Markets


Sri Lanka whitewash might Australia in Test series
- August 21, 2016

Set 324 to win, Australia reached 77 without loss in their second innings but the dismissal of the opener Shaun Marsh on the stroke of lunch triggered a collapse to 160 all out in the middle session. "He couldn't run and he couldn't jump". Sri Lanka's three comfortable victories came in a flurry after they had beaten Australia only once - in 1999 - in 33 years before this tour. (more...)
Wall St drops as weak oil weighs on energy shares
- August 21, 2016

MANILA, Philippines (AP) - Asian stocks were mostly down Thursday after a sell-off in energy companies due to lower oil prices pulled down US stocks overnight, and with regional volumes affected by the closure of Japan's stock exchange for a holiday. (more...)
Oil prices dip on prospect of high-production by Saudi Arabia Oil prices dip on prospect of high-production by Saudi Arabia
- August 21, 2016

NEW YORK, United States-Oil prices continued to rally Thursday with Brent oil topping $50 a barrel following data showing lower U.S. crude stockpiles. "The OPEC headlines are the spark that's feeding the fire". Saudi Arabia , OPEC's top producer, and non-OPEC member Russian Federation have hinted at cooperation on market stability ahead of the September meeting. (more...)
Cisco to lay off 5500 workers, earnings beat expectations Cisco to lay off 5500 workers, earnings beat expectations
- August 21, 2016

Cisco shares fell about 1 percent in after-hours trading. Revenue for the company's fiscal fourth quarter fell to $12.64 billion from $12.84 billion in the corresponding quarter past year. "We believe we will transition more of our revenues to software and subscription based model and accelerate our shift across our portfolio", said Cisco CEO, Chuck Robbins. (more...)
Everything You Must Know About Urjit Patel, the Next RBI Governor Everything You Must Know About Urjit Patel, the Next RBI Governor
- August 21, 2016

In that short time he transformed the RBI into an inflation-targeting central bank, with a central goal for consumer price growth of 4 percent. Expectations are starting to mount for the RBI to cut rates at its next monetary policy meeting on October 4. (more...)
Mission: Improfitable? Tom Cruise Wants More Money for M:I6 Mission: Improfitable? Tom Cruise Wants More Money for M:I6
- August 21, 2016

Although "Mission: Impossible 6" had been scheduled to start production in January 2017, pre-production has been halted on the blockbuster sequel because of disagreements between Cruise and studio Paramount over the actor/producer's payment package. (more...)
Clinton Campaign on Trump Speech: 'Teleprompter Regret'
- August 20, 2016

It was a rare admission for Trump, who has said he prefers "not to regret anything". Trump previous year called out Sen. Rarely do presidential campaigns wait to advertise, or undergo such leadership tumult, at such a late stage of the general election. (more...)
Lifelike doll in hot car prompts police to smash window Lifelike doll in hot car prompts police to smash window
- August 20, 2016

And I'm like, " This is a doll "'. She now collects realistic dolls, called "reborn" dolls, as a means to cope with her loss. Lieutenant Jason Short shattered the window with his baton. Collectors of the dolls claim that they are useful transitional items for people who are suffering from loss or abandonment. "I would never assume that it's a doll", he said. (more...)
UK retail spending in surprise jump after Brexit vote UK retail spending in surprise jump after Brexit vote
- August 20, 2016

The Bank of England this month decreased interest rates to a record low 0.25% and introduced new quantitative easing programs to shore up the United Kingdom economy against the Brexit shock. Meanwhile on Tuesday, consumer prices in the United Kingdom saw their largest rise in July since November 2014, amid warnings that sterling's dramatic fall could stoke inflation . (more...)
World stocks rise, dollar weakens on divided Fed
- August 20, 2016

The euro was last up 0.56 percent against the dollar at $1.1350. The dollar wallowed close to eight-week lows against the euro in Asian trade on Friday, poised for weekly losses, after minutes of the U.S. At home, the FTSE 100 gained 9.81 points to end the session 0.14 percent higher at 6,868.96, with a weaker dollar propping up metals prices and fuelling demand for London-listed miners. (more...)
UN remarks on Haiti cholera a 'groundbreaking' step to justice, say lawyers UN remarks on Haiti cholera a 'groundbreaking' step to justice, say lawyers
- August 20, 2016

Five U.N. human rights experts criticized the United Nations in a letter to top U.N. officials late a year ago for its "effective denial of the fundamental right of the victims of cholera to justice". At the end of 2012, Ban announced a $2-billion initiative to help eradicate cholera in Haiti and neighboring Dominican Republic, which share the island of Hispaniola. (more...)
RBS to charge institutional clients for holding cash RBS to charge institutional clients for holding cash
- August 20, 2016

Only one customer is a corporate client while the rest are financial institutions. The move comes after the Bank of England slashed its key interest rate to a fresh low of 0.25% as part of a post-Brexit stimulus package earlier this month. (more...)
Russian man's computer linked to hacking scheme
- August 20, 2016

In a federal trial beginning this week, prosecutors will present evidence they say proves Seleznev hacked into US businesses, mostly pizza restaurants in Washington state. Most recently, he retained Browne and his law partner, Emma Scanlan, who in May alleged federal agents tampered with Seleznev's computer after his arrest and sought to suppress key evidence in the trial. (more...)
Ryan Acquires 50000 Shares of Chesapeake Energy Corp. (CHK) Stock Ryan Acquires 50000 Shares of Chesapeake Energy Corp. (CHK) Stock
- August 20, 2016

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on November, 2. Goldman Sachs Bank USA, Citigroup Global Markets Inc. and MUFG will serve as the joint lead arrangers for the term loan. MUSA and Parsley Energy, Inc. The last trading range of the stock ranges between $1.95 and $2.32. Analyst's mean target price for JONE is $5.94 while analysts mean recommendation is 2.50. (more...)
Fed's Williams says rate hikes 'make sense,' and sooner than later
- August 20, 2016

Gold for December delivery was recently up 0.5% at $1355.20 a troy ounce on the Comex division of the New York Mercantile Exchange. "The focus this week has been on the Fed minutes, which on balance to this reader seemed to suggest that there was a greater likelihood of an interest rate increase before the end of the year, and markets have not been counting on Fed action in that horizon", said Carl Tannenbaum, chief economist for Northern Trust in Chicago. (more...)
Dollar weaken further on ambivalent Fed stance
- August 20, 2016

San Francisco Fed President John Williams on Thursday joined a growing chorus of his colleagues signalling support for a USA interest rate hike in coming months. It is down 1.4% for the week. Brent crude fell 0.4 per cent to US$50.69 (RM203.30) a barrel, ending a six-day run of gains, while WTI light crude was little changed at US$48.27. (more...)
Nomura maintained American Eagle Outfitters (NYSE:AEO) as 'Neutral' With 17 PT Nomura maintained American Eagle Outfitters (NYSE:AEO) as 'Neutral' With 17 PT
- August 20, 2016

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 17th. 4,094,546 shares of the company traded hands. The stock has a market capitalization of $3.45 billion and a PE ratio of 16.038. These analysts have also projected a Low Estimate of $0.4/share and a High Estimate of $0.42/share. Kessler Charles F offloaded 4,784 shares in the company at a per-share price of $15.85 and ended up generating $75,830 in proceeds. (more...)
Pennsylvania unemployment rate in July remains unchanged at 5.6 percent Pennsylvania unemployment rate in July remains unchanged at 5.6 percent
- August 20, 2016

The statewide jobless rate for June was 4.5 percent, up one-tenth of a percentage point from May. South Carolina's seasonally adjusted unemployment rate for July 2016 dropped to its lowest level since June 2001. A year ago, the rate was also 4.2 percent. The agency says Texas has added jobs in 15 of the last 16 months. Governor Hogan commented saying, "Businesses are returning to and expanding in our state, and that means more jobs and more opportunities for our top-notch workforce". (more...)
Gawker assets are bit-players in Univision future Gawker assets are bit-players in Univision future
- August 20, 2016

Although Univision has no intention of operating Gawker.com, the media conglomerate is certainly interested in the site's writers and editors. Univision Communications , a Spanish-language media company, agreed on Tuesday to buy six of Gawker's blogs in a bankruptcy auction for about $135 million. (more...)
Rio 2016: Lochte issues apology, but stands by gunpoint claim Rio 2016: Lochte issues apology, but stands by gunpoint claim
- August 20, 2016

When investigating the now known to be false claims police grew suspicious after the swimmers - Gunnar Bentz , 20, Jack Conger , 21, Jimmy Feign, 26, and Lochte - were unable to provide key details about the incident. Conger and Bentz were taken off a US-bound flight just before its departure from Rio worldwide, while Feigen has paid $11,000. Instead, they said Lochte had vandalised a local gas station early on Sunday and had an altercation with a security guard. (more...)

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