Economy

Crude oil futures up 0.76 pc on global cues

Crude oil futures up 0.76 pc on global cues Brent crude futures hit US$67, highest since May 2015 on Tuesday following fears of a supply glut. Pipeline outages in Libya and the North Sea have also been supporting oil prices. Global benchmark Brent Crude futures also rose, supported by ongoing supply cuts by top producers OPEC and Russian Federation as well as strong demand from China . [Full Article...]

Singapore's 2017 GDP growth fastest in three years

Singapore's 2017 GDP growth fastest in three years Singapore's economy grew by 3.1 per cent on a year-on year basis in Q4 of 2017, thanks once again to the country's robust manufacturing growth, according to Trade and Industry Ministry (MTI) advance estimates released on Tuesday (Jan 2). The government and the central bank forecast GDP growth of 1.5% to 3.5% this year. Steady growth in the export-reliant economy has raised the possibility of fi... [Full Article...]

BP Expects One-Off USD1.5 Billion Charge From US Tax Reform

The comments come after Barclays (LON:BARC) warned at the end of past year that the USA tax bill is expected to result in an associated one-off charge of about £1 billion to its profit after tax, as well as to about a 20 basis point reduction to its core capital ratio. [Full Article...]

Apple faces at least 12 different class-action lawsuits over iPhone slowdowns

Apple faces at least 12 different class-action lawsuits over iPhone slowdowns The cheaper price is more in line with third-party fix shops. But the problem is, as the batteries continue to age, their iPhones will continue to run slower and slower for owners. The Reddit experiment nudged Geekbench to do its own tests, which ended in the same conclusion: Apple was deliberately slowing down the old iPhones. [Full Article...]

Serena Williams tastes defeat on her comeback

Serena Williams tastes defeat on her comeback However, despite impressing after taking a set off the No. 7-ranked Ostapenko after almost a year away from tennis, Williams conceded she is still undecided whether she will defend her Australian Open title when the first major of the year gets underway in Melbourne on January 15. [Full Article...]

Recent Institutional Activity: Energy Transfer Equity, LP (ETE), MFA Financial, Inc. (MFA)

The hedge fund held 22.00 million shares of the public utilities company at the end of 2017Q3, valued at $382.30 million, down from 22.43 million at the end of the previous reported quarter. Seabridge Inv owns 2,010 shares or 0.01% of their United States portfolio. Stratos Wealth Ptnrs holds 38,169 shares or 0.03% of its portfolio. Shares of MFA Financial, Inc.(NYSE:MFA) have seen a movement of ... [Full Article...]

SBI cuts Base Rate by 30 bps to 8.65%

SBI cuts Base Rate by 30 bps to 8.65% SBI has also made a decision to extend the ongoing waiver on home loan processing fee till March 31 for new customers and others looking to switch their existing loans to SBI. "The MCLR was reduced earlier also as the gap between MCLR and base rate had become quite wide". The one-year MCLR of the bank stands at 7.95 per cent. [Full Article...]

Airtel ₹799 prepaid plan revised: Here's what has changed

Airtel ₹799 prepaid plan revised: Here's what has changed However, the brand has put a daily cap of 250 minutes and a weekly cap of 1000 minutes. Reliance Jio's plan also offers 3GB daily data with a validity of 84 days. Apart from this plan, Airtel also introduced two new data packs at Rs 157 and Rs 49 respectively. Back then, the plan was also valid for 28 days only. [Full Article...]

Stifel Financial Corp Sells 7380 Shares of Pfizer Inc. (PFE)

Cim Mangement invested 0.46% of its portfolio in Pfizer Inc. It has underperformed by 19.46% the S&P500. (NYSE:PFE) for 380,450 shares. The institutional investor held 26,228 shares of the home furnishings company at the end of 2017Q3, valued at $1.52M, down from 38,683 at the end of the previous reported quarter. [Full Article...]

2-hour computer outage at U.S. customs causes delays nationwide

2-hour computer outage at U.S. customs causes delays nationwide One person tweeted that Miami Airport is "total chaos" while another said the lengthy lines at JFK "are horrible". "CBP took immediate action to address the technology disruption", the agency said in a statement. CBP has not given an explanation of what caused the disruption in the system but did say it was not "malicious in nature". The disruption happened at several airports beginning at 6:3... [Full Article...]

A major Chinese economic indicator hit a four-month high for December

A major Chinese economic indicator hit a four-month high for December The Caixin/Markit manufacturing Purchasing Managers' Index for December came in at 51.5. "Interestingly, the wages component dipped in December, but at 60.2 it does point to the prospect of some pick-up in wages growth", Mr Oliver said. Despite December's poor data, businesses retained positive forecasts for output over the next 12 months as manufacturers project improvement in underlying demand... [Full Article...]

How Many Realogy Holdings Corp. (NYSE:RLGY)'s Analysts Are Bullish?

Realogy Holdings Corporation (NYSE:RLGY) had a decrease of 5.37% in short interest. TRCH's SI was 1.21 million shares in December as released by FINRA. The company has a market cap of $3,570.00, a P/E ratio of 15.87, a PEG ratio of 0.86 and a beta of 1.32. The ratio has improved, as 130 hedge funds opened new and increased positions, while 101 reduced and sold positions in Realogy Holdings Corp. [Full Article...]

2017 was safest year ever for commercial air travel, with zero deaths

2017 was safest year ever for commercial air travel, with zero deaths Those figures don't include crashes involving military transport aircraft or planes created to carry fewer than 14 passengers. It was a "remarkable" year for civil aviation safety across the world in 2017, according to a new report. ASN chief executive Harro Ranter said the accident-rate had been steadily declining since 1997, crediting the efforts of global aviation organisations and the indust... [Full Article...]

RMT to protest against rail fare hikes - by giving commuters chocolates

RMT to protest against rail fare hikes - by giving commuters chocolates Because wages have, by and large, failed to keep pace with price rises, this is an added burden on hard-pressed travellers and commuters, in particular, since they have little option other than to use the railways. The biggest percentage increase was between Tame Bridge Parkway near Walsall and Nuneaton, where the cost of a season ticket has risen 50 per cent or £968 to £2,916. [Full Article...]

WINTON GROUP Ltd Sells 4644 Shares of Duke Realty Corp (NYSE:DRE)

Rodgers Brothers Inc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $154.39B market cap company. About 70,363 shares traded or 111.23% up from the average. Pensionfund Dsm Netherlands has invested 0.14% in Kilroy Realty Corporation (NYSE:KRC). Prelude Capital Llc stated it has 0.11% of its portfolio in Kilroy Realty Corporation (NYSE:KRC). [Full Article...]

Time travel: Flight takes off in 2018, lands in 2017

Time travel: Flight takes off in 2018, lands in 2017 Flightradar said. " Flight #HA446 just took off from New Zealand in 2018 and will land in Hawaii back in 2017! ". This meant it left New Zealand at 12.05am on Jan 1, 2018, but landed in Honolulu, Hawaii, at 10.15am on Dec 31, 2017. Flightradar24, a Twitter account which tracks planes around the world, noted six aircraft departing Taipei in 2018, en route to land in the United States and Canada i... [Full Article...]

Lockheed Martin Corporation (LMT) EPS Estimated At $4.06

Redmond Asset Management Llc who had been investing in Chevron Corp New Com for a number of months, seems to be less bullish one the $237.78 billion market cap company. On Tuesday, July 18 the stock rating was maintained by Stifel Nicolaus with "Buy". The stock has "Hold" rating by HSBC on Tuesday, January 10. Employees Retirement Association Of Colorado reported 325,626 shares. [Full Article...]

JP Morgan Chase & Co (JPM) Holder Aperio Group LLC Has Lifted Stake

The Geode Capital Management Llc holds 693,963 shares with $17.10M value, up from 672,398 last quarter. Susquehanna International Group Llp who had been investing in Barnes & Noble Inc (Call) for a number of months, seems to be bullish on the $486.73 million market cap company. [Full Article...]

The Garde Capital Inc. Invests $682000 in Enterprise Products Partners LP (EPD)

The stock increased 0.02% or $0.01 during the last trading session, reaching $55.01. About 2.69M shares traded. EQT Corporation (NYSE:EQT) has declined 18.61% since January 1, 2017 and is downtrending. Deutsche Bancshares Ag invested in 911,399 shares or 0.03% of the stock. Pnc Services Grp owns 28,302 shares. The hedge fund held 275,000 shares of the oil & gas production company at the end of 201... [Full Article...]

Vident Investment Advisory LLC Takes $647000 Position in Hanesbrands Inc. (HBI)

Hanesbrands Inc. (NYSE: HBI ) has declined 23.23% since January 1, 2017 and is downtrending. It has underperformed by 39.93% the S&P500. Flinton Capital Management LLC now owns 22,596 shares of the textile maker's stock worth $523,000 after acquiring an additional 252 shares in the last quarter. [Full Article...]


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