Markets


ED seizes Rs93lakh from middlemen in raids in Karnataka ED seizes Rs93lakh from middlemen in raids in Karnataka
- December 14, 2016

Officials said the agency placed the seven, including the relative of a government official, under arrest late on Monday under provisions of the Prevention of Money Laundering Act (PMLA). All six hail from Surat. A Senior Special Assistant of the Reserve Bank of India (RBI) has been arrested by the Central Bureau of Investigation (CBI) in Bengaluru for his alleged involvement in currency exchange. (more...)
Note from jury: Majority still undecided in Slager trial Note from jury: Majority still undecided in Slager trial
- December 14, 2016

The first shot was sacked when Scott was 5.5 metres away from Slager. Slager also appeared to drop an object by Scott's body; the officer claimed that Scott had taken his taser. The hung jury was likely to fuel fresh debate about racial bias in law enforcement and the USA justice system. On Monday, a note said a majority of the jurors on the panel of 11 white people and one black person were still undecided . (more...)
Ottawa expected to open the door for more supervised drug injection sites
- December 14, 2016

While Justice Minster and Solicitor General Kathleen Ganley says the increased authority for Canada Border Services Agency will help stem the tide of illegal drugs being shipped into Alberta, making it harder for organized crime to distribute large quanities of fentanyl and other opioids. (more...)
Chinese government 'seriously concerned' by Trump stance on Taiwan Chinese government 'seriously concerned' by Trump stance on Taiwan
- December 14, 2016

Earlier Monday, Geng Shuang, a spokesman for China's foreign ministry, said in Beijing that established policy is the "political foundation" of any diplomatic relationship between China and the USA, and that any damage to it could render cooperation "out of the question". (more...)
AP Analysis: Will oil producers' cut have lasting impact?
- December 14, 2016

The 11 non-OPEC countries taking part in the agreement are: Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan and South Sudan. Professor Ode Ojowu, former Chief Economic Adviser to President Olusegun Obasanjo, said the rise in crude prices is a welcome development but urged the government not to rely on crude price for its developmental project anymore. (more...)
Carpetright looks threadbare as first half profits take a tumble Carpetright looks threadbare as first half profits take a tumble
- December 14, 2016

Carpetright said it has been stung in the rising cost of imported goods following a fall of around 16% in the value of sterling against the USA dollar since the Brexit vote. It is now predicting a 5% rise in full-year earnings to £45.5m-£47.5m, below earlier expectations. Wilf Walsh, the ebullient chief executive of Carpetright , said that he was focused on "defending our turf" and the company was planning on spending around £4m a year offering a free carpet-fitting service which would ... (more...)
Rs. 91 lakh in old notes seized
- December 14, 2016

The police detained Deepak Bhardiya, Sandeep and Ayush. Deepak is said to be an industrialist while Sandeep runs a dairy in the city, Indian newspaper The Times of India said. The incident occurred a few days back when he had come here to meet them and exchange his money in demonetised Rs 500 and Rs 1,000 notes, he said. "Ever since the demonetisation, the police are keeping a tight vigil on people indulging in shabby deals. (more...)
United Kingdom govt facing new Brexit court case
- December 14, 2016

British Future, which is chaired by Labour MP, Leave campaigner and former German citizen Gisela Stuart, believes May's intransigence is "morally wrong". The claimant has crowdfunded £70,000 in 48 hours to cover the legal costs. Jolyon Maugham QC has said he plans to take the State, the European Council and the European Commission to court on behalf of UK MEPs, who intend to have key questions referred to the European Court of Justice . (more...)
Boston Partners Has $350768000 Stake in Delta Air Lines Inc. (DAL)
- December 14, 2016

The performance for the year is at 2.65% and the performance (year to date) is at 3.85%. 8526732 shares were traded on Delta Air Lines, Inc .'s last session. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.81 annualized dividend and a yield of 1.62%. ILLEGAL ACTIVITY WARNING: This report was first posted by Community Financial News and is the propert of of Community Financial News. (more...)
Plastics manufacturer Sistema sold for $660 million Plastics manufacturer Sistema sold for $660 million
- December 14, 2016

Newell sped up that timeline because it has executed divestitures quicker and for bigger payouts than expected, he said. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. (more...)
India takes back $184 billion of old notes, central bank says India takes back $184 billion of old notes, central bank says
- December 14, 2016

It also said that banks have so far issued 4.61 trillion in new currency to people over the counter and through ATMs. RBI said that preservation of CCTV was needed to facilitate effective action by the enforcement agencies in dealing with illegal accumulation of new notes. (more...)
ADB trims growth forecast for Asia due to slowdown in India ADB trims growth forecast for Asia due to slowdown in India
- December 14, 2016

Although India's growth forecast for 2017 was kept at 7.8 per cent. "Economic growth in developing Asia remains broadly stable, but a slight slowdown in India has trimmed the region's growth outlook for 2016", said the new ADB report. The ADB cut India's 2016 growth estimate to 7% from 7.4% due to weak investment, the agricultural slowdown and the lack of available cash following the government's demonetisation programme. (more...)
Monsanto shareholders approve Bayer's $57 billion takeover Monsanto shareholders approve Bayer's $57 billion takeover
- December 14, 2016

According to a press release, around 99 percent of all votes cast were in favor of the merger. Under merger terms, shareowners will receive $ 128 per share in cash upon closing. The Bayer AG cross logo. Monsanto executives have approved a merger with Bayer, worth upwards of US$66 billion. Bayer's first and best known product was aspirin but it has branched out to a variety of human and veterinary pharmaceuticals and consumer healthcare products as well as agricultural chemicals and ... (more...)
China's Richest Man Warns Trump US Jobs at Risk
- December 14, 2016

Wang Jianlin , the billionaire chairman of real estate and entertainment giant Dalian Wanda Group, has made a series of high-profile Hollywood acquisitions in recent years and says he wants to invest more in the U.S. After snapping up stakes in European football clubs, Wanda is now turning its sights on Hollywood, announcing plans to purchase Dick Clark Productions in November that granted it the broadcasting rights to Golden Globe Awards. (more...)
S&P, Dow hit record highs; Fed meeting in focus
- December 13, 2016

Gold rose $3.90, or 0.3 percent, to $1,165.80 per ounce. The broad-based S&P 500 also gained 0.4 per cent to 2,266.11, while the tech-rich Nasdaq Composite Index jumped 0.5 per cent to 5,437.42. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 1 basis at 2.474 percent. Industrial production grew 6.2 percent from a year ago, up from October's 6.1 percent. (more...)
Tata hikes passenger vehicle prices from Jan Tata hikes passenger vehicle prices from Jan
- December 13, 2016

During the last trade, shares reached to high price of $122.45 and touched the low price of $121.39. The company on Monday announced an across-the-board increase in the prices of its passenger vehicles starting from Rs5,000 to Rs25,000, depending on the model, effective 1 January. (more...)
Wall Street Analyst's Guidance: Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) , Alnylam Pharmaceuticals, Inc
- December 13, 2016

Average Revenue Estimate of the company for the current Fiscal Quarter is $3.5 Million, according to consensus of 2 analysts. The company's stock is moving with the distance from SMA 50 of 9.78 Percent while the distance from 200-day simple moving average for the stock is 53.6 percent. (more...)
Poll sop: Pay hike for UP govt employees gets cabinet nod Poll sop: Pay hike for UP govt employees gets cabinet nod
- December 13, 2016

Among other prominent proposals which got the Cabinet nod included a raise in the retirement age of specialist doctors placed in various super-speciality hospitals across the state to 70 from 65. Expecting a note-ban backlash against BJP, Congress has kept a back channel open for striking a pre-poll alliance or an understanding with Samajwadi Party for next year's Uttar Pradesh Assembly elections, sources in the party said. (more...)
Procter & Gamble Stock Downgraded at Deutsche Bank
- December 13, 2016

The fund owned 142,197 shares of the company's stock after selling 2,622 shares during the period. Receive Procter & Gamble Company (The) News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) with MarketBeat.com's FREE daily email newsletter . (more...)
Trump to tap Oklahoma attorney general to lead EPA -transition team
- December 13, 2016

While he would likely be unable to immediately revoke finalized EPA climate change rules pushed by the Obama administration like caps on automobile emissions, he could still direct the agency to begin the lengthy process of repealing the rules. (more...)

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