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Bernadette Carreon – Fourth Estate Cooperative Contributor Islamabad, Pakistan (4E) – Chinese Premier Li Keqiang is in Pakistan where he presented a five-point proposal for further deepening friendship and cooperation with the country. The Chinese leader made the suggestions during talks with Pakistani President Asif Ali Zardari and Interim Prime Minister Mir Hazar Khan Khoso, [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Mexico City, Mexico (4E) – Mexico’s retail sales contracted for the second straight month in March, surprising analysts and increasing the likelihood that policy makers will make another rate cut this year. The National Statistics Institute (Inegi) reported on Wednesday that retail sales declined 2.4 percent in March [...]
By Angus Loten Startup America Partnership, a Washington D.C. nonprofit created two years ago by AOL Inc. co-founder Steve Case to jumpstart entrepreneurship, is joining forces with Startup Weekend, another nonprofit based in Seattle. The move, which is expected to be announced Thursday, is being described as a way for Startup America to extend its [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Target Corp. said its quarterly earnings declined by 29 percent, prompting it to lower its outlook because of weak sales in seasonal and weather-sensitive products. The company reported a profit of $ 498mn, or 77 cents per share for the quarter [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Mexico City, Mexico (4E) – Mexico’s retail sales contracted for the second straight month in March, surprising analysts and increasing the likelihood that policy makers will make another rate cut this year. The National Statistics Institute (Inegi) reported on Wednesday that retail sales declined 2.4 percent in March [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Mexico City, Mexico (4E) – Mexico’s retail sales contracted for the second straight month in March, surprising analysts and increasing the likelihood that policy makers will make another rate cut this year. The National Statistics Institute (Inegi) reported on Wednesday that retail sales declined 2.4 percent in March [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Mexico City, Mexico (4E) – Mexico’s retail sales contracted for the second straight month in March, surprising analysts and increasing the likelihood that policy makers will make another rate cut this year. The National Statistics Institute (Inegi) reported on Wednesday that retail sales declined 2.4 percent in March [...]
Bernadette Carreon – Fourth Estate Cooperative Contributor Manila, Philippines (4E) – President Benigno Aquino III is firm on his stand against proposals to change the economic provisions of the Constitution. Aquino told reporters he does not support the lifting of the foreign ownership restrictions of the Constitution. He cited the case of China, whose economy [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – U.S. officials have frozen bank accounts of the world’s biggest Bitcoin exchange following a statement from regulators months ago warning such entities should still follow to the same rules on anti-money laundering. The Department of Homeland Security seized an account Tuesday owned [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Athens, Greece (4E) – Fitch Ratings raised its sovereign credit rating for Greece by one notch, saying that the country has made progress in addressing its budget deficit and in rebalancing its economy, as the risk of a Greek exit from euro was reduced. The credit rating agency [...]
ProPublica Staff Atlanta, GA, United States (ProPublica) – by Paul Kiel One day late last year, Katrina Sutton stood at a gas pump outside Atlanta and swiped her debit card. Insufficient funds. But that couldn’t be. She’d been careful to wait until her $ 270 paycheck from Walmart had hit her account. The money wasn’t [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Mumbai, India (4E) – The Reserve Bank of India (RBI) tries to boost the sluggish economy by cutting interest rates, the third time it has made such move in 2013. The RBI announced in Mumbai on Friday that Reserve Bank Governor Duvvuri Subbarao cut the repurchase rate from [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Paris, France (4E) – International Energy Agency (IEA) said on Tuesday that oil production in North America will lead the growth in worldwide supply over the next several years, citing the advancement in production methods like fracking and other technologies that allow access to reserves that used to [...]
Fourth Estate Cooperative Staff Mexico City, Mexico (4E) – United States President Barack Obama Thursday reached Mexico on the first stop of his three-day trip to two-nation trip during which he will also visit Costa Rica to attend a summit with Central American leaders. Upon his arrival in Mexico, Mexican President Enrique Pena Nieto hosted [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Shanghai, China (4E) – Cnooc Ltd. set a record for the biggest bond offering by a Chinese company by selling $ 4bn of debt on Thursday, amid a debt boom in the Asia-Pacific region. Investors worldwide rushed in to bid for about $ 23.8bn of notes especially asset [...]
Windsor Genova – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Hackers supporting Syrian President Bashar al-Assad were behind the fake Associated Press tweet Tuesday that briefly sent U.S. stocks falling. The hackers calling themselves Syrian Electronic Army (SEA) took credit for hacking the news wire service’s Twitter account to send the [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Irvine, CA, United States (4E) – A closely followed private survey tracking U.S. foreclosure activity declined 23 per cent last month from a year ago, which means the number of U.S. properties with foreclosure filings fell to its lowest level in 74 months. In a report released today [...]
4E Sports Staff Miami, FL, United States (NewsBahn) – The Miami Dolphins long-term future in South Florida may be in jeopardy after the Florida Legislature rejected funding for the team’s home at Sun Life Stadium. Dolphins CEO Mike Dee had been hoping for the state to chip in on stadium improvements and said team management [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – U.S. existing home sales surprisingly fell last month, as inventories of homes for sale dropped sending home prices to their highest level not seen since 2005. The National Association of Realtors (NAR) said Monday that sales of previously owned homes fell 0.6 [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Beijing, China (4E) – The average home prices in 70 cities across China grew faster in February compared to the previous month, as sales sharply increased ahead of further property tightening rules and on expectations of continued jump in prices despite government controls. Prices of newly built-homes last [...]
Nathan Andrada – Fourth Estate Cooperative Contributor London, United Kingdom (4E) – Steelmaker giant Tata Steel said it wrote off $ 1.6bn of its assets based in Europe. The problem was related to the company’s acquisition of Corus. In 2007, the Indian company aggressively positioned itself in Europe, acquiring Corus in 6.2bn-pound deal, although it [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – ArcelorMittal said on Friday that it suffered a net loss in the first quarter, as the world’s biggest steelmaker continues to feel the impact of depressed demand for steel. The company reported a net loss of $ 345mn in the first [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Milwaukee, WI, United States (4E) – Caterpillar Inc. and its mining-equipment plant workers in South Milwaukee, Wis. failed to reach an agreement on the pay offered by the company as their contract ended on Tuesday. Members of the local United Steelworkers (USW) union said on Tuesday they voted [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Melbourne, Australia (4E) – BHP Billiton Ltd. has agreed to sell its Pinto Valley mine and railroad in Arizona to Capstone Mining Corp. in a deal worth $ 650mn in cash, marking the biggest acquisition by the company that also owns mines in Canada and Mexico. Amid falling [...]
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By Angel Krasimirov SOFIA (Reuters) – Bulgaria's largest party GERB declined on Thursday to try to form a new government, opening the way for the rival Socialists to put together a technocrat administration and end a political impasse. Seeking to break a deadlock that could undermine the European Union's poorest economy, President Rosen Plevneliev immediately [...]
By John O'Donnell BRUSSELS (Reuters) – Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said in a speech in Amsterdam [...]
The number of U.S. workers seeking new unemployment benefits fell last week by more than expected, another sign of slow improvement in the labor market. WSJ.com: Economy
Stocks dropped at the open, as global markets were roiled by uncertainty about when the U.S. Federal Reserve may start curtailing bond purchases and by an unexpected contraction in Chinese factory activity. NBCNews.com: Stocks & economy
