Money

Measuring the cost of living worldwide

Measuring the cost of living worldwide

While it was no surprise to see Singapore topping the list once again, mostly due to the city's high cost of owning a auto and its expensive clothing, the report noted that food and drink in Singapore were significantly cheaper than other ranking cities, falling closer in line with costs of living in Shanghai, ranked as the 16th most expensive city. Read More

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Brazilian govt officials suspended for sales, exports of rotten meat to Egypt

Brazilian govt officials suspended for sales, exports of rotten meat to Egypt

Mr Healy also confirmed he had written to the EU Commissioner for health and food safety Vytenis Andriukaitis demanding that the EU insist on European standards for all European imports and to impose a ban where this is not met. It acknowledged that the raids had taken place, but said none of its top executives had been arrested. Both have issued separate statements denying any wrongdoing and saying they comply with regulations. Read More

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Man wanted for attempted murder

Man wanted for attempted murder

The cause of Nathans death has not been released. Shortly after Nathan was found, NRP said Kuijer walked into the RBC branch on Martindale Road and assaulted an unidentified female bank employee. Her name and the hospital she is at are not being released as a security precaution while Kuijer remains at large, Gavin said. Police say Kuijer is armed and risky and are urging the public to contact them if they have any information on his whereabouts. Read More

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Syrian rebel fighters evacuated from Homs en masse

Syrian rebel fighters evacuated from Homs en masse

The first convoy of rebel fighters from al-Waer, Homs, arrived in opposition-controlled areas in north Syria in the early hours of Sunday, March 19, according to opposition reports . Three waves of rebels and their families left Waer under an agreement reached in December 2015, but subsequent evacuations stalled. Under the agreement, evacuees will be bussed to opposition-held parts of Homs province, the rebel-held town of Jarabulus on the Syrian-Turkish border or the northwestern province ... Read More

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Treasuries Close Sharply Higher Following Fed Announcement

Treasuries Close Sharply Higher Following Fed Announcement

The Dow Jones industrial average rose 9 points, or less than 0.1 percent, to 20,943. The S&P 500 rose 0.8 percent one day after the Fed's decision. In the European morning, the single currency traded at $1.071, a 0.2% decline from the previous day's market close, but up roughly 0.8% compared with where it was before the Fed made its policy announcement Wednesday. Read More

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Yahoo breach: Hard proof of Russian interference in US?

Yahoo breach: Hard proof of Russian interference in US?

Another, Alexey Belan, is on the list of the FBI's most wanted cyber criminals and has been indicted multiple times in the U.S. It's not clear whether he or the other two defendants who remain at large, Dmitry Dokuchaev and Igor Sushchin, will ever step foot in an American courtroom since there's no extradition treaty with Russian Federation. Read More

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OPEC basket drops in price

OPEC basket drops in price

A deal by the Organization of the Petroleum Exporting Countries with Russian Federation and other producers to rein in output by 1.8 million barrels per day (bpd) for six months from January 1 lifted prices but also encouraged USA firms to boost supplies. Read More

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China lowers economic growth target citing

China lowers economic growth target citing "graver" situations

The economy is already growing at its slowest rate in more than a quarter of a century and the latest target unveiled at the opening of China's parliament is lower than a 6.5-7.0 percent range Li set past year. "With China's domestic economy still in the phase of transformation, the tasks for China's economic growth are arduous but with great potential", said Song. Read More

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Gold to remain under pressure next week on early USA rate hike

Beyond that however, the health of the economy and the underlying stability of financial markets would benefit from a revitalized Fed strategy that is both able and willing to lead markets, rather than be led by them. Rapid gains and record levels on the main indexes since the November 8 election have stoked concerns about stretched valuations among some analysts. Read More

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Crude Stocks Rise For Eighth Straight Week As Exports Ease Off Record

Crude Stocks Rise For Eighth Straight Week As Exports Ease Off Record

OPEC reached a deal to cut oil production in December 2016, the first deal that both OPEC and non-OPEC producers, led by Russian Federation, agreed to since 2001. In December, Saudi Arabia's refinery output reached 2.96 million barrels per day, the highest level in nearly 15 years. Oil production in Iran will reach four million bpd by the beginning of the next Iranian calendar year (March 21), National Iranian Oil Company Managing Director Ali Kardor said on February 18. Read More

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Marathon Petroleum sells assets to its MLP for $2 bln

Several other research analysts have also recently commented on the stock. Nomura lowered Marathon Oil from a "buy" rating to a "neutral" rating in a report on Thursday, December 15th. Along with these its year to date performance is standing at -7.28%. The companys revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.48 EPS. Read More

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Royal Bank of Scotland makes a loss for ninth straight year

Royal Bank of Scotland makes a loss for ninth straight year

Chief executive Ross McEwan said: "The bottom-line loss we have reported today is, of course, disappointing but, given the scale of the legacy issues we worked through in 2016, it should not come as a surprise". Deutsche Bank AG upgraded shares of Royal Bank of Scotland Group plc to a hold rating and raised their price target for the stock from GBX 172 ($2.14) to GBX 220 ($2.74) in a report on Wednesday, February 8th. Read More

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Can Oasis Petroleum Inc. (NYSE:OAS) grow after Earnings?

Can Oasis Petroleum Inc. (NYSE:OAS) grow after Earnings?

The company's market cap is $3.39 Billion. Price Target is an important factor while doing analysis of a stock. Robert L. Zorich is one of the biggest insider owners in Oasis Petroleum Inc. Zacks Research also uses a numerical ratings scale that spans from 1 to 5. In the last Quarter, Oasis Petroleum Inc. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.21 earnings per share. Read More

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John Lewis cuts 387 jobs in staff overhaul

John Lewis cuts 387 jobs in staff overhaul

The move could lead to almost 400 fewer jobs for staff in the company's carpet, curtain and blinds fittings service, as well as home estimating and fitting administration support and catering. "We understand that for some this will mean a period of change, and we are working with affected partners over the consultation period to give opportunities for redeployment in new roles wherever possible ". Read More

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Unilever reviewing options after Kraft Heinz withdraws bid

The company saw 14.41 million shares trade hands over the course of the day. During the same period past year, the company posted $0.80 earnings per share. The Kraft Heinz Company's dividend payout ratio (DPR) is 105.26%. They presently have a $90.02 price objective on the stock. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Read More

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Kraft's Unilever Bid Faces Likely Scrutiny in Europe

Kraft's Unilever Bid Faces Likely Scrutiny in Europe

Why is Kraft Heinz targeting Unilever at this juncture? It represents an 18% premium to the share price at close of business on 16 February and values Unilever's at $143bn (£115bn). In 2010, Kraft purchased United Kingdom chocolate company Cadbury. Unilever does not see the basis for any further discussions, ' the Anglo Dutch group said in a statement . Read More

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Verizon Communications Inc. (VZ) to Buy Yahoo! Inc. (YHOO) at Discount

Verizon will savagely slash its acquisition offer for hacker-ransacked Yahoo! by, wait a minute, just 5.2 per cent, it is claimed. Even the higher estimates-Reuters reported the figure could be as much as $350 million-are pretty paltry. Verizon shares fell 0.7 percent to $47.96. The updated Verizon and Yahoo deal will reportedly be discounted by almost $300 million. Verizon hasn't closed its investigation of the breaches and declined to comment on the reports of a discounted Yahoo ... Read More

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China's exports and imports surge

China's exports and imports surge

China's exports in yuan-denominated terms rose 15.9 percent year on year to 1.26 trillion yuan (US$183 billion) last month, faster than the 0.6 percent gain in December. "The growing imports were also attributed to this year's Spring Festival, which arrived earlier than last year", said Xu Yang, an analyst at Sinolink Securities. Read More

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Oil sharply higher on OPEC compliance

Herman Wang , OPEC specialist at S&P Global Platts , told CNBC that while the Saudis are doing the most to make the cutback agreement a success, "how long Saudi Arabia is willing to shoulder the burden of these cuts if it proves some of their cohorts are not fully complying with the deal remains to be seen". Read More

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