Money

Le Pen upstages rival Macron with stop at factory

Le Pen upstages rival Macron with stop at factory

While Macron is the overwhelming favourite to become French president on May 7th, should Le Pen pull off an unlikely victory Swiss politicians would be left reeling. On France 2 television, Macron said the 48-year-old Le Pen would bring disaster to the economy and divide it with "hatred". Le Pen started her day at the Rungis wholesale market outside Paris , calling for more food to be produced and consumed in this country known as the gastronomic center of the Western world. Read More

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Oakbrook Investments LLC Reduces Position in Medical Properties Trust, Inc. (MPW)

Oakbrook Investments LLC Reduces Position in Medical Properties Trust, Inc. (MPW)

Medical Properties Trust has a 12 month low of $11.54 and a 12 month high of $15.91. Volatility of the shares is also to be considered while making the investment decisions. Per share Normalized FFO decreased 6% to $0.33 per diluted share in the first quarter compared with $0.35 per share in the first quarter of 2016 due to the Company's successful deleveraging in 2016 that represented nearly $800 million in asset sales and a well-received upsized equity offering of 57.5 million shares of ... Read More

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Oil Prices Turn Corner After WTI Dips Below $45

This year has seen the oil price hold fairly stable above the $50 mark, but in recent days, it has fallen below this mark and is now trading at $48.8 (slipping from $55.4 over the course of the week), a six month low. Germany's DAX was down 0.1 percent at 12,633 and Britain's FTSE 100 was up nearly 0.1 percent at 7,249. From Exxon Mobil Corp.to Total SA, the world's largest listed oil companies have sent a message to skeptical investors and rivals at OPEC: we can get by in a world of $50 a ... Read More

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US to seek social media details from certain visa applicants

US to seek social media details from certain visa applicants

The State Department also said it would not ask for passwords or otherwise "attempt to subvert any privacy controls the applicants may have implemented". Other countries which have similar vetting procedures include Australia which collects the travel information of asylum seekers, and the travel's funding information, from 30 years to the entirety of the applicant's life. Read More

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North Korea accuses U.S. of plotting to assassinate president

North Korea accuses U.S. of plotting to assassinate president

The report alleged that the Central Intelligence Agency, in conjunction with South Korea and a North Korean citizen identified only as Kim, attempted to kill the nation's leader at a recent military parade. It comes a day after the U.S. House of Representatives overwhelmingly approved legislation to impose fresh sanctions against North Korea. Tensions between the West and the reclusive regime have spiked in recent weeks amid Pyongyang's threats to carry out a sixth nuclear test. Read More

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Trump seeks corporate tax rate of 15% in plan

He said Monday that Trump is "very determined" that the USA can achieve sustained economic growth of 3 percent or greater, which would pay for the tax cuts along with "trillions of dollars" brought in from offshore havens. "Any actions to undermine these protections encourage Wall Street's risky behavior and leave taxpayers and our economy exposed to another catastrophe", Brown said. Read More

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Prudential PLC reiterated as Buy By Berenberg Bank

The stock decreased 1.36% or $0.09 on April 24, reaching $6.51. About 29,994 shares traded. (NYSE:AMN) has risen 19.31% since September 16, 2016 and is uptrending. The Go-Ahead Group plc is a public transport provider. The firm has "Buy" rating by Topeka Capital Markets given on Thursday, October 8. Peel Hunt maintained the stock with "Buy" rating in Friday, June 3 report. Read More

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Governor's office not notified of DOJ decision

He assigned a prosecutor from the Louisiana Department of Justice to assist the Louisiana State Police, claiming that no other unit in the state "has more experience or more expertise in the use of lethal force by law enforcement agents". "The federal government has seen every piece of evidence". As Landry, he cautioned that a thorough and complete investigation could take a considerable amount of time and asked for patience from the public and the media. Read More

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Tension as Oil Price Sinks to a 5-month Low

Brent crude prices fell under $US50 a barrel to be down more than 5% as well. West Texas Intermediate ( WTI ) or U.S. crude was hovering around $45 a barrel on the worldwide market. Money managers slashed gross long positions in New York Mercantile Exchange crude oil to the lowest since early November. If OPEC extends the deal, U.S. Read More

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France's Hollande tells ministers to ensure big election defeat for Le Pen

France's Hollande tells ministers to ensure big election defeat for Le Pen

Voter turnout in France was over 75 percent, which is actually the lowest in a French presidential election for more than 15 years. Macron led Sunday's first round, taking 24.01 per cent of the vote while Le Pen garnered 21.30 per cent. French Chief Rabbi Haim Korsia accused Le Pen of "fomenting hatred and war between the government and religions, as well as interreligious animosity" with her statement. Read More

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C919 jet set for maiden flight, in test of China's aviation ambitions

C919 jet set for maiden flight, in test of China's aviation ambitions

The single-aisle plane is created to carry between 155 and 175 seats, and fly 2,530 miles (4,075 km). After the landing, the aircraft taxied to a parking bay, where journalists gathered to film the aircraft's five man crew emerge. Air China (601111.CN), China Eastern Airlines (600115.CN) and China Southern Airlines (600029.CN) together placed US$20 billion worth of orders for new aircraft previous year alone. Read More

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Asian Market Points to Lower Open on Wall Street

In a statement, policymakers led by chair Janet Yellen acknowledged that household spending growth had grown "only modestly" lately, but they emphasised that the "fundamentals" behind consumption growth remained solid. "We're feeling that way and so far haven't seen anything to change that", Fischer said in an interview with CNBC, attributing much of the slowdown of the USA economy in the first quarter to seasonal factors that will go away as the year progresses. Read More

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Google CEO Sundar Pichai made almost $200 million in 2016

Not surprisingly, CFO Ruth Porat said mobile search growth remains the biggest driver behind Google's paid click momentum, with YouTube and programmatic (software-automated) ad sales also playing roles. Alphabet doesn't break out revenue for YouTube. Traffic-acquisition costs are what Google pays partner websites to carry ads. Revenues at this " Other Bets " division climbed to $244m (£189m), up from $165m (£127m) in the year-ago quarter, mostly thanks to Nest, Verily and Fiber. Read More

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Oil drops below $45 for first time since OPEC deal

Crude has fallen below US$47 a barrel for the first time since the Organisation of Petroleum Exporting Countries (Opec) agreed to cut output in November. Better-than-expected USA non-farm payrolls data showed jobs growth rebounded sharply last month, with 211,000 added and the national unemployment rate down to near a 10-year low at 4.4%. Read More

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Higuain double sends Juve close to Champions League final

Higuain double sends Juve close to Champions League final

Monaco in the domestic arena have scored nearly 100 goals in the knockout stages of the Champions League in spectacular style consistently knocked out Manchester city and Borussia D. Higuain's shot in 28′ gave Juventus the lead in the first half. The sheer speed of Juventus' approach play took Monaco by surprise, prompting coach Leonardo Jardim to frantically gesticulate to his players early to close down their opponents higher up the pitch. Read More

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GDP Growth Has Not Topped 2.7% in Record 11 Years

GDP Growth Has Not Topped 2.7% in Record 11 Years

The expected sluggish first-quarter growth pace, however, is not a true picture of the economy's health. The labor market is near full employment, generating stronger wage growth, and consumer confidence is near multi-year highs. The GDP of USA has only increased at a 0.7% annual rate, which was the lowest performance since the year 2014's first quarter. The weakness in consumer spending is blamed on a mild winter, which undermined demand for heating and utilities production. Read More

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N'Assembly Increases Its Budget to N150bn, Lays 2017 Appropriation Bill Thursday

N'Assembly Increases Its Budget to N150bn, Lays 2017 Appropriation Bill Thursday

The Senate President, who spoke while inaugurating an ad-hoc committee set up by the Senate to investigate the alleged assassination attempt on Dino Melaye, and the raid of the home of Senator Danjuma Goje, both serving lawmakers in the Eighth National Assembly, stated that the Senate would not hesitate to invoke its legislative powers to deal with further incidence of harassment and intimidation of lawmakers. Read More

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Trump Says Nafta Deal With Canada, Mexico, Is 'Very Possible'

Trump Says Nafta Deal With Canada, Mexico, Is 'Very Possible'

Canadian Prime Minister Justin Trudeau had a similar phone call with Trump on Wednesday in which he told the USA president that canceling NAFTA would cause a lot of disruption and be painful for many families. The United States went from running a small trade surplus with Mexico in the early 1990s to a $63 billion deficit in 2016. Mr Trump is racing to pass a raft of measures before he reaches the symbolically important 100-day mark in office this weekend. Read More

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Gold dips below Rs 29000 on weak global cues, low demand

Gold prices fell to a fresh three-week low Tuesday in early USA trading as the Federal Reserve readies to begin a two-day policy meeting in which its policymaking committee is largely expected to hold interest rates steady. Gold is highly sensitive to rising USA interest rates, as it increases the opportunity cost of holding nonyielding bullion, while also boosting the dollar. Read More

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Jefferies International Reiterated Prudential PLC (LON:PRU) As 'Hold'

Since January 1, 0001, it had 0 buys, and 1 sale for $16.67 million activity. Berenberg Bank now has GBX 725 ($9.27) target price on the stock. Nuvista Energy Ltd. In a note to clients, Jefferies' analysts said the recent re-rating "has reflected improving macro conditions alongside continued operational momentum driven by the group's franchise power backed by a management team of delivery". Read More

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Fed holds interest rates steady, downplays first quarter economic weakness

Fed holds interest rates steady, downplays first quarter economic weakness

The US Federal Reserve kept interest rates on hold at its latest policy meeting, remaining upbeat on economic prospects despite weak first quarter growth. While the Fed didn't foreshadow a June hike in its policy statement released Wednesday, it did express confidence in the underlying strength of the economy and saw some disappointing recent economic results as only "transitory". Read More

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Government-wide spending bill headed for a House vote

Government-wide spending bill headed for a House vote

Minority Leader Nancy Pelosi, who helped shepherd the Affordable Care Act into law seven years ago, issued a statement Wednesday shortly after House GOP leaders announced plans to vote on their measure. Lawmakers are putting off until later this year fights over President Donald Trump's promised wall with Mexico and massive Pentagon buildup. The funds included in the bill for border security can be used to fix existing fencing and barriers along the border. Read More

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'Made in China' C919 passenger jet takes maiden flight

'Made in China' C919 passenger jet takes maiden flight

Commentators are divided on the potential for the plane, but some argue it could pose a major threat to the current Boeing/Airbus duopoly in large commercial aircraft. But even Comac workers conceded in conversations with Fortune that their first plane, the C919, wouldn't do that. Friday's flight included a skeleton crew of five people and carried no passengers. Read More

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United CEO Munoz on hot seat as Congress examines air travel

United CEO Munoz on hot seat as Congress examines air travel

United CEO Oscar Munoz on Tuesday apologized again to Dao before the Transportation and Infrastructure Committee with the House of Representatives. Dao's attorney has praised the airline and Munoz for accepting responsibility and not blaming others, including the city of Chicago, whose airport security officers yanked Dao from his seat and dragged him off the United Express plane. Read More

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GOP-led panel OKs bill to overhaul Dodd-Frank

GOP-led panel OKs bill to overhaul Dodd-Frank

While Republicans in Congress craft a bill to unwind the tighter financial rules that took effect after the 2008 crisis, President Donald Trump is looking in another, seemingly opposite direction: He's entertaining the idea of restoring the Depression-era firewall between commercial banking and its riskier investment side. Read More

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