Tuesday, 18 December 2018
Latest news
Home » Finance


Democracy Day Ngige urges Nigerians to be patient, hopeful


On security, he said the government's achievements in the North-East, where the Boko Haram sect openly challenged the nation's sovereignty, were clear enough for all to see. On the fight against graft, Osinbajo who said the fight appeared to have been slow because of the slow nature of the nation's justice system; assured that that all hands are on the deck to make sure that all stolen funds are recovered and culprits prosecuted and sentenced. Read More »

GST rates finalised for services; education, healthcare exempted

Union Finance Minister Arun Jaitley at the first day of the two-day meeting in Srinagar of the GST Council Council said that today they will decide on the rate of tax for services. No decision made on the tax rates for gold and gold jewellery. There would be no tax on room tariff of less than Rs 1,000. Travelling on metro, local train and religious travel including Haj yatra will continue to be exempt from GST, Revenue Secretary Hashmukh Adhia added. Read More »

Snapdeal raises over Rs 113 cr from NVP, founders


The Japanese investor expects the merger will change the ecommerce landscape in the country and help in its fight against the U.S. rival Amazon . There was no clarity from Snapdeal as to where it would utilise the funds. Plus, Kalaari Capital's representative Vani Kola resigned from the board. "How they are planning to shape up the merger with the Flipkart is now uncertain", he said. Read More »

US home prices rising 2 times faster than wages


Home prices in the Big Apple rose by a seasonally adjusted 1.1 percent between February and March (up from 0 percent a month earlier), the second-fastest pace in the USA behind only Minneapolis. Of the 20 cities in the index, the weakest gain was in New York City_an area where home prices are already high relative to median incomes. "People are staying in their homes longer rather than selling and trading up", said David Blitzer of S&P Dow Jones' index committee. Read More »

Consumer spending rebounds in April

The1.2 percent annual rate of growth was the worst showing in a year, after a 2.1 percent growth rate in the fourth quarter. Prices of U.S. Treasuries were trading slightly higher. The Fed has signalled it likely will raise rates again "soon", believing recent slow growth was only temporary, and most analysts expect a rate hike at the next policy meeting Jun 13-14. Read More »

North Star Investment Management Corp Has Increased Microsoft Corp Com (MSFT) Stake

Peak Asset Management Llc sold 5,462 shares as the company's stock rose 4.75% with the market. The Night Owl Capital Management Llc holds 190,540 shares with $11.84 million value, down from 251,290 last quarter. Since January 30, 2017, it had 0 insider buys, and 14 sales for $2.55 billion activity. The company's stock has a normal trading capacity of 22.40M shares while the relative volume is 0.88. Read More »

New Jersey's Newark Airport closes after plane engine fire


United Airlines said their plane was headed for houston when its aircraft's wings were clipped on the tarmac. Guerin said one was an ankle injury. The airport says travelers should expect delays for the remainder of the night. A British official told The Associated Press on Thursday that police in Manchester have made a decision to stop sharing information about their bombing investigation with the US until they get a guarantee that there will be no more leaks to the media. Read More »

Pascal Wehrlein to have scan after Monaco GP crash


I've never seen a vehicle go up on its side before. But he clipped Wehrlein's left-rear wheel, which put the Sauber into the air and onto two wheels, hitting the barrier and coming to rest on its side. Button said he realised too late that Wehrlein had not seen him and admitted it was "horrible" to see the German's auto stuck against the barrier. " Following a switch to the Prime, he still looked set for a points finish, but, on cold tyres and with cold brakes, he understeered into the ... Read More »

Wehrlein to have scan after Monaco crash

Button collided with Wehrlein while attempting to pass him at Portier on lap 61, launching the Sauber onto two wheels and into barriers. "Who knows? I don't plan on it", he said. Wehrlein remained in the vehicle for several minutes as marshals struggled to get to it and right it while the safety auto passed by. "I tried to back out of it but it was too late and we touched". Read More »

VW-owned Wolfsburg faces cost cuts despite Bundesliga survival


Leading 1-0 from the first leg , the 2009 champions doubled their advantage when Portuguese defender Vieirinha rifled home a first-time shot. The "Lions" worked out the first chances of the game but neither Christoffer Nyman nor Gustav Valsvik were able to beat Wolfsburg goalkeeper Koen Casteels . Read More »

Brokerages Set Enbridge Energy Partners, L.P. (EEP) Price Target at $23.22


Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mizuho downgraded Enbridge Energy Partners, L.P. Cypress Energy Partners had a net margin of 0.29% and a return on equity of 5.41%. New Amsterdam Partners Llc Ny owns 122,040 shares or 0.94% of their U.S. Read More »

Police Guard Airport Terminals Amid British Airways Chaos

Amid United Airlines' dragging fiasco, mass cancellations at Delta Air Lines and US concerns about terrorists using laptops to down planes, the global aviation industry hardly needed another blow. "This could have all been avoided", said Mick Rix , national officer for aviation at the GMB union. Daily Mail blamed Cruz and chastised his methods at Vueling, where he outlawed color printing, banned paper towels from washrooms and offered visitors to business meetings only tap water. Read More »

Armed counterterrorism force detain Manchester bomber's dad during media interview


The British Prime Minister Theresa May is expected to meet United States President Donald Trump at a North Atlantic Treaty Organisation meeting today, and it is reported she will be raising concerns over the leaks with him there. A relative told AFP that Abedi had travelled to Manchester from Libya four days before the bombing. Another community leader, Mohammed Shafiq, chief executive of the Ramadhan Foundation, told the Daily Telegraph newspaper: "People in the community ... Read More »

Markets wrap: Stocks meander in holiday-hit trading; pound rises

Whether it signals a tapering off in that program will be the focus of its next meeting on June 8. He warned, however, that the extension of quantitative easing to Greece should not be considered a given and that the ECB will have to carry out its own independent assessment based on adverse scenarios, which would be fully independent of the debt sustainability reports of the both the International Monetary Fund and the European Commission. Read More »

Dutch court refuses to intervene in AkzoNobel, PPG dispute


A Dutch court Monday threw out a bid by a group of shareholders of AkzoNobel to force the holding of an extraordinary meeting aimed at trying to oust the chairman of the world's leading paintmaker. "But the board would clearly prefer to keep their jobs rather than listen to shareholders, despite the fact that Akzo Nobel is a outcome of a significant number of takeovers including the UK-based ICI". Read More »

South Africa's Zuma survives no confidence vote in ANC - News24 website


The ANC is expected to brief the media on Monday about the outcomes of the meeting, but recalling president Zuma is not going to be among them. This comes after the Public Protector's report previous year mentioned allegations by senior government who said they were offered government positions by the rich Indian Gupta family. Read More »

Pearson plc's (PSON) Sell Rating Reaffirmed at Liberum Capital

Therefore 75% are positive. Derwent London had 156 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Big Yellow Group plc (LON:BYG) has "Hold" rating given on Wednesday, October 26 by Peel Hunt. Raymond James Trust Na owns 4,500 shares. BT Group plc ( NYSE BT ) opened at 20.23 on Thursday. Royal Bank Of Scotland Group Plc increased Bed Bath & Beyond Inc (BBBY) stake by 13.85% reported in 2016Q4 SEC filing. Read More »

Statue of Dog Peeing Pops Up Near NYC's 'Fearless Girl'


Alex Gardega has created a statue titled Pissing Pug and placed it taking aim at the Fearless Girl statue's left leg. "I made a decision to build this dog and make it crappy to downgrade the statue, exactly how the girl is a downgrade on the bull", Gardega said . Read More »

Vitec Group plc (VTC) PT Raised to GBX 1100 at Peel Hunt


Peel Hunt has "Buy" rating and GBX 1117 target. The rating was maintained by Deutsche Bank with "Hold" on Friday, August 7. The firm has "Outperform" rating by Credit Suisse given on Friday, May 26. Moreover, Darsana Capital Partners Lp has 5.86% invested in the company for 1.40 million shares. Barnett Company reported 0% of its portfolio in Restaurant Group PLC (LON:RTN). Read More »

May and Corbyn left bruised after General Election TV showdown


The studio audience again applauded loudly when Mr Paxman pointed out that Mrs May and her spokesmen had promised on six occasions since becoming PM that there would not be a general election before 2020. "And he could have been", he said. The Labour leader said there was a period of silence for "everyone who died in Northern Ireland" at the 1987 event. Read More »

The Bank Of Nova Scotia Bottom Line Advances 32% In Q2


Keybank National Association OH's holdings in Bank of Nova Scotia were worth $7,123,000 as of its most recent filing with the SEC. Jarislowsky Fraser Ltd raised its stake in shares of Bank of Nova Scotia by 0.3% in the fourth quarter. Scotiabank is the fifth major Canadian lender to report second-quarter earnings this year. Analysts predict that Bank of Nova Scotia will post $4.77 earnings per share for the current year. Read More »

Politicians give verdict on Corbyn-May TV interviews

They did not appear together but were questioned separately by members of the audience and by aggressive interviewer Jeremy Paxman. May declined a face-to-face debate with Corbyn, whose opposition party has in recent days narrowed the gap in opinion polls, though the ruling Conservatives remain in front. Read More »

United States to quit Paris climate deal: Trump tells 'confidants'


At this weekend's G7 Summit in Sicily, European Union officials and the leaders of Canada, France, Germany , Italy, Japan and Britain reaffirmed their commitment to the Paris agreement . Last week, 22 Republican senators, including Majority Leader Mitch McConnell, sent a letter to Trump urging him to exit the Paris accord . Axios news outlet reported on Saturday that Trump had shared his decision with the head of the Environmental Protection Agency , Scott Pruitt, among other confidants. Read More »

Sears Holdings Corp (SHLD) Receiving Somewhat Critical News Coverage, Study Finds


The shares were bought at an average cost of $8.99 per share, with a total value of $60,233.00. In related news, Director Fairholme Capital Management L bought 222,100 shares of the company's stock in a transaction on Friday, March 17th. Sears Holdings Corp has a 52 week low of $5.50 and a 52 week high of $18.18. The company also reduced its debt load by $418 million alongside extending the maturity of $400 million of its $500 million 2016 Secured Loan Facility. Read More »

Four facts about the history of Memorial Day

But Memorial Day is meant to be much, much more than that. "If other eyes grow tiresome and other hands slack, and other hearts cold in the solemn trust, ours shall keep it well as long as the light and warmth of life remain in us". Too many of us take our military members, veterans and those who put their lives on the line for granted. Communism would have gained immeasurable might and influence had we not waged a proxy war against its principle powers - China and Russian Federation - in ... Read More »