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Finance

The president, who credited his tough talk on trade for his surprise election victory, said that many cities and towns he visited during the campaign were "devastated by unfair trade policies, probably one of the major reasons I'm here today, trade".
  • France's Macron passes first of three big tests

    Finance

    Some 29 per cent of viewers polled found Macron the most convincing candidate, with radical leftist Jean-Luc Melenchon, conservative Francois Fillon and Le Pen bunched together on 19 to 20 per cent. "The traditional parties, those that have for decades failed to solve yesterday's problems, won't be able to do it tomorrow either", said Macron, who made a name for himself by criticising sacred cows of the French "social model" such as the 35-hour workweek.
  • Dubai: Gold Hits 2-Week High as USD Falls

    Dubai: Gold Hits 2-Week High as USD Falls

    Finance

    Financial leaders of the world's biggest economies acquiesced to an increasingly protectionist United States on the weekend by dropping the pledge to keep global trade free and open. If inflation began to pick up, that would certainly solidify [that expectation]. Treasury notes to a two-week low of 2.472 percent. Dutch elections turned out to be far less worrisome than many were expecting, and this appears to have built-in a slight amount of complacency around the upcoming French elections.
  • Uber President Quits in Response to Controversies

    Uber President Quits in Response to Controversies

    Finance

    According to the technology news site Recode , the resign of Jeff Jones is related to the sexual harassment and sexism allegations leveled against Uber. Huffington said Kalanick is honest that he wants the incoming COO to be a true partner with him. "We also need to give drivers a say in fare adjustments instead of relying on what a rider tells us".
  • United States dollar squeezed by cautious Fed

    United States dollar squeezed by cautious Fed

    Finance

    He noted that only a few weeks before Wednesday's Fed announcement, expectations for a March hike were exceptionally low. On Wednesday, the USA central bank is nearly universally expected to raise its benchmark interest rates, a move that just a few weeks ago was viewed by the markets as unlikely.
  • Gold is back in the red as probable Fed rate hike looms

    Gold is back in the red as probable Fed rate hike looms

    Finance

    European stocks sagged Tuesday, on track for their first loss in four sessions, as investors stepped back before this week's Dutch election, the Federal Reserve meeting and while the United Kingdom moves closer to calling the start of the Brexit process.
  • Yahoo hack: Russia's FSB not involved in cyberattacks, Kremlin says

    Yahoo hack: Russia's FSB not involved in cyberattacks, Kremlin says

    Finance

    One of the FSB agents charged was Dmitry Dokuchaev , an officer in the FSB's Centre for Information Security, the office tasked with investigating cyber crimes. For example, one of the criminal hackers charged, Alexsey Belan, a 29-year-old hacker whose baby face and tinted hair have appeared on an FBI Most Wanted poster, manipulated Yahoo search engine servers so that some users were redirected to an online pharmacy site that paid Belan for each diversion.
  • Film crew injured as Mount Etna erupts

    Film crew injured as Mount Etna erupts

    Finance

    Thursday's incident was the result of a so-called phreatomagmatic eruption, caused by magma hitting water - in this case snow, Reuters reported. None of the injuries was listed as grave. Departures were continuing as scheduled. Ten people were hurt but remarkably no one was killed when Sicily's Mount Etna blew its top overnight, forcing those nearby into a panicked flight back towards the nearby city of Catania.
  • Battered hedge funder Ackman finally ditches his long, painful Valeant investment

    Battered hedge funder Ackman finally ditches his long, painful Valeant investment

    Finance

    Valeant slumped 9.3% to $14.70 after billionaire investor William Ackman walked away from the struggling drug company after trying to rescue it for some 18 months, taking a loss of more than $3 billion. The company committed itself to raise some $5 billion in assets from asset sales by the middle of next year. Shares of Valeant have been on a sharp decline since hitting an all-time high of $263.81 a share in August 2015.
  • Gander Mountain filing for bankruptcy, closing Hixson store

    Gander Mountain filing for bankruptcy, closing Hixson store

    Finance

    Gander Mountain said it's hoping to close on a "going-concern" sale of its business by May 15. The company then issued a statement avoiding the question of bankruptcy. Eastern Outfitters , owned by Eastern Mountain Sports, filed for bankruptcy last week. It has filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Minnesota.
  • General Electric Company (NYSE:GE) Sees Volume Pop in Session

    Finance

    Bridgeway Capital Management Inc. boosted its position in shares of General Electric Company by 5.3% in the second quarter. Armstrong Henry H Associates Inc. EPS growth for this year is -33.90% and EPS growth for next year is expected to reach at 9.39%. That compares with 9025 basic shares outstanding for the quarter ended 2016-12-31.
  • Markets sink with global retreat but dollar rules

    Markets sink with global retreat but dollar rules

    Finance

    The US Federal Reserve is set to raise interest rates this month and is on track to lift them further later this year, its chair Janet Yellen has signalled. Piegza. "Key risks around this rate track are the extent to which fiscal policy is loosened as the president seeks to implement his tax and infrastructure policies, as well as how the USA dollar and other measures of financial conditions such as credit spreads responds to it", the bank says.
  • PSA completes deal for GM's Opel

    Finance

    McCluskey said: "Mr Tavares gave assurances that current production commitments would be met should the takeover with PSA go-ahead". Automakers prefer the emphasis to be on new vehicles during an auto show, rather than corporate intrigue.
  • General Motors Company (NYSE:GM)

    General Motors Company (NYSE:GM)

    Finance

    First Pacific Advisors LLC increased its position in General Electric Company by 2.4% in the second quarter. Beta of General Motors Company (NYSE:GM) is 1.30 while company weekly performance is 1.37%. The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.26 per share.
  • Uber's Greyball Under Scrutiny for Blocking Government Stings

    Uber's Greyball Under Scrutiny for Blocking Government Stings

    Finance

    That was because Uber had tagged Mr. England and his colleagues - essentially Greyballing them as city officials - based on data collected from its app and through other techniques. "This program denies ride requests to fraudulent users who are violating our terms of service-whether that's people aiming to physically harm drivers, competitors looking to disrupt our operations, or opponents who collude with officials on secret "stings" meant to entrap drivers," Uber said in a statement .
  • Team: Taxpayers spend millions on local US Immigration and Customs Enforcement detainees

    Team: Taxpayers spend millions on local US Immigration and Customs Enforcement detainees

    Finance

    About two weeks ago, ICE agents arrested Vargas' father and brother at home, Peterson said . She came to the country when she was 7 years old with her family - they are from Argentina. But you have some absolutely, incredible kids, I would say mostly. Minor, McLaughlin and FitzSimons said that immigration enforcement was not now a priority in their departments, but cautioned that more federal action could change that.
  • Despite Promises To Cut, Iraq Raises February Oil Exports

    Despite Promises To Cut, Iraq Raises February Oil Exports

    Finance

    Despite the worries, Iraqi officials are doing their best to reassure the market that the country will honor its word and cut production as agreed. OPEC has achieved 86 percent compliance rate on the proposed cuts in January 2017. Iran's exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011. Zangeneh further announced that the Iranian Ministry of Petroleum is bent on raising export of petroleum products , adding gasoil and petrol will be the ...
  • FCC blocks internet privacy regulations

    FCC blocks internet privacy regulations

    Finance

    Pai's proposal to halt the operation of the data protection provisions "comes despite the mounting number of data breaches impacting consumers throughout this country", the lawmakers added. But Laura MacCleery, a vice president at Consumer Reports magazine, called it "a troubling first step towards unraveling critical, pro-consumer online privacy protections".
  • Ben Carson, Rick Perry win Senate approval for Cabinet posts

    Ben Carson, Rick Perry win Senate approval for Cabinet posts

    Finance

    In January, a number of fair housing experts and public officials signed a letter critiquing the possibility of a Carson appointment, particularly due to Carson's lack of experience. "We're going to do great things in our African-American communities", Trump said , appearing with Carson on a tour of the National Museum of African American History and Culture in Washington.
  • ISM Says 17 of 18 Manufacturing Industries Reported Growth in February

    Finance

    Separately, the Markit final US manufacturing purchasing managers index posted 54.2 in February, down only slightly from January's 22-month peak of 55.0. Backlog of orders in February saw a significant gain, rising 7.5 percent to 57.0, and with production at its highest level in several months, Holcomb said that this increase was still not enough to really chew into the backlog, making things promising on that front for the coming months.