Money

Shell to divest another $10B in assets over 2 years

Shell to divest another $10B in assets over 2 years The oil and gas company posted revenue of $104.63 billion in the period. Royal Dutch Shell plc ADR (NYSE:RDS.A) has been assigned a consensus rating of "Hold" from the fifteen research firms that are now covering the company, Marketbeat Ratings reports. [Full Article...]

Crisis-hit Venezuela to ship gold to UAE for euros in cash

Crisis-hit Venezuela to ship gold to UAE for euros in cash A cargo plane operated by Moscow-based E-cargo reportedly landed in Caracas on Wednesday, raising speculation that it would transport the gold. The Russian opposition newspaper reported its sources said vehicles owned by the Central Bank of the United Arab Emirates had arrived on the tarmac in Dubai, and "gold was removed from the plane, which was then loaded with containers filled with cash... [Full Article...]

After Donald Trump intervenes, Foxconn to proceed with Wisconsin plant

After Donald Trump intervenes, Foxconn to proceed with Wisconsin plant The decision followed "productive discussions with the White House and the company" and a "personal conversation" between the president and Foxconn chairman Terry Gou, it said. On Friday Evers said he believed Foxconn was committed to Wisconsin but said the company needed to do a better job of communicating its intentions. [Full Article...]

Emirates Considering Switching Some A380 Orders to the A350

Emirates Considering Switching Some A380 Orders to the A350 Besides the Airbus A380, Emirates is also the largest operator of the Boeing 777-300ER, with 139 aircraft of the type. Emirates ordered 20 A380s with an option to buy 16 more. With airlines switching to smaller and more fuel efficient jets, sales in four-engine aircraft have taken a severe downturn. Airbus has dangled the prospect of closing A380 production before, and industry sources say suc... [Full Article...]

Ireland's match-up with England in numbers

Ireland's match-up with England in numbers Joe Schmidt will have to lift his side after admitting that his players had been left physically and emotionally bruised by their first Six Nations defeat in Dublin in six years . 2019, is of course, a World Cup year with the lure of Japan beckoning for all, adding even more weight to Europe's premier competition as nations do battle in a bid to generate momentum ahead of the summer's global ... [Full Article...]

Disappointing factory activity threatens global growth

Disappointing factory activity threatens global growth The final index for new export orders was 46.0, down slightly from a preliminary reading and showing the fastest contraction in 2-1/2 years. ANALYST'S TAKE: "The awful decline in the Caixin PMI index. However, veteran China watchers typically advise taking its data early in the year with a pinch of salt, suspecting the trends may be distorted by the timing of the Lunar New Year holidays. [Full Article...]

Britain outraged at EU's Gibraltar 'colony' reference

Britain outraged at EU's Gibraltar 'colony' reference The European Commission's vice president Frans Timmermans later said that United Kingdom nationals would be exempt from visa requirements as long as the same applied to EU citizens heading to Britain. Finding in Britain's favor against Spain in a case in 2006, the European Court of Justice stated: "Gibraltar is now a British Crown Colony". The text agreed by the 27 governments will be discussed ... [Full Article...]

Foxconn U-turns on $10bn Wisconsin factory after call with Trump

Foxconn U-turns on $10bn Wisconsin factory after call with Trump Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park ", the company said in a statement Friday. Mr Trump has repeatedly touted Foxconn's investment in Wisconsin - a politically important state - as proof his economic policies are working. Pleasant, Wis., on June... [Full Article...]

Concerning levels of arsenic, lead found in juice

Concerning levels of arsenic, lead found in juice Children are particularly vulnerable to the potential dangers of consumed heavy metals and toxins. While improvements have been made since Consumer Reports last tested juice products eight years ago, they now recommend parents give their children less juice. [Full Article...]

Amazon sparks fears with sales forecast

It was the second quarter in a row Amazon predicted softer-than-expected revenue. Amazon began removing a wide array of products from its India website late on Thursday to comply with the new foreign investment curbs that kick in on Feb.1 and disallow companies from selling products via vendors in which they have an equity interest. [Full Article...]

Local Wisconsin officials reassured by Foxconn

Local Wisconsin officials reassured by Foxconn But he says it appears Foxconn may be "leaving another state and community high and dry". We will continue to work with Foxconn to help the company meet its repeated goal of creating 13,000 jobs in Wisconsin. Flynn made that claim in a June 13, 2018 news release during the campaign. "In terms of TV , we have no place in the U.S.", he said in an interview. [Full Article...]

WhatsApp Hires EFF's Nate Cardozo as Privacy Policy Manager

WhatsApp Hires EFF's Nate Cardozo as Privacy Policy Manager The hires come in the wake of news that Facebook is planning to more closely align WhatsApp , Messenger and Instagram . "We've fundamentally changed how we run our company to focus on the biggest social issues, and we're investing more to build new and inspiring ways for people to connect", Zuckerberg said. [Full Article...]

Morrison still preferred PM according to first newspoll for 2019

Mr Morrison continues to lead Opposition Leader Bill Shorten as preferred prime minister at 43 per cent to 36 per cent. His address will also give Mr Morrison the chance to lay out his manifesto for the election, introducing his plans for a "strong economy and secure future". [Full Article...]

Fed pledges patience on rate hikes

Fed pledges patience on rate hikes In an expected move, the US Federal Reserve held interest rates steady on Wednesday. The blue-chip index ultimately closed up 434.90 points, or 1.8 percent, at 25,014.86. Although market-based measures of inflation compensation have moved lower in recent months, survey-based measures of longer-term inflation expectations are little changed. [Full Article...]

Alibaba revenue up 41% in Q3 of 2019 fiscal year

Alibaba revenue up 41% in Q3 of 2019 fiscal year Core Commerce revenue increased by 40% year-over-year to United States dollars 14.95 Billion, while Cloud Computing revenue rose by 84% to USD 962 Million. Tsai also shrugged off concerns over the ongoing trade war between the US and China . Last year, the economic growth of China slowed to its weakest in almost 30 years, with the growth expected to decline even further in 2019. [Full Article...]

Consumers Asks Customers to Reduce Gas Usage After Fire

Consumers Asks Customers to Reduce Gas Usage After Fire General Motors is temporarily halting operations at 11 MI assembly plants and its Warren Tech Center campus after Consumers Energy urgently asked users to conserve their natural gas, reports Reuters . Editor's note: Both DTE Energy and Consumers Energy are corporate sponsors of Michigan Radio . "In our 130 years, we've never experienced this kind of demand or these kinds of temperatures", Po... [Full Article...]

Chinese trade deal ‘unacceptable’ unless Beijing opens markets, says Trump

Chinese trade deal ‘unacceptable’ unless Beijing opens markets, says Trump The United States and China launch a critical round of trade talks on Wednesday amid deep differences over USA demands for structural economic reforms from Beijing that will make it hard to reach a deal before a March 2 U.S. They will meet with the US Trade Representative Robert Lighthizer and White House trade advisor Peter Navarro. China has signaled a willingness to buy more American products... [Full Article...]

Unemployment figures not released by government: NITI Aayog VC Rajiv Kumar

Unemployment figures not released by government: NITI Aayog VC Rajiv Kumar Youth unemployment was much higher in 2017-18 than in previous years, according to the government report, and "much higher compared to that in the overall population". "The country could not have experienced a growth of 7 per cent if unemployment had been on the rise". The Indian economy has been expanding at a rate of over 7 per cent annually, one of the fastest in the world. [Full Article...]

US Federal Reserve to remain patient on interest rates

US Federal Reserve to remain patient on interest rates Federal Reserve Chairman Jerome Powell and other officials have hammered home the message that the Fed can be "patient" while gauging how the U.S. economy is likely to perform this year, after strong growth and four rate increases last year. [Full Article...]

Microsoft Reports Slight Q2 Earnings Beat (NASDAQ:MSFT)

Microsoft Reports Slight Q2 Earnings Beat (NASDAQ:MSFT) Since past year, Microsoft reports that its Surface revenue has grown by 39% and gaming by 8% with a total 64 million active Xbox Live users during the holidays. Here's the operating income breakdown. Windows simply isn't the universal computer language it once was and the situation is likely to get worse. "Windows OEM Pro revenue declined 2 per cent, roughly in-line with the commercial PC market"... [Full Article...]


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