Markets


Oil prices squeeze BP and Shell profits Oil prices squeeze BP and Shell profits
- November 01, 2016

This is up on second-quarter profits of $720 million but down on the $1.8 billion of profits in the third quarter of 2015. Shell expects capital investment to be about $25 billion in 2017, at the bottom of its $25 billion to $30 billion guidance range. (more...)
Former DOJ Spokesman Slams FBI Director for Clinton Email Developments
- November 01, 2016

The FBI source told CNBC that Comey argued privately against making the disclosure because of the impending election, and ultimately saw to it that the FBI not be named in the statement. "Hillary is likely to be under investigation for a very long time", Trump said during series of election rallies in MI. An aide to Reid said he was not aware of any response from Comey to the letter. (more...)
Malaysia's PM hopes to improve his image with China trip Malaysia's PM hopes to improve his image with China trip
- November 01, 2016

While there, Najib is scheduled to, among others, witness the signing of more than 10 agreements and memorandums of understanding between the two governments on defence, economy, agriculture, education, finance and construction. Billions are alleged to have been syphoned from the fund, 1MDB, in a stunning global campaign of embezzlement and money laundering that has sparked investigations in several countries. (more...)
Maruti Suzuki sales decline marginally in October Maruti Suzuki sales decline marginally in October
- November 01, 2016

Cars included in these above mentioned segment is the Ciaz and Vitara Brezza respectively. Mumbai: Maruti Suzuki India Ltd's domestic sales rose 2.2% to 123,764 units over a year-ago period, the company said in a statement on Tuesday. Sales for the company dipped across mini (Alto, WagonR ) and compact vehicle (Ritz, Celerio , DZire, Swift , Baleno ) segments by 9.8% (to 33929 units) and by 1.8% (to 50116 units) respectively. (more...)
ANZ Bank sells Asian retail and wealth assets to Singapore's DBS ANZ Bank sells Asian retail and wealth assets to Singapore's DBS
- November 01, 2016

The transaction comes after ANZ decided that further investments needed for its Asian retail and wealth branch network did "not make sense", while investing in its Asian institutional banking business was a "far more attractive area where we can carve out winning positions". (more...)
Nissan opts to build new model in Britain despite Brexit, source says Nissan opts to build new model in Britain despite Brexit, source says
- November 01, 2016

He said the announcement was "fantastic news", particularly for the workforce as the deal secures 7,000 jobs. Theresa May has been straight out of the traps to hail the decision as a "vote of confidence" that "shows Britain is an outward looking, world leading nation". (more...)
South Korea scandal: President Park's friend Choi detained South Korea scandal: President Park's friend Choi detained
- November 01, 2016

Yonhap news agency says the man told investigators that he tried to meet Choi to help the woman with her death because she said she "committed a sin that deserves death". Park accepted the resignations of eight of her top aides over the weekend. Anxious that Choi may be a flight risk and could destroy evidence, prosecutors placed her under emergency detention without a warrant, Yonhap reported, citing a prosecution official. (more...)
UK government offers support to Bank of England governor UK government offers support to Bank of England governor
- November 01, 2016

Carney's departure in June 2019 will occur after the United Kingdom has officially left the European Union, if Prime Minister Theresa May is able to launch the two-year exit process, as promised, at the end of March. After receiving the governor's letter, Hammond said he was "very pleased" with his decision to stay on. Carney, who has come under heavy criticism from pro-Brexit politicians for warning before June's referendum of the economic risks of voting to leave the European Union, had ... (more...)
Fulton Breakefield Broenniman Lowers stake in Dominion Resources (D) Fulton Breakefield Broenniman Lowers stake in Dominion Resources (D)
- November 01, 2016

Southern Co. revealed better-than-expected profit of $1.16 billion, compared to $970 million a year prior, with per-share earnings up to $1.18 from $1.05 and revenue surging 16% to $6.26 billion. The company has a consensus rating of Hold and an average target price of $76.77. Dominion Resources Inc. The company has a 50 day moving average price of $73.84 and a 200-day moving average price of $74.19. (more...)
Sharp forecasts first annual operating profit in three years Sharp forecasts first annual operating profit in three years
- November 01, 2016

Panasonic lowered its operating profits for the fiscal year ending next March to 245 billion yen from 310 billion yen previously. Segment profit's declined to 20.9 billion yen (US$199 million), down from 33.5 billion yen in the prior year period, a 40% drop, year-on-year. (more...)
Reserve Bank leaves interest rates on hold Reserve Bank leaves interest rates on hold
- November 01, 2016

The Reserve Bank is more hawkish about the economy and inflation in its latest rates decision, indicating interest rates may have bottomed out, economists say. The Reserve Bank said the jobs market was mixed with unemployment down, but patchy employment growth across the country dominated by part-time jobs. (more...)
AT&T to buy Time Warner for $85 billion
- November 01, 2016

Republican presidential candidate Donald Trump said at a rally on Saturday after the deal was announced that he would block it if he wins the November 8 election against Democrat Hillary Clinton. -which happens to own DC Comics. AT&T has been shifting its sights to media and video in recent years, diving deeper into television after its almost $50 billion deal to acquire satellite television provider DirecTV last year. (more...)
Volkswagen introduces new American-built 7-passenger SUV Volkswagen introduces new American-built 7-passenger SUV
- November 01, 2016

Based on the modular transverse matrix (MQB) platform, the SUV twins feature the latest Volkswagen design DNA that sports classic proportions and clean lines. The production version of the Atlas , pictured here for the first time, features a more brawny and distinctive appearance than any existing Volkswagen model as part of its brief to attract United States auto buyers. (more...)
Taiwan opposition party leader to meet China's president Taiwan opposition party leader to meet China's president
- November 01, 2016

Taiwan's governing party, the independence-leaning Democratic Progressive Party, has warned Hung against signing any pacts during her mainland visit. As an out-of-breath Hung reached the mausoleum, her aide read an oration honouring Sun. "(I) believe we both definitely will be able to work together to create a promising future for the national rejuvenation, prospect and development of people's welfare under the spirit of Sun". (more...)
US economy grows 2.9% in Q3, its strongest pace in 2 years US economy grows 2.9% in Q3, its strongest pace in 2 years
- November 01, 2016

The improvement was powered by a rebound in exports and a decision by businesses to restock their shelves. They were up 1.7 percent from the third quarter of 2015, the smallest year-over-year advance since early 2014. It will be subject to two revisions over the next two months. Notably, exports grew 10.0 percent at an annual rate in the third quarter, its fastest quarterly growth since late 2013, despite continued headwinds from slow growth overseas (see point 3 below). (more...)
Syria: Rebel assault to break Aleppo siege slows
- November 01, 2016

Amnesty emphasised that indiscriminate attacks on civilian areas of the western side of the city can not be justified as a way to break the government siege of eastern Aleppo that has sparked a humanitarian crisis. Rebels launched a major assault on Friday, backed by auto bombs and salvos of rockets, to break through government lines and reach the 250,000 people besieged in the city's east. (more...)
Anti-Russ Feingold PAC seems to concede Donald Trump will lose
- November 01, 2016

Johnson has tried to portray Feingold as weak on national security, casting the former 18-year senator as a hypocrite who talks tough on the campaign trail but who as a senator cast votes that undermined the ability of US troops to succeed. (more...)
Tata Group files caveat in courts
- November 01, 2016

The shock exit has led to a crossfire of allegations from both sides. An email to Tata Sons seeking comment on Mistry's allegations has gone unanswered. The Irish-Indian businessman became the sixth chairman of the group and the second who did not have the name of Tata, after Nowroji Saklatwala. Shares of most Tata group companies ended lower on Tuesday. (more...)
Pilot: Waves, darkness hindered search for Chinese sailor Pilot: Waves, darkness hindered search for Chinese sailor
- November 01, 2016

They collected all Guo's belongings aboard for his family. Radio calls went unanswered, so rescuers deployed an inflatable boat and crew. His life jacket was found on the vessel. Navy and Air Force joined in the search for Guo after the Coast Guard discovered his ship, his support team said on its official WeChat account on Wednesday. (more...)
European Central Bank 'didn't discuss' winding down bond purchases, says Draghi European Central Bank 'didn't discuss' winding down bond purchases, says Draghi
- November 01, 2016

Analysts are predicting that the European Central Bank won't take any big decisions today, but might set the ground for fresh action at its December meeting, or early 2017. Draghi's bond-buying program - created to push interest rates down while boosting credit - was launched January 22, 2015, and involved 60 billion euros in monthly bond purchases from across the eurozone. (more...)