Dollar stands tall against yen ahead of US GDP data

28 Oct, 2016

October 26 (BusinessDesk) - The New Zealand dollar fell to its lowest level in more than a week against the Australian dollar after inflation data across the Tasman printed stronger than the market had expected. The Reserve Bank of Australia holds its scheduled monthly policy meeting and is anticipated to leave interest rates lower at 1.5 percent. "We expect an annualized 2.9 percent quarter-on-quarter growth", said Antje Praefcke, currency strategist at Commerzbank, adding that positive ...


Police evict oil pipeline protesters from private land

28 Oct, 2016

Sirens blared and officials told protesters over a loudspeaker to move out. Photographer Peter Pawlowski says, "They have this aggressor coming after them with no consideration of culture no consideration of legal law, and to see that as my protector of my nationality is shameful".


MY BIZ: Tata braces for legal battle with Mistry

27 Oct, 2016

The present board of Tata Sons also includes Venu Srinivasan and Ajay Piramal (who were appointed as non-executive directors on August 25), Ishaat Hussain, Vijay Singh, Nitin Nohria, Ronen Sen and Farida Khambhata. Tatas on Wednesday hit back at ousted chairman Cyrus Mistry saying that his removal was not illegal and that it was done as per the articles of the association.


(AXP) Lifted to Buy at Zacks Investment Research

26 Oct, 2016

On average, analysts expect that American Express will post $5.71 earnings per share for the current year. There was another key research note provided by Nomura on Thursday October 06, 2016. Return on equity ( ROE ) was noted as 25.80% while return on investment ( ROI ) was 4.00%. A number of other research analysts also recently weighed in on the stock.


Cyrus Mistry stands down as Tata Group chairman, Ratan Tata takes over

25 Oct, 2016

The decision comes as the steel arm of the sprawling $100 billion conglomerate struggles to offload its loss-making British assets while its carmaking business continues to be plagued by weak sales. Tata Steel said in March that it would consider selling its United Kingdom operations after years of losses. Since then, the group's revenue grew to United States dollars 103 billion in 2015-16.


Modi joins debate on triple talaq

25 Oct, 2016

Meanwhile, alleging that the Central government is "politicising" the triple talaq issue, Women India Movement, a social organisation of Muslim women, today said it would not allow any "interference" with Muslim Personal Law. Modi referred to Gujarat and said that unlike Bundelkhand, which has a number of rivers, his former state of Gujarat had a dearth of water. "How can a system wherein our sisters are divorced even on uttering divorce three times over phone be accepted", he asked.


Violations in Syria Constitute Crimes of Historic Proportions

23 Oct, 2016

More than 2,000 civilians have been wounded since the army launched its offensive to drive the rebels out of the eastern districts they have held since 2012. Russian General Staff spokesman Lieutenant General Sergey Rudskoy said that despite the attempts by the so-called " moderate opposition" and its sponsors to obstruct attempts to restore the situation in Aleppo to normal, the humanitarian pause has been extended for 24 hours from 8 AM on Saturday to 7 PM.


Theresa May concedes Parliament debate on Brexit, but rules out vote

22 Oct, 2016

Despite calls from some MPs - most of whom were opposed to leaving the European Union - for Parliament to seek to block Brexit or force the British people to vote again, campaign group People's Pledge said yesterday that new research indicated most would vote in favour of triggering Article 50, which formally begins the process of leaving, if given a vote.


British American Tobacco makes $47bn offer to merge with Reynolds

22 Oct, 2016

The consideration represents a premium of 20% over the closing price of Reynolds common stock on October 20 and an enterprise value of $93 billion, which-based on reported 12-month EBITDA to September 30, 2016-represents a multiple of 16.3 times.


Pfizer to launch cheaper version of J&J immune drug Remicade

20 Oct, 2016

It argues doctors and patients will be reluctant to switch and expects only a "modest" impact from Pfizer's launch. "The one thing that can possibly create some angst is the biosimilar entry against Remicade". The last trading session volume compares with the 6.06M average and market worth floats around $321.63B. J&J tried to make a case for why Remicade will prevail, with Joaquin Duato, worldwide chairman of J&J Pharmaceuticals noting that it has experience dealing with Remicade biosimilar ...


Australia looks into Crown Resorts staff detained in China

18 Oct, 2016

If 100% of direct business from China disappeared and was not replaced with junket business, CLSA estimates Crown earnings would fall about 6% and about 10% after tax. The detained group is said to include several senior Australian executives, arrested by Chinese police for reported "gambling crimes" under article 80 of China's criminal procedure law .


US stocks inch higher as banks rise and drugmakers fall

17 Oct, 2016

Twitter has lost 32 percent of its value since October 5th on reports that potential buyers were not going to make offers. Over the last few months it appeared to be getting stronger, said David Chalupnik, head of equities for Nuveen Asset Management.


Donald Trump campaign manager left speechless when asked about Trump's tax returns

17 Oct, 2016

Registered voters in Tennessee were surveyed via random telephone calls to landline and mobile phones. The poll carries a statistical margin of error of 4 percentage points. The Clintons do not understand the concept of a business loss because they have never operated a business. A similar 47 percent agreed or strongly agree that Clinton is able to do the job, while 5 percent neither agree nor disagree, and 46 percent disagree or strongly disagree.


LeBron James on Donald Trump's 'locker room' comments: 'That's trash talk'

15 Oct, 2016

When Clint Irwin walked into the Toronto FC locker room Wednesday, the goalkeeper heard talk of fantasy football and a team meeting scheduled for that afternoon. He started off by saying that he nearly vomited listening to the audio before he addressed Trumps comment about women saying that he would "grab 'em by the p***y".


British Pound Plunges To Lowest Level In 168 Years

15 Oct, 2016

She pointed to the fact Tusk had also said that Brexit talks should be approached in good faith. He even urged PM Theresa May to reverse the Brexit vote and vowed Brits would lose all European Union benefits. The Labour leader said the Government offers "no strategy for negotiating Brexit and offers no clarity, no transparency and no chance of scrutiny of the process for developing a strategy".


Verizon: Yahoo hack could impact deal

15 Oct, 2016

Craig Silliman , general counsel at Verizon , acknowledged the hack's potential financial repercussions, saying: 'I think we have a reasonable basis to believe right now that the impact is material'. Yahoo is, however, confident that its core value is still very much intact. This is the first direct signal that Verizon has sent that the company would be renegotiating the terms of its deal with Yahoo.


General Electric Company (NYSE:GE) EPS Analysis

14 Oct, 2016

MA market capitalization is $109.86B with 11300 employees. 17 advised "Hold Rating" regarding the stock. General Electric Company (GE) is a global digital industrial company. 3 presented the recommendations about the stock as a "Buy" signal and "Overweight" signal was reported by 0. The ex-dividend date is Thursday, September 15th.


Deutsche Bank mulling radical solution to its woes

12 Oct, 2016

Deutsche Bank's immediate obstacle is the U.S. Department of Justice's demand for a massive fine over the sale of bad mortgage bonds that could far exceed the 5.5 billion euros ($6.2 billion) in provisions that the bank has set aside. The US Justice Department is now investigating the bank miss selling toxic mortgage-backed securities in the run up to the 2008 financial crisis and has asked for a $14bn fine in September.


Russian Federation willing to support 48-hour Syria cease-fire

11 Oct, 2016

Speaking to the Senate Foreign Relations Committee, Mr Blinken said "all of the outside patrons are going to throw in more and more weaponry against Russian Federation". Kerry made it clear during a phone call with Lavrov that U.S is making preparations to suspend U.S. -Russia bilateral engagement on Syria, especially the joint center for military coordination, "unless Russian Federation takes immediate steps to end" the heightened carnage in Aleppo .


Facebook's corporation tax bill rises to £4.1m after pressure from campaigners

11 Oct, 2016

The credit at Facebook UK Ltd can be offset against future tax bills and is likely to raise further questions about whether the $370bn USA company is paying its fair share towards Britain's public finances. The accounts also show revenues for 2015 £185m and down 2% at pretax profit down 9% at £8.1m. "Worse, given that tax is known to be the focus of concern for this company we are left guessing as to many issues relating to its tax because of a lack of disclosure".


Asian stocks lower on Fed rate hike expectation

07 Oct, 2016

After Tuesday's market close, Chicago Fed president Charles Evans said he would be "fine" with a rate hike by the end of this year. Unlike the fairly predictable votes of the other two naysayers at the central bank's September meeting, Kansas City Fed President Esther George and her counterpart at the Cleveland Fed, Loretta Mester, Rosengren's call for an interest rate increase when the Federal Open Market Committee was voting to hold rates steady raised some eyebrows.


Twitter moving closer to sale: possible suitors Salesforce, Google

07 Oct, 2016

The first two companies are Google and Salesforce , with a separate report claiming Verizon is even in the mix to acquire Twitter . The value of Twitter is seen as lying partly in its data as well as its status as a social media platform, according to CNBC .


Education Realty Trust Inc. (EDR) Shares Down 2.9% Following Analyst Downgrade

05 Oct, 2016

During the last trading period, the peak price level of the share was $14.41; it means it is top price of day and down price level of the share was $14.22; it means minimum price of the day at which price share traded. owned 97.8% common general partnership interest in Digital Realty Trust L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust Inc.


What Effect did the First Debate Have Overall on Voters?

03 Oct, 2016

Fifty-four per cent of those surveyed said that Clinton beat Trump in the first prime time presidential debate on Monday at the Hofstra University on Long Island, New York. But, not all polls seem to think Clinton saw a major boost from the debate. The WBUR poll was conducted between September 27 and 29, and surveyed 502 likely voters.


Guardiola congratulates Tottenham for deserved victory

03 Oct, 2016

Tottenham have won four straight in all competitions and they're not going to just lie down for City in this match . "For that, I'm very proud of our players' work". Harry Kane remains out with an ankle ligament injury, meaning summer signing Vincent Janssen is likely to start again up front. If Spurs hadn't imploded at the end of last season, and if Leicester hadn't accidentally stumbled upon a way to keep winning 1-0 every week, and if everything else had gone their way.


Giuliani claims Trump 'a genius' for not paying taxes

03 Oct, 2016

According to the Times , Trump's almost $1 billion monetary loss stems "from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan".


South Korea orders more checks on Galaxy Note 7 batteries

02 Oct, 2016

Samsung said earlier this week that it had made 500,000 replacement units of the Galaxy Note 7 available in the United States to replace the defective Note 7s. The notably great Samsung Note7 saga continues, while hopefully reaching the beginning of the end of the dramas now that safe replacement stock has now started arriving.


Trial begins for Alabama justice accused of blocking gay marriage

01 Oct, 2016

Moore's lawyer, Mat Staver, told the court that Moore's order was merely a "status report" that "did not order them to disobey anything". He says Moore is being targeted for his religious views. The U.S. Supreme Court had ruled in Obergefell v. Hodges that came-sex couples could marry in all 50 states and a federal judge had enjoined probate judges from enforcing Alabama's same-sex marriage ban, he said.


US pending home sales slump in August

30 Sep, 2016

By region, August pending home sales increased by 1.3% to an index score of 98.1 in the Northeast, up 5.9% compared with August 2015. Home purchases and prices have risen much of this year but a slowdown surfaced in August as a lack of inventory has hurt the market.


Commerzbank plans to cut 9600 jobs

30 Sep, 2016

The bank's announcement comes at a time when Berlin has to decide whether to rescue its biggest lender Deutsche Bank which is facing a $14 billion fine from United States regulators. The bank said its decision to cut nearly one in five of its employees worldwide and merge two of its largest businesses will result in a €700 million ($1.08 billion) write-off and a loss for this quarter.



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