Money

Yahoo breach: Hard proof of Russian interference in US?

Yahoo breach: Hard proof of Russian interference in US?

Another, Alexey Belan, is on the list of the FBI's most wanted cyber criminals and has been indicted multiple times in the U.S. It's not clear whether he or the other two defendants who remain at large, Dmitry Dokuchaev and Igor Sushchin, will ever step foot in an American courtroom since there's no extradition treaty with Russian Federation. Read More

Continue Reading »

OPEC basket drops in price

A deal by the Organization of the Petroleum Exporting Countries with Russian Federation and other producers to rein in output by 1.8 million barrels per day (bpd) for six months from January 1 lifted prices but also encouraged USA firms to boost supplies. Read More

Continue Reading »

China lowers economic growth target citing

China lowers economic growth target citing "graver" situations

The economy is already growing at its slowest rate in more than a quarter of a century and the latest target unveiled at the opening of China's parliament is lower than a 6.5-7.0 percent range Li set past year. "With China's domestic economy still in the phase of transformation, the tasks for China's economic growth are arduous but with great potential", said Song. Read More

Continue Reading »

Gold to remain under pressure next week on early USA rate hike

Beyond that however, the health of the economy and the underlying stability of financial markets would benefit from a revitalized Fed strategy that is both able and willing to lead markets, rather than be led by them. Rapid gains and record levels on the main indexes since the November 8 election have stoked concerns about stretched valuations among some analysts. Read More

Continue Reading »

Crude Stocks Rise For Eighth Straight Week As Exports Ease Off Record

Crude Stocks Rise For Eighth Straight Week As Exports Ease Off Record

OPEC reached a deal to cut oil production in December 2016, the first deal that both OPEC and non-OPEC producers, led by Russian Federation, agreed to since 2001. In December, Saudi Arabia's refinery output reached 2.96 million barrels per day, the highest level in nearly 15 years. Oil production in Iran will reach four million bpd by the beginning of the next Iranian calendar year (March 21), National Iranian Oil Company Managing Director Ali Kardor said on February 18. Read More

Continue Reading »

Marathon Petroleum sells assets to its MLP for $2 bln

Several other research analysts have also recently commented on the stock. Nomura lowered Marathon Oil from a "buy" rating to a "neutral" rating in a report on Thursday, December 15th. Along with these its year to date performance is standing at -7.28%. The companys revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.48 EPS. Read More

Continue Reading »

John Lewis cuts 387 jobs in staff overhaul

John Lewis cuts 387 jobs in staff overhaul

The move could lead to almost 400 fewer jobs for staff in the company's carpet, curtain and blinds fittings service, as well as home estimating and fitting administration support and catering. "We understand that for some this will mean a period of change, and we are working with affected partners over the consultation period to give opportunities for redeployment in new roles wherever possible ". Read More

Continue Reading »

Can Oasis Petroleum Inc. (NYSE:OAS) grow after Earnings?

Can Oasis Petroleum Inc. (NYSE:OAS) grow after Earnings?

The company's market cap is $3.39 Billion. Price Target is an important factor while doing analysis of a stock. Robert L. Zorich is one of the biggest insider owners in Oasis Petroleum Inc. Zacks Research also uses a numerical ratings scale that spans from 1 to 5. In the last Quarter, Oasis Petroleum Inc. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.21 earnings per share. Read More

Continue Reading »

Royal Bank of Scotland makes a loss for ninth straight year

Royal Bank of Scotland makes a loss for ninth straight year

Chief executive Ross McEwan said: "The bottom-line loss we have reported today is, of course, disappointing but, given the scale of the legacy issues we worked through in 2016, it should not come as a surprise". Deutsche Bank AG upgraded shares of Royal Bank of Scotland Group plc to a hold rating and raised their price target for the stock from GBX 172 ($2.14) to GBX 220 ($2.74) in a report on Wednesday, February 8th. Read More

Continue Reading »

Unilever reviewing options after Kraft Heinz withdraws bid

The company saw 14.41 million shares trade hands over the course of the day. During the same period past year, the company posted $0.80 earnings per share. The Kraft Heinz Company's dividend payout ratio (DPR) is 105.26%. They presently have a $90.02 price objective on the stock. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Read More

Continue Reading »

Kraft's Unilever Bid Faces Likely Scrutiny in Europe

Why is Kraft Heinz targeting Unilever at this juncture? It represents an 18% premium to the share price at close of business on 16 February and values Unilever's at $143bn (£115bn). In 2010, Kraft purchased United Kingdom chocolate company Cadbury. Unilever does not see the basis for any further discussions, ' the Anglo Dutch group said in a statement . Read More

Continue Reading »

Verizon Communications Inc. (VZ) to Buy Yahoo! Inc. (YHOO) at Discount

Verizon will savagely slash its acquisition offer for hacker-ransacked Yahoo! by, wait a minute, just 5.2 per cent, it is claimed. Even the higher estimates-Reuters reported the figure could be as much as $350 million-are pretty paltry. Verizon shares fell 0.7 percent to $47.96. The updated Verizon and Yahoo deal will reportedly be discounted by almost $300 million. Verizon hasn't closed its investigation of the breaches and declined to comment on the reports of a discounted Yahoo ... Read More

Continue Reading »

China's exports and imports surge

China's exports and imports surge

China's exports in yuan-denominated terms rose 15.9 percent year on year to 1.26 trillion yuan (US$183 billion) last month, faster than the 0.6 percent gain in December. "The growing imports were also attributed to this year's Spring Festival, which arrived earlier than last year", said Xu Yang, an analyst at Sinolink Securities. Read More

Continue Reading »

Oil sharply higher on OPEC compliance

Herman Wang , OPEC specialist at S&P Global Platts , told CNBC that while the Saudis are doing the most to make the cutback agreement a success, "how long Saudi Arabia is willing to shoulder the burden of these cuts if it proves some of their cohorts are not fully complying with the deal remains to be seen". Read More

Continue Reading »

Singapore jet commitment 'major win' for Boeing

Announcing the commitment on February 9, Boeing said the order will be posted on the its Orders and Deliveries website once finalized. SIA has selected the 777X and additional 787-10s to expand its future widebody fleet . Shares of the airline rose 1.4 percent to S$9.94 on Thursday in Singapore trading before the announcement. Singapore Airlines already has more than 50 Boeing 777s in service. Read More

Continue Reading »

Far-right's Le Pen suggests France could leave EU

Le Pen hopes to capitalise on the same rejection of mainstream politics that helped the Brexit camp win in Britain and swept Donald Trump to the U.S. Le Pen has already been a presidential candidate as she lost to Hollande in 2012. "I think the situation is bad these days", Le Pen said told Times of Israel in October. Read More

Continue Reading »

State of emergency in Chapel Hill over water shortage

State of emergency in Chapel Hill over water shortage

All Orange Water and Sewer Authority operations were back to normal Sunday, OWASA said in an update. Hotels and restaurants can also re-open now, according to health officials. "We are investigating the fluoride overfeed and water line break, and will report to the OWASA Board of Directors and the community at a later date", OWASA said in the statement. Read More

Continue Reading »

Army secretary directs Corps to proceed with easement for Dakota Access Pipeline

Army secretary directs Corps to proceed with easement for Dakota Access Pipeline

In his statement , Hoeven said various agencies are working to bring in more "federal law enforcement resources to support state and local law enforcement". In September, Tilsen was arrested and charged with a felony after chaining himself to pipeline construction equipment. Lawyers for the tribe said Mr Trump's action was done "hastily and irresponsibly", and they will pursue legal action. Read More

Continue Reading »