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TPG Consortium revises bid for Fairfax


The company said it is continuing to progress its own plan to potentially separate the Domain real estate business from the rest of Fairfax. The TPG consortium valued those assets at A$0.25 to A$0.30 a share, but Evans & Partners analysts said that was "optimistic". Read More »

SpaceX launches Falcon 9 on secret, classified mission


SpaceX successfully launched a secretive spy satellite toward orbit on Monday morning, following a slight delay. 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 »

Lyft, Waymo ink self-driving car deal: NY Times


The two companies said Sunday they will collaborate on developing products and technology for autonomous autos. The lawsuit centers on whether Anthony Levandowski, who used to work at Google's self-driving auto division (now known as Waymo) and had led Uber's self-driving ambitions, left the company with trade secrets. Read More »

Mnuchin Says US Reserves Right To Be Protectionist

Schaeuble (German Finance Minister), told Mr. Mnuchin that it is unthinkable that in the weeks and months to come, we can allow the established framework to be debated", Michel Sapin, Finance Minister of France, said. "We recognize that cyber incidents represent a growing threat for our economies and that appropriate economy-wide policy responses are needed", the countries' finance ministers and central bankers said in the statement. Read More »

Chibok girl to be reunited with family after three years

The Minister of Women Affairs and Social Development, Sen. She also renewed the government's resolve to negotiate for the release of the remaining abducted Chibok schoolgirls and other captives. Her father said if she is married, has a child or has converted to Islam it is "no problem". The released girls, now young women, are seen in the video looking much healthier than before. Read More »

Abbas says ready to meet Netanyahu for Trump peace efforts

If passed in the Knesset, the law would become one of the so-called Basic Laws, which like a constitution guide Israel's legal system and are more hard to repeal than regular laws. Erel Margalit, a contender for the leadership of the centrist Zionist Union party, called the bill "reminiscent of dark periods" in history. The bill's original author, MK Avi Dichter (Likud), said the road was still long until his bill becomes a law, but this has been a positive first step. Read More »

US Treasury Secretary Mnuchin: Working With Congress On Joint Tax Plan


But the administration introduced a tax plan last week that did not set aside money for infrastructure, as some had hoped, while the bill to repeal and replace ObamaCare has not been linked to the issue either. Cole said the pass-through business tax cut to 15 percent would go "almost exclusively to the wealthy". Mnuchin explained to Bartiromo that there are three components to the administration's economic plan: tax reform, regulatory reform and trade. Read More »

Pound slips below $1.29 as Bank of England warns of a slowdown

In February he said Britain's economy faced "twists and turns" on its road to Brexit, suggesting he remained in no hurry to consider higher interest rates. Wage growth - which has been weak in Britain since the financial crisis - is forecast to pick up to 3.5 percent next year from around two percent at present as businesses find it harder to recruit staff. Read More »

OPEC deal does not save oil - oil prices hit bottom


US crude fell as low as $45.39, Brent touched $48.32. Prices on Thursday marked the lowest settlement since November 29-the day before the Organization of the Petroleum Exporting Countries announced an agreement to limit production by 1.2 million barrels a day. Read More »

South Korea's new president may go to Pyongyang

Moon's swearing-in brought to an end a months-long power vacuum after previous president Park Geun-hye was ousted in a corruption scandal in March. He also said he was prepared to go to Pyongyang "if the conditions are right". Japan has been concerned that Moon will take a tough line on feuds stemming from the bitter legacy of its 1910-45 colonization of the Korean Peninsula and could fray ties at a time when cooperation on North Korea is vital. Read More »

Federal Reserve set to wait on interest rate hike

The Fed would likely label Monday's weak USA economic data as "transitory" in the central bank's Wednesday policy statement , said Richard Franulovich, senior currency strategist at Westpac Banking Corp in NY. Attention now turns to US non-farm payrolls for March, due on Friday, after separate data showed private employers added 177,000 jobs in April. There were no dissents from the statement . Read More »

US Homeland Security: No announcement Friday on laptop ban expansion

On Thursday, the Department of Homeland Security met with lawmakers on Capitol Hill, to lay out the groundwork, according to two Capitol Hill sources. USA airlines have been pushing Homeland Security to find less disruptive alternatives, according to a source familiar with the discussions. A French official with direct knowledge about the meeting said France planned to push back against the measure, saying there was no information to suggest a significant increase in the terror threat. Read More »

Commissioner Quarles praises end of Chinese beef import embargo


Speaking in Beijing on Friday, Zhu Guangyao , Chinese vice-finance minister, said Sino-US negotiators were in contact "24 hours a day" because of the complexity of the negotiations. China will also ease market restrictions to United States credit card companies. -China exchanges of goods past year totaled almost $579 billion, almost one-sixth of all US trade . Read More »

Macron takes power as French president


A convinced European integrationist, unlike Ms Le Pen and other candidates, Mr Macron went on: "The world and Europe need more than ever France , and a strong France , which speaks out loudly for freedom and solidarity". On Monday, he is expected to travel to Berlin to meet with Chancellor Angela Merkel of Germany, France's most important ally in Europe, and will also announce his pick for prime minister. Read More »

China boosts Silk Road Fund's capital to meet enormous funding demand

China has touted what it formally calls the Belt and Road initiative as a new way to boost global development since Mr Xi unveiled the plan in 2013. The Chinese-bankrolled project seeks to link the country with Africa, Asia and Europe through an enormous network of ports, railways, roads and industrial parks. Read More »

Pacific Legal attorney among 10 Trump picks for federal courts

President Donald Trump will begin to leave his mark on the lower courts of the federal judiciary with 10 nominees named Monday, many of them judges still in their 40s. Sentencing Commission meeting where commission members voted unanimously to allow some 19,500 federal prison inmates, a lot of them black, to seek reductions in their crack cocaine sentences in Washington. Read More »

Cloud Peak Energy indicated as Neutral By MKM Partners


During the same period a year ago, the business earned ($0.53) EPS. (CLD) has an Average Brokerage Recommendation (ABR) of 2.43, according to data compiled by Zacks Investment Research . The company has a market capitalization of $247.72 million, a price-to-earnings ratio of 5.74 and a beta of 1.25. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below. Read More »

Dollar dips against euro after weak USA economic data


The Fed's decision has prompted an increase in odds of a rate hike in June, with Oxford Economics head of USA macro investor services Kathy Bostjancic telling Market Watch that the probability of a rate hike in June has risen to 90% from a previous 70%. Read More »

G7 ministers take aim at cybercrime

The Treasury secretary said the administration's commitment to economic growth of 3 per cent would be good for the USA and for the global economy. Italian officials also said it's unclear whether G7 finance ministers will have anything specific to say on tax reform at the end of their meeting on Saturday. Read More »

Evaluating LA bid for 2024 Olympics requires imagination

Developers won't wait until 2028 should the IOC award the Games instead to LA and offer Paris the 2028 edition as a consolation, the bid committee assured. The Evaluation Commission delegation is scheduled to visit some proposed venues or iconic backdrops for the 2024 Games, including the Eiffel Tower, Roland Garros and the Stade de France , next Monday. Read More »

Big Australian just BHP again, no Billiton


In launching Think Big Healy says it will take the opportunity to change its logo and move to a brand that Australians have known for generations - BHP. The Think Big campaign will include 30-second television commercials with print and online advertisements pushed via social media. Those ads, launched by the company as a reminder of its Australian heritage even as it was expanding around the world, still resonate with older Australians, Mr. Read More »

Global cyber attack dying down, 104 countries affected

The attacks, which experts said affected dozens of countries, used a technique known as ransomware that locks users' files unless they pay the attackers a designated sum in the virtual Bitcoin currency. Nissan said there had been no major impact, but the firm was due to cease production for most of the weekend anyway due to a downturn in demand. Britain's National Health Service does not have any evidence that patient data was breached following a ransomware attack, the agency said. Read More »