Markets


Oil-producing alliance extends output cuts
- May 26, 2017

Oil prices had risen sharply in the 2 1/2 weeks before the OPEC meeting , as an extension of the current production cuts became increasingly clear. That will be welcome news to consumers and energy-hungry businesses worldwide but could continue to strain the budgets of some of the more economically-troubled oil-producing nations, like Venezuela and Brazil. (more...)
ITC Fourth-Quarter Profit Up Marginally, Misses Estimates ITC Fourth-Quarter Profit Up Marginally, Misses Estimates
- May 26, 2017

Total income of the company increased by 87.69% at Rs 2871.98 crore for quarter under review as compared to Rs 1530.15 crore for the quarter ended March 31, 2016. Meanwhile, the segment grew to Rs 10,511.83 crore year-on-year from Rs 9,731.17 crore last year. "The much anticipated pick-up in consumption expenditure on the back of good monsoons in 2016, low inflation and implementation of the recommendations of the 7th Pay Commission did not play out fully". (more...)
Dear, Harvard: 10 memorable quotes from Zuckerberg's speech
- May 26, 2017

Steve Jobs, who dropped out of Reed College in OR, gave Stanford's commencement speech in 2005. Together, the two formed the Chan Zuckerberg Initiative, a philanthropic organization focused on advancing science and education. "It's really good to be idealistic". "That was the most hard time", said Zuckerberg, because he refused to sell even though his co-founders and early investors wanted to accept an offer. (more...)
Leaks from bombing probe antagonize British officials
- May 26, 2017

Eight men are now in custody in connection with Monday's suicide bombing at a Manchester, England, pop concert, including two men who were arrested in separate raids early Thursday. Crowds gathered at well-known sites including London's Parliament and Trafalgar Squares and Manchester's Albert Square. She described the attack as "very wicked". (more...)
Trump budget slashes money of clean air and water programs Trump budget slashes money of clean air and water programs
- May 26, 2017

However, it is unlikely that Trump's plan for the EPA will come to fruition, with some Republicans in Congress indicating that they believe the cuts go too far. The Obama administration created a new plan, called EJ2020, to address some of these problems but its future is now uncertain, with the EPA declining to comment on whether the strategy is to be scrapped. (more...)
Q4 2016 Sentiment State Bank Financial Corp (NASDAQ:STBZ)
- May 26, 2017

The company was able to keep return on investment at 13.50% in the last twelve months. E Trade Financial Corp now has $9.66B valuation. It closed at $34.6 lastly. The company's consensus rating on Reuter's scale improved from 3.57 to 3.67 during a month. The rating was maintained by SunTrust with "Hold" on Tuesday, November 29. (more...)
Pure Financial Advisors Inc. Sells 5860 Shares of Exxon Mobil Co. (XOM)
- May 26, 2017

The rating was maintained by Citigroup on Wednesday, August 19 with "Hold". Clark Estates Inc decreased Exxon Mobil Corp ( XOM ) stake by 51.27% reported in 2016Q4 SEC filing. Ww Grainger Inc (NYSE:GWW) was reduced too. For now, Exxon Mobil Corporation is the toast of Wall Street as its ABR stands at 3.00 with 2 out of 26 analysts rating the stock a buy. (more...)
OPEC considering whether to cap Nigerian oil output: delegates OPEC considering whether to cap Nigerian oil output: delegates
- May 26, 2017

West Texas Intermediate (WTI) crude prices fell to $49.00 at 1:50 EST, declining by 4.6% as the global glut in supply is not abating in the near term. Commerzbank cited data from the U.S. Department of Energy saying U.S. production was roughly 540,000 barrels per day higher in mid-May than at the start of the year. (more...)
Central banks throw their weight behind Forex Global Code Central banks throw their weight behind Forex Global Code
- May 26, 2017

While the FX Global Code isn't strictly regulation, numerous organisations have voiced their support for it , urging market participants to abide by the new rule set. Comprising 55 principles, the code covers subjects like ethics, governance, transparency, and information sharing while also addressing complex topics like prime brokerage, electronic trading and algorithmic trading. (more...)
Trump & Macron engage in fierce handshake battle during first meeting
- May 26, 2017

The phenomenon that is Donald Trump's handshakes. has returned. French President Emmanuel Macron has been captured on video intentionally turning away from greeting US President Donald Trump at the last minute at the North Atlantic Treaty Organisation meeting in Brussels overnight, in favour of new European bestie Angela Merkel , along with other European leaders. (more...)
Zuckerberg Asks Harvard Grads to Fight Isolationism, Nationalism Zuckerberg Asks Harvard Grads to Fight Isolationism, Nationalism
- May 26, 2017

NEW YORK — Mark Zuckerberg returned Thursday to Harvard , where he launched Facebook and then dropped out, telling graduates it's up to them to bring objective to the world, fight inequality and strengthen the global community. He left Harvard in May 2004, according to his Facebook profile. That's one benevolent way of describing Facebook's master plan . Zuckerberg addressed economic inequality, for instance. (more...)
Oil remains weak after OPEC-led output cut extension falls below expectati
- May 26, 2017

The decision by the oil cartel however failed to impressed the global crude oil market, as Brent crude fell by nearly $3 to hit $51.78 at the end of the deal, while U.S. The combined cap on oil output for Opec and non-members was agreed at around 1.8 million barrels per day. Russian Federation maintains its oil-price outlook at $50 to $60 a barrel on average for this year, Novak said. (more...)
Lowes Companies Incorporated (NYSE:LOW) Stock Is Shorted Less Lowes Companies Incorporated (NYSE:LOW) Stock Is Shorted Less
- May 26, 2017

Pillar Pacific Management Lc reported 109,860 shares or 1.2% of all its holdings. On 3/24/2017 announced a quarterly dividend of $0.35 1.72% with an ex dividend date of 4/24/2017 which will be payable on 4/26/2017. stands at 22.97. Investors of record on Thursday, June 1st will be paid a dividend of $0.89 per share. About 4.92 million shares traded. ( LOW ) has made a move of -6.31% over the past month, which has come on Strong relative transaction volume. (more...)
Manchester terror attack victim's mother lays flower at Tarleton vigil Manchester terror attack victim's mother lays flower at Tarleton vigil
- May 26, 2017

At 2am this morning she posted a picture of a smiling Olivia , with the message: "RIP my darling precious gorgeous girl Olivia Campbell taken far far to..." Hoping and praying she would turn up. " The Daily Telegraph reported Alison Howe , 45, and Lisa Lees, 47, from Royton, Oldham , were killed as they were waiting together in the foyer of the arena". (more...)
Chinese group buys condom maker for US$600m Chinese group buys condom maker for US$600m
- May 26, 2017

The seller said on May 25 that it had reached an all-cash deal with Humanwell Healthcare Group and CITIC Capital China Partners. "That saw Ansell tell the market of the sale of the 'Sexual Wellbeing" or condom business to a Chinese consortium for $US600 million ($800 million), and a $US265 million (A356 million) on-market share buyback. (more...)
NATO chief says Trump committed to alliance, 'blunt' on spending demands
- May 26, 2017

However, Trump spokesman Sean Spicer said , "I have not seen the video ", when asked to comment on the incident, USA Today reported . Secretary-General Jens Stoltenberg said that joining the USA -led anti-IS coalition "will send a strong political message of NATO's commitment to the fight against terrorism and also improve our co-ordination within the coalition". (more...)
Michael Flynn's businesses to be subpoenaed Michael Flynn's businesses to be subpoenaed
- May 26, 2017

Former CIA chief John Brennan has said the agency had proof of contacts between Russian Federation and members of United States president Donald Trump's campaign team past year, but he stopped short of accusing members of the Trump team of "collusion" with Russian Federation. (more...)
Republican Greg Gianforte wins Montana special election
- May 26, 2017

The alleged attack was witnessed by a crew of Fox News reporters who were also on site for interviews. According to Alexis Levinson, a reporter for BuzzFeed, Jacobs had followed the candidate into a room where a camera was set up for an interview, before the event began. (more...)
Gilead Sciences, Inc. (GILD) Shares Sold by Middleton & Co Inc MA Gilead Sciences, Inc. (GILD) Shares Sold by Middleton & Co Inc MA
- May 26, 2017

About shares traded. Alliant Energy Corporation (NYSE:LNT) has risen 11.22% since May 26, 2016 and is uptrending. It has underperformed by 0.08% the S&P500. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GILD . 950.84 million shares or 0.69% more from 944.29 million shares in 2016Q3 were reported. (more...)
China urges North Korea talks, skirts questions on US sanctions push China urges North Korea talks, skirts questions on US sanctions push
- May 26, 2017

A year earlier, a South Korean fisherman found the wreckage of a North Korean drone in his net near a frontline island south of the rivals' disputed Yellow Sea border. Moon is seeking to reform the South's way of dealing with the North amid the continuing tensions and war of words between Pyongyang and Washington. (more...)

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