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China, Russia formalise Shanghai venture to build wide-body jet

State plane makers Commercial Aircraft Corp of China Ltd (COMAC) and Russia's United Aircraft Corp (UAC) said at a ceremony in Shanghai the venture would aim to build a "competitive long range wide-body commercial aircraft". But with the China-Russia jet, which Chinese media reports say will be called the 929, Beijing will have the benefit of working with UAC, parent of passenger-jet manufacturer Sukhoi and other established Russian aviation brands.

Business

Adani defers Australian coal project investment decision

The delay of paying government fees has been described as a "royalties holiday", something denied by Adani. Reacting to that, Adani has cancelled its own plans to make its final decision on the project this afternoon. The Queensland Cabinet on Monday deferred a decision on a royalties arrangement with Adani after Trad declared any "royalties holiday" for Adani would break Labor's election pledge of no taxpayer subsidies for the mine.

Business

Melania, Ivanka Trump abstain from wearing headscarves in S. Arabia

The White House has said it doesn't expect any sort of breakthrough on the peace process on this trip. As a presidential candidate, Donald Trump railed against President Barack Obama for failing to utter the words "radical Islamic terrorism".

Business

General Election polls: Labour close in on Tories after manifesto launch

But shadow chancellor John McDonnell told activists in Birmingham there was "all to play for" in the remaining three weeks, declaring: "Let's get out there and win this election , let's carpe diem (seize the day), let's seize this opportunity, with courage and determination, we can win this election despite what they throw at us".

Business

Education secretary pushes school choice, gives no specifics

She is believed to be preparing to unveil an education tax credit scholarship proposal, which the Trump administration has been considering for some time, according to multiple sources who spoke on the condition of anonymity because they were not authorized to discuss it.

Business

Walmart Q1 EPS Up, Tops View; Sees Higher Comps In Q2

And it underscores Wal-Mart's efforts to narrow the gap between itself and online leader Amazon , and widen the distance between itself and other competitors. Wal-Mart has pledged to reverse that trend over the course of the year. COPYRIGHT VIOLATION NOTICE: This article was originally published by Chaffey Breeze and is the property of of Chaffey Breeze.

Business

Donald Trump, Benjamin Netanyahu focus on Iran as common enemy

United States President Donald Trump travelled to Jerusalem yesterday to seek ways to achieve Israeli-Palestinian peace, but also used the visit to lash out at Iran again. Israel has also expressed concern about the $110bn (£84.6bn) arms deal announced between the U.S. and Saudi Arabia on Saturday, with a senior cabinet minister describing the kingdom as a "hostile country".

Business

Pacific trade pact may not be doomed

The ministers have tasked senior officials to work out the options over the next few months to bring the TPP into force expeditiously, the statement added. Mustapa said Malaysia was less keen to continue, but added he would like some clarity on the United States position on the pact. The U.S. withdrawal means the deal would be dead under the current rules given the scale of the country's economy.

Business

19 dead after suspected explosion at Ariana Grande concert in England

The force said in a statement: "This is now being treated as a terrorist incident until police know otherwise". "It was one loud bang - it was so loud", Bruce said. Later at a press conference, Chief Constable Ian Hopkins of the Greater Manchester Police confirmed the explosion was being investigated as an act of terror, and that police had identified a suspect.

Business

Iran foreign minister scorns Trump after speech, arms deal

Rouhani, who fronted Tehran's deal with six major powers in 2015 to curb Iran's nuclear programme in return for the lifting of sanctions, said the USA administration lacked knowledge about the Middle East. "Love your shoes. Boy, those shoes", he said . Ambassador to the United Nations Nikki Haley declared the site part of Israel, while U.S. Secretary of State Rex Tillerson on Monday dodged the question.

Business

Antero Resources Corp (AR) Given a $31.00 Price Target at Scotiabank

News articles about Antero Resources Corp (NYSE:AR) have been trending somewhat negative on Monday, according to AlphaOne Sentiment. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of California Resources Corp during the third quarter valued at about $25,000,000.

Business

Twitter Goes Nuts Over Picture Of Trump Touching a Suspicious, Glowing Orb

President Donald Trump, on the first leg of his first foreign trip as commander in chief, was captured on film Sunday touching a glowing globe with Saudi Arabian King Salman bin Abdulaziz Al Saud and Egyptian President Abdel Fattah Saeed Hussein Khalil el-Sisi - immediately birthing a new meme.

Business

Photo of Trump, Saudi king touching mysterious orb becomes meme

It is not clear why Stone suggested Trump's son-in-law and senior adviser Jared Kushner had anything to do with his decision to accept the Order of Aldulaziz, which was also accepted by former presidents Barack Obama and George W. He told Saudi leaders and the heads of other countries in the region that he wasn't there to "lecture" them. US Treasury Secretary Steven Mnuchin said: "This new Terrorist Financing Targeting Centre will enhance existing tools and cooperation with partners in ...

Business

Dixon takes 3rd Indy pole with fastest speeds in 21 years

Alonso's contract with McLaren is up at the end of the season and allowing him to race in Indy 500 is thought to be part of the plan to convince him to stay. Although the Bourdais-Davison primary vehicle was written off in the fiery crash yesterday, Dale Coyne Racing has a backup machine at the speedway, and the crew will be hard at work transforming it from it's current road course configuration into a auto capable of running the speedway.

Business

Boeing Co signs defense, commercial deals with Saudi Arabia

This partnership will also contribute directly to the Kingdom of Saudi Arabia's localized defense ecosystem with regional expert capabilities, and will provide a long-term foundation for Saudi Arabia's economic development. "In 2013, the company was renamed Boeing Saudi Arabia to reflect the broad scope of Boeing activities; today, Boeing Saudi Arabia supports the execution of all Boeing Defense, Space & Security and Boeing Commercial Airplanes programs in Saudi Arabia", the company said .

Business

Iranian president calls US relations 'a curvy road'

President Rouhani is a moderate and reformist figure in Iranian politics known chiefly for negotiating a deal on Iran's nuclear power that ended up controversial both with the Western powers that signed it and in Iran. to roll back sanctions, or to step up investment in the areas they allow. "If you know of a case where America acted correctly, you tell me". Iran's Supreme Leader Ayatollah Khamenei has welcomed Rouhani's reelection as bolstering democracy.

Business

Germany's SPD lose power in home state as CDU surges under Merkel

Angela Merkel's Christian Democrats have toppled the Social Democrats from their traditional stronghold in North Rhine-Westphalia. She is thought to have lost the debate on security, education, transport, immigration, and the comparatively high unemployment rate.

Business

No class: Students shout down Betsy DeVos' graduation speech

But within minutes of speaking, DeVos was booed furiously by graduates and attendees of the commencement ceremony. "You don't even know the history of HBCUs, how are you going to encourage us for the future", she said. U.S. Education Secretary Betsy DeVos spoke and was booed several times Wednesday at the Ocean Center in Daytona Beach. "Having DeVos speak at the commencement ceremony is an insult to the BCU graduating class, students, alumni, family, friends and Dr.

Business

PennTex Midstream Partners, LP (NASDAQ:PTXP) Surges 21.00% For the Week

The ERP5 of PennTex Midstream Partners, LP (NasdaqGS:PTXP) is 17151. It has outperformed by 22.86% the S&P500. Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. On Tuesday, September 15 the stock rating was upgraded by Stifel Nicolaus to "Buy". The firm has "Accumulate" rating given on Friday, March 24 by Johnson Rice.

Business

Outrage, elation over Oscar Lopez Rivera's release and parade honor

But for Joseph Connor , who was 9 when his dad, Frank, was killed in a NY restaurant bombing that Lopez Rivera had helped organize, the struggle is much more personal. Congress through the controversial law known as PROMESA to restructure the island's debt. But that pales into insignificance compared to the 36 years Lopez Rivera spent behind bars.

Business

US, Europe discuss new laptop ban on flights

In a joint statement after the meeting, the U.S. Department for Homeland Security and the European Commission said they had discussed how to confront "the serious evolving threats to aviation security". United States officials had previously said they were looking into extending to Europe a ban on electronic devices on flights originating from 10 airports in eight countries including the UAE, Saudi Arabia, Qatar and Turkey, over alleged concerns that bombs could be hidden in the devices.

Business

Oil prices hit month-high on optimism ahead of OPEC meeting

Now, OPEC and other oil producers are in the hard position of extending their 1.8mb/d output cut in order to keep markets balanced. June West Texas Intermediate crude tacked on 55 cents, or 1.1%, at $50.88 a barrel. Iraq , where oil revenues make up almost 95 percent of the budget, has been reeling under an economic crisis since 2014, when oil prices began plummeting from a high of over $100 a barrel.

Business

EC defers biennial Rajya Sabha polls

The EC said that the process of the Rajya Sabha election may interfere with the preparatory work for election of a new President. An official statement from the poll panel on Monday withdrew an earlier statement announcing the election dates.

Business

Here's Why NRG Energy, (NRG) Trending These Days

The rating was downgraded by RBC Capital Markets on Wednesday, October 21 to "Sector Perform". Barclays PLC reissued an "overweight" rating and issued a $20.00 price objective (up from $19.00) on shares of NRG Energy in a research note on Sunday, April 23rd.

Business

Higher taxes in Australia's 'better times' budget

Treasurer Scott Morrison promised to deliver a small A$7.4 billion ($5.4 billion) surplus in 2020/21, an improvement on the A$1.08 billion it forecast in the mid-year review in December. Economic nuts and bolts aside, there is big spending in infrastructure and education, while the $13 billion in so-called "zombie" measures from Joe Hockey's ill-fated 2014 budget - stymied by the Senate - have been dumped.

Business

Greece looks for debt help after backing further cuts

France is confident that Greece and its worldwide lenders can reach a deal on additional measures of debt relief for Athens in June, the French finance minister said on Monday at the end of a euro zone meeting that ended with no agreement. Subsequent talks, aimed at reaching a comprehensive agreement that also tackles Greece's debt, were trickier. Dijsselbloem said the International Monetary Fund welcomed the progress made by Greece, and was "impressed" by the reforms undertaken by Greece ...

Business

Bitcoin shoots past $2000 in value

Though Bitcoin and other lesser known digital currencies continue to gain steam and legitimacy with a more mainstream group of consumers, some watchers warn that a cryptocurrency bubble is now underway. Bitcoin has been on a tear this year, as this chart from Coindesk shows . It took That's according to a range of bitcoin exchanges, including Coinbase and Kraken .

Business

Pacific ministers commit to move ahead with pact without US

It includes strong protection for intellectual property and measures to protect labor rights and the environment. As chair of the meeting, Vietnamese Minister of Industry and Trade Tran Tuan Anh said Vietnam, as host of Apec 2017 events, "continues to affirm its determination of deepening worldwide integration, considering the Asia-Pacific region and the regional co-operation mechanism such as Apec Forum a focus of the country's foreign policy".

Business

Saudi Arabia and Russian Federation signal oil-cuts extension into 2018

The EIA forecast that US oil demand for 2017 will grow 290,000 bpd, up from its previous forecast for 250,000 bpd growth. Russia's energy minister noted, "we are discussing a number of scenarios and believe extension for a longer period will help speed up market rebalancing".

Business

New French government unveiled, Le Drian foreign minister

FILE - In this Aug.31,2016 file photo, French former Agriculture minister Bruno Le Maire speaks in Jouy-en-Josas, south of Paris . Newly inaugurated centrist French president Emmanuel Macron unveiled his slate of cabinet ministers on Wednesday afternoon, appointing a blend of political shades to the top jobs as part of his promise to bridge the right-left divide.

Business

Mueller Probe Reportedly Will Investigate Possible White House Cover-Up

The document was based on notes taken inside the Oval Office and the Times reports it has been circulated as the official account of the meeting. Another 55% said Trump's disclosure made them feel "not confident" with his ability to handle highly classified information, while almost as many (52%) said the disclosure made them feel "not confident" in the President's ability to keep the country safe from terrorism.

Business

Mnuchin Says G-7 Nations More Comfortable With New US Economic Approach

Mnuchin meets with Padoan May 11. BARI , Italy-Finance chiefs from the world's largest industrialized economies sounded a note of cautious optimism this weekend on US plans for a tax overhaul, and agreed to bolster the financial system against increasingly sophisticated cyberattacks.

Business

DAVENPORT & Co LLC Has $651000 Position in Nike Inc (NKE)

Sold All: 84 Reduced: 443 Increased: 405 New Position: 112. Schmidt P J Investment Management Inc. increased its stake in Nike by 0.3% in the third quarter. (NYSE:CRM) has "Buy" rating given on Thursday, June 2 by SunTrust. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%.

Business

Wal-Mart tops 1Q profit forecasts

EXPECTATIONS EXCEEDED: Autodesk vaulted 15.6 percent after the design software company raised its earnings forecast for the year and reported a loss in its latest quarter that was narrower than analysts were expecting. That was fueled by customer traffic increase of 1.5 percent. It offered 10 million a year ago. Target on Wednesday reported first-quarter adjusted earnings of $1.21 per share, above the Street view of 91 cents per share.

Business

Sinclair Pharma PLC (SPH) Given Consensus Recommendation of "Buy" by Brokerages

Stockholders of record on Thursday, April 6th will be paid a GBX 15.88 ($0.20) dividend. It has by 0.00% the S&P500. Therefore 67% are positive. Nex Group Plc had 14 analyst reports since January 9, 2017 according to SRatingsIntel. On Monday, April 18 the stock rating was maintained by Citigroup with "Neutral". The company was downgraded on Wednesday, August 31 by Argus Research.


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