Markets

Analysts Set Advanced Micro Devices, Inc. (AMD) Target Price at $12.28

12 May 2017, 02:12

Analyst recommendation for this stock stands at 2.70. According to an "exclusive industry source" Tweaktown are claiming Advanced Micro Devices, Inc . On 2/14/2017 Forrest Eugene Norrod, SVP, sold 36,030 with an average share price of $13.43 per s...

Secure Income REIT PLC (SIR) Declares Dividend of GBX 3.28

12 May 2017, 02:06

Berenberg now has a GBX 5900.00 target price on the 42.61B GBP market cap company or 26.47% upside potential. Jefferies Group LLC reiterated a buy rating and set a GBX 450 ($5.82) price target on shares of SSP Group PLC in a research report on Thursd...

Senate panel seeks Flynn documents in Russia probe

12 May 2017, 02:01

We also know that President Trump had more than sufficient reason to fire Flynn the next day for misleading Pence, but for some reason the president chose to let Flynn stay on for another few weeks, pushing him out only after the White House turmoil ...

Banks admit consumers will bear new levy

12 May 2017, 01:52

REUTERS/StaffSYDNEY, May 10 - Australia's big banks will likely swallow a surprise new A$6.2 billion (RM19.82 billion) federal tax, industry and political sources said today, given a lack of public support for an oligopoly that has reaped years of re...

OPEC sees more oil supply outside the group, countering its cuts

12 May 2017, 01:43

The EIA crude report showed a big 5,247-million-barrel drop. Oil was steady before government data forecast to show us crude stockpiles fell for a fifth week, further reducing an inventory surplus. OPEC monthly report also found that world oil su...

Nordstrom reports growth in 1Q profit, disappointing sales

12 May 2017, 01:42

Gemmer Asset Management LLC increased its stake in Nordstrom by 0.8% in the first quarter. The Seattle-based company's first-quarter earnings missed Wall Street estimates as comparable-store sales declined 0.8 percent. The stock was sold at a...

Russian Federation boosts Urals oil flow to India as OPEC cuts output - traders

12 May 2017, 01:23

Crude-oil prices held steady in Asia on Friday, though they are poised to end the week more than 3% higher as traders expect the global oil cartel to extend a production cut deal when the group meets later in the month. On January 1, an agreement rea...

Republicans Press Case for Health Bill as Senators Weigh Changes

12 May 2017, 01:16

A half-dozen or more Republican senators have spoken against the measure's cuts to Medicaid. A moderate Republican, Sen. Susan Collins, R-Maine, said on ABC's This Week, adding that the Senate would be "starting from scratch". Collins, however, n...

Snapchat's growth stalls in Facebook's shadow; stock plunges

12 May 2017, 01:15

He also did not shy away from one query that allowed him to take a feisty jab at Facebook. It reported revenue of $149.6 million, missing expectations of $158 million. Another factor which could be driving users away from Snapchat , is the fact th...

AstraZeneca PLC (LON:AZN) Receives 'Overweight' Rating From Brokers At Barclays Capital

12 May 2017, 12:58

The firm has "Outperform" rating given on Wednesday, September 21 by Hovde Group. Finally, S&P Global set a GBX 250 ($3.23) price target on Barclays PLC and gave the company a buy rating in a report on Friday, April 28th. Investors sentiment is 1 in ...

ANC Condemns 'Reckless' Reinstatement of Molefe As Eskom CEO

12 May 2017, 12:08

He has resigned as a Member of Parliament, which comes into effect from Sunday. The report also detailed how cellphone records had placed Molefe in Saxonwold‚ the Gupta residence in Johannesburg‚ several times around the time of the controversial T...

Snap shares tank 23 percent after reporting $2.2 billion net losses

12 May 2017, 11:57

The company also reported 2016 revenues of $404.5 million, six times as much as it earned through advertising in the previous year. The company reported a 47.7 percent rise in users for the fourth quarter and a 62.8 percent jump in the third quarter,...

Macron fields activists for French legislative elections

12 May 2017, 11:49

France ranks first in the world, along with Bulgaria and Nicaragua, for the highest proportion of women in ministerial positions, at more than 52%, UN Women data shows. a labor market running hot) would finally fuel wage inflation are slowly running...

Vladimir Putin discusses James Comey firing before playing hockey

12 May 2017, 11:51

Putin, speaking to CBS News correspondent Elizabeth Palmer before he took the ice at a hockey game in Sochi in which he was participating in, also said Comey's firing will "have no effect" when asked whether the dismissal would impact relations bet...

Snapchat posts huge loss as maiden results disappoint

12 May 2017, 11:44

Snap reported Q1 revenue of $ 150 million , a 286% increase from this time a year ago but below the expected $158 million. Quarterly revenue exploded to $149.6 million in the first quarter, nearly a four-fold increase from the quarter before, but ...

The debut for Hughes: Canada rookie tied for lead at Players

12 May 2017, 11:27

Told that no one had made eagle on both par 5s on the back nine in the opening round, McGirt didn't have an answer. McGirt is just the 26th player to record two eagles in one round during The Players Championship and just the sixth to do so on the ...

China, US reach agreement on beef, poultry and natural gas

12 May 2017, 11:26

BEIJING (AP) - A new trade deal with the US could help feed China's growing appetite for beef and increase natural gas imports but will likely make only a negligible dent in the USA trade deficit. The agreement covers a number of long-standing barrie...

Dollar gains against yen after traders discount US data

12 May 2017, 10:54

The Fed kept interest rates unchanged, downplayed weak first-quarter economic growth and emphasized the strength of the labor market in its statement following the end of a two-day policy meeting. They also said inflation is running close to their ...

Turkey Once Again Warms To EU Accession

12 May 2017, 10:44

Capital punishment has been banned in Turkey since 2004, two years after Erdogan's Justice and Development Party came to power, as it forms part of the requirements needed to join the EU. Tensions further increased after last month's referendum, whic...

BT Takes Aim at Executive Pay Over Italy Accounting Scandal

12 May 2017, 10:39

The job cuts will be dolled out to back-office and managerial sectors as BT simplifies its global services operations. BT is to cut 4,000 jobs including the boss of its global services business, as it battles to restore confidence after an accounti...

Apple Watch sales have almost doubled since past year

12 May 2017, 10:35

Revenue from China was down 14% year-on-year. Although the channel-inventory story should give Apple investors a bit more confidence in last quarter's iPhone performance (although, even with those dynamics factored in, iPhone is still on a "slo...

SBI ATM withdrawals are not going to be charged, clarifies bank

12 May 2017, 10:17

All normal Savings Bank accounts will continue to get eight free ATM transactions (five SBI ATMs + three other bank ATMs) in Metros and 10 free transactions in non-Metro (five SBI ATM + five other bank ATMs), apart from the bank transaction.

Paytm to acquire rival Freecharge; is free to sell to others

12 May 2017, 09:41

As per the agreement, Snapdeal founders are expected to get $15million each from the deal where as Nexus Venture partners would get around $50 million to $60million. It is nearly equal to the money it put in the home-grown marketplace. SoftBank is ...

Oil stable on expectations of extended OPEC-led production cut

12 May 2017, 09:41

The only good thing for oil prices to change its course now is the summer driving season in the United States which would result in incremental demand for gasoline and in turn the reduction in oil inventories. The bank also said that a fall by 5.3-mi...

Trump creates panel to investigate voter fraud

12 May 2017, 09:22

Not only did the Rutgers prof urge educators to turn their back on Trump's commission, but she went on to propose they create their own working group to present alternate facts to Trump's effort. He later helped lead the fight against President Obama...

Aussie levy has Kiwis feeling the banking pinch

12 May 2017, 08:37

In broader economic forecasts, the Turnbull government's optimism about returning the budget to surplus by 2020-21 also suffered a blow on Thursday, with Deutsche Bank slashing United States growth forecasts for 2018 by 1 per cent as the government l...

Federal budget 2017-18: Victoria treated unfairly on infrastructure

12 May 2017, 08:30

Now the nation's top five banks - the Commonwealth, NAB, Wespac, ANZ and Macquarie - will be hit with a 0.06 per cent bank levy on their deposits, starting from July 1 this year. "Mr Turnbull is asking for battlers on $50,000 and $60,000 a year to in...

Conte: Players just needed hugs after win

12 May 2017, 07:46

Goals by Pedro, Gary Cahill and Willian gave Antonio Conte's Chelsea side a comfortable win in the end but the Spurs team they beat 4-2 in the FA Cup semi-final last weekend are showing remarkable resilience in the league. I think it's great to hav...

I might release tax returns -- when I'm out of office

12 May 2017, 07:04

President Donald Trump said in a published interview he may release his tax returns after he is out of office and said that he is "very proud of them". Mr President, can I just try you on a deal-making question? Democrats have long demanded ...

Taking a Fresh Look at The Coca-Cola Company (KO)

12 May 2017, 06:56

Susquehanna Bancshares Inc set a $39.00 target price on shares of The Coca-Cola and gave the company a "hold" rating in a research report on Tuesday, April 25th. Thanks to a rise of nearly 1.16% in the past five days, the stock price is now up 13.17%...

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