Markets


London Taxi Company opens £300m electric black cab factory in Coventry London Taxi Company opens £300m electric black cab factory in Coventry
- March 22, 2017

Now, thanks to the commitment of Geely's top management and accompanying large-scale investment, the iconic London taxi is set for its continued renaissance. LTC describes the technology behind the new facility as "cutting edge", having been developed in collaboration with other Geely-owned companies, including Volvo. (more...)
Investors Traded Stock: Nike, Inc. (NYSE:NKE)
- March 22, 2017

Nike's Q2 gross profit margin declined 1.4% year-over-year, to 44.2%. Nike's sales in North America, the company's biggest market, rose 3% in the quarter ended February 28. During the quarter, Nike Inc (NYSE: NKE ) repurchased a total of 8.9 million shares for about $475 million. The company presently has an average rating of "Buy" and a consensus price target of $61.64. (more...)
Xenia Hotels & Resorts Inc (XHR) Receives $19.00 Average Price Target from Analysts
- March 22, 2017

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, HST earned gross profit of 0, in 2015 0 gross profit, while in 2016 Host Hotels & Resorts, Inc. raised its position in Host Hotels and Resorts by 0.3% in the third quarter. Following the completion of the acquisition, the director now owns 30,927 shares of the company's stock, valued at $541,222.50. (more...)
Kingfisher's share price falls as group warns on outlook and chairman retires Kingfisher's share price falls as group warns on outlook and chairman retires
- March 22, 2017

Like-for-like sales at the homeware store were up 3.5 per cent. Sales have passed the £11bn mark at the parent company of B&Q and Screwfix, while the group also revealed that the current chairman of the Rugby Football Union (RFU) is set to take over as its chairman later this year. (more...)
SBI Awaits Bharatiya Mahila Bank Merger Date SBI Awaits Bharatiya Mahila Bank Merger Date
- March 22, 2017

The Central government has chose to merge the Bharatiya Mahila Bank (BMB ) with the State Bank of India (SBI) so that women of the country can avail banking services in a better way. Post the merger, about 103 branches of BMB and business of approximately Rs 2,000 crore would come into SBI's books. The SBI has a large outreach of 20,000 branches and lowest cost of funds in the sector. (more...)
North Korea Missile Launch Fails, US and South Korea Say North Korea Missile Launch Fails, US and South Korea Say
- March 22, 2017

He described "a staged approach" for North Korea to stand down its nuclear program. "It is because of these hostile activities on the part of the United States and South Korea". "We need to be setting a precedent that this is unacceptable in the worldwide community", Bennett stressed in the lecture focused on North Korean security challenges. (more...)
Wall Street's worst day since before Trump's election Wall Street's worst day since before Trump's election
- March 22, 2017

The S&P 500 and Dow Jones Industrial Average lost over 1 per cent in their worst one-day performances since before Trump's election victory in November. Goldman Sachs stock ended the day down 3.7 percent, and Bank of America stock declined 5.8 percent. But if you really need a reason, you could do worse than this: The S&P 500 is finally down more than 2% from its all-time high, the first time that's occurred since the election , according to a tweet from Bespoke Investment Group . (more...)
'Yemen's warring parties should protect ports, not UN' 'Yemen's warring parties should protect ports, not UN'
- March 22, 2017

The raids are suspected tp have been targetting the Hudeidah port in Yemen which is under the control of the Shia Houthi rebels. The warring parties in Yemen are responsible for the protection of civilians and infrastructure and not others, the United Nations said today in response to a Saudi-led military coalition calling for the UN to supervise a strategic port. (more...)
Greek police intercept 'suspect' packages in Athens Greek police intercept 'suspect' packages in Athens
- March 22, 2017

Greek authorities were on alert after the dispatch of two parcels laced with gunpowder last week. The discovery comes less than a week after letter bombs were delivered to the Paris office of the International Monetary Fund (IMF) and the German Finance Ministry. (more...)
United Kingdom issues ban on electronic devices on flights following U.S. order
- March 22, 2017

Airports covered by the U.S. restrictions are in Cairo; Istanbul; Kuwait City; Doha, Qatar; Casablanca, Morocco; Amman, Jordan; Riyadh and Jeddah , Saudi Arabia; and Dubai and Abu Dhabi in United Arab Emirates. They said terrorists are "aggressively pursuing innovative methods to undertake their attacks". The New York Times reports the Department of Homeland Security already uses preclearance techniques at many airports, including Abu Dhabi, before passengers can board flights, ... (more...)
Puzder resigns from CKE Restaurants Puzder resigns from CKE Restaurants
- March 22, 2017

Jason Marker hails from New Zealand and it about to take up the CEO role at the parent company of Carl's Jr . President Donald Trump tapped Puzder back in December as his pick to lead the Department of Labor. and Hardee's over the past 16 years. A marketing specialist, Marker has been with Yum Brands, the parent of KFC, for more than a decade, rising out of its South Pacific region to take on a number of USA roles. (more...)
Government bans laptops on flights to United Kingdom from six countries
- March 22, 2017

The eight countries whose airports (10 in total) will be impacted by this new rule include Egypt , Jordan , Kuwait , Morocco , Qatar , Saudi Arabia , Turkey and the United Arab Emirates , according to The Washington Post . Royal Jordanian Airlines said the ban would apply to devices larger than a mobile phone. The move came hours after the U.S. government warned that extremists plan to target passenger jets with bombs hidden in electronic devices, and banned carrying them in ... (more...)
Malaysians on Forbes' super-rich list Malaysians on Forbes' super-rich list
- March 22, 2017

Ronda Stryker, the granddaughter of the company's founder was No. 385 with $4.4 billion , followed by former chairman John Brown, who had a net worth of $2.9 billion and ranked 745th. He has been the richest person in the world for 18 out of the past 23 years. While our Malaysian billionaires are nowhere near the likes of Bill Gates and Warren Buffet, it is notable that 12 of them were named in Forbes 2017 Billionaires List. (more...)
Petroleo Brasileiro SA- Petrobras (NASDAQ:PBR) Expected To Report Earnings On Tuesday Petroleo Brasileiro SA- Petrobras (NASDAQ:PBR) Expected To Report Earnings On Tuesday
- March 22, 2017

November 10, 2016: Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR) reported Q3 earnings loss of -$0.41, missing consensus estimates of $0.13. The short ratio in the company's stock is documented at 2.46 and the short float is around of 0.4%. (more...)
United Kingdom follows USA ban of electronic devices in cabins on some flights
- March 22, 2017

Officials said the decision had nothing to do with President Donald Trump's efforts to impose a travel ban of six majority-Muslim nations. The British security rules will apply to flights from Turkey, Lebanon, Jordan, Egypt, Tunisia and Saudi Arabia. (more...)
United Kingdom to follow U.S. flight ban on larger electronic devices
- March 22, 2017

Around 50 flights per day from the selected airports will be affected by the new rules, impacting thousands of passengers. "The United States government made a similar announcement earlier today regarding flights to the United States and we have been in close contact with them to fully understand their position", the announcement reads. (more...)