Markets

Bank stocks surge after Supreme Court's order on Essar Steel insolvency

Bank stocks surge after Supreme Court's order on Essar Steel insolvency Essar Steel, with debts from banks worth almost 500 billion rupees ($7 billion), was among the so-called dirty dozen - twelve large steel and other infrastructure companies that defaulted and were referred to India's bankruptcy court in 2017. [Full Article...]

Tiedemann Advisors LLC Has $222,000 Holdings in Canadian National Railway (NYSE:CNI)

Tiedemann Advisors LLC Has $222,000 Holdings in Canadian National Railway (NYSE:CNI) The firm has a 50-day simple moving average of $89.06 and a two-hundred day simple moving average of $91.55. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.15. National Bank Financial reduced their price objective on shares of Canadian Pacific Railway from $328.00 to $322.00 and set a "sector perform" rating for the company in a research note on ... [Full Article...]

Qantas Tests Ultra-Long-Haul London To Sydney Flight

Qantas Tests Ultra-Long-Haul London To Sydney Flight As experiments go, this one should be pretty spectacular - 19 hours, 17,800 kilometers (about 11,060 miles), 100 metric tons of jet fuel and not one, but two separate sunrises. Past year the airline started London to Perth non-stop flights, which take about 17 hours. "Our Perth to London flight was a huge leap forward and it's been incredibly popular, " Joyce said. [Full Article...]

Canadian economy lost 1800 jobs in October, unemployment rate steady at 5.5%

Canadian economy lost 1800 jobs in October, unemployment rate steady at 5.5% The number of self-employed workers in October fell by 27,800. The Canadian dollar weakened to a three-week low of $1.3232 to the USA dollar, or 75.57 cents US, after the jobs data was released. "Still many areas for improvement, and much work left to be done, but encouraged to see another 4,600 jobs added in London last month", Mayor Ed Holder tweeted after the figures were released. [Full Article...]

Gold Softens In Price As US-China Close To Reach A Deal

Gold Softens In Price As US-China Close To Reach A Deal In global markets, gold prices were soft today after comments from White House economic adviser Larry Kudlow, who on Thursday said that the U.S. is nearing an interim trade pact with China. "Over the longer term, as an investment it (gold) is still the safe haven". On Monday, gold futures for December ended down $5.80, or 0.4%, at $1,457.10 an ounce. [Full Article...]

Fed's Powell urges Congress to focus on debt, deficit

Fed's Powell urges Congress to focus on debt, deficit The president said a significant phase one trade deal with China "could happen soon" but stressed that he would only accept an agreement that is good for U. Powell's testimony before the House Budget Committee came a day after he told Congress' Joint Economic Committee that the Fed was likely to keep rates unchanged in the coming months, unless there were a "material" shift in the economic... [Full Article...]

BHP names Mike Henry as new CEO

BHP names Mike Henry as new CEO Even so, some of Mr Henry's comments around today's announcement suggests that his appointment is unlikely to mark any kind of radical departure from BHP's current focuses. Chairman Ken MacKenzie said: "Mike Henry's deep operational and commercial experience, developed in a global career spanning the Americas, Europe, Asia and Australia, is the ideal mix for our next CEO". [Full Article...]

WeWork third-quarter losses widen to $1.25 billion as expansion ramps up

WeWork third-quarter losses widen to $1.25 billion as expansion ramps up The presentation showed that WeWork opened nearly 100 offices between the end of June and end of September, raising its total to 625. The company estimated it would generate $4.2 billion in revenue over the next 12 months compared to $1.8 billion, Bloomberg reported, citing a document that was presented to bondholders. [Full Article...]


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