Economy

by | March 22, 2017 | 00:49

According to a report by the Economist Intelligence Unit (EIU), Brexit uncertainties and a depreciation of the pound have been listed as the reasons for London's new position. Singapore's ranking as the world's priciest city for the fourth consecutive year is largely due to the cost of owning a vehicle there being the highest in the world .

by | March 21, 2017 | 01:08

IFA president Joe Healy said the latest shocking revelations on the failure of Brazil to meet European Union standards and controls in the meat sector raises very serious concerns around European Union meat imports. JBS, the world's largest meat producer, said in an ad broadcast Saturday night on Brazil's largest TV network that the judge's ruling on the so-called Weak Flesh probe had no mention of quality irregularities involving the company and that the "unfortunate" cases cited by the media ...

by | March 21, 2017 | 01:05

According to officials, the federal government will speed up audits of the 21 meat packing plants mentioned in Operação Carne Fraca (Weak Flesh Operation), which was launched by the Federal Police last Friday (March 17th). Some of the meat ended up in lunches at public schools, police said at a press conference in Curitiba, Brazil. Both the companies have denied any wrongdoing.

by | March 21, 2017 | 01:03

The Organization of the Petroleum Exporting Countries (OPEC) is curbing its output by about 1.2 million barrels per day (bpd) from January 1, the group's first reduction in eight years. Despite thin Asian trading that resulted from a Japanese holiday, the dollar edged down against its primary trading partners, with the dollar index starting the week at 100.140.DXY, a 0.16 percent decline.

by | March 21, 2017 | 00:58

Police originally reported the stabbing as a violent bank robbery at an RBC branch, but Gavin clarified on Sunday that it wasn't a robbery or a domestic dispute. Police later said they believe the victim was targeted but were still trying to determine the motive for the attack. Initially treated at the St.

by | March 18, 2017 | 01:53

The press release continues: "The aggregate gross proceeds of the offerings, including the options granted to the underwriters, is expected to be approximately $1.15 billion". No matter how one chooses to view the convertible offering, the fact that Tesla is still (second time in a year) able to tap into the debt/quity markets is testament to how far ahead of the competition Tesla really is.

by | March 18, 2017 | 01:44

Jezebel first reported that Modcloth CEO Matthew Kaness revealed the news to his staff on Wednesday morning during an all-hands meeting at the company's headquarters. ModCloth and its website will operate as a standalone yet "complementary" brand to Walmart's other e-commerce sites. "Growth allows us to reach more women, grow our community, and amplify our message", Koger said.

by | March 18, 2017 | 01:37

Rather than handing Belan over to the U.S., Russia's Federal Security Service (FSB) enlisted the man to help the agency hack into American Internet companies, including Yahoo Inc. "Literally everybody I talked to was like, 'Well, I guess it caught up with him, ' or 'That makes sense, I guess we knew where he got all the money for his cars, '" he said.

by | March 16, 2017 | 00:45

Doug Brown noticed a jet ski in the area where he was steering a Carnival Magic cruise ship, according to a release from the Canaveral Pilots Association. However, when one of them fell off, the jetski flipped upside down. "This was the first time with people in the water, nearly right in front of you".

by | March 15, 2017 | 01:17

The government agency made a decision to pull the sites back down at 2 p.m. on Friday after determining digital services were potentially at risk. "At this time, we are not aware that any personal information has been affected", said the notice on Sunday.

by | March 15, 2017 | 01:16

Berlin's two airports are served by carriers including Air Berlin (AB1.DE), Lufthansa (LHAG.DE), easyJet (EZJ.L) and Ryanair (RYA.I), all of which have been hit by the strikes . Tigel airport is around eight kilometer away from the city of Berlin and handles more than 21 million passengers an year, while Berlin Shonefeld, situated in the southeast of Berlin , handles more almost 12 million passengers per year.

by | March 15, 2017 | 01:14

The rate increase expected on March 15 will be the second in four months, a pace unseen since the peak of the United States housing boom in 2006. Sterling, as a result, held gains against the dollar rising 0.5 percent to $1.2229 GBP= . But the Fed is focused on how many people say they are both not working and actively seeking work, and this number, reflected by the unemployment rate , is back to pre-recession levels.

by | March 14, 2017 | 00:45

Producers scaled back this expensive method, called hydraulic fracturing or fracking, during an oil price downturn that began in 2014. Prices dropped $2.81, or 5 percent, to $53.11 on Wednesday. The absence of fresh hedge fund buying and the emergence of a small band of short sellers created a liquidity hole and was likely responsible for the abrupt drop in prices which started on March 8.

by | March 13, 2017 | 01:30

The vehicle initially struck two pedestrians before veering into a bigger group of people in the town of Mapou, nearly 5 km away reports Reuters. " It then attempted to flee ", she added, but ran into a group of musicians who were traveling on foot.

by | March 12, 2017 | 01:11

According to Freddie Mac , 30-year fixed-rate mortgages now ask 4.21 percent per year on average, up from 4.1 percent a week ago. However, in early Friday trading, the bond market was calm, with yields holding mostly steady. Likewise, the 15-year FRM increased to 3.42%, up from 3.32% last week and 2.96% last year. Shorter term, popular 15 year refi loan deals stand at 2.75% at the bank and April of 3.239% today.

by | March 12, 2017 | 01:11

A South Korean presidential election to choose a successor to ousted leader Park Geun-hye will be free and fair and held by May 9 at the latest, the election commission chairman said on Saturday. Millions demonstrated every weekend on the streets calling for her to step down. Dozens of protesters and police officers were also wounded in the scuffles.

by | March 11, 2017 | 00:47

The bumped up target suggests a potential upside of 0.37% from the company's most recent stock price close. The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 33.3%. The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Thursday, February 16th will be issued a dividend of $0.36 per share.

by | March 10, 2017 | 00:56

Wegmans ranked No. 4 in 2016 on the Fortune list. In the United States, Great Place to Work produces the annual Fortune "100 Best Companies to Work For®" and a series of Great Place to Work Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium Companies and over a half dozen different industries.

by | March 09, 2017 | 03:16

Companies added the most workers in nearly three years to US payrolls in February on a surge in construction and manufacturing employment, data from the ADP Research Institute in Roseland, New Jersey, showed Wednesday. Manufacturing jobs, a key focus for President Trump, jumped by almost 32,000 last month, the most in five years. It was welcome news to social media, with one calling it a "Trump bump".

by | March 09, 2017 | 00:46

As a company's earnings per share being to rise, so does their market value per share. Shares ended the regular session down 0.6%. A month ago, analyst EPS consensus estimated earnings of US$-0.45 per share. The firm's revenue was down 4.8% on a year-over-year basis. The share price is now 0.91 percent versus its SMA20, -5.35 percent versus its SMA50, and -6.53 percent versus its SMA200.