Finance


AstraZeneca share price suffers biggest ever drop on drug trial results AstraZeneca share price suffers biggest ever drop on drug trial results
- July 27, 2017

That put the company on track for its worst fall since its predecessor Zeneca listed in 1993. Some analysts said investors would now focus on whether AstraZeneca will become a target again, although banking sources said Pfizer was unlikely to return and others, including Novartis , might be deterred by the weak growth outlook. (more...)
RBI stops printing Rs 2000 notes; focus on Rs 200 notes RBI stops printing Rs 2000 notes; focus on Rs 200 notes
- July 27, 2017

Instead, there were only Rs 500 notes. As per the latest inference from the economists in the country, the government will withdraw Rs 2,000 note unexpectedly, as it happened in the demonetization of 500 and 1000 rupee notes on November 8. (more...)
Sensex, Nifty retreat from record highs on F&O expiry Sensex, Nifty retreat from record highs on F&O expiry
- July 27, 2017

The Nifty of the National Stock Exchange (NSE) gained 56.1 points to close at 10,020.65. Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined. The rupee also rose to 64.07 against the U.S. dollar. Both Sensex and Nifty were trading at a new life time high. Foreign portfolio investors (FPIs) sold shares worth a net Rs 60.60 crore on Wednesday, as per provisional data. (more...)
Nitish Kumar sworn-in as Bihar CM for 6th time Nitish Kumar sworn-in as Bihar CM for 6th time
- July 27, 2017

Nitish Kumar , who has a clean image, could not stand with the rigidness of Tejashwi Yadav to continue in the cabinet and he was left with no choice but to resign himself. According to Scroll.in number of Congress MLAs are in touch with JD (U) and vice versa for Nitish. Union Health minister J P Nadda and BJP leader Anil Jain were present at the brief ceremony where only Kumar and Sushil Modi were sworn in. (more...)
Lloyds takes near £1bn hit for failures on PPI and mortgage arrears Lloyds takes near £1bn hit for failures on PPI and mortgage arrears
- July 27, 2017

The repayments will apply to customers who incurred fees between January 2009 and January 2016 and will include any interest that was incurred, as well as an additional 8% in interest for customers who were deprived of funds. Lloyds has, on several occasions, insisted there would be no more bad news on PPI. Total income increased 4% to £9.3bn, including a 2% rise in net interest income and an 8 basis-point gain in the net interest margin to 2.82%. (more...)
Police were right to shoot - florist Police were right to shoot - florist
- July 27, 2017

He said he saw the florist, who has worked at the station for decades, covered with blood. Florist Manuel Theoharas has spoken of his ordeal when a man who was fatally shot by police on Wednesday entered his store. Police shot the man after a short confrontation, in which witnesses described police ordering a person to put down their hands. Police shot him several times in a deadly confrontation. (more...)
New Home Sales Rise In June New Home Sales Rise In June
- July 27, 2017

Over that period, sales in the Northeast and West were up by 41.4 percent and 33.3 percent, respectively, while new-home sales in the Midwest were down by 12 percent and up by only 0.9 percent in the South. The median house prices declined to $310,800 for the month for an annual decline of close to 3.5%, although the average sales price increased 4.2% over the year. (more...)
Taco Bell, Lyft to offer 'ride-thru' meals Taco Bell, Lyft to offer 'ride-thru' meals
- July 27, 2017

According to the press, the stated explanation for the partnership on the Taco Bell side has already people often request for a Taco Bell pit stop. The lawsuit was since closed and Taco Bell disclosed its meat is actually 88 percent meat and 12 percent "other stuff", but that doesn't mean it isn't an unauthentic, rip off of Mexican food that the literal country of Mexico thinks is a joke . (more...)
United Nations condemns killing of two peacekeepers in Central African Republic United Nations condemns killing of two peacekeepers in Central African Republic
- July 27, 2017

Attacks by Antibalaka militias in Bangassou to the east of the capital Bangui in the Central African Republic, have caused half of the population to flee. The UN Security Council and the UN Secretary General António Guterres condemned, in separate statements, this aggression, noting that attacks against peacekeepers may constitute war crimes. (more...)
Axis Bank acquires Freecharge for Rs385 crore Axis Bank acquires Freecharge for Rs385 crore
- July 27, 2017

The bank recovered another Rs 37 crore in July, and the remaining amount is likely to be recovered in the July-September quarter, Rana Kapoor said. Although Bandhan Bank was not directly involved as it did not extend farm loan, but advances were made in allied agriculture like fisheries, milking cows and vegetable growing. (more...)
Now oil prices are nearing $51 as United States inventories drop Now oil prices are nearing $51 as United States inventories drop
- July 27, 2017

The EIA reported that gasoline inventories fell by 1 million barrels last week. September crude rose 56 cents, or 1.2%, to $48.45 a barrel on the New York Mercantile Exchange. This marks a 5 percent increase over the same period in 2016. At the beginning of this year, analysts predicted in a Platts outlook for 2017 that at an average barrel price of US$55 this year, Chinese crude oil production would continue to drop, by around 5 percent compared to last year. (more...)
Oil Tankers Association goes on countrywide strike Oil Tankers Association goes on countrywide strike
- July 27, 2017

All Pakistan Oil Tankers Association kick-started countrywide strike saying, "The allegations of challan is leveled against them from place to place on roads despite the safety rules are put in practice". More than two hundred people had lost their lives just a day before Eid in the tragic incident. Last month's accident in the eastern province of Punjab was triggered by a fireball caused by a leak from a tanker carrying fuel, killing villagers who had flocked around in hopes of salvaging ... (more...)
Axis Bank acquires FreeCharge for Rs 385cr Axis Bank acquires FreeCharge for Rs 385cr
- July 27, 2017

The corporation will be obtaining hundred percent equity capital in an all-cash deal of Rs 385 crore. Earlier, we had reported that Axis Bank was among the frontrunners for the acquisition of the online payments platform from troubled eCommerce marketplace Snapdeal. (more...)
Samsung's Q2 net profit hits record high Samsung's Q2 net profit hits record high
- July 27, 2017

South Korea's largest company reported Thursday record high quarterly profit and sales that likely will help it nudge aside Intel as the leading maker of semiconductors. However, competition is expected to intensify with new smartphone models to be released by competitors. Samsung is also upbeat about its business in the second half of the year. (more...)
HTC announces standalone VR headset for Chinese market HTC announces standalone VR headset for Chinese market
- July 27, 2017

The Standalone Vive VR headset from HTC will further support apps from the company's in-house Viveport store , and will not rely on Google's Play Store the way a certain Daydream-ready headset does. "We are thrilled to work with HTC's Vive team as they utilise our rich feature set to create exciting, new VR experiences in the first truly mobile VR headset of the Vive ecosystem". (more...)
Ford beats on second-quarter earnings (F) Ford beats on second-quarter earnings (F)
- July 27, 2017

Additionally, Ford has also upgraded its earnings forecasts for the full year, now estimated between US$1.65 to US$1.85 per share. This was up from $39.49 billion past year. On a per share basis, net earnings rose to 51 cents from 49 cents. Other regions in total broke even. Ford brought in almost $40 billion in revenue for the quarter, even as the USA market, which has boomed for the past two years, appeared to moderate. (more...)
Trader's Round Up: Coca-Cola Company (NYSE:KO) Trader's Round Up: Coca-Cola Company (NYSE:KO)
- July 27, 2017

The stock of The Coca-Cola Co (NYSE:KO) has "Buy" rating given on Tuesday, January 12 by Stifel Nicolaus. While the company's share hit the 52 week high on 06/06/17 stationing the value of $46.06. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/07/26/weatherly-asset-management-l-p-raises-position-in-coca-cola-company-the-ko.html. (more...)
'Growth becoming harder to come by': UK GDP expands 0.3% in Q2 'Growth becoming harder to come by': UK GDP expands 0.3% in Q2
- July 27, 2017

Of the three major sectors of the economy, only services grew during the three-month period which ended in June; it grew by 0.5%, while industrial production fell by 0.4% and construction shrunk by 0.9%. So far sterling seems little affected, trading at $1.3013 while the FTSE 100 is up 42 points so far at 7,477. The brighter second-quarter performance for the services sector was driven by the retail and the film industry. (more...)
Elon Musk's Silly Tunnel Project Has An Elevator Now Elon Musk's Silly Tunnel Project Has An Elevator Now
- July 27, 2017

A dispute between two representatives of Silicon Valley unfolded in that time, Musk called artificial intelligence and a threat to humanity. Mr Musk tweeted: "I've talked to Mark about this". Many people have a fear of a Terminator-style dystopia where robots and computers take over from humans. "I'm just much more optimistic on this, in general, than probably a lot of folks are". (more...)
Hulu, YouTube Included In Nielsen's C3/C7 Digital TV Ratings Hulu, YouTube Included In Nielsen's C3/C7 Digital TV Ratings
- July 26, 2017

Combining digital viewing of eligible Live, DVR and On-Demand TV on Hulu's live service and YouTube TV with traditional linear audience metrics, Nielsen will capture audiences watching linear TV through these services on desktop, tablets and smartphones. (more...)