Money
Imagination Technologies agrees to Chinese buy-out; sells MIPS business
Canyon Bridge Capital Partners is a much newer company that was recently prohibited from acquiring FPGA company Lattice Semiconductor Corp.by US President Donald Trump because of its Chinese associations (see President Trump blocks Lattice deal ). [Full Article...]
Amazon's investment arm to buy 5% stake in Shoppers Stop
Shoppers Stop's board has approved issuance of 43.95 lakh equity shares of Rupees 5 each at price of Rupees 407.78 per piece to Amazon.com NV Investment Holdings LLC for Rupees 179.25 crore on preferential basis, Shoppers Stop said in BSE filing. [Full Article...]
Australia To Join The Space Race As Industry Blasts Off
The government revealed its plan on Monday morning, just hours after the Opposition unveiled its own plans to create a national space agency to coordinate the country's efforts in the industry. "Australia has the science, technology, infrastructure and skills to punch significantly above our weight in the global space industry", Senator Carr said. [Full Article...]
Sydney domestic departure flights delayed reportedly due to air traffic control system
Daily Mail Australia has reached out to Sydney Airport and Airservices Australia , which is responsible for air traffic control. "Our technicians are now working to rectify the situation", ASA said. The chaos comes as thousands of families prepare to head away on vacation for the school holidays, which began for many on Monday. "We are working to have all guests on their way as quickly and sa... [Full Article...]
Latest North Korean Earthquake Was Likely Not Nuclear Test
Early reports from the China Earthquake Administration (CENC) said a 3.4 magnitude quake was "caused by suspected explosion in North Hamgyong Province" and the depth of its epicentre was 0kms. The U.S. Geological Survey said it could not conclusively confirm whether the quake, which it measured at magnitude 3.5, was manmade or natural. The Comprehensive Nuclear-Test-Ban Treaty Organization, thr... [Full Article...]
Confusion Hinders Efforts Amid Puerto Rico Dam Failure Fear
A flash flood emergency was issued for the municipalities of Isabela and Quebradillas after dam operators reported the Guajataca Dam was failing. "Stay away or be swept away", it warned. Derek P. Rydholm, deputy to the chief of the Air Force Reserve, said mobile communications systems were being flown in, but acknowledged "it's going to take a while" before people in Puerto Rico will be able to ... [Full Article...]
North Korea threatens hydrogen bomb test over the Pacific
Ri said, however, that North Korea has no intention of using or threatening to use nuclear weapons against countries that don't join US military actions against the DPRK. But he warned that "we will take preventive measures by merciless pre-emptive action in case the USA and its vassal forces show any sign of conducting a kind of "decapitating" operation on our headquarters or military attack agai... [Full Article...]
The Glassman Wealth Services Raises Position in Johnson & Johnson (JNJ)
Johnson & Johnson ( JNJ)'s RSI (Relative strength index) is at 46, its ATR (Average True Range) value is 1.69, while its Beta factor was calculated at 0.78. This nets out to an increase of 2.64 million shares and is a bullish sign for JNJ. Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in BorgWarner Inc. [Full Article...]
Fed Keeps US Rates Steady, to Start Portfolio Drawdown in October
Its size reflects bond purchases the Fed made after the crisis struck to try to ease long-term borrowing rates, encourage spending and energize an anemic economy. FINSUM: We do not have any particularly sharp insight into what the Fed will do (and we don't think anyone really does), but we do believe that a shrinking of the balance won't cause the bond market losses that many fear . [Full Article...]
Commonwealth Bank, Westpac and ANZ to axe ATM fees
A report by the Reserve Bank of Australia previous year revealed that Australians are actually using ATMs less because of the rise of EFTPOS and Pay Pass, which make it easy for people to pay without cash exchanging hands. The Commonwealth bank was first off the rank, saying they've heard customer complaints are a ready to make a change. "So well done Commonwealth Bank". [Full Article...]
Sentiment Report: Marathon Oil Corp (NYSE:MRO)
It has outperformed by 34.26% the S&P500. Desjardins Securities maintained Encana Corp (USA) (NYSE:ECA) on Thursday, July 20 with "Hold" rating. Therefore 45% are positive. Investors purchased 1,294 call options on the company. Thomas J. Herzfeld Advisors Inc. holds 0.11% of its portfolio in Alliance California Municipal Income Fun for 17,511 shares. [Full Article...]
Korea Threatens Nuclear Bomb Test Over Pacific Ocean After Trump's UN Speech
Have you read Trendiee Today? In addition to the nuclear test, North Korea has launched dozens of missiles since Kim came to power in 2011. Kim Jong-un has said remarks by "deranged" US President Donald Trump have convinced him he is right to develop weapons. [Full Article...]
Cristiano Ronaldo demands Real Madrid drop Gareth Bale for Marco Asensio
Zidane added: " I'm glad because it's what we want from the players, that when they play, they try to do it well, and he did so ". Of course, and we have to live with that. "Perhaps it is a bad moment for us, but - apart from the game against Levante - I am happy with the way we have been playing". Ceballos is believed to have held talks with Zidane and Real president Florentino Perez over bei... [Full Article...]
Sen. McCain announces no vote on Graham-Cassidy health reform bill
Without those three votes , Republicans in the Senate will not have enough support to pass their health care bill. "If the bill fails next week, that will be the official end of the repeal effort", West said. Likewise, Murkowski voted against the previous GOP health care bills and has not yet declared her position. The party's inability to pass a bill underscores deep divisions within the... [Full Article...]
Kim Jong Un Calls Trump "Dotard" & Threatens To "Tame Him"
In the margins of the general assembly of the united Nations in NY, the head of the diplomacy of north korea's Ri Yong-ho told journalists that Pyongyang could now be given to detonate a hydrogen bomb out of his territory. "We will continue our efforts in the diplomatic arena, but all our military options, as the President has said, are on the table", he said. Published on Friday by the ne... [Full Article...]
Sensex falls 243 points, Nifty near 10050
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After opening at 32,361.37, the Sensex traded in a range of 32,524.11 and 31,886.09 before closing the week at 31,922.44, showing a loss of 350.17, or 1.09 percent. The first-quarter GDP growth slipped to a three-year low of 5.7 per cent this fiscal year. According to brokers, weak Asian cues after China's sovereign rating was downgraded by agency on fears over its ballooning debt and sustaine... [Full Article...]
AAFA urges negotiators to preserve TPLs in NAFTA
Mexico and Canada will survive current talks with the United States on trade relatively unscathed, according to a Reuters poll of economists, suggesting U.S. Canadian government officials insist the talks are going well. Hundreds of thousands of Americans go to work every day in the automobile manufacturing industry. [Full Article...]
Moody's downgrades United Kingdom credit rating to Aa2 as Brexit fears loom
Its report said: Moody's expects weaker public finances going forward, partly linked to the economic slowdown under way but also reflecting the increasing political and social pressures to raise spending after seven years of spending cuts. Moody's revised up its outlook on the country to stable from negative, meaning a further downgrade is not imminent. The decision embarrassed Mrs May hours aft... [Full Article...]
Wall St flat as North Korea tensions make investors risk-averse
While geopolitical tensions have been elevated, some analysts said the stock market has become desensitized to the threats the USA and North Korea. "While we don't expect a serious selloff, the geopolitical rhetoric could heat up". Both indexes rose around 0.1 percent for the week. The rate-sensitive utilities index.SPLRCU was the biggest laggard, on track to clock its worst weekly loss since ... [Full Article...]
Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs
The percentage of shares being held by the company management was 0.2% while institutional stake was 82.5%. A Hewlett Packard Enterprise representative didn't immediately respond to requests for comment. This dividend amount will represent a yield of $1.93. The ex-dividend date is Tuesday, September 12th. The corporation has a 50 Day SMA of $13.61 and a two hundred SMA of $13.67. [Full Article...]