Financial watchdog broadens rules in bid to clean up banking sector

Financial watchdog broadens rules in bid to clean up banking sector

26.07.2017

First, the FCA proposes to introduce five conduct rules applying to all financial services staff. The FCA said the responsibilities of senior managers will be clearly set out and, should something in their area of responsibility go wrong, they can be held to account personally.

Rates rise on US Treasury bills to highest since late 2008

Rates rise on US Treasury bills to highest since late 2008

26.07.2017

The Australian dollar fell to almost a 2-week low of 0.9871 against the Canadian dollar and a 5-day low of 0.7887 against the USA dollar, from yesterday's closing quotes of 0.9924 and 0.7936, respectively. Copper prices, meanwhile, notched their highest settlement in more than two years on the back of strong demand and an upbeat economic outlook from China.

Musk commented on the statement by Zuckerberg about artificial intelligence

Musk commented on the statement by Zuckerberg about artificial intelligence

26.07.2017

But looks like AI might have blown that cover and brought in two chief executives- Elon Musk and Mark Zuckerberg in the spotlight. The Boring Company's a Musk side-project, and there's not much to it, according to what the Tesla CEO said at an April TED Talk, as it's comprised of "basically interns and people doing it part time".

British economy grows 0.3% in second quarter

British economy grows 0.3% in second quarter

26.07.2017

This followed the IMF's downgrade of its UK GDP growth forecasts on Monday. The ONS on Wednesday said that United Kingdom growth in the second quarter had been "driven by services, which grew by 0.5 percent" largely thanks to the retail sector.

Oil prices rally on reduced production

Oil prices rally on reduced production

26.07.2017

Brent crude oil futures are already back over $50, and it apparently won't be long before WTI futures are also above $50. The US production will be increased on the last part of this year and this fact is not refused by the bank. Commenting on oil production levels in Libya and Nigeria, both oil producing nations exempted from production cut to allow them restoring oil industry damaged in militant attacks, Kloza said that the "caps" put on output of these countries are well above likely 2017 ...

Coca-Cola profit beats on demand for healthier drinks

Coca-Cola profit beats on demand for healthier drinks

26.07.2017

Since then, they've bounced back and are up 0.3% to $45.38 at 11:38 a.m. The company's quarterly revenue was down 11.3% compared to the same quarter past year. Among 18 analysts covering Coca-Cola (NYSE:KO), 7 have Buy rating , 1 Sell and 10 Hold. Finally, Stifel Nicolaus restated a "hold" rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a research note on Friday, July 14th.

Chipotle's profit beat fuels share rise

Chipotle's profit beat fuels share rise

26.07.2017

Investors loved the growth and margins the company was churning out quarter after quarter and year after year. RBC Capital Markets has "Outperform" rating and $500 target. (NYSE: CMG ) has risen 7.62% since July 25, 2016 and is uptrending. And when news like this hits, it only hurts your attempts to bring more traffic into your stores.

Ford's second quarter net income up on tax changes

Ford's second quarter net income up on tax changes

26.07.2017

Ford sees full year earnings of $1.65 to $1.85 a share. Ford also warned that its full-year automotive operating margin and cash flow would be lower than in 2016. Ford's adjusted earnings were 56 cents per share, beating analysts' estimates of 43 cents a share. In May, Ford abruptly replaced CEO Mark Fields with Jim Hackett, a company board member who had been leading Ford's mobility unit.

Apple to set up three big manufacturing plants in US

Apple to set up three big manufacturing plants in US

26.07.2017

Apple itself has stated that changes to how overseas profits are taxed would encourage them to repatriate their money, which is a substantial $230 billion, most of which is kept outside the U.S. "I doubt it would ever be a major part of Apple's production line". However the company relies primarily on contractors, such as Foxconn , to assemble the iPhone and iPad and only owns one small manufacturing facility in Cork, Ireland.

High-Flying Euro Lays European Shares Low as Oil Picks Up

High-Flying Euro Lays European Shares Low as Oil Picks Up

26.07.2017

MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier losses to edge up 0.2%. The Fed is expected to make no change to policy tomorrow with investors and economists parsing the statement for clues on how officials plan to proceed in reducing their massive portfolio.