Finance


Mobileye, Tesla to part ways
- August 04, 2016

The initial police report into the crash estimated Brown's speed at 65 miles per hour. At around 4:40 p.m., Brown was driving his Model S on Autopilot at 74 miles per hour, according to data downloaded from the auto. Brown died at the scene. A Florida Highway Patrol investigation is continuing and the police force has no plans to criminally charge the truck driver, Sergeant Kim Montes said Tuesday. (more...)
Oil down 3% on worry over OPEC output, US rig count Oil down 3% on worry over OPEC output, US rig count
- August 04, 2016

This, and macroeconomic uncertainty, means the imbalance between demand and supply is likely to persist for a while longer, the note said. A 0.45 million barrel drawdown in gasoline stocks could have been supportive for oil prices, but this was offset by a 0.5 million barrel build in distillates. (more...)
Indian parliament to vote on new sales tax, rate in focus
- August 04, 2016

India's parliament is due to vote on the much-awaited Goods and Services Tax (GST) bill on Wednesday. Finance Minister Arun Jaitley informed Rajya Sabha on Wednesday that the IT infrastructure in the form of the GST Network was progressing on time. (more...)
Caixin China services PMI slips in July Caixin China services PMI slips in July
- August 04, 2016

The pace of contraction was comparatively sharper than that seen for total business activity, and the fastest since March 2009, it added. United Kingdom services, the largest sector in the world's fifth largest economy posted their biggest contraction since the height of the global financial crisis in July as Britain's vote to leave the European Union hit confidence, IHS Markit said on Wednesday. (more...)
GM, Ford Say July US Sales Fell
- August 03, 2016

A decline in used-vehicle prices, spurred by an increase in off-lease vehicles, will also undermine new-vehicle sales in coming months, some analysts say. Honda surprised analysts with a 4.4 per cent increase instead of an estimated 0.4 percent decline on the back of strong crossover utility sales: CR-V sales rose 13 per cent to 36,017, securing its place as the segment's top seller. (more...)
Japan Cabinet OKs new stimulus package to pump up growth
- August 03, 2016

Michael Moen, fixed income investment manager for Aberdeen Asset Management Asia, also does not expect any material impact on the firm's portfolios. The Bank of Japan, which first took its key interest rate below zero on January 29, last week unveiled limited additional stimulus measures that didn't lower the benchmark further or increase its bond buying program. (more...)
BMW profits rise on sales of 7-Series, SUVs BMW profits rise on sales of 7-Series, SUVs
- August 03, 2016

The group's revenue rose by 4.5 per cent to 25 billion euros ($28 billion) in the second quarter . That brought underlying, or operating, profit to €2.7bn - 8% higher than the same period in 2015. In June, electric vehicles accounted for four per cent of all BMW vehicles sold in Western Europe . Mercedes-Benz posted record July U.S. sales, pulling further ahead of BMW AG's namesake brand and Toyota Motor Corp.'s Lexus in the luxury-auto sales race. (more...)
Gold Star families demand apology from Trump
- August 03, 2016

That's a man seeking to be commander-in-chief of the military who treated a Gold Star mom as if she was a mere tool of her husband. Republican presidential candidate Donald Trump walks away after speaking to reporters before a town hall event, Monday, Aug. (more...)
Thousands Attend Funeral for Slain Priest in France
- August 03, 2016

The debate about the financing of mosques in France was revived by last week's slaying of an elderly priest in a Normandy church by two Islamic extremists. A woman at a church in central Paris told Aljazeera : "I'm a practising Muslim and I came to share my sorrow and tell you that we are brothers and sisters". (more...)
Security Tightened at Amsterdam Airport in Response to Threat Security Tightened at Amsterdam Airport in Response to Threat
- August 02, 2016

After a stop of around one and a half hour the passengers got in the bus again and the bus driver continued his way to Amsterdam Schiphol Airport. Another broadcaster, NOS, said police had detained a "confused man". "The airport and its surrounding area remain accessible and all operations can continue as usual", the statement said. The current "substantial" terrorist threat level in the Netherlands means there is a real chance of a terrorist attack, but there have been no direct ... (more...)
Hot Stock under Consideration: Whiting Petroleum Corp. (NYSE:WLL) Hot Stock under Consideration: Whiting Petroleum Corp. (NYSE:WLL)
- August 02, 2016

Shares of Whiting Petroleum Corp. The firm's revenue for the quarter was down 42.4% compared to the same quarter previous year. SIR Capital Management L.P. In the most recent quarter the company reported earnings of $-0.7 that ended on 2016-06-30. Several other research analysts have also commented on the stock. (more...)
Information session scheduled for Ellicott City residents after floods
- August 02, 2016

Howard County Executive Allan Kittleman, who vowed that Ellicott City would recover, described the 244-year-old town's epicenter as "a scene from a disaster movie". Governor Larry Hogan declared a state of emergency Sunday, and the National Weather Service says more rain could be on the way. Kittleman said in the aftermath of the storm, the city looked like a "war zone". (more...)
Federal Reserve Keeps Interest Rates at a Quarter of a Percentage Point
- August 01, 2016

Despite weak job creation in May, the FOMC, which sets the monetary policy, said employment and economic growth had grown at a moderately since their mid-June meeting. "Rate normalization has fallen down the Fed priority list and will remain there until the dust is well settled on the financial markets and the economy", Jefferies economists predicted in a note last week. (more...)
Nusra Front splits from Al-Qaeda, but what exactly did Jolani say?
- August 01, 2016

Leader Abu Mohammed al-Julani said its new name would be Jabhat Fateh al-Sham (Front for the Conquest of Syria). In a recording aired by Al Jazeera's Arabic news channel, al-Julani thanked the "commanders of Al Qaeda for having understood the need to break ties". (more...)
Heavy storms cause major flooding in parts of mid-Atlantic Saturday evening
- August 01, 2016

Police said several people were trapped in partially submerged vehicles in the Woodberry area. "We will keep you posted as new developments happen, but this is going to take some time to get everything together". One person drowned and more than 100 others had to be rescued after heavy rains caused "severe" damage in Maryland this weekend. Part of Main Street collapsed in the flooding. (more...)
European Union banks stress test results by core equity capital European Union banks stress test results by core equity capital
- July 31, 2016

BMPS was a long way ahead of the banks with the nearest worrying transitional CET1 ratio. The plan would see a writedown of around 10 billion euros in bad loans followed by a recapitalisation of 5 billion euros and is due to be examined by the European Central Bank on Thursday, Italian financial daily Il Sole 24 Ore reported. (more...)
Lester recovers from rut of bad starts, Cubs rout Mariners
- July 31, 2016

Lester had a five-run lead through three innings as David Ross and Jason Heyward homered. Coverage from Wrigley Field gets underway at 10:00 a.m. with the pregame show and an 11:20 a.m. Plate umpire Eric Cooper also needed a clean look, and with Baez lingering outside the batter's box , shoved the player out of the way. Maddon characterized his conversation with La Stella as being hard and said he didn't expect the versatile utility man who he referred to as a big-league hitter would ... (more...)
Bud-Miller $105 billion deal is back on track
- July 30, 2016

AB InBev responded by saying it believes the proposed combination "represents a compelling opportunity for all SABMiller and AB InBev shareholders". SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. (more...)
Fed isn't raising rates this summer Fed isn't raising rates this summer
- July 30, 2016

The figure is the broadest measure of goods and services produced across the U.S. Stock markets have also bounced back quickly from Brexit and are at all-time highs. data remains firm. At the start of the year, the Fed projected that it would raise rates four times in 2016. "Therefore, we don't believe they will signal a hike", he added. (more...)
Everything you need to know for Tax Free Weekend Everything you need to know for Tax Free Weekend
- July 30, 2016

Tax free school supply weekend is next weekend, August 6-7, but unfortunately for many Tennessee Valley parents, that's after school has already started. Shoes are eligible for the tax exemption. But analysts say the holiday doesn't all up to all that much in an increase in total spending. Past year shoppers saved an estimated $3.3 million in taxes during this tax holiday in 2015 based on a study done by University of Cincinnati Economics Center. (more...)
NextEra agrees to buy Texas electric giant Oncor for $18.4B NextEra agrees to buy Texas electric giant Oncor for $18.4B
- July 30, 2016

The sale to the Hunt group fell apart because of stipulations imposed by regulators on the consortium's plan to turn Oncor into a tax-friendly real estate investment trust. Next Era has operated in Texas for 15 years and invested more than $8 billion in power transmission and generation there. "If approved, it is a turnabout to the Energy Futures nightmare", said Erik Gordon, a professor at the University of Michigan'sRoss School of Business. (more...)
Guardiola: Nasri yet to play in pre-season because of weight
- July 30, 2016

He also stood out in Guardiola's first game in charge - the 1-0 defeat to Bayern Munich - and hopes to have made the most of his opportunity with the first team, after several players were given more time off in preseason because of Copa America and Euro 2016 commitments. (more...)
American GDP grows a weak 1.2 percent in second quarte
- July 30, 2016

Gross domestic product, the broadest measure of goods and services produced across the US, grew at a seasonally adjusted annual rate of 1.2% in the second quarter, the Commerce Department said Friday. The price index for personal-consumption expenditures rose at a 1.9% from the prior quarter. GDP growth hasn't exceeded four percent in fifteen years - and hasn't eclipsed the three percent threshold since 2005. (more...)
Facebook could owe $5 billion in taxes Facebook could owe $5 billion in taxes
- July 30, 2016

Facebook said it would challenge the Internal Revenue Service ( IRS ) assessment in the US Tax Court when it becomes final. "This is what companies do when they transfer their own assets; they try to value them as low as possible and when the issue is litigated, they usually end up somewhere in the middle". (more...)
Paschi Approves Capital-Raising Plan, Forms Bank Consortium
- July 30, 2016

Italy's finance minister, Pier Carlo Padoan, said the government endorse the deal put together to raise €5bn and sell €9.2bn of bad debts: "The government is greatly satisfied with the operation (the deal) launched today by Monte dei Paschi of Siena". (more...)