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Market News

Location American Market News for 10 February 2017
The Most Important People A Business Leader Can Ever Hire As a rule, business leaders like to be surrounded by senior and junior executives who tell them what they want to hear rather than voice dissenting opinions.
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Global gold prices fall on Trump tax pledge, US rate hike expectations Spot gold prices were down 0.4% at $1,225.42 per ounce by 8.56am. On Wednesday, they touched their highest since 11 November at $1,244.6
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Two fund houses announce cut in expense ratios, will others follow suit? Experts say that it is unlikely that other fund houses will start cutting expense ratios in their equity funds
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Rupee hits 15-week high against US dollar in opening trade The local currency opened at 66.83 a dollar and touched a high of 66.82, a level last seen on 10 November 2016
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BSE Metal Index soars 13% post Donald Trump's win in US election Constant rise in non-ferrous metals prices has been driving the BSE Metal Index in the last quarter of 2016 boosted by Trump's stress on higher infrastructure spend in the US
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Opening bell: Asia opens higher; Infosys, Tata Steel, Manappuram in news In other news, Lupin plans to build a portfolio of specialty products for the US market through acquisitions in areas of women's health, pediatrics and neurology
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Govt's plan to list Air India is a chimera

livemint.com - 10 Feb 2017 03:51
Govt's plan to list Air India is a chimera Air India has such high levels of debt that the value of its equity is most likely to be negative, or zero at best
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ABB India's surge in orders may underpin high valuations The December quarter's fresh order pool at ABB India of Rs5,628 crore was a record 173% higher than a year ago
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Expedia Misses Earnings Expectations But Recent Acquisitions, Orbitz And HomeAway, Are Starting To Pay Off Expedia missed earnings expectations but its 2016 fiscal year performance was bolstered by the success of two recent acquisitions: Orbitz Worldwide and vacation rental platform HomeAway.
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Trump Gets Freer Hand on Banks as Tarullo Departs

Wall Street Journal - 10 Feb 2017 23:17
The resignation of Daniel Tarullo, the Federal Reserve's de facto head of bank regulation, is another step forward for the Trump administration's plan to ease rules for Wall Street. It will also give the new administrati...
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December quarter results indicate SBI limping back to normalcy But for ugly bad loan ratios, two heartening numbers at SBI are the sequential reduction in stressed assets ratio to 9.54% and a fall in credit costs to 1.92%
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Ford and other auto makers could see their profits drop in 2017 as a glut of used cars comes to market. The number of cars whose leases expired in 2016 increased by 33% and that figure is further expected to increase to ...
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Live Streaming On YouTube To Spark Competition With Facebook Facebook started testing advertisements in videos on its platform and introduced a revenue sharing model similar to that of YouTube. From a commercial perspective Facebook is looking to broadcast more high quality videos...
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Will Trump Import Inflation? Not Just Yet

Wall Street Journal - 10 Feb 2017 20:04
Investors think President Donald Trump's tough talk on trade will fan inflation. But if anything, so far, it has exerted a cooling effect on prices.
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This Chart Shows An Economic Anomaly That Investors Can't Explain Nineteenth-century writer Frédéric Bastiat, in his classic "Broken Window" parable, warned that economic thinking requires us to see what isn't happening as well as what is.
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Bearish Sentiment Drops Below Historical Average The percentage of individual investors describing their short-term market outlook as "neutral" is at its highest level since the election, according to the AAII Sentiment Survey. Pessimism fell, while optimism bounced ba...
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How flash crash trader Navinder Singh Sarao went from genius to dupe Navinder Singh Sarao a.k.a 'Flash Crash Trader' made big money trading futures from his bedroom--then lost it all
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This 50% Dividend Grower Is Hiding In Plain Sight There are two ways to get big dividends: you can buy stocks that boast high current yields, or you can buy stocks that consistently grow their payouts.
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Sears Stock Leaps On Plan To Wipe Out $1 Billion In Costs This is the struggling retailer's latest bid to stay afloat.
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Reckitt-Mead Deal Needs Enriched Formula in China

Wall Street Journal - 10 Feb 2017 16:39
Possible cost savings in the proposed Reckitt Benckiser-Mead Johnson deal offer little reassurance to investors.
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Visa Becomes #2 Most Shorted Dow Stock, Replacing International Business Machines In our new rank based on the most recent short interest data, Visa Inc (NYSE: V) has taken over the position of #2 most shorted Dow component, from International Business Machines Corp. (NYSE: IBM) which is now in the #3...
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Wal-Mart Stores Becomes #6 Most Shorted Dow Stock, Replacing Procter & Gamble In our new rank based on the most recent short interest data, Wal-Mart Stores, Inc. (NYSE: WMT) has taken over the position of #6 most shorted Dow component, from Procter & Gamble Co. (NYSE: PG) which is now in the #7 sp...
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