Markets
Worldpay Stock Surges On $9 Billion Takeover Approach
Vantiv is a payment processor based in Cincinnati, Ohio, handling 25 billion transactions worth 920 billion United States dollars (£711 billion) previous year. Under takeover rules Vantiv and JPMorgan have a deadline of 5pm on 1 August to make a firm offer or walk away. "Its departure would mark a step backward for the UK's top-line index, although I'm not entirely sure many ordinary investors e... [Full Article...]
Trump to speak with Abe, Xi on N. Korea
The launch seems created to send a political warning to Washington and its chief Asian allies, Seoul and Tokyo , as well as put North Korean scientists a step closer toward perfecting their still-incomplete nuclear missile programme. [Full Article...]
Samsung to invest $18bn in chips
Analysts say Samsung's investment seeks to widen the gap in technologies. The company's investment plan comes as new South Korean President, Moon Jae-in, calls on local businesses to create more jobs. In China, some South Korean firms have suffered from sales decline or have been forced to scale down operations after retaliatory measures from Beijing over the deployment of a United States anti-m... [Full Article...]
Qatar plans to boost gas output capacity amid Gulf rift
The energy-rich emirate of Qatar confirmed Tuesday it meant to raise natural gas production to 100 million tons a year by 2024, as it seeks to portray an image of business as usual despite a bitter spat with its Arab neighbors. Qatar responded to a 13-point list of demands its neighbours made for lifting their sanctions on Monday. "We are the ones who should be calling force majeure because we h... [Full Article...]
I'm sorry,' prominent Silicon Valley investor says
In a Friday evening blog post on the company's website, co-founder Christine Tsai wrote that due to McClure's "unacceptable" behavior, she would assume the title of CEO. Yin did not name the colleague, but said McClure had "initiated "unwanted physical contact" with her. "The final straw was when a prominent VC firm gave us an offer, as long as I stepped down as CEO ", wrote Sinha. [Full Article...]
RBA makes July cash rate call
In an accompanying statement, RBA Governor Philip Lowe said job market indicators remain mixed, though employment growth has been stronger over recent months. "The broad-based pick-up in the global economy is continuing", it said. Interest rates were firming worldwide, with further increases in U.S. interest rates expected along with no additional monetary easing in other major economies. [Full Article...]
We Support India's Fight Against Terrorism
The Israeli Prime Minister Benjamin Netanyahu is also excited about Modi's visit as he characterized the visit as "historic", and said he will accompany the Indian Prime Minister to numerous sites during his visit. The theme chosen for this year is "Shaping an Inter- connected World". Almost USD two billion worth Indian contracts have been won by Israel Aerospace Industries, or Rs 13,000 c... [Full Article...]
Exxon Mobil Corporation Sees Unusually High Options Volume (XOM)
It has outperformed by 222.30% the S&P500. Bank Of The Ozarks decreased Exxon Mobil Corp ( XOM ) stake by 9.42% reported in 2016Q4 SEC filing. Arete Wealth Advsr Limited Liability Corp stated it has 0.53% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). [Full Article...]