http://www.latimes.com/resizer/JwajC30DsgtnwKv6w9UojN_03Og=/1400x0/www.trbimg.com/img-5b3e4155/turbine/la-1530806609-9wi9cr5gp8-snap-image

Finance

The 25 percent tariffs , costing China roughly $34 billion, kicked in on Friday in Beijing , CNN reported . Hikaru Sato at Daiwa Securities said markets had already factored in the impact of the first round of tariffs. The organization says some states - such as Alabama, Texas and Wisconsin, where Harley-Davidson is based - are likely to see upward of $1 billion in state exports threatened by a trade war with multiple fronts.
  • Oil inches up on tighter USA supply, looming Iran sanctions

    Oil inches up on tighter USA supply, looming Iran sanctions

    Finance

    While OPEC is facing mounting pressure from Trump to do more , America's sanctions on group members Iran and Venezuela are adding uncertainties, just as United States tariffs on Chinese goods kick in on Friday. Brent crude declined from its $115 per barrel peak in June 2014 to below $30 in January 2016 before recovering to its current price of around $78.
  • Saudis weigh lure of higher oil prices as USA asks for more

    Saudis weigh lure of higher oil prices as USA asks for more

    Finance

    Trump's administration in early May said that it would renew usa sanctions on Iran and has sought to reduce other foreign buyers' purchases of Iranian oil . Apparently, Saudi Arabia's game of confusing oil markets worked back then, and it's working now. Turkish authorities were the first to downplay sanctions, when Ibrahim Colin, spokesman for Turkish President Erdo?an, said that Turkey does not accept the USA threat and it will not adhere to US sanctions on banning oil imports from ...
  • Modi government approves Rs 200 hike in MSP for paddy

    Modi government approves Rs 200 hike in MSP for paddy

    Finance

    Announcing the Cabinet's "historic" decision, Union Home Minister Rajnath Singh said that the MSP for common grade paddy has been increased from Rs 1,550 per quintal to Rs 1,750 per quintal, an increase of almost 13 per cent. Exclusion of rental value or interest on the value of owned capital assets in calculating MSP is direct discrimination on the part of small, marginal and tenant farmers who constitute to more than 86 per cent of total farmers in the country.
  • Trump moves to block China Mobile from United States market

    Trump moves to block China Mobile from United States market

    Finance

    The U.S. and China have quarreled this year over trade, and U.S. officials have alleged that China engages in widespread theft of intellectual property. If the deal went through, Redl wrote, "the Chinese government, through China Mobile , would have a greater ability to monitor, degrade and disrupt USA government communications".
  • Asian markets wobble as China-US trade tensions rise

    Asian markets wobble as China-US trade tensions rise

    Finance

    President Trump launched an investigation by the Department of Commerce into whether auto imports pose a national security threat and has threatened to impose 20% tariffs on cars imported from the EU. The new campaign, detailed first to Reuters , will provide an analysis of the financial hit each usa state stands take from potential retaliation to Trump's tariffs.
  • HNA chairman Wang died falling off wall in France, says police source

    HNA chairman Wang died falling off wall in France, says police source

    Finance

    Wang was instrumental during HNA's era of empire-building and its subsequent dismantlement. Wang "accidentally fell causing serious injury, and attempts to rescue him were ineffective", the firm said in a statement. Wang was an inspirational figure at HNA and built the group into one of China's leading conglomerates after humble beginnings as a small provincial airline in Hainan Province.
  • Hyundai Might Buyout Fiat Chrysler

    Hyundai Might Buyout Fiat Chrysler

    Finance

    A possible tie-up between the two auto groups is expected to happen in the not-too distant future. The sources claim HMG CEO Chung Mong-koo is biding his time, waiting for FCA's stock to fall before moving forward on the potential takeover.
  • Twitter stink over Trump's plans to blow up WTO with FART act

    Twitter stink over Trump's plans to blow up WTO with FART act

    Finance

    Responding to questions over a safety warning to Chinese citizens traveling to the United States issued by the government late last week, Lu, the foreign ministry spokesman, said the government was merely fulfilling its duty to warn travelers of "potential dangers".
  • Lakers fans go wild after LeBron James announcement

    Lakers fans go wild after LeBron James announcement

    Finance

    On one hand, the Lakers have LeBron James, JaVale McGee , Rajon Rondo , and Lance Stephenson . In particular, the Boston Celtics will benefit the most as they have crashed out in the Conference Finals stage in the last two years, both times notably to a James-led Cleveland Cavaliers team.
  • Over 40 countries object at WTO to U.S. car tariff plan

    Finance

    White House aides who President Trump ordered to draw up a bill to have the nation get around WTO trading rules came up with an odious response: the FART Act. Axios reported that " most officials involved in the bill's drafting. think the bill is unrealistic or unworkable". U.S. President Donald Trump warned the World Trade Organization on Monday that "we'll be doing something" if the United States is not treated properly, just hours after the European Union said that U.S.
  • Trump lashes out at Saudi Arabia, urges increased oil supply

    Finance

    Crude soared above $75 a barrel in NY for the first time since 2014 on signs global supply outages outweigh OPEC's pledged production rise. Iran also urged fellow OPEC nations , including rival Saudi Arabia, to stick toan agreement made last month to collectively boost output.
  • New Trump tariffs may force Moog to lay off workers

    New Trump tariffs may force Moog to lay off workers

    Finance

    Asian exporters lost momentum last month even before tariffs on US and Chinese goods kick in this week, pressuring regional factory activity in a worrying sign the Trump administration's "America First" protectionist policies could derail global growth.
  • 'Impeach 45' apparel leads to Walmart boycott threats

    'Impeach 45' apparel leads to Walmart boycott threats

    Finance

    Walmart is catching fire on social media after shoppers caught sight of a T-shirt being sold through its third-party marketplace that says " Impeach 45 ", referring to President Donald Trump . This is not the first time Walmart has gotten into some hot water for a t-shirt offered for sale. On June 27, Walmart announced that it was introducing a 3D virtual shopping tour on its website, as the retailer pours billions of dollars into beefing up its e-commerce business.
  • German coalition fracturing over immigration issues, Seehofer set to resign

    German coalition fracturing over immigration issues, Seehofer set to resign

    Finance

    In shoring up her job and the government for now, she may have created a ripple effect that will spread out to the rest of the European Union soon. "We have agreed a new regime on the German-Austrian border that means we can prevent asylum seekers, whose asylum process is the responsibility of other European Union nations, from entering the country", the CDU-CSU said in a joint statement.
  • With Widespread Support, Lopez Obrador Wins Mexico’s Presidency

    With Widespread Support, Lopez Obrador Wins Mexico’s Presidency

    Finance

    Promising to combat corruption and drive down record crime rates, Mr Lopez Obrador captured 53 per cent of the vote, according to preliminary results - a historic victory for the party he created. Josefina Serrano, 44, who rode eight hours from Sacramento on a bus organized for voters, said she voted for Lopez Obrador because she was exhausted of corruption and violence in Mexico, as well an anti-Mexican attitude in the United States.
  • New Mexican president offers cuts to US-bound migration

    New Mexican president offers cuts to US-bound migration

    Finance

    Leftist candidate Andres Manuel Lopez Obrador - a known opponent to Trump policies - is now slated to be headed for the win. "I confess that I have a legitimate ambition: I want to go down in history as a good president of Mexico", said Lopez Obrador, who had lost in the previous two presidential elections.
  • Lyft buys Citi Bike owner Motivate in move into bike-sharing business

    Lyft buys Citi Bike owner Motivate in move into bike-sharing business

    Finance

    As part of the deal, Lyft will now own Motivate's technology, including its apps, bike-tracking services, customer support, and bicycle maintenance systems. The ride-hailing rivals are also competing in the scooter-sharing market. The only problem? Uber kind of beat them to that particular revolution . It will continue to provide service to bike-share programs.
  • What Mexico's new leader really thinks about Donald Trump

    Finance

    Lopez Obrador also spoke of support for migrants and said the most forgotten and humble people of Mexico will be given preference in his government. Obrador, like Trump, has painted himself as an outsider who is singularly positioned to purge the Mexican government of corruption and waste, and vows to fight the criminality endemic in Mexican governmental institutions.
  • Trump’s automotive tariffs could cost the USA $294 billion

    Finance

    According to the Financial Times, European leaders are getting more convinced that President Donald Trump will put new tariffs on European cars. Trump's threat was the latest salvo in an escalating trade war that saw the EU slap duties on US-made jeans and Harley Davidson motorcycles in a tit-for-tat response to USA tariffs on European steel and aluminium exports.
  • Amazon's Answer To StitchFix Officially Launches Today

    Amazon's Answer To StitchFix Officially Launches Today

    Finance

    However, Amazon claims to have an edge over it's competitors, having tweaked the model used by StitchFix and Norstrom's Trunk Club. Prime subscribers choose three to eight items of clothing for delivery. The logic is that in-home try-on eliminates the obstacle to online clothing shop and when it's easier to send items back, more people may shop. Amazon Prime members can now sample clothes for free.
  • The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

    The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

    Finance

    The European Union says that for some goods, such as trucks, United States import duties are higher. "They send a Mercedes in, we can't send our cars in". In the interview the president again complained about Canada's protected dairy industry, saying "that's not fair". China is planning a 25 percent tariff on soybeans and pork.
  • Trump threatens action on WTO after reports he wants to withdraw

    Finance

    Trump is again denying plans to withdraw the US from the WTO but tells reporters in the Oval Office that the trade organization needs to change its ways. "The only way this would be news is if this were actual legislation that the administration was preparing to roll out, but it's not", she said. But many diplomats say quitting the WTO would not be in the USA interest, and the WTO has said it has never had any indication of Trump intending to leave.
  • Dude, Dell is going public again

    Dude, Dell is going public again

    Finance

    VMware is the networking software company Dell acquired when it bought EMC. The move will mark the culmination of a strategic review that Dell has been conducting for several months as it has sought to consolidate its complicated ownership structure without overburdening its balance sheet, which bears around $50 billion (£37.97 billion) in debt.
  • Bron: James agrees to 4-year contract with Lakers

    Bron: James agrees to 4-year contract with Lakers

    Finance

    His management agency, Klutch Sports Group, announced his agreement with the Lakers with a simple, short release. "This will always be home", James posted on Instagram with a photo of the Cavaliers' championship parade. This year, the Cavs made the NBA Finals for the fourth season in a row but were beaten to the title by the Golden State Warriors . James led the Cavaliers to a NBA Championship in 2016, when they upset the Warriors and shocked the world after being down 3-1 in the ...
  • HTC to lay off nearly a quarter of its workforce

    Finance

    With HTC just as well-known for its Vive VR headset as its phones these days, the company made a decision to merge the two divisions into one at around the same time as the layoffs. Hence, it should come as no big surprise that the Taiwanese maker of mobile handsets and VR headsets is now looking to lay off a whopping 1,500 employees in a last-ditch effort to "more effectively and flexibly" manage resources going forward.
  • Trump's tariffs 'undermine our ability to compete' (GM) — GM WARNS

    Trump's tariffs 'undermine our ability to compete' (GM) — GM WARNS

    Finance

    The US leader had already threatened to impose tariffs on cars imported from the European Union, in response to the bloc's retaliatory tariffs last week on popular US products including jeans, bourbon and motorcycles. The bloc argues that for some goods, such as trucks, U.S. import duties are higher. This is based on a letter, reported by the Financial Times , from the European Commission to the U.S.
  • Trump denies pulling out of WTO; says it treats US 'very badly'

    Trump denies pulling out of WTO; says it treats US 'very badly'

    Finance

    President Donald Trump denied today he is planning to withdraw the United States from the World Trade Organization. "The president has been clear with us and with others he has concerns about the WTO ". That it's not a reciprocal tariff". The statement by U.S. Ambassador Dennis Shea threatened to erode a key element of trade enforcement at the 23-year-old WTO: binding dispute settlement, widely seen as a major bulwark against protectionism.
  • Trump's tariffs 'undermine our ability to compete — GM WARNS

    Trump's tariffs 'undermine our ability to compete — GM WARNS

    Finance

    In comments filed with the Commerce Department, which is evaluating whether auto imports threaten US national security as the president has suggested, GM said the new tariffs would hurt the economy. He said the impact of tariffs on the price of a GM auto was equivalent to "a luxury floor mat". However, a January Reuters article says that success will depend more on Chinese plants and employees, while GM North America would keep producing more traditional vehicles, like trucks.
  • Saudi King To Trump We Will Boost Oil Output If Needed

    Finance

    The developments were preceded by US President Donald Trump tweeting about his telephone talk with Saudi King Salman bin Abdulaziz Al Saud, who allegedly agreed to Washington's proposal to increase Riyadh's daily oil production to two million barrels.
  • Canada Imposes Major New Tariffs on American Goods

    Canada Imposes Major New Tariffs on American Goods

    Finance

    Prime Minister Justin Trudeau was in Regina to celebrate Canada Day with Canadian Steel workers. The current NAFTA talks began a year ago after Trump called for the agreement to be renegotiated to better serve US interests. Canada on Friday hit back at the US with retaliatory tariffs on summertime essentials, including Florida orange juice, ketchup and Kentucky bourbon, in its opening salvo in a trade war with US President Donald Trump .
  • Trump blasts OPEC over manipulating oil markets

    Trump blasts OPEC over manipulating oil markets

    Finance

    The White House later walked back the president's comments, saying the king had said his country could raise oil production if needed. Oil prices rose last week on worries that USA sanctions against Iran would take away significant volumes of crude oil from world markets while oil demand worldwide increases .
  • Elon Musk calls Tesla 'a real auto company'

    Elon Musk calls Tesla 'a real auto company'

    Finance

    Musk also revealed that the company produced 2,000 of its more expensive Model S and Model X cars, bringing the total number of cars produced to 7,000 in one week and triggering celebrations from workers across the company. That is a sentiment shared by Dave Sullivan, manager of product analysis at market research firm AutoPacific Inc. "Consistently producing 5,000 per week with outstanding quality is another".
  • Januzaj scores the only goal as Belgium beat England by 1-0

    Januzaj scores the only goal as Belgium beat England by 1-0

    Finance

    But that might not be the case when England take on Belgium at Kaliningrad Stadium in the World Cup tonight, as both sides could benefit from defeat. "For some of them, this will be one of the biggest games they'll have been involved in, but maybe not the biggest". When Courtois' comments were put to him, Southgate added: "I remember when we were talking about young goalkeepers at a conference once".
  • Norwegian crew member who went overboard found 22 hours later

    Norwegian crew member who went overboard found 22 hours later

    Finance

    The United States Coast Guard says it was searching for a missing crewmember Saturday from the cruise ship The Norwegian Getaway 28 miles northwest of Pinar del Rio, Cuba. "Kudos to the Carnival Glory team for this incredible effort to rescue a fellow seafarer". "We had a Coast Guard cutter join the search". The man was spotted going overboard at 3:10 Saturday.
  • Saudi Arabia confirms call with Trump on oil market stability

    Saudi Arabia confirms call with Trump on oil market stability

    Finance

    Later on Saturday, the official Saudi Press Agency (SPA) said King Salman had spoken to Trump on the need to maintain oil market stability and global economic growth, but gave no further details about an output rise. Brent crude , the global benchmark, was selling Friday for over $79 a barrel, and there is talk that in certain circumstances a return to $100 a barrel oil is possible.