Markets


Non-OPEC oil producers to cut output 558000 barrels a day Non-OPEC oil producers to cut output 558000 barrels a day
- December 13, 2016

Some of the world's biggest oil producers are trying to see if they can hike global crude oil prices by artificially throttling production. The contract reached $57.89, the highest since July 16, 2015. Oil has soared above $54 a barrel to its highest level in almost a year and a half. Opec would target an oil price of $60 a barrel as anything higher could encourage rival production, Ross added. (more...)
Japanese brewer Asahi to buy East Europe beer brands for $8B
- December 13, 2016

The brands, in the Czech Republic, Slovak Republic, Poland, Hungary and Romania, were owned by SABMiller before its recent acquisition by Belgium-based AB InBev, the maker of brands including Budweiser and Corona. Asahi - best known for its premium Super Dry lager - is understood to have beaten off stiff competition from private equity firms including Lion Capital, a joint offer... (more...)
India among most optimistic amid global slowdown in hiring India among most optimistic amid global slowdown in hiring
- December 13, 2016

For the January-March 2017, employers in the south report the most optimistic hiring intentions with a net employment outlook of 31 per cent, while for the north, the outlook is 27 per cent, and in the west, it is 21 per cent and for the east it stands at 18 per cent. (more...)
Christmas "likely" to see record growth of premium ranges
- December 13, 2016

Sales of supermarkets' premium ranges in the United Kingdom have risen sharply, as shoppers spend 13 per cent more on top of the line ranges than previous year. Despite near flat prices overall, Tesco was the only one of the big four supermarkets to record sales growth according to Kantar, up 1.6%, a slowdown in pace from the 2.2% reported last month. (more...)
Uber employees secretly tracked politicians and celebrities, lawsuit claims
- December 13, 2016

The details in Monday article are based in large part on a lawsuit filed by a former Uber employee, Ward Spangenberg, who says he was sacked early this year for age discrimination. Uber denied Spangenberg's claims, and it said that they had systems in place to protect its users. He said the company did make some reforms to improve security but added those who knew what they were doing "could get away with it forever". (more...)
Large Cap Key Stocks of the Day: Aflac Incorporated (NYSE:AFL)
- December 13, 2016

Finally, RBC Capital Markets downgraded shares of Aflac from a "sector perform" rating to an "underperform" rating and reduced their price target for the company from $74.00 to $65.00 in a research report on Thursday. Analysts await AFLAC Incorporated (NYSE:AFL) to report earnings on February, 6. Municipal Employees Retirement System of MI increased its position in Aflac Inc . (more...)
Mistry removed as Tata Industries director, ceases to be its chairman
- December 13, 2016

Targeting Ratan Tata, Mistry had also alleged that individuals prone to "impulsive control" have exposed the Tata Group to perilous violation of regulatory requirements, and his fight was to protect the conglomerate from "capricious" decision-making by the interim chairman. (more...)
American Express will give all parents 20 weeks of paid leave
- December 13, 2016

American Express (AXP) said that its US -based regular full-time and part-time employees will be eligible for 20 weeks of paid parental leave. In addition to the 20 weeks of paid parental leave, birthing mothers will be eligible to receive paid, medically-necessary leave related to the birth of their child, which is generally, six to eight additional weeks. (more...)
China retail sales strong, property slows
- December 13, 2016

Retail sales picked up 10.8 per cent in November on-year, much stronger than expectations, as many shoppers splurged on "Single's Day" on Nov 11. Fixed-asset investment by state firms rose 20.2 percent in January-November, easing from 20.5 percent in the first 10 months. (more...)
Apple in talks to invest $1 bn in SoftBank tech fund
- December 13, 2016

SoftBank has said it plans to make future large-scale investments via the tech fund, rather than on its own. SoftBank promises to invest at least $25 billion in the fund, and is close to getting a $45 billion commitment from Saudi Arabia's sovereign wealth fund. (more...)
Hitrino: Propylene-carrying tanker train derails, explodes in north-east Bulgaria; evacuation ordered Hitrino: Propylene-carrying tanker train derails, explodes in north-east Bulgaria; evacuation ordered
- December 13, 2016

Twelve of the private train's tanks, carrying propylene - a highly volatile and flammable gas - derailed at the village's rail station. Borisov appealed to Bulgarians in the northern city of Shumen to donate blood to the local hospital where the injured are being transported. (more...)
Glencore, Qatari fund finalize deal to acquire Rosneft stake Glencore, Qatari fund finalize deal to acquire Rosneft stake
- December 13, 2016

The Russian state will retain a controlling stake in Rosneft, which is also partly owned by United Kingdom oil major BP PLC. The deal marks a shift away from China, where Russian Federation has largely gone to for financing in recent years. (more...)
Will oil producers' cut have lasting impact — AP Analysis
- December 13, 2016

Both WTI and Brent crude futures rose over 5% in Asian trading following the news. Energy stocks also soared on the news. Chevron (CVX) rose 2% and Royal Dutch Shell (RDSA) climbed 2.5%. "Bears could exploit the lingering suspicions and mistrust among cartel members in respecting the production cut to drag oil prices lower in the longer term", Otunuga added. (more...)
California to probe sale of Prudential insurance through Wells Fargo
- December 12, 2016

Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Lawson Kroeker Investment Management Inc. bought a new position in shares of Wells Fargo & Co. during the third quarter valued at about $446,000. WFC has been the subject of a number of research analyst reports . (more...)
Dow and S&P hit record highs on energy shares surge Dow and S&P hit record highs on energy shares surge
- December 12, 2016

Oil soars on output deal: Energy-related shares rallied Monday after oil producers inside and outside the Organization of the Petroleum Exporting Countries struck a deal (http://www.marketwatch.com/story/oil-soars-nearly-5-after-non-opec-producers-agree-to-cut-output-2016-12-12) to reduce output by 558,000 barrels a day. (more...)
Trump Appoints Goldman's Cohn to Head National Economic Council Trump Appoints Goldman's Cohn to Head National Economic Council
- December 12, 2016

Cohn is a former Goldman commodities trader from OH who joined the firm in 1990. "As my top economic adviser, Gary Cohn is going to put his talents as a highly successful businessman to work for the American people", Trump said in a statement. (more...)
What are Analysts opinions on: General Electric Company (NYSE:GE) What are Analysts opinions on: General Electric Company (NYSE:GE)
- December 12, 2016

In comparing current levels to the 50 day averages, General Motors Company's stock is 3.07% away from the recent high and 26.01% from the 50-day low. During the same quarter previous year, the business earned $0.45 earnings per share. It has met expectations 0 times and missed earnings 7 times. This represents a $0.60 annualized dividend and a dividend yield of 4.59%. (more...)
United Kingdom police arrests six in anti-terrorism raids United Kingdom police arrests six in anti-terrorism raids
- December 12, 2016

Material recovered from an address raided in Derby has been initially assessed as being consistent with that needed to make homemade explosives, the Guardian understands. A police cordon has remained in place and forensics team have been seen entering a house in Leopold Street, Derby , in a location thought to be linked to the on-going inquiry. (more...)
Trader's Buzzers - Coca-Cola European Partners, (NYSE:CCE), Monsanto Company, (NYSE:MON)
- December 12, 2016

The average analysts gave this company a mean recommendation of 2.30. Stifel Nicolaus lowered shares of Coca-Cola from a "buy" rating to a "hold" rating and cut their price target for the company from $50.00 to $45.00 in a report on Thursday, September 29th. (more...)
Changes but No Clarity at Alexion
- December 12, 2016

As if that news weren't surprising enough, Alexion also announced that CFO Vikas Sinha has chose to leave "to pursue other opportunities". The drugmaker named David Anderson, a former chief financial officer at Honeywell , as chief financial officer. (more...)

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