Economy

Economists polled by Reuters had forecast payrolls increasing by 185,000 jobs last month and the unemployment rate holding steady at 4.4 per cent. Economists had forecast the ADP report would show a gain of 185,000 jobs. In other news, crude futures pared almost most of their gains, settling just above break-even, after a bigger than expected draw in US crude inventories was offset by an announcement from President Donald Trump that the U.S.is withdrawing from the 2015 Paris climate ...
  • $15 minimum wage, 3 week paid vacation coming to Ontario

    $15 minimum wage, 3 week paid vacation coming to Ontario

    Economy

    Among the many proposals, it will impact shift workers, requiring employers to pay three hours of wages if an employee's shift is cancelled with less than 48 hours' notice. The press release says this type of employment makes it hard to earn a decent income and interferes with opportunities to enjoy decent working conditions and/or puts workers at risk.
  • Irish government looks to London IPO of Allied

    Irish government looks to London IPO of Allied

    Economy

    Analysts say it could raise around 3 billion euros, based on the bank's book value of 11.3 billion euros at the end of past year and the fact that it has continued to generate capital and resumed dividend payments since. AIB fell into trouble due to its significant exposure to suddenly-worthless housing and commercial developments exposed when Ireland's property bubble burst.
  • Speaker says Illinois Legislature will miss budget deadline

    Economy

    Passed by the state Senate Wednesday night after having approved by the House earlier, it would allow a change in the marker if a medical or mental health professional affirms that the applicant has had "clinically appropriate" treatment, but not necessarily surgery, as now required, the Chicago Tribune reports.
  • Samsung Heavy wins KRW 2.8 tn FLNG order

    Samsung Heavy wins KRW 2.8 tn FLNG order

    Economy

    US energy major Exxon Mobil Corp agreed this year to pay Eni $2.8 billion for a 25 percent stake in its huge Area 4 concession off the coast of Mozambique, which includes the Coral South field. The Coral field, discovered in May 2012, is located in Mozambique Area 4 and has 450bn ft of gas in place (16 trillion ft) of gas in place, said Eni.
  • Doughnut delivery by drone in Denver is a peek at the future

    Economy

    Celebrate with one free doughnut of your choice! Krispy Kreme: One free doughnut of your choice. LaMar's Donuts: LaMar's is offering not one but two National Doughnut Day deals. Get one free OC Sand doughnut at participating stores. Square Doughnuts : The Salvation Army will be handing out free square doughnuts at Monument Circle starting at 6 a.m.
  • Don't buy a new MacBook until you have read this

    Economy

    The keynote could feature more details on Apple's environmental plans for the new campus. Finally, there are also four models detailed in this leak that appear under "Tablet PC brand", which could point to the launch of new iPads at the WWDC keynote.
  • Notable Stock Analysts Ratings Yamana Gold, Inc. (AUY)

    Economy

    It has outperformed by 74.38% the S&P500. New Oriental Education & Technology Group had 20 analyst reports since September 9, 2015 according to SRatingsIntel. (USA) (NYSE:AUY) earned "Outperform" rating by RBC Capital Markets on Monday, December 12. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, November 24.
  • Trump's Decision on Paris Climate Accord Not Reflecting Economic Realities

    Economy

    Environmental campaigners staged protests against President Donald Trump's decision to pull the United States out of the Paris climate accord , while other nations pledged to double down on their efforts to curb global warming . Monier says, " The Paris agreement is certainly a step in the right direction, but it is only a step. The United States will cease all implementation of the non-binding Paris Accord and the draconian financial and economic burdens the agreement imposes ...
  • Putin on Trump's withdrawal from Paris Accord: 'Don't worry, be happy'

    Economy

    The US in April struck a Syrian air base with cruise missiles after accusing Assad's military of killing scores of civilians with a nerve agent launched from the base. "They voted for him and the other team made a mistake..." Putin said. "You're an idiot, because the Jews are to blame, right? That's how we can fight terrorism", Modi said.
  • Quitting Paris accord likely won't impact many US companies

    Economy

    IBM CEO Ginni Rometty will remain on the council, the company said on Friday as it reaffirmed its support for the Paris accord. Critics of the move include Travis Rieder , a Johns Hopkins bioethicist who was among five experts to analyze what the withdrawal means for the planet, US business, and the world's poor in an article published by The Conversation .
  • European Union and China backing Paris climate pact after Trump withdrawal

    Economy

    In addition to this wave of protest, former United States President Barack Obama applauded the efforts of the administration to outthrow the decision made by the President. Disney CEO Robert Iger announced that he had resigned from a White House advisory council following Trump's announcement. " Trump's decision to ditch the Paris deal will leave a fairly big shoe for a single country to fill", Xinhua wrote .