Money

Author: 0 Australian bank levy bad news for New Zealand customers

Mr Morrison has urged bankers to not pass on the levy to customers through higher loan rates. "This is not a levy on their deposits". Elsewhere, several crossbench senators have joined calls for an investigation into how the budget's controversial bank levy was leaked to the media, leading to a $14 billion wipeout of bank shares.

Author: 0 Nigeria, others benefit as oil prices surge 3 per cent

Crude prices surged back above $47 to settle higher, as investors' jitters concerning rising levels of US oil output eased, after the EIA revealed a bullish inventories report. While US oil inventories fell, the country's oil production continued to rise, jumping above 9.3 million bpd last week, in what is now a more than 10 percent increase since its mid-2016 trough.

Money Moon's N. Korea policy to be within U.S. expectations: adviser
Author: 0 Moon's N. Korea policy to be within U.S. expectations: adviser

Bush's approach at that time. Thaad was deployed to South Korea by the United States in response to North Korea's increased missile and nuclear tests but the defence system has drawn sharp opposition from China and Russian Federation as their territories are within the system's range, according to CNN.

Money Makes a strong statement against President Donald Trump
Author: 0 Makes a strong statement against President Donald Trump

The White House had previously set itself the deadline of the May 27 G-7 leaders' summit in Taormina, Sicily, which Trump will attend with heads of state from other powerful developed nations. "The U.S. will remain engaged in the work the Arctic Council does on climate change throughout", David Balton, the State Department's assistant secretary for oceans and global environmental and scientific affairs, told reporters in a teleconference ahead of the meeting.

Author: 0 Interserve plc's (IRV) "Hold" Rating Reaffirmed at Liberum Capital

About shares traded. LyondellBasell Industries NV (NYSE:LYB) has risen 0.79% since October 5, 2016 and is uptrending. It has outperformed by 8.82% the S&P500. Beaufort Securities reissued a "buy" rating and set a GBX 1,920 ($24.83) price target on shares of Burberry Group plc in a research report on Thursday, April 20th.

Money Jakarta's Christian governor found guilty of blasphemy
Author: 0 Jakarta's Christian governor found guilty of blasphemy

Outside the court in north Jakarta , supporters. Basuki Tjahaja Purnama, nicknamed 'Ahok, ' was sentenced to two years in jail on Tuesday by the five-judge panel of the south Jakarta court. Vigilante groups frequently attempt with impunity to prevent Indonesia's religious minorities from practicing their faiths, and the country's gay community has faced a surge in persecution in the past two years.

Author: 0 PH ready to take part in China's Silk Road initiative

That's how Mr Xi presented his Belt and Road vision to drive trade and prosperity through Chinese built infrastructure. "Spanning thousands of miles and years, the ancient silk routes embody the spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit", Xi told an audience of more than 1,500 that have gathered in Beijing from around the world, reported Xinhua.

Money Microsoft takes on Apple with new $999 Surface Laptop
Author: 0 Microsoft takes on Apple with new $999 Surface Laptop

Yesterday, leaked images pointed towards Microsoft launching its answer to the Chromebook Pixel laptop series that's been revered by education-centered audiences. If you happen to buy a machine that comes pre-installed with Windows 10 S and you don't like it, you'll be able to upgrade to Windows 10 Pro for free until the end of the year, after which the upgrade will set you back $50.

Author: 0 Celebrate mothers for all they do throughout the year

This Mother's Day make it your personal business to make another memory that only you will remember. In 1908, the US Congress rejected a proposal to make Mother's Day an official holiday, joking that they would also have to proclaim a "Mother-in-law's Day".

Author: 0 Mnuchin Weaves in Tax Reform, With Trade Talk at G7 Italy

Under the administration of Donald Trump , the USA are feeling disadvantaged in global trade, not least due to other major currencies being undervalued compared to the dollar and unfavourable trade deals that the U.S. The United States said on Saturday the world's other rich economies were getting used to the policy plans of President Donald Trump , but Europe and Japan showed they remained anxious about Washington's shift.

Money Vodacom agrees $2.6 bln Safaricom deal to tap Kenyan market
Author: 0 Vodacom agrees $2.6 bln Safaricom deal to tap Kenyan market

Vodafone Group Plc ("Vodafone Group") announces today that its wholly-owned subsidiary, Vodafone International Holdings B.V. ("Vodafone"), has agreed to transfer part of its indirect shareholding in Safaricom Limited ("Safaricom") to Vodacom Group Limited ("Vodacom"), its sub-Saharan African subsidiary.

Author: 0 Belt & Road Forum: dozens of heads of state in Beijing to participate

The gathering of some 1,500 representatives from over 130 countries to discuss global cooperation led by China comes amid a backlash against globalisation and free trade in the USA and Europe. Without mentioning global developments including Brexit, success of Donald Trump in United States elections and rise of Le Pen in phenomenon in France, Advisor to the Pakistani Prime Minister on Foreign Affairs, Sartaj Aziz said that One Belt One Road (OBOR) counters anti-globalization sentiments and ...

Money Comprehensive Stock Analysis Of Cliffs Natural Resources Inc. (CLF)
Author: 0 Comprehensive Stock Analysis Of Cliffs Natural Resources Inc. (CLF)

It has underperformed by 0.83% the S&P500. It closed at $40.47 lastly. Black Diamond Inc (NASDAQ:BDE) has risen 16.47% since October 4, 2016 and is uptrending. It increased, as 52 investors sold PXD shares while 218 reduced holdings. 41 funds opened positions while 92 raised stakes. It is 0.00% or $0 reaching $0.025 per share.

Money Coach bags Kate Spade in US$2.4 billion deal
Author: 0 Coach bags Kate Spade in US$2.4 billion deal

The purchase of its smaller handbag rival comes as Coach looks to tap further into the millennial market-a market in which Kate Spade has found major success, thanks to its quirky handbags and ready-to-wear collection. In 2015, Coach acquired high-end footwear maker Stuart Weitzman Holding for $574 million. "In addition, we believe Coach's extensive experience in opening and operating specialty retail stores globally, and brand building in worldwide markets, can unlock Kate Spade's ...

Money Tesla Begins Taking Orders For Its Solar Energy Roof Tile Systems
Author: 0 Tesla Begins Taking Orders For Its Solar Energy Roof Tile Systems

The tiles are now available in grey smooth glass and black textured glass, and slate glass and Tuscan glass will arrive in 2018. Announced a year ago, the Solar Roof is a component of Tesla's plan to "accelerate the world's transition to a sustainable energy future" the company said on its website .

Money China, US Reach Agreement on Beef, Poultry, Natural Gas
Author: 0 China, US Reach Agreement on Beef, Poultry, Natural Gas

Alongside this, China is set to lift previous bans on U.S beef imports as well as natural gas shipments. The U.S. will also authorize Chinese imports of cooked chicken into the country by mid-July. And it's not the first time China has said it was opening the door to USA beef - they have been saying they would do so for 14 years now. NORTHAM: For its part, the Trump administration will allow imports of cooked poultry from China .

Author: 0 Could Sinclair-Tribune Deal Spawn A Fox News Competitor?

Here's the financials: Sinclair bought Tribune Media-which holds more 42 television stations in 33 markets-at a cost of just $3.9 billion, at $43.50 per share. FCC rules now restrict the national TV audience that any single owner can reach at 39 percent. Bogardus said Sinclair Broadcasting's business philosophy is to reduce newsroom payroll by not renewing the contracts of higher-priced on-air anchors and reporters.

Money Australia's Fairfax Media receives revised $2 bln offer from TPG-led group
Author: 0 Australia's Fairfax Media receives revised $2 bln offer from TPG-led group

Looks a done deal now (as if it weren't already). Fairfax's board had been tipped to reject the offer after it indicated the proposal may not be good value for shareholders and may be too complex to carry out anyway. Regardless of the proposal, Fairfax is continuing to progress the preparation for its spin-off and listing of the Domain business, the company said.

Money Crude Inventories Drop Sharply, As Imports Decline EIA
Author: 0 Crude Inventories Drop Sharply, As Imports Decline EIA

The energy component was already trading higher on Wednesday after data released by the American Petroleum Institute late Tuesday showed U.S. inventories fell by 5.79 million barrels. If you are a believer of a successful and prolonged extension of the OPEC and non-OPEC output cut pledges, you can definitely invest in regular and leveraged oil or energy exchange-traded products for gains, at least for the short term.

Author: 0 Crude Prices Higher on US Stocks Draw

Crude inventories in the United States fell 5.2 million barrels in the week through May 5, the Energy Information Administration reported. Supply from the 11 OPEC members with production targets under the accord - all except Libya and Nigeria - fell to 29.674 million bpd last month, according to figures from secondary sources that OPEC uses to monitor output.

Author: 0 Oil sinks to its lowest level since November

Closing prices, below US$50 a barrel, were the lowest since Nov 29, thereby erasing all the market gains that followed a late 2016 announcement by the Organization of the Petroleum Exporting Countries it would cut output. Both were on track for their biggest daily percentage declines since March 8. Decision on the prolongation of agreement is expected to be made at the 172nd meeting of the OPEC Council of Ministers scheduled for May 25 in Vienna.

Author: 0 Trump asked Comey to pledge loyalty over dinner at the White House

The way Comey handled the situation is "disgraceful", according to Trump. The tweet immediately conjured up thoughts of former President Richard Nixon, who resigned during the Watergate scandal and infamously recorded conversations that helped lead to his decision to step down.

Money Snap Loses $6B in Market Value Despite CEO Spiegel's Confidence in Future
Author: 0 Snap Loses $6B in Market Value Despite CEO Spiegel's Confidence in Future

Recently, facebook also mentioned that its widely popular messaging app- Watsapp has 175 million daily active users for its newly introduced stories-like Status feature. He added, "To their credit "they did guide towards a number that would be lower, which it was". Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Author: 0 Bank of England ups inflation forecast and lowers growth

The Inflation Report added that wages were likely to rise faster in the coming years, with CPI inflation lower and GDP growth stable. The combination of higher inflation and weaker growth puts the Bank of England in a bind. Forbes, an external MPC member who will leave the committee in June after one more meeting to return to academia, stuck to the same stance as the last meeting, when she became the first member to cast a vote for a hike in interest rates since January 2016.

Money SpaceX all set to launch first military satellite
Author: 0 SpaceX all set to launch first military satellite

The rocket is carrying a spy satellite for the U.S. National Reconnaissance Office . Billionaire Elon Musk has battled for years to work with the USA military on space launches. SpaceX successfully relaunched a refurbished Falcon 9 first stage in March to send an SES communications satellite into orbit. For the past ten years the U.S.

Author: 0 Stop Playing Politics with Chibok Girls ~ NLC President Warns

The girls who were freed on Saturday are undergoing rehabilitation similar to that of their peers who were released in October. Neither the government nor Boko Haram , which has links to the Islamic State group, gave details about the exchange.

Money Trump says open to raising gasoline tax to fund infrastructure
Author: 0 Trump says open to raising gasoline tax to fund infrastructure

In fact, there was not a single economist who claimed that there was any precedent for a tax cut paying for itself through growth since 1980. The administration did not mention the gas tax in its tax reform pitch released last week, which promised "the biggest individual and business tax cut in American history".

Money OPEC cuts questioned as crude oil prices tumble
Author: 0 OPEC cuts questioned as crude oil prices tumble

Brent crude, the global oil benchmark, dropped 4.8% to $48.38 a barrel in London on Thursday. The Organization of the Petroleum Exporting Countries, Russia and other producers originally agreed to curb production by 1.8 million barrels per day (bpd) for six months from January 1 to support the market.

Author: 0 Investors hope the Federal Reserve will delay interest rate hikes

Jobs growth also slowed sharply in March but the unemployment rate dropped to a near 10-year low of 4.5 percent. The Fed is widely expected to keep its key short-term rate unchanged after having raised it in March for the second time in three months.

Money BHP to drop 'Billiton' in major rebranding to shore up local support
Author: 0 BHP to drop 'Billiton' in major rebranding to shore up local support

BHP Billiton has launched a corporate rebranding campaign as part of a move to play up its Australian heritage while distancing itself from the 2001 merger with UK-listed Billiton. Company lists on what is now the Australian Securities Exchange. In early May, Australian fund manager Tribeca Investment Partners issued its own call for BHP to exit its U.S.

Author: 0 Laptop ban could pose safety risk, say Europe officials

The action would extend a limited ban that was put in place in March. The DHS announced on March 21 that laptops and other large electronic devices would be banned from airliner cabins on direct flights to the US from 10 Middle Eastern airports.

Money China to import U.S. beef by mid-July
Author: 0 China to import U.S. beef by mid-July

China will lift a ban on American beef and allow for its import no later than July 16. The U.S. -China agreement on access to Chinese beef markets has just one more round of technical consultations and a July 16 deadline before U.S. "I look forward to the day when we can serve President Trump and President Xi a dry-age, American-made, NY strip in Beijing". Under the agreement released on Friday, China agreed to resume imports of United States beef by July 16.

Author: 0 Trump Names Michigan Supreme Court Justice To Federal Appeals Court

Had Hillary Clinton won the election, she might now be packing in the courts with a slate of more liberal judges. President Donald Trump on Monday announced his third wave of federal judicial appointments, and the White House defended the pace of presidential nominations, saying it's "well on pace with where previous administrations have been".

Money No need for special prosecutor on Russia scandal: White House
Author: 0 No need for special prosecutor on Russia scandal: White House

For one of the first times since President Trump was inaugurated, Spicer has not delivered a single press briefing on Wednesday or Thursday. Allowing Trump to end the daily press briefings means that an already secretive White House will become even more so.

Author: 0 Dollar gains as Fed stays on track for gradual rate hikes

Policymakers, led by Fed chair Janet Yellen, have spoken of raising the cost of borrowing in the U.S. twice more this year, having put it up in March. The statement did say it expected the first-quarter's anemic pace to speed up later in the year. Ahead of the latest Fed statement, futures markets put the chances of a June rate hike at just above 65% and there is unlikely to be a substantial change.

Author: 0 Canada rejects US duties on lumber as 'baseless'

Mnuchin said earlier Saturday that he had productive meetings with his counterparts at Bari on the need to protect the financial IT infrastructure. "This is a reminder to all of us of the importance and focus on cyber security", said United States treasury secretary Steven Mnuchin .

Author: 0 Olympics: Macron to meet International Olympic Committee commission on Tuesday

Baumann also expressed that his team was impressed by what LA 2024 had done to the city and to the Olympic movement. "To be able to tell them we're the Aquatic Capital of the United States, and that there's more water polo players from Long Beach than any other city in the country, that was pretty special", he said.

Money Infosys pushes salary hikes to July, even later for executives
Author: 0 Infosys pushes salary hikes to July, even later for executives

This also impacts their margins. However, industry sources suggest that the number would run into hundreds. These layoffs by IT majors have escalated fears of massive unemployment and loss of livelihoods. Wipro , on the other hand, said: " Wipro undertakes a rigorous performance appraisal process on a regular basis to align its workforce with the business objectives, strategic priorities of the organisation, and requirements of our clients".

Author: 0 Unprecedented cyberattacks wreak global havoc

Some experts said the threat had receded for now, in part because a British-based researcher, who declined to give his name, registered a domain that he noticed the malware was trying to connect to, and so limited the worm's spread. Portugal Telecom and Telefonica Argentina both said they were also targeted. However [Amber Rudd], Home Secretary, said 97% of NHS trusts were "working as normal" and there was no evidence patient data was affected.

Author: 0 Tottenham Hotspur Send White Hart Lane Off in Style (Videos, Photos)

The last-ever goal came from Manchester United captain Wayne Rooney, but by that time Tottenham already had the goals it required - from Victor Wanyama's sixth-minute header and Kane's 28th goal of the season. An end of an era. Of course, United may be distracted by their quest to win the Europa League. By the way, here was "the last supper" in the media room in case you were interested.

Author: 0 US Inventories and OPEC Boost Crude Oil Futures

Some analysts questioned whether the staying power of the sharp price rebound after the U.S. Energy Information Administration said crude inventories fell 5.2 million barrels last week, much more than the 1.8 million-barrel slide analysts predicted.

Money Here are the unanswered questions about Trump's 'tapes' warning to Comey
Author: 0 Here are the unanswered questions about Trump's 'tapes' warning to Comey

President Trump said he hopes to "make a fast decision" on the replacement for fired FBI Director James Comey, hinting an announcement could come within days. While I've obviously been wrong before, I'd be surprised if he went that route. Sanders attributed Trump's shift to the difference between being a candidate and president.

Money Ballad beats glitz as Portugal's Sobral wins Eurovision
Author: 0 Ballad beats glitz as Portugal's Sobral wins Eurovision

Ukraine has won the competition twice, including a year ago with a song about the mass deportation of Tatars from Crimea by Josef Stalin, and its winners will perform on Saturday. The contest is aimed at good, apolitical fun. The Moscow-Kyiv split is a headache for Eurovision's producer, the European Broadcasting Union, which strives mightily to keep pop and politics separate.

Author: 0 Trump calls for tougher sanctions after North Korea missile

It was not immediately clear what type of ballistic missile was launched, the seventh such firing this year, although the US Pacific Command said that "the flight is not consistent with an intercontinental ballistic missile". While Pyongyang regularly tests shorter-range missiles, it is also working to master the technology needed to field nuclear-tipped missiles that can reach the U.S.

Money Japan Aso says gradually seeing the course of United States policies
Author: 0 Japan Aso says gradually seeing the course of United States policies

Finance ministers also said that countries would have to do more to distribute growth more equally. Mnuchin, who skipped the opening session in Bari where academics spoke on inequality and growth and arrived long after other ministers, told reporters he was "excited" about the emerging new USA trade policy.

Money Hamilton on pole in Spain, Ricciardo sixth
Author: 0 Hamilton on pole in Spain, Ricciardo sixth

Hamilton's team-mate Valtteri Bottas, a first-time victor in Russian Federation two weeks ago, qualified in third, with Ferrari's Kimi Raikkonen fourth. "There is very little grip here, unlike the first four races, and I had no sensation on the track", Stroll admitted. "We hope that he will be able to run at some point in third practice - the boys are working flat out on it to make that possible", he added.

Author: 0 Bank of England warns on wages and cuts growth forecast

And then, along with other officials, he's had to refrain from public speaking - aside from policy-specific communications - since the middle of last month until after the snap United Kingdom election in June. ING economist James Smith commented that, despite some hawkish sentiments from Mr Carney, he still did not expect an interest rate hike before Brexit talks conclude in 2019.

Money Fernando Alonso departs Spain for Indy 500 practice
Author: 0 Fernando Alonso departs Spain for Indy 500 practice

McLaren-Honda boss Zak Brown said he accepted Fernando Alonso's challenge to give him a race winning vehicle for next year, and had no concerns at him leaving the circuit to play tennis after another engine failure. It was a hard start for Fernando at his home race in FP1, when he suffered an engine problem causing him to stop out on track at Turn Two on his first lap out of the garage.