Finance

by | February 06, 2018 | 21:33

Futures fell 2 per cent in NY yesterday. The S&P 500 energy index fell 4.4 per cent yesterday, led by Chesapeake Energy Corp and Hess Corp, which slid 7.2 per cent and 6.9 per cent, respectively. Data from the United States government last week showed that output climbed above 10 million barrels per day in November for the first time since 1970, as shale drillers expanded operations after gains in oil prices a year ago.

by | February 06, 2018 | 21:07

It is also renegotiating the North American Free Trade Agreement with Mexico and Canada. The huge deficit in the fourth quarter of 2017 prevented the US from reaching the 3.0 percent economic growth in the third quarter, a feat last seen in 2005.

by | February 06, 2018 | 19:06

Stagecoach owns 90 per cent of the Virgin Trains East Coast joint venture, with Virgin the remaining 10 per cent. Mr Grayling has promised that whatever happens it will not adversely affect passengers who use the route saying, "the business will continue to operate as usual with no impact on services or staff on the East Coast".

by | February 06, 2018 | 18:37

Interestingly, as per reports, Indians continue to dominate the top spot with 12.1 million passengers arriving at Dubai airport previous year, which was up to 5.4 percent on 2016. The two state-owned Chinese carriers will each be allowed to capture 40 per cent of the airport's passengers, gaining coveted time slots to Europe and the U.S.

by | February 06, 2018 | 18:30

Shares are tumbling in Asia after a wild day for US markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years. US crude hit a low of about $26 a barrel in February of that year. Stocks began the new year ripping higher. Prior to the day's drop , the S&P 500 had gone more than a year without a 5% drop , a stretch of quiet that was unprecedented in its length.

by | February 06, 2018 | 18:15

Plank isn't alone in doubting the likelihood of an interest rate rise in the near term. However, after the announcement, that implied probability had fallen closer to 30%, suggesting that the broader market has also become less optimistic in its outlook for Australian interest rates.

by | February 06, 2018 | 16:59

The UK was ranked in the top ten most congested countries in the world and the third most congested in Europe behind Russian Federation and Turkey. Motorists in Birmingham spent over 9% of their total drive time in congestion a year ago, costing the city £632 million.

by | February 06, 2018 | 16:58

Now, I pay my monthly Spotify subscription, so I don't have to worry about buying music. Digital music sales overtook physical format sales in 2015, and that trend is likely to continue. Target's deadline for these changes is either April or May, and music companies are on the fence about whether they're going to go along with the arrangement or not.

by | February 06, 2018 | 16:57

The New York-based Shikiar Asset Management Inc has invested 2.66% in the stock. The institutional investor held 11.20 million shares of the agricultural chemicals company at the end of 2017Q3, valued at $215.62M, down from 11.98M at the end of the previous reported quarter.

by | February 06, 2018 | 16:40

Stating that the ruling Naga People's Front ( NPF ) and the BJP will not come together again as the latter has already forged an alliance with the newly formed Nationalist Democratic People's Party (NDPP), Therie predicted that with most of the NPF followers shifting base to NDPP, it will be hard even for the mighty NPF to cross the magic number and since the three parties are in conflict, it will be hard for them to patch up after the elections.

by | February 06, 2018 | 16:28

Bears, including short sellers that bet on the market decline, say that the market is over-stretched in the context of rising bond yields as central banks withdraw their easy money policies of recent years. "Bund yields are fairly close to 0.80 percent. a key factor in the market". Such purchases increased faster in the second half of a year ago than in any six-month period since 2014.

by | February 06, 2018 | 16:25

The two-day slump has wiped out the stock market's gains so far this year. Financial analysts have been predicting the market would adjust for some time, saying that declines of 10 percent or more are common during bull markets. One firm pointed out that the market has actually performed well when interest rates are rising. The Fed is expected to react to survey data published last week showing that average U.S.

by | February 06, 2018 | 16:14

At its meeting today, the Board chose to leave the cash rate unchanged at 1.50 per cent. But Lawless predicted the RBA's next move would be upwards. Independent property market economist Dr Andrew Wilson agreed, noting that a reduction in housing market activity would have also influenced the central bank's decision to keep the cash rate on hold.

by | February 06, 2018 | 16:02

The results of the Equifax-commissioned study reveal that many parents are concerned about how much time their children spend online, so much so that one in five confiscate smartphones and tablets at bedtime to limit the time their children can spend online.

by | February 06, 2018 | 15:21

The UK and European Union agreed last December that regardless of what happens in the latter stages of Brexit negotiations, there will be no hard Border between Ireland and Northern Ireland. He added: " I think the Government is in a state of open disagreement, the Prime Minister has been immobilised. "That is the deal we are looking for", she said.

by | February 06, 2018 | 15:18

The African forward restored Liverpool FC's lead in the 91st minute when Salah managed to evade three Tottenham defenders before he lifted his finish over the Spurs goalkeeper. "It was a roller coaster of emotions". I've got the team down and get another one (penalty) and now I've got to step up again. "I thought it was a dive - that is my opinion and the referee thought it was no offside and no dive and he gave a pen".

by | February 06, 2018 | 15:06

Several dozen retailers have filed for reorganization over the past year as shoppers abandon traditional stores- including Toys R Us , Payless and Gymboree . "Bon-Ton has no plans to close additional stores at this time". "They are undifferentiated, unclear and have become increasingly irrelevant to consumers".

by | February 06, 2018 | 14:44

Murphy's executive order - similar to ones signed by the governors of NY and Montana - requires that all internet contracts awarded or renewed after July 1, 2018, between internet service providers (ISPs) and any state entities stick to the "net neutrality" principles.

by | February 06, 2018 | 14:32

Bitcoin is still significantly higher on the year but down sharply since it recorded an all-time high of $19,783.21 in December. Rival coins also retreated on Monday, with Ripple losing as much as 14 per cent and Ethereum and Litecoin also weaker.

by | February 06, 2018 | 14:28

The Mumbai-based manufacturer reported an nearly 13-fold increase in quarterly profits year-on-year owing to strong JLR sales in China and a particularly low earnings report 12 months ago due to the effect of a shock Indian banknote ban. Revenue increased 4.3% to 6.31 billion pounds. Mumbai: Tata Motors on Monday disappointed the Street when its third-quarter net profit missed analysts' estimates because of a tepid show by subsidiary Jaguar Land Rover (JLR).

by | February 06, 2018 | 14:15

The aptly named show vehicle replaces its fickle summer tires for snow-ready skis up front and tracks out back. The suspension was modified at both ends, custom mountings and spacers were made for the back and adapters for the skis were created for the front, brake lines had to be rerouted, and the exhaust system was modified.

by | February 06, 2018 | 13:20

High Court judges blocked his extradition but added it would "not be oppressive" to "prosecute Mr Love in England for the offences" - meaning he could still be tried here. "But they, with the other factors which we consider should have told against extradition, outweigh those factors favouring extradition sufficiently clearly to persuade us that the judge was wrong on this question".

by | February 05, 2018 | 19:53

by | February 05, 2018 | 18:50

The shares were sold at an average price of $68.00, for a total transaction of $335,512.00. Finally, Afam Capital Inc. grew its position in Alaska Air Group by 1.4% during the 2nd quarter. The firm has "Market Perform" rating by Cowen & Co given on Thursday, February 9. Buckingham Research maintained the stock with "Buy" rating in Thursday, October 26 report.

by | February 05, 2018 | 15:12

Earnings were up despite the airline facing a turbulent period when it cancelled thousands of flights due to a pilot shortage and averted Christmas strikes with the last-minute recognition of unions. It said cost pressures would rise, including higher fuel bills and a further €100m in staff costs thanks to a pay rise of 20% for its pilots. Total operating revenues from continuing operations grew 4 percent to 1.41 billion euros from 1.35 billion euros a year ago.