Markets


SoftBank Vision Fund invests in Flipkart, becomes one of the largest shareholders SoftBank Vision Fund invests in Flipkart, becomes one of the largest shareholders
- August 10, 2017

The three people, who asked not to be identified, said the investment was at least $2.5 billion. The latest funding comes at a time when the buzz about Snapdeal Flipkart deal fallout is just settling down. For almost two years, the battle for dominance in e-commerce was a three-way race between Flipkart , Amazon and Snapdeal . Citi served as financial advisor and AZB & Partners served as legal advisor to the SoftBank Vision Fund . (more...)
Sensex, Nifty trade in red; Tata Motors touch new low Sensex, Nifty trade in red; Tata Motors touch new low
- August 10, 2017

The automaker's shares fell as much as 7.2 per cent to their lowest in over a year after the company's 42 per cent rise in June-quarter profit , helped by a one-off gain related to changes to Jaguar Land Rover's pension plans, failed to please investors. (more...)
Asia stocks snap back into the red on lingering North Korea tensions Asia stocks snap back into the red on lingering North Korea tensions
- August 10, 2017

Editor's Remarks: Donald Trump's "fire and fury" comments and North Korea's threats to strike Guam have sent jitters through global markets. Gold rose 0.2 percent to $1,279.20 an ounce by 11 a.m.in London after touching the highest since June 14. (more...)
A Good Time to Consider Office Depot, Inc. (ODP), Rexnord Corporation (RXN)
- August 10, 2017

The institutional investor owned 792,004 shares of the specialty retailer's stock after selling 52,918 shares during the period. Office Depot shares closed Tuesday's trading at $6.11, down 0.97 percent. Office Depot had a net margin of 3.93% and a return on equity of 13.39%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. (more...)
Asian stocks fall as North Korea, US tensions escalate Asian stocks fall as North Korea, US tensions escalate
- August 10, 2017

However, stability returned to markets this morning after Secretary of State Rex Tillerson sought to play down tensions triggered when President Donald Trump stunned the world with an apocalyptic warning to unleash " fire and fury " on North Korea . (more...)
Iran aim at fourth title at FIBA Asia Cup Iran aim at fourth title at FIBA Asia Cup
- August 10, 2017

Iran will take part with an imposing, experienced and highly skilled frontline in the event that's led by maybe the most intimidating player in the tournament, Hamed Haddadi. China played minus its two star players Yi Jianlian and Zhou Qi . Group B consists of China , Iraq , the Philippines and Qatar . Jordan will face Syria in the second Group D match later today. (more...)
Walmart apologizes for display marketing firearms as back-to-school items Walmart apologizes for display marketing firearms as back-to-school items
- August 10, 2017

A USA retail chain has apologised for one of its stores showing signage that appeared to market guns as back-to-school item. "2207520000.1499746409./1327188110713144/?type=3&theater" target="_blank">advertising campaign selling superhero clothing and does not have any association with firearms sales. (more...)
Australia-Japan-United States Trilateral Strategic Dialogue Ministerial Joint Statement Australia-Japan-United States Trilateral Strategic Dialogue Ministerial Joint Statement
- August 10, 2017

The ministers called on North Korea to immediately and fully comply with relevant UNSC resolutions and the Joint Statement of the Six-Party Talks of September 2005. The U.S. and ASEAN claimants to the waters and islands oppose the work. "Not this kind of episodic back and forth that we've seen". However, similar proposals have previously been rejected by Washington. (more...)
Asian stocks lower as US, NKorea nuclear tensions rise Asian stocks lower as US, NKorea nuclear tensions rise
- August 10, 2017

The S&P 500 lost six points, or 0.24%, to close at 2,475 and the Nasdaq Composite dropped 13 points, or 0.21%, to 6,370. The S&P had been down 0.52 percent at its session low. Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting. Shares of hotelier Marriott International slumped more than 3%, a day after the firm said it expected limited growth in North America in coming months. (more...)
Kerala Cricket Association seeks BCCI decision on Sreesanth's readiness to comeback Kerala Cricket Association seeks BCCI decision on Sreesanth's readiness to comeback
- August 10, 2017

Former India captain Mohammad Azharuddin today defended Anil Kumble's decision to quit as Indian cricket team's head coach, saying the legendary legspinner took the right call in the interest of his self respect. "I am hoping this case is resolved at the earliest and we move ahead", Azhar told reporters in Mumbai where he was present during a promotional event yesterday. (more...)
Vince Wilfork signs one-day contract, retires as a Patriot
- August 10, 2017

ESPN further noted: "American said past year that it would no longer fly the Arizona Cardinals , Baltimore Ravens , Indianapolis Colts , Jacksonville Jaguars , Pittsburgh Steelers and Miami Dolphins ". "He kept that up for his entire career, he would always give me a kiss for Momma". Wilfork, 35, signed with the Houston Texans in 2015 as a free agent and played his final two seasons there. (more...)
Corea del Nord, intelligence Usa: "Prodotta una mini-testata nucleare"
- August 10, 2017

Secondo quanto comunicato, le sanzioni sarebbero l'esito di un "odioso complotto degli Usa per isolare e soffocare" la Corea del Nord . Lo riferisce la Fox: il dispiegamento dei missili , il primo dal 2014 a questa parte, รจ stato individuato "dai satelliti spia americani", scrive l'emittente. (more...)
Guam Governor Downplays N. Korean Missile Threat Guam Governor Downplays N. Korean Missile Threat
- August 10, 2017

Traditional global safe-haven trades like gold and the Swiss franc rose Wednesday as tensions between the United States and North Korea escalated. But GHS/OCD says in a release that there will be no change to the threat level for Guam at this point. Chamorros are the indigenous people of Guam. (more...)
Wall Street swings lower on North Korea fears Wall Street swings lower on North Korea fears
- August 10, 2017

Disappointing company earnings also helped pull the market lower, with consumer-focused companies and technology stocks among the biggest decliners. "Tensions will continue to mount and could eventually develop into a "black swan" event that the markets are not prudently considering", said Steve Hanke, professor of Applied Economics at America's Johns Hopkins University. (more...)
John Cena on his neck bump against Shinsuke Nakamura on Smackdown Live John Cena on his neck bump against Shinsuke Nakamura on Smackdown Live
- August 10, 2017

The win, however, wasn't all plesant for Ortan, who while returning backstage after the fight was kicked by Rusev, Orton's SummerSlam opponent. The 16-time WWE champion also lost his WWE Title in 2014 when he got squashed by Brock Lesnar. (more...)
Crude Oil Stuck Below USD50 As OPEC Meets - Finance News Crude Oil Stuck Below USD50 As OPEC Meets - Finance News
- August 10, 2017

Last month, OPEC's de-facto leader and largest producer pledged to cut overall August exports to 6. 6 million bpd in a bid to compensate for declining compliance with last year's production cut agreement aimed at boosting worldwide prices. (more...)
Twenty-First Century Fox, Inc. (FOXA) closed its previous trading session at $28.03 Twenty-First Century Fox, Inc. (FOXA) closed its previous trading session at $28.03
- August 10, 2017

Shares of Twenty-First Century Fox (FOX) traded down 0.47% during midday trading on Friday, reaching $27.71. Finally, TheStreet raised shares of Twenty-First Century Fox from a "c+" rating to a "b-" rating in a report on Friday, August 4th. (more...)
Delta Air Lines breaks ground on $4bn LaGuardia Airport development Delta Air Lines breaks ground on $4bn LaGuardia Airport development
- August 09, 2017

That firm will now partner with the JLC Infrastructure Fund, which was launched by Magic Johnson earlier this year. The Delta facility is the final component of the new LaGuardia, which will provide travelers with state-of-the-art amenities and expanded public transportation, including a planned AirTrain. (more...)
Solar eclipse will impact nearly 2000 utility-scale solar plants
- August 09, 2017

People are very excited about this; they've been buying up eclipse-viewing glasses on Amazon ( even fake ones ) and booking trips to locales along the diagonal line between OR and North Carolina where the total eclipse will be viewable for a couple of minutes OR so, aka the ominous sounding path of totality. (more...)
Our FAVOURITE Love Island stars just landed their own TV show Our FAVOURITE Love Island stars just landed their own TV show
- August 09, 2017

Taking to Twitter to confirm the exciting project, Chris wrote: "Back with my brother, our own tv show coming soon". Loading praise on her loved ones, including the Gloucestershire-born lad, she continued: 'Those of you forever back me. (more...)

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