Monday, 24 April 2017
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Oil prices set for biggest weekly drop in a month


USA crude futures were at $49.45 a barrel, down 2.5 per cent, or $1.26 as of 1:52 p.m. ET, on course for the biggest weekly decline since the week ended March 10. WTI crude oil, the U.S. benchmark, is down by 1.5% at $49.96 per barrel, while Brent crude oil, the global benchmark, is down by 1.2% at $52.34 per barrel as of 11:02 a.m. Read More »

EPA chief to tour lead-contaminated IN housing complex

EPA Administrator Scott Pruitt was due to join IN leaders including Gov. Eric Holcomb and U.S. Sens. The pair joined other state and federal officials, including Senators Joe Donnelly (D-Ind.) and Todd Young (R-Ind)., meeting with East Chicago officials and community leaders. Read More »

No-one will be fired over passenger dragging incident, says United Airlines boss


The three officers have all been suspended. While he asserted that he took full responsibility "for making this right ", he said that his organisation will review and update their policy on overbooked flights by the end of April. Munoz declined to say whether the airline would end overbooking sales until the comprehensive review is completed. Yet United officials said they could not measure whether the dragging has affected their business. Read More »

Trump says he will release tax changes package next week


The 2010 financial regulation law known as Dodd-Frank established a so-called orderly liquidation authority under which the Federal Deposit Insurance Corp is empowered to untangle and wind down the biggest banks. Trump will order a review of this as well, Mnuchin said. After the failure, many thought eyes would focus on tax reform . "We'll do an analysis to make sure that this doesn't encourage excess risk taking, moral hazard and exposure to taxpayers ", Mnuchin said. Read More »

International Monetary Fund raises global growth forecast but warns against protectionism


The IMF has long advocated for growth-friendly fiscal stimulus in countries that require an boost but has also warned robust economies to be fiscally prudent during good times. "The IMF also said that risks to the global outlook also could come from a faster-than-expected pace of interest rate hikes in the United States, which could trigger a sharp rise in the dollar and disruptive capital outflows from emerging markets". Read More »

Trump tax reform plan coming "very soon"

That review is due in June. Speaking at an event on the sidelines of the International Monetary Fund and World Bank Spring meetings, Mnuchin said Thursday the scope of Treasury's regulatory review will go beyond rules tied to Dodd-Frank, which the president has called "horrendous". Read More »

Leaders of IMF and World Bank defend globalization


The changes, including improvements to WTO dispute settlement rules, must ensure a "level playing field" for trade, Lagarde said, adding that such changes could only be achieved through multilateral dialogue.The concerns over Trump's trade policies come at a time when the IMF's latest forecasts point to a strengthening global economy - along with a warning that trade restrictions could stall growth."We are finally seeing the global economy picking up the momentum that we hope is going to be ... Read More »

Ontario reveals a foreign-homebuyer tax, rent control and more


The new taxes take effect on FRiday. Those who pay the tax but later become Canadian citizens or permanent residents, or who work or study in the area, will be eligible for a rebate. The Toronto Real Estate Board said this month that March prices across the region were up 33 per cent from a year ago while condo research firm Urbanation Inc. Read More »

Nigel Farage: I will not stand in General Election


He added that if the party was unable to find a "credible" local candidate it would consider candidates suggested by UKIP's central office. The MEP made it clear the general election would be a major test of his leadership. But after falling out with then leader Nigel Farage, he quit Ukip earlier this year to sit as an independent. "This Prime Minister gives fabulous speeches", he said. Read More »

After scrapping visa program popular with Indians, Australia unveils tougher citizenship laws


The Australian government's move to eliminate the 457 visa category would not have a major impact on visas granted to Indian IT workers, industry body Nasscom said on Wednesday. Among other steps, the action will bring a review of the USA work visa program. Both sides of politics have promised to tighten the rules around the issuing of 457 visas in recent years and adopted more nationalist postures about the need to protect Australian jobs. Read More »

US Will Not Issue Drilling Waivers to Russia Sanctions


The request likely will receive extra scrutiny from US officials because the deal between Exxon and Rosneft, the Russian state-owned energy company, was negotiated by the company's former chief executive officer, Rex Tillerson, now the USA secretary of state . Read More »

LeBron James Leads Cavs to Historic Playoffs Comeback Over the Pacers


Coach Tyronn Lue praised James after he moved past Kobe Bryant for third on the NBA's all-time playoff scoring list and confessed it was hard to leave Kyrie Irving and Kevin Love out of the final period. He missed three months with a fractured right thumb and was visibly frustrated by the latest setback when he returned to the bench after the third quarter started. Read More »

Passenger says flight attendant almost hit baby


It is unclear exactly what happened before the video starts but a fellow passenger described the scene in a post uploaded to Facebook alongside the video. "She was looking for space when the male attendant tried to take it away from her... and she said she told him the other attendant had told her it was okay to look", Morgan said. Read More »

Details on Trump's Tax Reform Plan to Be Announced Next Week

Hensarling said. President Donald Trump said businesses and individuals will receive a "massive tax cut" under a tax reform package that he plans to unveil next week. Mnuchin said the global economy continues to exhibit large and persistent external imbalances, "which contribute to the sentiment that the existing worldwide monetary and trading system does not benefit all". Read More »

Investec Reaffirms "Buy" Rating for BTG plc (BTG)

This is -39.20% from the last stock price. After $-1.04 actual EPS reported by Achaogen Inc for the previous quarter, Wall Street now forecasts -48.08% EPS growth. Sphera Funds Management Ltd. owns 514,342 shares or 1.7% of their U.S. portfolio. Moreover, Eam Investors Llc has 0.75% invested in the company for 432,715 shares. Read More »

Communisis plc (CMS) to Issue Dividend of GBX 1.61 on May 26th

It now has negative earnings. The Trust seeks to invest in corporate bonds and notes, senior secured floating rate loan interests, convertible bonds and notes, preferred stocks, common stocks, sovereign debt obligations, collateralized mortgage obligations, asset-backed securities and convertible preferred stocks, among others. Read More »

N Korea warns against USA 'hysteria' as it marks founder's birth


It was the first time North Korea had shown the missiles - which have a range of more than 600 miles - at a military parade. North Korea's goal is a long-range nuclear missile that can strike the continental United States . Kim, a 30-something leader who took power in late 2011, emphasises nuclear weapons as the foundation of his national defense strategy. Under his watch, North Korea has aggressively pursued a goal of putting a nuclear warhead on an ICBM capable of reaching the USA mainland. Read More »

American Airlines apologizes for onboard clash over stroller


The male passenger then steps closer to the employee, who challenges him to a fight. A video shot in the aftermath shows a heated argument involving crew, several passengers and a crying woman holding a baby. "You nearly hurt a baby". "You do that to me and I'll knock you flat", the passenger says. According to the American Airlines website , small strollers can be checked at the gate but there is no policy about strollers in the overhead bin. Read More »

Pro-Trump states ride high in USA clean energy rankings


Polls have shown that the majority of Americans in each political group, Republicans, Democrats or Independents, trust the science about climate change and want Congress to do something about it. Climate change is typically thought of as exclusively an economic, scientific and political problem, but it is a moral one as well. "We're not getting there don't relax". Read More »

UK's May wins MPs' backing snap poll

May stunned the country on Tuesday when she announced her plan for an early vote, despite having repeatedly said she would wait until the next election scheduled in 2020. She passed the required minimum needed of 434 MPs in support, after opposition MPs, mainly from Labour and the Liberal Democrats, voted in favor of an election. Read More »

WTI futures sent reeling by smaller than expected decline in oil stocks


USA oil prices fell almost 4 percent Wednesday, reaching a session low of $50.28 per barrel and marking their biggest daily percentage decline since early March, as inventories posted a less-than-expected decline for the week. US West Texas Intermediate (WTI) crude futures were also down 4c at $52,61 a barrel. China's March gasoline output rose 2.5 percent year-on-year to 11.2 million tons, the highest level since at least April 2014, China's National Bureau of Statistics said, adding to an ... Read More »

#ZumaMustFall: South Africans Take to the Streets In Protest


In Johannesburg, there was a heavy police presence as protesters planned to converge near the ANC headquarters. Senior ANC members criticized the decision, while opposition parties sought to mount a legal challenge to the reshuffle. "They are free to march freely but not to try and remove a government that was elected democratically", said Kebby Maphatsoe, the head of the veterans group and also Deputy Minister of Defense and Military Veterans. Read More »