Economy

Tesco plots to take on budget rivals with new chain of stores

Tesco plots to take on budget rivals with new chain of stores Which? said customers gave Waitrose a two-star rating for its value for money, in contrast to Aldi's five. Waitrose's spacious store layouts and helpful staff made it the victor for in-store experience, but it wasn't enough to fight off Marks & Spencer and Lidl in second and third respectively. [Full Article...]

Barclays Bank charged over $3bn financial crisis deal

Barclays Bank charged over $3bn financial crisis deal The Serious Fraud Office has charged Barclays Bank PLC with "unlawful financial assistance" related to billions of pounds raised from Qatar in 2008. Under the Companies Act 1985, it is unlawful for a bank to lend itself money - the legal term for which is financial assistance. Two former top executives also face a charge of unlawful financial assistance. [Full Article...]

India launches probe after mid-air collision averted near Mumbai

India launches probe after mid-air collision averted near Mumbai The report came on a day a Russian passenger plane carrying 71 people crashed near Moscow. The incident took place on February 7 when an aircraft of private passenger airline Vistara came dangerously close, nearly 100 feet, to a plane of India's national carrier Air India in Mumbai's airspace. [Full Article...]

ONGC-led group gets stake in ADNOC offshore oil concession

ONGC-led group gets stake in ADNOC offshore oil concession The contract signing in Abu Dhabi was attended by Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed al-Nahyan and Indian Prime Minister Narendra Modi . Shri Shashi Shanker, CMD, ONGC Group of Companies stated "This agreement with ADNOC Group will bring a plethora of opportunities in the times to come". [Full Article...]

Stephens Inc. AR Reduces Stake in Valero Energy Co. (VLO)

Valero Energy announced that its board has approved a share buyback plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. 61,334 are held by Cbre Clarion Secs Ltd Liability Company. Quantum accumulated 0.18% or 14,474 shares. Raymond James Advisors Incorporated has 41,353 shares for 0.01% of their portfolio. [Full Article...]

Hess Midstream Partners (HESM) Lowered to Sell at Zacks Investment Research

Analysts expect Vical Incorporated ( NASDAQ :VICL) to report $-0.20 EPS on March, 8.They anticipate $0.05 EPS change or 20.00% from last quarter's $-0.25 EPS. Among 13 analysts covering Enable Midstream Partners (NYSE:ENBL), 7 have Buy rating , 2 Sell and 4 Hold. Hologic had 53 analyst reports since July 24, 2015 according to SRatingsIntel. [Full Article...]

SpaceX Successfully Launches Falcon Heavy Rocket

SpaceX Successfully Launches Falcon Heavy Rocket The rocket is the most powerful rocket in the world and is carrying a Tesla Roadster into orbit. On a conference call with reporters Monday afternoon, Musk said the vehicle - along with a dummy named Starman who is shown on Musk's Instagram sitting in the driver's seat while wearing a spacesuit - will do a "grand tour" through the Van Allen belts, an area of high radiation that surrounds the Ear... [Full Article...]

Coalition to face more questions over Barnaby Joyce affair

Coalition to face more questions over Barnaby Joyce affair Questions are now being asked about Ms Campion's employment during her time with the federal Nationals, after the media advisor a year ago moved from Mr Joyce's office to the office of minister Matt Canavan and later to the office of Nationals whip Damian Drum. [Full Article...]

Royal Commissioner says he'll investigate the banks' slow responses to his questions

Royal Commissioner says he'll investigate the banks' slow responses to his questions However, some banks had objected to the deadline, saying they could not meet it and demonstrated "an inability to provide five years of information", Commissioner Hayne said. Senior counsel assisting the commissioner Rowena Orr QC said 84 per cent of public submissions received so far related to financial institution misconduct that fell below community expectations. [Full Article...]

Traders Buy High Volume of California Resources Put Options (CRC)

Insiders have acquired 26,000 shares of company stock worth $449,800 in the last 90 days. It has underperformed by 23.16% the S&P500. Schaller Investment Group Inc increased Range Res Corp (RRC) stake by 86.87% reported in 2017Q3 SEC filing. [Full Article...]

Bed Bath & Beyond (BBBY) Rating Lowered to Underweight at JPMorgan Chase & Co

About 1.56 million shares traded. It has outperformed by 20.12% the S&P500. The relative volume of the stock is 0.86 while its market cap is $3.08 billion. Bed Bath & Beyond Inc. earnings have risen with an annualized rate of 2.4% over the last 5 years. (NASDAQ: BBBY ) for 7.53M shares. Commonwealth Of Pennsylvania School Empls Retrmt owns 21,024 shares for 0.01% of their portfolio. [Full Article...]

Hot Flames look to keep Rangers cold

Hot Flames look to keep Rangers cold Calgary tied the game with 1:45 remaining in the period when Kulak joined the rush, took a pass from Micheal Ferland and fired a slap shot inside the left post. Vigneault said he still believes his squad can make the playoffs - though the roster he will be working with remains to be determined. "You can be sure I'd be coming ready, coming out and working hard", he said. [Full Article...]

Canada Beat Russian Athletes 5-0 in 2018 Winter Olympics Hockey Opener

Canada Beat Russian Athletes 5-0 in 2018 Winter Olympics Hockey Opener According to the decision of the International Olympic Committee , Russian athletes compete at the 2018 Winter Olympics as "Olympic Athletes from Russia" under the Olympic flag. Medvedeva and Lipnitskaya share the same coach - Eteri Tutberidze - but Medvedeva has a consistency that Lipnitskaya never quite achieved. She demonstrated near-flawless skating in both short and free programs in Moscow... [Full Article...]

Domino's Pizza (DPZ) Price Target Increased to $240.00 by Analysts at Barclays

KGAA (NYSE:FMS) has risen 11.17% since February 9, 2017 and is uptrending. It has outperformed by 45.36% the S&P500. Arete Wealth Advisors Llc increased its stake in Apple Inc (AAPL) by 19.96% based on its latest 2017Q3 regulatory filing with the SEC. [Full Article...]

JB Hi-Fi sales and revenue lift

JB Hi-Fi sales and revenue lift JB Hi-Fi has increased its interim dividend by 19.4 per cent to 86 cents per share, fully franked. That's a rise of 37 per cent or $41 million from the same time previous year. On these results, JB's Australian segment is continuing to perform strongly, though the same can't be said of The Good Guys and the New Zealand business. [Full Article...]

India's bourses to stop licensing index, stock prices

India's bourses to stop licensing index, stock prices The SGX Nifty tracks the NSE's main index of its top 50 shares, the Nifty 50 index. The exchange said on Sunday that it will develop and launch new India-access risk products. It is well suited for benchmarking, index funds and index-based derivatives. While derivative contracts based on Nifty are traded on SGX, Sensex-based contracts are available for trading on Dubai Gold and Commodities Excha... [Full Article...]

Valuation Review and Technical Analysis of Avon Products (AVP)

The stock increased 0.18% or $0.06 during the last trading session, reaching $33.92. DA Davidson restated a "buy" rating and issued a $2.00 price objective on shares of Avon Products in a research note on Monday, November 20th. However, its trading capacity stayed around 3.49 million shares in normal days. Louisiana State Employees Retirement holds 117,500 shares or 0.01% of its portfolio. [Full Article...]

United States shares snap increased a day after coming into a 'correction'

United States shares snap increased a day after coming into a 'correction' Interestingly, Monday's fallout doesn't compare to the punishing losses of Black Monday in 1987, where the Dow fell 508 points, losing a massive 22.6 percent of its value in a single day. Technology companies, the leading sector over the past year, and banks fell the most. Facebook and Boeing have both fallen sharply. The prospect of ballooning deficits also stoked jitters among investors this w... [Full Article...]

Coast residents lose power in freak storm

Coast residents lose power in freak storm They are forecast to affect Imbil, Kandanga and Amamoor by 6:05 pm and Ipswich, Beenleigh and Logan City by 6:35 pm. "[These winds] are considered damaging wind gusts". Energex confirmed the storm caused massive damage to the network with 500 power lines down, and it will be some time before the power is reconnected. [Full Article...]

Would-be foreign minister quits in setback for Merkel

Would-be foreign minister quits in setback for Merkel Merkel was weakened in a September election that saw her conservative bloc bleed support to a far-right party thrust into parliament for the first time by voters angry at her decision in 2015 to welcome more than a million immigrants. The coalition agreement has been criticised by some conservatives who feel the next government will have an SPD-stamped agenda. But it is unclear whether the party... [Full Article...]


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