Business

Business Big four bank levy estimates 'fall short'
Author: 0 Big four bank levy estimates 'fall short'

Later in the day, Commonwealth Bank released its estimates, saying the levy would amount to approximately $315m per annum, $220m after tax, based on the group's current financial position. "This new tax is bad public policy - an inefficient tax - that targets just five companies who are already among the largest taxpayers in Australia", Westpac said.

Author: 0 Australian banks lick wounds after tax hit

Australian Treasurer Scott Morrison has unveiled a new budget which includes a surprise rise in taxation for the country's five biggest banks from July. Banking sector sources say that Treasury Secretary John Fraser would contact banking chiefs at 6.30pm, before Treasurer Scott Morrison's speech. Morrison cast the budget as based on the principles of "fairness, security, and opportunity".

Business Hillary Step: Mount Everest rock face named after climber collapses
Author: 0 Hillary Step: Mount Everest rock face named after climber collapses

Mountaineers confirmed on Sunday that the notorious Hillary Step on Mount Everest has collapsed, possibly during the natural disaster in Nepal in 2015. Mountaineers claim the snow-covered slope will be much easier to climb than the notorious rock-face, but have warned that it could create a bottleneck.

Author: 0 Top Meat Company Says Temer Received Bribes Since 2010

During her impeachment trial, Rousseff said that her removal was the price she paid for refusing to quash the Car Wash probe, saying that corrupt politicians conspired to oust her to derail the investigations. The Supreme Court usually takes more than a year to come up with its findings in such probes into wrongdoing by politicians, and Temer would likely survive to the end of the term.

Business Clarity needed over lenders intentions on Greek debt-Greek FinMin says
Author: 0 Clarity needed over lenders intentions on Greek debt-Greek FinMin says

Ministers from the 19-member single currency bloc sought agreement at talks in Brussels after Greek lawmakers last week fulfilled the eurozone's latest demands for painful austerity measures. Macron told Tsipras he was in favour of "finding a deal soon to alleviate the weight of Greece's debt over time", a statement from the presidency said.

Business Angry Birds 2 to fly into theaters in 2019
Author: 0 Angry Birds 2 to fly into theaters in 2019

The puzzle-like bird-launching game became a phenomenon not longer after its 2009 debut, spawning numerous sequels and spinoffs, merchandise and the first Angry Birds movie, which was in theaters last summer. That isn't to say Angry Birds wasn't a good time, it just lacked that final depth that we've come to expect from good movies. Last year's feature film adaptation was a solid box office success, grossing over $300 worldwide.

Author: 0 Supreme Court strikes down 2 NC congressional districts

As a result, the voting rights space will be quite busy for the foreseeable future. African-American and Democratic critics accused Republicans of drawing districts to contain more African Americans than necessary to keep surrounding districts more white and more Republican.

Author: 0 Oil rises on expectation of extended, possibly deepened output cut

Elsewhere, on the ICE Futures Exchange in London, Brent oil for July delivery were last quoted at $53.88 a barrel. Such talk of more-aggressive moves have helped lift crude prices, with US oil topping $50 a barrel again after rising 5% in the past week.

Business Bitcoin blows past $2100 for the first time
Author: 0 Bitcoin blows past $2100 for the first time

Amid the overall growth of digital currencies, bitcoin's share of the cryptocurrency market is reducing. Bitcoin's value has risen as a result of increased demand in China , despite a crackdown by the government, which claimed the currency is being used to take money out of the country.

Author: 0 India's ties with Africa have been strong for centuries, says PM

India-Africa partnership provides limitless opportunities. The AfDB's annual meeting will see African bankers discuss increased engagement with India on various economic and financial front, apart from others. PM Narendra Modi speaking at the African Development Bank meeting in Gujarat. The annual meetings are the largest event of the bank, which would witness the gathering of about 3,000 delegates from 81 member-countries from across the world at the Mahatma Mandir convention centre here ...

Author: 0 EU official says decision on Greek bailout soon

Greece's finance minister, Euclid Tsakalotos, said: "Greece has done its bit, most would say more than its bit". Eurozone finance ministers remained cautious over an agreement on debt relief measures for Greece as they arrived in Brussels for talks on the country's €86 billion bailout program.

Author: 0 Asia Pacific ministers meet seeking to finalize trade pact

They also underlined their vision for the TPP to expand to include other economies, saying such efforts would address concerns about protectionism , contribute to maintaining open markets, strengthening the rules-based global trading system, increasing world trade and raising living standards.

Business Adani defers Australian coal project investment decision
Author: 0 Adani defers Australian coal project investment decision

Queensland Labor must set aside a factional fight over mining royalties, as it braces for a busy week in state parliament. In response, Adani won't make a decision on the final funding of the $21 billion project in the Galilee Basin at a company meeting next Monday.

Business Oil prices rise in Asia in expectation of Aramco supply cut
Author: 0 Oil prices rise in Asia in expectation of Aramco supply cut

Brent crude jumped back above US$50 on the news and stayed there, buoyed by the ministers' comments, while WTI, which last Friday slipped below US$45 a barrel, regained some ground, settling yesterday at US$47.91 a barrel. Investing.com offers an extensive set of professional tools for the financial markets. It raised its estimate of total oil supply growth from non-Opec producers this year to 950 000 bpd from a previous forecast of 580 000 bpd.

Business USA judges focus on discrimination, Trump's powers on travel ban case
Author: 0 USA judges focus on discrimination, Trump's powers on travel ban case

Fourteen states - including Alabama, Arizona and Montana - and Mississippi's governor also urged the 9th Circuit to permit enforcement of Trump's directive. More than a dozen states have joined Hawaii in challenging the ban, as have a number of companies and advocacy groups. But a law subsequently passed by Congress bans discrimination on the basis of nationality when it comes to issuing immigrant visas.

Business Southern California beach closed again due to sharks
Author: 0 Southern California beach closed again due to sharks

The closure began soon after 10:30 a.m., when a fisherman spotted a shark near the end of the San Clemente Pier, said Nicolas Giugni, one of the coastal city's marine safety officers. "That leads me to believe they were fishing for sharks". The sharks could be seen from an Orange County Sheriff's helicopter. "They couldn't do that with normal fishing gear", he said.

Business France's Macron holds 1st Cabinet meeting; half are women
Author: 0 France's Macron holds 1st Cabinet meeting; half are women

The 69-year-old from northwest Brittany, who backed former cabinet colleague Macron for president, is one of only two ministers to be kept on - a reward for his support which helped paper over Macron's lack of worldwide experience. The French president on Tuesday hosted UN Secretary General António Guterres, the first foreign dignitary to visit since he took office on Sunday. Macron, who ran a staunchly pro-European campaign, kept with tradition by visiting German Chancellor Angela Merkel on ...

Business Swiss to vote on gradual nuclear phaseout, energy makeover
Author: 0 Swiss to vote on gradual nuclear phaseout, energy makeover

The government's energy strategy is supported by the Swiss parliament, with the exception of the country's largest political party, the right-wing populist Swiss People's Party (SVP), which called for Sunday's referendum. While the majority favored the government's pro-renewables stance, those living close to the five nuclear reactors - with the most to lose on the nuclear shutdown - clearly rejected the reform through the vote results .

Business Saudi Arabia pledges $20 billion to firm for US infrastructure
Author: 0 Saudi Arabia pledges $20 billion to firm for US infrastructure

Oaktree Capital Group LLC is marketing two infrastructure funds, one focused on USA transportation and another for North American energy, the firm said last month. alone of up to US$2trn - some 100 times the size of the PIF's commitment through the MOU. Klein and Company advised PIF on the creation of this strategic partnership with Blackstone .

Business Most Recent Analysts Ratings Barrick Gold Corporation (ABX)
Author: 0 Most Recent Analysts Ratings Barrick Gold Corporation (ABX)

Also, the current price highlights a discount of 68.63% to analysts' high consensus price target. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.22 billion. Candriam Luxembourg S.C.A. boosted its position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 18.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Business This Harvard Student Submitted a Rap Album as His Thesis
Author: 0 This Harvard Student Submitted a Rap Album as His Thesis

Speaking with Independent, the 20-year-old said that he did not think that Harvard will accept his rap album as his final thesis, while adding that it was his mother who first sparked the idea. "I'm still not satisfied with the quality of the production just yet, but I'm constantly learning and growing", Shaw said of his album. " He was able to turn around an album that people in the English Department would like very much but also that people who like rap music might like", he said.

Business Cassie Sainsbury was a sex worker
Author: 0 Cassie Sainsbury was a sex worker

Her uncle denied he was responsible for flying Ms Sainsbury to Colombia, where she was caught with 5.8kg of cocaine in her suitcase at El Dorado International Airport on April 11. I mean, I've done a lot of research and, you know, nothing has come up. Evans and Sainsbury's sister Khala, who travelled to Bogota at the network's expense, claim Sainsbury doesn't fully understand her predicament.

Author: 0 'Kapil Mishra's attacker not linked to BJYM, likely to be AAP activist'

Mr Modi's party rejected these allegations, and asked Mr Kejriwal to respond to Mr Mishra's claims. "Today I am preparing to fight against my mentor.God is with me", he wrote in his letter today. He also showed a letter in which Mishra alleges ACB was trying to frame Kejriwal. Hitting out at Mishra over his allegations of corruption against Kejriwal, Singh claimed Mishra had himself written a letter to the ACB in September a year ago, saying that the anti-graft body was trying to implicate ...

Business Black Congressman Who Wants To Impeach Trump Now Receiving Lynching Threats
Author: 0 Black Congressman Who Wants To Impeach Trump Now Receiving Lynching Threats

Secretary of Health and Human Services, and Vice President Mike Pence on. Only two Presidents in history have been impeached - Andrew Johnson and Bill Clinton. Congressional Black Caucus chairman Rep. Cedric Richmond is joining the chorus of many who say Republicans, who are still standing by the president, must confront the possibility that Trump has participated in wrongdoing.

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