TUNIS, Nov 29- Qatar said it would provide $1.25 billion in aid to shore up Tunisia's post-revolution economy as regional and Western partners pledged extensive financial backing at an investment conference on Tuesday. The money from Qatar, announced by the emir, Sheikh Tamim bin Hamad al-Thani, is the biggest single offer of aid to Tunisia since a 2011 uprising...
Instead of the latest toy or gadget, some people are trying to give their loved ones more financial security this holiday season. "It's easy to do and you don't have to worry about a toy breaking, you don't have to worry about batteries and you don't have to worry about the latest trend," said Young Boozer, chairman of the College Savings Plans Network.
CHICAGO, Nov 29- U.S. soybean futures fell 1.1 percent on Tuesday, setting back from a 4-1/ 2 month high on a round of profit taking as well as pressure from falling crude oil prices. "There is some macro pressure here in the soy complex," said Terry Linn with Chicago brokerage Linn& Associates. At 10:42 a.m. CST, CBOT January soybean futures were down 11-3/ 4 cents at...
*OPEC meeting eyed, oil prices slip again. NEW YORK, Nov 29- The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting. said Marc Chandler, chief...
NEW YORK— President-elect Donald Trump has picked Elaine Chao to become transportation secretary, a Trump transition official said Tuesday. She also is the wife of Senate Majority Leader Mitch McConnell of Kentucky. Chao received her undergraduate degree from Mount Holyoke College and a Master of Business Administration from Harvard.
NEW YORK, Nov 29- The U.S. Treasury Department said on Tuesday it sold $45 billion in one-month bills at an interest rate of 0.365 percent, the highest since 0.440 percent at a one-month bill sale on Oct. 28, 2008, according to Treasury data.
LOS ANGELES/ CHICAGO, Nov 29- Scores of demonstrators were arrested on Tuesday as U.S. workers from fast-food chains staged nationwide protests for higher pay, union rights and immigration reform in their first major action since Donald Trump was elected president. McDonald's Corp restaurants in 340 cities were prime rally targets, while baggage handlers,...
LONDON, Nov 29- U.S. healthcare company Johnson& Johnson is raising its offer for Swiss biotech group Actelion in an attempt to win it over for a buyout, a source familiar with the situation said on Tuesday. Actelion shares closed up 10 percent at 209 Swiss francs, rebounding from negative territory. Bloomberg News reported that Actelion had rejected an offer of 246...
A host of companies are feeling pressure from activist shareholders, including such well-known investors as Nelson Peltz, Carl Icahn and William Ackman, who often wield outsize power even though they own only a small percentage of shares. Joining Cernich in the new group will be Mark Harnett, who joined Sard in 2015 and was previously a co-founder and president...
*China's property sector supported by urban potential- Wang. JAKARTA, Nov 29- The chairman of Chinese property-to-entertainment conglomerate Dalian Wanda Group said on Tuesday that there is a property market bubble in China but the industry won't collapse as there is still a significant potential for urbanization. "Yes, there's a bubble in China," Wang Jianlin,...
NEW YORK— Transition official: President-elect Trump picks Elaine Chao as Transportation secretary.
*He could also clash with Berlin over budget deficit. PARIS, Nov 29- On paper, French presidential favourite Francois Fillon's free-market plans to cut business taxes, relax labour laws and shrink the public sector should give corporate France a shot in the arm and boost economic growth. He could also clash with Berlin over a ballooning budget deficit, while a...
Nov 29- Shoppers spent $3.45 billion on Cyber Monday on Samsung 4 K TVs, PlayStation 4 s and Barbie dolls among other products, marking the largest online sales day in U.S. history. Cyber Monday sales jumped 12.1 percent year-over-year and surpassed initial expectations that called for total sales of $3.36 billion, according to Adobe Digital Insights.
Republican Representative Tom Price, an orthopedic surgeon from Georgia, will be Trump's Health and Human Services secretary, and consultant Seema Verma will lead the Centers for Medicare and Medicaid Services, a powerful agency that oversees government health programs and insurance standards. Vice President-elect Mike Pence, arriving at Trump Tower in...
PRAGUE— Czech lawmakers have approved legislation to limit the business activities of future government ministers. The legislation, approved on a 125-42 vote in Parliament's lower chamber, would ban ministers from owning media, and bar companies in which ministers have more than a 25 percent stake from receiving state subsidies and participating in public...
WARSAW, Poland— Prosecutors in Poland say a former senator and 10 other people have been detained and questioned over allegations of corruption. Prosecutor Piotr Baczynski said Tuesday the ex-senator is suspected of having accepted two bribes totaling 46,000 zlotys last year from local businessmen who were among those detained. Poland's conservative...
*Oil prices fall nearly 4 pct ahead of OPEC meeting. Nov 29- The Dow was little changed in late morning trading on Tuesday, pressured by a sharp drop in oil prices that weighed on energy companies, while a rise in healthcare and biotech stocks helped lift the Nasdaq and the S&P 500.. Oil fell nearly 4 percent on signs that leading oil exporters were struggling to agree...
*Four ministers had urged Zuma to step down- local media. *ANC says reaffirms Zuma's presidency. JOHANNESBURG, Nov 29- South Africa's ruling African National Congress said on Tuesday its executive committee stood by President Jacob Zuma in a debate about whether he should step down after several officials called for his resignation.
CRUDE FUTURES EXTEND LOSSES, DOWN 4.6 PCT AT SESSION LOW OF $44.82 A BARREL.
*Carmakers to build 400 charging sites in first step. BERLIN/ DETROIT, Nov 29- Four of the world's top carmakers have agreed to invest in thousands of fast-charging sites across Europe to boost mainstream acceptance of electric cars, the companies said on Tuesday. "The availability of high-power stations allows long-distance electric mobility for the first...