Markets


Trump relaxes United States salt reduction targets for school meals
- May 05, 2017

Perdue, a former Georgia governor, signed the proclamation this week delaying an upcoming requirement to lower the amount of sodium in meals while continuing to allow waivers for regulations that all grains in school lunches must be 51 percent whole grain. (more...)
United Kingdom auto sales tumble sharply following introduction of new road tax rules United Kingdom auto sales tumble sharply following introduction of new road tax rules
- May 05, 2017

Private buyers and business demand were also down, falling by 28.4% and 21% respectively. The Society of Motor Manufacturers and Traders said 12,059 cars were sold in Scotland - 17.5% down on a year ago. SMMT chief executive Mike Hawes said he expected demand to stabilise this year. Cheap finance has been key to the success of the sector in recent years with up to 90 percent of cars sold using personal contract plans, whereby customers effectively rent a new vehicle for two to three years ... (more...)
Russia, Iran, Turkey sign on 'de-escalation zones' in Syria Russia, Iran, Turkey sign on 'de-escalation zones' in Syria
- May 05, 2017

He stressed it will be "crucial to see this agreement actually improve the lives of Syrians". The same was suggested in a United Nations statement, which said Secretary-General Antonio Guterres "welcomes the commitments to ceasing the use of all weapons, particularly aerial assets". (more...)
Baba Ramdev to launch fast food chain to take on KFC, McDonald's Baba Ramdev to launch fast food chain to take on KFC, McDonald's
- May 05, 2017

Continuing in the same vein, he referred to Prime Minister Narendra Modi and said "patriotism is in his blood and he won't flinch from following his duty". the company said. Formed about a decade ago, it had a 1.2 percent share of India's beauty and personal care market in 2015 from 0.2 percent in 2011, according to Euromonitor. (more...)
Japan, ASEAN countries mull ways to counter financial crises Japan, ASEAN countries mull ways to counter financial crises
- May 05, 2017

YOKOHAMA, Japan, May 5 (Yonhap) - Chief financial policymakers of South Korea, Japan and China have vowed to fight against "all forms of protectionism" amid growing concerns of U.S. The reason for his absence was unclear, but China has been at odds with South Korea over the deployment of an advanced United States missile defence system and with Japan over history and security issues. (more...)
Drop in Viacom Ad Sales Fuels Stock Decline Drop in Viacom Ad Sales Fuels Stock Decline
- May 05, 2017

Net profit attributable to Viacom fell to $121 million, or 30 cents per share, in the company's second quarter ended March 31, from $303 million, or 76 cents per share, a year earlier. The network is being billed as a premium entertainment channel. Viacom says Paramount's Filmed Entertainment unit saw a 37% revenue bump to $895 million with an adjusted operating loss of $66 million, an improvement from last year's $136 million loss. (more...)
US Congress averts government shutdown with one-week stopgap bill US Congress averts government shutdown with one-week stopgap bill
- May 05, 2017

President Donald Trump had warm words for members of the GOP-led Congress in an interview airing Monday on "CBS This Morning", despite the ongoing battle over health care and fractious moments with the House Freedom Caucus. The House may again try to vote on health care as early as next week, about a month after opposition from moderates and conservatives forced Ryan to cancel a vote on the measure at the last minute. (more...)
Syrian war: Russia, Iran, Turkey agree on 'de-escalation zones' amid criticism, praise Syrian war: Russia, Iran, Turkey agree on 'de-escalation zones' amid criticism, praise
- May 05, 2017

Russian Federation and Iran back Syrian President Bashar al-Assad's forces in the war while Turkey is supporting rebel forces. Although Russia and Iran exert influence over Syrian President Bashar al-Assad and Turkey is an important backer of the rebels, there were few early signs that either side was committed to the deal. (more...)
Chicago aviation chief apologies for United passenger removal Chicago aviation chief apologies for United passenger removal
- May 05, 2017

At a tense US House of Representatives committee hearing on Tuesday, lawmakers threatened United and other carriers with legislation aimed at improving customer service. Edward Markey (D-Mass.) said. "But there will come a day when Congress won't accept it anymore on behalf of the American people". Cohen and Rep. Adam Kinzinger, R-Ill., who introduced legislation that would establish minimum seat standards for comfort and safety, said the average distance between rows has declined from 35 ... (more...)
Three reasons why Steelers drafting Pitt's James Conner is flawless Three reasons why Steelers drafting Pitt's James Conner is flawless
- May 05, 2017

Conner wasn't done, as he earned recognition as first-time all-conference with 216 carries for 1,092 yards and 16 touchdowns last season. Mr. Watt will now be preparing to face the crème de la crème of the college athletes offered up for competition in the NFL. (more...)
Fed holds interest rates steady, downplays first quarter economic weakness Fed holds interest rates steady, downplays first quarter economic weakness
- May 05, 2017

FED WATCH: Investors expect the Fed to keep the benchmark US interest rate on hold this month but are looking to a post-meeting statement for signs of when the next increase might come. The Fed has only raised interest rates three times in the last decade, most recently in March this year. Wednesday's statement underlined sentiment that the Fed will raise rates gradually. (more...)
Floods threaten parts of Arkansas, Missouri as National Guard steps in Floods threaten parts of Arkansas, Missouri as National Guard steps in
- May 05, 2017

Northbound I-55 is expected to close before the afternoon rush hour on Wednesday. The Meramec River crested early Thursday morning and MoDOT crews began opening lanes as the water receded. Vincent de Paul, which works alongside local disaster committees to help families evacuate their homes before the flooding and provides housing and storage for affected families. (more...)
Health Advocates: House Put 'Politics Over Public Health' in AHCA Health Advocates: House Put 'Politics Over Public Health' in AHCA
- May 05, 2017

It failed to attract conservatives like Sen. "The bill passed by the House today will result in millions of Americans losing access to quality, affordable health insurance, and those with pre-existing health conditions face the possibility of going back to the time when insurers could charge them premiums that made access to coverage out of the question", said Dr. (more...)
'Terrific start to 2017' for Google's parent company Alphabet 'Terrific start to 2017' for Google's parent company Alphabet
- May 05, 2017

GOOG shares were trading around $916 each while GOOGL share were trading around $935 a piece, both up almost 5% around 4:35 in the afternoon in NY. This Wednesday, April 26, 2017, photo shows the Google mobile phone icon, in Philadelphia. (more...)
Fed holds interest rates steady, downplays economic weakness Fed holds interest rates steady, downplays economic weakness
- May 05, 2017

Fed officials have penciled two more rate hikes into their 2017 forecasts in addition to the one increase they made in March . Global stocks declined Wednesday ahead of a meeting of U.S. Fed funds futures, used by investors to place bets on the Fed's interest rate policy, showed 76% odds that the Fed would tighten policy by its June meeting, according to CME Group. (more...)
OPEC faces high-stakes decision as oil drops to 5-month low
- May 05, 2017

Data released on Tuesday indicated USA crude stocks fell 930,000 barrels last week. The Organization of the Petroleum Exporting Countries pledged to reduce output by about 1.2 million barrels per day (bpd) for six months from January 1 - the first supply cut deal since 2008. (more...)
Crude oil prices at lowest level in five months Crude oil prices at lowest level in five months
- May 05, 2017

Australia's Qantas tacked on 2.26 percent and Hong Kong's Cathay Pacific added 0.54 percent. OPEC members plan to make a decision on a potential extension to the output reductions on May 25 in Vienna. Late last year, the Organization of the Petroleum Exporting Countries (OPEC) and other producing countries announced oil output cuts of 1.8 million barrels per day (bpd) for the first six months of this year. (more...)
Archie Norman named new M&S chair Archie Norman named new M&S chair
- May 05, 2017

M&S Friday said Archie Norman would take up the position of non-executive director from September 1, replacing Robert Swannell. Norman will be charged with assisting chief executive Steve Rowe's revival of M&S after a prolonged poor performance in its womenswear business amid the rise of online and low-priced rivals. (more...)
U.S. economic growth slows to weakest rate in 3 years U.S. economic growth slows to weakest rate in 3 years
- May 05, 2017

The country's GDP increased at a mere 0.7 percent annual rate, down from 2.1 percent and 3.5 percent in the second half of 2016. The GDP report released Friday was the first of three estimates the government will make of first-quarter growth. (more...)
Justice Dept. opens criminal investigation into Uber Justice Dept. opens criminal investigation into Uber
- May 05, 2017

The investigation is in its early stages, but deepens the crisis for the embattled company and its chief executive and founder Travis Kalanick, who has faced a barrage of negative press this year in the wake of high-profile sexual harassment complaints, a slew of high-level executive departures, and a consequential trade secrets lawsuit from Google's parent company. (more...)

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