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Business

Global Bond Rout Returns as OPEC Deal Sparks Inflation Concerns

Right now, these companies have a low "net interest margin" - the difference between the interest they earn and the interest they pay out. Thursday's selling has the 2-year yield at its highest level since the fourth quarter of 2009 as traders continue to price in a Fed rate hike at the upcoming meeting on December 13/14.

Business

Berenberg Bank Reiterated Unilever PLC (LON:ULVR) As 'Buy'

The stock now has an average rating of Hold and an average price target of GBX 565.33 ($7.06). Over the last 30 and 90 trading days the company share price has increased 19.2 points and decreased 0.5 points respectively. The Company also owns Dorma brand. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 0.53%. The shares were bought at an average cost of GBX 668 ($8.29) per share, with a total value of £15,230.40 ($18,893.93).

Business

Oil prices rise further after Opec agrees output cut

Iraq, whose oil revenues make up almost 95 percent of its budget, has been reeling under an economic crisis since late 2014, when oil prices began their descent from a high of above $100 a barrel. The reason why oil prices have been allowed to slide during the last few years is because Saudi Arabia has been trying to re-establish its position, one it enjoyed in the 1970s and 80s, as the global oil market's "swing" producer - the one which, by raising or cutting production, has ultimate ...

Business

Kellogg Dumps Breitbart; Breitbart Launches #DumpKelloggs Campaign

And, as is Breitbart's wont, they are going after Kellogg's in the most ideological and hyperbolic manner possible, railing against the company for having a liberal political agenda. The move is a response to the food giant pulling advertising from Breitbart , which is not "aligned with our values as a company", spokeswoman Kris Charles told the AP Tuesday .

Business

Danish shipping group acquires German container company

Maersk Line , the world's largest ocean carrier, has agreed to acquire Hamburg Süd from the German conglomerate Oetker Group . Maersk says Hamburg Sud operates 130 container vessels and has almost 6,000 employees in more than 250 offices worldwide.

Business

Giant sinkhole sinking again in Japan's Fukuoka

Workers dumped about 7,000 cubic metres, or about 2,000 trucks' worth, of soil containing cement into the sinkhole to reopen the road in a week. However, after investigation, they've said that intersection won't sink any further as they expect some of the cement to move as it settles.

Business

Analysts Estimates and Ratings: Synchrony Financial (NYSE:SYF)

The ROA for Synchrony Financial tells us exactly what earnings were generated from the invested capital. The mean price target for the company's stock is $94.05 while the highest price target suggested by the analysts is $107.00 and low price target is $83.00.

Business

Veterans to add voices to pipeline protest

North Dakota governor Jack Dalrymple has ordered an evacuation of Standing Rock protest sites, New York Magazine reports. "I do not believe my ancestors would have signed the treaty had they known that the treaty will one day be turned against us".

Business

Donald Trump close to naming congressman Tom Price as health secretary

If confirmed by the Senate, Price and Verma will play a central role in overhauling the health care insurance law better known as Obamacare, the signature domestic legislative achievement of President Barack Obama, once the Trump administration takes office on January 20.

Business

Dozens arrested in minimum wage protests across the US

The Fight for $15 kicked off on November 29, 2012, with a fast food strike in New York City. Workers from fast-food chains, airports and other service industries rallied in U.S. The union-backed effort drew hundreds to a protest in Minneapolis, during which 24 were arrested. There has been a tremendous amount of debate across the country with regard to raising the minimum wage and places like California, parts of Washington State, and NY have all pushed legislation through that will ...

Business

Toyota Teases 2018 Camry

In contrast, internet spy photos of the upcoming 2018 Camry show shoulder-like curves beneath the back window, and a hood that plunges toward a grille that stretches nearly all the way across the auto. But they concede the auto may soon be outsold by the RAV4 SUV. But the auto still is solidly in first place as the most popular vehicle in America that isn't a pickup truck.

Business

Dow Hits Above 19K for the 1st Time Ever

The Nasdaq composite gained 16 points, or 0.3 percent, to 5,384. Volume was lighter than usual, with many market participants heading out early ahead of the U.S. It took the index nearly 5,200 days to go from 1,000 to 2,000 between 1972 and 1987, and the fastest was 35 days to 11,000 in May 1999. "Stocks are no longer stuck in that frustrating range and we've finally broken through to new records".

Business

Berenberg Bank Reaffirmed "Hold" Rating for Tesla Motors Inc. (TSLA)

The company has an average rating of "Hold" and a consensus price target of $250.47. The Virginia Automobile Dealers Association has fought to prevent Tesla from expanding in the state. On Tuesday, November 22 the insider Straubel Jeffrey B sold $6.38 million. In these comments on non-GAAP measures, the SEC says that this measure can not be presented in documents filed with the Commission.

Business

Samsung Considers Splitting Into Two

The company was shy on details, however, offering no timeframe. It will invite one new independent member to the company's nine-person board and create a new governance committee comprised of independent board members. "I don't think Samsung said much that was surprising or beyond what investors already had in mind", said HDC Asset Management fund manager Park Jung-hoon.

Business

How Did Australian Retailers Fare Over Black Friday And Cyber Monday?

Recently, Seeking Alpha analyzed Adobe Digital Insights' (ADI) this year's online shopping data for Cyber Monday. According to the respected company, this will mark the largest online sales day in history , surpassing Black Friday ($3.34 billion) by a narrow margin.

Business

Veterans to form human shield at Dakota pipeline protest

A spokeswoman for the department later clarified that they'd only stick to punishing trespassers. "There is not going to be any blockade of supplies", spokesman Jeff Zent told Reuters . The civil rights complaint said there were no orders to disperse or warnings issued before local police turned water cannons and tear gas on the protest.

Business

AAA Warns About OPEC Production Cut

Rising oil and gas prices are a reaction to OPEC's Wednesday announcement that the oil-producing nations plan to cut production by 1.2 million barrels in an attempt to reduce global glut and raise oil prices. USA crude (West Texas Intermediate) prices closed Wednesday at $49.44 per barrel, up $4.21 - more than 9 percent. This year's highest average was seen on June 11 of this year at $2.389.

Business

Seahawks and Panthers meet for 7th time in 5 years

They'll be looking for revenge after the Panthers ended their season in the 2015 divisional round playoff with a 31-24 decision in Charlotte. "It doesn't look like you're going to be in the playoffs this year". the Bucs due to injury. -Seahawks RG Germain Ifedi vs. Panthers DT Kawaan Short. PLAYER SPOTLIGHT: Panthers OT Trai Turner. A surprise return could be running back Troymaine Pope who suffered a high-ankle sprain after week 11, which normally takes multiple weeks to heal.

Business

Trump says to leave business 'in total'

Bush, said in a joint statement. Donald Trump is now both president-elect of the United States and chair of the Trump Organization, his vast business that includes real estate development projects around the world. Although Romney's own 2012 presidential campaign foundered partly because he was tagged as a member of an aloof elite, Trump is considering him as a possible secretary of state.

Business

Samsung considers splitting business in two

The U.S. activist hedge fund, which tried unsuccessfully to stop a controversial merger of two Samsung companies past year, urged Samsung to review splitting it up into a holding company and an operating company, to list in the U.S. Repurchased shares will be cancelled, it said. It said it is seeking to add at least one new board member with CEO experience before its annual meeting in March 2017.

Business

Petrol hiked by 13 paise a litre, diesel cut by 12 paise

With the revision coming into play, petrol now stands at Rs. 66.10per litre as against 65.97 per litre hitherto and diesel will now retail at Rs. 54.57 as against Rs. They said the OMCs have gone all out to convince the government to approve the increase in POL prices, partly due to import of RON 92 petrol to the country.

Business

Local shoppers happy with Black Friday bargains

While Warren and Powell may be wily veterans of Black Friday shopping, for Nashville resident Angie Bond, this was her first time going out for the annual shopping event. "We can't wait to join the excitement of what has become a favorite holiday tradition for many of our guests when we open our doors to greet them at 6 p.m.

Business

Disney's 'Moana' makes a splash at U.S. box office

It unseated the Harry Potter spin-off 'Fantastic Beasts and Where to Find Them , ' which fell to second place in its second weekend in theaters, chalking up $45.1 million for a total of $156 million so far. The holiday weekend was the sixth biggest Thanksgiving at the box office, according to comScore, and was up 4-5 percent from past year. The studio, which had box office highs in the late '90s with "Mulan" and "Tarzan", saw sales dip for nearly a decade.

Business

Disney's 'Moana' makes a splash at U.S. box office

It unseated the Harry Potter spin-off 'Fantastic Beasts and Where to Find Them , ' which fell to second place in its second weekend in theaters, chalking up $45.1 million for a total of $156 million so far. The holiday weekend was the sixth biggest Thanksgiving at the box office, according to comScore, and was up 4-5 percent from past year. The studio, which had box office highs in the late '90s with "Mulan" and "Tarzan", saw sales dip for nearly a decade.

Business

Oil jumps 8% as OPEC agrees to production cut

The S&P Midcap 400 was up 0.2% to 1633, also off its session best, and led by oil stocks as well, with Wpx Energy (NYSE:WPX) crowned the top gainer of 17.9% to $14.36. Playing tribute to "a historic moment", Al-Sada said Wednesday's move "will definitely balance the market and help (in) reducing the stock overhang".

Business

US consumers should feel muted impact from rising oil price

Rising output from Libya and Nigeria - both exempt from cuts - will push OPEC production beyond the quota next quarter, while "it will be very hard to get 100 percent compliance from non-OPEC countries", he said. "A stronger pound can have the reverse effect". The market was boosted by the release of OPEC deal details. The group had failed to reach an agreement over a number of meetings this year, including one in April when efforts were foiled by rivalry between Saudi Arabia and Iran.

Business

US consumers should feel muted impact from rising oil price

Rising output from Libya and Nigeria - both exempt from cuts - will push OPEC production beyond the quota next quarter, while "it will be very hard to get 100 percent compliance from non-OPEC countries", he said. "A stronger pound can have the reverse effect". The market was boosted by the release of OPEC deal details. The group had failed to reach an agreement over a number of meetings this year, including one in April when efforts were foiled by rivalry between Saudi Arabia and Iran.

Business

OPEC cuts will have a muted effect on consumers

A decision to cut production could have a lasting impact on consumers, as oil price increases feed into the cost of auto fuel, heating and electricity. Oil prices have risen steadily on news that OPEC has agreed its first cut in production since 2008. "The losers are Europe and Japan - oil-importing regions of the world" with barely growing ecomonies, said Guatieri.

Business

Stocks Mixed as OPEC Deal Boosts Energy Shares, Biotech Sinks Nasdaq

Earlier on Wednesday at a meeting in Vienna, the OPEC reached a deal to cut the cartel's oil output by 1.2 million barrels per day from January 1, 2017, with a ceiling of oil production at 32.5 million barrels per day. "The biggest winners from the agreement are United States shale producers, who will expand production as prices rally". "The production trend has been higher".

Business

Oil eases in Asian trade after OPEC cut

That has been the flawless bearish storm that lead oil prices to plunge -75% from late 2014 thru early 2016. In October, OPEC supply stood at almost 1.3 million bpd above a year ago. The market shrugged off data released early on Thursday that showed Japanese companies cut spending on plant and equipment in July-September by 1.3 percent from the same period past year, the first annual decline since early 2013, a sign capital expenditures and corporate confidence remain lacklustre.

Business

Russian Federation ready to join OPEC's new output freeze deal: minister

Key OPEC member Saudi Arabia said it was prepared to accept "a big hit" on its own production and agree to arch-rival Iran freezing output at pre-sanctions levels. The price of oil has mostly traded between $40 and $50 a barrel since early April. There is still more supply than demand - the reason oil prices collapsed beginning in mid-2014.

Business

Iran welcomes OPEC production cut decision

However, the news is already affecting the market. Following the announcements, the price for Brent crude futures, the Global benchmark for oil prices, shot up over 10 per cent from below $50 on Wednesday to $51.92 per barrel at 0256 GMT.

Business

OPEC agrees to cut 1.2mb/d from January

The much anticipated headline is out and, as Bloomberg reports, OPEC has reached a deal agreeing to cut oil production by 1.2 million barrels per day to 32.5mmbpd from the current level of 33.6mmbpd, according to a delegate. If their actions lead to an increase in the price to a band of $50 to $60, what kind of shale response would we get? For the next four hours, their discussions will include attempts to come to a compromise on production levels to help boost oil prices.

Business

OPEC agrees to take 1.2 million barrels oil cut per day

Russia, which is not a member of OPEC, has agreed to reduce its oil production by 300,000 barrels a day, but Iran, which has increased its oil production to about 3.7 million barrels a day since sanctions were lifted in January, has indicated that it plans to ratchet up production even more to 4.8 million barrels a day by 2021.

Business

UK Nationwide House Price Growth Eases In November

The FTSE 250 company said that its pre-tax profit increased 64pc to £84.2m in the 12 months to September 30. House prices increased last month at the weakest annual rate since January, according to Nationwide, although there are signs that demand in the market is beginning to improve.


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