Business

US Senate to vote on Russian Federation sanctions bill; Putin threatens retaliation

US Senate to vote on Russian Federation sanctions bill; Putin threatens retaliation The document now should be approved by the Senate and signed by the President of the United States . President Vladimir Putin said on Thursday that Russian Federation would be forced to retaliate if Washington pressed ahead with what he called illegal new sanctions against Moscow, describing USA conduct towards his country as boorish and unreasonable. [Full Article...]

Caixin China Manufacturing PMI Reaches Five-Month High in July

Caixin China Manufacturing PMI Reaches Five-Month High in July EEF, a manufacturing industry association, said the improvement suggested the factory sector's drag on the economy in the second quarter was likely to be temporary. Growth in China's manufacturing and services sectors softened in July as activity at smaller factories shrank, according to official gauges. "The shift between the old and new momentum of growth is accelerating", Chen commented. [Full Article...]

RBA Indicates Rates On Hold For Long Time

RBA Indicates Rates On Hold For Long Time Meanwhile, iron ore has rebounded in recent weeks as mills in China benefit from the government shuttering capacity, helping absorb increased ore supplies from Australia and miners like Rio Tinto Group and BHP Billiton Ltd. But Dr Lowe noted that "a factor working in the other direction is increased competition from new entrants in the retail industry". The stronger language failed to move the... [Full Article...]

Ram temple construction very much on BJP agenda: Amit Shah

Ram temple construction very much on BJP agenda: Amit Shah The Lower House had already passed the bill, meant to upgrade the Backward Classes Commission from a statutory body to a constitutional body, which will give it powers equal to a court to summon people and inquire into incidents of violence and discrimination against backward classes. [Full Article...]

Aussie Travellers Facing Massive Airport Lines Thanks To Beefed-Up Security

Some passengers experienced delays of up to 90 minutes at Adelaide and Sydney airports before passing through security on Sunday afternoon, ABC News reported. Qantas , Tiger, and Virgin Australia have also urged passengers to limit the amount of carry-on and checked baggage they bring, to reduce delays in screening. [Full Article...]

President Trump tweets that John Kelly is new chief of staff

President Trump tweets that John Kelly is new chief of staff John Kelly will do a fantastic job". Assembly Majority Leader Jim Steineke echoed those comments, also tweeting that it was a "bad move by Trump". Priebus, who was replaced by Homeland Security head John Kelly, ended his tumultuous six-month run in the position. [Full Article...]

Air France-KLM buys 31 percent stake in Virgin Atlantic

Air France-KLM buys 31 percent stake in Virgin Atlantic Delta has taken minority stakes in many of its worldwide partner airlines in recent years, gaining decision-making power and deeper integration in profitable regions like the United Kingdom or promising markets like China . A month later, the USA carrier announced a joint venture with Korean Air Lines. As part of "an integrated global alliance, unique in the world", Air France-KLM will a... [Full Article...]

Brexit transition deal will 'look very similar' to European Union membership

Brexit transition deal will 'look very similar' to European Union membership Last year's referendum to leave the European Union did not set out a specific model for Britain's future relationships with the bloc. Meanwhile, Brexit Secretary David Davis is confident European Union withdrawal negotiations will continue as planned after reports that Brussels may delay trade talks because of a lack of progress on the financial "divorce" settlement. [Full Article...]

Foxconn to build LCD factory in U.S., investing 10 bln United States dollars

Foxconn to build LCD factory in U.S., investing 10 bln United States dollars It would mark a substantial gain for a state that now has 472,000 manufacturing jobs and is still recovering from factory layoffs - including the closure of a General Motors plant in Ryan's hometown - that hit after the 2008 financial crisis. [Full Article...]

Starbucks to close all Teavana locations

Starbucks to close all Teavana locations Starbucks announced on Thursday that all 379 Teavana stores - which are primarily based in malls across the country - have been "underperforming". Starbucks says that, despite its efforts to drive traffic through creative merchandising and new store designs, it's not optimistic that the troubling trend will reverse itself. [Full Article...]

MAC to give out free lipstick for National Lipstick Day

MAC to give out free lipstick for National Lipstick Day By participating, you'll not only score yourself a free lipstick , you're also doing your bit for the environment. In honor of the cosmetic holiday, this year MAC Cosmetics is actually going to be giving away a full-size lipstick for free to its customers. [Full Article...]

The $91 BILLION man

The $91 BILLION man The Forbes now estimates Bezos' wealth Amazon's chief executive, at about $90.6 billion, compared with $90 billion for Gates, The New York Times reports. The Amazon website originally launched in 1995, selling mostly books. Bezos' wealth has soared $24.5 billion so far this year, thanks primarily to his 17 percent ownership of Amazon, which is now valued more than twice as much as all of ... [Full Article...]

Twitter shares fall over 10pc as stagnant user growth disappoints investors

Twitter shares fall over 10pc as stagnant user growth disappoints investors Advertising sales dipped by 8 per cent to $489 million as revenue fell for only the second time since Twitter's stock... The number of daily active users grew 12%, which was the third quarter in a row in which the micro-blogging firm reported daily active user growth in the double digits. [Full Article...]

Dollar struggles at 13-month low as Fed flags sluggish inflation

Dollar struggles at 13-month low as Fed flags sluggish inflation But rate futures are pricing in less than a 50% chance of a hike by then, compared to just over 50% before the Fed's meeting. "The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation". [Full Article...]

Oil rally continues, as optimism builds ahead of USA supply data

Oil rally continues, as optimism builds ahead of USA supply data EIA data showed distillate stockpiles, which include diesel and heating oil , declined by 1.9 million barrels, versus expectations for a 453,000-barrel drawdown. The UAE consumes less than a third of its total crude oil production-so it is unclear, assuming it continues to overproduce, exactly what the UAE intends on doing with the 10 percent it is shaving off its September exports. [Full Article...]

General Motors Company (NYSE:GM) Experiences Lighter than Average Trading Volume

General Motors Company (NYSE:GM) Experiences Lighter than Average Trading Volume Shares of Ford Motor Company (NYSE:F) traded down 2.174% during mid-day trading on Wednesday, reaching $11.025. North Star Investment Management upped its stake in General Motors by 0.8% in the Q1. The dividend was $0.380 per share for the quarter or $1.52 annualized. According to Yahoo Finance, The Dividend Date for General Motors Company is Jun 23, 2017 and its Ex-Dividend Date is Jun 7,... [Full Article...]

Problems of Oil Tankers Association to be resolved in 15 days: OGRA

Problems of Oil Tankers Association to be resolved in 15 days: OGRA On the other hand, Ogra suspected the oil marketing companies for orchestrating the strike through oil tankers owners and pledged not to compromise on safety standards. More than two hundred people had lost their lives just a day before Eid in the tragic incident. Mohammad Akram, a motorcyclist in Saddar, said he wanted to buy petrol in case of an emergency after reports in the media that the s... [Full Article...]

Lyft, Taco Bell team up to answer late-night cravings

Lyft, Taco Bell team up to answer late-night cravings Today the rideshare company announced a new partnership with Taco Bell . Taco Mode is an in-app option for Lyft riders to provide passengers with the "ultimate Taco Bell experience". The companies teamed up to "blow wind on this emerging behavior we're seeing in social", said Taco Bell Chief Marketing Officer Marisa Thalberg. Earlier this month, the Kansas City Council approved new r... [Full Article...]

McDonald's U.S. same-store sales rise 3.9%

McDonald's U.S. same-store sales rise 3.9% McDonald's Corp .is figuring out how to win back lapsed customers and keep its regulars coming in for more. McDonald's Corporation ( NYSE:MCD ) early Tuesday posted market beating second quarter earnings results amid strong sales at established stores. [Full Article...]

Would A Sale Revitalize Barnes & Noble?

Would A Sale Revitalize Barnes & Noble? The value in dollars increased from $304,000 to $333,000 a change of $29,000 quarter to quarter. As of quarter end Goldman Sachs Group Inc had disposed of a total of 1,453 shares trimming its stake by 1.2%. The 50 day moving average was down by -25.84% and the 200 day average went down $-2.73 or -27.53%. Today's rally has BKS trading north of their 80-day moving average for the first time in... [Full Article...]


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