Markets

Poundworld expected to go into administration in next few hours

Joint administrator Clare Boardman said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". Grainger Games on Eagles Meadow closed earlier this year due to entering administration. She said the business was hit by falling footfall, alongside rising costs and weak consumer conf... [Full Article...]

Kim summit: Twitter releases dedicated emoji to mark historic meet

Kim summit: Twitter releases dedicated emoji to mark historic meet Outside the Istana, the presidential palace where Trump met Singaporean Prime Minister Lee Hsien Loong , well-wishers displayed American flags and a boy held up a sign reading: "I love President Trump! ". Similar scenes were seen on Sunday when Kim and Trump arrived in the city, and when Kim went to meet Lee. Yellow barricades line the roads on Sentosa island. [Full Article...]

Merkel: G-7 summit with Trump was a 'sobering' experience

Nevertheless, Saturday's events only reinforced the chancellor's commitment to forging a stronger, more unified European Union. Does anybody believe that makes sense? "We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade". [Full Article...]

$106 Student Rush Tickets to the Tony Awards Will Be Available

$106 Student Rush Tickets to the Tony Awards Will Be Available The Tony for best revival of a musical - a category that generated suspense - was won by the musical " Once On This Island ", beating out the beefier Lincoln Center revival of " My Fair Lady " and the Broadway revival of " Carousel ", which may have split the vote for classic musicals. [Full Article...]

3100 pounds of frozen Tyson chicken recalled over plastic contamination

3100 pounds of frozen Tyson chicken recalled over plastic contamination The chicken was produced on May 17. According to ABC News, The U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced Friday the chicken may be contaminated by pieces of "blue and clear soft plastic". Anyone concerned about an injury or illness should contact a healthcare provider. Federal officials are concerned that some product may be frozen and in freezers at ... [Full Article...]

Petrol, diesel prices cut for 11th consecutive day

Petrol, diesel prices cut for 11th consecutive day This is the 11th reduction in rates coming after 16 days of relentless price hikes that followed lifting of a almost three-week hiatus on price revision just before Karnataka went to polls. Price of petrol continues to be the highest in Mumbai . Delhi has the cheapest price among all metros and most state capitals. It costs Rs 66.71 per litre. [Full Article...]

Airbnb cancels bookings for unregistered hosts

Airbnb cancels bookings for unregistered hosts In a written statement by Airbnb released Friday morning, the company confirmed that thousands of hosts had already updated their listings with the necessary registration information, but "many more" were still in the process of finalizing their registrations. [Full Article...]

Donald Trump Withdraws Endorsement Of G7 Joint Statement

Donald Trump Withdraws Endorsement Of G7 Joint Statement Trudeau told reporters that he had spoken of retaliatory measures that Canada would take next month in response to Trump's decision to slap tariffs on steel and aluminium imports. The president said that the level of the relationship with the G7 leaders "is a 10". The US president has made it clear he believes the removal of tariffs against his G7 allies should come at a price - and he do... [Full Article...]

Iran says OPEC won't follow United States instructions on oil output hike

Iran says OPEC won't follow United States instructions on oil output hike The countries are now the two key oil supply concerns globally that supported the oil price rally in recent weeks, before Saudi Arabia and Russian Federation hinted at discussions that they were considering reversing some of the cuts to offset production losses and " ease market and consumer anxiety ". [Full Article...]

Tyson recalls frozen chicken over possible plastic contamination

Tyson recalls frozen chicken over possible plastic contamination The chicken was reportedly sold in 3-pound plastic bags of uncooked, breaded, original, chicken tenderloins. Food service institutions who have purchased the recalled product are advised to not serve the chicken. Food service institutions that have purchased these products are urged to throw the products away and not serve them. Last year, Tyson recalled about 2.5 million pounds of ready-to-... [Full Article...]

Kia recalls 500,000 vehicles

Kia recalls 500,000 vehicles The company said it does not yet have a fix, but is working with its supplier on the issue. Kia said in a government report that an air bag control computer could short circuit and prevent the air bag from deploying properly. The safety agency said at the time it had reports of six front-end crashes with significant damage to the cars. In a statement Friday, ZF-TRW said the air bag control u... [Full Article...]

FDI in India rises to $61.96 bn in 2017-18: GoI

FDI in India rises to $61.96 bn in 2017-18: GoI The Developing Asia regained its position as the world largest recipient of FDI in 2017, as its share in global inflows rose from 25 percent in 2016 to 33 percent in 2017. The economies of Saudi and the UAE represent a GDP of $1trn dollars, with combined exports ranking fourth globally and amount to $750 bn, plus $40.9bn annually invested in infrastructure projects, which generates huge opportunit... [Full Article...]

Two Vancouver Island tickets share Max Millions

Two Vancouver Island tickets share Max Millions All was not lost for Vancouver Island players, however, particularly those who bought tickets in Ladysmith or Victoria. In total, 27 of them were won - to be shared by the holders of 37 winning tickets sold across the country. - 7 Maxmillions prizes, worth $500,000 each, were sold in Bowmanville, the Burlington area, Markham, Toronto, the Toronto area, the Thunder Bay area and the Welland area. [Full Article...]

Argentina strikes $50 billion financing deal with IMF

Argentina strikes $50 billion financing deal with IMF But the assistance was requested after the peso currency weakened sharply last month in an investor exodus from emerging markets. Argentina's peso has tanked by a quarter against the U.S. The South American country will be expected to pay back the loan, at an of 1.96-4.96 per cent, in eight quarterly instalments, with a granted three years of grace. [Full Article...]

Northeast BC unemployment jumps to 7.9% in May

In the latest report, the jobless rate fell three-tenths to 3.9 per cent in the capital, compared to 4.2 per cent in April. But Statistics Canada says, overall, the economy lost 75-hundred jobs last month as full-time positions fell by 31-thousand and the loss was only partially offset by gains in part-time work. [Full Article...]

United Kingdom regulator accused of cutting governance standards in listing rules

United Kingdom regulator accused of cutting governance standards in listing rules Andrew Bailey, FCA chief executive, said: " These rules mean when a sovereign controlled company lists here, investors can benefit from the protections offered by a premium listing ". A premium listing in London would usually demand a float of at least 25 percent of a company's shares, but the new category could support small floats according to the FCA. [Full Article...]

Trump pulls out of joint G-7 statement, attacks Trudeau

Trump pulls out of joint G-7 statement, attacks Trudeau Prime Minister Justin Trudeau did not wait for the us president to kick off the meeting in La Malbaie , Quebec . He said that other countries were imposing "massive tariffs " on the US. While the final communique, apparently with just the G6 signing on, committed that Iran will "never seek, develop or acquire a nuclear weapon", there appeared to be little to close the gap between the Un... [Full Article...]

'THIS IS BIG': N.J. man claims US$315 million Powerball jackpot

'THIS IS BIG': N.J. man claims US$315 million Powerball jackpot It wasn't known Thursday if the victor had made a decision to claim the lump sum or take their winnings over time. "I like the numbers and I always play with those numbers", he said. "Oh my God. Oh my God,"' he said, adding his heart was beating out of his chest "just like a 'Tom and Jerry" cartoon". He's retired from the job and plans to spend the money to pay off his house and put his two chil... [Full Article...]

Venezuela close to declaring force majeure on crude exports

Venezuela close to declaring force majeure on crude exports Still, at the back of investor's minds is the thought that prices may lack support if the supply tap is turned back on to full by the end of the year. For us, there remains the same strategy that we've been following, only now it should become more aggressive: To accumulate cash by jettisoning under-performing Permian shale producers and centering back into those more mature EFS and Bakken E+P's t... [Full Article...]

BT Group boss Gavin Patterson to step down

BT Group boss Gavin Patterson to step down Jan Du Plessis, chairman, said the board was "fully supportive" of Patterson's strategy but added that the "borader reaction" to the recent results announcement demonstrated that there is a need of leadership to deliver the strategy. Patterson's exit also follows major restructuring at BT. However, it's been a different story over the last two years. Analysts at UBS said the fact that the board ... [Full Article...]


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