

The rise in the United States unemployment rate isn’t bad news The rise in the United States unemployment rate isn’t bad news

The job growth shows the labour market shrugging off worries about a slowdown triggered by trade fights or rising borrowing costs. One reason that some employers may not be feeling pressure to raise wages is that more people are beginning to look f...

Sonos files to go public as it amps up its speaker game Sonos files to go public as it amps up its speaker game

In the filing, Sonos claims to have over 19 million registered products in approximately 6.9 million households globally. Despite generating $992.5 million in revenue in the 2017 fiscal year, the company reported a net loss of $14.2 million.

Job growth remains steady, but jobless rate ticks higher Job growth remains steady, but jobless rate ticks higher

Despite strong hiring, wage growth remained sluggish, and was effectively erased by inflation: average hourly earnings rose just 0.2 per cent to US$26.98, putting wages up 2.7 per cent over the same month a year ago, the same as the 2.7 per cent ri...

Facebook's Zuckerberg passes Warren Buffett as world's third-richest person Facebook's Zuckerberg passes Warren Buffett as world's third-richest person

Zuckerberg, 34, is now worth roughly $81.6bn (£61.4 bn) after shares in Facebook climbed 2.4 per cent yesterday, making him roughly $370m richer than the 87-year-old business magnate and chairman of Berkshire Hathaway . In 2014, Cambridge Analytica...

Federal Reserve looks ahead to more, gradual interest rate hikes Federal Reserve looks ahead to more, gradual interest rate hikes

Signalling that two more increases are likely in 2018 to stay ahead of inflation, the rate-setting Federal Open Market Committee said the projected rises would still allow the U.S. In the Fed's latest projection, the neutral rate stood at 2.9 percent...

U.S. adds 213,000 jobs in June, unemployment rate jumps to 4%

Automakers added 12,000 jobs in June, but the tariffs could weigh on that industry's job growth in the coming months. The unemployment rate nevertheless saw a small uptick. Before June's record, the lowest monthly Hispanic-Latino unemployment rate si...

Oil prices climb on tightening United States market Oil prices climb on tightening United States market

USA crude oil stockpiles unexpectedly rose last week, as imports grew and refineries cut output while gasoline inventories decreased almost double forecasts, the Energy Information Administration said on Thursday. Brent, the global benchmark, shed ...

China rejects 'blackmail' on eve of United States tariff hike China rejects 'blackmail' on eve of United States tariff hike

Beijing has retaliated in kind, placing new charges on goods to the same value. It's the first time the US has imposed tariffs aimed just at Chinese goods and follows months of accusations that Beijing stole American intellectual property and unfai...

Micron shares plummet after China bans chip sales Micron shares plummet after China bans chip sales

UMC filed patent infringement lawsuits against Micron with the mainland China courts in January, 2018, covering three areas, including specific memory applications related to DDR4, SSD and memory used in graphics cards. Under the Chinese yuan-de...

China imposes retaliatory duties on 800 goods from US China imposes retaliatory duties on 800 goods from US

Chinese companies and investors girded for the worst, while economists cautioned any impact on the economy would be minimal. 'There are no winners in a trade war, ' said the chamber's chairman, William Zarit, in a statement . While the Chinese gov...

New Brunswick's economy bled 1,100 jobs in June, pushed unemployment rate up New Brunswick's economy bled 1,100 jobs in June, pushed unemployment rate up

The labour force expanded by 75,600 in June, the biggest one-month increase in six years, Statistics Canada reported Friday from Ottawa. The unemployment rate rose as an additional 601,000 Americans entered the labor force, meaning a strengthenin...

China warns U.S. is 'opening fire' on global economy with tariff threats China warns U.S. is 'opening fire' on global economy with tariff threats

Those caught in the initial line of fire - USA farmers facing tariffs on their exports to China , for example - are already hunkered down and fearing the worst. Trump said additional Chinese products worth $ 16 billion would face additional duties "...

Elon Musk's team in talks with Thailand about rescue Elon Musk's team in talks with Thailand about rescue

James Yenbamroong, founder and chief executive of Thai satellite communications business Mu Space Corp, said that SpaceX, Mr Musk's aerospace and transportation business, had "reached out to us today to help connect to Thai govt". Adding: "Boring...

Business hiring forges ahead in June, with 213,000 jobs added

It fell 0.8% from May to 59.8% in June. That could boost the annual increase in average hourly earnings to as high as 2.9 percent, the largest gain since June 2009, from 2.7 percent in May. The unemployment rate moved up last month despite the addi...

Barton 1792 whiskey warehouse collapses Barton 1792 whiskey warehouse collapses

Half of those barrels were affected by the initial collapse, and the rest were piled up in what a spokesperson for Nelson County Emergency Management described to CBS News as "a mountain of bourbon barrels". Despite efforts taken to contain the spill...

Tesla rattled as questions asked over Model 3 quality Tesla rattled as questions asked over Model 3 quality

But the company still only managed to crank out an average of 2,198 per week for the quarter. The last 12 months were some of the most hard in Tesla's history, and we are incredibly proud of the whole Tesla team for achieving the 5,000 unit Mode...

Boeing, Embraer forge $4.75 billion commercial jet venture Boeing, Embraer forge $4.75 billion commercial jet venture

Under the terms of the deal, Boeing will hold an 80 percent stake valued at Dollars 3.8 billion, the companies said in a release Thursday, while Embraer will hold the remaining 20 percent. Boeing and Embraer also said they'd eventually reate a separa...

IN CASE YOU MISSED IT