Economy

Crude oil futures rise Rs 61 a barrel on global cues

Crude oil futures rise Rs 61 a barrel on global cues

Nonetheless, oil prices still remain on positive territory due to the Organization of the Petroleum Exporting Countries' (OPEC) efforts to curb output to ease global glut. But soaring U.S. production is threatening to erode Opec's efforts. "Oil got mild support from gains in Asian equity markets, but has been getting pressure from the rise in USA rig count and a slight recovery in the dollar". Read More

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Angela Merkel Criticised By Own Party Over Coalition

Angela Merkel Criticised By Own Party Over Coalition

The rare public broadside at his comrades came after SPD and Merkel's conservative CDU/CSU bloc announced a hard-fought coalition deal on Wednesday that could see Schulz claim the Foreign Ministry. The job is now held by Sigmar Gabriel , who handed the party leadership to Mr Schulz a year ago and has become one of Germany's most popular politicians since taking on the role of foreign minister. Read More

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The 'double-VIX' ETF is the most actively traded stock

The 'double-VIX' ETF is the most actively traded stock

Two exchange-traded products that democratized access to one of Wall Street's most tried-and-true strategies - selling volatility - had just $3.6 billion in assets on Monday. As the stock market suffered through its worst stretch in years earlier this week, readers of Business Insider kept asking one interesting question: What on earth does this mean for Seth Golden? UBS analysts estimate that a US equity decline of 7.4 percent, as seen over the last five working days, has historically ... Read More

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Snap announces better than expected earnings

Snap announces better than expected earnings

The retention rate of new Snapchat users on Android increased by almost 20 percent compared to the year prior, according to prepared remarks. Shares traded at $17.73 after the bell, up 26 per cent after trading even higher earlier. Snap noted that the loss was inflated by the $2.6bn in stock-based expenses it had to pay out in its first year on the market. Insiders sold 3,513,592 shares of company stock worth $45,994,369 over the last quarter . Read More

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Rio Tinto 2017 Profit Rises; Announces Additional $1 Bln Share Buy-back

Rio Tinto 2017 Profit Rises; Announces Additional $1 Bln Share Buy-back

That's a pretty tempting yield for a company with good earnings growth prospects and I think the stock still looks good value despite its 20% rise over the past 12-months versus the 4.5% gain by the S&P/ASX 200 (Index:^AXJO) (ASX:XJO). Underlying net profit after tax, in turn, was $8.62bn, up from $5.1bn in 2016, slightly ahead of market forecasts. The third largest holder is Goldman Sachs Group Inc, which now holds $328.47 million worth of this stock and that ownership represents almost ... Read More

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Jerome Powell officially takes over the US Federal Reserve

Jerome Powell officially takes over the US Federal Reserve

He graduated in politics from Princeton and in law by Georgetown. Mr Powell is a former partner at private equity firm Carlyle , while he also served in the treasury under former president George H W Bush in the 1990s. But Mr Faust said it might be particularly important to have a trained economist as chairman if there was another recession. "I've found him to be a very thoughtful policymaker". Read More

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Why United Parcel Service, Inc. Stock Fell 7% Thursday

Why United Parcel Service, Inc. Stock Fell 7% Thursday

The company's shares were given away at $110.85 per share worth to an income of some $394,183 on account of Barber James J. (NYSE:UPS). Kelly Lawrence W & Assocs Inc Ca reported 2,700 shares or 0.06% of all its holdings. The top gainer with a security that increased in price during today's trading was United Parcel Service , Inc. The institutional investor owned 10,426 shares of the transportation company's stock after selling 2,700 shares during the period. Read More

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How major USA stock indexes fared on Wednesday

How major USA stock indexes fared on Wednesday

The Nasdaq lost 64 points, or 0.9%, to hit 7,401. The Standard & Poor's 500-stock index dropped a tad more than 1 percent Tuesday, closing at 2,822. BIG DECLINER: Juniper Networks slumped 9.5 percent after the provider of network equipment forecast quarterly results that were well below what Wall Street analysts expected. Read More

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Boeing's stock set to add 120 points to Dow industrials

Boeing's stock set to add 120 points to Dow industrials

ANALYST'S TAKE: "Asian markets look set to continue in decline as global equity markets extend the correction phase", said Jingyi Pan of IG in a report. The dollar index fell 0.15 per cent, with the euro up 0.16 per cent to $1.2401. Mr. Wynn has denied the allegations. The stock's week-long decline stopped just short of 7% below a 176.34 buy point, avoiding the automatic sell rule, but leaving shares well below their 10-week moving average. Read More

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Arun Jaitley to break tradition, to deliver budget in Hindi

Arun Jaitley to break tradition, to deliver budget in Hindi

Expectations are really high. "The common man expects honesty; he expects to get what he deserves", he said, responding to a question on whether the budget will be a populist one, in an effort to woo voters. Over the last few weeks, several global agencies have slated India to grow at an accelerated pace compared to major emerging economies this year-some even predicted that India would displace China as the fastest-growing economy in 2018. Read More

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S Korea prosecutors launch probe into Apple over iPhone slowdown

S Korea prosecutors launch probe into Apple over iPhone slowdown

The top analyst expects three new iPhone models to launch in 2018, all of which could benefit from iPhone X tech. Cordwell reaffirmed his $190 price target for Apple shares, representing 6.5 percent upside to Friday's close. When Kuo's initial prediction made headlines, it was mischaracterized in the blogosphere as Apple "canceling" the iPhone X , as if it were cutting off production immediately and flipping an iPhone X sign on the door of the Apple Store to read "permanently ... Read More

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Dow Jones closes above 26000 today

Dow Jones closes above 26000 today

Technology, health care and financial stocks accounted for much of the market's gains. Futures on the Dow Jones Industrial Average surged more than 200 points on Tuesday, indicating that the blue-chip index could open above 26,000 for the first time, supported by strong earnings from UnitedHealth . Read More

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IBM falls despite posting first rise in revenue for 23 months

IBM falls despite posting first rise in revenue for 23 months

That bill also included "the revaluation of deferred tax assets and liabilities", we're told. Including that particular charge, the rate for taxes during the quarter was 124% and 49% for the full year. Martin Schroeter, the previous CFO who has since been named senior vice president of IBM Global Markets, said on the earnings call that IBM delivered on a pledge made back in July to improve its trajectory in the second half of the year. Read More

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Dr. Bernice King remembers her father, mother ahead of holiday

Dr. Bernice King remembers her father, mother ahead of holiday

Martin Luther King, Jr . "Dr. Martin Luther King Jr . believed in celebrating and promoting the worth of every human being", the Charlotte-Mecklenburg Community Relations Committee said in announcing this year's events. His sister, who obtained H-1B status, has become a US citizen and is sponsoring Wane for legalization. "There's never a time where it's inappropriate to talk about King and who he was and how we can be inspired by him to act in our own current context", she said. Read More

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Tesco is festive victor reporting record Christmas sales

Tesco is festive victor reporting record Christmas sales

Like-for-like sales and volumes in fresh food in the United Kingdom were up by 3.7 per cent, driving overall like-for-like sales growth in the country to 1.9 per cent. An ongoing decline from general merchandise was another sore point, falling 0.6% over the Christmas period. However, he added that the collapse of the Palmer & Harvey tobacco supplier had taken "the shine off an otherwise outstanding performance for the period as a whole". Read More

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New Toyota-Mazda factory to be built in Alabama

New Toyota-Mazda factory to be built in Alabama

Toyota , which makes the Prius hybrid, Camry sedan and Lexus luxury models, already provides hybrid technology to Mazda , which makes compact cars for Toyota at its Mexico plant. USA sales of small cars fell almost 10 percent previous year as buyers continued a massive shift toward SUVs and pickup trucks . "Mazda makes cars with a clear vision of how we want to inspire people, contribute to society and help preserve the beauty of the Earth". Read More

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