Business

Samsung plans $18.6 billion South Korea investment amid chip boom

Samsung plans $18.6 billion South Korea investment amid chip boom This spat has delayed adding an extra fabrication unit to a Japanese plant run by the two firms, keeping Toshiba from meeting frothing demand as global competitors ramp up production. Although amount of investments has not been decided yet, it is likely that Samsung Display will invest significant amount of fund since it will be constructing a new industrial complex. [Full Article...]

Philippine Supreme Court Upholds Martial Law In Southern Philippines

Philippine Supreme Court Upholds Martial Law In Southern Philippines The Supreme Court is expected to resolve on Tuesday the consolidated petitions seeking to nullify the President's declaration of martial law on the grounds that there is no factual basis for it. Intense daily airstrikes have depleted the military's stockpile of bombs dropped by a new fleet of South Korean-made FA50 fighter jets so a Philippine air force cargo plane was dispatched to the United Sta... [Full Article...]

U.S. relaxes laptop ban for Etihad Airways of the UAE

U.S. relaxes laptop ban for Etihad Airways of the UAE The Department of Homeland Security had indicated last week that laptop ban would be lifted for airlines provided they are able to fulfill the requirements of increased security . For Emirates, its Dubai hub has grown into the world's busiest airport for global traffic, in large part thanks to the long-haul carrier's expansion. [Full Article...]

Computer glitch disrupts technology stock prices

Computer glitch disrupts technology stock prices The share prices of companies such as Facebook were unaffected by the glitch, though it is unclear at this stage why. Tuesday morning saw the stock prices of these top companies to be $123.47 on Bloomberg , Reuters and Google Finance data. [Full Article...]

Shares in Worldpay soar as takeover approach confirmed

Shares in Worldpay soar as takeover approach confirmed At 8:50am in London, the shares were trading at £3.62, valuing the company at £6.43 billion (US$8.3 billion). Vantiv could not immediately be reached for comment. Payment processing firms have become something of a hot commodity of late, with Danish payment company Nets A/S also confirming this week that buyers have expressed an interest in acquiring it. [Full Article...]

Oil is on its longest rally in years

Oil is on its longest rally in years The Opec believes that deal will bring inventories back in line with upper range of five-year averages. OPEC plus Russian Federation and other non-OPEC producers agreed on May 25 to extend supply cuts to March, after an initial deal to keep them in place for the first half of 2017. [Full Article...]

China opens up $10-trillion bond market in liberalisation step

China opens up $10-trillion bond market in liberalisation step The new bond connect scheme, however, now only allows foreign investors to buy Chinese debt. For a start, there is little evidence that market access has been a binding constraint on foreign investment. HSBC Holdings Plc, Standard Chartered Plc and Citigroup Inc were among banks announcing they had completed their first deals as market makers in the new system. [Full Article...]

Rice Midstream Partners LP (RMP) Stock Rating Lowered by BidaskClub

It is 0.00% or $0 reaching $0 per share. About 20,098 shares traded. (NASDAQ:BBBY) has declined 16.34% since July 3, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Scotiabank reissued a "buy" recommendation and fixed a $35.00 target price on the stock of Dominion Midstream Partners, in a note on Thurs, Apr 27th. [Full Article...]

BTG plc (LON:BTG) Given Average Rating of "Buy" by Analysts

BTG plc (LON:BTG) Given Average Rating of The stock decreased 3.03% or $0.04 during the last trading session, reaching $1.28. About 200,348 shares traded. Ability Inc (NASDAQ:ABIL) has 0.00% since July 3, 2016 and is. Institutional investors own 1.01% of the company's stock. Its down 0.07, from 0.96 in 2016Q3. Shares of Just Group PLC (LON:JRP) have been given a consensus recommendation of "Buy" by the eight research firms that are co... [Full Article...]

Manufacturing growth of India cools in June

Manufacturing growth of India cools in June Philippine GDP grew by a slower-than-expected 6.4% in the first quarter that nevertheless made the country the second fastest-growing major Asian economy in those three months. But business confidence remained strong, hitting a three-month high in June. Manufacturing activity in the United Kingdom fell more than expected in June, causing concern over the British economy at the end of the secon... [Full Article...]

What Are Analysts Report About Marathon Oil Corporation (MRO)

What Are Analysts Report About Marathon Oil Corporation (MRO) A number of other hedge funds and other institutional investors also recently made changes to their positions in MRO . About 174,905 shares traded. ( MRO)'s stock declined 10.47%. Northern Trust Corporation reported 9.73M shares. (NYSE:ABM) or 1,970 shares. The rating was upgraded by SunTrust to "Buy" on Wednesday, September 30. [Full Article...]

Iranian City May Have Notched One of Hottest Temperatures in Earth's History

Iranian City May Have Notched One of Hottest Temperatures in Earth's History The extreme high temperatures were highlighted by Etienne Kapikian , a meteorologist with the French national weather service Meteo France. However, weather-tracking website The Weather Underground reported that Ahvaz got as hot as 129.2 degrees at both 4:51 and 5 pm local time. [Full Article...]

USA eases laptop rules for Abu Dhabi flights

USA eases laptop rules for Abu Dhabi flights The ban on carrying electronics in the aeroplane cabins of flights arriving from Abu Dhabi to the USA has been lifted. "Their efforts are a model for both foreign and domestic airlines looking to adopt the new measures". When guests land in the United States, they arrive as domestic passengers with no requirement to queue for immigration and custom checks again. Eight airlines operate flights to t... [Full Article...]

Four wickets, no runs! Van Niekerk blows Windies away

Four wickets, no runs! Van Niekerk blows Windies away At the helm of the South African domination was captain Dane van Niekerk, whose stunning figures of 3.2-3-0-4 made her the holder of a unique feat in worldwide cricket, aside from playing a key role in bowling the opposition out for a meagre 48. [Full Article...]

Protest march taken out against attacks on Muslims and Dalits

Protest march taken out against attacks on Muslims and Dalits Nearly all of the 63 attacks since 2010 involving cow-related violence were recorded after Modi and his Hindu nationalist government came to power in 2014, IndiaSpend , a data journalism website, said in a report . Many Muslims farmers and herders have lost their livelihood due to the fear of persecution. The issue first hit the headlines when Mohammad Akhlaq , a 52-year-old Muslim man in a v... [Full Article...]

Novak Djokovic and Karolina Pliskova triumph at Devonshire Park

Novak Djokovic and Karolina Pliskova triumph at Devonshire Park Medvedev, a 21-year-old ranked 52nd in the world, did break Djokovic's serve in the first set, but it was not enough to stop the former world number one, who did not face another break point in the second set. The Serb then broke Medvedev's serve in the next game before serving out for the set, and immediately broke again in the opening game of the second set. [Full Article...]

New Chinese border road raises 'security' concerns

New Chinese border road raises 'security' concerns Reacting to China's contention, the Ministry of External Affairs (MEA) said it was essential that all parties concerned displayed utmost restraint and abide by their respective bilateral understandings not to change the status quo unilaterally. [Full Article...]

Fidget spinners explosion warning: Children terrified after Bluetooth versions catch fire

Fidget spinners explosion warning: Children terrified after Bluetooth versions catch fire The findings suggest that the Bluetooth fidget spinners might be missing safety standards and are at high risk of unsafe failures. So far, it would seem that the damage has been limited to the spinners themselves and the area where they were placed during charging. [Full Article...]

Oil up as U.S. rigs decline; prices set for first-half drop

Oil up as U.S. rigs decline; prices set for first-half drop This week oil prices have been up on a weaker dollar and the EIA data that USA weekly crude oil production dropped to 9.250 million bpd in the week to June 23, from 9.350 million bpd the previous week. Omran al-Zwai, a spokesman for Arabian Gulf Oil Company (AGOCO), an NOC subsidiary, said output had been as high as 950,000 bpd in recent days, rising from about 885,000 bpd at the start of last wee... [Full Article...]

European Central Bank chief was overinterpreted by markets

European Central Bank chief was overinterpreted by markets TreasuryOne dealer Andre Botha said emerging markets lost ground in reaction to a surging euro following Draghi's comments. The Dow dropped half a percent and the S&P 500 shed 0.8% while the tech-heavy Nasdaq lost as much as 1.6% after European Union regulators fined Google a record EUR2.4 billion for violating antitrust rules. [Full Article...]


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