Business


How major United States stock market indexes fared on Friday

Despite the weak reports from retailers, first-quarter earnings for companies in the S&P 500 were on track for the best earnings growth since 2011, according to a report Friday from FactSet, a financial data company. HEALTHY GAIN: U.S. -listed shares of AstraZeneca jumped $2.90, or 9.3 per cent, to $34.03 after the company reported results from a trial of a lung-cancer treatment.



North Korea's detention of USA citizen 'concerning': White House

The North Korean delegation is reportedly led by Choe Son-hui, director-general of the North America bureau chief of the communist nation's foreign ministry. While the Trump administration has stressed numerous times that "all options are on the table" in dealing with Pyongyang, including military action, the idea of dialogue on the condition of the North's denuclearization appears to be gaining traction.



Banks tipped off to new tax: Hinch calls for investigation

It protects every Australian. Nevertheless, the budget plan to impose a tax levy on the Big Banks is a win for the people's outrage against the sector's overwhelming greed and super-exploitation of the community. "In addition", he said, "these reforms are directly counter to APRA's objective of making the banks unquestionably strong, as higher taxes reduce the banks' ability to generate capital that supports lending and stability in times of stress".



Kinzinger backs health care act as beginning of Obamacare repeal

Now the CBO says it may be another two weeks until we get that estimate. It also covers low-income children and pregnant women. It would cut millions of people off Medicaid and hand control over America's health care system back to the insurance industry.


U.S., China reach deals on access for beef, financial services

U.S., China reach deals on access for beef, financial services

The U.S. Department of Commerce on Thursday announced the first fruits of the Florida meeting last month between President Donald Trump and Chinese President Xi Jinping. The areas dealt with in the initial agreement represent export opportunities that American companies have long sought. China is the third largest LNG importer, behind Japan and South Korea, bringing in 26.06 million tonnes in 2016.


European Union slaps new anti-dumping duties on China steel products

European Union slaps new anti-dumping duties on China steel products

An official notification issued late on Thursday stated that the duties will be in effect for five years beginning August 8, 2016 (when provisional duties were put on these items). The latest duty on hot-rolled steel follows a recommendation from the Directorate General of Anti-Dumping and Allied Duties (DGAD), which has also suggested a similar step for some cold-rolled products.