Markets

Author: 0 Britain's snap election backfires on Prime Minister Theresa May

Standing outside 10 Downing St. today, Britain's Prime Minister Theresa May tried to put a fearless face on the disastrous results of Thursday's vote. Britain has been plunged into political chaos after a shock result in Thursday's general election that saw the ruling Conservative Party's majority wiped out.

Markets Sears to slash 400 jobs in effort to cut costs
Author: 0 Sears to slash 400 jobs in effort to cut costs

By eliminating the positions, the retailer says it can further simplify its organizational structure and consolidate Sears and Kmart functions. Those reductions are on top of the 130 job cuts it announced in February, as well as plans to close 150 stores.

Author: 0 Zarif meets senior officials at SCO summit

Sources in New Delhi, however, told DH that India attended the SCO summit as an observer and hence had no say on the content of the outcome document that was drafted by the officials of the member nations. This year's SCO summit holds special significance as India and Pakistan both will be formally inducted as SCO members. "Our relations are developing in many areas, and our trade has increased, even if only by a few percentage points", said Putin expressing hope to increase cooperation ...

Author: 0 Puerto Rico mulls political status in new referendum

Puerto Rico has more than $ 120 billion in debt , a crushing load that has given rise to a new wave of activism. She is pro-statehood and is forming a "Friends of Puerto Rico Caucus" that would press for statehood. Ricardo Rossello said, announcing the victory. Voters in Puerto Rico approved statehood by nearly 97 percent due in part to a boycott of the referendum by the party supporting a continuation of the current commonwealth status.

Author: 0 United Kingdom election: Theresa May could lose parliamentary majority, exit poll shows

In Thursday's election the Conservatives won 318 of the 650 House of Commons seats, 12 fewer than the party had before the snap election, and eight short of the 326 needed for an outright majority. While May expressed plans to stay in power and create a minority government with the Democratic Unionist Party of Northern Ireland , her unexpected defeat leaves many Britons wondering what's next for the country.

Markets Moody's Knocks Down South Africa Rating
Author: 0 Moody's Knocks Down South Africa Rating

The decision by Moody's to downgrade South Africa's sovereign credit rating to "Baa3"‚ with a "negative outlook"‚ is more bad news‚ in a string of bad news‚ and is a clear vote of no confidence in finance minister Malusi Gigaba and President Jacob Zuma‚ the Democratic Alliance says.

Author: 0 Analysts Take on Taiwan Semiconductor Manufacturing (TSM)

Martin Currie Ltd bought 115,400 shares as the company's stock rose 8.84% with the market. Finally, Northcape Capital Pty Ltd acquired a new position in Taiwan Semiconductor Mfg. TRADEMARK VIOLATION NOTICE: "Taiwan Semiconductor Mfg. Co". Its revenue has grown at an average annualized rate of about -17.00% during the past five years.

Author: 0 Germany prepared for Brexit negotiations, says Merkel

The victor of that leadership race will shape the UK's negotiating stance with the European Union (EU) unless a new election is called. Now that it made a decision to jump ship, it seems it can't get its act together to actually leave. Angela Merkel made her first comment since Britain PM Theresa May's Conservative party lost 13 seats. Then in April, Cameron's successor, May, called an early election that again stalled talks with Brussels.

Markets Fuel demand grows 5.4pc in May; petrol, diesel sales surge
Author: 0 Fuel demand grows 5.4pc in May; petrol, diesel sales surge

The interim committee of the association, under the presidentship of Manjit Singh, termed the dynamic pricing as hasty and ill-planned decision at a meeting here today. The dealer has to ensure the implementation of new prices in the dispensing units. The official said that dealers have been carrying out price changes regularly.

Author: 0 Stock Rating Update on the Shares of Delcath Systems Inc (DCTH)

Delcath Systems , Inc. (DCTH ) has a market capitalization of 10.49 Million which suggests the company is a huge company further suggesting that the shares of Delcath Systems , Inc. recorded a 52-week high of $6.49. The monthly stock performance comes in at 38.58%. Yet another important factor while evaluating a good buy/sell decision for Delcath Systems , Inc.

Markets British Airways Monday Flight Update
Author: 0 British Airways Monday Flight Update

A power supply problem reportedly disrupted the company's flight operations across the world and affected its call centers and website. British Airways customers flying from Heathrow had to face delays yet again on Sunday, whereas British Airways ran its normal schedule at the Gatwick.

Author: 0 Gianforte to face jail time after pleading guilty to assault charge

Gianforte defeated Democrat Rob Quist by 6 percentage points to win Montana's lone U.S. House seat, vacated when Ryan Zinke became Secretary of the Interior. Gianforte is expected to be sworn in later this month. "I hope the constructive resolution of this incident reinforces for all the importance of respecting the freedom of the press and the First Amendment and encourages more civil and thoughtful discourse in our country", Jacobs said in his statement.

Markets Bitcoin almost hits $3000 before plunging
Author: 0 Bitcoin almost hits $3000 before plunging

The cryptocurrency fever is still running hot as bitcoin surged past the $3,000 milestone yesterday evening. At roughly 10:00 UTC this morning, bitcoin prices fell abruptly, dropping more than $300 in a span of minutes from $2,980 to a daily low of $2,650.

Markets Mario + Rabbids Kingdom Battle Announced, Out On 29th August
Author: 0 Mario + Rabbids Kingdom Battle Announced, Out On 29th August

Mario + Rabbids Kingdom Battle - a title that leaked long before this year's Ubisoft press conference - is a weapons-based RPG that stems from a longstanding relationship between Nintendo and Ubisoft. The figurines feature the various rabbids in Mario-related costume. The game has a third-person gameplay view. Combat is turn-based and tactical. The gameplay consists of exploration and combat.

Author: 0 Hamilton says Mercedes can see the goalposts again

A sixth win here at Circuit Gilles Villeneuve not only took him within one of Michael Schumacher's record, but reignited his quest for the fourth world title that would vault him beyond Ayrton Senna, his childhood idol. "We know which direction we need to be developing the auto from now on". Hamilton, who in claiming the 56th career victory also reduced the gap to title rival Vettel in the championship to 12 points, says he was relieved Mercedes was able to overcome its hard Monaco ...

Markets Gymboree files bankruptcy protection to reduce debt
Author: 0 Gymboree files bankruptcy protection to reduce debt

Gymboree may be preparing to file for bankruptcy as it seeks to reorganize its debt load and may transfer control to its leaders as the company faces an interest payment on its debt June 1. Gymboree expects to operate its overall business and the majority of its stores as usual during its financial restructuring. James A. Mesterharm, also with AlixPartners , has been appointed as Chief Restructuring Officer.

Markets Fed is set to raise rates this week despite political tumult
Author: 0 Fed is set to raise rates this week despite political tumult

They view weak first quarter growth as transitory and believe inflation will resume rising toward the central bank's 2% target. This would be the third Fed interest rate hike in seven months. They suggested traders saw about a 24 percent chance of rates rising to 1.25-1.50 percent at the Fed's September 19-20 meeting and a 53 percent chance of such a move at its December 12-13 meeting.

Author: 0 Checklist stock of the Yesterday -: Teva Pharmaceutical Industries Limited (TEVA)

Teva Pharmaceutical Industries's revenue was up 17.0% on a year-over-year basis. Springbok Capital Management Llc sold 7,162 shares as the company's stock declined 2.24% while stock markets rallied. As per Thursday, June 23, the company rating was upgraded by Longbow. Teva Pharmaceutical Industries's payout ratio is 1,657.38%. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Markets European Union presses Britain to get its act together for Brexit talks
Author: 0 European Union presses Britain to get its act together for Brexit talks

May, who became prime minister after Britain's June 2016 referendum on leaving the European Union, called the election three years early in a bid to strengthen her hand in the looming Brexit negotiations. "At the same time, we say that we want to remain a good partner to Britain". Within the two years of talks, Britain wants to not only agree on the terms of its exit but also negotiate a new relationship on things like trade and security.