Markets
Total set to pull out of Iran gas deal without sanctions waiver
- May 17, 2018
These renewed sanctions imposed by President Trump have left some major European companies in a quandary as to what to do with their business operations. Upon withdrawing from the agreement, President Trump stated that he will once again impose sanctions on Iran, and companies that wish to do business utilizing the United States banking system will be sanctioned if they continue to do business with Iran after a period of 90 days. (more...)
- May 17, 2018
These renewed sanctions imposed by President Trump have left some major European companies in a quandary as to what to do with their business operations. Upon withdrawing from the agreement, President Trump stated that he will once again impose sanctions on Iran, and companies that wish to do business utilizing the United States banking system will be sanctioned if they continue to do business with Iran after a period of 90 days. (more...)
Tata Steel reports Q4 net profit at Rs 14688 crore
- May 17, 2018
The consolidated total income of the company increased by 16 per cent to ₹ 20,862 crore during the quarter as against ₹ 17,973 crore in the corresponding quarter of the previous fiscal. "The Company will set up power plants of 175 MW and 60 MW to effectively utilise flue gases and steam generated from Coke Dry Quenching (CDQ), which will lead to savings in power", JSW Steel said. (more...)
- May 17, 2018
The consolidated total income of the company increased by 16 per cent to ₹ 20,862 crore during the quarter as against ₹ 17,973 crore in the corresponding quarter of the previous fiscal. "The Company will set up power plants of 175 MW and 60 MW to effectively utilise flue gases and steam generated from Coke Dry Quenching (CDQ), which will lead to savings in power", JSW Steel said. (more...)
Coinbase To Launch Four New Initiatives To Attract Institutional Investors
- May 17, 2018
Coinbase is making a major investment in Chicago through a new engineering office that will focus on further developing Coinbase Markets , the premier electronic marketplace for cryptocurrencies. As institutional capital begins to enter the blockchain ecosystem at high speed, Coinbase is positioned to function as a driving force behind adoption and the inevitable maturation of the crypto market. (more...)
- May 17, 2018
Coinbase is making a major investment in Chicago through a new engineering office that will focus on further developing Coinbase Markets , the premier electronic marketplace for cryptocurrencies. As institutional capital begins to enter the blockchain ecosystem at high speed, Coinbase is positioned to function as a driving force behind adoption and the inevitable maturation of the crypto market. (more...)
Paddy Power Betfair says in discussions to buy Fanduel
- May 17, 2018
Many analysts believe London-listed firms are well placed to grab a slice of the United States market, where some estimates say almost $150bn (£111bn) in illegal wagers are placed every year. The shares rose 6.6% to £82.70 on the news of the bookmaker's plans for U.S. expansion, just days after a court ruling that could unlock the betting market in the world's largest economy. (more...)
- May 17, 2018
Many analysts believe London-listed firms are well placed to grab a slice of the United States market, where some estimates say almost $150bn (£111bn) in illegal wagers are placed every year. The shares rose 6.6% to £82.70 on the news of the bookmaker's plans for U.S. expansion, just days after a court ruling that could unlock the betting market in the world's largest economy. (more...)
Amazon introduces Kaleido to simplify the use of blockchain for customers
- May 17, 2018
He says Consensys which handles over 50 Blockchain projects saw a significant expansion with growing interest in the technology. Cloud computing giant Amazon Web Services ( AWS ) is partnering with blockchain incubator ConsenSys to simplify the process of establishing enterprise blockchains, CNBC reports. (more...)
- May 17, 2018
He says Consensys which handles over 50 Blockchain projects saw a significant expansion with growing interest in the technology. Cloud computing giant Amazon Web Services ( AWS ) is partnering with blockchain incubator ConsenSys to simplify the process of establishing enterprise blockchains, CNBC reports. (more...)
Lachlan Murdoch set to become chairman and CEO of 'New Fox'
- May 17, 2018
He is expected to leave the company. There was no mention of him in either his brother or father's comments on the new leadership structure on Wednesday. In this role, he works directly with the company's senior management and board of directors in developing global strategies and setting the overall corporate vision. (more...)
- May 17, 2018
He is expected to leave the company. There was no mention of him in either his brother or father's comments on the new leadership structure on Wednesday. In this role, he works directly with the company's senior management and board of directors in developing global strategies and setting the overall corporate vision. (more...)
Activist and actress: Meghan Markle before she met Prince Harry
- May 16, 2018
According to a friend, she is begging him to change his mind and walk her down the aisle as planned. The TMZ website reported on Monday that he had decided not to attend the glittering wedding at the castle, the home of English and British monarchs for nearly 1,000 years. (more...)
- May 16, 2018
According to a friend, she is begging him to change his mind and walk her down the aisle as planned. The TMZ website reported on Monday that he had decided not to attend the glittering wedding at the castle, the home of English and British monarchs for nearly 1,000 years. (more...)
Macy's Q1 Earnings Report: What You Need To Know
- May 16, 2018
Royal Bank of Canada set a $26.00 price objective on shares of Macy's and gave the stock a "hold" rating in a research note on Friday, January 19th. The stock was sold at an average price of $29.39, for a total transaction of $1,984,265.85. Following the sale, the director now directly owns 16,184 shares of the company's stock, valued at approximately $473,382. (more...)
- May 16, 2018
Royal Bank of Canada set a $26.00 price objective on shares of Macy's and gave the stock a "hold" rating in a research note on Friday, January 19th. The stock was sold at an average price of $29.39, for a total transaction of $1,984,265.85. Following the sale, the director now directly owns 16,184 shares of the company's stock, valued at approximately $473,382. (more...)
Oil prices hit highest in years as markets adjust
- May 16, 2018
Pertinently, North Korea believes it can at least rely on China as a buffer against potential US aggression; Iran does not have a similar faith in Europe. Instead of discussing an extension of production cuts , the organization will be discussing plans to replace Iranian oil on the market and thus increase their oil output. (more...)
- May 16, 2018
Pertinently, North Korea believes it can at least rely on China as a buffer against potential US aggression; Iran does not have a similar faith in Europe. Instead of discussing an extension of production cuts , the organization will be discussing plans to replace Iranian oil on the market and thus increase their oil output. (more...)
Iran envoy embarks on support tour after USA withdrawal from nuclear deal
- May 16, 2018
After the U.S. walked out of the Iran deal, the U.S. will be targeting Iran's crude oil sales, and sanctions previously lifted under the deal will be re-imposed following a 180-day wind-down period, the U.S. "This agreement remains important for our shared security", a joint statement signed by French President Emmanuel Macron, German Chancellor Angela Merkel and UK Prime Minister Theresa May said on Tuesday. (more...)
- May 16, 2018
After the U.S. walked out of the Iran deal, the U.S. will be targeting Iran's crude oil sales, and sanctions previously lifted under the deal will be re-imposed following a 180-day wind-down period, the U.S. "This agreement remains important for our shared security", a joint statement signed by French President Emmanuel Macron, German Chancellor Angela Merkel and UK Prime Minister Theresa May said on Tuesday. (more...)
US Senate set to cast vote on saving Net Neutrality today
- May 16, 2018
The US Senate on Wednesday is scheduled to vote on whether to reinstate the Federal Communications Commission's net-neutrality rules. Sen. Ed Markey , who is now leading of the effort to save Net Neutrality , stated that the possibility of President Trump blocking the movement if it passes the necessary votes would create a "political firestorm", however the controversial world leader hasn't shied from such backlash in the past. (more...)
- May 16, 2018
The US Senate on Wednesday is scheduled to vote on whether to reinstate the Federal Communications Commission's net-neutrality rules. Sen. Ed Markey , who is now leading of the effort to save Net Neutrality , stated that the possibility of President Trump blocking the movement if it passes the necessary votes would create a "political firestorm", however the controversial world leader hasn't shied from such backlash in the past. (more...)
Tesla SUV earns Guinness World Record by towing plane almost 1000 feet
- May 16, 2018
Avid motoring enthusiasts probably remember Volkswagen towing a Boeing 747 with a diesel V10 Touareg. This isn't the first time that the Tesla crossover has exhibited its impressive towing capabilities. Qantas and Tesla are also teaming up to better benefit their customers. Admittedly, there were no passengers or cargo on the plane - there was some fuel onboard - but it was still a fair way above the Model X's 2.5-tonne tow rating, nonetheless. (more...)
- May 16, 2018
Avid motoring enthusiasts probably remember Volkswagen towing a Boeing 747 with a diesel V10 Touareg. This isn't the first time that the Tesla crossover has exhibited its impressive towing capabilities. Qantas and Tesla are also teaming up to better benefit their customers. Admittedly, there were no passengers or cargo on the plane - there was some fuel onboard - but it was still a fair way above the Model X's 2.5-tonne tow rating, nonetheless. (more...)
Next Volvo S60 won't offer diesel option
- May 16, 2018
In 2017, Volvo confirmed plans to electrify all new models from 2019 onward, with powertrains set to include hybrid, plug-in hybrid and pure electric versions. Production of the new S60 will start at Volvo's recently constructed plant outside of Charleston, South Carolina. The Charleston plant will be the only manufacturing location for the new S60, meaning American-built S60s will be sold in the U.S. (more...)
- May 16, 2018
In 2017, Volvo confirmed plans to electrify all new models from 2019 onward, with powertrains set to include hybrid, plug-in hybrid and pure electric versions. Production of the new S60 will start at Volvo's recently constructed plant outside of Charleston, South Carolina. The Charleston plant will be the only manufacturing location for the new S60, meaning American-built S60s will be sold in the U.S. (more...)
United Kingdom police facial-recognition tools incorrect in more than 90pc of cases
- May 16, 2018
United Kingdom police facial recognition is lawless, undemocratic, and dangerously inaccurate. He continued: " We're seeing ordinary people being asked to produce ID to prove their innocence as police are wrongly identifying thousands of innocent citizens as criminals ". (more...)
- May 16, 2018
United Kingdom police facial recognition is lawless, undemocratic, and dangerously inaccurate. He continued: " We're seeing ordinary people being asked to produce ID to prove their innocence as police are wrongly identifying thousands of innocent citizens as criminals ". (more...)
Amazon Prime chooses Florida for new Whole Foods discounts
- May 16, 2018
The company said it will also start offering "weekly deep discounts on select best-selling items" for Prime members, too. Discounts for Prime members will work through the Whole Foods Market app. Amazon has more than 100 million Prime customers worldwide and recently announced that it would increase the membership fee for the service, to $119 a year from $99, to pay for all the new benefits it is adding to it. (more...)
- May 16, 2018
The company said it will also start offering "weekly deep discounts on select best-selling items" for Prime members, too. Discounts for Prime members will work through the Whole Foods Market app. Amazon has more than 100 million Prime customers worldwide and recently announced that it would increase the membership fee for the service, to $119 a year from $99, to pay for all the new benefits it is adding to it. (more...)
Soon: Delhi-New York for just Rs 13500, courtesy this budget carrier
- May 16, 2018
The special fare is available for travel only from January 10 through March 31 next year when booked with a return trip. Wow Air, which would be flying an Airbus A330 Neo to India and operate five days a week, now serves 39 destinations across Europe and North America including London , Paris, New York, Toronto , Baltimore, San Francisco and Chicago. (more...)
- May 16, 2018
The special fare is available for travel only from January 10 through March 31 next year when booked with a return trip. Wow Air, which would be flying an Airbus A330 Neo to India and operate five days a week, now serves 39 destinations across Europe and North America including London , Paris, New York, Toronto , Baltimore, San Francisco and Chicago. (more...)
Japan's economy just shrunk for the first time in over 2 years
- May 16, 2018
The economy was dragged down by sluggish private consumption and capital expenditure. The GDP deflator fell 0.2% on year, defying forecasts for a gain of 0.3% following the flat reading in the previous three months. Economists don't expect the period of contraction to last long. This is a concern for Japanese manufacturers because many of these machines and electronic components are sent to China, where they are used to produce goods for export, but this trade is at risk if the Trump ... (more...)
- May 16, 2018
The economy was dragged down by sluggish private consumption and capital expenditure. The GDP deflator fell 0.2% on year, defying forecasts for a gain of 0.3% following the flat reading in the previous three months. Economists don't expect the period of contraction to last long. This is a concern for Japanese manufacturers because many of these machines and electronic components are sent to China, where they are used to produce goods for export, but this trade is at risk if the Trump ... (more...)
Markets Right Now: Stocks are mostly lower; bond yields rise
- May 16, 2018
The prospect of higher interest rates weighed on homebuilders, while the pickup in bond yields sent shares in high-dividend paying stocks lower . THE QUOTE: "We're of the view that we're not in a high-rate environment, we're in a less-low rate environment", said Erik Davidson, chief investment officer at Wells Fargo Private Bank. (more...)
- May 16, 2018
The prospect of higher interest rates weighed on homebuilders, while the pickup in bond yields sent shares in high-dividend paying stocks lower . THE QUOTE: "We're of the view that we're not in a high-rate environment, we're in a less-low rate environment", said Erik Davidson, chief investment officer at Wells Fargo Private Bank. (more...)
Moscow does not rule out Iran's pullout from nuclear deal - diplomat
- May 16, 2018
US President Donald Trump announced on May 8 that Washington withdrew from the 2015 Iranian nuclear deal as it provides Iran with possibilities of creating a nuclear bomb bypassing all now in force restrictions under the agreement and added that another deal should be signed with Tehran. (more...)
- May 16, 2018
US President Donald Trump announced on May 8 that Washington withdrew from the 2015 Iranian nuclear deal as it provides Iran with possibilities of creating a nuclear bomb bypassing all now in force restrictions under the agreement and added that another deal should be signed with Tehran. (more...)
US Imposes Sanctions on Iran Central Bank Governor over Terror Links
- May 16, 2018
Treasury Department said in a statement . "These actions build upon President Trump's May 8 decision to cease the United States' participation in the Joint Comprehensive Plan of Action (JCPOA) and begin reimposing U.S. The sanctions targeting Iran's central bank executives are some of the first actions by Trump's administration since pulling out of the deal to start ramping up that economic pressure. (more...)
- May 16, 2018
Treasury Department said in a statement . "These actions build upon President Trump's May 8 decision to cease the United States' participation in the Joint Comprehensive Plan of Action (JCPOA) and begin reimposing U.S. The sanctions targeting Iran's central bank executives are some of the first actions by Trump's administration since pulling out of the deal to start ramping up that economic pressure. (more...)
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Oil prices: IEA, OPEC weigh in with forecasts