• Saudi expects $40 billion foreign fund inflows after MSCI -CMA
Saudi expects $40 billion foreign fund inflows after MSCI -CMA

If the country imposes any restrictions such as capital or FX controls then MSCI will review its reclassification decision. Saudi Arabia could attract 150 billion riyals (30.38 billion pounds) worth of foreign inflows from both passive and active funds, a Saudi official said, after index provider MSCI made a decision to add the Saudi bourse to ...

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  • Trade War Fallout: 5 ways the Trump tariffs could impact air cargo
Trade War Fallout: 5 ways the Trump tariffs could impact air cargo

Build them here!" The European Union will begin charging import duties of 25% on a range of USA products on Friday, in response to United States tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.

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  • OPEC on tightrope as output target talks prompt clash
OPEC on tightrope as output target talks prompt clash

Vice President, Macro Oils , at Wood Mackenzie, Ann-Louise Hittle said the producers must contend with differing production expectations for Iran and Venezuela, and consider external pressure for action from the USA, adding that, "for Iran, the exact impact of the newly restored U.S.

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  • European Union tariffs on U.S. products have gone into force
European Union tariffs on U.S. products have gone into force

In March, President Trump pledged to impose 25 percent tariffs on steel imports and 10 percent tariffs on aluminum imports from Canada , Mexico and the European Union . "The rules of global trade that we have developed over the years with our American partners can not be violated without a reaction from our side", Malmstrom said.

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  • President Trump threatens new tariffs on $200 billion in Chinese imports
President Trump threatens new tariffs on $200 billion in Chinese imports

The collateral damage could be widespread. American farmers could be evicted from a lucrative market for their goods. Chinese companies listed in the USA took sharp losses. But Beijing has chosen its targets strategically. They include electric cars, whiskey and soybeans - a politically and economically vital export of America's heartland, wher...

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  • OPEC's challenge - to pump more oil and keep deal in place
OPEC's challenge - to pump more oil and keep deal in place

Some OPEC members have been opposed to a production increase, and others don't want to go as far as Saudi Arabia . The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other producers outside Opec, including Russian Federa...

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  • Top Bitcoin Exchange Bithumb Reports More Than $30 Million in Cryptocurrencies Stolen
Top Bitcoin Exchange Bithumb Reports More Than $30 Million in Cryptocurrencies Stolen

Apparently, there was another tweet that did mention that $30 million had been stolen, but that tweet appears to have been deleted. According to Korean resident officials from the Sentinel Protocol , a project specializing in hacking, scam, and fraud detection, the hot wallet was hacked on the night of June 19 and some of the stolen coins inclu...

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  • Trump escalates China trade war with extra tariffs
Trump escalates China trade war with extra tariffs

President Trump's comment came a day after he threatened to impose tariffs on an additional United States dollars 200 billion worth of Chinese goods, escalating a trade war between the world's two largest economies. Europe, Japan and other trading partners raise similar complaints, but Trump has been unusually direct about challenging ...

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  • Disney makes $70.3 billion counterbid for Twenty-First Century Fox
Disney makes $70.3 billion counterbid for Twenty-First Century Fox

Disney's latest offer is a "very aggressive move" by Chief Executive Officer Bob Iger and may make it hard for Comcast to respond, said Bloomberg Intelligence analyst Paul Sweeney. " We are extremely proud of the businesses we have built at 21st Century Fox, and firmly believe that this combination with Disney will unlock even more value for s...

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  • Audi CEO arrested in connection to the Volkswagen emissions scandal
Audi CEO arrested in connection to the Volkswagen emissions scandal

It's a frightful start of the week for Audi as after images of the new A1 Sportback escaped online sooner than they were supposed to, the company's boss has just been arrested. Munich prosecutors said Stadler's arrest was not made at the request of the U.S. Instead, it appears to be part of German prosecutors' widening probe into Audi.

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  • Trump threatens 10% tariff on $200bn of Chinese goods
Trump threatens 10% tariff on $200bn of Chinese goods

The trade relationship between the United States and China must be much more equitable. Trump also promised to keep upping the ante if China retaliates to his latest action. "As we've said before, tariffs - at any amount - will not fix the problem of China's unfair practices". Retail groups also weighed in. "And as a USA soybean farmer with...

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  • Trump administration approves $50 billion tariffs on China
Trump administration approves $50 billion tariffs on China

The Chinese commerce ministry did not provide details of how it planned to implement the new duties. The headline statement from the Trump administration, found here , is that this is a direct response to years of unfair trade practices as well as IP theft that China allowed to blatantly take place.

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  • Who is Sandeep Bakhshi?
Who is Sandeep Bakhshi?

Kochhar was on the credit committee that approved the loan to Videocon. Sandeep Bakhshi , who is the chief of ICICI Prudential Life Insurance, has been appointed Wholetime Director and Chief Operating Officer of ICICI Bank. Shares of ICICI Bank rose by 3.61 per cent on reports of a shuffle in its top management. "The board has come to the co...

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  • No More Plastic Straws in United Kingdom and Ireland at McDonald’s
No More Plastic Straws in United Kingdom and Ireland at McDonald’s

Despite a report that McDonald's shareholders rejected a proposal to ban plastic straws earlier this year, several selected United States restaurants will have access to paper straws. McDonald's has been under fire for its use of plastic on such a large, global scale. Meanwhile, packaging company Tetra Pak said: "We will continue to make the ...

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  • Alberta wheat contaminated with GMO
Alberta wheat contaminated with GMO

Modified wheat has not been approved for commercial use in Canada. He says the wheat is unauthorized in Canada and the site will be monitored for 3 years to ensure there is no g-m wheat present. "Japan is one of our biggest wheat customers, so if they stop importing our grain, that's a major blow to our exports of wheat". "My hope is that it wo...

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  • Trump and critics see positives in IG report
Trump and critics see positives in IG report

Trump first took Strzok to task Friday on Twitter for texting during the investigation that "we'll stop" Trump from winning the presidency, a revelation that was disclosed when the report was issued Thursday, and Trump praised current FBI Director Christopher Wray for his leadership of the embattled agency.

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  • Sheriff: 1 deputy killed, another wounded in Kansas
Sheriff: 1 deputy killed, another wounded in Kansas

Authorities have identified the Wyandotte County sheriff's deputy who died Friday after he and another deputy were shot while transporting an inmate. Her condition was not available. He was awaiting trial for another murder. All Kansas City area Price Choppers will be able to accept donations by 12 p.m. (noon) on Saturday, June 16.

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  • European Central Bank to end stimulus programme by year’s end
European Central Bank to end stimulus programme by year’s end

The Fed raised its benchmark interest rates by 25 basis points for the second time this year on Wednesday and hinted at two more hikes by the end of 2018. The European Central Bank laid out its plan to pull back from the stimulus it's pumped into markets, but it also said it plans to hold off on raising interest rates for longer than some inves...

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  • Trump announces 25% tariff on Chinese imports
Trump announces 25% tariff on Chinese imports

China "doesn't want a trade war" but has to "fight back strongly", the Commerce Ministry said in a statement . Beijing has drawn up a list of $50 billion in US products that would face retaliatory tariffs , including beef and soybeans - a shot at Trump's supporters in rural America.

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  • Volkswagen Fined 1 Billion Euros For Diesel Emission Scandal
Volkswagen Fined 1 Billion Euros For Diesel Emission Scandal

He's blamed for misrepresentation and false promoting, as per the distribution. Germany's government on Monday ordered Daimler to recall almost 240,000 cars fitted with illicit emissions-control devices, part of a total of 774,000 models affected in Europe as a whole.

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