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Market News

Location American Market News for 12 October 2017
Roche Holdings' oncology business accounts for over 50% of the company valuation, according to our estimates. The company's blockbuster oncology drugs are Avastin, Herceptin and MabThera/Rituxan. These three drugs alone ...
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Companies Hike Dividends 152% In 3rd Quarter Dividend generosity is increasing
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A web of requirements in transfer pricing regime

livemint.com - 12 Oct 2017 21:24
A web of requirements in transfer pricing regime With a fast changing tax environment and India tightening its transfer pricing/BEPS belt, investors in India would do well to identify any such challenges and adopt measures to mitigate the same
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On 10% Surge, Bitcoin Hits An All-Time High

Forbes - 12 Oct 2017 19:36
On 10% Surge, Bitcoin Hits An All-Time High Plus, JPMorgan Chase CEO Jamie Dimon, who had previously called Bitcoin a fraud, vowed to stop commenting on it.
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Big Banks' Credit Card Woes Spell Trouble for Smaller Issuers

Wall Street Journal - 12 Oct 2017 18:00
J.P. Morgan and Citigroup reported solid earnings, but also flashed a warning signal on consumer debt that investors in some other companies should heed.
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The Economic Impacts Of Recent Hurricanes And Tax Reform The September jobs report has caused some concern that the US economy might be slowing. However, a closer look at the data shows otherwise.
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Driverless cars may be the future but they still have a long way to go to convince today's motorists that they are safe.
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HSBC: What to Make of Banking Giant's New Top Team

Wall Street Journal - 12 Oct 2017 17:29
John Flint, HSBC's next CEO, has an attitude of service to the cause and a strong background in managing risk, making him the right man to work alongside Chairman Mark Tucker.
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Gold prices rise on fresh demand, global cues

livemint.com - 12 Oct 2017 16:12
Gold prices rise on fresh demand, global cues Standard gold (99.5 purity) moved up by Rs100 to close at Rs29,795 per 10 grams from Wednesday's closing level of Rs29,695
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What's Your 'Magic Dividend Number' For Retirement? How much money do you need to retire on dividends alone? This is a better question to ask than the typical "magic number" formula that most "first-level" thinking firms tout.
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Citigroup's Profits Climb 8% Despite Drop In Trading The nation's fourth-largest bank reported higher revenues and profitsin its third quarter, powered by strong performance in its consumer and investmentbanking divisions.
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Domino's reported a better-than-expected quarterly profit on Thursday as the company benefited from higher demand in the U.S.
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Recovering Economy And Rising Interest Rates Help JPMorgan Overcome Wall Street's Malaise JPMorgan's third quarter profits rose 7% due to a recovering U.S. economy and rising interest rates, which outweighed falling trading and investment banking revenues. The bank's results were generally in-line with analys...
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Gold prices rise on festive demand, global cues

livemint.com - 12 Oct 2017 13:22
Gold prices rise on festive demand, global cues Gold prices surge by Rs80 to Rs30,830 per 10 gram following uptick in festive season demand from jewellers and retailers at the domestic spot market amid a strong global trend
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Kerala to raise Rs10,000 crore from NRKs to fund two highways The Kerala government is planning to raise Rs10,000 crore through non-resident Keralite bonds for funding two highways in the state
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JPMorgan Chase reports earnings well above Wall Street estimates, but bond trading revenue sank in the third quarter.
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Say Goodbye to the China Bid

Wall Street Journal - 12 Oct 2017 12:46
The flow of Chinese money into assets around the world is coming to an end.
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Some Inconvenient Truths About 7-Eleven's Owner

Wall Street Journal - 12 Oct 2017 12:34
Shares in Japan's Seven & I haven't budged much since activist shareholder Dan Loeb won a boardroom battle there last year.
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Mutual funds register Rs2 trillion inflows in April-September Investors poured in a net of Rs2,02,001 crore in mutual fund schemes in the first six months of the ongoing fiscal, as compared to Rs2,34,564 crore in April-September 2016-17
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Bitcoin trades above $5,000 for first time ever

livemint.com - 12 Oct 2017 10:58
Bitcoin trades above $5,000 for first time ever Bitcoin smashed through the $5,000 barrier for the first time ever today, jumping as much as 7% to chalk up its biggest daily rise in over two weeks
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Gold prices touch two-week high amid subdued US dollar Gold prices rise to their highest in two weeks on Thursday amid a muted dollar, after minutes from the US Fed's September policy meeting revealed low inflation concerns
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GIC Re IPO subscribed 81% so far on second day

livemint.com - 12 Oct 2017 08:58
GIC Re IPO subscribed 81% so far on second day As of 12pm, the GIC Re IPO received bids for 101,267,776 shares against the total issue size of 124,700,000 shares
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