Business

China may reject new trade talks if more tariffs imposed

The trade tiff has yet to be felt in USA markets as the tariffs, which now are set at 3.8 per cent, may rise to just 10 per cent, which most companies can handle in a growing economy, said Brian Nick, chief investment strategist at said on Monday he would announce his latest plan on China tariffs after the markets close. [Full Article...]

Aurora Cannabis shares rise on reported talks with Coca-Cola

Aurora Cannabis shares rise on reported talks with Coca-Cola Coca-Cola Co.is considering a line of beverages infused with the cannabis ingredient CBD, according to a report from BNN Bloomberg Television . "The space is evolving quickly", Coca-Cola spokesman Kent Landers told Bloomberg News . [Full Article...]

USA will fail to achieve zero oil exports target: Iran

USA will fail to achieve zero oil exports target: Iran Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt crude imports from Tehran , US Secretary of State Mike Pompeo said last week in New Delhi after a meeting of high level officials. In August, rising output in Libya , Iraq , Nigeria and Saudi Arabia offset declines in Iran , which is about to face new US sanctions that are already hurti... [Full Article...]

Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence

Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence When Florence makes landfall, sometime Friday night or Saturday morning, according to the U.S. National Hurricane Center, it appears likely that it will have weakened to a strong category 3 storm, but it is still expected to bring with it a triple threat of blasting winds, torrential rainfall and a potentially devastating storm surge. [Full Article...]

Pot-smoking Canadians to be barred from US

Pot-smoking Canadians to be barred from US In the meantime, workers in Canada's cannabis sector should stay away from the US border until they find a new job, said Levitt. Should a traveller admit to past use, he will be found to be "inadmissible" to the U.S. He noted that investors from countries like Israel have been denied entry into the U.S. "It's going to be a real issue for employers and a much bigger issue for employees, w... [Full Article...]

Luxury Retailer Henri Bendel Closing All Stores

Luxury Retailer Henri Bendel Closing All Stores Bendel opened its doors in New York's Greenwich Village in 1895, expanding into its current Fifth Avenue flagship in 1913. L Brands Inc., which acquired the brand in 1985, said that the 23 Bendel stores will turn out the lights in January. [Full Article...]

Probe as Australia strawberries sabotaged with needles

At least one person claims to have inadvertently swallowed one. A Coles customer found pins sticking from the sabotaged fruit after purchasing the punnet from a supermarket in Engadine in Sydney's south on Friday. "Whereas we would normally be selling 30 tonnes a day of locally grown strawberries to WA markets, it has dropped to 20 tonnes". This week, Jamie Michael, head of the Western Austra... [Full Article...]

India Will Import US Crude Oil; Will Not Replace Iranian Oil Imports

India Will Import US Crude Oil; Will Not Replace Iranian Oil Imports Inventories at the Cushing, Oklahoma, delivery hub for USA crude futures, located in the PADD 2 or the Midwest, fell 1.2 million barrels, EIA said. He also warned of the impact of United States sanctions against Iran: "This is a huge uncertainty on the market - how countries, which buy nearly 2 million barrels per day of Iranian oil, will act". [Full Article...]

Turkish leader Erdogan criticizes central bank’s rate hike

Turkish leader Erdogan criticizes central bank’s rate hike The lira has lost roughly 40 percent of its value against the USA dollar this year, and its inflation rate sits at about 18 percent . The bank said that inflation developments pointed "to significant risks to price stability" due to the recent fall in value of the lira. [Full Article...]

USA companies in China are ‘suffering’ in trade war, survey says

USA companies in China are ‘suffering’ in trade war, survey says Roughly three-in-four firms surveyed said duties on an additional $200-billion worth of Chinese goods would hurt business further, and close to 70 per cent said additional retaliatory Chinese tariffs would be bad for business. Zoom out from the automotive sector, and more than 60% of American companies in China said they have been affected by the tit-for-tat spat. According to Dow Jones wires,... [Full Article...]

Bezos rips Trump for ‘dangerous’ attacks on the media

Bezos rips Trump for ‘dangerous’ attacks on the media Amazon has said Sanders' statements about the company were "inaccurate and misleading". It seems that Bezos is attempting to quell that chatter as he announced the launch of the Day One Fund in order to start preschools and assist homeless families. [Full Article...]

Carney to remain as Bank of England governor until 2020

Carney to remain as Bank of England governor until 2020 The extension was agreed in an exchange of letters between the governor and the chancellor published on Wednesday. To view the full article, register now. Carney has already extended his term once at the Bank in a move to ensure continuity through the Brexit negotiations. Anthony Gillham, head of investments at Quilter Investment, commented: "If Carney's tenure is extended he will have his wor... [Full Article...]

Loosen protections on dairy sector, New York Republican says — NAFTA talks

Loosen protections on dairy sector, New York Republican says — NAFTA talks But a leader of this country's main milk-producing lobby group said Monday his industry has given enough in previous trade deals and will not tolerate more concessions. "There is not going to be a deal - period - unless there is a compromise in that area because that is what he campaigned on and it's stuck to him and he's stuck with it", Mulroney said. [Full Article...]

5 reasons Obama can't take credit for economy

5 reasons Obama can't take credit for economy Yet, something is not quite adding up. Wilson, who worked in the State Department under Dick Cheney and was a campaign strategist for Rudy Giuliani, spoke about his new book, ["Everything Trump Touches Dies: A Republican Strategist Gets Real About the Worst President Ever,"]( //www.amazon.com/dp/dp/1982103124/?tag=saloncom08-20) on "Salon Talks". [Full Article...]

US adds 201000 jobs; unemployment stays at 3.9 percent

US adds 201000 jobs; unemployment stays at 3.9 percent Other economists, though, have expected payroll growth to slow as employers increasingly struggle to find available workers now that the jobless rate has dipped below 4%. Alberta gained 16,200 jobs last month, 11,000 of which were full time, for an overall increase of 0.7 per cent. The annual gain followed a 2.7% advance in July. [Full Article...]

Goldman Sachs CFO States Company ISN'T Ditching Bitcoin Trading Desk

Goldman Sachs CFO States Company ISN'T Ditching Bitcoin Trading Desk The news that Goldman Sachs won't become the first big Wall Street firm to make markets in cryptocurrencies has stirred the market producing temporary volatility, with Bitcoin losing up to as much as $500 in just a matter of minutes. [Full Article...]

Texas Students Hang Poster of Themselves in Local McDonald's, Where It Remains

Texas Students Hang Poster of Themselves in Local McDonald's, Where It Remains Twenty-one-year-old Jehv Maravilla and his friend Christian Toledo hung the poster at one of the fast food chain's branches in Texas . Amazingly, they arrived in the restaurant, put the poster up and left without any real McDonald's staff member coming to question them. [Full Article...]

Bitcoin (BTC) Price Crashes As Goldman Ditches Trading Desk

Bitcoin (BTC) Price Crashes As Goldman Ditches Trading Desk But it was likely exacerbated by a separate Business Insider report which said that Goldman Sachs has shelved its plans to launch a Bitcoin trading desk. Goldman Sachs will be proceeding to provide "crypto futures and forwards" for its clients. " They were not a part of the ecosystem yet, but to the extent that they represent the institutional herd, this is a negative ." . [Full Article...]

Donald Trump speaks at Republican fundraising event

Donald Trump speaks at Republican fundraising event He later added: "This is not normal". He praised Republicans who in the past had helped expand civil rights and other protections and said neither party "has had a monopoly on wisdom". The 44th president of the USA was also scathing about Mr Trump's initial restraint when asked past year to condemn far-right protesters in Charlottesville, Virginia. [Full Article...]

Honey ‘smacked’: CDC links salmonella outbreak to Kellogg’s Honey Smacks

Honey ‘smacked’: CDC links salmonella outbreak to Kellogg’s Honey Smacks Kellogg's Honey Smacks was originally recalled in June 2018. In a statement Tuesday, the FDA said an additional 30 people have gotten sick in the multistate outbreak of salmonella illness linked to recalled Kellogg's Honey Smacks cereal. [Full Article...]


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