Markets
Tesco and Carrefour create strategic alliance in effort to cut prices
The French and British supermarket giants said in a joint statement that they plan to jointly purchase goods in a bid to cut costs. And last week, France's Auchan, Casino and Schiever group's said they will combine forces with Germany's Metro in purchasing. [Full Article...]
Gareth Southgate: Colombia clash is England's biggest in a decade
Belgium manager Roberto Martinez has said the Russia 2018 World Cup is "the best he has been involved in" and that the tournament has given an "incredible image of the Russian people" and the country. We have to be prepared physically and mentally to go to extra time, and beyond if that's what it takes", he said. "This is why you work technically and tactically, for big games like this". [Full Article...]
Canada hits $13 billion of US goods with new tariffs
President Trump had enraged Canada and other USA allies by declaring imported steel and aluminum a threat to America's national security and therefore a legitimate target for US tariffs. -Canada trade. The United States, in fact, a year ago enjoyed a $2.8 billion overall trade surplus with Canada. He's also blamed it for the loss of American jobs and companies. [Full Article...]
Elon Musk calls Tesla 'a real auto company'
Tesla did not immediately return a request for comment, but it confirmed the email's contents to Reuters . "Model 3 production had already significantly increased over those 6 months, but Tesla had heavily invested into a production capacity of over 5,000 units per week and it needed to get there in order to turn a profit on the vehicle program". [Full Article...]
Trump lashes Saudi Arabia for drop in Iran's oil supply
Earlier this year, to the chagrin of European partners, Trump said he would pull the United States out of the Iran nuclear agreement secured by world powers. Iran and Saudi Arabia broke off diplomatic relations in 2016 and are locked in several proxy wars in the Middle East, including in Yemen. But members did not reach a decision "to assign any allocated production level of any member to othe... [Full Article...]
PM Narendra Modi: Mercedes, milk can't be taxed at the same rate
Can we have milk and Mercedes at the same rate?" he said in an interview to " Swarajya " magazine. Taking a dig at the Congress for its demand of having a single GST rate, he said: "They are effectively saying they will tax food items and commodities, which are now at zero or 5 per cent, at 18 per cent". [Full Article...]
What Investors Did Not Like About Constellation Brands Earnings
Ltd. owned approximately 0.14% of Constellation Brands, Inc . 24,718 were accumulated by Howe And Rusling. (NYSE: STZ ). M&R Cap Management Inc holds 3,080 shs or 0.16% of its capital. -Revenue (Q1): $1.94 Bln vs. $1.79 Bln past year. (NYSE:STZ) were released by: Seekingalpha.com and their article: "Susquehanna cautious on Constellation Brands " published on June 20, 2018 as well as Seekingalpha... [Full Article...]
Tata Steel, Thyssenkrupp AG ink pacts to combine businesses in JV
Tata Steel Chairperson Natarajan Chandrasekaran said it was a significant milestone for the company, BBC reported. Heinrich Hiesinger, CEO of ThyssenKrupp said that "the joint venture not only addresses the challenges of the European steel industry". [Full Article...]