Economy

Russian Federation vetoes United Nations statement on North Korea's missile tests

The statement, which was tabled by the USA, would also tell North Korea not to conduct further nuclear tests. The statement was adopted on Thursday after a one-day delay due to the need to reach consensus on the text. The exercise "serves as an invaluable opportunity for US and ROKAF forces to train together shoulder-to-shoulder and sharpen tactical skills vital to the defense and security of th... [Full Article...]

Global stocks mixed after UK announces snap election

Global stocks mixed after UK announces snap election Britain's top share index came under pressure once again on Wednesday, giving up the gains it had made in 2017 as sterling held close to a six-and-a-half-month high after Prime Minister Theresa May called for a snap general election. Since then we have been witnessing the highest values it has been this year - with the pound even pushing €1.20 to the euro . A resurgent pound has continued to we... [Full Article...]

Trump's visa changes could favor more skilled, higher wage workers

Since the H-IB visa category does not require the beneficiaries to be the most skilled or the highest paid workforce, it will take congressional intervention in the form of new legislation to change US immigration laws to carry out this request. [Full Article...]

California lawmaker rejects Justice Dept letter

California lawmaker rejects Justice Dept letter Friday's letters warn officials they must provide proof from an attorney that they are following the law or risk losing thousands of dollars in federal grant money that police agencies use to pay for anything from body cameras to bulletproof vests. [Full Article...]

Suspect in Fresno killings shouts out in first court hearing

Suspect in Fresno killings shouts out in first court hearing Police say he told them that learning he was wanted for the Williams killing spurred him to try to kill as many white people as possible before he was caught. Muhammad was set to be charged with murder on Thursday and could face the death penalty. He is expected to be charged with four counts of murder and arraigned Friday. [Full Article...]

OPEC members show higher compliance to bring down oil stocks

OPEC members show higher compliance to bring down oil stocks US crude prices were down more than 1 percent at $52.32 a barrel in post-settlement trade after the American Petroleum Institute released its weekly data , indicating that crude stockpiles declined less than analysts had forecast. Traders said that the gains came on the back of a reduction in commercial U.S. crude stocks, which fell by 1 million barrels last week to 532.34 million barrels, acc... [Full Article...]

Rockwell Collins, Inc. (COL) Set to Announce Earnings on Friday

TRADEMARK VIOLATION WARNING: "Rockwell Collins, Inc". ALLEN PATRICK E also sold $396,600 worth of Rockwell Collins, Inc. Hedge funds have recently added to or reduced their stakes in the stock. Rockwell Collins Inc. (COL ) has a mean recommendation of 2.1, according to data compiled by Zacks Investment Research. Today, Canaccord Genuity reiterated its Hold rating on Rockwell Collins (NYSE:... [Full Article...]

Man arrested, charged over Borussia Dortmund bus attack

The German-Russian suspect was arrested by a German federal anti-terrorist unit in the state of Baden-Wurttemberg on Friday morning and has been charged with attempted murder, causing a bomb explosion and aggravated battery, an official press release said. [Full Article...]

French candidate on EU: We change it or we leave

French candidate on EU: We change it or we leave The Champs-Elysees gunman had been detained in February for threatening police but then freed, two officials told The Associated Press on Friday. Paris - Candidates in the French presidential election have their final chance on Thursday to speak to the nation in a series of televised interviews, in which scandal-hit conservative Francois Fillon has perhaps the most to prove. [Full Article...]

Netflix's first-quarter subscriber additions misses estimates

Netflix's first-quarter subscriber additions misses estimates Subscriber rolls, the most closely watched measure of Netflix's growth, rose by just under 5 million globally in the first quarter, behind analysts' projection of 5.18 million, according to FactSet StreetAccount. Netflix's first quarter in 2017 wasn't particularly great. This means the streaming company is paying virtually no tax outside of the U.S., where it made a taxable profit of $606 mil... [Full Article...]

Jeremy Corbyn rules out holding second Brexit referendum

But, with the loss of traditional Labour seats and low poll ratings, some analysts predict the outcome of the upcoming election could deal a major blow to the party. "I am looking forward as all Lib Dems are to see how we preform nationally this time round", he said. Before members elected him in 2015, he was a fringe figure in Labour and doesn't have the headquarters staff's deep knowledge ... [Full Article...]

Opinion Polls Tighten Ahead Of French Presidential Election

Opinion Polls Tighten Ahead Of French Presidential Election President Francois Hollande hailed the "remarkable" arrests and the work of police. With Marine Le Pen and the National Front party-an anti-EU, anti-immigrant far-right group-trailing in second place in opinion polls , investors are likely to use gold as a risk management asset in case Le Pen or another Euroskeptic should emerge the victor on Sunday. [Full Article...]

Jobless aid applications fell to 234000 last week

Payroll processor ADP estimated that businesses added a booming 298,000 jobs. Community care facilities for the elderly also posted modest losses. "They were not going to go in May, and there are still going to be two more employment reports before the June meeting", said Mark Cabana, head of US short rates strategy at Bank of America Merrill Lynch in NY. [Full Article...]

Court finds more racial gerrymandering in Texas voting maps

Court finds more racial gerrymandering in Texas voting maps The latest 2-to-1 ruling by a federal panel in San Antonio found that Texas meant to weaken the influence of minorities by "wasting Latino votes". Once again, judges have ruled that Texas deliberately discriminated against minority voters - this time in drawing district lines for the state house of representatives. [Full Article...]

Trump prepared to be tough on trade

Nevertheless, Lagarde said Thursday she believes the Trump Administration could be an effective partner. White House economic adviser Gary Cohn said Thursday the United States was only seeking fair treatment. But he gave few details and shed no light on whether the plan would include a controversial border-tax component. Global economic growth could also be stymied by actions that could hurt... [Full Article...]

A Life Policy in Trust is possible solution to probate fees

A Life Policy in Trust is possible solution to probate fees The Ministry of Justice claims that there is not enough time for this legislation to make its way through Parliament before its dissolution in May. That issue remains unresolved and official spokespeople have so far declined to say if the scheme would be resurrected if the prime minister is re-elected with a significant majority, as seems to be broadly expected. [Full Article...]

Japan says Pacific Rim pact offers best trade deals

Japan says Pacific Rim pact offers best trade deals After the first round of talks in Tokyo on Tuesday, the two sides remained at loggerheads on how to frame the bilateral economic dialogue. Japan, out of consideration for the United States, refrained from taking a clear position on the proposal. [Full Article...]

Pound surge suggests UK election will yield smoother Brexit

Parliament will still sit for another fortnight, but party leaders wasted no time in hitting the campaign trail on Wednesday evening. Mr Heappey said he entered Parliament expecting a "normal week" and was "surprised" by Mrs May's announcement, but said she had made "the right decision". [Full Article...]

UK retail sales post biggest quarterly fall since 2010

Sales in March fell by 1.8% from the previous month, the Office for National Statistics said, significantly more than the 0.1% fall predicted by analysts polled by The Wall Street Journal. Receipts from the sale of building materials increased by 9 per cent year on year. "Overall, I suspect that the next year or two will see steady growth, above-target inflation, stronger exports, and a pickup... [Full Article...]

Schlumberger Limited. (SLB) Posts Quarterly Earnings Results, Hits Estimates

Schlumberger Limited. (SLB) Posts Quarterly Earnings Results, Hits Estimates The stock's market cap is $106.46 billion. Schlumberger Limited . has a one year low of $72.00 and a one year high of $87.84. With 6.63M avg volume, 3 days are for Schlumberger Limited (NYSE:SLB)'s short sellers to cover SLB's short positions. [Full Article...]


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