Business

Russia-China Trade Turnover Up 34% in January 2017

In US dollar terms, exports rose 7.9 percent, higher than market expectations of 3.3 percent, according to a Reuters poll. China's import from Russian Federation surged 39.3% to $3.1 bln. Overall, with the value of exports outpacing imports, the trade surplus expanded by 25 per cent to $US51.4 billion, a handy infusion of cash given ongoing concerns about falling foreign exchange reserves.

Business

'World's heaviest woman' at 78st to have life-saving weight loss surgery

Eman's medical visa to travel to Mumbai was initially denied, so her family contacted Dr. Lakdawala in October previous year to help them and take the case. Doctors flew to Egypt 10 days before Ahmed's flight to prepare. She is at a high-risk for a pulmonary embolism, a condition in which the arteries of the lungs become blocked due to a blood clot.

Business

Sears' losses are piling up but the stock is exploding higher

Lampert, 54, also plans to slash debt and pension obligations by $1.5 billion. In a bid to survive, Sears is taking a sledgehammer to its costs. Ever-optimistic investors plowed into shares of Sears Holdings on Friday, pushing the shares up 28 percent in early afternoon trading, to $711.

Business

Fed board member Daniel Tarullo announces resignation

Trump is widely expected to appoint someone to the now vacant post of Federal Reserve vice chairman in charge of bank oversight, a position left open during the Obama administration. He "made invaluable contributions across the entire range of the Fed's responsibilities", Yellen said in a statement . Tarullo essentially filled that role, but would have likely found his powers and influence curtailed by a Trump-appointee.

Business

Earnings Whispers: Cliffs Natural Resources (CLF) & CVS Health Corp (CVS)

The company now has an average rating of "Hold" and a consensus target price of $7.81. These analysts and investment firms use various valuation methods to decide a price target for a stock. A month ago, they told us to expect earnings of US$-0.05 per share while three months ago their EPS consensus estimate was US$-0.03. The Closing price before the company posted its earnings was $6.2.

Business

USA crude oil inventories surged by over 13 million barrels last week

Since the USA lifted restrictions on exporting crude a year ago, oil sales overseas have taken on a sluggish and uneven start, but in September last year they touched their highest level ever at 692,000 bpd, data by the Energy Information Administration ( EIA ) show.


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