Markets
Bacardi buys Tequila maker Patrón in $5.1bn deal
Cazadores and Corzo are already owned by Bacardi, while George Clooney's Tequila company Casamigos was sold to drinks giant Diageo in a deal worth $1bn (£720m) previous year. Patrón tequila is produced from Weber Blue Agave. Super-premium tequila grew eightfold between 2002 and 2016, according to the Distilled Spirits Council, a trade organisation. [Full Article...]
North Korea's Olympic participation sparks criticism and flag-burning in Seoul
After she left the area, the demonstrators used a blowtorch to burn Kim's photo, a North Korean flag and a "unification flag" that athletes of the rival Koreas plan to carry together during the opening ceremony of the Olympics. Korean delegation has travelled to the South to inspect Olympic venues. The 2018 Winter Olympics have provided an opportunity that should help the cause and bring peace t... [Full Article...]
Petrol price breaches Rs 80 mark in Mumbai
Zimbabwe has some of the highest fuel prices in the southern African region, with a litre of both petrol and diesel going for an average US$1.40. According to a report in Reuters , the ministry has also sought inclusion of petrol, diesel, jet fuel and natural gas in the GST to help companies claim tax credits against the tax paid on the purchase of equipment meant to produce refined fuel. [Full Article...]
The Bank of Japan keeps monetary policy unchanged
This change is seen as a technical tweak created to reflect a recent pickup in inflation, which is largely due to a rise in oil prices. BOJ Governor Haruhiko Kuroda introduced a policy controlling the nation's yield curve in 2016 in a bid to get to a 2 percent inflation target. [Full Article...]
Shore Capital Reiterates Sell Rating for RSA Insurance Group plc (RSA)
OTC Markets Group Inc. operates financial markets for the United States and worldwide securities. On Friday, August 5 the stock rating was initiated by Suntrust Robinson with "Buy". Shares of Debenhams (LON:DEB) traded down GBX 1.42 ($0.02) on Wednesday, hitting GBX 28.92 ($0.39). About 32.71 million shares traded or 692.93% up from the average. [Full Article...]
Irish jobs unaffected by significant shake-up at Tesco
The scrapping of the compliance manager's position will impact staff at 667 large stores and also seven fulfilment centres. About 900 roles with broader responsibilities will be created, including a new colleague administration role which will support management teams in large Tesco stores and fulfilment centres. [Full Article...]
United States stock index futures slip after government shutdown continues
The Dow Jones Industrial Average added 142.88 points, or 0.55 per cent, to 26,214.60. "It's nearly a non-event at this point and would have to go on for at least a week before it would become an issue for the stock market", said Tom Plumb, president of Madison, Wisconsin-based Plumb Funds. [Full Article...]
Directional Signal Review: KKR Real Estate Finance Trust Inc (KREF)
Alliancebernstein L P reported 0.04% of its portfolio in Alexandria Real Estate Equities, Inc. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 18, 2017 and is uptrending. Its down 0.20, from 1.45 in 2017Q2. It increased, as 41 investors sold WU shares while 171 reduced holdings. 49 funds opened positions while 147 raised stakes. [Full Article...]