Thursday, 23 May 2019
Latest news
Home » Finance


Province pondering tax on non-resident real estate speculators

Vancouver's foreign buyer tax "did seem to pretty abruptly take some of the feeding frenzy out of the market", said Porter. Sales in Vancouver cooled a year ago in the wake of a tax on foreign buyers. "It will be a "made-in-Ontario" solution recognizing all of the work and information that we've obtained in the last number of months", he said. The levy aims to differentiate between buyers who are "living to move" or merely betting on the housing market, Trudeau said. Read More »

Pence announces $10 bn in deals on Indonesia trip


Speaking after the meeting, Pence said Indonesia and the USA shared common values "including freedom, the rule of law, human rights and religious diversity". After meeting with representatives of the Association of Southeast Asian Nations at the regional bloc's headquarters in Jakarta yesterday, Pence announced Trump would attend three summits in Asia in November, a further sign that his administration is seeking to reassure regional allies. Read More »

Russian Federation to reach record high oil output in 2017 amid cuts

A survey of sentiment from S&P Global Platts finds there may be a build in USA crude oil inventories of 125,000 barrels from last week, but a decline of 1.8 million barrels for gasoline. Demand for oil from OPEC is seen growing by 600,000 bpd from 2016, to 32.2 million barrels daily. "Even though gasoline prices this summer are expected to be 10% higher than past year, US highway travel and gasoline demand are expected to increase", according to the Energy Information Administration's ... Read More »

Oil prices flat in choppy trade, rising U.S. production weighs


Energy Information Administration (EIA). A surprise build in gasoline inventories despite heavier refining activity, along with an increase in USA crude production , largely pushed prices lower. It was the biggest decline since March 8 and the lowest close since April 3. WTI rose 4.6 per cent to $53.40 a barrel in the report week, and traded 0.9 percent lower at $52.73 as of 12:55 Hong Kong on Monday. Read More »

Trump takes first step towards H-1B visa reform

The order directs United States agencies to propose rules to prevent immigration fraud and abuse in the programme. Specifically targeted: The H-1B visa program, which allows 85,000 foreign workers into the United States each year to take specific high-skilled jobs with US companies. Read More »

Bill O'Reilly quits Fox News

The matter reached a crisis level this week because the law firm Paul Weiss is investigating a claim that O'Reilly reneged on offering a paid contributor's job to Wendy Walsh, a frequent guest on his program, after she spurned his advances at a dinner meeting in 2013. Read More »

Russian hacker faces decades in prison


Roman Seleznev was sentenced Friday in federal court in Seattle. "The court finds the timing of that letter does not meet this court's expectations". Federal prosecutors want the Russian man convicted of hacking into US businesses to steal credit card data to be sentenced to 30 years in prison and ordered to pay $170 million in restitution. Read More »

Venezuela Opposition Calls for Another Protest despite Deaths

The opposition attributed both deaths to groups known as "colectivos", armed government supporters who are frequently accused of involvement in confrontations during protests. Her face was covered in a white substance to protect herself from the noxious effects of what she expected would be another day of dodging tear gas canisters. Read More »

Vesuvius Plc (VSVS) Receives Hold Rating from HSBC Holdings plc

The brokerage now has an "equal weight" rating on the mining company's stock. The correct version of this report can be accessed at The Company's divisions are Meggitt Aircraft Braking Systems, Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG). Read More »

Census: Young women in US favor jobs outside the home


As the title suggests, the report is actually about the changing values and habits of young Americans over the years in general, not just the housing issue, and the accompanying tip sheet has some interesting highlights. Of those, 1 in 4 does not work or go to school. Here's the good news about young adults in the USA over the past four decades: More of them are working full time and year-round. Read More »

May's election pitch: 'Make me stronger' for Brexit talks

The election is the fourth major vote in four years, after last June's European Union referendum, the 2015 general election, and the 2014 Scottish independence vote. Corbyn said years of Conservative austerity had led to falling living standards and called May "a prime minister who can't be trusted". Philip Dunne, MP for Ludlow, said the logic of holding an early general election was "quite compelling". Read More »

Oil Slips as US Gasoline Stockpiles Climb, Crude Supplies Drop

Oil slumped to a two-week low on Wednesday, after USA data showed a smaller-than-expected drop in overall crude stocks and a surprising build in gasoline inventories, which raised worries about excessively high global supply. "The only negative number in the report is the gasoline build", Phil Flynn, senior market analyst at Price Futures Group in Chicago, said by telephone. Read More »

Canadian PM responds to Trump's criticism of dairy industry


In a week that saw both President Donald Trump and Sen. While the majority of Canadians (especially those in Quebec and Ontario) look for ways to calm their moral outrage over these recent statements made by Mr. "Because in Canada, some very unfair things have happened to our dairy farmers and others". Schumer said Trump reached out to him Thursday in a phone call to discuss how they could work together in the trade dispute. Read More »

President Trump's executive order on H-1B visas

First, the Order calls on all agencies to review their Buy American rules, including monitoring of enforcement and compliance as well as the use of waivers, and to develop and propose policies to maximize the use of US-made products in federal procurements. Read More »

Greece Surpasses Creditor Target With Strong Budget Surplus


Greek statistics office data showed that the country far exceeded its worldwide lenders' budget demands last year, posting its first overall budget surplus in 21 years even when debt repayments are included. There is a downside to the news, however, as the figures point to overtaxation imposed previous year combined with excessive containment of expenditure. Read More »

The election 'nightmare' that could smash the euro


Le Pen immediately invoked fears of "a war against us", and in response the French prime minister Bernard Cazeneuve accused the Front National candidate of "shamelessly exploiting fear and emotion for purely political ends", reported AFP . Read More »

RBI likely to increase interest rate: Nomura


A basis point is 0.01 percentage point. And the minutes of the meeting showed that "some members" were close to following. In the previous meeting, the panel had shifted the monetary policy stance from "accommodative" to "neutral". RBI governor Urjit Patel stressed the need to keep a close watch on the way inflation is progressing and highlighted its volatility. "Importantly, inflation excluding food and fuel has exhibited persistence and has been significantly above headline inflation ... Read More »

Paris Police Open Terrorism Probe After Deadly Shooting


Although the police have also confirmed the identity of the gunman, they are withholding his name to allow time to determine whether he had any accomplices, Paris Chief Prosecutor François Molins said at the crime scene. The whole of France is under a state of emergency after being confronted, since 2015, with a wave of unprecedented jihadist attacks. Mr Turnbull says regional security would be among the topics he would be discussing with U.S. Read More »

Taking a Look at the Data Behind Quest Diagnostics Incorporated (DGX)

FBR Capital maintained Quest Diagnostics Inc (NYSE:DGX) rating on Wednesday, April 12. The Blackrock Advisors Llc holds 4.41 million shares with $405.16M value, up from 3.70 million last quarter. TRADEMARK VIOLATION WARNING: This story was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another publication, it was stolen and republished in violation of U.S. Read More »

Newmont Mining Corporation Posted gains of 0.45% in the Last Trade

This represents a change from most recent open price of 1.31%. Equities analysts anticipate that Newmont Mining Corp will post $1.03 EPS for the current year. The ex-dividend date was Tuesday, March 7th. Gotham Asset Ltd Liability Corporation stated it has 0.12% in Newmont Mining Corp (NYSE:NEM). COPYRIGHT VIOLATION NOTICE: This piece was first posted by [[site]] and is the sole property of of [[site]]. Read More »

Investor Toolbox: A Look at ERP5 For Werner Enterprises, Inc. (NasdaqGS:WERN)

It has underperformed by 3.10% the S&P500.The move comes after 6 months positive chart setup for the $1.98B company. The formula uses ROIC and earnings yield ratios to help spot the undervalued quality stocks. For the quarter, shares are performing at -5.78%. (NASDAQ:WERN). Balyasny Asset Mgmt Ltd Liability Corporation holds 0.02% or 155,500 shares. The difference between Actual EPS and Estimated EPS was 0.04 Percent. Read More »

Iran foreign minister says U.S. must meet own obligations for nuclear deal


US Secretary of State Rex Tillerson has accused Iran of "alarming ongoing provocations" aimed at destabilizing the Middle East and undermining America's interests. The second problem is the secret side deals Obama made with Iran, and President Trump's campaign promise to reveal them to the American people. In the same notification, the administration said Iran is complying with the landmark nuclear deal negotiated by former President Obama , and the US has extended sanctions relief to ... Read More »

China criticizes North Korea, praises US on nuclear issue

US Vice President Mike Pence earlier vowed that the United States would counter any North Korean attack with an "overwhelming and effective" response. But no one was predicting what might come next. Pence on Monday had travelled to the tense zone dividing North and South Korea, where he warned North Korea's leaders that after years of testing the USA and South Korea with its nuclear ambitions, 'the era of strategic patience is over'. Read More »

Trump says he will release tax reform package next week

In addition to this executive order, Trump is also going to write up two memoranda that review parts of the Dodd-Frank Act, which was meant to reform Wall Street after the 2008 crisis. Mnuchin said the administration would not exercise that power unless required by law and only in consultation with the president, personally. The memorandum orders a report to be compiled within 180 days. Read More »

Missing Teen Found Across the Country With Teacher a Month After Disappearing

Their vehicle did not have license plates and he noticed that the young woman would not get out of the auto when the man got out. After more than a month-long Amber Alert search, the 15-year-old was rescued found almost 2,500 miles away from her Tennessee home in the remote area of upstate California? Friday morning the FBI issued a federal arrest warrant. Read More »

Oil prices remain level on OPEC's assurance to rebalance crude market


On Wednesday, crude prices tumbled more than 3.5 per cent as US government data showed domestic crude stocks fell less than expected in the latest week and gasoline stocks posted a surprising 1.5-million-barrel build. US West Texas Intermediate crude futures rose one cent to $52.66 a barrel, with their intraday low as $52.14, also the weakest since April 7. Kilduff also noted that USA daily production increased to 9.25 million barrels per day. Read More »

How a single Trump sentence enraged South Korea

A ranking US senator said the USA should launch a preemptive strike on North Korea if that's what it takes to stop Pyongyang from building a missile capable of hitting America, even though such military action would mean war. "Those who would challenge our resolve or readiness should know, we will defeat any attack and meet any use of conventional or nuclear weapons with an overwhelming and effective American response", Pence said. Read More »

Delta cancels flights for third day after storm hits Atlanta


The airline is apologizing and said it's trying to rebook customers. These problems were compounded by limited seating on other flights because of spring break. According to WXIA, long lines of frustrated passengers continued to wait for news of their flight on Saturday. Storms that blew through the eastern USA on Wednesday left a trail of disruption at Delta Air Lines that the carrier was still mopping up more than 72 hours later. Read More »

Bernie Sanders, DNC Chair Visit Deep-Red Kentucky

Republicans are deeply divided when it comes to trade policy, something that Trump prioritized greatly during his campaign. Tom Perez , the new chair of the DNC - and Sanders's partner on the so-called "unity tour" - was not welcomed kindly. Read More »

Button to stand-in for Alonso in Monaco

The only driver ever to have won the triple crown was the late Graham Hill, the British driver, who was active from the late 1950's to the mid-1970s and like Alonso, twice won the F1 drivers' title. He is also the last driver to win a race for McLaren , at the Brazilian Grand Prix in 2012, but can not hope for such success this time. I don't know when I'm going to race at Le Mans, but one day I intend to. Read More »