Finance

Finance Sensex, Nifty open lower on global cues, Sun Pharma falls 2.50%
Author: 0 Sensex, Nifty open lower on global cues, Sun Pharma falls 2.50%

The rupee dropped to a low of 64.26 per dollar (intra- day), its weakest level since August 16, on sustained foreign fund outflows despite a weak dollar overseas. Pharma major Sun Pharma is down by 2.63%, while ITC Lupin , Axis Bank, Adani Ports are down by at least 1%. At 9:27 am, the Sensex was down 155 points or 0.49 percent at 31,653 level.

Finance US House sends self-driving auto bill to the Senate
Author: 0 US House sends self-driving auto bill to the Senate

Nevertheless, U.S. Transportation Secretary Elaine Chao, whose department runs the NHTSA, will be revealing the updated guidelines at an event next Tuesday in MI, according to Reuters . Per the bill, the National Highway Traffic Safety Administration will still be tasked with setting regulations for the manufacturing of self-driving vehicles.

Finance Lego to cut 1400 jobs as sales slide
Author: 0 Lego to cut 1400 jobs as sales slide

The company said it was part of a reset for the group, which has become increasingly complex over the past five years, making it harder for Lego to grow. He would seek a return to a leaner and more efficient organisation to respond to "losing momentum. which we think could ultimately lead to stagnation or even decline".

Finance Plastic particles found in tap water
Author: 0 Plastic particles found in tap water

The U.S. had the highest contamination rate at 94 percent, and water sampled from Europe to India and in parts of the Middle East had plastic contamination above 70 percent, according to the Orb study. By far the majority of particles found were fibres ranging from 0.1 to five millimetres (0.004-0.2 inches) in length. "If it's impacting (wildlife)", she told The Guardian , "then how do we think that it's not going to somehow impact us?" Professor Richard Thompson of Plymouth University, who ...

Finance Mobile One Family Plans Now Come With Netflix
Author: 0 Mobile One Family Plans Now Come With Netflix

Are there any caveats? . The offer, called " Netflix On Us", begins September 12 and existing customers can activate their subscription online , in-store, or by calling T-Mobile customer service. For customers that already have Netflix accounts, T-Mobile has promised to cover the cost of the subscription-a deal that's worth about $120 every year.

Finance Fischer Resigns, Helps Pound-to-Dollar Rate Takes Another Leg Higher
Author: 0 Fischer Resigns, Helps Pound-to-Dollar Rate Takes Another Leg Higher

Fischer cited "personal reasons" in his resignation letter to President Donald Trump. It is possible that Trump will reappoint Yellen but National Economic Council Director Gary Cohn has also been floated as a possibility. New Fed officials selected by Trump could slow the pace of rate hikes so the cheaper money would provide more economic stimulus. In a letter to President Donald Trump, Fischer, 73, said he was resigning for personal reasons and that the effective date would be on or ...

Finance Loonie Surges to Two-Year High After Bank of Canada Hikes Rates
Author: 0 Loonie Surges to Two-Year High After Bank of Canada Hikes Rates

Traders have put a 57% chance of a second rate hike this week, but conventional wisdom still places the next hike in October when the Bank of Canada will be able to present more new data and a full forecast. Lower interest rates generally stimulate economic activity, by making it cheaper for firms and consumers to borrow. The Canadian dollar cracked the $0.81 mark in wake of a report from Statistics Canada that revealed 4.5% GDP growth in the most recent quarter, the fastest pace since 2011.

Finance Anglo American Shares Price Up 0.4% After Analyst Upgrade
Author: 0 Anglo American Shares Price Up 0.4% After Analyst Upgrade

Barclays PLC lifted their price target on Dixons Carphone PLC from GBX 370 ($4.78) to GBX 400 ($5.17) and gave the stock an overweight rating in a research note on Thursday, June 29th. Citigroup holds 0% in McCarthy & Stone PLC (LON:MCS) or 53,753 shares. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock.

Finance Community Voices: DACA has been a godsend for college students
Author: 0 Community Voices: DACA has been a godsend for college students

Hours after Attorney General Jeff Sessions announced that the White House plans to rescind the Obama-era Deferred Action for Childhood Arrivals program, almost a thousand Yale students and New Haven residents took to the streets to voice their support for the DACA recipients - young undocumented immigrants who came into the country as minors - impacted by the government's action.

Finance Span A Spotted Above Span B for Magellan Midstream Partners LP (MMP)
Author: 0 Span A Spotted Above Span B for Magellan Midstream Partners LP (MMP)

It has outperformed by 22.86% the S&P500. Dearborn Partners LLC's holdings in Magellan Midstream Partners L.P. were worth $5,213,000 as of its most recent SEC filing. Therefore 78% are positive. 08/01/2014 - Martin Midstream Partners L.P. had its "outperform" rating reiterated by analysts at Raymond James. As per Wednesday, November 9, the company rating was maintained by RBC Capital Markets.

Finance Will follow Prabhu's road map, says Goyal
Author: 0 Will follow Prabhu's road map, says Goyal

Goyal said his relationship with Prabhu goes back to the time when his father was Prabhu's colleague in the Cabinet of prime minister Atal Bihari Vajpayee . Prior to this, he was Minister of State (Independent Charge) of Ministries of Power; Coal; New and Renewable Energy & Mines. "I am confident that he would contribute to the development of the nation", he said.

Finance United States crude prices rise as refineries restart production
Author: 0 United States crude prices rise as refineries restart production

Although many refineries and pipelines which were knocked out by Harvey are now in the process of restarting their operations and it will take some time before the United States oil industry is back to full crude processing capacity. Refineries were mostly up and running in Corpus Christi, Texas, where Harvey made landfall as a Category 4 hurricane. Convenience store and gas station chain, Circle K, a big buyer from Motiva, said the company was working with a limited supply.

Finance PBoC bans ICOs as regulators get tough on crypto
Author: 0 PBoC bans ICOs as regulators get tough on crypto

The news sent cryptocurrencies downward, with bitcoin dropping more than 8 percent during trading, while rival ethereum fell more than 16 percent. The news sent the price of Bitcoin tumbling to US$4,408, meaning the digital currency has fallen more than 12% since it reached fresh highs of nearly US$5,000 over the weekend.

Finance Sports Direct Up Ahead of AGM on Positive Trading Statement
Author: 0 Sports Direct Up Ahead of AGM on Positive Trading Statement

Ashley, who did not attend the meeting, is also the firm's chief executive. Standard Life Aberdeen , Fidelity and Hermes were among the major institutional shareholders to throw their weight behind the campaign to oust Hellawell, with backing from advisory businesses Pirc and the Institutional Shareholder Service.

Finance Intel escapes €1.06bn antitrust fine... for the time being
Author: 0 Intel escapes €1.06bn antitrust fine... for the time being

The lower court "was required to examine all of Intel's arguments" regarding a test to check whether the rebates used by the company was capable of harming competition, the EU Court of Justice in Luxembourg said Wednesday. Intel declined to immediately comment, saying it needed to study the ruling first. At the time, Intel was offering rebates to OEMs to retain the upper-hand over AMD in the market.

Finance Barry Callebaut launches red 'ruby' chocolate
Author: 0 Barry Callebaut launches red 'ruby' chocolate

Barry Callebaut says the reddish-colored chocolate is made from the Ruby cocoa bean, which lends its "berry-fruitiness" and color to Ruby chocolate . "It has a nice balance that speaks a lot to millennials". " Ruby chocolate is very different and clever stuff". As part of these studies, Ruby's consumer appeal and purchase intent have been tested, indicating consumers would buy Ruby chocolate at different price points.

Finance Bell Pottinger explores sale options after SA scandal
Author: 0 Bell Pottinger explores sale options after SA scandal

Lord Timothy Bell, who resigned last summer from the company he co-founded, told Newsnight he thought it was "almost certain" Bell Pottinger would not survive the scandal. "It appears that Chime's co-owners, Providence Equity Partners and WPP Group, sense the reputation risk is not worth the relative small cost to write down their investment".

Finance Ryanair blames flight delays for changes to its two-cabin bag policy
Author: 0 Ryanair blames flight delays for changes to its two-cabin bag policy

Ryanair has cut the hand luggage allowance from two to one bag on flights - unless you've paid £5 for priority boarding. "However, we believe offering bigger bags at reduced fees will encourage more customers to consider checking-in a bag, which will reduce the high volume of customers we have with two carry-on bags at the boarding gates".