Markets

BJP, government cheer Moody's ratings upgrade

BJP, government cheer Moody's ratings upgrade

President of industry chamber Ficci Pankaj Patel said the development underlines the fact that India is moving in the right direction. "Over a point of time, this will reduce borrowing costs of the government and financial institutions and result in increased investor confidence in the India growth and reform story", SBI Chairman Rajnish Kumar said. Read More

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Homicide Detective Killed While Investigating Case

Homicide Detective Killed While Investigating Case

When Suiter approached a suspicious man, the man opened fire, police say. Sean Suiter, an 18-year veteran of the department, died at a hospital Thursday. She said Baltimore can and will "do better", if all city residents pitch in. "He may be wounded", Davis says. Davis said police believe one or two people may know or suspect who killed Suiter, and the shooter may have interacted with people in the hours since shooting Suiter. Read More

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Standpoint Research Lowers Abercrombie & Fitch Company (ANF) to Hold

Standpoint Research Lowers Abercrombie & Fitch Company (ANF) to Hold

Suntrust Banks holds 0% of its portfolio in Abercrombie & Fitch Co. Abercrombie & Fitch Co. provided guidance for its fourth quarter of 2017 in its most recent earnings report. During the same period in the prior year, the company earned $0.02 earnings per share. The stock of Aspen Group Inc (NASDAQ:ASPU) hit a new 52-week high and has $9.49 target or 6.00% above today's $8.95 share price. Read More

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Keystone Pipeline leaks 210000 gallons of oil in South Dakota

Keystone Pipeline leaks 210000 gallons of oil in South Dakota

CST (5 a.m. MST) after a drop in pressure was detected in its operating system resulting from an oil leak that is under investigation", TransCanada said in a statement shortly after the spill. TransCanada is providing state and federal regulators, including the Pipelines and Hazardous Materials Safety Administration and the National Response Center, with accurate and confirmed information on an ongoing basis. Read More

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IEA oil demand forecast scaled back

IEA oil demand forecast scaled back

The largest disruptive force to supply will be shale production in the USA - the IEA estimates United States crude oil will reach peak output in the 2020s of around 17m bpd. After an upbeat performance last week, oil prices edged lower for a second day Tuesday. The International Energy Agency on Tuesday delivered a more cautious outlook for oil demand. Read More

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Amazon Spins off Cloud Business to Chinese Firm

Amazon Spins off Cloud Business to Chinese Firm

According to the company, it is selling hardware to comply with laws that forbid ownership or operation of certain types of cloud technology. Sinnet, which began operating the Amazon services in August 2016, said in a filing late on Monday the pending purchase would help the unit "comply with local laws and regulations and further improve service quality and security". Read More

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Pogba predicted Martial return

Pogba predicted Martial return

Manchester United have lost two of their last three Premier League games and are now eight points behind league leaders and neighbors Manchester City. Pogba provides a different handshake for nearly every player in the France squad that he greets. A report from the Daily Mail states that Paul Pogba , Michael Carrick and Marcos Rojo have all trained with United's reserve squad during the worldwide break, with Zlatan Ibrahimovic not far off a return to team training either. Read More

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A Human Driver Caused a Collision During a Self-Driving Shuttle's Debut

A Human Driver Caused a Collision During a Self-Driving Shuttle's Debut

The driver was written up for illegal backing, according to reports. After considerable investment and months of preparation, a driverless bus has crashed in its first hour of service in downtown Las Vegas . The shuttle, made by French startup Navya and owned and operated by French private transportation company Keolis, operates on a 0.6-mile loop around downtown Las Vegas offering free rides to residents. Read More

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European Union raises Turkey's growth forecast

GDP growth and inflation are therefore still dependent on policy support. The threats were evident in the bloc's forecasts for 2018 and 2019, when economic growth is expected to slow down. Domestic demand was the main driver of growth with both private and public consumption projected to expand strongly in 2017, while last year's "significant contribution" to growth from net exports was set to diminish this year, as imports grew faster than exports, the EC said. Read More

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All I want for Christmas is… a keg of ranch?

All I want for Christmas is… a keg of ranch?

The company thought through preserving its product, too-until the bitter end. What's the first thing that comes to your mind when you think of a keg? The keg has a special coating on the inside that reportedly meets Food and Drug Administration regulations, and will keep the ranch tasting fresh right down to the last dip. Read More

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Waymo pulls engineer from driver's seat on public roads

Waymo pulls engineer from driver's seat on public roads

Passengers will initially be accompanied in the back seat by a Waymo employee, but will eventually travel alone in the robotic auto. But experts have said the public should not expect this problem to be solved quickly. For instance, Waymo has touted its vans' automatic sliding doors, meaning the taxi won't be stuck if a passenger forgets to shut a door. But it most certainly signals a growing level of confidence by Waymo, and, by extension, Alphabet , in the technology developed by its ... Read More

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Paradise Papers Reveal Apple's Use Of Tax Havens

Paradise Papers Reveal Apple's Use Of Tax Havens

It said it remained the world's largest taxpayer, paying about $35bn (NZ$49bn) in corporation tax over the past three years, that it had followed the law and its changes "did not reduce our tax payments in any country". An Apple spokesman said the company hadn't engaged in any wrongdoing. " Apple pays tax at Ireland's statutory 12.5 per cent", Apple said in a statement on Monday night in response to global coverage of its tax affairs in this and other media outlets. Read More

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What Wall Street is saying about Broadcom's possible Qualcomm purchase

We will maintain our fair value estimates of $68 for narrow-moat Qualcomm and $203 for narrow-moat Broadcom, but we would probably raise our fair value estimate for Broadcom-perhaps as much as 25%-if a definitive deal were reached. Here's a wrap of what they've said so far. "We would not make this offer if we were not confident that our common global customers would embrace the proposed combination", Tan said in a statement . Read More

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Diesel sales drop, but hybrids and electric cars soar

Demand from business and fleet buyers fell 26.8pc and 13pc respectively, while registrations among private vehicle buyers dropped 10.1 per cent. Year to date registrations decrease -4.6%. Meanwhile, dealers reported -10.1% fewer private buyers taking delivery of new cars in the month. Richard Jones, managing director at Black Horse one of the UK's leading motor finance providers, and part of Lloyds Banking Group, believes the latest data suggests the new auto market is moving to a more ... Read More

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Fake Netflix email attacks subscribers' personal and credit information

Fake Netflix email attacks subscribers' personal and credit information

There is also a link that takes subscribers to a fake Netflix page seeking login information and a credit card number, according to MailGuard , a global SaaS email and web security company. This form is fake and will be used to steal your information. Unfortunately, scams are common on the internet and target popular brands such as Netflix and other companies with large customer bases to lure users into giving out personal information. Read More

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Saudi Princes Among Dozens Arrested In Apparent Move To Boost King's Son

Saudi Princes Among Dozens Arrested In Apparent Move To Boost King's Son

The king named Crown Prince Mohammed the minister of defence in 2015. In addition, Economy Minister Adel Fakieh was unseated by his subordinate, Mohammed al-Tuwaijri, the wire service says, according to state-run media. Kingdom Holding did not respond to requests for comment from The National . Prince Alwaleed controls Kingdom Holding and is one of the world's richest men. Read More

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New Zealand repeats offer to take Australia camp refugees

New Zealand repeats offer to take Australia camp refugees

Australia turned down on Sunday an offer to take 150 asylum seekers being held in an Australian-run detention center in Papua New Guinea, where United Nations officials have warned a humanitarian emergency is unfolding. Among them are about 90 Rohingya Muslims from Myanmar, about 200 men from Iran, and others from Afghanistan, Somalia and Pakistan. "We repeat our overall concerns about Australian offshore processing centres which are unsustainable, inhumane and contradictory to its human ... Read More

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Black Caps crush India thanks to Munro ton

Black Caps crush India thanks to Munro ton

India captain Virat Kohli attempted a comeback in the middle of the line-up, but his 65 runs off 42 balls weren't enough as India fell 40 runs short. When Siraj was brought back for his second over, he was treated with disdain by Munro as he slammed the bowler for a couple sixes over long on and mid-wicket. Read More

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Rand Paul assaulted at Ky

Rand Paul assaulted at Ky

Rep. She did not elaborate on the details of the assault or the extent of Paul's injuries, only saying that he was " fine ". Kentucky State Police have arrested Rene Bousher of Bowling Green with one count of assault. He was licensed in 1998. It is not known why Boucher was in his home at the time. WAVE 3 News was also able to confirm Boucher was a registered Democrat, but that registration in Rhode Island was canceled. Read More

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CME to launch bitcoin futures

CME to launch bitcoin futures

The surge in the price of Bitcoin no means that the aggregate value of all cryptocurrencies unsurprisingly hit a new record price as well of $184 billion on Wednesday. The value of digital currency Bitcoin has increased sevenfold since the beginning of the year. Speculators believe that Bitcoin futures are not the only reason behind the Bitcoin surge. Read More

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Tesla Inc. (TSLA) Receives Buy Rating from Nomura

Tesla Inc. (TSLA) Receives Buy Rating from Nomura

Tesla warned that its adjusted gross margin would decline to about 15 percent due to a higher mix of lower-margin Model 3 deliveries in the fourth quarter, but then recover in the first quarter of 2018. Wall Street is only getting neutral on the stock, with 7 of analysts who cover TSLA having a buy-equivalent rating. Tesla had other significant expenses. Read More

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Premier League Preview: Man Utd vs. Spurs

Premier League Preview: Man Utd vs. Spurs

ESPN's Alison Bender and Stewart Robson discuss who City's closest title rivals are ahead of Tottenham's match with Manchester United . The 45-year-old told reporters: "Not for tomorrow". Mourinho has won four of the previous seven, three of which were when he managed Chelsea, and Pochettino's four losses to a Mourinho-led side are his most against any other Premier League manager. Read More

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Amazon profits steady after digesting Whole Foods

For the third quarter ended September 20, Amazon.com posted net income of $256 million, or 52 cents per diluted share, compared with net income of $252 million, or 52 cents per diluted share, in the 2016 period. Amazon forecast fourth quarter operating income to range from $300 million to $1.65 billion. Amazon has begun charging for Alexa skills, as the online retailer looks to monetize the apps used by its Echo smart speakers. Read More

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SAP Faces US Probe Over South African Corruption Allegations

Corruption allegations surrounding the ANC-connected Guptas ensnared one of Germany's biggest companies as SAP SE joined worldwide businesses ranging from KPMG LLP to McKinsey & Co in reporting links with the family. However, four executives have been placed on administrative leave with three under disciplinary action. SAP will publish full findings of its investigation upon conclusion of the investigation. Read More

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China is churning out a new billionaire every 5 days

China is churning out a new billionaire every 5 days

Billionaire wealth increased 17 per cent to US$6 trillion ($8.7t) in 2016, after a decline the previous year, UBS AG and PricewaterhouseCoopers said in a report issued Thursday. In fact, the emergence of great wealth is bolstering art and sports more than ever before. Peer networks are playing an increasingly important role for billionaires when it comes to making and giving away money, the survey said. Read More

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