Finance

Mount Everest's Famous Hillary Step Destroyed

Mosedale believes The Step was most likely destroyed during Nepal's devastating 7.8-magnitude natural disaster in 2015, which left almost 9,000 people dead and 23,000 injured. Mosedale climbed Everest earlier this month, adding that "there's some huge blocks randomly perched hither and thither which will be quite tricky to negotiate". [Full Article...]

Islanders advised of emergency hotline following Manchester explosion

Grande on Tuesday expressed her sorrow over the blast that occurred moments after the end of her concert in the United Kingdom city of Manchester , just outside the arena. "We're just lucky to have gotten away safely", she said. "I just want her to walk through the door". Grande, 23, was in town performing the first of three concerts in the UK. [Full Article...]

Australia treasurer promises fair budget that reins in debt

Australia treasurer promises fair budget that reins in debt But he has accepted shareholders and superannuants may be affected as a result of the impact on the big four banks, plus Macquarie, which now face a tax on nearly 5 per cent of their net profits. Nevertheless, it will support the levy, shadow treasurer Chris Bowen confirmed. "This measure is meant to encourage foreign owners of residential property to make their properties available for rent whe... [Full Article...]

Retirement Systems of Alabama Has $62.442 Million Position in QUALCOMM, Inc. (QCOM)

Several other hedge funds have also recently bought and sold shares of QCOM . FMR LLC boosted its position in QUALCOMM by 3.7% in the fourth quarter. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. [Full Article...]

South Korea recalls Hyundai cars, asks probe on cover-up

South Korea recalls Hyundai cars, asks probe on cover-up It is the first hearing in Korea to take place after a auto company declined a recall request. "We explained that all five of the issues for which a recall was recommended were not defects that interfered with driving safety, but the Ministry concluded that a recall was appropriate after taking into account previous examples of recalls and consumer protection". [Full Article...]

Chris Christie Warned Trump Against Hiring Michael Flynn Last Fall

Chris Christie Warned Trump Against Hiring Michael Flynn Last Fall Christie was asked Monday at a statehouse news conference in Trenton whether he felt vindicated after reports emerged that the two-term Republican governor had reservations about former National Security Adviser Michael Flynn . Christie declined to detail his concerns when pressed, saying he was not at liberty to discuss classified information. If I were president, I could decide who comes in and... [Full Article...]

Banks hit with new levy, potentially costing billions

It expects to reach a surplus of $7.4 billion by 2020-21, an improvement on the $1 billion surplus projected at the midyear budget update in December. The Medicare levy increase, which mimics the 0.5 percentage point increase Labor introduced in 2014 to help fund the NDIS, will affect nearly all taxpayers. [Full Article...]

Food stamps, Medicaid on chopping block in Trump's budget

Spending on the Earned Income Tax Credit and Child Tax Credit would also be reduced by $40 billion, in part by requiring proof that recipients are authorized to work in the U.S. The fleshed-out proposal follows up on an unpopular partial release in March that targeted the budgets of domestic agencies and foreign aid for cuts averaging 10 percent - and made lawmakers in both parties recoil. [Full Article...]

Nearly 40000 AT&T workers strike, forcing retail stores to close

As a part of the contract negotiations, the workers are demanding wage increases, affordable healthcare, a fair scheduling policy and job security from outsourcing. "A strike is in no one's best interest, and it's baffling that union leadership would call one when we're offering terms in which our employees in these contracts - some of whom average from $115,000 to $148,000 in total compensation -... [Full Article...]

Deutsche reiterated Compass Group (LON:CPG) as 'Hold'

Deutsche reiterated Compass Group (LON:CPG) as 'Hold' It now has negative earnings. Finally, Royal Bank of Canada reissued an "outperform" rating and set a GBX 465 ($6.01) target price on shares of BT Group plc in a research note on Tuesday, March 7th. It is down 10.09% since October 4, 2016 and is uptrending. It has outperformed by 58.85% the S&P500. Investors sentiment decreased to 0.85 in 2016 Q4. [Full Article...]

North Korea Links Nuclear Advances to Hostile US Policy

North Korea Links Nuclear Advances to Hostile US Policy China is North Korea's biggest economic partner and source of diplomatic support and has come under heavy pressure to use its influence to rein in the North's missile and nuclear activities. China has strongly opposed THAAD, saying it can spy into its territory, and South Korean companies in China have been hit by a nationalist backlash over the deployment. [Full Article...]

Fyre Festival Under Investigation By FBI

Fyre Festival Under Investigation By FBI Fyre Festival captivated the Internet when the fancy music summit turned out to be a ramshackle tourist trap. Set up by the U.S. attorney's office for the Southern District of NY and the FBI, the investigation is being overseen by a prosecutor who has been assigned to the agency's complex frauds and cybercrime unit. [Full Article...]

Basquiat painting fetches record $110.5M at New York auction

Basquiat painting fetches record $110.5M at New York auction Maezawa purchased a separate painting by the artist previous year for $57.3 million. "It's a great masterpiece at $98m dollars", the auctioneer said at one point, provoking to laughter in the room. Maezawa began collecting art, he said, as a way "to help young artists to promote their work as well as to increase awareness of contemporary art among the younger generation". [Full Article...]

Oil Prices Rally On Reports Of OPEC-Russia Production-Cut Extension

Therefore we came to the conclusion that ending will probably be better by the end of first quarter 2018. But this agreement pushes the lower production through March of 2018 in a sign that stubborn crude oversupply will continue to weigh on oil prices. [Full Article...]

Appeals court to weigh challenge to revised Trump travel ban

Appeals court to weigh challenge to revised Trump travel ban Of the 13 judges remaining, three are Republican appointees and nine are Democratic appointees. A lower judge's ruling dealt Trump a blow by freezing his second attempt to close U.S. The revised order also replaces an indefinite ban on Syrian refugees with a 120-day ban. Some seemed prepared to look behind the face of the revised order to take account of Mr. [Full Article...]

Banks levy to cost CBA $220ma year

Banks levy to cost CBA $220ma year In a letter to shareholders released after the close of market on Monday, CBA chairman Catherine Livingstone lashed the bank tax as "poorly designed policy". You know, I know and the government knows that a tax can not be "absorbed". For the government the net income from the levy over the four years of the budget's forward estimates won't be $6.2 billion, but around $4.4 billion when the impact o... [Full Article...]

India finalises four GST rates for services

The hospitality industry in India is perturbed and irked by a 28 percent tax to be imposed under the Good and Services Tax (GST) on hotels, where the tariff is above Rs 5,000. "Some of the key areas which would be discussed on June 3 would include GST rates for bio-diesel, beedi, footwear, textiles, agricultural implements and gold", said Rajeev Dimri, Leader Indirect Tax, BMR & Associates in a st... [Full Article...]

Former FBI Director Mueller to Lead Trump-Russia Probe

Former FBI Director Mueller to Lead Trump-Russia Probe Among the issues: the Justice Department's inspector general found that the FBI circumvented the law to obtain thousands of phone call records for terrorism investigations. Trump's alleged pressure on Comey - denied by the White House - has exposed the president to accusations of obstructing justice. Earlier, the United States was rocked by revelations that Comey wrote memos of his past meetings... [Full Article...]

Hong Kong's Cathay lays off 600 as it faces rising pressure

Hong Kong's Cathay lays off 600 as it faces rising pressure The changes are expected to make Cathay Pacific and Cathay Dragon more effective by improving the speed and quality of decision-making. Changing customer habits and a "challenging business environment" were cited as reasons for the largest job losses in 20 years. [Full Article...]

Congressional panels pledge thorough probe into Comey firing

Congressional panels pledge thorough probe into Comey firing White House National Security Adviser H.R. McMaster also said Trump was trying to find common ground with the Russians. "He was insane, a real nut job", Trump told Russian Foreign Minister Sergei Lavrov last week, according to the Times, citing notes taken at the meeting and read to the paper by a United States of America official. [Full Article...]


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