Stories about Finance

Jun 24 2018

MoviePass Responds to AMC's Subscription Plan With Surge Pricing

MoviePass mocked AMC Theatres on Twitter on Wednesday after AMC announced its own subscription plan. "We want to make movies more accessible, they want more profit...

Jun 24 2018

For once in a tie, Greek PM Tsipras hails new debt deal

Hoping to soothe concerns over Greece's debt sustainability, European creditors also pledged to provide further future debt relief tweaks "in the case of an unexpectedly ...

Jun 24 2018

EU imposes tariffs on US peanuts, motorcycles and whiskey

President Donald Trump fired back immediately, repeating his threat to impose tariffs on European auto exports to the United States. Asked last week how she would reac...

Jun 24 2018

Tesla to close solar facilities in US nine states

As a result, Tripp was reassigned to a different role and expressed anger towards the company. The former employee also admitted to transferring several gigabytes o...

Jun 24 2018

Supreme Court's online sales tax ruling gives states a win

In Wayfair v. South Dakota , the Court concluded that the "sales tax nexus" previously articulated by the Court in Quill v. While The Alabama Retail Association be...

Jun 23 2018

OPEC Agrees to Boost Oil Output

The 14 member nations of OPEC - mainly Saudi, Venezuela , Iran and Iraq - controlled a little more than 80 per cent of world crude oil reserves in 2016. Returning ...

Jun 23 2018

Iran says OPEC won't take direction from Trump

Saudi Arabia and Russian Federation - with support of major consumers India , China and the U.S. - are calling for a loosening of production restrictions to boost global...

Jun 23 2018

Why OPEC's new supply deal will add little crude oil to markets

Analysts estimate that when the additional production from non-OPEC oil producers such as Russian Federation is added in, the deal will likely result in an additional mil...

Jun 23 2018

Why Canada legalized marijuana - Prime Minister Trudeau

Prime Minister Justin Trudeau has said marijuana will become fully legalized in Canada on October 17, 2018. "Cannabis for non-medical use is not legal yet". Once ...

Jun 23 2018

Saudi regulator expects $40 billion foreign fund inflows after MSCI

MSCI also said it would include Kuwait on its review list for next year. Previously, Argentina was classified as a frontier index, while Saudi Arabia was a stand-al...

Jun 23 2018

Supreme Court decision on sales tax could see local impact

The ruling reversed a 1992 court decision that held online retailers could only be required to collect and remit sales taxes if they had stores or some other "nexus" in...

Jun 22 2018

OPEC moves toward raising oil supply as Iran softens positions

Saudi Energy Minister Khalid al-Falih has signalled a compromise was in the works as a big hike in production was "politically unacceptable" to some members. After almo...

Jun 22 2018

European Union slaps retaliatory tariffs on USA goods

Mainly because we need to find our own sense of agencies. The equivalent value of €2.8 billion worth of United States goods that will be hit by import duties charged ...

Jun 22 2018

U.S. Oil Prices Slip a Bit Before OPEC Meeting

The Organization of the Petroleum Exporting Countries ( OPEC ), a producer cartel de-facto led by top exporter Saudi Arabia , is meeting together with some non-OPEC memb...

Jun 22 2018

Chinese media says U.S. has 'delusions', urges focus on domestic development

India had sought to be exempt from the new USA tariffs on steel and aluminum. Reuters reported that Gao Feng, a spokesman for the Chinese Commerce Ministry, said th...

Jun 21 2018

Dollar and stocks drop as Trump hits China with tariffs

China doesn't import enough goods from the U.S.to match the scale of Trump's proposal but could adopt other methods. President Donald Trump had announced a 25% tari...

Jun 21 2018

German ETFs hit by concerns over European Union migrant crisis

Her interior minister, Horst Seehofer, has been calling for Germany to turn back migrants at the border who have previously applied for asylum or registered as asylum-see...

Jun 21 2018

Saudi, Iran brace for tense OPEC meet over oil supply

Pradhan added. Saudi Arabia and Russian Federation have the capacity to pump more oil; Iran , Iraq, Algeria and Venezuela do not, and have nothing to gain from h...

Jun 21 2018

Audi CEO Rupert Stadler taken into custody over Dieselgate

Audi AG CEO Rupert Stadler leaves the stage after his speech during the annual press conference in Ingolstadt, southern Germany a year ago. But Dudenhoeffer said V...

Jun 21 2018

European Union to begin counter trade tariffs against USA on Friday

The EU formally adopted a law to put in place the duties on 3.2 billion dollars worth of U-S goods including steel, aluminum and farm products from Friday. She described ...