Economy

Ms Goodman acknowledged that Labour faces an uphill struggle ahead of the June 8 snap election . "If the SNP wins this election in Scotland and the Tories (Conservatives) don't, then Theresa May's attempt to block our mandate to give the people of Scotland a choice over their own future when the time is right will crumble to dust", said Sturgeon, who heads Scotland's devolved government.
  • Chaffetz Texts Utah Radio Host 'I Might Depart Early' From Congressional Seat

    Chaffetz Texts Utah Radio Host 'I Might Depart Early' From Congressional Seat

    Economy

    The Utah Republican announced Wednesday he wouldn't run for re-election or for any other political office in 2018 and would instead rejoin the private sector. The Democratic Congressional Campaign Committee pounced on Chaffetz's decision, saying his "behavior has always been beneath the dignity of the office he holds", and he should step down immediately from his Oversight Committee perch.
  • The The Sage Group plc (SGE) Upgraded to Outperform by BNP Paribas

    Economy

    Among 11 analysts covering RPC Group PLC ( LON:RPC ), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 83% are positive. ASOS Plc had 186 analyst reports since August 4, 2015 according to SRatingsIntel. Barclays Capital has "Underweight" rating and GBX 70 target. The firm earned "Market Perform" rating on Wednesday, April 27 by Northland Capital. Liberum Capital maintained it with "Hold" rating and GBX 1700 target in Wednesday, April 12 report.
  • Russian Energy Ministry considering extension of oil output cuts deal - Minister

    Russian Energy Ministry considering extension of oil output cuts deal - Minister

    Economy

    American production has increased about 10% to 9.25 million barrels a day in the past year. Analysts say there are early indications that at least some inventories, key in gauging the health of the market, are starting to draw down. Elsewhere in the energy spectrum, May gasoline tacked on 0.7% to $1.671 a gallon and May heating oil edged down by 0.2% to $1.579 a gallon. "OPEC is like a magician waving his hands and trying to pull the rabbit out the hat, but still the rabbit isn't there", ...
  • GM turns to China for electric vehicle production

    Economy

    GM's other brands have been on a tear in the world's largest auto market, including Buick, which topped 1 million vehicle sales in China previous year to rise to second place behind Volkswagen AG's namesake brand. Volkswagen plans to launch its first purely electric auto in China next year and 13 new-energy vehicles by 2020. The company said it would also sell 10 EP9 electric "super cars" for US$1.48 million (S$2 million) without offering a timeline.
  • Borussia Dortmund attack: Police make new arrest - NOT terror-related

    Economy

    Police say it was his plan to attack the team, hoping to cause the stock price to tumble before finalizing the purchase, at which point he could sell the options at a higher pre-attack price. The three explosive devices, packed with metal pieces, were hidden along a 12-metre (40-foot) stretch of the hedge - two at ground level, with the third placed at a height of about one metre, prosecutors said.
  • Widespread power outage in San Francisco

    Economy

    The power outage, which affected several neighborhoods, including the Financial District, Cow Hollow and the Presidio, resulted in the closure of the Montgomery BART station in San Francisco and halted service on all of the city's cable vehicle lines this morning.
  • International Monetary Fund can cooperate with Trump to improve global trade - Lagarde

    International Monetary Fund can cooperate with Trump to improve global trade - Lagarde

    Economy

    Eswar Prasad, former head of the IMF's China department, said the Trump administration may choose to simply ignore the advice of the International Monetary Fund and other institutions. "Part of my job is ensuring that we have proper regulation, but ensuring that we don't have conflicting regulation", he said. "Maybe a big postcard, but you can still stick it in the mail".
  • Samsung is planning on bringing flip phones back

    Economy

    Sam Mobile has just released information on an unreleased Samsung device codenamed Cruiser, otherwise known as the Galaxy S8 Active. Executives told Reuters on the sidelines of the S8 briefing that it has seen an improvement in consumer sentiment since late January when it revealed results of its inquiry into the fire-prone Note 7 and laid out measures to prevent a recurrence.
  • International Monetary Fund lowers 2016-17 growth forecast for Egypt to 3.5 percent

    Economy

    The IMF has been somewhat pessimistic in its predictions since the 2008 financial crisis, expressing concern over the global economy's slow rate of recovery. Moreover, that's up from 3.1 percent a year ago. The monetary fund's latest outlook for the economy comes in advance of spring meetings in Washington this week of the IMF, the World Bank and the Group of 20 major economies.
  • Luxury retailer Jimmy Choo puts itself up for sale

    Luxury retailer Jimmy Choo puts itself up for sale

    Economy

    The move was backed by the company's independent directors and JAB Luxury, its majority shareholder with a stake of 68%. Jimmy Choo shares were up 5.3% on Monday at 177.35 pence per share, giving the firm a market capitalisation of around GBP691.2 million.