Barclays bank ahead of schedule in recovery plan

Barclays bank ahead of schedule in recovery plan

The outcomes denote the end of CEO Jes Staley's first year in control in which he rejected the calls to shrink the venture bank, but rather opted to accelerate business deals and sell-down the company's African business. Credit impairment charges rose to £2.3bn from £1.6bn following a change in the mix of its United Kingdom and U.S. cards portfolio, resulting in an 11 basis point (bps) increase in the loan loss rate to 53bps. Read More

Fiscal uncertainty hangs over how 'soon' Fed will raise rates

Fiscal uncertainty hangs over how 'soon' Fed will raise rates

Since then, the economy has recovered but all too gradually, with unemployment falling to a historically low 4.8% recently. But not everyone thinks "fairly soon" means a March move. US central bankers left the target range for their benchmark lending rate unchanged at 0.5 percent to 0.75 percent at the conclusion of the meeting. Read More

Flybe plane crashes at Schiphol Airport amid high winds

Flybe plane crashes at Schiphol Airport amid high winds

At Amsterdam's busy airport, video images of the Flybe plane carrying 59 passengers and crew from Edinburgh showed the plane struggling to stay on course as it came in to land at Schiphol airport, with The Netherlands buffeted by the strong winter storm. Read More

Airline Norwegian announces new Edinburgh to USA routes

Norwegian's latest transatlantic offering is not only great news for the traveling public, but also for the local U.S, Irish and United Kingdom economies as we will bring more tourists that will increase spending, supporting thousands of local jobs. Read More

Mnuchin Committed To Significant Tax Reform By August Recess

It will be very significant. Mnuchin said the administration is "primarily focused on a middle income tax cut and a simplification for business". "We will make sure that when they are restructured, they are absolutely safe and don't get taken over again". Read More

LLC Takes Position in Home Depot, Inc. (The) (HD)

The company had revenue of $23154.00 million for the quarter, compared to analysts expectations of $23049.85 million. Meanwhile, sales of existing homes hit their highest level since 2006 previous year, and new home sales rose to their best mark since 2007. Read More

Silver Prices Reach Three-Month Highs as US Dollar Retreats

Silver Prices Reach Three-Month Highs as US Dollar Retreats

Investors are eyeing a batch of US economic data due out later on Wednesday, including consumer price index (CPI) and retail sales, for any fresh catalysts. In a tense hearing on Wednesday before the House of Representatives' financial services committee, Republicans made clear they will keep pressing the Fed to trim its large holdings of bonds and set interest rates based on established mathematical rules. Read More

'We are going to fight for jobs,' Trump tells SC crowd

Asked about his battle with Boeing about the price of the presidential aircraft Air Force One, Mr Trump said the price was "still too high" but that he was negotiating with the aircraft maker. "I love it." he said, adding, "This was a place that was going to be tough to win and we won in a landslide". Ironically, Boeing Dreamliner, which Trump declared a "great name", may be a case in point. Read More

After rebuff, Kraft Heinz still has its eye on Unilever

Unilever urged its shareholders to take no action and said that Kraft Heinz must either make a firm bid or walk away by 17 March under the United Kingdom takeover code. Kraft Heinz (KHC) soared to the top of the S&P 500 today after making a $143 billion bid for Unilever (UL). Kraft Heinz is now the fifth-largest food and drink conglomerate in the world after Kraft and Heinz merged in 2015. Read More

Oil dips over doubts high OPEC compliance with agreed cuts will last

Brent crude was up 17 cents to $56.14 a barrel. West Texas Intermediate for March delivery slipped 3 cents to $53.17 a barrel at 10:33 a.m. on the New York Mercantile Exchange. Other non-OPEC countries also agreed to cut production by 0.6 million barrels per day. OPEC and non-OPEC countries pledged to start implementing the deal from January 1, 2017 for six months, extendable for another six months. Read More

Wholesale inflation races to 5.25%

Consumer prices hit their highest level in two and a half years in January, with rising fuel costs pushing inflation higher. China's consumer inflation also increased more than expected to around three-year high, according to a data released on Tuesday. Read More

Mattis: US Could 'Moderate' NATO Support if Allies Don't Pay More

Mattis: US Could 'Moderate' NATO Support if Allies Don't Pay More

Latest U.S. deployments in the Baltics and Poland will also be high on the agenda, as will terrorism. "We will buttress this alliance and defend ourselves, even as we watch for a Russia that lives up to its commitments in the NATO-Russia Founding Act", Mattis said. Read More

Verizon has lowered its Yahoo acquisition offer by $250 million, say reports

Both companies say the revised takeover deal will include a provision that Verizon and Yahoo! share the liability for the legal fallout in the case. Sources have reported that the Verizon could restructure the deal so that it would have to shell out around $250 million to $350 million less than the initially agreed price of $4.83 billion. Read More

Yellen: March rate hike is on the table

Yellen: March rate hike is on the table

The US dollar jumped in value as Federal Reserve chair Janet Yellen told Congress a delay in raising interest rates could be "unwise" if the US economy continues to perform well, despite uncertainty around the outlook. She was scheduled to give a similar semi-annual testimony Wednesday before the House Financial Services Committee. Dallas Fed President Robert Kaplan yesterday said the USA central bank should act soon to raise rates, or risk having to abandon its plan to do so slowly. Read More

Credit Suisse reports 4Q loss

The bank reported a net loss of 2.438 billion Swiss francs for the whole of 2016, versus a 2.944 billion Swiss franc loss in 2015. Swiss banking giant Credit Suisse is still in the red, heaping pressure on chief executive Tidjane Thiam to execute his turnaround plan. Read More

Restaurant Brands International Inc (QSR) PT Raised to C$62.00

Restaurant Brands International Inc (QSR) PT Raised to C$62.00

Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. That being said, strong returns, an aggressive and, to date, successful expansion plan, and an increasing dividend all make Restaurant Brands a likely candidate for nearly any portfolio. Read More

Molson Coors Brewing Company

The companys revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.40 EPS. and worldwide copyright and trademark laws. May 03, 2016: Molson Coors Brewing Company reported Q1 earnings of $1.39, beating consensus estimates of $0.56. Read More

Janet Yellen Talks Up Growth and Interest Rates to Congress

Janet Yellen Talks Up Growth and Interest Rates to Congress

Yellen did not say if Fed policymakers expected the economy would warrant three interest rate increases this year, as they last signaled in December. "The market is pricing in good times ahead but the question is whether the administration is going to be able to deliver on the promises made", said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey. Read More

Melissa McCarthy Lampoons 'New' Sean Spicer on SNL: Hilarious!

And this is the new Spicey". "I want one day without a CNN alert that scares the hell out of me! Way too many pieces in there". McCarthy's Spicer also explained " extreme vetting " with help of Barbie and Moana dolls. Kate McKinnon also briefly appeared during the skit as newly-minted Attorney General Jeff Sessions, who took considerable criticism for his alleged racist views. Read More

Burger King And Popeyes Could Soon Be The Same Delicious Company

Restaurant Brands International Inc . says its net income for the 12 months ended December 31 was $345.6 million United States, or $1.45 per share, including $118.4 million or 50 cents per share in the fourth quarter. Restaurant Brands International reported earnings attributable to common shareholders of US$118.4 million for the period ended December 31, or US50 cents per share, compared with US$51.7 million (US25 cents) in the same period a year ago. Read More