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Market News

Location American Market News for 15 September 2017
Alibaba, Baxter Propel Daniel Loeb Above S&P 500 Year To Date Loeb's activist Nestle investment stays flat
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Why P&G Investors Should Want Nelson Peltz on the Board

Wall Street Journal - 15 Sep 2017 19:12
After some serious missteps, the once irreproachable consumer-goods giant has lost the right to say: Just trust me.
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ICICI Lombard IPO opens today: Valuation a bother, but analysts recommend long-term subscription Analysts believe the premium valuation of ICICI Lombard IPO is justified in the context of huge growth potential of the general insurance segment
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Markets post best weekly gains in two months despite volatile Friday trading Indian markets put up their best weekly performance in two months, with the Sensex and Nifty gaining 1.8% and 1.5%, respectively
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Bitcoin Prices Surge More Than 25% As Cryptocurrencies Recover Did the latest news out of China help or hurt Bitcoin prices?
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American Express Has Regained Ground In The U.S. Card Market, But Competition Remains Fierce American Express is gradually recovering from the setback it experienced in mid-2016, when it lost out to Citi for the right to issue Costco cards. The card giant has done well to hold on to its market share of 10% over ...
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Why StubHub Is Crucial to eBay's Stagnating Marketplaces Business eBay has reported a slowdown in its total transaction revenues over the last few years. While core marketplaces revenues have slowed down, StubHub has continued to thrive for the company.
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RBI to sell Rs10,000 crore govt bonds via open market operations RBI has decided to sell government securities under open market operations for Rs100 billion on 28 September 2017 through multi-security auction
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What To Expect From Bed Bath & Beyond's Q2

Forbes - 15 Sep 2017 20:48
What To Expect From Bed Bath & Beyond's Q2 Bed Bath & Beyond is scheduled to announce its fiscal second quarter earnings on Tuesday, September 19. The retailer started the year on a weak note, as both its revenues and earnings fell short of consensus estimates in...
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Hurricanes that cause big damage have a second life: In the earnings calls of big companies in the quarters following the storm.
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Formula One team McLaren is to end its partnership with its Honda at the end of the 2017 season, the British team confirmed Friday.
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Why U.S. Consumers Are Feeling Spent

Wall Street Journal - 15 Sep 2017 19:38
The weak August retail sales report reflects the limited wherewithal Americans have to spend more.
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ICICI Lombard IPO subscribed 27% on Day 1

livemint.com - 15 Sep 2017 18:20
ICICI Lombard IPO subscribed 27% on Day 1 The ICICI Lombard IPO received bids for 16,669,466 shares against the total issue size of 61,666,740, according to NSE data
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Current account deficit widens to 2.4% of GDP in Q1: RBI data The current account deficit increased to $14.3 billion, or 2.4% of the GDP, in the first quarter of the current fiscal, from $0.4 billion a year ago, the RBI said
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The Renault-Nissan-Mitsubishi automotive alliance is doubling down on scale and cost-sharing, but investors only care about margins.
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What's Wrong With All-Time High Stocks? Low Volume Rises Just Don't Look Right There is an abnormal combination in today's market: Stocks rising to all-time highs, accompanied by mediocre trading volumes. What does it mean? Risk is up.
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India's forex reserves top $400 billion for the first time, shows RBI data India's foreign exchange reserves rise past $400 billion for the first time ever, strengthening policy makers' buffers ahead of an expected reduction in US stimulus
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Drug Stocks Benefit from the Sound of Silence

Wall Street Journal - 15 Sep 2017 16:13
A movement to crack down on high drug prices appears to have fizzled, giving stock prices a lift.
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Venezuela's Latest Currency Decision Shows Desperation Venezuela announced it will no longer accept payments for oil in U.S. Dollars. Though couched as a response to sanctions, this is likely a sales pitch for new customers.
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After a point, disclosure norms should be same for listed and unlisted firms Dasgupta talks about how listing will bring in greater transparency, why a shift towards underwriting profits is better for customers, and more
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Prataap Snacks' Rs482 crore IPO begins on 22 September Indore-based snacks maker Prataap Snacks' estimated Rs482 crore initial public offer will open for subscription on 22 September
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Gold prices fall below Rs31,000 mark on weak local demand Gold prices drop Rs100 to Rs30,900 per 10 gram at the bullion market on Friday as demand from jewellers and retailers eased locally amid weak trend overseas
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