Markets

Trump says Harley-Davidson's planned overseas move will be its 'end'

He claimed that the iconic US company was using increased trade tensions as an excuse to justify planned changes in manufacturing. Trump tweeted . "Their emplo...


Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Harley-Davidson said on Monday that it would lose as much as $100 million per year because of European Union tariffs on motorcycles that it ships from the Unite...


Trump backs off restricting China investment

After fears that Trump would introduce harsh measures to curb Chinese investment in US-based technology companies, the USA president made a decision to use less...


Mattis becomes first US defense chief to visit China under Trump

New export controls would make it more hard for USA firms to sell technology to China if Washington deems it to be "industrially significant". The former USA ...


Crude oil continues to run. Up 1.9% on the day

In addition, top exporter Saudi Arabia plans to raise output to make up for lost supplies. Libya's economy relies heavily on oil, with production at 1.6m barr...


Facebook Reverses Ban on Cryptocurrency Ads, Maintains Ban on ICOs

Today's announcement says the company has been looking into the best way of "refining" its blanket ban on cryptocurrency-related advertising "over the last fe...


OPEC pledges to increase production to 100% of targeted cuts

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity. The AAA...


Harley-Davidson to shift motorbike production overseas over European Union tariffs

Companies will go where they get a chance to make money, fake nationalism be damned. "Surprised that Harley-Davidson, of all companies, would be the first to wa...


China, EU to form group to modernise global trade rules

Earlier, there were various news reports that Trump would place new curbs on Chinese investment in USA technology firms and would block additional technology ...


Brexit bill officially becomes law, allowing Britain to leave the EU

Around 860,000 people work for auto manufacturers and in the automotive supply chain in the UK. The figure was £2.5 billion in 2015. Britain's vehicle manufac...


Trump tax threats spook Harley investors, shares down again

Likewise, Ivanka Trump , the president's daughter and unpaid White House adviser, sourced her company's products exclusively from low-wage factories in cou...


Five takeaways from Recep Tayyip Erdogan’s Presidential win in Turkey

Turkish President Recep Tayyip Erdogan celebrated a sweeping re-election victory after a hard-fought campaign that proved to be his most challenging politic...


Rouhani says Iran will not give in to pressure from Trump

Washington is to start reimposing economic penalties on Tehran in coming months after U.S. President Donald Trump quit an agreement between major world powers...


Trump vs. Harley-Davidson: What's really going on?

And numerous countries are now moving forward with retaliatory tariffs against the USA, such as the ones European leaders have leveled at Harley Davidson , to ...


General Electric to spin off health-care unit, divest Baker Hughes stake

The strategy also includes the spin-off of GE Healthcare into a standalone company, by generating cash from the sale of some 20 percent of GE Healthcare and dis...


Trump's Treasury Department plans limits on Chinese investment in United States technology firms

Caterpillar stock lost 3.7 percent and Boeing fell 7.7 percent on Monday. "That's what the market's anxious about", Mr Berman says. If the policy is global ...


Social media reacts to the elections — Turkey on Twitter

But supporters love Erdogan for bringing economic growth and security. The president and his ruling Islamist-rooted AK Party claimed victory in Sunday's presi...


Harley-Davidson moving US production over European Union tariffs

In response to the U.S. tariffs, the European Union began charging import duties of 25% on a range of United States products, including big motorcycles like Har...


China defends its USA investment record

USA stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dis...


Harley-Davidson to move some jobs out of United States to avoid tariffs

Harley-Davidson, which Trump has cited in the past as a company hurt by US trade regulation, said the increased tariffs would cost the company an extra $30 ...