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Location American Market News for 18 August 2017
Why Have Aluminum Prices Risen Sharply In Recent Months? LME aluminum prices have averaged close to $1,900 per metric ton so far this year, around 18% higher than the average for last year. Aluminum prices have been impacted by factors influencing both the demand and supply of...
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Why India Takes A Backseat To China In Media Coverage The feeling that India gets overlooked by Europe, including by the continent's media, is not unfounded, especially when compared to the coverage China receives.
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Tesla launched its mass market Model 3 sedan in late July, delivering the first few vehicles to its employees. During the company's second quarter earnings call conducted earlier this month, it indicated that the sedan c...
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Amazon's razor sharp focus on convenience and speed of delivery has led to yet another innovative offering by the company, this time called Instant Pickup.
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Taking SBI's cue, ICICI Bank cuts interest rate on savings account by 50 bps ICICI Bank has reduces interest rate on savings accounts by 50 basis points to 3.5% on deposits below Rs50 lakh
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E-Commerce Remains Bright Spot For Wal-Mart

Forbes - 18 Aug 2017 20:55
E-Commerce Remains Bright Spot For Wal-Mart Wal-Mart reported better-than-expected fiscal second quarter results on Thursday, August 17, as both its bottom line and revenue came in ahead of market expectations. However, the stock dropped slightly nevertheless.
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Alibaba Continues To Impress With Robust Growth Across Segments Alibaba announced its Q1 fiscal 2018 earnings on August 17, reporting a 56% year-over-year increase in revenues to RMB 50.2 billion ($7.4 billion).
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HDFC Life files draft papers with Sebi for IPO

livemint.com - 18 Aug 2017 20:17
HDFC Life files draft papers with Sebi for IPO HDFC Standard Life Insurance is expected to raise about Rs6,500- 7,500 crore through the IPO, according to the IPO documents the company filed with Sebi
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Sebi to defreeze bank accounts of NSEL, MCX ex-chiefs Sebi will defreeze the bank accounts of NSEL's former CEO Anjani Sinha and MCX's ex-chief Joseph Massey which were frozen in an alleged insider trading case
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The Tesla Model 3 Can't Justify Tesla Stock Price Tesla Inc (NASDAQ:TSLA) closed the second quarter of 2017 with adjusted revenues of $2.79 billion. That's up some 135.1% from the previous year. At first glance, such res...
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Biogen Treads Tricky Path Between Politicians, Investors

Wall Street Journal - 18 Aug 2017 18:43
Biogen is taking a political risk with aggressive multiple sclerosis drug pricing, but the company is under pressure to boost its share price.
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Wall Street Strongly Favors Peltz Move On P&G Peltz' move puts pressure on P&G for more meaningful improvements
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Infosys promoters lose Rs2871 crore in notional wealth on Vishal Sikka resignation Sudha Gopalakrishnan, wife of Kris Gopalakrishnan who had served as Infosys CEO and MD lost about Rs482.2 crore in notional wealth because of Friday's share price fall
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Tripling Down on Emerging Markets With a New Leveraged ETF

Wall Street Journal - 18 Aug 2017 18:08
Direxion, the firm behind popular funds that bet on gold mining companies, oil prices and Chinese stocks, launches an ETF that aims to triple the returns of emerging-market bonds.
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Ex-Dividend Reminder: PVH, Marriott International and Expedia PVH Corp will pay its quarterly dividend of $0.0375 on 9/22/17, Marriott International, Inc. will pay its quarterly dividend of $0.33 on 9/29/17, and Expedia Inc will pay its quarterly dividend of $0.30 on 9/14/17.
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Reliance Nippon Life AMC files IPO papers, eyes Rs18,000 crore valuation Reliance Nippon Life's IPO would be the first IPO by a major asset management company in India, though smaller rival UTI Mutual Fund's IPO plans have been in the works
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Sebi gets Trai help to curb fraudulent messages

livemint.com - 18 Aug 2017 17:23
Sebi gets Trai help to curb fraudulent messages Trai and Sebi collaborated closely to review the existing regulatory framework and industry practices to help in reducing the misuse of mass communication device like bulk SMSes
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Nifty snaps 3-day winning spree, falls 67 points

livemint.com - 18 Aug 2017 17:09
Nifty snaps 3-day winning spree, falls 67 points The NSE Nifty declined since the sentiment was affected as global stocks markets declined on rising doubts about US President Donald Trump's ability to deliver his economic agenda
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Foot Locker nosedive after the company's quarterly results miss expectations by a wide margin.
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ICEX to launch diamond futures contracts on 28 August The Indian Commodity Exchange Limited (ICEX) today announced that it will launch the world's first diamond futures contracts on 28 August
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Gold, silver prices extend gains for second day

livemint.com - 18 Aug 2017 16:42
Gold, silver prices extend gains for second day Standard gold prices jumped by Rs175 to finish at 29,135 per 10 grams from Thursday's closing level of Rs28,960
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Coupa Software: Little Known Tech Stock on Verge of a Breakout

Profit Confidential - 18 Aug 2017 16:40
Coupa Software Growth Deserves Higher The small-cap segment has not proven favorable for the risk-on trader so far this year following the market-leading 19.5% advance by the Russell 2000 in 2016. The index is struggling...
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