• China posts first trade deficit in three years as imports surge
China posts first trade deficit in three years as imports surge

Dollar-denominated imports jumped by nearly 40 per cent year-on-year, to reach $129bn, more than doubling the rise in the prior month. China saw a deficit of 60.36 billion yuan (US$8.75 billion) in foreign trade in February of 2017. sovereignty. "Looking ahead, we expect external demand to remain fairly strong during the coming quarters which s...

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  • AIG CEO Peter Hancock To Depart Amid Mounting Losses
AIG CEO Peter Hancock To Depart Amid Mounting Losses

Hancock said in a statement on Thursday that he could not continue in his role without "wholehearted shareholder support". "This is the right decision to make for the company and all its stakeholders", Hancock said in the statement. The US government saved AIG from failure at the height of the 2008 financial crisis with a controversial $182 b...

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  • Rite Aid Corporation (NYSE:RAD) Broker Price Targets For The Coming Week
Rite Aid Corporation (NYSE:RAD) Broker Price Targets For The Coming Week

If we glance over stock price target , the analysts were fairly in stock's favor assigning high price target of 6.75 and average price target of 6.54. The High Revenue estimate is predicted as 8.36 Billion, while the Low Revenue Estimate prediction stands at 8.13 Billion. Rite Aid Corporation's 50-day moving average is $6.12 and its 200-day movi...

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  • Snow seen marching into Lehigh Valley for Friday morning commute
Snow seen marching into Lehigh Valley for Friday morning commute

For travelers, the early-morning transition into snow will make for a slow and messy Friday morning commute. Clouds will increase throughout the day today , and the high will be near 52. Schwenneker and the government forecasters noted that unusually warm weather recently has heated the ground, so any snow that falls initially will likely just...

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  • European Central Bank keeps Eurozone interest rates on hold
European Central Bank keeps Eurozone interest rates on hold

This is while the IBEX gained 1.5% in Madrid, closing at 9,998, and the FTSE MIB added 0.46% to close at 19,571 in Milan. This is a generic statement that does not move the euro. The so-called "corridor" around the refi rate was also unchanged, with the charge on lenders' deposits still at -0.40% and the rate on the marginal lending facility at 0.2...

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  • When Team Trump and Big Oil are (literally) on the same page
When Team Trump and Big Oil are (literally) on the same page

Numerous projects were previously announced, including chemical and plastics projects near Houston , refining expansions in Beaumont and Baton Rouge, and a joint venture with Saudi Arabia to build a new petrochemical plant that's tentatively scheduled for the Corpus Christi region, a statement released by the company said.

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  • IP Group PLC (LON:IPO) Issued With 'Buy' Rating At Stifel Nicolaus
IP Group PLC (LON:IPO) Issued With 'Buy' Rating At Stifel Nicolaus

Zacks Investment Research lowered shares of BP plc from a "hold" rating to a "sell" rating in a report on Tuesday, January 17th. Finally, TheStreet downgraded shares of BT Group PLC from a "buy" rating to a "hold" rating in a research note on Monday, September 19th.

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  • On Women's Day eve, statue of girl stares down Wall Street bull
On Women's Day eve, statue of girl stares down Wall Street bull

The installation was done a day before International Women's Day. The statue of the " fearless girl " is only scheduled to stay for a month, but SSGA it hoping that, like the original charging bull before it, people will want her to stick around.

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  • Protectionism, financial vulnerability put modest global growth at risk: OECD
Protectionism, financial vulnerability put modest global growth at risk: OECD

Now, more than ever, governments need to take actions that restore people's confidence while at the same time resisting turning inwards or rolling back numerous advances that have been achieved through greater worldwide co-operation'. United States growth was seen reaching 2.8 per cent in 2018, down from a November estimate of 3.0 per cent, as high...

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  • Ivanka Trump's clothing line notches record sales
Ivanka Trump's clothing line notches record sales

According to fashion ecommerce site Lyst , the Ivanka Trump Collection saw a serious boom in orders in February - a 346 percent gain compared with the prior month, to be exact - on the heels of a controversial endorsement from Kellyanne Conway, counselor to President Donald Trump.

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  • How Do You Feel about Ride-sharing Coming to BC?
How Do You Feel about Ride-sharing Coming to BC?

After more than a year of consultation on how to regulate ride-hailing without decimating the taxicab industry, Transportation Minister Todd Stone and TransLink Minister Peter Fassbender made the announcement in Vancouver on Tuesday. "It's very progressive thinking", said Nitesh Mistry, director of business operations at Vancouver-based Ripe Rid...

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  • Oakland Raiders Get Funding to Build Stadium in Las Vegas
Oakland Raiders Get Funding to Build Stadium in Las Vegas

The Oakland Raiders have moved into the Red Zone on their quest to relocate to Las Vegas. Grubman said the Raiders and Bank of America had "presented a traditional structure for the full amount of financing" that needed to be addressed after casino magnate Sheldon Adelson and Goldman Sachs dropped out.

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  • These Companies Are Shutting Down For 'A Day Without A Woman' Strike
These Companies Are Shutting Down For 'A Day Without A Woman' Strike

Strike organizers say it's a protest againist what they call the "misogynist policies" of President Trump and also what led him to emerge: specifically, years of "economic inequality, racial and sexual violence, and imperial wars overseas".

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  • Potential Shortage of Global Oil Supplies in 3 Years
Potential Shortage of Global Oil Supplies in 3 Years

If crude prices surge to $80/Bbl, U.S. tight oil output could grow by 3 MMBPD in five years, but if prices are at $50/Bbl, it could decline from the early 2020s. This year, it's "evident" that under the Organization of the Petroleum Exporting Countries-led production cut agreement, output reductions are taking place just as production from the non-...

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  • RBA makes cash rate call
RBA makes cash rate call

In G10, the victor is the Australian dollar, helped by unchanged RBA rates and a very boring Statement . At present, the Australian economy is still undergoing the transition process from its investment mining boom, which grew 2 ½% last 2016.

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  • Arrests over rape of India orphans
Arrests over rape of India orphans

Speaking to IANS, a Kalpetta police station official said all the six alleged attackers have been identified through an identification parade. A guard who saw a girl being taken out of the shop one day grew suspicious and informed the orphanage.

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  • This house was 3D-printed in just 24 hours
This house was 3D-printed in just 24 hours

The machine spits out layer upon layer of a concrete mixture. The tiny house was reinforced with fiberglass and painted the painted a mustard yellow. Russian Federation now has its very first 3D-printed house. Apis Cor said the homes can be built quickly to rehouse people after natural disasters or simply for a new development.

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  • Crude Oil Prices Fell Sharply In Asian Trading, More Downside Is Limited
Crude Oil Prices Fell Sharply In Asian Trading, More Downside Is Limited

Libyan production dropped after clashes forced two of the country's biggest oil ports to shut down, threatening the OPEC member's efforts to revive production. According to the latest Baker Hughes report, US oil rig count increased by seven to 609, the highest level in the last seventeen months. Fitch's current base case Brent price assumption is...

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  • Deutsche Bank shares fall following restructuring revelation and fresh legal case fears
Deutsche Bank shares fall following restructuring revelation and fresh legal case fears

Over the weekend, Deutsche Bank confirmed what we talked about on Friday; it's going to IPO its asset management division as part of a restructuring move that John Cryan never really wanted but is now forced to attempt. Deutsche Bank has practically multiplied in market an incentive since September 26, reflecting help over its US contract se...

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  • Two major United Kingdom investment companies in talks over possible all-share merger
Two major United Kingdom investment companies in talks over possible all-share merger

Merging Standard Life and Aberdeen will create an 11 billion pound fund giant able to rip out costs and fight back against competition. Aberdeen has a market value of £3.7bn, roughly half the size of the overall Standard Life business.

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