Money

Mobile, memory chips and storage sales boost Samsung profits

Mobile, memory chips and storage sales boost Samsung profits Samsung said that despite the strong sales performance of premium smartphones, its total smartphone shipments remained at a similar level quarter on quarter, due to decreased sales of mid- to low-end products. LG Chem, South Korea's top chemicals firm, rose 0.77 percent, while AmorePacific, the country's leading cosmetics maker, gained 2.11 percent. Continued demand for DRAM and NAND chips and su... [Full Article...]

Bitcoin exchange chief arrested amid new questions about Mt Gox theft

Bitcoin exchange chief arrested amid new questions about Mt Gox theft Alexander Vinnik , who was arrested in Greece on Tuesday, allegedly operated the BTC-e virtual currency exchange and used it to launder money, including funds from the hack of Mt. While BTC-e went down, as many as 66,163 bitcoins started moving. Mr. Vinnik and his partners are accused of stealing funds from the Tokyo-based Bitcoin exchange Mt. [Full Article...]

Amazon Takes On Alibaba, Launches Prime Now Service In Singapore

Amazon Takes On Alibaba, Launches Prime Now Service In Singapore The two-hour delivery service, available through the Prime Now mobile app, gives shoppers here access to tens of thousands of products ranging from groceries to electronics and sporting goods stocked at its new fulfilment centre in the Jurong industrial area. [Full Article...]

Ford beats on second-quarter earnings (F)

Ford beats on second-quarter earnings (F) Ford's global sales were down 43,000 vehicles in the quarter, with 8,000 of that coming in the US market. The FactSet consensus is for full-year earnings of $1.51 per share. Bill Ford said then he wants Hackett, the tech-talking "change agent", to "re-energize" the company by moving faster than his predecessor, Fields, in realigning the business to maximize growth amid expansion into new markets s... [Full Article...]

Gold Settles With a Slight Loss, Ending Its Streak Of Gains

Gold Settles With a Slight Loss, Ending Its Streak Of Gains The index ended the week down 1.32%, marking its second straight weekly decline. It touched its lowest level in more than a year last week. It was last at 1.1663, having gained 1.65% for the week. The U.S. dollar traded mixed against major currencies as investors waited for the testimony of U.S. President Donald Trump's son-in-law on Monday in a probe into possible ties between his election campai... [Full Article...]

World oil prices rise

World oil prices rise Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after USA oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply. Bank. Furthermore, Indonesia's Energy Minister has that the country will join OPEC if the oil cartel does not force it to curb its production. The group's compliance... [Full Article...]

Elon Musk just threw some major shade at Mark Zuckerberg

Elon Musk just threw some major shade at Mark Zuckerberg At a gathering of USA governors this month, Musk contended that artificial intelligence is a terrifying problem and a threat to human civilization. In a LIVE interview, Mark was asked about his thoughts on Elon Musk's AI fear and his thoughts on AI and how it could affect the world. [Full Article...]

RBA Chief Says Rate Cut To Stimulate Inflation Risks Financial Stability

RBA Chief Says Rate Cut To Stimulate Inflation Risks Financial Stability As expected, year-on-year GDP slowed from 2% to 1.7%. Pound Sterling has risen against the Australian Dollar by over half a percent in the mid-week session as data out of Australia disappoints against analyst expectations. There is no United Kingdom or Australian data left for release today, but developments in the U.S. could significantly alter the balance of risks for the GBP/AUD exchange rate... [Full Article...]

Fuel shortage hits major cities on third day of oil tankers' strike

Fuel shortage hits major cities on third day of oil tankers' strike Talking to a private news channel, she said the matter can be resolved through dialogue but Tankers Association had not addressed their problems. The government's side was headed by Petroleum Secretary Sikandar Sultan Raja while Chairman of All Pakistan Tankers Association Yousaf Shawani represented the oil tankers. [Full Article...]

The Coca-Cola Co (KO) Q2 Revenues Plunge 16%, Still Beat Expectations

The Coca-Cola Co (KO) Q2 Revenues Plunge 16%, Still Beat Expectations Newman Dignan And Sheerar invested in 0.36% or 14,199 shares. The 50 day moving average was up $1.57 or +3.83% and the 200 day average was up $4.81. The Coca-Cola Company (NYSE:KO) shares have been recently spotted -1.96% away from the 52-week high, and 13.23% away from the 52-week low mark. [Full Article...]

Government to ban "unfair" leaseholds on new-build houses

Government to ban His ground rent of £320 a year would double every 10 years and he had to pay a fee of £10,000 to the freeholder if he wanted to carry out major improvements. Britain unveiled proposals on Tuesday to ban the sale of new leasehold houses which oblige the owner of the lease to pay ground rent to a freeholder, after concern some buyers are facing sharply increasing costs for years afterwards. [Full Article...]

ITV Profit Falls On Lower Ad Revenue Despite Love Island

ITV Profit Falls On Lower Ad Revenue Despite Love Island The one bright spot for ITV was the performance of ITV Studios, where revenue rose 7% to £697m thanks to new dramas including Unforgotten , Little Boy Blue and The Loch. He pointed to recent ITV2 hit Love Island as a show that is helping the broadcaster attract viewers in the key 16-34 age bracket. " ITV is the only channel to deliver a commercial audience over five million", said Chairm... [Full Article...]

Ashwin hails India's rise to top Test ranking

Ashwin hails India's rise to top Test ranking Kohli said, "The last time we think we might have probably lowered a batsman and the fifth bowler did not do much in the match". India had lost to Sri Lanka here during the 2015 series when Kohli went in with a combination of five specialist bowlers with a batsman short in the playing XI. [Full Article...]

UK GDP slowdown takes hold in second quarter

UK GDP slowdown takes hold in second quarter The Office for National Statistics said that growth in the three months to the end of June was driven by services, which grew by 0.5 per cent compared with 0.1 per cent growth in the first quarter of the year. Retailers, hotels and restaurants all had a strong quarter and more than offset falls in output in the manufacturing and construction sectors. Many economists fear that Britain's economi... [Full Article...]

Sunny Leone to shoot a song for Sanjay Dutt starrer 'Bhoomi'

Sunny Leone to shoot a song for Sanjay Dutt starrer 'Bhoomi' The song title " Piya More " has been finally unleashed and it is sure to set viewers' hearts racing in no time. However, it is the way the song has been shot that takes your breath away. 'Baadshaho , ' is a Milan Luthria directorial and stars Ajay Devgn , Emraan, Esha Gupta, Ileana D'Cruz and Vidyut Jammwal in pivotal roles. Produced by Bhushan Kumar, Krishan Kumar and Milan Luthria, Baadshaho ... [Full Article...]

Scoot-Tigerair rebranding: See Scoot's new livery, uniforms and tagline

Scoot-Tigerair rebranding: See Scoot's new livery, uniforms and tagline Since the two companies can fill each other's challenges, it is just natural that they unite, said Hsin. Underpinning the post-integration growth plan, Mr Lee announced five new destinations that Scoot will call on by June next year. "We do not plan to expand our investment in Nok or NokScoot at this time", Thng said, although he noted that Nok Air had been looking for a new investor. [Full Article...]

AK Steel Holding Corporation (AKS) Stock Soars After Strong Earnings Beat

AK Steel Holding Corporation (AKS) Stock Soars After Strong Earnings Beat The firm has a 50-day moving average price of $6.32 and a 200-day moving average price of $7.21. The dividend payment was $0.050 per share for the quarter which is $0.20 annualized. Finally, Wedbush Securities Inc. acquired a new stake in AK Steel Holding Corporation during the first quarter worth $128,000. Following the transaction, the director now owns 98,919 shares of the company's stock, va... [Full Article...]

UK To Ban Petrol And Diesel Vehicles Sales From 2040

UK To Ban Petrol And Diesel Vehicles Sales From 2040 No new diesel or petrol cars will be sold in the United Kingdom from 2040, the Government is expected to announce on Wednesday. The Government has used the General Election to put off making a decision on diesel cars When will the diesel scrappage scheme go ahead? The Government has until Monday next week to publish a final revised UK Air Quality Plan for tackling nitrogen dioxide and it i... [Full Article...]

US Fed opens 2-day meeting amid weak inflation

US Fed opens 2-day meeting amid weak inflation Nonetheless, two-thirds of respondents said Fed officials wouldn't change the language of their next policy statement to highlight their growing worries. "I think the market is much more anxious about the inflation story and was buying the Fed's initial narrative that it was transitory". ANALYST VIEWPOINT: "The summer period can often be a very quiet one for the markets but with the major centra... [Full Article...]

New Girl Scout Badges Promote STEM and Outdoor Programs

New Girl Scout Badges Promote STEM and Outdoor Programs The organization will unveil 23 new badges on Tuesday. Other new badges focus on race auto and aviation design using kits from GoldieBlox, a girl-focused toy company. I like building things and I like discovering things. "It really stems from making our girls as relevant in today's society as possible", said Cecilia Chavez, Director of Program and Innovation for Girl Scouts of New Mexico Trail... [Full Article...]


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