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Dutch authorities carry out raids in tax evasion probe

AMSTERDAM/ZURICH, March 31 (Reuters) - Credit Suisse's London, Paris and Amsterdam offices were contacted by local authorities over client tax matters, it said on Friday, after Dutch prosecutors said they had seized assets and arrested two people in an global hunt for tax evaders.

Business

Karan Johar shares image of twins' nursery

However, the babies were kept in neonatal intensive care unit of the hospital, given that they were reportedly premature babies. The photo of the nursery shows Gauri Khan bringing in a touch of the forest and cartoons in the most gender neutral baby nursery that has been seen.

Business

Trump approval for Keystone pipeline doesn't guarantee it'll be built

State Department for approval of the project. "The presidential permit for the Keystone XL is a welcome step forward to securing improved energy infrastructure in Nebraska and nationally, while also creating jobs and ensuring our energy independence", Ricketts said in a statement Friday.

Business

'You're trash': Investors hurl abuse at Toshiba managers after nuclear debacle

As part of its bankruptcy restructuring, the Pennsylvania-based company plans to stop installing reactors in order to focus on maintenance and design, a decision that throws into doubt the future of four reactors that are under construction.

Business

German inflation weaker than expected in March, state data suggest

Energy prices rose 7.3% over the year compared with a 9.3% previously as prices declined over the month. Inflation on tap: The key economic data release in Europe on Friday is the preliminary reading on eurozone inflation for March. In recent months, there has been pressure on rate-setters to consider reversing their stimulus policies as inflation went above target - albeit for one month - and growth has improved.

Business

Manafort Is Willing to Talk With House Committee, Nunes Says

House Intelligence Committee Chairman Devin Nunes was correct to take his information concerning reports of electronic surveillance of Trump Tower to the president, as he had no other choice, fellow committee member Rep. He said the committee's hearing on Monday demonstrates how important it is that these inquiries be conducted publicly. The decision to cancel the hearing prompted the panel's top Democrat to accuse Nunes of seeking to avoid bad further publicity for the White House after ...

Business

China says committed to Paris accord as Trump undoes US climate policy

He said the Paris deal has "not come easy", obliquely taking a swipe at Trump for quashing Obama's climate policies. You're going back to work. "I saw what they did with the state of the art facility that I worked on when I was governor in Wise County that was dramatically cleaner than facilities that were put online before", he said.

Business

Wall Street hits six-week low on doubts over Trump's agenda

US equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the USA healthcare system in a stunning setback for President Donald Trump. But some analysts and investors are hopeful the healthcare bill's failure will pave the way for quicker action on legislation deemed desirable by investors, namely tax reform.

Business

Meals on Wheels Could Be Cut Under Trump's Budget Proposal

President Donald Trump's proposed budget did outline a number of cuts that, if they go through, will affect some of the nation's meal programs. It's not clear exactly how much of a financial effect the cuts would have. But officials say they still have three or four new seniors who apply for Meals on Wheels help every day. In other words, Meals on Wheels is more than just about delivering a meal.

Business

Merkel party wins state vote as election year starts

But in the end the CDU actually bested its performance compared to the last election in Saarland in 2012, when it was the top vote-getter at 35%. Two more state elections in May will be followed by a national parliamentary election on September 24 in which Merkel is seeking a fourth term as chancellor.

Business

Ivanka Trump to receive West Wing office and access to classified information

Ivanka Trump is reportedly getting an office in the White House, but is not assuming an official role. She will adhere to the ethics rules for government employees as well, but she won't be collecting a paycheck. "She has no skin in the game other than, 'I'm giving you my point of view because I love you Dad and I want you to be successful, and you need to listen to me, '" Tom Barrack said.

Business

Westinghouse Bankruptcy Caused by Nuclear Power Plant Cost Overruns

The filing affects Westinghouse operations in the Charlotte area and could produce losses for area creditors. The companies planned an investor call later Wednesday. Westinghouse and Toshiba are working with the owners of the two USA nuclear power projects to come up with plans to continue construction "during an interim period", the Japanese firm said.

Business

Westinghouse files for bankruptcy protection

Westinghouse Electric Co., a major player in global nuclear construction, filed for bankruptcy protection on Wednesday, its Japanese parent Toshiba Corp . Toshiba said the bankruptcy would not affect Westinghouse's United Kingdom operation, which employs more than 1,000 workers. The company said the bankruptcy does not affect its operations in Asia, Europe, the Middle East and Africa.

Business

Hong Kong protest leaders arrested in wake of election

The leader of this semiautonomous Chinese city of 7.3 million is chosen by just 1,194 electors, a lot of them business and political figures who have close ties to Beijing. They include the disappearance in 2015 of five Hong Kong booksellers known for publishing salacious titles about China's political elite. Rebel legislator Nathan Law, who as a lawmaker has an automatic vote, said he would enter a blank ballot.

Business

United Kingdom house prices fall for first time in nearly two years

The year-on-year increase in house prices eased to 3.5 percent from 4.5 percent. Across the United Kingdom generally, house prices increased by 3.5% annually in March, slowing down from a 4.5% annual increase in February. While Nationwide doesn't provide a detailed breakdown across the country, it said the picture was "mixed" across various regions. Prices in the south of England grew slightly faster than in the north, while conditions remained subdued in Wales and Scotland, and Northern ...

Business

Gramercy Property Trust, Inc.'s (GPT)

Rehmann Capital Advisory Group now owns 13,477 shares of the real estate investment trust's stock valued at $130,000 after buying an additional 1,610 shares in the last quarter. This represents a $3.00 annualized dividend and a dividend yield of 3.73%. On 9/12/2016 Camden Property Trust announced a special dividend of $4.25 3.55% with an ex dividend date of 9/21/2016 which will be payable on 9/30/2016.

Business

Arabs to back Mideast talks if Palestine state guaranteed

The initiative also failed to include land swaps for areas of the West Bank inhabited by Israeli settlers, which lay beyond the pre-1967 boundary, a condition Israel says is a pre-requisite for any peace deal. The Arab states declared their willingness to "continue to work to relaunch serious Israeli-Palestinian peace negotiations" based on their longstanding framework.

Business

Self-driving Ubers back in action in SF following Arizona crash

Cars without drivers have resumed service Monday in San Francisco and will soon do the same in Tempe, Arizona and Pittsburgh, the three cities where they are now in circulation, said a spokesman for Uber to AFP. From what we hear, Uber's auto was driving at a high speed and flipped on to its side following a crash. The crash resulted in one vehicle being dented and another one toppled to its side, as seen in the picture above which flooded Twitter late Friday night.

Business

Your Browsing History Is On Sale

In addition to repealing the previously-enacted rules, the resolution prohibits the FCC from passing any new privacy restrictions to protect users. But broadband providers said the rule favored certain companies. "Click through that privacy policy, figure out what the collection processes are, and either change your preferences from within that website, or decide you're going to take your business elsewhere, that's still an option for consumers", Luehr said.

Business

Wait for the tax cuts (for rich) to come from Freedom Caucus

JOE BARTON: We are not an independent group. President Donald Trump blasted the House Freedom Caucus on Thursday, threatening to back challengers to members of the conservative group that helped block the GOP healthcare bill last week. If Republicans do revive a health-care bill, that would be a shift from last week, when Trump said the party would move on to other issues, including a tax overhaul, after the long-awaited bill was pulled 30 minutes ahead of a scheduled floor vote.

Business

Ofcom caps price for most popular fast broadband

United Kingdom communications regulator Ofcom said it plans to cut the price BT's Openreach can charge telecoms companies for access to its broadband network by up to 40 percent, one of a number of proposals that aim to spur competition and accelerate investment in fibre.

Business

USA stocks close higher, Dow breaks 8-day losing streak

The Dow Jones Industrial Average ended an eight-session string of losses, with gains of 0.7%, while the S&P was up the same amount following a flat showing yesterday. German benchmark DAX index at Frankfurt Stock Exchange jumped 1.28 percent, while British benchmark FTSE 100 Index gained 0.68 percent. The energy sector gained 1.2%, leading all sectors, supported by stronger oil prices .

Business

Toshiba's Westinghouse to file for Chapter 11

Toshiba first alerted investors to the financial difficulties earlier in the year, but NuGen issued reassurances at the time that the project was still on track on the basis that Toshiba hoped to sell its majority stake in Westinghouse .

Business

AT&T pulls some of its Google ads over extremist videos

The Government has already suspended its advertising on YouTube after some public sector ads appeared next to videos carrying homophobic and anti-Semitic messages. "We have always said Google , Facebook and others are media companies and have the same responsibilities as any other media company", company founder Martin Sorrell tells Reuters .

Business

S. Korea ex-leader arrives at detention center

Park had appeared for her hearing on Thursday morning and then awaited her verdict in a temporary detention room at the prosecutors' office. The court observed that Park's major criminal allegations could be justified and concerns remained over a possibility of her destroying evidence.

Business

Stocks Trend Analysis: Tesla Motors, Inc. (TSLA), Applied Materials, Inc. (AMAT)

The median estimate represents a -13.48% increase from the last price. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. The stock traded with the volume of 3.67 Million shares in the last trading session. The Moving Average SMA50 is 7.99% while SMA200 is 25.76%. The stock's 50 day moving average price is $260.70 and its 200-day moving average price is $222.10.

Business

Israeli police arrest teen for bomb hoaxes

Galit Bash, the suspect's defence attorney, said a medical condition was the root of problem. Israeli media identified the 19-year-old as an American-Israeli dual citizen and said he had been found unfit for compulsory service in the Israeli military.

Business

Trump lays into members of House Freedom Caucus after failed healthcare bill

House Speaker Paul Ryan says he has no interest in working with Democrats on getting health care legislation passed, disputing a suggestion by the White House to reach across the aisle and bypass conservative House Republicans. "He had told me that like, a whistleblower-type person had given him some information that was new that spoke to the last administration and part of this investigation", Ryan said .

Business

Could possible bankruptcy hurt ongoing Midlands nuclear project?

But some older nuclear plants are being shuttered and the four nuclear reactors Westinghouse is helping to build in SC and Georgia are behind schedule and billions of dollars over budget. "They intend to withdraw from the USA nuclear business entirely". Further, there is a high probability that the filing will not prevent the Japanese company from ending fiscal 2016 - the year through Friday - with a negative net worth.

Business

Analysts Update Their Price Target On Johnson Matthey PLC (JMPLY)

The analysts offering Earnings Estimates for the company were believing that AstraZeneca PLC (AZN) could bring EPS of $0.59/share. Aa PLC has 609,000,000 shares now held by shareholders which now trade around the 262.2 mark which totals Aa PLC's market capitalisation to 1.60B GBP.

Business

House Leaders 'Came Up Short' In Effort To Kill Obamacare

Orrin Hatch (R-UT) said when asked about the next steps on health care. "I can't see how they achieve that". "We may have to move out ourselves if they don't". The American Health Care Act would have preserved some aspects of Obamacare, including the provision allowing for children to stay on their parent's health care plan until the age of twenty-six, and ensuring that those with pre-existing conditions can not be refused coverage.

Business

Aa PLC (LON:AA) Issued With 'Underperform' Rating At Jefferies & Co

The rating was initiated by Guggenheim with "Buy" on Wednesday, January 18. The firm earned "Sell" rating on Thursday, October 8 by UBS. Among 3 analysts covering Non-standard Finance Plc (LON:NSF), 3 have Buy rating, 0 Sell and 0 Hold. It has a 35.35 P/E ratio. The Company's principal business is the operation of the rightmove.co.uk Website. 179,518 shares or 241.18% more from 52,617 shares in 2016Q3 were reported.

Business

Paul Ryan against Trump working with Democrats to fix health care

Labrador responded to the earlier tweets on Thursday by defending the Freedom Caucus, many of whose members were early supporters of Trump. There have been rumors, but there is no official word that the House will revive the Health Care Bill and present it again for approval.

Business

China manufacturing expands in March

China's manufacturing sector saw activity climb to the highest level since 2012 in March as an official gauge showed factories ceased shedding jobs for the first time in almost five years and a previously severe contraction at smaller enterprises softened markedly.

Business

Toyota Motor Corporation (NYSE:TM) from Auto Manufacturers - Major - Todays Top Gains

Want to see what other hedge funds are holding F? The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.


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