Markets

Indonesia c.bank seen holding key rate steady even if Fed raises

The price of oil has been slipping on concerns that supplies will outweigh demand. The latest CPI for February is expected to show inflation running even closer to 3 percent. What investors are likely more interested to hear is what Fed Chairwoman Janet L. Yellen says about the pace of future increases. "Also, we haven't seen any major increase in expectations for a June rate hike; the market is n... [Full Article...]

HSBC Appoints AIA Group Executive Mark Tucker As Chairman

HSBC Appoints AIA Group Executive Mark Tucker As Chairman The incoming chairman is now a non-executive director of Goldman Sachs and will stand down from that role before joining the board of HSBC . Bitcoin prices immediately dropped on the news before subsequently recovering. "He has been a highly successful CEO managing very large organisations in the insurance and asset management industries and gained valuable insight into investment banking as a ... [Full Article...]

Russian oil major says United States shale growth imperils OPEC deal

Russian oil major says United States shale growth imperils OPEC deal US crude fell in early Asia on Monday with the market poised for a busy week of central bank policy reviews and reports from the Organization of Petroleum Exporting Counties and the International Energy Agency on global supply and demand levels. [Full Article...]

Bus fleeing fatal accident strikes crowd, kills at least 30

Bus fleeing fatal accident strikes crowd, kills at least 30 The musicians were performing in a rara parade, a Haitian tradition popular in the days leading up to Easter, in which musicians and their audience fill the streets. The musicians were taking part in a rara parade, which involves playing traditional instruments and being joined by passers-by. It was not immediately clear what caused it to veer off course. [Full Article...]

USA mortgage activity rises to highest since December: MBA

USA mortgage activity rises to highest since December: MBA Mortgage rates have soared to their highest levels of the year. "The 10-year Treasury yield rose about 10 basis points this week", says Sean Becketti, chief economist for Freddie Mac . The shorter term 15 year loan interest rates are published at 3.710% yielding an April of 3.894%. 15-year FRM this week averaged 3.42 percent, with an average 0.5 point, up from last week when it averaged 3.32 ... [Full Article...]

Moon leads ahead of South Korea presidential vote

Moon leads ahead of South Korea presidential vote Park was impeached in December, 2016 on charges of receiving bribe from businesses and abusing her powers in a scheme with her longtime confidante Choi Soon-sil. Park and Choi deny any wrongdoing. His father was a menial worker at a prisoner-of-war camp in Geoje while his mother peddled eggs in the nearby port city of Busan, with the baby Moon strapped to her back, the politician wrote in his au... [Full Article...]

Marathon Oil Breaks Below 200-Day Moving Average - Notable for MRO

Marathon Oil Breaks Below 200-Day Moving Average - Notable for MRO Zweig DiMenna Associates LLC bought a new position in Marathon Petroleum Corporation during the third quarter worth approximately $219,000. Finally, Schwab Charles Investment Management Inc. The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Thursday, February 16th will be given a $0.36 dividend. [Full Article...]

Wegmans ranks #2 on 100 Best Companies to Work For list

Wegmans ranks #2 on 100 Best Companies to Work For list Applicant companies opt to participate in the selection process, which includes an anonymous employee survey and an in-depth questionnaire about their programs and company practices. Findings are calculated by Fortune magazine and Great Place to Work. The prestigious ranking of the top companies in the U.S.is based on employee ratings of their workplace culture, including the level of trust th... [Full Article...]

The Trump job market looks a lot like Obama's

He noted that job growth was broad based and there has even been some growth in the mining and energy sector, which had lost jobs in recent years because of the decline in oil prices. Steve Liesman, an economics reporter on CNBC, called the ADP figure "a big number". The ADP survey covers only private businesses and often diverges from official figures. [Full Article...]

Stock set to rise today: H & R Block Inc(NYSE: HRB)

Stock set to rise today: H & R Block Inc(NYSE: HRB) State Street Corp now owns 10,032,122 shares of the company's stock valued at $230,630,000 after buying an additional 379,197 shares during the period. H & R Block (NYSE: HRB ) last announced its quarterly earnings data on Tuesday, March 7th. The business's revenue for the quarter was down 4.8% on a year-over-year basis. [Full Article...]

How Congress responded to Trump's request to investigate the Obama administration

How Congress responded to Trump's request to investigate the Obama administration In a Saturday tweet, Mr. Trump said: "Terrible!" "It's called a wrap-up smear", Pelosi said of the wiretapping claims. However, some conservative media outlets have been pushing these claims in recent days, which may be where Mr. Trump followed his DNC tweet with another question on Sunday, tagging the Fox and Friends TV show in the tweet. Trump wrote. He added: "Just out: The same Russian Amb... [Full Article...]

Deutsche Bank to raise $8.5B, reorganize retail in Germany

Deutsche Bank to raise $8.5B, reorganize retail in Germany It is now planning for 2018 adjusted costs of about 22 billion euros and with 21 billion by 2021, both including Postbank and compared with 24.1 billion euros in 2016. "The overall mix of businesses becomes a little more stable". The Wall Street Journal also reports that a recombination of the bank's investment banking and trading divisions is being weighed up. [Full Article...]

PSA completes deal for GM's Opel

GM's European operations have lost money for 16 consecutive years and were nearly sold in 2009. The "non-compete" clause was finally resolved when PSA made a decision to put in more into the pension, taking it up to $2 billion from $1 billion which was initially offered to GM. [Full Article...]

Uber CEO apologises for being rude with his own driver

Uber CEO apologises for being rude with his own driver Harry Campbell, who drives for Uber in California, says driver pay has gone down while Uber's corporate valuation has grown to over $60 billion. Following Riggetti's Medium post , CEO Travis Kalanick, board member Ariana Huffington, former Attorney General Eric Holder were among those who directly involved themselves with investigations. [Full Article...]

Abercrombie & Fitch Co. (NYSE:ANF)

This is a drop from ANF's revenue of $1.11 billion that was reported in the fourth quarter of 2015. Yet most investors instead focused on positive comments for the coming year, which included predictions for improving comparable sales throughout 2017. [Full Article...]

Dow Jones Hits Record 21000 as Wall Street Cheers Trump's Speech

Dow Jones Hits Record 21000 as Wall Street Cheers Trump's Speech Internet, semiconductor, and steel stocks also saw notable weakness, while some strength was visible among utilities stocks. Futures on the Dow Jones Industrial Average (DJIA) are 12.4 points below fair value. Perrigo said the sale will hurt its earnings, but noted it plans to use the proceeds to pay down some of its debts. The 30-year yield climbed above 3 percent. [Full Article...]

'India will come hard at us'

Australia played well and we didn't adapt. Karnataka State Cricket Association secretary Sudhakar Rao said they had not received any suggestion from the Indian team and were focusing on preparing a pitch which would provide a fair-contest between bat and ball. [Full Article...]

Nintendo Switch brings back the widely reviled Friend Codes

Nintendo Switch brings back the widely reviled Friend Codes The Nintendo Switch launches alongside nearly a dozen games, including. The Nintendo Switch is almost here - and it's bringing back cartridge-based home gaming. Beyond Nintendo, no companies seemed to be producing titles for the Wii U and over the past year even first-party support took a big dip as the company shifted its focus to the Switch . [Full Article...]

Drug suspects cut way out of Philippines police facility

Ronald dela Rosa told reporters the sooner police returned to the fight better, otherwise gains made against drug traders could be lost. The PNP's anti-drug operations came under fire after human rights group Amnesty International claimed that police officers were paid as much as as much as?15,000 per drug suspects killed. [Full Article...]

Peugeot boss has 'constructive' Vauxhall talk with union

Mr Tavares is also due to meet with Business Secretary Greg Clark as the Government scrambles for assurances over the 3,400 people that work at Vauxhall's plants at Ellesmere Port and Luton. United Kingdom business minister, Greg Clark, said that talks with Tavares were constructive and reassuring. They also doubt PSA, owned 13% by the French government and 14% by the founding French family Peug... [Full Article...]


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