UK consumer inflation rises to 3 ½-year high of 2.7 percent

The UK inflation rate rose to 2.7% in April from 2.3% the month before, the Office for National Statistics says , its highest rate since September 2013. The ONS said the timing of when shops put items on sale may have caused prices to jump, with th... More..

by | Published 10 days ago
Elliott wants BHP to remain Australia-incorporated
by | Tuesday, May 16, 2017

Elliott wants BHP to remain Australia-incorporated

Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have issued a buy recommendation on the company. Investec upgraded BHP Billiton Li...More..

Britain's Vodafone reports net loss of 6.1 bln euros
by | Tuesday, May 16, 2017

Britain's Vodafone reports net loss of 6.1 bln euros

On March 20, the company announced an agreement to merge Vodafone India with Idea Cellular in India. "The proposed merger of Vodafone India and Idea Cellular will create a new champion for Digital India, wh...More..

by | Tuesday, May 16, 2017

OPEC calls for 'collective efforts' to counter United States oil boom

Oil cartel Opec and other producers including Russian Federation have pledged to cut output by nearly 1.8-million barrels a day during the first half of the year. Nevertheless, the rise in gasoline inventories ...More..

by | Tuesday, May 16, 2017

Edouard Philippe appointed the new Prime Minister of France by Emmanuel Macron

Forty-six- year-old Philippe's party was led by former President Nicolas Sarkozy until 2016. Philippe's age reinforced the generational shift in France's corridors of power and the image of youthful vig...More..

by | Tuesday, May 16, 2017

Some businesses in Asia disrupted by cyber attack, authorities brace for more

Do not give people any more access to your system than they need to do their job. Chinese energy giant PetroChina said payment systems at some of its petrol stations were hit, although it had been able to resto...More..

Governments, businesses worldwide brace for new ransomware attacks
by | Tuesday, May 16, 2017

Governments, businesses worldwide brace for new ransomware attacks

The most disruptive cyber attack in the seven-decade history of Britain's national health service propelled a debate over state hospital funding to the centre of the election campaign on Monday. The malware i...More..

by | Tuesday, May 16, 2017

Oil prices jump on Saudi and Russian agreement

US West Texas Intermediate (WTI) crude was at $48.62 per barrel, up 78 cents. OPEC member Iraq, whose production is growing fast, has said it would support renewing the deal only for six months. While news of...More..

HONG KONG (CNNMoney) - The oil market's May meltdown is getting worse
by | Tuesday, May 16, 2017

HONG KONG (CNNMoney) - The oil market's May meltdown is getting worse

Oil stocks felt the pinch, with the S&P Oil & Gas Exploration and Production Index slumping as much as 4.9 percent Thursday to the lowest since August. QUOTEWORTHY: "The collapse in oil prices saw (benchmark ...More..

by | Tuesday, May 16, 2017

Next global cyberattack likely on Monday

Experts fear that the ransomware worm that stopped auto factories, hospitals, shops and schools in more than 100 countries could wreak fresh havoc on Monday when employees log back on. "I still expect another t...More..

Putin says world needs to talk to North Korea not threaten it
by | Tuesday, May 16, 2017

Putin says world needs to talk to North Korea not threaten it

The regime of President Kim Jong-un successfully test-fired a medium-range ballistic missile on Sunday that the U.S. military said landed about 60 miles off Russia's east coast. New ferry services are running b...More..

by | Tuesday, May 16, 2017

US judge tells Uber to return Google's Waymo files 'stolen' by techie

Waymo is also suing Uber, claiming it is using secrets stolen by a former engineer to develop its self-driving technology. According to Alsup, Waymo "has shown compelling evidence that its former star enginee...More..

North Korea behind 'WannaCry' global cyber attack - Security firms
by | Tuesday, May 16, 2017

North Korea behind 'WannaCry' global cyber attack - Security firms

Vietnam's state media said on Tuesday more than 200 computers had been affected. President Donald Trump's homeland security adviser says that so far, no US federal systems have been affected by the global cyb...More..

Western Digital Seeks Arbitration on Toshiba Chips Unit Sale
by | Tuesday, May 16, 2017

Western Digital Seeks Arbitration on Toshiba Chips Unit Sale

Google and Amazon as well as US private-equity firm Silver Lake Partners and American chipmaker Broadcom are reportedly among the other interested suitors. But delays and cost overruns have hit Westinghouse's f...More..

Follow CERT-In instructions on WannaCry attack: RBI to banks
by | Tuesday, May 16, 2017

Follow CERT-In instructions on WannaCry attack: RBI to banks

After infecting over two lakh computers in several countries, the global virus attack continued for the third day on Monday, with more reports of hacking pouring in from India, China and Japan as offices re-ope...More..

A millionaire told millennials to stop eating avocado toast. The internet revolted
by | Tuesday, May 16, 2017

A millionaire told millennials to stop eating avocado toast. The internet revolted

The internet exploded Monday when Tim Gurner , a 35-year-old multimillionaire real estate mogul from Australia, appeared on the Australian version of 60 Minutes with strong words for spendthrift millennials....More..

by | Tuesday, May 16, 2017

SEC says ex-Nomura trading chief lied about bond prices

The two traders, who have since left Nomura, took advantage of an opaque bond market "to gain illegal trading profits and potentially larger bonuses by lying to firms on the other side of their trades about the...More..

Wenger can not resist playing the 'character' card
by | Tuesday, May 16, 2017

Wenger can not resist playing the 'character' card

That was until Mesut Ozil found Alexis Sanchez who scored a superb goal to break the deadlock. Both Maya Yoshida and Jack Stephens were fooled by this, and Sanchez then cut back onto his left without any ...More..

Italy hands over four patrol boats to Libya
by | Tuesday, May 16, 2017

Italy hands over four patrol boats to Libya

No details were given of the origins of asylum seekers. As reported by Deutsche Welle (DW), Germany's global broadcaster, more than 43,000 migrants, mostly from sub-Saharan Africa, have used Libya as a spri...More..

Ascendas-Sembcor to co-develop start-up area in Amaravati
by | Tuesday, May 16, 2017

Ascendas-Sembcor to co-develop start-up area in Amaravati

Singapore also signed a Memorandum of Understanding with Andhra Pradesh for greater collaboration between the two cities in economic development and sharing of expertise in areas such as urban governance, secur...More..

by | Tuesday, May 16, 2017

Russia, Saudi agree to extend oil output cuts until March 2018

While the extension will still need to be rubber-stamped at OPEC's upcoming meeting May 25, an agreement between the world's top two crude producers and de-facto leaders of OPEC and the non-OPEC bloc collabor...More..

COMAC C-919: China's indigenously developed jetliner takes off
by | Tuesday, May 16, 2017

COMAC C-919: China's indigenously developed jetliner takes off

Under overcast skies, the white, green and blue aircraft, with "C919" emblazoned on its tail, touched down at Shanghai's global airport after an 80-minute flight to cheers from thousands of dignitaries, aviat...More..

ICICI Bank cuts home loan rates by 30 bps
by | Tuesday, May 16, 2017

ICICI Bank cuts home loan rates by 30 bps

HDFC cut the interest rate to 8.35% for female borrowers and 8.40% for others for loans up to Rs30 lakh, the lowest being offered and on par with the rates now offered by ICICI Bank, State Bank of India and LIC...More..

by | Tuesday, May 16, 2017

More than 13500 new state homes to be built in Auckland

According to the government, Housing New Zealand will borrow $1.1 billion over four years from the private market through a domestic wholesale bond programme which will fund the first stage of the Auckland Hous...More..

by | Tuesday, May 16, 2017

US accuses Syria of mass executions and body burning

We now believe that the Syrian regime has installed a crematorium in the Sednaya prison complex which could dispose of detainees' remains with little evidence. An Assad former regime photo documentarian worki...More..

Oil stable on expectations of extended OPEC-led production cut
by | Tuesday, May 16, 2017

Oil stable on expectations of extended OPEC-led production cut

BP (BP) added 1.3%. Oil prices hit a three-week high after the announcement, while shares of oil majors Exxon and Chevron were up 1 percent in premarket trading. One indicator of a potential shortfall in av...More..

United States Steel Corp. (X) has a Market value of 3.5 Billion
by | Tuesday, May 16, 2017

United States Steel Corp. (X) has a Market value of 3.5 Billion

Year to date AK Steel Holding Corporation (NYSE: AKS ) is -44.96%, -33.02% over the last quarter, and -18.67% for the past six months. The share price of the stock plunged -21.82% for the year. 11,048,446 share...More..

by | Tuesday, May 16, 2017

Germany vote tests public opinion before election

Hannelore Kraft, top candidate of the social democratic SPD party for regional elections in North Rhine-Westphalia, and her husband Udo cast their ballots at a polling station in Muelheim an der Ruhr, western G...More..

by | Tuesday, May 16, 2017

Saudi Arabia, Russia agree oil output cuts until 2018

The FTSE 100 rose to an intra-day record high on Monday, as energy stocks were given a boost by a jump in oil prices. Brent for July settlement added 78 cents to $51.62 a barrel on the London-based ICE Future...More..

Tronc in talks with Wrapports to acquire Chicago Sun
by | Tuesday, May 16, 2017

Tronc in talks with Wrapports to acquire Chicago Sun

The Sun-Times, like many other metropolitan news operations, continues to face enormous challenges in an industry roiled by changes in the marketplace. Tronc shares were flat in late trading after ending the re...More..