Economy


Trump Targets New Venezuelan Debt in Latest Round of Sanctions Trump Targets New Venezuelan Debt in Latest Round of Sanctions
- August 26, 2017

The U.S. Treasury Department issued financial sanctions on individuals in the run-up to, and aftermath of, the election of the National Constituent Assembly, including against Maduro himself. The U.S. has been increasingly concerned that Maduro's government is heading down the path of dictatorship. "We will not stand by as Venezuela crumbles ", the White House said. (more...)
Amazon unveils Prime discounts, Lockers at Whole Foods Amazon unveils Prime discounts, Lockers at Whole Foods
- August 26, 2017

The company also said certain Whole Foods products will be available through Amazon .com, AmazonFresh, Prime Pantry and Prime Now. In celebration, Amazon is lowering prices on popular items in Whole Foods stores. Whole Foods Market Inc . was founded in 1978 and it is an established US supermarket chain that only features foods without artificial preservatives, colors, flavors, sweeteners, and hydrogenated fats. (more...)
Mexico: Trump Warning to Cancel NAFTA is Only a Strategy Mexico: Trump Warning to Cancel NAFTA is Only a Strategy
- August 25, 2017

For example, with the complex, intertwined, multi-tiered automotive supply chain, a Tier 4 component may be designed in Canada, built in Mexico, shipped to a Tier 3 supplier in the United States who then incorporates it into their product (which might be designed in Japan or Korea), who then ships it to a Tier 2 supplier in Canada...and on and on until final assembly. (more...)
Ashwani Lohani to assume charge of Railway Board chairman today Ashwani Lohani to assume charge of Railway Board chairman today
- August 24, 2017

The announcement by the Appointments Committee of the Cabinet came hours after Railway minister Suresh Prabhu indicated that he had offered his resignation to Prime Minister Narendra Modi . He successfully piloted the nomination of the Darjeeling Himalayan Railway as a UNESCO world heritage site. A qualified mechanical engineer, who also has degrees in electrical, metallurgical and electronics and telecommunication streams, Lohani is a fellow of the Chartered Institute of Logistics ... (more...)
Dwyane Wade Reportedly Expected To Join LeBron In Cleveland Dwyane Wade Reportedly Expected To Join LeBron In Cleveland
- August 24, 2017

The possibility was discussed on the Cleveland Plain Dealer's " Wine and Gold Talk Podcast", with Joe Vardon of the Plain Dealer saying that people close to James were confident that at some point Wade would be a Cavalier . Perhaps the biggest trade of the National Basketball Association season - if not one of the tops of the last decade - didn't go unnoitced by the leader of the Chicago Bulls . (more...)
Secret Superstar's first song, 'Main Kaun Hoon' released Secret Superstar's first song, 'Main Kaun Hoon' released
- August 22, 2017

Titled as " Main Kaun Hoon ", the song has been composed by Amit Trivedi and penned by Kausar Munir. Both Aamir Khan and Zaira Wasim were last seen together in blockbuster film " Dangal ". The song is picturized on Dangal actress Zaira Wasim . Hailing from a family of music, the soft spoken Meghna Mishra recalled her journey from her beginning to where she had reached today. (more...)
French group Total buys Maersk Oil in $7.5 billion deal French group Total buys Maersk Oil in $7.5 billion deal
- August 22, 2017

The buyout is the latest sign that majors are expecting a strengthening oil market going forward by snatching assets while oil prices looked to have bottomed around $26 per barrel in February 2016. Total chose not to pursue shale oil in the USA, one of the fastest growing areas this year, because assets there are expensive, he said. The Danish business will also bring in some 1 billion barrels of oil equivalent in proven and probable reserves, the bulk of them in the North Sea. (more...)
Indonesia angered after Malaysia shows its flag as Poland's Indonesia angered after Malaysia shows its flag as Poland's
- August 22, 2017

President Joko "Jokowi" Widodo demanded an apology for hurt national pride but also cautioned against exaggerating the incident with his neighbor. The booklet included a page paying homage to previous hosts, including Indonesia , with the famous merah putih printed upside - the flag of Poland. (more...)
Intel and Under Armour CEOs resign from Trump's Manufacturing Council Intel and Under Armour CEOs resign from Trump's Manufacturing Council
- August 21, 2017

Tesla CEO Elon Musk resigned from the manufacturing council in June, and two other advisory groups to the president, after the US withdrawal from the Paris climate agreement. There are several tech leaders also on Trump's manufacturing council, including Intel CEO Brian Krzanich , GE Chairman Jeff Immelt , Dell CEO Michael Dell and Corning CEO Wendell Weeks. (more...)
North Korea media grade South's Moon a 'fail' North Korea media grade South's Moon a 'fail'
- August 20, 2017

Foreign Minister Kang Kyung-wha and her US counterpart Rex Tillerson agreed earlier this month to begin negotiations to revise the guidelines on Seoul's missile capability "as early as possible" when they met in Manila on the sidelines of a regional security forum. (more...)
Trump, Fed Minutes Fuel Major Reversals Across the Board Trump, Fed Minutes Fuel Major Reversals Across the Board
- August 20, 2017

Federal Reserve policymakers were anxious last month about inflation, but for two opposing reasons. Amid steady job creation and the falling jobless rate, the Fed has dismissed weak price pressures, blaming them on one-off "transitory" and "idiosyncratic" factors, such as falling mobile phone plan and medication prices. (more...)
Infosys CEO Vishal Sikka resigns Infosys CEO Vishal Sikka resigns
- August 20, 2017

In India too, the news of Sikka's resignation caused the stock of Infosys to plunge by about 10% on Friday wiping off almost Rs 22,000 crore from the company's market cap. According to reports , the board held Murthy exclusively responsible for the departure of a "valued" employee. The offer price at Rs 1,150 per share is Rs 226.90 more than Rs 923.10 per share closing price on Friday when it plunged 9.6 per cent after Sikka's resignation spooked investors and is at around 18 per cent ... (more...)
Will Foot Locker Inc's (FL) Earnings Grow Over The Next Year? Will Foot Locker Inc's (FL) Earnings Grow Over The Next Year?
- August 19, 2017

Credit Suisse Ag reported 0.02% stake. Deutsche Bank AG dropped their target price on shares of Foot Locker from $88.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 22nd. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright law. Foot Locker (NYSE:FL) last posted its quarterly earnings data on Thursday, August 17th. (more...)
Nifty breaches 10000 mark, Sensex at new high on fund inflows Nifty breaches 10000 mark, Sensex at new high on fund inflows
- August 18, 2017

U.S. stocks ended slightly firmer on Wednesday but off the day's highs as worries mounted over President Donald Trump's agenda and minutes from the latest Federal Reserve meeting suggested policymakers are anxious about weak inflation. Global leads were not too supportive as Asian shares remained indecisive and European stocks opened lower despite easing tensions involving North Korea. (more...)
SpaceX Resupplies The International Space Station SpaceX Resupplies The International Space Station
- August 17, 2017

SpaceX and HPE (Hewlett-Packard Enterprise) have done the groundwork for nearly a year to see if commercial supercomputers can survive in space and help humans explore the universe more efficiently. The " Dragon 1" capsule launched today can not carry people. So far, weather is looking okay, with a 70 percent chance that conditions will be favorable for a flight. (more...)
Target Acquires Tech Company to Expand Same-Day Delivery Target Acquires Tech Company to Expand Same-Day Delivery
- August 16, 2017

Former General Mills executive Liz Nordlie will run Target's privately owned food and beverage brands. Customers include Office Depot and Target, which has been piloting a delivery project from its store in New York City's Tribeca neighborhood. (more...)
Crude Oil Retreats From The $50 Per Barrel Mark Crude Oil Retreats From The $50 Per Barrel Mark
- August 16, 2017

WTI crude oil for September delivery dropped $1.23, or 2.5%, to settle at $47.59 a barrel on the New York Mercantile Exchange. Oil prices fell on news that refinery runs in China dropped in July. Analysts expect a drop of 3.176 million in crude stocks in the US last week, and a 1.527 million decline in gasoline inventories with distillate supplies down by 620,000 barrels. (more...)
Amber Heard and Elon Musk speaks out about break up Amber Heard and Elon Musk speaks out about break up
- August 14, 2017

There will be a Tesla Model 3 "P" Performance version, says CEO Elon Musk , but "production hell" comes first for the mass-priced electric auto. It's the world's biggest battery factory and central to Tesla's plans for mass production of its new Model 3 electric vehicle. (more...)
U removes Sharad Yadav as leader of party in Rajya Sabha U removes Sharad Yadav as leader of party in Rajya Sabha
- August 14, 2017

The senior party leader has raised questions over the alliance saying that this decision has broken the trust of those who voted for JD (U). "He [Sharad Yadav] has not been removed from the JD (U)", party leader Vasishtha Narayana said. Mr. Kumar also suspended MP Ali Anwar from the parliamentary party group for participating in the meeting of Opposition parties here. Besides the JD (U), Lalu Prasad's Rashtriya Janata Dal (RJD) and the Congress were in the three-party coalition. (more...)
BC NDP government hires legal advice for Kinder Morgan challenges BC NDP government hires legal advice for Kinder Morgan challenges
- August 12, 2017

Heyman said until consultation related to First Nations are "completed in a way that meets B.C.'s legal obligations, work on this project on public lands can not proceed". Multiple First Nations and municipalities filed legal challenges against the project, which would triple the capacity for transport of diluted bitumen from the Alberta tar sands fields and greatly expand the Kinder Morgan marine oil shipping terminal at Burnaby, just outside Vancouver. (more...)