Markets

Markets In Tweet Indicating His Exit, Suresh Prabhu Wishes 'Rail Family'
Author: 0 In Tweet Indicating His Exit, Suresh Prabhu Wishes 'Rail Family'

Suresh Prabhu has been mentoring me, directing me and taking care of me for the past 20 years. "Indian Railways shall continue on the roadmap of Development". On Sunday, after the reshuffle, Prabhu said he was hopeful that Goyal will take forward "Modi's dream" to have a functional Railways system at par with major global powers.

Markets Games, toys, movies, and now an IPO for 'Angry Birds'
Author: 0 Games, toys, movies, and now an IPO for 'Angry Birds'

Mr. Hed is still executive chairman of Rovio Animation, which helped bring "The Angry Birds Movie" to the big screen previous year. In December of that year, the company fired 110 employees and closed one of its game development studios to stem the bleeding.

Markets China's central bank move on cryptocurrencies hits bitcoin
Author: 0 China's central bank move on cryptocurrencies hits bitcoin

News that China was first considering banning ICOs first emerged last week when it was reported that China's Securities and Futures Commission, the China Banking Regulatory Commission and other regulators had met and were considering a ban on all ICOs until concerns about risks were addressed.

Markets Sports Direct AGM ends, result of chairman vote to come later
Author: 0 Sports Direct AGM ends, result of chairman vote to come later

The chair has become a lightning rod for anger at weak corporate governance in the Sports Direct boardroom, which remains heavily dominated by chief executive Mike Ashley. Hermes does not own Sports Direct shares directly, but its influential engagement service advises institutions with £311 billion of assets, including four that are Sports Direct investors and own 0.1 per cent of the company.

Markets Europe's Top Court Backs Intel's Appeal of Antitrust Fine
Author: 0 Europe's Top Court Backs Intel's Appeal of Antitrust Fine

The court did reject Intel's arguments that the Commission had mishandled interview procedure and mischaracterised its exclusivity rebates with HP and Lenovo, but did not rule on other parts of the appeal. Intel declined to immediately comment, saying it needed to study the ruling first. The fine of Euro 1.06 billion against Intel was for abuse of its dominant position on the market for computer chips.

Markets Bell Pottinger Eyes New Management And Sale In Fight For Survival
Author: 0 Bell Pottinger Eyes New Management And Sale In Fight For Survival

According to two sources, Bell Pottinger's debt was ratcheted up due to a share buyback and restucturing costs related to the departure of Bell and other senior staff last summer . "We no longer have a stake in Bell Pottinger ", Chime said in an e-mailed statement. Earlier this week, co-founder Timothy Bell, who left the firm a year ago, told BBC's Newsnight programme that he thought the agency is unlikely to survive.

Markets Supreme Court to hear bank plea against stay on Jaypee's insolvency
Author: 0 Supreme Court to hear bank plea against stay on Jaypee's insolvency

The SC bench, comprising of Chief Justice Jagdish Singh Khehar and Justice D.Y.Chandrachud stayed the August 9 order of the Allahabad bench of NCLT and told the petitioner to serve a copy of their petition on Attorney General K.K. The petition alleged that the action of the Ministries of Finance and Corporate Affairs of introducing Section 14 of the Code was "unjust, unfair and unreasonable" and violative of Article 14 (Right to Equality) and 21 (Right to Life) of the Constitution.

Markets Hewlett Packard Enterprise Co (HPE) EPS Estimated At $0.26
Author: 0 Hewlett Packard Enterprise Co (HPE) EPS Estimated At $0.26

In 2011, Hewlett Packard acquired Autonomy for $11 billion. The biggest institutional shareholders in Hewlett Packard Enterprise Company include Dodge & Cox which owns 213 million shares in the company valued at $5.04 B million. CEO Margaret C. Whitman disclosed the sale of 132,192 shares. The venerable IT pioneer only three months ago had reported a steep drop in quarterly revenue from its frontline enterprise hardware business, the one that that makes and markets server, networking ...

Markets 5% of US Gulf Oil Output Still Shut After Harvey
Author: 0 5% of US Gulf Oil Output Still Shut After Harvey

The Explorer Pipeline planned to reopen its 24-inch (61 cm) Oklahoma-to-Midwest fuel pipeline on Monday after reopening its 28-inch (71 cm) Texas-to-Oklahoma line on Sunday. "In the broader scheme of things, it appears that so far the energy industry was spared major damages to assets and infrastructure", analysts at JBC Energy said .

Markets Ryanair cuts carry-on luggage allowance - unless you pay £10
Author: 0 Ryanair cuts carry-on luggage allowance - unless you pay £10

The airline claims this is causing boarding and flight delays due to a large number of cabin bag offloads. The policy is now more similar to the one of rival easyJet which allows only one piece of hand luggage, with a maximum size of 56x45x25cm, including handles and wheels.

Author: 0 Dollar slips vs yen, pressured by N.Korea risks and Fed outlook

Concerns about North Korea, which held its biggest-ever nuclear test last Sunday (03/09), remains the main focus of investors. US stocks sank on Tuesday, with the S&P 500 stumbling to its biggest single-day loss in about three weeks, as investors weighed fresh tensions with North Korea.

Markets North Korea tensions ripple through global financial markets
Author: 0 North Korea tensions ripple through global financial markets

Crude oil was about 2.73 percent higher with prices over $48.50 per barrel as the effects of Harvey continue to linger. Dow Jones mini futures declined 61 points to reach 21,919.00. Weakness in bank stocks, which were slammed by concerns about net interest margin pressures related to the flattening yield curve, plus the selloff in insurers, weighed heavily on the financial sector (-2.2%), which was the day's worst performer.

Markets John Lewis has scrapped gender labels on children's clothes
Author: 0 John Lewis has scrapped gender labels on children's clothes

Sir Cary Cooper, a leading psychologist, also said the John Lewis move isn't "political correctness". While some parent groups support the push for gender-neutrality, others feel it has gone too far and is in fact "damaging" to children, with Louise Roberts from the Advertiser stating, "Celebrating the differences between male and female is what makes us human".

Markets Tronc acquires tabloid New York Daily News
Author: 0 Tronc acquires tabloid New York Daily News

Ironically, the sale returns the newspaper to its roots, founded by Joseph Medill Patterson, who was a co-publisher of the Chicago Tribune , which eventually became part of Tribune Co. Tronc will also take full ownership of the paper's printing facility in Jersey City, as well as a 49.9 percent interest in the surrounding 25-acre property, which overlooks Manhattan.

Markets Latest North Korean missile test continues to strain global relations
Author: 0 Latest North Korean missile test continues to strain global relations

When North Korea launched a ballistic missile on May 14, the day fell immediately before the summit meeting of the "One Belt One Road" initiative advocated by Xi to create a huge economic zone from Asia to Europe. "But, as I said, we have many options to do so". The top Democrat on the House Intelligence Committee Representative Adam Schiff also questioned Trump's decision to admonish South Korea when the nation appears to be facing a growing threat.

Markets After North Korea missile, Britain and Japan agree closer security ties
Author: 0 After North Korea missile, Britain and Japan agree closer security ties

North Korea is known to import about 1.5 million to 2 million tons of crude and petroleum products a year, with over 90 percent shipped from China . The U.S. The "complex" test flight of the the Standard Missile-6 Block IA marked the third successful intercept for the latest variant, and it was the second involving a medium-range ballistic missile target.

Markets Reactions to Rising Gas Prices
Author: 0 Reactions to Rising Gas Prices

Officials say patience is key as they restock gas pumps around the clock and work to resume full service at airports. When you talk about the gas price increase, yes, we've seen a 25-cent increase over the last week. Harvey's impact on gasoline prices was heightened because Houston "is the epicenter of the USA refinery community", according to Mac. "It's going to have a big increase with this hurricane hitting-a big, big increase".