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S&P, Nasdaq hit record highs as risk appetite improves

The S&P 500 and Nasdaq narrowly secured new record closes a day earlier in lethargic trading. Dow e-minis 1YMc1 were up 37 points, or 0.18 percent at 8:36 a.m. In Germany, the DAX slipped 0.2 percent. Endo International, Office Depot and Marriott also rose after reporting better-than-expected quarterly earnings. Read More »

Euro slips from 6-month high as Macron relief rally loses steam

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French Prime Minister Bernard Cazeneuve. Macron, 39, founded his centrist En Marche (On The Move) movement of mostly political neophytes just a year ago on a promise to inject new blood into France's discredited political class. Legislative elections will be held in France this June, and "I'll be at the head of this fight", Le Pen said. The incumbent President Hollande was so unpopular; he couldn't even run for a second term. Read More »

Prices Recovering From Plunge after Positive Saudi Comments

Brent crude fell below 47 USA dollars per barrel (£36.33) in early morning trading to lows not seen since late November, as fears over a global glut caused jitters in the commodity market. USA crude oil production is estimated to reach a 48 year high by 2018, United States oil rigs rose to a two year high, U.S. inventories reaching near-record high, upcoming IPO of Saudi Aramco, increase in Libya's crude oil production, reports of Iran and Iraq increasing crude oil production to increase ... Read More »

Bharti Airtel quarterly profit falls 69%, misses estimates

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The net profit in the quarter ended March 2017 stood at Rs 373.4 crore (or Rs 0.93 a share), almost a fourth of the Rs 1,319.2 crore (or Rs 3.30 a share) notched in the year-ago period. "Acquisition of Telenor operations and Tikona's business further strengthens the pan India spectrum footprint", the company said in a statement. "The mobile market remains turbulent in the current quarter as well, due to free offering by a new operator". Read More »

Nisaba Godrej elevated as Godrej Consumer's chairman

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Adi Godrej, 75, will become chairman emeritus after leading the company for 17 years as Nisaba, now executive director of the company , assumes the new role of executive chairperson on 10 May 2017. The total income from company operations was Rs 1,354.62 crore - up 10.32 per cent - from Rs 1,227.91 crore reported during Q4 of the 2015-16 financial year. Read More »

Numis Issues Price Target With 13.65% Upside On Shawbrook Group Plc

Cogent Communications Holdings Inc (NASDAQ:CCOI) has risen 19.47% since September 26, 2016 and is uptrending. It has outperformed by 5.33% the S&P500. It now has negative earnings. It also has interests in industrial assets that include mining, smelting, refining and warehousing operations. Among 8 analysts covering Connect Group PLC ( LON:CNCT ), 7 have Buy rating, 0 Sell and 1 Hold. Read More »

NZD drops as Fed leaves hike in prospect

A stimulus package could speed up the pace of rate hikes. "The FOMC is not overreacting to the mediocre economic data received in recent months", Long said . Interest rates remain at historically low levels. If his stimulus plans become reality, the Fed likely would speed up the tempo of rate increases because inflation could increase and the economy would be better able to withstand higher borrowing costs. Read More »

Home Capital may sell some of its portfolio

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The company also announced that a C$2 billion credit line it received from Healthcare of Ontario Pension Plan had been syndicated to Credit Suisse Group AG, Goldman Sachs Group Inc., Fortress Investment Group LLC, and a "major North American financial institution". Read More »

Nordic American posts first-quarter loss

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Vetr lowered Nordic American Tanker from a "strong-buy" rating to a "buy" rating and set a $7.08 target price on the stock.in a report on Monday. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Read More »

Jeremy Corbyn says he won't quit even if he loses election

He will add: "Don't wake on up on 9 June to see celebrations from the tax cheats, the press barons, the greedy bankers, Philip Green, the Southern Rail directors and crooked financiers that take our wealth, who have got away with it because the party they own, the Conservative Party, has won". Read More »

France turns to parliamentary battle after Emmanuel Macron victory

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Final results from the interior ministry out Monday showed Macron - who will be France's youngest ever president - won 66.1 per cent of the vote against 33.9 per cent for Le Pen. Concerns remain that Macron is yet to secure a power base in Parliament, with elections due next month in a country that remains split on the path ahead. Read More »

Buffett Is Buying Apple Inc. Stock: Should You?

He and Berkshire Vice Chairman Charles Munger noted that they avoided technology investments for most of their careers because, they said, it was too hard to figure out which companies would win. "If you even have a billion-dollar fund and get 2 percent of it, for awful performance, that's $20 million [a year]", Buffett said. He said one of the most important qualities his successor will need is a talent for wisely investing Berkshire's cash. Read More »

Voting underway in South Korea's Presidential election

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As counting gets underway, the exit poll showed Moon in first place with 41.4% of the vote, followed by conservative candidate Hong Jun-pyo at 23.3% and centrist Ahn Cheol-soo with 21.8%. Following months of protests by millions and impeachment by lawmakers, Park was removed from office and arrested in March over corruption allegations. Read More »

Workspace Group plc (WKP) Receives Overweight Rating from JPMorgan Chase & Co

The rating was maintained by Peel Hunt on Tuesday, October 11 with "Hold". The firm has "Buy" rating by Investec given on Thursday, July 23. The firm earned "Hold" rating on Tuesday, November 8 by Stifel Nicolaus. Blackrock Institutional Na has 0.01% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 1.18M shares. The Texas-based Qcm Cayman has invested 0.65% in Europa Oil & Gas (Holdings) Plc (LON:EOG). Read More »

Dollar inches up as Fed eyed for June rate steer

It added: "The fundamentals underpinning the continued growth of consumption remained solid". Activity in the USA service sector grew at a faster than expected rate in the month of April, the Institute for Supply Management revealed in a report on Wednesday. Read More »

Target testing next-day delivery

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The pilot program is called Target Restock , and it's now being tested by Target employees. The new service, dubbed Target Restock, aims to fix that. The Target Restock service will allow customers to make orders as late as 1:30 p.m. and still have them show up the next business day. Shoppers will fill a box with multiple items and have their orders shipped home for a low, flat fee. Read More »

Starlin Castro: Yankees outlast Cubs in 18-inning marathon

Meanwhile, those same people will blow a gasket if anyone ever suggests that maybe for regular-season games - of which there are 162 per team, mind you - maybe it wouldn't be so terrible to just end the thing in a tie after, say, the 12th or 13th inning. Read More »

Overbooking is OK, Airlines Say

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House lawmakers told the chief executive of United and officials of other airlines to improve their customer service in the wake of recent incidents or face possible new regulations, at a congressional hearing that was relatively free of fireworks. Read More »

Delhi BJP to lodge complaint with EC against AAP

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Meanwhile, Arvind Kejriwal had said that they would raise the issue of tampering of EVMs in the special session of the assembly, and even present an expose. Mishra tweeted that he was the only minister who has not come under the CBI scanner and has not been charged with corruption. Mr. Jaitley had filed the criminal defamation complaint alleging that the accused, including Ashutosh, Kumar Vishwas, Sanjay Singh, Raghav Chaddha and Deepak Bajpai apart from Mr. Read More »

Appeals court hears arguments on President Trump's revised travel ban

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Jeffrey Wall, the acting solicitor general, however, argued that Trump's statements about Muslims prior to taking office should not be considered evidence of discrimination. Trump issued the revised travel ban March 6, after suffering repeated legal losses over the first ban. The revised order also replaces an indefinite ban on Syrian refugees with a 120-day ban. Read More »

Buffett Says Random Laymen Just As Effective As Financial Professionals

Warren Buffett said Monday that United Airlines bungled the case of the passenger dragged off a plane last month, and he is criticizing the CEO's handling of the incident. While most developed countries publicly finance their healthcare spending, USA -based employers provide health insurance coverage for nearly half of the population, often at high rates. Read More »