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Market News

Location American Market News for 24 May 2018
Earnings fell short of Street expectations.
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Celgene's Buybacks Are Coming Up Empty

Wall Street Journal - 24 May 2018 20:27
Celgene's shares rose after the biotech company announced an accelerated stock repurchase, but the pace of Celgene's buybacks shouldn't do much to reassure investors.
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Radhakishan Damani sells 1% stake in Avenue Supermarts Damani sold a total of 6.24 million shares of Avenue Supermarts between 21-24 May
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MCX launches India's first silver options

livemint.com - 24 May 2018 15:35
MCX launches India's first silver options Five contracts expiring in June, August, November, February and April with a lot size of 30 kg were launched, said MCX
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IBC amendments: Some dilutions, and a lot more speed

livemint.com - 24 May 2018 14:12
IBC amendments: Some dilutions, and a lot more speed The dilution of the insolvency and bankruptcy code is perhaps a small price to pay for speeding up its use in getting the highest value from an asset in the shortest possible time, and that is really the core spirit of t...
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The company, which also owns Bath & Body Works, slashes its full-year earnings outlook.
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Sebi eases market access for foreign investors in IFSC Sebi says it will be obligatory on the stock exchanges for brokers and providers to furnish information relating to trades on bourses in IFSC originated through providers including KYC details of their end-clients, as an...
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Best Buy, the No. 1 U.S. consumer electronics retailer, reported a forecast-beating rise in same-store sales in the first quarter, helped by strong customer demand.
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Williams-Sonoma stock was up more than 15 percent in after-hours trading following the report.
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Medtronic reported a 25.5 percent rise in quarterly profit on Thursday on higher demand for its heart devices.
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Bitcoin price manipulation to be focus of US criminal probe The US probe is focused on illegal practices that can influence Bitcoin prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling
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Ralph Lauren Refreshes Its Faded Jeans

Wall Street Journal - 24 May 2018 11:40
Ralph Lauren shares jumped as the company beat analyst expectations and showed investors evidence that its turnaround efforts may finally take hold.
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ONGC, Oil India shares slump 11% on fears of windfall tax ONGC shares fall 11.4% to hit an intraday low of Rs155.45, while Oil India shares slip 11.2% to Rs204.65 a share
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The Trump administration is mulling new tariffs on imported vehicles and auto parts. That hasn't yet wrecked Asian car makers' share prices. But it has driven the U.S.'s trade policy even further off-road--and investors ...
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NSE-SGX futures fight a 'concern' for MSCI's CEO

livemint.com - 24 May 2018 08:17
NSE-SGX futures fight a 'concern' for MSCI's CEO MSCI CEO Henry Fernandez says his firm is concerned about the dispute between NSE India and SGX that threatens a popular offshore futures contract
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Tata Motors shares dive 8% on poor Q4 earnings

livemint.com - 24 May 2018 07:40
Tata Motors shares dive 8% on poor Q4 earnings Tata Motors shares plunge nearly 8% to hit an over 27-month low as many brokerages reduce the stock's target price after the company'e Q4 net profit drops 50%
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Mytrah Energy delists from London's Alternative Investment Market Mytrah Energy had listed on the London Stock Exchange's submarket in 2010 when it had raised $80 million from institutional investors
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Jet Airways shares hit over 15-month low on surprise Q4 loss Jet Airways shares fall 10.6% in intraday trade to Rs376.60--a level last seen on 20 February 2017--after the company reported a Q4 loss of Rs1,036 crore
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Conmpanies likely to reschedule IPO plans over volatile market Companies that were looking to launch their IPOs have turned cautious as a falling rupee and rising crude oil prices have roiled the stock markets
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NSE talks with SGX did not work: CEO Vikram Limaye

livemint.com - 24 May 2018 06:40
NSE talks with SGX did not work: CEO Vikram Limaye CEO Vikram Limaye said NSE's suit against Singapore Exchange over trading of Nifty futures and options is a result of failed discussions to transition liquidity to India
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Patanjali's gambit is paying off in toothpaste wars

livemint.com - 24 May 2018 06:12
Patanjali's gambit is paying off in toothpaste wars The share of Patanjali Dant Kanti in the toothpaste market more than doubled to 6.7% from a year ago, lowering the share of the top three brands--Colgate, Pepsodent and Dabur--to 86.8% from 92% in 2012
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The double whammy from rising crude oil prices

livemint.com - 24 May 2018 06:01
The double whammy from rising crude oil prices The surge in crude oil prices past $80 a barrel has increased India's dependency on oil imports and shot up the bill for it
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