Category: Бізнес
Mexico Unsure If It Will Finish NAFTA Talks with US in Aug.
16/08/2018
Mexico’s economy minister on Wednesday said that Mexico and the United States may not meet an August goal to finish bilateral talks to revamp the NAFTA trade deal, which is beset by disagreements over automobile trade rules and other issues. Top Mexican officials started their fourth week of talks with U.S. Trade Representative Robert Lighthizer …
Five ‘Crazy Rich Asian’ Ways to Splash Your Cash in Singapore
16/08/2018
Singapore is the setting for new Hollywood movie ‘Crazy Rich Asians’ – an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else. While the low-tax financial hub is often called a playground for the rich, Singapore’s wealthy tend to …
Five ‘Crazy Rich Asian’ Ways to Splash Your Cash in Singapore
16/08/2018
Singapore is the setting for new Hollywood movie ‘Crazy Rich Asians’ – an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else. While the low-tax financial hub is often called a playground for the rich, Singapore’s wealthy tend to …
In Chinese Port City, Japan’s Toyota Lays Foundation to Ramp Up Sales
16/08/2018
Toyota is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. The Japanese auto maker’s plan to boost annual production capacity by about a quarter in the …
In Chinese Port City, Japan’s Toyota Lays Foundation to Ramp Up Sales
16/08/2018
Toyota is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. The Japanese auto maker’s plan to boost annual production capacity by about a quarter in the …
Report: US SEC Subpoenas Tesla Over Musk’s Tweets
15/08/2018
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc. regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. Subpoenas typically indicate the SEC has opened a formal investigation into a matter. Tesla and the SEC …
US Retail Sales Rise Solidly; Productivity Accelerates
15/08/2018
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. Other data on Wednesday showed worker productivity growing at its fastest pace in more than three years in the second quarter, but a drop in labor costs …
Turkey Boosts Tariffs Amid US Feud
15/08/2018
Turkey on Wednesday announced tariff hikes on a range of U.S. goods in the latest back-and-forth move amid a deteriorating relationship between the two countries. The extra tariffs apply to imports of vehicles, alcohol, coal, rice and cosmetics. Turkish Vice President Fuat Oktay said on Twitter the increases were being done “within the framework of …
Royal Bank of Scotland Pays $4.9B for Crisis-era Misconduct
15/08/2018
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said Tuesday. The Justice Department said the penalty was the largest ever imposed on a bank for misconduct leading up to the financial crisis. The bank announced …
Ruble Slump Hits Russians’ Wallets, Not Their Support for Putin
14/08/2018
Alexei Nikolayev, one of more than 56 million Russians who re-elected President Vladimir Putin in March, is already counting the likely cost of a weaker ruble: less spending power abroad, higher prices at home and another round of belt tightening. But Nikolayev, 56, a graphic designer who enjoys foreign travel and imported wine, blames the West, not Putin, for the …
Sprint Partners with LG to Launch 5G Smartphone in 2019
14/08/2018
Sprint said Tuesday it has partnered with phone manufacturer LG Electronics to launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the No. 4 U.S. wireless carrier. Sprint is working to persuade antitrust regulators to approve its merger with larger rival T-Mobile US Inc in a …
Survey: Vienna Tops Melbourne as World’s Most Liveable City
14/08/2018
Vienna has dislodged Melbourne for the first time at the top of the Economist Intelligence Unit’s Global Liveability Index, strengthening the Austrian capital’s claim to being the world’s most pleasant city to live in. The two metropolises have been neck and neck in the annual survey of 140 urban centers for years, with Melbourne clinching …
Survey: Vienna Tops Melbourne as World’s Most Liveable City
14/08/2018
Vienna has dislodged Melbourne for the first time at the top of the Economist Intelligence Unit’s Global Liveability Index, strengthening the Austrian capital’s claim to being the world’s most pleasant city to live in. The two metropolises have been neck and neck in the annual survey of 140 urban centers for years, with Melbourne clinching …
Maduro: Venezuela Gasoline Prices Should Rise to International Levels
14/08/2018
Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday. “Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean,” Maduro said in a televised address. …
Maduro: Venezuela Gasoline Prices Should Rise to International Levels
14/08/2018
Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday. “Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean,” Maduro said in a televised address. …
Mexico’s Lopez Obrador Pledges More Than $11B for Refineries
14/08/2018
Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports. Lopez Obrador, who will take office on Dec. 1, told reporters his government plans to invest $2.6 billion to modernize existing domestic refineries owned and operated by …
Mexico’s Lopez Obrador Pledges More Than $11B for Refineries
14/08/2018
Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports. Lopez Obrador, who will take office on Dec. 1, told reporters his government plans to invest $2.6 billion to modernize existing domestic refineries owned and operated by …
Khamenei: Mismanagement More Harmful Than US Sanctions
13/08/2018
Iranian Supreme Leader Ayatollah Ali Khamenei said Monday government mismanagement has hurt Iran’s economy more than U.S. sanctions. U.S. President Donald Trump last week reimposed a set of sanctions that had been lifted as part of the 2015 nuclear deal Iran struck with world powers to limit the country’s nuclear program in exchange for relief …
Khamenei: Mismanagement More Harmful Than US Sanctions
13/08/2018
Iranian Supreme Leader Ayatollah Ali Khamenei said Monday government mismanagement has hurt Iran’s economy more than U.S. sanctions. U.S. President Donald Trump last week reimposed a set of sanctions that had been lifted as part of the 2015 nuclear deal Iran struck with world powers to limit the country’s nuclear program in exchange for relief …
Turkey Announces ‘Action Plan’ to Ease Market Concerns
13/08/2018
Asian and European markets were rattled by the Turkish lira’s record low of 7.24 to the dollar overnight. The markets began to recover Monday, however, when Turkey’s Central Bank said it was ready to take “all necessary measures” to help Turkish banks manage their liquidity. The bank’s announcement followed the finance minister’s disclosure that Turkey …
Turkey Announces ‘Action Plan’ to Ease Market Concerns
13/08/2018
Asian and European markets were rattled by the Turkish lira’s record low of 7.24 to the dollar overnight. The markets began to recover Monday, however, when Turkey’s Central Bank said it was ready to take “all necessary measures” to help Turkish banks manage their liquidity. The bank’s announcement followed the finance minister’s disclosure that Turkey …
Washington DC Reconsiders Cashless Approach
13/08/2018
American businesses have long been preparing for a cashless economy as the use of credit and debit cards, instead of cash, become more widespread. But the move towards a cashless economy may have hit a snag in the nation’s capital. Some Washington DC council members say the cashless trend has gone too far. And if …
Washington DC Reconsiders Cashless Approach
13/08/2018
American businesses have long been preparing for a cashless economy as the use of credit and debit cards, instead of cash, become more widespread. But the move towards a cashless economy may have hit a snag in the nation’s capital. Some Washington DC council members say the cashless trend has gone too far. And if …
Iran: French Firm Out of South Pars Gas Project, China’s Is In
12/08/2018
Iran’s official IRNA news agency is reporting that China’s state-owned petroleum corporation has taken a majority share of the country’s South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic sanctions against Iran. The Saturday report quotes Mohammad Mostafavi, an official in Iran’s state oil …
Iran: French Firm Out of South Pars Gas Project, China’s Is In
12/08/2018
Iran’s official IRNA news agency is reporting that China’s state-owned petroleum corporation has taken a majority share of the country’s South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic sanctions against Iran. The Saturday report quotes Mohammad Mostafavi, an official in Iran’s state oil …
France Fumes at Proposed Post-Brexit EU Sea Trade Links
11/08/2018
France deems unacceptable a European Commission proposal to exclude French ports from a rerouting of a strategic trade corridor between Ireland and mainland Europe after Brexit, the government said. At the moment much of Ireland’s trade with the continent goes via Britain in trucks. However, with less than eight months to go until Britain leaves the European Union, there is …