A few years to build a new factory in mexico. On thursday, trump criticized that plan tweeting that toyota should be slapped with heavy taxes if the factory is actually built. That is because he doesnt want toyota to make cars in mexico if they are to be sold in the u. S. His twitter message reads, toyota motor says will build a new plant in baja, mexico to build corolla cars for u. S. No way. Build in u. S. Or pay big border tax. Trump is calling for a review of the north American Free trade agreement or nafta. He said the move is needed to protect u. S. Jobs. He warns he will impose a 35 tariff on products made overseas by u. S. Companies. Following the tweet officials at toyota have told nhk that the plant in mexico will be a flu facility and not a relocation from the u. S. They say the plant will not cut toyotas u. S. Production or work force. The Officials Say the automaker has ten plants and 136,000 workers in the u. S. They added the company is looking forward to cooperating wit
Samsung selling assets to fund the note seven recall. Right. You can let us know what you think of our top stories. Follow me on twitter at rishaadtvand include trendingbusiness. Playing catch up when it comes to hong kong and shanghai. Markets closed on friday. Singapore, taiwan, malaysia coming online. Had a dramatic morning with the technical issues plaguing the asx. In anession was placed enquire state. The technical issues have been resolved, and we are expecting an open at half past the hour. We will be watching that. Taiwan,e, the open in up by 1. 5 . The straight times opening flat, malaysian stocks up by. 5 . Seeing modest gains. The new Zealand Market not moving much. But really the focus for Global Markets is the Central Bank Bonanza happening this week, the fed, the boj, a plethora of regional Central Banks. On thursday, rbnz. There is an outside chance we will be getting a move from the rbnz given Inflation Expectations are week. Bank of the philippines and the central ban
Sharp jumping on rumors at changes at the top. The ceo set to resign after the foxconn deal. ,ollow me on twitter rishaadtv include trendingbusiness as well. China markets underway. Good morning. Asian stocks swinging today as investors weigh chinas move to cut its Economic Growth target. Afterse stocks falling capping the best three weeks since 2014. The nikkei down, but investors say the recent rally and japanese stocks will stick. Off ahead of a Rate Decision on thursday, another Rate Decision in new zealand. New zealand stocks currently unchanged. Up, energy asx producers leading gains with that rebound and oil. Oil just capping the best threeweek rally we have seen in , gaining 1. 5 per barrel, helped by speculation that a firming u. S. Economy and Government Data showing production is starting to fall. Let me take a look at the aussie dollar, falling 3 10 of a percent after climbing in the last few days. Andlimbed all last week defies forecast, rising Commodity Prices, falling an
Security summit. Discussions will include terrorism and north korea. Regulators give the go ahead. Japans Nuclear Watchdog will allow tepco to freeze the soil around the Nuclear Plant to keep out ground water. And an investigation into how other countries are using International Conferences to fraudulently enter japan. People in myanmar are celebrating a step in the nations steps toward democracy. Hes the first leader without a military background in 54 years. The new head of state took the oath of office in a joint session of myanmars freshly elected parliament with his two Vice President s. In his inauguration speech he pledged to protect freedom, fairness and international independence. He belongs to the countrys largest political party, the National League for democracy. The nld is fronted by a leader who will take the post of foreign minister as well as three other portfolios. Outgoing leader handed over the presidency as part of the ceremony. Japans Prime Minister is on his way t
Forced down Energy Company shares in the s p 500. They fell 2. 4 today. 5. 4 so far this week. Fed chatter didnt help. Evans, dudley, lacquer, yellen, they all spoke. None broke new ground, but none quelled worries that Interest Rates may rise at the Central Banks next policy meeting in december. More on that in a moment. Meantime, the Dow Jones Industrial average fell 254 points to 17,448. Nasdaq declined 61. The s p 500 off 29 and is now negative for the year. Dow component cisco issues a disappointing outlook despite reporting a rise in profit. The Network Equipment maker earned 59 cents a share, 3 cents better than estimates. Revenues were also better than expected, coming in at more than 12 billion, an increase of 3. 5 from last year. But projected revenue and Earnings Growth were below estimates, and that initially pressured the stock in afterhours trading. Jon fortt has the key takeaway from ciscos results. Reporter one takeaway from ciscos earnings is that the guidance is what