Tuesday, 17 July 2018
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Erdogan's Victory in Turkey Creates Clarity but Not Confidence

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Not only does the opposition question the election results themselves, but there's also the small matter of a number of opposition members being imprisoned in the lead-up to the election. As of Monday morning he had not conceded the election and urged election observers not to leave ballot boxes. Navon, however, could not disagree more. Read More »

Trump 'surprised' as Harley-Davidson moves some production overseas

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Harley-Davidson said it stood to lose as much as $100 million a year. The EU tariffs are a response to new U.S. duties on steel and aluminium imports. The company did not specify where the additional manufacturing would go. "Harley-Davidson expects ramping-up production in global plants will require incremental investment and could take at least nine to 18 months to be fully complete". Read More »

China and Europe warn trade war could trigger global recession

Karl Schamotta, director of market strategy at Cambridge Global Payments, said that even though the actions by the US administration and retaliating countries "occupy a diminishingly small niche in the flow of global trade", they are having important psychological effects. Read More »

Trump Rides a Harley-to Europe

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For the rest of this year, the company said the tariffs will add $30 million to $45 million to its expenses. Harley said increasing production at its overseas worldwide plants would require incremental investments and could take at least nine to 18 months. Read More »

Iranian economic protesters take to streets, confront police

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Iran's semi-official news agency described protests Monday in front of the Iranian parliament as merely a request for lawmakers to "stop rising prices", but videos distributed via social media indicate a demand for much more. A video posted on social media showed protesters marching and chanting "strike, strike!" State TV quoted Tehran's deputy governor Abdolazim Rezaie down-playing the extent of the protests, saying that no one had been arrested in the Tehran protests and adding that ... Read More »

USA plans limits on Chinese investment in technology firms

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Karl Schamotta, director of market strategy at Cambridge Global Payments, said that even though the actions by the US administration and retaliating countries "occupy a diminishingly small niche in the flow of global trade", they are having important psychological effects. Read More »

China, Europe warn trade war could trigger a global recession

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Both China and the European Union are coming under pressure from Trump, as the United States president seeks to remake a global trading system that he sees as rigged against the world's largest economy. The Philadelphia Semiconductor index dropped 3.8 percent, with chipmakers taking a hit as they depend on China for a large part of their revenue. Anxiety over the economic fallout is cutting deep in financial markets, with China's yuan sliding to a six-month low Monday. Read More »

$1.40 EPS Expected for Harley-Davidson, Inc. (HOG)

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While talking about Performance of the Stock, Harley-Davidson inc now has a Weekly performance of 3.12%, monthly performance percentage is 7.03 percent, Quarterly performance is 5.55 percent, 6 months performance shows a percent value of -11.56% and Yearly Performance is -17.71 percent. Read More »

Uber says it has made 'profound' changes as it fights London ban

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Transport for London (TfL), the city's governing body for transit, failed to renew the ride-hailing service's operating license in September. "I promise Londoners we will keep listening and improving as Uber moves forward in a new direction", UK General Manager Tom Elvidge, who will give evidence in court, said in May. Read More »

Anti-Brexit demonstrators throng central London

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Opponents of Brexit, many waving European Union flags, marched through central London to Parliament on Saturday, calling for a referendum on whatever divorce deal is agreed between Britain and the EU. When asked about the EFT's letter, a Downing Street source said: "We are confident of getting a good deal that delivers for every part of the United Kingdom and allows us to take back control of our money, rules and borders". Read More »

Opposition candidate Ince eclipses Kılıçdaroğlu-led CHP in the elections

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Final results are still set to be published by the Supreme Election Board (YSK) later this week, but early on Monday chairman Sadi Guven declared Erdogan victor. Some opposition supporters have therefore opted for a tactical vote - casting their ballot for the HDP despite favoring another party. Putin stressed his readiness to continue "close joint work" and dialogue with Erdogan. Read More »

Harley-Davidson will move some production out of U.S. after retaliatory tariffs

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Each motorcycle will cost an average of $2,200 extra after the European Union raised its tariff on imported USA bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing. European officials last week imposed stiff tariffs on a wide range of USA -made goods sold within the European Union. Harley-Davidson said that shifting targeted production from the U.S.to global facilities could take at least nine to 18 months to be completed. Read More »

After Airbus, it's BMW's turn to warn on Brexit

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He also accused the Russian government of "contaminating" the vote, adding Brexit "creates a more chaotic world that's what they want and they put their money behind it and it's done a lot of damage". Leading Brexit supporters , meanwhile, warned the British government not to delay or water down the divorce from the 28-nation bloc. Dr Fox told the BBC it is "essential" the European Union "understands... Read More »

Portion of Kentucky bourbon warehouse collapses

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News of the building's collapse was also met with concern on Twitter, with bourbon lovers mourning the loss of the wasted whiskey. The warehouse was built on a concrete foundation and had a wooden structure with aluminum siding, Spalding said . Read More »

CSU threatens to end coalition with Merkel

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According to the UN High Commission for Refugees (UNHCR), the number of Syrian refugees in Lebanon stood at some 997,000 as of the end of previous year, not including those who were not registered with the UNHCR. Meanwhile, Spanish Prime Minister Pedro Sanchez urged his European Union partners to help Spain deal with a growing number of arrivals across the Mediterranean Sea. Read More »

BoE rate decision reveals surprise hawk

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At the last MPC meeting, seven of the nine members voted to keep rates on hold. The rise was justified by the Monetary Policy Committee (MPC) by pointing to stronger economic growth and low levels of unemployment. CPI inflation was 2.4% in May, unchanged from April, but is expected to pick up by slightly more than projected in May in the near term, reflecting higher dollar oil prices and a weaker sterling exchange rate. Read More »

Germany pockets 2.9 bn euros from Greece bailouts

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The final tranche of the Greek debt relief programme will include €3.3 billion for Greece's International Monetary Fund and European Central Bank repayment. An additional 10-year grace period - where the loans' interest will not rise - will be granted as well. These measures will be linked to Greece's performance after the end of its bailout, and will be disbursed in slices over the next four years as long as the country doesn't stray from its pre-agreed reforms and budget path. Read More »

Airbus Chief: Brexit 'No Deal' directly threatens Airbus' future in the UK

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Airbus builds wings and landing gear for commercial aircraft in Britain and also has a space technology center in the country, supporting 117,000 jobs overall. The Home Secretary is also reported to have said that the government's default position is to grant settled status and there would have to be "a very good reason" not to grant it. Read More »

8 ways the city's canines spent Take Your Dog to Work Day

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The 20th-annual National Take Your Dog to Work Day , established by Pet Sitters International , took place Friday with pups throughout Philadelphia accompanying their owners to work. If it isn't practical or possible to bring your dog (or dogs) to work, then get everyone to print a bunch of pictures of their dogs and post them around your workplace to celebrate. Read More »

EU Ministers Reach Deal Allowing Greece To Exit Bailout Program

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After eight years and three bailout programs, Greece wants to regain its financial sovereignty in August on the back of a rebounding economy and easier repayment terms on some bailout loans extended by the euro area. "This is a very tight programme". In return, Greece has to run budget surpluses, when not counting for the cost of financing its debt, until 2060. French Finance Minister Bruno Le Maire said going into the meeting that "we have to recognize that Greece has really made the job ... Read More »

Daimler warns Mercedes taking hit from China trade war

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The company projects annual EBIT at Mercedes-Benz Vans division to be significantly below the previous year's level, and at Daimler Buses division to be in the magnitude of the previous year. China said it would retaliate with its own tariffs from 6 July in return. Daimler has said it will appeal the decision. UBS Group set a €92.00 ($106.98) target price on shares of Daimler and gave the stock a "buy" rating in a report on Thursday, February 15th. Read More »

Politicians can't ignore the people: Lammy on anti-Brexit march

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Jurgen Maier, head of Siemens in Britain, told the BBC in an interview that slogans about Brexit were "incredibly unhelpful". But Liam Fox told the BBC it is "essential" the European Union "understands. "We didn't know that we're going to get president Trump or we're going to destroy the trading system on which Brexit depends". More prominent manufacturing firms are set to issue warnings about Britain's Brexit negotiations within days, after Airbus and BMW broke cover to say they ... Read More »

Supreme Court sides with online sales tax

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States and retail groups hailed yesterday's 5-4 decision by the justices, who took the unusual step of overturning past court precedent to rule against Boston-based online retailer Wayfair , which argued unsuccessfully that state laws forcing internet retailers to collect state taxes were unconstitutional. Read More »

Trump threatens 20 per cent tariff on European Union cars

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Trump and Peter Navarro, one of his top trade advisers, have long believed that the European Union has an unfair tariff on USA exports while the US government makes it relatively easy for other countries to send their cars here. Instead it would be an issue for the European Commission . While she didn't see a serious "direct impact of tariff increases.it's a trend that is worrying, the breach of confidence that undermines confidence", she said on the sidelines of eurozone minister talks ... Read More »

Iran, Saudi oil ministers meet to avert showdown

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Iran , OPEC's third-largest producer, says its output is likely to fall in the second half of this year due to new USA sanctions. That means the country has little to gain from a deal to raise OPEC output, unlike top oil exporter Saudi Arabia . Read More »

Opec to open oil taps

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In earlier reports on the swap deal, an Iraqi oil official had said the initial flow of Kirkuk oil to Iran would be 30,000 bpd , but could rise to 60,000 bpd within a year-the initial duration of the deal-which the sides agreed could be extended. Read More »

Ferrari 250 GTO expected to fetch $45m at auction

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And if you want to be just one of three people to have bought a 1962 Ferrari 250 GTO at a public sale this millennium, you'll need to find somewhere in excess of $60 million. So enamoured was he by the 250 GTO, he got a second GTO in 1963, and sold this one - chassis no 3413 - to a racing driver called Gianni Bulgari. The Ferrari then went to Gianni Bulgari of the famous jewelry-making family, and in his hands -and those of subsequent owner Corrado Ferlaino-it was a class victor at the ... Read More »

Hungry rat shreds more than $17500 of cash inside ATM in India

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It was a cash machine heist with a difference: The attackers were hungry rodents. A rat has nibbled its way through more than a million in Indian rupees after getting into an ATM machine. Of the 2.9 million rupees ($42,685) in the ATM, 1.7 million rupees ($25,022) were recovered intact. But banknotes worth 1.2 million rupees ($17,662) were destroyed. Read More »

Intel CEO resigns over relationship with employee

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The consensual relationship ended some time ago, but details of the relationship were only recently brought to the attention of Intel's board. The relationship was long-term and started years ago. However, it wasn't the company's performance that did Krzanich in; instead it was involvement with another Intel employee. Intel's famous relentless technical progress, known as Moore's law, suggested its chips would get smaller and faster at a regular rate. Read More »

Oil prices spike sharply after OPEC fails to deliver

USA officials have also asked Saudi Arabia to help cushion the blow of the return of Iran sanctions by supplying more oil at lower prices. The production limits by the Organization of the Petroleum Exporting Countries and Russian Federation since 2016 have helped increase oil prices, with the benchmark USA crude contract hitting its highest level in more than three years in May. Read More »

Chevrolet Blazer Gets Detailed on Camera

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The second-generation Blazer ran from 1995 to 2005 and was the last Blazer sold in the United States. The Chevy Blazer is officially back! Fast-forward to today, and the new Blazer is not a truck, but a crossover for modern times. The Blazer will have some interesting features headed its way: There will be an electronic-locking glove box, a hitch guidance system, a hitch view camera and a hands-free power liftgate. Read More »