Finance

Trump slams Harley-Davidson as tariffs start to affect trade

Trump slams Harley-Davidson as tariffs start to affect trade By driving up the company's costs, Trump's tariffs are making it almost impossible for the 500-worker company to compete with cheap nails from China, Skarich said . President Donald Trump renewed his attacks on Harley-Davidson on Tuesday, threatening to tax the company for offshoring manufacturing and saying the iconic American motorcycles should "never" be built outside the United States. [Full Article...]

BMW has no plans to move production from Brexit Britain

BMW has no plans to move production from Brexit Britain His comments were echoed by BMW's United Kingdom boss Dr Ian Robertson, who expressed frustration that dealing with Brexit is taking the UK's eye off the ball at a critical time for the sector, when profound changes in materials, powertrain technology and even ownership present significant opportunities for growth. [Full Article...]

Trump threatens Harley-Davidson with a 'big tax'

Trump threatens Harley-Davidson with a 'big tax' With the import tariff hike (from six percent to 31 percent), the company estimates that the cost of shipping each bike from the U.S.to Europe will rise by $2,200. The event was supposed to be a chance for Walker to highlight the Taiwanese company's plans to invest up to $10 billion in the state and create 13,000 jobs. [Full Article...]

$117,000 a year considered 'low income' in some Bay Area counties

$117,000 a year considered 'low income' in some Bay Area counties Read the full story at CBS San Francisco . Jesus Galindo, an elementary school teacher in Richmond, California , who earns around $60,000 a year - considered low income for Contra Costa County by the report - told The Mercury News that his parents can no longer afford to live in the Bay Area. [Full Article...]

Iran protesters confront police at parliament

Iran protesters confront police at parliament The Iranian rial plunged to a record low against the U.S. dollar on the unofficial market on Sunday, continuing its slide amid fears of returning United States sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme. [Full Article...]

Pro-EU protesters march in London, demand new vote on Brexit

Pro-EU protesters march in London, demand new vote on Brexit While the governor of the Bank of England , Mark Carney, has warned the fallout for the finance industry is the single issue that makes him most "nervous" from the number of potential problems a disorderly Brexit could cause for the United Kingdom economy, the Bank has previously argued that adequate steps in the United Kingdom have been taken to prepare the industry for Brexit. [Full Article...]

Crude oil futures edge higher as focus shifts to United States inventories - Oil

Crude oil futures edge higher as focus shifts to United States inventories - Oil He said to make the organisation more attractive, the OPEC secretariat was designing a framework that would allow countries to join the organisation as part-time members. SINGAPORE, June 26 ― Oil prices rose today on uncertainty over Libyan oil exports, although plans by producer cartel Opec to raise output continued to drag. [Full Article...]

Donald Trump backs off imposing China investment limits

Donald Trump backs off imposing China investment limits The White House opted for a less confrontational approach with the USA economic rival and closer cooperation with Congress. "We'll see how they respond". The administration will still impose $34 billion in tariffs on Chinese goods effective July 6, and China has pledged to retaliate. And the mixed messages from the administration do not help Trump's negotiating position, he said. [Full Article...]

The inexorable decline of the Turkish lira under Erdogan

The inexorable decline of the Turkish lira under Erdogan And though in theory there are still some internal checks on his power, in practice little can be done to block his agenda and that of his ruling Justice and Development Party (AKP). Russian President Vladimir Putin has become one of the first world leaders to congratulate Recep Tayyip Erdogan on being re-elected as Turkey's president. [Full Article...]

Erdogan claims victory in Turkish election - but opponent disputes, claims manipulation

Erdogan claims victory in Turkish election - but opponent disputes, claims manipulation According to unofficial results that have yet to be confirmed by the electoral board, Erdogan garnered 52.5 percent of the votes, while his ruling Justice and Development Party, or AKP, won 42.5 percent in the parliamentary vote. A majority of 360 votes in parliament are required to take a constitutional change to referendum in the new executive presidential system. The men agreed that their c... [Full Article...]

Harley-Davidson To Shift Production Overseas To Offset EU Tariffs

Harley-Davidson To Shift Production Overseas To Offset EU Tariffs The president then claimed employees and customers are already angry at the company and moving production overseas would be the beginning of the end for Harley-Davidson. The Aura will be gone and they will be taxed like never before! "Trump added. ".A Harley-Davidson should never be built in another country-never! The tweetstorm comes one day after the president said he was "Surprised that... [Full Article...]

U.S. To Slam Restrictions On Chinese Investments As Trade Dispute Escalates

U.S. To Slam Restrictions On Chinese Investments As Trade Dispute Escalates The Trump administration's plan to deploy some of the most restrictive investment limits in its economic arsenal against China marks a setback for Treasury Secretary Steven Mnuchin's effort to take a less confrontational approach toward Beijing . [Full Article...]

Wisconsin's Harley-loving governor put in bind with Trump

Wisconsin's Harley-loving governor put in bind with Trump Walker said "he believes there should be no tariffs or trade barriers as the President stated earlier this month at the G7 summit", according to a spokeswoman. June 26: Trump was furious about Harley Davidson's relocation plan. But Mr. Trump responded to this week's announcement by menacing the company on Twitter Tuesday morning. [Full Article...]

US Tells Allies to Stop Buying Iranian Oil, Says Waivers 'Unlikely'

US Tells Allies to Stop Buying Iranian Oil, Says Waivers 'Unlikely' Despite this, Iranian President Hassan Rouhani on Tuesday blamed the United States for the Islamic Republic's economic woes in a speech televised on state-run TV and said Iran is in a "fight" with the USA, suggesting America is trying to damage the country by creating "an economic war". [Full Article...]

China, Europe warn trade war could trigger global recession

China, Europe warn trade war could trigger global recession The disagreements were also about US tariffs on $34 billion worth of Chinese goods that are scheduled to go into effect on July 6, which China said would trigger retaliation involving its imports of American soybeans and motor vehicles. A bill to make CFIUS reviews even tougher is making its way through Congress. According to the Rhodium Group, a research firm, Chinese investment in the United S... [Full Article...]

Trump slams Harley-Davidson plan to move some U.S. production overseas

Trump slams Harley-Davidson plan to move some U.S. production overseas Europe is becoming more important to the company as USA sales slump. The response came to President Trump's recent decision to slap tariffs on European imports. One of Trump's trade plans included leveraging tariffs against the European Union for steel and aluminum products. United States motorcycle sales peaked at more than 1.1 million in 2005 but then plummeted during the recession. [Full Article...]

Erdogan expects Turkey’s development level to reach the levels of Russia, US

Erdogan expects Turkey’s development level to reach the levels of Russia, US The AKP's results are expected to be lower than they were in the 2015 election, when the party received almost 50 percent, achieving a comfortable majority in the parliament. He also declared victory for the People's Alliance, an electoral cooperation between his ruling Justice and Development Party and the small Nationalist Movement Party , saying they had a "parliamentary majority" in the 600... [Full Article...]

Germany made 2.9B euros from Greek debt crisis

Germany made 2.9B euros from Greek debt crisis Eurozone Ministers on Thursday will try to resolve their differences over the terms of Greece's departure from its massive bailout programme with splits over the degree of debt relief needed by cash-strapped Athens. "We will ensure that the pressure to implement further reforms remains strong.in the medium and long term", said Austrian Finance Minister Hartwig Loger. [Full Article...]

AMC launches $20-a-month subscription plan to compete with MoviePass

AMC launches $20-a-month subscription plan to compete with MoviePass With AMC Stubs, you are allowed to see IMAX and 3D. But MoviePass later said its subscription service stopped working at those theaters because the tickets cost too much for moviegoers , according to the Deseret News . The latter company limits its subscribers to see one 2D movie a day and each unique movie can only be viewed one time. Introducing surge pricing to discourage MoviePass user... [Full Article...]

Eurozone gets deal to pave way for end to Greece's bailout

Eurozone gets deal to pave way for end to Greece's bailout These measures will be linked to Greece's performance after the end of its bailout, and will be disbursed in slices over the next four years as long as the country doesn't stray from its pre-agreed reforms and budget path. "After eight long years Greece will finally be graduating from its financial assistance", said Portuguese Finance Minister Mario Centeno, who presides over the meetings with his... [Full Article...]


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