Markets

OBOR: In major blow to China, Europian Union endorsement unlikely

Xi also appealed to foreign leaders to resist pressure to close markets. "They see an opportunity to fill the vacuum and take advantage of perceptions globally", said Andrew Gilholm, director of analysis for North Asia at Control Risks Group, referring to changing perceptions of United States leadership in the Trump era.

OPEC likely to extend output cuts into next year

Such moves would spark a surge in USA oil production, which is already forecast for 2017 to rise by as much as 17% compared to a year earlier to +10 million barrels daily. This could flood global oil markets an additional ~347 million barrels of crude in an environment where oil is already weighed down by a long-running supply overhang.

China's LeEco to cut jobs in US amidst cash crunch

Meanwhile, Yang Lijie, LeEco's CFO, has also announced that he will be resigning, to be replaced by Zhang Wei. Jia Yueting, chairman and CEO of China-based LeEco, has stepped down as CEO of the company but will retain his position as chairman, according to a recent stock exchange filing.

Tigers snap Rangers' streak at 10, beat Texas 9-3

He added three RBIs and a couple of dandy defensive plays at first base. Texas has won a lot of games in a lot of ways over the last ten days but when the starting pitching gets thumped, that's a recipe for a loss. Even though the second-place Rangers have baseball's longest winning streak since Boston won 11 straight late past year, they have made up just two games on the AL West-leading Astros, who have a 6½ game cushion.

The moment teenage Mark Zuckerberg got accepted into Harvard

Seriously, even his dad seemed more excited at the sight of an email from Harvard University! It's grainy and shows Mark Zuckerberg on a bulky desktop computer, sitting on the edge of a bed, and it takes more than a few seconds for him to boot up his email.

Ronaldo could take Madrid to brink of title in Celta Vigo

Ronaldo is at his brilliant best, scoring two goals in the victory, including this hammer of an effort to effectively seal the three points for Real in the 78th minute. The Spanish publication adds that Zidane is ready to part ways with the Colombia worldwide and Los Blancos will demand €75m for his services - in order to recoup most of the money they invested to lure him away from Monaco in 2014.

Trump's intel disclosure to Russia put spy in danger

The meeting with the Russians came a day after the firing, and was controversial in itself - a red carpet welcome for Russian President Vladimir Putin's top aides months after Russia was hit with U.S. Trump has frequently tasked aides and surrogates with delivering apparently false or misleading statements or to aggressively argue points that the president later contradicts.

Tata Steel net loss narrows as domestic, European sales grow

The steel company's accounts for the year to 31 March 2017 - published on the Indian Stock Exchange today - said that after "prolonged and intense" negotiations with the BSPS Trustee, the Pensions Regulator (TPR) and the Pension Protection Fund (PPF) a deal in principle had been reached between Tata Steel UK and the BSPS Trustee.

Trump asked Comey to shut down Flynn investigation

If the new report about ordering Comey to stop investigating Flynn is true, then both that request and firing Comey for not obeying it (if that was indeed Trump's motivation) arguably constitute obstruction of justice. Trump told Comey that Flynn had done nothing wrong, according to the memo. In 2007, he told Congress about a now-famous showdown with senior White House officials over the Bush administration's warrantless wiretapping program.

Singapore sovereign fund GIC pares UBS stake at a loss

UBS is managing the sale, according to an emailed statement from the bank. "GIC made the UBS sale despite the loss because conditions have changed fundamentally since GIC invested in UBS in February 2008, as have UBS' strategy and business", GIC head Lim Chow Kiat said in a statement.

Japan Hopes Russia, China to Help Settle North Korea Nuclear Issue

Defence Secretary James Mattis has briefed the Congress on the option, but the military has not yet chose to intercept a test missile. But, mindful that this would likely trigger massive retaliation and casualties in South Korea and Japan, US officials say the Trump administration's main focus is on tougher economic sanctions.

Healthy SC teen dies of heart problems after too much caffeine

A caffeine overdose killed a SC teenager last month, the Richland County coroner said Monday. "Parents please talk to your kids about the dangers of these energy drinks ", said Davis' father, Sean Cripe. "These drinks can be very risky", Watts said. "A cup of coffee, a can of soda isn't going to cause this thing", said Dr. Amy Durso, deputy chief medical examiner for Richland County.

Warren Buffett's one-word answer for why he hasn't purchased Amazon shares

Yet Buffett and Munger stood by Wells Fargo and other Berkshire investments, including United Airlines and Coca-Cola. "It's a lot of people with a lot of buying power", he said. "In Buffett's annual letter in 2015, he gloated that 98% of shares voted were against the proposal, a result he interpreted as, "'Don't send us a dividend but instead reinvest all of the earnings, '" adding, "To have our fellow owners-large and small-be so in sync with our managerial philosophy is both remarkable ...

Elon Musk Just Released Breakthrough Updates About His New Company

Elon Musk has given a glimpse into the underground network of tunnels he's building to help people avoid travelling through LA traffic. Late past year the Tesla and SpaceX CEO announced he was creating a new venture, The Boring Company, to start digging traffic-tackling tunnels under Los Angeles.

April retail sales data issued by Commerce and NRF heads up

Compared with a year earlier, total sales in April rose 4.5%. Also, the March 2017 change in sales was revised from down 0.2 percent to up 0.1 percent. Yet a category that includes online retailers reported sales growth of 1.4 percent, the strongest of any group. Consumer confidence has soared since the presidential election, but spending hasn't increased as much as the jump in optimism would suggest.

Tesla starts taking orders for solar roof

Musk sold investors on Tesla's acquisition of SolarCity with the promise of providing an expanded selection of clean energy products. Tesla has opened pre-orders for Solar Roofs based on the tiles it unveiled past year. The cost of Solar Roof is less. Certain tiles will have the photovoltaic cells embedded in them while some won't due to varying sun exposure for the tiles.

Oil dips as concerns linger over USA production

OPEC members and other producers including Russian Federation pledged to reduce their output by nearly 1.8 million barrels per day (bpd) in the first half of the year, but the impact of the initiative has been slow to show up in global inventory data.

Boxing in fantastic shape after Joshua triumph - Hopkins

But Tyson believes Joshua has what it takes to reign atop the division for a long time and bring the big men back into the big time. Boxing has been struggling to find a new heavyweight champion who can captivate a worldwide audience for years.

National Day of Prayer observance set in Anna

Truman signed a bill proclaiming a National Day of Prayer must be declared by each following president at an appropriate date of his choice. The National Day of Prayer and Bible Marathon will be at the Blount Historic Courthouse at noon.

Acadia Realty Trust Enters Oversold Territory

Today there are 159,297,000 shares in issue of Digital Realty Trust, Inc. which are now trading at 112.77 which brings the business's market capitalisation to 17.96B Dollars. This dividend, in the amount of $0.30 per share, is payable on May 31, 2017 to shareholders of record on May 16, 2017. This represents a $0.70 annualized dividend and a dividend yield of 7.05%.

Sensex retreats from record, but stays above 30k

All the BSE sectoral indices led by FMCG, metal, bank and IT, were trading in positive zone with gains of up to 0.57 per cent. Sensex closed at 30,029.74 down 104 points or 0.34%, while Nifty 50 ended at 9,342.15 below 10 points or 0.10%.

Trump tax plan leaves Congress, Ryan with heavy lift

It was created to ensure rich Americans couldn't deduct their way out of paying any federal income tax. "That's the heavy lift", said Rep. Dave Brat, R-Va. The will of Congress to pass the heavy political life to lower the top corporate rate from 35 percent to 15 percent is likely nearly nonexistent. [T] he plan would increase the standard deduction from $12,600 to $24,000 ($12,000 if single), and eliminate personal exemptions.

Appeals court upholds decision to block Anthem bid for Cigna

The federal appeals court in Washington ruled by a majority of 2 to1 that the Anthem-Cigna merger would have unacceptably reduced competition in the market. Indianapolis-based Anthem declined less than 1 percent to $177.89. The decision likely puts an end to the merger, and comes on the heels of another major health insurance merger, between Aetna and Humana, also being blocked.

Mobile US Inc (TMUS) PT Raised to $80.00 at Jefferies Group LLC

T-Mobile US, Inc. (TMUS) has a mean recommendation of 1.63, according to data compiled by Zacks Investment Research. Shares outstanding are recorded as 830.61 M and total shares floated are 289.44 M. Churn, or customer defections, was 1.18 percent, compared with the average analyst estimate of 1.27 percent according to FactSet. See which 3 stocks are most likely to make moves following their insider activities.

BoJ chief warns over 'likely' delay on inflation target

Meanwhile, the inflation forecast for this fiscal was lowered to 1.4% from 1.5%. Talking about a specific exit strategy now would cause undue confusion in markets. "If so, it's natural to believe that this will lead to an improvement in the output gap, tighten labour market conditions, thereby pushing up wages and inflation".

Twitter posts strong user growth, shares soar

Notably, the social media service surpassed user growth expectations for the quarter, adding an additional nine million users to an average active monthly user base of 328 million accounts. For the full year, Twitter expects non-GAAP expenses to be flat to down 5% year over year. There's been numerous tactics to make people and tweets to follow easier to find.

Freeport-McMoRan's Q1 2017 Earnings Review: Favorable Copper Pricing Environment Boosts Earnings

A number of other brokerages have also issued reports on FCX. Zacks Investment Research lowered Freeport-McMoRan from a buy rating to a hold rating in a research report on Monday, January 30th. According to these analysts, the Low Revenue Estimate for Freeport-McMoRan Inc.is 3.16 Billion and the High Revenue Estimate is 4.01 Billion. The company reported an impressive total revenue of 14.83 Billion in the last fiscal year.

Twitter has Trump, and a troubling revenue drop

The social media giant's monthly active users rose to 328 million - 7 million more than expected and 9 million more than the previous quarter. Twitter has struggled to attract new users since the company went public in 2013. On the revenue front, Twitter did report a quarterly decline, noting that "there is still work to be done to translate" an improved user experience into revenue growth.

LeBron and Cavaliers sweep away Pacers

They did it behind four-time league MVP, three-time National Basketball Association champion and seven-time Finals participant LeBron James, who was sensational in finishing with 41 points, 13 rebounds and 12 assists for his 17th career playoff triple-double, and bench players Deron Williams , Channing Frye , Kyle Korver and Iman Shumpert.

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

McGarry said. PPG has said a merger could result in savings worth at least $750m. PPG said the spinoff plan "clearly fails to meet the additional growth opportunities that will be available to all employees of the much larger combined company".

Partial French official results show Macron, Le Pen in second round

Fillon won 19.9 percent of the vote, close to the 19.4 percent for extreme-left candidate Jean-Luc Melenchon, who did not immediately lend his support to Macron for the run-off. "The challenge is to open a new page in our political life and to take action so that everyone his able to find his or her place in France and in Europe".

March for science events take place around the globe

Not only has Trump begun to rip apart key domestic and global environmental regulations and safeguards, has targeted science and research with budget cuts, filled his administration with climate change deniers and seems intent on reviving the U.S's dirty industry in his plan for jobs.

Embattled United CEO Received $18 Million in 2016 Compensation

The company said in a regulatory filing that about $6.8 million U.S. of the total was related to a signing bonus that Munoz was promised in 2016. United did not respond directly to Clark's comment, sharing instead a previous statement from CEO Oscar Munoz apologizing for the incident and vowing to "fix what's broken".

Trump says he will release tax reform package next week

House Republicans are also working to loosen Dodd-Frank regulations. Therefore, both the White House and Congress agree that the federal government can afford to implement such a massive fiscal stimulus in terms of the significant initial costs.

No red beacons on official vehicles from May 1: Jaitley

According to Road Transport Minister Nitin Gadkari , the ban " is a huge democratic decision ". "From May 1 no one in the country would be able to have red beacons atop official vehicles". Chouhan had also admitted that many unauthorised persons were using red beacons . This move is directly in line with the Prime Minister's vision of a transparent government, where no leaders enjoy additional benefits.

Top Delhi school student loses control over auto; kills one, injures 2

Three others identified as Asif, Karan and Sanjay were also critically injured in the incident. A class 12th student who was driving the vehicle has been apprehended. He is a resident of Model Town in north Delhi. "His friends fled the scene after the accident", Narwal told IANS . The owner of the car- Chug's friend Ujjwal's father -is likely to face charges in connection with the accident.

Sentence next for Volkswagen in US diesel emissions scandal

In January, Volkswagen also agreed to pay $1.5 billion to the United States to settle its civil environmental, customs, and financial violations. During the sentencing hearing, the court accepted the parties' plea agreement, which requires VW to pay a $2.8 billion penalty stemming from the company's decade-long scheme to sell diesel vehicles containing software created to cheat USA emissions tests.

OPEC raises its forecast on global demand for oil

The EIA data did, however, show an unexpected drop in overall USA crude inventories, 2.2 million barrels over the week as imports declined by 717,000 barrels a day. Also, the 60- to 70-day lag between exports leaving the Arabian Gulf and arriving in major markets means the extent of OPEC supply cuts has yet to bite.

Ontario, Canada brings in foreign housing tax to cool market

Three levels of government facing a red-hot housing market in the Greater Toronto Area have agreed Tuesday not to introduce any measures that would further boost demand and drive prices even higher. The good news is that the measures announced today are unlikely to send the market into a tailspin. The proposed legislation includes expanding rent control, incentives for those who build rental housing and new tools that will allow Toronto city council to follow Vancouver's lead in imposing a ...

Netflix on the verge of hitting 100 million subscribers

For the earnings quarter that ended March 31, Netflix added just 5 million members in total: 1.42 million subscribers in the U.S. and 3.53 million subscribers internationally, both of which missed analysts' estimates. Amazon has had success with original programming like The Man in the High Castle, Transparent and Mozart in the Jungle , but hasn't been able to win over the water cooler conversation that Netflix has been able to do with Orange is the New Black, House of Cards and their ...

Trump admin. declines to brand China a currency manipulator

Trump repeatedly pledged in his election campaign to name China as a currency manipulator on his first day in office, but did not do so. China , Germany , Japan , Korea, Switzerland and Taiwan remained on a previously established watch list of countries in the Trump administration's first report on currency values.

BP's Alaska North Slope Well Stops Leaking Crude Oil

In general, oil companies have been producing oil and pumping associated natural gas back into reservoirs. According to a Sunday report from the Alaska Department of Environmental Conservation, the well is no longer spraying crude oil , as it was when employees of BP Exploration Alaska Inc.

Brief marriage precedes fatal San Bernardino school shooting

He had endured heart surgery and many other challenges presented by Williams syndrome , a rare neurodevelopmental disorder marked by cardiovascular disease, developmental delays and learning disabilities, as well as impressive creative talents.

Uber's revenue hits $6.5 billion in 2016, still makes large loss

If Uber Technologies Inc. had been a public company in 2016, it would have been among the top 10 biggest money losers. The results release comes soon after a slew of controversies and executive-level departures at the firm. Business Insider asked Uber for clarification on how entire UberPool fares can be counted towards revenue when it has to pay drivers out of those fares.

The Coca-Cola Co (NYSE:KO) & Vonage Holdings Corp. (NYSE:VG)

Jayanti is strong in the north, but according to the group's sales & marketing director, Rahul Jain, it is now expanding to southern markets, including Bengaluru. The original version of this article can be read at https://www.thecerbatgem.com/2017/04/11/capital-international-inc-ca-has-2-326-million-stake-in-the-coca-cola-co-ko.html.

Mexican government condemns violence in Venezuela

Monday's planned march is the latest in a series of anti-government protests held in Venezuela since a controversial decision by the country's Supreme Court to strip the National Assembly of its legislative powers. Lawmakers also said that an elderly woman asphyxiated to death in Caracas after tear gas entered her apartment during Monday's protests. "The crisis is not only political, but it is a humanitarian".

Vice Premier urges control on property development in Xiongan

Analysts said that Xiongan, some 100 kilometers southwest of downtown Beijing, will create fresh business opportunities. Aerial photo taken on March 31, 2017 shows Baiyangdian, North China's largest freshwater wetland, in Anxin county, North China's Hebei province.

Trump administration approves Keystone XL pipeline

Trump vowed that the pipeline would bring jobs, lower energy costs, and reduce America's reliance on foreign oil. The company has a total of US$15 billion in investment in oil and natural gas "that will create thousands of well-paying jobs and generate substantial economic benefits across the USA".

Google bets on another Asia-Pacific submarine cable

SubPartners CEO, Bevan Slattery concluded: "this cable system complements our global connectivity that links Asia, the US, Europe, Australia and the Middle East". "With Internet data consumption growing by 70 per cent in Asia previous year alone these sorts of investments in worldwide networks are critical for meeting the needs of connected consumers and businesses", Telstra group managing director of global services and worldwide, David Burns, said in a statement.

Company offers body cameras to every cop in the US

And Axon founder and CEO Rick Smith said he expects the body cameras will make it easier for officers to do their jobs, and will "drive important social change". "We're not just a Taser weapon, we're not just body cameras but we're all those things that plug in with a network of apps, people and devices", Tuttle said.