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Market News

Location American Market News for 28 August 2017

Ripple Price Forecast and Analysis - August 28, 2017

Profit Confidential - 28 Aug 2017 17:43
Ripple prices continue to froth after a spike in Korean trading sent XRP up by double digits last week. Prices corrected over the next few days, wiping out any positive Ripple news that started the rally in the first pla...
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A Surprise Lift From China for U.S. Steel

Wall Street Journal - 28 Aug 2017 13:30
Signs of incremental progress on steel overcapacity are pushing Chinese steel margins higher for the first time in nearly a decade. U.S. Steel and other western steel firms could benefit.
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Banks Send Warning Signs for Economy

Wall Street Journal - 28 Aug 2017 03:47
Data out of the banking sector is consistent with an aging economic expansion.
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Uber Gets a Lift From CEO Pick

Wall Street Journal - 28 Aug 2017 23:30
Uber's CEO pick, Dara Khosrowshahi, has the skills needed to prepare the troubled company for an initial public offering.
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Harvey's Lessons for U.S. Energy

Wall Street Journal - 28 Aug 2017 23:22
The hurricane's hitting the Gulf Coast of Texas highlights how the U.S. now relies on fewer refineries, run closer to their limits, to turn crude into fuel and get it to consumers.
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Market roundup | SBI index shows industry turnaround yet to happen The yearly index, although at a 12-month high, is at 50.9 and the lender dubs the reading an indicator of low growth
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Infosys share buyback may see founders sell some stake The keenness of the Infosys founders to participate in the share buyback comes two days after co-founder Nandan Nilekani was appointed chairman of the firm
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Vijaya Bank to raise Rs1,000 crore in QIP

livemint.com - 28 Aug 2017 20:17
Vijaya Bank to raise Rs1,000 crore in QIP Vijaya Bank launched a Rs1,000-crore institutional sale of shares with a floor price of Rs66.36 per share, offering a discount of up to 5% on the floor price for the QIP
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Litecoin Price Forecast and Analysis - August 28, 2017

Profit Confidential - 28 Aug 2017 19:00
It's no wonder that LTC prices hit an all-time high on Monday. As explained in our previous Litecoin price forecast, investors are unraveling their post-fork positions in Bitcoin and dumping some money back into second-r...
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NSE adds three stocks to Nifty 50, removes four

livemint.com - 28 Aug 2017 17:13
NSE adds three stocks to Nifty 50, removes four NSE to add Bajaj Finance, Hindustan Petroleum, UPL Ltd and remove ACC Ltd, Bank of Baroda, Tata Power and Tata Motors DVR from the Nifty 50 index
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Gilead Has Earned Benefit of the Doubt

Wall Street Journal - 28 Aug 2017 17:11
When taking a big chance, it helps to have a good track record. Such is the case at Gilead Sciences.
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Govt to sell 5% in NTPC at Rs168 per share on Tuesday The government will sell 5% stake in NTPC through an offer for sale at Rs168 per share to raise about Rs7,000 crore
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Reliance Capital shareholders to get 1:1 stock of home finance arm Reliance Capital says its shareholders will get a free share of Reliance Home Finance for each RCap share held as on 6 September
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Lowest mutual fund expense ratio

livemint.com - 28 Aug 2017 15:58
Lowest mutual fund expense ratio Here are the expense ratios of different mutual funds schemes
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What a car loan costs you

livemint.com - 28 Aug 2017 15:58
What a car loan costs you Interest rates for car loans vary across banks. Here are the interest rates offered by few of the major ones
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RBI introduces Rs200 note, but ATMs will not dispense it yet To dispense Rs200 denomination notes, the ATM manufacturers will have to recalibrate the ATMs
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If you are leaving India, you can redesignate an account as NRO If you plan to go abroad for an uncertain period, you are eligible to re-designate your accounts as Non-resident Ordinary (NRO) accounts
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Loan taken by a brother to fund sister's education is not eligible for tax benefits The tax break is available only where the loan is taken to fund the higher education of wife or children or a student for whom you are a legal guardian
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Peg annual premium hike to inflation index by an independent authority Antony Jacob explains how the markets and products have changed in the last decade and the role of standalone health insurance companies in setting the agenda
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EPFO to trim investments in AAA-bonds, may pump Rs3,000 crore into AA+bonds EPFO has decided to cut the current investment of Rs15,000 crore in AAA-rated bonds by Rs3,000 crore and invest that amount in AA+bonds, says Bandaru Dattatreya
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Nestle India hits 10-month high as company eyes volume-led double digit growth Shares of Nestle India rose more than 6% in intraday trading, hitting a 10-month high after its management said that the firm is eying double digit growth led by volume
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Splunk Stock Needs to Breach This Level in Order to Run

Profit Confidential - 28 Aug 2017 14:58
SPLK Stock: One Last Hurdle Remains Splunk Inc (NASDAQ: SPLK) stock closed the trading day on Friday, August 25, up 8.48% on the heels of a better-than-expected earnings report. The company managed to beat on both the to...
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