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Finance

The Philippine police are reportedly ready to get back to their unfinished business: President Rodrigo Duterte's war on illegal drugs. In an about-face on his decision to remove the 160,000-member Philippine National Police (PNP) from his signature campaign, Duterte said the country was beset by security and law enforcement challenges and he needed more manpower to sustain the crackdown on drugs.
  • Norwegian Air to Launch $65 Routes Between Europe and US

    Finance

    A search on Norwegian's website shows most flights between Edinburgh and New York's Stewart International costing around £234 for one way. The Trump administration has given the green light for the low fares after a protracted political battle.
  • Mnuchin Committed To Significant Tax Reform By August Recess

    Finance

    To view the full article, register now. Mnuchin also said the administration is still aiming for sustainable economic growth of 3 percent or more but cautioned that the tax reform plan will take time to impact the economy. The benchmark 10-year Treasury yield was down over 2 basis points at 2.392 percent after hitting a two-week low. Most corporations pay a federal tax rate of 35%, highest among advanced economies.
  • Home Depot Reports Continued Growth in 2016

    Finance

    Menear and his team forecast sales growth of just under 5% in 2017, which is consistent with management's goal of passing $100 billion of annual revenue by 2018. Ardevora Asset Management LLP boosted its stake in shares of Home Depot , Inc. Jackson Grant Investment Advisers Inc. raised its position in Home Depot , Inc.
  • Yellen Increases Odds of March Rate Hike: 5 Top Winners

    Yellen Increases Odds of March Rate Hike: 5 Top Winners

    Finance

    Sydney's S&P-ASX 200 gained 0.9 per cent to 5,809.10. Besides these domestic economic reports, an important event is on the calendar today, as Fed Chairwoman Yellen will testify before the House Financial Services Committee. However, not all Fed policymakers are convinced, that the US central bank should act soon to tighten monetary policy. More evidence that inflation has taken hold in the USA economy spurred bets that the Federal Reserve is clear to raise interest rates as soon as March, ...
  • In SC stop, Trump thanks Palmetto State voters for primary victory

    Finance

    President Trump reiterated a campaign promise to buy and hire American at the debut of Boeing's new long-haul airplane on Friday, with the president pointing to the aircraft manufacturer's SC facility as a prime example. Following today's win, President Donald J. Trump will visit the facility, becoming the first-ever US president to do so. Quickly, Boeing relented, promising to bring down the plane's costs after a series of meetings with Trump.
  • US Crude Oil Inventories Hit Record Last Week

    US Crude Oil Inventories Hit Record Last Week

    Finance

    This would seem to paint a promising picture for the future of oil markets, only a month and a half into the production cut agreement and the prices have been moving to and fro in the $50-$60 band. OPEC's compliance with a deal to ease a global supply glut helped sustain part of crude's gains. Many analysts say oil producers will have to cut production more quickly to drain the global oversupply this year.
  • Inflation in China is heating up fast

    Finance

    These upward pressures, however, were partially offset by clothing and footwear prices, which fell by 4.2% month-on-month, compared to a 3.1% reduction a year earlier. As per the data, food inflation basket contracted to 0.56 per cent in January, negative growth second time in a row. Inflation for manufacturing items also rose marginally to 3.99% from 3.67% during the same period mostly due to higher prices of metal products, iron and steel and edible oils among others.
  • James Mattis to North Atlantic Treaty Organisation allies: Pay fair share for defense

    James Mattis to North Atlantic Treaty Organisation allies: Pay fair share for defense

    Finance

    Mattis's visit to North Atlantic Treaty Organisation, his first trip to Europe since being sworn in last month, comes amid a growing scandal at the White House following the resignation of Trump's national security adviser Michael Flynn. "We remain open to opportunities to restore a cooperative relationship with Moscow, while being realistic in our expectations and ensuring our diplomats negotiate from a position of strength", he said.
  • Verizon Reduces Yahoo Deal Offer by $250 Million

    Finance

    Sources have reported that the Verizon could restructure the deal so that it would have to shell out around $250 million to $350 million less than the initially agreed price of $4.83 billion. While there was a lot of speculation about the attack and a lot of finger-pointing as well, there were reports that Verizon would seek a discount from Yahoo.
  • Fed's Yellen defends 'stress test' of Wall Street

    Fed's Yellen defends 'stress test' of Wall Street

    Finance

    And Yellen reassured investors that although the Fed would discuss its reinvestment policy in coming months, it planned to make sure that any shrinkage in its balance sheet would be "an orderly process". Beyond Dodd-Frank, Yellen could be pressed about Republican efforts to diminish the Fed's independence, in part by subjecting it to more intensive audits.
  • Credit Suisse Plans 6500 Pink Slips

    Finance

    Back in December, Credit Suisse announced an additional round of cuts in Switzerland, as well as plans to restructure its business in order to return to profitability after losing close to $3 billion. Thiam also stated: "2016 was the first full year of implementing our new strategy and it was a challenging and busy 12 months". The share sale "is a very good option, it's on the table", Chief Executive Officer Tidjane Thiam said in a Bloomberg Television interview Tuesday.