Markets
Trudeau begins first visit to China
- September 01, 2016
Li Haidong, a professor with the Institute of International Relations at China Foreign Affairs University, told the Global Times on Wednesday that joining the AIIB is also a step for Canada to take a part in regional economic integration in Asia. (more...)
- September 01, 2016
Li Haidong, a professor with the Institute of International Relations at China Foreign Affairs University, told the Global Times on Wednesday that joining the AIIB is also a step for Canada to take a part in regional economic integration in Asia. (more...)
Deutsche Bank chief urges European banks to merge
- September 01, 2016
Deutsche Bank (ETR:DBK) Chief Executive Officer John Cryan has played down reports that the German lender is considering merging with rival Commerzbank (ETR:CBK), although he did admit that Germany has too many banks and that Deutsche Bank was looking to downsize. (more...)
- September 01, 2016
Deutsche Bank (ETR:DBK) Chief Executive Officer John Cryan has played down reports that the German lender is considering merging with rival Commerzbank (ETR:CBK), although he did admit that Germany has too many banks and that Deutsche Bank was looking to downsize. (more...)
Why Palo Alto Networks Shares Just Nosedived
- September 01, 2016
The firm's market capitalization is $12.85 billion. The stock's price moved down its 200-day moving average of $44.83. During the 52-week period, the peak price level of the share was observed at $194.73; this is higher price of share and down price level of the share was seen at $111.09; this is lower price at which share is traded. (more...)
- September 01, 2016
The firm's market capitalization is $12.85 billion. The stock's price moved down its 200-day moving average of $44.83. During the 52-week period, the peak price level of the share was observed at $194.73; this is higher price of share and down price level of the share was seen at $111.09; this is lower price at which share is traded. (more...)
Karyopharm Therapeutics (NASDAQ:KPTI) Receives 'Buy' Rating From Brokers At Jefferies & Co
- September 01, 2016
The firm's 50-day moving average price is $7.29 and its 200 day moving average price is $7.95. The company has total market value of 350.17M. Karyopharm Therapeutics has a 12 month low of $4.83 and a 12 month high of $19.41. Royal Bank of Canada increased its position in Karyopharm Therapeutics by 5.1% in the first quarter. Royal Bank of Canada now owns 43,600 shares of the company's stock worth $388,000 after buying an additional 2,126 shares during the period. (more...)
- September 01, 2016
The firm's 50-day moving average price is $7.29 and its 200 day moving average price is $7.95. The company has total market value of 350.17M. Karyopharm Therapeutics has a 12 month low of $4.83 and a 12 month high of $19.41. Royal Bank of Canada increased its position in Karyopharm Therapeutics by 5.1% in the first quarter. Royal Bank of Canada now owns 43,600 shares of the company's stock worth $388,000 after buying an additional 2,126 shares during the period. (more...)
India's GDP growth for first quarter slows to 7.1%
- September 01, 2016
Economists anticipate more strength to come from people who will be getting more money to spend. Mr Modi has sought to get growth moving by implementing reforms and boosting government spending to offset a lack of private sector investment. (more...)
- September 01, 2016
Economists anticipate more strength to come from people who will be getting more money to spend. Mr Modi has sought to get growth moving by implementing reforms and boosting government spending to offset a lack of private sector investment. (more...)
Toronto stock market down after disappointing GDP data, low oil prices
- September 01, 2016
Health-care stocks also felt lousy at day's end, with Valeant Pharmaceuticals stumbled $1.61, or 4.1%, to $37.99, and Concordia International faded 27 cents, or 2.3%, to $11.43. Data earlier showed the private sector created 177,000 jobs in August, in line with expectations, and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. (more...)
- September 01, 2016
Health-care stocks also felt lousy at day's end, with Valeant Pharmaceuticals stumbled $1.61, or 4.1%, to $37.99, and Concordia International faded 27 cents, or 2.3%, to $11.43. Data earlier showed the private sector created 177,000 jobs in August, in line with expectations, and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. (more...)
Brazil's President Rousseff ousted from office by Senate
- September 01, 2016
Yesterday, there were emotional scenes in the Senate as her defence lawyer and former Attorney General, José Eduardo Cardozo, and lawyer for the accusation, Janaína Paschoal, both welled up after speaking. Temer's Cabinet has been roundly criticized for its lack of diversity, and three ministers were forced to step down within a month of taking office because of corruption allegations. (more...)
- September 01, 2016
Yesterday, there were emotional scenes in the Senate as her defence lawyer and former Attorney General, José Eduardo Cardozo, and lawyer for the accusation, Janaína Paschoal, both welled up after speaking. Temer's Cabinet has been roundly criticized for its lack of diversity, and three ministers were forced to step down within a month of taking office because of corruption allegations. (more...)
Mondelez drops takeover bid for United States chocolate maker Hershey
- September 01, 2016
Hershey shares fell $12.77 (-11.44%) to $98.90 in after-hours trading. Hershey rejected the offer, which amounted to $107 a share, half in cash and half in stock. The Hershey Trust is revamping its board and management rules after coming under scrutiny for its spending practices. In 2002, the trust put Hershey up for sale, citing a need to diversify its holdings. (more...)
- September 01, 2016
Hershey shares fell $12.77 (-11.44%) to $98.90 in after-hours trading. Hershey rejected the offer, which amounted to $107 a share, half in cash and half in stock. The Hershey Trust is revamping its board and management rules after coming under scrutiny for its spending practices. In 2002, the trust put Hershey up for sale, citing a need to diversify its holdings. (more...)
Canadian economy shrinks in second quarter, worst showing since financial crisis
- September 01, 2016
In a piece titled Canada: Excluding energy, non-financial profits stay resilient, National Bank Senior Economist Marc Pinsonneault reports that while energy companies and financial companies have taken a beating, companies outside those groups have so far managed to withstand the blows. (more...)
- September 01, 2016
In a piece titled Canada: Excluding energy, non-financial profits stay resilient, National Bank Senior Economist Marc Pinsonneault reports that while energy companies and financial companies have taken a beating, companies outside those groups have so far managed to withstand the blows. (more...)
Tentative deal reached at Canada Post
- September 01, 2016
Early details of the tentative agreements , which will be put to union members for ratification in the coming weeks, show the union was also successful in staving off more closures of Canada Post outlets. CUPW has sought to keep defined benefit pension plans for newer workers. Ahe added: "This means that Canadian families and businesses will not be impacted by any work stoppages today". (more...)
- September 01, 2016
Early details of the tentative agreements , which will be put to union members for ratification in the coming weeks, show the union was also successful in staving off more closures of Canada Post outlets. CUPW has sought to keep defined benefit pension plans for newer workers. Ahe added: "This means that Canadian families and businesses will not be impacted by any work stoppages today". (more...)
Yellen Hints at Possible Rate Hike
- September 01, 2016
Stanley Fischer, the vice chair of the Fed, echoed Yellen's view that the economy is doing well, especially in terms of jobs growth. A government report released today showed that the US economy has expanded slower than previously estimated in the second quarter, as businesses are running down their inventories faster and state and local governments have reduced their spending. (more...)
- September 01, 2016
Stanley Fischer, the vice chair of the Fed, echoed Yellen's view that the economy is doing well, especially in terms of jobs growth. A government report released today showed that the US economy has expanded slower than previously estimated in the second quarter, as businesses are running down their inventories faster and state and local governments have reduced their spending. (more...)
Oil pipeline protesters disrupt construction sites
- September 01, 2016
It's unknown how long the closure will last, she said. When completed, the $3.8 billion, 1,168-mile underground pipeline will carry up to 570,000 barrels of crude oil daily from North Dakota's Bakken oil fields to a distribution hub in IL. (more...)
- September 01, 2016
It's unknown how long the closure will last, she said. When completed, the $3.8 billion, 1,168-mile underground pipeline will carry up to 570,000 barrels of crude oil daily from North Dakota's Bakken oil fields to a distribution hub in IL. (more...)
Pending US home sales strengthened in July
- September 01, 2016
The increase pushed the Pending Home Sales index to its second highest level in over a decade to 111.3, below the best levels seen in April at 115. The Northwest and South each inched up by 0.8 percent, but the West showed a 7.3 percent increase in pending sales. (more...)
- September 01, 2016
The increase pushed the Pending Home Sales index to its second highest level in over a decade to 111.3, below the best levels seen in April at 115. The Northwest and South each inched up by 0.8 percent, but the West showed a 7.3 percent increase in pending sales. (more...)
News photographer rescues pregnant woman from fiery crash
- September 01, 2016
A female passer-by also stopped and called 911. In footage taken by the reporter with Perry, he can be heard telling the woman to "hold on" as he carries her to safety. Paramedics arrived and took the woman to the hospital. The 21-year-old woman seemed confused and weak, but didn't appear to be severely injured. Perry later reflected on the incident: "Feel a little different, you know". (more...)
- September 01, 2016
A female passer-by also stopped and called 911. In footage taken by the reporter with Perry, he can be heard telling the woman to "hold on" as he carries her to safety. Paramedics arrived and took the woman to the hospital. The 21-year-old woman seemed confused and weak, but didn't appear to be severely injured. Perry later reflected on the incident: "Feel a little different, you know". (more...)
Yellen's Jackson Hole Remarks Make U.S. Rate Hike More Likely
- August 31, 2016
Speaking at a three-day worldwide gathering of central bankers and academics in Jackson Hole, Wyoming, Yellen said the "U.S. economy was nearing the Federal Reserve's statutory goals of maximum employment and price stability". "As ever", she said, "the economic outlook is uncertain, and so monetary policy is not on a preset course". "I think that was the lynchpin that catapulted the dollar". (more...)
- August 31, 2016
Speaking at a three-day worldwide gathering of central bankers and academics in Jackson Hole, Wyoming, Yellen said the "U.S. economy was nearing the Federal Reserve's statutory goals of maximum employment and price stability". "As ever", she said, "the economic outlook is uncertain, and so monetary policy is not on a preset course". "I think that was the lynchpin that catapulted the dollar". (more...)
Native American Protesters Halt Pipeline Construction Near North Dakota Reservation
- August 31, 2016
Energy Transfer Partners is the largest transporter of oil in the U.S., by volume. "I was doing what everyone else was doing", Archambault said of his arrest on charges of disorderly conduct. The company behind the pipeline, Dakota Access LLC, has chose to press charges against the protesters, claiming a need to guarantee the safety of their staff. (more...)
- August 31, 2016
Energy Transfer Partners is the largest transporter of oil in the U.S., by volume. "I was doing what everyone else was doing", Archambault said of his arrest on charges of disorderly conduct. The company behind the pipeline, Dakota Access LLC, has chose to press charges against the protesters, claiming a need to guarantee the safety of their staff. (more...)
Bank, auto stocks rally on BSE; Sensex up 200 points
- August 31, 2016
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,372.25 points, traded at 28,475.50 points (at 1.30 p.m.) - up 132.49 points, or 0.47 per cent from the previous close at 28,343.01 points. Other major gainers were Asian Paints, GAIL, HDFC Bank, ICICI Bank, Wipro, Hindustan Unilever, Sun Pharma, Lupin, TCS, ONGC, Infosys, ITC Ltd, Cipla, Power Grid, NTPC and Dr Reddy's. (more...)
- August 31, 2016
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,372.25 points, traded at 28,475.50 points (at 1.30 p.m.) - up 132.49 points, or 0.47 per cent from the previous close at 28,343.01 points. Other major gainers were Asian Paints, GAIL, HDFC Bank, ICICI Bank, Wipro, Hindustan Unilever, Sun Pharma, Lupin, TCS, ONGC, Infosys, ITC Ltd, Cipla, Power Grid, NTPC and Dr Reddy's. (more...)
IS attack targets Turkey-backed Syrian rebels
- August 31, 2016
Shervan Darwish, a spokesman for the Manbij Military Council, part of the USA -backed Kurdish-led Syria Democratic Forces, said the militants used at least three vehicle bombs Tuesday. Sharfan Darwish, a spokesman for the Manbij Military Council, said a ceasefire between Turkey and the Jarablus Military Council was holding. On the eve of the Victory Day holiday, President Tayyip Erdogan said the operation would continue until all threats, including that of Kurdish militia fighters, were ... (more...)
- August 31, 2016
Shervan Darwish, a spokesman for the Manbij Military Council, part of the USA -backed Kurdish-led Syria Democratic Forces, said the militants used at least three vehicle bombs Tuesday. Sharfan Darwish, a spokesman for the Manbij Military Council, said a ceasefire between Turkey and the Jarablus Military Council was holding. On the eve of the Victory Day holiday, President Tayyip Erdogan said the operation would continue until all threats, including that of Kurdish militia fighters, were ... (more...)
Mondelez says it ended talks to buy Hershey
- August 31, 2016
Had Hershey accepted the terms of Mondelez's offer, the merger would have resulted in the creation of the world's largest candy company. The company was created after a split from Kraft Foods , which has since gone on to combine with ketchup maker Heinz to create the Kraft Heinz Co. (more...)
- August 31, 2016
Had Hershey accepted the terms of Mondelez's offer, the merger would have resulted in the creation of the world's largest candy company. The company was created after a split from Kraft Foods , which has since gone on to combine with ketchup maker Heinz to create the Kraft Heinz Co. (more...)
Hershey crashes 11% after chocolate merger talks end
- August 31, 2016
The Deerfield, Illinois-based Mondelez , formerly known as Kraft Foods , also produces popular lines of candies, including Oreo and Chips Ahoy! cookies. In June, Hershey rejected a $107-a-share takeover offer from Mondelez . This item was corrected at 2:57 p.m. ET to show that without the Hershey combination, Mondelez could be relatively attainable by a larger player in the food-and-beverage industry. (more...)
- August 31, 2016
The Deerfield, Illinois-based Mondelez , formerly known as Kraft Foods , also produces popular lines of candies, including Oreo and Chips Ahoy! cookies. In June, Hershey rejected a $107-a-share takeover offer from Mondelez . This item was corrected at 2:57 p.m. ET to show that without the Hershey combination, Mondelez could be relatively attainable by a larger player in the food-and-beverage industry. (more...)
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