Markets


United Kingdom construction sector shakes off Brexit worries but recovery remains fragile United Kingdom construction sector shakes off Brexit worries but recovery remains fragile
- September 17, 2016

MOSCOW-Russia's manufacturing sector returned to growth in August, a Markit survey of purchasing managers showed Thursday. "Companies in the manufacturing sector seem to be getting back to business and we are seeing order flows pick up from across the world as the devalued pound boosts the competitiveness of United Kingdom exported goods". (more...)
Phoenix Group in talks to buy Deutsche Bank unit Phoenix Group in talks to buy Deutsche Bank unit
- September 17, 2016

Phoenix CEO Clive Bannister told Reuters in August that the company was scouting for acquisitions to help gain scale in a challenging, low interest rate environment after Brexit. Abbey Life, which was bought by Deutsche Bank for 977 million pounds in 2007, is valued at about 1 billion pounds, sources told Reuters in June. (more...)
Jessica Alba's Startup Could Be Purchased For Over $1 Billion Jessica Alba's Startup Could Be Purchased For Over $1 Billion
- September 17, 2016

Alba co-founded the company in 2011, after becoming a mother for the second time, launching environmentally friendly lines in nappies, personal care and household cleaners. The company purchased the razor blade subscription service Dollar Shave Club in July for $1 billion dollars, Bloomberg reports . Additionally, Honest would bolster Unilever's online presence, since Honest sells its products mostly online. (more...)
Stocks pushed lower on potential US rate hike Stocks pushed lower on potential US rate hike
- September 17, 2016

The comments solidified the view the USA central bank would leave its rates unchanged after next week's policy meeting. The Fed's "quiet period" begins Tuesday, ahead of the September 20-21 meeting of its policy makers. Mr Steiner said the market remains "very competitive" and that sustained margin pressure was unlikely to change in the short term. "In turn this is likely to strengthen the Bank's belief that it still has room for manoeuvre to stimulate growth, with a further cut to the ... (more...)
US regulators issue official recall of Samsung Note 7 phones US regulators issue official recall of Samsung Note 7 phones
- September 17, 2016

This recall involves the Samsung Galaxy Note7 smartphone sold before September 15, 2016. So far, 92 reports of batteries overheating have been received, including 26 reports of burns and 55 of property damage from fires. Samsung could have avoided such a massive recall, if only the Galaxy Note 7 had removable batteries. Samsung Galaxy Note 7 was recalled after it wears discovered that the device can cause an explosion due to the battery's flaw. (more...)
Loch Ness Monster sighting: Photographer captures clearest ever image of Nessie Loch Ness Monster sighting: Photographer captures clearest ever image of Nessie
- September 17, 2016

Amateur photographer Ian Bremner , 58, was driving around the Highlands in search of red deer - but stumbled instead across the remarkable sight of what appears to be Nessie swimming in the calm waters of Loch Ness. Seals or Loch Ness Monsters? And in 1935, renowned big game hunter Marmaduke Wetherell found a footprint he said was the monster's. Some are suggesting that the new photo may even conclusively prove the beast's existence. (more...)
Potash Corp. of Saskatchewan (POT) Upgraded by Stifel Nicolaus to Buy Potash Corp. of Saskatchewan (POT) Upgraded by Stifel Nicolaus to Buy
- September 17, 2016

Potash Corporation of Saskatchewan (USA ) (NYSE:POT) shares were trading -32.70% below from the 52-week high price mark of $23.76 and 12.71% above from the 52-week price bottom of $14.19. Potash Corp CEO Jochen Tilk will be its executive chairman. Sigma Planning Corp now owns 10,589 shares of the fertilizer maker's stock worth $172,000 after buying an additional 29 shares in the last quarter. (more...)
Oil Rises On Smaller-Than-Expected Build In US Crude Stocks
- September 17, 2016

The Standard & Poor's 500 index fell 32.02 points, or 1.5 percent, to 2,127.02. Brent crude futures were trading down $1.26, or 2.61 percent, at $47.06 per barrel at 2:49 p.m. Anadarko stock sank 63 cents, or 1.1 percent, to $57.16 and Freeport-McMoRan fell $1.08, or 9.7 percent, to $10. The globe's key bond yield - the 10 year rate for U.S. (more...)
Apple Hit for Taxes...Again? --Tech Roundup Apple Hit for Taxes...Again? --Tech Roundup
- September 17, 2016

The US tech giant was ordered to pay €13bn to Ireland last month, after Brussels ruled that the tax breaks it was given between 1991 and 2015 amounted to unlawful state aid. Back in Japan, authorities imposed taxes on shares traded between IBM Japan and its USA parent in 2010, as well as transfers between Honda Motor and its Brazilian unit in 2004. (more...)
US oil rig count rises again, but overall rig count drops US oil rig count rises again, but overall rig count drops
- September 17, 2016

The increase will be welcomed by breakbulk operators that have seen oilfield services revenues fall sharply in the past year as low oil prices have meant lower demand for project cargo. State-wise, Oklahoma gained three rigs, while Alaska added one rig. The average Canadian rig count for August 2016 was 129, up 35 from the 94 counted in July 2016. (more...)
USA stocks close strongly higher in broad rally USA stocks close strongly higher in broad rally
- September 17, 2016

Intel Corp. climbed 3 percent after raising its sales forecast. (INTC), while a 2.5% fall in United Technology Corp.(UTX) topped laggards. Apple (AAPL) slid 0.6% after a four-day advance that propelled it 12% higher, amid growing buzz over its updated iPhone. (more...)
Shares of Deutsche Bank plunge amid US legal dispute
- September 17, 2016

Friday's consumer price inflation data is the next test for rates-focused traders.The dwindling chances of a rate hike helped boost US stock indexes between 1 percent and 1.5 percent on Thursday. She added that she does not "share the assessment" that the DoJ ruling is retaliation for a 13 billion euro (£11 billion) tax bill the European Commission slapped Apple with earlier this year. (more...)
Invest more to defeat killer diseases, Kenyan president tells African nations
- September 17, 2016

The upcoming fifth Replenishment Conference of the Global Fund to Fight AIDS, Tuberculosis and Malaria in Canada represents an important milestone in the fight against malaria and also gives us a fantastic opportunity to take stock of successes and focus on the work ahead. (more...)
United States and European markets slide, led by plunge in Deutsche Bank
- September 17, 2016

Department of Justice responded in kind with a $ 14 billion fine of its own to Deutsche Bank to settle an outstanding probe into the company's trading of mortgage-backed securities during the financial crisis. Other European banks fell on the news, with London's HSBC ( HSBC ) down 0.93% at 566.70 pence and Barclays (BCS) down 2.83% at 164.7 pence, while in Paris BNP Paribas (BNPQF) (BNPQY) was down 2.29% at €44.64. (more...)
Banks profits down due to provisioning for bad loans: Jaitley Banks profits down due to provisioning for bad loans: Jaitley
- September 17, 2016

Describing the bad loan situation of the public sector banks as still challenging, finance minister Arun Jaitley on Friday said "greater initiative" is needed by PSU banks in cases where it is hard to find buyers or "alternative promoters" for selling stressed assets. (more...)
Intel Boosts Outlook on Surprising PC Sales Intel Boosts Outlook on Surprising PC Sales
- September 17, 2016

The quarterly report of Advanced Micro Devices, Inc . In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.21 on the shares of Intel Corporation (NASDAQ:INTC) Out of rating recommendations 12 have given the stock a Buy while 10 recommend the stockas Outperform. (more...)
Retail sales fell by 0.2% in August, official ONS figures show Retail sales fell by 0.2% in August, official ONS figures show
- September 17, 2016

The unemployment rate in the North-East stands at 7.5 per cent, the highest of anywhere in the United Kingdom, although the figure is 11,000 down from the same stage previous year, at 98,000. "Our Labour Market Strategy shows that there is still more that we can and will do". The unemployment rate in Scotland has fallen below the United Kingdom average, latest statistics have shown. (more...)
Missing North Carolina girl was chained to tree Missing North Carolina girl was chained to tree
- September 17, 2016

He was convicted of a first-degree sex offense in 1996, according to the registry, and his victim was 6 years old . Officials said he gave them a battery-operated saw and they cut the girl free. Public record indicates that the suspect in the abduction of the North Carolina 6-year-old was released on May 5, 2012. A witness told the station WECT police officers flagged him down as he was driving to work along River Road and asked him if he had any bolt cutters they could borrow. (more...)
Earnings Watch: The Goodyear Tire & Rubber Company (NASDAQ:GT) Earnings Watch: The Goodyear Tire & Rubber Company (NASDAQ:GT)
- September 17, 2016

The firm attains price to earnings ratio of 32.10 and its current ratio stands at 1.40. Currently The Goodyear Tire & Rubber Company (GT) captured an average recommendation of " Overweight " from analysts, according to FactSet data. Analysts also projected the Maximum, Minimum and Mean Earnings per share Estimate for Next Quarter. Previously, the analysts had a Hold rating on the shares. (more...)
US producer prices flat in August with food costs falling US producer prices flat in August with food costs falling
- September 17, 2016

No change in the producer-price index followed a 0.4 percent decline the prior month that was the steepest pullback in almost a year, a Labor Department report showed Thursday in Washington . Medical care services are up 5.1 per cent, the biggest increase for any of the major categories. Food prices were unchanged, with the cost of food consumed at home declining for a fourth straight month. (more...)

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