Money

Narada sting case: CBI registers preliminary enquiry

Narada sting case: CBI registers preliminary enquiry

The Supreme Court's three-judge bench has ruled that CBI investigation would go on against the accused persons in the Narada Sting Operation case. Appearing for the TMC ministers, senior advocates Kapil Sibal and AM Singhvi said given the opinion expressed by the high court it would be better not to have any monitoring. Read More

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US temporarily bans most electronics on Middle Eastern airlines

United States airlines are not affected by the ban because none offer direct US-bound flights from the affected airports. A spokesman for Royal Jordanian says the airliner has not yet started to enforce a new USA regulation that prevents passengers on us -bound flights from eight countries, including Jordan, from bringing laptops and most other electronics in their carry-on luggage. Read More

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Homeland Security to ban most electronics from some US-bound flights

The Guardian reported that Royal Jordanian and Saudia Airlines are among the airlines that have been asked to follow the new guideline within 96 hours. The six countries cited in Trump's order all have fraught relations with the U.S. Brian Jenkins, an aviation-security expert at the Rand Corp., said the nature of the security measure suggested that it was driven by intelligence of a possible attack. Read More

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Oil prices continue sliding as production limit optimism fades

What's helping prices stay in a holding pattern? They have added 106 machines to fields this year. The first United States shale boom, which lasted from 2012 to 2014, took advantage of oil prices that hovered around... Analysts expect USA production to continue to increase. The prospect of a still-oversupplied market has prompted oil bulls to flee. As reports about the strong compliance rates began to filter out in early 2017, prices moved even higher. Read More

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D Mart shares double on day of debut

D Mart shares double on day of debut

Avenue Supermarts, operator of one of the most popular supermarket chain, D-Mart, made a debut on the NSE at startling premium of 103% over its issue price. Analysts say the retail sector is expected to grow at a CAGR of 12 per cent over FY2016-20, within which the organised segment is expected to grow at a faster pace than the unorganized segment. Read More

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Reaffirms Overweight Rating for St. James's Place plc (STJ)

Reaffirms Overweight Rating for St. James's Place plc (STJ)

They now have a GBX 2,250 ($27.79) target price on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 10.40% from the company's previous close. The firm earned "Buy" rating on Tuesday, March 21 by N+1 Singer. The shares were acquired at an average cost of GBX 919 ($11.24) per share, for a total transaction of £183,800 ($224,721.85). Read More

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GeForce 378.92 drivers are ready to travel to Andromeda

GeForce 378.92 drivers are ready to travel to Andromeda

Relationships and choices have always been central to the Mass Effect franchise, and Mass Effect: Andromeda is set to continue that tradition with a host of new characters to meet and fates to influence. Several gameplay mechanics don't make a good first impression, but improve as you acclimate. Some missions can also be played by you, and that's where Andromeda's addicting multiplayer mode comes in. Read More

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Cook Group CEO leads smaller list of IN billionaires

Cook Group CEO leads smaller list of IN billionaires

As the New York's real estate market has slowed, Forbes began downgrading Trump's net value past year, saying in October that his net worth was down to $3.7 billion. The US has the most billionaires with its 565, next comes China at 319, Germany is third with 114, and India with 101 takes fourth spot. The other two being the co-founders of Snapchat. Read More

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Oil supply deficit in first half likely despite rising stocks

Data last week from oilfield services company Baker Hughes showed an increase in the number of rigs deployed in the United States for the ninth week in a row. Despite OPEC's greater ability to sustain the recent production agreement, a somewhat similar sequence of events is likely to occur now because of shale oil's fast responsiveness to price changes. Read More

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Clock starts on Brexit negotiations

Clock starts on Brexit negotiations

Conservative Mr Stevenson said it was time to start the process. May is seeking to emphasise Britain's contribution to European security through training, cyber security and martime patrols as she begins the Brexit divorce process. One of key issues is the €50 billion bill the United Kingdom must settle to leave the EU. The United Kingdom held a referendum last June in which Britons voted by a 52-48 percent margin to leave the European Union, the first member state ever to do so. Read More

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Ryan: 'Impressed' by Trump's involvement with Obamacare repeal

Ryan: 'Impressed' by Trump's involvement with Obamacare repeal

Rep. Chris Collins (R-N.Y.), the Buffalo-area Republican who was the first lawmaker to endorse Trump's 2016 bid for the presidency, has taken the lead on the proposal. At the end of February, his portfolio was filled with stocks he says have good growth prospects, such as biotech Amgen (AMGN), up almost 16% this year, device maker Boston Scientific (BSX), up about 13%, and technology solutions names like Teladoc (TDOC), up 41%. Read More

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German Factory Orders Slump Most Since 2009 on Investment

Andreas Scheuerle of Deka Bank said there was no need to be anxious, pointing to strong indicators for the broader economy. Domestic orders logged a double-digit fall of 10.5 percent and foreign orders decreased 4.9 percent in January. The government forecasts economic growth will slow to 1.4 percent this year from 1.9 percent in 2016. New orders are highly volatile, but the fluctuations and size of volatility since late-summer have been nearly unprecedented, Carsten Brzeski, an ING ... Read More

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Forbes Billionaires List 2017: Houston Is Home to 13 Tycoons

Forbes Billionaires List 2017: Houston Is Home to 13 Tycoons

Gates has a fortune of United States dollars 86 billion, up from USD 75 billion a year ago, followed by Berkshire Hathaway chief Warren Buffet with a new worth of USD 75.6 billion. Forbes released its 2017 list of billionaires Monday and there are several Central Texans who have made the list. The personal fortune of US President Donald Trump has significantly nosedived over the past year. Read More

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Amid Mounting Controversy, Uber President Abruptly Resigns

Amid Mounting Controversy, Uber President Abruptly Resigns

The former chief marketing officer of United States retail giant Target had been brought in to run the tech firm's ride-sharing business and help improve its public image. Jones's exit , however, isn't the only one in such a short span of time . The role, incidentally, pushed Jones one rung down on the company's ladder, though sources told Recode the company adding a COO was unrelated to his departure. Read More

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Oil slides as United States production shows no signs of slowing down

Last week speculators cut more than 150,000 contracts betting on firmer U.S. and Brent oil prices, a record high. Saudi Arabia pledged to cut production to 10.058 million barrels a day under the deal. Falih had said that the Kingdom won't "bear the burden of free riders". Prices could stabilize if OPEC and the other producers start to talk seriously about extending the program. Read More

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Oil drops on rising U.S. drilling, steady OPEC supply

Brent for May settlement on Friday advanced by US$0.02 to end the session at US$51.76 per barrel on the London-based ICE Futures Europe exchange, up US$0.39 for the week. However, U.S. shale producers can't continue to increase their output indefinitely. The inability to balance the market in the first half of the year will mean the Organization of Petroleum Exporting Countries should extend the six-month deal, which took effect on January 1, for the rest of the year, it said. Read More

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Massachusetts' connections to the world's richest people

Massachusetts' connections to the world's richest people

By adding $27.6 billion to his fortune in the past 12 months, Amazon founder and chief executive Jeff Bezos is the third richest person on Earth and holds the distinction of earning the largest annual income in the past year. 1,468 on the latest Forbes magazine list of the world's billionaires. The combined fortunes of this year's billionaires totaled to $7.67 trillion, up from $6.48 trillion in 2016. Read More

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Commodities Round-up: Oil prices tumble amid as USA production continues to increase

OPEC was also able to work out a deal with a consortium of non-OPEC producers such as Russian Federation and Venezuela to cut their production . "If current production levels were maintained to June when the output deal expires, there is an implied market deficit of 500,000 bpd for 1H17, assuming, of course, nothing changes elsewhere in supply and demand", the IEA said. Read More

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Most Asia markets up but dollar hit by uncertainty

Most Asia markets up but dollar hit by uncertainty

The dollar index, which measures the greenback against a basket of currencies, was down 0.2 percent at 100.190. European stocks closed modestly lower on the day, with a 3.7-percent fall in Deutsche Bank shares hurting banking stocks. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.35 percent to 834.10 tonnes on Friday from 837.06 tonnes on Thursday. Read More

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Seres Therapeutics Inc (NASDAQ:MCRB) Announces New "Poop Pill" Phase 2 Study

Seres Therapeutics (NASDAQ: MCRB ) opened at 12.04 on Monday. Cowen and Company reaffirmed a "buy" rating on shares of Seres Therapeutics in a research report on Wednesday, February 1st. Fidelity Management and Research Company is the second biggest holder with 6 million shares now valued at 60.47 million whilst Federated Global Inv Mgmt Corp has 2 million shares valued at 25.12 million. Read More

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1 hospitalized after early morning motorcycle crash

Police say Gonzalez-McDaniel was riding Southbound on Mission in the median when he collided with a vehicle turning from San Juan Trail. The male adult motorcycle rider was unconscious when they arrived. Life-saving efforts were unsuccessful and he died at the scene, police said. The driver of the auto, also a male adult, was treated at the scene after an airbag deployment. Read More

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China, Chile, South Korea and EU Suspend Imports After Rotten Meat Scandal

The list includes Egypt, Chile, China, Hong Kong, Iran, Italy, Japan, Kuwait, Netherlands, Russia, Saudi Arabia, Singapore, South Korea, United Arab Emirates and Venezuela. The BBC reports that there have been allegations that some of the biggest meat processors have been selling rotten beef and poultry for years. On Friday, federal police raided meat-producing plants and arrested more than 30 people. Read More

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Republicans pitch healthcare plan ahead of key vote

Republicans pitch healthcare plan ahead of key vote

President Donald Trump will personally rally the troops Tuesday morning, attending a closed-door House GOP conference meeting on Capitol Hill to make a final pitch to his colleagues. The GOP bill as now written offers a fixed tax credit for low- and middle-income Americans that rises based on the consumer's age. But it does not rise and fall, like the ACA's subsidies, so a person pays only a fixed percentage of their income on their health insurance premiums. Read More

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