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Credit Suisse posts third straight annual loss on USA tax writedown

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That helped the bank return an nearly unchanged pretax profit of 729 million francs (725 million in 2016). Fourth-quarter revenue was essentially flat at 5.19 billion francs, while pre-tax profit came in at 141 million francs, reversing a pre-tax loss of more than 2.2 billion francs a year earlier. Read More »

Industrial production lowers to 7.1% in December'17

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The General Index for December 2017 stands at 130.3, which is 7.1 per cent higher as compared to the level in December 2016. Inflation in the housing segment rose slightly to 8.33% in January 2018 from 8.25% the previous month. Excluding the volatile food and energy components, the CPI is forecast rising 0.2 per cent after a similar gain in December. Food price inflation for urban areas stood at 4.06 per cent in January against 4.71 per cent in December 2017 and -0.31 per cent in ... Read More »

Lotte Group chairman Shin Dong-bin jailed for bribery

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Shin Dong-bin, 63, the chairman of Lotte Group, has been jailed for two and a half years on charges tied to a corruption scandal that engulfed the former president, Park Geun-hye. Shin's imprisonment could tarnish the conglomerate's image and throw a wrench into the listing plans. Shin Dong-joo called for the "prompt resignation and dismissal" of his younger brother. Read More »

Domino's Pizza Group (LON:DOM) Given Sell Rating at Liberum Capital

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The firm earned "Buy" rating on Thursday, January 4 by Oppenheimer. On Tuesday, July 18 the stock rating was maintained by Canaccord Genuity with "Buy". The firm has a market cap of $9,270.00, a price-to-earnings ratio of 40.36, a P/E/G ratio of 1.70 and a beta of 0.45. It has a 228.8 P/E ratio . Read More »

Real-time payments platform debuts Down Under

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Osko payments will begin to roll out across Australia from today, and will continue to do so over the next few months. It will also allow eligible users to link their bank details to a PayID, which means users can hand out their phone number or email address to receive payments instead of numerical bank account details. Read More »

Fox pledges on Sky News independence to win bid clearance

Nonetheless it said its proposed remedies, based on putting a "firewall" around the 24-hour news channel, went to the heart of addressing the Competition and Markets Authority's (CMA) concerns. Because the larger transaction requires regulatory approval that will not be granted before the CMA must make a final ruling on the takeover of Sky, 21CF has said its independence undertakings relating to Sky News will evaporate if the Disney deal completes. Read More »

Coca-Cola European Partners plc (CCE) Stake Decreased by Bp Plc

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The stock increased 3.39% or $0.49 during the last trading session, reaching $14.94. About 2.23M shares traded or 36.00% up from the average. Crown Holdings, Inc. Noesis Capital Mangement Corp increased its stake in The Coca-Cola by 1.0% during the 2nd quarter. Australia-based Commonwealth Financial Bank Of Aus has invested 0.08% in News Corporation (NASDAQ:NWS). Read More »

Before Dabangg 3 Salman Khan & Sonakshi Sinha reunite in THIS film

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Salman Khan, on the other hand, will leave you in splits as he enacts all of his famous dance steps from his popular films like Sultan , Wanted and Dabangg . "It was nostalgic in many ways, the romantic, melodious song has been filmed beautifully", Sonakshi gushed. Talking about Welcome To New York , the film was extensively shot during IIFA awards. Read More »

Shah Rukh Khan's ZERO to have a space connection?

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Interestingly, the number of followers of Amitabh Bachchan's Twitter handle slipped from 33 million to 32 million last week. "Judge nahi karna, feel karna .Thx", Shah Rukh captioned the video. To give his 100% for the Role of Rizwan Shaikh, Shah Rukh Khan remained in Rizwan's character even at home. After a long wait, the makers of the upcoming film ZERO starring Shah Rukh Khan had revealed the name and the first look of the film. Read More »

Sensex, Nifty Surge On Firm Global Cues

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Market breadth was positive with 2033 stocks closing higher against 770 ending lower on BSE . It finally settled 294.71 points, or 0.87 per cent, higher at 34,300.47. On the macro front, the government will announce inflation data based on consumer price index (CPI) for January and industrial production data for December 2017 to be released after market hours today. Read More »

Twitter earns first profit, stock soars

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It made $91 million in profit compared to a $167 million loss in the same quarter back in 2016. The company's owned-and-operated advertising revenue was $593 million in the quarter, a year-over-year increase of 7 percent. However, it lost users in the United States after a clampdown on fake accounts. Twitter's annual loss shrunk from $457 million in 2016 to $108 million 2017 aided by cost-cutting measures. Read More »

Air collision averted by few seconds, probe launched

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A collision was averted after an automatic warning alerted the pilots of the two planes of being in close proximity to each other, an official said. "[Air India Captain Anupama Kohli] could see the Vistara flight approaching and hear the air traffic controllers asking United Kingdom 997 why it was on this level", the official said. Read More »

United Kingdom presses fraud charges against Barclays over Qatar loan

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The regulators are already separately weighing up how to respond to attempts by Barclays Chief Executive Jes Staley to unmask a whistleblower's identity. Britain's Serious Fraud Office (SFO) believes the loan was used directly or indirectly to buy shares in Barclays , which the watchdog is calling unlawful financial assistance. Read More »

Banking Royal Commission begins, with banks warned to fully admit transgressions

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Commissioner Kenneth Hayne QC sought further information from some financial institutions, after initially seeking submissions by the end of January about misconduct over the past decade. The commission identified inappropriate lending as of the themes that it said have already emerged in its review of the submissions it has received so far. Read More »

Institutional Investors Are Buying Washington Real Estate Investment Trust (NYSE:WRE)

The firm operates through two divisions, Property and Casualty Insurance, and Reinsurance. It has a 10.08 P/E ratio. It provides a range of fleet transportation insurance products, such as commercial motor vehicle liability, physical damage, and other liability insurance; workers compensation insurance; specialized accident that include medical and indemnity insurance products for independent contractors; non-trucking motor vehicle liability insurance for independent contractors; fidelity and ... Read More »

United States stocks struggle to stabilize after entering 'correction'

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Markets followed US stocks lower after the Dow, coming off a record high, entered a "correction" - that is, a 10 percent decline from its latest peak - for the first time in two years. Chinese stock markets tend to be volatile and are dominated by retail investors, rather than big institutions like many other major markets. Rising deficits could drive interest rates higher. Read More »

Bourses to stop licensing index, stock prices to foreign exchanges

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Exchanges could also create indices based on their market data which could then be licensed to foreign exchanges for trading of products based on Indian indices. The SGX responded in a statement that it will "take all measures to maintain orderly trading and clearing of SGX India equity derivatives for our global clients". Read More »

Canadian figure skaters modify 'edgy' sex position for Olympics

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The original move from January's nationals can be seen at the 2:26 mark in the video below. Moir insists that the tweak to the routine is for aesthetic, not sexiness, reasons. With the heat turned all the way up, Virtue and Moir got a flawless score at the Canadian Skating Nationals in Vancouver. "We didn't know what to expect", said Moir about his third Olympics adventure. Read More »

The Country Club Trust Company na Maintains Position in QUALCOMM Incorporated (QCOM)

Northern Trust Corp now owns 19,519,161 shares of the wireless technology company's stock valued at $1,077,848,000 after buying an additional 499,531 shares in the last quarter. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Cadence Cap Limited Co reported 255,475 shares stake. Gofen And Glossberg Ltd Liability Company Il has 0.44% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 226,334 shares. Read More »

JB Hi-Fi Must Be Still Selling A Lot Of Games And Consoles

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Sales at JB Hi-Fi Australian stores grew on a year ago by 10.8% which was driven by the video games industry as well as computers, audio and drones. Total sales in New Zealand dropped 0.4 per cent to $115.5 million ($NZ124.6 million). Online sales, in particular, were a particularly strong growth area, surging 40.6 per cent to $119.3 million. Despite this, Murray says he is happy with how the business unit is tracking overall. Read More »

Amazon.com (NASDAQ:AMZN) Given "Buy" Rating at Aegis

The stock decreased 1.75% or $0.35 during the last trading session, reaching $19.6. About 11.84M shares traded or 171.99% up from the average. It has outperformed by 20.71% the S&P500. Eagle Cap Mngmt Limited Liability Company accumulated 1.9% or 3,469 shares. (NASDAQ:AMZN). Scott Selber invested 3.15% in Amazon.com, Inc. It also reduced Carmax Inc (NYSE:KMX) stake by 2.62 million shares and now owns 1.40 million shares. Read More »

AbbVie Inc (ABBV) Given Average Rating of "Buy" by Brokerages

The institutional investor held 666,105 shares of the other consumer services company at the end of 2017Q3, valued at $100.92M, up from 633,743 at the end of the previous reported quarter. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Read More »

TrueCar, Inc. (TRUE), Starwood Property Trust, Inc. (STWD)

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The company has a market capitalization of $5,160.00, a PE ratio of 11.90, a P/E/G ratio of 1.91 and a beta of 0.22. The stock decreased 4.61% or $0.66 during the last trading session, reaching $13.67. (NYSE:MRK) for 1.09 million shares. Bkd Wealth Advsr holds 15,530 shares. Tortoise Investment Management LLC acquired a new position in shares of Starwood Property Trust in the 3rd quarter worth approximately $215,000. Read More »