Money

Commodity Corner: US Dollar holds firm ahead of US Fed announcement

Commodity Corner: US Dollar holds firm ahead of US Fed announcement The Facebook losses, caused by uproar over the alleged misuse of user data, filtered through the tech sector, with technology companies in the benchmark S&P 500 down 2 percent for the week to date. MSCI's broadest index of Asia-Pacific shares, excluding Japan , was up 0.5 percent, following gains on Wall Street. The Federal Reserve, facing this week its biggest policy decision yet under Chair... [Full Article...]

San Francisco Bans Sale of Fur Clothing

San Francisco Bans Sale of Fur Clothing On Tuesday, supervisors voted unanimously for the ban, and the legislation will go into effect on January 1, 2019, while retailers have until January 1, 2020, to sell current inventory. Wayne Hsiung, co-founder of animal rights network Direct Action Everywhere , said in a statement; " this historic act will usher in a new wave of animal rights legislation across the globe ". [Full Article...]

KB Toys aims to fill the void of Toys "R" Us

KB Toys aims to fill the void of Toys Kassoff said in his post that he wanted to "bring back KB Toys the right way so it can compete with not only the big-box stores but online as well". The company filed for Chapter 11 bankruptcy protection in September. Toys R Us will be closing or selling all of its U.S. stores after filing a motion to liquidate its USA business on March 15. "We are therefore implementing an orderly proces... [Full Article...]

USA oil inventories decrease amid bullish market

USA oil inventories decrease amid bullish market Secretary of State as a risk to oil markets , given he fiercely opposed the 2015 pact as a member of Congress. "Crude imports dropped by half a million barrels per day, that contributed to the draw". United States drillers added four oil rigs in the week to March 16, bringing the total count to 800, the weekly Baker Hughes drilling report said on Friday. [Full Article...]

PM Modi congratulates Angela Merkel on her re-election

PM Modi congratulates Angela Merkel on her re-election Prime Minister Narendra Modi on Wednesday called German Chancellor Angela Merkel to congratulate her on assuming office for the fourth successive term. "Nevertheless, the continuous contact with Russia's leadership is very important to us", he said. She defended her controversial refugee policy and said it was time for Germany and Europe to do more to solve the crisis "on the EU's doorstep" in... [Full Article...]

Trump bans trade in Venezuelan government cryptocurrency

Trump bans trade in Venezuelan government cryptocurrency An executive order signed by Trump bans "all transactions related to, provision of financing for, and other dealings in" any digital currency issued by or for the Venezuelan government. It said it will maintain its "sovereign decision to continue promoting Blockchain technology and make the Petro one of the most solid and reliable cryptocurrencies in the world". [Full Article...]

Why Oracle Shares Are Getting Slammed After Earnings

Why Oracle Shares Are Getting Slammed After Earnings It dived, as 92 investors sold WFC shares while 725 reduced holdings. While talking about Performance of the Stock, Oracle Corporation now has a Weekly performance of -1.8%, monthly performance percentage is 2.59 percent, Quarterly performance is 3.51 percent, 6 months performance shows a percent value of 6.59% and Yearly Performance is 13.78 percent. [Full Article...]

Sensex volatile below 33000-mark, Nifty under 10100

Sensex volatile below 33000-mark, Nifty under 10100 The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent. Investor wealth saw an erosion of Rs 1.86 lakh crore amid a massive sell-off in the broader market. [Full Article...]

Orbitz Hack Affected 880000 Payment Cards

Orbitz Hack Affected 880000 Payment Cards Travel booking site Orbitz said Tuesday that a possible security breach it discovered earlier this month may have exposed information tied to about 880,000 payment cards. The customer information at risk spans from January 2016 to December 2017. Affected individuals will be given free credit monitoring and identity protection services for one year. [Full Article...]

Egyptian Court Orders Uber To Cease Operations

Egyptian Court Orders Uber To Cease Operations Khaled al-Gammal, a lawyer acting for the taxi drivers, said the court suspended the two companies' licenses, banned their apps and suspended the use of private cars by the two ride-hailing services. "We will appeal this decision, and continue to be available in Egypt in the meantime". Both services have become very popular in Egypt where many users complain about the quality of service offered ... [Full Article...]

Panera Bread barricaded gunman killed by police in Princeton

Panera Bread barricaded gunman killed by police in Princeton Princeton High School is now sheltering-in-place. The standoff continue from the lunch hour into late afternoon. Suzannah B. Troy posted on Twitter and YouTube that she "heard a police officer say there's a shot gun to someone's head inside Panera's bread..." Message goes out to Princeton University community saying the message about sheltering in place and shots being fired was a mistake.... [Full Article...]

The Coca-Cola Company (NYSE:KO) Position Trimmed by Deprince Race & Zollo Inc

The Coca-Cola Company (NYSE:KO) Position Trimmed by Deprince Race & Zollo Inc It has outperformed by 44.77% the S&P500. Fayez Sarofim & Company decreased its stake in Coca (KO) by 0.58% based on its latest 2017Q3 regulatory filing with the SEC. Jarislowsky Fraser Limited stated it has 264,443 shares or 0.07% of all its holdings. Brookstone Cap Mgmt invested in 0.56% or 136,264 shares. Tocqueville Asset Mngmt Ltd Partnership invested in 972,762 shares or 0.5% of the stock. [Full Article...]

United suspends pet-cargo service after spate of incidents

United suspends pet-cargo service after spate of incidents United Airlines is suspending new reservations for pets traveling in the cargo compartment after three dogs were loaded onto wrong planes last week and a fourth died in an overhead bin. The suspension does not affect the transport of small pets in-cabin, United emphasized. That was double the number of deaths in 2016 for United, and three times as many deaths as American, Delta and Alaska a... [Full Article...]

United Kingdom inflation slows to 2.7pc, say official data

United Kingdom inflation slows to 2.7pc, say official data It would see the cost of living drop back from 3% where it is has remained since the end of previous year. "A small fall in petrol prices alongside food prices rising more slowly than a year ago helped pull down inflation, as numerous early 2017 price increases due to the previous depreciation of the pound have started to work through the system", Phil Gooding, the ONS' head of consumer price in... [Full Article...]

Amazon may buy some Toys 'R' Us stores

Amazon may buy some Toys 'R' Us stores More than 50 suppliers, including Barbie maker Mattel and Lego, have objected in some form to the proceedings by the storied toy retailer to shutter up to 735 U.S. Its Canadian unit is up for sale, along with its operations around the world. The toy retailer, which has more than 800 stores across America, has struggled to keep up with escalating competition from the likes of Amazon and Walmart i... [Full Article...]

Genedrive's (GDR) Buy Rating Reiterated at Peel Hunt

The company also recently declared a dividend, which will be paid on Monday, May 14th. Shore Capital maintained Moneysupermarket.com Group PLC (LON:MONY) on Friday, October 13 with "Buy" rating. Therefore 55% are positive. Auto Trader Group has GBX 530 highest and GBX 295 lowest target. Credit Suisse and their recent target would indicate a potential downside of -7.20 % from the company's last sto... [Full Article...]

Weir gender pay gap report released

Weir gender pay gap report released ITV is setting up a working group after revealing a median gender pay gap of 11.9%. In the spirit of the government's regulations, we've now included total earnings of partners and staff to give the most rounded picture of our firm's gender and BAME pay gaps'. [Full Article...]

Singapore provides highest quality of living in Asia for expatriates: Mercer survey

Singapore provides highest quality of living in Asia for expatriates: Mercer survey Singapore remains the most liveable city in Asia, Mercer's 2018 Quality of Living survey revealed. In fifth place, Vancouver was the highest ranking city in North America. Mercer's 20th annual Quality of Living survey has been released today. This year the consultant provided a separate ranking focusing specifically on city sanitation, in which Dublin was ranked 31st. [Full Article...]

Markets Right Now: Tech stocks lead market lower at midday

Markets Right Now: Tech stocks lead market lower at midday Analysts said other events this week are also encouraging investor caution, including a Federal Reserve monetary policy decision on Wednesday and a G20 meeting of finance ministers in Argentina that could bring to the surface rising tensions on global trade. [Full Article...]

Global gold prices off two-week lows ahead of Fed meet

Global gold prices off two-week lows ahead of Fed meet The Reserve Bank of Australia in its March meeting minutes reiterate that rising Australian dollar would slow economy pick up, inflation and low rates playing a part in lowering unemployment, lifting inflation. Gold is highly sensitive to rising USA interest rates, which reduce its appeal compared with interest-bearing investments. With an increase of 25 basis points seen as a done deal, one key... [Full Article...]


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