Money


Sasfin drops KPMG as corporate South Africa weighs links with auditor Sasfin drops KPMG as corporate South Africa weighs links with auditor
- September 19, 2017

Sars would also KPMG to the Minister of Finance to consider stopping all work now performed by KPMG in other departments as well as any work in the pipeline until all the work KPMG conducted for the state have been investigated and reviewed for quality and proper auditing quality and expected standards. (more...)
Royal Bank Scotland PLC (The) (RBS) Receives News Sentiment Rating of 0.12 Royal Bank Scotland PLC (The) (RBS) Receives News Sentiment Rating of 0.12
- September 19, 2017

Among 20 analysts covering Royal Bank of Scotland Group plc (ADR) (NYSE: RBS ), 5 have Buy rating, 3 Sell and 12 Hold. They now have a GBX 269 ($3.63) target price on the financial services provider's stock. It has underperformed by 33.21% the S&P500. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other ... (more...)
Morgan Stanley Cuts American Airlines Group, Inc. (AAL) Price Target to $47.00
- September 19, 2017

On Wednesday, November 25 the stock rating was downgraded by HSBC to "Reduce". Norinchukin Bank The now owns 72,411 shares of the airline's stock valued at $3,644,000 after buying an additional 5,313 shares during the last quarter. The company was maintained on Thursday, July 13 by Citigroup. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. (more...)
Federal Reserve's meeting could trigger stock sector rotation
- September 19, 2017

Yellen doesn't serve a second term after her current one expires next February. On Friday, the benchmark S&P 500 index closed at a record high, hitting the 2,500 level for the first time. Political uncertainty may have a part to play in the BOJ's thinking. The Fed has raised a benchmark short-term interest rate four times since late 2015. (more...)
Third quarter revenues climb at Ocado Third quarter revenues climb at Ocado
- September 19, 2017

British online grocer Ocado said on Tuesday it was growing sales at a rate ahead of the industry average and saw a slight acceleration in its latest quarter. An example of this was Ocado being the first United Kingdom supermarket to allow customers to modify orders using Amazon's voice-activated tool, Alexa. (more...)
Maria strengthens to major Category 3 hurricane Maria strengthens to major Category 3 hurricane
- September 19, 2017

Hurricane Maria was about 35 miles (55 km) northeast of Martinique, with maximum sustained winds of 130 miles per hour (215 km per hour), the Miami-based weather forecaster said. Governor Ricardo Rosselló said, "We want to alert the people of Puerto Rico that this is not an event like we've ever seen before". He said schools were canceled for Monday and government employees would work only a half day. (more...)
General Electric Company (GE)
- September 19, 2017

It has underperformed by 4.60% the S&P500. Insight 2811 Inc. now owns 37,789 shares of the conglomerate's stock valued at $1,126,000 after acquiring an additional 118 shares during the last quarter. Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 0 are positive. Bremer Trust National Association decreased its position in General Electric Company (NYSE:GE) by 15.3% during the 2nd quarter, according to the company in its most ... (more...)
Boston Advisors LLC Sells 220685 Shares of Bank of America Corporation (BAC) Boston Advisors LLC Sells 220685 Shares of Bank of America Corporation (BAC)
- September 19, 2017

Lowes Cos Inc now has $64.68B valuation. Fulton Financial Corporation (NASDAQ:FULT) shares were trading higher by 0.58 percent ($0.1) at $17.45 a piece in Friday's session. Jefferies has "Buy" rating and $2800 target. The rating was maintained by Oppenheimer with "Buy" on Tuesday, July 18. Investors sentiment increased to 1.1 in Q4 2016. (more...)
Watching the Tape Move for Direxion Daily Financial Bull 3X Shares (FAS)
- September 19, 2017

The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Akin to all moving averages, the angle of the Tenkan line is very important as the sharper the angle, the stronger the trend while the flatter the Tenkan, the flatter or lesser the momentum of the move is. (more...)
Gilead Sciences, Increased to B- at TheStreet
- September 19, 2017

Hall Laurie J Trustee now owns 1,500 shares of the biopharmaceutical company's stock valued at $100,000 after purchasing an additional 250 shares during the period. The firm has "Buy" rating given on Monday, August 28 by Credit Suisse. Credit Suisse has "Outperform" rating and $118 target. The company was initiated on Thursday, February 25 by Citigroup. (more...)
Supermarket own-brand products and discount retailers thrive as inflation bites, data shows Supermarket own-brand products and discount retailers thrive as inflation bites, data shows
- September 19, 2017

The average British household spends nearly GBP4,200 in supermarkets each year, so a fall in inflation, which Kantar said it expects to see towards the end of the year, will be "a welcome relief", it noted. "Collectively Aldi and Lidl now account for almost £1 in every £8 spent in Britain's supermarkets", Mr McKevitt added. Asda attracted an extra 482,000 shoppers compared with a year ago, the fastest rate by the retailer in more than three years. (more...)
RBI Considering to Introduce its Own Cryptocurrency Similar to Bitcoin RBI Considering to Introduce its Own Cryptocurrency Similar to Bitcoin
- September 19, 2017

The country has already been cracking down on big commercial bitcoin trading exchanges. Bitcoin rebounded by more than 8 percent to $3,974 in intraday trading on Monday, up about 30 percent from Friday's low-ebb of $2,972, as investors calmed after digesting the exchange closure news . (more...)
Ryanair cancels dozens of flights to and from Italy Ryanair cancels dozens of flights to and from Italy
- September 19, 2017

Italian newspaper La Repubblica commented Tuesday the cancellations meant a huge dent in Ryanair's image, an airline "that had made a religion out of its fight for the lowest possible fares ". It has issued cancellation notices up until Wednesday. Compensation has also to be paid when the airline sends out notifications between 14 and 7 days before departure or if the flight is scheduled to arrive more than four hours after the originally scheduled time. (more...)
Most Asian shares gain as investors await Fed meeting Most Asian shares gain as investors await Fed meeting
- September 19, 2017

The Fed is maintaining a bullish stance, but the mixed performance of the economy over the past months, the current state of play in the geopolitical arena and the expected toll of the two recent hurricanes might force a more balanced tone. (more...)
Hurricane Maria now potentially catastrophic category 5 with 'dreaded pinhole eye' Hurricane Maria now potentially catastrophic category 5 with 'dreaded pinhole eye'
- September 19, 2017

That's about two-and-a-half days of tropical storm winds, and on Wednesday we will feel the brunt - all of the island will feel the brunt of sustained category four or five winds, Rossell said. Irma became one of the strongest hurricanes on record, maintaining winds over 180 miles per hour for almost two days. Relief workers are racing to secure debris left strewn across the islands that have the potential to make the coming hurricane "more hazardous" if they are picked up by high winds. (more...)
TPG Telecom lifts profit but cuts dividend TPG Telecom lifts profit but cuts dividend
- September 19, 2017

TPG's broadband subscribers were broken down into 37,000 FttB customers, 28,000 off-net ADSL, 110,000 on-net ADSL; 520,000 on-net ADSL bundle; and 262,000 NBN customers. The company expects to make up for these decreases with some major upgrades to its mobile networks in Australia and Singapore. TPG said it was thinking not just about the 4G network it is rolling out now but also about how that would transition to 5G in future. (more...)
Equifax security breach brings new safety measures Equifax security breach brings new safety measures
- September 19, 2017

They just have no regulation and they really fell in this loophole. The company has said the executives were unaware of the hack when they sold the stock for US$1.8mil (RM7.54mil). Equifax's legal woes worsened as the US Attorney's office in Atlanta issued a statement saying it was working with the FBI on a criminal investigation into the breach and theft of personal information. (more...)
Bulls&Bears Captivating in Wall Street: VanEck Vectors Semiconductor ETF (NYSE:SMH)
- September 19, 2017

Traders may be relying in part on technical stock analysis. Rafferty Asset Management LLC lessened its stake in shares of VanEck Vectors Russia ETF (NYSE: RSX ) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. (more...)
AbbVie Inc. (ABBV) - Worth Watching Stock
- September 19, 2017

About 258,560 shares traded. It is down 52.08% since September 18, 2016 and is uptrending. It has outperformed by 16.96% the S&P500. At the end of 06/30/2017 reporting period, 772 institutional holders increased their position in AbbVie Inc. (more...)
Germany stands with Britain in terror fight: Merkel Germany stands with Britain in terror fight: Merkel
- September 19, 2017

The strength of its economy has enabled Germany to sustain a high level of public services and also enjoy one of the best social security systems in the world. A committd European, Chancellor Merkel has always been a champion of European ideals such as universal civil rights and a protector of the European "four freedoms", especially freedom of movement. (more...)