Markets
Turkey seeks to cool row with Germany as Berlin reviews arms requests
President Recep Tayyip Erdogan may weigh in on the dispute when he speaks at an event at 2:30 p.m.in Istanbul. Germany has told its citizens to exercise caution if traveling to Turkey and threatened measures that could hinder German investment there. [Full Article...]
Government borrowing shows surprise £2bn rise
Financing the debt cost £4.9bn in June alone, a rise of more than £1bn from £3.7bn in the same month of 2016. Although the UK Treasury will resist pressure, there is a high risk of upward pressure on government spending. Retail price inflation, the benchmark for these bonds, is running at a more than 5-year high. Total government debt, excluding public sector banks, stood at £1.75 trillion at th... [Full Article...]
GSK threatens hundreds of jobs with Horlicks sale
These include the sale of its Horlicks brand in the United Kingdom and the closure of the factory in Slough where the drink was first made in 1908. The group is also considering selling its antibiotics business, which has facilities based in Ulverston in Cumbria, Verona and Bernard Castle, near Durham. [Full Article...]
FTC investigating claims of misleading Amazon discounts
In response to Consumer Watchdog's study, Amazon reportedly told Reuters that the study was flawed and the conclusions reached by the advocacy group were flat out wrong. The group, which analyzed 1,000 items sold on Amazon , said the retailer often employs "previous" prices, which it alleges are created to give the appearance of big discounts. [Full Article...]
Bank of America to move post-Brexit operations to Dublin
Worldwide banks are planning to set up subsidiaries in the European Union to ensure they can continue to serve clients if their London operations lose the ability to operate across the bloc once Britain leaves in March 2019. Tánaiste and Minister for Enterprise and Innovation, Frances Fitzgerald TD said that this is another vote of confidence in Ireland and its expanding global financial services ... [Full Article...]
Mueller Expands Probe to Include Finances Despite Trump's Objections
Otherwise, he could have been continually hammered for a serious conflict of interest. Rosenstein was asked by MacCallum about Mueller's friendship with former Federal Bureau of Investigation director James Comey and whether this gives him "any pause. [Full Article...]
Which Way Traders Signposts RH (RH), Pioneer Natural Resources Company (PXD) Stocks?
Leading up to this report, we have seen a -3.69% fall in the stock price over the last 30 days and a 0.93% increase over the past 3 months. Another trade for 3,000 shares valued at $591,990 was sold by SHEFFIELD SCOTT D . The stock increased 1.51% or $2.44 during the last trading session, reaching $163.94. Barclays Capital maintained Verizon Communications Inc. The rating was upgraded by Global H... [Full Article...]
RBC Capital Assigns a Buy Rating on Sarepta Therap
Sarepta Therapeutics Inc . now has $2.30B valuation. The lowest price the stock reached in the last trading day was $52.97 and compares with the $31.91 52-week low. Annual market sales for DermOtic Oil, 0.01% Ear Drops for the 12 months ending May 2017 were around $26 million. A rating of 4 or 5 would indicate a consensus Sell. [Full Article...]