Markets

Amazon to block Australians from global websites due to tax

Online retail giant Amazon will block Australian consumers from its global sites to counter new laws forcing it to collect GST on transactions. After that date, Aussie customers who attempt to visit the United States version of Amazon or any of Amazon's overseas sites will find themselves redirected to Amazon's Australian site, which offers a much smaller selection of items. Read More

Continue Reading »

U.S. Metal Tariffs Hit Canada and Mexico, Pressuring Nafta Talks

U.S. Metal Tariffs Hit Canada and Mexico, Pressuring Nafta Talks

Mexico said it would penalize USA imports including pork bellies, apples, grapes, cheeses and flat steel. The countermeasures will hit US hot and cold rolled steel, plated steel and tubes, the ministry said. Trump imposed the steel and aluminum penalties under a 1962 law that gives the president broad power to increase or reduce tariffs on goods deemed critical to national security. Read More

Continue Reading »

Uber changes how sexual misconduct is reported

Uber changes how sexual misconduct is reported

Shortly after Uber announced the end of its forced arbitration policy for individual claims of sexual assault or harassment by Uber drivers, riders or employees, Lyft has done the same, Recode first reported . If this approach survives court challenges, it could limit the potential payout for lawyers and damages that Uber could face. "Leaving it up to individual companies is not likely to change the industry". Read More

Continue Reading »

Bank of England maintains policy rate

Bank of England maintains policy rate

Economists had previously expected two rises in 2018 after the Bank's February forecasts, when Governor Mark Carney said rates would need to rise further and faster to rein in inflation. But "there was value in seeing how the data unfolded over the coming months", they added. The Guardian quoted Tom Stevenson, investment director for Personal Investing at Fidelity International, as pointing out that the BoE had pulled another U-turn, having hinted in February that rates would rise today. Read More

Continue Reading »

Essentra plc (LON:ESNT) Weekly Ratings as of April 24, 2018

The stock of CityFibre Infrastructure Holdings Plc (LON:CITY) has "Corporate" rating given on Tuesday, February 20 by FinnCap. The rating was maintained by Numis Securities on Friday, June 10 with "Buy". Hastings Group Holdings Plc has GBX 360 highest and GBX 260 lowest target. The new insider trade has $2,993 Dollars total value, at an average stock price per share of $2.0. Read More

Continue Reading »

FAA orders inspection of jet engines like those in Southwest accident

FAA orders inspection of jet engines like those in Southwest accident

U.S. NTSB investigators are on scene examining damage to the engine of the Southwest Airlines plane in this image released from Philadelphia, Pennsylvania, U.S., April 17, 2018. Videos posted on social media showed passengers grabbing for oxygen masks and screaming as the plane, piloted by Tammie Jo Shults, a former U.S. Navy fighter pilot, prepared for the descent into Philadelphia. Read More

Continue Reading »

India calls for probe into use of chemicals weapons in Syria

India calls for probe into use of chemicals weapons in Syria

On Monday, the AP visited a two-room underground shelter where Khaled Mahmoud Nuseir said 47 people were killed, including his pregnant wife and two daughters, 18-month-old Qamar and 2 1/2-year-old Nour. Al Jazeera's Khodr said that even if the OPCW finds that the chemical weapons attack happened, there would be no new punitive strikes. On April 16, the head of the global chemical-weapons watchdog said that inspectors had not yet been granted access to the site. Read More

Continue Reading »

Resource stocks rally as oil surges, bonds suffer

Resource stocks rally as oil surges, bonds suffer

Brent crude futures LCOc1 settled at $73.48 a barrel, up $1.90, or 2.7 percent. USA crude gained 26 cents to $68.73. Oil prices rose to their highest level since late 2014 after government data indicated US crude stockpiles fell last week and as the market continued to worry about supply disruptions in key oil producing nations. Read More

Continue Reading »

What's Behind Bitcoin's Recent Price Jump? It May Be Tax Day

What's Behind Bitcoin's Recent Price Jump? It May Be Tax Day

NavCoin (NAV) traded up 1.4% against the dollar and now trades at $1.11 or 0.00013804 BTC. ReddCoin (RDD) traded 9.3% higher against the dollar and now trades at $0.0057 or 0.00000070 BTC. Beatcoin's official Twitter account is @Beats_coin . The official message board for Super Bitcoin is medium.com/@sbtc.org . The Reddit community for Bitcoin Plus is /r/bitcoin and the currency's Github account can be viewed here. Read More

Continue Reading »

IAG Considering Making Offer For Norwegian Air

IAG Considering Making Offer For Norwegian Air

Shares in the struggling budget airline jumped 37pc following initial reports of IAG's approach, with the company now valued at $1.22bn (€1bn). For its part, Norwegian noted that "had no prior knowledge" of acquisition of 4.6% of its capital by IAG, before it communicates today mid-morning this purchase to regulator. Read More

Continue Reading »

American companies in China have much at stake in the trade dispute

American companies in China have much at stake in the trade dispute

After repeated pledges by Beijing to open up sectors such as financial services have yielded little substantial progress, Mr Trump has said the United States will no longer let China take advantage of it on trade. The expert stresses that some sectors of the United States economy could benefit from the battle of tariffs, even if the majority lose. China's global surpluses are now far below the US negotiating targets of a few years ago, China has spent about $ 1 trillion propping ... Read More

Continue Reading »

Job growth slows down in March

Job growth slows down in March

Still, through the first three months of the year, employers have added an average of 202,000 workers to payrolls, outpacing 2017's average monthly growth of 182,000. Employment in both retail trade and construction declined over the month by 4,000 and 15,000 jobs, respectively, which could be related to March's bad weather. Read More

Continue Reading »

All about 'Sugar tax 2018' which comes into force today

All about 'Sugar tax 2018' which comes into force today

Britain on Friday joined France, Norway and Mexico in rolling out a sugar tax on soft drinks in an attempt to tackle obesity and tooth decay in children . The reason given for the former is because they do not carry added sugar and the latter due to their calcium content. "The levy is a ground-breaking policy that will help to reduce sugar intake", said Public Health Minister Steve Brine. Read More

Continue Reading »

UFC star McGregor arraigned in melee

The bus was moving slowly through the Brooklyn stadium parking lot at the time. McGregor has been charged with several misdemeanours, including 13 counts of menacing, four counts of assault (recklessly cause physical injury to another person), one count of attempted assault with intent to cause physical injury, and one count of reckless endangerment. Read More

Continue Reading »

Disney makes offer for Sky News

Disney makes offer for Sky News

Murdoch's plans have run into competition problems. Sky News could be sold to Disney , regardless of whether the Walt Disney Company goes ahead with its purchase of Twenty-First Century Fox. As the Sky deal remained in regulatory limbo, Fox separately agreed to sell a string of assets, including its 39 percent stake in Sky, to Disney, potentially taking Murdoch out of the Sky equation. Read More

Continue Reading »