Finance

A US Treasury spokesman confirmed that the Treasury Department's semi-annual report on currency practices of major trading partners, due out later this week, will not name China a currency manipulator. Japan, South Korea, Taiwan (Taiwan OTC: 6549.TWO - news) and Switzerland also were again included on Treasury's monitoring list. Commerce Secretary Wilbur Ross has said that the issue of "currency misalignment" - which could also include unintentional devaluations - will be addressed in a ...
  • Canada puts housing speculators on notice as Toronto prices soar

    Canada puts housing speculators on notice as Toronto prices soar

    Finance

    The Liberal government will reportedly slap a new tax on speculators aiming to churn profits by flipping houses and foreign investors parking capital in Ontario real estate. While FRPO shares the government's interest in protecting Ontario's renters, Jim Murphy, FRPO President and CEO, objected to its decision to change rent control legislation without any formal consultation with the very industry it implicates.
  • Ronaldo treble fires Real through — UEFA CL

    Finance

    Barcelona face the Serie A giants in the second leg of their quarter-final, trailing 3-0 from the first leg. "I think we deserved more", fumed Ancelotti. "The team was courageous", Bayern defender Philipp Lahm said. "It hurts to go out in extra time, but we were a man down for over an hour across the tie".
  • Kapanen scores double OT winner as Leafs beat Capitals 4-3

    Kapanen scores double OT winner as Leafs beat Capitals 4-3

    Finance

    Things are quite different now for the Leafs, having pulled even with the top seeds heading into Monday night's Game 3 at the Air Canada Centre. "Maybe we'll tweak something", Trotz said . "We're just going to play game by game, shift by shift, and going to do our best". Yet they know, now, that they have twice played in the home building of the Stanley Cup favorites (embrace that title still, Caps fans), and have essentially played them even for 60 minutes, and more, each time .
  • Retail sales fall for second straight month on weak automobiles

    Retail sales fall for second straight month on weak automobiles

    Finance

    The Big Three automakers reported worse-than-expected sales in March, demonstrating that the market may have plateaued after an unprecedented seventh straight year of record sales. The sales decreases are concerning for analysts, as retail sales are used as an impression measure of consumer spending, reports the Wall Street Journal .
  • Uber tells court it isn't using Waymo robocar sensor secrets

    Uber tells court it isn't using Waymo robocar sensor secrets

    Finance

    Uber and its self-driving truck subsidiary Otto have hit back at the Google-owned self-driving vehicle firm Waymo, denying allegations that they have stolen and copied the latter's lidar sensor technology. "Uber's conduct plainly is created to delay the expedited proceedings ordered by this Court and stonewall Waymo's request for preliminary relief", the court filing reads.
  • Stock Jumping Abnormally High: E*TRADE Financial Corporation (ETFC)

    Stock Jumping Abnormally High: E*TRADE Financial Corporation (ETFC)

    Finance

    KBC Group NV now owns 23,781 shares of the company's stock worth $1,322,000 after buying an additional 230 shares during the last quarter. Manufacturers Life Com The invested in 285,394 shares or 0.01% of the stock. The Pennsylvania-based Twin Management has invested 0.24% in Capital One Financial Corp. Capital One Financial Corp. had 55 analyst reports since July 24, 2015 according to SRatingsIntel.
  • United Kingdom inflation holds steady in March, set to gather steam in April

    United Kingdom inflation holds steady in March, set to gather steam in April

    Finance

    Consumer price inflation has remained at 2.3 per cent in March, remaining at its highest year-on-year level since October 2013. Non-food inflation inched up to 2.3 percent, with costs for health care, housing, transportation and communication all rising, suggesting stronger demand from an increasingly wealthy and rapidly ageing population.
  • Delta cancels more than 3000 flights since Wednesday due to severe storms

    Finance

    Delta Air Lines Inc. struggled to recover on Sunday from strong storms last week that led to 3,700 canceled flights, endangering its reputation for reliability. Delta rescheduled them on a flight for Saturday, but then that flight was canceled. "The operation continues to stabilize ... as things normalize", said Michael Thomas, a spokesman for the No.
  • KFC to stop using chickens raised with human antibiotics

    KFC to stop using chickens raised with human antibiotics

    Finance

    Kentucky Fried Chicken-the largest chicken-on-the-bone quick service restaurant in the USA -today committed to phasing out chicken raised with antibiotics important to human medicine in its US stores by the end of 2018. Officials say it can lead to germs becoming resistant to drugs, making antibiotics no longer effective in treating some illnesses in humans. "The market is responding to consumer demand for better meat".
  • Vegas sports gambler Walters convicted on insider trading charges

    Vegas sports gambler Walters convicted on insider trading charges

    Finance

    The prosecutor said Walters urged Mickelson to buy Dean Foods stock and the golfer then invested $2 million, scoring a profit in 2012 of almost $1 million, which he turned over to Walters to cover gambling debts. Davis, Walters's friend, business partner and golfing pal of more than 20 years, was the government's star witness. Davis used the money to pay off a casino debt and for prostitutes, Berke said.
  • Lok Sabha passes bill to make excise, customs Acts compliant with GST

    Finance

    The way has been cleared for implementation of the biggest indirect tax reform since independence, as the GST was approved by parliament when the Rajya Sabha April 6 passed the four enabling bills its roll out, possibly on July 1. "When we look at the global scenario, the GST rate is below 18 per cent", Sharma said. Under the GST, for one commodity there will be only one tax rate in the country.
  • Markets Right Now: US stocks are off to a mixed start

    Markets Right Now: US stocks are off to a mixed start

    Finance

    Conning Inc. now owns 2,925 shares of the company's stock worth $487,000 after buying an additional 50 shares during the period. (NYSE:STZ) is a huge mover today! About 4.04 million shares traded or 167.55% up from the average. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/04/06/constellation-brands-inc-stz-price-target-increased-to-220-00-by-analysts-at-pivotal-research.html.
  • Misbah to retire from worldwide cricket after West Indies Test series

    Misbah to retire from worldwide cricket after West Indies Test series

    Finance

    The 28-year-old has struggled with his form ever since he shot to stardom in the final over of the T20 World Cup last April in India, when he lashed four consecutive sixes off England's Ben Stokes to win West Indies their second title. The 42-year-old also captained the Pakistan side in 87 ODIs. Singling out Shadab's contribution in the series win, the former South African cricketer said the leg-spinner is an extremely talented player who is getting better with each passing day.
  • Germany threatens online giants with 50 mn euro hate speech fines

    Germany threatens online giants with 50 mn euro hate speech fines

    Finance

    However, the bill is still in the draft stage and will have to be considered by the German parliament and other bodies before it becomes a law. Beyond hate speech and fake news, the draft legislation also covers other illegal content, including child pornography and "terrorism-related activity".
  • Trump signs bill blocking online privacy regulation

    Finance

    Internet service providers could have an easier time selling their customers' data thanks to a Senate vote on Thursday that overturns a Federal Communications Commission rule requiring ISPs to get permission before selling consumer browsing history and other data.
  • Pink Star diamond sells for world record $71.2m

    Finance

    The 14.62 carat vivid blue diamond was sold by Christie's for $57.5 million last May to an undisclosed buyer . But Sotheby's was forced to take it back after that buyer, a New York-based diamond cutter, defaulted on the sale. And the sheer size of the stone already makes it so rare and so lovely. The diamond was first unveiled to the public in May 2003 as the "Steinmetz Pink", and was modeled by Danish model Helena Christensen at a dedicated event thrown to coincide with the Monaco ...
  • 4 things to know about Equal Pay Day

    Finance

    Espaillat. I'm asking everyone to join the fight for women's equality and join the fight for equal pay for equal work. In other words, a woman would have to work until from January 1, 2016 to April 4, 2017 to earn the same wages a man made in the whole of 2016.
  • Tumbling vehicle sales drag down U.S. auto market in March

    Tumbling vehicle sales drag down U.S. auto market in March

    Finance

    However, investors remained muted to the sales number. Forecaster Edmunds.com predicted auto sales rising 2 percent year-over-year in March to 1,609,846 vehicles. The average price paid for a vehicle in March was $34,342, up 1.7% from a year earlier, according to Kelley Blue Book. Fiat-Chrysler sales were down 5% with the Jeep brand taking a hit last month.
  • Anti-allergy medicine EpiPen recall expands to US

    Anti-allergy medicine EpiPen recall expands to US

    Finance

    It says EpiPens distributed between January and March of previous year and EpiPen Juniors from November 2015 to February 2016 were affected. A potential problem with the EpiPen is forcing its maker to issue a voluntary recall . and other continents. Mylan did not provide any information about how the recall came to their attention, or whether there have been any injuries or fatalities as a result of the product failures.
  • SpaceX Successfully Launches, Lands Recycled Falcon 9 Rocket

    SpaceX Successfully Launches, Lands Recycled Falcon 9 Rocket

    Finance

    SpaceX's current equipment consists of the Falcon 9 two-stage rocket system and the Dragon payload and crew module. Musk spoke at a press conference after the launch on Thursday in Florida, and said the ideal turnaround for Falcon 9 rocket reuse would be 24 hours , according to Florida Today .