Finance

Fed holds interest rates steady, dismisses first quarter slump as 'transitory'

The US Federal Reserve has said it expects a recent slowdown in the US economy to only be temporary. A gauge of factory employment dropped to its lowest level since October, which could pose a risk ...

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Bank of England keeps rates at record low as economy slows

The rest will opt to leave policy unchanged, according to a Reuters poll of City economists. The Bank said weakening consumer spending growth would lead to lower GDP growth, although higher exports an...

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UNITE Group plc (UTG) Given Hold Rating at Jefferies Group LLC

Legal & General Group Plc now has a consensus rating of "Hold" and an average price target of GBX 253.36 ($3.28). The company has market cap of $32.40 billion. The firm has "Buy" rating by Sandler O'N...

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Sprint, SoftBank start early deal talks over T-Mobile: BBG

Sprint, SoftBank start early deal talks over T-Mobile: BBG

An earlier attempt by Sprint to buy T-Mobile US on the summer 2014 stalled on regulatory objections but there is hope that President Donald Trump's new administration will be more accommodating toward...

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White House Expected To Announce Voting Fraud Commission

Kris Kobach , the Kansas secretary of state, who has played a leading role in the drive to crack down on undocumented immigrants, will be appointed as vice president of the commission. Kobach insists ...

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Oil prices rise on drop in United States inventories

However, after Brent fell below $50 a barrel last week, analysts said producers felt forced to act. "With demand continuing to surprise to the upside", the global supply deficit may be as wide as ...

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Australian banks slugged with A$6.2 billion government levy

Australian banks slugged with A$6.2 billion government levy

The big banks have already repriced their mortgage books, in particular to make interest-only and investor loans more expensive to comply with Australian Prudential Regulation Authority limits on risk...

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Macron win 'powerful message' to far-right: top Europe rabbi

Le Pen may have lost, but she's proving that her party and, more importantly, her message of reduced immigration and more nationalistic and France-first policies, are popular with millions of French v...

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France's new president proving a keeper of secrets

France's new president proving a keeper of secrets

He has given no clues as to who that will be, but has said that he is looking at one male and one female candidate. Other successful bids came from a woman fighter pilot who will run in eastern ...

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Zacks Investment Research Lowers Advanced Micro Devices, Inc. (AMD) to Hold

Zacks Investment Research Lowers Advanced Micro Devices, Inc. (AMD) to Hold

Bank of America Corp reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday. Analyst recommendation for this stock stands at 2.70. Pier Capital LLC now owns ...

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Bgeo Group PLC (BGEO) Rating Reiterated by Peel Hunt

AdvanSource Biomaterials Corporation (OTCMKTS:ASNB) has declined 14.29% since October 4, 2016 and is downtrending. It has underperformed by 12.01% the S&P500. Its up 0.32, from 0.85 in 2016Q3. Inter...

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Yates, Flynn And The Trump-Russia Investigation

According to Hayden, during an early Trump transition meeting on national security, Flynn was specifically told to be careful when it came to discussions with the Russians. And I knew, when I saw the ...

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Australian Government Hits Big Banks With Taxes And Stricter Scrutiny

Everyday customer deposits are not considered liabilities. The $100 billion threshold will be indexed to grow in line with nominal Gross Domestic Product. CBA looked forward to the Treasury outlinin...

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Oil gives up earlier gains as rising US output, China concerns weigh

The producer group and other major suppliers including Russian Federation agreed previous year to cut their collective production by about 1.8 million barrels a day for the first half of 2017 in an e...

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Oil stable on expectations of extended OPEC-led production cut

Oil stable on expectations of extended OPEC-led production cut

OPEC crude oil production decreased by 18,000 bpd, from the previous month to average 31.73 million bpd in April, sources said. OPEC will consider several options for the future of the agreement on ...

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House Speaker Paul Ryan heads to Ohio to push tax reform

House Speaker Paul Ryan heads to Ohio to push tax reform

Cynthia Taylor, 53, an attorney on her lunch break, came to Success Academy to call the health care bill a "disgrace", and castigate Ryan for rushing it through. "As he meets Harlem students today, he...

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Tom Price defends cutting nearly $1 trillion from Medicaid

Susan Collins of ME, a moderate Republican whose vote will be critical in getting a bill to Trump's desk, voiced concerns about potential higher costs for older people and those with pre-existing ...

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Snapchat parent company reports £1.7bn loss in first earnings report

Also, users could not find the content they were looking for because of the platform's reversed chronological feed. In after-hours trading toward the end of the call, Snap stock fell to $17.46 per s...

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BT Group plc (BT) Upgraded to Hold by Zacks Investment Research

GB Group plc ( LON:GBG ) traded up 3.52% on Wednesday, reaching GBX 389.25. It has underperformed by 9.75% the S&P500. Shire PLC (LON:SHP) had its stock rating noted as "Buy" by analysts at Berenber...

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What's next for Atletico Madrid?

What's next for Atletico Madrid?

The hosts fed off a ferocious atmosphere for their final Champions League match at the Vicente Calderon before moving to the Wanda Metropolitano next season. "Juventus are strong, they seem like a t...

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Panel Rebukes United, Other Airlines Over Passenger Treatment

Munoz outlined numerous failings of old policies, and acknowledged United never should have called in law enforcement to remove a paid passenger from a plane for refusing to give up his seat for an ai...

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Brian Molefe to return as CEO of Eskom

Brian Molefe to return as CEO of Eskom

The ANC has condemned the "unfortunate and reckless" decision taken by the Eskom board to reinstate Brian Molefe as CEO. EWN reported that the board had rescinded its decision on Molefe's pension ...

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Snapchat's Stock Plummets Nearly 25% Following Its First Earnings Report

The slowing number of daily users is likely the biggest cause of anxiety for investors. The company's revenue increased 286% from $38.8 million to $149.6 million, which was lower than the $158 milli...

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Apple eager to tap India's huge potential, says Tim Cook

Apple eager to tap India's huge potential, says Tim Cook

Falling somewhat in line with President Donald Trump's vision of bringing back manufacturing jobs to the USA, the Cupertino company said it would announce the first investment from its new fund late...

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Evan Spiegel just lost about $1 billion on Snap's first earnings report

Evan Spiegel just lost about $1 billion on Snap's first earnings report

The underlying numbers were all a little worse than expected. Snap reported earnings for the first time on Wednesday, and based on the results, Facebook CEO Mark Zuckerberg must be feeling pretty ...

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Nordstrom reports growth in 1Q profit, disappointing sales

Nordstrom reports growth in 1Q profit, disappointing sales

Several institutional investors have recently added to or reduced their stakes in the stock . The stock has a consensus analyst target of $8.62. Still, overall, Nordstrom's comparable sales fel...

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China, US reach agreement on beef, poultry and natural gas

China, US reach agreement on beef, poultry and natural gas

BEIJING (AP ) - A new trade deal with the US could help feed China's growing appetite for beef and increase natural gas imports but will likely make only a negligible dent in the USA trade deficit. Ch...

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Federal Reserve's decision to keep rates steady triggers little response in markets

A television screen on the floor of the New York Stock Exchange reflects the Federal Reserve's decision Wednesday to hold rates steady. The US dollar and Treasury yields held on to their gains after...

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All ATM withdrawals not chargeable, clarifies SBI

All ATM withdrawals not chargeable, clarifies SBI

Only RuPay classic card will be issued for free. For cash withdrawal of up to Rs2,000 from SBI Buddy through business correspondents, the service charges will be 2.50% of the transaction value (mini...

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BT's Gavin Patterson loses bonus following 'irregularities' in Italian division

BT's Gavin Patterson loses bonus following 'irregularities' in Italian division

Patterson's deferred bonuses will be cut by £338,398, and Chanmugam's by £193,412. Both he and Mr Chanmugam will also lose out on millions of pounds-worth of other potential payouts because of the f...

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Canadian rookie Hughes tied for lead at Players

William McGirt and Mackenzie Hughes lead overnight after five-under 67s. Earlier, Hughes birdied three of five holes at one point to shoot up the board. Johnson, bidding for a fourth victory in five...

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Oil Rises On Low US Inventories, Saudi Cuts

Oil Rises On Low US Inventories, Saudi Cuts

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months beginning from the start of the year in a bid to reduce the glut of oil supplies on the shore up prices....

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Climate envoys meet in Bonn, but all eyes on Washington

President Trump has previously said he believes there is no evidence that humans are responsible for climate change. "They are meeting tomorrow at 1:30pm", the official said, without giving furthe...

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Car carrying UK Labour leader Corbyn runs over BBC cameraman's foot

In the draft document, the party states its commitment to "fair rules and reasonable management of migration", and accuses the Conservative government of scapegoating migrants to divert away from "b...

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Trump launches commission to investigate voter fraud

Potential panel members include former Ohio Secretary of State Ken Blackwell and Indiana Secretary of State Connie Lawson, the official said. The GOP knows that the vast majority of Americans want T...

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