Finance

SEA Games 29: Vietnam drops to third place on day eight

SEA Games 29: Vietnam drops to third place on day eight Malaysia clinched four silver medals through Kwan in the hoop apparatus (15.250 points), Koi in the ball (15.050 points) and ribbon (14.700 points) apparatus, as well as Izzah in the clubs apparatus (15.250 points). "I want to say sorry to my fans in Myanmar", she said. "Now I know better in terms of strategy and technique". Vietnam sent 471 athletes to the most important regional sports event,... [Full Article...]

Oil steady after United States crude stockpiles drop

The hurricane is forecast to make landfall late Friday or early Saturday between Corpus Christi and Houston , both important oil refining centres. International Brent crude futures were at $52.53 per barrel, up 49 cents, or 0.9 percent, from their last close. [Full Article...]

Gilead to buy Kite Pharma for about $12 billion

Gilead to buy Kite Pharma for about $12 billion It has underperformed by 38.50% the S&P500. Wendell David Associates Inc decreased Gilead Sciences (GILD) stake by 21.9% reported in 2016Q4 SEC filing. RBC Capital Markets maintained Gilead Sciences, Inc. The firm has "Neutral" rating by Bank of America given on Monday, January 18. On Thursday, September 22 the stock rating was initiated by Berenberg with "Buy". [Full Article...]

Stock On the Run: NIKE, Inc. (NKE)

Stock On the Run: NIKE, Inc. (NKE) The stock increased 0.11% or $0.06 during the last trading session, reaching $53.9. These shares are worth $6,583,251 and were traded at $58.61 each. Alecta Pensionsforsakring Omsesidigt increased Nike Inc (NKE ) stake by 11.88% reported in 2016Q4 SEC filing. [Full Article...]

Whole Foods set to lower prices Monday as part of Amazon takeover

Whole Foods set to lower prices Monday as part of Amazon takeover As a down payment on that vision, Whole Foods Market will offer lower prices starting Monday on a selection of best-selling grocery staples across its stores, with more to come. The Echos were flanked by signs that touted "Whole Foods + Amazon " with a "Farm Fresh!" tagline that would make the creators of HBO's "Silicon Valley" proud. [Full Article...]

The Navient Corporation (NASDAQ:NAVI) Position Held by First Manhattan Co

Navient Corp (NASDAQ: NAVI ) has risen 12.24% since August 24, 2016 and is uptrending. It has underperformed by 4.46% the S&P500. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. [Full Article...]

Amazon expected to slash prices at Whole Foods starting Monday

It's a quick and potentially impactful move given that Whole Foods is traditionally known for its high prices, earning it the sassy nickname, "Whole Paycheck". There were also non-Whole Foods employees with the group wearing "visitor" stickers - perhaps Amazon employees helping manage the transition. Year-to-date, AMZN has gained 26.06%, versus a 10.42% rise in the benchmark S&P 500 index during... [Full Article...]

Search expands for missing sailors from USS John McCain

Search expands for missing sailors from USS John McCain Also this month, North Korea threatened to fire ballistic missiles towards the U.S. Pacific territory of Guam in a standoff over its nuclear and missile programs. Swift, who traveled to Japan to relieve Aucoin, ordered his deputy Pacific Fleet commander, Rear Admiral Phil Sawyer, to immediately take command of the powerful USA force. [Full Article...]

Shekel stronger against dollar after Yellen's speech

Imre Speizer, Westpac markets strategist, said Tropical Storm Harvey, which has caused catastrophic flooding in Texas, was likely to further weigh on the USA dollar because it was "a major negative weather event" and "obviously bad for the economy". [Full Article...]

Petrol Price up to Rs 6/litre, Diesel Prices hick Rs 3.67

Petrol Price up to Rs 6/litre, Diesel Prices hick Rs 3.67 So much so, that petrol price now is the most expensive in the past three years. In Delhi, petrol now costs Rs 69.04 per litre, the highest in nearly three years, while diesel costs Rs 57.03 per litre. Petrol price, since the oil companies introduced daily revision, has seen a steady and constant rise. This practice continues on June 16th. After this procedure came into effect, prices dropped. [Full Article...]

Rescue efforts continue at Harmony's Kusasalethu mine

Rescue efforts continue at Harmony's Kusasalethu mine Four rescue teams would work in shifts throughout Friday night and Saturday morning to ensure the safe return of the miners. Five miners were trapped on Friday morning after a tremor caused sections of the gold mine outside Johannesburg to collapse. [Full Article...]

Yellen defends the banking regulation that followed the crisis of 2008

The single currency has eventually broken strong obstacles at 1.1828/46 (former highs) and turned focus towards barriers at 1.1900 zone. Eligible German bonds for the ECB to purchase for its debt-buying program have shown signs of drying up while the central bank has recently bought more Italian bonds than its own self-imposed "capital key" rules allow. [Full Article...]

Gasoline prices will rise in the storm's aftermath

Gasoline prices will rise in the storm's aftermath Hurricane Harvey, now classified as a tropical storm, is expected to cause a slight surge in gas prices in some southern states. That will lead to higher prices all across the country. Those prices likely will start rising as early as Monday morning, if not sooner. Overall, however, the average price for regular-grade gas nationwide on Friday was $2.39 per gallon, down a half-cent from two wee... [Full Article...]

Axelsen and Okuhara win BWF World Championship titles

Axelsen and Okuhara win BWF World Championship titles On a mixed day for India, Sindhu guaranteed her third World Championship medal while Srikanth bows out PVSindhu completed a hattrick of medals at the World Badminton Championship as she stormed into the semifinals, lifting India's spirit after Kidambi Srikanth's quarterfinal exit here. [Full Article...]

RBI plans to re-introduce Rs 1000 notes

RBI plans to re-introduce Rs 1000 notes Just 1.3 per cent of the notes were not returned, the report claimed. The new notes could be issued as early as December 2017, the report said. This figure represents the total of all Rs 1,000 notes that were not deposited with the banks after demonetisation starting November 8 a year ago. [Full Article...]

Nandan Nilekani's Return Boosts Infosys Investors' Wealth By 9400 Crores

Nandan Nilekani's Return Boosts Infosys Investors' Wealth By 9400 Crores The fast-paced developments at India's second-largest IT firm were the talking point throughout as the stock took a severe beating dragging down the markets . After co-founder Nandan Nilekani joined Infosys again on Friday as nonexecutive chairman, shares of the IT major zoomed during early morning trade on Monday. [Full Article...]

Regulator's inquiry into Commonwealth Bank appropriate, Scott Morrison says

Regulator's inquiry into Commonwealth Bank appropriate, Scott Morrison says Australian shares slipped on Monday, with the financial sector leading broad-based losses after a financial regulator said it would establish an inquiry into Commonwealth Bank of Australia (CBA). APRA Chairman Wayne Byres said that although the lender was "well-capitalized and financially sound", issues surrounding CBA had raised concerns and damaged the bank's reputation and public standing. [Full Article...]

ACCC takes action against ticket reseller Viagogo

ACCC takes action against ticket reseller Viagogo For example, the ACCC says Viagogo was advertising tickets to The Book Of Mormon for $135 which then blew out after $42.50 of fees were added. In April this year consumer group Choice launched an worldwide survey of the ticket resale market, revealing ticket price mark-ups of up to 327 per cent at range of platforms including Viagogo, Ticketmaster Resale Australia and StubHub. [Full Article...]

Gold rises after Yellen speech; investors await Draghi

Brent, the global crude oil benchmark, rose 0.6 percent to $52.72 a barrel, adding to Friday's 0.7 percent increase. USA stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech. [Full Article...]

Uber picks Expedia chief as its new CEO

Uber picks Expedia chief as its new CEO It wasn't immediately clear why Mr. Immelt dropped out of the running. Meg Whitman , the chief executive of Hewlett Packard Enterprise , was emerging as the likely candidate to be selected as Uber's new chief on Sunday, according to two people with knowledge of the process, who spoke on the condition of anonymity because the details were confidential. [Full Article...]


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