Markets


Tesla Model 3's first week: 325000 orders
- April 14, 2016

That being said , what concerns us is the fact that within a week from its unveil the auto already received over 325,000 pre-orders, which though sounds impressive, is still a hard task for Tesla to fulfil all those requests in a timely manner. (more...)
Benzema to miss Euro 2016 Benzema to miss Euro 2016
- April 14, 2016

Benzema acknowledged that the tone of his conversation - after his phone had been tapped by police investigators - was uncalled for and apologized to Valbuena and his family. One must think that Atletico Madrid's Antoine Griezmann is at the front of the queue after scoring 27 goals in 44 this term. Valbuena gave an interview to French daily Le Monde in which he said Benzema "indirectly" told him he had to pay a ransom to get back the sex-tape of him with his girlfriend. (more...)
US retail sales fall in March as Americans buy fewer cars US retail sales fall in March as Americans buy fewer cars
- April 14, 2016

Economic growth estimates for the first quarter are now as low as a 0.2 percent annualized rate. March sales for furniture and home furnishings retailers jumped 3.4% from the same month previous year, and were up slightly from February, the U.S. (more...)
Fitch cuts Saudi Arabia's IDR ratings to 'AA-' from 'AA' Fitch cuts Saudi Arabia's IDR ratings to 'AA-' from 'AA'
- April 13, 2016

Saudi Arabia's credit rating has been lowed be ratings agency Fitch due to the slump in the oil price expected to go on for longer than was previously thought. 'This may have contributed to an acceleration of the economic policy making process, but has also reduced the predictability of decision-making'. Saudi Arabia's military intervention in Yemen and in Syria shows a greater assertiveness in foreign policy. (more...)
Tesla Model 3 Sales: Not Too Shabby
- April 13, 2016

One of the major factors that have worked in making the Tesla Model 3 so much popular include the fact that the vehicle is the most affordable product from the company with a base price starting at $ 35,000. (Tesla Motors via AP) This undated photo provided by Tesla Motors shows a silver Model 3 auto. The Tesla Model 3 will be available in single-motor RWD and dual-motor AWD models internationally. (more...)
Tesla Model 3 Orders Hit 325000 In One Week
- April 12, 2016

Despite the brisk pre-orders, Tesla stumbled on production of the Model S and Model X in the first quarter. The Tesla Model 3 derives its power from a 60kw hour lithium-ion battery back that offers a range of 300kms per charge. The California-based electric auto company had previously claimed that it had received twice the number of orders it had originally expected, but that estimate is now almost tripled and still climbing. (more...)
Russia Will Maintain Oil Output at 537 Mln Tonnes in 2016, 2017
- April 12, 2016

He made his comments a day after fellow OPEC member Iraq reported a record level of production and less than a week before some of the biggest oil-producing nations are to discuss freezing output to reduce a glut and shore up prices. "However, the outlook for individual countries varies, depending on their trade and financial relationships with high-income economies and China, as well as their dependence on commodity exports", the bank said in a regional profile. (more...)
Tesla finally on track with Model X production
- April 12, 2016

Despite the lower-than-forecast delivery count, Tesla reaffirmed its commitment to delivering 80,000-90,000 vehicles for the full year. Tesla , the American automotive and energy storage company that first manufactured a fully electric sports vehicle called the Tesla Roadster, has unveiled the cheapest electric auto model to date which is called the Tesla Model 3. (more...)
Tesla Model 3 now officially on sale, pre-orders top 115000
- April 12, 2016

Now that the Model 3 has been unveiled, there's no telling how many more reservations it will get until it finally hit the market in late-2017. Moreover, the auto may also seem small from the outside, but in reality, it actually accommodates five adults quite comfortably. (more...)
CRYSTAL PALACE: Fans can intimidate Norwich City into submission, says Pardew CRYSTAL PALACE: Fans can intimidate Norwich City into submission, says Pardew
- April 10, 2016

The visitors' top flight nous and streetwise edge eased them to a 3-1 win, albeit there was a degree of controversy when Cameron Jerome's acrobatic overhead kick goal was deemed unsafe play inside the Palace penalty area and disallowed. Cabaye is fit again for Palace, who are also boosted by the return of striker Connor Wickham . Martin Olsson scored in stoppage time after Newcastle equalised in the 86th minute. (more...)
After primaries, a bleak election landscape for Trump
- April 10, 2016

Doing so has now given Colorado's potential delegates increased influence as players in the presidential race, especially as uncertainty abounds about what might happen this summer in Cleveland. Another 13 delegates will be up for grabs at Saturday's state convention, where the Texas senator is scheduled to address the crowd. Trump now leads with 743 delegates, with Cruz at 517 and John Kasich at 143. (more...)
Wall Street loves Tesla's new Model 3
- April 09, 2016

We already knew some of the car's big stats, such as mileage and price, but Tesla CEO Elon Musk also... Rebecca Lindland, senior analyst for Kelley Blue Book, wrote that people want to believe in the Musk's dream of sustainable transportation. (more...)
Netflix Prices Will Start Creeping Up For Existing Customers Netflix Prices Will Start Creeping Up For Existing Customers
- April 09, 2016

About 17 million Netflix customers are about to pay more for the streaming service, according to ABC News . Exactly. If you were grandfathered into Netflix's two-screen HD plan (meaning you've had Netflix for over two years) and have been paying only $7.99 a month, that's about to change. (more...)
Space station getting inflatable room, a cosmic 1st Space station getting inflatable room, a cosmic 1st
- April 09, 2016

The landing, the first ever of a rocket's first stage at sea, was heralded as yet another breakthrough milestone for the burgeoning commercial spaceflight industry, and its leader, SpaceX . EDT (0930 GMT). Astronauts Jeff Williams and Tim Peake will snag the vehicle with the station's robotic arm, allowing flight controllers in Mission Control Houston to install the spacecraft on the Earth-facing side of the station's Harmony module. (more...)
Inflatable offers extra space for astronauts
- April 09, 2016

The Dragon is packed with nearly 7,000 pounds of food, supplies and experiments, almost half of which is accounted for by the Bigelow module loaded in the capsule's "trunk". It is smaller than the space station's existing modules, but roomy enough for two people to work comfortably without needing space suits or helmets, Bigelow said. (more...)
Mumbai Indians have adequate cover for Malinga: Bond
- April 09, 2016

There will be some 60 matches in the IPL with eight teams in fray. Sponsored by Vivo, it is popular in media as Vivo IPL 9. "We Indian fans have a short memory". The IPL has attracted a host of foreign players who have shaped or resurrected their careers and in turn have become household names in India. Then came India's star rapper Yo Yo Honey Singh who entertained the crowd by singing his favourite songs like "Mai Tere Laila O Mere Laila", "Dum Dum Bum Bum", "Love Dose", "Chaar Botal ... (more...)
OCBC to buy Barclays Asia wealth business for $320 million OCBC to buy Barclays Asia wealth business for $320 million
- April 08, 2016

OCBC believes that the acquisition will broaden its wealth management franchise across its core markets and strengthens the Bank of Singapore's position as Asia's global private bank. DBS, the only other bidder in the final round for the Barclays assets, had been seen as an early favourite to win, people close to the auction said. (more...)
Money Briefs: India central bank cuts policy interest rate Money Briefs: India central bank cuts policy interest rate
- April 08, 2016

Jayarama Bhat, MD & CEO, Karnataka Bank: With the key conditions such as decline in inflation and the government sticking to its fiscal consolidation targets being supportive, the continuance of the accommodative stance by Reserve Bank was very much expected. (more...)
Tesla unveils much-anticipated, $35K Model 3 electric car
- April 08, 2016

Well, it's comparatively cheap. The Model 3 represents a huge moment for the company, which has seen its stock fall in the latter half of past year from $280 down to $240. - It supplies storeroom at the front and back of the vehicle. Since September 2012, Tesla has been rolling out hundreds of additions to its worldwide Supercharger network. (more...)
Google mulls bid for Yahoo's core business
- April 08, 2016

The carrier is also reportedly open to take over Yahoo's stake in Yahoo Japan Corp.as part of the deal, Bloomberg said. Those figures affirm comments made in January by Recon Analytics' Roger Entner, who said Verizon's acquisition of Yahoo would bring only issues without real value. (more...)