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China industrial production misses estimates in April

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China's retail sales, a key indicator of consumption, grew 10.7 percent year on year in April, 0.2 percentage points slower than the March level, official data showed Monday. The agricultural sector saw investment up by 19.1 percent, while investment in the service sector rose 12.1 percent. "The economy continued to stabilize and positive factors were increasing". Read More »

Putin hails Belt & Road Initiative, calling for Eurasia integration

In contrast, Xi said China's Belt and Road plan would be inclusive and open to all. After making its displeasure clear over Chinese flagship project "One Belt, One Road" (OBOR) citing that the project ignores core concerns on sovereignty and territorial integrity, New Delhi officially skipped the event honoring the project in Beijing. Read More »

Sprint, SoftBank Said to Be in Informal Talks for T-Mobile Merger

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It seems T-Mobile's successful spectrum bid at last month's FCC auction has prompted SoftBank's interest once again. The U.S. Federal Communications Commission had barred merger talks among telecommunications companies for more than a year as it conducted a $19.8 billion auction of airwaves from broadcasters for wireless use. Read More »

United flight attendant mistakenly posts cockpit security codes

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UNITED Airlines has been hit with a fresh drama after cockpit safety access information was potentially made public this morning. In addition to secured and fortified cockpit doors - two regulations put in place by the Federal Aviation Administration following 9/11 - ALPA advocates for "secondary barriers" made from wire mesh, to be installed between the cabin and the flight deck on all commercial flights. Read More »

Mariners RHP Weber leaves season debut with apparent injury

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After touching home plate, Pillar escaped his roughhousing teammates and bolted for the home dugout at Rogers Centre. "I didn't want it to rip completely". After an ugly 2-11 start, the Blue Jays have gone 13-10 since. "It's a feeling you can't describe". They got dressed mostly in silence with a few muttered and muffled comments, showing an urgency to get packed and get out of the city and the country. Read More »

Tunnel containing nuclear waste collapses in Washington

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Two years later, an explosion at the Hanford Site's Plutonium Finishing Plant blew out a quarter-inch-thick window and showered a worker with nitric acid and radioactive glass. Hanford, which sits almost 200 miles southeast of Seattle, was established by the Manhattan Project during World War II to make plutonium for nuclear weapons, including the atomic bomb that was dropped on Nagasaki, Japan, in 1945. Read More »

White House delays decision on Paris climate deal

A Tuesday White House meeting on the Paris agreement has been postponed to an as-yet-unspecified later date, the White House confirmed Monday evening. Both men have this week pressed Trump to stay on board. But those views have been tempered by Trump's daughter, Ivanka, who has insisted aides provide her father with the full picture of what a withdrawal could mean for United States, according to the people familiar with the talks. Read More »

MS native Ricky Stenhouse Jr. wins first NASCAR Cup race

Yet more importantly, certain drivers emerged as the competitors who had the fastest cars and who could work the draft the best over the course of the race. "It kinda stinks but it is what it is", said Joey Logano , whose auto was also involved in the carnage. Busch, Martin Truex Jr., Trevor Bayne, Logano, Paul Menard, Patrick, Ryan Blaney and Erik Jones rounded out the top 10. Read More »

Backed rebels say they wrested key Syrian city from ISIS

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She said both leaders affirmed their support for peace and stability in Iraq and Syria. Mattis met in London with Turkish Prime Minister Binali Yildirim on the sidelines of a security conference on Somalia a day after Turkish President Recep Tayyip Erdogan accused the usa of siding with terrorists by giving small arms, ammunition, mortars and shoulder-fired weapons to the Syrian-Kurdish YPG, or People's Protection Units. Read More »

Morrison warns big banks to absorb new tax

The Treasurer ran hard on the issue of bracket creep from the time he came to the portfolio, though the pressure to address it has been reduced until now because wages growth has been subdued. "Banks will also be held to account if they try and hide misconduct by executives with new mandatory reporting requirements". In a final whack at the sector, a permanent team will be established within the ACCC to investigate competition in the nation's banking and financial system, as recommended by ... Read More »

EIA Forecasts Rising Production, Moderating Pump Prices

Gasoline and distillate stocks also fell, supporting a market that has sold off in recent weeks due to persistently high US inventories. USA crude output has grown by over 10% since mid-2016 but didn't let oil prices to surge. Both investors and analysts are doubtful about the effects of the deal extension, with some suggesting it would have to be extended beyond the end of 2017 and others arguing that cuts won't do the trick because it is missing the point: USA producers are boosting their ... Read More »

DMK "demands" PM Modi to talk on fisherman issue in Sri Lanka

The Sri Dalada Maligawa temple or the Temple of the Sacred Tooth Relic is located in the royal palace complex of the former Kingdom of Kandy, which houses the relic of the tooth of the Buddha. India and Sri Lanka share civilisational links. In fact, India's business interests in Sri Lanka are being opposed vehemently by Rajapaksa backed politicians and trade unions. Read More »

Trump invites S. Korean president Moon to Washington

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Sure, people care about North Korea too, but you didn't hear too many demands for a revival of the Sunshine policy of Kim Dae-jung and his successor, Roh Moo-hyun, whom Moon served as chief of staff. It began unexpectedly last October, with the eruption of a corruption scandal involving then President Park Geun Hye, culminating in her impeachment and removal from office earlier this year. Read More »

Vista Outdoor (NYSE:VSTO) Issued With 'Hold' Rating At Cowen

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Over 12 months Vista Outdoor's share price has decreased from 48.28 to 21.91, a change of -54.62%. The firm is expected to issue its next earnings report before the market opens on Thursday, May 11th. If you are viewing this article on another domain, it was copied illegally and republished in violation of global trademark & copyright legislation. Vista Outdoor is expecting fiscal 2018 sales to range from $2.36 billion to $2.42 billion and EPS to range from $1.10 to $1.30. Read More »

Chinese vice premier urges improving connectivity in Belt and Road development

Phillip Hammond, the chancellor, said Britain was a natural partner for China's new $1 trillion Silk Road programme, as he seeks new opportunities for post-Brexit trade. He said deep-seated problems in global development had yet to be addressed effectively, with worldwide trade and investment sluggish, and economic globalization encountering headwinds. Read More »

Microsoft's new Surface is 'just' a laptop

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Yesterday, leaked images pointed towards Microsoft launching its answer to the Chromebook Pixel laptop series that's been revered by education-centered audiences. Microsoft says this ensures your device will stay "fast and secure day in and day out" since the company verifies all the apps in the Windows Store for security and performance. Read More »

Mother's Day - Why do we celebrate it every year?

In fact, protesting the commercialization of Mother's Day became her life's unlikely and futile work, ending with her death in a Philadelphia sanitarium in the late 1940s. There are lot many people around the globe who celebrate this day with huge sense of pride and ardent feeling. "I'm so lucky to have you as my mother ..." Who else can make a sick child feel better than a mother? Visit the gallery check the images over there and click on the image to download to your system. Read More »

Vows more cyber cooperation - draf

Mnuchin said preliminary discussions have begun with Canada and Mexico to renegotiate NAFTA, a topic that came up for discussion during his one-on-one meeting with Canadian Finance Minister Bill Morneau. "The global economy is facing a prolonged period of modest growth and high or rising inequalities in many countries, notably within countries with middle and lower income classes being particularly affected", the statement said. Read More »

Vodacom to buy 35% Safaricom stake from Vodafone

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Vodafone has shaken-up its African operations by transferring a €2.4bn (£2.0bn) stake in Kenyan firm Safaricom to Vodacom. "This is an exciting occasion for Vodacom and a unique opportunity to diversify our revenue growth and profitability". Read More »

China's Xi says Belt and Road needs to reject protectionism

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The two-day meeting that started on Sunday gives him a platform to promote his image as a global leader and an advocate of free trade in contrast to U.S. The Chinese leader is using the global gathering to promote his signature foreign policy project , the One Belt, One Road initiative. Chinese companies have set up 56 economic cooperation zones in over 20 countries, generating some 1.1 billion dollars of tax revenue and 180,000 local jobs. Read More »

Taylor homers late as Nats salvage split with Phillies

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Washington's Shawn Kelley, who came off the disabled list Friday, started the ninth and gave up a leadoff homer to Aaron Altherr (2-for-3) to make it 3-2. Hellickson was long gone by then, after yielding six hits - including two home runs - over his five frames. Joaquin Benoit (1-2) pitched a scoreless eighth for Philadelphia, and Hector Neris finished for his fourth save. Read More »

Coach bags NY rival Kate Spade for $2.4bn

Kate Spade shares rose 8.1% to $18.34 at 9:53 a.m. Here's what they had to say. While a premium to the December 27 share valuation, it's far lower than the $24-to-$26-a share some financiers had speculated for a deal. Kate Spade's handbags have been a hit with millennials due to their subtle logos and their quirky and colorful designs, including bags shaped like cats and cars. Read More »

US, China reach deals on access for beef, financial services

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The deal will also allow Chinese companies to buy USA liquified natural gas . In exchange, the USA would allow the sale of cooked Chinese poultry-a move Ross said could be done safely. Close watchers of the US-China relationship quickly raised questions about the deal, pointing out that most of Beijing's key promises had been made before or were in line with China's existing global commitments. Read More »

Sinclair To Boost Local TV Ownership With $3.9B Tribune Media Deal

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The acquisition of Tribune gives Sinclair TV stations in big media markets such as New York , Chicago and Miami, strengthening its hand in negotiations with pay-TV distributors and major broadcast networks. Reuters reported on Sunday that the companies were close to a deal. During the 2004 presidential race, Sinclair was forced to back down from plans to air a documentary critical of John Kerry's anti-war activities after shareholders challenged Sinclair's plans to air the film, ... Read More »

Oil Holds Gains as U.S. Crude Stockpiles Seen Extending Decline

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Crude prices surged back above $47 to settle higher, as investors' jitters concerning rising levels of USA oil output eased, after the EIA revealed a bullish inventories report. Brent crude futures LCOc1 , the worldwide benchmark for oil prices, were at $50.82 per barrel at 0120 GMT (08:20 p.m. ET) on Friday, up 5 cents from their last close. Read More »

Oil up on falling U.S. inventories

US light crude oil CLc1 was up 35 cents at $47.68. Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. Further, the EIA upgraded its crude oil estimate to an average of 9.3 million barrels per day (bpd) in 2017 and 10 million bpd in 2018. "The perception is that OPEC cuts are finally working", said Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt. Read More »

Oil rebounds on Saudi assurances Russian Federation will extend supply cuts

US data showed crude stocks fell 930,000 barrels in the week to April 28, while analysts had been expecting a drop of 2.3 million barrels. On the New York Mercantile Exchange crude futures for June delivery added 70 cents to settle at $46.22 a barrel, while on London's Intercontinental Exchange, Brent gained 81 cents to trade at $49.17 a barrel. Read More »

Russia Probe Is on Track — Acting FBI Chief

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Democrats have blasted Trump's decision to fire Comey, which came as he was investigating last year's election hacking and any potential ties between Trump campaign officials and Moscow. President Donald Trump is tweeting at comedienne Rosie O'Donnell as he defends his decision to fire FBI Director James Comey . The questions about Trump's motives are being fueled, increasingly, by his own words in interviews and on Twitter . Read More »

Facebook starts 'hurting' Snap, shares plummet

Out of the approximate $ 150 million revenue of Snapchat , only around $8 million came from Snap Inc.'s Spectacles, reports CNBC . The shares closed at $22.98 on Wednesday, but are likely to sink on Thursday following the 23% fall in after-hours trading to $17.65. Read More »

TPG revises bid for Fairfax

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The opening offer from TPG assumed the "unwanted" rump of Fairfax assets were worth between A25c and A30c a share - an amount most analysts said was overvalued. A consortium which includes the private equity firm TPG Group and Ontario Teachers' Pension Plan Board are offering $A1.20 a share. But the offer, under which Fairfax shareholders would retain ownership of the smaller mastheads in the Australian Community Media division as well as New Zealand Publishing, Macquarie Media's 2GB and the ... Read More »

CARNEY: The Brexit-triggered consumer slowdown has begun

The Bank of England (BOE) held interest rates steady at 0.25 percent, as expected, on Thursday while implementing some widely anticipated modifications to its growth and inflation assumptions over the three-year forecast horizon. The bank's report, released alongside the interest rates decision, offered better news for the growth outlook as forecasts were raised to 1.7 per cent for 2018 and 1.8 per cent in 2019 from February's prediction for 1.6 per cent and 1.7 per cent respectively. Read More »

SpaceX just successfully landed the Falcon 9 rocket

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SpaceX is set to launch another Falcon 9 carrying a commercial satellite from Kennedy Space Center as soon as May 15. The U.S. Defense Department has traditionally relied on United Launch Alliance , a joint venture between Boeing and Lockheed Martin, for its spy satellite launches. Read More »