Economy

Oil Prices Dropped as Oversupply Concerns Return

West Texas Intermediate, the USA benchmark, fell to $46.47, its lowest level since at least November. Futures have collapsed 11 percent this week, slumping to the lowest since November 15 - two weeks before the Organization of Petroleum Exporting Countries agreed to production curbs to boost prices and ease a global glut. [Full Article...]

EV Energy Partners LP (EVEP)

EV Energy Partners LP (EVEP) The stock increased 6.20% or $0.24 on May 10, reaching $4.11. About 882,435 shares traded. The stock is now trading -5.82% below its SMA 50 and -12.32% below its SMA 200. As per Thursday, September 10, the company rating was initiated by BMO Capital Markets. 03/21/2016 - EV Energy Partners, L.P. had its "neutral" rating reiterated by analysts at Citigroup. [Full Article...]

Coach to buy rival handbag maker Kate Spade for $2.4 bn

Coach to buy rival handbag maker Kate Spade for $2.4 bn Rumors that Kate Spade was up for grabs first surfaced in November 2016, when a hedge fund declared the company "undervalued" on the stock market and a relative bargain. "[It's] buying a status". Unlike Coach and Michael Kors, which have been known for their loud logos and were slow to adapt to this small logo trend, Kate Spade bags include a tiny stamp with its brand name. [Full Article...]

Yes Bank under-reported NPAs by over Rs 4000 crore in FY16

The bank posted a profit of Rs21.62 crore in the year-ago period. For the entire 2016-17, the kolkata-headquartered bank trimmed its net loss to Rs 1,850.67 crore as against Rs 2,788.25 crore earlier, showed its balancesheet. On April 18, to ensure greater transparency and promote better discipline with respect to regulatory compliance, the RBI has asked banks to make suitable disclosures wherev... [Full Article...]

Arvind Q4 FY17 revenue up by 10% at Rs 2465 crore

The company reported a fourth-quarter net profit of 3.38 billion rupees ($52.56 million) earlier in the day, missing analysts' consensus forecast of 4.27 billion rupees, according to Thomson Reuters I/B/E/S. U.S. business is likely to decline 17% YoY to Rs 1560 crore, while Russian Federation and CIS region sales are expected to decline in single-digits due to currency devaluation. [Full Article...]

Did Donald Trump just write his own articles of impeachment?

Did Donald Trump just write his own articles of impeachment? He also said he would refrain from discussing the investigation with the White House, pledged to report to the committee any efforts to interfere in it and said the dismissal of the director would do nothing to impede the probe. At the center of the scrutiny is whether Rosenstein was instructed to draft a memo justifying Comey's dismissal or whether he chose to write the document without direction... [Full Article...]

Interserve plc 1.6% Potential Decrease Indicated by Liberum Capital

It is down 10.28% since October 4, 2016 and is downtrending. It has outperformed by 3.10% the S&P500. The stock decreased 4.17% or GBX 6.25 on May 11, reaching GBX 143.75. The Europe segment includes Turkey and Russian Federation. Among 25 analysts covering Compass Group PLC (LON:CPG), 9 have Buy rating, 2 Sell and 14 Hold. [Full Article...]

Will Ferrell gives funny USC commencement talk

Will Ferrell gives funny USC commencement talk And now, Will Ferrell says, with an honorary doctorate degree in hand he's ready to deliver a baby on an airliner, adding that he hopes it's United Airlines. Trust your gut. Keep throwing darts at the dartboard. "Imagine me - literally picture my face - signing this song gently into your ear". I am still afraid. [Full Article...]

Labour's policies 'more popular with voters than Jeremy Corbyn'

Labour's policies 'more popular with voters than Jeremy Corbyn' The two were snapped holding hands when the Prime Minister visited the USA earlier this year. "And pandering to an erratic Trump administration will not deliver stability", he will say. In what look set to be the most bitterly personal exchanges of the General Election to date, the two leaders will trade blows in rival speeches as the campaign turns nasty. [Full Article...]

PM's company tax cut cost rises from $50b to $65.4b

PM's company tax cut cost rises from $50b to $65.4b Elsewhere, several crossbench senators have joined calls for an investigation into how the budget's controversial bank levy was leaked to the media, leading to a $14 billion wipeout of bank shares. Mr Morrison said there was no reason bank customers should have to bear the brunt of the tax, noting "this isn't a levy on their deposits, it's not a levy on their mortgages", and banks will have to be ... [Full Article...]

How major US stock market indexes fared on Friday

How major US stock market indexes fared on Friday Concern over risky assets like equities has dominated trading this week and sent investors to assets like gold and the Japanese yen after President Donald Trump unexpectedly fired his Federal Bureau of Investigation chief, the potential fallout of which could delay any positive reaction to Mr Trump's pro-growth policy. [Full Article...]

US, South plotting to kill Kim Jong

US, South plotting to kill Kim Jong In a news conference in Pyongyang, a man identified as Jon Yong Chol said he was paid by South Korean agents to blow up a Kim Il Sung monument using a remote-controlled bomb. Scott Snyder, a senior expert on Korea at the Council on Foreign Relations, made the point in an article on the think tank's website, noting that many Chinese and American experts expect there would be limits in China press... [Full Article...]

Indian Film About Women's Professional Wrestling Tops Chinese Box Office

Indian Film About Women's Professional Wrestling Tops Chinese Box Office Not only that, many Chinese movies distribution companies are entering into agreements with their Indian counterparts to market these movies, generating revenue and jobs on both sides of the border and enhancing people-to-people contacts. The movie is likely to cross Rs. 1000 crore mark at the worldwide box office as it has received excellent response across China. Baahubali: The Beginning , S.... [Full Article...]

Trump to Order Commission on Fraudulent Voting in Elections

Trump to Order Commission on Fraudulent Voting in Elections Kobach's appointment to the co-chair the commission will certainly be controversial. Secretary Kobach, Vice-Chair of the Commission added: "As the chief election officer of a state, ensuring the integrity of elections is my number one responsibility". [Full Article...]

Big Banks Get Federal Budget Bashing

Big Banks Get Federal Budget Bashing And he spoke at length about his brother-in-law, Garry Warren, who has multiple sclerosis, and his wife Michelle Warren, during the speech, as he outlined why the government had chose to raise the Medicare levy to fund the National Disability Insurance Scheme. [Full Article...]

Micron Technology, Inc. (NASDAQ:MU) & Whiting Petroleum Corp (NYSE

BMO Capital Markets reissued a hold rating and issued a $15.00 target price on shares of Whiting Petroleum Corp in a report on Wednesday, January 11th. The Firm offers enterprise application software. The Company's divisions include the Probe Cards segment and Systems segment. It closed at $13.75 lastly. [Full Article...]

Mishra begins fast, seeks AAP leaders' foreign trip details

Mishra begins fast, seeks AAP leaders' foreign trip details Tiwari also accused the AAP-led Delhi government of betraying the people of Delhi who voted for a corruption free government. Rebel AAP legislator Kapil Mishra, who started a hunger strike on Wednesday, was attacked by a youth claiming to be a party activist. [Full Article...]

Pakistan PM travels to China to attend Belt and Road Forum

I am proud to be among the many heads of government and state and other world leaders gathering in Beijing for the Silk Road's present-day successor - President Xi's visionary "One Belt, One Road" initiative. While China has portrayed the New Silk Road as a genuine effort to share the bounty of China's economic development and to fund infrastructure gaps, many Western countries are concerned about... [Full Article...]

Cheika's Wallabies will take nothing for granted in Japan

New Zealand, now top of the global rankings, may be expected to win Group B where they are placed with South Africa and Italy. The tournament will mark the ninth edition of the Rugby World Cup and will feature 20 nations in matches played from September 20-November 2. [Full Article...]

British central bank: consumers squeezed by inflation

British central bank: consumers squeezed by inflation It trimmed its forecast for growth this year to 1.9 percent from two percent, but nudged up forecasts for 2018 and 2019 to 1.7 percent and 1.8 percent. The Governor of the BOE says that his organization has not modeled a disorderly Brexit. The MPC kept its benchmark interest rate at a record-low 0.25 percent, though Kristin Forbes dissented again, voting for an immediate increase. [Full Article...]


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