Markets


Alibaba set to enter Pakistan, signs MoU Alibaba set to enter Pakistan, signs MoU
- May 18, 2017

Alibaba and TDAP agreed to flourish small enterprises in Pakistan through e-commerce. In addition, Alibaba will also conduct both online and offline training sessions for the SMEs for the objective of assisting SMEs getting on-board the platform of Chinese e-commerce giant. (more...)
Amazon Fire 7 And Fire HD 8 Tablets With Amazon Alexa Announced Amazon Fire 7 And Fire HD 8 Tablets With Amazon Alexa Announced
- May 18, 2017

Thankfully, the device's biggest new feature will help your wallet: it's $10 cheaper than the existing model, retailing for $79.99. Yesterday's announcement included the news that Amazon is rolling out Alexa on Fire tablets to the United Kingdom, which has been left behind since the US market got the update last fall. (more...)
Vipshop Holdings (NASDAQ:VIPS) reports 1Q17 Profit Up 26%
- May 18, 2017

Vipshop Holdings Ltd - posted earnings per share of $0.14 in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. Large investors have recently made changes to their positions in the stock. Gulf International Bank UK Ltd's holdings in Vipshop Holdings Ltd - were worth $1,436,000 at the end of the most recent quarter. (more...)
World's biggest turbines start spinning off Liverpool World's biggest turbines start spinning off Liverpool
- May 18, 2017

But Benj Sykes, the United Kingdom boss for Dong Energy wind power business, has said he may be cutting the ribbon on turbines double this size by 2024. Commenting on the Burbo Bank Extension, RenewableUK's executive director, Emma Pinchbeck, described it as "game-changing" and a "testament to the offshore wind industry's strong commitment to relentless innovation". (more...)
Jobs Added in April Jobs Added in April
- May 18, 2017

An economist said that the hiring freeze by federal agencies from the latter part of January to the middle of April helped to curtain staff additions in the government in April by up to 10,000. More broadly, the US labor market has added jobs every month since October 2010, a long stretch that has slowly repaired much of the damage from the Great Recession and allowed the Fed to start raising short-term interest rates from near zero. (more...)
China-made jet takes off in maiden flight China-made jet takes off in maiden flight
- May 18, 2017

The C919, developed and produced by Commercial Aircraft Corp. of China, or COMAC, was initially planned to be completed in 2012, with the first delivery in 2016. The narrow-body 158-seater aircraft, which will compete with Boeing's 737 and the Airbus A320, is a key symbol of China's ambitions to muscle into a global jet market estimated to be worth United States dollars 2 trillion over the next 20 years. (more...)
Ford to cut 1400 salaried jobs in North America, Asia
- May 18, 2017

Shares of Ford Motor Co. fell 4 cents to $10.90 in premarket trading after the company announced the reductions. Ford isn't the only automaker looking to slim down. Much of our - most of our net worth is tied up in the company. The company has roughly 200,000 salaried employees worldwide, about half of which are in North America. (more...)
'ShadowBrokers' threatens to release more cyber attack tools
- May 18, 2017

In a way, this can be marked as good news and awful news at the same time. After a long ramble about WannaCry and Microsoft , in which it blamed North Korea for the global attack, the group said that next month it would announce " TheShadowBrokers Data Dump of the Month ". (more...)
What are analysts saying now about Allete, Inc. (NYSE:ALE)? What are analysts saying now about Allete, Inc. (NYSE:ALE)?
- May 18, 2017

Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. RRGB has a 1-year high price of $ 60.90 and 1-year low price of $40.85. Presently Red Robin Gourmet Burgers, Inc . Analysts believe that we could see stock price minimum in the $52 range (lowest target price), allowing for another -27.17% drop from its current position. (more...)
G7 Finance Meeting Kicks off with Focus on Inclusive Growth G7 Finance Meeting Kicks off with Focus on Inclusive Growth
- May 18, 2017

Finance chiefs from numerous world's leading rich nations pressed the United States Friday not to break a decadeslong global consensus in areas such as trade and financial regulation criticized by U.S. European G7 officials complain that no-one knows what the United States understands by "fair trade" and that the only way to establish fairness was by sticking to the rules of the World Trade Organisation - a multilateral framework. (more...)
House Oversight Committee wants Comey to testify at public hearing
- May 18, 2017

Chaffetz's letter comes just hours after the disclosure that Comey drafted a memo that detailed how Trump had asked him to shut down the Flynn investigation. Mark Warner of Virginia, top Democrat on the Senate intelligence committee, said he would ask Comey for additional material as part of that panel's investigation. (more...)
China's C919 airliner gets set to challenge Airbus and Boeing
- May 18, 2017

China is one of the biggest aviation markets, but relies on foreign-made aircraft and has long sought to enter the lucrative global jet market, which is estimated to be worth $2 trillion over the next 20 years. Beijing's aim is to take market share from the big two in the profitable narrow-body airliner market. which accounts for more than half of the passenger jets now in service worldwide. (more...)
PH declines European Union aid after pledge of billions from China PH declines European Union aid after pledge of billions from China
- May 18, 2017

The Philippines on Thursday said it has stopped accepting development aid from the European Union (EU) owing to the latter's interference in the country's internal affairs. But Economic Planning Minister Ernesto Pernia said Manila's decision to cut aid from Europe may still change. Last year, Duterte dared the European Union and the U.S.to pull out their assistance to the Philippines , when the two criticized his campaign against criminality and drugs. (more...)
Putin Offers To Release Trump-Lavrov Meeting Transcript Putin Offers To Release Trump-Lavrov Meeting Transcript
- May 18, 2017

American officials say Mr Trump shared details about an IS terror threat related to the use of laptop computers on aircraft with Mr Lavrov and Mr Kislyak. Officials told CNN at the time that the ban came about following the collection of intercepted material and "human intelligence". The Kremlin has ridiculed the flap in the USA over allegations of possible collusion between members of Trump's campaign during his run for the White House and the president's seemingly cozy relations with ... (more...)
Silvio Berlusconi takes a dig at Emmanuel Macron Silvio Berlusconi takes a dig at Emmanuel Macron
- May 18, 2017

Philippe's age reinforces the generational shift in France's corridors of power and the image of youthful vigor that Macron is cultivating. Brigitte Macron is 64, while the French president is 39. Without a parliamentary majority, he will find it hard to push through his ambitious plans to loosen France's strict labor laws, boost entrepreneurship and reduce class sizes in tough neighborhoods. (more...)
Featured Stock Overview: Ford Motor Co Featured Stock Overview: Ford Motor Co
- May 18, 2017

The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ltd. now owns 574,034 shares of the auto manufacturer's stock valued at $6,929,000 after buying an additional 18,120 shares in the last quarter. (more...)
Snapchat shares slide as growth slows Snapchat shares slide as growth slows
- May 18, 2017

Snapchat reported 166 million daily active users in the latest quarter, an increase of just 36 percent from a year earlier. The company's shares fell almost 25% to $17.39 in the wake of the first quarterly earnings report since Snap's highly-publicized initial public offering in March, according to Reuters . (more...)
Head in the clouds: Dutch king was guest pilot for 21 years Head in the clouds: Dutch king was guest pilot for 21 years
- May 18, 2017

Over the next few months he intends to undergo further training, this time in Boeing 737s, as the Fokker 70s he usually co-pilots are being phased out. "I find flying simply fantastic". You can not take your problems from the ground with you in the sky. Thousands of passengers on a European airline have been welcomed aboard flights by a friendly co-pilot in recent years. (more...)
Organisations urged to take security steps after cyber-attack
- May 18, 2017

The U.K. government's cyber office put it succinctly: "T$3 he way these attacks work means that compromises of machines and networks that have already occurred may not yet have been detected, and that existing infections from the malware can spread within networks". (more...)
Democrats seek impeachment of President Trump
- May 18, 2017

Amy Klobuchar recently told BuzzFeed Newsthat, in lieu of focusing on impeachment right now , "I think you have to look at all the evidence". "This is where I stand, I will not be moved". It's similar to an indictment. Though Bill Clinton and Andrew Johnson were impeached in the House, the Guardian's Tom McCarthy notes that acquittal found them both once proceedings hit the Senate. (more...)

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