Economy

Pakistan flag hoisted at SCO HQs as permanent member

Pakistan flag hoisted at SCO HQs as permanent member Indian Ambassador to China Vijay Gokhale and his Pakistan counterpart Masood Khalid on Thursday attended a ceremony to formally admit their nations as new SCO members in Beijing , which hosts the group's headquarters. While Xi told Modi that he enjoyed watching the movie Dangal (a huge box office hit in China), Modi tweeted: "We spoke about India-China relations and how to further improve ties". [Full Article...]

Trump being investigated on possible obstruction of justice

Trump being investigated on possible obstruction of justice In an interview on CNN's " New Day", Ruddy said , "I think it is a consideration the President has had because Mueller is illegitimate as special counsel". The president sacked Comey in early May. The Post reported that the obstruction of justice investigation of the president began days after James Comey was sacked as the FBI Director on May 9. [Full Article...]

Yahoo eSports is winding down, a casualty of the Yahoo-AOL merger

Yahoo eSports is winding down, a casualty of the Yahoo-AOL merger The suits include complaints tied to computer hacking attacks that stole personal information from more than 1 billion Yahoo user accounts in 2013 and 2014 but weren't disclosed until past year. The completion of the acquisition marked the end of Yahoo as a stand-alone internet company, a tech pioneer once valued at more than $100 billion. [Full Article...]

Petrol, diesel prices daily revision evokes mixed response

Petrol, diesel prices daily revision evokes mixed response Mobile app: Indian Oil's mobile app, called "Fuel@ IOC - IndianOil", enables customers to check current prices. In order to facilitate a smooth transition to dynamic pricing , the Indian Oil Corporation has set up 87 control rooms across the country to address concerns of its dealers. [Full Article...]

London tower block fire toll rises to 17, more feared dead

The number of people who are unaccounted for is still unknown as some may have got out by themselves or gone into other flats. The tower, a social housing block built in 1974 in North Kensington, an area of west London , contained 120 flats and was thought to have been home to about 600 people . [Full Article...]

Oil Slides, Hits 6-Month Low On Rising Global Production

Oil Slides, Hits 6-Month Low On Rising Global Production The International Energy Agency says it expects oil supplies next year to outpace demand, despite consumption hitting 100-million barrels per day for the first time. "This suggests that production cuts by 11 Opec members, who have committed to the reductions, are increasingly coming at the expense of market share". [Full Article...]

Trump has 'no intention' of firing special counsel Mueller: White House

Trump has 'no intention' of firing special counsel Mueller: White House President Donald Trump has "no intention" of firing special counsel Robert Mueller , a White House spokeswoman told reporters on Tuesday. The White House finally said Tuesday evening that Trump has "no intention" of firing Mueller, amid speculation and concern that he was weighing that option. [Full Article...]

Floyd Mayweather and Conor McGregor confirm Las Vegas 'superfight'

He keeps himself well, don't get me wrong, but Floyd Mayweather won't hurt or won't damage Conor McGregor . Mayweather (49-0 boxing, 26 KOs) has not fought since 2015 when he defeated Andre Berto , while McGregor (21-3 UFC , 18 KOs) won the UFC lightweight championship with a second-round knockout of Eddie Alvarez in November 2016 . [Full Article...]

'Oil price may hit $51 per barrel'

OPEC's crude oil production target will remain at 32.5 million barrels per day through the end of the first quarter of 2018, the EIA said. It predicts that output will grow even faster next year, by 1.5 million barrels daily, "which is slightly more than the expected increase in global demand". [Full Article...]

Kimco Realty Corporation (NYSE:KIM) Under Analyst Spotlight

Kimco Realty Corp now has $8.12B valuation. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year's $0.86 per share. Tightening the gaze, stock performance for the last 5 trading days is 3.07%. The company has its outstanding shares of 425.64 million. The Ohio-based Gateway Invest Advisers has invested 0.01% in SL Green Realty Corp (NYSE:SLG). [Full Article...]

Wholesale inflation in May cools to 5-month low of 2.17%

Wholesale inflation in May cools to 5-month low of 2.17% The reading was 2.10 per cent in December 2016. Government data showed that prices of food articles shrank by 2.27 per cent in May on an yearly basis. It added, "The improved monsoon outlook and the upward revision in advance estimates of crop output would dampen inflation rates although the seasonal rise in price perishables, decline in reservoir levels and revision in minimum support price... [Full Article...]

President Trump to announce plans on privatization of air traffic control

President Trump to announce plans on privatization of air traffic control President Trump said his plan to reform the country's air traffic control system will save money, but a study released past year predicts a 20 to 29 percent increase in operational costs over the next decade if the system is privatized. Administration officials emphasized that the privatized air traffic control system would be managed by a self-financing, non-profit entity, with user fees provi... [Full Article...]

House back in session as lawmakers offer prayers for wounded

Wounded Rep. Steve Scalise "is in some trouble" a day after he was shot by a Bernie Sanders supporter , President Trump said from the White House on Thursday. "He's going to be OK". Capitol police officers were also seriously injured along with a current and former congressional aide. Democratic Rep. Gabby Giffords of Arizona was hit in the head and grievously injured while meeting with const... [Full Article...]

Tesco says rising sales fuelled by drive to keep prices low

Tesco says rising sales fuelled by drive to keep prices low Tesco reported a 2.3% rise in United Kingdom like-for-like sales for the 13 weeks to 27 May - the latest sign of the turnaround under Mr Lewis after he became boss in 2014. "This is a good start to the year, with our sixth consecutive quarter of positive like-for-like sales growth across the group", he added. Despite the "tough" market the UK's largest retailer has reported the sixth consecut... [Full Article...]

Putin says Western sanctions made Russian Federation stronger and comments on Comey leak

Putin compared Comey to Edward Snowden , the former NSA contractor who leaked government secrets to the media . "This sounds odd when a secret service chief records his conversation with the commander-in-chief to hand the record to the media ", Putin said . [Full Article...]

Peel Hunt Reaffirms Add Rating for Cineworld Group plc (CINE)

Glencore PLC (LON:GLEN) has 0.00% since June 15, 2016 and is. It has underperformed by 12.44% the S&P500. Verity & Verity Llc increased International Business Machs (IBM) stake by 4.51% reported in 2016Q4 SEC filing. Therefore 39% are positive. Synthomer had 108 analyst reports since August 11, 2015 according to SRatingsIntel. The legal version of this report can be read at https://transcriptdai... [Full Article...]

Global shares fall on Fed rate hike, plunge in oil prices

The pan-European STOXX 600 index dropped 0.5 percent, led lower by the basic resources and oil and gas sectors, as the stronger dollar weighed on metals prices. A growing number of its policy makers seem to be anxious about a spike in inflation that is eating into the living standards of the British. Meanwhile, Washington remained in focus as the special counsel investigating Russia's interfer... [Full Article...]

Nestlé to explore strategic options for its candy business

Nestlé to explore strategic options for its candy business Nestle said that it would continue its USA investments in pet care, bottled water, frozen meals, infant food and ice cream. "Nestle will continue to invest and grow in the US, where it has leadership positions across a large number of categories such as pet care, bottled water, frozen meals, infant food and ice cream". [Full Article...]

Trump tweets support for banking bill

Dodd-Frank, which passed in 2010 with nearly no Republican support, "included a prohibition on federally insured banks from engaging in risky trading, a new liquidation authority to safely shut down teetering financial giants to avoid future bailouts and the creation of the independent Consumer Financial Protection Bureau to oversee credit cards, mortgages and other financial products", accor... [Full Article...]

Greece gets enough to avoid another bailout trauma

Greece will receive EUR8.5 billion of new bailout money necessary for the country to avoid insolvency due to old debts due in July after an agreement among Eurogroup finance ministers was reached on Thursday. The agreement foresees a possible mechanism through which debt relief could be increased or decreased based on the performance of the Greek economy. [Full Article...]


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