Sunday, 20 August 2017
Latest news
Home » Finance

Finance

Trump to welcome India's prime minister to White House

Given both India and US's not-so-friendly ties with China, Beijing's growing influence in Asia could be a point of discussion between Narendra Modi and Donald Trump . U.S.is seeking stronger Indian protection of intellectual property rights, reductions in tariffs and narrowing of the $30 billion trade deficit. Ashok Sajjanhar, a former Indian diplomat, said that India is hopeful but apprehensive. Read More »

Federal Reserve Moves Interest Rates Higher

perth_map

The 10-year Treasury note TMUBMUSD10Y, +1.39% ticked up 1.1 basis point to 2.149% point, compared with 2.138% late Wednesday in NY, which marked the lowest yield for the benchmark note since November 10. Fed officials are wrapping up their two-day June meeting. However, with the economy in the USA much more improved at this time, it does not need as much monetary help from the Fed. Read More »

Durable Goods Not So Durable in May

perth_map

The consensus estimate from Bloomberg was -0.4%, but on top of this reading came a revision for April to -0.9% ($230.7 billion) from the preliminary -0.7% reading. US manufacturing has struggled to gain its footing this year. The U.S. dollar was trading lower against a basket of currencies. Both these components are important inputs to the BEA's estimate of equipment investment in GDP, and the core data is viewed as consistent with weak business investment in the second quarter, noted Barclays ... Read More »

Amazon to Enter Grocery Business with Whole Foods Purchase

He didn't use that phrase per se when describing the deal to employees at a town hall on Friday, but he might as well have: If you read the transcript of his remarks, which Whole Foods included yesterday in a new SEC filing, his praise of Amazon sounds more like a man toasting his fiancée at their engagement party. Read More »

Pandora CEO Tim Westergren to step down

perth_map

A source told the publication that the company has not found a new CEO and Westergren will likely stay on until a replacement is lined up. SunTrust Robinson Humphrey's Mathew Thornton says that although Westergren's decision is "not a big surprise", the timing is: "We had expected management change post the close of the [SiriusXM] investment" which is supposed to take place late this year. Read More »

JD Wetherspoon plc (JDW) Insider Ben Whitley Purchases 15 Shares

The stock decreased 1.21% or $0.9 during the last trading session, reaching $73.2. Anglo American plc (LON:AAL) has 0.00% since June 22, 2016 and is. It has underperformed by 114.74% the S&P500. As per Monday, October 26, the company rating was maintained by JP Morgan. The company was upgraded on Tuesday, February 23 by Liberum Capital. As per Wednesday, March 8, the company rating was maintained by Liberum Capital. Read More »

Uber CEO Stepping Down Amidst Company Turmoil

Yet while Kalanick's vision and drive are credited with building Uber into a global concern with a valuation of more than $70 billion, his management style also is blamed for a string of strategy errors and a boorish work culture. The list includes CEO, chief operating officer, general counsel, senior vice president of engineering, chief marketing officer and board chair. Uber promises more improvements over the course of the next six months. Read More »

Air bag maker Takata files for bankruptcy in Japan and US

Takata - which had been accused of hiding the problem for years along with its major automaker customers - agreed this year to pay a billion-dollar fine to settle with United States safety regulators. The Japanese government has said it's focused on completing the recall process and ensuring there's no disruption of the supply chain. His family - which still has control of the 84-year-old company - likely would cease to be shareholders. Read More »

The Hain Celestial Group, Inc. (HAIN) Shares Gap Down After Earnings Miss

perth_map

It has underperformed by 1.19% the S&P500. Hain Celestial has been mired in a bearish trend and it appears the the bears used yesterday's strength as an opportunity to sell into strength, something that is likely to continue. The Hain Celestial Group has an average rating of "Hold" and a consensus target price of $42.50. Therefore 58% are positive. The stock of Goldman Sachs Group Inc (NYSE:GS) earned "Neutral" rating by Guggenheim on Thursday, October 20. Read More »

Astros hit 3 HRs, finish winning trip by beating Seattle 8-2

perth_map

Hinch said of his bullpen. "Obviously, it's big to get a series win against these guys on the road, the way they've been playing, but we needed all of our guys to step up". Houston Astros Josh Reddick celebrates in the dugout after his two-run home run against the Seattle Mariners during the third inning of a baseball game Saturday, June 24, 2017, in Seattle. Read More »

Pot has increased crashes in OR, CO, WA, says insurance study

The American Journal of Public Health study "Crash Fatality Rates After Recreational Marijuana Legalization in Washington and Colorado ", by Jayson D. Data published late last week revealed insurance claims have gone up almost three percent in Colorado , Washington , and OR since recreational cannabis became legal , per researchers with HLDI . Read More »

Oil Falls Against Heavy Supply, Surprising Analysts

In its first forecast for 2018, the International Energy Agency said Wednesday it expected countries outside the cartel to increase production by about 1.5 million barrels per day, outstripping the growth in global demand. Oil prices climbed up on June 16 but remained near six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets. Read More »

Morgan Sindall Group PLC (MGNS) Insider Sells 13174 Shares of Stock

NPTN's SI was 6.38 million shares in June as released by FINRA. The SI to Neophotonics Corporation's float is 20.23%. Winslow Evans Crocker accumulated 4,380 shares or 0% of the stock. The company was maintained on Thursday, October 22 by Credit Suisse. Liberum Capital maintained the stock with "Buy" rating in Tuesday, May 23 report. Read More »

Argus May Have Just Upped Their Stakes in Oracle (NYSE:ORCL)

This represents a $0.76 annualized dividend and a yield of 1.49%. About 153,697 shares traded. Oracle Corporation (NYSE:ORCL) yearly performance is 25.72% and net profit margin is 23.80%. Oracle had 54 analyst reports since July 30, 2015 according to SRatingsIntel. Citigroup has "Neutral" rating and $41 target. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, September 30. Read More »

Air bag recalls, lawsuits lead Takata to file for bankruptcy

Fallout from the bankruptcy filing came swiftly from the Tokyo Stock Exchange , which said it was stopping the company, founded in 1933, from trading from Tuesday. That's what attracted Key Safety Systems , which is owned by China's Ningbo Joyson Electronic Corp. The challenges for the acquirer are manifold. Read More »

England captain Eoin Morgan rested for T20 decider against South Africa

perth_map

England limited overs captain Eoin Morgan insisted he had done the right thing for the team's "development" by dropping himself for the third Twenty20 worldwide against South Africa at Cardiff on Sunday. However, the 20-year-old showed admirable confidence as he continued to toss the ball up and was rewarded when he drew an error out of the tourists' skipper, who slapped the ball to Alex Hales on the deep square leg boundary. Read More »

What next for airbag maker Takata after bankruptcy filing?

Takata recently pleaded guilty in a USA court to criminal charges for its handling of the scandal, agreeing to pay $1 billion in penalties, including the fund for people injured as a result of the fiery shrapnel hurled from its air bags. That settlement will speed the removal of faulty inflators from 15.8 million vehicles and compensate consumers for economic losses, Prieto said. In a press conference on Monday, he apologised and promised to resign after a new management team takes over. Read More »

Investors cut bets on Brent crude rally, raise bets against

perth_map

LONDON, June 26 (Reuters) - Oil edged up for a third straight session on Monday, climbing off last week's seven-month lows but with gains capped by the relentless rise in US supply and bloated global inventories. "I suspect short-covering", said Ric Spooner, chief market analyst at CMC Markets in Sydney. A weaker dollar also makes oil cheaper for countries using other currencies. Read More »

Amazon Buys Whole Foods

perth_map

But online delivery of groceries has been tough to pull off. The move has already sent ripple effects through the supermarket industry as competitors will now have to face Amazon's very big buying power and ability to sell products at a lower price. Read More »

PM invites US CEOs to invest in India

perth_map

While Indian firms and techies are often criticised for the loss of investments and job opportunities in US, Modi in the piece has subtly said that the Indian firms and investment are key for the rejuvenation of US industrial power. "I think that the U.S. really appreciates India, and I think that President Trump realises that India has been a force for good in the world and that it's a relationship that's important". Read More »

3 people, including 2 children, killed in Mississauga crash

perth_map

Two adults and one other child were injured in the crash and taken to hospital. Two boys, aged four and 12, traveling in a vehicle with three other passengers were transported to hospital but later died. Peel Regional Police are investigating the crash and have asked anybody with information on the crash to speak with them. "I anticipate we will have witnesses", he said. Read More »

United Kingdom accepts EU's timetable for Brexit negotiations

The Prime Minister will brief European counterparts at a summit meeting before the Government sets out detailed plans on Monday. Reflecting confusion on the continent about what kind of Brexit she will ask for, Tusk said ahead of a separate meeting with May: "We can hear different predictions, coming from different people, about the possible outcome of these negotiations: hard Brexit, soft Brexit or no deal". Read More »

Slumping oil prices rein in stock indexes

perth_map

The Standard & Poor's 500 index rose 20.31 points, or 0.8 percent, to 2,453.46 and surpassed its old record, set almost a week ago, by half a percent. Oil's slide a day earlier yanked energy stocks lower, which in turn pulled the S&P 500 back from its record high. SLIDING PROFIT POTENTIAL: The price of oil has now dropped more than 20 percent since late February, breaking into what traders call a "bear market". Read More »

CWS FINALS: Things to know as LSU, Florida play for title

perth_map

Game 2 is slated for 7 p.m. Tuesday and a third game, if necessary, would unfold starting at 7 p.m. Wednesday. He's the first player ever to hit two home runs - from either side - in a single game in TD Ameritrade Park and the first since at least 1999, which is how far back the records go. Read More »

Boeing Shows Off New 737 At Paris Air Show

perth_map

The A321 is larger than any previous member of the 737 family, an important gap in the minds of some airlines that the larger-capacity MAX 10 is meant to address. But Boeing generated a burst of activity at the Paris Airshow by launching the 737 MAX 10 to plug a gap in its portfolio at the top end of the market for single-aisle jets following runaway sales of the rival Airbus A321neo. Read More »

Italy giving 5.2B euros in resources to keep 2 banks open

The two banks are based in the northeast Veneto region, one of Italy's most economically productive. The two banks' liquidation will include the creation of a "good bank", which will be bought by Italy's leading lender Intesa Sanpaolo , and a "bad bank", which will assume the two banks' bad loans and soured assets. Read More »

Federal Reserve Raises Rates, What's the Impact on Asian Assets?

perth_map

In her press conference after the announcement, Fed Chair Janet Yellen asserted that US economic growth appears to have rebounded enough to justify both higher rates and a return of Fed-held assets to the wider market. It was a signal the Fed believes the economic slowdown over the winter was temporary. They forecast US economic growth of 2.2 percent in 2017, an increase from the previous projection in March . Read More »

Record Plc (REC) Insider Buys 537 Shares of Stock

perth_map

The stock decreased 0.45% or $0.71 during the last trading session, reaching $157.4. It has outperformed by 17.66% the S&P500. Another trade for 9,691 shares valued at $516,977 was made by Coker R. The rating was maintained by BWS Financial with "Buy" on Wednesday, November 11. The stock of Marston's PLC (LON:MARS) earned "Buy" rating by Beaufort Securities on Thursday, May 19. Read More »

It's Too Hot For Some Planes To Fly In Phoenix

John Hansman said. Some of the highest temperatures in the Southwest are in Arizona . Most of the nearby cities in the region would face temperature up to 110 degrees, while the problem arises in the places where the temperature is more than 120 degrees, and Phoenix will be the first to face that rage from nature. Read More »

Russian billionaire to buy Holland & Barrett

perth_map

Holland & Barrett had also attracted interest from Hong Kong-based AS Watson, the largest health and beauty retailer in Asia and the owner of Superdrug, Perfume Shop and Savers in the UK. The firm's advisory board includes Karl-Heinz Holland, who served eight years as chief executive of Lidl , and John Walden, a former boss of Home Retail Group. Read More »