Wednesday, 16 January 2019
Latest news
Home » Finance


US, Japan, S.Korea call 'urgent' Security Council meet

The launch verified the reliability and accuracy of the solid-fuel engine's operation and stage separation and the late-stage guidance of the nuclear warhead which was recorded by a device mounted on the warhead, KCNA said. In its latest effort to develop its ballistic and nuclear weapons, North Korea fired a medium-range missile Sunday that appeared to be similar to one the country tested earlier this year, USA and South Korean officials said. Read More »

Ford replaces CEO in push to transform business


The resulting shrink in profits has triggered a decrease in share prices by close to 40% in just over two years. He was recognized for predicting the office landscape would shift away from cubicles to an open-space environment, and transformed the traditional manufacturer of office furniture, the profile showed. Read More »

Australia's Westpac says new bank levy will add $48 mln in costs


On an annualised basis, that represents about A$260 million after tax, equivalent to around 8 cents per share or 4.3 percent of dividends paid, Westpac said in a statement. In particular, Westpac decried the levy as an " inefficient tax " which "does not apply to foreign banks, giving them a competitive advantage and favouring foreign shareholders over Australian ones". Read More »

Kapil Mishra on hunger strike, demands details of foreign tours'


Anna Hazare , who was the mentor for Arvind Kejriwal in the early part of the latter's career, said he was not fully convinced by the allegations of Mishra. two crore to Kejriwal. Suspended Aam Aadmi Party leader, Kapil Mishra is sitting on a hunger strike today. "I will continue to sit on hunger strike till details of global travel expenses of five AAP leaders are shared", Mishra said. Read More »

FinnCap Reaffirms "Buy" Rating for Telecom plus PLC (TEP)

Facebook Inc (NASDAQ:FB) has risen 6.00% since April 18, 2017 and is uptrending. It has by 0.00% the S&P500. GlaxoSmithKline plc (ADR) (NYSE:GSK) has a Return on Assets of 2.90%, which is key indicator of how profitable a company is relative to its total assets. Read More »

CBI raids Chidambaram, son and Mukerjeas over INX Media

This FIPB approval with regard to investment for Rs 4.6 crore to the company came on May 18, 2007. While INX media was under the focus during the CBI raids that were conducted on Tuesday, it must be noted that several other firms too had been summoned by the ED which originally conducted the probe. Read More »

Australian iron ore magnate donates $300 million to charity


The WA-based couple hope the money can be used to enhance cancer research to the point where it is "no longer a life-debilitating disease". Click below to follow HuffPost Australia Politics on Facebook! Twiggy is encouraging us to do the same, saying that while America has a stronger philanthropic culture than Australia, times are changing. Read More »

Kuwait next to back oil production cap extension

The world's biggest oil producers Russian Federation and Saudi Arabia on Monday called for extending an output reduction deal ahead of an OPEC meeting later this month. Yet, OPEC's own production rose in April, by 65,000 barrels daily last month, to 31.78 million bpd, with increased production in Nigeria and Saudi Arabia compensated for production outages in Libya and lower production rates in Iran, both exempt from the cut agreement. Read More »

Lucknow express derails at Unnao; no casualty


Railway Ministry spokesperson Anil Saxena on Sunday confirmed that no casualties or injuries were reported, after the derailment of Lokmanya Tilak train earlier in the day. PRO, North-Central Railway Amit Malviya, said three helpline numbers have been started at Kanpur Railway station. Railway Minister Suresh Prabhu has ordered a probe into the accident. Read More »

BT Group plc (BT) Price Target Cut to GBX 340

About 1.90M shares traded or 7.34% up from the average. Analysts are also projecting an Average Revenue Estimate for GlaxoSmithKline plc as $3000 in the Current Quarter. Finally, Royal Bank of Canada boosted their price objective on Polymetal International PLC from GBX 810 ($10.46) to GBX 840 ($10.84) and gave the company a sector performer rating in a research note on Thursday, March 16th. Read More »

Iranian MPs to Weigh Response to New US Sanctions


He said Iran would retaliate by adding nine USA individuals and companies to its own sanctions list, accusing them of "clear violations of human rights" in relation to their support for Israel or "terrorist groups" in the Middle East. Although oil sales have rebounded since the deal came into effect in January 2016, Iran's continued exclusion from the worldwide banking system has prevented it from signing much needed trade and investment deals with Europe and Asia. Read More »

Russian FM Lavrov denies discussing Comey's dismissal with Trump

The White House has said the firing was unrelated to the FBI's Russia investigation, though officials did not deny the Times report that Trump was critical of Comey to the Russians the day after he fired him. Brien Comey told the Bergen Record. "Among the concerns that I recall were to restore the credibility of the Federal Bureau of Investigation, respect the established authority of the Department of Justice, limit public statements and eliminate leaks", he said, echoing the sentiments ... Read More »

Israeli settler's murder of Palestinian condemned


Those who deemed the administration to be neutral doubled to 21 percent, compared to 10 percent in January. However, Trump is expected to travel mostly by helicopter, the Times of Israel reported , adding that " organizers are hoping to avoid a repeat of a mishap during Obama's visit ", when the U.S. Read More »

Next Weeks Broker Price Targets For Tesco PLC (TSCDY)


Six equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of GBX 407.83 ($5.26). Numis Securities maintained the shares of SAFE in report on Thursday, March 24 with "Buy" rating. The Company's segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes ... Read More »

French president names mix of faces to left-right government


Center-right Prime Minister Edouard Philippe, whom Macron tapped named Monday, is to lead the government at least until the elections. France's new Foreign Minister Jean-Yves Le Drian was a respected defence minister in the outgoing Socialist government, praised for his pragmatism and the flurry of orders he chalked up for the arms industry. Read More »

Federal Budget 2017: Winners and losers

It is unimaginable that a politician will make a decision to harm their fellows, but the Australian Treasurer has done the next best thing by slapping a new tax on large banks. Welfare recipients that fail the test will be placed on the Government's cashless welfare card, which quarantines 80 per cent of welfare payments to a debit card to prevent recipients from spending money on drugs and alcohol. Read More »

Kuwait backs extension of oil cuts

In early December 2016, OPEC countries and eleven non-OPEC nations agreed to slash the total oil production by 1.8 mln barrels per day in the first half of this year in order to cut global oil stocks to the latest five-year average. Thus, OPEC countries reduced the average daily production by nearly 1.2 million barrels. The minister believes global oil reserves will decline by another 100-120 mln barrels per day by July 1, 2017. Read More »

Ford Confirms 10% Salaried Job Cuts

But the initial response by investors is proving lackluster. Ford Motor , facing pressure to improve profitability amid a lagging stock price, confirmed Wednesday that it would cut almost 10% of its salaried workforce in its North America and Asia Pacific divisions. Read More »

North Korea fires 'unidentified projectile': South Korea

Military vehicles believed to be carrying North Korea's KN-08 Intercontinental Ballistic Missiles are paraded in Pyongyang, North Korea April 15, 2017. South Korea's new President Moon Jae-In called a National Security Council meeting in response to the latest launch, Yonhap news agency reported. Read More »

Jet Collides With Service Truck On Tarmac At LAX


The Aeromexico Boeing 737 passenger jet that knocked over an airport food truck remained in a hanger Sunday, as Airport police have completed - but not released - their investigation. The plane sustained minor damage, the airport said. The truck was used for "provisioning", according to Los Angeles World Airports spokesman Frederick Badlissi. Read More »

North Korea missile program progressing faster than expected, says South


That missile traveled about 500 kilometers before crashing into the sea, according to South Korean and US officials. "The thought of placing cyanide in the hands of the North Koreans, considering their record on human rights, political prisoners, and assassinations is not only risky but defies common sense", Haley said in a statement. Read More »

Global Oil Supplies Inch Down In April: IEA

The bank said that "these combined volumes could largely offset the benefit of the extended cuts". OPEC and non-OPEC participants will meet on May 25 to review its production agreements, and signs suggest the deal is likely to be extended. Read More »