Markets
New Zealand central bank holds key rate steady at 1.75pc
The bank projected Thursday that inflation will slow to 1.1 percent in the first quarter of 2018, and said a premature monetary tightening could undermine growth. A slightly more hawkish tone was expected from the RBNZ given that there have been some upbeat economic data and signs that inflation was picking up in the New Zealand economy. [Full Article...]
Donald Trump to launch panel to investigate voter fraud
In response to reports that Donald Trump will launch an election commission created to pursue unsubstantiated claims of widespread voter fraud in the United States, Diallo Brooks, Director of Outreach and Public Engagement at People For the American Way issued the following statement . [Full Article...]
Trump may release tax returns, when 'out of office'
The more liberal Tax Policy Center sees the national debt rising by $20.7 trillion - that is, more than doubling - over 20 years. Mr Trump: Yeah, what you have to do is you have to put something in before you can get something out . Trump asked. " Because I haven't heard it ". I mean, I just ... "It's what you have to do". Priming the pump? Yeah, have you heard it? The US President was d... [Full Article...]
UK's Labour Party stung by early leak of election platform
Earlier this week, United Kingdom media reported that the ruling Conservative Party, unlike Labour, was likely to maintain its "tens of thousands" immigration target in the new manifesto. A separate source denied the leak had come from party headquarters and insisted no one there had the manifesto. This is according to a draft of the party's election manifesto which has been leaked. [Full Article...]
Trump to make decision on Paris climate pact after G7 summit
Sales at the retailer's flagship store, which is next door to Trump Tower, have fallen since Trump's election due to traffic disruptions caused by the heavy security surrounding the building. Meanwhile, Trump aides are openly airing their differences on the issue and a final decision on the USA stance is expected soon. Trump's son-in-law, Jared Kushner , meanwhile, has adopted a more neutral ... [Full Article...]
Stock inside Traders Spotlight: Chesapeake Energy Corporation's (CHK)
Chesapeake Energy has a one year low of $3.56 and a one year high of $8.20. 39320322 shares were traded on Chesapeake Energy Corporation's last session. Here we discussed Analysts views what they told about Chesapeake Energy Corporation (CHK ) stock 3 Months Ago. Southeastern Asset Management Tn invested 3.37% of its portfolio in Chesapeake Energy Corporation (NYSE: CHK ). [Full Article...]
Vitol exec warns Opec it needs to maintain supply cuts
USA oil production is 9.3 million barrels per day, up nearly 10 percent since mid-2016. Production rose, however, and gasoline demand over the last four weeks was 2.5 percent lower than at the same time period a year ago. Russian Federation has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up price... [Full Article...]
Budget 2017: The Politics Of Picking A Fight With The Banks
Morrison outlined plans to deliver A$75 billion in infrastructure funding and financing over the next years as the base of Australia's next growth wave. Instead, Mr Morrison said, the banks should be mindful of their $30 billion annual profits and absorb the cost of the new levy - just as small businesses and families do with their rising costs. [Full Article...]