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North Korea accuses Central Intelligence Agency of plot to kill leader Kim Jong

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The CIA told its agent Kim it had access to radioactive and "nano poisonous" substances whose lethal results would appear only after six to 12 months, the statement said . The Trump administration has been aggressively pressing Beijing to rein in its ally and neighbor North Korea, warning that all options are on the table if Pyongyang persists with its nuclear and missile development. Read More »

USA growth rate hits three-year low at 0.7%

USA growth slid to its lowest level in three years in the first quarter, a disappointing start to Donald Trump's presidency on the eve of his first 100 days in office. "It has become more understood over the past few years, that's why people often discount first-quarter GDP". The GDP price index rose 2.3 percent in the first quarter. Read More »

The Somewhat Favorable Media Coverage Likely to Impact Apple (AAPL) Share Price

That practice has been a sore point for President Donald Trump and some members of U.S. Congress. For the record, Wall Street is looking for a slight rebound when Apple reports its fiscal second-quarter results Tuesday. The iPhone maker now has a roughly $256 billion cash hoard. Although it topped earnings estimate by $0.05 per share, revenues missed analyst consensus estimates by $190 million. Read More »

Canada PM: Trump was prepared to exit NAFTA before chat

Freeland said the Canadian leader reminded Trump about their "economic relationship", adding that the us sells almost twice as many products to Canada than it does China. On Tuesday, the Trump administration slapped tariffs on Canadian lumber for what it concluded is the country's "dumping" of softwood lumber in the USA markets at reduced prices that are unfair to American companies. Read More »

Writers Guild Strike Averted After Late Agreement

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The WGA can report to, "winning a definition (which has never before existed in our MBA) of 2.4 weeks of work for each episodic fee". That means it will be business as (mostly) usual on Tuesday, with scribes reporting to work and productions continuing without interruption. Read More »

US Fed leaves rates unchanged amid slower economic growth

The Federal Reserve said on Wednesday it believes the recent slowdown in U.S. growth is likely to prove temporary as it stayed on course for a further increase in short-term interest rates as soon as June. The Fed "appears to be firmly on a policy normalization track and is not reacting to every piece of high frequency economic data", Levy said. However, another rate hike could be around the corner. Read More »

Labor ad fail: Bill Shorten admits campaign needs more diversity

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The final image of the ad features Shorten with a group of 12 workers, nearly all of whom appear to be white. The campaign has received wide disapproval on social media and internally within Labor ranks. It has also emerged that the party's national executive had not approved the ad. "It's not the sort of ad I want my party to be promoting". "We have too many rorts in the visa system". Read More »

Dar, India's Jaitley share cold vibes at Yokohama

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The Indian minister sat in a position that his head was turned away from the Pakistani leader all through the one-hour debate and left immediately after a customary photo-op with panel members. Stressing on the importance of maintaining bilateral ties and reconciliation of India-Pakistan relations, Chinese Ambassador to India Luo Zhaohui said the collective development of India, China and Pakistan will promote regional stability, chalking out a friendly environment with a scope for further ... Read More »

Sinclair close to buying rival TV operator Tribune

The acquisition would mark the first major deal between broadcasters since the U.S. Federal Communications Commission voted to reverse a 2016 decision that limits the number of television stations some broadcasters can buy. Tribune Media shares closed Friday at $40.29. The impetus for a Sinclair-Tribune deal came earlier this year when the FCC eased confidentiality requirements for companies selling airwaves in an auction. Read More »

Energy shares lead world stock losses on volatile oil price

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Wall Street was poised to open lower. Oil prices stabilized in Asian trading Friday after hitting a five-month low while regional stock benchmarks headed lower in holiday-thinned trading. But what is known is that US crude inventories fell by a smaller than expected 930,000 barrels last week to 527.8 million barrels, but they are also 3 percent higher than a year ago. Read More »

Buffett says trust is key to Berkshire's success

Buffett said he reiterates to managers near and far that reputation is crucial via regular missives. Wells Fargo is one of the largest investments of Buffett's conglomerate, Berkshire Hathaway. In Friday trading, Berkshire Class A shares rose 0.2 percent to $250,000 and its Class B shares rose 0.1 percent to $166.55. Apple is much more of a consumer products business. Read More »

US Non-farm Payrolls Increase by 211000 in April

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While the labor force participation rate and long-term unemployment rate stayed flat, the number of workers employed part-time for economic reasons declined by 281,000 in April. The education sub-industry, which is part of the health care and social assistance sector added 4,000 jobs in April. WASHINGTON (AP) - Hiring in the United States rebounded in April as employers added a brisk 211,000 jobs, a sign that the economy's slump in the first three months of the year could prove temporary. Read More »

Australian rules football great Lou Richards dies at 94

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Richards died peacefully at a Melbourne nursing home this afternoon. Richards played 250 games for the Magpies from 1941-55 and captained the club to the 1953 premiership. Richards also ran the Phoenix Hotel on Flinders Street, which was frequented by many football and media personalities. He was made a Member of the Order of the British Empire in 1981, was inducted into the Sport Australia Hall of Fame in 2008. Read More »

Oil Pinned Near Five-Month Low As Global Oversupply Weighs

After losing 4.8% on Thursday, prices traded roughly 6% lower for the week, according to FactSet data. Prices fell to their lowest levels since November this week as concerns grew that Opec's planned supply cut will not be enough to overpower a resurgent U.S. Read More »

Fed Signal Keeps Dollar Strong

Any number above 50 indicates growth and April's figure marked the sharpest increase in business activity since December past year and the ninth consecutive month of expansion for the sector. Treasurys are under pressure after the Federal Reserve held its key rate in a range between 0.75% and 1.00%. Voting for the FOMC monetary policy action were: Janet L. Read More »

Ottawa-Gatineau unemployment rate rises slightly in April to 5.3%

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The U.S. job market saw a strong rebound in April, driving the unemployment rate to the lowest level in a decade. Among some of the key unemployment rates, adult male unemployment fell sharply from 4.3 to 4.0 percent, Hispanic unemployment was up to 5.2 from 5.1 percent, and the teenage unemployment rate - a volatile series - to rose by a full point to 14.7 percent. Read More »

Puerto Rico Seeks Court Protection To Restructure $70B Debt

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Constitution. But U.S. states and territories like Puerto Rico aren't eligible for bankruptcy protection under chapter 9. Puerto Rico's financial oversight board filed a debt restructuring petition in federal court Wednesday, the day after several creditors sued over bond defaults, reports Reuters . Read More »

State Department says aware of North Korean detention of American

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He had been working at Pyongyang Science and Technology University, it added. As North Korea continuously reports and tests developments of its nuclear program, the USA has recently taken steps to confront the Kim Jong-Un regime. With his detention, Kim Hak Song becomes the fourth American citizen to be held in custody by the North Korean government. Dr. Koh Yu Hwan, a professor of North Korean studies at Dongguk University in Seoul, said that taking hostages remained worth its while for ... Read More »

Buffett Says Trump's Tax Proposal Won't Change Berkshire

Warren Buffett, who long shunned investments in technology stocks and then made an ill-fated bet on IBM, said that mistake shouldn't discourage wagers on the broader industry. The billionaire also said Saturday that the lender should have acted when employees called internal hotlines to complain about colleagues' wrongdoing. Read More »

Akzo Nobel declines third takeover proposal from PPG

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Chief executive officer Ton Buchner said: "The PPG proposal undervalues AkzoNobel, contains significant risks and uncertainties, makes no substantive commitments to stakeholders and demonstrates a lack of cultural understanding". Akzo addressed less tangible "stakeholder" interests in more detail in its statement , saying said that PPG had not offered Akzo representatives sufficient representation on PPG's board to safeguard its interests after a potential acquisition. Read More »

North Korea detains another American citizen

The university said in a statement early Monday that Kim Hak Song was doing agricultural development work at an experimental farm. The KCNA said that related authorities are conducting detailed investigation into his alleged crimes. "I personally think when President Trump and Secretary of State Tillerson made the comments about being willing to negotiate, the focus indeed was and is on their nuclear and missile programs and the commitment that North Korea would have to comprehensive ... Read More »

Funny Star Wars Day Tweets from a Galaxy Far, Far Away

I'm not sure you need to go HAM buying all of them, but, if you have a particular favorite movie (or movies) from the Star Wars series, they're totally worth flopping out a buck for. This year's event in Taipei featured a duel with light sabers at the Living Mall, a shopping mall with a giant orb that resembles the film's Death Star space station, organizers said. Read More »

Puerto Rico Governor Announces $70 Billion Debt Restructuring Plan

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By comparison, the US city of Detroit had $9.3 billion of obligations when it filed for bankruptcy in 2013 in the biggest USA municipal bankruptcy ever. "I don't want Congress to try to superimpose on top of them and try to micromanage them". "The courts can not say, 'We're going to give you the Puerto Rico coliseum, or these properties from the Land Authority", he said. Read More »

US jobs report points to a healthy drop in underemployment

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Leisure and hospitality added 55,000 jobs, with employment in food services continuing to trend up. "It clearly hasn't been plain sailing for the Fed, but the U.S. It shows that so far the job market under Trump closely resembles the one Barack Obama presided over in 2016. That could become a challenge because the share of Americans working or seeking work has generally declined the past 15 years , in part reflecting aging of the US population. Read More »

Alanis Morissette's former manager sentenced to six

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After the hearing concluded, Schwartz was ordered to pay $8,657,268 in restitution, according to a federal judge´s sentence announced late Wednesday. "I lied repeatedly to the people who mattered most to me", Schwartz said. His deceit came to light in 2016 when Morissette sued Schwartz and GSO for $15m after discovering discrepancies that prompted the firm to launch an internal investigation. Read More »

China's Trade Expands In April But Short Of Expectations

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The smaller-than-expected rise in exports and imports underscores the challenges the global economic recovery faces. Overall, from January to April, the volume of bilateral trade grew by 26.2 percent to $24.7 billion, while Chinese exports to Russian Federation increased by 22 percent and imports from Russian Federation by 30.1 percent compared to the same period of the previous year. Read More »

After Ban, Turkish Airlines to Offer Laptops to VIP Travellers

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Bahetoukilae had no inkling anything was wrong until it was too late as United staff had scanned her boarding pass, which read "Newark to Charles de Gaulle", at the gate, her niece Diane Miantsoko said. Under-fire United Airlines has been forced to admit a "horrible failure" which saw a woman allowed to get on the wrong flight in a 28 hour ordeal. "She could have been a terrorist and killed people on that flight and they didn't know they didn't catch it", she said. Read More »

Buffett says AHCA is tax cut for the rich

The Brazilian buy-out firm is "very good at making a business productive with fewer people", the Berkshire Hathaway chairman said, arguing that "it is absolutely essential to America that we become more productive". Buffett told the meeting Berkshire could pay its first dividend since 1967, "reasonably soon, even while I'm around". The annual meeting was livestreamed by Yahoo for only the second time in history. Read More »

US jobs report shores up markets but oil weakens further

US rig count data from Baker Hughes (BHI) is scheduled to come out later in Friday's trading session. "It's a mistake now to just focus on USA production and assume that guarantees we'll have an ongoing abundance of supply". The market needs either a "supply shock or demand shock for the glut to evaporate, and so far we have not seen that", he said. "And that's something that's started a little bit, but it's pretty marginal". Read More »

Westpac's half-year profit hits $4 billion

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The group reported an after-tax profit of $3.9 billion, up 6% year-on-year and will pay an interim dividend of 94 cents per ordinary share fully franked. We've digitised more processes, which is improving service for customers while also bringing costs down. "Westpac's consistent focus on Australia and New Zealand over a long period means our high quality portfolio is strongly positioned". Read More »