Markets
Euro zone economic growth slows in Q2, inflation accelerates
The euro zone's second biggest economy France appeared to have been struggling with its own specific problems in the second quarter, as strikes and higher taxes hit consumer spending, but economists looked to the second half of the year for an upturn. [Full Article...]
Bank of England raises interest rates to 0.75%
In June, the RBI had raised the repo rate by 0.25 percent to 6.25 percent. At such a time, the hike in minimum support prices (MSPs) for kharif crops will only worsen this upward pressure on rural inflation. Kallum Pickering, Senior Economist with Berenberg Bank , agrees that the avoidance of chaotic Brexit will pave the way for a steeper path of interest rate rises. [Full Article...]
TSA to begin testing out new bag screening technology
A new scanner arriving at Hobby Airport could mean leaving your laptops and liquids in carry-on bags. The Transportation Security Administration (TSA) announced plans on Monday to test computed tomography (CT) scanners for carry-on bags, with up to 40 units expected to be in place at USA airports by the year-end, reports CNN. [Full Article...]
United States to apply more pressure on China with new tariff hike
Trump administration officials say the U.S.'s robust economy gives it the high ground in the trade battle against China , which is showing signs of an economic slowdown. "Counterintelligence officers say the duo's banking activity could provide a road map of back channels to powerful American entities such as the National Rifle Association, and information about the Kremlin's attempt to sway th... [Full Article...]
Canadian economy grows at 2.6% annual pace
The strong number is enough to put the second quarter on pace for roughly 3% growth "even with a soft June", says CIBC chief economist Avery Shenfeld in emailed commentary, referring to last month's disruption in the energy sector. was trading at $1.3043 to the US dollar, or 74.46 USA cents. The mining and oil and gas extraction segment gained 1.8 per cent in May, after a flat April, mostly driv... [Full Article...]
Apple Becomes First American Public Company to Surpass $1 Trillion in Value
The iPhone maker's market capitalisation reached the figure in afternoon trading in NY as its shares rose above $207. The $1 trillion milestone is largely symbolic, though impressive. Apple's stock also rose 5.89% to a record-high close of $201.50 on Wednesday following the company's better-than-expected quarterly results, which were driven by sales of relatively expensive devices like the iPho... [Full Article...]
Mike Ashley, Sports Direct, offers rescue deal to House of Fraser
The chain is now waiting for an investment worth £70 million from C.banner, who are planning to take a majority stake in House of Fraser after the store closures and rescue plan have been agreed. The retail group has been putting plans in place to renew its product and trade strategy for the last few months, with a focus on offering the "best selection" of contemporary brands and a "premium experi... [Full Article...]
Short Term Look - Forest City Realty Trust, Inc. (FCE-A)
Performance Review: To clear the blur picture shareholders will need to look a little deeper. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 2.19. Moving average of Forest City Realty Trust, Inc . Brookfield and Forest City said in the release that affiliates of Starboard Value LP and Scopia Capital Management LP, which in the aggregate ow... [Full Article...]