Markets


Toshiba's USA nuclear unit files for bankruptcy protection Toshiba's USA nuclear unit files for bankruptcy protection
- April 01, 2017

A storied name in nuclear power, Westinghouse incurred billions of dollars of cost overruns building the nuclear reactors in Georgia and SC, a financial disaster that threatens Toshiba's viability. Toshiba warned Wednesday that its full-year loss might balloon to as much as $9.1 billion, up from a previous estimate of $3.5 billion. SCANA, a utility that serves the Carolinas and Georgia, has a 55 percent stake in the two nuclear reactors Westinghouse is in charge of building at the ... (more...)
Sacked finance minister Gordhan says intelligence report used to fire him "nonsense"
- April 01, 2017

Opposition parties are using the political chaos and uncertainty that has been caused as a launch pad to try and have the president impeached or removed from office. Also Thursday, the Economic Freedom Fighters opposition party applied to the country's highest court to order parliament to begin impeachment proceedings against the president for lying to the legislative body. (more...)
United Kingdom reveals aircraft cabin ban on electronics larger than phones United Kingdom reveals aircraft cabin ban on electronics larger than phones
- April 01, 2017

Britain bans devices that are larger than a normal-sized mobile phone. The ban applies to any device larger than 16cm long, 9.3cm wide or 1.5cm deep. But no one survived the 2015 downing of a Russian flight from Egypt which experts believe was caused by a bomb on board. US and British officials said Tuesday the decision to bar laptops and tablets from the cabins of some worldwide flights wasn't based on any specific threat but on longstanding concerns about terrorists targeting ... (more...)
Nunes says Russian Federation probe will go on 'with or without' Dems Nunes says Russian Federation probe will go on 'with or without' Dems
- April 01, 2017

The conference was in response to the letter sent out by the White House inviting the leadership of both the House and Senate intelligence committees to come and view "materials" that the White House feels are relevant to investigations of "unmasking". (more...)
Tesco PLC (TSCO) Stock Rating Upgraded by Beaufort Securities Tesco PLC (TSCO) Stock Rating Upgraded by Beaufort Securities
- April 01, 2017

The analyst stated that the investment firm has set a price target of 4120 on shares of LON:RMV. Therefore 58% are positive. The 52 week high Rightmove PLC's shares have reached is 4416 whilst the 52 week low for the company's shares is 3159. (more...)
Dow jumps 151 points, breaking 8-day losing streak Dow jumps 151 points, breaking 8-day losing streak
- April 01, 2017

US stocks received a boost after a new report from the Conference Board showed that consumer confidence surged in March to the highest level since December 2000. Financial stocks, which were the biggest beneficiaries of the post-election rally, were the worst hit. The S&P 500 financial index was off 2.2 percent, far underperforming the other eight losers among the major S&P sectors. (more...)
How South Africans are reacting to Zuma's cabinet reshuffle How South Africans are reacting to Zuma's cabinet reshuffle
- April 01, 2017

John Steenhuisen, chief whip of the main opposition Democratic Alliance party, described the reshuffle as a "midnight massacre". The first bit of internal diplomatic fallout over the dismissal of Finance Minister Pravin Gordhan and his deputy Mcibisi Jonas arrived on Friday on the desk of Obed Mhlaba, high commissioner to the United Kingdom. (more...)
S African finance minister sacked in shock reshuffle S African finance minister sacked in shock reshuffle
- April 01, 2017

The rand was down more than seven percent for the week, after days of speculation that Zuma was about to move against Gordhan. Banking stocks were also down by a similar amount, while bond yields climbed sharply - a sure sign that investors were becoming less confident in the country's ability to repay its debts. (more...)
16 states, DC urge court to continue to block travel ban
- April 01, 2017

The official Twitter account for Hawaii Attorney General Doug Chin, who argued against Trump's travel ban in court, released part of his opening statement in court. Any harm to Hawaii would be minimal because only 20 of the nearly 500,000 refugees who came to the US during the past eight years settled in the state, Readler said. (more...)
Goods Will Become 'Slightly Cheaper' With GST: Arun Jaitley Goods Will Become 'Slightly Cheaper' With GST: Arun Jaitley
- April 01, 2017

The four bills, passed by the lower house, would next be presented before the upper house of parliament. "A historic day for all of us", Finance Minister Arun Jaitley tweeted. Lok Sabha plans to help make the tax system in India better in the coming months. How smooth this process will be depends on how much clarity the government will offer on the specifics, once the Bills - which still have to go to the Rajya Sabha and then get presidential assent - have been notified. (more...)
MINDBODY Helps Power New Google Fitness Reservation Service MINDBODY Helps Power New Google Fitness Reservation Service
- April 01, 2017

Now, it seems like that Google is concerned about our physical health as well. Making it easier to book fitness classes and such, Google is rolling out its Reserve with Google service nationwide. The number of providers that support these features include MINDBODY , MyTime , Genbook , Full Slate, Front Desk, Appointy, and more . Google will also allow you to book classes from Google Maps (only on your laptop) or from Google Search (laptop or mobile) by searching for the particular ... (more...)
Trade talks come after Brexit: Hollande
- April 01, 2017

We are considering what steps, if any, might need to be taken to formally terminate the EEA Agreement as a matter of worldwide law. It also backed calls for an early deal to guarantee the rights of citizens living and working overseas. The draft report cited by Reuters, suggests the European Union should allow for transitional arrangements and even prolong the negotiating period to three years, while also allowing for a change of heart. (more...)
Vodafone, Idea to form India's largest telecoms firm
- April 01, 2017

Analysts are of the view that the competition in the industry is unlikely to subside in the medium term despite the mega merger. The joint venture was said to have a combined value of $23.2 billion (21.57 billion euros), with the merger expected to be finalized within two years. (more...)
'Zero surprises' ahead of Xi-Trump meeting
- April 01, 2017

President Trump will host Xi for two days at his Mar-a-Lago resort in Florida. "American companies must be prepared to look at other alternatives", Trump wrote in a pair of tweets. -China relationship, the White House said Thursday. China has a large share in the bilateral trade with its exports to the United States amounting to over $400 billion (Rs 26 lakh crore). (more...)
Hannity sides with Freedom Caucus over Trump
- April 01, 2017

Nationally, several Freedom Caucus members hit back against a president whose agenda has stalled, whose approval ratings are hovering below 40 percent, and who has been dogged by the ongoing investigation into contacts between his associates and Russian officials. (more...)
United Nations slams Israel over new West Bank settlement
- April 01, 2017

In December 2016, the UN Security Council approved a resolution stating the illegality of the Israeli settlements on occupied Palestinian territories. Israel's so-called security cabinet has unanimously voted in favor of construction of the regime's first new settlement in the occupied Palestinian territories in 25 years, drawing strong condemnation from Palestinians . (more...)
HighPoint Advisor Group LLC Has $793000 Stake in Huntington Bancshares Incorporated (HBAN) HighPoint Advisor Group LLC Has $793000 Stake in Huntington Bancshares Incorporated (HBAN)
- April 01, 2017

Schmidt P J Investment Management Inc. purchased a new stake in shares of Huntington Bancshares during the third quarter valued at about $104,000. Finally, Basswood Capital Management L.L.C. The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. (more...)
The Netherlands sacked the coach as the team lost to Bulgaria
- April 01, 2017

Ajax debutant Matthijs De Ligt, who is 17, was at fault in both Bulgarian goals. Olivier Giroud's 22nd worldwide goal gave Didier Deschamps' team the lead, but the host leveled six minutes later when Aurelien Joachim converted a penalty to become the first Luxembourg player to score against France in 39 years. (more...)
SpaceX launches first recycled rocket in test of cost-cutting model
- April 01, 2017

As for the cost of Thursday's launch, Martin Halliwell, chief technology officer at SES, has declined to say publicly the exact amount. Musk congratulated his team via Twitter after the launch, and then immediately issued another challenge: reduce turnaround time between future launches to 24 hours. (more...)
SpaceX just made history by successfully reusing a rocket
- April 01, 2017

More remarkably, the booster landed once more at sea after sending a payload into orbit. SpaceX is estimating about a 30% reduction compared to a new rocket. Falcon 9 launch, image courtesy of SpaceX . About 10 minutes later, the first stage, or booster, achieved a successful landing on the " Of Course I Still Love You " droneship that was stationed in the Atlantic Ocean. (more...)