Markets


How does Pippa Middleton's wedding compare to the average NZ wedding? How does Pippa Middleton's wedding compare to the average NZ wedding?
- May 16, 2017

With just under two weeks left to what has already become the most talked about wedding of the year, Pippa Middleton's wedding dress is possibly the one thing we're all waiting to see. Traditionally, the roles are reserved for unwed women. Last month, when asked about the possibility of designing the gown, he told HELLO! As the future queen, Kate would risk upstaging the bride and so may wish to remain in the background for the big day next week. (more...)
BHP Billiton emphasises its Australian roots in new corporate rebranding campaign BHP Billiton emphasises its Australian roots in new corporate rebranding campaign
- May 15, 2017

BHP, the world's largest mining company, adopted the "BHP Billiton" name after a merger with South Africa's Billiton in 2001. Broken Hill Proprietary Company founded as a silver and lead mine at Broken Hill in western NSW. The miner has largely shed the Billiton assets since. USA hedge fund Elliott Management Corp. BHP has operations in 25 countries, and will retain its dual listings in Australia and London. (more...)
G-7 nations seek ways to make growth help more people
- May 15, 2017

Treasury Secretary Steven Mnuchin that other G7 countries are growing comfortable with U.S. policies. German Finance Minister Wolfgang Schaeuble said Friday he would convey in his meeting with Mnuchin that the world needs US leadership to help drive global growth. (more...)
Retail sales strengthen in April, brightening economic outlook Retail sales strengthen in April, brightening economic outlook
- May 13, 2017

Retailers like electronic stores and building material suppliers had a good month, and even department stores eked out a small gain. Sales at US retailers rose in April, and March sales were stronger than originally estimated, painting a stronger picture of American consumers than previously reported. (more...)
Tesla's Solar Roof Is Finally Ready For You to Buy Tesla's Solar Roof Is Finally Ready For You to Buy
- May 13, 2017

What's innovative about the roofs is they do not look like added-on solar panels , but rather replace and serve as shingles or tiles for a discrete and aesthetically pleasing look that also stands to mark down or eliminate an electric bill. (more...)
Oil Falls as Focus Shifts to All That Output OPEC Can't Control Oil Falls as Focus Shifts to All That Output OPEC Can't Control
- May 13, 2017

In its monthly report OPEC urged sustained cooperation for the greater good, saying that continued rebalancing in the oil market by year-end will require the collective efforts of all oil producers to increase market stability, "not only for the benefit of the individual countries, but also for the general prosperity of the world economy". (more...)
Hertz, Called 'Dangerous' by Analysts, Gets Slaughtered After Brutal Quarter
- May 10, 2017

Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Shares of Hertz Global Holdings ( HTZ ) are tumbling today after reporting a much larger-than-expected loss after yesterday's market close. The company had Year Ago Sales of 2.31 Billion. (more...)
Rajnath Singh Meets Chief Ministers, Asks To Firm Up Anti-Maoist Strategy Rajnath Singh Meets Chief Ministers, Asks To Firm Up Anti-Maoist Strategy
- May 09, 2017

Topping the agenda is the issue of re-calibrating strategy to make it more effective and to minimise casualties. "There is need to depute shadow intelligence officers to track prominent targets associated with Left Wing Extremism (LWE)", he said , adding, "We must ensure that states take the ownership of LWE operations and CAPFs actively cooperating with them". (more...)
South Africa's leader told to explain ministerial firings South Africa's leader told to explain ministerial firings
- May 06, 2017

Former finance minister Pravin Gordhan would not return to his job, even if the courts found that President Jacob Zuma had erred by unceremoniously removing him and his deputy Mcebisi Jonas from their positions. Ramaphosa usually publicly backs Zuma and his criticism of Gordhan's sacking was a sign of deepening divisions in the ruling African National Congress that are likely to worsen until the party elects a new leader in December. (more...)
Baba Ramdev: Follow Israel, behead 100 Pakistani soldiers Baba Ramdev: Follow Israel, behead 100 Pakistani soldiers
- May 06, 2017

By the next year, Patanjali would be in the leading position and in most of the product categories, it would be number one", yoga guru Ramdev said. The company is in the process of setting up mega production units at several places, including Noida, Nagpur, and Indore, which would take its production capacity to Rs60,000 crore from the existing Rs35,000 crore. (more...)
Google agrees to pay $335 million in Italy tax dispute Google agrees to pay $335 million in Italy tax dispute
- May 06, 2017

Italy ends this tax dispute after a similar settlement with Apple in December 2015, where Apple paid 318 million euros (USD 349 million). Sergio Mazzei, a spokesman for the Italian revenue agency, said Google will now begin to pay a tax in Italy on the basis of its domestic revenue. (more...)
Oil Prices Dropped as Oversupply Concerns Return
- May 06, 2017

Mining giant Rio Tinto hit a six-month low, Glencore was set for its worst weekly loss in two months and copper miner Antofagasta since December. There was also a sign of slowing energy demand in China, the world's second largest oil consumer, when a survey showed growth in that country's services sector in April was at its slowest in nearly a year. (more...)
ICICI Bank Q4 earnings zoom 3-fold to Rs 20.24 bn ICICI Bank Q4 earnings zoom 3-fold to Rs 20.24 bn
- May 04, 2017

Net interest income increased by 10% on a year-on-year basis to Rs 59.62 billion (USD 919 million) in the quarter ended March 31, 2017 (Q4-2017) from Rs 54.04 billion (USD 833 million) in the quarter ended March 31, 2016 (Q4-2016). However, the asset quality deteriorated further in January-March quarter. "This account was included in the drill-down exposures to key sectors disclosed by the bank and an M&A (merger and acquisition) transaction has been announced in respect of this company", ... (more...)
UFC creates 4th weight class for women, adding 125-pounders UFC creates 4th weight class for women, adding 125-pounders
- May 04, 2017

The invitation would be for women's 125-pound fighters and the season of the show would crown the first-ever UFC women's flyweight champion, the release stated. Sports that the news release had been sent in error and that the weight class has not been finalized. With this new fourth Flyweight division, 125lb fighters will be able to compete at a much healthier and more equitable weight. (more...)
Canadian exports hit record high in March as trade deficit narrows Canadian exports hit record high in March as trade deficit narrows
- May 04, 2017

Imports from countries other than the United States also increased, up 1.2 per cent, on higher purchases of crude oil from Saudi Arabia, and goods from Britain. The biggest increases came from China, India and South Korea. The trade deficit had been expected to widen to $44.5 billion from the $43.6 billion originally reported for the previous month. (more...)
Marchers use Trump's 100th day to protest climate policies Marchers use Trump's 100th day to protest climate policies
- May 01, 2017

On a sweltering hot day in the nation's capital, protesters made their way down Pennsylvania Avenue chanting, singing and banging drums. "The media deserves a very big, fat, failing grade", Mr Trump said sarcastically over the media's coverage of his achievements during his first 100 days in office. (more...)
Goodyear Tire revenue misses estimates on lower shipments (ML, CON) Goodyear Tire revenue misses estimates on lower shipments (ML, CON)
- April 30, 2017

That compares with $184 million, or 68 cents per share, a year earlier. First quarter net sales were negatively impacted by $11 million of lower unit volume and $9 million of negative foreign currency impact, partially offset by $13 million of favorable price and mix, primarily due to net price increases related to higher raw material costs. (more...)
Yahoo's chief Mayer to receive $186m golden parachute from Verizon sale Yahoo's chief Mayer to receive $186m golden parachute from Verizon sale
- April 27, 2017

The total payments to Ms Mayer are far higher than the company first acknowledged last month when it explained that she would be entitled to the "golden parachute" payment for losing her job. During her time at Yahoo! Mayer's plan was initially to expand Yahoo's content business. Mayer reportedly wont be sticking around after the sale, despite having written a blog in which she detailed that she planned to stay . (more...)
AT&T Meets Q1 Earnings Forecast, Adds 2.7 Million Wireless Customers AT&T Meets Q1 Earnings Forecast, Adds 2.7 Million Wireless Customers
- April 26, 2017

Cash from operations was $9.2B; free cash flow came to $3.2B. Postpaid phone churn hit a best ever 0.9% in the USA, while overall wireless postpaid churn was 1.12% including tablet churn . AT&T and Verizon have also been buying up assets that they need for a next-generation, or 5G network, with faster downloads and applications that would enable self-driving cars. (more...)
US Treasury: China not a currency manipulator
- April 26, 2017

However, the report did caution that six major United States trading partners warrant being placed on the monitoring list for special attention: China, Germany, Japan, Korea, Switzerland and Taiwan. During the campaign, Trump had repeatedly called China a manipulator, saying, "They're killing us" by devaluing their currency to make it harder for American companies to compete against Chinese products. (more...)
Internet firms winding up for a fight on 'net neutrality' Internet firms winding up for a fight on 'net neutrality'
- April 26, 2017

Net neutrality basically prevents broadband providers from playing favourites or steering users toward (or away from) particular internet sites. In 2012, internet companies took on the entertainment industry in a fight over online piracy. (more...)
EU Commission throws weight behind Macron in French election
- April 25, 2017

The next round will present their starkly different visions, with Macron representing a France that has thrived on its openness to the world and Le Pen speaking for those who have been hurt by it. The Interior Ministry announced that the turnout had reached 69.4 percent three hours before the polls closed, compared with 70.6 percent in the first round of presidential voting in 2012. (more...)
Arnault's LVMH to buy Christian Dior Arnault's LVMH to buy Christian Dior
- April 25, 2017

The simplification of the shareholder structure appeared to please investors and LVMH shares were showing a gain of around three per cent on the Paris stock exchange in response to the news , while the blue-chip CAC 40 index was up just 0.1 per cent. (more...)
PPG increases bid for Dulux firm Akzo Nobel PPG increases bid for Dulux firm Akzo Nobel
- April 25, 2017

The trans-Atlantic battle between the two paint companies has seen its fair share of drama in recent weeks, thanks it part to Akzo's hedgie shareholder. Akzo has said that it is studying PPG's latest proposal, which values the company at around 26.9 billion euros ($28.8 billion). The offer is up eight per cent on the previous offer and 17 per cent on the first. (more...)
Strikes against PKK terrorists carried out in northern Iraq's Sinjar, northeastern Syria
- April 25, 2017

The YPG said in a statement: "This treacherous attack has led to the death and wounding of a number of our comrades". "The dead are fighters and media officials from the People's Protection Units (YPG)", said Observatory head Rami Abdel Rahman , who had earlier reported a toll of three people killed in the dawn raids. (more...)
Sunday's roundup: Chappell edges Koepka by 1 at Texas Sunday's roundup: Chappell edges Koepka by 1 at Texas
- April 24, 2017

Like many before him in round three, Chappell struggled on the front nine at the TPC San Antonio . He picked up the nearly obligatory birdie at the 17th but a bogey at the last saw him finish four shots from Chappell's lead although not without hope of contending for the title tomorrow. (more...)
Apparel retailer Bebe says to shut all stores Apparel retailer Bebe says to shut all stores
- April 21, 2017

In March, Bloomberg reported that Bebe Stores was hoping to reinvent itself as an online brand. California-based Bebe had 180 stores at the end of 2016, according to its website. Shares were at a 14-month low on Tuesday, but spiked 7 percent later that day. It's been a rough year for retailers. The company could not immediately be reached for comment. (more...)
Ontario, Canada brings in foreign housing tax to cool market Ontario, Canada brings in foreign housing tax to cool market
- April 21, 2017

Home sales plunged and price growth stalled for months in Vancouver following the B.C. government's introduction of a 15 per cent tax on foreign buyers last August. "Frankly, it's a free market and market forces will prevail ultimately as we proceed forward", Sousa said. The Ontario Fair Housing Plan includes options to boost housing supply, prevent egregious rent increases and rein in excessive speculation. (more...)
Trump vows to solve dairy dispute with Canada
- April 19, 2017

President Trump on Tuesday picked another fight with another country - slamming Canada for taxing certain milk imports from dairy-farming states like Wisconsin and NY. "Canada must be clearly and swiftly reminded in a concrete way that dependable trading conditions between our two countries are critically important", the senators wrote. (more...)
Ronaldo destroys Bayern, Leicester City out
- April 19, 2017

Much like the first leg, Madrid weathered the early storm and had plenty of chances to go in front before half time. But despite having the momentum, they were at the distinct disadvantage of having to play extra-time with 10 men, and eventually crumbled to Madrid's might. (more...)

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