Economy

Barack Obama's call to Emmanuel Macron Thursday helped the centrist businessman-politician achieve his first-place showing (23.9 percent) in France's initial presidential voting Sunday, French political pundits told Newsmax. Chancellor Angela Merkel's spokesman wished Macron "all the best for the next two weeks". With voters hungry for change, Fillon was seen as a shoo-in until January when he was knocked off course by allegations that he gave his British-born wife a fictitious job as his ...
  • France's rejected mainstream unites for Macron over Le Pen

    Economy

    Choosing from inside the system is no longer an option. Other candidates also cast their ballot Sunday morning, including Socialist Benoit Hamon and far-leftist Philippe Poutou. Louis Aliot, one of the vice-presidents of the French far-right National Front (FN) party, walks past electoral posters in Perpignan. Patrick KOVARIK (Photo credit should read PATRICK KOVARIK/AFP/Getty Images) French presidential election candidate for the En Marche! movement Emmanuel Macron kisses his wife ...
  • Erdoğan commemorates victims of 1915 Armenian killings

    Erdoğan commemorates victims of 1915 Armenian killings

    Economy

    Trump's statement acknowledged the heated debate over the term genocide. The Armenian Genocide (1915-23) was the deliberate and systematic destruction of the Armenian population of the Ottoman Empire during and just after World War I. "As we reflect on this dark chapter of human history, we also recognize the resilience of the Armenian people". More than 20 countries have officially recognized the facts of the Armenian Genocide .
  • International Monetary Fund raises Portugal GDP growth projections to 1.7%

    Economy

    The forecast for this year was revised down in 0.5 percentage point over the one made in January, with next year's estimate also brought down 0.1 percentage point. In emerging and developing countries, macroeconomic conditions are expected to improve, partly underpinned by some recovery of worldwide commodity prices, in the case of countries that rely on exports of these goods.
  • Baker Hughes Incorporated (BHI) Scheduled to Post Quarterly Earnings on Tuesday

    Economy

    On Wednesday, August 31 the stock rating was maintained by Citigroup with "Buy". The rating was maintained by Needham on Thursday, July 23 with "Buy". The weekly performance is -1.39% for Baker Hughes Incorporated, while the monthly performance measure stands at -1.21%. 01/19/2017 - Baker Hughes Incorporated was downgraded to "hold" by analysts at Societe Generale.
  • Dems say no shutdown if Trump relents on wall

    Dems say no shutdown if Trump relents on wall

    Economy

    Aides stressed on Sunday talk shows that funding a wall along the U.S. Republican leaders in Congress have also downplayed the possibility of shutdown, which would be the government's first since 2013, but a budget accord with Democratic lawmakers has yet to be reached.
  • Treasury denies Exxon waiver to drill in Russian Federation

    Treasury denies Exxon waiver to drill in Russian Federation

    Economy

    The Wall Street Journal , which first reported that Exxon was seeking a waiver, said the company was concerned that its global oil rivals were gaining an advantage in Russian Federation. Neither Exxon nor the U.S. Treasury Department would comment on the waiver request. Donald Trump's administration has refused to allow U.S. oil company ExxonMobil to drill for oil in Russian Federation.
  • Ipic and 1MDB settle dispute

    Ipic and 1MDB settle dispute

    Economy

    Malaysia will also assume the coupon and principal obligations for two dollar bonds issued by 1MDB and co-guaranteed by IPIC, according to the statement. IPIC is seeking $6.5 billion from 1MDB and took the case to the LCIA last June but both companies have been trying to thrash out a private settlement since then, Reuters report said.
  • Trump says he will release tax changes package next week

    Trump says he will release tax changes package next week

    Economy

    The Dodd-Frank law, signed under former President Barack Hussein Obama, was passed in response to the financial crisis of Y's 2007-2008. Federal Reserve Vice Chairman Stanley Fischer said in a Friday interview with CNBC that there are aspects of the Dodd-Frank law which if taken away would have "potentially serious impacts on the economy, not immediately, but when times get tough".
  • Lawyer representing United passenger takes on American Airlines

    Economy

    The mother, holding a baby, is seen sobbing at the front of the plane after the pram incident, which was not caught on camera. The AA flight attendant immediately responds telling the angered passenger to "stay out of this". In a statement on Saturday, American Airlines said they have launched an investigation into the incident, and the passenger and her family were upgraded to first class for the remainder of their worldwide trip.
  • Security tight as France prepares for presidential vote

    Economy

    It still represents an quake that will reshape French and potentially European politics for years to come. He called the measures a "guarantee to the French people this fundamental right of choosing their future". He spoke Monday to RTL radio after the earthshaking vote that saw France's mainstream political parties shut out of the presidency for the first time in modern history.