Business

Business Walmart has long-term plans for Flipkart, an IPO isn't one of them
Author: 0 Walmart has long-term plans for Flipkart, an IPO isn't one of them

The report added that Walmart told the SEC in regulatory filings that the USA retail giant has an option to invest "an additional $3 Bn in Flipkart at the same valuation within a year of completing the acquisition of a 77% stake". The SJM is an affiliate of the Hindu nationalist association, Rashtriya Swayamsevak Sangh (RSS), which is the ideological mothership of the ruling Bharatiya Janata Party.

Business Petrol Price Hiked After 19 Day Pre-Karnataka Poll Hiatus
Author: 0 Petrol Price Hiked After 19 Day Pre-Karnataka Poll Hiatus

According to Indian Oil website, petrol prices on Monday are at Rs 74.8 per litre in Delhi, Rs 77.5 per litre in Kolkata, Rs 82.65 per litre in Mumbai and Rs 77.61 per litre in Chennai. As of April 24, the prices of essential fuels had already breached multi-layer highs, with diesel already at its highest-level in India. The rupee has fallen to 67.23 per U.S.

Business Europe isn't USA 'vassal,' should trade with Iran
Author: 0 Europe isn't USA 'vassal,' should trade with Iran

The agreement limited Iran's nuclear capabilities in exchange for the removal of the US-Europe sanctions. Russian Federation and China have also reaffirmed their commitment to the JCPOA, but to convince Iran to stick with the deal, the Europeans will need to demonstrate that they can still deliver most of the economic benefits that Tehran was promised in exchange for giving up its nuclear weapons program and allowing a robust system of global inspections.

Author: 0 U.S. leaving of JCPOA won't affect Iran's oil, gas exports, revenue: Zanganeh

Downing Street said Prime Minister Theresa May phoned the US President to stress that the United Kingdom will remain "firmly committed" to the global agreement that he has condemned. The official further noted that Iran's oil industry has gone through massive changes through years and it can not be compared with 20 years ago. Total did not respond to requests for comment.

Business Dharmendra Pradhan: UAE first to invest in India's first crude oil cargo
Author: 0 Dharmendra Pradhan: UAE first to invest in India's first crude oil cargo

Abu Dhabi , one of seven states in the United Arab Emirates, holds more than 90 per cent of the federation's 98 billion barrels of crude oil reserves. The implementation of the strategic reserve agreement follows Adnoc's announcement, in February, that an Indian consortium of three companies - ONGC Videsh, Indian Oil Company and Bharat Petro Resources - had been awarded a 10 per cent interest in Abu Dhabi's new offshore Lower Zakum concession.

Business Champions Cup: Leinster can crown season with European triumph over Racing 92
Author: 0 Champions Cup: Leinster can crown season with European triumph over Racing 92

And the former Leinster head coach admitted that the Irish province would have to be accurate in defence if they are to lift the European Cup for a fourth time. Of the Racing 92 contingent, Maxime Machenaud has already been ruled out of the final through injury. But it is their European form this season, which includes dominant wins over Saracens and Scarlets, which is the biggest factor in their favour.

Business Canara Bank posts net loss of Rs 4859.77 cr in Q4
Author: 0 Canara Bank posts net loss of Rs 4859.77 cr in Q4

The lender also said its board on Friday approved the raising of equity capital of the bank aggregating up to Rs 1,900 crore including premium through various modes. Provision coverage ratio stood at 60.20 per cent as on March 31, 2018. Additionally, on NPA divergence for 2016-17, it said there was a gap of Rs 3,248.50 crore in gross NPAs with bank reporting it to be Rs 34,202.04 crore and the Reserve Bank assessing it at Rs 37,450.54 crore.

Author: 0 Were Analysts Bearish Carpetright plc (LON:CPR) This Week?

JPMorgan Chase upped their price objective on shares of Ferguson from GBX 5,900 ($84.48) to GBX 6,250 ($89.49) and gave the company an "overweight" rating in a research note on Tuesday, January 16th. The Company's general and health insurance products comprise personal lines of insurance products, such as motor, household, travel, and creditor insurance; commercial lines of insurance products, including fleet, liability, and commercial property insurance; health insurance products consisting ...

Business April RICS report shows demand and sales stabilise
Author: 0 April RICS report shows demand and sales stabilise

However, the underlying trend in transactions still remains broadly flat. A CLOSELY-WATCHED gauge of United Kingdom house prices dipped to its lowest since in more than five years last month, according to the Royal Institution of Chartered Surveyors (RICS), with the slowdown most acute in London and the south-east.

Business Sears Hldgs Corp (SHLD) Trending Activity with Technical Depiction
Author: 0 Sears Hldgs Corp (SHLD) Trending Activity with Technical Depiction

And doubling the growth more than doubles the capital gain, due to the compounding effect. Similarly, investors look up the share price over 12 month periods. Short Ratio of stock is 6.96. Sears Holdings Corporation operates as an integrated retailer in the United States. Sears Holdings Corporation (SHLD ) finalized the Thursday at price of $3.15 after traded 3522826 shares.

Business OPEC chief: Ditching Iran deal would harm global economy
Author: 0 OPEC chief: Ditching Iran deal would harm global economy

Rising oil prices just passed another milestone. On Tuesday, the American Petroleum Institute (API) reported a bigger than expected draw of 1.85m barrels of oil inventories for the week, compared to analyst expectations for a draw of 719K barrels.

Business Brokerages Set Compass Group (CPG) Target Price at $1681.00
Author: 0 Brokerages Set Compass Group (CPG) Target Price at $1681.00

Manufacturers Life Insurance The invested 0% of its portfolio in Telecom Plus PLC (LON:TEP). Engines Advsr Ltd Limited Liability Company reported 0.02% stake. Finally, Citigroup raised SDL to a buy rating and lowered their price target for the company from GBX 500 ($6.78) to GBX 490 ($6.65) in a report on Thursday, March 8th.

Business President Trump speaks with Singaporean PM on meeting with DPRK's Kim
Author: 0 President Trump speaks with Singaporean PM on meeting with DPRK's Kim

Pompeo, two weeks and one day on the job, returned to the USA on Thursday from what he called a "productive" meeting with North Korea's Kim Jong-un to agree on details for the Trump-Kim summit. Spokesman Yoon Young-chan also called upon the North to release six South Koreans it has in prison. In contrast, the 2015 deal Trump rejected this week led to a drastic reduction in Tehran's nuclear programme, and the IAEA has repeatedly confirmed that that Iran was in compliance with the deal.

Business Calm before De Lille storm hits Cape Town high court
Author: 0 Calm before De Lille storm hits Cape Town high court

It follows the DA's decision on Tuesday to expel De Lille from the party. De Lille wants the court to temporarily suspend the DA's ratification of her cessation from the party, so that the merits can be argued in full at another date. Mpofu also cited the flow of the interview, claiming it was "patently clear" that the context of the conversation with Radio 702 was in her capacity as mayor.

Business Rudy Giuliani says Trump
Author: 0 Rudy Giuliani says Trump "denied" AT&T-Time Warner merger

CEO Randall Stephenson said in a message to employees that although he believes everything about the relationship with Michael Cohen was legal and "entirely legitimate", it represented a "serious misjudgment". The glaring current example is Michael Cohen , the longtime Trump fixer. "I think it's pretty clear the Department of Justice opposed the merger, so the president or his administration hasn't been influenced by any outside special interest".

Business Robinhood App Fundraising Exceeds $360 Million, Plans Zero-Fee Crypto Trading
Author: 0 Robinhood App Fundraising Exceeds $360 Million, Plans Zero-Fee Crypto Trading

In the latest Series D funding round, Robinhood has managed to add $343 million to its pool, taking its valuations to a whopping $5.6 billion. Robinhood Financial, a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), leverages low-latency trading systems used by some of the world's largest financial institutions to enable self-directed orders to receive the best possible trade execution.

Business Ford Could Reopen Two US Truck Plants Next Friday
Author: 0 Ford Could Reopen Two US Truck Plants Next Friday

Ford stocks were down marginally in after hours trade, in £11.19. He added that "any impacts will be short term". One of the biggest sellers in all the automotive realm is the Ford F-150 truck . Ford has sold 287,000 F Series trucks in the United States in the first four months of this year, up 4% compared to a year ago. The vehicle generated $41 billion in revenue previous year, about 28 percent of total sales and the lion's share of its profits.

Business ZTE on life support after United States export ban
Author: 0 ZTE on life support after United States export ban

A USA delegation travelled to Beijing last week to discuss the brewing trade conflict with their Chinese counterparts. The firm's products depended on American chips and other components and is unable to continue operating without key supplies.

Business Fill a bag, help stamp out hunger
Author: 0 Fill a bag, help stamp out hunger

Blumenthal said the Cub Scouts work the food drive tables at the grocery stores while the older Boy Scouts help with picking up the donations left by mailboxes. The carrier will do the rest. Organizers said folks should have the food by their mailboxes by 9am Saturday, rain or shine. The postal employees will be collecting any non-perishable food items, which will be distributed to local food pantries.

Business Higher oil prices lift Wall Street after USA quits Iran deal
Author: 0 Higher oil prices lift Wall Street after USA quits Iran deal

While technology companies helped drive the market higher, energy sector stocks racked up the biggest gain as crude oil prices rebounded a day after the Trump administration moved to withdraw the US from a 2015 nuclear accord with Iran and reinstate sanctions on the country.

Business Jacqueline Fernandez's auto meets with an accident in Mumbai
Author: 0 Jacqueline Fernandez's auto meets with an accident in Mumbai

The mishap took place around 2:45 AM when she was returning from a party at Salman Khan's apartment. Sources share, "As soon as Jacqueline's vehicle exited Salman's residence, a rickshaw with inebriated men started tailing her auto". She said, "Yes, it did take place". Furthermore, she assured that she is absolutely fine. The rickshaw driver was drunk. In the accident, her driver bumped the vehicle to an auto-rickshaw.

Business PM told to extend Brexit transition beyond 2020 amid customs row
Author: 0 PM told to extend Brexit transition beyond 2020 amid customs row

However, Labour's shadow trade secretary, Barry Gardiner, said this weekend that post-Brexit EEA membership would leave the United Kingdom a "rule-taker", adding: "We would have to be bound by the what's called the acquis, the regulations - but we would have no say in making those regulations".

Business Npower to hike up energy bill for a million customers
Author: 0 Npower to hike up energy bill for a million customers

Simon Stacey, Npower managing director for domestic markets, said such costs had "unfortunately been on the rise for some time and we need to reflect these in our prices". Npower said it has a higher percentage of fixed-term tariff customers than most large suppliers and "continues to work hard to encourage customers to switch".

Business Senator Ovie Omo-Agege: Senate appeals against nullification of Suspension
Author: 0 Senator Ovie Omo-Agege: Senate appeals against nullification of Suspension

Prior to his suspension by Senate's Ethics and Privileges Committee on April 13, Omo-Agege had approached the court to challenge the decision of the committee to investigate his allegations. Following the suit, the committee recommended that the senator be suspended and he was therefore suspended for 90 legislative days. The court held that Omo-Agege's suspension from attending plenary for 90 days denied his constituency their right to proper representation.

Business Huawei enters crypto market, offers bitcoin wallet in app store
Author: 0 Huawei enters crypto market, offers bitcoin wallet in app store

BTC.com is a web wallet originally created by Blocktrail and now owned by Bitmain ‎Technologies, which sells Bitcoin miners using its ASIC chip technology. BTC.com is owned by mining hardware manufacturer Bitmain technologies which also controls the largest Bitcoin mining pool in the world and has been in the news recently due to its release of it's ASIC hardware for mining Ethereum.

Business Facebook could be planning to launch a cryptocurrency of its own
Author: 0 Facebook could be planning to launch a cryptocurrency of its own

Facebook reshaped its product and engineering teams into three units, including an emerging technologies division focused on blockchain technology used for cryptocurrencies. Blockchain is the ledger system that underlies cryptocurrency, but it can have various uses. Companies often shuffle executives to work on different products to bring a fresher perspective and to help the teams more easily identify problem areas.

Business US 'net neutrality' rules will expire on June 11: FCC
Author: 0 US 'net neutrality' rules will expire on June 11: FCC

New York Senator Chuck Schumer said that the Senate is trying to gather votes to save net neutrality . It comes after the USA communications regulator, the Federal Communications Commission , under the control of its Republican chairman Ajit Pai ( appointed by President Donald Trump ), had in December voted 3-2 to overturn Net Neutrality regulations .

Business Starbucks bathrooms now open to everyone, not just customers
Author: 0 Starbucks bathrooms now open to everyone, not just customers

The decision was made after the April 12 arrest of two black men at a Starbucks in Philadelphia. He along with his enterprise partner were detained minutes later. "And it's really the judgment of the manager". And they go into a conversation. "And she made a bad decision to call the police". "It's the company that's responsible".

Business Symantec Shares Drop on Lower Forecast, Internal Investigation
Author: 0 Symantec Shares Drop on Lower Forecast, Internal Investigation

Details have been scant from Symantec , but the company noted in the release that it involves potentially "materially misleading business information to the investing public". Among 3 analysts covering Kamada Ltd ( NASDAQ:KMDA ), 3 have Buy rating, 0 Sell and 0 Hold. The company rocked its 52-Week High of $34.2 and touched its 52-Week Low of $24.93.

Author: 0 SPDR S&P Regional Banking ETF (KRE) Rises 0.28% for May 10

When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. Keeping tabs on the overall economic climate can help provide valuable insight. RSI can be used to detect general trends as well as finding divergences and failure swings. ADX calculations are made based on the moving average price range expansion over a specified amount of time.

Business Accurate Financial Analysis for: ARMO BioSciences, Inc. (NASDAQ:ARMO)
Author: 0 Accurate Financial Analysis for: ARMO BioSciences, Inc. (NASDAQ:ARMO)

A stock with a beta more than 1 means high volatile and less than 1 means low volatile. At the moment, there are a total of 20 analysts who cover Eli Lilly and Company (NYSE: LLY ) stock. Credit Suisse was the exclusive financial adviser to Lilly and Wachtell, Lipton, Rosen & Katz its legal adviser. More interesting news about ARMO BioSciences, Inc .

Business Nvidia Reveals Crypto Sales for First Time and Predicts Big Drop
Author: 0 Nvidia Reveals Crypto Sales for First Time and Predicts Big Drop

Prelude Management Ltd Co stated it has 11,340 shs or 0.18% of all its holdings. A cryptocurrency boom has powered growth at Nvidia and rival Advanced Micro Devices Inc as their graphics chips provide the high computing ability needed to mine popular virtual currencies such as bitcoin and ethereum, but the sector is battling volatility caused by swings in the currency's value.

Business Tesla crash that killed 2 teenagers is under NTSB investigation
Author: 0 Tesla crash that killed 2 teenagers is under NTSB investigation

Barrett Riley, 18, and Edgar Monserratt, 18, died in Fort Lauderdale on Tuesday when the 2014 Tesla Model S they were riding in struck a wall , igniting the vehicle. "We're attempting to set the truth of this episode and offer our full cooperation to community authorities". "We have not yet been able to retrieve the logs from the vehicle, but everything we have seen thus far indicates a very high-speed collision and that autopilot was not engaged", a Tesla spokesperson said.

Business Unemployment drops in Victoria, climbs in BC, Stats Canada
Author: 0 Unemployment drops in Victoria, climbs in BC, Stats Canada

Alberta's unemployment rate was up 4 tenths of a point from March, while Saskatchewan saw a half per cent increase in unemployment last month. "There is nothing about this report that is going to cause the Bank of Canada to rush into a rate hike", said Andrew Kelvin, senior rates strategist at TD Securities.

Business Oil near multi-year highs as Iran sanctions tighten supply outlook
Author: 0 Oil near multi-year highs as Iran sanctions tighten supply outlook

Investors are anxious that renewed sanctions on Iran , a major oil producer, could lead to supply disruptions. However, they bounced back strongly in Asia and there is talk it could continue rising to $80 a barrel, with gains helped by uncertainty in oil-rich Venezuela , the OPEC-Russia output cap, improving global demand and data pointing to a drop in USA stockpiles.

Business Audi Wants to Sell 800000 Electrified Vehicles Annually by 2025
Author: 0 Audi Wants to Sell 800000 Electrified Vehicles Annually by 2025

Audi may still be battling with the ghosts of the past ( dieselgate , remember?), but the Ingolstadt-based auto maker is poised to create a clean and bright future for the brand. The battery of the SUV will get recharged in barely 30 minutes, by using a high-power charging station. "Our ambition has always been and will continue to be Vorsprung durch Technik ", says Rupert Stadler, chairman of the board of management of Audi.

Business Junk food ad ban on London public transport
Author: 0 Junk food ad ban on London public transport

London's mayor has decided it's time to get angry about kids eating burgers, and he's so angry he wants to order Transport for London to stop accepting adverts for junk food across the city's rail and bus networks. Children from poorer areas are disproportionately affected by the "obesity epidemic", Khan said, adding that young people from Barking and Dagenham in East London are nearly twice as likely to be overweight as children from the upmarket Richmond neighborhood.

Business Boston Dynamics is back with two new videos
Author: 0 Boston Dynamics is back with two new videos

The company is cranking it up another notch with the latest iterations of these two robots. The engineers at Boston Dynamics devote much time to the improvement of the finished robots. For us at Pocket-lint, it certainly makes us wish Boston Dynamics would hurry up even more so that each of us could own our own robot at home or in the office.

Business The Boring Company Close to Completing First Large Tunnel
Author: 0 The Boring Company Close to Completing First Large Tunnel

In a new video posted to his Instagram account, Musk shows a journey through the almost completed tunnel and revealed it is only awaiting "final regulatory approvals" before it becomes operational. The startup hopes to start digging a much bigger project on the West Coast next year, connecting Los Angeles to San Francisco via a true Hyperloop system with vacuum tunnels and "faster than jetliner".

Author: 0 AT&T confirms it paid Michael Cohen for consulting on Time Warner deal

In a memo to staff obtained by Reuters, Randall Stephenson said AT&T made a "serious misjudgment" by paying Cohen as much as $600,000 via Cohen's company Essential Consultants LLC. 'We made a mistake in entering into this engagement and, as a outcome, are being criticized by a world that expects more from us, ' Narasimhan wrote.

Business Korean prosectors raid cryptocurrency exchange offices
Author: 0 Korean prosectors raid cryptocurrency exchange offices

The exchange's office in Seoul, South Korea , was raided by 10 investigators from the country's Financial Supervisory Service (FSS) at 10 AM KST today, local publication Chosun reports . The exchange hosted about $1.6 billion of cryptocurrency trades in the past 24 hours, making it the biggest in Korea and the fourth-largest in the world among fee-charging venues tracked by Coinmarketcap.com.

Business Robocaller hit with $120M by FCC
Author: 0 Robocaller hit with $120M by FCC

The FCC said Adrian Abramovich of Miami made nearly 100 million robocalls over a three-month period in what the agency called a "malicious spoofing" operation. Medical paging provider Spōk also helped with the FCC's investigation, because the robocallers' operation disrupted hospital and physician communications.

Business WestJet pilots vow not to disrupt long weekend after approving strike action
Author: 0 WestJet pilots vow not to disrupt long weekend after approving strike action

Now, they may walk off duty as early as May 19th. But the union says it will not take any action before Canada's Victoria Day holiday weekend ends. With that in mind, the union states that it won't strike until after Victoria Day. WestJet issued a statement following the announcement ... "The best role I can play with my negotiating team is to remain at the table and make progress", Sims said.

Business Alberta rolls out $1.2 million pro-pipeline ad campaign
Author: 0 Alberta rolls out $1.2 million pro-pipeline ad campaign

More than $700,000 of the campaign funds will go to efforts in B.C. "We will not stand on the sidelines in the battle for hearts and minds of Canadians", Notley said. Notley said Thursday that Ottawa is in "serious and determined discussions" with Alberta and Kinder Morgan and that she is confident that talks about getting the project back on track will be successful before the deadline.

Author: 0 Today May 10 iShares MSCI Global Energy Producers ETF (FILL) Increases 0.98%

Active investors may choose to use this technical indicator as a stock evaluation tool. At the time of writing, UBS ETF (SBEM.L) has a 14-day Commodity Channel Index (CCI) of 99. Vanguard Funds Plc (VUSD.L)'s Williams Percent Range or 14 day Williams %R now sits at -49.36. If the indicator travels under -80, this may signal that the stock is oversold.