Tuesday, 28 March 2017
Latest news
Home » Economy

Economy

China lifts ban on Brazilian meat imports

perth_map

Egypt has resumed imports of Brazilian meat , the agriculture ministry said on Saturday, two days after it said it was suspending it until the meat was confirmed safe for consumption. Egypt is among the world's main importers of meat and poultry from Brazil . In a statement, Brazil's President Michel Temer said the moves "reaffirm the trust of the worldwide community in our sanitary control, robust and recognized around the world". Read More »

Trump administration to approve Keystone XL pipeline project Monday

perth_map

President Donald Trump has championed the pipeline and backed the idea that it will prove a job creator. Trump signed an executive order in January to move forward with the project, inviting TransCanada to re-submit its application. Anderson said. Environmental groups and grassroots citizens have long opposed the pipeline, painting it as a symbol of the threat of climate change. Read More »

Wall St ends sharply lower on fears of tax cut delays

Having dropped by more than 1%, it would not surprise if the market revisits this zone in the next few weeks until there's more clarity on the Trump Presidency and some of its key policies, and the future direction of USA rates. The Nasdaq Composite tumbled by 1.8 percent, ending at 5,794. The dollar touched a four-month low against the Japanese currency, whose strength helped push Tokyo stocks to a three-week low, while the euro held close to its highest since early February at around ... Read More »

5K run raises $20000 for Osceola Meals on Wheels

perth_map

Despite the potential cuts, Bertolette said the budget doesn't yet provide enough information to determine how much Meals on Wheels would be affected financially. Meals on Wheels is a decentralized organization with a network of 5000 senior nutrition programs. The program served about 2.4 million seniors a year ago, including more than 500,000 veterans, and says it spends $1.43 billion on nutritional programs while saving the federal government $34 billion in Medicare and Medicaid costs. Read More »

McDonald Serves Anti-Trump Tweet, Twitter Is Lovin' It

perth_map

A spokesperson said: "We deleted the tweet, secured our account and are now investigating this". The tweet came as a significant departure on a corporate account that normally contents itself with marking holidays, promoting McDonald's outlets and informing investors about company strategy. Read More »

Tesla to raise about $1.15bn ahead of its Model 3 launch

perth_map

Tesla added that the company would also provide an over-allotment provision. Tesla now has a consensus rating of "Hold" and an average price target of $253.69. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. The shares were sold at an average price of $212.90, for a total value of $532,250.00. Read More »

Major Winter Storm Affecting Departures At Milwaukee Airport

perth_map

More than a foot of snow has fallen in parts of the northeast, including 14 inches in New York City , where snowfall rates of 1 inch per hour were recorded at JFK and LaGuardia airports. In the NY area, the blizzard was less severe than forecasted, but by early morning the snowfall had picked up. According to the group, Southwest has already canceled more than 300 flights on Monday and 900 scheduled for Tuesday. Read More »

Starbucks stores in the United States and Canada getting limited-time spring cups

perth_map

If you'd like to Sharpie in your own design (or distract from the fact your name got spelled wrong yet again), each cup also comes with a blank white drawing space. It's not clear if all cups will include hand-drawn designs and whether some will be just plain. What that said, those who look forward to red cup season will definitely appreciate the colors. Read More »

Impax Laboratories Inc (IPXL) Downgraded by Piper Jaffray Companies to Underweight

perth_map

Somehow, the stock managed to gain BUY ratings by 0 analysts in current tenure as 1 analyst having overweight ratings, 0 recommend as HOLD and 2 gave it as a SELL security for current period. For the next 5 years, Impax Laboratories Inc.is expecting Growth of 16.4% per annum, whereas in the past 5 years the growth was -5.34% per annum. The price target estimates represents a standard deviation of 3.54. Read More »

Report of Uber 'Greyball' tactics concerns Boston officials

perth_map

Uber reportedly has been using a secret program to help the company evade law-enforcement officers and transportation officials in markets across the globe where the legality of the ride-hailing service is under scrutiny or in question. Greyball is activated on accounts that belong to investigators: when enough "signals" were raised flagging the user as a cop, Uber enables Greyball mode for their account. Read More »

I will decide if to sell Alexis Sanchez or not - Wenger

perth_map

He has been directly involved in a league-high 26 goals in his 26 league games this season, scoring 17 and assisting nine. But not when the best player on the team is sitting for no reason. It looked like this match could be a shootout, but Arsenal didn't have any bullets. Divock Origi came close to sealing the deal for Klopp's men but was denied by the woodwork. Read More »

Feds search Caterpillar facilities in Peoria

perth_map

Caterpillar also scrapped plans to build a new headquarters in downtown Peoria, which is located about 175 miles southwest of Chicago. The lawsuit also names Caterpillar Chief Executive Jim Umpleby, Chairman Douglas Oberhelman and Chief Financial Officer Bradley Halverson as defendants. Read More »

Anheuser-Busch InBev Polishes Off a Tough Year

perth_map

In the USA alone, AB InBev said sales to retailers declined 2% in its 2016 fiscal year, and 2.7% in the fourth quarter - both figures that trailed the overall beer industry. Total shares held by institutions as of the most recent company filings are 49,365,524 with a reported 9,694,166 bought and 8,568,766 sold. Quarterly total volumes declined by 3.3%, with own beer volumes down 3.0% and non-beer volumes down 4.4%. Read More »

Cloud-based software maker Salesforce's revenue jumps 26.8 percent

The company said it expects first-quarter adjusted profit of 25 cents-26 cents per share. Sees Q1'18 Adj. EPS $0.25-$0.26 vs $0.30 Est., Sales $2.34B-$2.35B vs $2.37B Est. Street analyst says the expansion to the new features in the product such as recommendations for salespeople should call next and a growing overall market for sales software contributed the rise in revenues. Read More »

The "Tupac BMW" Is Up For Auction

If you recall the infamous photo , 2Pac was riding in the passenger seat with Death Row Records CEO Suge Knight (who was the driver) when the auto was sprayed with multiple bullets in a drive-by shooting in 1996. Moments In Time as well had the bullet-dented pendant worn by Tupac during the infamous 1994 shooting in New York City. Shakur was shot and killed in the BMW on September 7, 1996. Read More »

What movies to binge watch before Sunday's Oscars

perth_map

Kimmel is no stranger to hosting big awards shows? La La Land is the unsurprising favorite with 14 nominations. The Academy Awards, or as they are commonly known, the Oscars, the best in the cinema from the year 2016. The countdown to Hollywood's biggest night is on. Honest Trailers points out that "Arrival" is "Amy Adams' second film this year about trying to relate to an alien that no one gets along with". Read More »

DHS chief tells Guatemalans US won't have mass deportations

Kelly said the USA approach will involve "close co-ordination" with Mexico's government. Trump called the deportations around the country a "military operation," and he said it's getting "really bad dudes out of this country". A joint statement by the two U.S. secretaries on February 23 stressed the importance of maintaining close cooperation between Mexico and the United States. Read More »

More security after threat to Beachwood's Mandel JCC

perth_map

Mayor Rahm Emanuel issued a statement calling the recent wave of threats "cowardly", and "an affront to our most basic American values and shared sense of human decency". Police say nothing was found on the scene and the JCC is now back open for business, but the investigation continues. The reaction is notable coming after weeks of criticism that President Donald Trump's administration has not been forceful enough to denounce acts of anti-Semitism that have occurred nationwide since ... Read More »

Peugeot promises May to 'develop' Vauxhall after takeover

perth_map

Peugeot also said it expected its operating margin to average 4.5% in the 2016 to 2018 period after better sales and pricing dynamics lifted it 100 basis points to 6% past year. This compares with a net cash position of EUR4.56 billion at the end of December 2015. A key issue in the talks between GM and PSA is how the companies will manage the pension plan for Opel and Vauxhall retirees, people familiar with the discussions said. Read More »

El Paso Electric Company (NYSE:EE) Receives An Update From Brokers

The growth estimate for the next five years is 8.35 percent (per annum). Finally, Archford Capital Strategies LLC increased its position in Emerson Electric Company by 1,803.6% in the second quarter. General Electric Company (NYSE:GE) tumbled -4.02% year-to-date. For the Most Recent Fiscal Year, General Electric Company has a price to cash ratio of 15.94. Read More »

Trump to revoke Obama's transgender rules

Republicans have pushed back, arguing that the federal effort was an example of the Obama administration meddling in state and local matters. "School administrators, parents and students have expressed varying views on the legal issues arising in this setting", the draft reads. Read More »

How to save $8.62 from your Amazon order today

The coupon expires February 22 at 11:59pm (PT). The poll, which included a survey of more than 23,000 people in the U.S. ranked Amazon as excellent in the categories of Emotional Appeal, Workplace Environment, Products & Services, Financial Performance, Vision & Leadership, and Social Responsibility. Read More »

Campbell Soup Company (CPB)

perth_map

Zacks Investment Research downgraded shares of Campbell Soup Company from a buy rating to a hold rating in a research note on Tuesday, February 14th. According to the the latest analyst ratings which have been released, 0 brokers have issued a rating of "buy", 1 brokers "outperform", 10 brokers "hold", 4 brokers "underperform" and 1 brokers "sell". Read More »

Warning on Flu: It's Not Going Away Just Yet, CDC Says

Eight more people died of complications from the flu in North Carolina last week, bringing the death toll for the season to 32, according to the state Department of Health and Human Services. During the 2015-2016 season, vaccine effectiveness was 47% - about the same as this season. "We are seeing a lot of flu deaths in people over 65". Read More »

Chelsea through to FA Cup quarter-finals with simple victory over Wolves

perth_map

Not if we lose and have 21 players happy. "If the player wants to ask me, the player knows my door is always open to explain the reason why I make this decision". "At the end of the season we'll see the situation". "I said it before to them". The present is the game against Wolverhampton. The 19-year-old has reportedly demanded £50,000 a week in wages. Read More »

Trump Had Boeing CEO Listen In On Call About Lockheed With General

Bloomberg News reported Thursday that Trump let Boeing CEO Dennis Muilenberg listened in to a call with the chief officer of the F-35 program at the Pentagon. In addition, to keep costs down, the F-35 has been aggressively marketed to US allies worldwide; several countries have already picked up contracts for maintenance and production. Read More »

McMaster uses presidential visit to show support for Trump

Trump's ascendance to the White House marked a rupture in the conventional relationship between unions and politics. This election was considered an important trail as it would show the control trade unions have over the workers, especially after President Donald Trump's win. Read More »

Delta To Bring Back Free Meals On Some Long US Flights

This company shares are -100% up from its target price of $0 and the current market capitalization stands at $38.12B. The most notable deal fares on offer include: Sydney to New York City on Virgin Australia and Delta Airlines from $1068 return, Melbourne to New York City on Delta Airlines from $1190 and Brisbane to New York City on Air China from $1113 return. Read More »

Warren Buffett takes a big bite of Apple

perth_map

Berkshire owns 57.4 million shares of Apple as of December 31, vs 15.2 million shares three months previously, according to a regulatory filing. Cupertino-based Apple's stock has soared 17 percent this year in its climb to all-time records. Read More »

Aussie Banks Hit Back at Apple Over Mobile Payment Dispute

In the new application, the banks made a decision to eliminate arguments over fees and any other items "the ACCC considered may lead to a public detriment". "This has global implications for the use of NFC on smartphones". "The application seeks permission to jointly negotiate with Apple; this is not an attempt to delay Apple Pay from entering the Australian market". Read More »

Phoenix mom deported after routine immigration check

Her husband, too, is an undocumented immigrant. The mother of two has been living in the United States illegally since the age of 14. Officials warned Mexicans in the U.S.to be cautious, aware of their rights and to stay in contact with their local consulate. Read More »

BC Edges North Carolina, Notches Second ACC Win

perth_map

For now, they still sit tied for first in the ACC, and while they have a few problems to solve, coaching isn't one of them. Jim Sumner will be along presently with his take from Cameron. By then, freshman Jayson Tatum was past his rookie nerves. Believe it or not, things got even worse for the Tar Heels after the break as the Eagles rained down a storm of three-pointers inside Carmichael Arena. Read More »

Manulife Financial Corp (MFC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

With Manulife Financial Corporation (NYSE:MFC) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. Up 24 cents, or 1.45 per cent, to $16.78 on 5.4 million shares. Several brokerages have weighed in on MFC. RBC Capital Markets reiterated an "outperform" rating and issued a $26.00 target price (up previously from $21.00) on shares of Manulife Financial Corp in a report on Friday, November 11th. Read More »