Markets

GST to convert entire country into one market: Patnaik

GST to convert entire country into one market: Patnaik It has been decided that the rate for capital goods and industrial intermediate items will be taxed at 18 per cent. Jaitley had earlier this month expressed confidence of the GST Council arriving at tax rates in the May 18-19 meeting. However, the government is yet to decide the GST rate for branded cereals. GST rate of food grains is yet to be finalised, reported NDTV. Soap, hair oil and to... [Full Article...]

Oil rebounds above $50 on latest US stockpile figures

Saudi Arabia's oil minister said he is confident that an agreement by oil producers to curb output and shrink a market glut will be extended into the second half of the year and possibly beyond. However, efforts of OPEC to reduce global oil inventories have been undermined by a surge in U.S. drilling, which has knocked more than 10 per cent off the price of oil in the last month. [Full Article...]

G7 nations to agree joint fight against cyber attacks - draft

G7 nations to agree joint fight against cyber attacks - draft Trump will decide whether to quit the global Paris agreement on climate change - a campaign promise - after meeting leaders at a G7 summit on May 26-27, the White House has said. Underscoring the cybersecurity threats, G-7 officials pointed to a massive attack that scrambled computer systems in dozens of countries on Friday. [Full Article...]

Stock under Review: Sirius XM Holdings Inc. (NASDAQ:SIRI)

Stock under Review: Sirius XM Holdings Inc. (NASDAQ:SIRI) Since the beginning of the calendar year, the stock is 9.67%. Several research firms recently commented on SIRI . From the opening price, the stock has seen a change of 1.97% recently clocking in with a price of $4.93. During the same period past year, the firm earned $0.03 EPS. Analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year. [Full Article...]

Ctrip.com International, Ltd

The company has grown 20.74% in past 3 months and in the last five trades has moved down -2.21%. Public Employees Retirement Association of Colorado now owns 319,000 shares of the company's stock worth $14,856,000 after buying an additional 106,700 shares in the last quarter. [Full Article...]

Laird PLC (LRD) Insider Buys 10000 Shares of Stock

Credit Suisse Group AG raised their target price on Ferrexpo Plc from GBX 167 ($2.16) to GBX 200 ($2.59) and gave the stock a "neutral" rating in a research note on Monday, April 10th. Worldpay Group plc is a United Kingdom-based company, which provides a range of technology-led payment products and services. The company has market cap of 8.20 billion GBP. [Full Article...]

Cliffs Natural Resources Inc (CLF) Stake Cut by Teachers Advisors LLC

Cliffs Natural Resources Inc (CLF) Stake Cut by Teachers Advisors LLC Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Alambic Investment Management L.P. purchased a new position in shares of Cliffs Natural Resources during the third quarter valued at approximately $598,000. [Full Article...]

OPEC panel to conclude meeting on Friday

OPEC crude oil production decreased by 18,000 bpd, from the previous month to average 31.73 million bpd in April, sources said. At the same time, compliance with OPEC's agreed 1.2-million bpd cut remained robust at around 96 percent. "On the whole, we believe the Company's decision to sell its jack-up fleet and newbuilds to Borr Drilling is negative as we expect a pick-up in demand for these as... [Full Article...]

Valeant Pharmaceuticals: Intrigued...Really?

Valeant Pharmaceuticals: Intrigued...Really? The firm earned "Market Perform" rating on Thursday, May 11 by BMO Capital Markets. 5,000 Valeant Pharmaceuticals Intl Inc (NYSE: VRX ) shares with value of $73,650 were bought by Ross Thomas W. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Wells Fargo & Co reiterated an "underperform" rating on shares of ... [Full Article...]

Surfer worked from bedroom to beat cyberattack

Surfer worked from bedroom to beat cyberattack The company offers "a suite of services and solutions to disrupt attacker tactics, techniques, and procedures", according to its website . In an interview with the Associated Press, Marcus said he and hundreds of experts at a Los Angeles-based computer firm worked to fight the virus. [Full Article...]

Ford to cut 1400 salaried employees in North America, Asia

Ford will allegedly cut approximately 10 percent of its global workforce in order to bolster corporate profits and stem stock-price bleeding, The Wall Street Journal reports , citing sources close to the plan. Michelle Krebs, an analyst with AutoTrader, said Ford may be taking a prudent action to prepare for declining US industry sales. Lowering costs and being leaner and as efficient as possib... [Full Article...]

Citigroup Inc Reiterates "Buy" Rating for Home Depot Inc (HD)

Citigroup Inc Reiterates Campbell Ann Marie sold $1.02M worth of Home Depot Inc (NYSE:HD) on Monday, February 27. Several institutional investors have recently added to or reduced their stakes in HD. (HD) is $160.29/share according to the consensus of analysts working on the stock, with an expected EPS of $2.21/share for the current quarter. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. [Full Article...]

Nissan starts the Leaf teasing game, and it's exciting

Nissan starts the Leaf teasing game, and it's exciting Speaking of the headlights, the first teaser image for the new campaign appears to be of the vehicle's headlights - with the mention "The new #Nissan #LEAF". Nissan's CEO Carlos Ghosn has suggested that the new LEAF could feature Nissan's ProPilot, an autonomous driving system which is considerably more advanced than the semi-autonomous aids available in some current Nissans like the Qashqai. [Full Article...]

OPEC panel looking at deepening, extending oil cuts

Douglas Rachlin, the managing director at Neuberger Berman's Rachlin Group, said on Wednesday at the SALT Conference in Las Vegas that "Saudi Arabia and OPEC are no longer in control". "For the global crude markets, fundamental demand strength in the coming weeks may have to come from seasonal gains in refining runs in Europe and Asia, led by China - provided that product demand and refining mar... [Full Article...]

Fiat Chrysler seeks diesel emission certification from EPA

Fiat Chrysler seeks diesel emission certification from EPA FCA said in a statement Friday that it had done that, working in collaboration with the EPA and the California Air Resources Board, and older models equipped with the engine would be recalled to install the new software. Gasoline versions of both models are now on sale, but the diesels (or any auto, for that matter) can't be sold in the US without emissions certification, and it's unclear how lo... [Full Article...]

5 facts about Cinco De Mayo you probably didn't know

5 facts about Cinco De Mayo you probably didn't know Of course, Trump is better known for calling Mexican immigrants "rapists", cracking down on all those " bad hombres " and pushing for a wildly unnecessary wall on the United States' southern border. But Mexican-Americans aren't necessarily encouraged by that tweet or the president's actual positions since, and some have said they are fearful of celebrating Cinco de Mayo this year because Mr Trum... [Full Article...]

RBI on hold for now, 50 bps rate hike likely in 2018

The ONS said that air fares - due to the timing of Easter - along with prices for clothing, vehicle excise duty and electricity contributed to the increase. 'The squeeze on real pay augurs a slowdown in consumer spending, ' he added, 'which in turn risks pushing unemployment up and depressing pay growth'. [Full Article...]

Bellway plc's (BWY) "Hold" Rating Reiterated at Deutsche Bank AG

The rating was maintained by Peel Hunt on Monday, April 4 with "Buy". Credit Suisse Group AG restated an outperform rating and set a GBX 1,300 ($16.78) price objective on shares of IMI plc in a research report on Thursday, March 30th. The firm has "Hold" rating given on Thursday, May 5 by HSBC. The rating was maintained by Barclays Capital with "Overweight" on Tuesday, January 10. As per Tuesday, ... [Full Article...]

Two days later he killed himself

Two days later he killed himself An image from a January 24 video shows the legs of Gabriel Taye as he lies on the floor of a restroom after being knocked unconscious at school in Cincinnati . While the video is hazy, Gabriel's motionless body is seen lying on the floor for several minutes, during which numerous children go past him, step over him, and even kick and poke him with their feet. [Full Article...]

Trip to bring Macron face-to-face with troops

The Kremlin says the leaders of Russian Federation and France have discussed possible cooperation on global issues, including the fight against terrorism. "If that were to happen, it would be unwarranted political interference", Deloire said. "The world and Europe need more than ever France, and a strong France, which speaks out loudly for freedom and solidarity", Macron declared. [Full Article...]


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