Markets

The billion-dollar fraud

The billion-dollar fraud

Addressing a press conference, Prasad said that the scam started in 2011 when the Congress-led United Progressive Alliance (UPA) government was in power and is the "latest in line in the legacy of corruption and fraudulence left by the Congress Party". Read More

Continue Reading »

Time Warner Inc. (TWX): Are There Still Some Opportunities On The Horizon

Time Warner Inc. (TWX): Are There Still Some Opportunities On The Horizon

The average revenue per share growth rate of Scorpio Tankers Inc. during the past 12 months was -23.9 percent. AT&T pays an annual dividend of $2 on a much lower share price, giving investors a dividend yield of 5%. Amid what could be its last earnings report , buying TWX stock remains a win-win for investors. The company was maintained on Friday, September 15 by RBC Capital Markets. Read More

Continue Reading »

3 die in Grand Canyon helicopter crash, 4 others injured

3 die in Grand Canyon helicopter crash, 4 others injured

Bradley, Sr., Hualapai Nation Police Department. The official cause of the crash was "the pilot's loss of control of the helicopter for undetermined reasons", the NTSB report states. He said one of them "was pretty much burned all over". "It is with extreme sadness we extend our heartfelt sympathy to the families involved in this accident", Brenda Halvorsan wrote. Read More

Continue Reading »

United Kingdom inflation sticks at almost six-year high in January

United Kingdom inflation sticks at almost six-year high in January

In November, the index of industrial production ( IIP ) grew 8.8% and consumer price index ( CPI ) based inflation rose by 5.21% in December. Last week the Bank of England kept the rate at 0.5 percent. After demonetization, industry saw a huge decline in growth as growth rate for December 2016 was recorded at 2.4%. Mining sector saw a 1.2% growth while electricity sector saw 4.4% growth. Read More

Continue Reading »

Oil giant BP sees annual profits soar to £4.4bn

Oil giant BP sees annual profits soar to £4.4bn

Last week, North Sea oil production to 200,000 barrels by 2020 through a variety of projects. BP (LON:BP) saw its profits soar in 2017, with the group having benefitted from an upswing in oil prices, the blue-chip company has disclosed. The company reported a net profit for the fourth quarter of 2.1 billion United States dollars, surpassing analysts' forecasts of 1.9 billion USD. "2018 should be a year where operating cash flow can cover cash capex, full cash dividend and Macondo payments ... Read More

Continue Reading »

FTSE 100 Tumbles As Services PMI Disappoints

FTSE 100 Tumbles As Services PMI Disappoints

Strength in both the manufacturing and services industries supported the Caixin China Composite Output Index, which covers both manufacturers and service providers, to jump to a seven-year high of 53.7 in January, from 53.0 in December. The index stood at 50.9 in December 2016. Britain's economy grew faster than expected at the end of 2017, and financial markets have put a 50-50 chance on a BoE rate hike in May. Read More

Continue Reading »

Crude oil futures surge to Rs 4245 per barrel

Crude oil futures surge to Rs 4245 per barrel

Production in the Federal Gulf of Mexico reached 1.67 million b/d, up 14% from the October 2017 level as the region recovered from Hurricane Nate . With the oil market much more precariously balanced than it was just six months ago, geopolitical events and supply outages are having a much more profound impact on the oil market. Read More

Continue Reading »

Movement against Iran's headscarf law gains momentum

Movement against Iran's headscarf law gains momentum

On December 27, a woman later identified as 31-year-old Via Movahed became an worldwide sensation after she stood atop a telecoms box in Tehran's Enghelab Street. Her actions sparked similar protests in Tehran with three other women taking off their headscarves and holding it on a stick. A prominent human rights lawyer told AFP on Tuesday that one of the detained women had her bail set at more than $100,000 (80,000 euros). Read More

Continue Reading »

Coleman's taking nothing for granted after Everton return

Coleman's taking nothing for granted after Everton return

The performance wasn't always comfortable but most of the time we were. "We have to have an assessment this morning on when do we play him again". Now eight points from fourth-placed Chelsea, it's imperative that the Gunners improve their consistency, starting on Saturday in a match where Wenger's side will come up against a familiar face in the shape of Theo Walcott . Read More

Continue Reading »

Turpin Parents Prohibited From Contacting Kids Until 2021

Turpin Parents Prohibited From Contacting Kids Until 2021

She told the Los Angeles Times that the family participated in a community holiday decorating contest two years ago. Speaking to the media yesterday , prosecutors in California revealed the children were underweight and malnourished when they were found; saying the 12 year old weighed the same as an average seven year old while the couple's 29 year old daughter weighed just over five stone. Read More

Continue Reading »

U.S. stocks close mixed after earnings reports

U.S. stocks close mixed after earnings reports

The Standard & Poor's 500 index rose 13 points, or 0.5 percent, to 2,852. Shares of Intel Corp ( INTC.O ) jumped more than 10 percent and hit their highest level since October 2000 a day after the company reported quarterly results. The Nasdaq Composite Index was up 39.85 points, or 0.54 per cent, to 7,454.90. S&P 500 measures the performance of 500 widely held common stocks of large-cap US companies. Read More

Continue Reading »

Rory McIlroy is back and looks to be in Masters form already

Rory McIlroy is back and looks to be in Masters form already

Johnson, already a victor on the PGA Tour this year, had four birdies and four bogeys Thursday. European number one Fleetwood was certainly impressed, adding: "He hit this little fade into that pin and I haven't got that shot!" In the biggest test by far in his golfing career, the 38-year-old produced a very respectable performance in one of the European Tour's top events that is played on a really tough course. Read More

Continue Reading »

Kenya Airways launches NY flights

Kenya Airways launches NY flights

Operating a Boeing 787 Dreamliner with a capacity of 234 passengers, Kenya Airways will depart Nairobi at 11:25 p.m. and arrive the next day in NY at 6:25 a.m. What was pending was approval of the Air Service Licence and Air Operation Licence from the USA authorities which has been granted. This convenient schedule will allow connections to and from over 40 African destinations through Kenya Airways hub in Nairobi. Read More

Continue Reading »