Markets
Sterling retreats after Manchester blast, stocks steady
The euro climbed as high as $1.12680 to beat the previous day's high by a whisker. St. Louis Fed President James Bullard said on Friday that the US central bank's expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness. [Full Article...]
Tata Motors Q4 net profit down 16.79% to Rs 4336.43 crore
Despite an 18 per cent rise in profits in its United Kingdom arm Jaguar Land Rover , Tata Motors has reported a 16.79 per cent drop in consolidated profit at Rs 4,336.43 crore in the fourth quarter ended March 31, 2017 as against a profit of Rs 5,211.49 crore in Q4 FY16 as losses in the Indian operations offset the profits gained overseas. [Full Article...]
Donald Trump touched a glowing orb, and a meme was born
Trump has obtained the Bajoran Orb of Time", tweeted games developer and United States congressional candidate Brianna Wu, in a reference to a mythical object from the "Star Trek" universe. Issa said Saudi Arabia is not only fighting the message of hate through this new center, but that it has already established initiatives to counter "misguided" messages about Islam, to monitor and ISIS and al... [Full Article...]
Germany, France pledge new effort to strengthen eurozone
Core EU powers France and Germany vowed on Monday to accelerate eurozone integration, with a new bilateral panel to work out ways to kickstart the reform process. "Not only our compatriots in France and Germany but also others in the eurozone are expecting concrete proposals and concrete investments that can generate economic activity and jobs", said Le Maire. [Full Article...]
Banks levy to cost CBA $220ma year
To dimension the impact of the Levy for our shareholders, the $260 million after tax cost is equivalent to around 8 cents per share (using the above estimates). Macquarie has yet to make a statement similar to those from the NAB, Westpac or the CBA. It said the after-tax cost was equal to 8c a share in dividends, or 4.3% of its last full-year dividend of $1.88. [Full Article...]
Indian shares end higher; consumer stocks surge
However, it dropped afterwards to 30,516.87 on profit-booking at higher levels before ending at 30,570.97, showing a gain of 106.05 points or 0.35 per cent. GAIL India is declining by about 1.4%. Credit Rating agency Credit Analysis & Research (CARE) has revised rating of Reliance Communications" long term bank facility to "BB" from "A-'. [Full Article...]
Owner's shock at true worth of jewel bought at vehicle boot sale
It was an nearly gaudily large piece of costume jewelry picked up for about $15 in the 1980s, and its owner apparently liked it-she "would wear it out shopping, wear it day-to-day". "We had a look and said.'I think that's a diamond and we got it tested at the Gemological Institute of America". Much to the owner's surprise, the ring turned out to be a genuine cushion-shaped diamond weighing 26.27... [Full Article...]
Why Frontier Communications is a Top 25 Dividend Giant (FTR)
A number of brokerages recently weighed in on FTR. If shares can stay above the price resistance around $74.88/share, that could help propel Colgate-Palmolive Company (NYSE:CL) higher to the next line of resistance at $75.83/share. The utilities provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.03. Analyst's mean recommendation is 2.80. [Full Article...]