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Finance

But a stronger currency could also be starting to erode Chinese exporters' competitiveness. During the first quarter, the levels of PM2.5 in the Beijing-Tianjin-Hebei region, which has been under heavy political pressure to tackle pollution, dropped 22.1% to 74 micrograms per cubic metre, down from near-record highs in the same period of past year.
  • Oil edges off highs, but geopolitical tensions loom

    Finance

    West Texas Intermediate, the US benchmark, was down 0.19 percent to $66.69 per barrel . President Xi's soothing, but essentially meaningless words on a "trade offer" to the U.S. Oil prices edged off highs last reached in late 2014 due to rising USA stocks but remained well supported by mounting geopolitical tension in the Middle East , shrinking global oil inventories and expectations of a supply cut extension by OPEC .
  • How Does Wells Fargo & Company (WFC) Stack Up Right Now?

    How Does Wells Fargo & Company (WFC) Stack Up Right Now?

    Finance

    Wells Fargo & Company ( WFC ) will report its next earnings on April 13 BMO. Wells Fargo announced that its board has initiated a stock buyback program on Tuesday, January 23rd that permits the company to buyback 350,000,000 outstanding shares.
  • Volkswagen Group appoints new CEO amid major restructuring

    Volkswagen Group appoints new CEO amid major restructuring

    Finance

    Dieselgate has so far cost VW more than 25 billion euros ($31 billion) in buybacks, fines and compensation, and the carmaker remains mired in legal woes at home and overseas. "We want to create a slimmed down company with strong brands", Diess said, explaining that Audi would form the group's core brand in the premium segment with a goal of overtaking Mercedes-Benz and BMW .
  • Murder probe after man and woman found dead in house

    Murder probe after man and woman found dead in house

    Finance

    So Snipes called Phipps, asking her to come visit her in the hospital. "I'm just sitting here like, 'I'm going to give up everything I have that I have known my whole life, '" Snipes remembered thinking. Phipps graciously said "yes" and soon enough, adopted the boy who she named Vaughn. . "I am extremely disappointed at the seemingly lackadaisical approach to attending to this patient, and even more so at the attempt to hide the truth, misleading both myself and management".
  • Intel Corporation (NASDAQ:INTC) - Is the Stock Safe to Invest?

    Finance

    The Fred Alger Management Inc holds 71,042 shares with $3.28 million value, down from 89,877 last quarter. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. The insider McBride Kevin Thomas sold 686 shares worth $31,943. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 73,623 shares in the quarter, leaving it with 608,615 shares, and cut its stake in Biogen Inc (NASDAQ:BIIB).
  • Winner Of $533 Million Mega Millions Jackpot To Claim Prize

    Winner Of $533 Million Mega Millions Jackpot To Claim Prize

    Finance

    It's not only life-changing for me but I'd like it to be life-changing for others. It was the largest single jackpot-winning ticket ever sold in New Jersey. Wahl, a production manager at a food services company in northern New Jersey, said he plans to retire and take the cash payout over the annuity, totaling $220.7 million after taxes.
  • OPEC sees higher 2018 oil supply from rivals, stronger oil demand

    OPEC sees higher 2018 oil supply from rivals, stronger oil demand

    Finance

    The cartel also sees demand on the rise, however. Non-OPEC supply is "now expected to grow at a faster pace", OPEC said, noting that the key driver is the US with expected increase of 1.5 million bpd, followed by a distant second Canada with 290,000 bpd and Brazil with 210,000 bpd growth.
  • Petrol Prices Drop For Second Day, Diesel Prices Hiked Marginally

    Petrol Prices Drop For Second Day, Diesel Prices Hiked Marginally

    Finance

    Rather, they should act as an inflationary cushion and absorb a part of the losses stemming from the recent rise in global crude oil prices, news agency Bloomberg has reported. Pradhan had to convene emergency meetings with oil company heads on more than one occasion in the past to curb the rise. Though the companies denied receiving any such instruction, the rising oil prices and expectations of government's intervention impacted its stock movement on Wednesday.Shares of International ...
  • Infosys reports 37.6% rise in net profit in October-December 2017 quarter

    Infosys reports 37.6% rise in net profit in October-December 2017 quarter

    Finance

    Salil Parekh , chief executive officer and managing director of the company, took charge from interim CEO U.B. Pravin Rao on January 2. Infosys Jan-Mar quarter consolidated net profit grows 2.4% to Rs 3,690 cr; revenue up 5.6%. The company's CFO, Ranganath D. Mavinakere, said the total dividend payout is 30 per cent higher than a year ago. The country's second-largest IT services firm recorded a consolidated net profit of Rs 3,690 crore in the January-March 2018 quarter compared with Rs ...
  • Malaysia's IHH tops Manipal Hospital's bid for India's Fortis

    Malaysia's IHH tops Manipal Hospital's bid for India's Fortis

    Finance

    Manipal Hospital's equity valuation remained at Rs 6,070 crore. Meanwhile a statement from the Fortis Healthcare said that the proposal is under evaluation by the company. Fortis shares gained 4.17 per cent to end at Rs 153.80 on the BSE on Thursday. The potentially competing bids are the latest twist in the Fortis saga, with India's fraud watchdog and stock regulator investigating the company after Bloomberg News reported the company's founders took at least 5 billion rupees out of ...