Economy

Barclays fraud case serves justice lukewarm

Barclays fraud case serves justice lukewarm The SFO said on Tuesday that it has charged the United Kingdom bank and four individuals with conspiracy to commit fraud related to two 2008 capital raisings with Qatar Holding and Challenger Universal, as well as a $3bn loan that year from Qatar through its ministry of economy and finance. [Full Article...]

Britain says will be 'positive and constructive' in Brexit talks

Former French minister Mr Barnier has previously said the United Kingdom will have less than 18 months to negotiate and any deal must be finalised by October 2018 . An early election this month, in which British Prime Minister Theresa May lost her Conservative majority in parliament, only added to the problems. [Full Article...]

Clovis Oncology Surges on Clutch Late-Stage Ovarian Cancer Trial

The top-line data reported this morning clearly reflect the best-case outcome for CLVS highlighted in our prior report indicating that efficacy of the three leading PARP inhibitors looks very comparable and we expect shares to trade up significantly. [Full Article...]

The Analysts Set IG Group Holdings plc (IGG) PT at $650.50

It has outperformed by 9.85% the S&P500. Among 2 analysts covering DX Group Plc ( LON:DX ), 0 have Buy rating, 1 Sell and 1 Hold. CCI generally measures the current price relative to the average price level over a specific time period. The rating was maintained by BNP Paribas on Monday, August 10 with "Neutral". Morgan Stanley maintained the stock with "Underweight" rating in Thursday, August 6 ... [Full Article...]

Dollar steady after soft USA data, Fed's Dudley awaited for cues

Dollar steady after soft USA data, Fed's Dudley awaited for cues Chinese shares .CSI300 advanced 0.55 percent after data showed home prices rose 10.4 percent in May from a year ago, although slowing from April's 10.7 percent gain. The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase United States interest rates to support economic growth but the local cur... [Full Article...]

Oil prices increase amidst production cut, tensions in Middle East

Oil prices increase amidst production cut, tensions in Middle East Oil prices fell to their lowest level in a month on Wednesday after commercial crude stocks in the US increased surprisingly against market expectations. Consensus estimates were calling for a 3.1 million barrel draw this week. Qatar produces about 620,000 barrels of crude per day (bpd), making it one of the smallest producers in Opec . [Full Article...]

Greek PM renews call for lenders to tackle Greece's debt

She said the deal on Thursday was the second-best solution to a full debt deal. In essence, that could mean payments could be postponed in the event of an adverse shock. It faced more criticism Thursday when more than 2,000 elderly protesters marched through central Athens to demonstrate against further pension cuts. [Full Article...]

Verizon Communications taps former AOL head as CEO of Oath

A Verizon spokesperson told Portada that it will be providing updates on the Latin American and U.S. Hispanic strategy soon. Internet pioneer Yahoo is officially no more, as Verizon's acquisition of the U.S. As we wrote last week , there will be cuts of around 15 percent of all staff associated with the acquisition of Yahoo and merger with AOL, around areas like operations and sales a... [Full Article...]

Moody's downgrade of Australian banks won't raise funding costs

Moody's downgrade of Australian banks won't raise funding costs Moody' says it dropped its view, as Australia's credit conditions have deteriorated. It was bad timing for Australia's four largest banks, as Moody's announcement followed closely the passing of the $6 billion bank levy in Parliament on Monday night. [Full Article...]

Travel companies brace for Trump's Cuba policy announcement

The changes will make it hard for USA citizens to travel to Cuba or continue doing business there. Also not expected are any changes to US regulations governing what items Americans can bring back from Cuba, including the rum and cigars produced by state-run enterprises. [Full Article...]

Pakistan progress to sixth position in ICC Rankings after Champions Trophy success

Pakistan progress to sixth position in ICC Rankings after Champions Trophy success Whatever happened in the past has happened but he is the number one bowler in Pakistan cricket. "They were more intense and passionate today, they deserved to win". Pakistan was cruising at 0-128 in the 23 over with Azhar on 59, when he was involved in a farcical mix-up with opening partner Fakhar Zaman . Leg-spinner Shadab took a wicket with his sixth ball when Yuvraj Singh (22) was lbw, alt... [Full Article...]

Land & Buildings lays out a plan for Hudson's Bay

In other corporate news, shares in Valeant Pharmaceuticals (TSX:VRX) were up more than six per cent after the Quebec drugmaker said prominent USA investor John Paulson has joined its board of directors. TD Securities cut their target price on shares of Hudson's Bay Co from C$13.00 to C$12.00 and set a hold rating on the stock in a research report on Thursday, April 6th. [Full Article...]

Theresa May condemns 'sickening terrorist attack on Muslims'

Theresa May condemns 'sickening terrorist attack on Muslims' The alleged attacker is now in custody, and a residence in Cardiff , Wales, is being inspected by the police as possibly associated with the incident. " Hatred and evil of this kind will never succeed ", she said. The attacker, who is thought to have acted alone, struck as the area was busy with worshippers attending Ramadan night prayers at the mosque. [Full Article...]

Boeing launches new version of 737 jet

The budget carrier had in 2014 placed an order for 55 737 MAX jets with Boeing . In an Associated Press interview at the opening of the Paris Air Show, where the F-35 made its acrobatic debut, Brigadier General Select Todd Canterbury said the jet's displays are to "showcase the capability to all of our European partners and North Atlantic Treaty Organisation allies" and "to reassure them that... [Full Article...]

Blue Apron says it could be worth $3 billion

Blue Apron says it could be worth $3 billion With Amazon now casting an anticipatory huge shadow over the "Fresh food to urban yuppie home delivery" sector, Blue Apron is caught in a really gnarly Catch 22. As Amazon.com Inc. dives harder into food, Blue Apron Holdings Inc .is showing little fear in seeking a higher valuation. According to the source, approximately 1 million customers paid for Blue Apron kits in the first quarter of... [Full Article...]

'Sombre' Britain prepares for historic Brexit talks

Davis said both sides were "off to a promising start" even though the challenges ahead were daunting. "A deal like no other in history", Davis said in a statement as he headed into the talks. It also would have to accept the jurisdiction of the European Court of Justice, "or at least a joint court that is staffed by Europeans and Britons" and in principle follows the ECJ's rulings, Gabriel s... [Full Article...]

Chick-fil-A offers gluten-free bun, sandwich assembly not included

Chick-fil-A offers gluten-free bun, sandwich assembly not included It'll set you back an extra $1.15, but that's a small price to pay for a chance to eat a chicken sandwich the way God intended. "Chick-fil-A kitchens are not gluten-free". "We know our customers are looking for more gluten-sensitive alternatives". The bun can be ordered with any of Chick-fil-A's sandwich offerings, but it'll cost an additional $1.15. [Full Article...]

Chick-fil-A introduces new gluten-free bun

Chick-fil-A introduces new gluten-free bun The company said it added the new bun in response to requests from customers for more gluten-free options. Feel free to use those stats in your next mealtime argument. The bun was tested past year in three cities, where it most commonly was ordered with the Grilled Chicken Sandwich and the Grilled Chicken Deluxe Sandwich. [Full Article...]

Next Weeks Broker Price Targets For Whole Foods Market, Inc. (NASDAQ:WFM)

Next Weeks Broker Price Targets For Whole Foods Market, Inc. (NASDAQ:WFM) The counter witnessed a trading volume of 2.61 million shares versus an average volume of 0.66 million shares during last trading session. Golden Cross Alert: The 50 day MA is now above the 200 day moving average. (NASDAQ: WFM ) said that, Amazon's offer to buy Whole Foods Market for $13.7 billion could usher in a new phase of retail, with the potential for hybrid stores and an increasingly ... [Full Article...]

UPS adds new fee up to $1 for holiday-season deliveries

UPS adds new fee up to $1 for holiday-season deliveries UPS's average daily volume exceeded 30 million packages on some days during its 2016 peak holiday season, far above its normal daily average of more than 19 million packages. This may be a particularly tough deal for online retailers who promise free ground shipping. The company has already been charging extra to retailers who exceed their forecasts for volume during the holiday period, which ... [Full Article...]


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