Friday, 26 May 2017
Latest news
Home » Finance

Finance

South Korea says communication channel with North must reopen

perth_map

Haley said that United States and China have been working on "a unified plan" on how to approach North Korea that would include stronger implementation of existing sanctions and tougher new sanctions. Moon met Matt Pottinger, overseeing Asian affairs at the US National Security Council, on Tuesday and said he hoped to continue to have "sufficient, close discussions" between Seoul and Washington, the Blue House press secretary told a briefing. Read More »

White House insists Trump's disclosures 'wholly appropriate'

John Hoeven, R-N.D., said national security should the highest priority and classified information should be handled with care. (AP Photo/Pablo Martinez Monsivais). News Tuesday of Trump's request of Comey immediately renewed concerns from congressional Democrats that Trump was trying to obstruct an investigation that's been examining potential coordination between Russian Federation and the Trump campaign. Read More »

UNSC, Turkey condemn North Korea missile test

The North fired a ballistic missile that landed in the sea near Russian Federation on Sunday in a launch that Washington called a message to South Korea, days after its new president took office pledging to engage Pyongyang in dialogue. The Security Council demanded the DPRK "conduct no further nuclear and ballistic missile tests", the statement said. North Korean leader Kim Jong Un was ecstatic with the test launch, saying Monday that if the USA "dares opt for a military provocation" his ... Read More »

Diamond earrings fetch record $57.4-million at Swiss auction

perth_map

Apollo is a 14.54 carat vivid blue diamond , cut and polished into a pear shape. The pear-shaped jewels, Apollo and Artemis, are nearly 16 carats each. The £45 million final figure is a record for a pair of earrings, though the staggering sum was actually short on what was expected - with the diamonds carrying an estimate of up to £55 million. Read More »

Pvt. Chelsea Manning set for release after 7 years in prison

Among the records Manning admitted to passing on to WikiLeaks was a video showing a 2007 U.S. Apache helicopter attack in Baghdad that killed 11 men and 750,000 classified documents that contained military and diplomatic dispatches. A support group has raised over $130,000 (117,000 euros) to help her begin life beyond prison. In 2014, a federal judge granted her request to formally change her name to Chelsea Elizabeth Manning. Read More »

Trump uncertainty pushes yen, Swiss franc to multi-week highs

perth_map

A broad index of Asian stocks also earlier nudged to a fresh two-year high on Tuesday. The Euro (EURUSD) continues to rally against the dollar having clocked season highs of 1.10442. AUD/USD is supported around 0.7389 levels and now trading at 0.7434 levels. The Shanghai Composite Index edged 0.2 percent lower to 3,104.44. The ECB's non-monetary policy meeting is generally not a market mover. Read More »

PNB's Q4 standalone net profit at Rs 262 crore

perth_map

During the day, the stock tumbled 4.87 per cent to Rs 67.25. Public sector Allahabad Bank swung into black, registering a net profit of Rs 111.16 crore during the last quarter ended March 2017 as provisions for bad loans came down. Mehta said e-auction drive and sale to asset reconstruction companies helped it recover Rs 22,863 crore during the year. Total income increased to Rs 14,989.33 crore in the quarter, from Rs 12,669.21 crore in the same period past year. Read More »

United States ambassador says Chinese leverage is key to North Korea

Charter", said Putin. Its ambassador to China said in Beijing on Monday it would continue such test launches "anytime, any place". Uruguayan Ambassador Elbio Rosselli, the current council president, said after the meeting that members are united in condemning the latest missile launch as "a serious threat to worldwide peace". Read More »

Iran 'likely to back cut' if all on board

Current Oil Minister Bijan Zanganeh, speaking on 6 May, said he believed producers were likely to extend the Opec-led deal although he did not give a timeframe, and added $55 was a suitable price for oil. inventories had been underwhelming. Global demand growth is, however, still forecast at 1.3 million barrels per day in 2017, with demand at 97.9 million barrels per day, said the report. Read More »

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

perth_map

Discussions focused on China's New Silk Road trade project - an initiative to create new trading routes across parts of the developing world. China's President Xi Jinping has pledged $124 billion for the OBOR initiative, stated Jin Qi, the chairperson of the Silk Road Fund, on the sidelines of a major forum in Beijing . Read More »

EU, US to review electronic device ban on flights

perth_map

Two airline officials who were briefed on the discussions said Homeland Security gave no timetable for an announcement, but they were resigned to its inevitability. That could include routinely testing laptops for chemical residues associated with bombs, requiring owners to turn on their devices, and letting frequent travelers keep their electronics with them. Read More »

Trump, Turkish leader hail ties despite US arming of Kurds

Erdoğan said he believed his visit "will mark a historical turn of tide". "There is no place for the terrorist organisations in the future of our region". Earlier Trump and Erdoğan had stood side by side at the White House and promised to strengthen strained ties despite the Turkish leader's stern warning about Washington's arming of a Kurdish militia. Read More »

Experts say global cyber attack similar to North Korean hacks

The United States has been discussing possible new U.N. sanctions with China since North Korea's previous missile test about two weeks ago. This is published unedited from the PTI feed . "Ninety percent of the DPRK's trade is with China, so clearly there is a lot more leverage that China has, and we would like China to use". Under UN resolutions, North Korea is barred from developing nuclear and missile technology. Read More »

Saudis, Russia Commit To 9-Month Oil Cuts, Goldman Sees $57 Price

perth_map

Saudi Arabia and Russian Federation, the world's top two oil producers, agreed on Monday on the need to extend output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. "The agreement needs to be extended as we will not reach the desired inventory level by end of June", Saudi Arabia's Khalid Al-Falih said during the event with Russia's Alexander Novak. Read More »

Federal Realty Investment Trust (FRT) Releases FY17 Earnings Guidance

perth_map

Education Realty Trust Inc now has $2.75 billion valuation. Insiders have sold 25,129 shares of company stock worth $811,257 in the last quarter. About shares traded. It also reduced Anthem Inc (NYSE:ANTM) stake by 3,281 shares and now owns 6,770 shares. Treehouse Foods Inc (NYSE:THS) was raised too. Investors sentiment increased to 1.3 in 2016 Q4. Read More »

Hong Kong, China regulators approve bond trading link

perth_map

The new program will "reinforce and improve Hong Kong's role as an global financial center, help China's financial opening up and contribute to Hong Kong's long-term prosperity and stability", said the statement. "The program is another major move that uses the Hong Kong platform to strengthen the connectivity between mainland and global capital markets". On Wednesday, analysts at CICC said Bond Connect would have a limited short-term impact as a result. Read More »

Taiwan Semiconductor Mfg. Co

Taiwan Semiconductor Mfg. Co. had a return on equity of 26.79% and a net margin of 35.31%. Alpha One also assigned headlines about the semiconductor company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. Read More »

All Blacks to play test match in Japan in 2018

perth_map

Japan coach Jamie Joseph said at last week's World Cup draw in Kyoto that he "felt like a small sardine amongst a bunch of tuna" alongside the likes of Jones and Steve Hansen, the All Blacks coach. New Zealand coach Hansen said the Japan game would help with their preparations for the global showpiece. It will be the sixth time the All Blacks have played against Japan and first since 2013. Read More »

Donald Trump 'asked FBI director to shut down Flynn investigation'

perth_map

Some Republicans are voicing support for President Donald Trump following a report that the president asked James Comey to stop an FBI investigation. If that is true, those could be critical to proving whose account of the meeting is accurate. The associate who described the memo has said Mr. Comey is willing to testify but wants to do it in public to ensure a full airing of events. Read More »

OPEC sees more oil supply outside the group, countering its cuts

perth_map

Oil prices rose on Thursday, and Brent was firmly back over $50 a barrel, as a fall in U.S. fuel inventories and a bigger than expected cut in Saudi supplies to Asia tightened the market. Crude inventories in the USA fell 5.2 million barrels in the week through May 5, the Energy Information Administration reported. "It is all about sentiment and perception". Read More »

Maria Sharapova will not be invited to play French Open

It first appeared that Sharapova would not be given the wildcard when Bernard Giudicelli, president of the French tennis authority, claimed doing so would be the smack of hypocrisy. Federer's hot start to 2017 after returning from a knee injury captured the imagination of tennis fans as he and a rejuvenated Rafael Nadal renewed their legendary rivalry in the Australian Open final. Read More »

Haley: US Might Look at Sanctions on Countries Aiding North Korea

Clues pointed to Lazarus, and the U.S. Federal Bureau of Investigation concluded North Korea was behind the breach. The U.S. Pacific Command said Sunday's test flight "is not consistent with an intercontinental ballistic missile". He said based on his conversations with North Korean hackers, the reclusive state had been developing and testing ransomware programs since August. "Fourth, to achieve these goals, South Korea and the United States will pursue drastic and practical joint approaches". Read More »

Citigroup reiterated Persimmon PLC (LON:PSN) as 'Neutral'

Macquarie Research downgraded the stock to "Neutral" rating in Monday, August 22 report. United Utilities Group PLC now has a 20 moving average of 996.52 and also a 50 day simple moving average now at 996.79. (NYSE:STI) has risen 34.04% since September 29, 2016 and is uptrending. Blunt Matt sold 10,000 shares worth $599,210. 3,000 shares valued at $169,380 were sold by BHATIA VIKRANT on Tuesday, December 20. Read More »

More C919 jets to be assembled for flying tests

perth_map

The narrow-body twin-engine jet is meant to compete against Airbus A320 neo, Boeing 737 MAX, Bombardier and other next-generation single-aisle airliners. China began to develop its own jumbo passenger jets in the 1970s and the first one, the Y-10, had a successful test flight in 1980. The C919 is China's most ambitious aircraft to date, aimed squarely at the market dominated by the Boeing 737 and Airbus A320. Read More »

Oil prices retreat on profit-taking

perth_map

West Texas Intermediate for June delivery climbed 17 cents, or 0.4 per cent, to $49.02 a barrel on the New York Mercantile Exchange in Hong Kong. President Muhammadu Buhari's 2017 oil benchmark at 44.5 dollars per barrel. A proposal to extend an Opec and non-Opec supply cut for nine months is a positive idea, sources familiar with Iranian thinking said, suggesting Opec's third-largest producer is likely to go along with such a plan if there is a consensus. Read More »

CHART: Real Australian wage growth likely went backwards over the past year

perth_map

Australian wages have stagnated at a record low, growing a just 1.9% over the last six months, throwing an early cloud over the Turnbull government's optimistic projections for wages growth in last week's budget. "We attribute this divergence to the persistent rise in the underemployment rate, which is now tracking at all-time highs". "That said, actual wage outcomes have been even softer than the level of the jobless rate would otherwise suggest, with an unemployment rate of 5.9% ... Read More »

Haley: Dialogue if N. Korea Suspends Nuke Process

U.S. President Donald Trump's administration has called for an immediate halt to North Korea's missile and nuclear tests, and U.S. Disarmament Ambassador Robert Wood said on Tuesday that China's leverage was key and Beijing could do more. It did not name any of the entities. "We don't have it done yet", Haley said. "The real situation may be serious". It says private computers also were affected. Read More »

Helping To Stamp Out Hunger in Arlington

perth_map

Over the weekend, the Second Harvest Food Bank collected almost 270,000 pounds of donated food. "It is truly wonderful how the efforts of our community can impact our continued role to supply food to hundreds of partners throughout New Mexico for the benefit of our hungry neighbors", said Melody Wattenbarger, president and CEO of Roadrunner Food Bank. Read More »

Mail carriers help stamp out hunger

perth_map

The majority of those served by the Regional Food Bank are the working poor, seniors living on fixed incomes and children. Residents are asked to leave a bag of non-perishable food next to their mail box prior to mail delivery on Saturday, May 13. Read More »

Schumer: No new FBI director without a special prosecutor

Lawmakers in both parties said Sunday that President Donald Trump will need to hand over any recordings of conversations in the White House if such a taping system does exist. Acting FBI Director Andrew McCabe told Congress last week the investigation is "highly significant" and said Comey's dismissal would do nothing to impede the probe. Read More »

Housing data, political turmoil hit dollar; stocks flat

perth_map

Fears are growing among investors that Mr Trump might not last his first term, analysts said, and that even if he does, there are too many political distractions for him to be able to push through his economic stimulus programme. Dow Jones closed down by 0.02 percent, S&P 500 ended down by 0.07 percent, Nasdaq finished the day up by 0.33 percent. The Swiss franc gained 0.2 percent against the dollar to 0.9838 franc per dollar CHF= . Read More »