Markets


Samsung Electronics to make Qualcomm Snapdragon 830 chips: Electronic Times
- October 07, 2016

Shares of Hyundai Motor fell 0.71 percent in early trade, after Reuters reported that two of its factories suspended operations because of "inflow of water". South Korea's Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant. (more...)
All 36 Rio boxing judges stood down All 36 Rio boxing judges stood down
- October 07, 2016

It also "reassigned" executive director Karim Bouzidi to another role within the organisation following the controversy. The controversial results led to several judges and officials being dropped. AIBA has also decided that all five judges will be used to score contests from now. Current AIBA rules have five judges scoring each fight, but a computer randomly throws out two of the scores. (more...)
Intertek and Deutsche Bank help European shares to advance
- October 07, 2016

US stock index futures were slightly higher on Tuesday, mirroring European markets, which gained following a rebound in Deutsche Bank shares. Because many global companies are listed on the FTSE index, and their earnings tend to benefit when the pound weakens, the FTSE 100 has surged ahead. (more...)
Shocking! Was Fawad Khan a part of film MS Dhoni? Shocking! Was Fawad Khan a part of film MS Dhoni?
- October 07, 2016

The extremist groups in the country had also threatened film makers of dire consequences if they will cast any Pakistani actor in their projects. Because the director did not want any negative publicity, he removed the parts featuring Fawad. (more...)
Global finance leaders contending with anti-trade backlash Global finance leaders contending with anti-trade backlash
- October 07, 2016

But, faced with a surge of anti-free trade sentiment in the United States, Europe and elsewhere, Lagarde warned that now was not the time to close the door on globalization, which she said had benefitted so many. In Pakistan, economic activity is projected to gradually accelerate over the medium term, reaching 5 percent in 2017, following 4.7 percent projected growth in 2016. (more...)
European shares lifted by late surge in Deutsche Bank
- October 07, 2016

Deutsche Bank , along with a handful of other banks, has been under the eye of US authorities who believe the bank may have misled investors about the quality of investment products, which contained risky mortgages that were unlikely to be paid off, in the lead-up to the 2008 financial crisis. (more...)
KeyBank to convert First Niagara Bank's branches over long weekend KeyBank to convert First Niagara Bank's branches over long weekend
- October 07, 2016

Representatives of First Niagara refused requests for comment. First Niagara has operated in the Philadelphia region since 2009, when it acquired Harleysville National Bank. Customers with questions about their accounts can call First Niagara at 1-800-421-0004 during the conversion weekend, Griffin said. KeyBank will be replacing them as customers run out of checks and as the cards expire, Griffin said. (more...)
British pound's 6 percent British pound's 6 percent "flash crash" baffles traders
- October 07, 2016

He said Delors "had also faced crises provoked by the United Kingdom", noting that the late British prime minister Margaret Thatcher in the 1980s obtained a rebate on its European Union contributions worth billions of pounds every year. They include expectations the US Federal Reserve will hike interest rates in December as its tentative economic recovery continues and the European Central Bank will also tighten monetary policy by cutting back on its €80bn of monthly bond purchases. (more...)
Kaine: Pence threw Trump 'under the bus' in debate
- October 07, 2016

Kaine: Six times tonight I have said to Gov. Pence I can't imagine how you can defend your running mate's position on one issue after the next. "We all know Donald Trump's a genius, but Mike Pence might be the kind of genius who doesn't lose a billion dollars". (more...)
Chancellor Philip Hammond to 'reset' fiscal policies Chancellor Philip Hammond to 'reset' fiscal policies
- October 07, 2016

The pound fell on Monday after the comments by May and Hammond, dropping 1.1 percent to $1.2835. Chancellor Philip Hammond distanced himself further from the austerity policies of his predecessor in No 11 Downing Street as he dumped the target for a Budget surplus and made housing a key plank of his economic strategy. (more...)
Broker Roundup For Vodafone Group Plc (NASDAQ:VOD) Broker Roundup For Vodafone Group Plc (NASDAQ:VOD)
- October 07, 2016

Credit Suisse have set their target price at 4553 GBX on its stock. The corporation holds 213.48 million outstanding shares and its 190.19 million shares were floated in the market. About 783,599 shares traded hands or 273.62% up from the average. The one year high of the company is $7.42 and the one year low is $3.82. This would imply the analyst believes there is now a potential upside of 18 % from the opening price of 3857 GBX. (more...)
New Emerson poll shows Clinton, Trump virtually tied in three key states New Emerson poll shows Clinton, Trump virtually tied in three key states
- October 07, 2016

Sunday's town hall marks a key moment for Trump, who saw his nationwide and battleground state poll numbers plummet after the first debate with Hillary Clinton. The Republican nominee repeatedly mentioned the heroin epidemic that has hit New Hampshire especially hard and emphasized his hard-line approach to border security as a means for fighting the flow of drugs. (more...)
Yahoo believed to be first U.S. internet firm to scan all emails
- October 07, 2016

European Union privacy watchdogs are concerned by reports that Yahoo has been secretly scanning its users' email at the request of US intelligence services. A Reuters report on Tuesday wasn't clear about what agencies were involved in the probe. In response to a request for comment, an Apple spokesperson told BuzzFeed News, "We have never received a request of this type". (more...)
Foundation Resource Management Inc Lowers stake in Cisco Systems (CSCO) Foundation Resource Management Inc Lowers stake in Cisco Systems (CSCO)
- October 07, 2016

The Company holds 74.07 million shares outstanding. While in the same Quarter Previous year, the Actual EPS was $0.59. 21 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. Return on Equity (ROE) stands at 17.4% and Return on Investment (ROI) of 11.4 percent. YHOO EPS growth this year and EPS growth next year is -162.00%, 16.97% respectively. (more...)
Brocade Communications Systems, Inc. (NASDAQ:BRCD) , FORTIVE CORPORATION (NYSE:FTV) Brocade Communications Systems, Inc. (NASDAQ:BRCD) , FORTIVE CORPORATION (NYSE:FTV)
- October 07, 2016

According to an update released by analysts at D. A. Davidson the broker has now set a "Buy" rating on shares of Brocade Communications Systems, Inc . The EPS was $0.13 for the period ended 2016-07-31. The company's revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS. (more...)
May making 'mistake' with hard Brexit, says former deputy PM May making 'mistake' with hard Brexit, says former deputy PM
- October 07, 2016

The prime minister is expected to contrast this inclusive vision of British politics to the "divisive" Labour Party, which embraces "politics of pointless protests" following its conference in Liverpool on September 28. European leaders have insisted that access to the single market for Britain after it leaves must entail allowing free movement of EU workers. May yesterday said she wanted a Brexit deal that offered "maximum freedom" to operate in Europe's single market from the outside as ... (more...)
BOE's Broadbent Says U.K. Slowdown More Moderate Than Expected BOE's Broadbent Says U.K. Slowdown More Moderate Than Expected
- October 07, 2016

The bank's MPC cut interest rates to a record low of 0.25% in August, as well as launching a new programme of quantitative easing worth as much as £70 billion. "It is for the government to offset them if they choose to do so as part of an agenda of more inclusive growth". "But the mood music around monetary policy is definitely changing". (more...)
Who Won the Vice-Presidential Debate?
- October 07, 2016

Mike Pence's standing for a possible run for the presidency in 2020. You know what I can tell you - from where I sat, Donald Trump won the debate . Pence appeared to break with Trump on Russian Federation, calling Putin a "small, bullying man". We'll see how it works. "Maybe we'll have a good relationship". (more...)
Why ICU Medical, Big 5 Sporting Goods, and Caesars Acquisition Jumped Today Why ICU Medical, Big 5 Sporting Goods, and Caesars Acquisition Jumped Today
- October 07, 2016

The Hospira Infusion Systems business, which includes IV pumps, solutions, and devices, are computerised medical devices that deliver fluids, such as nutrients and medications, into a patient's body in controlled amounts. Pfizer will own about 17 percent of ICU Medical , and as long as it holds 10 percent or more of the company's equity, it will have the right to nominate one director to ICU Medical's board, according to the companies. (more...)
Mike Pence for president in 2020? Not a chance
- October 07, 2016

The event was mostly free of the bombast and raucous theatrics of Trump's large rallies, and he insisted he wants to keep Sunday's debate civil. Shunning the limelight of what was widely seen as a clear victory in Tuesday night's vice presidential debate, Indiana Governor Mike Pence promptly handed the trophy to his boss. (more...)

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