Wednesday, 17 July 2019
Latest news
Home » Finance


FY2018 EPS Estimates for Hanmi Financial Corp (HAFC) Reduced by FBR & Co


A number of other institutional investors also recently modified their holdings of the stock. They now have a United States dollars 34 price target on the stock. TRADEMARK VIOLATION NOTICE: This story was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright legislation. Read More »

Economy Watch: IMF Ups Forecast for 2017 Global Growth

The forecast for growth in Nigeria this year is unchanged at 0.8%, and that for 2018 trimmed from 2.3% to 1.9%. The 2017 figure, which refers to the 2016-17 fiscal year ending in June, is lower than what the worldwide lender had expected in a report around the time Egypt accepted the loan. Read More »

May to vow end of European Union free movement into UK

May will also include pledges in her election manifesto to pull out of both the EU single market and European Court of Justice, the newspaper said. Labour is expected to be crushed by the Tories in the June election, with the latest polls showing Labour trailing by 24 points. Read More »

Australia to toughen up citizenship rules for new migrants

Applicants would be asked to demonstrate that they have integrated into Australian society, for example by joining clubs or by providing evidence that they are employed and their children are in school. The Australian government has announced changes to its current visa programs, with plans to axe the four-year 457 visa for highly skilled workers and replace it with two temporary skills visas. Read More »

53 per cent turnout in Delhi municipal polls

Millions of voters in the national capital on Sunday exercised their democratic right amid EVM glitches to pick three new municipal bodies in an election crucial for all three main contenders - the BJP, Congress and the AAP. It has given the BJP, which has been controlling the three municipal corporations for the past 10 years, only 39 seats, whereas the Congress is predicted to win eight seats. Read More »

Ontario unveils new measures to cool housing market


However, Kavcic said the impact in Toronto could be more muted than it was in Vancouver, as the tax is not coming as a surprise and there are more exemptions. Add in contradictory municipal policies that encourage higher residential densities, while simultaneously discouraging the development of multi-unit residences (apartments and townhouses) wherever there are single-family homes. Read More »

Opposition promises more public holidays in UK vote


Andrew Gwynne, the party's campaigns and elections chairman, said: "The Tories don't stand for working people, their record is one of failure and broken promises, letting ordinary people down at every turn". He has been a rebel without a cause in the Labour Party . He was immediately accused by the Conservatives of preparing to "dismantle" Britain's defences. Read More »

European stocks soar on French election result

At midday, turnout on a bright spring day was up slightly compared with the same time in 2012 - when a total 79.48 percent of the electorate cast ballots - seemingly defying forecasts of a record low participation rate. Polls have opened in France for the first round of the presidential election, in a vote that could not only have significant consequences for the country but also the future of the EU. Read More »

Ontario to place 15 per cent tax on foreign home buyers


Once legislation passes, the non-resident speculation tax would be effective retroactively to April 21. It's not created to target immigrants the premier said, so a rebate will be available for buyers who subsequently get citizenship or permanent resident status, as well as global students and foreign nationals who make the homes their primary residences. Read More »

House Oversight Committee Chair Jason Chaffetz Will Not Seek Re-Election


In his statement Wednesday, Chaffetz said he has "no doubt" his district "will be represented by a Republican". With news that popular independent Evan McMullin is now considering running for Chaffetz's seat, those involved in the GOP establishment should be concerned that Chaffetz is trying to leave sooner rather than later. Read More »

Euro steady, focus on Sunday's French presidential election

Investors have cut back on hedging positions throughout the week, with euro-Swiss franc hitting a two-week high Thursday. Heading into the weekend, the euro is lower on the day vs a majority of its G-10 peers, though it has gained about 0.8% against the dollar over the past week and is trading close to its April high. Read More »

Russia Hits 250000 Bpd Oil Production Cut Milestone

While a number of exporters have reached an initial deal to extend the curbs past June, according to Saudi Arabian Oil Minister Khalid Al-Falih, data showing rising USA output is raising concern that those cuts will be undermined. U.S. May crude fell 0.3% to $50.27 a barrel, its fourth straight loss, including Wednesday's 3.8% loss. Consensus is growing among oil producers that their supply restraint agreement should be extended after its initial six-month term, but there is no agreement ... Read More »

Chinese start-up Nio to sell first electric vehicles next year

A rebranded (and notably modified) version of the Chevy Volt plug-in hybrid (PHEV) known as the Buick Velite 5 has been revealed in concert with the Shanghai Auto Show, as expected. These models will not only be sold in China, but manufactured there as well, in part to duck under China's 25 percent import tariff. The Japanese automaker is also planning to debut a plug-in hybrid in 2018, two years ahead of schedule. Read More »

Prosecutors: Dortmund Bus Bomber Was Carrying Out Get-Rich-Quick Scheme

Dortmund defender Marc Bartra and a police officer were left injured in the triple blasts on their way to the Signal Iduna Park, with the game postponed to the next day. These 15,000 options could have been sold at a pre-determined price by June 17, with a sharp fall in the share price promising a high profit."A significant drop in the price could have been expected if, as a result of the attack, players had been seriously injured or even killed", the prosecutors said. Read More »

Power outage cripples San Francisco for hours

The outage started on Friday morning and affected as many as 90,000 customers, according to U.S. media reports , bringing the city to a virtual standstill. The outage began around 9:15 a.m. and killed traffic lights. The outage was impacting northern parts of the city, according to the city's Department of Emergency Management, and PG&E is working to restore service. Read More »

Worries over Trump policies cloud start of IMF, World Bank meetings


The new statement also dropped any mention of the threat of climate change. 'The science of climate change has not changed with a particular election, and I do not see it is going to do so in the future, ' he said in reference to US President Donald Trump and his doubts about global warming. Read More »

Samsung Galaxy S8 Plus Review: Hands On, First Impressions

It's still unclear whether Samsung will consider an Active key on the Galaxy S8 Active, in addition to the dedicated Bixby button. After Samsung previously made it clear that the reason a rear dual-camera setup route was not pursued for its Galaxy S8 , a photo of an alleged prototype has made rounds online today, showing how this year's flagship would've looked had Samsung chose to keep it in. Read More »

IMF Raises Growth Forecast for the Global Economy

Among G7 countries, the US has the highest projected growth, with increases of 2.3 per cent this year and 2.5 per cent in 2018, unchanged from the IMF's outlook in January. IMF Managing Director Christine Lagarde warned last week that a "sword of protectionism" hung over a brightening global outlook. The average price of crude oil amounted to $42.84 per barrel in 2016, reported TASS the official Russian news agency, citing the document. Read More »

Global Finance Officials Argue Benefits of Free Trade


Global trade requires "a level playing field", but it should not have any "distortive measures" or "protectionist measures going forward", she said. At the same time, Schaeuble said he opposed plans for a systemic change to taxation of companies based on their country of origin and a protectionist border tax favored by U.S. Read More »

Top NYC Officials Condemn Justice Department's Claim City 'Soft On Crime'

Here's some updates on the on tobacco market, per Bill de Blasio. "To say we're soft on crime is absolutely ludicrous". On April 21, the Department of Justice put " sanctuary cities " on notice, sending a letter to 9 jurisdictions - New York City, Chicago, New Orleans, Philadelphia, Las Vegas, Milwaukee, the entire state of California, Miami-Dade County, and Cook County, Illinois - and demanding that they comply with federal law regarding immigration. Read More »

International Monetary Fund outlook for Canada unchanged in latest analysis


In March, government also reviewed 2017 growth from the 1.7% initially announced in the 2017 National Budget to 3.7%, following a better than expected agricultural season and firming metal prices. Growth is forecast to soften in Germany, Italy and Spain, but to increase modestly in France. It sees the 19-country eurozone expanding 1.7 percent, the same as a year ago; Japan growing 1.2 percent, up from 1 percent; and China growing 6.6 percent, down from 6.7 percent in 2016. Read More »

Ontario sets tax on foreign buyers to cool housing market

The Ontario speculation tax appears similar to one British Columbia implemented in Metro Vancouver last August, when foreign nationals purchasing property were slapped with a 15 per cent levy. Today, I met with Bill Morneau, Federal Minister of Finance, and John Tory, Mayor of Toronto, to discuss new ways to collaborate to address rising housing and rent costs, and share information across jurisdictions. Read More »

USA serial killer fatally shoots himself after brief pursuit


Pennsylvania State Police said Tuesday that Stephens, 37, fatally shot himself following a nationwide manhunt. Lane was placed into protective custody while police were searching for Stephens, before at last, Stephens was found by police before taking his own life after a tense police chase. Read More »

World finance leaders grapple with globalisation fears


Critical economic issues like Indo-US Investment Initiative, Infrastructure Collaboration & NIIF, collaboration with U.S. for Smart Cities Development, etc. There is no country in the world that doesn't have any sort of provision or restriction on trade. Last month, the U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points from 0.75 to 1 percent in the first hike since U.S. Read More »

Trump won't issue drilling waivers to Russian Federation sanctions


Exxon Mobil signed an expansion of its joint venture projects anyway, even after Igor I. Sechin, Rosneft's chief executive, was personally blacklisted in connection with the sanctions. Tillerson retired as Exxon CEO at the end of past year. Progress came to a standstill in 2014, when the USA and European Union resorted to sanctions to punish Russian Federation for annexing the Crimean peninsula and backing Ukrainian separatists. Read More »

Deputy PM Şimşek meets US Treasury Secretary Mnuchin to discuss bilateral ties


World finance leaders gathered on U.S. President Donald Trump´s home turf to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration. But while acknowledging disillusionment with globalisation, Lagarde said member countries should avoid the lure of trade barriers. At a meeting last month in Baden-Baden, Germany, the G20 dropped a pledge to oppose trade protectionism amid pushback from the Trump administration, which says ... Read More »

Le Pen says will defend France against globalisation

In Sunday's first round vote, the fiercely anti-EU, anti-immigration Le Pen secured a spot in the 7 May run-off, just behind centrist Emmanuel Macron , according to several polling institutes. For France, today's results mark a political natural disaster. But there's a big difference: Le Pen's main base is among the young. An Ipsos/Sopra gave Macron 23.7 percent of the vote and Le Pen 21.7%, Reuters reported . Read More »

Pence reaffirms US-Australia alliance after earlier strain

In return, Sydney would resettle refugees from El Salvador, Guatemala, and Honduras. Saturday, Vice President Pence visited Australia, and the events of the day indicate that little will change regarding the US/Australian alliance during the Trump administration . Read More »

Centrist Macron, rightist Le Pen lead French vote

Music blared, flags waved and hundreds of people who had packed into an exhibition centre in southern Paris chanted "Macron président", a reflection of their belief that the pro-European centrist will go on to defeat Marine Le Pen in the second round in a fortnight's time. Read More »

Canada's dairy measures a 'disgrace'

Canada exported about $113 million worth of milk to the USA a year ago but imported $557 million, meaning a dairy dispute would hurt the US more than Canada. Trump also spoke more broadly about how the North American Free Trade Agreement was a "disaster for our country", according to CNN . Freeland said that Canada buys more from the US than any other country, including the European Union, Mexico, China and Japan and that nine million jobs in the USA depend on trade and investment with ... Read More »

Stockholm attack suspect will plead guilty, his lawyer says


After reporters were let back in, the judge, Malou Lindblom, announced that she had ordered Akilov held until May 11, citing the risk that he might disappear, damage evidence or "continue with criminal activity". He had gone underground after his application for Swedish residency was rejected previous year, police said. Akilov had requested that Mr Eriksson, his state-appointed lawyer, be replaced by a Sunni Muslim. Read More »

Tight, tense French presidential vote echoes around world

An Ipsos poll of the second round of the French elections has Macron winning 62 percent against Le Pen's 38 percent. Polls have consistently suggested Mr. His deregulation policies, she said, would lead to unjust global competition against France's business interests, mass immigration and free movement of terrorists. Read More »

Theresa May accused of 'opportunism' over election by EU Brexit negotiator


The document did not say how much the Brexit settlement might cost but European Union officials have previously said it could be as much as 60 billion euros, sparking howls of outrage in London , which puts the figure nearer 20 billion. But analysts say that Chester, an increasingly affluent pocket of Labour's north-west heartland, is deeply vulnerable. So he, like Mr Day, must be confident he will retain his seat after June 8. Read More »