Finance

Finance Canadian leader responds to lumber tariffs imposed by the US
Author: 0 Canadian leader responds to lumber tariffs imposed by the US

The Trump administration's decision to slap tariffs on lumber imported from Canada should serve as a warning to its partners that the U.S.is planning stricter enforcement of trade laws, Secretary of Commerce Wilbur Ross said. "Their mid-term elections are only a year and a half away - we should be very strategic with the list", Wall said. An investigation by the Commerce Department has concluded that Canadian authorities subsidize timber companies to help them sell to the United States at ...

Author: 0 European Central Bank leaves policy unchanged - on to the Draghi show

Nevertheless, he still described risks as being tilted to the downside and that there were important areas of fragility within the Eurozone economy. Euro zone government bond yields nudged up along with the euro which was at $1.0913 having been as high as $1.0950 this week after pro-EU centrist Emmanuel Macron topped the first round vote in France.

Finance World oil prices edge down over expected climb in United States output
Author: 0 World oil prices edge down over expected climb in United States output

Oil-market news. Oil-exporting countries are moving closer toward ending a global glut and re-balancing the market, and OPEC will decide in May whether to extend production cuts, the group's Secretary-General Mohammad Barkindo said. ET). Increasing US output is undermining attempts by the Organization of the Petroleum Exporting Countries and other major oil producers to curb output and sustain a price rally in a market that has been oversupplied since mid-2014.

Finance Starbucks slides after a key measure of sales misses expectations
Author: 0 Starbucks slides after a key measure of sales misses expectations

The world's biggest coffee chain said net revenue was up 6 percent to $5.3 billion for the fiscal second quarter, falling short of the $5.4 billion expected by analysts polled by Thomson Reuters I/B/E/S. Factoring in that change, the company said the number of transactions was flat from a year ago. In addition, he said, Starbucks is being affected by an overall slowdown in the restaurant industry.

Author: 0 How major United States stock market indexes fared on Thursday

Last night he announced would not see rid of NAFTA, which is the free trade deal with Mexico and Canada, for now. Energy .SPNY was the loser among the top 11 major S&P 500 sectors, falling 1.8 percent on the back of a more than 2 percent decline in oil prices.

Author: 0 Local Gov'ts Slam Trump's Plan To Ax Tax Deductions

Mnuchin also argues that Trump's tax plan won't add to the $19 trillion debt. There will surely be compromises along the way, and while I don't like to be pessimistic, my guess is that the compromises will all make Trump's proposals worse.

Finance Inflation crawls into RBA target band
Author: 0 Inflation crawls into RBA target band

In essence, the gap between Australia's annual headline and core inflation reflects gasoline prices. However, Hobart's 0.8 per cent March quarter inflation was topped only by Melbourne (0.9 per cent), with national inflation at 0.5 per cent (and 2.1 per cent annually).

Finance BOJ upgrades assessment of economy
Author: 0 BOJ upgrades assessment of economy

But it lowered its core consumer price index (CPI) growth forecast to 1.4 percent from 1.5 percent in the same period. "The divergence between their price outlook and that of private economists continues, but it shouldn't be a big problem for now because it's been that way for a long time and few economists believe the BOJ's projections".

Author: 0 Investors Applaud French Vote With Stock Rally

Asia's equity rally pressed on for a fourth day Wednesday following another record close on Wall Street and with investor optimism high as Donald Trump is expected to unveil his much-vaunted tax overhaul. Stocks surged Monday, reflecting investors' renewed appetite for risk after results from the first round of French presidential elections eased concerns about the future of the eurozone.

Author: 0 US set to impose import tax on Canadian softwood lumber

Homebuilding stocks took a dive Tuesday morning, with the S&P 500 Homebuilding Index down 1.4%, according to an article in Business Insider by Jonathan Garber. American lumber companies were pleased with the decision . A pile of cut logs sit on Spanish Banks in Vancouver, British Columbia, Canada, on April 26, 2006.

Finance Airlines pushing back on talk of banning overbooking flights
Author: 0 Airlines pushing back on talk of banning overbooking flights

Nice that he plans to avoid a repetition of an event that was utterly avoidable in the first place. Much like the Bill of Rights here in the United States , air travelers have what's called the "Passenger Bill of Rights", which are certain rules that protect travelers heading to the airport.

Author: 0 Wells Fargo Board Scrapes Through Re-Election at Raucous Meeting

Marks said. [Chairman Stephen] Sanger tried to get Marks to sit down and wait until a specific Q&A session, telling him he was "out of order". An Occupy Wall Street West protester from San Francisco near an ATM at a Wells Fargo bank in the financial district in 2012.Sarah Rice/GettyWells Fargo's management ejected an unruly shareholder from the bank's contentious annual meeting on Tuesday after an extended period of argument and what the chairman characterized as a "physical approach" to a ...

Finance B.C. premier promises to fight U.S.-imposed softwood lumber tariffs
Author: 0 B.C. premier promises to fight U.S.-imposed softwood lumber tariffs

Considering Trump's blistering rhetoric against Mexico during and after the 2016 campaign, it's a surprise he made a decision to go after Canada first. "The process is, when you charge them enough, they're not going to send it anymore, it's a very simple process", he said. The two countries and Mexico are preparing to renegotiate the 23-year-old NAFTA.

Author: 0 Oil falls to two-week low as gasoline supply rises, dollar gains

US crude oil production reached 9.24 million barrels per day (bpd), according to the latest Energy Information Administration data , making it the world's third-largest producer after Russian Federation and Saudi Arabia. The bullish comments from the IEA came a day after the Organization of the Petroleum Exporting Countries' (OPEC) new monthly report on Wednesday revealed its members cut oil output in March more than anticipated.

Finance Twitter Wants To Broadcast Live Videos All Day Long
Author: 0 Twitter Wants To Broadcast Live Videos All Day Long

Twitter might even announce some of the shows that will be available on its 24/7 live broadcasts at NewFronts. Although they lost those rights to Amazon for this season's games, Twitter has seen "enough benefit from live video to make it a pillar of its growth and revenue strategy", according to Buzzfeed .

Finance Canada reports progress with US on lumber, 'but not there yet'
Author: 0 Canada reports progress with US on lumber, 'but not there yet'

The New York Times reported that the Commerce Department had determined Canada has been improperly subsidizing the sale of lumber products to the United States. "I am an unabashed free trader and Canada is a trading nation", Freeland said. Canadian stakeholders were angered, with Resolute denying it is subsidized.

Finance Twitter users up but 'headwinds' forecast
Author: 0 Twitter users up but 'headwinds' forecast

The company ended the quarter with $548 million in revenue , down 8% year-over-year, but above the $513 million projected by analysts, according to S&P Global Market Intelligence. Excluding certain one-time expenses, the company earned 11 cents per share, above the 1 cents per share projected. " Twitter needs an about face on how it approaches both the user and monetization sides of the business", said James Cakmak, an analyst with Moness, Crespi, Hardt & Co.in an investor note.

Finance Jason Chaffetz Won't Seek Re-Election in 2018
Author: 0 Jason Chaffetz Won't Seek Re-Election in 2018

The 50-year-old congressman said "no ulterior motives" influence the decision. He has laid out an agenda for the first two years of the Trump administration focusing on continued oversight of agencies; support for whistleblowers; open government; limited rule-making; scrutiny of the union role in the federal workplace; and addressing poor performance and misconduct by employees.

Finance Jennifer Lopez 'having a nice time' with Alex Rodriguez
Author: 0 Jennifer Lopez 'having a nice time' with Alex Rodriguez

After he texted her, their first date was "a nice dinner", she explained. She brought her kids - 9-year-old twins, Emme and Max . She also called him a "good guy" and a "gentleman". From there, A-Rod revealed he was living in Los Angeles , and he later made plans to grab a bite with the " On The Floor " singer. It can be recalled that speculations rounded up online about Jennifer Lopez and Alex Rodriguez's romantic relationship a few weeks ago.