Markets


Asia stocks set to end week higher, dollar slides after Fed Asia stocks set to end week higher, dollar slides after Fed
- March 17, 2017

But the Fed's policy-setting committee did not flag any plan to accelerate the pace of monetary tightening. Overnight, Wall Street was subdued following strong gains after the Fed's rate decision. That helped Amsterdam's AEX stock index climb to its highest level in more than nine years, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015 as fears eased that the euro zone was heading inexorably towards a break-up. (more...)
Matthew Perry once beat up Justin Trudeau Matthew Perry once beat up Justin Trudeau
- March 17, 2017

Mr Perry was born in the U.S. state of MA but raised in Ottawa, Canada and attended the same school as Mr Trudeau. Speaking to host Jimmy Kimmel he said, "I think he (Justin Trudeau) was excelling at a sport that we weren't, so it was pure jealousy. (more...)
Japan court rules state liable for negligence over Fukushima Japan court rules state liable for negligence over Fukushima
- March 17, 2017

The Maebashi District Court said the Japanese government and Tokyo Electric Power should have taken more measures to prevent the nuclear disaster which led to the evacuation of tens of thousands of people. "The government and TEPCO could have foreseen the tsunami and avoided the accident", the plaintiffs said, also noting that the power supplier discussed the risk of losing all power at its nuclear plants with nuclear authorities. (more...)
United States shares maintain momentum after Fed move United States shares maintain momentum after Fed move
- March 17, 2017

The slightly softer tone from the Fed helped to boost bank shares. The Fed also indicated it planned two more rate rises this year, compared with some predictions that three more increases were possible. (more...)
TEA welcomes Tamil Nadu's tax free budget TEA welcomes Tamil Nadu's tax free budget
- March 17, 2017

Similarly, a Plastic Industries Park, Ponneri was being set up by the Tamil Nadu Industrial Development Corporation in association with the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). "The low economic growth, demonetisation and the ban on sale of property in unapproved layouts have dented receipts from stamp duty and registration charges severely", he said. (more...)
BMO Capital Markets Increases Adobe Systems Incorporated (ADBE) Price Target to $140.00 BMO Capital Markets Increases Adobe Systems Incorporated (ADBE) Price Target to $140.00
- March 17, 2017

On the ratings front, ADBE has been the subject of a number of recent research reports. Canaccord Genuity reissued a "buy" rating on shares of Adobe Systems in a research note on Tuesday. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 18.84%. (more...)
Stocks May Open Higher Ahead Of Fed Announcement Stocks May Open Higher Ahead Of Fed Announcement
- March 17, 2017

Across the Tasman sea, the New Zealand dollar stood tall at $0.7022, having gained 1.8 percent after the Fed decision. More tellingly, the 10-year Treasury yield, while having risen 15 basis points since the end of February, is still 50 basis points below its post-taper tantrum peak of almost 3 per cent in early January 2014. (more...)
RBI sets rupee reference rate at 65.5411 against dollar RBI sets rupee reference rate at 65.5411 against dollar
- March 17, 2017

On March 16, at Rs65.41 per United States dollar, the currency hit a one-year high against the greenback. The domestic unit opened weak by 8 paise at 65.49 at the Interbank Foreign Exchange market today. This sentiment is expected to encourage foreign investors to plough more funds into India. "I think there should be very little volatility in the Indian markets". (more...)
Eight JC Penney stores in Minnesota on store closings list Eight JC Penney stores in Minnesota on store closings list
- March 17, 2017

The store in South Portland, one of the anchor stores at the Maine Mall, will remain open, as will stores in Auburn, Waterville, Bangor and Presque Isle. We will have more information, as it becomes available. The company did say it would initiate a voluntary early retirement program for around 6,000 eligible employees. (more...)
JGBs remain flat ahead of BoJ's March monetary policy meeting JGBs remain flat ahead of BoJ's March monetary policy meeting
- March 17, 2017

At the two-day policy meeting that ended on Thursday, it also kept its yield target for 10-year Japanese government bonds around zero percent. It kept the pace of its asset purchases unchanged at about 80 trillion yen ($700 billion) annually. (more...)
ALLETE Clean Energy Builds Another Wind Farm ALLETE Clean Energy Builds Another Wind Farm
- March 17, 2017

Allete Clean Energy said in its own statement that the Clean Energy 1 scheme will enter construction in 2018. By adding 1,550 megawatts of new wind generation in the Upper Midwest, including 600 megawatts in South Dakota, the proposal is Xcel Energy's largest to date with seven wind farms to be built in Minnesota, North Dakota, South Dakota and Iowa, pending regulatory approval. (more...)
Hillary Clinton thinking about run for mayor? Hillary Clinton thinking about run for mayor?
- March 17, 2017

Clinton did not respond to the report . According to TMZ , Clinton reportedly discussed the idea of a mayoral run with a group of "politically connected people" in NYC. She may not like the end results as one March poll by Rasmussen found that 58 percent of likely voters want her to stay out of the race. That poll said he would beat every other potential candidate, including city comptroller Scott Stringer, former City Council Speaker Christine Quinn, and Sen. (more...)
Paytm starts global expansion, launches app in Canada Paytm starts global expansion, launches app in Canada
- March 17, 2017

The app will also support payments towards insurance and property tax. Paytm Labs , located in Toronto in Canada is the research and development division of Paytm and was founded in 2014. "We are excited to announce that starting today, consumers in Canada will be able to access the seamless Paytm experience that is already well-known in India for its convenience". (more...)
Mortgage Rates Near a Three-Year High Mortgage Rates Near a Three-Year High
- March 17, 2017

Mortgage rates, which had begun to move higher ahead of the Federal Reserve's decision to increase its benchmark rate, rose again this week. Also in the market, the banks stock weakened to 14.57 down -0.19. The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. (more...)
UK government pulls ads from YouTube in extremist content row UK government pulls ads from YouTube in extremist content row
- March 17, 2017

Sign up to our daily newsletter for your chance to win. Advertisers are unhappy that their ads have been placed next to extremist content and hate speech, and Google says it will improve the controls advertisers have over ad placement. Fearful of losing out on advertising revenue - the company's lifeblood - Google is undertaking a review of the policies it has in place and investigating ways that things can be improved. (more...)
EMIS Group (LON:EMIS) Broker Updates EMIS Group (LON:EMIS) Broker Updates
- March 17, 2017

Bailard Inc. now owns 109,124 shares of the company's stock valued at $2,775,000 after buying an additional 684 shares in the last quarter. The stock decreased 0.17% or $0.01 on March 16, reaching $5.99. The stock has "Overweight" rating by JP Morgan on Thursday, August 4. The company was upgraded on Friday, August 19 by Sidoti. Hammerson plc (LON:HMSO) had its target price lifted by Liberum Capital from GBX 570 ($6.97) to GBX 600 ($7.34) in a research note released on Monday morning. (more...)
Zacks Rank on General Motors Company (GM) based on Estimated Earnings
- March 17, 2017

Los Angeles Capital Management & Equity Research Inc. increased its position in Ford Motor Company by 2,485.5% in the third quarter. They now have a Dollars 11 price target on the stock. Moreover, Macquarie issued Initiated rating for the stock on 1-Dec-16. Following the completion of the sale, the insider now directly owns 450,635 shares of the company's stock, valued at $5,714,051.80. (more...)
S Australia seeks EOIs for 100-MW battery S Australia seeks EOIs for 100-MW battery
- March 17, 2017

He said no, but the Premier chimed in "it's about to be". There is renewed hope that South Australia's energy crisis might soon be solved with experts hoping to harness the awkward tension that arose during today's press conference stand-off between Energy Minister Josh Frydenberg and South Australian Premier Jay Weatherill. (more...)
Westpac raises home loan interest rates, follows NAB Westpac raises home loan interest rates, follows NAB
- March 17, 2017

The changes will come in effect on March 24 and will see home loan rates for owner-occupiers with principal and interest repayment loans will jump by 0.03 percent to 5.32 percent and by 0.08 percent to 5.49 percent for those with interest-only repayments. (more...)
LVW Advisors LLC Has $3319000 Stake in Wells Fargo & Co
- March 17, 2017

Credit Suisse is confident in the positioning and longer term prospects for the Wells Fargo franchise, but on the sidelines for now based on relative risks, returns and valuation. If you are accessing this news story on another site, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. (more...)

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