Economy


United States formally launches probe of China's IP practices United States formally launches probe of China's IP practices
- August 20, 2017

Emmet LighthizerMORE launched a full-fledged investigation into China's alleged intellectual property theft on Friday, marking the Trump administration's firmest actions yet against China's trade practices. Bannon specifically mentioned using Section 301 to investigate " Chinese coercion of technology transfers from American corporations doing business there, and follow-up complaints against steel and aluminum dumping ". (more...)
Sensex, Nifty trade in green; Infosys gains 3% on share buyback proposal Sensex, Nifty trade in green; Infosys gains 3% on share buyback proposal
- August 18, 2017

Among stock-specific action, Infosys ended 5 percent higher as the company said it will consider buyback of shares . Similarly, Nifty IT index was up by 1.57%, keeping it above the 9800 mark. At 12.45 p.m., it rose by 26.55 points or 0.27 per cent to trade at 9,923.85 points. Hong Kong's Hang Seng Index slipped 0.30 percent by 3:09 p.m. (more...)
Americans splash the cash in July as retail sales rise Americans splash the cash in July as retail sales rise
- August 17, 2017

Economists say wage growth has to pick up to sustain consumer spending. In addition, the retail sales figures for June were revised to show a 0.3% rise instead of the previous estimate of a 0.2% drop. "If we continue to see the North Korea tensions kept in the background, there's some room for dollar/yen to tick up higher, perhaps to 111, maybe as far as 112", said Sim Moh Siong, FX strategist for Bank of Singapore. (more...)
Oil extends decline as United States sees shale output expanding further Oil extends decline as United States sees shale output expanding further
- August 16, 2017

On the balance situation, a survey of analysts from S&P Global Platts revealed expectations of a 3.6 million drop in US crude oil inventories and a 400,000 barrel decline for gasoline . The recent OPEC/non-OPEC capacity cuts have meant that India has had to diversify its crude suppliers, with state-run refiners making purchases of U.S. (more...)
Amit Shah formally invites Nitish Kumar-led JD(U) to join NDA Amit Shah formally invites Nitish Kumar-led JD(U) to join NDA
- August 14, 2017

A day earlier, Nitish had suspended party deputy leader Ali Anwar Ansari in the Rajya Sabha for attending a meeting of Opposition parties, convened by Congress chief Sonia Gandhi . Ansari said the faction led by Nitish has become a "government JD-U". "People are not going to pardon anyone for defying their trust", Sharad said. (more...)
NDP government joins battle against pipeline NDP government joins battle against pipeline
- August 12, 2017

Kinder Morgan can engage in construction on its own property and in the province of Alberta, so Anderson's statement doesn't directly contradict what Heyman said. Mr. Heyman added the province would seek "intervenor status" in a lawsuit headed to Canada's Federal Court that aims to overturn Ottawa's approval. (more...)
ASEAN stresses self-restraint, non-militarization in South China Sea ASEAN stresses self-restraint, non-militarization in South China Sea
- August 09, 2017

While evaluating the efficiency of the COC in resolving conflicts at sea, Hang said the common benefits of all ASEAN members and regional countries is maintaining peace, security and stability in the region and the East Sea. "Discussions this year will focus on counter-terrorism, the Korean Peninsula, cyber security, and maritime issues", Mr Brownlee says. Despite that, Pyongyang has continued developing its nuclear and weapons program. (more...)
Chipmaker Infineon to supply parts to Tesla Model 3
- August 05, 2017

As more details about the auto, its features, and the long S-Curve production timeline leaked out, its raised at least some uncertainties about how successful this vehicle will actually be. Tesla CEO Elon Musk said Wednesday the company may push back its big demonstration of its self-driving tech. "We're also very confident about costs". (more...)
Indian shares end at record closing high; SBI top gainer Indian shares end at record closing high; SBI top gainer
- August 01, 2017

Nifty, on the other hand, climbed 62.60 points, or 0.63%, ending at 10077.10 surpassing its previous record of 10020.65 recorded on July 26. The gauge had risen 205.06 points in the previous session. Power Grid, Tata Steel, ONGC , ICICI Bank , Kotak Bank, Infosys, Reliance, Maruti, among others too ended with gains. Eicher Motors shares surged 5 per cent to be the top gainer in Nifty after the automaker reported a 21 per cent jump in July sales. (more...)
Trump ready to sign Russian Federation sanctions bill Trump ready to sign Russian Federation sanctions bill
- August 01, 2017

Russia will consider a set of measures which will depend on how the United States will react to the situation, according to the Russian official. A top Russian diplomat on Sunday lambasted the United States Congress for voting to sanction Russia, and warned of retaliation by Moscow. (more...)
Lots of sun today, humidity increases tomorrow… Lots of sun today, humidity increases tomorrow…
- August 01, 2017

It will be a cool evening with temperatures falling into the upper 60s before midnight. Highs will be in the low-mid 80s with light east winds around 5 miles per hour. THURSDAY: Mix of sun and clouds. Sunday looks to stay dry, with highs approaching 90 degrees. Our best chance for storms will Thursday through Saturday as cold front will slow down and stall to our west. (more...)
Apple may skirt iPhone tariffs as Foxconn comes to the US Apple may skirt iPhone tariffs as Foxconn comes to the US
- July 29, 2017

When President Trump announced the Foxconn deal, he promised it would create a minimum of 3,000 and up to 13,000 jobs over time. Trump's plans for health care and tax cuts face a murky future in Congress, while his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign. (more...)
Clean air surprise fuels growing row between car industry and government Clean air surprise fuels growing row between car industry and government
- July 28, 2017

Swedish carmaker Volvo has said all new models will have an electric motor from the same year. The plans, which were dished out early to national newspapers and broadcasters, seem to downplay the likelihood of creating dozens of new Clean Air Zones-special areas in the United Kingdom where motorists with polluting vehicles would have to pay a stiff daily charge, similar to London's incoming ULEZ . (more...)
Institutional investors now have $40.14 billion stake in General Motors Company (GM) Institutional investors now have $40.14 billion stake in General Motors Company (GM)
- July 27, 2017

American Century Companies Inc. now owns 9,429,411 shares of the auto manufacturer's stock valued at $109,758,000 after buying an additional 1,706,419 shares in the last quarter. Ford Motor's dividend payout ratio (DPR) is now 64.52%. Sarissa Capital Management Lp holds 44.03% of its portfolio in Ariad Pharmaceuticals, Inc. (more...)
International Monetary Fund projects higher GDP growth for India, maintains global forecast International Monetary Fund projects higher GDP growth for India, maintains global forecast
- July 25, 2017

By contrast, growth projections for 2017 have been revised up for many euro area countries, including France, Germany , Italy, and Spain , where growth for the first quarter of 2017 was generally above expectations. "The recent decline in oil prices, if sustained, could weigh further on the outlook for the region's oil exporters", the International Monetary Fund said. (more...)
Helical PLC (LON:HLCL) Lifted to Helical PLC (LON:HLCL) Lifted to "Overweight" at JP Morgan Chase & Co
- July 23, 2017

The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/21/ncc-group-plcs-lonncc-buy-rating-reaffirmed-at-peel-hunt-updated-updated.html. Investors sentiment decreased to 1.13 in 2016 Q4. Equiniti Group PLC (LON:EQN) has 0.00% since July 21, 2016 and is. The stock has "Sell" rating by Canaccord Genuity on Tuesday, September 29. (more...)
GE Bulb Dims Friday on Revenue, Profit Declines GE Bulb Dims Friday on Revenue, Profit Declines
- July 22, 2017

Revenue from its power business rose 5%, while health care rose 4% and aviation was flat. GE has been under intense pressure to cut expenses and pledged in March to cut $1 billion in annual industrial expenses for each of the next two years, which is twice the level of cuts originally laid out. (more...)
Mustard, ketchup maker French's sold in $4.2B deal Mustard, ketchup maker French's sold in $4.2B deal
- July 20, 2017

And McCormick finally emerged as the highest bidder for the food unit on Wednesday. The company's brands include Nurofen, Woolite and Clearasil. Reckitt's sale of its French's mustard division to McCormick will bring much-welcome fee trouserings for Morgan Stanley and Robey Warshaw. (more...)
Missing paperwork could wipe out billions in private student loan debt Missing paperwork could wipe out billions in private student loan debt
- July 20, 2017

Although $5 billion may be a lot of money, its only a fraction of both the private student loan market and the student loan market as a whole. Some lucky Americans are finding that their huge piles of student debt may not actually exist. Even if National Collegiate owns your loan, however, that doesn't mean you're off the hook. If you're now in good standing on your loans, your debt won't be magically erased. (more...)
Are Hedge Funds Betting Against Dominion Diamond Corporation (DDC)? Are Hedge Funds Betting Against Dominion Diamond Corporation (DDC)?
- July 20, 2017

Gabelli initiated coverage on Dominion Diamond Corporation in a research report on Monday, April 3rd. Citigroup maintained Dominion Diamond Corp (NYSE:DDC) rating on Monday, October 19. In the latest earnings report the EPS was $-0.08 and is expected to be $0.86 for the current year with 80,574,000 shares now outstanding. Having a peek at growth estimates of the company, Dominion Diamond Corp (NYSE:DDC) has current quarter growth estimates of 261.5% however it has 666.7% estimations ... (more...)