Sunday, 20 August 2017
Latest news
Home » Finance

Finance

Malaysian Fund Tied to Scandal Misses Payment to Abu Dhabi

perth_map

As part of the agreement, 1MDB and Malaysia's Ministry of Finance will assume responsibility for all future interest and principal payments under two bonds worth US$3.5 billion in total. and 1MDB to remedy their non-payment before MOF Inc. and 1MDB become subject to additional obligations to IPIC and Aabar", Mubadala said. 1MDB's rationalisation plan involves, among others, a "debt for asset swap" with IPIC, the sale of Edra Global Energy Bhd to China General Nuclear Power Corp for RM9.83 ... Read More »

Boeing, US Air Force Confirm New Air Force One Negotiations

perth_map

Speaking on condition of anonymity, a source close to the deal told AFP that Boeing is set to sell a pair of 747-8 jetliners to the Air Force. In a statement, Air Force spokeswoman Ann Stefanek said, "We're working through the final stages of coordination to purchase two commercial 747-8 aircraft and expect to award a contract soon". Read More »

The Time Warner (TWX) Earning Positive News Coverage, Accern Reports

OZ Management LP now owns 6,243,467 shares of the media conglomerate's stock valued at $610,049,000 after buying an additional 3,093,353 shares during the last quarter. On average, analysts anticipate that Time Warner Inc. will post $6.04 EPS for the current fiscal year. Scotia Capital maintained Magellan Health Inc (NASDAQ:MGLN) rating on Tuesday, August 11. Read More »

Beijing hits back at Trump criticism over N Korea

perth_map

On Sunday, North Korea said it will "respond with firm action" if the USA continues to pursue sanctions against it, according to KCNA, quoting a foreign ministry spokesman. Earlier in July, the US led its first THAAD test against a long-go transitional range ballistic rocket like the sorts being tried in North Korea. "North Korea remains the most urgent threat to regional stability", said Air Force Gen. Read More »

Pitney-Bowes Announces 21% Fall In Q2 Earnings

Credit Agricole S A increased its stake in shares of Pitney Bowes by 52.0% in the fourth quarter. The biggest institutional shareholders in Pitney Bowes Inc . Analyst research firms are expressing bullish stance on Pitney Bowes Inc . During the same quarter previous year, the business earned $0.39 earnings per share . Read More »

Dow's Big Day Ends With Record and Best Monthly Gain Since February

perth_map

Looking further at additional technical indicators we take note that 14-day Commodity Channel Index (CCI) for SPDR Dow Jones Industrial Average ETF Trust ( DIA ) is sitting at 180.88. A downwardly revised full-year revenue forecast and round of bearish brokerage notes is weighing on the streaming music stock, though, with Pandora shares set to open 2.8% lower. Read More »

MGM Resorts International (MGM) Shares Bought by Patriot Wealth Management Inc

perth_map

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. It is positive, as 31 investors sold MGM Resorts International shares while 121 reduced holdings. MGM Resorts International was covered by a number of analysts recently, 7 rated the stock as Buy, 0 rated Hold, 0 rated sell and 0 gave an Underperform. Read More »

The Goldman Sachs Group Inc. Buys 117062 Shares of Shopify Inc. (SHOP)

perth_map

Several other equities analysts also recently commented on the stock. Hedge funds and other institutional investors have recently bought and sold shares of the company. The business had revenue of $151.70 million for the quarter, compared to analysts' expectations of $143.94 million. Shopify had a negative return on equity of 11.26% and a negative net margin of 9.01%. Read More »

Kohli's team set to play 23 matches between Sep-Dec

Three Tests , 11 ODIs and nine T20 Internationals. Board of Control for Cricket in India (BCCI) Acting Secretary Amitabh Choudhary on Tuesday said Sri Lanka's tour of India had to be advanced because of the Independence Cup the island nation is set to host next year. Read More »

DryShips Inc. (NASDAQ:DRYS) Tumbles -9.17% in pre-Market Trade

perth_map

Yet another important factor while evaluating a good buy/sell decision for Fiat Chrysler Automobiles N.V. ( FCAU ) is its Earnings per Share or EPS. The 5 months bullish chart indicates low risk for the $18.47B company. The business had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. Read More »

Tesla Delivers First Lower-Cost Model 3 Cars

Tesla co-founder and CEO Elon Musk was asked on Twitter if Tesla intends to launch a performance version of the Model 3 at some point. The market seems to be taking the comments from Einhorn on Tesla Model 3 to heart. That makes the 3 a hugely significant vehicle, not just for the rest of the world, but for Bangladesh as well. "If you're trying to make a difference in the world, you also need to make cars people can afford". Read More »

BP Q2 Profit Slumps As Write-downs Weigh

perth_map

Its net debt deepened to more than $39 billion in the second quarter, compared with about $30 billion in the same period past year, because of such payments, BP said. Like peers Exxon Mobil Corp. and Royal Dutch Shell PLC, BP has moved to ramp up production through relatively low-priced projects that make money at depressed crude prices. Read More »

Stock Popping Higher Pre-Market: Royal Caribbean Cruises Ltd. (NYSE:RCL)

perth_map

Royal Caribbean Cruises Ltd (NYSE: RCL ) has risen 38.22% since August 1, 2016 and is uptrending. The business's revenue for the quarter was up 4.7% compared to the same quarter a year ago. had its "buy" rating reiterated by analysts at Berenberg Bank. Last year, US GAAP Net Income was $229.9 million or $1.06 per share and Adjusted Net Income was $235.2 million, or $1.09 per share in 2016. Read More »

Bristol-Myers Squibb Company

perth_map

It has underperformed by 19.46% the S&P500. On average, equities analysts predict that Bristol-Myers Squibb Company will post $2.96 earnings per share for the current fiscal year. It dropped, as 86 investors sold BMY shares while 529 reduced holdings. 112 funds opened positions while 441 raised stakes. Montecito Savings Bank Trust has 26,597 shares. Read More »

GM's sale of Opel to France's PSA Group is complete

perth_map

At the time, Vauxhall/Opel said his appointment would "ensure continuity for the business and its stakeholders as well as a seamless managerial transition with the priority task to build the new strategic plan for Opel". However, although GM is selling Vauxhall-Opel, it still plans to collaborate with its former European division on future models for the Buick and Holden brands, plus future electric cars. Read More »

See Samsung's new flip phone powered on for the first time

perth_map

The leaked images show that the flip phone will be featuring two screens similar to its predecessor. There is no information available on the release date of the SM-G9298. Case Samsung W2018 made of metal and carries the camera to 5 MP for the front and 12 MP for the main, two slots for SIM-cards, microSD slot, LTE module and other wireless modules. Read More »

New Residential Investment Corp. (NRZ) Posts Earnings Results

Blackrock Fund has invested 0.04% in New Residential Investment Corp (NYSE:NRZ). It worsened, as 24 investors sold NRZ shares while 69 reduced holdings. from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a report on Wednesday, April 5th. The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Read More »

Sohu.com Stock Hits New Highs After Earnings

perth_map

Wang said Sogou is the only company able to challenge and even reshape the search business landscape in China as its second quarter revenue jumped 20 per cent year on year to US$211 million, outpacing the entire industry. 04/18/2017 - Benchmark began new coverage on Sohu.com Inc. giving the company a " rating. JP Morgan both downgraded the stock and lowered the price target on February 24 changing the price objective from $75.00 to $50.00 and changing the rating from "Neutral" to ... Read More »

Kite Realty Group Trust (KRG)

perth_map

Kite Realty Group Trust (NYSE: KRG ) is an interesting stock at present. It has underperformed by 23.89% the S&P500. On Friday, September 4 the stock rating was upgraded by Zacks to "Hold". Barclays Capital has "Underweight" rating and $10 target. Goldman Sachs upgraded the shares of EDR in report on Thursday, September 10 to "Neutral" rating. Read More »

Arvind Panagariya Profile: From Academician to Niti Aayog Vice Chairman And Back

perth_map

He, has, however told the Prime Minister that he would be available for serving the nation in anyway possible while continuing his academic assignment. A former Chief Economist of the Asian Development Bank, the 64-year-old had also worked with the World Bank, IMF and UNCTAD in various capacities. Panagariya has authored more than 15 books, including the most recent "Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries", with Jagdish ... Read More »

Lumber Liquidators Holdings, Inc (NASDAQ:LL) To Report Earnings

perth_map

For the quarter ending Dec-17, 9 analysts have a mean sales target of 260.92 million whilst for the year ending Dec-17, 10 analysts have a mean target of 1,026.00 million. "Has $340,000 Position in Lumber Liquidators Holdings, Inc (LL)" was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another website, it was copied illegally and republished in violation of global trademark and copyright laws. Read More »

Safeway brand to appear once again across hundreds of United Kingdom newsagents

perth_map

New Safeway products have been in development since the end of 2016 when Morrisons relaunched the brand as a range for wholesale to independent retailers. The remainder of the estate, the 298 stores it snapped up from the Co-op, will be "migrating in due course". Morrisons has announced a new, long-term wholesale supply deal with convenience store chain McColl's. Read More »

AA shares plunge as boss is fired for 'gross misconduct'

perth_map

The company, as previously disclosed, reiterated that it is in the process of splitting the combined roles of executive chairman as the company nears the end of the transformation programme. The company said it delivered a "robust performance" in the period, with membership to be "marginally" up year-on-year. AA said its in-house underwriter has continued to perform ahead of expectations with 220,000 policies underwritten in its first 18 months. Read More »

Maruti drives July's auto sales surge

perth_map

For Toyota, July was a strong month, especially after it reported very weak sales in June as its wholesale was impacted by the incoming GST . India's largest vehicle maker Maruti Suzuki reported solid growth of 20.6 percent in July sales, which was far ahead of analysts' estimates. Read More »

Fiat Chrysler Automobiles NV (F) Receives Consensus Recommendation of "Hold" from Brokerages

perth_map

Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company's stock valued at $1,123,000 after buying an additional 400 shares in the last quarter. Fiat Chrysler Automobiles N.V. Analysts expected every major automaker to tally a decline for last month compared with July 2016, one of the strongest months in what turned out to be a record year. Read More »

Mary Berry back to judge a new TV cooking show

perth_map

On Britain's Best Cook , Berry will work alongside another judge, though the person filling that role hasn't been named. The eight-part series will focus largely on the major dishes that have come to "define modern British home cooking", alongside well-loved classics; so expect the likes of pork crackling, chicken pie, and chocolate pudding. Read More »

16-year-old class 12 boy bags 1.4 crore offer from Google

perth_map

Since the age of 10, I used to do graphic design as I was inspired and trained by my uncle Rohit Sharma. He said he went through an online interview after which he was selected for the priced job. Harshit lived with his uncle during the school time at Dera Bassi in the Mohali district, Punjab. "His feat will act as a morale booster for other students", The Indian Express quoted Indra Beniwal, the principal of Harshit's school. Read More »

AstraZeneca's Imfinzi gets Breakthrough Therapy Designation from FDA

perth_map

The agency based the designation on interim results of the randomized phase 3 PACIFIC trial. Imfinzi has already been approved for the treatment of bladder cancer. The acalabrutinib development programme includes both monotherapy and combination therapies for a broad range of blood cancers and solid tumours. About AstraZeneca in Oncology AstraZeneca has a deep-rooted heritage in Oncology and offers a quickly growing portfolio of new medicines that has the potential to transform ... Read More »

Sprint posts first profit in three years and customer gains

perth_map

One week after that move, Virgin Mobile, Sprint's prepaid offspring, doubled down with a year of service for $1 and a decision to offer only Apple iPhones. Sprint achieved almost $370 million of combined reductions in cost of services and SG&A expenses in the quarter, bringing the total reduction during the last nine quarters to almost $4 billion. Read More »

Chelsea Handler vs. Tomi Lahren gets ugly at Politicon

perth_map

Tomi Lahren is famous because she talks really fast when she says dumb racist and homophobic things. And to Handler's credit, that was exactly how she presented it, saying, after introducing Lahren, that she was interested in speaking with her because, "you're very opinionated and I like any woman who's very opinionated, especially if you believe what you're saying". Read More »

Resolution talks at Bank of England begin amid pay strike threat

perth_map

Around 50 strikers mounted a picket line outside the Bank's head office, wearing Mark Carney masks, and held up placards and flags reading " Bank of England staff want fair pay". Kavanagh said Carney should meet the protesters to explain "why hardworking men and women deserve to face years of pay cuts". "They are struggling to pay their bills and feed their families because the bank has unjustly imposed a below inflation or zero pay rise". Read More »