Friday, 20 October 2017
Latest news
Home » Markets

Markets

Trump defers to Mattis on torture

Defense Secretary James Mattis is quickly taking charge of a Pentagon review to determine specific options to propose to Trump to accelerate the war against ISIS. Commenting on relations with Russia, Trump said it is too early to determine if Washington would lift its economic penalties related to Moscow's violations of Ukraine's sovereignty, but he said he is "all for" better ties U.S. Read More »

Alphabet delivers mixed fourth quarter

If you feel that Google claims all the eggs in the Alphabet basket, that is still true as the search division generated the bulk of the company's $26.06 billion revenue for the fourth quarter of 2016. That sounds like an wonderful performance but investors were not thrilled - Alphabet shares were down 2% in January 27 pre-market trading. "The core of Alphabet's business is still about both Google's search and YouTube's revenues", Forrester analyst Thomas Husson told CNBC . Read More »

Tesco to acquire wholesaler Booker Group for £3.7bn

perth_map

Tesco, already the largest supermarket group in the United Kingdom, said the deal will create the "UK's leading food business". Tesco said group like-for-like sales lifted 1.5% in the 13 weeks to 26 November year-on-year, buoyed by a strong performance among its fresh food ranges and party food at Christmas. Read More »

Reliable stocks in today's share market: General Motors Company (NYSE:GM)

perth_map

Ford's fourth-quarter results took a $200-million hit from costs related to canceling a $1.6-billion small auto plant in Mexico that had become a target for Trump during his campaign a year ago. But he noted a recent run-up in the stock market, an indication perhaps that Wall Street was expecting "pro-growth" policies from the new president. Mr Trump has threatened domestic and foreign carmakers in the USA with a "very major border tax" if they move production overseas. Read More »

Trump meets with automakers: more plants, fewer regulations

But Ford also wants to be in a position where its leaders are advising Trump on possible implications so that better solutions can be reached, he added. Trump, who was inaugurated as the nation's 45th chief executive on Friday , held the breakfast meeting in the Roosevelt Room and promised to the dozen business leaders gathered there that he plans to follow through on campaign promises to slash taxes and regulations on corporate America. Read More »

Chinese giant buys United States firm that does Mexico money transfers

The investigation concerns whether MoneyGram's board of directors failed to adequately shop the Company and obtain the best possible value for MoneyGram shareholders before entering into an agreement with Ant Financial. "Remittance is a very important activity and we think this is a great way for us to build a presence around USA consumers". MoneyGram lets consumers and businesses send cash to one another, generating revenue from transaction fees and spreads on foreign-exchange rates. Read More »

Richmond wife-killer linked to five other murders

perth_map

Foster said DNA evidence proved Evans is the father of one of the dead children. The other four victims were a woman and three girls whose bodies were later found in barrels near a New Hampshire state park, they said. New Hampshire Assistant Attorney General Jeffrey Strelzin raised the possibility there are additional victims, according to NBC . Two of the bodies - a woman and a girl - were found in 1985, and the bodies of two more girls were found in 2000. Read More »

Apple Releases iOS 10.3 Beta 1

There are several tips on how users can prevent misplacing their AirPods, but the best method to do so was through the Finder for AirPods app that was released earlier this month on the App Store. The SiriKit has been updated to include the functionality of paying your bills, and schedule rides from services like Uber. The tweak, which can potentially alert users to stalkers, notifies iOS 10 users whenever someone checks on their location. Read More »

Inflation rate at 1.5 per cent in 2016

perth_map

Economists had been picking quarterly inflation of 0.2% for an annual pace of 1.2%. Inflation has lagged below the Reserve Bank of Australia's 2-3% target band since late 2014. Wednesday's data showed inflation was fuelled by a 6.7 per cent increase in petrol prices in the quarter and a 7.4 per cent jump in tobacco prices as a result of an increase in excise. Read More »

AFCON 2017: Watch Alioui's strike that sent Champions Ivory Coast packing

Chris covers the amusing side of the game for ESPN FC in the Toe Poke blog. Lamine Kone's Ivory Coast have been knocked out of the African Cup of Nations last night. On Tuesday, they all stood together in celebration, lining up on the sideline in front of their fans to shimmy and shake every time they scored. An injury to Togo keeper Baba Tchagouni forced the substitution of second choice Cedric Mensah, and five minutes later Junior Kabananga opened the scoring for DR Congo with his third ... Read More »

Dollar drops as Trump's 'America first' speech unnerves traders

The dollar slid broadly on Monday after U.S. President Donald Trump struck a protectionist tone in his inauguration speech, prompting developed and emerging market currencies to gain. The safe-haven yen has been the main beneficiary of recent USA political uncertainty, rising for a second session against the dollar. On Monday, the dollar was down by 0.8% on the WSJ Dollar Index against 16 other currencies to 90.77 in NY recording the currency's lowest closing price for the past two months. Read More »

Revenue rises at Paddy Power Betfair despite big payouts

perth_map

The sports growth comes despite the firm having suffered from unfavourable results in the quarter, with customer-friendly results estimated to have cost the company £40 million in Q4 alone. The group said the overall impact of "customer-friendly results" in the fourth quarter - also including football scores over Christmas - was £40m. Paddy Power Betfair said it expected the total impact of "customer friendly" results in the final three months of a year ago to be about £40m. Read More »

Malaysian transport minister to meet with MH370 families in Perth

perth_map

The joint activity includes welcoming the return of the crew members of the Fugro Equator search vessel that has been involved in the search mission for MH370. "I'm profoundly sorry for these people". Liow also contradicted an earlier statement from his deputy that the Malaysian government was offering a reward to any private company that found the plane's fuselage. Read More »

The New White House Press Secretary Is a Confused Daft Punk Fan

perth_map

But you know what they say: hell hath no fury like a press secretary who really dislikes small balls of ice cream. Starting in 2010, the man who would become the top spokesman for the President of the United States devoted generous scoops of tweets to attacking the beady frozen treat known as the "Ice Cream of the Future". Read More »

Vancouver housing 3rd most unaffordable in the world, says annual study

perth_map

No other Canadian cities placed on the ten least affordable list. Demographia says housing markets are affordable when median prices are no more than three times higher than median household income. Auckland's housing market has been ranked the fourth worst in the world and labelled "severely unaffordable". "We need to tackle housing affordability urgently because the effects of unaffordable housing on society are becoming more visible by the day". Read More »

Taiwan envoy hails USA ties after President Trump's inauguration

perth_map

Prices of most USA agricultural commodities remain low relative to the highs of three or four years ago. Meanwhile, because roughly 40% of the cars assembled in Mexico bound for the US include parts that are manufactured in the USA, thousands of other American workers would be impacted as well. Read More »

OPEC, Russia 'Ahead Of Schedule' On Oil Output Cuts

Novak said that his country, which committed to the largest cut of 300,000 barrels a day, already had achieved trimmed production by 100,000 barrels - double its projected target of 50,000 barrels by late January. Crude has since slipped about 5 percent from that peak as traders await proof that they will follow through on the deal. OPEC's production fell by 220,900 barrels a day to 33.085 million a day in December, led by declines in Saudi Arabia and Nigeria, according to secondary ... Read More »

Uber fined $20m over charges it exaggerated earnings for drivers

The commission alleged that Uber claimed its drivers' median annual income in New York City, for example, was upwards of $90,000. Uber has agreed to pay $20m to settle claims it misled drivers over how much they would earn by driving for its service and over how much it would cost them to finance a auto. Read More »

European Central Bank says inflation still subdued in eurozone

Last month, the European Central Bank announced its plans to reduce its monthly purchases from 80 billion to 60 billion euros coupled with a nine months extension in the Quantitative Easing (QE) programme to the end of 2017. In that context...a rate cut remains on the table and it would remain on the table as long as those downside risks are still present'. "Measures of underlying inflation are expected to rise more gradually over the medium term". Read More »

Avaya files for bankruptcy in bid to rid of hardware biz

The company is trying to work out terms of a restructuring deal with creditors, but an agreement was not reached on January 19. "The company has taken a decisive step to rightsize its balance sheet", Pat Nash, one of the company's attorneys, told Judge Stuart Bernstein at the U.S. Read More »

What are Analysts opinions on: Union Pacific Corporation (NYSE:UNP)

First Financial Bank N.A. Trust Division raised its stake in Union Pacific Corp.by 0.5% in the third quarter. The number of shares now owned by investors are 829 mln. At the movement stock is under coverage by number of analysts. 28 analysts projected Price Targets for Union Pacific Corporation . In early trading, Union Pacific shares were up 4.9 percent at $108.68. Read More »

BMS won't seek quick okay for Opdivo combo in lung cancer

perth_map

According to Zacks, "Bristol-Myers key products - Opdivo, Orencia, Eliquis and Sprycel - should continue to fuel top-line growth at the company". Blume Capital Management Inc. Bristol-Myers Squibb Co (NYSE: BMY ) BMY: 49.98 -5.50 (-9.91%) shares are trading down almost ten percent on Friday. Last time the company reported, Bristol-Myers Squibb Company ( BMY ) generated $0.77 in earnings per share, beating the consensus estimate of $0.65. Read More »

(GE) PT Set at $29.00 by JPMorgan Chase & Co

perth_map

Financial Architects Inc now owns 1,964 shares of the company's stock worth $108,000 after buying an additional 270 shares during the last quarter. Trian Fund Management L.P. They now have a United States dollars 60 price target on the stock. Let's have a look at some of the important valuation ratios of the Emerson Electric Company (NYSE:EMR). Read More »