Economy

Banks confront Morrison on levy details

Westpac chief executive Brian Hartzer said the levy was a "stealth tax" that would reduce the global competitiveness of the sector, while flagging a possible increase in interest rates for borrowers, job cuts, or a reduction in returns to shareholders. [Full Article...]

Vodacom Agrees to Buy $2.6 Billion Safaricom Stake From Vodafone

Vodacom Agrees to Buy $2.6 Billion Safaricom Stake From Vodafone 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. [Full Article...]

Oil takes heart from decline in U.S. stocks

Supply from the 11 OPEC members with production targets under the accord - all except Libya and Nigeria - fell to 29.674 million bpd last month, according to figures from secondary sources that OPEC uses to monitor output. The 2016 summer average was $2.23 per gallon. Norwegian consultancy Rystad Energy said that "U.S. oil production has gained significant momentum" and that there was "limited d... [Full Article...]

New South Korean president talks to China, Japan leaders

New South Korean president talks to China, Japan leaders Mr Moon will take office at a time of heightened tensions with North Korea. He was a top aide to former liberal President Roh Moo-hyun. In his inauguration speech, Moon promised political reforms to put checks and balances on the power of the presidency. [Full Article...]

Vista Outdoor Inc.'s (VSTO)

Vista Outdoor Inc.'s (VSTO) The overall volume in the last trading session was 1.21 Million shares. "We recognize that we fell short in the fourth quarter and the full year", said CEO Mark DeYoung on a conference call. The business had revenue of $578.80 million for the quarter, compared to analysts' expectations of $565.19 million. If you are accessing this report on another publication, it was illegally copied and repu... [Full Article...]

Trump adds trips to Saudi Arabia, Israel, Vatican before North Atlantic Treaty Organisation, G7 summits

Trump adds trips to Saudi Arabia, Israel, Vatican before North Atlantic Treaty Organisation, G7 summits But he also notes that "the tension between the White House and the Vatican is not personal, it is about issues". The stops will come before Trump attends a North Atlantic Treaty Organisation meeting in Brussels on May 25 and a G7 meeting in Italy on May 26. [Full Article...]

Jefferies Group LLC Boosts Dcc Plc (DCC) Price Target to GBX 8500

The stock increased 14.29% or $0.0001 on May 11, reaching $0.0008. About 1.52 million shares traded. It is down 32.59% since October 4, 2016 and is uptrending. Therefore 65% are positive. BTIG Research maintained ABIOMED, Inc. The stock of ABIOMED, Inc. Zacks upgraded Xencor Inc (NASDAQ:XNCR) on Friday, September 4 to "Hold" rating. [Full Article...]

Russia: No US Coalition Jets Allowed in Syrian De-escalation Zones

Both parties also have a consistent history of violating almost all ceasefire's they've been party too throughout the civil war. During an interview with the Mir television channel, Russian Foreign minister said that the USA itself has proposed to stop violence in Syria . [Full Article...]

India skips China's OBOR summit in Beijing

He said peace and stability is imperative for the progress and prosperity of the world. Indian foreign ministry spokesman Gopal Baglay said India supported greater connectivity across the region and listed the initiatives it was involved in, including highway projects and the North-South corridor in Central Asia, but he said these had to be developed in a transparent manner. [Full Article...]

Israel lashes out over "systematic harassment" at UN

UNESCO's Executive Board on Tuesday - Israel's Independence Day - passed the resolution with 22 countries in favor, 23 abstentions, 10 opposed, and the representatives of three countries absent. The statement referenced negotiations held by the EU with the Palestinians and Jordanians to water down the text, and said that Sweden was willing to make concessions to other EU partners in order to rea... [Full Article...]

Microsoft to Rival Chromebooks Soon - Hardware Changes Coming

Although users are yet to experience the actual battery performance of the all-new device, Microsoft has assured that its flagship laptop is specifically created to outlast any version of MacBook available in the market today. It also has 128 GB of SSD storage. There's full support for peripherals and devices like you'd get on a proper Windows 10 machine so it's not like users will be left... [Full Article...]

Hundreds spend more on Mother's Day this year

In 1905, Anna Jarvis campaigned to make Mother's Day official holiday in the America. God bless all mothers and grandmothers everywhere. She clearly wants some sleep on Mother's Day . Visit the gallery check the images over there and click on the image to download to your system. Also, visitors need to register with us to download the images. [Full Article...]

Mnuchin's G-7 partners struggle to engage odd man out on trade

BARI , Italy (AP) — Finance ministers from seven rich countries were wrapping up work Saturday on efforts to make growth more inclusive and to fight tax evasion and illicit money flows. "We don't want to be protectionist but we reserve our right to be protectionist to the extent that we believe trade is not free and fair". The United States has been told by all the other Group of Seven economi... [Full Article...]

Britain says it's a natural partner for China's new Silk Road

At the opening ceremony, Xi promised to provide $8.70 billion in aid to countries and worldwide organizations that participate in the Silk Road plan. Over the next two days, world leaders will immerse themselves in the early fruits of the initiative: over 40 countries and worldwide organizations have signed agreements with China on Belt and Road cooperation; total trade between China and other... [Full Article...]

Moon urges both talks and sanctions to rein in N Korea

Moon urges both talks and sanctions to rein in N Korea China has rigorously objected to the deployment of the U.S. missile defense system in South Korea, saying it destabilized regional security and did little to curb any threat from North Korea's nuclear and missile programs, which are in defiance of USA pressure and United Nations sanctions. [Full Article...]

China Trade Deal Serves Up Potential Corporate Winners

China Trade Deal Serves Up Potential Corporate Winners The President hailed the agreement Friday, tweeting, " China just agreed that the USA will be allowed to sell beef , and other major products, into China once again". In return, Washington said it would encourage exports of liquid natural gas to China and allow imports of cooked poultry meat from China . [Full Article...]

Coach Buying Kate Spade in $2.4 Billion Deal

That represents a 28% premium to Kate's closing price as of December 27, the last trading day before a Wall Street Journal report that Kate was exploring a sale of the company after coming under pressure from an activist shareholder. It also wants to tap into Kate Spade's popularity with younger shoppers, who are attracted to its brightly-coloured designs and animal-shaped handbags. [Full Article...]

Sinclair Broadcast to buy Tribune Media for about $3.9 billion

The acquisition of Tribune gives Sinclair TV stations strength in big media markets like New York, Chicago and Miami. With Tribune, Sinclair finally gets stations in the three biggest TV markets: KTLA-TV in Los Angeles, WPIX-TV in NY and WGN-TV in Chicago . [Full Article...]

TPG Consortium revises bid for Fairfax

TPG Consortium revises bid for Fairfax Looks a done deal now (as if it weren't already). Fairfax has said it is considering the TPG proposal - which is subject to a shareholder vote and foreign investment approvals - but is also continuing to progress preparations for the planned separation of Domain. [Full Article...]

Saudi Arabia hopes to extend oil cuts to end-2017 or longer

Saudi Arabia hopes to extend oil cuts to end-2017 or longer In an overnight trade, crude futures also climbed sharply during the session on Wednesday as investors were enthusiast with the latest report from the Energy Information Administration (EIA), which revealed US crude inventories declined more than expected. [Full Article...]


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