Economy


Lloyds underlines recovery with higher dividend and profits Lloyds underlines recovery with higher dividend and profits
- February 26, 2017

The Government still holds a more than 70 per cent stake in Royal Bank of Scotland, which has been hit by a string of charges and scandals that have suppressed the share price and made an imminent disposal look unlikely. The net interest margin of 2.18% for 2016 was 6 basis points higher than in 2015, as the benefit associated with the reduction in low yielding assets more than offset modest asset margin pressure and mix impacts across RBS's core franchises. (more...)
First Solar, Inc. (NASDAQ:FSLR), USG Corporation (NYSE:USG) First Solar, Inc. (NASDAQ:FSLR), USG Corporation (NYSE:USG)
- February 24, 2017

During the same period in the previous year, the company posted $1.60 earnings per share. "We are hesitant to add to positions in this stock at this price level at this time, given what we believe will be a challenging 2017-2018 owing to industrywide manufacturing overcapacity, and lower y/y demand in key end markets", JPMorgan's Paul Coster wrote Wednesday. (more...)
Is A March Rate Hike In The Cards?
- February 24, 2017

The Federal Open Market Committee - the central bank's policy-making arm - discussed at length the impact from lower taxes and regulations and higher domestic spending under President Donald Trump, according to minutes of the January 31-Feb. (more...)
"I Think They Are Both Out" - Jose Mourinho's Final Fears
- February 23, 2017

With the Armenian on the pitch you can always rely on United to create a moment of magic, as he's oozing with the confidence to get the ball forward, create chances and score goals. "I think him [Mkhitaryan] and Michael, I think they are both out but this is based on my experience, not based on my medical knowledge. It was the first time he had trained and he didn't train 100% with the group", Mourinho said. (more...)
Fed hike 'fairly soon' puts March in play Fed hike 'fairly soon' puts March in play
- February 23, 2017

A big concern for officials: uncertainty over President Trump's proposed economic policies. Some members cited the possibility of increased inflation from the policies , which is good unless the rate of price increases overshoots the Fed's 2% target. (more...)
Asia, Middle East drive arms sales to highest since Cold War Asia, Middle East drive arms sales to highest since Cold War
- February 21, 2017

Inflows to India accounted for 13 percent of the world's arms imports, a rise of 43 percent compared to 2007-2011. "While China is increasingly able to substitute arms imports with indigenous products, India remains dependent on weapons technology from many willing suppliers, including Russian Federation, the USA, European states, Israel and South Korea", said Siemon Wezeman , senior researcher at Sipri's arms and military expenditure programme. (more...)
Governor seeks report on incidents in Tamil Nadu Assembly during trust vote Governor seeks report on incidents in Tamil Nadu Assembly during trust vote
- February 20, 2017

It is a huge setback for the former Chief Minister O Panneerselvam as he managed to garner 11 votes and lost the battle against the aides of V. K. Sasikala. He was arrested from Marina where he was sitting in protest in front of the Mahatma Gandhi statue. "Things would've been different if secret ballot was allowed", he emphasised. (more...)
Arrest stuns Indonesian family of Kim slaying suspect
- February 19, 2017

Kim Jong-nam, 46, was assaulted at the same airport on Monday with what was believed to be a fast-acting poison as he was about to leave on a flight to Macau. Results had not been released by Thursday evening. At 2 a.m. on Thursday, Jalaluddin led investigators to his girlfriend, 25-year-old Indonesian Siti Aishah, who was then arrested on suspicion of being involved in Kim's death. (more...)
Centre, states fail to agree on GST bills, more delay seen Centre, states fail to agree on GST bills, more delay seen
- February 19, 2017

Jaitely added, "It is essential that enabling laws for GST are passed in second half of Budget Session to ensure its rollout from July 1". Addressing the issue of CAG audit of tax receipts from GST, Finance Minister Arun Jaitley said that the council decided against giving auditing powers to CAG under the Indirect Tax Act, making it clear that CAG already has powers to check finances under the CAG Act. (more...)
Options bets on Unilever surged ahead of Kraft Heinz bid
- February 18, 2017

Multiple company employees have indulged in significant insider trading. The legal version of this news story can be viewed at https://www.com-unik.info/2017/02/16/nn-investment-partners-holdings-n-v-acquires-11853-shares-of-the-kraft-heinz-company-khc.html. (more...)
Thousands of Chileans plan protest march to demand Alexis Sanchez leaves Arsenal Thousands of Chileans plan protest march to demand Alexis Sanchez leaves Arsenal
- February 18, 2017

Over 6,000 users of the social network site had replied that they planned to attend a protest on March 1, with another 7,400 saying there were "interested" in the event. There have been reports of a new contract for Sanchez throughout the season, but the former Barcelona forward is reviewing his options with Arsenal again set to exit the Champions League at the first knockout stage in the competition. (more...)
'I'm miserable' Melania Trump hates being the first lady
- February 17, 2017

During the visit of Japanese Prime Minister Shinzo Abe and his wife Akie , Melania tweeted that adults have a responsibility to empower their children. It was announced last week that Anna Cristina Niceta Lloyd had been appointed to oversee events planning. You know, despite trying to profit off her new title! Just as Mrs. (more...)
Plane hits deer while taking off from North Carolina airport
- February 16, 2017

The American Eagle flight struck a deer shortly after taking off from North Carolina's global airport in the U.S., forcing it to turn around and abort a flight to Mississippi. Emergency crews immediately surrounded the plane and sprayed it with foam upon landing. The airplane was towed away around 2 p.m. Crew onboard American Eagle Airlines flight 5320 say the plane hit a deer during departure from the runway. (more...)
Which insiders are trading General Motors Company (GM)?
- February 15, 2017

Ausdal Financial Partners Inc. bought a new position in shares of General Motors Company during the second quarter valued at $247,000. Several research analysts have recently weighed in on the stock. The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. With reference to all theories, earning yield also gives right direction to lure investment, as F has 4.80% dividend yield. (more...)
Yellen Hints at Possible US Interest Rate Hike Yellen Hints at Possible US Interest Rate Hike
- February 15, 2017

But that momentum wavered as worries over possible moves on trade and currency by the President Donald Trump's administration resurfaced. "Technological change has generally been a source of income growth, but has also created huge disadvantages for those with less education, and those in manufacturing industries that have seen outsourcing from globalization and automation", she said. (more...)
Co-op Bank up for sale but it's "business as usual for customers"
- February 14, 2017

Bank chair Dennis Holt said the organisation was continuing to meet the regulatory capital requirements set out by the Bank of England's Prudential Regulation Authority . The bank's balance sheet ballooned following a disastrous merger with the Britannia Building Society, and then ran into trouble when it tried to buy more than 600 branches from Lloyds Banking Group. (more...)
Burger King Parent Restaurant Brands Beats Q4 Forecasts
- February 14, 2017

The company's 50-day moving average price is $48.90 and its 200 day moving average price is $46.74. USA -listed shares of Restaurant Brands rose as much as 2.5 percent to a record $52.73. The company now has an average rating of "Hold" and a consensus target price of $46.55. The company's profits tripled previous year to $345.6 million. (more...)
Lawyer: Pro-Trump mindset behind 8-year voter fraud sentence Lawyer: Pro-Trump mindset behind 8-year voter fraud sentence
- February 14, 2017

Ortega's lawyer said that she will likely be deported after she completes her prison sentence. "So it's not fair", Rosa's uncle, Felipe Ortega said. "She got deported", she said. "She was trying to make more serious decisions about our country than the 50% of people who didn't bother to vote in the last election". "The fact that she got eight years is off the rails". (more...)
China exports beat forecasts, up almost 8% in January China exports beat forecasts, up almost 8% in January
- February 12, 2017

China's overseas shipments rebounded on stronger global demand, putting the nation's external sector on a firmer footing as it braces for potential trade frictions with the USA under Donald Trump's presidency. Commerce Department said Tuesday, while Chinese data put it somewhat lower. Manufacturing activity and fuel demand typically slows ahead of the Lunar New Year as production of raw materials eases. (more...)
Seattle to cut ties with Wells Fargo over oil pipeline Seattle to cut ties with Wells Fargo over oil pipeline
- February 11, 2017

Seattle is the first major city to cut financial ties with Wells Fargo over the Dakota Access Pipeline. Wells Fargo was chosen by Seattle through competitive bidding, beating out Bank of America, Union Bank and US Bank. "That credit facility was properly vetted and independently reviewed within Wells Fargo". "Protests in Seattle against the Dakota Access Pipeline project have been large and frequent, often organized by local tribal members", KUOW reports . (more...)
Moyes looks to Sunderland to build on Palace win Moyes looks to Sunderland to build on Palace win
- February 11, 2017

Southampton manager Claude Puel says victory at Sunderland on Saturday will act as great preparation for the EFL Cup final. "It's something different. "I'm on his case at the moment, because I think he's getting to an age where he has to start taking bigger responsibility, doing the right things more often, getting on the ball more often, and he's just started to show it, so it's unfortunate for him but hopefully it won't be too long". (more...)
Global oil demand improves but slowdown still forecast for 2017: IEA Global oil demand improves but slowdown still forecast for 2017: IEA
- February 11, 2017

Oil prices rose almost 2 per cent on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that took effect in January. Production in Iraq , which tried to secure an exemption from the cuts, declined by 120,000 barrels a day to 4.51 million. Some analysts even maintain that now 60% of the remaining world oil production is precisely in the United States shale oil sector, whose companies should gain a competitive advantage ... (more...)
Can Gasoline Inventories Pressure Crude Oil Prices?
- February 09, 2017

Oil prices fell Tuesday on rising USA output and a stronger US dollar. U.S. West Texas Intermediate (WTI) crude CLc1 was at $51.77 a barrel, down 40 cents. US oil output will surge next year to the highest level since 1970, according to an EIA report Tuesday. However, the rise in United States production negated its impact in the global oil market. (more...)
Ford Expedition adopts the family face
- February 09, 2017

The new Expedition features a roomier interior to match the fresh sheet metal. And between the adaptive cruise control, emergency braking assistance, a lane-keeping system, and blind-spot awareness function, the Expedition should give moms the peace of mind to take their eyes off the road long enough to yell at the seven kids packed into the vehicle. (more...)
Bombardier gets millions from Canada for Global 7000, C Series
- February 09, 2017

A federal loan announced on February 7, 2017, will help to assure continued progress in Bombardier's Global 7000 program. The province of Quebec, where Bombardier is based, injected $1 billion into the company's CSeries program a year ago. (more...)
Hybrids spark growing new vehicle market Hybrids spark growing new vehicle market
- February 08, 2017

The number of new cars registered in the United Kingdom hit a 12-year high in January, with electric vehicles taking a record share of the market, according to the Society of Motor Manufacturers and Traders (SMMT). Registrations of new cars in the United Kingdom rose to a 12-year high in January, led by higher demand from private motorists, figures showed on Monday. (more...)
United Kingdom tourists face European Union roaming charges post-Brexit United Kingdom tourists face European Union roaming charges post-Brexit
- February 08, 2017

But the pressure group Open Britain said it did not go far enough and should be rejected as a "con" by MPs voting on key amendments to a bill which will allow Theresa May to trigger withdrawal talks under Article 50 of the European Union treaties. (more...)
Sanders: Trump Is a 'Fraud' Moving America Towards 'Authoritarianism'
- February 07, 2017

Tapper was talking to Sanders about the administration's move, via executive order , to chip away at Dodd-Frank, the bill regulating Wall Street banks that was put into place after the 2008 financial crash. And said he believed Trump would 'sell out the middle class and the working class of this country'. Tapper said Sanders had warned during the campaign that Trump would pull this switcheroo, but a lot of his supporters apparently believed Trump was honest and voted for him over Hillary ... (more...)
Trump's Little Granddaughter Becomes Media Star in China
- February 06, 2017

At the same time, his granddaughter has won the hearts of many Chinese people after a video of her singing in Chinese surfaced online. "Her appearance at the Chinese embassy, with a certain political and diplomatic significance, could be invigorating to the China-US relationship", the paper said. (more...)
England stumbles home for win over France
- February 06, 2017

Obviously, we weren't satisfied with the way we played first half. "We weren't our usual urgent selves and maybe I've got to look at the preparation I gave the team", said Jones. But contain them they did. "It's a game of rugby and human beings are involved, and it took us a long time to respond". "If we do what Arsenal did on Tuesday when it was 2-0 and the team wakes up, if we do that against France , we will be in trouble because they can score some points". (more...)
Snapchat spending $2 billion over 5 years for Google Cloud
- February 05, 2017

The IPO filing is listed in the name of founder and CEO Evan Spiegel. Snapchat's was initially ahead of Instagram in terms of time spent in the app per Android user but it has declined in the U.S. The social media app considers itself "a camera company", and believes reinventing the camera is its greatest opportunity to "improve the way people live and communicate". (more...)
Courgette crisis: Poor Spanish weather deprives United Kingdom of green vegetables Courgette crisis: Poor Spanish weather deprives United Kingdom of green vegetables
- February 05, 2017

The crisis could even last until April if the weather in the Mediterranean does not improve, and prices would have to rise as a result. Morrisons supermarkets have put in place a three per person limit on broccoli as well as iceberg lettuces too. (more...)
Fortinet Receives a New Rating from Top Analyst Fortinet Receives a New Rating from Top Analyst
- February 05, 2017

The mean price target for the company's stock is $22.42 while the highest price target suggested by the analysts is $27.00 and low price target is $18.00. Analysts' mean recommendation for Fortinet, Inc .'s (FTNT) stands at 2.20. Earnings, adjusted for stock option expense and non-recurring costs, were 30 cents per share. (more...)
U.S. oil prices fall after sharp rise in stockpiles U.S. oil prices fall after sharp rise in stockpiles
- February 05, 2017

Oil has fluctuated above $50 a barrel since OPEC joined with 11 nonmembers in December to trim supply by as much as 1.8 million barrels a day. Brent crude futures, the global benchmark for oil prices, were trading at $55.48 per barrel at 0140 GMT, down 10 cents from their last close. (more...)
Featured Stock Overview: FireEye, Inc. (NASDAQ:FEYE) Featured Stock Overview: FireEye, Inc. (NASDAQ:FEYE)
- February 05, 2017

This rating was issued on 1/13/17. Standpoint Research initiated coverage on shares of FireEye in a report on Friday, January 13th. Wunderlich Assumes FireEye, Inc . Deutsche Bank AG restated a "hold" rating on shares of FireEye in a report on Saturday, October 15th. For the overall, consensus ratings were for Hold. (more...)

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