Markets

Germany, France pledge new effort to strengthen eurozone

Germany, France pledge new effort to strengthen eurozone

French Finance Minister Bruno Le Maire said the working group would look at issues such as promoting fiscal convergence, coordinating economic policy and exploring investment projects aimed at boosting growth and lowering unemployment. "France will respect its European commitment to reduce deficits and we are not doing it to please the European Commission". "Not only our compatriots in France and Germany but also others in the eurozone are expecting concrete proposals and concrete ... Read More

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Gov. Branstad Leaves Iowa With New Voter ID, Anti-Union Laws

Gov. Branstad Leaves Iowa With New Voter ID, Anti-Union Laws

Branstad, 70, says he intends to use his decades-long relationship with Chinese President Xi Jinping (shee jihn-peeng) to advance US and global interests. I'm pleased that the Senate is finally considering the nomination of Governor Branstad to be Ambassador to China. After the Senate vote, Branstad thanked Trump and Vice President Pence for the nomination and the Senate for the confidence they have placed in him. Read More

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Saudi says extending oil cuts, adding small producers enough to drain stocks

Saudi says extending oil cuts, adding small producers enough to drain stocks

Opec and the Russia-led group of countries last year reached an agreement to remove about 1.8 million barrels per day (bpd) from the market in the first half of this year, leading initially to an oil price spike. Neither Saudi nor most of other Opec members can afford this scenario right now, BofAML said in the report. The two ministers said they had made a decision to recommend to their OPEC and non-OPEC peers that the 1.8 million barrels per day of combined production cuts in force since ... Read More

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Westpac says bank levy will cost $260m

Westpac says bank levy will cost $260m

Westpac expects to take a $260 million annual cost hit as a result of the government's bank levy, the lender told investors on Monday. "Foreign banks were first encouraged into the Australian market, for very good reasons, by Paul Keating in order to ensure that we had increased competition in the banking system". Read More

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Kenya: Shujaa Close Season With 5 Points in London

Kenya: Shujaa Close Season With 5 Points in London

The Red Roses got off to a flying start through prolific try scorer Dan Norton , but failed to add to that early score after some resilient defence from their neighbours from north of the border. With NZ on the brink of a semi-final spot at Twickenham , an assistant ref noticed something wasn't quite right with the number of Kiwi players on the field. Read More

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Phoenixville School Board eyes $90M budget, 1.89%t tax hike

Phoenixville School Board eyes $90M budget, 1.89%t tax hike

School Director Ken Wiltz said the personnel will need to be trained not to use what has been budgeted, but only what they need. The owner of a home assessed at the township average will pay $98 more in school taxes during the next year. The proposed property tax levy would be $7.1 million, up $106,993, or 1.53 percent from the 2016-17 budget, which is within the NY state property tax cap for the district. Read More

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Hackers are reportedly holding a Disney film for ransom

Disney apparently refuses to pay, and is working with the Federal Bureau of Investigation, according to Deadline . Disney was not immediately available for comment. They have threatened to release the entire title in five minute snippets and could follow through after Iger vowed Disney wasn't going to pay. " All these companies like Disney, Netflix and Discovery may have very good security teams but you have all these vendors and small production companies which don't have great ... Read More

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German economy sees strong expansion in first quarter

German economy sees strong expansion in first quarter

It represented an acceleration over the second half of a year ago, when the economy had added just 0.2 per cent between July and September and 0.4 per cent between October and December. Berlin/Paris - There was good economic news from Germany and France on Friday. High levels of employment, rising wages and low interest rates have all boosted consumer spending, while government spending has increased following the refugee influx of 2015-16, he said. Read More

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Hertz tanks 15% after missing big on earnings

Want the latest recommendations from Zacks Investment Research? (HTZ) is its Earnings per Share or EPS. The company's consensus rating on Reuter's scale slipped from 2.23 to 2 during a month. Suntrust Banks Inc. now owns 12,822 shares of the transportation company's stock valued at $224,000 after buying an additional 434 shares during the period. Read More

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Klitschko hints he will continue boxing career

Klitschko hints he will continue boxing career

Boxing has been struggling to find a new heavyweight champion who can captivate a worldwide audience for years. Mike Tyson says it is only a matter of time before Anthony Joshua starts trash-talking on camera. When you go into the trenches that's when you find out who you really are. Joshua's bespoke vehicle includes a number of special features just for the boxer, including door handles with unique boxing glove pattern surrounds, name-inscribed tread plates, a chrome B-pillar badge with ... Read More

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PM Modi is India's brand ambassador, not Patanjali's: Baba Ramdev

PM Modi is India's brand ambassador, not Patanjali's: Baba Ramdev

The group, which has built a consumer products business challenging Nestle, Unilever and Colgate, plans to go after restaurant chains such as McDonald's and KFC. We at Patanjali have broken that monopoly", he said, adding, "We are not a corporate house. We are not a corporate house. MP unit will focus on be products that will be exported to the United States, the United Kingdom, and Canada, besides neighboring countries like China. Read More

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Google to pay 306 mn in taxes (4)

Google to pay 306 mn in taxes (4)

Last year Italian tax police alleged that Google had not paid tax on about 1 billion euros of Italian revenue between 2009 and 2013. Tax officials said the settlement announced Thursday also launches a process to determine the tech company's proper taxation level in Italy going forward. Read More

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Trade deficit eases slightly in March; Korea gap widens

Trade deficit eases slightly in March; Korea gap widens

With imports and exports both falling, the Commerce Department released a report on Thursday showing that the US trade deficit was little changed in the month of March. Consumer goods exports also gained ground, climbing 6.8 per cent to $6.1 billion. Total exports fell 0.9 per cent for the month to US$191 billion, the biggest drop since October. Read More

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Philippines Says Trump Called Duterte to Affirm Alliance

Despite four of the ten members having serious issues with Beijing over the South China Sea, the statement released was, as an Indonesian senior diplomat bluntly put, "soft". "We know that we are playing with somebody who relishes letting go of his missiles and everything", he said. The summit - the first of two meetings this year among leaders of ASEAN, which includes Brunei, Indonesia, Malaysia, the Philippines, Thailand, Singapore, Vietnam, Cambodia, Laos and Myanmar - is being held under ... Read More

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AT&T sheds more lucrative wireless customers in 1Q

AT&T sheds more lucrative wireless customers in 1Q

Free cash flow totaled $3.2 billion for the quarter. AT&T achieved postpaid phone churn of 0.90 percent, while wireless postpaid churn was 1.12 percent. And our planned acquisitions of Fiber Tower and Straight Path will add valuable millimeter wave spectrum assets to our 5G tool kit as we lead the way to the next generation of wireless technology. Read More

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Chappell seizes one-shot lead at Valero Texas Open

Chappell seizes one-shot lead at Valero Texas Open

He hit his third shot into a water hazard and bogeyed the par-five hole to finish at nine under for the tournament. Chappell regained his form on the back nine by birdieing three of his last five holes to move into eight under. Chappell will be hoping for a solid start when the final round gets underway and the overnight leader spoke about his delight at being able to turn his performance on Saturday around. Read More

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SC permits NDMC to e-auction Taj Mansingh Hotel

SC permits NDMC to e-auction Taj Mansingh Hotel

Diversified conglomerate ITC is learnt to be evaluating options for making a bid for hotel Taj Mansingh following the Supreme Court's decision to allow New Delhi Municipal Council (NDMC) to e-auction the iconic property. IHCL had on November 8 previous year approached the apex court against the Delhi High Court's order that cleared the decks for auctioning of the iconic property. Read More

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EPA Administrator Scott Pruitt: 'War On Coal Is Done'

EPA Administrator Scott Pruitt: 'War On Coal Is Done'

Environmental Protection Agency (EPA) administrator Scott Pruitt on Wednesday said President Trump is keeping his promises on the EPA by shifting its focus to developing America's natural resources while protecting the environment. The order also took measures to further protect the coal industry, namely by instructing the Department of the Interior to lift a temporary ban on coal leasing on federal lands that the Obama administration put in place a year ago. Read More

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Lawyer: Dragged passenger lost 2 teeth and broke his nose

The minister's letter comes after a passenger named David Dao, 69, was dragged off an overbooked United flight in Chicago on Sunday after refusing to leave his seat to accommodate airline crew members. "We were completely horrified and shocked at what had happened to my father", she said. Demetrio said Dao had told him that being dragged down the plane aisle was more terrifying than his experience fleeing Vietnam in the 1970s. Read More

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