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Finance

The exports and imports figures yielded a trade deficit of US$9.15 billion, the first monthly deficit for the country since February 2014, when there was a trade gap of almost US$23 billion. Market demand, especially domestic demand, is increasing significantly, General Administration of Customs head Yu Guangzhou told reporters yesterday.
  • OECD Sees US, Canadian Economies Leading Near-Term Growth Race

    OECD Sees US, Canadian Economies Leading Near-Term Growth Race

    Finance

    But it stuck to its forecast that growth would slow to 1% in 2018, which is expected to be a key year in negotiations over the United Kingdom leaving the European Union. The moderate pace of growth is expected to continue in the euro area but is being held back in some countries by stubbornly high unemployment and underemployment - particularly of youth - as well as by banking sector weakness.
  • Trump Congratulates Himself on Exxon Mobile Corporation Plans Made in 2013 (XOM)

    Trump Congratulates Himself on Exxon Mobile Corporation Plans Made in 2013 (XOM)

    Finance

    Trial started today for Exxon Mobil's Corp's Baytown complex in regards to accidental releases of harmful emission. On Monday, Trump released a statement congratulating ExxonMobil for its latest "job-creating investment program". "ExxonMobil is strategically investing in new refining and chemical-manufacturing projects in the U.S. Gulf Coast region to expand its manufacturing and export capacity", said the company's press release, posted at 3:10 pm Eastern.
  • Samsung Galaxy J7 (2017) Gets Wi-Fi Certification, Gearing Up For Launch?

    Finance

    Launched in August 2015 in South Korea, Samsung Pay is now available in 12 countries including the US, China, Spain and Australia, with India the latest entry. 28,490 and the Galaxy A7 (2017) ships with a price tag of Rs. 33,490. Galaxy A5 (2017) smartphones have a premium Aluminium frame and 3D curved glass back.
  • Crude Oil Still Stuck Near $53

    Crude Oil Still Stuck Near $53

    Finance

    West Texas Intermediate crude CLc1 slipped 4 cents to $53.16 a barrel as of 0042 GMT after settling down 13 cents in the previous session. But Falih said that happened only because Saudi Arabia cut beyond what it pledged, bringing the kingdom's output below 10 million barrels per day (bpd).
  • Castile's Fmr. Girlfriend's Plea In Hammer Assault Expected Monday

    Castile's Fmr. Girlfriend's Plea In Hammer Assault Expected Monday

    Finance

    A struggle ensued during which Reynolds allegedly struck the victim with a hammer, knocking her to the ground, according to the complaint. Ramsey County authorities declared that Diamond Reynolds, a 27-year-old woman, has been charged with third- and second-degree assault after repeatedly hitting another woman in the head with the hammer.
  • Arsenal manager Arsene Wenger denies rift with Alexis Sanchez

    Arsenal manager Arsene Wenger denies rift with Alexis Sanchez

    Finance

    Arsenal , for the seventh successive year, will exit at the Round of 16 stage. What was bad in the first half was the collective performance. Can that Arsenal team without him finish in the top four? They can beat Arsenal but they lose to Burnley and there are a lot more Burnleys than Arsenals in the Premier League.
  • French Air Traffic Controller Strike Disrupts Travel

    French Air Traffic Controller Strike Disrupts Travel

    Finance

    The ATCs action will affect flights to France plus those crossing its airspace which includes flights to and from Italy, Switzerland and Spain. EasyJet says it expects to cancel between 30 and 40 flights on Monday. The low-priced airline said: "We regret that we have again been forced to cancel a number of flights due to another strike by French ATC unions". The turmoil is exacerbated by separate Air France cabin-crew strike.
  • Obama warned Trump that North Korea would be his biggest problem

    Obama warned Trump that North Korea would be his biggest problem

    Finance

    The revelation comes just two months after North Korean leader Kim Jong-un said his regime was close to testing an intercontinental ballistic missile, and amid a growing consensus that Pyongyang could be just years away from being able to launch a nuclear strike on the USA mainland.
  • Aberdeen exploring options for tie-up with Standard Life

    Aberdeen exploring options for tie-up with Standard Life

    Finance

    However, Standard Life has confirmed that discussions between the two firms remain ongoing and that any potential merger is subject to shareholder approvals and receipt, on satisfactory terms, of regulatory and merger control approvals as appropriate, as well as other customary conditions.
  • Logan Slices To The Top Of The Box Office Weekend

    Finance

    Note: this is hopefully apparent from the title, but this article discusses the fate of Wolverine in the movie Logan , which obviously constitutes a major spoiler . This is higher than the $53.1 million opening that The Wolverine got back in 2013. New feature The Shack , starring Octavia Spencer and Sam Worthington, is a surprise hit, too - the faith-based film was panned by critics, but moviegoers gave it $16.1 million across 2,888 theaters.
  • Deutsche Bank sees Postbank re-integration taking 3-5 years

    Deutsche Bank sees Postbank re-integration taking 3-5 years

    Finance

    Deutsche Bank AG will offer €8 billion of stock, sell part of its asset-management business and named two deputies to chief executive John Cryan as Germany's largest lender seeks to shore up capital after two consecutive years of losses. In an interview seven weeks ago with CNBC , Cryan said that hiking capital was not the best option to improve its financial situation. The timing of the capital increase seeks to take advantage of a resurgence in Deutsche Bank's share price, which has ...
  • Big Lots, Inc. Q4 Sales Stall, But 2017 Outlook Optimistic

    Finance

    Following the sturdy performance, the company raised its fiscal 2016 earnings view. (NYSE:BIG), with 3 analysts believing it is a strong buy. "The response toward furniture financing has been impressive and the company has been expanding assortments in this category".
  • Uber Using Software to Identify and Avoid Code Enforcement

    Uber Using Software to Identify and Avoid Code Enforcement

    Finance

    In the United States, the program was used in Las Vegas, Philadelphia, Boston, and Portland. Those markets include Boston, Paris and Las Vegas in the USA, as well as Australia, China, Italy and South Korea. Another technique would examine users' credit card information to determine whether the card was tied to a city agency. If a driver picked up a suspected officer by accident, Uber called them to give specific instructions to end the ride.
  • Woman questioned after 9yo boy mauled, 5yo boy missing in Murray River

    Woman questioned after 9yo boy mauled, 5yo boy missing in Murray River

    Finance

    As he ran up the bank, he was "savagely mauled" by a dog, who then attacked the mother as she turned her focus to her youngest son. Detective Sergeant Swinton said the woman had told police of her intention to kill both children, and also allegedly told witnesses the night before that she "had to drown my babies".
  • Wall Street steady after Yellen signals rate hike this month

    Finance

    US consumer spending cooled in January as demand for automobiles and utilities fell, but inflation recorded its biggest monthly increase in four years, raising the probability of an interest rate hike from the Fed this month. Asked after her speech about how expected tax and spending policies might figure into the Fed's outlook, Yellen said officials will wait until they know more about the composition and timing of any changes.
  • PSA Nears Deal to Buy Opel from GM

    Finance

    Talks are progressing well ahead of a PSA board meeting to be held before the tie-up can be unveiled, people close to the discussions said, adding the deal could be announced as soon as Monday, the eve of the Geneva auto show. PSA Chief Executive Carlos Tavares said a full acquisition of Opel offered an "opportunity to create a European vehicle champion" and quickly exceed 5 million annual auto sales.
  • Bitcoin hits all-time high as talk of US ETF approval intensifies

    Bitcoin hits all-time high as talk of US ETF approval intensifies

    Finance

    Bitcoin's 24-hour trading volume broke $365 million overnight, more than 150% higher than the session low of $140 million on 1 March. The price of Bitcoin surges amid a period of government crackdowns on cryptocurrencies, civil liberties, and freedom of the press, all over the world.
  • Federal agents probe 3 Caterpillar Illinois offices

    Federal agents probe 3 Caterpillar Illinois offices

    Finance

    Three of Caterpillar's IL facilities received surprise visits from federal agencies Thursday morning as law enforcement officials seized documents and electronic records apparently pertaining to an ongoing investigation into the company's tax strategy.
  • " "The Barclays PLC Reiterates "$158.00" Price Target for Costco Wholesale Corporation (COST)

    Finance

    Second-quarter net income totaled $515 million, or $1.17 per share, the company reported. In the same period a year ago, Costco reported EPS of $1.24 on revenue of $28.17 billion. The stock has a 5 year average dividend yield of 1.1% and the stock has a Indicated annual dividend of $1.8. For the quarter ending Feb-17, 21 analysts have a mean sales target of 29,863.30 million whilst for the year ending Aug-17, 24 analysts have a mean target of 127,035.00 million.
  • YouTube announces YouTube TV; live streaming service to take on cable TV

    Finance

    The service, which will be provided through its own app, is being billed as a "mobile first" service, which means that it will be tailored to users who enjoy watching content on their phones. YouTube TV works on both Android and iOS. However, users will still be able to watch TV on their laptops, computers, or on traditional televisions via Chromecast devices.
  • USA shale producers renew their challenge to OPEC

    USA shale producers renew their challenge to OPEC

    Finance

    Novak forecast Brent crude would average between $55 and $60 a barrel this year, with Russia's flagship Urals crude oil blend probably trading $2-$3 a barrel below that. According to OPEC's latest report, the club and its partners have reached 86% of their agreed cuts. The primary reason for this is the relatively short lead time required for US shale oil production to return to growth based on price signals.
  • Theresa May lays down independence vote challenge to Sturgeon

    Theresa May lays down independence vote challenge to Sturgeon

    Finance

    In a speech to party activists in Glasgow, the Conservative Party leader said that keeping England, Scotland, Wales and Northern Ireland together was her " personal priority " and there was "no economic case" for breaking up the UK. London should not be permitted to dictate the terms of Scotland's future, she said. When the Prime Minister began talking about the lack of an economic case for Scottish independence, it was hard to escape a sense of deja vu .
  • Pettapiece pleased with hydro rate cuts, not with how it was done

    Finance

    The government faces no bigger political issue at the moment than hydro bills, which have about doubled in the last decade, and Premier Kathleen Wynne has promised that further relief - on top of 8% rebate that took effect January 1 - will be announced before the spring budget.
  • AB InBev raises merger savings target to $2.8 billion

    AB InBev raises merger savings target to $2.8 billion

    Finance

    AB InBev, now more than double the size globally of nearest rival Heineken after completing the SABMiller deal in October, recognized its performance previous year was disappointing and said most of its executive board would not receive bonuses.
  • Gold falls on dollar pressure after hawkish Fed comments

    Finance

    Soon after Lael Brainard's speech in the early hours of the Asian session today, dollar / yen shot up to rise back above the key 114-yen level. "Assuming continued progress, it will likely be appropriate soon to remove additional accommodation, continuing on a gradual path".
  • USA consumer spending up slightly, inflation at 4-year high

    USA consumer spending up slightly, inflation at 4-year high

    Finance

    That almost matches the Fed's target of 2 per cent and may make a rate hike by the Fed more likely in the coming months. That was the biggest increase since January 2012 and followed a 0.1 per cent gain in December. The yield on the 10-year note climbed to 2.46%, a 6 basis point rise from Tuesday's close. Rising price pressures suggest that consumer spending will probably not provide a big boost to gross domestic product in the first quarter.
  • Inflation rebound hopes prop up euro zone bond yields

    Inflation rebound hopes prop up euro zone bond yields

    Finance

    Rising energy prices and higher food costs were the main drivers behind the overall increase in Germany, a breakdown of the non-harmonized data showed. In December, the bank made a decision to continue purchases through the end of this year while reducing them from 80 billion euros a month to 60 billion euros a month from April.
  • Cisco Partly To Blame For Palo Alto Networks' Pain?

    Finance

    The stock was sold at an average price of $127.32, for a total value of $3,382,383.12. B & T Capital Management DBA Alpha Capital Management bought a new stake in Palo Alto Networks during the second quarter worth about $671,000. The company reported wider-than-expected loss in the second quarter. The company had Year Ago Sales of $508.24 Million. Zacks estimates excluded $0.09 from non-recurring items.
  • Salesforce.com, inc. (NYSE:CRM) Share Price Target Increased By $5

    Finance

    BlackRock Institutional Trust Company N.A. now owns 16,394,124 shares of the CRM provider's stock worth $1,301,857,000 after buying an additional 127,481 shares in the last quarter. 3 analysts recommended Overweight these shares while 1 recommended Underweight, according to FactSet data. "Lucha Capital Management LP Takes Position in salesforce .com, inc".