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Lloyds Banking Group PLC

Lloyds announced in a statement to the London Stock Exchange this morning that the Treasury's holding in the group had dropped to below seven percent. There are 5 sell ratings, 9 hold ratings, 14 buy ratings on the stock. The stock presently has a consensus rating of "Hold" and an average target price of $3.50.

Business

High Bridge Under Johor Bahru-Singapore RTS To Be Finalised Next Year

The two countries had in 2013 set the deadline for completion of the rail link for the end of this decade, with Najib calling it a "huge game changer" that will transform the way the neighbors do business. The remaining service will be a domestic one from KL to Iskandar Puteri, with five stops en route, comprising Putrajaya , Seremban, Ayer Keroh, Muar and Batu Pahat.

Business

Non-Opec countries agree to cut oil output to ease glut

That strategy has now failed. "Once you begin to trend past the mid-$60s, you're going to have a surfeit of shale producers jump back into the market". There have been a huge amount of jobs lost in the oil industry since United States production boomed, and not a lot of investment. "I can tell you with absolute certainty that effective January 1 we're going to cut and cut substantially to be below the level that we have committed to on November 30", he said, according to media reports.

Business

Japanese brewer Asahi to buy East Europe beer brands for $8B

Asahi's sales outside of Japan account for around a fifth its total revenue, and a successful deal to buy SABMiller Eastern European assets would be the biggest ever made by the Tokyo-based company. "The target business is highly compatible with our existing business in western Europe and will strengthen our platform, allowing Asahi to grow sustainably across Europe", the Japanese brewer said in a statement.

Business

The sectors expected to hire in Singapore Q1 2017

Lyndy van den Barselaar‚ Managing Director of Manpower SA‚ explains the beginning of the year often remains a high tourist season for the local market off the back of the year-end spike‚ which explains why the hiring prospects have remained relatively stable.

Business

Tesco grows United Kingdom market share for third straight month - Kantar Wor

Sales of supermarkets' premium ranges in the United Kingdom have risen sharply, as shoppers spend 13 per cent more on top of the line ranges than a year ago. McKevitt added that despite anticipation of higher prices, consumers have not yet felt the effects of rising inflation, with a typical basket of everyday groceries 0.1% cheaper that this time past year.

Business

Uber employees 'helped ex-boyfriends stalk their ex-girlfriends'

These were really just pretexts for firing someone who's not only relatively older (currently 45 years old), but who blew the whistle on shoddy security practices. Spangenberg tells Reveal that Uber employees generally ignored the pop-up warning alerting them that their activity was being monitored. While employees who are caught tracking customer data without permission are fired, Spangenberg told Reveal that "if you knew what you were doing, you could get away with it forever".

Business

Aflac Inc. (AFL) Director Joseph L. Moskowitz Purchases 1000 Shares

The company's price sits -1.90% below from its 50-day moving average of $70.41 and 0.36% far from the stock's 200-day moving average which is $71.41. However the company's price to cash per share for most recent quarter stands at 5.39. Wells Fargo & Co. initiated coverage on shares of Aflac in a report on Friday, September 23rd. Thrivent Financial for Lutherans now owns 14,260 shares of the company's stock worth $1,030,000 after buying an additional 37 shares in the last quarter.

Business

Key test for Tata, Mistry as TCS shareholders vote tomorrow

In a letter to the shareholders of Tata Steel, which has convened an EGM on December 21 to consider a resolution by Tata Sons to remove Cyrus Mistry and him as directors, Wadia said several allegations levelled against him were false, unsubstantiated and baseless.

Business

American Express will give all parents 20 weeks of paid leave

That's a big shift from the company's current policy of offering six weeks of paid leave for the primary parent plus another six to eight weeks for birth mothers who require medical leave. Both full-time and part-time employees will be eligible. Added to all of the above, beginning in January, expectant parents will have access to a parent concierge, who will help employees understand and navigate parental leave and the wide array of parental resources and programs available to them.

Business

Have travel plans? Prepare for cold rain and snow

The slick roads led to several traffic crashes during the snow and ice events. Willamette Pass Resort reported a snow depth of 38 inches at the lodge Monday . More than 1,300 flights at Midway and O'Hare were canceled. "For the rest of the day the best advice is just to stay off the road if you can, and otherwise go slow and give yourself more time to reach your destination", National Weather Service meteorologist Mark Steinwedel told motorists in the Midwest.

Business

China Industrial Output Jumps 6.2% In November

Electricity output surged by 7% year-on-year, rising to 503.4 billion kilowatts. That is often because of the lag between when developers book sales and when they break ground to replenish stock, which means new construction activity can show up in months later, economists say.

Business

Apple in talks to invest $1 billion in SoftBank tech fund

SoftBank itself is investing about $25 billion and the Saudi Arabian government is expected to contribute $45 billion. Just last week, SoftBank chief Masayoshi Son said during a meeting with President-elect Trump that he plans to invest $50 billion of the fund's assets in the US, creating 50,000 jobs in the process.

Business

Bulgarian cargo train explosion kills 4 after smashing into buildings

Nikolay Nikolov, who heads the country's firefighting department, said at least 20 buildings in the village of Hitrino were destroyed when containers of gas exploded at 5-40 a.m. Prime Minister Boiko Borisov has appealed for blood donations at the local hospital treating the injured. "There will be more casualties", Mr. Borisov told reporters.

Business

Oil prices soar as non-Opec countries agree cuts to production

Russian Federation and 10 other states on Saturday said they will reduce their production by more than half a million barrels per day (bpd), the Organization of the Petroleum Exporting Countries announced. And OPEC has also been successful in convincing other producers to join in the cuts. "OPEC is playing Wall Street very well", Stephen Schork, president of the Schork Group Inc., a consulting company in Villanova, Pennsylvania, said by phone.

Business

Trump taps Goldman Sachs president as director of National Economic Council

In a statement, Trump says Cohn will "put his talents as a highly successful businessman to work for the American people". Trump's pick comes despite his past criticism of the financial sector's power. A Goldman Sachs spokesman was not immediately available for comment. He follows fellow former Goldman executives Robert Rubin and Stephen Friedman, who both previous ran the NEC.

Business

Wall Street drifts lower as financial, tech stocks drag

Gains in petroleum-linked shares pushed the Dow to a fresh record Monday, but the S&P 500 and Nasdaq fell on weakness in technology and defense stocks. The Dow rose to a record-high 19,824.59, while the S&P 500 climbed to a record 2,264.03 before retreating. The healthcare sector was the biggest boost to both the S&P 500 and the Dow industrials.

Business

Wells Fargo scandal grows to include Prudential insurance polices, suit alleges

The 29 analysts offering 12-month price forecasts for Wells Fargo have a median target of 55.00, with a high estimate of 65.00 and a low estimate of 44.00. Numerous customers, who often had Hispanic last names, didn't know what they had purchased, Bloomberg reported, citing a lawsuit the employees filed in New Jersey state court.

Business

UK's Hammond backs Brexit transition, says would help EU too

Speaking on Monday, Hammond - considered to be one of the most prominent advocates of a so-called "soft" Brexit - said a transition could be used to phase in the terms of a deal successfully negotiated during the two-year divorce period, or to bridge the lack of a final settlement.

Business

Long Term Growth review of General Motors Company (NYSE:GM)

Institutional investors and hedge funds own 54.26% of the company's stock. 1832 Asset Management L.P. raised its position in Ford Motor by 21.5% in the second quarter. The experts have a positive EPS target of $1.9 for the company while the lowest estimate for the year is set at $1.48 year. It has met expectations 0 times and missed earnings 4 times.

Business

British police say six arrested in anti-terrorism raids

The unit was supported by officers from Derbyshire, Staffordshire and the Metropolitan Police. Here is an earlier report about the four who were arrested in Derby . Local officers will be patrolling the areas to speak to anyone with concerns, police said. Steven Allen, 32, who lives in the road, said: "I've just come out of my flat, saw a police vehicle there, thought it a bit odd".

Business

Changes but No Clarity at Alexion

Alexion said in a statement that CEO David Hallal resigned for personal reasons, while CFO Vikas Sinha left to pursue other opportunities. Entering 2016, the company employed more than 2,900 people, with its New Haven headquarters more than twice the size of its next biggest facility in Dublin, and the company also having locations in Rhode Island, Massachusetts, Georgia, and Switzerland.

Business

Analysts Recommendations: The Coca-Cola Company (NYSE:KO)

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 9 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating to The Coca-Cola Company (NYSE:KO) stock. ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. "(KO) Given Buy Rating at Morningstar Inc." was reported by Community Financial News and is the sole property of of Community Financial News.

Business

US 10-year yields hit more than 2-year high on

More recently, it was up 2.9 basis points to 2.494%. Yields on German bunds maturing in 10 years, the European borrowing cost benchmark, rose 7 basis points to 0.42% while 10-year Gilt yields traded past 1.5% for the first time since May. (1630 GMT) and $20 billion in 10-year notes at 1 p.m. (1800 GMT). Of course the 10-year is testing this key level ahead of the upcoming FOMC interest rate decision, which will be announced on Wednesday.

Business

Troubled Italian bank MPS presses search for private capital

Many bondholders are small-time investors who may not have been fully aware of the risks. The opposition, anti-establishment Five-Star movement, which is ahead in opinion polls, has accused Renzi of dragging his feet on a nationalization of Monte dei Paschi it says should have taken place months ago.

Business

Italy's largest bank sells unit to bolster capital buffers

Amundi SA agreed to buy Pioneer Global Asset Management from Italy's UniCredit SpA, accelerating the French company's growth in the United States and European markets, including Germany and Austria. Credit Agricole SA will underwrite the rights offer and pledged to keep a stake of at least 66.7 percent in Amundi. Mustier also lauded the distribution partnership: "Thanks to a long term distribution agreement, UniCredit's customers will have access to an extended range of quality products and ...

Business

Mamata Banerjee to PM Modi: How many more lives will be lost?

The TMC said that after failing to fight Banerjee on her stand on demonetisation, the BJP has started spewing "dangerous personal threats to the Bengal CM". 'The BJP are desperate to silence the voice of opposition. Tell me, we have our government there. So, they are indulging in cheap low level politics.

Business

Man arrested after train passenger stabbed at Forest Hill station

One Twitter user wrote: "The perpetrator is now ranting on the streets". Police have now confirmed one man has been arrested on suspicion of grievous bodily harm (GBH) and a second taken to hospital following the incident. After that, people started edging towards the back of the train as the man walked along with the knife. One woman said she arrived at Forest Hill at about 1:30pm when she saw dozens of passengers fleeing the station.

Business

Lockheed falls as Trump tweets that F-35 program is costly

Mr. Trump frequently criticized the F-35 program on the campaign trail. And Trump appears to be a voracious consumer of the news, often tweeting relatively quickly after seeing something reported on TV. The aerospace giant's shares dropped about 4 percent in early trading after Trump's tweet, while shares of several other defense contractors also weakened.

Business

National Amusements ditches Viacom, CBS merger proposal

CBS stock was flat in pre-market trading. CBS shares were down 2.9 percent. It said at the time that a merger might offer "substantial synergies that would allow the combined company to respond even more aggressively and effectively to the challenges of the changing entertainment and media landscape".

Business

London House Prices Are Having Their Worst December in Years

However, this is slower than the 3.4 percent estimated growth this year. Asking prices fell by 2.1 per cent or £6,511 month-on-month, taking the average asking price to £299,159 in December, from £305,670 on November. It forecast growth of just two per cent nationally, and five per cent in inner London (where figures published yesterday showed average prices increased just 0.1 per cent in November ).

Business

May's spokeswoman says not appropriate to comment on Fox bid for Sky

Meanwhile, analysts at Citigroup characterised the offer as a "low-ball bid" in a note to clients, citing a fair value assessment of £13.50 a share. Reuters reported Sunday that a major shareholder is planning to vote against the deal out of concern that the price offered by Fox is too low.

Business

Venezuela is banning its biggest banknote amid smuggling and 2000% inflation

The government has promised to begin rolling out six larger denomination bank notes in the coming days, ranging in value from 500 to 20,000 bolivars. For Maduro, setting a short window for the notes to be exchanged will prevent those involved in organised crime from trading in their 100-bolivar notes, which will be out of circulation by Wednesday, for new currency.

Business

Bill Gates & Other Tech Industry Leaders launch $1 Billion Clean Energy Fund

A Massachusetts Institute of Technology study in July estimated that between 2006 and 2011 clean energy investors lost more than half the £25bn they put into the sector. The President-elect is scheduled to meet a small group of industry leaders in New York City later this week. Dubbed Breakthrough Energy Ventures (BEV), the 20-year fund is backed by 20 investors including Reliance Industries chairman Mukesh Ambani, venture capitalists John Doerr and Vinod Khosla, SAP cofounder Hasso ...

Business

Oxfam names world's worst tax havens

The full ranking of the world's top offenders is: (1) Bermuda; (2) the Cayman Islands; (3) the Netherlands; (4) Switzerland; (5) Singapore; (6) Ireland; (7) Luxembourg; (8) Curaçao; (9) Hong Kong; (10) Cyprus; (11) Bahamas; (12) Jersey; (13) Barbados; (14) Mauritius; and (15) the British Virgin Islands.


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