by | June 22, 2018 | 18:50

Saudi Arabia is reportedly looking to increase production by 1 million barrels per day, while Russian Federation has said it would like to see an extra 1.5 million barrels per day to the market before reassessing the next move. Additionally, in a sign of strong demand, US refineries processed a seasonal record of 17.7 million barrels per day (bpd) of crude oil last week, according to the EIA.

by | June 22, 2018 | 16:28

The European Union will start taxing a range of USA imports Friday, June 22, including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum.

by | June 21, 2018 | 23:48

China said it would impose such tariffs following Washington's 25 percent tariff on Chinese goods worth 50 billion dollars. Fears the spat between the world's two largest economies could intensify added to pressure on oil prices, which extended Friday's big fall into the start of week, while the dollar retreated from a seven-month high against a basket of currencies.

by | June 21, 2018 | 20:59

U.S. oil prices managed to stage a bounce this week after a rapid decline last Friday saw WTI crumple into 63.36 after lifting steadily into 66.80 for most of the week; with the technical bounce over oil has resumed drifting lower, though today's lift sees crude challenging the key 65.00 handle once again, a level that has become familiar in recent weeks.

by | June 21, 2018 | 08:54

Bithumb had managed to preempt what it interpreted as an imminent attack on its server by moving a large number of cryptocurrencies to its cold wallet after noticing the "number of unusual access attempts" had increased, which led it to "strengthening security".

by | June 20, 2018 | 19:56

The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. Deadline reports most analysts and industry observers had expected Disney to match Comcast, but not go so much higher.

by | June 20, 2018 | 18:37

Spooked by worsening tensions over trade between the world's two largest economies, investors are selling stocks and commodities and buying safer assets. Dr Oliver said the first round of tariffs hit just 2 per cent of United States imports. China is retaliating by raising import duties on $34 billion worth of American goods.

by | June 20, 2018 | 12:41

In accepting the compromise, Merkel looks to be having a last throw of the dice to avert unilateral action by Germany that she argues would risk a " domino effect ", collapsing the entire European Union asylum process and unravel the bloc's already frayed unity.

by | June 19, 2018 | 23:32

China's tariffs had themselves been a reaction to Trump's announcement on Friday that the US would be imposing a 25 percent tariff on $50 billion of Chinese goods. US stocks may be getting slammed by the latest trade tensions, but equities in China are faring far worse. China's commerce ministry responded on Tuesday by saying Beijing would fight back firmly with "qualitative" and "quantitative" measures if the United States publishes additional tariffs.

by | June 19, 2018 | 22:30

Tesla has been dogged with delays surrounding delivery of its all-electric BMW 3 Series-rivalling Model 3 saloon, but continues to push ahead with future products such as the Tesla Semi truck , the new Roadster and an EV alternative the Volkswagen Golf , which Musk alluded to at the company's recent shareholder meeting.

by | June 19, 2018 | 21:13

Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China on April 24, 2018. Beijing: Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the U.S. The tariffs were the result of an investigation by Commerce Department into the theft of U.S. intellectual property by Chinese companies. "The trade relationship between the United States and China must be much more equitable", the president said in ...

by | June 19, 2018 | 19:35

Merkel is locked in a standoff with her interior minister, Horst Seehofer, over his demand for some asylum-seekers to be turned back at the border. But Merkel is firmly opposed, warning that it would leave countries at the EU's geographic southern periphery alone to deal with the migrant influx.

by | June 19, 2018 | 08:45

Fears the spat between the world's two largest economies could intensify added to pressure on oil prices , which extended Friday's big fall into the start of week, while the dollar retreated from a seven-month high against a basket of currencies.

by | June 19, 2018 | 00:36

China responded to US tariffs announced Friday morning with a promise to impose reciprocal levies on a range of American products, including agricultural products, cars and seafood. Administration officials said an additional 284 products are under review. Which products are covered by the new tariffs? China said it wants to place new duties on items such as farm products, autos and seafood starting July 6.

by | June 18, 2018 | 23:25

His proposals were a surprise to many - a few months ago, Seehofer appeared to rule out rejecting people at the border, calling at the time for detention centers to house asylum seekers while their claims were processed. "The people of Germany are turning against their leadership as migration is rocking the already tenuous Berlin coalition". Merkel made some concessions earlier this month, agreeing to support Macron's call for an investment fund to help poorer European countries catch ...

by | June 18, 2018 | 19:16

German automobile company Audi's CEO Rupert Stadler has been arrested on suspicion of fraud. The United States filed criminal charges against former VW CEO Martin Winterkorn in May, but he is unlikely to face US authorities because Germany does not extradite its nationals to countries outside the European Union.

by | June 18, 2018 | 16:46

Audi said in a statement last week that it was "co-operating with the authorities" in the probe. Stadler was accused of fraud and false advertising by German prosecuters last week. Audi and VW confirmed the arrest and reiterated Stadler was presumed innocent unless proved otherwise. The same goes for Munich prosecutors and Stadler.

by | June 17, 2018 | 17:00

China's response was swift, as it announced hours later that it too would be levying retaliatory tariffs on $50 billion worth of USA goods - including soy products and automobiles. Anti-monopoly regulators are believed to have delayed announcing a decision on USA tech giant Qualcomm's proposed acquisition of semiconductor maker NXP in part due to the tariff conflict.

by | June 17, 2018 | 11:41

The euro touched on its steepest one-day drop against the United States dollar since June 2016, and was down 1.64 percent at 1.160. The outlook for the Euro US Dollar ( EUR/USD ) exchange rate is now rather mixed, with the imminent rate decision liable to make or break demand depending on the revealed sentiment of the central bank .

by | June 16, 2018 | 18:19

Saudi Arabia said it was cutting deeper to lead by example. "Not good!", the president tweeted on Wednesday morning. OPEC is expected to meet again later this month. India has discussed with China the possibility of forming an " oil buyers club " that can negotiate better terms with oil sellers and get more USA crude to Asia to cut the dominance of oil producers' cartel Opec.

by | June 16, 2018 | 07:52

John Griffin and Amin Shams , a University of Texas finance professor and grad student believe they have found price manipulation in the Bitcoin market a year ago. The exchange is registered in the Caribbean and was subpoenaed by the US CFTC . Tether may be used to manipulate Bitcoin price past year. Using the same analysis technique, Griffin and his colleague studied the meteoric rise of Bitcoin's price a year ago.

by | June 16, 2018 | 07:41

US soybean futures outpaced falls across most other markets on Friday as the trade war with China escalated and Beijing said it would impose tariffs on USA soybean imports, the single most valuable USA agricultural export product to its Asian rival.

by | June 16, 2018 | 07:40

Capt. Robert Melton was slain in July while searching for a suspect in a drive-by shooting. "Of course that's reviewed by other parties, independent parties, prosecutors, the United States attorneys, other individuals", he said. Kelli Bailiff said during a news conference at the University of Kansas Hospital. He referred questions about their conditions to the sheriff's department, which hasn't returned a phone message.

by | June 16, 2018 | 01:55

The company and Theranos settled with the SEC, and as part of the settlement, Holmes paid a fine and can not be a director or officer of a publicly traded company for 10 years. "Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise", Acting U.S. Attorney Alex Tse said in a statement .

by | June 16, 2018 | 00:33

The Dow Jones industrial average was down more than 220 points in mid-afternoon trading. U.S. stock futures declined, and haven assets such as the yen and Treasuries rallied after the announcement. She said a trade war would lead to "losers on both sides" and could have a "serious" impact, according to the BBC. Last month the White House effectively declared a truce in the trade hostilities with China, before deciding weeks later to press ahead with tariffs .