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One Belt and One Road initiative is good for Africa - Amb. Kayonga

On the concluding day of the two-day One Belt and Road (OBOR) summit being held here, China said Monday that India will have a very "small role" to play should it ever decide to join the initiative in the future. "It must not be politicized", he said here on the opening day of the event. Mr Putin and other leaders at the summit praised Mr Xi's project. "No country can accept a project that ignores its core concerns on sovereignty and territorial integrity", India's foreign ministry ...

Business

White House denies report Trump shared intel with Russia

According to The Washington Post , he was doing this in an offhand, bragging way, saying, I get the best intelligence, I get great intelligence. The highly classified information included details about an Islamic State threat related to laptop computers on aircrafts, according to the Post.

Business

Green vote helped NDP more than Liberals, says UBC prof

Richard Johnston, a political scientist at the University of British Columbia, said he doesn't expect negotiations on the possible framework of a minority government to start until after the final results are known. The B.C. Liberal party has been in power for 16 years and is attempting to build on four straight majority governments by running on the party's record of economic growth and financial stability.

Business

Rite Aid Corporation (NYSE:RAD) Under Analyst Spotlight

One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases.

Business

Home Depot Bucks Retail Trend, Scores Earnings Beat

Looking back, HD reported its fourth quarter results bright and early at 6:00am ET, and will likely do so again this time around. Charter Trust Co.'s holdings in Home Depot were worth $2,783,000 as of its most recent SEC filing. For the last period, the company reported quarter over quarter EPS growth of 23.70% and quarter over quarter sales growth of 5.80%. The Return on Equity ratio of The Home Depot, Inc .

Business

Interserve plc 1.6% Potential Decrease Indicated by Liberum Capital

The SI to Xencor Incorporated's float is 5.75%. This is -5.81% from the last stock close. It has underperformed by 9.75% the S&P500. The shares were sold at an average price of GBX 1,720 ($22.25), for a total value of £989,378.40 ($1,279,589.24).

Business

Oldfield Partners LLP Cuts Stake in Hewlett Packard Enterprise Co (HPE)

This means instead of a silicon chip at the heart of the computer, "we are putting data at the center", the researcher said. This year, however, share price returns have been negative as the stock has fallen over 14% since the start of 2017.

Business

Arsene Wenger reveals Alexis Sanchez doubtful for Arsenal's game with Sunderland

The Gunners remain three points behind Man City in fourth spot with two games each to play and host already-relegated Sunderland live on Sky Sports on Tuesday evening. After defeat in the north London derby Arsenal have bounced back well with three big wins over Man United, Stoke and Southampton, but we are still left needing either Man City or Liverpool to slip up.

Business

Australia banks could make customers pay for surprise tax

But industry experts have warned that the institutions may simply redirect the levy to customers. Analysts said the banks could charge customers more to offset the tax costs. TREASURER Scott Morrison has promised has announced $75b for big Nation building projects over the next decade. It moves the government away from austerity measures it introduced in 2014, but remains tough on key issues like welfare payments.

Business

Vodafone widens full year loss after writedown of troubled India business

Free cash flow is also expected to grow further this year, to around Euro 5 billion from Euro 4.3 billion last year. For 2018, Vodafone said it expects organic adjusted Ebitda to grow between 4% to 8%, implying a range of EUR14.0 billion to EUR14.5 billion.

Business

Oil Gets a Boost From Shrinking US Crude Glut

The news agency reported that state-owned Saudi Aramco will reduce oil supplies to its Asian customers by almost seven million barrels next month as it is likely to witness a surge in domestic power demand over summer. Iraq and Algeria said they were in favor of extending that deal, which cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year.

Business

Steel Dynamics (STLD) Given Daily News Impact Rating of 0.20

The Return on Equity (ROE) value stands at -14.9%. (X) is at 20.79. The stock presently has an average rating of "Buy" and an average target price of $38.09. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. Many investors will opt to use multiple time periods when examining moving averages.

Business

Sturgeon: SNP 'vital' to protect Scotland from dangers of Tory government

She said that Scotland could take the so-called "Norway option" by joining the European Free Trade Association (EFTA ) instead of the EU. "Voters in Scotland and across the United Kingdom have the chance on June 8 to tell Nicola Sturgeon to stop obsessing about independence and get on with the job of fixing the mess she has made of our schools".

Business

Putin Warns Against 'Intimidating' North Korea After Latest Missile Launch

Putin performed the unofficial anthems of Russia's capital, Moscow, Moskovskie Okna , and his home city of Saint Petersburg, Gorod nad Volnoy Nevoy . Putin played a few slightly hesitant chords of two popular compositions, Moscow Windows and Evening Song . " But it's no problem " that the video was posted online, he said, adding: " I think I didn't let you down ".

Business

Amazon launches a new Echo device with touchscreen

The screen allows users to make hands-free video calls to friends and family who have an Echo Show or the Alexa app . The Amazon Echo Show has its home-brewed digital assistant Alexa handling all the operations based on voice-commands and now touch screen inputs.

Business

Oil halts gain as more U.S. rigs counter OPEC-cut deal report

The dollar USDCAD, -0.3865% fell 0.5% to 1.3638 Canadian dollars, down from 1.3712 late Friday, as Brent crude oil-the worldwide benchmark-and USA crude futures LCON7, +2.58% CLM7, +2.91% jumped 2.8%. For now, though, the market has largely discounted a new agreement being announced on 25 May with the oil price threatening to break into the $50 range again.

Business

United Kingdom carrier easyJet orders 30 new jetliners despite record seasonal loss

Headline loss before tax came in at £212 million compared to an average analyst estimate of a pretax loss of £195.75 million, according to Thomson Reuters estimates. She said that the first-half loss reflected the movement of Easter into the second half and currency effects, which cost the short-haul airline an estimated £45 million and £82 million respectively.

Business

Cyber attack 'wake-up call for governments — Microsoft chief

The hackers then demand $300 in order to release control of the files. And the software is already inspiring imitators , as the Bleeping Computer site reports . Smith also compared the NSA losing control of the software to "the US military having some of its Tomahawk missiles stolen". The attack is the latest in a series of security breaches for the NSA dating back to last summer, when a group calling itself "Shadow Brokers" started posting hacking weapons pilfered from the organization.

Business

Greek seamen and journalists go on strike

News websites were not being updated, and no Wednesday newspapers would be printed. Media outlets began their 24-hour strike at 6 a.m. local time (03:00 GMT) on Tuesday, while sailors started earlier at midnight (21:00 GMT) and will continue for the next 48 hours.

Business

Fallout over Comey firing continues after tumultuous week for the White House

President Trump has previously told NBC News that Mr Comey requested the one-on-one dinner, but the former Federal Bureau of Investigation director reportedly maintains it was the president who invited him. " President Trump is unsafe because he may be obstructing justice in terms of the investigation that goes to the heart of our democracy, the accountability of the president", Durbin, who represents IL, told MSNBC Friday .

Business

Home Depot beats Street 1Q forecasts

Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer's stock valued at $145,000 after buying an additional 105 shares in the last quarter. On Tuesday, the home improvement retailer said first quarter earnings grew 16% to $1.67 a share, easily beating Wall Street forecasts for $1.52 a share.

Business

With new president, new faces for French parliament

The list of candidates being announced by the Republic on the Move party on Thursday marks a milestone in Macron's plans to repopulate the National Assembly with new faces and new ideas. The Republic on the Move party made clear that even top-rank politicians from established parties, like Valls, were not guaranteed a slot on its list of parliamentary contenders.

Business

Oil price rise helps FTSE 100 climb to new record high

The global "ransomware" cyber attack disrupted factories, hospitals, shops and schools, and spurred investors on Monday to buy stocks set to benefit from higher cyber security spending by firms and government agencies. That helped commodity-related stocks with the basic resources and oil indexes , both up 1.2 percent. Miner Antofagasta led the FTSE 100 in early trading, with shares rising by as much as two per cent on the back of higher commodity prices.

Business

Facebook starts 'hurting' Snap, shares plummet

It's not unusual for tech startups to post many years of losses as they build market share and recoup their initial investments. As of this writing, Snap's stock is trading at $18.4 per share. "It's just early days for us", he said. That Facebook is going after Snapchat is not news, but the battle has now become somewhat ugly. Although Snapchat is best known for its smartphone messaging, it has also developed partnerships with numerous media outlets eager to reach its audience with ...

Business

BHP Billiton plc (BLT) Receives GBX 1284.10 Average Price Target from Analysts

BHP Billiton Plc is a global resources company. The rebranding, the first since BHP used the late actor Bill Hunter 30 years ago in its "Big Australian" promotion, can also be seen as an effort to gain back public trust after the damage to the firm's image caused by the November 2015 dam burst at its Samarco joint-venture in Brazil.

Business

Tronc in talks with Wrapports to acquire Chicago Sun

The owner of the Chicago Tribune , tronc, has stepped up to the plate, both companies announced Monday. Wrapports Holdings LLC, which has owned the Sun-Times since 2012, said in a statement Monday that it entered into discussions with Tronc about a possible acquisition earlier this year after other possible buyers passed on the deal.

Business

UK consumer inflation rises to 3 ½-year high of 2.7 percent

Despite inflation running well above its target, Boyle said he did not expect the Bank of England to raise interest rates above their current level of 0.25 per cent "any time soon". However, a fall in the price of petrol and diesel slightly offset this. The UK inflation rate hit 2.7 per cent in April, up from 2.3 per cent in March, suggesting a continuing squeeze on household finances.

Business

Buffett's firm buys more airline stock in first quarter

Warren Buffett 's Berkshire Hathaway bought shares of Bank of New York Mellon and Southwest Airlines in the first quarter, according to an SEC filing Monday. Smaller equity investments at Berkshire are normally made by Buffett's deputies Todd Combs and Ted Weschler, who together recently invested about $21 billion.

Business

Oil prices rise in Asia in expectation of Aramco supply cut

Brent was 69 cents higher, or 1.4 percent, at $50.91 a barrel by 12:07 p.m. EDT (1607 GMT) after hitting a high of $51.16. They fell 1.2 percent on Tuesday. Crude prices had hovered near five-months lows earlier this week, but surged yesterday after the Energy Information Administration released data showing a 5.2 million barrel drop in USA crude stockpiles for the week ended May 5, far exceeding market expectations.

Business

Worldwide ransomware cyberattacks: what we know so far about WannaCry

The VEP was established to determine whether the government should withhold or disclose information about computer software security vulnerabilities. Over the weekend, the ransomware has hit systems in more than 150 countries, including Russian Federation and the United Kingdom, in one of the most widespread cyber attacks in history.

Business

Trump reportedly revealed classified information to Russian ministers

Sergey Kislyak in White House last week. The Post reported that Trump shared "code-word information" - one of the highest classification levels - about threats from Islamic State involving laptops aboard airliners. "And it's all clouded because of this problem he has with Russian Federation". "I get great intel". And he goes into details about that plot and the - how the Islamic State is pursuing it and what the U.S.is doing to try to suppress it.

Business

Adviser in room: Trump intel report 'false'

One of the two officials said Trump had disclosed the information to Russian Foreign Minister Sergei Lavrov nearly spontaneously. The threat was related to the use of laptop computers on aircraft. The top Democrat on the House intelligence committee says a report that President Donald Trump shared intelligence about the Islamic State group with Russian officials is "deeply disturbing".

Business

Ford plans 10% global workforce cut

He did confirm, though, that "reducing costs and becoming as lean an efficient as possible" remained part of a plan to drive profits. The report came out online Monday night. During his election campaign President Trump was highly critical of the auto industry's use of Mexican plants to produce vehicles for the USA market.

Business

Crude Oil Prices Consolidate Gains, Supply Issues Remain Crucial

The Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers agreed to curb production by 1.8 million barrels per day (bpd) for six months from January 1 to support the market and push prices to $60 per barrel. OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end of 2017, the oil ministers of Iraq and Algeria said at a joint news conference.

Business

Oil Reacts To Saudis, Russia's Comments On Extending Output Deal To 2018

Goldman sees long term oil prices at $45-$55 per barrel, but US producers have already said they plan to boost production at those prices. Brent crude futures were at US$51.95 per barrel at 0457 GMT, up 13 cents, or 0.3%, from their last close.


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