Markets


Kroger, Fresh Encounters win Marsh stores at auction Kroger, Fresh Encounters win Marsh stores at auction
- June 15, 2017

The Tipton Marsh is now the only supermarket in Tipton County. Marsh sold its pharmacy assets to a CVS subsidiary in April. The two Ohio-based grocery chains that agreed to purchase 26 stores from Marsh Supermarkets have reached a settlement with pharmacy giant CVS Health, getting them a step closer to finalizing the transaction totaling $24 million. (more...)
US consumer prices dip 0.1 percent in May
- June 15, 2017

Yet the more recent softening trend might give the Fed space to continue to raise interest rates at a gradual pace. "It won't stop the Fed from hiking interest rates later today, but it increases the downside risks to our forecast that there will be a further two rate hikes in the second half of this year", said Paul Ashworth, chief United States economist at Capital Economics in Toronto. (more...)
Oil edges down as OPEC sees market rebalancing at slower pace
- June 15, 2017

USA crude futures fell by 1% to trade at $45.97 a barrel after the report was released. That compares with analysts estimates in a Reuters poll for a 0.5 million barrel draw in gasoline stocks and a 2.7 million barrel draw in crude inventories. (more...)
Kane silences Scotland's celebration with late leveller
- June 11, 2017

But Leigh Griffiths broke his global duck in sensational fashion as he curled home a 25-yard free-kick in the 87th minute - and then repeated the feat three minutes later. "To do what they did was phenomenal". And they keep coming back again. "It was like watching a heavyweight boxer against a middleweight". Scotland have not beaten England since 1999. (more...)
Ruth Davidson has urged Theresa May to press DUP on LGBT rights Ruth Davidson has urged Theresa May to press DUP on LGBT rights
- June 10, 2017

She continued: "I was there last summer, I made a very big intervention on why Northern Ireland is the only part of the United Kingdom where you can not have same sex marriage and it's an issue that is very close to my heart and one that I wanted categoric assurance from the Prime Minister on, and I received ". (more...)
Australia confirms 2 citizens dead in London Bridge attack
- June 08, 2017

Prime Minister Malcolm Turnbull said he had spoken to Ms Zelenak's family. A tribute note signed from the "Boro Bistro family", left at the scene of the attack, said in French "Alex, I hope that the place where you are now will be even more lovely and peaceful than the desert of Jordan". (more...)
UAE bans expressions of sympathy towards Qatar
- June 07, 2017

Castaner said France doesn't intent to take sides. "It's a mixed bag with Qatar", said Republican Sen. He later tweeted: "So good to see the Saudi Arabia visit with the King and 50 countries already paying off. The crisis will have wide-ranging consequences, not just for Qatar and its citizens but across the Middle East and for Western interests. The ministry put out a statement on social media Wednesday saying those found guilty could face three to 15 years in prison and fines ... (more...)
Greece looks for debt help after backing further cuts
- May 23, 2017

Merkel's Finance Minister Wolfgang Schauble (CDU), however, has always been a proponent of Greek austerity, refusing to release more loans to Greece without the intervention of the International Monetary Fund (IMF) which is not part of the third bailout. (more...)
Second helping of Twickenham glory for Scotland Sevens Second helping of Twickenham glory for Scotland Sevens
- May 22, 2017

England had eased past Canada 24-5. Scotland, runner-up to South Africa last time out in Paris, retained its London crown with a 12-7 win over England . The Americans will play Australia in the other quarter-final. The Scots scored four unanswered tries in the second half, including the match-winner after New Zealand had been penalised for inadvertently fielding eight players on the field. (more...)
Davenport AT&T workers join nationwide, three-day strike
- May 20, 2017

The current negotiations are over the "Orange Book" contract covering 36 states, with Black, Purple and Green being mostly settled and bargained at other times . "This may be the largest retail strike in US history". "This is the largest walkout in the USA since Verizon workers went on strike past year". He said the contracts at issue Friday cover a small portion of the company's 265,000-person workforce. (more...)
Dollar extends losses on USA political concerns; euro rises to $1.11 Dollar extends losses on USA political concerns; euro rises to $1.11
- May 18, 2017

Stocks remain at or near record highs, supported by the strongest earnings season for S&P 500 components since 2011. SINGAPORE, May 16 The euro touched a one-week high on Tuesday ahead of the release of euro zone gross domestic product data, as the dollar struggled to gain traction in the wake of a surprisingly soft US manufacturing report. (more...)
Analysts At Liberum Capital Reiterated Unilever PLC (LON:ULVR) As Hold
- May 17, 2017

In analysts report revealed to investors on 16 May, Deutsche Bank kept their Hold rating on shares of VCT. Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. Jefferies Group LLC lifted their target price on shares of National Express Group PLC from GBX 405 ($5.24) to GBX 430 ($5.56) and gave the company a buy rating in a report on Monday, March 13th. (more...)
Why Kate Middleton Won't Be Pippa's Maid of Honor Why Kate Middleton Won't Be Pippa's Maid of Honor
- May 16, 2017

If there's one thing we've learned about Pippa Middleton in the weeks leading up to her May 20 wedding, it's that she apparently loves rules. As the future queen, Kate would risk upstaging the bride and so may wish to remain in the background for the big day next week. (more...)
Jakarta governor given 2-year prison sentence for blasphemy
- May 10, 2017

Ahok and Djarot's term as governor and vice governor ends in October 2017. According to Reuters , Purnama is appealing the court's decision. A group of the governor's supporters staged a rival rally. He said, "We can understand but we cannot accept the verdict". "What is most important is that we all believe in the legal mechanism to solve every problem and that is indeed how a democratic country resolves differences of views", he said. (more...)
Morrison budget avoids serious tax reform
- May 10, 2017

The Australian budget delivered last night is about tax increases, new levies and big spending in education, health and infrastructure. "The $6 billion tax on bank liabilities has got the banks on the warpath". And in recognition of the pounding on health policy it received at the election past year, it wants to legislate a Medicare Guarantee Bill with a Medicare Guaranteed Fund to cover all expenses of the scheme. (more...)
Zuma must provide reasons behind Cabinet reshuffle, judge rules Zuma must provide reasons behind Cabinet reshuffle, judge rules
- May 06, 2017

South Africa's parliament will soon debate a new no-confidence motion against Zuma. In the chaotic aftermath of the reshuffle many top leaders in the ANC and its alliance said Zuma had told them his decision was based, in part, on an "intelligence report", a copy of which Gordhan at point brandished in public. (more...)
Energy shares lead Asian stock losses as oil falls under $45
- May 06, 2017

There was also a sign of slowing energy demand in China, the world's second largest oil consumer, when a survey showed growth in that country's services sector in April was at its slowest in nearly a year. Benchmark 10-year notes US10YT=RR last rose 1/32 in price to yield 2.3523 percent, from 2.356 percent late on Thursday. Hong Kong's benchmark Hang Seng index lost 1.2 percent to 24,396.85 while the Shanghai Composite index in mainland China shed 0.7 percent to 3,104.02. (more...)
Italy confirms Google will pay US$335 million to settle tax disputes Italy confirms Google will pay US$335 million to settle tax disputes
- May 06, 2017

The payment is also "referenced to both Google Italy and Google Ireland units". A Google spokesperson said: "In addition to the taxes already paid in Italy during those years, Google will pay another 306 million euros". France is next in line for a piece of the tech giant. American lawmakers, meanwhile, are demanding that US-based multinationals repatriate more of their profits and pay taxes on them. (more...)
Apple steps up its effort to emphasize its economic impact
- May 04, 2017

Today we are reporting strong March quarter results with accelerating revenue growth and earnings per share up 10% over previous year. "I'm proud to tell you that we're creating an advanced manufacturing fund", Cook said. How do we grow manufacturing? Still, with its new investment, Apple joins other tech companies - including Amazon and Infosys - that have announced job creation initiatives since Trump took office. (more...)
Puerto Rico files for biggest USA local government bankruptcy Puerto Rico files for biggest USA local government bankruptcy
- May 04, 2017

Puerto Rico's filing occurred a day after several major creditors sued over defaults of its bonds. A pair of bond insurers with about $9 billion at stake in Puerto Rico's debt crisis on Thursday sued the USA territory and its financial oversight board, objecting to a fiscal turnaround plan approved by the board in March. (more...)