Economy

OPEC official: Ditching Iran deal would harm global economy

He also asserted that Saudi Arabia has not been that much successful to limit Iran's oil market, since the data and figures are clearly manifested the high records of crude oil exports. Iran had ruled out renegotiating the accord and threatened to retaliate if Washington withdrew. US politicians will want to avoid being blamed for a further escalation in the run up to congressional election... [Full Article...]

ZTE faces bleak future after United States ban prevents it from making phones

ZTE faces bleak future after United States ban prevents it from making phones According to a report in Reuters , MediaTek had obtained an export permit to sell parts to ZTE. Earlier today, the company issued a statement to its stockholders announcing that the company was essentially stopping operation as it contests the ruling of the United States government. [Full Article...]

Takeda Reaches Agreement To Acquire Shire For $62 Billion

Takeda Reaches Agreement To Acquire Shire For $62 Billion Shire shareholders will grab $30.33 (£22.42) in cash and 0.839 new Takeda shares, unchanged from the company's final offer. In particular, Shire would give Takeda access to research and development in fields the Japanese firm has long sought, including digestive systems, mental illness and rare diseases. [Full Article...]

Wisconsin Man Downs His 30000th Big Mac, Setting New World Record

Wisconsin Man Downs His 30000th Big Mac, Setting New World Record At the price of $3.57 each, Gorske would have spend an estimated $80,000 on the fast food hamburgers in the last 46 years. He ate his 20,000 Big Mac in 2004. Asked about the haters and doubters, Gorske was serene: "People make fun of me, but it never bothered me". In case you're wondering, Gorske says his cholesterol and blood pressure are normal and he weighs five pounds less than he did when... [Full Article...]

BGEO Group's (LON:BGEO) "Add" Rating Reaffirmed at Peel Hunt

Pension reported 391,289 shares stake. Paloma Ptnrs Mgmt accumulated 7,679 shares or 0.01% of the stock. Nomura Asset Management Ltd has invested 0% of its portfolio in Ashtead Group plc (LON:AHT). Deutsche Bank increased their target price on shares of Ascential from GBX 415 ($5.79) to GBX 425 ($5.93) and gave the stock a buy rating in a report on Tuesday, February 27th. [Full Article...]

Cambridge Analytica Shutting Down Following Facebook Breach Backlash

Cambridge Analytica Shutting Down Following Facebook Breach Backlash Executives also have been facing hard questions from employees, like whether Facebook should be offering political advertising at all. The last date for response is May 10. The investigation is ongoing. The U.K. Information Commissioner's Office said Cambridge Analytica's demise won't stop its inquiry into the company's practices. [Full Article...]

Bill Cosby's wife slams prosecutor, accusers for husband's guilty verdict

Bill Cosby's wife slams prosecutor, accusers for husband's guilty verdict Bill Cosby's wife of more than 50 years jumped to his defence on Thursday, blaming his sexual-assault conviction last week on a corrupt prosecutor, a pliant press and a lying accuser that she said led to a false verdict and stirred a lynch mob against him. [Full Article...]

South Korean leader says Trump 'can take the Nobel'

South Korean leader says Trump 'can take the Nobel' There was no truth to this report. Presidents Theodore Roosevelt, Woodrow Wilson, Jimmy Carter and most recently Barack Obama are all Nobel winners. "The aversion to giving him the Nobel on the Democratic side is caught up in the aversion to him". President Trump has indicated he will be campaigning in Tennessee during the fall elections. [Full Article...]

Flipkart co-founder Sachin Bansal likely to quit after Walmart's deal

Flipkart co-founder Sachin Bansal likely to quit after Walmart's deal In April, Reuters reported that Walmart was likely to reach a deal to buy a majority stake in Flipkart by the end of June. In a move seen as a precursor to U.S. Amazon is out of the running unless Walmart hits unforeseen trouble. The world's largest retailer has struggled against Amazon as consumers increase their spending on the Internet. [Full Article...]

Ruggie Capital Group Has $921000 Stake in Apple (AAPL)

Ruggie Capital Group Has $921000 Stake in Apple (AAPL) The Cupertino company also was more optimistic about the current quarter than most financial analysts , driving shares up 3.6 percent to $175.25 after hours. What seems more likely is that Apple had hoped for iPhone sales - especially iPhone X sales - to be higher than they were, and was forced to actually scale back orders. [Full Article...]

Axis Bank reports first loss since 1998

Axis Bank reports first loss since 1998 SHARES of Axis Bank on Friday rose almost 6 per cent even as the company reported a net loss of Rs 2,188.74 crore for the quarter ended March 31, 2018. "After making mandatory appropriations to statutory reserve, investment reserve and capital reserve, no profit is available for distribution as dividend for the financial year ended 31 March 2018". [Full Article...]

Brokaw Pushes Back On Allegations: They Were Like A 'Drive By Shooting'

Brokaw Pushes Back On Allegations: They Were Like A 'Drive By Shooting' Savannah Guthrie anchored tonight's newscast, filling in for Lester Holt , with Kate Snow reporting on their longtime colleague. He claimed Vester had a grudge against NBC News because she "failed in her pursuit of stardom" and called out the Post and Variety for being given "the run" by Vester. [Full Article...]

Draghi insists outlook is solid as European Central Bank skirts QE debate again

Draghi insists outlook is solid as European Central Bank skirts QE debate again The ECB's interest rate on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at zero, 0.25 and -0.40 percent respectively. A decision on future moves is likely to be communicated in June or July, with September only an outside possibility as it was too close to the tentative end date of asset buys, the sources s... [Full Article...]

Equity indices close higher, RIL top gainer

Equity indices close higher, RIL top gainer While the Sensex fell over 115 points to 34,501, the Nifty ended 43 points lower at 10,570 today. IndusInd Bank, Mahindra & Mahindra and Sun Pharma gained the most while HDFC Bank, Coal India and Hero MotoCorp were the major losers. The 30-share index was trading higher at 34,585.45 at 1100Hrs, reflecting a gain of 119.85 points, or 0.35 per cent. However, heavy selling pressure in metals, I... [Full Article...]

Three injured on Air India flight as another plane window detaches

Three injured on Air India flight as another plane window detaches TERRIFIED passengers had been left fearing for his or her lives when turbulence cracked a jet's window - hours after a girl died after she was sucked out of one other aircraft. The aviation agencies and the airlines are investigating the incident now. "The outside window die not break and there was no de-pressurisation". The overhead panel cover of a seat also reportedly got cracks. [Full Article...]

Police repeatedly taser unruly American Airlines passenger accused of groping woman

Police repeatedly taser unruly American Airlines passenger accused of groping woman According to the arrest report, American Airlines manager Jose Biaggi dealt with a female passenger's improper touching accusation by moving Garcia to another seat. The plane was still at the gate when crew members tried to get Garcia to get off. Garcia was forcibly removed from an American Airlines plane Sunday night after allegedly assaulting another passenger. [Full Article...]

Oman police confirm 'no criminal suspicion' in Avicii's death

Oman police confirm 'no criminal suspicion' in Avicii's death The authorities also said the family are "completely devastated", reports People Magazine . Avicii's Swedish fans have gathered in Stockholm , his hometown, on Saturday, April 21, to mourn the passing of the singer and to celebrate his music. [Full Article...]

FAA orders jet engine inspections after fatal Southwest accident

FAA orders jet engine inspections after fatal Southwest accident The directions by the USA federal Aviation Administrator on and the European Aviation safety Agency for inspections CFM56-7B engines, made by CFM International, which indicated rising concerns since a similar failure in 2016 of the same type of engine. [Full Article...]

How Analysts Rated Synthomer plc (LON:SYNT) Last Week?

Benjamin F Edwards And holds 750 shares. Aldebaran has invested 0.48% in Bloomsbury Publishing plc (LON:BMY). (NYSE:HD). West Coast Financial Ltd Limited Liability Company reported 0.07% of its portfolio in The Home Depot, Inc. The firm earned "Buy" rating on Friday, April 15 by Liberum Capital. The stock of Wincanton plc (LON:WIN) has "Buy" rating given on Thursday, November 9 by Liberum Capital. [Full Article...]

FAA orders fan blade inspections after Southwest engine explosion

FAA orders fan blade inspections after Southwest engine explosion The order, called an air-worthiness directive, would require an ultrasonic inspection within the next six months of the fan blades on all CFM56-7B engines that have accrued a certain number of takeoffs. And what was most dire was a female passenger being sucked into the hole where the window had been. Fellow passengers were able to pull her back inside but she died of her injuries later on Tue... [Full Article...]


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