Markets

India's Wholesale Price Inflation Accelerates For Second Month

India's Wholesale Price Inflation Accelerates For Second Month It was 3.59 per cent in October this year, and 1.82 per cent in November last year. India's wholesale price inflation accelerated for the second straight month in November, data from the Ministry of Commerce & Industry showed Thursday. The index for "Manufacture of Wearing Apparel" sub-group rose by 0.3 per cent to 137.5 in November 2017 from 137.1 for the previous month due to higher price of... [Full Article...]

Nigeria, Libya eye oil output increase despite OPEC decision

Nigeria, Libya eye oil output increase despite OPEC decision U.S. West Texas Intermediate futures fell 30 cents to $56.30 a barrel, down from a high of $56.93. OPEC's crude oil production dropped to a six-month low in November, while USA and other non-OPEC supply has grown stronger than initially expected this year, which prompted the cartel to revise up on Wednesday its estimates for non-OPEC supply growth in 2018. [Full Article...]

Wine glasses now seven times larger than in Georgian times

Wine glasses now seven times larger than in Georgian times The founder of Wine Wizard‚ Fridjhon said: "While bigger glasses don't always guarantee a better experience‚ the success of brands like (Austrain glassware maker) Riedel shows that consumers are becoming increasingly conscious of the relationship between glass shape and enhanced drinking pleasure". [Full Article...]

Sports Direct first-half profits slump 67%

Sports Direct first-half profits slump 67% Shares in the sports equipment and clothing retailer were down 7.8% early on Thursday at 353.70 pence per share. Gross profit for the new business was GBP7.1 million. At a meeting, held at Sports Direct's headquarters in Shirebrook, 71% of independent shareholders voted against the resolution. It said in its latest trading update that it signed long-term forward hedging contracts in October. [Full Article...]

Comcast drops bid for 21st Century Fox assets

Comcast drops bid for 21st Century Fox assets The transaction unveiled early on Thursday morning has a total value of $US66.1 billion, with Disney assuming $US13.7 billion in 21st Century Fox debt. The cord-cutting trend, i.e. people shedding their cable subscriptions, has broadly pushed media companies to offset cable subscriber losses with more streaming options. [Full Article...]

Woolworths & Big W Wobble As ACCC Rejects BP Service Station Sale

Woolworths & Big W Wobble As ACCC Rejects BP Service Station Sale In a separate decision, the ACCC said it would conditionally approve Woolworths and BP's shopper docket and rewards loyalty program proposal. RACQ spokesperson Renee Smith said the motoring body was pleased the consumer watchdog had acknowledged the proposed takeover would substantially lessen competition. [Full Article...]

Transaction in Bitcoin under IT scanner for tax evasion

Transaction in Bitcoin under IT scanner for tax evasion From a cost of Rs 23000 per bitcoin before demonetisation to Rs 10 lakh now. The RBI says bitcoins are a commodity and not a currency and need to be regulated accordingly. The CEO of Coinome, an Indian exchange, said at the time of the central bank warning: "If India had to ban virtual currencies then they would have done that by now". [Full Article...]

Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown

Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown Brent crude futures, the worldwide benchmark for oil prices, were at $62.84 a barrel, up 40 cents, or 0.6 percent from their last close. The pipeline carries 450,000 barrels per day (bpd) of Forties crude oil, roughly equivalent to a quarter of the daily output of the entire North Sea basin, and handles a third of Britain's total offshore gas production. [Full Article...]

Crude Oil Rallies On OPEC, US Inventories

Crude Oil Rallies On OPEC, US Inventories Britain's biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on Tuesday. The inventories news comes amid weeks of increases in oil prices, spurring USA oil drilling and production activities to keep growing, especially with Russian Federation and the Organization of the Petroleum Exporting Countries (OPEC) agreeing last mo... [Full Article...]

ADB raises South Korea's 2018 growth forecast to 3% from 2.8%

ADB raises South Korea's 2018 growth forecast to 3% from 2.8% Combined growth for the major industrial economies was revised upward to 2.2 percent for 2017 and 2 percent for 2018, due to robust domestic demand in the euro area, and in Japan due to private investment and net exports. Growth projections for next year were revised upwards for the Philippines, Thailand, Vietnam and Singapore. Growth was broad-based, led by a solid recovery in exports, particul... [Full Article...]

Commonwealth Bank admits to money-laundering in response to AUSTRAC

AUSTRAC filed a civil case in August accusing the bank of several breaches of law including failing to identify, monitor and report money transfers over A$10,000 ($7,566), in contravention of the anti-money laundering and counter-terrorism financing Act. [Full Article...]

Whiting Petroleum Corp (NYSE:WLL): Institutional Investor Sentiment Up to 1.51

Whiting Petroleum Corp (NYSE:WLL): Institutional Investor Sentiment Up to 1.51 Glenmede Trust Co Na holds 0% of its portfolio in Whiting Petroleum Corporation (NYSE: WLL ) for 2,500 shares. Robert W. Baird raised their target price on Whiting Petroleum from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, November 10th. [Full Article...]

Gmt Capital Corp Position In Mgm Resorts International (MGM) Was Upped

The stock decreased 0.29% or $0.06 during the last trading session, reaching $20.61. ABCB's SI was 1.35 million shares in December as released by FINRA. 1,522 were reported by Smithfield Tru. In the past 52-week period, shares of MGM Resorts International ( NYSE : MGM ) have moved within the range of $25.15 to $34.65. [Full Article...]

A Glimpse Into Insider Trading And Ownership At Johnson & Johnson (JNJ)

Johnson & Johnson (NYSE: JNJ ) has risen 12.54% since December 13, 2016 and is uptrending. It has underperformed by 4.16% the S&P500. Bank & Trust Of America De stated it has 175,874 shares. Johnson & Johnson was covered by a number of analysts recently, 7 rated the stock as Buy, 8 rated Hold, 2 rated sell and 1 gave an Underperform. Therefore 0 are positive. [Full Article...]

What's The Story Behind Laredo Petroleum, Inc. (NYSE:LPI)

Sir Cap Mngmt Limited Partnership stated it has 0.55% in Laredo Petroleum, Inc. Laredo Petroleum, Inc. (LPI) opened the session with a $10.45 price tag, later ranging from $10.38 to $10.725, the range at which the stock has traded at throughout the day. [Full Article...]

Graduate students could no longer be tax exempt

Graduate students could no longer be tax exempt Carter and others have not had to pay particular attention to the cost of tuition because of the remission. Leebron says some of his students could see their tax bills go up five times their current amount. Graduate students are the fuel for the engine that drives university-based research, leading to new discoveries, innovation and economic development. [Full Article...]

Day Trend Is Negative For: Helios and Matheson Analytics Inc. (HMNY)

Looking further out, over the past twelve months, Helios and Matheson Analytics Inc .'s stock was 133.33% and 303.20% over the last quarter and 300.00% for the past six months. Helios and Matheson Analytics earned a coverage optimism score of -0.10 on Alpha One's scale. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in HMNY's ... [Full Article...]

Urban Outfitters INC (URBN) Stake Has Raised by Shapiro Capital Management Llc

The stock increased 0.54% or $0.52 during the last trading session, reaching $96.47. About 3.71M shares traded or 24.43% up from the average. AbbVie Inc. The rating was maintained by Stifel Nicolaus with "Buy" on Tuesday, March 8. Jefferies maintained it with "Buy" rating and $2300 target in Thursday, June 8 report. [Full Article...]

The Blackstone Group LP (BX)

It has outperformed by 3.79% the S&P500. Wellington Management Group Llp increased Cdw Corp (CDW) stake by 16.72% reported in 2017Q2 SEC filing. Bridgecreek Management Lc invested in 169,530 shares or 1.51% of the stock. Hsbc Hldgs Public Limited Company owns 0.07% invested in The Blackstone Group L.P. (NYSE:BX) for 1.09M shares. This cross might have investors taking a second look at company sh... [Full Article...]

Rite Aid (RAD) Analysts See $-0.02 EPS; Cato (CATO) Has 1.16 Sentiment

Shares of Rite Aid Corp ( RAD ) have seen the needle move 0.54% or 0.010 in the most recent session. It has underperformed by 71.88% the S&P500. 20,000 are held by Icm Asset Wa. Sold All: 85 Reduced: 96 Increased: 91 New Position: 50. The institutional investor held 483,040 shares of the computer manufacturing company at the end of 2017Q2, valued at $69.57M, up from 421,424 at the end of the previ... [Full Article...]


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