Finance

To view the full article, register now. Mnuchin added that it is the Trump administration's aim to reach a "sustainable growth of 3% or more", and that the goal is to reach that target at sometime in 2018. "As US markets become more frustrated by the lack of detail over Trump's policies, and come to the realisation that anything creative that might occur (if at all) will take some time to bite, expect the Dollars to be on the back foot", said David Crow, senior rates specialist at ANZ Bank ...
  • Mattis Warns NATO: Pay Up

    Mattis Warns NATO: Pay Up

    Finance

    The message was meant to be loud and clear: in a highly unusual move, American officials circulated Gen Mattis's intervention to the global media. "No longer can the American taxpayer carry a disproportionate share of the defense of Western values", Mattis told the meeting, according to prepared remarks distributed by the Pentagon.
  • Verizon! surprisingly! OK! with! Yahoo! despite! mega-hack

    Verizon! surprisingly! OK! with! Yahoo! despite! mega-hack

    Finance

    Following this new deal, it is likely that Verizon will also share some legal burden with Yahoo over their security breaches, giving Yahoo some breathing space. Yahoo shares popped more than 1% on the news, as investors express relief that the historic transaction will not fall apart completely. Verizon shares fell 0.7 percent to $47.96.
  • German, eurozone economic growth revised down slightly

    Finance

    The ZEW Centre for Economic Research said that its index of German economic sentiment declined by 6.2 points to 10.4 this month in a report on Tuesday. Higher inflation in Germany than the rest of the 19-nation eurozone has prompted politicians to grumble at the ECB's historic low interest rates and mass bond-buying policy, which they say are hurting savers.
  • SNL's Leslie Jones auditions to play Trump

    Finance

    A second sketch was afforded to Baldwin's Trump, as the actor switched briefly from his record-breaking hosting duties, to appear in a parody of The People's Court as part of attempts to reinstate his travel ban. Then the media missed out on writing on light terrorism like Nordstrom removing Ivanka Trump's clothing and accessories. She then said Ivanka's product's were "high, high quality" before pulling up a sleeve to reveal one of her bangles.
  • Restaurant Brands International profit beats as costs fall

    Finance

    Although there has been a slowdown in the restaurant market over the past few months, Restaurant Brands International CEO Daniel Schwartz has committed previously to opening more locations. The company earned $1.11 billion during the quarter. If you are viewing this article on another website, it was copied illegally and republished in violation of United States & global copyright & trademark legislation.
  • Sears, Kmart Remove Trump Line of Home Furnishings from Websites

    Finance

    That, in turn, prompted President Donald Trump to take to Twitter to defend his daughter-raising numerous questions regarding nepotism and conflicts of interest. Presidential counselor Kellyanne Conway later landed herself in a controversy when she went on "Fox and Friends" and promoted Ivanka Trump's brand.
  • More New Yorkers than ever are graduating from high school

    More New Yorkers than ever are graduating from high school

    Finance

    Delegate Rodney Miller said, "I got the privilege of making a presentation to Mr. Barnette recognizing their accomplishment for being a 90 percent graduation rate school". De Blasio also said the dropout rate fell to the lowest ever - 8.5 percent. Sweet added that the numbers were particularly troubling since New York City had been working under a corrective action plan imposed by the state in order to improve services for English language learners.
  • Oil prices soar as OPEC keeps its promise to slash production

    Oil prices soar as OPEC keeps its promise to slash production

    Finance

    In January, most producers adhered more or less to their respective targets, with the Saudis cutting output by 520,000 b/d, some 34,000 b/d more than what they committed. BMI Research noted that combined Nigerian and Libyan crude output rose by 200,000 bpd in January and that another 600,000 bpd could potentially be added over the next 6 months if unused capacity is opened up.
  • Nokia to acquire Comptel for €347m

    Nokia to acquire Comptel for €347m

    Finance

    Acquiring Comptel would help Nokia bolster its software portfolio. Comptel's revenue in 2015 was Euro 98 million with 8.7 percent operating margin. Nokia expects the acquisition to strengthen its software portfolio, add sales capacity, and increase its network of strategic partners.
  • Singapore Airlines buys 39 Boeing planes for $13.3B

    Finance

    According to SIA, the B777-9s it ordered are due for delivery starting in the 2021-22 financial year. SIA's aircraft commitment to Boeing is an important win for the American firm, which competes aggressively with its European rival Airbus for plane orders.