US's Tough Trade Talk Scores Win In Battle With G20 Powers

Protectionism can include border tariffs and rules that favor a country's businesses over those in another economy. While the G20 remains an informal forum and Saturday's statement is non-binding, it does help set the tone for economic and financia... More..

by | Published more than a month ago
by | Sunday, March 19, 2017

G20 finance chiefs fail to renew anti-protectionist pledge after U.S. opposition

The statement dropped language from previous G-20 statements that said countries should resist "all forms" of trade barriers. The outcome marked a win for Trump, whose "America First" agenda and anti-globaliz...More..

by | Sunday, March 19, 2017

G20 finance ministers drop anti-protectionist pledge amid United States pushback

The communique issued on Saturday was milder than the last one, from 2016. Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development, downplayed differences over the languag...More..

Cliffs Natural Resources Inc. (NYSE:CLF) Analyst Estimates
by | Sunday, March 19, 2017

Cliffs Natural Resources Inc. (NYSE:CLF) Analyst Estimates

When we look at the Volatility of the company, Week Volatility is at 5.69% whereas Month Volatility is at 5.64%. Finally, JPMorgan Chase & Co. raised their price objective on Cliffs Natural Resources from $7....More..

by | Sunday, March 19, 2017

Local JCPenney Stores Spared From Cuts

The Limited closed its remaining stores last month , and American Apparel, which filed for bankruptcy for a second time past year, is expected to close all its stores. "We understand that closing stores will i...More..

by | Sunday, March 19, 2017

G20 financial chiefs agree open trade is key to growth-Schaeuble

The organization is one of several global groups invited to participate in the meeting . By comparison, last year's meeting called on them to resist "all forms" of protectionism, which can include border tar...More..

MTA fare hike officially goes into effect
by | Sunday, March 19, 2017

MTA fare hike officially goes into effect

For these one-way fares, any increase greater than 6 percent would be not more than 50 cents per ride. The MTA's continued discipline in keeping costs down has resulted in the lowest increase since 2009, wh...More..

by | Sunday, March 19, 2017

Aso: No G20 member was against free trade

The confrontation at a two-day meeting of finance ministers of the Group of 20 economies pitted the US, which is seeking to rectify what it says is an off-kilter global trading system, against a bloc of adv...More..

by | Sunday, March 19, 2017

Brazil meat-packing giants 'exported rotten beef'

Authorities have suspended 33 government officials amid allegations that some of the country's largest meat processing companies have sold rotten beef and poultry for years according to a BBC News report. Three...More..

Gold gains further, silver weakens
by | Sunday, March 19, 2017

Gold gains further, silver weakens

In other precious metals, spot silver rose 0.05 percent to $17.31 per ounce, after hitting its highest in a week at $17.56. While the Fed raised interest rates by 25 basis points on Wednesday as widely expect...More..

by | Sunday, March 19, 2017

G-20 finance chiefs warn of FX rate volatility

The G20 finance ministers' communique failed to keep up its past commitments, such as promoting open trade and an outright rejection of protectionism, Deutsche Welle reported. Host Germany dropped the no-pr...More..

by | Sunday, March 19, 2017

Zacks Rank on US Bancorp (USB) based on Estimated Earnings

U.S. Bancorp got Initiated on 11-Jan-17 where investment firm UBS Initiated the stock to Buy. Finally, Beacon Financial Group raised its position in U.S. Experts at Zacks have given it a short term rating of 2,...More..

Former EPA Head: Trump's Budget an 'All Out Assault' on The Environment
by | Sunday, March 19, 2017

Former EPA Head: Trump's Budget an 'All Out Assault' on The Environment

Funding for historically black colleges and other minority-serving institutions would remain at current levels under the budget. That $100 million will help fund a $54 billion bump for the military. President T...More..

US Treasuries rally hard even as Fed hikes rates
by | Sunday, March 19, 2017

US Treasuries rally hard even as Fed hikes rates

In 2019, the bottom end of the range forecast for the Fed funds rate was nudged higher from 2.4% to 2.6%, with the upper bound unchanged at 3.3%. Inflation picked up and now close to FOMC target but core infl...More..

by | Sunday, March 19, 2017

China to build station on Scarborough Shoal, ignoring Hague ruling

The Republic of China (Taiwan) Ministry of Foreign Affairs (MOFA) has declared that no code of conduct in the South China Sea will be binding on Taiwan if it is cast out of the negotiations and dialogues aimed ...More..

by | Sunday, March 19, 2017

Colorado JCPenney stores among 138 to close nationwide

Cascade Crossings Sault Ste. The store at the Dunkirk-Fredonia Plaza is one of three stores in NY set to close. The closings don't include the JCPenney Museum and Mother Store in Kemmerer and other location...More..

Maharashtra budget: State to spend less on health and nutrition schemes
by | Sunday, March 19, 2017

Maharashtra budget: State to spend less on health and nutrition schemes

The Finance Minister said that the state would this year allocate Rs 8,233 crores for irrigation projects in the state. In the budget, the allocation for the welfare of minorities was Rs 350 crore as compar...More..

by | Sunday, March 19, 2017

Top NSA official ridicules allegation Britain spied on Trump

One US official familiar with the discussions said the British complained to the White House about Spicer giving a platform to Mr Napolitano's remarks. The British intelligence agency Government Communicatio...More..

by | Sunday, March 19, 2017

G20 finance chiefs fail to renew anti-protectionist pledge after United States opposition

Sources said the United States delegation could not commit as they had not been given instruction from Washington to do so at the meeting in the western German spa town of Baden-Baden. G20 financial chiefs ha...More..

by | Sunday, March 19, 2017

Kurdish supporters in Frankfurt protest against Erdogan

Many demonstrators carried symbols of the outlawed Kurdistan Workers Party (PKK) which has battled the Turkish state for over three decades in a continuing insurgency. "We once again remind European countries: ...More..

by | Sunday, March 19, 2017

G20 finance ministers meet as America First casts pall

However, German Finance Minister Wolfgang Schauble struck a conciliatory tone, noting that in the USA the matters of finance and trade were divided in two portfolios. Breaking a decade-long tradition of endorsi...More..

US Treasury halts retirement outlays to stay under debt limit
by | Sunday, March 19, 2017

US Treasury halts retirement outlays to stay under debt limit

Mnuchin's predecessors also had been forced to resort to "extraordinary measures" when the USA debt level has bumped up against the ceiling, which gave the Treasury a few months of leeway while negotiations wit...More..

by | Sunday, March 19, 2017

G-20 Drops Anti-Protectionist Pledge as Trump Stance Goes Global

By comparison, last year's meeting called on them to resist "all forms" of protectionism. The statement, while nonbinding, is important as it helps set the tone for global economic and financial policy. Chi...More..

Delhi braces for crippling Jat protests
by | Sunday, March 19, 2017

Delhi braces for crippling Jat protests

Police said adequate police and paramilitary personnel had been deployed. A Metro official said, the services will resume only after getting clearance from the Police. The agitation completed 47 days on Thursda...More..

Reactions to Jason Kenney's PC leadership victory pouring in
by | Sunday, March 19, 2017

Reactions to Jason Kenney's PC leadership victory pouring in

The three men seeking the leadership of Alberta's Progressive Conservative party had one final opportunity to gain support before its delegates voted today. The PC Alberta party has selected Jason Kenney, the f...More..

by | Sunday, March 19, 2017

G-20 finance chiefs to keep past currency pledges

Members of G20 sitting in the Convention Center during the G20 Finance Ministers and Central Bank Governors Meeting at the Kurhaus in Baden Baden , Germany, on Friday. has had a bad deal from the current set...More..

by | Sunday, March 19, 2017

Rex Tillerson arrives for tricky first China visit

State Department. Tillerson had made the statements about actions against North Korea soon after he visited the Demilitarized Zone, which separates North Korea and South Korea. "As time goes by, there will ...More..

EPA to send Flint $100 million for drinking water infrastructure
by | Sunday, March 19, 2017

EPA to send Flint $100 million for drinking water infrastructure

Officials switched the small Eastern Michigan city's water supply from Lake Huron in 2015 to the Flint River in a bid to save money. The city of Flint just scored another major victory in its fight for clea...More..

by | Sunday, March 19, 2017

G-20 members fuss over free-trade view

Mnuchin rejected a statement from other leading economies that warned of the dangers of trade protectionism and rejected the suggestion of emphasizing the importance of free trade in a joint statement issued by...More..

YouTube is getting rid of video annotations
by | Sunday, March 19, 2017

YouTube is getting rid of video annotations

YouTube annotations have felt increasingly outdated and out of place. As of May 2, you won't have to close any more of those frustrating text boxes that block your view of the latest video with the company a...More..

Court orders return of OPL 245 back to Shell, Eni
by | Sunday, March 19, 2017

Court orders return of OPL 245 back to Shell, Eni

Malabu oil and Gas Limited had sought to stay the delivery of the ruling to enable it be involved in the case, because it would be affected by the court's decision in the applications by Agip and Shell. Dan Et...More..

by | Sunday, March 19, 2017

Europe two-faced on democracy, human rights: Turkish PM

Dutch voters on Wednesday returned Mr Rutte's liberals to power, seeing off a challenge from the anti-Islam party of Mr Geert Wilders. "They are of the same mentality". Leïla Bodeux explained that the main aim...More..

Govt, TEPCO ruled liable for N-crisis for 1st time
by | Sunday, March 19, 2017

Govt, TEPCO ruled liable for N-crisis for 1st time

The plaintiffs claimed that the Japanese government should have foreseen the tsunami based on a government estimate in 2002 that there was a 20 percent chance of a magnitude-8-level natural disaster occurring w...More..

by | Sunday, March 19, 2017

G20 fails to agree on free trade endorsement

According to reports, officials were looking to replace the group's long standing opposition to "all forms" of protectionism with a new wording that would reflect USA concerns and reference "fair" trade. German...More..

Trump budget could lead to largest federal employee layoffs
by | Saturday, March 18, 2017

Trump budget could lead to largest federal employee layoffs

President Donald Trump's budget will enact the largest cuts to federal spending since the end of World War II, The Washington Post reported. To keep the government running, lawmakers will need to approve a sp...More..