Trump aims for high drama on first foreign swing

May 15 , 2017

The president will stop in Rome to meet the pope before heading to Brussels for a North Atlantic Treaty Organisation summit and then returning to Sicily for a meeting of the leaders of the Group of Seven industrialized nations (May 26-27). The comments were seen by many as a swipe at Trump's pledge to pull the United States out of the COP21 Paris Agreement which binds countries to national pledges to reduce greenhouse gas emissions.

Why is India opposing One Belt One Road Forum?

May 15 , 2017

The memorandums of understanding add to $57 billion already pledged for the China-Pakistan Economic Corridor (CPEC), a network of rail, road and energy infrastructure that is part of the wider Chinese project also known as the Belt and Road initiative, or One Belt, One Road.

What Are Analysts Opinions On Sirius XM Holdings Inc. (SIRI)

May 15 , 2017

On Friday, February 5 the stock rating was downgraded by CLSA to "Hold". See Cascade Microtech, Inc. Frontier Wealth Management LLC now owns 24,763 shares of the company's stock worth $110,000 after buying an additional 324 shares in the last quarter.

Microsoft debuts locked-down Windows 10 S

May 15 , 2017

Microsoft has recently unveiled the new lean-and-mean operating system for running classroom PCs- the Windows 10 S - at an event in New York City on Tuesday, May 2, 2017. It features a 13.5-inch touch-screen display, 14.5 hours of battery life, and boasts a quick startup, fast performance, and luxury fit and finish. The company said the Core i5 version of the Surface Laptop was priced from US$999 while the i7 model starts at US$1599.

Encana Corp (ECA) Given a $13.00 Price Target at BMO Capital Markets

May 15 , 2017

Encana Corporation shares increased 4.5 percent over the past week and fell -5.83 percent over the previous month. Encana Corporation (ECA ) has an Average Brokerage Recommendation (ABR) of 1.94, according to data compiled by Zacks Investment Research .

G-7 countries call for renewed common effort against cybercrime

May 15 , 2017

G7 members have said they want a better sense of the plans of US President Donald Trump , who has threatened to upset the worldwide consensus of recent decades on issues such as trade and rules for the financial services industry. "Global recovery is gaining momentum, yet growth remains moderate and GDP is still below potential in many countries, with the balance of risks tilted to the downside", the leaders said in the communique.

North Korea launches a new unidentified missile as tensions with United States fester

May 15 , 2017

Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, who was at the forum, had a "fairly detailed talk" about the situation of the Korean peninsula, including the North's missile test, said Putin's spokesperson, Dmitri S.

UAE commendeds China's Belt and Road initiative

May 15 , 2017

The nation will focus on frontier areas such as digital economy, artificial intelligence, nanotechnology and quantum computing, Xi told the Belt and Road Forum for International Cooperation in Beijing . The CPEC has emerged as a thorny issue between India and China whose ties have been under severe strain over issues ranging from Beijing blocking New Delhi's bid for the Nuclear Suppliers Group and its appeal to get an global ban on Pakistani militant Masood Azhar.

Phillies-Nationals Game Postponed Due To Inclement Weather

May 15 , 2017

The runs were Neshek's first allowed this season. "And then obviously the pain was pretty intense, but I just needed to catch my breath". OUR PREDICTION: The over is a flawless 5-0 in the Nationals' last five games overall and is 5-1-1 in their last seven home games when facing a right-handed starter.

President Moon's first overseas trips expected to be Washington, Beijing then Tokyo

May 15 , 2017

Moon also called China's Xi Jinping on Wednesday and spoke to the Chinese leader for 40 minutes. During the call, Moon told Xi that South Korean people and companies in China "are going through many difficulties", and said he hoped Xi could "pay special attention so the restrictions and sanctions could be smoothly resolved", Yoon said.

Vodacom said to buy R34.6 billion Safaricom stake

May 15 , 2017

Vodafone now holds a 40% indirect interest in Safaricom through a subsidiary, Vodafone Kenya Ltd.Vodacom has agreed to acquire an 87.5% shareholding in VKL, representing a 35% indirect interest in Safaricom. The transaction provides a large level of diversification in a single transaction and Safaricom is highly complementary to Vodacom Group's existing footprint.

Coach Just Bought Kate Spade & Here's What That Means for Bargain Hunters

May 15 , 2017

Instead of focusing on one brand, Coach is creating a "house of modern luxury brands", which will be operated entirely independent of each other, Siegel said. At 1220 BST, Kate Spade shares were up 8% to $18.35. At the same time, he says they plan to slash Kate Spade's "wholesale disposition and online flash sale channels".

Nebraska welcomes trade deal to feed China's taste for beef

May 15 , 2017

In turn, China will be able to send cooked poultry to the US once the two sides resolve "outstanding issues" - mostly related to concerns over safety and hygiene. Jeremie Waterman, the executive director for greater China at the United States Chamber of Commerce, cautiously welcomed the trade deals, while noting that he did not yet have the details.

Sinclair Acquires Tribune Media for $3.9 Billion

May 15 , 2017

With its new holdings, Sinclair would hold stations in seven of the biggest 10 markets. Nexstar Media and a joint Fox/Blackstone venture had been reported as other potential bidders for Tribune. The $43.50 per share buyout price represents an 8% premium over TRCO's Friday closing price of $40.29, and a 26% premium over its last unaffecting closing price back on February 28.

Oil extends gains as USA crude stocks fall for 5th straight week

May 15 , 2017

In another bearish blow to crude oil prices, the EIA, in its Short-Term Energy Outlook said that the USA crude oil production will average 9.3 million barrels per day (bpd) in 2017 and 10 million bpd in 2018. But prices, however, slumped in recent weeks due to rising US production, which undermined the OPEC-led efforts to reduce a global crude glut. This occurred as refinery activity eased from recent elevated levels and oil imports dropped by 644,000 barrels a day.

Mnuchin Says U.S. Reserves Right To Be Protectionist

May 15 , 2017

U.S. Treasury Secretary Steven Mnuchin was due to explain Trump's plans to cut business taxes and regulation, as well as the president's push for what he considers more balanced trading relationships. He has sparked fears of protectionist policies and concerns that the United States will renege on promises to keep the global financial system safe. "Frankly no, we discussed it but we don't know anything", Bank of Italy chief Ignazio Visco said.

Oil rises as countries join OPEC cuts, USA inventory falls

May 15 , 2017

News of a possible extension of the OPEC cuts and reports that USA crude stockpiles have dropped by 5.2 million barrels last week slightly boosted worldwide oil prices. Despite an overall drop in OPEC crude production in April, Saudi Arabia's output increased, according to a monthly report from the cartel out Thursday.

North Korea agrees to talk to United States 'if conditions are set'

May 15 , 2017

The U.N. Security Council first imposed sanctions on North Korea in 2006 and has strengthened the measures in response to its five nuclear tests and two long-range rocket launches. Moon, South Korea's first liberal leader in almost a decade, said as he took his oath of office last week that he'd be willing to visit the North if the circumstances were right.

German state vote shows Merkel on track

May 15 , 2017

Angela Merkel's party is ahead with 34.5% of the votes in Germany's most populous state, according to an exit poll . Just over four months from the federal election on September 24, the defeat is likely to trigger debate within the SPD about its choice of candidate and campaign stance, which has focused on income equality and helping voters who feel left behind in Germany's economic boom.

There is crisis of credibility with Trump: Schumer

May 15 , 2017

Kirsten Gillibrand said Trump's firing cast a dark shadow over the investigation, and she urged Republicans to "join in calling for an independent prosecutor in Trump campaign's connections with Russian Federation". "One of the, I think, heightened responsibilities we're going to have in the House Intelligence Committee is making sure that, whoever comes in, this investigation by the bureau goes on unimpeded, because the FBI has a reach that neither our committee nor the Senate committee has", ...

U.S. jobs report shores up markets but oil weakens further

May 15 , 2017

OPEC is expected to decide at talks on May 25 whether to extend production the current deal to cut production for an additional six months to the end of the year. Brent for July settlement slumped as much as US$1.74, or 3.6 percent, to US$46.64 a barrel on the London-based ICE Futures Europe. Crude is now back to levels last seen before OPEC and other producers said they would cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year in a bid to tighten the ...

World's biggest cyberattack hits 150 countries, the threat is 'escalating'

May 15 , 2017

The ransomware attack unleashed on Friday has affected more than 100,000 organizations in 150 countries, according to Europe's law enforcement agency Europol on Sunday. "One of the nice things about Bitcoin is that anyone can view all of the historic transactions tied a given Bitcoin payment address". But since the cyber attack she has been unable to pick up a repeat prescription at Blackpool's Victoria Hospital, as they can not access her online records.

US Attorney General Jeff Sessions orders crackdown on drug traffickers

May 15 , 2017

What it did was allow prosecutors to avoid bringing charges that would lead to long sentences. Recommendations for sentencing departures or variances require supervisory approval, and the reasoning must be documented in the file. Earlier DOJ Guidance that discouraged the federal prosecution of low-level drug offenders resulted in a 14% drop in federal prosecution of drug cases and a focus on more serious offenses and more unsafe offenders.

Comey Hopes Trump Taped Their White House Dinner Conversation

May 15 , 2017

Comey hasn't spoken publicly since he was sacked, but an associate said Trump's claims are puzzling, adding that Trump sought a loyalty pledge from Comey during the January 27 White House dinner, which the ex-director declined to give. Trump said . "Maybe the best thing to do would be to cancel all future "press briefings" and hand out written responses for the sake of accuracy???" Sanders then recited past statements made by lawmakers in the Democratic Party about their ...

Snapchat Stock Tanks. Shaves $1 Billion From Evan Spiegel's Net Worth

May 15 , 2017

The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps. Revenue was "a relatively disappointing number", Pivotal Research analyst Brian Wieser said. To put it lightly, things did not go as planned for investors of the young darling tech company.

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

May 15 , 2017

However, the new $2.7 billion offer appears well short of the $3.1 billion that Fairfax believes the company is worth in its entirety. "While the revised offer is clearly superior in that is an offer for the entire company, TPG may need to offer more than A$1.20 if it is to win the support of all shareholders", said Alex Waislitz, chairman of Thorney Opportunities Ltd, which holds Fairfax shares.

Base rate held as policymakers rein in growth forecast

May 15 , 2017

Mr Carney said a whole different forecast would have to be produced to estimate the impact of a rocky or disorderly Brexit. "The weak pound since Britain's vote to leave the European Union has seen inflation surge in recent months with a weaker sterling pushing up the price of imported goods", said Tom Stevenson, investment director for personal investing at Fidelity International .

SpaceX launches top spy satellite

May 15 , 2017

The mission marks the first time SpaceX has been contracted to launch an NRO satellite into orbit . About ten minutes after take-off, the main section of the rocket came back to Earth and landed upright at Cape Canaveral Air Force Station, located just south of the launch site.

Alphabet's self-driving unit Waymo is teaming up with Lyft

May 15 , 2017

The companies declined to describe the nature of the partnership. Uber is also testing autonomous cars there. Waymo has been telegraphing over the past few months that its autonomous technology is ready for wider use. Lyft, the second-largest USA ride-hailing provider, is also working on autonomous technology with General Motors Co., which is an investor in the startup.

BJP terms Kejriwal as 'Mr Corrupt', demands his resignation

May 15 , 2017

Singh said for the past two-and-a-half years, BJP was talking about the "Rs 2-crore donations" and now Kapil Mishra had raised the same issue. He said the party has accumulated the money through shell companies. If he didn't step down, the former water minister said he would "drag" the chief minister by his "collar" and take him to Tihar jail, reported the agency.

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Economy

Trump aims for high drama on first foreign swing

Why is India opposing One Belt One Road Forum?

What Are Analysts Opinions On Sirius XM Holdings Inc. (SIRI)

Microsoft debuts locked-down Windows 10 S

Encana Corp (ECA) Given a $13.00 Price Target at BMO Capital Markets

G-7 countries call for renewed common effort against cybercrime

North Korea launches a new unidentified missile as tensions with United States fester

UAE commendeds China's Belt and Road initiative

Phillies-Nationals Game Postponed Due To Inclement Weather

President Moon's first overseas trips expected to be Washington, Beijing then Tokyo

Vodacom said to buy R34.6 billion Safaricom stake

Coach Just Bought Kate Spade & Here's What That Means for Bargain Hunters

Nebraska welcomes trade deal to feed China's taste for beef

Sinclair Acquires Tribune Media for $3.9 Billion

Oil extends gains as USA crude stocks fall for 5th straight week

Mnuchin Says U.S. Reserves Right To Be Protectionist

Oil rises as countries join OPEC cuts, USA inventory falls

North Korea agrees to talk to United States 'if conditions are set'

German state vote shows Merkel on track

There is crisis of credibility with Trump: Schumer

U.S. jobs report shores up markets but oil weakens further

World's biggest cyberattack hits 150 countries, the threat is 'escalating'

US Attorney General Jeff Sessions orders crackdown on drug traffickers

Comey Hopes Trump Taped Their White House Dinner Conversation

Snapchat Stock Tanks. Shaves $1 Billion From Evan Spiegel's Net Worth

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

Base rate held as policymakers rein in growth forecast

SpaceX launches top spy satellite

Alphabet's self-driving unit Waymo is teaming up with Lyft

BJP terms Kejriwal as 'Mr Corrupt', demands his resignation

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