News 

Britain’s foreign aid budget will be used to help hurricane hit overseas territories, Penny Mordaunt says

“Britain’s foreign aid budget will be used to fund disaster relief for people devastated by hurricanes in the UK’s overseas territories, the International Development Secretary has announced” writes Tim Stanley for telegraph.co.uk. Last year the Government was forced to find £57million in additional funding to help overseas territories including Anguilla and the British Virgin Islands after they were devastated by Hurricane Irma.International aid rules meant that the overseas territories were considered too wealthy to receive emergency foreign aid, leaving the Treasury to find additional funding. Penny Mordaunt, the International Development Secretary,…

Read More
News 

Overseas costs drag on profits at Domino’s Pizza; shares slide

“(Reuters) – Rising overseas costs, particularly in Norway, overshadowed an improvement in sales at Domino’s Pizza Group , pushing first-half pre-tax profit down almost 10 percent and sending the company’s shares to an 11-month low” writes Midwest Communications Inc for 95kqds.com. Although sales rose more than 180 percent in Norway, losses climbed because of increased labor costs, but Wild indicated that performance would improve in the second half of the year.Overseas costs also contributed to a rise in net debt to 182.1 million pounds from 61 million pounds last year,…

Read More
News Regulators 

The Finance 202: Trump tariffs could drive U.S. factories overseas

“The president ultimately wants less tariffs, less non-tariff trade barriers, level playing field, low subsidies, the whole nine years” writes Tory Newmyer for washingtonpost.com. President Trump’s tariffs threaten to throw his “America First” vision into reverse, prompting manufacturers to ship production and jobs overseas to dodge new trade barriers. Source: washingtonpost.com Share This:

Read More
News 

UK’s new foreign minister in China for first overseas visit

“Hunt and Wang Yi, China’s Minister of Foreign Affairs, are expected to discuss free trade, enforcing sanctions on North Korea and how Britain and China can work together on global challenges such as climate change, Britain’s Foreign Office said” writes unknown author for cnbc.com. British Foreign Secretary Jeremy Hunt will meet his Chinese counterpart in Beijing on Monday to discuss cooperation between the two countries on his first major overseas trip since he replaced Boris Johnson earlier this month. His predecessor quit earlier this month in protest at the government’s…

Read More
News 

Chinese overseas acquisitions in 2017 may be larger than thought and they’re set to grow

“China’s foreign mergers and acquisitions were widely seen to have slumped in 2017, but some indicators suggest those numbers may be larger than earlier thought and might even continue to grow this year, according to investment bank, Natixis. “[W]hen one looks into some of the microdata in M&A, … there is no such thing as a sharp reduction in China’s cross-border acquisitions in 2017, if anything, an increase,” Natixis Asia Pacific Chief Economist, Alicia Garcia Herrero and Senior Economist, Jianwei Xu, wrote in a note last week” writes Cheang Ming…

Read More
News 

Trump says ‘tariffs are the greatest!’ as Harley-Davidson earnings offer glimpse into effects of trade war

“Harley-Davidson earlier this year announced plans to move some of its production overseas to avoid any repercussions of a trade war” writes Rachel Siegel for sun-sentinel.com. President Donald Trump praised tariffs in a tweet Tuesday morning, saying that “tariffs are the greatest!” and that countries that treat the United States unfairly on trade must either negotiate fair deals or get “hit with tariffs.”. But the company has also said it would move operations out of the country to soften the impact of tariffs imposed by Europe. Source: sun-sentinel.com Share This:

Read More
News 

Harley-Davidson beats, warns EU tariffs will squeeze margins

“(Reuters) – Harley-Davidson Inc’s profit topped Wall Street estimates on Tuesday for the sixth straight quarter, as sales of its bikes overseas edged up, although the company warned that new EU tariffs would squeeze its operating margins” writes Arunima Banerjee for businessinsider.com. Analysts on an average expected profit of $1.34 per share and revenue of $1.41 billion, according to Thomson Reuters I/B/E/S.The company expects its motorcycles segment operating margin as a percent of revenue to be about 9 to 10 percent given the expected impact of tariffs in 2018. Source: businessinsider.com…

Read More
AUD News 

Amazon hands goodwill to eBay with move to shut Australians out of overseas sites

“While neither Amazon nor eBay provide data on visitors to their sites and estimating their share of Australia’s A$26 billion-a-year online retail market is difficult, customer dissatisfaction with Amazon Australia is not hard to find” writes Midwest Communications Inc for 95kqds.com. Securities analysts argue, however, that Amazon plays a long game and that given its track record in dominating online retail in many countries, whatever missteps it makes can be fixed over time. Source: 95kqds.com Share This:

Read More