recorderjournal.com

Business

US, Canada trade agreement within reach as Trump piles pressure on Trudeau

US farmers say that's a violation of Canada's trade commitments. Otherwise, the USA and Canada can make their own separate trade agreement, while Canada and Mexico can choose to have another bilateral deal on their own as well. The interview took place days after Canada and the USA broke off formal negotiations - talks which resumed Tuesday - after the government presented a slimmed-down set of proposals aimed at getting a quick deal.

Business

US, Mexico Reach New Trade Agreement

Shares of Canadian auto parts makers like Magna International Inc. and Linamar Corp. were among those to surge. " Canada shouldn't have a problem signing on to this", Ashworth said . But "it isn't like Canada is coming in at the last minute", another official said. "It's no longer what the United States was putting first in any way."The decades-old trilateral trade agreement has been a frequent target of Trump, who has criticized large trade deficits the US has with Mexico and Canada, as ...

Business

Global Stocks Rise as U.S., Mexico Near Trade Deal

The negotiations were "difficult" at times, Peña Nieto said, but added that the new framework would boost productivity in North America. But as the Oval Office pushback showed, there are more reasons than usual to be skeptical of Trump's sales pitch on the new free trade agreement.

Business

Donald Trump announces new trade deal with Mexico

On Monday, President Trump called in the TV cameras to record a speakerphone call with Mexican President Enrique Peña Nieto on NAFTA negotiations . The New York Times and The Washington Post reported the agreement, and the White House said it would make an announcement Monday about the trade deal.

Business

Donald Trump accuses Michael Cohen of lying under pressure

A majority of the House is required to impeach a president. That disclosure, first reported by CNBC , was found in legal documents released on Tuesday as part of Cohen's plea deal. "It's depressing that this president has surrounded himself with such rogues", says Gil Troy, a presidential scholar at McGill University in Montreal.

Business

Markets rattled as Turkish lira dives to record lows

The U.S. has decried the charges as false and has demanded Brunson be released. Forecasters have expected economic growth to decline since regulators tightened lending controls past year to rein in surging debt. "Turkey is facing an economic war". The Turkish strongman also pointed out that Turkey was considering other markets and political alternatives to its "strategic partnership" with Washington.

Business

Why Trump's Turkey Tariffs Are Worrying Investors

At the beginning of August, the U.S. Treasury Department sanctioned Turkey's ministers of Justice and Interior because of Brunson's detainment. Erdogan's speech caused the value of the lira to drop even further. The currency had spent much of 2014 hovering at just over two to the dollar but broke through the three mark for the first time after the 2016 failed coup bid and then slid to four earlier this year.

Business

Bank of England raises key interest rate

The Bank of England has raised interest rates above 0.5 per cent for the first time in almost a decade in a decision that will affect millions of savers , mortgage holders and borrowers across the UK. A bigger or smaller majority for an increase could be seen as a sign that the committee is more or less likely to move again soon on rates. RBI had last raised the repo rate on June 6 by 0.25 per cent to 6.25 per cent.

Business

Trump's trade policy seems to be working at cross purposes

The White House has also itemized $200 billion of additional Chinese imports that it said may be subject to tariffs. Campbell Soup Co. warned financial analysts in May that its margins could take a hit in the year starting in August due to the anticipated import tariffs.

Business

Mark Zuckerberg just lost almost $16 billion in one day

The personal wealth of Facebook co-founder and chief executive Mark Zuckerberg took a major hit. Facebook Inc .'s scandals are finally hitting the company where it hurts: growth. Despite Thursday's market dive, Facebook is still valued at over $500 billion (€430 billion) - roughly the level it was at in early May. In North America, the daily user number was flat at 185 million, and in Europe it actually declined by three million people a day.

Business

USA and Europe reach trade truce. For now

Mr Trump tweeted that China was specifically targeting USA farmers with retaliatory tariffs because "they know I love & respect" them. The assistance will go into effect in September, months after President Donald Trump ordered Agriculture Secretary Sonny Perdue to prepare some options, the Washington Post reported .

Business

U.S. and EU agree to work on trade barriers

Harley-Davidson says it expects new tariffs to increase the company's annual costs by as much as $100 million as long as the trade dispute between the USA and other countries goes on. Agricultural equipment makers Deere & Co. and Agco both advanced, but General Motors, Ford and Fiat Chrysler all fell. He said the administration is now focused on resolving the steel and aluminum tariffs.

Business

Facebook market value plunges $119 billion

Facebook chief executive Mark Zuckerberg's fortune took a more than $15 billion hit yesterday as the social media company suffered the biggest one-day wipeout in USA stock market history. New European privacy rules , inspired in part by Facebook's relentless mining of its own users' data, are starting to hamper the company's advertising business.

Business

Donald Trump Says US And EU Will Work Towards 'Zero Tariffs' Trade

What Trump described as a "big day" came after he slammed the European Union for months only to predict earlier Tuesday before his meetings with Juncker that he thought they would strike a trade deal that will be "good for everybody". All this comes after President Trump's administrator slapped tariffs on $34 billion in Chinese goods. European Commission spokesperson Kinga Malinowska said that Juncker had not yet made any concessions.

Business

Trump's re-election banners could get hit by his own China tariffs

Sen. Bob Corker, R-Tenn., said the administration was putting farmers on welfare. EU Trade Commissioner Cecilia Malmstrom, who will accompany Mr Juncker, expressed hope for a "de-escalation" of the tensions, but said the EU is drawing up a list of more USA products that could be hit with retaliatory duties if the trip fails.

Business

Trump Trade War- China vows to adopt countermeasures

Kudlow said on Wednesday that Xi was "holding the game up". The WTO has "not worked well, or not as well as it was meant to work when China was brought into the WTO in the year 2000", Treasury Undersecretary for International Affairs David Malpass said at an event in Washington on Monday.

Business

US defence chief visits China as tensions simmer

Trump has blamed past USA administrations for being soft on China and allowing the country to become dominant in manufacturing, including in products like steel and aluminum, which are subject to U.S. barriers on imports of aluminium and steel, triggering threats of further tariffs on European cars from Trump. He said markets have misunderstood the president's plans.

Business

Ninth year in a row ICU proves to be the leader in Ukrainian Fixed Income Market – Cbonds

The ranking was conducted by a news agency Cbonds based on the data of “Ukrainian stock traders” Association, which has official financial reports from the market operators – members of the association. Ukrainians began to give priority to the reliability of investments after a mass removal of insolvent and "pocket" banks from the market.” - said the managing partner of ICU Konstantin Stetsenko.

Business

Markets Right Now: Stocks fall on fresh worries over trade

Trump is gambling that Beijing has the most to lose. White House trade adviser Peter Navarro, who views China as a hostile economic and military power, said on Tuesday that China has underestimated Trump's resolve to impose more tariffs unless it changes its " predatory " trade practices.

Business

Sieren's China: Trump flexes his muscle in brewing trade war

The United States has now threatened five different rounds of tariffs on Chinese goods whose collective worth is close to $ 500 billion . Late Monday, Trump also announced he might pursue $ 200 billion more in tariffs on Chinese goods, though it was unclear whether the list would include more chips or computing products that might impact Intel.

Business

China Retaliates With New Tariffs as Trump’s Trade War Escalates

China said it would retaliate with $US50 billion in tariffs in response, rattling financial markets. Trump has already said the United States would hit another $100 billion of Chinese imports if Beijing retaliated. However many economists and businesses in the USA say the tariffs are likely to hurt some of the sectors the administration is trying to protect, which depend on China for parts or assembly.

Business

Dennis Rodman Jokes About Trump Winning Nobel Peace Prize

Rodman said that the White House contacted and thanked him. "Regarding the peace mechanism, I want to say China is an important party to the Korean Peninsula affairs and also signatory to the Armistice treaty". The statement comes just hours after Trump and Kim's historic summit on North Korean nuclear weapons. As part of the inter-Korean thaw, the Games were attended by North Korea and there was concern the military exercise could jeopardise the rapprochement.

Business

Japan's Abe: 'Great meaning' that North Korea's Kim promised complete denuclearization

We're going now for a signing". But the devil remains in the details, and everybody is mum so far on what those details are, exactly. Mr Lee, it said, complimented "the bold and admirable decision" by Mr Kim and Mr Trump to come together for the summit .

Business

Trump says United States not to endorse G7 communique

But in an apparent nod to Trump, it also pledged to push for swift reforms to the World Trade Organization which the USA president has said has been a "disaster" for his country. "The EU trade surplus with the United States is $151bn, and Canada keeps our farmers and others out". G7 leaders issued a joint pledge Saturday to combat protectionism and cut trade barriers as they wrapped up a fractious summit in Canada soured by a row over the United States imposition of tariffs on its allies.

Business

Apple's biggest conference of the year

Last month, Google unveiled a "digital well-being" initiative at its I/O developers' conference, including new features for Android smartphones that make it easier to activate no-distraction modes and get feedback about excessive app use.

Business

Cos with European Union ops face liabilities due to GDPR

Fear of these fines motivates much of the work being done, of course, but GDPR already shows that regulation can help to tame the behaviour of the tech giants. The digital advertising company Drawbridge, the social media tracker Klout and the save-it-for-later reading app Instapaper also stepped back. There are probably some businesses that don't realize that their mailing list is global.

Business

Hello? This is Google's AI calling

Here are 10 that really matter. Google I/O and Google Assistant logos. The technology giant is under fire after designing artificial intelligence that can converse over the phone, mimicking a human voice. You can continue to chat with the Assistant without saying the wake word, and a simple thank you, would be a cue for it to stop. A lot of things could still change until the Google Duplex launch, so we will just have to wait and see how Google reacts to the controversy.

Business

Walmart officially acquires 77 percent stake in Flipkart

The fact that most of it was already owned by foreign companies or that it is domiciled in Singapore didn't stop people from feeling pride about this Indian firm that had grown so quickly. With platforms such as Myntra, Jabong and PhonePe, Flipkart is positioned to leverage its integrated ecosystem, which is defined by localized service, insights into customers and an efficient supply chain.

Business

Walmart buys 77% stake in India's Flipkart for US$16 bln

This includes unwinding its commercial agreements with Flipkart and terminating Flipkart's license to use the eBay.in brand. In a country where hyper-local mom-and-pop stores dominate, Walmart and Amazon are betting that groceries will emerge as a sweet spot.

Business

After Sixers OT loss to Celtics, Embiid wondering where foul calls were

Boston took the first two games at home, and looked like it had the win in regulation of Game 3 after a disastrous turn of events from the 76ers. "Everything I'm able to do I've been doing in this series", Embiid said. The Louisville product again played well with 18 points, 7 rebounds, 3 assists and 2 steals to go with no turnovers. Al Horford's new and improved nickname appears to have stuck.