Business

China increases military budget but defies pressure to match U.S. spending

The 7 per cent rise - if there were no changes - would be the smallest since 2010 and marks the second year in a row that the country will not increase its military spending by a double-digit percentage. defense budget. But Fu dismissed such concerns. Although there are concerns about China's increasing military strength, especially in light of growing tension in the South China Sea region, Fu rightly said that the United States military was still vastly superior to that of China.

Business

PSA Group deal for Opel almost done

A PSA spokeswoman declined to comment on the announcement. The two carmakers, which already share some production in an existing European alliance, confirmed last month they were negotiating an outright acquisition of Opel and its British Vauxhall brand by Paris-based PSA, sparking widespread concern over possible job cuts.

Business

May Slams SNP in Bid to Keep Scotland in UK After Brexit

The latest clash between May and Sturgeon comes as the first minister is expected to announce plans for a second independence referendum when the PM triggers Article 50, starting the UK's exit negotiations with the European Union later this month.

Business

Bitcoin value tops gold for the first time

The value of a Bitcoin unit has surpassed the value of an ounce of gold for the first time since the cryptocurrency appeared in 2009. A number of factors have been driving the convergence of the two commodities. On January 11, the People's Bank of China announced that it had sent inspection teams to the country's top three bitcoin trading platforms to scrutinise their operations after witnessing a market crash.

Business

Costco Wholesale Corporation To Raise Membership Fees As Q2 Profit Misses

Penney (JCP), to name a few. In addition to Northcoast Research reporting its stock price target, a total of 21 brokers have issued a report on the company. The Company showed a positive 2.00% in the net profit margin. Credit Suisse lowered its 2017 and 2018 EPS estimates to $5.66 (from $5.97) and $6.32 (from $6.57), respectively.

Business

Crude Oil Prices Recover after a Recent Plunge, Upside is Limited

Oil prices fell on March 2 after USA crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply. WTI crude settled at $54.01 on Tuesday. May Brent was trading 10 cents higher day on day at $56.41/b, but had also been higher before the release of the data, reaching $57.05/b.