Economy

Former warlord Hekmatyar returns to Kabul

Former warlord Hekmatyar returns to Kabul

A former prime minister, Hekmatyar was a prominent anti-Soviet commander in the 1980s and stands accused of killing thousands of people from 1992 to 1996. I have no conditions, I don't want ministries", he said. The Prime Minister from 1992 to 1996, Hekmatyar's peace deal was welcomed by the United States and the UN. Read More

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Tesla Consumers Are 'Confused' About One Important Thing, Says Elon Musk

Revenue more than doubled to $2.7 billion from $1.15 billion as Tesla delivered more vehicles in the quarter and saw big increases in its energy generation and storage business after its acquisition of solar panel maker SolarCity Corp. Some analysts are sounding a cautionary note about the Model 3 . Musk's comments and Tesla's report of an nearly US$50 million drop in customer deposits "might indicate an Osborne effect in S/X orders", Brian Johnson, an analyst at Barclays, wrote in a ... Read More

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Puerto Rico announces huge, historic debt restructuring

Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a specific statutory vehicle that allows Puerto Rico and other USA territories to restructure their debt. Board Chairman Jose Carrion did not immediately address those comments, but said in an earlier statement that while the bankruptcy-like process is needed to offset lawsuits, consensual negotiations are still preferable and that the board will pursue those with willing creditors. Read More

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HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B

HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B

As of 10:12 BST, HSBC's share price had added 3.12 percent to 665.30p, outperforming the broader London market, with the benchmark FTSE 100 index now 0.32 percent better off at 7,257.45 points. However, the firm's profits were dealt a hammer blow previous year, with executives attributing the decline to protectionist fears Donald Trump and uncertainties caused by Britain's decision to leave the EU. Read More

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Cliffs Natural Resources Inc. (CLF) fell -20.19 percent over the previous month

Cliffs Natural Resources Inc. (CLF) fell -20.19 percent over the previous month

The counter witnessed a trading volume of 14.57 million shares versus an average volume of 21.83 million shares during last trading session. The company has a market cap of $1.67 billion, a PE ratio of 36.8099 and a beta of 1.63. On 8/21/2014 Robert P Fisher Jr, Director, bought 6,000 with an average share price of $16.46 per share and the total transaction amounting to $98,760.00. Read More

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Civilian, Two Army Jawans Injured During Operation To Flush Militants From Kashmir

Civilian, Two Army Jawans Injured During Operation To Flush Militants From Kashmir

Confirming it, DIG police (South Kashmir range) S.P. Pani said that clashes erupted in these village and that the situation was being brought under control. The security forces had carried out a massive search operation in 20 villages of the district to trace militants responsible for recent attacks on policemen, political activists and also those involved in the recent spate of bank robberies. Read More

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Fed set to leave interest rates unchanged, may hint at June hike

Fed set to leave interest rates unchanged, may hint at June hike

But this week, it's all but sure to take a pause. The wording of the Fed's policy statement strengthens the prospect of two more increases in the benchmarket lending rate this year, likely at the June and September meetings. The balance statement might talk about wage growth finally coming through, unemployment is close to all-time low and one is starting to see pricing pressure works its way through the U.S. Read More

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UNESCO decries 102 journalists' death in 2016

UNESCO decries 102 journalists' death in 2016

The Mexican government has attempted to respond to the violence by establishing a federal prosecutor to investigate threats and attacks against journalists. Everyday we come across news of attacks on journalists. A report by the Media Institute of Southern Africa (Misa) revealed that about 23 journalists were unlawfully arrested or detained while 12 were assaulted by either police or unruly political activists while carrying out their duties a year ago. Read More

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Deadline looms for handing in old £5 notes

Deadline looms for handing in old £5 notes

From tomorrow (May 5), the notes featuring an image of prison reformer Elizabeth Fry will no longer be accepted as currency. The Bank said some banks and building societies may continue to accept the old fiver after May 5 - but this is at their own discretion so people may want to check their bank or building society's policy. Read More

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Apple makes $1B commitment toward more US manufacturing jobs

And by doing that, we can be the ripple in the pond. How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? "And so you can see, we're really looking at this thing deeply". The investment will come in the form of an advanced manufacturing fund that will likely receive approval from President Donald Trump. At the time, Jobs told the president it would be impossible; and as he predicted, the Texas plant has notably struggled to keep up with demand. Read More

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Local residents anxious about family members in Puerto Rico

Local residents anxious about family members in Puerto Rico

The Commonwealth of Puerto Rico is seeking the largest municipal bankruptcy filing in United States history, after failed negotiations with creditors over its $70 billion debt crisis. The mountain of debt has left Puerto Rico struggling and the island - a former Spanish colony of 3.5 million and a US territory for more than a century - has several times failed to make payments. Read More

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UFC to launch women's flyweight division

UFC to launch women's flyweight division

The popularity of women's mixed martial arts grew swiftly with the rise of former 135-pound bantamweight champion Ronda Rousey, prompting the UFC to expand its roster dramatically. An open casting call for The Ultimate Fighter season 26 will be held on Tuesday, May 23 in Las Vegas. Numerous fighters already under UFC contract, including strawweight Paige VanZant, have requested the extra weight class in recent years, hoping to compete closer to their natural weight instead of fighting at ... Read More

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Emmanuel Macron, Marine Le Pen in final duel

Emmanuel Macron, Marine Le Pen in final duel

Oddschecker reports 68% of bets have been placed on Le Pen since her announcement she is to step aside from the National Front and fight the second round of the election as an independent candidate. Le Pen's father, Jean-Marie, told France Inter radio Tuesday that he thinks his daughter has produced a "too laid-back" campaign. While the Républicains' official line is "not to vote Le Pen", Christian Estrosi, head of the Provence-Alpes-Côte d'Azur region, where the FN is very strong, said ... Read More

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US trade deficit narrows in March

US trade deficit narrows in March

Imports from the United States - Canada's largest trading partner, by far - were up two percent, while exports to the USA edged down a fraction of a percentage point. Exports to countries other than the U.S., meanwhile, rose 15.3 per cent, bolstered by sales to China, India and South Korea. Energy products also led a decline in imports, which fell 10.8 percent to $27.5 billion, the lowest value since 2004. Read More

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Acadia Realty Trust (AKR) Upgraded to Hold by Zacks Investment Research

Acadia Realty Trust (AKR) Upgraded to Hold by Zacks Investment Research

Digital Rlty Tr Inc now has $17.76B valuation. World Asset Management Inc now owns 18,601 shares of the real estate investment trust's stock worth $1,807,000 after buying an additional 236 shares during the last quarter. The firm has "Outperform" rating by JMP Securities given on Tuesday, March 29. FRT's value Change from Open was at 1.47% with a Gap of 0.26%. Analysts await AZZ Inc (NYSE:AZZ) to report earnings on July, 4. Read More

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US businesses added solid 177000 jobs in April

US businesses added solid 177000 jobs in April

Last month, you'll recall, this government report from the Bureau of Labor Statistics (BLS) showed a paltry 97K new jobs in the US for the month of March. Financial and business services led the way, with 72,000 jobs added, while education and health services added 41,000 jobs. As far as today's ADP breakdown shows, the top job creators last month were in Professional/Business Services, Education/Healthcare, Leisure/Hospitality, with Construction jobs in the negative after warmer ... Read More

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Sultan Azlan Shah Cup: Mandeep shines as India edge past Japan

Sultan Azlan Shah Cup: Mandeep shines as India edge past Japan

They did get a couple of opportunities to counter-attack but none of these came close to reducing the goal difference, as Australia, the tournament's record champions, delivered a clinical second-half performance. India suffered another jolt when SV Sunil was carded and sent off. Striker Wilcox, from Tolaga Bay, is yet to score at the tournament but played his part in their first victory of the six-nation tournament. Read More

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Driverless Peugeot cars on Singapore's roads from September as part of trial

Driverless Peugeot cars on Singapore's roads from September as part of trial

A French vehicle company and a USA startup are traveling halfway around the world to launch a self-driving auto. NuTonomy wants to build up its autonomous taxi service to a commercial scale and to do that, it will need lots of cars. The European automaker, also the maker of Citroën, announced its "Autonomous Vehicle for All" to bring on-demand autonomous vehicular solutions to the masses. Read More

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Canada To Fight US Lumber Duties

Canada To Fight US Lumber Duties

The Prime Minister's Office said that Trudeau and Trump also discussed bilateral trade in dairy products. During a visit to the cheese-making state of Wisconsin last Tuesday, Mr Trump said "some very unfair things have happened to our dairy farmers and others". Read More

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Ice road warriors: Anaheim Ducks keep trend alive winning at Edmonton Oilers

Ice road warriors: Anaheim Ducks keep trend alive winning at Edmonton Oilers

Louis Blues will duke it out to determine who will gain the edge. The Oilers have won four straight games, three of them on the road, since losing 7-0 to the San Jose Sharks in Game 4 of their first-round series. John Gibson made 21 saves for the Ducks. Previous year the Ducks came back and pushed the series to a Game 7, Ducks fans may not want to see another Game 7 but if the Ducks don't start playing their game they won't get there. Read More

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Bill to avert shutdown for 1 week clears House

Bill to avert shutdown for 1 week clears House

The Senate passed a measure by voice vote after the House approved it in an overwhelming bipartisan 382-30 vote. "This Continuing Resolution will continue to keep the government open and operating as normal for the next several days, in order to finalise legislation to fund the federal government for the rest of the fiscal year", House Appropriations Chairman Rodney Frelinghuysen said upon introducing the bill. Read More

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Price Of Crude Oil Dips On Supply Glut Concerns

Price Of Crude Oil Dips On Supply Glut Concerns

May output is expected to rise by 123,000 barrels per day to 5.19 million bpd, according to the U.S. Energy Information Administration's drilling productivity report . If that is right, May will have the biggest monthly increase since February 2015 and the highest monthly production level since November 2015. US crude futures tumbled following the EIA data release, off $2.7% to $51 a barrel. Read More

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France elections: Le Pen steps aside as National Front leader

France elections: Le Pen steps aside as National Front leader

A Harris Interactive poll showed 47 percent of Fillon's voters would back Macron, while 23 percent would vote for Le Pen. United Kingdom in a Changing Europe research fellow Matthew Goodwin said in terms of political shocks, a Le Pen win would put Brexit and the election of US President Donald Trump in the shade and pose an "existential" blow to France and Europe. Read More

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DoD Releases FY 2016 Annual Report on Sexual Assault in the Military

DoD Releases FY 2016 Annual Report on Sexual Assault in the Military

Defense officials, however, said the anonymous survey done as part of the report showed some progress in fighting sexual assault, as fewer than 15,000 service members described themselves as victims of unwanted sexual contact. Of the estimated victims, 32 percent reported assault. Ten years ago it believed that 7 percent of women and 2 percent of men faced "unwanted sexual contact". Read More

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