Tuesday August 21-st, 2018

Feds mull competitiveness changes this fall, after easing carbon tax thresholds Feds mull competitiveness changes this fall, after easing carbon tax thresholds

The government says other sectors may see adjustments to their greenhouse gas output measures, depending on further review of the impact of carbon pricing on their domestic and worldwide competitiveness, with revised draft standards expected by fall....

China Says U.S. Trade Pressure Won’t Work China Says U.S. Trade Pressure Won’t Work

Foreign Ministry spokesman Geng Shuang told a daily news briefing in Beijing that USA pressure on trade won't work, and that Beijing has always upheld using dialogue to resolve trade issues. China's top envoy called on the United States to remain "co...

Apple becomes first USA trillion dollar company Apple becomes first USA trillion dollar company

During the session, Apple's stock market value reached as much as $1.006 trillion. It was Apple's best two-day run since April 2014. Apple plowed by the one trillion dollar valuation mark on Thursday. During that time, Apple evolved from ...

Molson Coors wants to sell pot-infused drinks in Canada Molson Coors wants to sell pot-infused drinks in Canada

Molson Coors Brewing Co. has announced that its Canadian unit has signed a deal to help it develop cannabis-infused drinks in Canada. The companies are aiming to close the deal before September 30, pending certain conditions such as the "executi...

Apple Becomes The World's First $1 Trillion Company Apple Becomes The World's First $1 Trillion Company

It became the first $900 billion company exactly nine months ago, on November 3, 2017. The iPhone-maker's shares struck an all-time high of $207.05 during trading in NY, pushing its market capitalisation past the landmark trillion-dollar level to $...

China appeals for USA calm after new tariff threat China appeals for USA calm after new tariff threat

Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. China warned the US against "blackmailing" Beijing amid reports Wednesday that President Trump is considering higher tariffs to force...

Vietnam's manufacturing sector slows down in July Vietnam's manufacturing sector slows down in July

Caixin's manufacturing sector Purchasing Managers' Index printed at 50.8 for July, which was worse than a reading of 51.0 for June and economists' forecasts for it to remain at that level with a gauge for export orders falling from 48.8 to 48.4.

Apple has become the world's first trillion dollar company Apple has become the world's first trillion dollar company

Apple isn't the first company in the world to hit a trillion-dollar market cap; Chinese oil and gas company PetroChina beat it to the punch by more than a decade. Apple generates billions from hardware sales: It had $29.9 billion in iPhone sales,...

Turkey 'will retaliate' over U.S. sanctions as crisis grows Turkey 'will retaliate' over U.S. sanctions as crisis grows

Pompeo defended Wednesday's sanctions as a sign of how seriously the administration takes Brunson's case. "We consider this one of the many issues that we have with the Turks". "There might be problems between countries and there will be also dis...

Japanese yen mostly lower despite surging JGB yields Japanese yen mostly lower despite surging JGB yields

But while the BOJ announced some tweaks to its equity purchase programme and said its stimulus plan would be more flexible, the changes did not show any inclination for radical shifts from its accommodative stance. FAANG group: Facebook FB.O , Amaz...

Fed on course for third rate rise of year

The Fed's decision left its benchmark overnight lending rate in a range of 1.75 percent to 2.00 percent. "With the unemployment rate low, inflation near the target, but policy still accommodative, we continue to expect the Fed to hike two more t...

Google may help China censor sites Google may help China censor sites

These attacks and the surveillance they have uncovered - combined with the attempts over the past year to further limit free speech on the web - have led us to conclude that we should review the feasibility of our business operations in China.

US, EU: Officials Differ on Whether Agriculture Was Discussed US, EU: Officials Differ on Whether Agriculture Was Discussed

On the same day, U.S. Trade Representative Robert Lighthizer told a Senate committee that "we are negotiating about agriculture, period". Juncker said: "The European Union can import more soybeans from the USA and this is happening as we speak"...

Apple’s Stock Value Reaches $1 Trillion Total Apple’s Stock Value Reaches $1 Trillion Total

With the company pretty much taking over the world with the iPod and several subsequent revolutionary products, it's no surprise that they have just become the first publically-traded company to be valued at over $1 trillion. Other companies have com...

Oil prices mixed; Brent eases as trade tensions weigh Oil prices mixed; Brent eases as trade tensions weigh

It has rebounded to above $70 a barrel since April as the Opec cartel, which pumps a third of the world's crude, cut supplies to bring the market back into balance. Saudi Arabia , meanwhile, temporarily halted shipments via a key Red Sea shipping l...

McDonalds apologizes after Lethbridge mom served cleaning solution instead of latte McDonalds apologizes after Lethbridge mom served cleaning solution instead of latte

The first sip was enough to tell Ms Douglas that something was wrong with the drink. Later, when she returned to the restaurant to complain, a staff member told her that cleaning lines had been hooked up to the latte machine. But the milk in her dr...

Chipotle shuts OH restaurant after reports of illness Chipotle shuts OH restaurant after reports of illness

People reported symptoms such as vomiting, nausea, and fever to the website. Reports of illness first surfaced Sunday on the website iwaspoisoned.com, and surged into the hundreds following Business Insider's report. Chipotle stock fell more th...

Get ready to shop! Wisconsin sales tax holiday about to begin Get ready to shop! Wisconsin sales tax holiday about to begin

School computer supplies purchased by the consumer for personal use won't be taxed if items are under $250. This year's holiday begins at 12:01 a.m. This year, the state of Louisiana did not offer a tax free weekend which created extra shoppers h...

Interest rate rise means increased mortgage bills for millions Interest rate rise means increased mortgage bills for millions

V S Parthasarathy, chief financial officer, Mahindra Group: The rate hike should help temper inflation and hopefully provide a support to the Rupee. "Steel consumption also accelerated in May", the central bank said in a media release. It also expec...

Apple is first public company worth $1 trillion Apple is first public company worth $1 trillion

The iPhone maker's market capitalisation reached the figure in afternoon trading in NY as its shares rose above $207. The rally continued on Thursday, propelling shares to the magic number of $207.05 apiece. The rise is even more astonishing - 50,000...

Trump administration ups ante in trade fight with China

It is hoped that doubling the planned tariff rates will force China back to the table. In a tweet last month, US President Donald Trump suggested that China could be undermining a North Korean denuclearisation deal because of the ongoing trade ...

Fed keeps interest rates steady, stresses "strong economy and job market"

The Fed in its June policy statement had characterised the United States economic growth as "solid". "Information received since the Federal Open Market Committee met in June indicates that the labour market has continued to strengthen and that e...

Google Testing A Censored Search Engine Just For China

Google has been accused of being in "chilling" complicity with the Chinese government after plans for a censored version of its search engine were leaked. However, if/when that Android app launches, it won't be the same version of Google Search you...

Trump Administration Threatens Even Higher Tariffs On China Trump Administration Threatens Even Higher Tariffs On China

The Trump administration says it's looking into whether to increase the proposed tariff on 200 billion USA dollar worth of Chinese imports from 10 percent to 25 percent. The official called for talks that will be based on " equality and respect as ...

Bank of England hikes interest rates to 0.75%

Ahead of the three-day meet, which started on Monday in Mumbai, experts were divided in their opinion if the RBI would hike the key rates. While Repo rate is the rate at which the central bank lends money to the banks, the reverse repo rate i...

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