Finance

Finance Qantas records strong profits, flags ultra-long haul flights
Author: 0 Qantas records strong profits, flags ultra-long haul flights

Qantas today posted its second-highest underlying profit result in the 97 year history of the national airline. The source added the return leg from London to Sydney would most likely take the more traditional route across Europe and Asia down to Australia.

Finance Victrex plc (VCT) Given
Author: 0 Victrex plc (VCT) Given "Hold" Rating at Deutsche Bank AG

Antofagasta plc using EPIC/TICKER code (LON:ANTO) has had its stock rating noted as "Reiterates" with the recommendation being set at "BUY" today by analysts at Citigroup. It has underperformed by 29.10% the S&P500. The company has market cap of 1.77 billion GBP. The Firm operates in three divisions: Property; Casualty, and Marine, Aviation & Political Risk (MAP).

Finance Saudi Arabia claims Qatar blocking flights to Mecca
Author: 0 Saudi Arabia claims Qatar blocking flights to Mecca

Makkah that draws millions of pilgrims on regular basis is considered one of the holiest cities in Islam. Qatar has denied the allegations. Bahrain, Egypt, Saudi Arabia and UAE cut their relations with Qatar in June over Doha's support to terrorism and its interference in their internal affairs.

Finance Amazon to cut Whole Foods prices amid intense grocery turf war
Author: 0 Amazon to cut Whole Foods prices amid intense grocery turf war

Amazon , wasting no time, is cutting prices on more than a dozen best-selling staples at Whole Foods come Monday, the day its $13.4 billion purchase of the supermarket chain is set to close. "E-commerce sales for our pet food brands grew 85 percent in the quarter while coffee sales in the channel more than doubled". Among other Whole Foods items getting discounts Monday: avocados, tilapia, baby kale, apples and rotisserie chicken — all organic, Amazon said .

Finance Canada, Mexico Are Skeptical of Trump's Nafta Remarks
Author: 0 Canada, Mexico Are Skeptical of Trump's Nafta Remarks

At a contentious rally in Phoenix, Arizona Tuesday , U.S. President Donald Trump stated that the NAFTA renegotiations, which began last week, will probably end with the U.S. He suggested a termination might help jump-start the negotiations, saying " I personally don't think you can make a deal without a termination ". "Personally, I don't think we can make a deal".

Finance Sears Sales Slide 11.5%
Author: 0 Sears Sales Slide 11.5%

The long-struggling retailer said on Thursday it was closing another 28 Kmart stores, the latest in a string of recent announcements of store shutterings amid a severely deteriorating business. Operating loss was $106 million versus an operating loss of $269 million in the year-earlier quarter. "The comprehensive restructuring of our operations is delivering cost efficiencies and helping drive improvements to our operating performance".

Finance Iowa lands Apple data center
Author: 0 Iowa lands Apple data center

State economic development officials this morning awarded almost 20 million dollars in tax incentives to Apple, which plans to place two data centers in the Des Moines suburb of Waukee. Incentives, usually in the form of tax breaks, are common way state economic development officials lure data center development to their states. The city of Waukee approved multi-year property tax abatements and infrastructure improvements totaling $194 million.

Finance Smucker shares hit two-year low, as coffee squeeze hits profits
Author: 0 Smucker shares hit two-year low, as coffee squeeze hits profits

The Orrville, OH-based packaged food products maker reported Q1 earnings per share (EPS) of $1.51, which was $0.11 worse than the Wall Street consensus estimate of $1.62. Smucker Company to report earnings of $2 per share for the current quarter. Additionally the company declared a dividend payable on Friday September 1st, 2017.

Finance Govt notifies Rs. 200 currency notes
Author: 0 Govt notifies Rs. 200 currency notes

Rs 200 notes could make their debut soon with the government notifying the new currency note. Around 50 crores notes of Rs 200 will be printed to avoid lack of notes and possibility of an illegal trade. But, due to the huge shortage of cash experienced during demonetization , the government had to print this high value note to improve cash circulation in the market.

Finance WPP shares in steepest fall since financial crisis
Author: 0 WPP shares in steepest fall since financial crisis

WPP revised its sales growth down from forecasts of 2% to just 0-1%, citing particular pressure in the FMCG or packaged goods sector and weak trading in America. WPP had previously rattled investors in March when the company also announced it had cut its sales forecast for 2017. WPP (WPP) has weighed on the FTSE 100 after cutting full-year sales targets against the backdrop of a weak advertising market.

Finance Pulling the Curtain Back on DCP Midstream, LP (NYSE:DCP)
Author: 0 Pulling the Curtain Back on DCP Midstream, LP (NYSE:DCP)

Shell Midstream Partners LP (NYSE: SHLX ) has declined 5.89% since August 21, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Therefore 73% are positive. Summit Midstream Partners had 22 analyst reports since August 7, 2015 according to SRatingsIntel. The rating has been disclosed to clients in a research note on Sunday morning.

Finance Trump Administration Unveils Sanctions To Curb North Korea's Weapons Program
Author: 0 Trump Administration Unveils Sanctions To Curb North Korea's Weapons Program

The US Treasury Department said the new sanctions targeted those helping already-designated individuals supporting North Korea's nuclear and ballistic missile programs and its energy trade. It is also seeking a civil penalty against the firms over alleged sanctions and money laundering violations. "China opposes the imposition of unilateral sanctions outside the framework of the UN Security Council, especially the "long-arm jurisdiction" imposed on Chinese entities or individuals by ...

Finance Air India chief Ashwani Lohani appointed chairman of Railway Board
Author: 0 Air India chief Ashwani Lohani appointed chairman of Railway Board

The head of India's railways has quit after a series of deadly accidents on the crumbling network, an official said Wednesday. Mr Lohani, 58, belongs to the 1980 batch of the Indian Railways Service Mechanical Engineers. He successfully piloted the nomination of the Darjeeling Himalayan Railway as a UNESCO world heritage site. Holding the Limca National Record for four engineering degree, he is a qualified chartered mechanical engineer from I.Mech.

Finance The Top Three Holders Of Salesforce.com, inc. (CRM)
Author: 0 The Top Three Holders Of Salesforce.com, inc. (CRM)

Get this and other reports immediately when you try Morningstar Premium free for 14 days . (NYSE: CRM ). Alyeska Investment Gp Lp invested in 1.43% or 2.32M shares. In 2016, Salesforce was No. 1 worldwide with 18 percent share, the research firm said. Weaver Amy E sold 400 shares worth $36,339. (NYSE: CRM ) earned "Buy" rating by Canaccord Genuity on Thursday, May 19.

Finance Oil prices slip as Libyan production improves
Author: 0 Oil prices slip as Libyan production improves

Benchmark Brent crude was up 30 cents at $51.96 a barrel by 1345 GMT. Supply data from the Energy Information Administration will be released Wednesday morning. However, top exporter Saudi Arabia has said its exports would drop to 6.6 million bpd this month, nearly 1 million bpd below levels a year ago. A slowdown in United States shale industry has helped the global market recover from this year's low of $42 a barrel.

Finance UBS Cuts Rating On Foot Locker, Inc. (FL) To
Author: 0 UBS Cuts Rating On Foot Locker, Inc. (FL) To "Neutral"

Foot Locker's market capitalization fell to $4.3 billion today from $4.5 billion on Friday. It is having a couple of terrible trading sessions fueled by a miss from the firm's biggest customer, Foot Locker . For FL, the company now has 1.04 billion of cash on the books. FBR Capital's target price suggests a possible upside of 20.45 % from the close price of the company.

Finance Board under pressure after Sikka's exit
Author: 0 Board under pressure after Sikka's exit

Sikka cited among his reasons for leaving, "the distractions that we have seen, the constant drumbeat of the same issues over and over again, while ignoring and undermining the good work that has been done, take the excitement and passion out of this awesome journey".

Finance Ford launches scrappage scheme - at least £2000 off a new auto
Author: 0 Ford launches scrappage scheme - at least £2000 off a new auto

The scrappage programme will run until the end of the year, effective for new auto registrations from September 1 to December 31 2017 , Ford said. At the lower end, drivers will receive £2,000 off a Ford Fiesta while at the top end those who trade in their auto and purchase a Transit van, will get a £7,000 discount.

Finance IBM Will Help Walmart, Nestle Sell Safer Food
Author: 0 IBM Will Help Walmart, Nestle Sell Safer Food

It can take weeks to identify the precise point of contamination, causing further illness, lost revenue and wasted product. "We're asking companies to join to help evolve the solution and guide and steer its direction", said Brigid McDermott, vice president of blockchain at IBM .

Finance Ford Motor Company (F) Wants To Make EVs In China
Author: 0 Ford Motor Company (F) Wants To Make EVs In China

The move comes as carmakers in China face new rules created to boost electric auto sales, part of the government's effort to fight pollution. "It's a very different sort of vehicle to the sort of auto which would sell in the United States, but nevertheless it proves for Ford - which has been a laggard - 100% electric, non-hybrid cars are coming fast", he said to Professional Engineering .

Finance Solar eclipse could cost USA businesses $700 million in productivity
Author: 0 Solar eclipse could cost USA businesses $700 million in productivity

The firm took a look at how many workers will be in the dark and multiplied that number by the average hourly wages for workers 16 and older, provided by the Bureau of Labor Statistics . It's going to be pretty hard to get people to keep working when the solar eclipse is happening, and preventing employees from viewing it will probably do more to harm morale than to increase productivity.

Finance 70 per cent of United Kingdom company bosses lack cyber attack training
Author: 0 70 per cent of United Kingdom company bosses lack cyber attack training

The results showed that out of Britain's top 350 businesses, 10% operate with no cyber incident response plan whatsoever, while two-thirds of boards are not kept updated with cyber security risk information. In June, reports suggested that hundreds of thousands of United Kingdom businesses are at risk of being fined for failing to adhere to the forthcoming EU General Data Protection regulation ( GDPR ) coming next May.

Finance McDonald's faces another franchising hurdle in India
Author: 0 McDonald's faces another franchising hurdle in India

The termination will see closure of the company's restaurants in north and east India. In June, 43 outlets in New Delhi capital were shut due to non-renewal of eating house licences by local authorities. McDonald's told the paper that it remains "committed to finding the right "developmental licensee partner" for North and East India and taking steps to do so", yet industry watchers, speaking to the ET, argued that the 15 day window to find a new partner was optimistic.

Finance Taylor Swift to release new music?
Author: 0 Taylor Swift to release new music?

Is she releasing some kind of Potter-like Chamber of Secrets upon the world? It's also been shared to her Tumblr . The internet is abuzz with theories. And since Swift's social media accounts were recently wiped of all content, the video is now the only thing populating the blank space . Maybe she's going to have a guest slot on Game of Thrones like her buddy Ed Sheeran and didn't want the HBO hacks to reveal it before she could? For fans the most unconditional, the release ...

Finance Sempra Energy launches fourth attempt to acquire Oncor
Author: 0 Sempra Energy launches fourth attempt to acquire Oncor

Buffett and Paul E. Singer. An agreement for Oncor is key to ending the bankruptcy of Energy Future, which has been restructuring nearly US$50 billion of debt for more than three years. The deal still needs the approval of the Public Utility Commission of Texas, U.S. Bankruptcy Court of Delaware, Federal Energy Regulatory Commission and the U.S.

Finance Aamir Khan: Amit Trivedi is a really talented composer
Author: 0 Aamir Khan: Amit Trivedi is a really talented composer

The song Main Kaun Hoon is divided into two parts in which Insia recording her first song video to be uploaded so that the world can see what talent she has. Her voice is enough to soothe your mood for the time you're lost in the song. As the name suggests, the film is about an aspiring singer - a 14-year old Muslim girl from Vadodara, Gujarat.

Finance Rosneft says India's Essar Oil refinery to double throughput
Author: 0 Rosneft says India's Essar Oil refinery to double throughput

Russia's largest oil producer Rosneft (ROSN.MM) said on Monday it had successfully closed a deal to buy a 49 percent stake in Indian private refiner Essar Oil Limited (EOL). "Over the last six years, we have completed a capital expenditure program of over 1.2 trillion rupees across our entire portfolio of core sector businesses".

Finance Rathbones in 'exclusive' merger talks with Smith & Williamson
Author: 0 Rathbones in 'exclusive' merger talks with Smith & Williamson

Rathbones said the two companies were in exclusive discussions with Smith & Williamson over an all-share merger, as first reported by the Sunday Times . The combined group would see Rathbones, led by CEO Philip Howell ( pictured ), able to broaden its capabilities, adding Smith & Williamson's tax and accounting practice to its suite of services.

Finance China's Great Wall hopes to buy parts of Fiat Chrysler
Author: 0 China's Great Wall hopes to buy parts of Fiat Chrysler

An acquisition by Great Wall Motor would be audacious, and one of China's highest profile manufacturing deals to date. "We are interested in (FCA)", the company official in Great Wall's press relations department, who declined to give his name, told Reuters over the phone.

Finance Maersk sells oil and gas business in billion-kroner deal
Author: 0 Maersk sells oil and gas business in billion-kroner deal

Moller - Maersk and free up resources to focus our future growth on container shipping, ports and logistics", said Soren Skou, chief executive of Maersk. "The addition of Maersk Oil's strong capabilities and high quality assets to our business will create a leading worldwide operator in the north west European offshore region, making Denmark a regional anchor point for Total's North Sea business".

Finance OPS, EPS must ensure AIADMK unity
Author: 0 OPS, EPS must ensure AIADMK unity

The Panneerselvam faction had laid down two conditions for a merger - an inquiry into Jayalalithaa's death (varying from a CBI probe to a judicial probe) and expelling Sasikala and her family from the AIADMK. While both camps have been indicating that talks are progressing smoothly, sources in the OPS faction told TNM there are still strong disagreements over the issue.

Finance The US digital rights group is against the ban of neo-Nazis site
Author: 0 The US digital rights group is against the ban of neo-Nazis site

But the site's "new lovely, lovely home" quickly went offline just hours later. "I woke up this morning in a bad mood and chose to kick them off the internet", wrote Cloudflare Chief Executive Matthew Prince in a company email. Prince acknowledged that he'd thrown the site to the wolves - or rather to online vigilantes. Whereas it was a moral argument from the American companies that refused to host Daily Stormer , in Russian Federation it's a legal issue.

Finance Flight Operations Briefly Halted at Delhi's IGI Airport After Pilot Spots Drone
Author: 0 Flight Operations Briefly Halted at Delhi's IGI Airport After Pilot Spots Drone

The country's busiest airport saw operations getting halted for an hour in the morning and around 45 minutes late in the evening amid security concerns following the spotting of the objects, sources said. During peak time, it handles up to 70 flights per hour. "At about 7:55 pm the operation of all the three runways resumed normally after clearance from Delhi police ", said CISF official on the condition of anonymity.

Finance Wisma Putra extends apology to Indonesia over flag error
Author: 0 Wisma Putra extends apology to Indonesia over flag error

Malaysia yesterday apologized to Indonesia for an "unintentional" mistake in printing the Indonesian flag upside down in a souvenir guidebook for the Southeast Asian Games. "We still demand an official apology, because our flag is important to us". Khairy also announced that Foreign Minister Datuk Seri Anifah Aman had also contacted his counterpart in Indonesia over the matter.

Finance ANOTHER CEO Quits Trump's White House Council Over Charlottesville
Author: 0 ANOTHER CEO Quits Trump's White House Council Over Charlottesville

He will likely face questions and criticism from the media over his initial response to the violence on Saturday. "America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal", Frazier wrote.

Finance Dana Milbank: Don't apologize for white supremacists
Author: 0 Dana Milbank: Don't apologize for white supremacists

Heyer. There are no good Klansmen". Reuters' news service reported Tuesday that "municipal leaders across the USA said they would step up efforts to pull [Confederate] monuments from public spaces". He criticized efforts in a growing number of USA states, including Florida, Kentucky, Maryland, North Carolina, Tennessee and Texas, to remove statues honouring Confederate leaders.

Finance U.S. stocks close higher as North Korea fears ease
Author: 0 U.S. stocks close higher as North Korea fears ease

The strong USA data and the "specter of cooler heads prevailing on the geopolitical front" were what pushed the dollar to its highs, said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. July's US retail sales data showed the largest gain in the reading since December 2016 and followed June's upwardly revised 0.3 percent gain. After rising last week on investor concerns over geopolitical risks, both the Swiss franc and the yen have pulled back over the ...