Finance

by | October 04, 2016 | 01:17

Deutsche, Germany's biggest lender, has been engulfed by crisis after being handed a demand for up to $14 billion earlier in September from the US authorities for misselling mortgage-backed securities. The final amount of the settlement could be slightly different, the source said. Benchmark U.S. crude oil rose 41 cents to $48.24 a barrel in NY, and it rose 8 per cent over the last three days.

by | October 02, 2016 | 04:06

Cognizant Technology Solutions Corporation's ( CTSH ), a part of Technology sector and belongs to Business Software & Services industry; ended its day with a gain of 0.20% and finalized at the price of $55.00. In terms of margins, Cognizant Technology Solutions Corporation has a gross margin of 40.10%, with its operating margin at 17.30%, and Cognizant Technology Solutions Corporation has a profit margin of 11.70%.

by | September 30, 2016 | 09:03

The November crude oil contract surged $2.38, or 5.3 per cent, to settle at US$47.05 per barrel after reports that OPEC countries were close to OK'ing a preliminary accord to limit oil production and support oil prices - despite lingering disagreements between regional rivals Saudi Arabia and Iran.

by | September 29, 2016 | 00:45

At about 0645 GMT, U.S. benchmark West Texas Intermediate for November delivery was down 12 cents at US$45.81 while Brent crude was down 24 cents at US$47.11. Zanganeh, while underlining that current market conditions are disadvantageous, said readiness is being shaped for stabilizing the oil market. In stark contrast, Saudi Arabia is now offering a deal, including its first output cut in eight years, to boost prices.

by | September 27, 2016 | 01:00

Forbes notes that Twitter's live streaming deals with the National Football League and NBA are likely attractive to Disney, but as Recode discussed earlier this month , while an acquisition of Twitter might be highly attractive to an Old Media company like Disney, it comes with a pretty steep price tag for media companies, likely north of $18 billion.

by | September 26, 2016 | 00:54

The damaged section of the 1.3 million-barrel-a-day line that connects the refining hub of the Gulf Coast to the East Coast has been shut for more than 12 days. Hundreds of Colonial employees and contractors have been working around the clock to respond to the spill, but hazardous fumes from the spilled gasoline limited the response activities around the site of the leak.

by | September 26, 2016 | 00:53

Twitter's stock is soaring following a report that it may be moving closer to selling the business, Friday, Sept. 23. In fact, Salesforce tried to buy LinkedIn, but was outbid by Microsoft . This is not the first time that Twitter has been at the center of rumors regarding a possible buyout and previous reports have claimed a possible sale to various technology companies across the globe.

by | September 26, 2016 | 00:46

They noted the perception gap between the Fed and the market has "narrowed somewhat". The central bank appeared more confident on Wednesday, saying in its statement that near-term risks for the economic outlook "appear roughly balanced". From Sept. 8 to 15, the US two- to 10-year yield spread spiked around 20 basis points, while 10-year Bund yields rose above zero for the first time since June.

by | September 25, 2016 | 00:08

The BoE's Financial Policy Committee (FPC) released the minutes for its September 20 meeting on Thursday and noted that the financial system has demonstrated "resilience to spikes in uncertainty and risk aversion" in response to the results of the June 23 referendum but remained cautious towards the outlook.

by | September 25, 2016 | 00:04

The yield has dropped 12 basis points, or 0.12 percentage point, this week, the most since July 8. The S&P 500 index showed 27 new 52-week highs and no new lows, while the Nasdaq recorded 115 new highs and nine new lows. The Federal Reserve raised interest rates for the first time in a decade last December but has since stood pat. It is possible that if economic data shows that the USA economy is deteriorating that the Fed will hold off on increasing rates altogether this year.

by | September 24, 2016 | 07:12

If you've got one of the first batch of notes with serial numbers starting with AA01, you could have your hands on a collector's item and make around £200. Have you got a new fiver yet? The first notes left distribution centres just after midnight on September 13 to be distributed to cash machines nationwide.

by | September 23, 2016 | 01:57

Rolls-Royce said earlier this month that Simon Kirby, now at HS2, will join the firm as chief operating officer. His earlier career was spent working internationally in a number of senior positions at British American Tobacco, also at Forte, the Civil Aviation Authority and PriceWaterhouse Coopers.

by | September 21, 2016 | 02:41

Eighteen soldiers died in Sunday's attack, which was the worst of its kind to hit the divided Himalayan region in more than a decade and has increased hostility between the nuclear-armed neighbours. As Pakistan lobbies for the support of the global community on the Kashmir issue - the main agenda of Prime Minister Nawaz Sharif's speech at the UNGA on Wednesday - Kashmiris from across the border will protest to "express their solidarity" with people of the valley, said Sultan Mahmood Chaudhry, ...

by | September 21, 2016 | 02:37

Perhaps as a result of its Cleveland roots , the shop hosted a series of swanky events at the Republican National Convention in July - including a reception featuring Boehner and former Senate Majority Leader Trent Lott (R-Miss.), who has done lobbying work for Russian Federation and other clients for Squire Patton Boggs.

by | September 21, 2016 | 02:40

Ban said he was proud that UN Women was established under his watch and drew loud applause when he said: "I am proud to call myself a feminist". NATO Deputy Secretary-General Alexander Vershbow estimated that there had been about a dozen in the past two years.

by | September 21, 2016 | 02:38

EPS ratio considered by looking at last twelve month figures is 1.04. "After we become one company, we expect to run parallel loyalty programs while we engage in the complicated work of integration", Sorenson wrote in a letter to Marriott Rewards members earlier this year.

by | September 18, 2016 | 00:34

CELG holds price to earnings ratio of 45.07 that presents much better indication for a stock's value than the market price alone. It opened the session with a $3.39 price tag, later ranging from $3.33 to $3.47, the range at which the stock has traded at throughout the day.

by | September 17, 2016 | 00:45

The aide, attorney David Friedman, presented the Obama aide package as "a first step, with much more that still needs to be done". The memorandum of understanding seeks to prevent Israel from seeking more money for the 10-year duration of the current package, according to Sen.

by | September 15, 2016 | 07:11

That's the finding of the 2016 Kaiser/HRET Employer Health Benefits, released Wednesday. Mylan NV's prices for EpiPen allergy shots gained public attention as mounting deductibles forced increasing numbers of patients to pay the device's full cost, more than $600 for a pair.

by | September 14, 2016 | 00:18

The FT reported that 85 percent of those polled expect the central bank to refrain from a rate hike at a meeting next week. Until the recent comments, investors had expected the Fed to delay a rate hike until December or later. Atlanta Fed President Dennis Lockhart, however, said current economic conditions called for a "serious discussion" on rates at the September meeting, according to media report.

by | September 13, 2016 | 06:39

But China's tea industry, which stands nearly ten times bigger than the country's coffee market at about 63.2 billion yuan ($9.5 billion), could pay off big-time for Starbucks , according to Bloomberg . The new Teavana line includes drinks like black tea with ruby grapefruit and honey as well as iced shaken hibiscus tea with pomegranate pearls. Starbucks noted that the tea market is quite large at $125 billion, and tea is the second most consumed beverage in the world after plain water.

by | September 11, 2016 | 01:36

Canada Post spokesperson Jon Hamilton doubts the threat of an overtime ban will pressure the Crown Corporation to back down, noting the two sides remain far apart on a number of issues. In a statement late Monday, CUPW said job action in the form of a refusal of overtime would begin in British Columbia and in the Yukon on Tuesday morning if no settlement was reached with Canada Post.

by | September 08, 2016 | 00:57

By comparison, household consumption grew by 0.4 per cent - just half the rate in the previous three months - and contributed just 0.2 percentage points to growth. The Australian government bonds rallied Wednesday as investors are pricing in a rate cut by November after examining third-quarter inflation numbers.

by | September 08, 2016 | 00:55

Shares rose 1.1% in the regular session in the stock market today, at 22.09. The stock is now trading at Distance from 20-Day simple moving Average of 0.17% whereas, Distance from 50-Day Simple moving average is 6.64 Percent and Distance from 200-Day Simple Moving Average of 29.96 percent.

by | September 07, 2016 | 02:55

This is the first overall No. 1 recruit in the Sean Miller-era, and this should solidify Arizona as Final Four contenders next season. He came to the United States from the Bahamas before the start of high school and enrolled at Balboa City in San Diego.

by | September 04, 2016 | 05:34

The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Having a price of $115.41, McDonald's Corporation (NYSE:MCD) traded 0.85% higher on the day. The ex-dividend date is Tuesday, August 30th. It is arrived at by taking into account the stock recommendations of 15 analysts. McDonald's Corporation (NYSE:MCD)'s highest estimates of price target are $140.00 and low forecast is $112.00 based on the opinion of 22 analysts.

by | September 02, 2016 | 00:38

Finance Minister Bill Morneau, who is travelling with Trudeau in Beijing, said Ottawa believes the bank will make an important impact on the global economy, and therefore the Canadian economy, through infrastructure investments. In particular, the Liberals feel they need to catch up with other countries that have developed or established stronger ties with China in recent years.

by | August 31, 2016 | 00:54

All but one of them sell fuel under the Shell , Chevron or Cracker Barrel brand names and 12 include quick-service restaurants. Of the 53 sites, Couche-Tard would own the land and building for 47 locations and would assume or enter into leases for the remaining 6 locations.

by | August 30, 2016 | 01:24

The Pure Michigan 400 takes place today at 2:16PM ET from Michigan International Speedway in Brooklyn , Michigan . Elliott's lead, though, was erased by the fourth and final caution of the race inside 15 laps to go. Chase Elliott: Another frustrating afternoon at MI for the rookie; he also finished second in the June race. Fans walking along pit road at the Pure Michigan 400 .

by | August 27, 2016 | 03:47

George said she would support paring down the Fed's $4.5 trillion balance sheet by first stopping reinvestment of maturing securities. However, he said, for negative rates to be fully effective, paper money would have to be made more costly to hold or else be abolished altogether in favor of electronic currency.