Markets


Terrorists attack Army patrol party in south Kashmir Terrorists attack Army patrol party in south Kashmir
- May 05, 2017

Indian troops on Thursday launched a massive search operation in restive Indian-controlled Kashmir to trace militants, officials said. The search operations came in the wake of a surge in militancy-related incidents in the past few days. Reports from Shopian said that the villagers shouted pro-freedom slogans and hurled rocks at the security forces at Sugan and Turkwanagam. Tear-smoke shells were used to enter the villages. (more...)
Delta Air Lines forces United States family to deboard flight over seat Delta Air Lines forces United States family to deboard flight over seat
- May 05, 2017

Another employee can be heard saying the child could not fly because the seat had been assigned to the family's teenage son, rather than the 2-year-old. Schear claims that the staff knew he meant to use the seat for his younger child when they boarded the plane. A statement issued by Delta Thursday did not explain why the family was asked to give up their seat, but said it was not due to overbooking. (more...)
Elon Musk hints at Tesla Model Y crossover by 2020
- May 05, 2017

On a per-share basis, Tesla's net loss narrowed to $2.04 from $2.13. The company's quarterly revenue doubled to $2.7 billion and was slightly better than the $2.61 billion analysts had forecast. Tesla says that that's helped the company cut service times by 35 percent, and it plans to use remote diagnostics to improve that number further. Keeping the saloon's arrival on course is essential to supporting Tesla's high-flying share price, which vaulted the company's valuation past the much ... (more...)
Analysts Near-Term outlook: SYNCHRONY FINANCIAL (SYF), Pfizer Inc. (PFE)
- May 05, 2017

The 52 week high of Synchrony Financial's shares is 38.06 whilst the 52 week low for the company's shares is 23.25. Oppenheimer Holdings Inc. reaffirmed a "hold" rating on shares of Synchrony Financial in a report on Sunday. Nisa Investment Advisors LLC increased its stake in shares of Synchrony Financial by 22.4% in the third quarter. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. (more...)
Dollar rallies after Fed signals June rate hike likely
- May 05, 2017

He said, however, that a continuation of weak United States economic data could influence the Fed's economic outlook. In a move largely expected in financial markets, the policymaking Federal Open Market Committee unanimously agreed to keep its benchmark rate target at 0.75 percent to 1 percent. (more...)
Demand For Gold Plunges After Trump Win Demand For Gold Plunges After Trump Win
- May 05, 2017

According to the reports of the World Gold Council , the market for gold will weaken in the second half of 2017 with the roll-out of the Goods and Services Tax (GST) from July 1, 2017, as the tax regime is likely to dent the demand for gold jewellery in the country. (more...)
Fairfax journos on week long strike Fairfax journos on week long strike
- May 05, 2017

In response, staff will strike until after next week's federal budget, one of the year's biggest local news days. A Fairfax journalist wears a shirt displaying a slogan during a protest regarding the announcement of further staff cuts to the Sydney Morning Herald ( SMH ) and Melbourne Age newspapers in central Sydney, Australia, May 4, 2017. (more...)
EU Condemns Increase of Threats and Violations Against Journalists EU Condemns Increase of Threats and Violations Against Journalists
- May 05, 2017

In Turkey , President Recep Tayyip Erdogan used a botched coup attempt last July to consolidate power and purge journalists. Globally journalists are on the front line of a sustained assault on civic freedoms from state and non-state actors. (more...)
Spend your old £5 notes before the weekend! Spend your old £5 notes before the weekend!
- May 04, 2017

The Bank says that because of this, they are "better for the environment", as it means printing fewer notes, which in turn means less energy is used in manufacturing and cash transportation. Old notes given back at the banks are set to be recycled. Some banks and building societies may still accept paper £5 notes after May 5, but this will be at their own discretion. (more...)
Apple makes $1B commitment toward more US manufacturing jobs
- May 04, 2017

That practice has been a sore point for President Donald Trump and some members of U.S. Congress. Apple intends to invest in programs that can train workers how to code - but that much of the money for this effort will be borrowed rather than drawn from its substantial cash reserves, much of which Cook said are locked up overseas. (more...)
Puerto Rico Files for Biggest Municipal Bankruptcy in US History Puerto Rico Files for Biggest Municipal Bankruptcy in US History
- May 04, 2017

Puerto Rico is barred from using the same bankruptcy law provisions benefiting other USA municipalities. Title III, which is similar to the Chapter 9 bankruptcy, allows Puerto Rico and other United States territories to restructure their debt under the supervision of a federal judge. (more...)
ICICI Bank Q4 profit jumps three fold; bad loans up 26 pct ICICI Bank Q4 profit jumps three fold; bad loans up 26 pct
- May 04, 2017

Chief Executive Chanda Kochhar told reporters on a conference call after the results that she expected bad loan additions in the current financial year to be "significantly lower" than in the last financial year to the end of March. "The pool of the amount of stressed assets was always known...it is now coming down". Dharmesh Kant, head of retail research at Motilal Oswal Securities too agreed. (more...)
UFC creates 4th weight class for women, adding 125-pounders UFC creates 4th weight class for women, adding 125-pounders
- May 04, 2017

Additionally, he said that the press release confirming the new division tournament and championship for this season was sent in error. It's welcome news for the sport in general, as many female athletes in the UFC have been forced to choose between fighting as an undersized 135-pound bantamweight or a shrunken 115-pound strawweight. (more...)
NZ dollar drops as Fed statement leaves June rate hike in prospect
- May 04, 2017

The Federal Reserve kept rates unchanged at its May meeting but signaled it remains on track for its second rate hike of the year in June. A stimulus package could speed up the pace of rate hikes. The US Federal Reserve's preferred inflation measure fell in March, and a key component dropped for the first time in almost 16 years, the Commerce Department reported Monday. (more...)
US trade deficit narrows in March US trade deficit narrows in March
- May 04, 2017

China's exports in the first quarter of the year rose 8.2 percent from the same period last year, while imports surged by 24.0 percent. The jump in energy exports was driven largely by higher natural gas and coal exports. Imports increased 1.7 per cent to $47.1 billion, mainly due to unwrought gold. President Donald Trump was elected on a pledge to reduce America's trade deficits, which he blames on unfair trade practices by China and other countries. (more...)
Asia stocks, euro steady as markets pause for breath after French election Asia stocks, euro steady as markets pause for breath after French election
- May 04, 2017

A move which appeared to be aimed at appealing to a wider range of potential voters, Le Pen announced she was temporarily stepping down as Front National leader in order to focus on her campaign. Marine Le Pen who came in second with 21.4%. This judgment of Mr Macron is still strongly felt among numerous Mr Sarkozy-faction on the right-wing of The Republicans though others, loosely represented by more moderate ex-prime minister Alain Juppe, have suggested they may choose to join in a ... (