Markets

USA regulator seeks to fine Pakistan's HBL up to $630 million

USA regulator seeks to fine Pakistan's HBL up to $630 million Habib Bank Ltd (HBL) is likely to face civil monetary penalty of up to Rs67 billion as the United States financial regulator has issued the bank notices for its operation in NY. The State Bank of Pakistan issued a statement late Monday saying it was aware of the situation and that there were no immediate risks to HBL's operations and Pakistan's banking industry. [Full Article...]

Astrazeneca PLC (NYSE:AZN) Traded -5.5% Below Its 50 Day Moving Average

Astrazeneca PLC (NYSE:AZN) Traded -5.5% Below Its 50 Day Moving Average In addition to Deutsche Bank reporting its target price, a total of 29 firms have reported on the stock. Finally, Westport Asset Management Inc. bought a new stake in Astrazeneca PLC during the second quarter valued at $170,000. The business's revenue was down 9.9% compared to the same quarter previous year. Next quarter's EPS is estimated at $0.44 and the next full year EPS is projected to be $1.... [Full Article...]

Hurricane Harvey causes gas prices to soar in Regina

Hurricane Harvey causes gas prices to soar in Regina Texas is home to 5.6 million barrels per day (bpd) of refining capacity, and Louisiana has 3.3 million bpd. Nationally, regular unleaded gasoline averaged $2.36 a gallon Sunday, up from $2.35 Saturday and $2.33 a week ago. Gulf Coast; their shutdown cuts out almost a quarter of all coastline production. It said however that "refiners have not reported any damage so far". [Full Article...]

Darling International Inc (NYSE:DAR): Positive Stock Sentiment

Shufro Rose & Co Ltd invested in 108,749 shares or 0.16% of the stock. Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) has declined 41.90% since August 28, 2016 and is downtrending. Since an alpha above 1 hints at more gains, investors can predict some further rally scope. Its up 0.23, from 1.57 in 2016Q3. Sold All: 22 Reduced: 90 Increased: 83 New Position: 45. [Full Article...]

State Agencies Initiate Incident Command to Address Atlantic Salmon Net Pen Escape

State Agencies Initiate Incident Command to Address Atlantic Salmon Net Pen Escape A concern for the Lummi and state officials is the potential impact on local fish populations, through competition, predation or disease transfer. The company, based in Canada, must correct its failure at Cypress Island before the lease for the failed operation may be considered for renewal, said Cori Simmons, head of communications for DNR. [Full Article...]

Oil markets hit by Storm Harvey; US dollar slips

Oil markets hit by Storm Harvey; US dollar slips Over at CNBC , Suzanne Minter , director of energy solutions for S&P Global Platts , and Helima Croft , global head of commodity strategy for RBC Capital Markets , attempted a big picture assessment in discussing the impact of Hurricane Harvey on the USA oil market: the former said that although "we think there are 2.5 million barrels per day now offline" due to major refineries shut do... [Full Article...]

Mayor signs new anti-tobacco legislation

Mayor signs new anti-tobacco legislation Pharmacies - including local shops as well as ubiquitous city chains like Duane Reade - will have to pull cigarettes off the shelf as the city bans the sale of smokes there. The mayor's office hopes to reduce the number of smokers in the city by 160,000 in the next three years. Each community district will be capped at 50 percent of the current number. [Full Article...]

Arsenal players slammed as 'cowards' after Liverpool capitulation

Arsenal players slammed as 'cowards' after Liverpool capitulation When Premier League heavyweights like Arsenal and Liverpool meet, fireworks are likely to ensue since their matches turn out to be colossal entertainers. Former Liverpool defender Jamie Carragher again brands Arsenal's players "cowards" following the team's 4-0 defeat at Anfield . 'Of course it gives us confidence and now we go into the [break] and everybody's happy. [Full Article...]

Trump Adviser Says He Nearly Quit over President's Remarks

Trump Adviser Says He Nearly Quit over President's Remarks Mr. Cohn was present alongside Donald Trump on the 16th of August in front of the elevators the golden Trump Tower when the latter had provoked a wave of indignation by claiming that the responsibility for the violence that has shaken the Charlottesville area had to be sought "both sides" and that there were "very good people" on both sides. [Full Article...]

Featured Stock Overview: Freeport-McMoRan Inc. (FCX)

Featured Stock Overview: Freeport-McMoRan Inc. (FCX) It has underperformed by 46.32% the S&P500. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. [Full Article...]

Gas prices in MA up 2 cents this week

Gas prices in MA up 2 cents this week It appears that the refineries in Houston survived with minimal or no damage done at all. The outages in America's energy hub will significantly curtail the supply of gasoline. Gas prices in MA are up two cents from last week, and AAA says prices could jump this week as the Gulf of Mexico region continues to be battered by Tropical Storm Harvey and Labor Day approaches. [Full Article...]

How much damage will Harvey cause?

How much damage will Harvey cause? One of the key reasons the cost of the storm damage is hard to predict: Experts are still waiting to see what kind of flood damage Harvey wreaks, said Pete Dailey, a vice president at the catastrophe modeling company RMS. There are plenty of other factors to consider, including damage to transportation and electrical power and the storm's effects on the workforce and the region's energy sector - a... [Full Article...]

President Trump to visit Texas on Tuesday

President Trump to visit Texas on Tuesday Harvey came ashore Friday night as a Category 4 hurricane , but has since been downgraded to a tropical storm . ABC News meteorologists are forecasting historic rainfall totals up to 50 inches. Bands of rain continue to pound the Houston area Saturday as the outer rings of Harvey moved inland from the coast. In 2001, Tropical Storm Allison hit the city of Houston . [Full Article...]

Infosys promoters to participate in share buyback

Infosys promoters to participate in share buyback It is probably hard for people like Narayana Murthy and Nilekani to leave businesses that they have founded and which have become so well-known; neither would be the first to try and return to such a business, with the driving factor being relevance deprivation syndrome. [Full Article...]

Boardwalk Pipeline Partners LP (NYSE:BWP) Under Analyst Spotlight

Boardwalk Pipeline Partners LP (NYSE:BWP) Under Analyst Spotlight Therefore 33% are positive. A total of 9 analysts have released a report on Boardwalk Pipeline Partners, LP. Citigroup has invested 0.08% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Pineno Levin Ford Asset reported 0.13% stake. Comcast Corporation is a media and technology company. The company has market cap of $4.97 billion. It has a 20.22 P/E ratio. [Full Article...]

Molson Coors Brewing Company (TAP) Upgraded by BidaskClub to "Hold"

Molson Coors Brewing Company had 32 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 13 by Cowen & Co. Whittier Trust Co. now owns 5,321 shares of the company's stock worth $509,000 after buying an additional 46 shares during the period. Its up 0.02, from 1.05 in 2016Q3. [Full Article...]

Southwest announces new San Jose flights, adding eight non-stop cities

Southwest announces new San Jose flights, adding eight non-stop cities Southwest Airlines will add San Jose, Calif., to its Boise Airport lineup on April 8. That flight will be a Saturday-only flight starting March 10. The new domestic nonstop destinations announced were to Orlando, Florida; New Orleans; Houston; Albuquerque, New Mexico (Sunday only); St. [Full Article...]

Which insiders are trading Urban Outfitters, Inc. (URBN)?

Credit Suisse Ag holds 0.01% of its portfolio in Urban Outfitters, Inc . (NASDAQ:URBN) has "Market Perform" rating given on Tuesday, January 10 by Telsey Advisory Group. Armistice Capital Llc owns 300,000 shares or 2.02% of their United States portfolio. Citadel Advisors Limited Liability reported 0.01% in Smith & Nephew plc (LON:SN). [Full Article...]

What's Hurricane Harvey doing to gas prices?

What's Hurricane Harvey doing to gas prices? Officials says they don't know yet how prices will be affected, but a worst-case scenario would be major damage to a large refining hub in Houston, which if shutdown could cause prices to rise significantly all across the country. Although such a jump in a week is notable, Monday morning's local price of $2.28 for regular gasoline was still lower than the month ago price of $2.29. [Full Article...]

Brewery stops canning beer to provide water for Hurricane Harvey victims

Brewery stops canning beer to provide water for Hurricane Harvey victims The Cartersville location, which opened in 1993, serves Georgia, Alabama, Florida, Tennessee and SC. According to a news release, the brewing giant temporarily halts production at the Cartersville facility periodically throughout the year to prepare canned drinking water for times of emergency. [Full Article...]


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