Money

Uber's Ambitions Just Received Another Blow From Grab and Didi Chuxing

Uber's Ambitions Just Received Another Blow From Grab and Didi Chuxing Southeast Asia's leading on-demand transportation and mobile payments platform Grab has today announced that the one-stop mobile transportation platform Didi Chuxing and SoftBank Group Corp will invest up to US$2 billion - the largest single financing in Southeast Asia - to lead Grab's current financing round. [Full Article...]

Sensex gains over 200 points; Nifty nears 10k-mark

Sensex gains over 200 points; Nifty nears 10k-mark On Monday morning, the Sensex and Nifty were yet again trading at record highs. In Asia, slipped with the MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2 percent. Domestic institutional investors (DIIs) also bought shares worth a net Rs 147.66 crores. Other Asian markets ended on a mixed note, with a firmer yen, Friday's oil sell-off and US political concerns weighing on ... [Full Article...]

OPEC signals no big changes to supply deal at meeting in Russian Federation

OPEC signals no big changes to supply deal at meeting in Russian Federation Oil slumped into a bear market last month and Brent crude, the worldwide benchmark, is trading at about US$48, a gain of less than US$2 since the cuts were agreed on a year ago. OPEC's crude oil production is expected to increase by another 145,000 barrels per day in July over June, driven by higher production in Saudi Arabia, Nigeria and the UAE, a company which tracks OPEC supply forecast on Fri... [Full Article...]

Veteran Indian space scientist UR Rao dead

Veteran Indian space scientist UR Rao dead He was 85-years-old and battling heart ailment for some time. He served as the Chairman of ISRO for ten years from 1984-1994. "Our (ISRO) doctors were attending to him", said the official. For his huge contribution to development of India's space technology, Rao was inducted by International Astronautical Federation (IAF) in 2016 into its Hall of Fame. [Full Article...]

International Monetary Fund revises up China's economic growth forecasts on likely high government spending

International Monetary Fund revises up China's economic growth forecasts on likely high government spending The fund left its forecast for global growth unchanged in the latest quarterly update to its World Economic Outlook, released on Monday in Kuala Lumpur. Despite the upbeat worldwide assessment, the forecasts for world growth are still below the average before the 2008 global financial crisis. China's growth will still moderate in 2018 to 6.4 per cent, it said, but that was up 0.2 points from its A... [Full Article...]

Buhari receives APC delegation in London

Buhari receives APC delegation in London The Governors at yesterday's meeting were Mr Rochas Okorocha of Imo State, Mr Umaru Tanko Al-Makura of Nasarawa State, Mr Nasir El-Rufai of Kaduna State, Yahaya Bello of Kogi State, and the APC National Chairman, Mr John Oyegun. "According to the governor, Nigerians don't have to worry at all, adding that President Buhari will be back as soon as the doctors give him the green light". [Full Article...]

Man City Defender Aleksandar Kolarov Joins Roma

Man City Defender Aleksandar Kolarov Joins Roma The versatile Brazilian defender, who can play on either flank as well as at center back, signed a five-year contract to increase City's threadbare options at full back. 'I believe he will help us develop, on and off the pitch'. I am proud that I was part of making City the Club that it is. "The Serbian spent seven years at the Etihad Stadium, a period that saw the Club win two Premier League ti... [Full Article...]

ISL player draft: Blasters pick up Rino; Anas goes to Jamshedpur

ISL player draft: Blasters pick up Rino; Anas goes to Jamshedpur Coppell might also bring in his tried and tested global players who were part of Kerala Blasters previous season. New in ISL but not new to Indian football, the Tata Steel owned club probably has the best knowledge of Indian player talents considering their legacy of nurturing and producing players for decades. [Full Article...]

Fukushima disaster: Robot finds possible melted nuclear fuel

Fukushima disaster: Robot finds possible melted nuclear fuel Experts believe the melted fuel fell to the chamber's bottom and is now submerged by radioactive water. The condition of fuel debris inside the damaged reactors remains unknown, even though six years have passed since a huge quake and subsequent tsunami triggered a nuclear disaster at the seaside plant. [Full Article...]

President Pranab Mukherjee's to be given farewell on Sunday in Parliament

President Pranab Mukherjee's to be given farewell on Sunday in Parliament The farewell speech is reserved, according to tradition, for the Speaker to make after which Mukherjee will be presented mementos. The President elect Ram Nath Kovind will be sworn in on Tuesday. On Friday, Chiefs of Staff Committee had hosted a farewell Banquet for Mr. Mukherjee. The Hon'ble President, in his farewell address, extended his best wishes to all members of the Armed Forces and thei... [Full Article...]

Oil prices tumble on rising OPEC supply

Oil prices tumble on rising OPEC supply The price for September futures of West Texas Intermediate (WTI) rose by 0.43 percent and stood at $47.12 per barrel as of 4:36 a.m. EDT (UTC-4). Crude oil for September was down 38 cents at USD48.68 a barrel, easing from a 6-week high set Wednesday. [Full Article...]

The Rice Midstream Partners (NYSE:RMP) Given News Sentiment Rating of 0.31

The Rice Midstream Partners (NYSE:RMP) Given News Sentiment Rating of 0.31 The value of the investment in Shell Midstream Partners, L.P. increased from $20,034,000 to $22,314,000 a change of $2,280,000 quarter to quarter. The total value of its holdings decreased 30.0%. On June 15 the company was rated "Equal-Weight" in a report from Morgan Stanley a cut from the previous "Overweight" rating. The stock of Enable Midstream Partners LP (NYSE:ENBL) has "Buy" rating given ... [Full Article...]

Wipro to buy back shares worth Rs 11000 crore

Wipro to buy back shares worth Rs 11000 crore Speaking about the announcement of buyback of equity shares, Wipro CFO Jatin Dalal said that the announcement to buyback equity shares was a part of the company's philosophy to deliver efficient returns to shareholders. Meanwhile, the IT outsourcer also announced a share buyback to the tune of Rs. 11,000 crore at a price of Rs. 320 per share. Non-GAAP constant currency IT Services Segment ... [Full Article...]

Real Madrid eye potential move for Manchester United's Marcus Rashford

Real Madrid eye potential move for Manchester United's Marcus Rashford But Mourinho has confirmed that Real's ex-Tottenham winger Gareth Bale was never a realistic target. Sir Alex Ferguson was determined to snap him up in 2007, but the Wales global opted to join Premier League rivals Tottenham instead. [Full Article...]

Federal Realty Investment Trust

It has underperformed by 6.11% the S&P500. (LM) stake by 67.09% reported in 2016Q4 SEC filing. Pioneer Management Inc owns 151,800 shares. The stock plummeted -2.56 percent over the past month and rose 1.63 percent year-to-date. Arbor Realty Trust recently announced a dividend for shareholders that was paid on Wednesday the 31st of May 2017. D E Shaw & Inc holds 0% or 39,962 shares in its portfoli... [Full Article...]

GE revenue falls 12% on weakness in energy connections business

GE revenue falls 12% on weakness in energy connections business Microsoft (MSFT.O) fell 0.3 percent, despite the company reporting strong fourth-quarter earnings. Still, overall earnings are expected to be good with analysts expecting earnings to have climbed 8.6 percent, above the 8-percent rise projected at the start of the month, according to Thomson Reuters I/B/E/S. [Full Article...]

Elon Musk says he has 'verbal approval' to build hyperloop

Elon Musk says he has 'verbal approval' to build hyperloop In two tweets on Thursday he said , "just received verbal government approval for the Boring Company to build an underground NY-Phil-Balt-DC hyperloop". While the hyperloop is Musk's idea, he hasn't taken on the project personally. Running from "city centre to city centre", the tunnel would have "up to a dozen" more entry and exit points along the route, Musk said in a series of tweets about ... [Full Article...]

British Open Friday Recap | 4 hrs 11 mins ago

The scoring conditions were excellent, and Cabrera-Bello just didn't have many bad shots until missing off the tee on the 18th, causing him to drop a shot off the pace just before signing his scorecard in the clubhouse. Playing in white pants and short ankle socks - a fearless combination under the conditions - Poulter seemed at ease on the greens, made slower by the heavy rain of the previous eve... [Full Article...]

Nitish Kumar meets Rahul Gandhi amid speculations of rift in 'mahagathbandhan'

Nitish Kumar meets Rahul Gandhi amid speculations of rift in 'mahagathbandhan' While keeping the RJD guessing over the possible action if deputy chief minister Tejashwi Yadav does not resign, Bihar chief minister and JD (United) president Nitish Kumar on Saturday clarified to Rahul Gandhi that the Congress leadership must stop defending "tainted" Lalu Prasad family, as per sources. [Full Article...]

Tests reveal 'catastrophic' effect of drone strike on aircraft

Tests reveal 'catastrophic' effect of drone strike on aircraft Last year, more than 3,456 incidents involving drones were recorded, compared to only 1,237 in 2015. The move follows safety research that concluded drones could damage the windscreens of helicopters and take down commercial aircraft. It also plans to expand the use of geo-fencing, through which drones are programmed not to enter restricted locations, such as prisons or airports. Drone maker... [Full Article...]


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