January 24, 2018

Home » Money


Russia, Saudi Arabia back extension of oil output cuts

Libya pumped as much as 1.6 million barrels a day before an uprising in 2011, and it was exempted from OPEC's cuts due to internal strife. Oil has gained support from the supply deal but inventories remain high and output from other producers such as the United States is rising, keeping prices below the US$60 that Saudi Arabia would like to see. Read More »

Xiaomi Redmi 4 Smartphone launched in India, Price starts at Rs. 6999

In terms of memory, there are three variants of the smartphone - 2GB RAM and 16GB of internal storage; 3GB of RAM and 32GB of internal storage; and 4GB RAM and 64GB of internal storage. As per few speculations, Xiaomi , the Chinese popular smartphone maker may also unveil Xiaomi Redmi 4 Prime. Connectivity options on the Redmi 4 include 4G LTE, Wi-Fi 802.11 a/b/g/n, Bluetooth v4.1, and GPS/ A-GPS. Read More »

Takeaways From Buffett's Address To Berkshire AGM

Charles Munger, the vice chairman of Warren Buffett's Berkshire Hathaway Inc, said the decision to take on insurance liabilities from American International Group Inc (AIG) offers plenty of risk, and also the chance for a substantial reward. Read More »

Palestine President to seek Modi's help in reaching solution

Reuters reported on Trump's comments of several weeks ago, when he said "I want to see peace with Israel and the Palestinians", adding "ask me in month about that", as to whether he will use a late May trip to Israel to declare us recognition of the entire city of Jerusalem as the Jewish nation's rightful capital. Read More »

Oil Prices Dropped as Oversupply Concerns Return

The U.S. West Texas Intermediate ( WTI ) crude oil futures fell more than 3 percent in early trading, ending up below $44 a barrel, the lowest price since Nov 14. Brent crude settled at US$48.38, or 4.75 per cent lower, after tumbling as much as 5.17 per cent during the session. But the market is getting a bit "jittery" as countries decide whether to extend those cuts, he said. Read More »

Snap reports $2.2bn loss in Q1, slams Facebook

In Europe, the company also added 3 million daily users, hitting 55 million DAUs in that region in the first quarter. Trending: What Do the Flynn Subpoenas In Virginia Mean? JPMorgan, which got the third-most shares following the IPO , lowered its price target to $20 from $24, maintaining a hold rating on Snap's stock . Read More »

SoftBank Writes Down $1.4 Billion on Investments in Latest Fiscal Year


The report also said that the Paytm is in advanced stage of discussions to raise up to USD 1.9 billion in fresh funding from Japan's Soft-Bank that could value it between USD 8 billion and USD 9 billion. The highly competitive e-commerce market in India has made a trend of the company's business performance lower than initially anticipated. Taking advantage of the downfall of FreeCharge's parent company Snapdeal , whose leading investor SoftBank is now in talks for its own sale to ... Read More »

In California Judge blesses $1.2b compensation deal in VW diesel case


The settlement could set Volkswagen back by up to $4 billion if it can't come up with regulator-approved, emissions-reducing repairs for 58,000 newer-model vehicles by deadlines in October, November and December this year. Volkswagen has been under fire from USA regulators since the company admitted to programming its diesel cars to trick emissions testers into believing the engines released far less pollution into the air than they actually do, in violation of the federal Clean Air Act. Read More »

Worth Watching Stock Tribune Media Company (TRCO)


The stock price increased 0.53% or $-0.22 versus $41.82 at the end of the prior session. They now have a Dollars 71.5 price target on the stock. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Read More »

Judge orders prosecutors to charge Amtrak engineer in crash

Bostian has been charged with eight counts of manslaughter among other offenses, according to the statement. Attorney General Josh Shapiro also could try to negotiate a plea or take as much time as he needs to evaluate the case, he said. However, the National Transportation Safety Board concluded that nothing struck his locomotive. In response, attorneys filed a private complaint on behalf of the father of one of the victims. Read More »

Kohl's Corporation Q1 Earnings Mixed As Comps Fall 2.7%


According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.87 out of the scale from 1 to 5, where 1 stands for Strong Buy and 5 means Strong Sell. The lowest target is $60 while the high is $81. In this case, shares are 14.36% higher from $21.67, the worst price in 52 weeks suffered on November 11, 2016, and are keeping their losses at 12.39% for the past six months. Read More »

500M Windows 10 devices, half of 2018 goal

The company ended up revising its goal in July previous year, saying that it was going to take longer for Windows 10 to achieve 1 billion monthly active devices than FY18. Windows 10 represents a comeback for Microsoft after a disastrous Windows 8 launch and heavy competition from phone systems such as Apple's iOS and Google's Android. Read More »

Eurovision favorites Portugal, Armenia sail through first semi-final


In Tuesday's semi-final, Portuguese singer Salvador Sobral drew some of the loudest applause with his song "For The Both Of Us" - a lilting, jazz-style ballad written by his sister. "And this year maybe they've got more to talk about". The spectacular show was broadcast live from the International Exhibition Centre in Kyiv. In the song contest's second semi-final, the former Hometown star sang Dying To Try in a bid to land a place in the Grand Final on Saturday in the 62nd annual ... Read More »

Markets end flat in cautious trade, Nifty holds 9300

Market breadth was positive with 879 advances against 322 declines. Meanwhile, the Nifty was trading higher by 23.30 points or 0.25% at 9,337.35 with 37 components gaining. "Banking stocks resumed the firmness on strong buying support", Desai told IANS. Other major gainers were Wipro (1.21 per cent), Axis Bank (1.21 per cent), Tata Motors (0.82 per cent), GAIL (0.73 per cent), RIL (0.65 per cent), M&M (0.51 per cent), TCS (0.46 per cent), NTPC (0.44 per cent), Tata Steel (0.34 per cent), and ... Read More »

History of Hanford nuclear waste site in Washington state

Tom Carpenter, the executive director with watchdog organization Hanford Challenge who has spoken with workers at the site since the incident, called the tunnel collapse worrisome and said the evacuation was the correct call. The Energy Department says no one was injured in the collapse onto buried rail cars filled with nuclear waste. "They've got 177 underground nuclear waste tanks, majority were built in the 1940s", Carpenter said. Read More »

Comcast, Charter Communications step into wireless together


The two companies believe the partnership will allow them to become competitors with the likes of Verizon and AT&T , as well as boosting innovation by getting their engineers to work closely together. Verizon and AT&T are the largest wireless providers in the United States by number of customers. They said the agreement will save money and help them compete with national providers. Read More »

Dulux owner Akzo Nobel brushes off third takeover bid from PPG


PPG said AkzoNobel has once again refused to enter into a negotiation regarding a combination of the two companies, ignoring the best interests of its stakeholders, including long-term shareholders who overwhelmingly support engagement. Finally, the deal would create uncertainty for Akzo employees. Support for the routine measure would normally be virtually unanimous, so the outcome could be seen as a sign of shareholder dissatisfaction. Read More »

Competition to Boeing-Airbus as China's first Jetliner completes maiden flight

A China Eastern Airlines jet taxis near a Chinese C919 passenger jet before its scheduled first flight at Pudong International Airport in Shanghai, Friday, May 5, 2017. "To be able to say 'we're not just at the bottom of the barrel making very basic plastic parts for iPhones, but we're actually making very complicated technology, '" he said, is a narrative that resonates with the Chinese people. Read More »

Spend your old £5 notes before the weekend!


You can swap them for new currency at any point in the future, although that involves a trip to the Bank of England, Threadneedle Street, London (or popping them in the post at your own risk). What happens to the £5 notes when they are withdrawn? For more information on exchanging visit the Bank of England website. "We'll continue to accept them from our customers, either exchanging them for the new polymer note, or depositing it into their account, whichever they prefer", said a ... Read More »

South Asia Satellite successfully launched


India will launch the GSAT-9 satellite , or the South Asia Satellite, today and what makes the GSAT-9 interesting is the "Electric Propulsion" system. The ISRO team has led from the front in developing the South Asia Satellite as per the regions' requirements, and flawlessly launching it. Its life span is over 12 years. Read More »

First quarter gold demand down 18% from last year's exceptional high


Total jewellery demand in India for Q1 2017 was up by 16 per cent at 92.3 tonne as compared to Q1 2016 (79.8 tonne). Still, gold demand fell 18% year-over-year in the first quarter. Chinese investors played a key role in the increased demand. The demand for jewellery in the January-March quarter was slightly up at 481 tonnes compared to the same quarter in 2016. Read More »

SC to hear plea against Aadhar link with PAN


Aadhaar makes a secure and robust system through which identity of a person can not be faked, said the government. Section 139AA requires Indian citizens to cite their Aadhaar details or enrolment ID of their Aadhar application form in order to complete their income tax returns, as well as to apply for a PAN [Personal Account Number] starting from July 1. Read More »

Aetna Inc. (NYSE:AET) report net loss for Q1 as $381 million


The shares outstanding for Aetna Inc .is levered at 329.05 *. They now have a Dollars 135 price target on the stock. The return on assets for Aetna Inc . They issued a "neutral" rating and a $136.00 price objective on the stock. Deutsche Bank began new coverage on Aetna Inc . giving the company a "hold" rating. Read More »

Sainsbury's reports profit slide amid 'challenging' market


The fall came despite the boost to earnings from last year's purchase of Argos, the general merchandise retailer. Support services company Carillion said on Wednesday that trading conditions have remained largely stable since its full-year 2016 results in March and it has made a promising start to the year. Read More »