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By Steve Holland and Valerie Volcovici | WASHINGTON WASHINGTON U.S. President Donald Trump signed two executive orders on Tuesday to move forward with construction of the controversial Keystone XL and Dakota Access oil pipelines, rolling back key Obama administration environmental policies in favor of expanding energy infrastructure. While oil producers in Canada and North Dakota are expected to benefit from a quicker route for crude oil to […]

Johnson & Johnson, the world’s largest healthcare company, blamed a stronger dollar as it forecast that 2017 profits and sales would fall below Wall Street expectations, sending the group’s shares down by more than 2 per cent. Dominic Caruso, chief financial officer, said it appeared that many Wall Street analysts had not updated their models to account “for the negative impacts of currency movement” as J&J became […]

While not much is known about the animals living around coral reefs, ex-Marine turned researcher Harry Conley would often take to the island of Guam, and dig deep into the rubble to find fascinating critters as if by magic learnt at Hogwarts. Years after his discoveries and his death, a secret is revealed — a new species and genus of crab, Harryplax severus. Source

SYDNEY The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favored safe-haven Treasuries and the Japanese yen while leaving equities mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo’s Nikkei slipped 0.3 percent. Sentiment […]

Three of the world’s largest textbook publishers have subpoenaed Amazon to reveal the names and financial accounts of online vendors who allegedly sell counterfeit books at “too good to be true” prices. Pearson Education, Cengage Learning and McGraw Hill Education are suing 100 unnamed Amazon marketplace sellers for copyright infringement. In a complaint filed in New York federal court earlier this month, the publishers accused the sellers […]

Generali, Italy’s largest insurer, has bought voting rights amounting to 3.01 per cent in Intesa Sanpaolo in a defensive move designed to block a mooted takeover bid by the country’s largest bank. The move came after shares in the insurer rose nearly 4 per cent on Monday following a report in Turin-based newspaper La Stampa suggesting Intesa was considering a takeover bid in tandem with Germany’s Allianz. […]

Doha Bank, Qatar’s fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to Reuters calculations, missing analyst expectations. The bank earned a net profit of 35 million riyals ($9.61 million) in the three months to Dec. 31 against 231.4 million riyals in the same period of the previous year, Reuters calculations showed, using financial statements in lieu of a quarterly […]

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newslide If you wondered where Hollywood’s A-list celebrities had gone during President Donald Trump’s inauguration, you didn’t have to wonder any longer on Saturday, when scores of them showed up at huge women’s marches in Washington and other cities to send the new president a pointed message that he was in for a fight – and that, as so many signs said, women’s rights are human rights. […]

By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]

The world’s largest pension fund, Japan’s GPIF, is under intensifying pressure to draw a “line in the sand” on corporate governance standards in the country as other investors rail against a controversial takeover deal. The imbroglio centres around Panasonic’s proposed purchase of PanaHome. Investors say it represents one of the sternest tests to date of Japan’s stewardship and governance codes, guidelines introduced in 2014 as part of the “Abenomics” drive to […]

Like most everything else in the computer world, NAS (or network-attached storage) appliances have been going through quite a bit of change. In this article, we’ll take a first look at what I’m calling a super-NAS, a device from the Taiwan-based Synology, Inc. Video, first look: Unboxing the Synology DS916+ super-NAS The most common use of a NAS is as a file server. Back when PCs ruled […]

When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected […]

By Nandita Bose and Siddharth Cavale | CHICAGO CHICAGO U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis of two important indicators of retail profitability, gross margins and operating margins, shows retailers like Kohl’s Corp (KSS.N), JC Penney Co Inc (JCP.N), Macy’s Inc (M.N) and Target […]

If you thought Facebook founder and CEO Mark Zuckerberg has an innately charming persona — simply by looking at his posts on Facebook — then you might be surprised to know that there’s a science behind that appeal. Yes, even the founder of the most popular social networking site needs professional help in keeping his Facebook profile squeaky clean. Zuckerberg is making sure his social media presence is […]

But not everywhere. Pockets of celebration broke out here and there, in places where Mr. Trump’s nationalist message matched local stirrings, and his promise of friendlier relations with President Vladimir V. Putin of Russia and a harsher approach to Islamic terrorism were eagerly embraced. Photo A participant at the European Trump Society event reading “The Trump Doctrine” by Borislav Cekov, a founder of the group. Credit Boryana […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]

Apple has filed a $1bn lawsuit against Qualcomm accusing the chipmaker of abusing a monopoly position, after the US and South Korean regulators argued it exploited its market dominance at the expense of handset makers. Shares in Qualcomm fell 2.4 per cent to $62.88 just before the markets closed on Friday when the lawsuit was published. This is the first direct challenge by one of Qualcomm’s major […]

Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]

By Diane Bartz and Stephen Nellis Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two […]

The U.S. Federal Trade Commission is not satisfied with Walgreens Boots Alliance Inc’s (WBA.O) plan to divest stores to win antitrust clearance for its acquisition of Rite Aid Corp (RAD.N), Bloomberg reported, citing people familiar with the matter. The FTC isn’t convinced that Walgreen’s proposal to sell 865 drugstores to Fred’s Inc (FRED.O) would do enough to preserve competition that would be lost in the $9.4 billion […]

The Samsung Galaxy J7 smartphone (2017) model – believed to be the successor of the Galaxy J7 (2016) – is in the news again. Close on the heels of the alleged mobile case for the smartphone leaking online on Amazon, the handset has received the green signal from the Federal Communications Commission (FCC). The latest news comes courtesy priceraja.com, which reveals that the Samsugn smartphone has received […]

“Comeback is a good word, man,” noted the actor Mickey Rourke, after portraying a washed-up wrestler led to a career renaissance. Could 2017 be the year when stockpickers can say the same thing? The post-financial crisis environment has been unkind to active investing, especially in equities, with most portfolio managers unable to beat their benchmarks even before costs. That has accelerated the seismic investor shift towards cheap, […]

Lawmakers, government officials, and aid workers are bracing themselves for a broad offensive from President-elect Donald Trump against federal programs that support family planning and gender equality around the world. As one of his first acts in the Oval Office, the Republican president-elect plans to restore the “Mexico City policy” as soon as Sunday, a congressional staffer told Foreign Policy. Also known as the “global gag rule,” […]

Etihad Airways is not looking to take a stake in German carrier Lufthansa, a spokesman said on Wednesday, denying a report in an Italian newspaper that sent Lufthansa’s shares higher on Tuesday. “We can confirm that are not looking to take a financial stake in Lufthansa,” the spokesman said, after the Wall Street Journal quoted Etihad Aviation Group CEO James Hogan as saying he was interested in […]

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