TapForMobile
  • China warns ASEAN vs 'outside parties' in South China Sea

    China warns ASEAN vs 'outside parties' in South China Sea

    Duterte made a state visit to China a year ago, and also threatened to sever security cooperation with Beijing's traditional rival, the United States . "Sanctions are necessary but in no way the ultimate goal". Cambodia, one of China's strongest allies within ASEAN, has firmly resisted, according to the diplomats as well as an excerpt of the proposed Cambodian resolution obtained by AFP on Sunday.

    Continue Reading...
  • Hospitals add 7.3k jobs in July, continue job growth

    Hospitals add 7.3k jobs in July, continue job growth

    The labor-force participation rate, a measure of the share of people with jobs or looking for employment, was 35% for teens in July. In raw numbers , the U.S. McDonald's ( MCD ) said in mid-June that the fast-food chain and its franchisees will add 250,000 workers this summer - more than the Golden Arches hired a year ago.

    Continue Reading...
  • Bank of England slashes its growth forecast (again)

    Bank of England slashes its growth forecast (again)

    The Bank today attempted to prime markets that monetary policy may need to be tightened by a "somewhat greater extent" than investors are now anticipating. Michael Saunders and Ian McCafferty voted again for a 25 basis point rate rise. Kristin Forbes, a hawk, has since been replaced with Silvana Tenreyro, who voted to hold the rate steady in Thursday's decision.

    Continue Reading...
  • Sprint's trick to making money: A year of free of service

    Sprint's trick to making money: A year of free of service

    Sprint , which is unprofitable and has a lot of debt, had proposed an acquisition by Charter, according to published reports . The company has been exploring deal options with T-Mobile US Inc but faces the hurdle of reaching an agreement on price as well as getting the deal approved by regulators.

    Continue Reading...
  • HSBC profits up 5% in first half of 2017

    HSBC profits up 5% in first half of 2017

    The lender reported pre-tax profits of US$10.2 billion compared to US$9.7 billion for the same period in 2016. He said the bank's strong capital generation means it is likely to keep its annual dividend at $0.51 per share and every six months look at whether it has more capital than it needs to increase lending profitably and meet regulatory needs.

    Continue Reading...
  • Sensex, Nifty Seen Up As Earnings Bring Cheer

    Sensex, Nifty Seen Up As Earnings Bring Cheer

    The Dow rose 0.3 percent to reach another record closing high, while the Nasdaq Composite dropped 0.4 percent and the S&P 500 edged down 0.1 percent. The rupee opened at 64.10 per USA dollars against Monday's closing rate of 64.18. "Moderation in inflation to below RBI's target of 4 per cent heightened the expectation of rate cut during the next monetary policy", said Vinod Nair, Head of Research, Geojit Financial Services.

    Continue Reading...
  • Starbucks Corporation (SBUX) To Close All 379 Teavana Stores

    Despite the closings, Starbucks said that it will still be selling Teavana drinks in its Starbucks stores and bottled Teavana beverages at grocery stores. "Slowing growth is suggestive of maturation, interesting as Starbucks estimates it has slightly over 13 million My Starbucks Rewards members out of approximately 75 million available customers".

    Continue Reading...
  • United Kingdom to ban sale of petrol and diesel cars by 2040

    United Kingdom to ban sale of petrol and diesel cars by 2040

    U.K. Environment Minister Michael Gove announced a $3.9 billion air pollution plan on Wednesday, which included the ban on fossil-fueled cars . "We can't carry on with diesel and petrol [gasoline] cars", he said, "not just because of the health problems that they cause, but also because the emissions that they cause would mean that we would accelerate climate change , do damage to our planet and the next generation".

    Continue Reading...
  • EPS Marches Higher As General Motors Exits Europe

    EPS Marches Higher As General Motors Exits Europe

    Vanguard Group Inc owns $3.22 billion in General Motors Company , which represents roughly 5.94% of the company's market cap and approximately 8.02% of the institutional ownership. Nomura reissued a "buy" rating and issued a $14.80 target price on shares of Ford Motor in a research report on Tuesday, May 2nd. Vetr cut Ford Motor from a "strong-buy" rating to a "buy" rating and set a $12.45 price target for the company.in a research note on Wednesday, May 31st.

    Continue Reading...
  • Shackelford: Branden Grace 'in the zone' as he opens Club 62

    Grace got the round started with a birdie on the first hole, then made back-to-back birdies on the par-3 fourth and par-4 fifth. The South African shot an 8-under-62 Saturday, the lowest score ever in a major championship. In literally hundreds of thousands of rounds major golf, this is the first time a 62 has been written in a scorecard. He is now 4-under and figures to be in the thick of the final-round race for the Claret Jug.

    Continue Reading...
  • GE cuts costs but shares hit by weak outlook

    GE cuts costs but shares hit by weak outlook

    Revenue from its power business rose 5%, while health care rose 4% and aviation was flat. Both sides agreed unanimously on the arrangement in October, with the oil and gas unit of GE taking a 62.5 percent stake in Baker Hughes for an entity with combined revenue of $32 billion.

    Continue Reading...
  • Reckitt leads Britain's FTSE up on food business sale

    Reckitt leads Britain's FTSE up on food business sale

    Kurzius said in a statement late Tuesday. The addition of Mead Johnson's infant and children's nutrition business is expected to increase Reckitt Benckiser's revenues in consumer health by approximately 90 percent and increase its developing market scale by approximately 65% percent.

    Continue Reading...
  • Thousands of student debts could disappear due to missing paperwork

    Thousands of student debts could disappear due to missing paperwork

    This is an important story, particularly if you are one of the students who has one of these loans. That leaves roughly $108 billion in private student loans , of which National Collegiate holds $12 billion, or 11%. "I question whether they actually possess the documents necessary to show that they own loans", Ms. Smith said. Statistics from website Student Loan Hero showed that Americans, overall, owe more than $1.4 trillion in student loan debt spread between almost 44 million borrowers.

    Continue Reading...
  • Frontier Airlines to expand service from MIA to nine more cities

    Frontier Airlines to expand service from MIA to nine more cities

    It previously offered service in Oklahoma City , but the company left in 2015 in order to cut costs and refashion itself as a budget airline . The Denver-based carrier announced the four weekly nonstop flights on Tuesday. "With today's return announcement, it's a sign Frontier once again recognizes the value of the Palm Springs resort destination to their Denver market", said City Manager David H.

    Continue Reading...
  • Parties call meeting over Presidential election today

    Parties call meeting over Presidential election today

    Green-coloured ballot papers will be there for MPs and pink for MLAs. The presidential polling was the highlight of the first day of the monsoon session of Parliament that saw Prime Minister Narendra Modi reaching four minutes before polling started to cast his vote.

    Continue Reading...
  • Hundreds of fires rip through Canada, US

    Hundreds of fires rip through Canada, US

    This fire had spread to over 37 square miles and had affected the dwellings of hundreds of people. There are 1,800 people registered now, Turner said. To the south a 17-square-mile (44-square-kilometer) wildfire is 25 percent contained. The fire burning in the Keystone area of Medicine Bow National Forest began July 3.

    Continue Reading...