Markets


Turkey-backed forces may go deeper into Syria, Deputy PM says
- September 08, 2016

Ankara also wants to check the advance of US -allied Syrian Kurdish fighters in the region. "Obama wants to do some things together concerning Raqqa in particular, " he was quoted by the Hurriyet newspaper as saying. Nurettin Canikli said Turkey would supply electricity to Jarablus on Saturday followed by water supplies days later. Erdogan said his U.S. counterpart spoke of joint action against Daesh (Isis) in Syria when they met at the G20 summit in Hangzhou, China. (more...)
British Airways computer problem causes delays British Airways computer problem causes delays
- September 08, 2016

A number of those afflicted by delays took to social media to express how hard it was to check-in and board their flights. Passengers said airline representatives had told them the system failure had been going on for hours and was worldwide. (more...)
Procter & Gamble Company (NYSE:PG) , Kellogg Company (NYSE:K) Procter & Gamble Company (NYSE:PG) , Kellogg Company (NYSE:K)
- September 08, 2016

Procter & Gamble Co (NYSE:PG) has risen 8.73% since February 1, 2016 and is uptrending. The stock now shows the Market Capitalization of 235.38 Billion. This represents a $2.68 annualized dividend and a yield of 3.04%. The latest trading activity showed that the Procter & Gamble Company share price went up +31.65% from its 52-week low of $67.33 and trades lower -0.26% comparing its 52-week high of $88.87. (more...)
United Kingdom factory output posts biggest drop in a year after Brexit vote United Kingdom factory output posts biggest drop in a year after Brexit vote
- September 08, 2016

But he added that, taken together with the more recent industry surveys covering August, the "overall picture is one of fairly flat manufacturing output so far in the third quarter, and a broadly stagnant economy as a whole". The monthly increase was in contrast to a 0.2 percent fall economists had expected. The vehicle industry was among just a handful of sectors to expand, while textiles and metal production fell and pharmaceutical manufacturing dived. (more...)
Proxima b - nearest exoplanet to Earth - could sustain life Proxima b - nearest exoplanet to Earth - could sustain life
- September 08, 2016

The findings appear in the journal Nature . By stellar standards, this newly found exoplanet , as worlds around other stars are called, is nearly next door - about 4.2 light years away, the researchers said. Mikko Tuomi said it is the closest exoplanet to Earth and may also be the closest to support life outside our Solar System. Without an atmosphere, it could be -22 to -40 degrees Fahrenheit. (more...)
V.F. Corporation (VFC) Shares are Down -6.19% V.F. Corporation (VFC) Shares are Down -6.19%
- September 08, 2016

Over the same time span, the stock notched a high price of US$73.81 and its minimum level reached was US$52.21. The Companys products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains, mass merchants and its own direct-to-consumer operations. (more...)
Hanjin: U.S. Retailers Call for Help
- September 08, 2016

It said the bankruptcy is rippling through the global supply chain and could cause significant harm to consumers and the US economy. "Some of it is sitting in Asia waiting to be loaded on ships, some is already aboard ships out on the ocean and some is sitting on US docks waiting to be picked up". (more...)
Black Lives Matter Protesters Chain Themselves Together On London City Airport Runway
- September 08, 2016

Emergency services surround protesters from the movement Black Lives Matter after they locked themselves to a tripod on the runway at London City Airport in London on September 6, 2016. "It is an airport designed for the wealthy", read a statement released by the group. A spokeswoman said: "Today we are saying all black lives matter and that includes the lives of those who live close to airports, people who are going to grow up with asthma and skin conditions". (more...)
Apple boss slams European Union chiefs for Apple boss slams European Union chiefs for "picking on Ireland" over tax deal
- September 08, 2016

Cook earlier told Irish national broadcaster RTE that Apple had never received any "sweetheart deal" from Ireland and that his company's global tax rate in 2014 was 21.6%. Is the EU's £11bn tax bill for Apple fair? "Ireland is being picked on and this is unacceptable", Cook was quoted as saying. "They do such incredible work for Apple and we're moving forward with the planned investments", he said. (more...)
Philadelphia Eagles Rebuilding With Carson Wentz
- September 08, 2016

According to the Cleveland Browns, arguably the worst quarterback evaluators in the NFL, Carson Wentz isn't a top 20 quarterback. I'm very comfortable with our football team and Carson being our starter. "Chase is the guy that I wanted to be in this role and to be in this position". Lane Johnson doesn't count if his mega-suspension holds up and leaves Philly further exposed. (more...)
Analyst Recommendation about these companies: Verizon Communications Inc. (NYSE:VZ) , Splunk Inc
- September 08, 2016

A number of other large investors have also added to or reduced their stakes in VZ. Quadrature Capital Ltd acquired a new stake in Verizon Communications during the first quarter valued at approximately $223,000. The ex-dividend date is Wednesday, October 5th. It has a dividend yield of 4.22%. The Hedge Fund company now holds 1,037 shares of VZ which is valued at $55,635. (more...)
Canada pipeline giant Enbridge buys Spectra Energy for Can$37 bn Canada pipeline giant Enbridge buys Spectra Energy for Can$37 bn
- September 08, 2016

Enbridge's investors are expected to hold a combined stake of about 57% in the enlarged company upon completion, while those of Spectra Energy will own the rest of the shares. In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Spectra Energy Corp as 1.21 Billion. Building pipelines is a kind of business which rarely generates headlines, but investors in Enbridge Inc . (more...)
US growth weakened slightly this summer, Fed report shows US growth weakened slightly this summer, Fed report shows
- September 08, 2016

The Kansas City and NY regions reported that economic activity was unchanged but Philadelphia and Richmond said that, while growth was still expanding, it had slowed. The Federal Reserve is scheduled to release its Beige Book - a summary of commentary on economic conditions - later in the day that will be parsed by investors for rate-hike clues. (more...)
Global shares rise as US jobs report stokes low rate hopes Global shares rise as US jobs report stokes low rate hopes
- September 08, 2016

News that the United States economy added jobs at a slower than expected rate in August, and that wage growth slowed, reduced the odds of a Fed rate hike in September. "After Kuroda's remarks earlier this week and today's Sankei report, there is some opinion that at the end of the day on September 21, everything will be unchanged, because of disagreement" among BOJ board members on steps", said Naomi Muguruma, senior strategist at Mitsubishi UFJ Morgan Stanley Securities. (more...)
Analyst says Canada can meet China's canola requirements
- September 08, 2016

Justin Trudeau takes in the view on the Great Wall of China. "Today I am pleased we are formalizing our efforts to have Alibaba serve as the gateway to China for Canadian businesses of all sizes", Ma said of the MOU in a statement , adding that the new pavilion "will make it easier for China's consumers to buy the great Canadian products and experiences they love". (more...)
With iPhone 7, Apple moves toward a wireless future
- September 08, 2016

As part of the transition, Apple also is introducing wireless "AirPods" that will sell for $160. Yes, the headphone jack is gone. "For many customers, it'll be the best camera they've ever owned", said Philip W. Many pundits had predicted flat sales after this launch, believing that Apple is holding off until next year (the 10th anniversary of the iPhone) for a major overhaul of the handset. (more...)
Oil markets split as traders dubious of supply freeze Oil markets split as traders dubious of supply freeze
- September 08, 2016

The global benchmark on Monday hit a near one-week high of $49.40 after the Russia-Saudi news. At a meeting set to take place in Algeria from 26-28 September, the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC producers such as Russian Federation are expected to discuss the proposal to freeze output. (more...)
Four youths try to drown SI; Shiv Sena raises concern Four youths try to drown SI; Shiv Sena raises concern
- September 08, 2016

This led to overcrowding and at around 9pm some residents requested the cops, who were manning the crowd to let them immerse their household idols. Dagale was on bandbast duty when the incident took place. The main accused, along with three of his companions who also participated in the attack, were arrested by Wednesday evening. Police sources in Kalyan claimed that Rahul is close to the local Independent MLA who backs the BJP Ganpat Gaikwad. (more...)
Haryana Govt Continues Crackdown on Beef, to Inspect Biryani Now Haryana Govt Continues Crackdown on Beef, to Inspect Biryani Now
- September 08, 2016

Authorities have collected samples of biryani from shopkeepers and vendors from a village in Haryana's Muslim-dominant Mewat district after receiving complaints that beef was being added to the dish, an official said on Wednesday. Reports suggest that this move comes after complaints emerged that vendors are apparently mixing beef with rice to hide the presence of the former. (more...)
Disappointing US jobs data fails to settle rate hike question
- September 08, 2016

However, the unemployment rate is held steady at 4.9%, against the forecast of 4.8%. "The data-dependent Fed will most likely see the payroll numbers as taking pressure off any immediate need to hike interest rates , significantly reducing the scope for further policy action in September", said Chris Williamson, chief economist at IHS Markit. (more...)

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