Money

China, US reach agreement on beef, poultry and natural gas

China, US reach agreement on beef, poultry and natural gas NORTHAM: Under the agreement, China will open its market to US beef importers by mid-July. But the deal raises questions for Australia. "Clearly China , whose banks are among the largest in the whole world, wants access to the USA banking market". [Full Article...]

Oil rises as USA stockpile declines

Refinery crude runs USOICR=ECI fell 418,000 bpd and utilization rates USOIRU=ECI dropped by 1.8 percentage points to 91.5 percent of overall capacity, after hitting a record 94.1 percent three weeks earlier, EIA data showed. The contract gained 21 cents to $46.43 on Monday, rising for a second day. Crude futures eked out more gains in Asia on Thursday as investors are interpreting the latest... [Full Article...]

Anthem gives up Cigna bid, vows to fight on over damages

Anthem gives up Cigna bid, vows to fight on over damages Anthem and Cigna now must battle it out over the $1.85 billion breakup fee associated with their contract. After yesterday's ruling, the expectation was that Cigna was going to soon end the deal. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products includin... [Full Article...]

Ducks' reward for Game 7 win is date with Rinne and Preds

Reaching the first Western Conference final in franchise history is spreading hockey fever far beyond the arena walls and the team's loyal fans, sprouting Predators' flags on front porches with upcoming opponents televised at barbecue joints. [Full Article...]

Slowing economy likely to ruffle Bank of England hawks' feathers

Slowing economy likely to ruffle Bank of England hawks' feathers Inflation is set to rise to 3 per cent by the end of this year - suggesting a Christmas squeeze for many - but this year should be the worst period, Mr Carney said. The MPC expects growth to remain at current rates for the rest of the year, blaming the slowdown on consumer-facing sectors, partly reflecting the effect of sterling's depreciation on spending. [Full Article...]

Oil Stable on Expectations of Extended Production Cut

Oil Stable on Expectations of Extended Production Cut Presumably contributing to the dismal scenario painted by Vitol are indications that OPEC countries including de facto cutback leader Saudi Arabia - while adhering to their cutback quotas - are chomping at the bit to break free of their self-imposed production restraints. [Full Article...]

SoftBank gets Nexus' nod for selling Snapdeal to Flipkart

SoftBank gets Nexus' nod for selling Snapdeal to Flipkart Even though SoftBank, Nexus Venture Partners and Kalaari Capital are yet to resolve their conflict, the latest round of talks has pushed them closer to a deal, three people aware of the discussions said, requesting anonymity as the talks are confidential. [Full Article...]

United Kingdom manufacturing sector suffers unexpected slowdown in March

United Kingdom manufacturing sector suffers unexpected slowdown in March According to new figures United Kingdom construction output fell in March by 0.7 per cent. Meanwhile the Euro was strengthened this morning by the release of the European Commission latest growth forecasts as it revised its estimate of Eurozone growth up from 1.6% to 1.7% this year, whilst also forecasting that unemployment in the bloc will continue to fall. [Full Article...]

UK's Labour Party stung by early leak of election platform

Labour will deliver universal superfast broadband availability by 2022, if it wins the upcoming general election. Tommy Sheppard, a lawmaker for the Scottish National Party, said in a statement that "the very fact that this draft manifesto has been leaked shows how divided and chaotic the Labour Party are". [Full Article...]

Macron tells Trump he will defend Paris Agreement

French President-elect Emmanuel Macron used his first phone call with US President Trump to reiterate his intention to defend the Paris Agreement on climate change. However, during his campaign, Trump promised to "cancel" US participation in the agreement. His recent attack on Obama-era climate policies and the lifting of bans and limitations for the fossil fuel and nuclear industries confirm th... [Full Article...]

Trump signs executive order launching voter fraud commission

In addition to the faulty premise underlying the commission, Trump is said to be appointing Kris Kobach , Kansas Secretary of State, as co-chair of the effort. In a House Intelligence Committee hearing on Russian election tampering in March, voter fraud became a topic of questioning - Committee Chairman Devin Nunes, R-Calif., asked Comey if the Federal Bureau of Investigation had any evidence tha... [Full Article...]

Banks to fight 'fast and loose' $6.2b tax

The government has also asked Australia's competition watchdog to undertake an inquiry on residential mortgage pricing until June 30, 2018. If they do, it's purely political. In fact, they have achieved the opposite by making it unattractive for property owners to buy and sell without significant expense. States would only be able to draw on the fund once they delivered on their commitments to t... [Full Article...]

Verbatim: What the Treasurer said about pharmacy and healthcare

In May a year ago, Treasury secretary John Fraser told a Senate hearing the cost of cutting taxes for all businesses to 25 per cent would cost $48.2 billion over the 2016-27 period. The rise in the Medicare levy is created to raise $7.8 billion over two years from July 2019, and is created to fill a $55.7 billion, 10-year funding shortfall in the National Disability Insurance Scheme. [Full Article...]

Trump signs executive order to prevent computer hacking

Trump signs executive order to prevent computer hacking Eric Geller reporting in Politico writes: "The directive is Trump's first major action on cyber policy and sets the stage for the administration's efforts to secure porous federal networks that have been repeatedly infiltrated". It follows a turbulent election year in which Russian Federation and other entities were accused of meddling in the US election. Next, it mandates that the Secretaries... [Full Article...]

Houston gang members caught up in nationwide sweep

ICE said those arrested in the operations between late March and early May included suspected members of the Bloods, Surenos, MS-13 and Crips gangs. Officials report that 933 were USA citizens and 445 were foreign nationals from 21 countries in South and Central America, Asia, Africa, Europe and the Caribbean. [Full Article...]

Woman shot by police in terror raid charged with murder plot

Woman shot by police in terror raid charged with murder plot Khawla Barghouthi was arrested during the raid on April 27 at a north-west London home. Appearing in Westminster Magistrates' Court on Thursday, the trio were flanked by policewomen and three suited officials. Barghouthi wore a hijab. Two men, aged 21 and 28, and a 16-year-old boy arrested on 27 April were subsequently released without charge. Counter terrorism officers had been monitoring... [Full Article...]

Jittery oil traders shore up against OPEC disappointment

Jittery oil traders shore up against OPEC disappointment Brent climbed 1.2% to $50.84 per barrel. Oil prices rose more than 3 per cent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to Opec supply cuts. [Full Article...]

Trump delaying decision on Paris climate deal

Trump delaying decision on Paris climate deal Many believe that the postponement of a United States decision on future participation in the Paris agreement until after the President returns from the G7 meeting in Italy at the end of May is a good thing. "It's important that big countries that are big emitters like the USA and China. lead the way", Mr Obama told a conference on Tuesday in Milan, in one of his first public appearances since... [Full Article...]

Chelsea dispatch Everton to close in on Premier League title

Romelu Lukaku is playing well for Everton in the Premier League this season. Chelsea's next match is at home to Middlesbrough a week today, so there is plenty of time for him to recover. They were dealt a big blow in their hopes of reaching that target 66 minutes into the match, though, as Pedro picked out the back of the net with a fine strike from range, working a yard of space of placing the ... [Full Article...]

Uber must get licences as ordinary taxi firm: top EU lawyer

Uber must get licences as ordinary taxi firm: top EU lawyer The European Court of Justice is being asked to decide on a case between Uber and a body representing taxi drivers in Barcelona. If the CJEU were to find that Uber offers an information service, not a transport service, then the company would be able to claim exemptions from local regulations under rules guaranteeing the freedom to provide information services across the EU. [Full Article...]


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