Hurricane Harvey: All you need to know about the most destructive Texas storm in 50 years

As Texas continues to deteriorate, US President Donald Trump will visit two Texas, Corpus and Chisti cities on Tuesday because of incessant rains and “catastrophic” floods in the area following the disastrous Hurricane Harvey. your inventory of the situation.

The 45th President of the United States is facing the biggest natural disaster in the United States since taking oath in January. It has already signed disaster proclamations and sanctioned federal aid efforts for hurricane victims in Texas and Louisiana.

Here is everything you need to know about Hurricane Harvey and why it is described as the “most destructive storm in Texas in 50 years”

Hurricane Harvey is the strongest tropical hurricane that hit the United States after the Wilma Class 5 disaster in Florida in 2005. According to the National Hurricane Center, the hurricane originated from a tropical Gulf of Mexico wave on 17 August.

On the way to Texas in the United States, Harvey had an impact on parts of Barbados, Martinique, Dominica and St. Vincent and the Grenadines. According to a New York Times article, Harvey landed northeast of Corpus Christi, Texas, around 9:45 last week.

It was designated as a category 4 hurricane and struck Chisti at a wind speed of 130 miles per hour. The storm then moved to the Bay of Copano as a Category 3 hurricane. Along the way, Harvey affected some of the most populous areas of Texas.

He moved along the Gulf Coast State, from Corpus Chisti to Houston, then entered Austin and San Antonio. With strong winds, Harvey brought a heavy downpour with himself, which has continued in recent days.

Torrential rains continued unabated, causing massive flooding in parts of Texas. According to the latest Reuters news agency reports, at least 7 people died from flooding and many were injured.

More than tens of thousands of people must remain homeless before the rain stops. Approximately 13 million people are struggling with “catastrophic floods” and torrential rains in the region.

According to the US National Weather Service, rain should continue until Wednesday. According to researchers quoted by the Associated Press news agency, at a time when rains are plentiful, Harvey would have dumped about one million gallons of water for every man, woman and child in southeastern Texas.

The fourth largest city in the United States, Houston, has been completely flooded by the incessant rains that followed Hurricane Harvey, causing hundreds of civilians to appear in the area. National Guard troops, police and rescue teams are engaged in massive rescue operations to assist stranded civilians.

The two major airports, along with primary highways, Houston’s railroad lines were closed during the weekend. More than 2,600 civilians in Texas were without electricity in the southeast corner of the state.

The director of the Federal Emergency Management Agency (FEMA), Brock Long, estimated that 30,000 people could temporarily stay in shelters. He also said that the resurgence of natural disasters will take years. In a statement to the media, he said: “This disaster is going to be a historic event.”

Floods in Houston also had an impact on the US refinery’s large-scale cuts on Tuesday. Due to supply disruptions in Colombia and Libya, crude oil prices have increased. The massive floods caused by Harvey resulted in the closure of several refineries, resulting in an increase of $ 1.7799 per gallon per species in the United States.

Microsoft Corporation (NASDAQ:MSFT) Position Raised by Asset Planning Services Ltd.

Microsoft Corporation (NASDAQ:MSFT) Position Raised by Asset Planning Services Ltd.

Microsoft Corporation (NASDAQ:MSFT) Position Raised by Asset Planning Services Ltd.

Service Planning Assets SL increased its position in Microsoft Corporation (NASDAQ: MSFT) to 93.0% in the first quarter, according to its latest deposit 13F with the Securities and Exchange Commission.

Institutional investors had 1737 shares of the software giant after buying 837 additional shares during the period. The activities of the Asset Property Planning Services LLC Corporation for $ 114,000 worth of its most recent filing with the SEC.

A number of other institutional investors have also recently changed their holdings of MSFT. Elgethun Capital Management has acquired a new interest in the shares of Microsoft Corporation in the fourth quarter for $ 2,272 million dollars.

Fusion Family Equity LLC has taken a new interest in the shares of Microsoft Corporation in the fourth quarter for $ 231,000. Syntal Capital Partners LLC has increased its shareholding in Microsoft Corporation 48.0% in the fourth quarter.

Syntal Capital Partners LLC now has 8,057 software giant shares valued at $ 500,000 after buying 2,612 additional shares in the last quarter. Cleararc Capital Inc. increased its share of Microsoft Corporation 1.0% in the fourth quarter.

Cleararc Capital Inc. now holds 226,119 shares of the software giant worth $ 14,051,000 2317 after buying additional shares in the last quarter. Finally, State Street Corp. increased its share of Microsoft Corporation 2.8% in the fourth quarter.

State Street Corp. now owns 316,129,357 shares of software giant worth $ 196,427,727,000 having acquired 8,757,118 additional shares in the last quarter. Institutional investors and hedge funds hold 72.87% of the company’s shares.

Microsoft Corporation (MSFT) opened at 73.04 on Monday. The company’s 50-day moving average is $ 71.08 and its 200-day moving average is $ 67.29. Microsoft Corporation has a 52-week low of $ 55.61 and a 52-week high of $ 74.42. The stock has a market value of 562.99 billion ratio, P / E of 26.95 and a beta of 1.00.
Microsoft Corporation (NASDAQ: MSFT) released its results on July 20. The software giant earned a profit per share of $ 0.98 for the quarter, surpassing Zacks’ consensus estimate of $ 0.71 to $ 0.27.

The company earned a turnover of 24.70 billion for the quarter, compared with the estimates of 24.29 billion analysts. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%.

The company’s quarterly sales increased 9.1% compared to the previous year. During the same period last year, the company earned $ 0.69 EPS. On average, financial analysts predict that Microsoft will show $ 3.23 EPS for the current year.

 

Shell plans 400 job cuts at Dutch projects and technology department

Shell plans 400 job cuts at Dutch projects and technology department

Shell plans 400 job cuts at Dutch projects and technology department

LONDON (Reuters) – Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, especially in its large projects and energy technology operations, while the oil giant changed its business model in response to declining Oil prices, as an internal document that had access Reuters.

The world’s second largest oil company by market capitalization, said in a statement in response to questions from Reuters that “400 (staff) potentially at risk of being fired during the last quarter of 2017 / first half of 2018.”

This represents about a quarter of the roles within the department, according to the personal consultation document, which Reuters. The group employs 92,000 people worldwide.

“Shell is a simpler business,” a spokesman said, adding that the final number of job cuts would be the subject of employee consultations. He refused to answer detailed questions about the consultation document.

The proposed restructuring, which will also see dozens of research work moving from the Netherlands to Bangalore, India, highlights how the oil price collapse appears in the Anglo-Dutch giant to move away from megaprojects. Focused on more than 20 years.

He also observed a growing shift in the most valuable roles, such as the search for low-cost countries.

“There will be less complex and complex megaprojects and proportionately simpler projects to complex media … This shows a” convenience “for delivery of the project,” said the document, which was presented to the royaldutchshellplc .com, a website Independent company used by Shell staff and seen by Reuters.

In addition to the reduction of staff, Shell aims to reduce costs by outsourcing design work and “less value” by reducing the number of staff in expensive jobs foreign jobs and reduce the levels management of their projects and technological activities .

“The industry as a whole has become less effective over the last two decades, while automotive, aerospace, solar and wind energy, for example, has become more efficient,” he said.

The oil industry has reduced jobs – about 12,500 Shell – and investment budgets in recent years since the decline in oil prices has made many viable projects previously unprofitable.

While the second quarter saw a doubling of profits for many companies, analysts believe that high production costs and high operating levels in the U.S. Shale oil fields represent a significant recovery of around $ 50 per barrel. Brent crude failed during the last two years is short-term. This price is about half the gross negotiated level during the last six years.

China July factory growth cools but construction boom fortifies economy

China July factory growth cools but construction boom fortifies economy

China July factory growth cools but construction boom fortifies economy

BEIJING (Reuters) – Growth in the Chinese manufacturing sector slowed down slightly in July as foreign demand for Chinese products slowed, but government-led infrastructure prevented construction from buzzing and helped Second world economy.

The official purchasing manager index (PMI) exceeded the 50-point mark that separates contraction growth for the twelfth consecutive month as China poured funds into a construction boom that fueled demand Everything from cement to steel and other building materials.

But the broad consensus among China’s observers is that economic growth will refresh in the coming months as government repression of financial risks increases borrowing costs for businesses and reduces profits.

The official PMI stood at 51.4 in July, the National Bureau of Statistics said on Monday, down from 51.7 the previous month and slightly less than forecast 51.6 in a Reuters poll.

Export orders, which helped Chinese factories, recovered strongly in June, declined this month as manufacturers reported a slowdown in foreign demand. The overall production of the plant has grown less rapidly than in June.

New export orders fell from 50.9 in July from 52.0 in June, which drove the index for factory orders in general to 52.8 from 53, 1.

“The breakdown suggests that the weakness of foreign demand is partly responsible: the new export orders have decreased by a greater margin than the new general orders,” said Julian Evans-Pritchard, a Chinese economist based in Singapore To Capital Economics.

While China’s foreign trade is facing a rather positive environment during the second half of the year, uncertainties remain, said Foreign Trade Minister Qian Keming in Beijing on Monday.

The US and China failed earlier this month to agree on further important steps to reduce the US trade deficit with China, casting doubt on President Donald Trump’s economic and security relations With Beijing.

At the national level, the construction sector remained strong as the government intensified its investment in infrastructure projects. Separate data showed that China’s steel sector was in poor health, expanding in July at its fastest pace since April 2016.

The PMI’s reading of the construction sector revealed a strong recovery of 62.5 in July from 61.4 in June.

Commodity stocks declined slightly in July, according to the survey, while imports were almost stable and suggested stable domestic demand.

Activity in the large plants rose in July, with the sub-index for major manufacturers reaching 52.9 from 52.7.

Cooler months

A one-year construction boom helped China to post stronger than expected economic growth of 6.9 percent in the first half of 2017.

But the higher bank financing costs observed in the first half of the year will be reflected in the real economy, while the red-hot real estate market will moderate after waves of government cooling measures.

The increase in borrowing costs is expected to affect small businesses more difficulty. Indeed, a reading on the medium and small manufacturers showed an activity contracted this month.

Facebook's Sheryl Sandberg: 'Pay women well'

Facebook’s Sheryl Sandberg: ‘Pay women well’

Facebook’s Sheryl Sandberg: ‘Pay women well’

However, the chief operating officer of the company, in an interview for the records of the desert of BBC Radio 4, said that the first step is “start to pay women well.”

She chose Beyonce to feed the world (the girls) as the first song.
She said: “We are beginning to tell the girls not to carry a very young age and start telling the boys [to] drive at a very young age, it is a mistake ..”

“I think everyone has within them the ability to lead and we must let people choose those who are not based on gender, but for what they are and want to be.”
In an emotional interview, Sandberg also talked about her husband’s sudden death in 2015 and the effect on her two young children.
Sandberg has made headlines in 2013 with her book “Lean in” on empowering women in the workplace.
It became a worldwide sales success, but was criticized by some for being elitist and impractical for many women who are not in their prime position.
“We need a policy”

In the interview, he called for more to reduce the pay gap between men and women.

Sandberg admitted that he had problems with the doubt at Harvard and acknowledged that women more than men underestimate their own value, which prevents them from putting in or asking for a raise.
“We have to start paying women well and we need public and business policy to make this happen,” he said.

“Certainly, women who seek employment at the same rate as men, women who work in the office in the same proportion as men, should be part of the answer.”
‘I’m sad’

After the sudden death of her husband Dave Goldberg, Sandberg has described a “different” person now.

He found the floor of a gym with a head injury after suffering a heart attack while on weekends.

Sometimes in tears she said: “I’m sad I did not know anyone could cry because I asked my sister – she’s a doctor – and said that most of her body was .. water,” he joked.
Means legend. I felt as if I had entered a void, as if I could barely breathe – Sheryl Sandberg

She chooses one by U2 record as if she kept the other seven were deleted because Mr. Goldberg had loved the group, adding that her music was very important: her husband was the founder of the online music site Media presentation.

Another of her eight tracks was Queen You are my best friend tribute to your intimate group of friends that she helped accompany to overcome the experience.
The play was a “lifesaver”

Since his death, Sandberg said he had become more empathic and Facebook doubled the amount of time that Facebook employees can take off when a member of the immediate family dies after 20 days.

She said it was also important to support people and build their confidence if they wanted to go to work.

Asia stocks start data-heavy week with gains; dollar creeps up

Asia stocks start data-heavy week with gains; dollar creeps up

Asia stocks start data-heavy week with gains; dollar creeps up

SINGAPORE (Reuters) – Asian stock markets were positive on Monday shrugged off a new North Korean missile test as investors focused their attention on a series of global economic data and their results this week as the dollar rose, But is still limited by US political concerns.

European stock markets look set for a smooth start, with CMC’s most anticipated financial markets such as Britain’s FTSE 100, Germany’s DAX and France’s CAC 40 to all small ones with little change.

MSCI’s broader index of Asian non-Japanese stocks reversed expected losses to increase by 0.25 percent.

Chinese stocks rose, supported by the forecasts of several leading companies with strong earnings in the medium term. The first-order index and the Shanghai compound both increased by 0.6%. Hong Kong’s Hang Seng rose 1 percent to a two-year high.

This good performance came despite a drop in Chinese official indices manufacturers and procurement services in July, although they remained above the 50-point mark that separates the growth from the monthly contraction.

Investors remain wary after North Korea has carried out a Friday night missile test, in which it demonstrated its ability to hit the Americas. The United States responded by flying two bombers on the Korean peninsula Sunday.

But the previous shouts have dissipated so much losses, the Korean won has been reversed. The dollar fell 0.2% to 1 120.7 won, after jumping nearly 0.7% on Friday. South Korea’s Kospi fell 0.2 percent.

Australian stocks rose 0.7%.

Safe havens perceived from the Japanese yen has strengthened the dollar by losing 0.15% to 110,545 yen, playing the low since mid-June.

“The geopolitical change is likely to keep the higher movements on record early in the week, as the disorganized policy of the United States and China over North Korea are not interested in things,” said Stephen Innes, Head of OANDA Asia-Pacific trade.

The Nikkei in Japan was flat with official news of offsetting the yen, the country’s industrial output rebounded in June against a decline in May.

On Wall Street on Friday, the S & P and Nasdaq fell after lucrative companies with Amazon, Exxon Mobil and Starbucks disappointed.

However, the Dow finished up and set an intraday record, boosted by strong Chevron earnings.

US corporate profits generally came better than expected in the second quarter. More than half of the earnings season, S & P 500 companies are on track to increase profits by 10.8%, according to Thomson Reuters I / B / E / S.

Futures Mini S & S & P fell nearly 0.1 percent on Monday.

The dollar index, which tracks the greenback against a basket of six major rivals, rose 0.15% to 93,396, after declining 0.6% on Friday.

Markets are awaiting the speech of Cleveland Fed Chairman Loretta Mester and Fed Chairman San Williams John Williams for a better understanding of whether the central bank has become pessimistic in the light Of inflation has recently declined.

Luggage screening intensified after Australia airplane plot

Luggage screening intensified after Australia airplane plot

Luggage screening intensified after Australia airplane plot

CANBERRA, AUSTRALIA
Continued to increase security at airports around Australia with a more intense luggage after officials of law enforcement they foiled what the police chief described Monday as a “credible attempt to attack a plane.”

Prime Minister Malcolm Turnbull and Minister of Border Protection, Peter Dutton, declined to comment on press reports according to which Islamic extremists were planning to kill the occupants of an aircraft with poisonous gas and a bomb was going to be dressed up like a pinwheel Of kitchen.

“Police claim that they have planned and developed capacity,” said Turnbull Australian Broadcasting Corp.

Turnbull said Sunday that “a terrorist plan to shoot down a plane” had been cut short, but revealed few details.
Four men detained in raids in Sydney late evening – two Lebanese – Australian father and son – had yet to be charged.

Australian Federal Police Commissioner Andrew Colvin said a court ruled Monday that the four could be detained without charge for seven days after their arrest under anti-terrorist laws.

“We believe we have thwarted a legitimate and credible attempt to attack an aircraft,” Colvin told reporters without specifying.

Colvin describes the threat several times as “device”, not to mention if it was explosive.

“The plot study, we believe, was an attempt to put a device on a plane, but beyond that, it’s just speculation: speculation,” he said, adding that police had “many theories of work”.

Colvin and the government did not comment on media reports that the suspects did not previously know responsible for Australia’s security and their arrests came after a council of a foreign intelligence agency.

“Australians can be sure that we have very good intelligence and that they focused quickly on him and, as it turns out, with good results,” Turnbull said.

The Australian newspaper quoted multiple sources as saying that the plotters were building a “non-traditional” explosive device that could emit toxic gas sulfur to kill or immobilize everyone on the plane.

The Daily Telegraph newspaper in Sydney reported that hunters planned to make a bomb of wood chips and explosive materials on the kitchen equipment like a meat grinder.

Police attacked five homes Saturday and a domestic grinder and a grinder used to make sausages were removed, according to the newspaper.

The plot involved smuggling the device on a flight from Sydney to the Middle East, perhaps Dubai, as carry-on luggage, according to the newspaper.

Fairfax Media reported that the bomb was found in a house in the neighborhood of Surry Hills, a few doors from the local mosque.

Turnbull declined to say whether the group was led by a person abroad.

“It is said that he was an Islamic extremist, a terrorist motivation,” the prime minister said.

HSBC Rises as Second Quarter of Growth Backs Turnaround Story

HSBC Rises as Second Quarter of Growth Backs Turnaround Story

HSBC Rises as Second Quarter of Growth Backs Turnaround Story

After publishing a second quarter earnings growth and plans to return another $ 2 billion in cash for investors, Stuart Gulliver’s six-week investment in HSBC Holdings Plc could eventually grow.

Adjusted income and pre-tax profit rose 4% and 13%, respectively, on analysts’ estimates, as the bank continued to inject capital into the most profitable markets in Asia and the bank’s profits increased investment .

The latest acquisition means the London-based bank has committed to buying 5.5 billion shares over the past year, and leaders said they were willing to do more.

“The focus on the key market will be to improve revenue and capital formation trends,” analysts at Goldman Sachs Group Inc. wrote in a note Monday. “Investors will focus doubt on the consequences this may have for future returns on capital.”

The results indicate that HSBC’s Gulliver reorganization begins to pay off as the bank begins to rise after five years of declining revenues.

The CEO has spent most of his long-term downturn and imposed central control over HSBC’s vast global network, leaving about 100 companies and 18 countries, while enduring more expensive misconduct scandals.

“It could be argued that there are a number of more focused, logical and consistent companies remaining and that there is no absolute growth” in HSBC now, Gulliver said during a call for analysts.

New President Mark Tucker, who will succeed Douglas Flint in October, and to consider internal and external candidates to replace the retired Gulliver, focusing on someone who can continue to drive the growth of Europe’s largest bank

values

The bank’s shares rose 3.8% to 771.6 pence at 8 am in London 15 the highest price since May 2013. Stocks have risen 56% in the past year.

“We revenue in the right direction in all our major businesses and regions” and we are in a “very strong capital,” said HSBC Finance Director Iain Mackay in an interview with Bloomberg Television Manus Cranny.

With most banks in Europe cutting or eliminating their dividends to finance major restructuring programs, HSBC was one of the few to constantly pay since the financial crisis, distributing more than $ 20 billion since June’s single Of 2015. The new regulations also depressed shareholder capital payments, while banks accumulate money to fill their absorption scholarship losses.

HSBC has reached the end of the capital construction process after raising its ratio ratio 1 common equity to 14.7 percent from 14.3 percent by the end of March, above its target range 12 percent to 13 percent.

More acquisitions?

“We’re going to keep the dividend” and “it’s possible we’re more than willing to use the repurchase to actively manage our capital,” Gulliver said in a telephone interview.

“We will use purchases if we find that we have excess capital beyond what we believe we can deploy profitably in the business and accrued well beyond the shock we feel is necessary.”