Economy

Worldpay soars as bidders circle Buxton stock

Worldpay soars as bidders circle Buxton stock The bid approaches show how automated payments specialists have become attractive targets for credit card companies, banks and technology firms seeking to capitalise on the growth in popularity of paying by smartphone or other mobile devices. [Full Article...]

Samsung to invest $19 billion in chip, display plants in South Korea

According to Samsung, the 37 trillion won investments in both semiconductor and display businesses is expected to create 440,000 new jobs directly and indirectly until 2021. Samsung Electronics will expand its fab in Xi'an, China, which has been running at full capacity after construction was complete in 2014. In China, some South Korean firms have suffered from sales decline or have been forced... [Full Article...]

Sainsbury's Posts 2.3% Increase In Like-For-Like Sales In Q1

Sainsbury's Posts 2.3% Increase In Like-For-Like Sales In Q1 Sainsbury's announced in a statement this morning that its retail like-for-like sales, excluding fuel, had climbed 2.3 percent in the 16 weeks to July 1. It added there was disruption from the closure of 78 Argos concessions in Homebase and 84 Habitat in Homebase concessions over the past year. The food sales rebound comes as a welcome boost to Sainsbury's , which warned in May over pressures ... [Full Article...]

Du Plessis out of Lord's Test

Du Plessis out of Lord's Test Du Plessis flew home from England after the Champions Trophy campaign to be with his wife for the birth of their first child, which arrived on June 29. South Africa are already without former captain seamer Dale Steyn due to a shoulder injury and former captain AB de Villiers , who is taking a break from Test cricket. [Full Article...]

RBA announces interest rate decision: July 2017

RBA announces interest rate decision: July 2017 The Aussie dollar dropped more than half a US cent to 76.18 cents at 4:45 p.m. after the RBA failed to adopt a hawkish stance. Increasing worldwide demand may mean greater strength in commodity prices that underpin Australian exports. Lowe did show some optimism: business conditions have improved and capacity utilization has increased; and business investment has picked up in areas of Australi... [Full Article...]

Nasdaq glitch sees wild stock price fluctuations

Nasdaq glitch sees wild stock price fluctuations Shares in companies such as Amazon , Alphabet, Apple , eBay, and Microsoft were all listed with a price of either US$123.47 or US$12.45 today. "UTP is asking all third parties to revert to Nasdaq Official Closing Prices effective at 5:16 PM". [Full Article...]

Bankrate, Inc. (RATE) Saw a New 52-Week High

Bankrate, Inc. (RATE) Saw a New 52-Week High The bank reported $0.13 EPS for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.02. Revenues in the first quarter of 2017 were US$118.7mln with a net loss of US$5.2mln. Finally, Teachers Advisors LLC raised its position in shares of Bankrate by 932.7% in the fourth quarter. Parametric Portfolio Associates LLC now owns 74,023 shares of the bank's stock worth $714,000 after buy... [Full Article...]

Here's how analysts see Vp plc (LON:VP) after this past week

Here's how analysts see Vp plc (LON:VP) after this past week It has underperformed by 1.72% the S&P500. Hunting plc ( LON HTG ) traded up 0.72% during mid-day trading on Friday, hitting GBX 491.30. On Friday, February 3 the stock rating was maintained by Scotia Capital with "Outperform". They expect $0.35 EPS, up 12.90% or $0.04 from last year's $0.31 per share. Choate Invest reported 0% of its portfolio in Abbott Laboratories (NYSE:ABT). [Full Article...]

Former Barclays executives released on bail in fraud case

Former Barclays executives released on bail in fraud case Kalaris ran the wealth management arm of Barclays. However, she added Kalaris, a dual U.S. and British citizen residing in London and Jenkins , a British citizen living in California , would required to post £500,000 security for bail within seven days. [Full Article...]

Everton confirm fourth summer signing

Everton confirm fourth summer signing Sandro, who signed for Malaga in at the start of last season after being let go by Barcelona , has signed a five-year deal with the Toffees and will reportedly wear the number nine shirt for the coming season, as reported by the Express. [Full Article...]

Bank of America Boosts Rating On Cabot Oil & Gas Corporation (COG)

It has underperformed by 15.45% the S&P500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. BMO Capital Markets restated a "buy" rating and issued a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Thursday. [Full Article...]

Maitama Sule: Kano declares Tuesday public holiday

Maitama Sule: Kano declares Tuesday public holiday Sule who was born in the north central, Kano State, died in a Cairo hospital on Monday morning, local media portals reported. In 1983, Maitama-Sule became the Minister for National Guidance, a position that accorded him more national and global recognition. [Full Article...]

Sensex salutes GST with 300-pt leap, Nifty zooms

Sensex salutes GST with 300-pt leap, Nifty zooms According to market observers, stocks of FMCG major ITC rose after additional excise duty on cigarettes was removed under the GST regime. At 1 p.m., the wider Nifty of the National Stock Exchange (NSE) traded at 9,604.60 points - up 83.70 points or 0.88 per cent. [Full Article...]

Eugene Kaspersky Offers To Disclose Company Source Code To US Government

Eugene Kaspersky Offers To Disclose Company Source Code To US Government Kaspersky Lab has been the subject of lawmaker skepticism in recent months due to its suspected relationship with the Russian government. Despite there being no firm evidence of the accusations, last week a United States defence committee proposed that Kaspersky Lab be banned from all future military contracts. [Full Article...]

Japanese PM Headed for Crushing Defeat in Tokyo Polls

Japanese PM Headed for Crushing Defeat in Tokyo Polls A former TV newscaster, Koike became Tokyo's first female leader last summer and drew attention for repeatedly clashing with the male-dominated city government. Potentially more troublesome is the impression among many voters that Abe and his inner circle have grown arrogant . It also indicates according to analysts, a decline in Prime Minister Abe's approval rating in the wake of the favoritism ... [Full Article...]

Drop in United States drilling activity causes oil price rise

Drop in United States drilling activity causes oil price rise Even the extension of cuts from Opec , Russia and other oil-producing nations has failed to calm nerves and statistical evidence suggests it has done little to reduce actual oil exports. Data this week, meanwhile, showed US crude oil production declined about 100,000 barrels per day for the biggest decline so far this year. "This creates risks that the normalisation in inventories will not be ac... [Full Article...]

Cop shifted over fine on BJP leader

Cop shifted over fine on BJP leader The local leaders had linked it with their pride and pressed the high command to initiate action against Thakur. Shrestha Thakur, of course, had the best response to it all: she took to Facebook to announce that she'd been transferred , and that she was still happy (meaning they couldn't get her down). [Full Article...]

China opens up $10 trillion bond market in liberalization step

China opens up $10 trillion bond market in liberalization step For now, the connect works only for foreigners; Chinese investors can't use the trading link to buy bonds in Hong Kong and it isn't clear when they will be able to do so. We will closely monitor the operation of Bond Connect once it has started, and explore the southbound trading in due course. HSBC said it is one of the underwriters. [Full Article...]

Drone prompts runway closure at London's Gatwick Airport

Drone prompts runway closure at London's Gatwick Airport While most flights were put in a holding circle some were diverted with one to Bournemouth and another to Stansted. The British Airline Pilots' Association (BALPA) is calling for compulsory registration of drone users to allow police to track down people flying them irresponsibly. [Full Article...]

First production Tesla Model 3 expected Friday, Elon Musk says

First production Tesla Model 3 expected Friday, Elon Musk says Tesla Model 3 arriving soon! In a series of Tweets , founder and CEO Elon Musk said the Model 3 has passed all regulatory requirements two weeks ahead of schedule and it is "expecting to complete SN1 on Friday", a reference to what could be the first model off the production line. [Full Article...]


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