Thursday, 19 October 2017
Latest news
Home » Economy

Economy

Crown Resorts employees arrested in China

perth_map

The authorities have not made clear exactly what charges the resort employees have been arrested on, but the company suspects the charges are based around the solicitation of Chinese high-roller gamblers to overseas markets. The Australian newspaper reports that foreign casino operators like Crown circumvent the restriction by instead marketing the hotels, restaurants and other entertainment facilities attached to their casinos. Read More »

Australian company says 18 employees questioned in China

perth_map

Shares in Asian casino firms fell on Monday amid fears of a Chinese crackdown on foreign operators. AFR said three Australians were amongst those arrested in the raids. The reason is that a crackdown on Chinese VIP gamblers by the Chinese... It also comes amid broader of context of China's anti-corruption campaign and a desire to stem illicit capital outflows coursing through underground banks and casinos. Read More »

Trump's tax fixes are mostly helpful to Trump: Ruth Marcus

perth_map

Donald Trump used a tax provision that's been around since World War I to legally avoid paying taxes after a big loss in 1995, his campaign manager said Tuesday. How about every other type of tax that goes into that? The accountant's recollections call into question Mr Trump's claim, at that Monday rally, that he understands the federal tax code "better than nearly anyone". Read More »

TCS second quarter results set alarm bells ringing

perth_map

Satin Creditcare: Satin Creditcare Network has informed bourses that the meeting of Working Committee of the Board of Director of the company is scheduled to be held on October 18, 2016 (Tuesday) for the issuance of Non- Convertible Debentures up to the amount of Rs 68 crore. Read More »

(GE) Given a $31.00 Price Target by Stifel Nicolaus Analysts

perth_map

Analyst recommendation for this stock stands at 3.10. Shares of company began trading at $50.12 climbed to high of $50.62 touched the low of $49.37. According to Financial Times, The 16 analysts offering 12 month price targets for Lions Gate Entertainment Corp. Read More »

EU chief Donald Tusk promises tough talks on UK departure

Labour leader Jeremy Corbyn reminded the PM she previously warned leaving the single market posed risks to the United Kingdom, as he criticised Mrs May for pursuing a "shambolic Tory Brexit" to appease her backbenchers. Sterling traded close to a record low in trade-weighted terms on Thursday (Oct 13), kept under heavy pressure by worries that Britain will undergo a "hard Brexit " that will sever ties with Europe's single market. Read More »

Woman fell to death from 14th floor 'trying to escape Tinder date'

perth_map

Wright's screams pierced the courtroom, as she appeared to be begging for her life. Police photograph of Gable Tostee's 14th floor Surfers Paradise apartment. He continued, " If you try to pull anything I'll knock you out ". Defense lawyer Saul Holt said Wright had become increasingly erratic and aggressive toward Tostee after a night of drinking and intimacy. Read More »

AT&T considering permanently ending Galaxy Note 7 sales

A replacement Galaxy Note 7 caught fire on a Southwest Airlines plane , causing many to rethink whether or not Samsung had actually solved the problem. "Customers can bring their Galaxy Note7, along with accessories they purchased from T-Mobile, to a T-Mobile store and exchange it for a new CPSC-approved Note7 replacement or a full refund and choose from any device in T-Mobile's inventory". Read More »

Green Day coming to Green Bay

Rock band Green Day will play the 1STBANK Center in Broomfield on April 5, 2017 to support their new album Revolution Radio , which was released Friday. After a handful of USA shows to close out October, Green Day will head out on a European tour to open 2017. Presale tickets will be available to Idiot Nation members at 9 a.m. Read More »

Qatar Airways orders 100 Boeing planes for up to $18.6 bn

perth_map

Ray Conner, CEO of Boeing Commercial Airplanes, in the same interview, said Boeing continues to evaluate such a plane and talk with customers. The United Arab Emirates and Qatar together have a population the size of the USA state of OH, but "they have more widebodies on order than all the Chinese airlines and US airlines combined", Bastian said at an event in NY. Read More »

Bass Pro Shops Reels in Cabela's for $5.5B

While rumors circulated over the past few months about the merging of the iconic brands, the deal was only just announced today in a press release by both companies. In addition, Bass Pro will honor Cabela's rewards cards and credit cards. Guggenheim Securities was Cabela's banker for the transaction. Cabela's operates 85 stores - most of which are located in the western part of the country and in Canada - and employs about 19,000. Read More »

IL suspends business with Wells Fargo

Shares of Wells Fargo (WFC) were lower in mid-morning trading on Tuesday as its rating was cut to "underperform" from "market perform" at Raymond James earlier today, the Fly reports. A Wells Fargo spokeswoman could not immediately be reached for comment about Vitter's letter. San Francisco-based Wells Fargo , as part of a settlement with the Consumer Financial Protection Bureau , agreed on September 8 to pay $185 million in fines as punishment for its actions. Read More »

Israelis pay respects to Peres, Clinton arrives in Israel

perth_map

Peres died early Wednesday at the age of 93, two weeks after suffering a massive stroke. His casket, draped in a blue and white Israeli flag, will remain at the Knesset throughout Thursday for Israelis to pay their respects. The politicians laid wreaths beside the casket of the ex-president and Nobel Peace laureate as it laid in state outside the Knesset, Israel's parliament. Read More »

Trump's '95 returns may mean no federal taxes

The Democratic presidential nominee spoke at church services in Charlotte, North Carolina, which has been grappling with last month's shooting death of a black man by a police officer. Trump did not pay taxes", he said. The documents, verified by Trump's then-accountant Jack Mitnick, report a loss of $915,729,293 for that year. Christie said Trump's 1995 tax returns show "what an absolute mess the federal tax code is". Read More »

North Dakota asks pipeline company to explain ranch purchase

perth_map

Law enforcement has increased patrols and visibility in the county's southern stretches, deploying adding armored vehicles and non-lethal weapons. 21 protesters were arrested on Wednesday. "They're protecting mother earth", Turzi said. "Nothing can live in oil", says Winona Gasteau of the Cheyenne River Sioux. "It just increases the odds that things get done", he said. Read More »

Deutsche Bank won't pay $19b

perth_map

Deutsche Bank is among several major financial institutions accused by United States authorities of misleading investors about the values and quality of complex mortgage-backed securities sold before the 2008 financial crisis. Investors' fading confidence over the company's stock performance reflects rising concern over its ability to negotiate with DoJ, as the bank's legal reserve is significantly below the demanded settlement charge. Read More »

Dallas Cowboys (2-1) at San Francisco 49ers (1-2)

perth_map

Seattle said they didn't want to tip their hand to anything, were hoping he was going to be there in whatever round they got him, I don't know if they got him in two or three, but they never talked to him again. The 2014 All-Pro essentially went AWOL for two days, missing medical appointments and team meetings before finally showing up Wednesday and getting the MRI that revealed the injury. Read More »

Clinton Debate Seen by Record 80.9 Million TV Viewers

Mrs. Clinton said she'd leave it to the media and fact-checkers to sort through Mr. Trump's statements, but said voters should take note that only one candidate seemed ready for the bright spotlight of a presidential debate. According to Nielsen research cited in a CNN report , an average of 80.9 million viewers watched the debate across 12 of the channels carrying it live. Read More »

SABC appoints Motsoeneng as general executive for corporate affairs

perth_map

The chairman also praised Motsoeneng for his contribution to the broadcaster. "What processes were used to determine that Mr Motsoeneng is now fit to be an executive in the SABC and to be fit for that specific position?" On Monday‚ Parliament's Portfolio Committee on Communications said it will‚ in the next fortnight‚ meet with the board of the SABC over the SCA judgment on the invalid appointment of Motsoeneng. Read More »

Twitter could soon be a Mickey Mouse company, report claims

perth_map

Salesforce is reportedly working with Bank of America through the process of making a bid. TechCrunch has also independently confirmed Disney's interest in placing a bid for Twitter . their place in a post cord-cutting world". Twitter shares were up 2.23 percent at US$23.36 in after-market trading. "They are investing in technology for distribution - and this would give them the platform to reach audiences around the world". Read More »

Say hello to Snap Inc

Although Spiegel says the reason he created the Spectacles was just "for fun," he also admits that there could be "far-reaching implications if Snapchat can seize the means of image production". The first step will be Spectacles - video-sharing sunglasses the company will start selling for $130 this fall. Snapchat founder Evan Spiegel has spoken of the appeal of the device. Read More »

BBC actors and stars earning more than £150k to have salaries published

perth_map

He added : "The BBC operates in a competitive market and this will not make it easier for the BBC to retain the talent the public love". Talk show host Graham Norton, former Top Gear host Chris Evans, Strictly Come Dancing host Claudia Winkleman and former soccer star Gary Lineker are among the talent expected to see their pay band disclosed under the new approach. Read More »

Oil Flips to Gains on talk of Russian Cooperation

West Texas Intermediate (WTI) crude futures were down 44 cents at $42.86/bbl. The October contract expired yesterday at US$43.44 a barrel and the front-month has now rolled over to November delivery. "Also, we have very little risk premium in the market now for any severe outage among these producers". US gasoline futures settled up 2.5 percent at $1.3990 per gallon after data showed stocks of the motor fuel fell 3.2 million barrels nationwide, compared with analysts' expectations for a ... Read More »

Tesla Sues Over Michigan Sales Ban

perth_map

Under Chief Executive Officer Elon Musk, Tesla eschews the traditional franchise dealership model, saying that electric cars - as a new technology - are best sold to consumers directly from the manufacturer. Michigan's law banning direct sales is only two years old, put into effect in 2014 with the Republican governor's signature. Tesla Motors Inc (NASDAQ:TSLA) is suing the state of MI after it rejected the company's business model . Read More »

Man City thrashes Bournemouth 4-0 for 5th straight EPL win

perth_map

But possibly his moment of the match came in the 66th when he found space to thread a ideal angled through-ball to Ilkay Gundogan, who ran into the area to meet the pass with a first-time low finish that outfoxed goalkeeper Artur Boruc. Given a shooting opportunity from 25 yards, De Bruyne placed his free-kick low under the defensive wall and beyond an unsighted Artur Boruc into the bottom corner. Read More »

Ford fact checks Trump: We will be here forever

Ford plans to eventually shift all North American small-car production from the U.S.to Mexico, CEO Mark Fields told investors Tuesday, even though the company's production investments in Mexico have become a lightning rod for controversy in the presidential election. Read More »

Wells Fargo eliminating certain sales goals after settlement over aggressive tactics

On Tuesday, Wells Fargo said it will eliminate all sales product goals for retail banking employees as of January 1. Wells Fargo declined to comment on Wednesday. The bank's shares dropped more than 2 percent to $47.12 in morning trading Tuesday. Wells Fargo has always been known for its aggressive sales goals, but in an industry plagued with questionable action during the mortgage bubble and financial crisis, it was also regarded as a well-run, tightly managed firm. Read More »

Horizon Pharma to buy Raptor Pharmaceutical for $800 mn

perth_map

The overall goal of this transaction is to help Horizon expand their orphan business in Europe and other key global markets. Recently, investment analysts covering the stock have updated the mean rating to 2.2. Horizon Pharma is now covered by 12 Wall Street analysts. During the same quarter in the previous year, the company posted $0.39 EPS. Horizon Pharma had a negative net margin of 0.34% and a positive return on equity of 23.46%. Read More »