Business

Business ICICI warns of higher provisions,around 1% drop in NIM in FY18
Author: 0 ICICI warns of higher provisions,around 1% drop in NIM in FY18

Provisions on bad loans nearly doubled to Rs 1833 crore as the share of bank's loans rose to 16.9% of the total loans. "Non-interest income was Rs 3,017 crore (US$ 465 million) in Q4-2017 compared to Rs 2,978 crore (US$ 459 million), excluding gains of Rs 2,131 crore (US$ 329 million) on sale of stake in insurance subsidiaries, in Q4-2016", the private lender said in a statement.

Business Dollar spikes higher after Fed hints US rate increase possible in June
Author: 0 Dollar spikes higher after Fed hints US rate increase possible in June

The Fed jolted investors when it released the minutes of its March meeting, which showed that most officials thought that process would be appropriate later this year. Could the Fed clarify its timetable for paring its balance sheet in the statement it will issue when its policy meeting ends Wednesday? Economic growth is widely expected to pick up this spring, though the results so far have been mixed.

Business French Presidential Candidates Look to Broaden Support
Author: 0 French Presidential Candidates Look to Broaden Support

Abandoning the National Front is likely a desperate attempt by Le Pen to break with the party's extremist past, which stands between her and anti-globalist French voters who aren't xenophobic. "Therefore we have decided not to give it accreditation", the source said. Mr Macron, a former economy minister, is widely expected to win the run-off vote on 7 May.

Author: 0 United Reaches Agreement With Passenger Dragged Off Plane

Lawyers for Dr. David Dao, the passenger, said the settlement came at the same time United issued changes to improve customer service. His lawyer said he lost teeth and suffered a broken nose and a concussion. Less than a month after videos that showed a United passenger being violently dragged off his flight drew global condemnation, Congress has summoned the airline's CEO and executives from other carriers to answer how they will prevent a repeat of the horrifying incident.

Business Physicians Realty Trust (DOC) Closed at $19.63
Author: 0 Physicians Realty Trust (DOC) Closed at $19.63

A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors Lp owns 12,011 shares or 0% of their United States portfolio. It has a dividend yield of 2.94%. The ex-dividend date is Friday, May 26th. Acadia Realty Trust's dividend payout ratio is now 122.35%. CHURCHEY RANDY L sold $825,800 worth of Education Realty Trust, Inc.

Author: 0 United CEO Munoz on hot seat as Congress examines air travel

Alaska Airlines, Southwest Airlines and American Airlines all sent representatives. Airline reaches settlement agreement with Dr. David Dao, a passenger violently ejected from his seat on a UA flight to make room for staff. Munoz again apologized personally to David Dao , the passenger who boarded a United plane and then refused to give up his seat when the airline determined that it have overbooked the flight.

Business Fed set to leave interest rates unchanged
Author: 0 Fed set to leave interest rates unchanged

The Fed dismissed softer growth in the first quarter referring to it as transitory and stated that economic activity is expected to expand at a moderate pace. But a few see low inflation and weak data as justification for the Fed to scale back and raise rates just once more later this year. USA consumer spending was unchanged in March for a second straight month while a measure of inflation fell for the first time in more than a year, but some economists see the weakness as only temporary.

Business Credit Suisse Group AG Reaffirms Hold Rating for Kinross Gold Co. (KGC)
Author: 0 Credit Suisse Group AG Reaffirms Hold Rating for Kinross Gold Co. (KGC)

However revenues jumped from $782.6 million in Q1 2016 to $796.1 million in Q1 2017, based on higher gold prices, $701 per gold-equivalent ounce, versus $687 per ounce in the year-ago quarter. ING Groep NV boosted its position in Kinross Gold by 36.0% in the first quarter. Creative Planning now owns 38,921 shares of the mining company's stock worth $137,000 after buying an additional 11,643 shares during the period.

Author: 0 French presidential rivals clash in crucial TV debate

The pair are now on the campaign trail ahead of the May 7 election and Zidane has not shied away from voicing his opinion on the matter. She said: "We must eradicate the Islamist ideology". After being attacked by Le Pen for not preventing big French companies from being sold to foreign firms, Macron said she had not properly prepared for the debate and did not seem to understand economic issues.

Author: 0 Theresa May will be the next Prime Minister, Tony Blair predicts

Asked if he could say hand on heart that Mr Corbyn was the best man to run... Liberal Democrat leader Tim Farron said both Mr Corbyn and Mrs May - who has also ruled out head-to-head appearances - were "running scared" of voters. "We will on day one unilaterally guarantee the rights of European Union citizens in this country", said shadow Brexit secretary Keir Starmer on Tuesday (April 25), putting Britain's European Union departure at the centre of the election battle.

Author: 0 Despite Criticism, FCC Announces Official Plan to Roll Back Net Neutrality

The move would see the end of internet regulations, which were brought into effect in 2015 and were crafted to ensure that all online content was treated similarly by internet service providers. Last year, the FCC left in place rules barring mergers among the top four national television broadcast networks: Walt Disney Co's (DIS.N) ABC, CBS Corp's (CBS.N) CBS, Comcast Corp's (CMCSA.O) NBC and Twenty-First Century Fox Inc's (FOXA.O) Fox.

Author: 0 No US rate hike, Fed keeps sunny outlook

Government data released last week showed that the USA gross domestic product, a broad measure of economic activity, grew at just 0.7 percent on an annualized basis in the first quarter, the slowest pace in three years. In other news, Russian Federation said that as of May 1, it had curbed output by more than 300,000 bpd since October. The U.S. economy hasn't posted annual growth of 3 percent or more since 2006.

Author: 0 Fed holds interest rates steady, downplays economic weakness

USA central bankers were unusually explicit in their statement, indicating that a disappointing first quarter, in which the economy grew at an annualised rate of 0.7 per cent, would not knock the committee off its plan to raise rates two more times this year after a hike in March.

Business GOP revives struggling health care bill and plans House vote
Author: 0 GOP revives struggling health care bill and plans House vote

Health and Human Services Secretary Tom Price is meanwhile going through the fine print of the latest version of the bill with undecided members to try to assuage their concerns. On the health care front, Reps. The measure already included $130 billion in the fund. The biggest sticking point so far: the provision in Obamacare that bars insurance companies from discriminating against those with pre-existing conditions.

Author: 0 Fox News' Bill Shine Ousted, Onlookers Rejoice (Or Lament)

The exit of Bill Shine - a co-president at the network and a close ally of Roger E. Ailes , its former chairman - came almost 10 months after Mr. Ailes was removed in the wake of numerous harassment allegations. Shine has been fingered in several lawsuits as an enabler of Ailes's behavior, in part because Shine allegedly knew about secret settlements that the company made to bury accusations against Ailes.

Business Pakistani Army violates ceasefire in J&K
Author: 0 Pakistani Army violates ceasefire in J&K

The clarification from the Chinese government came a day after the country's publication Global Times said that Beijing has "a vested interest in helping resolve regional conflicts including the dispute over Kashmir between India and Pakistan" due to its huge investments in the CPEC that passes through Pakistan-occupied Kashmir (PoK).

Business Gun-friendly Trump may be slowing gun sales
Author: 0 Gun-friendly Trump may be slowing gun sales

Only the second president to address the NRA convention, the first was Ronald Reagan in 1983, Trump barely mentioned the impending 100 day mark, a traditional yardstick to measure the accomplishments of presidents early days in office. But Trump remained undeterred, insisting that sooner or later one of his signature campaign issues will be realized. The endorsements didn't stop there: Trump praised Singer Lee Greenwood ("We're all very proud, indeed, to be an American."); Heritage ...

Business Canada trade deficit narrows sharply as exports jump on energy
Author: 0 Canada trade deficit narrows sharply as exports jump on energy

The trade deficit had been expected to widen to $44.5 billion from the $43.6 billion originally reported for the previous month. Monthly oil imports rose to their highest level in almost four years at 260 million barrels. On Thursday, May 4, 2017, the Commerce Department reports on the USA trade gap for March. Imports of goods and services slipped 0.7 percent to $234.7 billion.

Author: 0 Tesla revenues surge as it ramps for Model 3 launch

The $35,000 electric auto is expected to bring Tesla to a broader market of customers, and what the company says about its production and production schedule will be key. Tesla is building out its Supercharger network, improving fix times, and has set a new range record with the Model S 100D. Tesla plans to boost the number of retail, delivery and service locations by 30 percent, and add its first company-owned body fix shops this year.

Business President Le Pen? Just '10 little points'
Author: 0 President Le Pen? Just '10 little points'

Le Pen portrays her opponent as a member of the French political elite and says she is the only candidate for change in the bitterly divided country, weighed down by high unemployment and inequality. France has suffered three major attacks since 2015 that have cost more than 230 lives, and another atrocity could make Le Pen's hard line on foreign Islamists and immigration more appealing to this section of the electorate.

Business Puerto Rico announces historic debt restructuring in court
Author: 0 Puerto Rico announces historic debt restructuring in court

Title III, which is similar to the Chapter 9 bankruptcy, allows Puerto Rico and other United States territories to restructure their debt under the supervision of a federal judge. Some bondholders are expected to file legal challenges to Rossello's decision but can not do so for 120 days. A group representing some of those holding the $16 billion worth of general obligation bonds accused the board of sabotaging consensual negotiations and forcing Puerto Rico into bankruptcy.

Business Puerto Rico hit with 1st lawsuit from bondholders
Author: 0 Puerto Rico hit with 1st lawsuit from bondholders

The judge will be in charge of coming up with an orderly restructuring plan. Unemployment on the island of 3.4 million people has hovered around 12 percent, and almost half a million Puerto Ricans have moved to the US mainland in the past decade, many in search of jobs and economic opportunity.

Author: 0 Real and Sustained Economic Growth Will Lower the Deficit

Americans might be able to absorb a gas tax now, with a strong economy and relatively low gas prices. Trump would drop the top rate from 39.6 percent to 35 percent, eliminate the alternative minimum tax and do away with the estate tax to protect inherited wealth.

Author: 0 Dallas firefighter, civilian in ICU after shooting, reports say

The paramedic underwent surgery and was in critical but stable condition Monday afternoon. He is going to have to undergo "extensive medical treatment to get him back up to par", Dallas mayor Mike Rawlings said . Dallas Fire and Rescue was responding to a call when they were fired upon. The injured person was transported to a hospital, Dallas police told KTVT.

Business Gulp: First-quarter GDP sinks to lowest in three years
Author: 0 Gulp: First-quarter GDP sinks to lowest in three years

The GDP grew by just 0.7 percent in the first quarter following a gain of 2.1 percent in the fourth quarter, the US Department of Commerce reported on Friday. The annualized first quarter growth rate of 0.7% was less than the 1% analysts had been expecting, and a slowdown from the 2.1% growth rate seen in the final quarter of past year.

Business HOOPP executive exits Home Capital board after pension fund provides financial backstop
Author: 0 HOOPP executive exits Home Capital board after pension fund provides financial backstop

Home Capital has suffered a crisis of confidence since a securities regulator alleged its top executives hid mortgage broker fraud from investors earlier this month, and has hired bankers to advise on funding and strategic options. Investment analysts at National Bank Financial upped their Q1 2017 earnings per share (EPS) estimates for shares of Home Capital Group in a report released on Tuesday.

Business Iowa sheriff's deputy dies after jail escape
Author: 0 Iowa sheriff's deputy dies after jail escape

In Iowa, he faces first-degree murder and kidnapping charges. Law enforcement officials arrested an Iowa escaped inmate in Nebraska after he shot and killed a deputy, and led officers on a chase. She then alerted authorities at about 11:15 a.m. about what happened to her. Authorities spotted the vehicle near 30 Street and Ames Avenue and began pursuit.

Business Starbucks Unveils New Midnight Mint Mocha Frappuccino
Author: 0 Starbucks Unveils New Midnight Mint Mocha Frappuccino

Well, now, that's just lovely. It's made with extra-dark cocoa blended with coffee, milk and ice, infused with mint sugar crystals and whipped cream, garnished with another dollop of whipped cream and some cocoa dust. A layered drink, the new frap has a mint-chocolate thing going on, with three distinct components. The Narwhal Frappuccino is a combination of blended strawberry lemonade , vanilla bean powder, and green tea powder.

Business Petra Kvitova returns to practice court on comeback from injury
Author: 0 Petra Kvitova returns to practice court on comeback from injury

Kvitova was expected to be out for at least six months, but said last month that she has an outside chance of returning in time for Roland Garros which starts on 28 May. Petra Kvitovaduring the BNP Paribas WTA Finals at Singapore Sports Hub. Last month, she had entered the draw for French Open scheduled to take place from May 22.

Author: 0 Google parent Alphabet's profit up 29% on ad sales

The results did not appear to show a major impact of an ad boycott of Google's YouTube earlier this year after revelations that programmed ads were placed alongside videos showing hateful content. Sundar Pichai, the India-born CEO of Google, saw his compensation nearly double to $200 million in (calendar year) 2016, the spike coming mainly from stock awards.

Business Stocks in Queue Comerica Incorporated (NYSE:CMA), Kraft Heinz Co (NASDAQ:KHC)
Author: 0 Stocks in Queue Comerica Incorporated (NYSE:CMA), Kraft Heinz Co (NASDAQ:KHC)

Several other equities analysts have also weighed in on the stock. The stock traded with the volume of 2.14 Million shares in the last trading session. Missed revenue estimates . The company saw revenue figures of $6.36 billion, missing our consensus estimate of $6.46 billion. The current operating margin for The Kraft Heinz Company is at 23.20%.

Business Oil prices fall on expected climb in United States production
Author: 0 Oil prices fall on expected climb in United States production

USA crude stocks fell last week as refineries hiked output, but gasoline supplies, which are already seasonally high, surprisingly increased, the Energy Information Administration said on Wednesday. A number of key OPEC members including top exporter Saudi Arabia support extending their supply cut into the second half of 2017 if all participating producers, including Russian Federation and other non-OPEC countries, agree, OPEC sources have told Reuters .

Author: 0 Alphabet reports $24.7 Billion in revenue in quarter ended March 31st

Alphabet: Shares are up 4.3% Thursday night on a huge revenue beat and better-than-expected earnings. Amazon has greatly expanded from its online retail roots, launching the Amazon Echo smart speaker in the United Kingdom last year, while earlier this year its original movie Manchester By The Sea won three Academy Awards, including best actor for Casey Affleck.

Business SHELL MIDSTREAM PARTNERS, L.P. (SHLX) held by 18 SEC 13F Filers
Author: 0 SHELL MIDSTREAM PARTNERS, L.P. (SHLX) held by 18 SEC 13F Filers

Therefore 73% are positive. Antero Midstream Partners LP had 23 analyst reports since July 23, 2015 according to SRatingsIntel. Catawba Capital Mngmt Va accumulated 4,170 shares or 0.07% of the stock. It also reduced Cognizant Technology Solutio (NASDAQ:CTSH) stake by 13,000 shares and now owns 42,566 shares. Enable Midstream Partners, LP (NYSE:ENBL) has a present Value Composite score of 24.

Author: 0 US Economy Grows at Disappointing 0.7% in First Quarter

He has taken credit for recent increased consumer confidence, growing employment and record gains on the stock market. In unveiling a tax overhaul plan this week that would slash business rates, Treasury Secretary Steven T. Still others pointed to stronger growth ahead, saying that companies invested in facilities and equipment at a faster pace than anticipated. Here's how seasonality works: we know that consumers tend to spend more around Christmas.

Business How major US stock market indexes fared on Wednesday
Author: 0 How major US stock market indexes fared on Wednesday

Major indexes pared early losses after the Fed's announcement, which some investors and analysts said signaled the central bank is looking past recent signs of tepid economic growth and holding course toward raising interest rates in June. However, with the pound trading steadily over the 1.29 mark, and oil prices still on the back foot despite an overnight rebound, Britain's FTSE 100 is expected to start the session 14 points lower while benchmarks in Germany and France posted modest ...

Business Groups sue to keep drilling ban in Arctic, Atlantic waters
Author: 0 Groups sue to keep drilling ban in Arctic, Atlantic waters

Although the order does not mention California, it also opened the door to more offshore drilling on the West Coast. Obama, who was president during the 2010 BP spill in the Gulf of Mexico, had taken several measures to lock in additional environmental protections prior to his successor taking over.

Business New Minimum Wage: Reps To Pass Bill Soon - Dogara
Author: 0 New Minimum Wage: Reps To Pass Bill Soon - Dogara

According to our correspondent, trouble started when the workers who had gathered in front of the podium to listen to the Minister of Labour and Employment, Chris Ngige, were told that the Acting Permanent Secretary of the ministry, Abiola Bawa, was to address them on his behalf.

Business Healthcare Trust of America, Inc. (NYSE:HTA) Volume Spiking Mid-session
Author: 0 Healthcare Trust of America, Inc. (NYSE:HTA) Volume Spiking Mid-session

Zacks Investment Research's EPS calculations are an average based on a survey of analysts that follow Healthcare Trust Of America. Scottsdale, Ariz. Tower Research Capital LLC TRC increased its stake in Healthcare Trust Of America by 3,597.3% in the third quarter. Share performance for the month is now at -4.95%.

Business NASA's Cassini Set for Second Dive Between Saturn and Its Rings Tonight
Author: 0 NASA's Cassini Set for Second Dive Between Saturn and Its Rings Tonight

The Cassini spacecraft, in the final leg of its thirteen year long mission to Saturn, has thrown up a surprise from the first of its "Grand Finale" dives. Anyone can listen to the sounds of Saturn in this NASA recording . More data to support the findings will come in sooner as Cassini prepares for its second dive between Saturn and its rings.

Business Woman arrested after agreeing to swap sex for chicken McNuggets
Author: 0 Woman arrested after agreeing to swap sex for chicken McNuggets

A homeless woman in the U.S. has been charged with prostitution after she agreed to exchange oral sex for $36 and some chicken nuggets, Florida's Manatee County Sherrif's Office says. The detective soon pulled over where other police officers arrested Direeno. Direeno's bond is set at $500 for the drug paraphernalia charge and $120 for the lewdness charge, according to the jail website.

Author: 0 Sky Plc's (SKY) "Hold" Rating Reaffirmed at Shore Capital

In a a note revealed to investors and clients on Tuesday morning, Shore Capital has decreased Shawbrook Group Plc (LON:SHAW) stock to a Hold. JPMorgan Chase & Co. The company's revenue was up 45.1% on a year-over-year basis. It also reduced Twenty First Centy Fox Inc (NASDAQ:FOXA) stake by 44,579 shares and now owns 380,180 shares.

Business Most Recent Analysts Ratings Report: Amazon.com, Inc
Author: 0 Most Recent Analysts Ratings Report: Amazon.com, Inc

Cantor Fitzgerald raised their target price on Amazon.com from $965.00 to $970.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 29th. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In other news, Director Tom A. Alberg sold 590 shares of the stock in a transaction dated Tuesday, February 21st.

Business Fitbit's (FIT) Neutral Rating Reiterated at Dougherty & Co
Author: 0 Fitbit's (FIT) Neutral Rating Reiterated at Dougherty & Co

The average numbers of shares are traded in a security per day, during the recent 3-month period. There isn't a single analyst that feels that Fitbit will turn a profit this year, and most expect the red ink to continue through 2018. Fitbit, Inc. (FIT ) now has P/E ( Price to Earnings) ratio of 0 while the company's industry has 13.88 P/E and the sector P/E is 20.08. COPYRIGHT VIOLATION NOTICE: This article was first posted by Markets Daily and is the sole property of of Markets Daily.

Author: 0 Top senator says public faith in FBI has been tested lately

President Donald Trump has taken to Twitter to blast Hillary Clinton's earlier comments in which she blamed misogyny, FBI, Russia and herself for her 2016 election loss. Following those remarks, Trump criticized Comey the night before the hearing. Clinton lamented that media moderators didn't press Trump hard enough to explain how he would "make America great again" during the presidential debates - even though, as CNN pointed out, that was the first question NBC's Lester Holt asked ...

Business Ola declares loss of Rs. 2313 crore in fiscal year 2015-16
Author: 0 Ola declares loss of Rs. 2313 crore in fiscal year 2015-16

The SoftBank-backed company's total revenue stood at Rs 664 crore compared with Rs 100.32 crore, a year ago period. "With the pull-back in incentives etc in recent months, it's possible this has now dropped to levels at par with e-commerce companies that spend roughly Rs 2-3 for every rupee earned", she added.