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OECD cuts forecast for Canadian economic growth, trims global outlook

However, today the think-tank said growth next year will be be hit by the Brexit vote - and predicted a slowdown to one per cent. The thinktank said it was still predicting a sharp slowdown in the economy, but that this would not happen until 2017.

Business

North Korea could face unilateral sanctions: US special envoy

According to an AFP report , North Korea on Sunday demanded that the us acknowledge the isolated country as a "legitimate nuclear weapons state", and promised to increase its arsenal in both "quality and quantity". A South Korean government official said it was a suspected nuclear test, Yonhap reported , and Seoul called for an emergency National Security Council meeting.

Business

Snacks and cereals growth fails to offset General Mills sales slump

General Mills' net sales dipped 7.1 percent from $4.21 billion to $3.91 billion and came in line with the analysts' expectations. Adjusted earnings per share were 78 cents, beating expectations. Looking ahead, GIS reiterated its previously-announced full-year 2017 outlook for EPS growth of 6% to 8% from last year. "Our first-quarter profit margin expansion and EPS results reflect continued good progress on our productivity and cost-savings initiatives", said General Mills Chairman and ...

Business

Matt Duchene cherishes national spotlight in World Cup win over USA

The USA's upset loss to Europe on Saturday, and the Europeans' subsequent victory over the Czech Republic on Monday, meant the Americans needed to beat Canada to have any chance of advancing from Group A. Their roster was built behind size and physicality in an ever-speedier game, a bet that ultimately failed at the World Cup. Canada's overwhelming blend of skill, speed and depth were ultimately too much for the US, and more than enough for a berth in the semifinal.

Business

Donald Trump Calls NBC's Lester Holt a 'Democrat' Despite Public Records

On Sunday, Islamic State claimed responsibility, calling the man "a soldier", and the Federal Bureau of Investigation said it was investigating the attack as a potential act of terrorism. "But we should go much stronger than waterboarding". When we do that, we send a clear message, America is better than this. Clinton has also boasted of advocating for the arming of rebels against Syrian President Bashar Assad.

Business

Official says NY bombing suspect's dad contacted Federal Bureau of Investigation in '14

Rahami had not previously been identified as unsafe but his family was known to police as a result of late-night noise and crowd complaints at a family halal chicken restaurant in Elizabeth. Federal authorities conducted a raid at an apartment above a fried chicken restaurant in Elizabeth operated by Rahami's father. "He's always in there".

Business

Seahawks lose fifth round pick, fined for violating CBA

Late in the first quarter, with the Seahawks with second and third downs from the Rams 5, Wilson didn't throw to Graham. Over 91,000 fans packed the Coliseum as the Rams somehow scratched out a 9-3 victory over the Seattle Seahawks - the franchise's first in Los Angeles since November 6, 1994.

Business

Postal Savings Bank of China IPO raises US$7.4 billion

For decades, China's village postal outlets served as makeshift consumer banks (paywall) for consumers to store their savings in. That will make PSBC's listing the largest IPO of the year-nearly double the size of Denmark's Dong Energy, which listed in June.

Business

Brad Pitt Reportedly Had an Affair With Marion Cotillard

When he finally realised that they were talking about Pitt and Jolie's divorce, Clooney admitted that it was the first time he'd heard of it. Estimates of their earnings vary but celebrity estate attorney Donald David approximates the 52-year-old actor to be worth up to $350 million and Angelina up to $275 million.

Business

An all-time low for Primetime Emmy Awards viewership

Game of Thrones won its 38th Emmy Award last night with its victory in the category of Outstanding Drama Series. "Our show started out as a political satire but it now feels more like a sobering documentary", she said. The Emmys also did not shy from honouring minority talents as Indian-origin actor-writer-director Aziz Ansari and Alan Yang received the best writing for a comedy series honour for "Master of None".

Business

Brangelina divorce: Things are already starting to heat up

One of Hollywood's most famous marriages is coming to an end. While there is a scarcity of information available, TMZ is reporting that Jolie filed for divorce due to Pitt's "parenting of the children". Jolie Pitt also launched herself as a film director. Brad Pitt angered by Angelina Jolie's accusations! At the time, Pitt and Jolie had been shooting for Mr and Mrs.

Business

Monsanto accept Bayer deal

The agribusiness is witnessing the signs of consolidation recently due to uncertain weather patterns, fierce competition in export of grains and a declining global farm economy. Louis. But the deal would pivot the 117,000-employee company more towards its farm-targeting business in agriculture chemicals, crop supplies and compounds that kill bugs and weeds.

Business

WH Ireland confirms Kuwaiti investors' stake amid expansion plans

It was also confirmed that as part of the transaction, group CEO Humphrey Percy will serve as a KEH group representative on the WH Ireland board, subject to regulatory approval. It appointed new senior management this year to shift away from a family office approach to become a dedicated investment company. It traces its roots back to 1872, when William Henry Ireland started stockbroking in Manchester.

Business

Deutsche Bank To Fight US Justice Department's $14 Billion Settlement Demand

Deutsche shares fell almost 8% after the US Department of Justice demanded it pay $14 billion to settle claims it mis-sold mortgage-backed securities before the financial crisis. Deutsche Bank suffered enormous selling pressure on Friday despite its claim that the USA demand was only an "opening position" and that Washington was asking for a counterproposal from the bank.

Business

Misbah-ul-Haq receives ICC Test Championship mace

Mr Richardson congratulated the Pakistan cricket team and Misbah, saying that the ICC Test Championship mace is a symbol of excellence and outstanding performance in the purest format of the game. "The next target we have set for ourselves is to finish as the number-one ranked Test side at the 1 April cut-off date". Pakistan had enough points to edge ahead of India, who slipped down to number 2 after their match against West Indies had to be called off due to wet outfield.

Business

Tesla Updates Autopilot To Avoid Accidents Like Recent Model S Crash

The guys from Tesla Motors' Autopilot technology have made a move to upgrade its vehicles' radar function following a crash reported months back. Earlier this year the 40-year-old died on a Florida highway while using the Autopilot, which features various systems such as Autosteer and Auto Lane Change.

Business

Yen weakens as BOJ pledges to keep policy easy to boost inflation

The announcements came after a summer review of the bank's monetary policy framework as it seeks to address fears the BoJ could be running out of options to stoke inflation in the world's third largest economy. For now, the central bank will continue to buy bonds at "more or less" the current rate of 80 trillion yen ($779 billion) a year. "That's is the political issue the government needs to tackle through structural reform and goes outside the reach of Gov.

Business

BOJ reboots policy to target interest rates, steps up inflation drive

CURRENCIES: The dollar slipped to 101.52 yen from 101.62 yen in the previous session. The Asian markets have made mostly a lower start led by the Japanese market, which is down by around half a percent as the yen strengthened for a third day amid the countdown to the Bank of Japan's policy statement.

Business

Feds want to regulate self-driving cars

It is commonly believed that fully autonomous vehicles requiring no human control at all will be on the roads by 2020. The Obama administration has encouraged companies such as Tesla, Google, Apple , Ford , and other automakers and suppliers, to provide innovative and safe technologies to the nascent self-driving technology arena.

Business

Lennar beats on the top and bottom lines

During the last trading session, the expensive price at which share traded, recorded at $44.95 and cheapest price at share trade was noted at $44.19. The firm has total debt to equity ratio measured as 1.10. SUPERVALU Inc. (NYSE:SVU) said that, it struggles to shore up its grocery operations, including Twin Cities market leader Cub Foods and its Save-A-Lot discount unit, are being hurt by competition and price deflation, executives said Thursday.

Business

Japanese traders cheer central bank policy tweeks

The Bank of Japan's policy statement said its short-term policy rate will remain at negative 0.1 percent. The U.S. central bank is widely expected to hold interest rates unchanged at 0.25 percent to 0.50 percent, and could hint at a rate hike by the end of the year.

Business

BOJ overhauls policy, sets yield curve target

Fed to conclude its meeting. A narrow majority of analysts surveyed by Bloomberg expect the BOJ to announce an expansion of its easing program, with details of a comprehensive review also due Wednesday that could set the future course for Japanese monetary policy.

Business

Japan stimulus shift stokes stock markets and weakens yen

KEEPING SCORE: Tokyo's Nikkei 225 reversed its early losses, gaining 1.8 percent to 16,784.98. The Australian dollar consolidated chunky recent gains at $0.7554 as the demand outlook for industrial metals for China continued to improve along with favourable tailwinds from emerging markets and currencies.

Business

Angelina Jolie files suit to end marriage with Brad Pitt

In the movies, though, their surface beauty was only a mask for the rot and boredom underneath. Brandi Glanville saw the news as an opportunity, posting the tongue-in-cheek tweet: 'PSA for all chicks Brad Pitt is officially single'. Brad Pitt declared to People magazine that he is very sad in this situation , but everything that matters now is their kids and he expects the press to give them the space they need until this is over.

Business

Bank of Japan alters policy to spur growth

Asian equities rallied buoyed by financial stocks. Hang Seng and Shanghai were also trading higher by 0.77 per cent and 0.23 per cent, respectively. Europe's STOXX 600 was up 1 percent in early trading with euro zone banking shares up almost 3 percent and poised for their best day in more than two months.

Business

Brazil's Petrobras cuts investments for 2017-2021 by 25%

Petrobras has been at the eye of a corruption storm upending Brazilian politics. The company said it could sell as much as $40-billion of assets over the next 10 years. The reduced capital investment will surely lower the future output. Petrobras's business plan calls for increasing oil production from 2.62 million barrels per day (bpd) to 3.41 million bpd by 2021.

Business

Court papers: Suspect vowed 'bombs will be heard' in streets

Twenty-nine people were injured in the Manhattan blast. Another bomb that exploded on the New Jersey shore did not hurt anyone but forced the cancellation of a Marine Corps charity race. But Bill Sweeney, who heads up the FBI's NY office, emphasized that there is "no indication that there is a cell operating in the area or in the city".

Business

Deutsche Bank: DOJ demanding $14B fine

Bank fears spread: In London, shares of Royal Bank of Scotland PLC RBS, -2.94% RBS, -1.15% fell 4.1% and Barclays BARC, -2.09% BCS, +0.45% dropped 2.1%. The DoJ had invited the bank to submit a counter-offer, it said. The publication said the bank's fine could exceed a $2.38 billion tab paid by Goldman Sachs earlier this year to settle similar allegations.

Business

Majestic Wine goes sour after profit warning

The wine retailer said it is now reviewing its commercial division - which sells directly to restaurants and pubs as well as advertising media companies in London - after seeing flat-lining sales put pressure on its profit margins in the first half.

Business

Strong sales lift 6-month profit for Spanish owner of Zara

Inditex said profit for the February through July period was 1.26 billion euros ($1.41 billion), compared with 1.17 billion euros for the same period past year. The company said all its brands expanded internationally, with 83 new stores opening in 38 countries over the first half, taking the total number of stores to 7,096.

Business

BOJ introduces yield curve control

The larger-than-expected slump in exports drove Japan's trade position into its first deficit - 18.7 billion yen ($240 million) - in three months. The Australian dollar is stronger against the Japanese yen and the U.S. "We won't hesitate to adjust monetary policy with an eye on economic and price developments". But it said that fostering the scale of "inflation expectations" that might encourage consumers and businesses to spend more was taking time.

Business

JGB yields rise after BOJ sets 10-year yield target

Banks stocks were among the big gainers as the bank held off pushing interest rates further into negative territory. Is there light at the end of the negative-rate tunnel for Japan? However, the central bank said it is adjusting its asset purchases to push long-term interest rates higher, a move that will help institutional investors like banks and insurers.

Business

USA stocks creep higher ahead of Federal Reserve meeting

Brent crude, used to price Global oils, advanced 58 cents to $46.46 a barrel in London. September 2016 three-year bond futures contract, was at 98.41 (1.59 per cent), up from from 98.4 (1.6 per cent). But in Paris, the CAC dipped 0.1 percent. Visit MarketWatch.com for more information on this news . CRUISING ALONG: Royal Caribbean Cruises added $2.38, or 3.6 percent, to $67.86 after the company raised its quarterly dividend to 48 cents from 37.5 cents.

Business

Bank of Japan tries something new

Financial markets gave the announcement an initial thumbs up with MSCI's broadest index of Asia-Pacific shares outside Japan extending its gains to be up 0.5 percent on the day compared to 0.23 percent earlier. "Overall, that does seem like an easing, but we really don't know if it will have the actual impact of an easing on the market, and it will take some time to find out", she said.

Business

Financials boost Wall Street ahead of Fed meet

After the BOJ decision, investors' attention will quickly shift to the Fed. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.


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