Markets
Trump imposes tariffs on $200B more of Chinese goods
Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing U.S. companies some time to adjust their supply chains to other countries, a senior administration official said. [Full Article...]
Dena, Vijaya, BoB to merge and form country’s 3rd largest bank
The meeting chaired by Jaitley was attended by Ministers Piyush Goyal and Nirmala Sitharaman . He further said that the employees of Dena Bank will benfit the most. "Aspirations of the fastest growing economy have to be supported by stronger and globally competitive banks, with increased choices to the stakeholders". [Full Article...]
China will hit back at any new United States tariffs: ministry
He also warned that if China retaliated then the U.S. would "immediately pursue phase three" which would mean imposing further tariffs with taxes on another $267bn worth of Chinese products. The Retail Industry Leaders Association pointed out that the new tariffs would still hit more than $1 billion worth of gas grills from China, $843 million worth of luggage and travel bags, $825 million worth o... [Full Article...]
Salesforce founder purchases TIME magazine for US$190 million
Time magazine is being sold - again. Benioff , who is one of the four co-founders of the cloud computing pioneer, is personally purchasing Time from Meredith Corp ., and the transaction is unrelated to Salesforce.com, the announcement said. [Full Article...]
Trump Sets Tariffs On $200 Billion In Imports From China
Larry Kudlow, director of the National Economic Council, speaks to members of the media on June 1 at the White House in Washington , D.C. Kudlow said Monday that President Donald Trump would likely be announcing tariffs on hundreds of billions worth of additional Chinese imports. [Full Article...]
Trump to Lay Out Line on China Trade
In response to President Trump's threatened tariffs, Beijing has teed up tariffs of five to 25 percent on $60 billion of United States goods including pig hides, cocoa butter and condoms. The White House had no immediate comment on Monday. "The president has suggested tariffs on a couple $100 billion" in Chinese goods, Kudlow told CNBC's Becky Quick on Monday at the Economic Club of NY. [Full Article...]
Musk says Tesla now in 'delivery logistics hell'
Vernon Unsworth , a 63-year-old British diver who helped rescue a Thai youth soccer team, filed a suit seeking $75,000 in damages against Musk on Monday in the Central District Court of California. But on August 28, Musk tweeted about Unsworth once again, writing: "You don't think it's odd he hasn't sued me?" A representative for Musk didn't immediately respond to a request for comment. [Full Article...]
Elon Musk Sued by Diver in Thailand Cave Rescue
Last August, Musk tweeted that Unsworth was a "pedo guy." Tesla did not immediately respond to requests for comment from Musk and the company. The case is Unsworth v. But the complaint said that in the August 30 email, Musk urged a BuzzFeed reporter to "stop defending child rapists ", and then said Unsworth spent decades in Thailand until moving to Chiang Rai, "reknowned for child sex-traff... [Full Article...]