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Citi Slashes JB Hi-Fi, Harvey Norman Price Targets

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Citi cut its JB Hi-Fi 12-month price target to $18.50 from $28.50. Investment bank Citigroup says Amazon, which recently confirmed it will roll out its full online marketplace in Australia, is on average about 15 per cent cheaper than Australia's consumer electronic retailers. Read More »

Seven siblings adopted together after spending years in foster care

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They expressed interest in adopting a group "of at least two or three" siblings in order to keep them together. Josh and Jessaka Clark pose with their eight children in family photos taken in April 2017.Josh and Jessaka Clark pose with their eight children in family photos taken in April 2017. Read More »

Oil boosted by signs U.S. crude glut is shrinking

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A survey of industry sentiment from S&P Global Platts predicted a draw on USA crude oil inventories of 1.8 million barrels and a gasoline stock decline of 700,000 barrels. Seven million barrels is roughly two days of oil imports into Japan, the world's fourth biggest importer. The Organization of the Petroleum Exporting Countries and other producers including Russian Federation have agreed to cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year to try to ... Read More »

Kotak Mahindra Bank to raise Rs 5662 cr via QIP

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Mumbai: Kotak Mahindra Bank has launched a qualified institutional placement (QIP) offer of 6.2 crore shares, through which it could mop up about Rs 5,800 crore. At the higher end of the price band, the bank could raise Rs. 5,800 crore. On March 8, Kotak had sold 2.8 crore shared from his personal stake at Rs 826 per share to Canadian pension fund manager Caisse de Depot et Placement du Quebec through a block deal, enabling him to reduce his stake from 33.30 per cent. Read More »

Macron Victory Eases Path for Stronger Euro

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The partial list - his newly re-named Republic on the Move party had said previously that it would stand in every one of the National Assembly's 577 seats - represented Mr Macron's first stab at creating a parliamentary power base that would help him push forward with reforms once in office. Read More »

What Are Analysts Opinions On Nabors Industries Ltd. (NBR)

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Oakbrook Investments LLC now owns 22,700 shares of the oil and gas company's stock worth $297,000 after buying an additional 100 shares in the last quarter. If you are accessing this report on another site, it was copied illegally and reposted in violation of global trademark and copyright law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/05/11/nabors-industries-ltd-nbr-given-buy-rating-at-citigroup-inc.html. Read More »

Snap Loses $6B in Market Value Despite CEO Spiegel's Confidence in Future

Even if Mr Spiegel is not anxious about Facebook, the first-quarter report will leave many investors nervous about Snap , said Rich Greenfield, the BTIG Research analyst who asked him about that rivalry. During the quarter, Snap made Spectacles widely available for the first time online. Snap has pitched itself as an alternative to traditional forms of media, such as television, rather than a competitor to the bigger social-media networks. Read More »

Bank of England: interest rates may need to rise before late 2019

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The earnings result is not expected to directly impact the Pound, but slowing wage growth and rising inflation could cause a wage squeeze. His predication came as the Bank kept interest rates on hold at 0.25 per cent and nudged down its growth forecast to 1.9 per cent for 2017 from two per cent in February. Read More »

Tension as Oil Price Sinks to a 5-month Low

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On the New York Mercantile Exchange crude futures for June delivery added 70 cents to settle at $46.22 a barrel, while on London's Intercontinental Exchange, Brent gained 81 cents to trade at $49.17 a barrel. The U.S. oil rig count has more than doubled from a year go to 703 this week, according to Baker Hughes Inc. data. He said: "Stocks of oil have kept up quite well". Read More »

Was CBA's $2.4 Billion Cash Profit Enough?

Commonwealth Bank chief Ian Narev also said customers, shareholders, or both, would feel the sting from the tax. Sign up here for free access to 7 articles per month + twice daily business email alerts. "This additional tax fails to recognise the banking sector is already the largest taxpayer in corporate Australia contributing $11.5 billion each year to government revenue", he said. Read More »

(XOM) Position Cut by Zions Bancorporation

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The stock decreased 3.02% or $0.95 during the last trading session, reaching $30.5. About shares traded. Cott Corp (USA) (NYSE:COT) has declined 12.00% since October 5, 2016 and is downtrending. Northern has invested 0% in Bankrate Inc (NYSE:RATE). Legacy Private Tru holds 23,020 shares or 0.28% of its portfolio. The company shows its Return on Assets (ROA) value of 3%. Read More »

Analysts Weigh in on Hospitality Properites Trust (NYSE:HPT)

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The stock now has an average rating of "Buy" and an average price target of $33.42. This is a positive change from Hospitality Properties Trust's previous quarterly dividend of $0.51. Shareholders of record on Friday, April 21st will be given a dividend of $0.52 per share. The ex-dividend date was Wednesday, March 29th. Currently, the company has a PEG Ratio of 4.52. Read More »

Snapchat's First Earnings Report Reports Few Earnings for Snapchat

The young social network garnered a lot of attention when it went public in March, debuting at $17 per share. As a feature in The Economist about the value of data pointed out this week, Alphabet Inc (NASDAQ:GOOGL) and Facebook accounted for almost all the revenue growth in digital advertising in the United States a year ago. Read More »

Nepal, China to ink deal on OBOR today

China is hosting the summit to showcase its ambitious drive to revive ancient Silk Road trade routes and lead a new era of globalisation. He added that OBOR in particular is characterized by projects with "very little economic rationale for China". Read More »

France's Macron names half of parliamentary candidates from civil society

On Thursday, his Republic on the Move party announced an initial slate of 428 candidates for France's 577-seat National Assembly. The French satirical magazine Charlie Hebdo is again in the headlines for all the wrong reasons after it mocked the newly elected French president Emmanuel Macron and his wife Brigitte Trogneux on its latest front cover. Read More »

Ricky Stenhouse Jr beats Kyle Busch to first Cup win at Talladega

When the red flag was lifted, the race restarted with 15 laps remaining and Busch as the leader. Stenhouse took the win following an overtime shootout with reigning series champ Kyle Busch and Jamie McMurray . There's a reason why the term the "Big One" only exists in Talladega and Daytona. Almirola's fourth place finish positions him one point behind Bayne in 17th. Read More »

VEREIT Inc. (NYSE:VER) Under Analyst Spotlight

The RSI oscillates between zero and 100. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. During the same period past year, the company earned $0.21 EPS. The current 7-day average directional indicator is 42.86. How will VER over the coming days, weeks and months? There are advantages to using a moving average in your trading, as well options on what type of moving average to use. Read More »

Ramaphosa: ANC is in danger

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Where once there was unity, we now find division in this church. "Her unbridled arrogance is a betrayal of trust with the ANC - the organisation that deployed her as premier", said ANC spokesperson Zizi Kodwa in a statement on Thursday. Lucas still refused to provide the reasons why she reshuffled her cabinet. News 24 understands that the leaders of the group eventually met with deputy secretary general Jessie Duarte who said she can not postpone the election, but will write a report to ... Read More »

Oxford Instruments (LON:OXIG) Noted As 'Overweight' In Update From JP Morgan

The number of shares Oxford Instruments PLC now has in issue is 57,099,000, which have a value of 1069 per share calculating Oxford Instruments PLC's market capitalisation to 610.39M GBP. Vanguard Group accumulated 2.49M shares or 0% of the stock. About shares traded. Tronox Ltd (NYSE:TROX) has risen 95.57% since October 4, 2016 and is uptrending. Read More »

EIA lowers forecasts for oil prices

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West Texas Intermediate, the US benchmark for the price of oil, was up 1 percent to $47.82 per barrel. The industry group the American Petroleum Institute reported a fall in US crude inventories by 5.8 million barrels last week, which was more than the 1.8 million-barrel slide analysts predicted. Read More »

US retail sales rebounded in April after sluggish winter

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Excluding automobiles, gasoline, building materials and food services, retail sales gained 0.2 percent after advancing 0.7 percent in March. The reports on Friday added to data on the labor market in suggesting that economic activity picked up at the start of the second quarter after nearly stalling in the first three months of the year. Read More »

France's Macron seen as United Nations ally

Valls", Jean-Paul Delevoye, who chooses Macron's party's candidates, told Europe 1 radio on Wednesday. "I hope that the relations of friendship and cooperation between France and Israel will continue to expand and strengthen under your presidency". Read More »

DryShips, Inc. (DRYS) has a 52-week high of $5.60

If we look at the Volatility of the company, Week Volatility is 22.84%, whereas Month Volatility is at 17.83%. (DRYS). A frequently used tool among technical stock analysts is the moving average. In phrases of Market analysis and buying and selling signals, RSI moving above the horizontal 30 reference standard is regarded as a bullish indicator, at the same time as the RSI transferring under the horizontal 70 reference standard is visible to be a bearish indicator. Read More »

Prabhas declined brand endorsements worth Rs 18 crore for 'Baahubali'

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Week one of the film saw a phenomenal response at the ticket window with as much as Rs 245 crore in the film's kitty. Among the latest records that Baahubali 2 has broken is its hindi version earning Rs 392 crore (net) thereby beating the lifetime net box-office collection of Dangal, Rs 387.39 crore. Read More »