Sunday, 26 May 2019
Latest news
Home » Finance


58 people missing and presumed dead in London fire

Facing fierce criticism over its response to London high-rise inferno, the British government has sent its staff to assist local council authorities in rehabilitation of victims of the deadly blaze that claimed at least 58 lives and rendered hundreds homeless. Read More »

Mali security minister: 4 jihadis killed in resort attack


There were three or four assailants, according to the Associated Press . There was no immediate information on the nationality of the hostages released. Since the French pushback of rebel fighters and Islamic extremists in the north in 2013, Mali's security has slowly but steadily worsened. Sunday's attack is the latest in a series of high-profile assaults in north and and west Africa, targeting locals and tourists. Read More »

Brooks Koepka wins 2017 US Open at Erin Hills

It capped quite a journey for the 27-year-old Floridian. Jordan Spieth was never a factor, but admitted in a post-round interview the "general consensus" was that the players "really liked" the golf course. Wild drives were punished, as they should be. He called it one of his best shots of the week. For once, the USGA managed to get it right. He joined McIlroy (2011 at Congressional) and Tiger Woods (12-under at Pebble Beach in 2000) as the only players to win a U.S. Read More »

Marks & Spencer Group (LON:MKS) Broker Roundup

The stock's market capitalization is 1.26B. Marshall Wace Llp owns 0.01% invested in Centrica PLC (LON:CNA) for 50,787 shares. Vanguard Group Inc reported 49,467 shares. Liberum Capital has "Buy" rating and GBX 5500 target. The stock of Whitbread plc (LON:WTB) has "Outperform" rating given on Tuesday, November 1 by Davy Research. Read More »

Hype builds for Paris Air Show

In an Associated Press interview at the opening Monday of the Paris Air Show , a senior F-35 Air Force administrator, Brigadier General Select Todd Canterbury, said the daily displays of the new jet are to showcase its abilities and "reassure (allies) that we are committed to North Atlantic Treaty Organisation 100 percent and that we have got the capability to respond to any action necessary". Read More »

Oscar's kicks spark on-field tussle in Chinese Super League


The Guangzhou players angered by Oscar's action surround the player before his Shanghai team-mates entered the fray as punches were thrown and both benches joined in the ugly scenes. R&F apologised after the home side racked up five yellow cards in addition to the one red. After setting up compatriot Hulk for an equaliser midway through the first half, Oscar appeared to lose his composure just minutes later - firing the ball not once, but twice into an opponent as the half was about to ... Read More »

USA crude stockpiles dip, gasoline builds unexpectedly

If the shale boom had continued, with USA production growing at more than 1 million bpd per year, OPEC's share would have fallen even further in 2015 and 2016 ( Crude edged higher on Friday, but prices remain near November lows, as rising USA output is countering production cuts agreed to by OPEC members. In a report on Wednesday, the International Energy Agency said rising US output will contribute to supply growth exceeding demand growth in 2018. Read More »

Trump right to make Cuba pay for its intransigence


The officials argued that the new policy will fulfill a campaign promise and reverse Obama-era policies that the Trump administration argues have appeased and "enriched" the Cuban military regime. -Cuba commercial flights, though Trump's more restrictive policy seems certain to dampen new economic ties overall. It will not alter the USA trade embargo, which can only be lifted by Congress. Read More »

Boeing, CDB Aviation Lease Finance Sign Commitment for 737 MAX, 787 Dreamliners

BOC Aviation, the Hong Kong-listed aircraft leasing arm of Bank of China Ltd., will buy the Boeing 737 MAX 10 jets after securing internal approvals, Boeing said in a statement. "This is another demonstration of the popularity of our latest, fuel efficient 737 MAX and 787 airplane models". GE Capital Aviation Services (GECAS), part of General Electric, announced a purchase of 20 of the Boeing 737 MAX 10 aircraft, which will seat up to 230 people. Read More »

North Korea test-fires four anti-ship missiles


Seoul and Washington were analyzing the launches for further information, South Korean officials said. Meanwhile, South Korea suspended temporarily the further deployment of the advanced USA missile defense system known as THAAD over certain bureaucratic irregularities surrounding its installation. Read More »

Snubbed Over Bhagwat, Shiv Sena Suggests Swaminathan For President

The BJP Parliamentary Board, the party's highest decision-making body, will meet on Monday to take a decision on its presidential nominee. Apart from Uddhav, Shah's closed-door meeting in Matoshree, the Thackeray home in suburban Bandra, also included CM Devendra Fadnavis and Uddhav's son Aaditya Thackeray. Read More »

UK royals hold London fire minute of silence

Police had previously put the death toll at 30. She also met victims of the fire in Downing Street. Earlier on Saturday, Queen Elizabeth II and Prince Philip observed a moment of silence to honor the victims. Police would " look into what criminal offences may have been committed ", he said, without giving details of who police suspect may be to blame for the fire, or what kind of offences they are investigating. Read More »

London protesters demand answers over fire tragedy


The announcement comes as the government is accused of failing to improve fire safety in buildings, like Grenfell Tower , despite warnings. The public is also demanding answers about how the blaze spread so quickly amid reports that the recently-renovated building's exterior paneling fueled the flames. Read More »

Can Amazon persuade enough people to buy fresh food online?

But Whole Foods customers are loyal, and some shoppers are excited about Amazon's purchase. Amazon is buying Whole Foods in a deal valued at about $13.7 billion. Shares of Whole Foods rose 29 percent, to $42.68, above Amazon's offered price. Amazon also has been testing automation technology at a Seattle convenience store that's now open only to Amazon employees. Read More »

30000 from Andhra Pradesh for UPSC Prelims today


UPSC civil services answer key 2017 will be released for both papers I and paper II. Each paper was 2 hours long. The Preliminary Examination consisted of two objective type papers carrying a maximum of 400 marks. The shortlisting of the candidates for the main exam will be based on the performance in the Prelims. Meanwhile, some coaching institutes will also release the answer keys. Read More »

Euro zone yields off lows as U.S. policymakers hike rates again


It's either that the recent wobble in economic data is temporary and the next two months should prove it, or the Fed wants to have enough tools in case the economy fell into a new recession. economy's relatively strong performance, in comparison with the U.S. or Europe. "There is a lot to digest, and even some apparently conflicting signals, such as the fact that the Fed revised its own inflation outlook slightly down and yet kept its intention to raise rates again this year", said ... Read More »

'Further expenses' will be covered for Grenfell Tower victims, Government vows


The PM was criticized by locals, fellow politicians and the public at large for only meeting with emergency services personnel and not showing her face in any of the rescue centers. Dr Tomlin said he believed residents left the meeting feeling "reassured that they were listened to". Also on Friday, the Queen and the Duke of Cambridge met volunteers, local residents and community representatives while visiting Westway Sports Centre, near the charred remains of the tower block in north ... Read More »

How Many Marks and Spencer Group Plc (LON:MKS)'s Analysts Are Bearish?

The stock's market capitalization is 780.12M, it has a 52-week low of 102.00 and a 52-week high of 260.31. Renew Holdings plc operates as a contractor in engineering services and specialist building. About 186,295 shares traded. It has underperformed by 16.70% the S&P500. The stock decreased 0.12% or $0.05 during the last trading session, reaching $43.11. Read More »

UK's May confident on power-saving deal

The move came as a senior Conservative source said talks with the DUP on a deal to prop up a minority Tory administration were "progressing well" with "broad agreement" on the principles of the Speech, setting out the Government's legislative programme for the coming year. Read More »

Euro zone yields off lows as US policymakers hike rates again


Futures pointed to a mixed open for Asian equities after the U.S. Federal Reserve raised interest rates for the second time this year, as was widely expected by markets. A retreat in inflation over the past two months has caused jitters that the shortfall, if sustained, could alter the pace of future rate hikes . Read More »

Liontrust Asset Management PLC

It has underperformed by 16.70% the S&P500. Rdl Financial Inc decreased Glaxosmithkline Plc (GSK) stake by 23.64% reported in 2016Q4 SEC filing. Lagoda Investment Management Lp sold 11,474 shares as Novo (NVO)'s stock rose 15.20%. The stock has "Buy" rating by Jefferies on Wednesday, July 29. Analysts await GlaxoSmithKline plc (ADR) (NYSE:GSK) to report earnings on July, 26. WMB's profit will be $129.96M for 45.27 P/E if the $0.16 EPS becomes a reality. Read More »

Koepka wins US Open

England's Tommy Fleetwood finished on his own in fourth on 11-under to record his best finish in just his seventh major championship. Harman closed with two birdies and three tough pars for a five-under 67 that gave him a one-shot lead at 12-under 204. Read More »

Amazon's $14-Billion Grocery Deal a 'Threat' to Food Retailers

Amazon , which is sitting on US$21.5 billion in cash, has recently begun experimenting with bookstores and a small grocery but this is by far its most ambitious move into physical retail. "It's pharmacy. It's having the ability to put stores that are similar to Apple stores inside Whole Foods ", he said. "Large grocery stores like Kroger and Albertsons will be especially affected", said Madeline Hurley, senior analyst at IBISWorld . Read More »

US Oil Prices Tumble Below $45 After Surprise Build in Gasoline Inventories

Oil prices have been under pressure in recent weeks as concern over rising USA shale output offset production cuts by OPEC and non-OPEC members. It is important to note that gasoline stockpiles rose by a surprising 2.1 million barrels (considering the decline), compared to an expectation of 457,000 gallon drawdown as, it seems, Americans are spending more time traveling to vacations within North America. Read More »

Britain eyes Brexit deal 'like no other in history'

The Government said its primary focus is on the rights of European Union citizens living in the United Kingdom and Brits living on the continent. But Monday's talks will seek mainly to tie down the timing, with the European Union suggesting monthly cycles over the summer . Read More »

Baby born on Jet Airways bags free air tickets for life


The plane landed in Mumbai and both the mother and the newborn were rushed to a hospital. Jet Airways also informed Jose's family, who are rushing to Mumbai . While the plane was still over the Arabian Sea she was helped by crew members and a nurse travelling to Kerala to deliver a baby. This isn't the first baby born mid-air recently either - a traveller went into early labour onboard a Turkish Airlines flight between Istanbul and Burkina Faso in April. Read More »

Uber CEO Travis Kalanick Will Take an Indefinite Leave of Absence


Kalanick's announcement comes on the same day Uber will discuss the findings from a probe into the company conducted by former attorney general Eric Holder , whose law firm Covington & Burling LLP was brought in to examine the company's culture amidst allegations of discrimination and sexual harassment. Read More »

Qatar goes ahead with $12bn USA fighter jet deal despite Trump's criticism

In the midst of a burgeoning crisis in the Middle East, the president is condemning Qatar for allegedly funding terrorism , while Trump's Pentagon sells Qatar billions of dollars in fighter jets. " Qatar long has wanted to make itself a particularly important ally for America where it can", Roberts said, referring to the host of the 2022 FIFA World Cup. Read More »

Verizon completes $4.5bn acquisition of yahoo

The first big bombshell is that Yahoo CEO Marissa Mayer-who's led the company for five years-has chosen to step down rather than remain CEO of the pieces of Yahoo that aren't being sold to Verizon, according to a regulatory filing from Monday . Read More »

DC, Maryland Suing Trump Over Foreign Pay

The lawsuit said heavy spending by foreign diplomats and embassies at the Trump International Hotel just a few blocks from the White House , payments made by foreign entities at his Trump Tower and Trump International Tower in NY, and other business operations effectively violate the US Constitution's ban on presidents enriching themselves while in office. Read More »

Hammond Pours Cold Water on Hopes of Soft Brexiteers


Days after a suggestion from French President Emmanuel Macron that Britain could still choose to remain, Davis said there would be no backtracking from Prime Minister Theresa May's plan to deliver on Brexit, for which Britons voted in a referendum nearly a year ago. Read More »