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Market News

Location American Market News for 29 September 2017

The Long-Haul Airline Disruptor Isn't Built For Turbulence

Wall Street Journal - 29 Sep 2017 15:31
If you've booked a cheap trans-Atlantic flight with Norwegian Air Shuttle, you can relax: It probably isn't about to go bust. Whether the Oslo-listed airline's high-risk business model can withstand more difficult market...
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What has changed in the global oil market and will it be sustained? For India, higher oil prices mean further pressure on growth
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Weak monsoon raises the risk of earnings estimates cuts for agrochemical firms If indeed the agrochemical industry growth is in single digits in the first half of the current fiscal year, then we can see moderation of earnings estimates
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More Borrowing Is Not the Answer at Valeant

Wall Street Journal - 30 Sep 2017 01:08
Valeant Pharmaceuticals International is considering a new round of borrowing. That is one reason investors should consider cashing in after the stock's big recent rally.
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Outlook Is Foggy, Investors See Sunshine

Wall Street Journal - 30 Sep 2017 00:28
The market is acting like the economy is about to take off, though hurricanes and tax cut debate make it hard to see the future.
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Circular on mutual fund scheme mergers soon, says Sebi's Mahalingam G. Mahalingam, whole-time member at Sebi, says the regulator will issue a circular for merging mutual fund (MF) schemes in a week's time
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Domestic institutional investors inflows in equities hit record high in September quarter Domestic investors pump Rs41,500 crore into markets, but FIIs sell $3.2 billion of stocks
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The U.S. FDA recently approved Abbott Labs' new blood glucose monitoring system - Freestyle Libre Flash. While this is a meaningful development for the company, it was expected.
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Motorola Solutions stock has had a mixed year, remaining essentially flat since early January. The company is expected to expand its operating profitability and EPS, driven by strong operating cost reductions
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World's First 'Open Source' Platform Integrating SAP & Blockchain Plans Initial Coin Offering A joint venture between Swiss-based blockchain content distribution platform DECENT and Venaco Group claims to be the first open source platform to integrate blockchain technology with SAP for users and integrators. The ...
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Shell companies: NSE seeks clarification from firms on disqualified directors The NSE has asked for clarification from various companies about the continuation of disqualified directors on their respective boards
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India's external debt rises to $485.8 billion at June-end India's external debt was placed at $485.8 billion at the end of June, recording an increase of 3% over its level at end-March 2017, RBI data showed
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India's forex reserves drop by $262.3 million to about $402 billion India's foreign exchange reserves declined marginally by $262.3 million to $402.246 in the week of September 22
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Sebi asks hedge funds to report investments in commodity derivatives Sebi wants to track all cumulative net investments made by hedge funds in commodity derivatives
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Accenture reported its Q4 2017 results on September 28, posting 8% year-over-year growth in revenues to $9.1 billion. Both the Consulting and Outsourcing businesses reported growth in earnings, and the company reported r...
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Cryptocurrencies drop as South Korea bans ICOs, margin trading Financial Services Commission in Seoul banned all forms of initial coin offerings after which ethereum fell by about 6% and bitcoin by 3.5%
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The One Solid Lie Behind The Trump Tax Plan

Forbes - 29 Sep 2017 17:55
The One Solid Lie Behind The Trump Tax Plan The Trump/GOP Tax Plan is Built on a Lie. Here's the big fib and how it will hurt you.
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What Russian Meddling In Elections Might Have Looked Like Did they or didn't they? No one can agree. But here's one scenario that is indisputable; a strange twist on election meddling.
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Don't Buy Another Fund Until You Read This

Forbes - 29 Sep 2017 17:05
Don't Buy Another Fund Until You Read This Are funds' with high dividend yields dangerous?
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FPIs can buy corporate debt worth up to Rs9,500 crore in infrastructure sector The move comes after RBI's decision to exclude foreign investment in rupee denominated bonds, popularly known as masala bonds, from the combined corporate debt Limit
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What Barclays Should Do to Win Back Shareholder Love

Wall Street Journal - 29 Sep 2017 15:23
Banks need a good story to explain what they are about. Barclays wants to tell a tale of growth, but its audience is struggling to suspend its disbelief.
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Making a fortune from arranging private bitcoin transactions LocalBitcoins.com, which has about 350,000 active users from nearly every country, is a platform for buyers and sellers to advertise bitcoins, set their own prices and conduct trades privately
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