Markets


Teva Pharm third-quarter beats estimates as acquisition lifts revenue Teva Pharm third-quarter beats estimates as acquisition lifts revenue
- November 15, 2016

The company also acquired Allergan's Anda Inc., the 4th largest distributor of generic pharmaceuticals in the USA, for $500 million in Oct 2016. Equities analysts anticipate that Teva Pharmaceutical Industries Ltd. This compares with $103 million, or $0.12 per share, in the third quarter of 2015. Toronto Dominion Bank now owns 6,025 shares of the company's stock worth $304,000 after buying an additional 35 shares during the period. (more...)
GE Digital buys ServiceMax for $915 million GE Digital buys ServiceMax for $915 million
- November 15, 2016

ServiceMax offers field service management software, which is an estimated $25-billion market worldwide, and provides solutions for 20 million people engaged in the installation, maintenance, and fix of machines across dozens of industries. (more...)
Google takes its 'Android Auto' from the vehicle to your Android phone Google takes its 'Android Auto' from the vehicle to your Android phone
- November 15, 2016

The app also has bigger font and also restricts the access to apps like Gmail or Twitter while driving. In all, the app looks good. Now, with an intention to further that experience, Google now is testing a server-side change identified with search items in the Play Store , reports Android Police. (more...)
UPS strike vote could land on Trump's desk UPS strike vote could land on Trump's desk
- November 15, 2016

It has been three years of negotiations between the Teamsters and UPS over its massive reductions in healthcare and benefits for retirees, who dedicated most of their time working for the company. The workers are restricted by the Railway Labor Act, meaning they have to get approval from a federal mediator before going on strike. UPS in a written statement said it is "confident talks will be completed successfully, just as they have during all previous negotiations with our mechanics". (more...)
Cooperation is the 'only choice'
- November 15, 2016

As an example of earlier tariff-tit-for-tats, the Global Times pointed toward the 35 percent tariffs imposed in 2009 on Chinese tires by outgoing us president Barack Obama. Trump's embrace of a more isolationist foreign policy could also benefit China by weakening US support for longtime Asian allies such as South Korea, Taiwan and Japan, according to analysts. (more...)
China's Xi, Trump agree to meet at 'early date' in call
- November 15, 2016

But Beijing is wary of Trump's threat to impose hefty import tariffs over alleged trade and currency violations, amid fears it could stoke a trade war. Despite these tensions, the Trump campaign released a statement on Monday describing a hopeful conversation between Trump and Chinese President Xi Jinping. (more...)
Oil pinned near three-month lows as gloom grows over OPEC
- November 15, 2016

This shows how big the impact of an OPEC agreement would be and how a successful meeting in Vienna between OPEC member countries would lead the oil price to recover back to as much as $70. If Iran digs in and refuses to cut, and Saudi Arabia digs in and refuses to take on most of the cutting itself, thereby giving up market share, OPEC will continue to add to the glut, further straining heavily oil-dependent economies. (more...)
U.S. stocks move higher as banks surge with bond yields
- November 15, 2016

Eastern time. The Standard & Poor's 500 index picked up 6 points, or 0.3 percent, to 2,170. Australia's S&P/ASX 200 slipped 0.5 percent to 5,345.70 and South Korea's Kospi lost 0.5 percent to 1,974.40. Digi said it rejected the bid of 13.82 dollars a share, or about 359 million dollars, because it is too low. The euro shed 1.1 percent at $1.073 after hitting its lowest level against the greenback since December 3, 2015, while the dollar was up 1.8 percent at 108.43 yen after reaching its ... (more...)
Company: Dakota Access pipeline could move oil in early 2017 Company: Dakota Access pipeline could move oil in early 2017
- November 15, 2016

The announcement, which came amid speculation that federal officials were on the brink of green-lighting the crossing, spells further delay for the project. Since the protests at Standing Rock began last summer, hundreds of protesters have been arrested, tear gassed and pepper sprayed, and journalists attempting to cover the controversial project have been intimidated, charged with crimes and even shot at with rubber bullets by police. (more...)
Markets Right Now: Tech stocks slump, leading market lower
- November 15, 2016

On Wall Street , the future for the Standard & Poor's 500 rose 0.3 percent and that for the Dow Jones industrial average was unchanged. The S&P/ASX 200 index was down 0.5 percent, or 28.03 points, at 5317.8 at 0100 GMT. There has been an increase in U.S. 2-year yields to touch the 1.00% level for the first time since early January. The selloff wiped a record $1.2 trillion off the value of bonds around the world last week when Trump was elected US president. (more...)
Bond market jitters start to weigh on post-Trump rally
- November 15, 2016

ASIA'S DAY: The Shanghai Composite Index lost 0.1 percent to 3,206.99 and Sydney's S&P-ASX 200 retreated 0.4 percent to 5,326.20. Technology companies fell sharply, with familiar names taking some of the largest losses. German industrial equipment company Siemens agreed to buy software maker Mentor Graphics for 4.5 billion dollars, or 37.25 dollars a share. Digi said it rejected the bid of 13.82 dollars a share, or about 359 million dollars, because it is too low. (more...)
BJP Leaders Asked To Stay Off From Gali Wedding? BJP Leaders Asked To Stay Off From Gali Wedding?
- November 15, 2016

The invitation, which came in a box, opens to reveal an LCD screen, which announces the marriage details. To ensure the security of all the guests, 3,000 bouncers, including special security on location, have been employed at the Bangalore Palace ground. (more...)
UK government said to have no plan for Brexit UK government said to have no plan for Brexit
- November 15, 2016

The spokeswoman also claimed Theresa May did not recognise any of the concerns raised in the memo or was even aware of its existence, adding: "This individual has never been in Number 10 or engaged with officials in Number 10 since the Prime Minster took office". (more...)
US stocks wobble as tech losses cancel out bank gains
- November 15, 2016

Yields on Italy's debt maturing in 30 years, the most sensitive to interest rate movements, rose 20 basis points in Monday trading to 3.34%, the highest since July 2015. Then there's the prospect of rolling back regulations such as the Dodd-Frank laws, which President-elect Trump has said he would look to reform early on in his administration. (more...)
Rudy Giuliani favorite to be secretary of state in Trump administration
- November 15, 2016

He says the children would then have to "start a whole new business and that would set up. new problems". Besides Trump's hotels and golf courses in the British Isles, the president-elect has a licensing deal with a firm based in Indonesia. (more...)
Indonesia exports, imports grow in October, their best month since 2014 Indonesia exports, imports grow in October, their best month since 2014
- November 15, 2016

Imports too increased by 8.11 per cent to Dollars 33.67 billion, leaving a trade deficit of USD 10.16 billion in the month under review. However, looking at the first nine months of the year, the value of goods exports was 5% higher than the same period in 2015. (more...)
People reject government that inflicts misery: Akhilesh People reject government that inflicts misery: Akhilesh
- November 15, 2016

Mr Yadav, who, just days ago launched his campaign for a second term as Chief Minister, reiterated, "I am opposed to black money. I do not want it", he said on the sidelines of Indo-Myanmar-Thailand Friendship Car Rally flag off here. "This problem can not be overcome merely by changing Rs 500 and Rs 1,000 notes". The sudden demonetization or removal of Rs 500 and Rs 1,000 notes from circulation is seen as a radical and big move in combating tax evasion, but it has also sent most of India ... (more...)
Latest updates in the Clinton vs. Trump presidential race Latest updates in the Clinton vs. Trump presidential race
- November 15, 2016

In his statement , Comey announced that Clinton would face no criminal charges. In the days and weeks before an election, violating those rules to achieve a partisan objective is an assault on democracy. But she struggled throughout the race with persistent questions about her honesty and trustworthiness. Following up on his letter that set off a firestorm of speculation just two weeks before US voters head to the polls to choose a new president, FBI Director James Comey says the ... (more...)
US stocks move higher as banks surge with bond yields
- November 15, 2016

You can see that long bonds saw the biggest losses by far, while short-term bonds barely budged from the rise in rates. On Wall Street, the future for the Standard & Poor's 500 rose 0.3 percent and that for the Dow Jones industrial average was unchanged. (more...)
From locating ATMs to filling forms, good samaritans are helping during demonetisation From locating ATMs to filling forms, good samaritans are helping during demonetisation
- November 15, 2016

The National Payments Corporation of India has said that it has waived the switching fee for all RuPay Issuing and Acquiring member banks for Point of Sales (PoS) and e-commerce transactions with effect from 11 November 2016 to 31 December 2016. (more...)

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