Money

German federal statistics office reports slower growth rate in Q2

German federal statistics office reports slower growth rate in Q2

The euro fell 0.2 per cent against the dollar to $1.1757. But the growth rate for the first quarter was revised up to 0.7 percent from 0.6 percent, and the April-June expansion marked a 12th consecutive quarter of growth. 24. "The lack of new structural reforms or the lack of investments, both in traditional and digital infrastructure, has so far not affected voters' preferences", he went on. Read More

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United States stocks end lower after comments from Trump

United States stocks end lower after comments from Trump

The DAX of Germany dropped 1.12 percent and the CAC 40 of France fell 1.40 percent. Stocks in Taiwan, Singapore and other Southeast Asian countries were also lower. Sterling was last trading at $1.3007, up 0.25 percent on the day. Disney dropped 3.9 percent after reporting a weak quarter and saying it would pull its movies from Netflix and start its own video streaming services. Read More

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Sprint shares up after cost cutting Quarter

Sprint shares up after cost cutting Quarter

Sprint has long sought a deal as it is unprofitable and the wireless market has gotten more competitive. And although its customer base has expanded under Chief Executive Marcelo Claure, growth has been driven by heavy discounting. "Overall, our view is that Charter likely does not want to sell, but that SoftBank is one of the few companies that could put a bid in big enough to take control", analysts at JPMorgan Chase & Co., led by Philip Cusick, said in a note to investors. Read More

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British Gas to raise electricity prices by 12.5% in September

British Gas to raise electricity prices by 12.5% in September

Centrica-owned British Gas said it will give more than 200,000 vulnerable customers receiving the Government's warm home discount a £76 credit to offset the tariff increase. Alex Neill, of consumer group Which?, said: 'Hard-pressed consumers waiting to see how the government will tackle costly standard variable tariffs will be disappointed to see prices rising. Read More

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Inflation remains weak in eurozone despite stronger growth

Inflation remains weak in eurozone despite stronger growth

Growth of consumer price in the euro zone was recorded at 1.3 per cent, which is enough to argue that risk of deflation has disappeared but it is too little to meet Draghi's goal of just under 2 per cent. "Continued expansion is also still filtering through to the labour market, with the latest round of manufacturing job creation among the best seen over the past three years". Read More

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Prominent digital drug marketplaces knocked out in 1-2 punch

Prominent digital drug marketplaces knocked out in 1-2 punch

As of early this year, the department says there were hundreds of vendors advertising heroin and fentanyl on Cazes' Alpha-Bay. U.S. President Donald Trump said on Wednesday he would not have appointed Jeff Sessions as attorney general if he had known Sessions would recuse himself from the Russian Federation investigation, according to a New York Times interview. Read More

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Shastri wants India players to focus on cricket

Shastri wants India players to focus on cricket

Anything else would lead to a conflict of interest. "I was very clear in my mind what my core team would be, and what you heard is my core team". My job is to do just that. Similar is the case with Zaheer, who wants be around with the team for about 25 days in a year and continue with his other engagements including the IPL. Read More

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Gymboree is closing 4 Twin Cities stores as it shutters 350 nationwide

Gymboree is closing 4 Twin Cities stores as it shutters 350 nationwide

Although the company didn't say when the stores would be shut down, closing sales at affected stores begin Tuesday. The Colorado locations are in FlatIron Crossing mall in Broomfield, Cherry Creek shopping center in Denver, Foothills Fashion Mall in Fort Collins, Mesa Mall in Grand Junction, Promendade Shops at Centerra in Loveland, Orchard Town Center in Westminster and Aspen Grove in Littleton. Read More

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Canada wins world U19 men's basketball championship

Canada wins world U19 men's basketball championship

Washington scored at least 20 points in two games and recorded one double-double. The United States made 12 three-pointers in the game, and in their six wins in Egypt, averaged a 38 points margin of victory. Barrett closed out the quarter's scoring with a basket with 3.5 seconds left to cut the lead to 23-17. A Kevin Huerter (Maryland/Clifton Park, N.Y.) basket made the score 17-4, and an Edward's, 3, followed by a basket from Huerter and 3 from Louis King (Hudson Catholic H.S./Columbus, ... Read More

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Musk Powers up South Australia with World's Largest Battery

Musk Powers up South Australia with World's Largest Battery

The Powerpack system will be hooked up to the Hornsdale Wind Farm under construction near Jamestown, storing energy for on-demand delivery to some 30,000 homes. Musk first made the bid, and the 100-day commitment, in a tweet back in March. Tesla recently completed an installation of a battery farm in California which has a capacity of 20 megawatts and is created to discharge 80 megawatt hours of electricity in four-hour periods. Read More

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Decision on Al Jazeera's Future Given 48-Hour Extension

Decision on Al Jazeera's Future Given 48-Hour Extension

With the deadline expiring today, Saudi Arabia , the United Arab Emirates, Bahrain and Egypt made a decision to give Doha an extension to respond positively to their demands. In June, Saudi Arabia led its neighbours Bahrain, the United Arab Emirates and Egypt, in cutting ties with Qatar , accusing it of supporting terrorism, a charge that Doha denies. Read More

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Lowry announces he will return to Raptors

Lowry will sign a three-year deal worth $100 million, according to a person with knowledge of the negotiations who spoke to The Associated Press on condition of anonymity because terms were not revealed publicly. I'm sad that many people will have read a rumor and will have made a false assumption that can last forever, while they maybe will not read what I'm writing now. Read More

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Djokovic beats Medvedev to reach Eastbourne final

Djokovic beats Medvedev to reach Eastbourne final

The top-seeded Djokovic saved two set points, on Young's serve at 5-4 and on his own serve in the tiebreaker, and clinched victory with a return victor. "It was a great build-up and hopefully I'll be able to take the confidence from here and the good level of performance to London". "This is the kind of match situation that I was looking forward to having, and I'm glad it happened today and I managed to overcome that". Read More

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Xi Jinping talks tough on Hong Kong amid protests over Chinese rule

Xi Jinping talks tough on Hong Kong amid protests over Chinese rule

Lam was selected by a pro-China committee, as were her predecessors, and is already being cast by critics as a China stooge in a city where many are angry at Beijing's tightening grip on the freedoms of its almost eight million people. Hong Kong has become restless in recent years, with frequent calls for the protection of democratic freedoms and, in some cases, independence, concepts to which Beijing is firmly opposed. Read More

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Berkshire Hathaway Inc. (BRK.B) Upgraded by Vetr Inc. to

Berkshire Hathaway Inc. (BRK.B) Upgraded by Vetr Inc. to "Buy"

The $377 million investment by Berkshire follows a deal last week in which Buffett's company agreed to prop up Canada's Home Capital Group Inc . by providing a credit line and committing to take an equity stake. Stock market analysts and brokers have recently amended their target prices on shares of Berkshire Hathaway (NYSE:BRK-B). Shares of Store were up $2.20, or 10.6 percent, at $22.97 in afternoon trading, likely reflecting Buffett's imprimatur. Read More

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Brexit 'divorce bill' from European Union to be settled ahead of trade talks

Brexit 'divorce bill' from European Union to be settled ahead of trade talks

The UK agreed to settle the issue of citizens" rights , borders and the so-called "divorce bill' with the European Union before discussions over trade begin, when formal Brexit negotiations finally got under way in Brussels on Monday. Britain, the EU's biggest financial market, was leaving the bloc in 2019, raising the prospect of an abrupt cut in cross-border links without a new trade deal. Read More

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All banks pass this year's stress tests

All banks pass this year's stress tests

The Fed said the losses would reduce the banks' high-quality capital from 12.5 percent of its loans in the fourth quarter previous year to 9.2 percent at the end of 2017. That is much better than the 4.5 percent threshold that regulators demand, and an improvement on the 8.4 percent common equity tier 1 capital ratio assessed a year ago. Read More

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McCain: Americans 'stupid' to travel to North Korea

Tensions between the United States and North Korea have been heightened by dozens of North Korean missile launches and two nuclear bomb tests since the beginning of past year in defiance of U.N. The university's chancellor said the arrest was not connected to PUST and that Kim had been involved with other activities, including helping an orphanage. Read More

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Trump appears to confirm he's under investigation

She's the associate attorney general, which makes her third in command at the Justice Department behind Rosenstein and Sessions. Mueller also has expansive powers to investigate any matters that develop from his initial investigation. The Post reports the other members include: 'former national security adviser Michael Flynn , former campaign chairman Paul Manafort and Carter Page, who was listed as a foreign-policy adviser for the campaign'. Read More

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Amazon-Whole Foods deal could speed grocery transformation

Amazon-Whole Foods deal could speed grocery transformation

Astrachan noted, saying the company will likely maintain that approach as it looks to build market share in groceries. He raised his price target on Whole Foods to $45 after the Amazon deal was announced. Additionally, the focus of FedEx and UPS is B2B volume, with traditional e-commerce accounting for a relatively small proportion of their businesses. Read More

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Grocery store stocks plummet after Amazon-Whole Foods deal

Wal-Mart Stores Inc said on Friday it would buy online men's fashion retailer Bonobos Inc for $310 million, in its fourth e-commerce deal in under a year, as it seeks to bridge the gap with e-commerce leader Amazon .com Inc. "Limited-assortment" grocers, such as Kettering's Trader Joe's - stores that typically sell private-label goods and less variety in general - are growing quickly now. Read More

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Oil drops, roiled by bearish USA crude inventory report

In its regular Monthly Oil Market Report , OPEC said its May crude output pace rose by 336,000 barrels per day to just over 32.1 million. Inventories rose by 2.75 million barrels in the week to June 9 to 511.4 million, according to the American Petroleum Institute report, compared with expectations for a decrease of 2.7 million barrels. Read More

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Southgate and Kane on Scotland draw

They were like a heavyweight boxer and we were middleweight, which we expected. And it seems his kind words prompted a positive reaction from the world of social media, with one fan writing: "Dignity, well said Wayne, back soon". "I think we had three down with cramp as well". Scotland survived an earlier stoppage-time scare when Gordon saved Eric Dier's free kick but Stuart Armstrong gave the ball away as the hosts broke, and the ball was in the net seconds later. Read More

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Oracle goes 2-1 to take lead in America's Cup qualifiers

Oracle Team USA lead into mark two with Peter Burling rounding right on the transom of the American boat, sailing towards the right hand lay line on the hip of Oracle, eventually tacking away. "It was a day where it was really easy to make mistakes", said Spithill, who led Oracle to a rousing comeback win over Emirates Team New Zealand in the 2013 America's Cup on San Francisco Bay. Read More

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Analysts At Berenberg Reiterated Unilever PLC (LON:ULVR) As Buy

Analysts At Berenberg Reiterated Unilever PLC (LON:ULVR) As Buy

The firm has "Neutral" rating by TH Capital given on Wednesday, August 5. 03/04/2017 - StatPro Group had its "Buy" rating reiterated by analysts at N 1 Singer. Vitec Group plc has a 52-week low of GBX 485.00 and a 52-week high of GBX 941.00. They now have a GBP 193.00p price target on the stock. The firm has "Neutral" rating by Haitong Securities given on Monday, November 16. Read More

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