Sunday, 25 June 2017
Latest news
Home » Economy

Economy

Owned Qatar Airways seeks 10 pct stake in American

Qatar Airways , with which American has been at odds for sometime, said it is planning to buy an initial stake of 4.75% - the most it can own without the prior approval of American's board. " Qatar Airways sees a strong investment opportunity in American Airlines ", the company said in a statement. Managing director at aviation consultancy firm Aerotask, Rob Watts, said Qatar's investment in American could serve to help block increased coordination between American and other Gulf carriers. Read More »

Coca-Cola Company (The) (NYSE:KO)

perth_map

Suntrust Banks Inc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $190.92 billion market cap company. The stock declined 0.75% or $0.34 reaching $45.27 per share. Lederer & Assocs Investment Counsel Ca holds 0.99% or 24,000 shares in its portfolio. Finally, Morgan Stanley set a $45.00 target price on shares of Coca-Cola Company (The ) and gave the stock a "neutral" rating in a research note on Monday, May 29th. Read More »

Tim Cook Discusses 'Economic Opportunity' with Trump Administration

The ATC was designed by Trump to help cut government waste. CEOs from firms such as Adobe, Akamai, Alphabet, Amazon, Apple, Intel, Microsoft, Oracle, Palantir, and Qualcomm were in attendance, along with investors such as Peter Thiel, who was one of the few Silicon Valley execs to show support for Trump during his presidential campaign. Read More »

America's biggest banks pass post-crisis stress tests

perth_map

The two-part test revealed that the biggest U.S. lenders would be hit by $383bn in loan losses in a hypothetical scenario in which the United States employment rate rose to 10 per cent. Those banks represent about 75 percent of all US assets. All the banks can now amend their plans on dividend payments and stock buybacks to win Fed approval before it announces its decisions on those issues next Wednesday. Read More »

Amazon stumps up nearly $US14B for Whole Foods Market

perth_map

In the US "this adds 440 refrigerated warehouses within 10 miles of probably 80% of the population", said Michael Pachter, an analyst for Wedbush Securities. Hartmann said he expects the online retailer to introduce some efficiencies to Whole Foods' operation. But its stance could attract rival grocers to partner with Instacart in a broader bid to resist Whole Foods' new corporate resources. Read More »

Oil futures climb 1 percent after USA stockpile draw

Even though the Organization of the Petroleum Exporting Countries and major non-cartel heavyweights such as Russian Federation last week extended the ongoing production cuts, it remains to be seen if such caps can effectively chip away the glut of oil that has haunted prices for more than two years. Read More »

Tom Cruise convinced Courtney B. Vance to star in The Mummy

Their latest expedition uncovers a tomb underneath a small, remote town. Dr. Henry Jekyll ( Russell Crowe ), for example, is supposed to be a central figure of the movie - someone wise and authoritative, with a somewhat-unhinged dark side - but his presence is weirdly artificial and entirely uncalled for. Read More »

North Korea: US leaving Paris agreement 'selfish,' 'silly'

The Paris Agreement , signed by 195 nations in December 2015, set the global goal to keep the planet from warming by more than 1.5 degrees Celsius above pre-industrial levels, a threshold that scientists say could keep the planet from launching into irreversible consequences like unpredictable super storms and crippling heat waves. Read More »

Student stuck on NY subway gets improvised graduation

perth_map

Jerich Marco Alcantara (in purple) was left stranded on an E train for nearly two-and-a-half hours as he was on his way to his college graduation. Alcantara, in his graduation robes, made an announcement to the auto, thanking his fellow passengers for joining him for his graduation ceremony . Read More »

OPEC meets to extend oil cuts for up to one year

Non-OPEC producers, including Russian Federation, the world's largest oil producers, were to meet with OPEC to decide on their own output levels on Thursday, potentially amplifying the effect on the market. Opec and major non-Opec nations put in place production cuts at the start of this year in a bid to stabilise oil prices . When the oil price was at its nadir, scores of U.S. Read More »

How to Watch NBA Finals Golden State vs

Often times in sports, we say that certain players or teams played in the wrong era. Thompson then pushed the ball ahead to Durant who with two dribbles waltzed into the lane for wide-open dunk after JR Smith decided that leaving Curry unattended for a wing three would be a bad decision. Read More »

European Union leader urges Trump not to ditch Paris climate deal

Rising sea levels, more powerful storms, disruptions to agriculture and spread of tropical diseases are all expected consequences of increased global temperatures. The EU's climate commissioner, Miguel Arias Cañete, told the Guardian: "The EU and China are joining forces to forge ahead on the implementation of the Paris agreement and accelerate the global transition to clean energy". Read More »

Uber fires self-driving vehicle chief accused of stealing Google's tech

perth_map

In May, a district judge dealt a further blow to Uber when he referred the trade secrets case to the US attorney's office for criminal investigation. Uber said his refusal to hand over those documents - a key piece of evidence in the lawsuit between Uber and Google's parent company - violated the terms of his employment. Read More »

Parched Cape Town imposes water restrictions due to drought

perth_map

In this photo taken Sunday, April 16, 2017, the Theewaterskloof Dam, a key source of water supply to Cape Town, South Africa, is shown at low levels. Western Cape Premier Helen Zille says the goal of declaring a disaster zone is not to frighten residents, but to allow the province to shortcut the process of reprioritising the budget. Read More »

Troops pull out of Brazil capital; president under pressure

perth_map

A count released by the authorities listed 49 injured people and seven detained in the protests. In it, Temer is heard authorizing Bautista to pay millions in hush money to a convicted former politician who was aware of the prevalence of bribery and corruption in the highest levels of Brazilian government. Read More »

China ready to boost financial cooperation with Belt and Road participants

perth_map

On the eve of the One Belt One Road (OBOR) forum, India issued a statement saying it can not "accept a project that ignores its core concerns on sovereignty and territorial integrity". "Today any signals that would give hope for stability are in demand". The port is now under the management of Chinese Overseas Port Holdings Ltd. Britain, France and Germany were represented by finance or trade officials. Read More »

Supreme Court Strikes down N. Carolina's Racial Gerrymander

Even as the justices debated the North Carolina and Virginia maps in December, another case from Wisconsin was moving their way that could give them a chance to rule on partisan , rather than racial, gerrymandering. Justice Gorsuch was not involved in this case. This is a standard practice of gerrymandering that confines the influence of minorities to designated "minority majority" districts and decreases their impact in whiter, more Republican areas. Read More »

PM Modi on a two-day Gujarat visit from Monday

perth_map

Please Wait while comments are loading. The Chief Minister of Gujarat, Shri Vijay Rupani, the Deputy Chief Minister of Gujarat, Shri Nitinbhai Patel and other dignitaries are also seen. "The fiscal deficit, balance of payments deficit and inflation have all come down while the GDP growth rate, foreign exchange reserves and public capital investments have increased", Modi said while inaugurating the 52nd annual meeting of the African Development Bank here. Read More »

Can Nick Martinez Help Win 10th Straight Game?

By the sixth it was clear the rising pitch count was starting to wear on him, with a home run to Jonathan Lucroy and a hit-by-pitch to Rougned Odor. After Bartolo Colon allowed two runs, one earned, in 4 1-3 innings, five relievers combined for 4 2-3 hitless innings. "Adrian had a really nice day", manager Jeff Banister said. Read More »

SBI Q4 net doubles to Rs 2815cr

perth_map

The bank's provisions for bad loans and contingencies increased to Rs 6,209.58 crore during the March quarter from Rs 4,450.15 crore a year earlier. State Bank of India (SBI), the nation's top lender by assets, reported a more than doubling of its fourth-quarter net profit as expected, while its bad loan ratio narrowed on a quarter-on-quarter basis. Read More »

Besieged White House denies, defends as new bombshells hit

Rep. Justin Amash (R-Mich.) said Wednesday that if Trump did indeed ask former FBI Director James Comey to drop the bureau's investigation into former National Security Adviser Michael Flynn, then that would constitute grounds for impeachment, according tothe Hill's Cristina Marcos . Read More »

BHP Billiton CEO meets with shareholder Elliott

perth_map

Perhaps the greatest effort by Elliott Management has been wanting for BHP to spin off or unload its US oil and gas assets and to increase its returns to shareholders. "It nearly forces BHP to directly address them on this". "We will review the materials in full and formally respond as appropriate", BHP said in a statement, adding that chief executive Andrew Mackenzie will update shareholders on its plans to significantly grow long term shareholder value. Read More »

In America's largest oilfield, whir of activity confounds OPEC

perth_map

US crude stockpiles likely rose by 882,000 barrels in the week ended May 12, according to industry group American Petroleum Institute. Forecasters had expected another draw in U.S. "If you do get prices in the mid-to-upper US$50s all that's going to do is encourage a lot of production in the U.S.", said Nauman Barakat, head of the energy desk at ADM Investor Services in NY. Read More »

US VP Pence warns North Korea: 'The sword stands ready'

perth_map

The Russian diplomat also took a hard line on the previous US administration's North Korea policies. US Vice-President Mike Pence , who has been visiting the region, warned the North not to test Washington and said the US "era of strategic patience" with Pyongyang was over. Read More »

Coroner: Teen had healthy heart before caffeine

The autopsy showed no "unfounded" or "undiagnosed heart condition", said Watts, who was careful not to call Davis' death a caffeine overdose. The coroner reports the teen drank a large caffeinated soda, a latte, and an energy drink in the two hours before his death. Read More »

Tesla starts selling solar roof

perth_map

And in a move that echoes its insurance offerings for some Tesla vehicles, the company says Solar Roof comes with an impressive warranty. Thus they enable homeowners to harness energy from the sun all day without having to install any additional panels. Read More »