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German business confidence rises to 6-year high

The Ifo report showed that a measure of current economic conditions in Germany improved to 119.3 from 118.4. The score was also well above the expected score of 117.9. The business climate index in the construction sector strengthened in March as their assessment of the current business situation reached the highest level since 1991.

Business

Australia in deep trouble in fourth India Test

Earlier today, India came out all guns blazing at the beginning of the day with Ravindra Jadeja taking the attack to the Australian bowlers. Later, an exemplary bowling performance by India saw Australia bowl out in their second innings for 137, leaving the home side a modest target of 106 to win the match and the series.

Business

California fuel standards to get critical review

The new pollution standards will likely set up a standoff between federal and state regulators, with almost a dozen other states supporting California's revised 2022-2025 standards. Though, the Trump administration so far says it's not about to get into this fight. ARB stated its intent to continue participating in the U.S. Environmental Protection Agency ("EPA") process and to argue for continued emissions reductions supported by the evidence and data.

Business

Redrow withdraws from Bovis takeover offer

Flintshire-based Redrow had been competing against rival suitor Galliford Try, whose initial all-share proposal was also snubbed by Bovis. Earlier this month, Bovis rejected bids from both Redrow and Galliford Try (GFRD.L) but said it remained in talks with the latter, and also saw a viable future as a stand-alone firm.

Business

Australian beef industry wins better access to lucrative Chinese market

TIA Chief Executive Chris Roberts has welcomed today's announcement by Prime Minister Bill English that 2019 will be the China-New Zealand Year of Tourism. Regional security will also be discussed as Australia, which has supported USA -led freedom of navigation activities in the region, seeks to reduce tensions in the South China Sea.

Business

Traders Watch list Duluth Holdings Inc (NASDAQ:DLTH), Viewray Inc (NASDAQ:VRAY)

Shares of Viewray Inc (NASDAQ:VRAY) inclined 5.03% to $7.52. Franklin Resources Inc. now owns 633,658 shares of the company's stock worth $16,095,000 after buying an additional 368,434 shares during the period. They now have a hold rating on the stock. The stock's 50 day moving average price is $21.12 and its 200-day moving average price is $26.36. According to their observations and findings, the stock could provide a high EPS of $0.14/share and a Low EPS of $0.13/share.

Business

(CHK) Now Covered by Stifel Nicolaus

The stock went down -29.39% at some stage in past quarter. The company's growth for the past 5 years has been at -17.19 percent. The company's year to date (YTD) performance is at -24.64%. Consensus rating is in between 1-5. BlackRock Fund Advisors now owns 11,465,865 shares of the oil and gas exploration company's stock worth $71,891,000 after buying an additional 553,434 shares in the last quarter.

Business

House GOP Envisions Big Tax Cuts, Some Government Cuts

Davids, the chair of the House tax committee, said he didn't want to go after Dayton's past tax increase on the wealthiest in the state because he wants a tax bill the governor would be willing to sign. They say that means no tax increase is needed. While some slices of what will become a $45 billion-plus budget materialize, the biggest - and perhaps most controversial - chunks are yet to come.

Business

Mirim Lee hits 7-under to win LPGA Kia Classic

Lee tied the tournament record set by Cristie Kerr in 2015 and took home the prize of 270-thousand USA dollars. The Canadian missed the cut for the first time since the NW Arkansas Championship last season. She made another bogey at the par-three sixth before her hot finish. She three-putted to fall to two-over par, but with 71 players at one-over par or better, her status remained uncertain until all players completed their round.

Business

SoftBank calls for a Snapdeal-Flipkart combine

The deal if it is clinched would be biggest consolidation exercise in the $8 billion Indian e-commerce industry. A report in the Times of India said today that SoftBank was likely to invest $1.5 billion (Rs 9,700 crore) or 15 per cent stake in the merged entity.

Business

Indian airline bars Hindu nationalist lawmaker after shoe attack

Air India had first cancelled his ticket for the same on a 4 pm flight on Friday after he got into an argument and hit a staffer on Thursday. State-run Air India and members of the Federation of Indian Airlines have made a decision to ban the MP from all their flights with immediate effect, and sought the government's support to enforce a "no-fly" list, they said in a statement on Friday.

Business

Apple unveils updated iPad with lowest-ever price

The new iPhone 7 and iPhone 7 Plus red variants will be available in India from April, with Apple announcing Rs. 82,000 price tag for the 128GB Red iPhone 7 Plus. The new feature, along with extra iMessage features released in recent years, pushes Apple closer to competing with the features in social networking apps like Snap Inc.

Business

Republicans target New York state in health care bill

The Senate minority leader said the GOP's replacement of the Affordable Care Act is a "modern-day Trojan horse" that will deprive over a million upstate New Yorkers of health care coverage, including seniors, children, individuals with disabilities and those receiving treatment for opioid addiction.

Business

Tesla Prepares For Model 3 Launch

Elon Musk and Tesla have raised $1.2 billion (all figures USD) in preparation of the launch the new Model 3 . Tesla's Model 3 was on track to begin production in July, with output gradually ramping up to 5,000 vehicles weekly by the end of this year, according to executives.

Business

Uber suspends self-driving vehicle tests after crash in Arizona

Josie Montenegro. Uber Technologies Inc [UBER.UL] suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.

Business

Australian prime minister won't choose between China and US

Their bilateral trade reached some 108 billion USA dollars past year. The economic importance of China, Australia's largest trade partner, seems to have grown after Prime Minister Malcolm Turnbull's controversial phone call with US President Donald Trump that affected relations between the two countries.

Business

Oil prices rise on talk that OPEC could extend supply cut

The American Petroleum Institute said on Tuesday that US inventories climbed by 4.5 million barrels to 533.6 million last week, outpacing analyst forecasts of 2.8 million. "Crude oil prices fell as concerns over rising US inventories resurfaced", ANZ bank said on Wednesday. The more-actively traded May contract dropped as much as 1.1%.

Business

Mnuchin: Automation `not even on our radar screen'

If anything, Mnuchin said , robots might take some jobs, but they would end up making the overall economy stronger if the people who they displace receive the training required to move into higher-skilled positions. Mnuchin doesn't seem to have been joking. "It's 50-100 more years" away. "Quite frankly, I'm optimistic - that's what increases productivity". After a brief chat on Mark Cuban's own thoughts on the matter, the treasury secretary was asked how artificial intelligence would ...

Business

Spotify acquires an app that help viewers figure out what to watch

Music service Spotify has acquired MightyTV, a specialist in the use of machine learning for personalised TV recommendations. While Spotify has on-boarded the complete MightyTV team, the most significant addition to the team will have to be the founder Brian Adams .

Business

Earnings Reaction History: Conagra Brands, Inc

The forecast of 9 surveyed investment analysts covering the stock advises investors to Buy stake in the company. On average, equities research analysts expect that Conagra Brands will post $1.70 EPS for the current fiscal year. and global trademark & copyright legislation. Conagra exited the fiscal third quarter with cash and cash equivalents of $683.6 million, lower than $798.1 million recorded at the end of fiscal 2016.

Business

Big Brother Naija: Bassey Gets Evicted

Efe , TBoss and Debie Rise were saved by Big Brother. "She says that everyday, so she should be strong". ThinTallTony was last week evicted from the reality show. As predicted by TBoss and Debie-Rise earlier in the evening, the clique - Bally , Bisola, Efe and Marvis nominated the two of them, while they nominated Marvis and Efe .

Business

Amtrak train derails in Chicago, no injuries reported

Amtrak spokesman Marc Magliari says he has received no reports of any serious injuries from the Monday morning derailment. The Amtrak train carrying 197 people was arriving at Union Station when three cars jumped the tracks in the 1400-block of South Lumber Street at an Amtrak Rail Yard.

Business

American Airlines in negotiations to buy stake in China Southern

The negotiations are over "a possible major strategic cooperation with American Airlines Inc involving, among others, proposed issue of shares of the company and other business cooperation", China Southern said in an exchange filing on Sunday.

Business

Trump says Ford investing in 3 MI auto plants

According to earlier reports , Ford was expected to invest in its MI assembly plants in Wayne and Flat Rock, as well as the Romeo engine plant. The vehicle company's investment is expected to create at least 700 new jobs. At the 2015 Ford-United Auto Workers contract, the company officially announced that it would invest $700 million at the said facilities. "Major investment to be made in three MI plants", Trump tweeted .

Business

Turkish Airlines finds a way to work around electronics ban

The British ban applied to any device, including smartphones, larger than 16cm long, 9.3cm wide or 1.5cm deep. The ban, largely mirroring the United States version starting on Friday, will affect direct flights to the United Kingdom from Turkey, Egypt, Tunisia, Lebanon, Jordan and Saudi Arabia from Saturday.

Business

Investor Watch-List Stock: HTG Molecular Diagnostics, Inc.'s (HTGM)

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.36 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

Business

Trading Notes on The Coca-Cola Company (NYSE:KO): Active Stock Recap

ETRADE Capital Management LLC now owns 48,491 shares of the company's stock valued at $2,052,000 after buying an additional 20,828 shares during the last quarter. This represents a $1.48 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, March 13th. DIAM Co. Ltd. boosted its position in The Coca-Cola by 22.5% in the third quarter.

Business

Powerful cyclone slams into Australia's tropical northeast

Debbie , which hit the mainland north of Airlie Beach at midday on Tuesday, brought Bowen, Airlie Beach, Proserpine, the Whitsundays and other far north communities to a standstill as everyone bunkered down for the category four cyclone. Queensland Fire and Emergency Services Deputy Commissioner (Operations and Emergency Management) Mark Roche said a good understanding of the damage would be unlikely before Wednesday morning.

Business

KAZ Minerals PLC (KAZ) Rating Reiterated by Citigroup Inc

Liberum Capital has "Sell" rating and GBX 800 target. The firm has "Buy" rating by AlphaValue given on Thursday, August 20. Jefferies Group LLC restated a "buy" rating and issued a GBX 6,600 ($82.95) price target on shares of Shire PLC in a research note on Thursday, January 5th.

Business

Trump trade doubts send dollar, shares tumbling

And the depressed mood looked set to continue on Wall Street, with U.S. stock index futures falling 1 per cent to a six-week low. "The markets around the globe are falling as a rethinking of the "Trump Trade" begins to focus on reality", Peter Cardillo, chief market economist at First Standard Financial in NY, wrote in a note.

Business

Tesco Faces $295 Million Charge Over UK Accounting Scandal

The DPA means the grocer will avoid prosecution as long as it "fulfils certain requirements", including paying the fine. As a result, the FCA does not propose to impose a financial penalty on either Tesco Stores Limited or Tesco plc. The FCA redress scheme will be open to any investors who bought shares or bonds in Tesco on or after 29 August 2014, and who still held the shares when Tesco issued its corrective update on 22 September 2014.

Business

NY Federation: Republican Health Care Bill 'Potentially Disastrous'

Tensions with key allies such as Germany, Britain and Australia are high, and Trump's approval ratings are at historic lows. "The defeat of the disastrous Trump-Ryan health care bill is a major victory for the working families of this country and for the hundreds of thousands who attended rallies and town hall meetings in opposition to this bill".

Business

Opec considers extending output cut by 6 months

Oil minsters for the three countries commented on Sunday, a day after Algeria's Energy Minister Noureddine Boutarfa called for an extension because he said the strategy is succeeding in paring global inventories. "The cuts by Opec, Russia and others have not produced the kind of reductions in supply that had been anticipated by this stage". Some of the deal's most non-compliant members - Iraq, the UAE and Kazakhstan - were invited to Sunday's meeting to explain their output levels.

Business

Donald Trump Spent the Weekend at His Golf Club

Trump headed back to the White House after his Saturday meetings, and later had dinner at Trump International Hotel nearby. The president's presence at the Trump National Golf Club wasn't a secret. The news organisation, which is one of the few media outlets to support the controversial president, whose approval ratings are at a historic low for a new president, shared the weird update yesterday.

Business

World's Press Calls on President Trump to Stop Targeting Media

Trump's first visit to a golf course since becoming President was on February 4 at the Trump International Golf Club in Florida. "Combined with the exclusion of selected news outlets from a recent White House press briefing, we fear that the overall climate for media freedom now being fostered by your presidency seriously jeopardises the on-going ability of a free press to hold power to account in the United States".


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