• BC Liberal cabinet sworn-in, but defeat looms for minority government

    BC Liberal cabinet sworn-in, but defeat looms for minority government

    Economy

    On the surface, that is absolutely correct. "But the public has also said they want us to do things differently to address areas that impact their lives and their families every day - this new cabinet reflects that message". "The first order of business in this new parliament will be the election of a speaker". Mary Polak, the former environment minister, becomes the health minister, and Jas Johal, a first-time politician and former television reporter, is the minister of technology, ...
  • Fed raises rates, unveils cuts to bond holdings in sign of confidence

    Fed raises rates, unveils cuts to bond holdings in sign of confidence

    Economy

    The committee's statement said that inflation has declined recently, although household spending has picked up in recent months. The Fed also announced it would begin cutting its holdings of bonds and other securities this year. In its upward march on interest rates, the U.S. Federal Reserve has just slowed its cadence, if only subtly. Wednesday's decision brings the Fed's target for the federal funds rate , which covers overnight loans between banks, to a range of 1 percent to 1.25 ...
  • Federal Reserve Interest-Rate Decision-Live Analysis

    Economy

    The central bank updated its inflation projections to take account of a slowdown. Fed Chair Janet Yellen was holding a press conference at 2:30 p.m. "Fed officials predicted three increases at the beginning of the year, but inflation has weakened in recent months", Binyamin Appelbaum wrote in an analysis for the New York Times .
  • Muslims observing Ramadan saved residents in London high-rise fire

    Economy

    The building, constructed in 1974, underwent an $11 million renovation in 2016 that was supposed to improve the fire safety system, according to Kensington's Housing and Property Scrutiny Committee . She is now breaking her heart", Michael Paramasivan, a block resident, told BBC radio. In November a residents group, the Grenfell Action Group (GAC), highlighted ongoing concerns among residents over the safety of the tower, managed by the Kensington and Chelsea Tenant Management ...
  • 5 key takeaways from Attorney General Jeff Sessions' testimony

    Economy

    Angus King , D-Maine, questions Attorney General Jeff Sessions on Capitol Hill in Washington on Tuesday as he testified before the committee. "It is something that I adhere to", Sessions said . She did, but wasn't satisfied as Sessions continued to evade. This isn't the first time Harris has been reprimanded by her male colleagues.
  • Petroleo Brasileiro SA Petrobras (PBR) Shares Bought by TCW Group Inc

    Economy

    Leading up to this report, we have seen a -17.77% fall in the stock price over the last 30 days and a -6.86% decline over the past 3 months. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/06/14/wexford-capital-lp-acquires-shares-of-18628-petroleo-brasileiro-sa-petrobras-pbr-updated.html.
  • London fire: 6 dead and 50 injured in Grenfell Tower

    Economy

    The British government was under pressure Wednesday night to review fire safety measures in residential tower blocks following the fire at Grenfell Tower in west London . Ahlam Said, who made it out of the blaze early-on, was emotional as she spoke to CBS News outside the building. Blazing chunks of debris fell from the wrecked building, a 1970s local authority-built block in the working-class area of north Kensington, just streets away from the wealthy homes of Notting Hill.
  • Justin Rose starts quest for US Open crown

    Economy

    RORY McILROY , 2011 U.S. Open champion: We have 60 yards from left line to right line. "Because, yeah, I'm starting to get a lot more confidence over the last two events I've played compared to the first nine events that I played". The video showed Na throwing a ball into the fescue from three feet which promptly vanished. After walking the course here, it seems like there will be innumerable opportunities to hit all manner of blind shots and work the ball both ways, both of which Dufner is ...
  • US Consumer Prices Down 0.1% in May

    Economy

    There were 1.53 million unemployed people in the three months to April and 31.95 million people in work, again with the 74.8% employment rate standing at the joint highest level since comparable records began in 1971. Food prices rose for a fifth straight month. The Federal Reserve was expected to boost a key interest rate later Wednesday. This left finance ministry fuming as it felt that inflation was consistently low warranting a rate cut.
  • US Federal Reserve raises interest rate

    Economy

    They tend to raise their savings interest rate in much closer timing with the federal funds rate . The Fed also says it expects to begin reducing its balance sheet this year "provided the economy evolves broadly as anticipated". The central also updated its projections for inflation to take account of a slowdown. "We are still predicting an interest rate rise in September, but this will require further evidence that labour market tightness is generating higher wage growth", said ...