Money

Mnuchin: US partners more comfortable with Trump on trade

Separately, Padoan said his relations with new U.S. Treasury Secretary Steven Mnuchin were "improving all the time", although there were naturally "differences" in some areas, as there are within the G7 in general. The Treasury secretary said the administration's commitment to economic growth of 3 per cent would be good for the United States and for the global economy. Read More

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Energy shares lead world stock losses on volatile oil price

Energy shares lead world stock losses on volatile oil price

Brent crude was trading at $48.22 a barrel on Thursday evening - a daily loss of 5% - building on earlier falls sparked by weak Chinese economic data and higher-than-expected USA oil inventories. Oil prices slumped to five-month lows Thursday, dragging on the already slumping The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures. Read More

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US Federal Reserve keeps key lending rate unchanged

US Federal Reserve keeps key lending rate unchanged

In projections released in March, Fed officials indicated two more hikes are on the way, while the futures market believes there's about a coin-flip chance of that happening. There was a 1.2% growth in jobs in Q1 from the prior quarter after 29,000 new positions were created. In the 12 months through March, the index increased 1.8% after rising 2.1% in February. Read More

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Abbas talks with Trump about peace with Israel

At a February press conference with Israeli Prime Minister Benjamin Netanyahu , Trump said, "So I'm looking at two-state and one-state - and I like the one that both parties like", he said. "I'd like to see you hold back on settlements for a little bit", Trump told Netanyahu, even though the Israeli leader said he doesn't see settlements as the "core of the problem". Read More

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Big Australian just BHP again, no Billiton

Big Australian just BHP again, no Billiton

BHP Billiton (BHP.AU) is refocusing on its Australian heritage by dumping the Billiton name 16 years after the merger with the South African group to form the world's largest miner. BHP Billiton was created in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo-Dutch Billiton. Read More

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Emmanuel Macron inaugurated as France's youngest post-war President

Emmanuel Macron inaugurated as France's youngest post-war President

Among the dignitaries present were French Constitutional Council President Laurent Fabius, who formally accorded the presidency to Macron, and outgoing Prime Minister Bernard Cazeneuve. I know that the French expect much from me. His first visit overseas will be to Germany on Monday, to visit with German Chancellor Angela Merkel in Berlin and then in the following days will have to name his prime minister and form a government. Read More

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China-made jet takes off in maiden flight

China's first homegrown narrow-body passenger jet, the C919, took off from the Shanghai Pudong International Airport on its maiden test flight on Friday. Within only 10 days, China has successively launched its first home-made aircraft carrier and large passenger plane, showing its determination to implement "Made in China 2025", a plan to transform China from a manufacturing giant into a world manufacturing power. Read More

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G-7 nations seek ways to make growth help more people

Canadian Finance Minister William Morneau, right, talks with President of the German Central Bank Jens Weidmann as they exit the Castle of Bari , venue of the G7 of Ministers of finance, in Bari , southern Italy, Friday, May. "Our objective is to create opportunities for American workers to make things and export them", said Mnuchin, pointing to the administration's recent move to allow USA farmers to sell beef to China. Read More

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With Emmanuel Macron on board, Paris 2024 bid is 'ready right now'

Centrist Macron, who took power on Sunday after beating far right leader Marine Le Pen in last week's run-off, has pledged his support for the French bid and has said he would speak with the IOC's commission "next week". "The whole of France is coming together to support Paris 2024 and is ready to welcome the world to our country for a unique celebration of sport, inclusion and friendship". Read More

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All conquering Blitzboks are the best in the world … by far

The quarter finalists for Day Two are Scotland, South Africa, New Zealand, USA, Samoa, Fiji, England, and France in its best finish for the season in front of a very vocal home crowd. Powell added: "We are not finished though, we want to finish the series strong next week in London and keep chasing that ideal game". "It was massive for us and then losing another one with a concussion head knock in the game against the U.S. Read More

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Renault stops production at some sites after cyber attack

Renault stops production at some sites after cyber attack

According to Automotive News , Renault temporarily ceased production at its Sandouville plant, while alliance partner Nissan halted assembly at its Sunderland plant in the United Kingdom amid ransomware worries. An English plant of Renault's alliance partner Nissan was also hit by the attack. In October, Nissan said it would build new models at the plant. Renault also said malfunctioning IT systems had led it to curtail activity at a plant operated by its Dacia subsidiary in Mioveni, ... Read More

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Match Previews: Tottenham Hotspur v Manchester United

There'll be a sadness that the Lane has gone but Tottenham need the new stadium now. In the last round, Manchester United lost to Arsenal, thereby interrupting the 25-match unbeaten series, but here everything is more pragmatic calculation, and action on the situation, and you probably know the situation in the club, where there are still five players in the infirmary. Read More

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Oil rebounds above $50 on latest United States stockpile figures

In the report, OPEC pointed to continued high compliance by its members with the supply deal and said oil stocks in industrialized nations fell in March - although they are still 276 million barrels above the five-year average. Stockpiles probably dropped by 2 MMbbl last week, according to a Bloomberg survey before EIA data Wednesday. The Opec deal reached in November helped lift prices but also breathed new life into United States producers, who have boosted drilling in shale ... Read More

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RPS Group plc's (RPS) "Add" Rating Reaffirmed at Numis Securities Ltd

Among 12 analysts covering SuperGroup (LON:SGP), 10 have Buy rating, 0 Sell and 2 Hold. 2,615,053 shares of the stock traded hands. Citigroup maintained the stock with "Buy" rating in Friday, May 13 report. Therefore 35% are positive. Hurricane Energy PLC has a 52-week low of GBX 14.44 and a 52-week high of GBX 67.90. The stock was sold at an average price of GBX 575 ($7.44), for a total value of £11,413.75 ($14,761.70). Read More

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New S. Korea President to Defuse Tensions

Left-leaning Moon Jae-In, a former human rights lawyer, backs engagement with North Korea in the quest for peace - in contrast to the threatening rhetoric from the Trump administration in recent weeks. Chinese President Xi Jinping discussed nuclear tensions on the Korean peninsula with South Korea's new liberal President Moon Jae-in on Thursday, state television said, as Moon set about addressing a raft of problems posed by the North's defiance. Read More

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White House meeting on Paris climate accord postponed

The Union for Reform Judaism, the American Jewish World Service and the Coalition on the Environment and Jewish Life joined 20 other religious groups in urging Trump to adhere to the agreement, which was reached in 2015 and signed in 2016. The G-7 meeting is expected to be a prime opportunity for world leaders to push Trump to stay in the historic 2015 pact, in which each of almost 200 countries agreed to their own nonbinding cuts or limits in greenhouse gas emissions. Read More

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Mobile to roll out 5G over 600 MHz and other spectrum

Mobile to roll out 5G over 600 MHz and other spectrum

The 5G network will use spectrum that the carrier won at auction , says CNET. You can bet that there will be a lot of people, especially T-Mobile's rivals, who will jump on the carrier if it cannot reach those goals. With that said, the German holding company hasn't necessarily ruled out the use of millimeter wave bands for their upcoming 5G efforts. The company plans to dedicate part of its newly acquired 600MHz spectrum to LTE and the rest to 5G. Read More

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AstraZeneca plans Imfinzi submission after trial

AstraZeneca plans Imfinzi submission after trial

Provident Financial (PFG ) fell 1% as the lender reported that its performance in the first quarter was in line with market expectations. At the other end of the spectrum has been Hikma Pharmaceuticals (LON:HIK), whose shares continue to be sold off after the company said yesterday that it was facing a delay in the regulatory approval of its generic version of GlaxoSmithKline's (LON:GSK) respiratory treatment Advair. Read More

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Moon condemns NK missile test, urges it to halt provocations for dialogue

It impacted "so close to Russian soil. the president can not imagine that Russia is pleased", the White House said. The White House says North Korea has been "a flagrant menace for far too long". "The North wants to show before negotiations that their precious, powerful weapon is not something they would give up so easily", Yang said. In Beijing, Chinese President Xi Jinping told his Russian counterpart Vladimir Putin that their countries are both playing an "important role as a balancing ... Read More

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Delphi to spin off powertrain unit into separate company

Delphi to spin off powertrain unit into separate company

About 2.91M shares traded or 60.77% up from the average. The Beta for the stock stands at 1.21. Company's distance from 20 day simple moving average is 13.33% and distance from 50-Day simple moving average is 11.84%. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Shares of Delphi Automotive PLC (DLPH ) touched the day high at $88.35 while its day Low was at $84.02. Read More

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Renault expects return to normal production on Monday after cyber attack

A Renault auto company logo is seen outside an automobile dealership in Nice, France, March 29, 2016. "We are doing what is needed to counter this attack". "Production was affected overnight but luckily there was no full production scheduled for this weekend, only some "stamping" operations", he said. "Efforts to localise the infected server are underway to prevent (the ransomware) from spreading", he said, adding that his ministry was working with other authorities, including the Health ... Read More

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China tests new guided missile in Bohai Sea

While no other country has claims in the busy Bohai Sea, the drills come amid heightened tension on the Korean peninsula, including Chinese anger at the deployment of the US anti-missile defense system THAAD in South Korea last month. The drills in Bohai come as Chinese officials earlier warned that they would test new weapons in the area, apparently seeking to remind the US and South Korea that the deployment of THAAD would not go unnoticed. Read More

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U.S. President Trump To Visit Saudi Arabia, Israel, Italy This Month

U.S. President Trump To Visit Saudi Arabia, Israel, Italy This Month

On the National Day of Prayer, President Donald Trump announced his first official trip overseas will be to three religious meccas: Saudi Arabia, Israel and Italy, where he will meet with Pope Francis. One commentator told Saudi state television that the USA president 'will provide a security blanket for Washington's allies in the region'. The officials promised a more robust USA engagement focused on countering both Iran and Daesh, and fostering "tolerance among the three religions", ... Read More

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Streaker invades Eurovision stage in Kiev

Streaker invades Eurovision stage in Kiev

Sobral was crowned victor during a tense finale in Kiev, Ukraine, marking the first time Portugal has finished inside the top five since they first entered the competition in 1964. Romania fielded a duo that combined rap and yodelling. Ukraine is hosting the competition while the country is fighting a war, hundreds of kilometers away in the east, against Russian-backed separatists, after its Crimean Tatar entry Jamala won the competition previous year. Read More

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Oil prices dip to lowest level in five months

An extension to the production cut agreement is far from a done deal, with many details to be negotiated, including cut levels, exemptions and duration, amid an increasingly sceptical market. United States equities also were lower, with losers led by the energy sector, which fell 2.24 per cent to its lowest since August. US crude stocks stood at 527.8 million barrels, only 7 million barrels from a record high. Read More

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