America

Walmart supermarket chain will no longer accept Visa cards in its stores in Canada from July 18, reasoned decision from the fees applied considered overly high. At first in Thunder Bay stores it will be impossible to use Visa and then it will be phased in across the country.

"Walmart made this business decision despite Visa offering one of the lowest rates available to any merchant in the country," a spokesperson said. "To ensure we are taking care of our customers’ best interests and delivering on our promise of saving customers money, we constantly work to reduce our operating costs, including credit card fees," Walmart Canada said.

Microsoft, with a flash deal, bought Linkedin cost of $ 26.2 billion, $ 192 per share, the largest professional network in the world.
Microsoft’s goal is to revive the social network, with over 400 million users, in recent months has disappointed investors and markets because of competition and a labor market recovery that also caters to more traditional channels. In fact, in recent months LinkedIn showed the first signs of weakness: in the last quarter of 2015 closed with a red amounting to $ 8.4 million compared to a profit of 2.9 million profit in the same period last year .

The Swiss bank UBS restructures its investment management activities in the US. The number of its consultants is expected to decrease by 10%, but the rewards will be higher, to try to tie them to long-term bank.
In the division, led from the start of the year by ‘ex- CFO Tom Naratil UBS, the Swiss institute currently employs 7.145 consultants. In the future there will be between 6,500 and 7.000, a spokesman for the bank has said to Reuters.

According to the latest report, the US crude futures advanced for a third consecutive day on Wednesday, reaching new 2016 highs. The US benchmark posting a nearly 11-month closing record. On the New York Mercantile Exchange, West Texas Intermediate crude for July delivery added +0.62% and rose 87 cents, or 1.7%, to settle at $51.23-showing the highest close for a nearby contract since July 15. Meanwhile, August Brent crude, increased 0.42% the global oil benchmark, reaching $1.07, or 2.1%, to finish at $52.51 a barrel on London’s ICE Futures exchange, its highest close since October. According to the analysts, futures were affected in a positive way boosted by reports of another attack on oil facilities in Nigeria. They were also buoyed by data from an industry trade group, the American Petroleum Institute, which on Tuesday said that US crude inventories had fallen by 3.6 million barrels. Also, crude found support from continued supply disruptions, as well as China import data and a decline in crude inventories.

Still positive signs for the labor market in US, which saw yet to score a slowdown in jobless claim.

In the week to June 4, the "claims" showed a descent of 4,000 to 264,000, compared with 268,000 the previous week’s revised (267,000 the first reading). Analyst estimates were for a climb up to 270 thousand units. With this it is 66 weeks of consecutive requests to below 300,000, the longest streak since 1973.

The World Bank has cut its global economic growth forecasts and subscribed to cut forecasts operated by other supranational institutions, due to the uncertainty of the macroeconomic scenario.

The new estimate indicates an increase of 2.4% compared to 2.9% previously indicated. Growth readjusts well to the levels of 2015, and will tend to rise to 2.8% in 2017 and 3% in 2018.

The US giant telecom Verizon Communications would plan to submit a bid in the second round of 3 billion US dollars for the core business of the Internet Yahoo, according to the Wall Street Journal reported, citing a person familiar with the matter. According to the newspaper of the Big Apple, Verizon would have to meet the Monday deadline for the second round of bids.

"The monthly data on the labor market is an important indicator. We will continue to follow the trend of the labor market carefully," Yellen said, stressing that the current level of monetary policy is "appropriate to support the economy and encourage further improvements in the labor market, which will help inflation return to the 2% ".

"I still believe that rates will rise gradually over time to ensure price stability and maximum sustainable employment in the long term", Yellen highlights . "I believe that the positive forces that sustain employment growth and inflation will continue to weigh more than the negative ones. I expect the continuous economic expansion, with the labor market still improve and that GDP will grow."