Economy

Hong Kong's Cathay Pacific posts first annual loss since 2008

Hong Kong's Cathay Pacific posts first annual loss since 2008

Cathay has typically held up its premium service as its calling card, but business has faltered with state-backed mainland Chinese and Gulf carriers as well as budget airlines luring away passengers with cheaper fares. Wong said cost-cutting was the path back to profitablity but believed the firm needed to be clearer about what its restructuring would entail to win back investor confidence. Read More

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US Producer Price Index Hikes in February

US Producer Price Index Hikes in February

Bureau of Labor Statistics reported Tuesday. Producer prices rose 2.2% for the twelve months ended February 2017, which is the largest increase since the twelve months ended March 2012. Prices for final demand services ticked up 0.4% in February. "This is consistent with how the FOMC sees the economy evolving". Federal Reserve officials were expected to start a two-day policy meeting later on Tuesday.The Fed is widely believed to be inclined to raise its overnight benchmark interest rate ... Read More

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Hammond U-turns on self-employed NIC rates hike

Hammond U-turns on self-employed NIC rates hike

Ahead of Autumn Statement past year, the Prime Minister and I decided that, however hard the fiscal challenges we face, the tax-lock and spending ring fence commitments we made for this Parliament should be honoured in full. In PMQs, Corbyn said that Prime Minister May should apologise for the "chaos" caused for 4.8 million self-employed people in Britain and pressured her to reveal how the hole left by the abandoned policy would be filled. Read More

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Citrix Is Working With Goldman Sachs on Potential Sale Process

Citrix Is Working With Goldman Sachs on Potential Sale Process

Analysts giving shares a rating of 1 or 2 would be indicating a Buy. In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for Citrix Systems, Inc.as 664.42 Million. To analyze a stock, one should look for Upgrades and Downgrades of a stock. Shares were as high as $87.99 a share, and closed at $84.93 a share, up almost 7 percent. Read More

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Fed Policy Keeps Stock ETF Traders on Edge

The Dow Jones Industrial Average fell 47.79 points, or 0.23 percent, to 20,833.69, the S&P 500 lost 10.23 points, or 0.43 percent, to 2,363.24 and the Nasdaq Composite dropped 26 points, or 0.44 percent, to 5,849.78. Brent crude, which is used to price worldwide oils, added 87 cents to $51.79 per barrel in London. Benchmark U.S. crude rose $1.02 to $48.74 a barrel in electronic trading on the New York Mercantile Exchange. Read More

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Volkswagen CEO not ruling out merger with Fiat Chrysler

Volkswagen CEO not ruling out merger with Fiat Chrysler

Marchionne has always been on a crusade for more mergers and greater partnership within the auto industry to share the huge cost of development of cleaner, more technologically advanced vehicles. (NYSE:FCAU) Auto Manufacturers - Major is valued at 16975.75. "At the present time, there is no contact between me and Mr. Marchionne", Matthias Muller told the group's annual press conference in Wolfsburg, Volks's headquarters in Northern Germany. Read More

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Is OPEC headed for a showdown with USA shale?

January production in the world's largest oil exporter was revised to 9.8 million barrels a day. A new report from OPEC shows the group slashed production further in February as its members largely fulfilled promises to reduce output. US shale oil production had been in retreat as oil prices tumbled from above $100 a barrel in 2014 to below $30 in 2015, making costly fracking processes less profitable. Read More

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FDA official under Bush is Trump's choice to lead agency

FDA official under Bush is Trump's choice to lead agency

She noted that the FDA of late has allowed drug approvals based on "skimpier research". What does his appointment mean for the agency's dual mission of protecting and promoting public health? "Longer, larger trials that require drug makers to evaluate "hard" endpoints (like how long a cancer patient lives) rather than "surrogate" endpoints (like a drug's ability to shrink tumors) give FDA reviewers more statistical confidence". Read More

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Americans Not Sold On Cost And Coverage Claims In GOP's Health Bill

Americans Not Sold On Cost And Coverage Claims In GOP's Health Bill

Under the new bill, that will no longer be a requirement. "The American Health Care Act is a necessary step to getting our nation's health care system on a sustainable path". The Republican bill does away with those. Based on Kaiser's analysis, this will shift the cost of healthcare mostly for seniors and poorer Americans, who will see their insurance subsidies fall dramatically under the AHCA. Read More

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US To Plan Indictments Related To Yahoo Hacking

The hacks came to light a year ago and threatened to derail the sale of Yahoo's web operations to Verizon Communications Inc. According to a source aware of this sensitive legal matter, the government officials suspect that one of these alleged hackers resides in Canada while the other three are from Russian Federation. Read More

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Oil extends losses to three-month lows, tests slide

Oil extends losses to three-month lows, tests slide

OPEC's monthly report said oil stocks in industrialized nations rose in January to 278 million barrels above the five-year average, with USA shale and other non-OPEC supply gaining. West Texas Intermediate for April delivery rose as much as US$1.15 to US$48.87 a barrel on the New York Mercantile Exchange and was at US$48.49 at 7:34 a.m.in London. Read More

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Tokyo stocks down, Fed meeting in focus

Tokyo stocks down, Fed meeting in focus

Having posted its second-biggest daily gain this year in the previous session, MSCI's broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS was up 0.1 percent near the day's highs in cautious trading. Margaret Yang, a market analyst at CMC Markets in Singapore, said the so-called Brexit process could begin as early as the last week of March. The so-called core PPI rose 0.2 percent in January. Read More

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Production gains seen in some OPEC members

Production gains seen in some OPEC members

USA light sweet crude or West Texas Intermediate, tracked by United States Oil, fell 1.04 to 47.36 at 10:02 a.m. ET. OPEC said crude-oil production by its members in February, based on secondary sources, fell by 140,000 barrels a day from the previous month to average 31.96 million barrels a day. Read More

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European poll jitters buffer gold against prospects of higher U.S. interest rates

European poll jitters buffer gold against prospects of higher U.S. interest rates

Gold opened at $1,205 and reached a high of $1,209.55, up by 0.7% or $8.15 per troy ounce on Monday in European markets and is now at $1,208.5, up by 0.33% or $4.00 0945 GMT in the COMEX gold futures for April at the time of writing. The growing uncertainties over the possible outcome of the elections has driven gold prices to climb, as many investors turned to this commodity as a safe haven for investments. Read More

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Which insiders are buying Spectra Energy Partners, LP (SEP)?

Which insiders are buying Spectra Energy Partners, LP (SEP)?

Average Revenue Estimate for the current quarter is $6.57 Billion, according to consensus forecast of 6 analysts. 03/25/2015 - New Source Energy Partners L.P. The consensus recommendation, according to Zacks Investment research, is 2.57. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark law. Read More

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Syncrude responds to fire at northern Alberta oilsands site

Syncrude responds to fire at northern Alberta oilsands site

In a release, police say they are not able to confirm at this time if there have been any injuries or what the cause of the explosion is. Syncrude spokesman Will Gibson said access to the site has been restricted. "One Syncrude employee was injured and immediately attended to by Syncrude Emergency Services prior to being transported to hospital for medical attention". Read More

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Toshiba plans to sell U.S. nuclear unit

Toshiba plans to sell U.S. nuclear unit

The multinational conglomerate has reportedly called in bankruptcy lawyers after missing an earnings deadline for a second time, according to Reuters . He said the company will be focusing mainly on infrastructure, energy other than the overseas nuclear business and electronic devices, saying the new Toshiba group is expected to see ¥4 trillion in sales and ¥210 billion operating profit in fiscal 2019. Read More

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Notable Buzzer: Petroleo Brasileiro SA- Petrobras (NYSE:PBR)

The Stock now has a Weekly Volatility of 3.17% and Monthly Volatility of 2.76%. Analysts mean target price for The Blackstone Group L.P. (NYSE:BX) is $35.13 while their mean recommendation is 1.80 (1=Buy, 5=sell). Petrobras reported a price of 9.05 today, indicating a change of 0.22%. The company shares are up 101.3% from one year low and is up $4.66 since then. Read More

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Scarlett Johansson is 'Complict' in this SNL sketch about Ivanka Trump

Scarlett Johansson is 'Complict' in this SNL sketch about Ivanka Trump

A few weeks later, the one that will soon be seen in the poster of Ghost in the shell is always mobilized. Ivanka Trump has talked about women in the workforce and portrayed her father as an advocate for working women. " She's loyal, devoted ... but probably should have bounced after the whole Access Hollywood bus thing ". Thoughtfully, the fragrance also comes in a cologne for Ivanka's husband, Jared Kushner, who's also among the president's senior advisers. Read More

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French Connection reports ninth year of losses

French Connection reports ninth year of losses

French Connection , which made a name for itself selling FCUK branded clothes, has been struggling to fend off competition from fast-fashion rivals such as ASOS Plc (ASOS.L), Forever 21 and Inditex's (ITX.MC) Zara. "By our estimates, the business should be worth between £80 million and £100 million". The board is a mockery of modern corporate governance. However, it said the business had been "partly held back" by a poorer performance at its wholesale and licensing divisions. Read More

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