billion Archive

  • U.S. Fiscal Year Deficit Expands to $666 Billion, 6th Highest on Record The U.S. budget deficit expands to $666 billion for the fiscal year 2017, a rise of $80 billion over the year earlier. It was the largest shortfall since 2013 and the sixth-highest on record, as record spending more than counterbalanced record receipts, according to the Treasury Department. The 2017 deficit rose to 3.5 percent of gross domestic product. The previous fiscal year deficit was $586 billion, with a deficit-to-GDP ratio of 3.2 percent. Accounting for calendar adjustments, the 2017 fiscal year deficit stood at $644 billion compared with $546 billion the previous year. Fiscal 2017 revenues rose one percent to $3.315 trillion, while spending increased three percent to $3.981 trillion. According to the Treasury Department, higher outlays for Social Security, Medicare, and Medicaid, along with interest on the public debt, contributed to the rise in spending for 2017. Higher spending by the Federal Emergenc..

    Prime News: U.S. Fiscal Year Deficit Expands to $666 Billion, 6th Highest on Record

    U.S. Fiscal Year Deficit Expands to $666 Billion, 6th Highest on Record The U.S. budget deficit expands to $666 billion for the fiscal year 2017, a rise of $80 billion over the year earlier. It was the largest shortfall since 2013 and the sixth-highest on record, as record spending more than counterbalanced record receipts, according to the Treasury Department. The 2017 deficit rose to 3.5 percent of gross domestic product. The previous fiscal year deficit was $586 billion, with a deficit-to-GDP ratio of 3.2 percent. Accounting for calendar adjustments, the 2017 fiscal year deficit stood at $644 billion compared with $546 billion the previous year. Fiscal 2017 revenues rose one percent to $3.315 trillion, while spending increased three percent to $3.981 trillion. According to the Treasury Department, higher outlays for Social Security, Medicare, and Medicaid, along with interest on the public debt, contributed to the rise in spending for 2017. Higher spending by the Federal Emergenc..
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  • BRAZIL: Eletrobras Privatization Could Raise US$ 2.43 Billion For Government The privatization of Brazilian state-owned power distributor Eletrobras could increase federal government revenue by R$ 7.7 billion (US$ 2.43 billion) in 2018, said the acting minister of Mines and Energy, Paulo Pedrosa. He denied that the government wants to transfer the control of Eletrobras to the private sector solely to reduce its primary deficit. The goal, according to Pedrosa, is to make the company more competitive. "In the case of Eletrobras, the collateral effect would be R$ 7.7 billion in the budget, focusing on improving the environment for the electric sector. We want Eletrobras selling [electricity] at market prices." Pedrosa said that the current scenario in the energy market is more complicated than before, with technology, management and even climate change impacting on the power generation costs. "We no longer have the capacity to turn the electricity sector on with BNDES funds," s..

    BRAZIL: Eletrobras Privatization Could Raise US$ 2.43 Billion For Government

    BRAZIL: Eletrobras Privatization Could Raise US$ 2.43 Billion For Government The privatization of Brazilian state-owned power distributor Eletrobras could increase federal government revenue by R$ 7.7 billion (US$ 2.43 billion) in 2018, said the acting minister of Mines and Energy, Paulo Pedrosa. He denied that the government wants to transfer the control of Eletrobras to the private sector solely to reduce its primary deficit. The goal, according to Pedrosa, is to make the company more competitive. "In the case of Eletrobras, the collateral effect would be R$ 7.7 billion in the budget, focusing on improving the environment for the electric sector. We want Eletrobras selling [electricity] at market prices." Pedrosa said that the current scenario in the energy market is more complicated than before, with technology, management and even climate change impacting on the power generation costs. "We no longer have the capacity to turn the electricity sector on with BNDES funds," s..
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  • Final numbers for the fiscal year-ended in September - Deficit was 3.5% of GDP compared to 3.2% in fiscal 2016 - Sept surplus of $8B compared to $6B expected The big question, is whether the deficit is going to rise or contract in the year ahead. My guess is that a tax cut is more important to Congress

    US 2017 fiscal deficit was $665.7 billion vs $585.6 billion a year earlier

    Final numbers for the fiscal year-ended in September - Deficit was 3.5% of GDP compared to 3.2% in fiscal 2016 - Sept surplus of $8B compared to $6B expected The big question, is whether the deficit is going to rise or contract in the year ahead. My guess is that a tax cut is more important to Congress
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  • COLOMBIA: Congress Approves US$ 80.1 Billion Budget For 2018 Colombia's Senate and House of Representatives jointly approved a 2018 budget of 235.6 trillion pesos (US$ 80.1 billion), 1% higher than in 2017. Half of that amount will be allocated to public investment. According to the Colombian Minister of Finance, Mauricio C?rdenas, the investment budget represents 4.1% of the Gross Domestic Product (GDP) and will allow the government to continue with social programs and increase investment in strategic sectors - infrastructure, social inclusion, education and technical training, early childhood and children care, and agricultural and livestock, among others. C?rdenas stressed that after working with the Congress to achieve a better composition, it was possible to make changes to the budgets of education, health and infrastructure, approving more resources for public universities, hospitals and roads, respectively. "For no one is it unknown that Colombia has had to adjust..

    COLOMBIA: Congress Approves US$ 80.1 Billion Budget For 2018

    COLOMBIA: Congress Approves US$ 80.1 Billion Budget For 2018 Colombia's Senate and House of Representatives jointly approved a 2018 budget of 235.6 trillion pesos (US$ 80.1 billion), 1% higher than in 2017. Half of that amount will be allocated to public investment. According to the Colombian Minister of Finance, Mauricio C?rdenas, the investment budget represents 4.1% of the Gross Domestic Product (GDP) and will allow the government to continue with social programs and increase investment in strategic sectors - infrastructure, social inclusion, education and technical training, early childhood and children care, and agricultural and livestock, among others. C?rdenas stressed that after working with the Congress to achieve a better composition, it was possible to make changes to the budgets of education, health and infrastructure, approving more resources for public universities, hospitals and roads, respectively. "For no one is it unknown that Colombia has had to adjust..
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  • SAN FRANCISCO -- Google parent company Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said. The funding marks a major shift in Alphabet’s allegiances away from Uber Technologies Inc., and suggests a tighter pairing of its Waymo autonomous vehicle technology with Lyft’s transportation network. David Lawee, a partner at CapitalG, will join Lyft’s board. The cash infusion helps Lyft compete with Uber, which has been reeling from a series of scandals and executive turnover in 2017. Bloomberg previously reported Alphabet was considering a $1 billion investment. The internet giant was a major Uber backer, but the companies have clashed in court over autonomous vehicle technology this year. General Motors invested $500 million into Lyft in early 2016. Lyft has gained market share in the U.S., the only country where it operates, as Uber suffered from self-inflicted wounds, incl..

    Google parent company leads $1 billion investment in Lyft

    SAN FRANCISCO -- Google parent company Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said. The funding marks a major shift in Alphabet’s allegiances away from Uber Technologies Inc., and suggests a tighter pairing of its Waymo autonomous vehicle technology with Lyft’s transportation network. David Lawee, a partner at CapitalG, will join Lyft’s board. The cash infusion helps Lyft compete with Uber, which has been reeling from a series of scandals and executive turnover in 2017. Bloomberg previously reported Alphabet was considering a $1 billion investment. The internet giant was a major Uber backer, but the companies have clashed in court over autonomous vehicle technology this year. General Motors invested $500 million into Lyft in early 2016. Lyft has gained market share in the U.S., the only country where it operates, as Uber suffered from self-inflicted wounds, incl..
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  • DETROIT -- Ford Motor Co. may be both flush with cash and struggling with its stock price, but new CEO Jim Hackett is in no rush to buy Wall Street’s love. The carmaker’s $28 billion cash pile isn’t “burning a hole in our pocket,” Hackett said during an hours-long investor day early this month. Since then, Ford’s shares have slipped and two analysts have cut their ratings, citing the time it’ll take the CEO to turn around the company with self-driving technology and electric vehicles. Hackett answers to Ford’s founding family, which controls the company through a special class of stock and has a different agenda than other investors. They prefer a steady dividend over the share buybacks that rival General Motors has been coaxed into by activist investors. While Ford’s challenges with its stock price linger, GM is repurchasing $14 billion over three years and winning plaudits for its burgeoning mobility business. “They have too much cash on their balance sheet and they’re not doing ..

    Ford’s $28 billion cash pile doesn’t buy love on Wall Street

    DETROIT -- Ford Motor Co. may be both flush with cash and struggling with its stock price, but new CEO Jim Hackett is in no rush to buy Wall Street’s love. The carmaker’s $28 billion cash pile isn’t “burning a hole in our pocket,” Hackett said during an hours-long investor day early this month. Since then, Ford’s shares have slipped and two analysts have cut their ratings, citing the time it’ll take the CEO to turn around the company with self-driving technology and electric vehicles. Hackett answers to Ford’s founding family, which controls the company through a special class of stock and has a different agenda than other investors. They prefer a steady dividend over the share buybacks that rival General Motors has been coaxed into by activist investors. While Ford’s challenges with its stock price linger, GM is repurchasing $14 billion over three years and winning plaudits for its burgeoning mobility business. “They have too much cash on their balance sheet and they’re not doing ..
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  • Japan September Trade Surplus Y670.17 Billion Japan posted a merchandise trade surplus of 670.17 billion yen in September, the Ministry of Finance said on Thursday. That beat forecasts for a surplus of 556.8 billion yen following the downwardly revised 112.6 billion yen surplus in August (originally 113.6 billion yen). Exports climbed 14.1 percent on year 6.811 trillion yen, missing forecasts for a gain of 15.0 percent and down from 18.1 percent in the previous month. Exports to Asia climbed 18.7 percent on year to 3.704 trillion yen, while exports to China alone advanced an annual 29.3 percent to 1.284 trillion yen. Exports to the United States gained 11.1 percent on year to 1.297 trillion yen and exports to the European Union added an annual 11.5 percent to 766.435 billion yen. Imports picked up an annual 12.0 percent to 6.140 trillion yen versus expectations for 14.7 percent and down from 15.2 a month earlier. Imports from Asia jumped 7.7 percent on year to 3.085 trilli..

    Japan September Trade Surplus Y670.17 Billion

    Japan September Trade Surplus Y670.17 Billion Japan posted a merchandise trade surplus of 670.17 billion yen in September, the Ministry of Finance said on Thursday. That beat forecasts for a surplus of 556.8 billion yen following the downwardly revised 112.6 billion yen surplus in August (originally 113.6 billion yen). Exports climbed 14.1 percent on year 6.811 trillion yen, missing forecasts for a gain of 15.0 percent and down from 18.1 percent in the previous month. Exports to Asia climbed 18.7 percent on year to 3.704 trillion yen, while exports to China alone advanced an annual 29.3 percent to 1.284 trillion yen. Exports to the United States gained 11.1 percent on year to 1.297 trillion yen and exports to the European Union added an annual 11.5 percent to 766.435 billion yen. Imports picked up an annual 12.0 percent to 6.140 trillion yen versus expectations for 14.7 percent and down from 15.2 a month earlier. Imports from Asia jumped 7.7 percent on year to 3.085 trilli..
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  • Japan Has Y670.2 Billion Trade Surplus In September Japan had a merchandise trade surplus of 670.2 billion yen in September, the Ministry of Finance said on Thursday. That beat forecasts for a surplus of 556.8 billion yen following the downwardly revised 112.6 billion yen surplus in August (originally 113.6 billion yen). Exports climbed 14.1 percent on year, missing forecasts for a gain of 15.0 percent and down from 18.1 percent in the previous month. Imports picked up an annual 12.0 percent versus expectations for 14.7 percent and down from 15.2 a month earlier.

    Japan Has Y670.2 Billion Trade Surplus In September

    Japan Has Y670.2 Billion Trade Surplus In September Japan had a merchandise trade surplus of 670.2 billion yen in September, the Ministry of Finance said on Thursday. That beat forecasts for a surplus of 556.8 billion yen following the downwardly revised 112.6 billion yen surplus in August (originally 113.6 billion yen). Exports climbed 14.1 percent on year, missing forecasts for a gain of 15.0 percent and down from 18.1 percent in the previous month. Imports picked up an annual 12.0 percent versus expectations for 14.7 percent and down from 15.2 a month earlier.
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  • *Japan Trade Surplus 670.2 Billion Yen In September Japan Trade Surplus 670.2 Billion Yen In September

    *Japan Trade Surplus 670.2 Billion Yen In September

    *Japan Trade Surplus 670.2 Billion Yen In September Japan Trade Surplus 670.2 Billion Yen In September
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  • CARREFOUR: Gross Revenue Rises 5.5% To R$ 12.2 Billion In 3Q17 Grupo Carrefour Brasil's gross sales revenue grew by 5.5% in the third quarter of 2017, excluding fuels, to R$ 12.2 billion (US$ 3.84 billion), compared to the same period in 2016. Same-store sales, which account for the results of stores operating for at least one year, increased 1.1%. In the year through September, Grupo Carrefour Brasil posted an 8% growth in consolidated gross sales, also excluding fuels, reaching R$ 36 billion, equivalent to a R$ 2.7 billion increase. Same-store sales increased at a slower pace of 3.6%. At Atacad?o, same-store sales grew 1.6% in the third quarter. At Carrefour, including e-commerce, same-store sales were flat in the third quarter compared to the same quarter of the previous year. "This positive performance was possible even considering the scenario of strong food deflation in the period," said the company. In 12 months through September, Grupo Carrefour Brasil has opene..

    CARREFOUR: Gross Revenue Rises 5.5% To R$ 12.2 Billion In 3Q17

    CARREFOUR: Gross Revenue Rises 5.5% To R$ 12.2 Billion In 3Q17 Grupo Carrefour Brasil's gross sales revenue grew by 5.5% in the third quarter of 2017, excluding fuels, to R$ 12.2 billion (US$ 3.84 billion), compared to the same period in 2016. Same-store sales, which account for the results of stores operating for at least one year, increased 1.1%. In the year through September, Grupo Carrefour Brasil posted an 8% growth in consolidated gross sales, also excluding fuels, reaching R$ 36 billion, equivalent to a R$ 2.7 billion increase. Same-store sales increased at a slower pace of 3.6%. At Atacad?o, same-store sales grew 1.6% in the third quarter. At Carrefour, including e-commerce, same-store sales were flat in the third quarter compared to the same quarter of the previous year. "This positive performance was possible even considering the scenario of strong food deflation in the period," said the company. In 12 months through September, Grupo Carrefour Brasil has opene..
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