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Finance

Xenophon, whose father came to Australia in 1951 from the then British territory of Cyprus, had been awaiting confirmation from the British Home Office as to whether he was a citizen by descent. Senator Xenophon said the issue was becoming a "train wreck" and required a citizenship audit of all members and senators. Australia's widening citizenship crisis entangled a seventh politician Friday, a key independent senator whose support is critical for Prime Minister Malcolm Turnbull to pass ...
  • Barclays PLC Reaffirms

    Barclays PLC Reaffirms "Overweight" Rating for Hunting plc (LON:HTG)

    Finance

    The stock of Tracsis Plc (LON:TRCS) has "Buy" rating given on Tuesday, February 16 by Investec. BMO Capital Markets maintained it with "Hold" rating and $6600 target in Wednesday, June 7 report. It has a 19.96 P/E ratio. It operates in the Europe and the Middle East; Americas, and Asia Pacific divisions. Investors sentiment decreased to 1.03 in 2016 Q4.
  • Toshiba Wins Auditor Sign-Off, Likely Avoiding Delisting for Now

    Toshiba Wins Auditor Sign-Off, Likely Avoiding Delisting for Now

    Finance

    A major sticking point has been an inquiry from PwC over whether Toshiba should have recognized multi-billion dollar losses at US nuclear arm Westinghouse earlier than last December, sources familiar with the matter have said. This could put Toshiba back in jeopardy. The legal dispute between Toshiba and Western Digital is scheduled to be examined by an worldwide court of arbitration between September and October with the process likely to take a year or more.
  • DCP Midstream Partners LP

    Finance

    The SI to Whitestone Reit's float is 8.74%. More notable recent Antero Midstream Partners LP (NYSE:AM) news were published by: Prnewswire.com which released: "Antero Midstream and AMGP Announce Second Quarter 2017 Earnings Release Date ..." on July 18, 2017, also Seekingalpha.com with their article: "Antero Midstream Partners' (AM) CEO Paul Rady on Q2 2017 Results - Earnings ..." published on August 07, 2017, Nasdaq.com published: " Antero Midstream Partners LP (AM) Ex-Dividend Date ...
  • Gas prices remain unchanged in Las Vegas

    Gas prices remain unchanged in Las Vegas

    Finance

    Gasoline in Virginia is $2.15 per gallon, according to a news release from AAA Tidewater. Last week, prices rose 8.3 cents per gallon. The region remains expensive, however, with MI posting a state average that's 5 cents above the national average.
  • Chicago Sues Justice Department Over 'Sanctuary' Crackdown

    Chicago Sues Justice Department Over 'Sanctuary' Crackdown

    Finance

    On Monday, city leaders said they hoped for a preliminary ruling on the lawsuit before September 5, the deadline to apply for new funding from the Edward Byrne Memorial Justice Assistance Grant program, which the lawsuit said provided "crucial support" for the police department.
  • Toyota, Mazda to build $1.6 billion factory in the US

    Toyota, Mazda to build $1.6 billion factory in the US

    Finance

    The plant was a surprise for investors at a time of cooling U.S. sales, but marked good news for U.S. President Donald Trump who came to office on the back of promises to bring back manufacturing and jobs for U.S. It also comes after Toyota and other auto companies vocally opposed Trump's plans to pursue sweeping changes to the North American Free Trade Agreement , which bolstered Mexican manufacturing.
  • Pearson plc (PSON) Insider Lincoln Wallen Buys 581 Shares

    Pearson plc (PSON) Insider Lincoln Wallen Buys 581 Shares

    Finance

    As per Wednesday, July 19, the company rating was maintained by BMO Capital Markets. The rating was maintained by Peel Hunt on Tuesday, November 17 with "Hold". The company had a trading volume of 868,784 shares. The company has market cap of 351.86 million GBP. The Firm offers consulting, project delivery, and activities and maintenance services.
  • Qatar Airways no longer pursuing American Airlines stake

    Qatar Airways no longer pursuing American Airlines stake

    Finance

    A review of the planned move "demonstrated that the investment no longer meets our objectives", the company said today in a statement, without elaborating. Qatar Airways has signed a codeshare agreement with LATAM Airlines Brazil, which will provide the Middle Eastern carrier with connections to 25 cities throughout the country.
  • RBI cuts key rate by 25 basis points

    RBI cuts key rate by 25 basis points

    Finance

    The Committee was formed during past year on the lines of Federal Open Market Committee in the US. Banks have been reluctant to pass on the lower rates to borrowers as they struggle under a growing burden of bad debt left over from a lending spree a decade ago.
  • RBA warns high dollar may slow growth

    RBA warns high dollar may slow growth

    Finance

    In recent months, mortgage rates have been edging higher, especially for investors and interest-only loans. Forecast for growth were unchanged. "With headline inflation tracking slightly below the 2 to 3 per cent target range, labour markets tightening and the economy continuing to grow, albeit at a pace below trend, the chances of a rate cut appear to have diminished", he said.
  • Apple supplier Foxconn says it will build big Wisconsin factory

    Apple supplier Foxconn says it will build big Wisconsin factory

    Finance

    Some of those states, including Wisconsin , were pivotal to Mr. Trump's victory in 2016, and are home to numerous working-class voters who were seen as key to his win. The big difference here, Wisconsin is offering generous tax incentives, totaling as much as $3 billion of taxpayer money. The incentives would only be awarded if Foxconn creates the jobs and pays an average yearly wage of almost $54,000.
  • US Navy warning shot in Gulf was 'unprofessional,' Iran says

    US Navy warning shot in Gulf was 'unprofessional,' Iran says

    Finance

    United States aircraft carrier Nimitz and an accompanying warship approached Iranian military vessels on Friday at 4 p.m. local time (11:30 GMT) dispatching a helicopter, which flew near the vessels, the statement read. In April, the U.S. accused a a guard corps ship of acting in an " unprofessional but also provocative" manner while approaching an American destroyer, the USS Mahan, while it was sailing in the Persian Gulf.
  • Tesla turns over the keys for first 30 Model 3s

    Tesla turns over the keys for first 30 Model 3s

    Finance

    Tesla Model 3 is a major step for the California-based company, and will be priced around 35,000 US dollars each. The first cars went to excited Tesla employees, who will be reporting back to Musk on the car's performance . "We're trying to have as close to a single configuration as possible as we boot up the production line", said Musk. All the sensors needed for Tesla's Autopilot system, which can steer a auto on freeways and change lanes, will be included in each Model 3 , ...
  • FDA targets nicotine levels in US cigarettes to curb addiction

    FDA targets nicotine levels in US cigarettes to curb addiction

    Finance

    The agency says the new plan isn't meant to simply snuff out a multi-billion dollar industry, but rather to encourage companies to develop innovative products that prove to be less unsafe than cigarettes. "It's taken a little while, but it seems the FDA is beginning to realize something the scientific community woke up to years ago: policies aimed at destroying the e-cigarette market actually would result in the unintended outcome of more smokers sticking with traditional combustible ...
  • Japan Confirms Tariff Increase on US Frozen Beef

    Japan Confirms Tariff Increase on US Frozen Beef

    Finance

    Japanese officials said on Friday they were raising duties on US frozen beef exports to 50% from 38.5%. Under World Trade Organization rules, Japan can introduce safeguard tariffs when imports rise more than 17% year-on-year in any given quarter.
  • Twitter Inc (TWTR) Shares Tank As User Growth Slows

    Twitter Inc (TWTR) Shares Tank As User Growth Slows

    Finance

    The company also reported a wider quarterly net loss and lower revenue , and said it did not expect its total revenue growth to pick up in the second half of the year. The social media giant posted earnings per share of 8 cents, compared with a Wall Street consensus estimate of 5 cents, which excludes stock based compensation and other one-time items.
  • Elon Musk VS Mark Zuckerberg Fight over Artificial Intelligence

    Elon Musk VS Mark Zuckerberg Fight over Artificial Intelligence

    Finance

    Zuckerberg and Musk, who is chief executive of electric auto maker Tesla Inc and rocket company SpaceX, have been waging a debate at a distance over the past few days on the dangers of artificial intelligence. "They said on the subject (artificial intelligence - 24) with mark". Musk, not the one to sit down quietly shot back on Twitter: "I've talked to Mark about this", he wrote.
  • NSE Nifty crosses 10000 for first time

    NSE Nifty crosses 10000 for first time

    Finance

    The index breached the 10,000-points level mark during the day's early trade session at 9.15 a.m. just after the pre-open session which lasted for 15 minutes. The private sector lender reported a 20.22 percent rise in Q1 net profit to Rs 3,893.84 crore for the quarter ended on June 30, 2017, compared to the same period past year.
  • Uber rival Grab to raise $2.5 billion in new financing

    Uber rival Grab to raise $2.5 billion in new financing

    Finance

    Grab will raise an additional US$500 million from existing and new investors to boost the total size of the fund raising to US$2.5 billion. The taxi app Grab has been given an additional $2 billion in financing, revealing the intense competition among auto services in Asia that have forced companies like Uber to take a back seat to rivals with extremely deep-pockets.