Market News
Yuan Slide Takes Toll on Chinese Firms
Wall Street Journal - 13 Aug 2015 21:41
The yuan's surprise fall is likely to saddle some Chinese companies with billions of foreign-exchange losses, just when borrowers are grappling with towering debt burdens and slowing growth at home.
Sensex keeps its head above water, spurts 37 points; Nestle gains 2.78%
livemint.com - 13 Aug 2015 14:43
China's apex bank assurance that there was no reason for yuan to fall further also helped in arresting last four days' rout
PBOC Says "Don't Worry, Be Happy"
Forbes - 13 Aug 2015 11:34
PBOC officials says all is good
Prosecutors Seek to Keep Insider-Trading Defendants in Custody
Wall Street Journal - 13 Aug 2015 23:32
Prosecutors are pushing to keep in custody five people arrested in the U.S. this week for their alleged roles trading on corporate earnings information stolen from newswire companies by suspected hackers in Ukraine.
Bank of America Sets Vote on Moynihan's Role for Sept. 22
Wall Street Journal - 13 Aug 2015 23:23
Bank of America set its special meeting for Sept. 22 for shareholders to vote on whether Chief Executive Brian Moynihan should retain the title of chairman.
Five S&P 500 Stocks With Rising Short Activity
Forbes - 13 Aug 2015 21:38
The most recent short interest data has just been released by the NASDAQ for the 07/31/2015 settlement date, and we here at Dividend Channel have sifted through this fresh data and screened out these five S&P 500 stocks....
Yuan Devaluation Kicks Rupiah When It's Down
Wall Street Journal - 13 Aug 2015 21:33
For Indonesia's currency, already dragged to long-term lows by weak exports and slow economic growth despite government and central-bank support efforts, China's surprise devaluation is another weight.
Long-term case for Indian assets remains intact: Rashmi Sadhwani
livemint.com - 13 Aug 2015 21:32
The investment strategist at Coutts on how monetary policy will be biased towards further easing, albeit slowly and in a measured way
Investors still positive on India, but smaller rivals are catching up
livemint.com - 13 Aug 2015 21:31
While the overall sentiment around emerging market investments remains subdued, India remains among the top picks
U.S. Oil Prices Fall to Six-Year Low
Wall Street Journal - 13 Aug 2015 21:27
U.S. oil prices fell to a six-year low as a combination of factors weighed on the benchmark contract.
U.S. Invokes Threat to Dollar in Pitching Iran Deal
Wall Street Journal - 13 Aug 2015 21:06
President Obama and Secretary of State Kerry have warned that walking away from the Iran nuclear deal would create financial complications that would diminish the dollar's elite global status.
Rate Watchers Read the Chinese Tea Leaves
Wall Street Journal - 13 Aug 2015 21:01
China's devaluation probably won't derail a September Fed rate increase, but its effect on import prices could help blunt their trajectory.
How Nike And Under Armour Move When Spieth, Rory And Tiger Win Majors
Forbes - 13 Aug 2015 21:00
The 97th PGA Championship is underway at Whistling Straits with Under Armour's Jordan Spieth and Nike's Rory McIlroy in the field. But when it comes to stock prices, it doesn't really matter who wins.
Thursday Sector Leaders: Services, Financial
Forbes - 13 Aug 2015 20:34
Looking at the sectors faring best as of midday Thursday, shares of Services companies are outperforming other sectors, up 0.7%. Within that group, Advance Auto Parts Inc (NYSE: AAP) and News Corp (NASD: NWSA) are two of...
YY Q2 Earnings Review-Is Going Private For Real?
Forbes - 13 Aug 2015 20:24
Are these Chinese companies really going private?
Despite Big Moves By Alibaba, Maersk, US Remains Stock Buyback King
IBTimes - 13 Aug 2015 20:23
Recent share repurchase announcements from overseas companies seem cut from the same cloth as U.S. companies currently engaged in a buyback craze. Alibaba, the Chinese online retailer, tacked a $4 billion buyback onto it...
Daily Dividend Report: ACE, GPI, PCP, BRCM, PRGO, TROW, NOV, LNC
Forbes - 13 Aug 2015 20:22
ACE Limited (ACE) declared a quarterly dividend equal to $0.67 per share, payable on October 21, 2015, to shareholders of record at the close of business on September 30, 2015.
Private equity deals rise by 100% in volume in July
livemint.com - 13 Aug 2015 20:20
With more than 60% of total volume, IT and ITeS continues to be the preferred sector for PE/VC investments
Thursday's ETF with Unusual Volume: COPX
Forbes - 13 Aug 2015 20:09
The Copper Miners ETF (COPX) is seeing unusually high volume in afternoon trading Thursday, with over 199,000 shares traded versus three month average volume of about 33,000. Shares of COPX were down about 1.6% on the da...
Broker Edward Jones Settles With SEC Over Pricing of Muni Bonds
Wall Street Journal - 13 Aug 2015 20:08
Brokerage firm Edward Jones has agreed to pay $20 million to settle charges that it overcharged clients in new municipal-bond sales, the Securities and Exchange Commission said .
Thursday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Forbes - 13 Aug 2015 20:08
In trading on Thursday, precious metals shares were relative laggards, down on the day by about 5.3%. Helping drag down the group were shares of Banro (BAA), down about 13.8% and shares of Harmony Gold Mining Company (HM...
Thursday's ETF Movers: ITB, GDXJ
Forbes - 13 Aug 2015 20:06
In trading on Thursday, the iShares U.S. Home Construction ETF (ITB) is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of Builders Firstsource (BLDR)...