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Market News

Location American Market News for 30 May 2016
Oil pessimists exit market as supplies seen closer to balance Speculators reduced bets on falling prices to the lowest level in 11 months as oil briefly breached $50 a barrel on signs supplies are coming into balance
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BSE to sell up to 30% stake by FY17-end

livemint.com - 30 May 2016 22:51
BSE to sell up to 30% stake by FY17-end BSE will hold an AGM on 24 June to seek shareholder approval for the share sale, could raise around Rs1,300 crore
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Renault reaches electric landmark

CNN - 30 May 2016 18:47
Renault reaches electric landmark Nicki Shields visits Renault's largest assembly plant in mainland France to see how the Zoe electric car is made.
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A unique view of the Berlin ePrix

CNN - 30 May 2016 18:45
A unique view of the Berlin ePrix Nicki Shields and Dragon Racing driver Jerome D'Ambrosio get a bird's eye view on the Berlin track from German capital's famous TV tower.
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Electric cars charging into a wireless future? Technology company Qualcomm is hoping to revolutionize the way electric cars are charged.
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Forecast for Workday's Stock: Cloudy

Wall Street Journal - 30 May 2016 18:43
Workday has a track record of beating analyst estimates, but that doesn't mean its shares will respond accordingly.
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Stock rally at risk as UBS sees earnings as 'glass half empty' Earnings are recovering and some high-frequency data points have turned positive, but the evidence isn't broad enough
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Cancer Drugs: A Long Road to Blockbuster Sales

Wall Street Journal - 30 May 2016 18:02
Amid high hopes, investors shouldn't forget how tricky cancer-drug development is.
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Wells Fargo Curbs Bank-Stock Enthusiasm

Wall Street Journal - 30 May 2016 17:55
By lowering its return targets, Wells Fargo has signaled a continued soft environment for banks.
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Pacific Andes International Holdings, a Hong Kong company controlled by the Malaysian Ng family, once the largest fish fillet producer globally by volume, seems to have just about escaped liquidation. But whether it can ...
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Product crack: Finozen

livemint.com - 30 May 2016 15:55
Product crack: Finozen This is an app that can be downloaded on to your mobile phone
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Transfer of Property Act governs gifts of immovable property If the intent is that the transfer or release of rights is intended to operate only in favour of some and not all the co-owners, then the language in the instrument should be clear
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Indian banks seek artificial intelligence

livemint.com - 30 May 2016 15:44
Indian banks seek artificial intelligence Banks may look at using AI for enhancing customer experience, security, and risk management
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Hamilton wins his second Monaco GP

CNN - 30 May 2016 14:35
Hamilton wins his second Monaco GP Sponsored: Drivers With No Tickets In 3 Years Read This Do NOT pay your next car insurance bill until you try this.
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Goldman sees end of yuan 'sweet spot' spurring fund outflows With the US poised to raise interest rates and pressure building on China to ease monetary policy, cash outflows will accelerate, Goldman forecasts
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CX Partners-backed SIS India plans Rs1,000 crore IPO, hires merchant banks The SIS India IPO will also see the firm raise primary capital, which it plans to utilize to grow through acquisitions
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Oil prices seen crossing $60 this year

livemint.com - 30 May 2016 14:10
Oil prices seen crossing $60 this year Oil futures jumped 31% this year, climbing above $50 a barrel last week, as US crude stockpiles declined, trimming a glut
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Ricciardo claims career-first F1 pole

CNN - 30 May 2016 14:01
Ricciardo claims career-first F1 pole Sponsored: Drivers With No Tickets In 3 Years Read This Do NOT pay your next car insurance bill until you try this.
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Dalian Wanda: An Offer That Makes Shareholders Want to Move On

Wall Street Journal - 30 May 2016 13:47
Dalian Wanda Commercial's plan to delist so soon after its IPO reeks of expedience, rather than long-term value creation. Investors may have little choice but to move on.
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Claris shares gain 20% on completing successful audit by USFDA Claris says that the USFDA audited the facility in May 2015 and the company took steps to address regulator's observations
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Noble Group: Why Big Moves Don't Signal New Chapter

Wall Street Journal - 30 May 2016 12:30
Noble Group bids farewell to its CEO and one of its best-performing businesses, hardly signs things are getting back to normal.
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China fixes yuan at over five-year low against dollar China only allows the yuan to rise or fall 2% on either side of the daily fix, one of the ways it maintains control over the currency
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