Finance

Body of third Kusasalethu miner brought to surface

Body of third Kusasalethu miner brought to surface Harmony Gold's Kusasalethu mine . "Our sincerest condolences go to the family and friends of the deceased". Harmony Gold is appealing for calm, saying it will launch a full investigation into the incident. South Africa-based Harmony said in a statement that rescue teams had been working to find the workers since the incident occurred at about 10.30 a.m. [Full Article...]

USA stocks end higher; oil shares boosted by hurricane

An increase in USA orders for business equipment last month and the biggest gain since February in such sales indicate improving demand at the start of the third quarter. A slightly weaker US dollar combined with a more positive sentiment in the metal space, especially copper (which hit another new high), is helping to keep the Aussie lifted this morning. [Full Article...]

U.S. gasoline prices, margins surge as Harvey hits Gulf Coast refining

U.S. gasoline prices, margins surge as Harvey hits Gulf Coast refining Nationally, the average price of gas was $2.35 per gallon on Friday afternoon, up 2.2 cents from a week ago and up 15.2 cents from a year ago, according to consumer information site GasBuddy.com. That gulf storm in August 2005 caused about a 40-cent increase overnight, DeHaan says. Prices around the state went up a modest 6ยข a gallon over the past week according to Triple-A MI, but more increases ... [Full Article...]

Lin powers into seventh badminton world final

Lin powers into seventh badminton world final Aggressive Sindhu Sindhu dished out an aggressive game and never looked in doubt as she led from start to finish during the 39-minute lop-sided match. I gave it my best and I am pleased with that", Saina said after the match. "Ever since I was a little boy, I dreamt of making a World Championships final". [Full Article...]

Nandan Nilekani's return gives booster shot to Infosys stock

Nandan Nilekani's return gives booster shot to Infosys stock Mint reported on 23 August that Nilekani, who cancelled a previously planned trip to the USA this week, was very upset at the board's angry statement and that he had been meeting Murthy every day since. "There is some sort of relief rally in Infosys", said Krish Subramanyam, co-head - equity adviser at Altamount Capital Management, adding "there will be some volatility (ahead) as this is the expir... [Full Article...]

Commonwealth 'culture' inquiry -- right idea, wrong inquirer

Commonwealth 'culture' inquiry -- right idea, wrong inquirer It will consider would "at a minimum ... whether the group's organisational structure, governance, financial objectives, remuneration and accountability frameworks are conflicting with sound risk management and compliance outcomes". "At the same time, we know that our mistakes have hurt our reputation". Narev, whose tenure as been marked by both record profits and misconduct scandals on the part... [Full Article...]

NSW minister sounds warning on ticket site

NSW minister sounds warning on ticket site In April this year consumer group Choice launched an worldwide survey of the ticket resale market, revealing ticket price mark-ups of up to 327 per cent at range of platforms including Viagogo, Ticketmaster Resale Australia and StubHub. The action of the ticket reseller has also prompted a warning from the Western Australia Department of Industry, cautioning consumers about "online scalpers". [Full Article...]

Dollar drops as Yellen steers clear of rate hike talk

Energy stocks will be in focus as the industry braces for Hurricane Harvey which may become the biggest storm to hit the US mainland in more than a decade. Yellen's predecessor, Ben Bernanke, signaled a new round of Fed bond purchases in 2010 to try to invigorate a weak USA recovery. CURRENCIES: The euro was down 0.1 percent at $1.18 while the dollar rose 0.3 percent to 109.39 yen. [Full Article...]

Uber Board Votes To Pick A New CEO

Uber Board Votes To Pick A New CEO We've contacted Expedia and Uber for comment. He also sits on several boards, including The New York Times . Immelt withdrew from the running earlier on Sunday (Aug. However, earlier this year, the company started releasing information on its performance, which continues to improve amid an exhaustive list of problems. [Full Article...]

RBI to introduce brand new Rs 1000 note

RBI to introduce brand new Rs 1000 note The preparations are in full swing. The central bank on August 25 also issued new Rs 200 and Rs 50 notes, in an effort to address the lack of low denomination currencies and bridge the gap between Rs 100 and Rs 500 notes. 500 denomination note. The printing of the new Rs 1000 notes will be done in printing presses at Mysore and Salboni. Prime Minister Narendra Modi, in a surprise move past y... [Full Article...]

Financials Up After Yellen Speech - Financials Roundup

Janet Yellen , chair of the US Federal Reserve , said rule changes had made the system "undoubtedly safer". Janet Yellen, head of the United States central bank, seemed more interested in looking back than offering future policy clues in her speech at Jackson Hole . [Full Article...]

USA gasoline prices, margins surge as Harvey hits Gulf Coast refining

USA gasoline prices, margins surge as Harvey hits Gulf Coast refining So far, the deal has had little impact on global inventory levels due to rising supply from producers not participating in the accord, such as Libya and Nigeria, as well as a relentless increase in USA shale output. The global benchmark crude traded at a premium of $4.54 to WTI. The worries come despite drawdowns in crude inventories as refiners process near record volumes of oil. [Full Article...]

Influential Analyst Rating Changes: Vodafone Group Plc (VOD), MPLX LP (MPLX)

It has outperformed by 0.96% the S&P500. BLB&B Advisors LLC maintained its stake in Vodafone Group PLC (NASDAQ: VOD ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Covington Capital Management decreased Abbott Laboratories (NYSE:ABT) stake by 8,004 shares to 261,875 valued at $10.06M in 2016Q4. Since January 1, 0001, it h... [Full Article...]

About 25% Of US Gulf Oil Output Offline Due To Harvey

About 25% Of US Gulf Oil Output Offline Due To Harvey Harvey was downgraded from a hurricane to a tropical storm by the NHC late on Saturday. Texas is home to 5.6 million barrels of refining capacity per day, and Louisiana has 3.3 million barrels. West Texas Intermediate for October delivery was at $48.25 a barrel on the New York Mercantile Exchange, down 16 cents, at 10:12 a.m.in London. The amount of oil production offline increased from August... [Full Article...]

Ironman champion Dean Mercer dies in auto crash

Ironman champion Dean Mercer dies in auto crash The well-known retired athlete and Gold Coast resident was reported to have died after suffering cardiac arrest in the emergency room of Gold Coast University Hospital this morning. Mercer is survived by his four sons and wife. Other sports stars offered their condolences to his family and paid tribute to his enormous talents as a surf livesaver. [Full Article...]

CBS Corporation to Acquire Ten

CBS Corporation to Acquire Ten Administrator Jarrod Villani of KordaMentha said the company's receivers and administrators would "work closely together to ensure that operations continue uninterrupted while the transaction is finalised". It didn't include specific financial terms but said the deal would be implemented through refinancing existing secured debt arrangements. In a statement obtained by Xinhua, the administrato... [Full Article...]

Perrigo Co PLC (NYSE:PRGO) Institutional Investors Sentiment Falls in 2016 Q4

Magnetar Financial Llc acquired 13,229 shares as Perrigo Co Plc ( PRGO)'s stock declined 16.20%. Clal Insurance Enterprises Holdings Ltd sold 29,650 shares as the company's stock declined 11.27% while stock markets rallied. BlackRock Inc. now owns 12,154,494 shares of the company's stock valued at $806,936,000 after buying an additional 11,844,832 shares during the last quarter. [Full Article...]

Oil slips almost 3 percent as USA refineries shut ahead of Harvey

Oil slips almost 3 percent as USA refineries shut ahead of Harvey A July report from the Federal Reserve Bank of Dallas found job growth in the state was 3.6 percent and the overall forecast for the year was 2.8 percent, an upward revision from 2.6 expected in its last forecast. Brent for October settlement added 70 cents to end the session at $52.57 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude traded at a premium of ... [Full Article...]

'Victory': Thousands protest far right in San Francisco

As Gibson backed away with his hands in the air, the protesters pepper sprayed him. Saturday's event was organized by a group known as Patriot Prayer. Follow her on Facebook and Twitter . "Basically all day, this is what it's going to be like", he said. Officials installed white concrete dividers around the park late Saturday night, said Berkeley resident Jef Poskanzer, who attended the pro... [Full Article...]

Lear Corporation (NYSE:LEA) Under Analyst Spotlight

It has outperformed by 11.63% the S&P500. Corda Investment Management Llc increased Vodafone Group Plc Adr (VOD) stake by 30.42% reported in 2016Q4 SEC filing. The firm has "Hold" rating given on Thursday, June 1 by RBC Capital Markets. The stock has "Buy" rating by Deutsche Bank on Wednesday, October 14. The firm has "Outperform" rating given on Monday, October 26 by RBC Capital Markets. [Full Article...]


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