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Economy

The Rs 8,400 crore Initial Public Offering by private insurer SBI Life Insurance Co Ltd that opened on Wednesday is attracting good investor interest, a company spokesperson said. The capital markets regulator issued final observations on SBI Life's IPO on 4 September. JM Financial Institutional Securities, Axis Capital, BNP Paribas, Citigroup Global Markets India, Deutsche Equities India, ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets are the book running lead ...
  • US Fed announces plan of $4.5 tn balance sheet reduction

    US Fed announces plan of $4.5 tn balance sheet reduction

    Economy

    The Fed, as expected, said it would begin to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities - acquired in the years after the 2008 financial crisis - from October. Against the euro, the dollar climbed 0.7% to $1.1916 and versus sterling the dollar was flat at $1.3509. Those selections would afford him an unusual opportunity to impose his personal stamp on the world's most powerful central bank.
  • Costcutter becomes first United Kingdom retailer to introduce finger vein payments

    Costcutter becomes first United Kingdom retailer to introduce finger vein payments

    Economy

    Fingopay's electronic reader, created by biometric identification and authentication service provider Sthaler , maps the veins in the user's fingers and links this back to the person's bank account. "Today's millennial generation now expects a higher level of ease, security and efficiency from the way that we pay", he said. Customers who register to associate their vein signature with their bank card can use their finger to make payments in three seconds.
  • Sprint and T-Mobile said to agree tentative terms of merger

    Sprint and T-Mobile said to agree tentative terms of merger

    Economy

    Once the terms are set, the two companies would perform due diligence and then the deal is expected to be complete by the end of October. The unnamed sources conceded the deal could still fall through. The companies declined to comment on the report. Analysts have said that revenues from a combined company could top $70 billion, Reuters reports.
  • Research Ratings: Nabriva Therapeutics plc (NBRV), Rentech, Inc. (RTK)

    Economy

    If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and global trademark & copyright law. Goodhaven Capital Management Llc holds 4.97% of its portfolio in Federated Investors Inc for 435,305 shares. Royal Bank of Canada now owns 52,807 shares of the biotechnology company's stock worth $553,000 after buying an additional 8,650 shares during the last quarter.
  • 'Unlawful' KPMG South Africa under fire

    'Unlawful' KPMG South Africa under fire

    Economy

    KPMG, one the world's so-called big four accountancy firms, is emerging as the most prominent global company to be snared in the South African scandal, after admitting that work for the Guptas fell short of acceptable standards. On 15 September 2017, chief executive of KPMG's South African arm, Trevor Hoole, resigned with the firm's chairman, chief operating officer and five senior partners also departing following an internal investigation into the work the firm carried out on behalf of the ...
  • Is Now the Time to Buy Vanguard Tax-Exempt Bond Index Fund (VTEB)?

    Economy

    Chart analysts may also use the indicator to project possible price reversals and to define trends. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The CCI technical indicator can be used to help determine if a stock is overbought or oversold.
  • Stocks Close Lower as Investors Digest Fed Decisions

    Stocks Close Lower as Investors Digest Fed Decisions

    Economy

    He added, "Given these latest projections and the broadly unchanged language on inflation in today's policy statement, we now expect the Fed to push on and raise rates again in December". Considerable weakness was also visible among oil service stocks, as reflected by the 1.4 loss posted by the Philadelphia Oil Service Index. The Dow Jones Industrial Average .DJI rose 39.45 points, or 0.18 percent, to 22,370.8, clocking its sixth straight record close.
  • Credit Suisse AG Decreases Holdings in Emerson Electric Company (EMR)

    Economy

    Shares of Discovery Communications, Inc. It last reported revenues of $1.75 billion and EPS of $0.68 for the June 2017, representing 2% top-line growth and 0.66 EPS growth. Royal Bank Of Canada restated a "sector perform" rating and set a $62.00 price target (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd.
  • Noteworthy Stock to Watch For: The PNC Financial Services Group, Inc. (PNC)

    Noteworthy Stock to Watch For: The PNC Financial Services Group, Inc. (PNC)

    Economy

    They see The PNC Financial Services Group, Inc . (The) were worth $16,045,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in the stock. Jefferies Group LLC reissued a "hold" rating and set a $136.00 target price on shares of PNC Financial Services Group, Inc. (NASDAQ:CPSS) earned "Buy" rating by Jefferies on Monday, July 24.
  • NewLink Genetics Corporation (NLNK) closed at $12.09 in the last trading session

    Economy

    The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. When we look at the Volatility of the company, Week Volatility is at 16.53% whereas Month Volatility is at 12.80%. The stock closed at $96.41 by scoring -0.07%.
  • Hot Stock to Watch: Frontier Communications Corporation (FTR)

    Economy

    Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Following previous thoughts, shifting focus on performance of the Frontier Communications Corporation (NASDAQ: FTR ) that has shown a discernible change in trend levels over the path of recent market activity.
  • Rio Tinto plc's (RIO)

    Rio Tinto plc's (RIO) "Outperform" Rating Reaffirmed at Macquarie

    Economy

    Hedge funds and other institutional investors own 6.87% of the company's stock. Several analysts recently weighed in on RIO shares. Rio Tinto will return $2.5 billion to shareholders in a buyback after selling most of its Australian coal assets to China-backed Yancoal, the mining giant said Friday.
  • Sanctions will spur nuclear plans: NKorea

    Sanctions will spur nuclear plans: NKorea

    Economy

    The more sanctions the U.S. and its allies impose on North Korea, the faster it will move to complete its nuclear plans, the reclusive nation's official KCNA news agency says, citing a foreign ministry spokesman. Kim Su-min, a lawmaker in the People's Party, expressed worry that South Korean officials heard nothing from Washington before both Mattis' and Trump's remarks.
  • Kinder Morgan Inc (NYSE:KMI) Institutional Investor Sentiment Trend

    Kinder Morgan Inc (NYSE:KMI) Institutional Investor Sentiment Trend

    Economy

    Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. About 111,102 shares traded or 17.32% up from the average. Japan-based Sumitomo Life Ins has invested 0.21% in Kinder Morgan Inc (NYSE: KMI ). Cutter Brokerage holds 0.11% of its portfolio in Intrexon Corp (NYSE:XON) for 11,225 shares.
  • Sensex crashes 448 points at 31922.44 on falling rupee

    Sensex crashes 448 points at 31922.44 on falling rupee

    Economy

    About four shares declined for every share rising on the BSE. The Dow Jones Industrial Average fell 53.36 points, or 0.24%, to 22,359.23 points, the S&P 500 lost 7.64 points, or 0.30%, to 2,500.6 points and the Nasdaq Composite dropped 33.35 points, or 0.52%, to 6,422.69 points.
  • US Fed keeps base interest rate at 1-1.25%

    Economy

    Many analysts expect the yellow metal to be under pressure in the next few months, particularly if the Fed decides to increase rates later this year. "They have never done this before, so we don't know how the markets are going to react", he said. "But it also cut its long-term interest rate projection and this has somewhat slowed the dollar's gains versus the yen by causing the U.S.
  • Trevor Deely Search In Dublin Ends With 'Nothing Found'

    Trevor Deely Search In Dublin Ends With 'Nothing Found'

    Economy

    Gardaí have not said whether they believe a gun found at the site last month is related to the disappearance. The extensive search of a three-acre woodland site in Chapelizod began just under six weeks ago after police obtained new information.
  • Stock'S Earning Overview Crown Castle International Corp. (CCI)

    Economy

    Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The stock decreased 0.31% or $0.32 during the last trading session, reaching $101.84. Its down 0.11, from 1.42 in 2016Q3. A number of other institutional investors and hedge funds have also made changes to their positions in CCI. The transaction change kept by insiders has seen a change of 0.96% in last six month period.