Business


US citizen shot to death in Nicaragua's capital amid unrest US citizen shot to death in Nicaragua's capital amid unrest
- June 04, 2018

He said 218 people were injured. Nicaragua descended into turmoil in mid-April after the government of Sandinista President Daniel Ortega attempted to overhaul the country's social security system and increase fees. The U.S. State Department also issued a statement expressing its condolences. "There are no shock forces or paramilitaries close to the government, so we can not accept that we are accused of tragic and painful events that we have not provoked and we would never ... (more...)
Price of lunch with Warren Buffett is $3.3M Price of lunch with Warren Buffett is $3.3M
- June 04, 2018

This year's highly coveted Power Lunch was sold for nearly 25 percent more than last year's and is the third highest since the event's inception in 2000. Bidding for this year's auction started May 27. Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha , Neb. Buffett says he continues to support Glide because of the remarkable work the charity does to help people rebuild their lives after hitting rock bottom. (more...)
Germany's Merkel to work with Italy's populist new govt Germany's Merkel to work with Italy's populist new govt
- June 04, 2018

But Merkel was adamant that solidarity among eurozone countries should not lead to a "debt union". Merkel refrained from outright criticism of Trump in her comments to the newspaper, but noted that the US has withdrawn from multilateral agreements and imposed new tariffs on steel and aluminum imports, including from Europe. (more...)
Marginal cut in petrol and diesel prices for fourth consecutive day Marginal cut in petrol and diesel prices for fourth consecutive day
- June 04, 2018

As per prices announced by largest retailer Indian Oil Corp (IOC), prices fell around nine paise in the four metro cities, while diesel prices remained unchanged over Saturday. Kerala's move on fuel cost is expected to put further pressure on other states as well to reduce taxes, which are mostly ruled by Prime Minister Narendra Modi's Bharatiya Janata Party. (more...)
Hundreds march in Trans Mountain pipeline protest in downtown Victoria Hundreds march in Trans Mountain pipeline protest in downtown Victoria
- June 04, 2018

The proposed expansion of the Trans Mountain pipeline , from Canada's oil-rich Alberta province to the west coast, would almost triple its capacity to 890,000 barrels per day and significantly increase crude tanker traffic off the west coast. (more...)
Giuseppe Conte to take the reins as PM as Italian stalemate ends Giuseppe Conte to take the reins as PM as Italian stalemate ends
- June 04, 2018

The military parade, which Conte attended alongside President Sergio Mattarella, marked Republic Day for the foundation of the Italian Republic in 1946. Yet migrant arrivals to Italy actually plunged in the previous year under the center-left Democratic Party, which signed controversial deals with Libya to beef up coastal patrols and prevent migrants from setting out in smugglers' boats across the Mediterranean Sea. (more...)
Alibaba's self-driving vehicles could deliver your packages in 2019 Alibaba's self-driving vehicles could deliver your packages in 2019
- June 04, 2018

A 160,000-square meter complex in Wuxi, an eastern Chinese city near Shanghai, is set to become the first stop for Cainiao's Future Park roll-out. But also quite smart. Alibaba also states it can deliver fresh food, which indirectly works really well with their other announcement, a Cainiao storage box for your home that allows for temperature regulation and utilizes facial recognition to gain access. (more...)
Dog found dead in carrier during Delta layover Dog found dead in carrier during Delta layover
- June 04, 2018

When the plane landed in the Motor City, we're told the 8-year-old Pom was alive. but it was discovered he'd died during the process of transferring him to the connecting flight. "Pets are an important member of the family and we are focused on the well-being of all animals we transport". This is just the latest controversy for the commercial airliners involving dogs. (more...)
Petrobras CEO resigns after Brazil truckers' strike Petrobras CEO resigns after Brazil truckers' strike
- June 03, 2018

But markets were not convinced. Petrobras' stock price dropped sharply in the last two weeks, reversing large gains made in recent years. "It is clear that my permanence at Petrobras ceased to be positive", Mr Parente said in his resignation letter to Mr Temer, who he met with Friday in Brasilia . (more...)
'Victory Over EU Intimidation’: Marine Le Pen Hails Italy's New Cabinet
- June 03, 2018

Tax cuts would likely take a further bite out of Italy's government finances. Meanwhile, their platform doesn't explain how their spending plans will be paid for. Salvini has campaigned on the promise of mass deportations of migrants, and has said that a new government would build new detention centres around the world. (more...)
SoftBank invests over $2bn in GM's self-driving division SoftBank invests over $2bn in GM's self-driving division
- June 03, 2018

As part of the deal, GM will also invest $1.1 billion in GM Cruise upon closing of the transaction, which is expected by the end of June. The capital infusion is created to speed large-scale deployment of self-driving robotaxis next year. "We're just really excited to be partnering with SoftBank to bring this vision to life", Ammann said. GM's initial purchase of Cruise was met with skepticism over the price - a billion dollars for an unproven technology. (more...)
US jobless rate dips to 3.8 percent US jobless rate dips to 3.8 percent
- June 03, 2018

The bullish report also raises the possibility that the economy could overheat. "In that environment, we still expect the Fed to hike interest rates an additional three times this year". Economists polled by Reuters had forecast nonfarm payrolls increasing by 188,000 jobs last month and the unemployment rate steady at 3.9 percent. For black Americans, it hit a record low of 5.9 percent. (more...)
US stocks close higher on strong jobs report US stocks close higher on strong jobs report
- June 03, 2018

USA market indexes were higher Friday. Technology shares led the market, with Apple winning 1.8 per cent, Facebook 1.1 per cent and Google-parent Alphabet 3.2 per cent. "The wage numbers were a little warm, but that wasn't enough to spook people", Massocca said. The U.S. benchmarks ended the week on a positive note. (more...)
Sage Gold Inc. (SGX) Declines -11.11% on Jun 1 Sage Gold Inc. (SGX) Declines -11.11% on Jun 1
- June 03, 2018

NTG Clarity Networks Inc. now has a total float of 48.57 million shares and on average sees 31,700 shares exchange hands each day. Shares of Lululemon Athletica Inc. The S&P 500 rose 29.35 points, or 1.1%, to finish at 2,734.62 and booked a 0.5% weekly gain. The yield on the benchmark 10-year U.S. Treasury note moved 6 basis points higher to 2.889%, rebounding after logging a 11.2 basis points decline for the month of May. (more...)
Mothercare to close 50 stores as part of rescue package Mothercare to close 50 stores as part of rescue package
- June 03, 2018

Mothercare said it secured creditor approval for so-called company voluntary arrangement ( CVA ) proposals that would enable it to shut 50 stores and secure rent reductions on 21 others. " We are very grateful for the support of our many stakeholders across our creditor base in supporting today's CVA proposals ". "Clive Whiley, the company's then interim executive chairman, said at the time: "‎The recent financial performance of the business, impacted in particular by a large number of ... (more...)
Zuckerberg faces heat from Facebook shareholders over voting shares Zuckerberg faces heat from Facebook shareholders over voting shares
- June 03, 2018

CEO Mark Zuckerberg has become quite good at acknowledging the scandals over the past year or so. Under Facebook's current structure, Zuckerberg controls the majority of voting shares despite not owning a majority of the company, because his shares have 10 times the voting power of the shares available to regular investors. (more...)
[H]ardOCP: Google to Scrub US Military Deal Protested by Employees [H]ardOCP: Google to Scrub US Military Deal Protested by Employees
- June 03, 2018

A Google spokesman did not immediately return a request for comment. Earlier this month, thousands of Google employees signed a letter asking the company to drop its contract with the government over Project Maven, and a dozen quit in protest as well. (more...)
China warns trade deals off if United States imposes tariffs
- June 03, 2018

A United States delegation led by Commerce Secretary Wilbur Ross held talks with Chinese negotiators in Beijing on Saturday and Sunday. Trump also has threatened to raise tariffs on an additional US$100 billion of Chinese goods, but gave no indication this week whether that would go ahead. (more...)
Researchers See Controversial Way to Help Planet Researchers See Controversial Way to Help Planet
- June 03, 2018

Other solutions suggested were taxes on meat and dairy foods, as well as clear labelling of their environmental impact. But it is a call to understand the impact our consumption is having on the planet, especially as this isn't the first study to come to this conclusion. (more...)
Deutsche Bank on U.S. 'troubled' list Deutsche Bank on U.S. 'troubled' list
- June 03, 2018

Sewing announced last week that the bank would cut its workforce from 97,000 to under 90,000 and refocus its global investment banking business on its European core, while cutting back on stocks trading operations in NY and London. Deutsche Bank declined to comment on the WSJ report and on its relations with the Fed , but said it was working to remedy weaknesses in its USA business identified by regulators, which it said did not affects its ability to serve clients. (more...)
No takers for AI stake as deadline ends today No takers for AI stake as deadline ends today
- June 03, 2018

The government will not extend the deadline for submissions of interest in Air India, Choubey said. The alternative mechanism headed by the finance minister would decide on the future course of action on Air India disinvestment , Mr Choubey said even as he emphasised that the government would not like the airline to lose the market share. (more...)
Scotiabank acquires MD Financial for $2.5-billion Scotiabank acquires MD Financial for $2.5-billion
- June 03, 2018

The short ratio in the company's stock is documented at 7.77 and the short float is around of 0.44%. Bank of Nova Scotia has a 1 year low of $56.09 and a 1 year high of $66.78. For this BNS's 20 days and 50 days MA (moving average) comparison clear the blur picture. The low EPS estimate is $1.54, while the high EPS estimate is $1.76. (more...)
Third Albertan in 2 weeks wins lottery jackpot
- June 03, 2018

The jackpot for the next Lotto Max draw on June 8 will remain at approximately $60 million, but the number of Maxmillion prizes will rise to 52. The BCLC conducts an extensive prize claim process for all lottery jackpot winners, which includes the conditions that the victor must consent to the BCLC publishing his or her's name, photo, place of residence and prize. (more...)
Minimum wage increases by $24 a week Minimum wage increases by $24 a week
- June 03, 2018

But the increase decided upon by the Fair Work Commission on Friday is well below the 7.2% called for by unions. Unions had been calling for a $50 rise, while employers were arguing for a $13 a week increase for more than 2.3 million Australians. (more...)
Brent premium widens to three-year high Brent premium widens to three-year high
- June 03, 2018

Global benchmark Brent , little changed in the previous session, was up 12 cents at $77.68 per barrel. - WTI weakness, however, led to a large increase in USA crude oil exports. Surging output and a lack of pipeline capacity in the prolific Permian Basin shale play in Texas is exacerbating swelling US inventories. Historically the increase in the spread is a precursor to a rally in crude oil prices. (more...)

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