Markets
Foster calls on Sinn Féin 'to tango' with DUP in talks
In Prime Minister Theresa May's letter triggering Article 50 , she states: "We believe it's necessary to agree the terms of our future partnership alongside those of our withdrawal from the European Union '". Prompted by her poor election showing, particularly among pro-EU young people who fear losses of jobs and opportunity for Brexit , some of her most senior ministers and two former Conse... [Full Article...]
William Hill plc's (WMH) "Hold" Rating Reiterated at Shore Capital
It has a 20.14 P/E ratio. RBC Capital Markets maintained Drax Group Plc (LON:DRX) rating on Wednesday, March 16. It has underperformed by 60.26% the S&P500. 776.18 million shares or 5.29% more from 737.17 million shares in 2016Q3 were reported. Great West Life Assurance Can invested in 0% or 6,741 shares. [Full Article...]
Expect crude oil prices to trade positive: Sushil Finance
USA inventories fell less than forecast last week, keeping supplies more than 100 MMbbl above the five-year average, according to data from the EIA on Wednesday. The global benchmark crude ended the session at a premium of $2.24 to August WTI. Rising U.S. oil output has undermined the impact of OPEC-led cuts. [Full Article...]
Starwood Property Trust Breaks Above 200-Day Moving Average - Bullish for STWD
Ameriprise Financial Inc sold 43,824 shares as Allied World Assurance Co (AWH)'s stock declined 1.76%. Penserra Capital Management LLC raised its stake in shares of STARWOOD PROPERTY TRUST, INC .by 52.3% in the first quarter. The Ameriprise Financial Inc holds 79,326 shares with $4.26 million value, down from 123,150 last quarter. EPS in next five year years is expected to touch 4.09% while EPS... [Full Article...]
General Electric's long-time chief executive Jeff Immelt to retire
That underperformance had some pressing for more urgency from Mr Immelt. There had been great expectations when Mr Immelt replaced the legendary Jack Welch as CEO back in 2001. GE said Immelt's departure follows succession planning that began in 2011. "The board has encouraged me to come in and look at it afresh". GE's shares closed up 3.6 per cent at US$28.94 (RM123.35) on the New York Stoc... [Full Article...]
Oil prices slide almost 1 pct on persistent glut concerns
Some commodity markets were also absorbing news that President Donald Trump said he would withdraw the United States from the landmark 2015 global agreement to fight climate change, a move that fulfilled a major campaign pledge but drew condemnation from US allies and business leaders. [Full Article...]
At a glance: Last day of the Bill Cosby sex assault trial
The case that ended Saturday in a mistrial involved Andrea Constand , the first person to publicly accuse Cosby of sexual assault . The criminal charge brought against TV star Bill Cosby Wednesday arose from an alleged sexual assault almost 12 years in the Philadelphia suburb of Chelthenham Township - though authorities did not identify the victim by name. [Full Article...]
Judge declares mistrial in Bill Cosby sexual assault case with jury deadlocked
The veteran entertainer could have faced up to a decade in prison if found guilty of three counts of aggravated indecent assault . "We've been at this now for 10 days (including testimony)". Prosecutors suggested he drugged her with something stronger. Constand testified over two days last week for the prosecution. "It has been restored", said Andrew Wyatt, his spokesman. [Full Article...]