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Business

General Motors pulls back from European auto market

GM's Opel and Vauxhall brands, as well as the European arm of its financial division, were valued at roughly $2.3 billion in the transaction. Opel along with Vauxhall sold 1.16 million cars in Europe in 2016, adding up to only one-tenth of GM's total global sale figures.

Business

Donald Trump affirms US' ironclad commitment to stand with Japan, S Korea

The missile launches on Monday were not unexpected. The missiles landed in water some 300 miles from Japanese shores, sparking an immediate rebuke from the Japanese government even as the White House remained silent. China has historically been North Korea's most important ally, an economic and political lifeline to the outer world the Hermit Kingdom shuns. This move of North Korea has been criticized and described as "an extremely unsafe action" by the Japanese leaders.

Business

Australia dollar firms as RBA stands pat; NZ dollar on defensive

The weekly ANZ-Roy Morgan consumer confidence index is also released on Tuesday and will be the first response to the national accounts. "In his opening statement to the House of Representatives Standing Committee on Economics, Mr Lowe suggested that the current monetary policy setting remained appropriate for achieving sustainable growth in the economy".

Business

Magellan Petroleum Corporation (MPET) Reviewed By Analysts

Marathon Petroleum Corporation (MPC ) is a part of Basic Materials sector and belongs to Oil & Gas Refining & Marketing industry. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions.

Business

Performance of Emerson Electric Company (EMR) Compared to Index

The average numbers of shares are traded in a security per day, during the recent 3-month period. O Shaughnessy Asset Management LLC owned about 0.12% of Emerson Electric Company worth $51,098,000 as of its most recent filing with the SEC. The company had revenue of $3216.00 million for the quarter, compared to analysts expectations of $3148.40 million. Currently, the stock carries a price to earnings ratio of 17.45, a price to book ratio of 1.6, and a price to sales ratio of 0.81.

Business

Anurag Thakur says sorry to Supreme Court

Anurag Thakur has given an unconditional apology to the Supreme Court in connection with his initiation of contempt proceedings case, according to an ANI report. Lodha panel and amicus curiae Gopal Subramaniam, on the ground that neither the BCCI nor the State bodies have so far bothered to implement even one single recommendation of the panel.

Business

Centre tells SBI to put off fine over a/c balance

The government has now asked urged banks, including private ones to reconsider charges on cash transactions and ATM withdrawals above certain limits. However, another PTI report said the government has asked SBI to reconsider its decision to levy penalty on non-maintenance of minimum balance.

Business

Sinn Fein party makes gains on Democrats in Ireland election

The party has come within a seat of drawing level with the DUP, which came into the election with 10 more seats. The election was, in many, many ways, a watershed election. The results left the DUP two seats short of the 30-seat threshold required to deploy on its own a so-called petition of concern veto, something the party has used to block gay marriage.

Business

Korea to halt missile launches

Last week North Korea's vice foreign minister Ri Kil-Song visited Beijing for discussions. Davis said the launches coincided with the start of annual defense exercises between the United States and South Korea and "are consistent with North Korea's long history of provocative behavior often timed to military exercises that we do with our ally".

Business

RBA keeps cash rate on hold

Reserve Bank of Australia Governor Philip Lowe and his board left the cash rate at 1.5 percent following strong growth and trade performances in the final three months of a year ago. Consumption growth was stronger towards the end of the year, although growth in household income remains low". Board members kept the benchmark at 1.5 per cent, a record low, on Tuesday, the Reserve Bank said in a statement on Tuesday.

Business

Arun Jaitley says Arvind Kejriwal's defamatory statements a deflecting tactic

Jethmalani questioned Jaitley over the Rs 10 crore damage he has sought from Kejriwal, and asked: "You do not claim in this figure of Rs 10 crore that there is any loss of income or property (from Kejriwal's defamatory statement)". "I don't object to political statements but this was the first time a statement was made questioning my integrity", he told the court. The Aam Aadmi Party has maintained all along that the probe against the DDCA could have been explosive and that is why the CBI was ...

Business

IEA sees oil prices rising sharply by 2020, Birol says

At the time, the IEA said in a monthly report that it saw no significant rise in prices over the short term. US production growth will depend on price, Fatih Birol, executive director of the IEA, said on March 6 at the annual CERAWeek conference where the organization released the report, formerly known as the "Medium-Term Oil Market Report".

Business

Steps and Vengaboys announce Dublin gig

Series 2 of Steps Reunion titled " Steps: On the Road Again" aired on Sky Living in April 2012 and the series followed the band as they embarked on their sellout 22-date United Kingdom tour. "It's a bridge to where we were and it moves on nicely to where we're taking the new music". And as if the new stuff isn't exciting enough, they're going to be joined on the road by none other than the VegaBoys on their national tour.

Business

INNO3D announces the GeForce GTX 1080 Ti iChiLL gaming graphics cards

Inno3D announced that in addition to the Founders Edition 1080 Ti, which launches next week, the company plans to launch two variants with the company's iChill three- and four-fan coolers. Its high-end specs, coupled with its relatively low price tag, has led PC Games N to dub the GeForce GTX 1080 Ti as the " Titan X killer ". ZOTAC Shows GeForce GTX 1080 Ti PGF Edition - 03/03/2017 02:00 PMPrior to release Zotac is offering a little tease to please, meet the ZOTAC shows GeForce GTX 1080 ...

Business

Go-Ahead Group plc (GOG) Rating Reiterated by Shore Capital

Goldman Sachs Group Inc raised their target price on Just Eat PLC from GBX 690 ($8.44) to GBX 760 ($9.30) and gave the company a conviction-buy rating in a research report on Thursday, November 3rd. Shore Capital reiterated a buy rating on shares of Moneysupermarket.Com Group PLC in a report on Friday, January 13th. "Analysts Set Inmarsat Plc (ISAT) PT at $915.79" was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem.

Business

Osinbajo Assures Edo Communities Of Govt Support

A representative of the oil-producing communities, Don Ben, grabbed the microphone and told the acting president to leave their oil alone if the communities were too insecure to be visited. Governor Godwin Obaseki said his administration had planned to develop a master plan for the 38 oil producing communities in the state. "Now that the Presidency has finally added their voice to the call for the relocation of their headquarters to the Niger Delta, it is now left for us to push hard on the ...

Business

Oil glut may run dry in three years

Investment in upstream oil and gas development plummeted 25 per cent in 2015, and another 26 per cent in 2016. "If OPEC decides cuts, then Iraq will cut", Iraq oil minister, Jabbar Al-Luaibi, told Reuters at the CERAWeek energy conference in Houston.

Business

Home Depot to add 80000 new jobs

During the same quarter in the previous year, the company posted $1.17 EPS. Institutional investors and hedge funds own 70.22% of the company's stock. The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be given a $0.89 dividend.

Business

White House Asks Congress to Probe Trump's Wiretapping Claims Against Obama

A spokesperson for Obama refuted Trump's claims in an official statement posted to Twitter . An Obama spokesman on Saturday denied the allegations, saying nobody in the former administration ordered surveillance on any USA citizen and that "any suggestion otherwise is simply false ".

Business

Oil market whipsawed as OPEC production discussed

But a surge in prices could very well provide a further boost to U.S. shale oil production, and see natural oil output stimulated from non-OPEC countries. But drillers cut spending by hundreds of billions during the oil bust. In 2016, twenty-two countries imported American crude, marking a more than 1,000 percent increase since 2009, when Canada was the only export destination.

Business

Crude Prices Settle Weaker In US

But the development still challenges the predominant narrative in the notoriously cyclical oil sector - that the reduction of investment during more than two years of low prices would lead to a supply crunch by the end of this decade. For now, "we are witnessing the start of a second wave of USA supply growth, and its size will depend on where prices go", Dr. Fatih Birol, the IEA's executive director, said in a statement.

Business

IEA warns of oil supply crunch unless drillers build new projects

The world's major oil ministers and industry leaders meet in the U.S. city of Houston for the annual CERAWeek, the largest annual industry gathering in the Americas. USA stocks fell at the open on Monday as rising geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor Barack Obama wiretapped him weighed on investors' risk appetite.

Business

Fed boss says USA rates may rise in March

Fed Vice Chair Stanley Fischer said earlier Friday that recent macroeconomic data has been positive. US Unemployment Rate data by YCharts. Markets barely moved on her comments, having already embraced a March rate hike as more of a foregone conclusion than a surprise.

Business

Azerbaijan further cuts oil output

According to the latest Baker Hughes report, US oil rig count increased by seven to 609, the highest level in the last seventeen months. Baku, Fineko/abc.az. Azerbaijan's average oil production this year is expected to stand at between 800,000 bpd and 807,000 bpd. The agreement expires in June. The meeting won't be without simmering tension between US oil producers and OPEC.

Business

Donald Trump's most important friend in Congress

He compared the alleged events to "Nixon/Watergate" and " McCarthyism! ", calling Mr Obama a "Bad (or sick) guy". According to multiple reports in recent months, us counterintelligence officials have been investigating alleged Russian attempts to damage Democratic Party candidate Hillary Clinton during the presidential campaign , as well as secret contacts between Trump's aides and Kremlin officials before and after his election victory.

Business

GM: Delta Township 3rd shift to end, 1100 jobs cut

The shift reduction will affect about 880 hourly and salaried employees at the plant, GM spokeswoman Erin Davis said. The decision comes as GM plans in May to stop building the old-generation GMC Acadia, called the Acadia Limited, at the Lansing plant.

Business

IEA warns of potential shortage of global oil supplies in 3 years

There's a worldwide glut of oil now, and the IEA said that supply looks adequate for the next three years, thanks to rising production from USA shale producers and Canadian oilsands projects that were sanctioned before the oil price crunch began.

Business

Delhi's IGI Airport ranks second best in world

SAA changed the branding of the airport to Skyxe in September 2016, while the airport building is still named John G. Diefenbaker International Airport. DFW Airport earned top marks among North American airports with more than 40 million passengers, beating out the likes of Atlanta's Hartsfield-Jackson International Airport and Denver International Airport.

Business

379 herders arrested after British farmer shot dead in Kenya

The British High Commission is in touch with his family to provide support at this hard time", said Mr Hailey. He said the former British Army officer died on the spot and it took hours for his body to be collected since there were fears the bandits were still lurking in the bushes.

Business

NCLT rejects Cyrus Mistry's contempt plea against Tata Sons

The issue of petitions' maintainability assumes importance as according to the Companies Act, a shareholder needs at least 10 per cent of the total share capital of the company. If it rules against a waiver, Mistry could go to court against today's ruling and also on the waiver petition. The unexpected ouster led to public spat between Mistry and Tata Group, where both the warring sides accused the each other of poor corporate governance practices and business decisions.

Business

Babri Masjid case ghost haunts LK Advani, SC refuses to drop charges

The Allahabad High Court, while upholding the dropping of criminal conspiracy charge, however, had at that time, allowed the CBI to proceed with other charges against Advani and others in a Raebareil court, under whose jurisdiction the case falls.

Business

Sensex Rises 215 Points On GST Hopes; Nifty Ends At 8963

Last week, global markets were rallying after US President Donald Trump outlined to the Congress the need to slash tax rates and plans of a $1 trillion investment in infrastructure. Shares in the energy conglomerate have risen 15 per cent since telecom unit Jio said it would start charging for its services in April. The MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan traded flat in early trade.

Business

Best stocks of the day: Ford Motor Company (F)

The EPS growth for the last 5 years is at -25.30% while the predicted EPS growth for the next 5 years is at 2.93%. Bank of Hawaii increased its position in shares of General Motors Company by 0.4% in the third quarter. This represents a $0.60 annualized dividend and a yield of 4.74%. Ford Motor Company's payout ratio is 52.63%. This report was first posted by [[site]] and is owned by of [[site]].

Business

In a year Delhi will look like London, promises Arvind Kejriwal

The budget is likely to have an outlay similar to previous year, when the approved kitty was estimated at Rs 46,600 crore. "Our aim is to make the entire system online so no one has to visit the offices at all", he said. "Firstly, I want to clarify it that I didn't say that I will make Delhi like London". During his address, Baijal said for inclusive development, his government has identified education as one of the key sectors and that construction of 20 new school buildings has been taken ...

Business

PSA Peugeot-Citroen confirms €2.2bn deal to buy Vauxhall

The move lets GM exit the European market. Analysts, however, say a combination between PSA Groupe and Opel only makes sense if there are job cuts. Mary Barra, GM boss, added: "We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a new opportunity to enhance the long-term performance of our respective companies by building on the success of our prior alliance".


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