Markets


Micron Barred from Selling Certain Memory Chips in China Micron Barred from Selling Certain Memory Chips in China
- July 07, 2018

Founded in 1980 as a spin-out from from the government-led Industrial Technology Research Institute (ITRI) and Taiwan's first semiconductor company, United Microelectronics Corporation (UMC) is no stranger to lawsuits alleging intellectual property infringement: The company was sued by Nintendo in the 90s for producing chips for counterfeit game cartridges, and settled in 1994. (more...)
Canada presses US to resume NAFTA renegotiation talks Canada presses US to resume NAFTA renegotiation talks
- July 06, 2018

The effort to restart stalled negotiations comes after the election of leftist Andres Manuel Lopez Obrador as president. In a Fox News interview that aired Sunday, Trump said he was holding out until after the fall's midterm election to get a better deal for the U.S. (more...)
China pushes back against yuan slide, pledges stability China pushes back against yuan slide, pledges stability
- July 06, 2018

Officials in China , the epicenter of the global trade row, have warned the United States that the tit-for-tat tariffs on each others' goods will ultimately prove detrimental for American businesses and jobs. Shanghai shed 0.2 percent and Singapore lost 0.5 percent, while Tokyo ended the morning marginally lower after fluctuating through the morning. That helped MSCI's world index to rise 0.2 percent, inching further off recent 2-1/2 month lows. (more...)
President Trump wants to lower oil prices, but isn’t entirely sure how President Trump wants to lower oil prices, but isn’t entirely sure how
- July 05, 2018

Bank Wealth Management in Seattle. President Donald Trump says OPEC is "doing little to help" rising gas prices and claims "if anything, they are driving prices higher". Over the short-run, Canada's production problems will go away and Libya's issue will probably be contained. Earlier, she said in a note that the UAE and other Gulf states will benefit from the one million barrel hike announcement by Opec as they have the capacity to hike the output. (more...)
Saudi Arabia says ready to boost oil production, taking aim at Iran Saudi Arabia says ready to boost oil production, taking aim at Iran
- July 05, 2018

Iran, however, said it would be tough to erase its oil completely from the market by November, when USA sanctions snap back into place. The price rose above $78 a barrel after an Iranian Revolutionary Guards commander said he was ready to prevent regional crude exports if Iranian oil sales were banned by the United States. (more...)
More Than 40 Countries Object at WTO to US Car Tariff Plan More Than 40 Countries Object at WTO to US Car Tariff Plan
- July 05, 2018

White House response: Spokeswoman Lindsay Walters said , "It is no secret that POTUS has had frustrations with the unfair imbalance of tariffs that put the U.S.at a disadvantage". But many diplomats say quitting the WTO would not be in the United States interest, and the WTO has said it has never had any indication of Mr Trump intending to leave. (more...)
Motor tariffs could lead to £230bn retaliation — European Union warns Trump Motor tariffs could lead to £230bn retaliation — European Union warns Trump
- July 05, 2018

He's about to find out. The activist investor's fund Third Point took a $3.5 billion stake in Nestle a year ago, saying it would push for a new strategy to help the company improve its sales and profitability. The prospect of a deepening trade war has unsettled financial markets - which were further rattled on Monday by worries about the stability of the German government and the health of the Chinese economy. (more...)
Trump moves to block China Mobile's United States entry on security concerns Trump moves to block China Mobile's United States entry on security concerns
- July 05, 2018

The advisory body, the National Telecommunications and Information Administration , is part of the Department of Commerce. "Therefore, the Executive Branch of the U.S. Neither China Mobile nor the FCC were immediately available for comment on what their next steps would be. In particular, the NTIA was concerned about China Mobile interconnecting with the USA telecoms infrastructure, given the "importance and sensitivity" of that infrastructure for national security and law enforcement . (more...)
China says 'fully prepared' if trade war kicks off this week China says 'fully prepared' if trade war kicks off this week
- July 05, 2018

Meanwhile, Reuters is reporting that China is pressuring European Union countries to issue a joint statement criticizing Trump's trade policies at a Sino-European summit later in July. "Simply put, the U.S. is opening fire on the whole world, and also firing at itself". "Generally speaking we're not going to get caught up in the tariffs the U.S. (more...)
Chinese Tycoon Dies After Falling Off A Wall In France Chinese Tycoon Dies After Falling Off A Wall In France
- July 05, 2018

Wang's sudden death comes at a time when the group, one of China's most indebted companies, was showing signs of putting its biggest problems behind it. Wang obtained an undergraduate degree in Aviation Management from Civil Aviation University of China in 1983, and a master's degree in business administration from Maastricht School of Management in 1995, according to HNA. (more...)
Hyundai interested in acquiring controlling stake in FCA Hyundai interested in acquiring controlling stake in FCA
- July 04, 2018

More importantly for FCA, its electric vehicle portfolio lags far behind the competition, so a Hyundai-FCA merger would allow it to leverage on its partner's electric propulsion technology, and avoid an impending crisis. That's not the only advantage for both parties. That could mean disaster for Fiat Chrysler in the coming decade. It's believed Hyundai is simply waiting for FCA stock prices to drop. (more...)
Trump's Fart Bill Would Foul up International Trade, Critics Say Trump's Fart Bill Would Foul up International Trade, Critics Say
- July 04, 2018

How do you feel about the President's boisterous FART? The story by Jonathan Swan uses the words "insane" and "stunning" to describe the bill's scope, though it adds that the measure has virtually no chance of becoming reality. goods a day earlier than Washington. "The WTO is designed by the rest of the world to screw the United States", Axios's source quoted Trump as saying. (more...)
Joel Embiid's last-ditch plea to LeBron after Warriors shocker Joel Embiid's last-ditch plea to LeBron after Warriors shocker
- July 04, 2018

Even though Leonard has reportedly made it clear he intends to sign with the Lakers once he hits the free-agent market next summer, it hasn't made trade talks any easier, especially with what they're asking in return from the storied franchise. (more...)
Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'
- July 04, 2018

Trump reportedly was briefed on the working draft in May. Although the reported bill could have significant implications for the global economy, social media users have been more focused on its unfortunate name: the United States Fair and Reciprocal Tariff Act - or "FART Act". (more...)
Mexican-Alaskans speak about country's new president Mexican-Alaskans speak about country's new president
- July 04, 2018

The leader of Mexico's other NAFTA partner, Canadian Prime Minister Justin Trudeau, welcomed Lopez Obrador's victory, calling Mexico a "close friend". The election came amid a backdrop of mounting tensions between Mexico and the USA, which some analysts say have pushed relations between the two countries to one of the most divisive points in recent times. (more...)
Oil falls as Saudi, Russian output rises
- July 04, 2018

Last week, OPEC countries and other major oil producers that participated in the 2016 Vienna deal agreed on increasing production to one million barrels per day, which is the volume of the countries' over-compliance with the agreement. "Investors should keep in mind that U.S. shale production remains robust while global trade tensions present a threat for global growth, and this may translate to less demand for commodities. (more...)
Potential price increases on 10 top-selling vehicles if Trump tariffs go through Potential price increases on 10 top-selling vehicles if Trump tariffs go through
- July 04, 2018

The traditionally GOP-friendly organization, which represents more than 3 million businesses, has launched a campaign against Trump's tariffs, arguing that they have triggered a trade war that will cost U.S.jobs and will send consumer prices soaring. (more...)
Walmart Draws Fire as Third-Party Sellers Hawk 'Impeach 45' T-Shirts Walmart Draws Fire as Third-Party Sellers Hawk 'Impeach 45' T-Shirts
- July 04, 2018

CBS News says Walmart has been selling " Impeach 45 " baby onesies and men's T-shirts, both made by the apparel company, Old Glory , on its website. While we don't see the problem, neither does thrifty ballers like Shaq who back in March shared a story about how he dropped $70,000 at the store in just one visit, making history as having the highest purchase in Walmart's history. (more...)
German Interior Minister threatens to quit over migrant policy German Interior Minister threatens to quit over migrant policy
- July 04, 2018

While the compromise averts a split of the two-party bloc that's governed Germany for most of the time since World War II, its success could well depend on factors beyond Merkel's control and it may prove only to be a temporary solution. "We think this is good because now we are getting back down to business", Nahles said after a meeting of coalition leaders in the chancellery. Within weeks, Seehofer openly attacked Merkel over the influx. (more...)
Lakers Consulting With LeBron James On Offseason Moves Lakers Consulting With LeBron James On Offseason Moves
- July 03, 2018

Fanatics was ready for this moment. James is certainly the most prominent free agent signed by the Lakers since Shaquille O'Neal left the Orlando Magic in 1996. His move from the Cleveland Cavaliers ends months of speculation. Jenkins broke the news of James returning to Cleveland in 2014 and this time, he has reported insider information on the four-time MVP's reasons for moving to the Lakers. (more...)

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