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How Stronger Economic Indicators Fueled Rate Hike Speculation

Banks benefit from higher interest rates, which can boost margins. The dollar index, which measures the currency against a basket of six majors, rose as high as to 96.255, its highest since August 9, before falling back to 96.005, marginally down on the day.

Business

Owen Smith Won't Oppose Another Referendum On Scottish Independence

At a recent meeting of Walthamstow Constituency Labour Party, members voted 2:1 in favour of Mr Corbyn over rival MP Owen Smith. This would see an increase from 59 per cent Corbyn managed to attain in the leadership battle in 2015, where he saw off Andy Burnham, Yvette Cooper and Liz Kendall, making him a surprised victor from the radical left-wing.

Business

Ford Motor says United States auto sales to weaken further in 2017

GM's chief economist also played down the figures, as he affirmed that the industry was still set for a record year. However, GM's retail sales fell about 5 per cent, in line with its wider total sales decline. General Motors sold 256,429 cars during the period, down 5.2% from the same period past year. General Motors and Ford Motor posted USA sales declines in August as the industry cooled off, fueling a growing perception that the auto industry topped out in late 2015 and early 2016.

Business

US Factory Activity Shrinks for First Time in 6 Months

European manufacturers also reported growth in August, though at a slightly weaker pace than the previous month. A strong dollar had also lowered overseas sales and made imports cheaper. The drop in orders likely reflects cutbacks by USA businesses and consumers, which could prove temporary. "It's just not consistent with where we've been for the past five months".

Business

Tech giant Apple to fight record European Union tax bill

Because the countries are small, they gain from even small amounts of tax on multinationals' huge revenues. The EU ruling raises the hard question of how to fairly tax multinationals - in their home country, where the bulk of their goods are developed, or in the countries where the goods are sold.

Business

China slams Japan for sowing discord with Africa

Akinwumi Adesina, President of the African Development Bank; and Mr. Shinichi Kitaoka, President of JICA. Abe admire Kenya products exhibited at the TICAD VI during a tour of exhibitions at the Kenyatta International Conference Centre (KICC).

Business

The Commercial Real Estate Risk Pushing the Fed to Raise Rates

Spot gold edged up 0.2 percent to US$1,313 an ounce after tumbling to as low as US$1,308.65 on Tuesday, its lowest since late June, pressured by the stronger dollar and growing expectations of higher USA rates. In late Tokyo trading, players found it hard to build fresh positions ahead of the release later in the day of the Automatic Data Processing Inc.'s U.S.

Business

Janatha Garage Movie Review Ratings Public Response Starring Jr. NTR & Mohanlal

The Overseas audience are happy with " Janatha Garage ", the first half of the movie is okay and coming to the second half, its terrific and mind blowing with high-octane action scenes, which has made " Janatha Garage " great hit. Mohanlal and Junior NTR's Telugu film " Janatha Garage " will have a grand release in the US, UK, Dubai, and Australia on September 1st. Here is the public talk, audience review on Janatha Garage from theaters.

Business

CENTCOM Commander Praises Navy Professionalism in Iranian Confrontations

He said the risky confrontations "can lead to situations where we may not be able to deescalate in a time before something happens". "Iran's actions here in the Arabian [Persian] Gulf are unlike anybody else". The Quds Force is the elite extra-territorial special forces arm of Iran's Revolutionary Guards, which reports directly to Iran's Supreme Leader, Ayatollah Ali Khamenei.

Business

Gay blood ban: Lifetime prohibition on donations lifted

The lifetime ban has been replaced by a 12-month deferral period, meaning that men wishing to donate blood will have to avoid sleeping with another man for a year. LGBT group the Rainbow Project has welcomed the removal of the lifetime ban but said the deferral policy means only a handful of men will still be able to donate blood.

Business

Wal-Mart Stores, Inc. (NYSE:WMT) , Pandora Media, Inc. (NYSE:P)

The trading began at US$101.2 but the price moved to US$99.92 at one point during the session and finally capitulating to a session high of US$101.33. "0" brokerage firms have issued "Sell" rating for the company and "Strong Sell" rating was issued by "2" brokerage firms. They now have a United States dollars 81 price target on the stock.

Business

Tokyo shares open mixed

The euro was steady at US$1.1157 (RM4.56). It still gained more than 7 per cent for the month. They are also pricing in a 55 percent chance of a hike by the end of the year. "Most investors seem to be happy seeing the dollar trading around 103.50 level", said Kazuhiro Takahashi, equity strategist at Daiwa Securities. On Thursday, the dollar was down 0.2 percent at 103.20 yen, after rising as high as 103.54, its highest since July 29.

Business

Point Guards That Could Replace Mo Williams

According to Cleveland.com's report , if the Cavs let go of Williams before August 31, they can pay him his 2016-17 season salary for three years and this will decrease the tax they need to pay, which is of big help to the organization since it has yet to sign free agent guard J.R.

Business

President Obama says Lake Tahoe is proof man can control climate change

Scientists believe an array of factors such as storm-water runoff, auto traffic and nearby construction have fueled the loss of clarity in the alpine lake, leading to major investments over the last 20 years by Congress, private groups, local authorities and the states of California and Nevada.

Business

First US commercial flight lands in Cuba in 50 years

Kavulich, president of the U.S. -Cuba Trade and Economic Council, told The Times . "The infrastructure wasn't ready for the avalanche of interest, whether it's American travelers, Chinese travelers, Canadian travelers". The first commercial passenger flight from the United States to Cuba in more than half a century arrived in the central Cuban city of Santa Clara on Wednesday.

Business

Kia takes the wraps off new Rio hatch

This latest generation of the Kia Rio has been a collaborative effort between the company's three design centres in California, Germany and South Korea. Inside the new Rio there's a simplified dash with a new, more ergonomic design, with the dashboard adding visual width, and aimed at the driver, with a new infotainment system featuring a "floating" (plonked on the dash rather than integrated) touchscreen for audio, Nav and connectivity.

Business

EU tax ruling 'maddening' - Apple boss Tim Cook

So said Apple CEO Tim Cook of the landmark ruling that his tech company must pay the Irish state €13bn in back taxes. He added: "I think both parties feel like the decision is wrong, is not based on law or facts". She said it's now up to Ireland to recover the amount. Cook said he would fight closely with Ireland to overturn the ruling, which he said had "no basis in law or in fact".

Business

Pernix Therapeutics Holdings (PTX) Shares are Down -20.65%

In Pernix Therapeutics Holdings Inc (NASDAQ:PTX)'s most recent quarter, EPS moved to $-0.32 from $0.13 in prior quarter and revenues reached at $126.08M versus $153.03M. The Company holds 94.44 million shares outstanding. The company recorded a trading capacity of 1.28 million shares below its three months average daily volume of 2.04 million shares.

Business

Young girl pulled alive from earthquake rubble in Italy

The schoolgirl, named Giulia, was rescued late on Wednesday amid cheering but 90 percent of the quake victims are being pulled out dead from beneath the rubble, according to rescuers. At the same time, the country has countless picturesque medieval villages but its anti-seismic building codes aren't applied to old buildings and often aren't respected when new ones are built.

Business

Turkey may lose confidence in the U.S., Foreign Minister says

Later in the day, Turkish jets struck four buildings in Kuliyeh and nearby Zaghrah, killing some militants, Turkish military officials said. Turkish Foreign Minister Mevlut Cavusoglu briefed Lavrov in a phone call on the progress of the Euphrates Shield operation to clear Syrian town of Jarabulus of the Islamic State jihadist group, outlawed in Russian Federation.

Business

Apple CEO says European Union tax ruling 'total political crap' - Irish Independent

Chancellor, Philip Hammond has previously suggested that reducing corporation tax could be an option to attract companies to the UK. That helps them lower their overall tax bill. The General Court will then schedule an oral hearing that will last at most a day, Berrisch said, and will consist entirely of oral argument, like a case heard by an appellate court in the U.S.

Business

Zakir Naik's NGO has one financial anomaly

The legal opinion is understood to have conveyed to the Home Ministry that Naik's statements in different forums allegedly promoted enmity and hatred between religious groups and inspired and incited terrorists. But he rejected charges that his sermons inspired terror activity, claiming that he never encouraged anyone to kill innocent people. Mr. Naik is in Saudi Arabia and is expected to return at the end of this year.

Business

How Mylan could actually boost profits from its generic EpiPen

In a statement, the company said , " Mylan will continue to offer both - generic and brand - options for patients so that they can work with their healthcare provider to determine the best option for them". The letter asked the company to provide a briefing by September 6, and documentation on Mylan's profits from EpiPen sales by September 12. To avoid the tax headaches for its top executives, Mylan accelerated $32.5 million in executive compensation for its leadership team and then ...

Business

Apple expected to release a new iPhone next week

Apple iPhone 7 pictures have been leaked to fans across the world. The Lightning port will now have a faster charging capability according to rumours along with an inbuilt DAC for Hi-Res digital audio out for those headphones that support it.

Business

Happy 10000th, President Obama! Syrian refugees arriving in America, that is…

Critics in Congress of Syrian refugee resettlement worry about the rapid increase, the Times reported. "On behalf of the president and his administration, I extend the warmest of welcomes to each and every one of our Syrian arrivals, as well as the many other refugees resettled this year from all over the world".

Business

Zacks Rating on Campbell Soup Company (CPB)

Campbell Soup Company (NYSE:CPB) remained bullish with an increase +0.65% putting the price on the $60.82 per share in last trading session ended on 8/18/2016. 01/15/2016 - Campbell Soup Company was downgraded to "underweight" by analysts at Barclays. Zacks Investment Research ranks Campbell Soup Company (CPB) as 4, which is a Sell recommendation.

Business

Jimmy Butler a gold medalist as United States men's basketball team tops Serbia

Team USA came out firing in the second half, led by Kevin Durant . Milan Macvan led Serbia with five points after a quarter. By halftime, the US had extended their lead to 23 points. The win was the last with Mike Krzyzewski as head coach. At the very least, American basketball's relationship to the rest of the world is a symbiotic one that has resulted in massive transformations on both sides over the years.

Business

Conservative MP calls for Swedish-style boardroom reforms

Phips, who began his professional life at McKinsey before launching a number of start-ups and who entered parliament past year, warned that listed companies had become effectively "ownerless". Many fund managers do not behave or think like owners, because they are borrowing stock rather than investing in it. A clear effect of poor shareholder oversight is that total CEO pay in the United Kingdom has rocketed and now stands at around £6 million per year on average - or 150 times average ...

Business

Earnings Drop 7% In Q4

While the average per share annual dividend that has been paid for the last 10 fiscal years stands at $0.312, Campbell Soup Company (NYSE:CPB) has also paid annual dividend of $0.312. Average EPS forecast for the current year is $2.97 according to 17 analysts making projections for Campbell Soup Company (NYSE:CPB). Finally, Credit Suisse Group AG restated a "sell" rating and set a $60.00 target price on shares of Campbell Soup in a report on Thursday, July 28th.

Business

Obama To Quadruple Hawaii Monument, Creating World's Largest Protected Marine Area

With Friday's action, a total of seven presidents - starting with Theodore Roosevelt in 1909 - have taken steps to safeguard part of the archipelago, which is one of the most biologically diverse areas of the world. Researchers in Hawaii have discovered three probable new species of fish while on an expedition in the protected waters of the Papahanaumokuakea Marine National Monument .

Business

Israel approves 284 new West Bank housing units, draws United States ire

According to Washington's count, so far this year Israel has promoted plans for the construction of over 2,500 units which include over 700 units that were retroactively approved after being erected in the West Bank. White House spokesman Josh Earnest called the approvals a "significant expansion of settlement activity" and said the development "poses a serious and growing threat to the viability of a two-state solution" to the Israeli-Palestinian conflict.

Business

Apple says several billion dollars set aside for USA taxes

The European Commission rejected on Thursday Apple's criticism that an EU order to the company to pay back taxes to Ireland was political, noting the calculations were based on facts and Apple's own data. By contrast, Cook estimated Apple's average annual tax on its global profits at 26 percent. But it did not agree a position, and will meet again on Friday to decide whether to appeal against the determination of the Commission.

Business

N Korean VP who slouched in parliament executed

Kim Yong Jin was promoted to vice premier in 2012 after serving as education minister, according to a South Korean government database on key officials of the North. Kim Yong Chol was banished at a rural farm for about one month between mid-July and mid-August because of alleged highhanded attitudes and attempts to expand his United Front Department's authority too much, according to the South Korean official who spoke about Kim Yong Jin's execution .

Business

New Marquette Law School Poll shows gap between Clinton, Trump narrowing

The Monmouth survey of 404 likely Wisconsin voters was conducted August 27th through 30th and has a margin of error of plus or minus 4.9 percentage points. As ABC notes, come November, "the high unfavorable ratings may mean that voters will be more motivated by their opposition to the candidate they dislike the most rather than their support of any candidate".

Business

Apple CEO says to repatriate 'several billion dollars' to United States next year

The battle lines are forming on both sides of the Atlantic. The White House came out in defense of Apple this week, arguing that the European Union does not have the authority to act unilaterally in the case, and that the decision could harm American taxpayers if Apple deducts its Irish tax bill from the amount it owes the IRS.


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