Global weapons sales highest since end of Cold War

Global weapons sales highest since end of Cold War

The report said arms imports by states in Asia and Oceania accounted for 43 per cent of global imports between 2012 and 2016 which was an increase of 7.7 per cent compared to 2007-11 period. Arms imports by countries in South-east Asia increased by 6.2 per cent. Inside Story - Who's benefiting from the war industry? The US remained the world's biggest arms exporter, accounting for 33 percent of all weapons sold in the five years through 2016, the study found. Read More

European shares post second weekly gain as Unilever soars

European shares post second weekly gain as Unilever soars

It added that it "sees no merit, either financial or strategic, for Unilever's shareholders" in Kraft Heinz's current proposal, which if accepted would be one of the largest deals in corporate history. Unilever does not see the basis for any further discussions. Although the firm's shares benefited in the immediate aftermath of the Brexit vote, as anxious investors piled into defensive stocks, they began to taper after a pricing spat with Tesco. Read More

Honolulu restaurants nominated for James Beard Awards

Honolulu restaurants nominated for James Beard Awards

She was not familiar with James Beard Foundation , which oversees what many consider the Oscars of the food world, and who had to be told why this was a pretty big deal. Meanwhile, the James Beard Foundation once again honored Scott Anderson of Princeton's Elements, Joey Baldino of Collingswood's Zeppoli and Dan Richer of Jersey City's Razza Pizza Artigianale of Jersey City with nominations for best chef Mid-Atlantic. Read More

Yellen Sees More Rate Hikes With Economic Growth

Yellen Sees More Rate Hikes With Economic Growth

While Yellen and her fellow members of the central bank's policy body chose not to raise the federal funds rate-a bank-to-bank loan rate closely followed by mortgage, credit card and other interest rates-following a meeting that ended February 1, she suggested after the Fed raised the rate in December that Americans could see as many as three increases in 2017. Read More

Verizon to Reportedly Cut Yahoo Price Tag by Up to $350 Million

Bloomberg reported the lower offer this morning, additionally claiming that both parties in the deal are expected to share legal responsibilities related to the cyber breaches. Verizon declined to comment on the report Wednesday. The company's stock jumped almost 3 percent on the news. No matter what happens between now and whenever Verizon and Yahoo do eventually close their sale, one thing is certain: Mayer will not remain on Yahoo's board after the fact. Read More

There Are 56K 'Structurally Deficient' Bridges in US

The report does not release information on each bridge that is considered to be structurally deficient, but it did release which ones are the most traveled structurally deficient bridges. MI ranks 16th in the nation when it comes to the number of structurally deficient bridges. The information was compiled into ARTBA's 2017 Bridge Report . Read More

Nomura: China's foreign trade to grow at single-digit rate in 2017

Nomura: China's foreign trade to grow at single-digit rate in 2017

The Lunar New Year period in 2017 began in late January. Economists had forecast exports to grow 5.2 percent and imports by 15.2 percent. China posted much stronger-than-expected trade data last month as demand picked up at home and overseas, an encouraging start to the year for the world's largest trading nation even as Asia braces itself for a rise in U.S. Read More

Dakota Johnson cut back on social media after feeling 'exploited'

Dakota Johnson cut back on social media after feeling 'exploited'

It's only been out for a day, but Fifty Shades Darker is already set for a follow-up film. The movie picked up a little after their breakup, although the audience is unsure how much time has actually passed. Sure, she immediately runs into Christian's arms, but to see her kicking ass and saving herself from harm without a man's help is still pretty damn cool. Read More

Oil Market 'Responding Positively' To Production Cut: OPEC

Oil Market 'Responding Positively' To Production Cut: OPEC

OPEC has already agreed to reduce output by 1.2 million barrels per day. As a result of the high compliance OPEC and non-OPEC cut, OECD storage should be back to the five-year average by June this year. shale producers. 17 oil rigs were added in the U.S.in the week to February 3, bringing the total up to 583, the most since October 2015. Coupled with the IEA's 100,000-barrel per day upward revision to demand increase expectations to 1.4 million barrels, the Paris-based watchdog's data should ... Read More

Governor Abbott Tours Southern Border With DHS Secretary John Kelly

Governor Abbott Tours Southern Border With DHS Secretary John Kelly

The Rio Grande Valley, known as the "RGV sector", is among the busiest. Kelly said that while Washington thinks it knows the border, the only opinion that counts "are from the people that work this border", meaning federal and state security officials. Read More

Fed: No Rate Hike Today

Some investors thought the Fed would use this opportunity to signal that it could raise rates in March. The question is, how quickly? But none of the revisions to the statement appeared to hint that a rate hike could be coming as soon as the Fed's next meeting in March. Read More

Factory activity expands in January

Goods producers continued to cut back on staff numbers, and on the price front, input prices rose at the sharpest rate in almost six years, leading to an increase in prices charged. Newly-released future output data, which have been collected since April 2012, showed a pick-up in manufacturers' confidence during January. Around 41% of the survey panel anticipate an increase in production volumes over the next 12 months, compared to just 6% who forecast a reduction. Read More

USA court rules in favour of Mylan for Copaxone patents, says Natco

USA court rules in favour of Mylan for Copaxone patents, says Natco

The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.25 on scale of 1-5. The Stock had a 1.94 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.79 and 1.68 respectively. Read More

Trump blames Delta, not travel ban, for airport chaos

Trump blames Delta, not travel ban, for airport chaos

He said only 109 out of 325,000 people "were detained and held for questioning" following his ruling. Trump signed an executive order Friday that issued a 120-day suspension of the refugee program and a 90-day ban on travel to the USA from citizens of seven terror hot spots, including Iraq, Syria, Somalia and Sudan. Read More

Will Trump Raise Tariffs on Mexican Imports to Pay for his Wall?

Will Trump Raise Tariffs on Mexican Imports to Pay for his Wall?

The discussion capped a week that saw relations between the neighboring nations plunge into the biggest diplomatic crisis in decades as Pena Nieto vowed that Mexico will never pay for the border barrier. Mexico has long insisted it will not heed Trump's demands to pay for the construction project. Spicer said Trump was looking at taxing imports on all countries the USA has trade deficits with, but he added, "Right now we are focused on Mexico". Read More

Alphabet Inc Shares Fall As Q4 Profit Misses, But Revenue Beats Estimates

At the same time, Cantor Fitzgerald analyst Youssef Squali said Alphabet delivered another strong quarter, reflecting solid advertiser demand for the company's mobile search, Youtube and programmatic products. Alphabet in fact generated more than $26 billion, up 22% over the same quarter past year. Alphabet fell a little short of that, notching $9.36 per share , which translates to a profit of $6.59 billion. Read More

May urged to stand up to Donald Trump on range of issues

May urged to stand up to Donald Trump on range of issues

She also said she extended an invitation to visit England on behalf of the queen and that Trump has accepted. Some kind of trade agreement, though, is high on her list of priorities, despite Britain and the United States being at odds over genetically modified organisms, meat production and public procurement and May unable to sign deals until after Brexit. Read More

Diageo toasts higher profits and sales in latest report

Diageo toasts higher profits and sales in latest report

Operating profit, which excludes exceptional items, in the half year increased to GBP2.07 billion from GBP1.72 billion, boosted by a 339 basis points improvement in operating margin. "McDowell's No.1 Whiskey and our Signature brand continue to see the benefit from product re-launch last fiscal year, with McDowell's No.1 up 17% this half and Signature growing 35%". Read More

Soon there could be a Trump hotel in every major United States city

Following a discussion at an investment summit in Los Angeles yesterday , Trump Hotels Chief Executive Officer Eric Danziger explained that the company was looking to be in all of the largest American metro areas. Instead of divesting, Trump has turned over management of his company, the Trump Organization, to his two elder sons and pledged no new foreign deals during his term. Read More

Australia Inflation Gains 0.5% On Quarter In Q4

The strengthening global growth outlook is a positive for Australia's economy, although the accompanying strengthening of the Aussie is less desirable for the RBA who are now confronting uncomfortably low inflation. The most significant price rises this quarter are tobacco (+7.4%), automotive fuel (+6.7%) and restaurant meals (+1.1%). The December inflation quarter data will be released on Wednesday by the Australian Bureau of Statistics . Read More

Rio Tinto to offload Hunter Valley coal assets to China's Yancoal

Rio Tinto to offload Hunter Valley coal assets to China's Yancoal

Output by the world's biggest producer and consumer of the fuel fell 9.4% in 2016, while imports reversed two years of declines to gain 25%, the biggest increase since 2012. Yancoal plans to fund the deal through a capital raising and a share sale. "The new Yancoal will very well positioned to realize significant value for our shareholders in the years ahead". Read More

Florida man accused of online threat to kill Trump

Florida man accused of online threat to kill Trump

The man accused of posting a Twitter threat to kill President-elect Donald Trump had released a string of religious-themed videos online, years after the death of his mother on 9/11. "I appreciate that, Congress". He is now being held on a million dollar bond. Dominic Puopolo Jr.is part of a "prominent northeast family" with ties to the Clintons, the Daily Mail reported on Thursday. Read More

Safran To Pay €8.5B To Snap Up Zodiac Aerospace

Philippe Petitcolin, Safran's chief executive said the acquisition represents "a unique opportunity" and said his company's industrial expertise will "accelerate the return to their historical levels of profitability in the seats and cabin activities". Read More

Why Credit Suisse Remains So Positive on Kinder Morgan

The stock's market capitalization is $50.34 billion. Cohen & Steers Inc. boosted its position in shares of Kinder Morgan by 247.5% in the second quarter. Kinder Morgan attributed poor revenue performance due to a decline in transport volumes which fell 2% in the latest quarter. At the movement stock is under coverage by number of analysts. Read More

Bank of Canada maintains overnight rate target at 1/2 per cent

Bank of Canada maintains overnight rate target at 1/2 per cent

The Canadian dollar was dragged down more than a full US cent on Wednesday, following comments from the Bank of Canada that an interest rate cut "remains on the table" if conditions warrant. Disclosure: the author is short the Canadian dollar against the US dollar. Aubrey Basdeo, head of fixed income for BlackRock Canada, said there are so many variables that it's hard to analyze the impacts of a US border adjustment tax and drop to its corporate tax rate. Read More

China says United States aluminum complaint lacks factual basis

China says United States aluminum complaint lacks factual basis

As for the subsidies case, the U.S. Senate Finance Committee ranking member Ron WydenRon WydenUS launches trade case against China over aluminum subsidies Trump's Central Intelligence Agency pick enters the fray FCC takes aim at AT&T, Verizon over "zero-rating" services MORE (D-Ore.) said "China has used every play in the book to give its aluminum producers an unfair advantage, from below-market loans to subsidized electricity, and America's aluminum industry has been decimated as a result". Read More

Mexico talks over wall 'will start immediately'

The peso depreciated after Trump started his press conference with comments on how he expected more automakers to move operations to the USA, the Financial Times reports. (GM) will follow Ford Motor Co.'s [d: f] example and keep more jobs in the U.S. Trump's remarks came several minutes into his first news conference since his November 8 electoral victory. Read More

Volkswagen Tiguan long-wheelbase — NAIAS

The new USA spec Tiguan's wheelbase is 4.4 inches longer than its European counterpart while its overall length is almost a foot longer than the first generation model it replaces. What do you think of the VW Tiguan Allspace? The wheelbase has been stretched 4, inches which should make for a smoother ride and more rear seat legroom. Read More

Martin Shkreli suspended from Twitter after harassing journalist

Martin Shkreli suspended from Twitter after harassing journalist

Metro.co.uk has contacted Mr Shkreli for comment . Duca told BuzzFeed on Sunday that she saw Shkreli's invitation to Trump's inauguration as an "act of trolling": "I didn't see the need to respect his privacy". A Twitter source told The Washington Post the ban is temporary as long as Shkreli appeals it and makes some required changes to his account. Few months later in December he was arrested by the FBI after being indicted on federal charges of securities fraud. Read More

Dealers defer cardbandi at petrol pumps

Axis Bank and HDFC Bank had announced that they would levy a 1% transaction fee on payments made at fuel bunks using debit or credit cards. "We have specific mechanisms to compute the margin and these do not have any scope for credit card MDR (merchant discount rate)". Read More