Business


Malaysia Resets Goods and Services Tax to Zero From June 1, 2018 Malaysia Resets Goods and Services Tax to Zero From June 1, 2018
- May 16, 2018

The ministry said all registered traders must comply with the order for the zero-rated GST. Assuming that the old Sales and Service Tax (SST) is not reintroduced, could this also translate to lower auto prices in the short term, as the prices will be significantly lower with GST being zero-rated? "At the same time, registered businesses are still subjected to all current regulations", said the ministry in a statement. (more...)
DirecTV Now adds DVR for all, updates iOS and Apple TV apps DirecTV Now adds DVR for all, updates iOS and Apple TV apps
- May 16, 2018

Enjoy access to up to three simultaneous different streams per account. The new experience is rolling out on recent-generation iOS/tvOS devices and supported web browsers and will be available for recent Android, Fire TV and Roku devices over the coming weeks. (more...)
Amazon Opening Its Door to Blockchain After Signing New Partnership Amazon Opening Its Door to Blockchain After Signing New Partnership
- May 16, 2018

Telefónica Business Solutions has got into a strategic collaboration with Amazon Web Services in order to offer more cloudy stuff to its customers. "We knew we needed to design a platform from the business problems down, since that is where the enduring problems are that companies face in the blockchain space". (more...)
AK Steel Holding Corporation (NYSE:AKS) Shares are -22.26% YTD, What's Next?
- May 16, 2018

Analyzing CEPU this week, analysts seem to be content with keeping to their bright forecast call at 0. Several additional equities analysts have also published recent reports on X stock. AKS's average Beneish M-Score: -1.92 during the last 7 years. During the same period last year, the business earned ($0.83) earnings per share . (more...)
Tencent blows past estimates as WeChat, games drive growth Tencent blows past estimates as WeChat, games drive growth
- May 16, 2018

That represented a 61 percent year-on-year rise. Margin improvement: Operating margin was 39%, up 42% on the year and 8% on the quarter. Smartphone games revenues alone were up 68 percent year-on-year to 21.7 billion yuan, thanks to titles such as "Honour of Kings". (more...)
A2 Milk's share price crashes, pulls down entire market A2 Milk's share price crashes, pulls down entire market
- May 16, 2018

A2 said its infant formula was now in more than 9000 mother and baby stores in China, while market research in China showed that a2's infant formula had 4.6 per cent market share in March 2018, up from 2.8 per cent in June previous year. The mid-point of the new sales guidance is 4 per cent down from the consensus of market expectations of $947m. A2 Milk previously forecast marketing spend for the full year to be in the range of $NZ61 million to $NZ65 million. (more...)
Novartis top lawyer quits over Cohen payments Novartis top lawyer quits over Cohen payments
- May 16, 2018

The one-year contract with Essential Consultants - signed in February 2017, shortly after Trump became president - saw Novartis agree to pay Cohen (pictured above) $100,000 (£74,000) per month. Apart from AT&T and Novartis, Cohen was also paid by Korea Aerospace Industries and Columbus Nova, a NY investment firm whose biggest client is Renova Group, a conglomerate owned by US -sanctioned, Kremlin-backed Russian oligarch Victor Vekselberg. (more...)
Paddy Power in discussions to combine United States business with FanDuel Paddy Power in discussions to combine United States business with FanDuel
- May 16, 2018

Citing multiple sources close to the talks, Legal Sports Report said that although details of the mooted agreement are unknown, it is understood the value of the deal is some way below the $1bn (€844.6m) at which FanDuel was once valued. Players pay an entry fee for each contest and compete for cash prizes. FanDuel was part of merger discussion previous year with rival DraftKings but the plan was scrapped in July after a legal challenge by the US Federal Trade Commission. (more...)
Electric torque on display as Tesla Model X tows a Qantas Dreamliner Electric torque on display as Tesla Model X tows a Qantas Dreamliner
- May 16, 2018

In fact, past year a video went viral showing a Tata Hexa towing a Boeing 737-800. Tesla made a decision to use a Model X P100D SUV to tow a Qantas 787-9 Dreamliner carrying a small amount of fuel but no passengers. EVs are renowned for their massive torque figures and the fact that all this firepower is available at a tap of the accelerator, unlike conventional internal combustion engines. (more...)
Volvo S60 won't offer a diesel engine Volvo S60 won't offer a diesel engine
- May 16, 2018

Samuelsson told the FT: "We're not saying diesel is more dirty, but it's more complicated and more expensive". The manufacturer previously suggested that its current generation of diesel engines could be its last, and announced a year ago that all its new cars launched from 2019 would have an element of electric drive, either with a hybrid or fully electric powertrain. (more...)
June's petrol price could rocket past R15 a litre June's petrol price could rocket past R15 a litre
- May 16, 2018

An Economic Times analysis of the price build-up at Bharat Petroleum's (BPCL) Delhi filling station shows the Cost and Freight prices of petrol and diesel have increased by $2.9 per barrel and $2.64 per barrel, respectively, between April 25 and May 10 when the freeze on prices was lifted. (more...)
Coca-Cola European Partners plc (NYSE:CCE) Continuing to Trade Below Moving Averages Coca-Cola European Partners plc (NYSE:CCE) Continuing to Trade Below Moving Averages
- May 16, 2018

Wisconsin-based Johnson Financial Group Incorporated has invested 0.07% in The Coca-Cola Company ( NYSE :KO). The ERP5 Rank may assist investors with spotting companies that are undervalued. The price target of a stock is the price at which the stock is fairly valued with respect to its historical and projected earnings. (TSE:2579) for last month was 0.94307. (more...)
Mallinckrodt (MNK) Forecasted to Earn Q2 2018 Earnings of $1.60 Per Share
- May 16, 2018

The stock had previously closed at $13.00. Finally, Oppenheimer restated a "hold" rating on shares of Mallinckrodt in a research note on Tuesday, February 27th. You'd think that the meanings of terms such as buy or sell are straightforward. A price target is the projected price level of a financial security stated by an investment analyst. (more...)
World oil prices reach maximum since 2014 World oil prices reach maximum since 2014
- May 16, 2018

Oil prices wavered between gains and losses Friday morning but hovered near the more-than-three-year highs reached after President Donald Trump's decision to pull the US out of the Iran nuclear deal . That's about 1 million barrels a day more than in early 2016. The UAE's exports to Iran are worth about 5 percent of its gross domestic product. For Saudi Arabia, that is "fine" because it means the return of sanctions and ratcheting up pressure on Iran in the region, including by Israel. (more...)
Scam-hit PNB posts huge loss Scam-hit PNB posts huge loss
- May 16, 2018

State-run Punjab National Bank posted its highest-ever quarterly loss at Rs 13,416.91 crore in the January-March quarter as it took a massive hit from the Rs 14,000-crore Nirav Modi scam. The fraud was first disclosed by PNB in February to be worth Rs 11,400 crore but was later raised to Rs 12,700 crore as new facts came to light. Moreover, the bank has created liability in the books in respect of LOUs/FLCs which were due after March 31 amounting to Rs 6959.79 crores. (more...)
Germany reveal provisional squad for 2018 World Cup Germany reveal provisional squad for 2018 World Cup
- May 16, 2018

There are seven Bayern representatives in Low's squad, including Thomas Muller, Mats Hummels, Sebastian Rudy and Joshua Kimmich, but four players will have to be cut when the coach names his final 23. "It wasn't his best season". There are also places for Manchester City duo Ilkay Gundogan and Leroy Sane, while Freiburg's uncapped Nils Peterson is a surprise inclusion in the 35. (more...)
Benchmark Reiterates Buy Rating for Western Digital (NASDAQ:WDC)
- May 16, 2018

Virtus Investment Advisers has invested 0.05% in Western Digital Corporation ( NASDAQ : WDC ). Paragon Mgmt Limited has 0.08% invested in Western Digital Corporation ( NASDAQ : WDC ) for 2,624 shares. 4/29/2018-BTIG Research Reiterated Rating of Buy. As per Friday, April 27, the company rating was maintained by Stifel Nicolaus. The stock increased 2.29% or $1.86 during the last trading session, reaching $82.98. (more...)
Japan GDP On Tap For Wednesday Japan GDP On Tap For Wednesday
- May 16, 2018

To get back on track, Japan needs to increase its exports. Private consumption accounts for about 60% of Japan's economic activity. "Private consumption and public demand were flat while investment spending and net exports fell slightly", he said in a note to clients. (more...)
Japanese Train Company Issues Public Apology For Departing 25 Seconds Early Japanese Train Company Issues Public Apology For Departing 25 Seconds Early
- May 16, 2018

A service on May 11 was due to depart at 7:12 am from Notogawa station , in central Japan, but due to a miscommunication, the train left at 7:11:35 am instead. The trouble started when the conductor of the train (an express that makes its final stop at Nishi Akashi Station in Hyogo Prefecture at 9:14) mistakenly thought it was supposed to leave at 7:11, and so closed the doors of the 12-car train at that time. (more...)
Woman fired after bringing laxative-laced brownies to colleague's farewell party Woman fired after bringing laxative-laced brownies to colleague's farewell party
- May 16, 2018

A woman was sacked for allegedly baking laxatives into brownies for a co-worker's going-away party at a MI company. And after initially denying that the perilous confections were tainted, the woman confessed once police warned they would test the brownies' contents, according to the newspaper. (more...)
Europe, Iran seek to save nuclear deal after United States pullout Europe, Iran seek to save nuclear deal after United States pullout
- May 16, 2018

And the Number 10 spokesman added: "The Prime Minister raised the potential impact of U.S. sanctions on those firms which are now conducting business in Iran ". Palestinian commentators have noted that the timing of the move feels like salt in a wound, as the ceremony will take place on the anniversary of Israel's founding - a day they call the "Naqba", or "disaster", because hundreds of thousands of Palestinians were forced to flee their homes. (more...)
Tech and health care drop stocks lower; bond yields rise Tech and health care drop stocks lower; bond yields rise
- May 16, 2018

That paves the way for higher borrowing costs on mortgages. USA equity markets closed solidly lower on Tuesday with the Dow industrials halting their eight-day advance. The move raised expectations for further interest rate hikes from the Federal Reserve . The yield on the 10-year Treasury rose to 3.07 percent from 3 percent late Monday. (more...)
Target cuts delivery fee by nearly half Target cuts delivery fee by nearly half
- May 16, 2018

The price change comes only a year after Target began testing the Restock service in limited markets, and follows the retailer's recent launch of a free Drive Up service for users of its mobile app. They have up until 7 PM Monday through Friday to place the order, then the box is delivered to their door the next day. Back in December, we reported that Target plans to bring same-day delivery to half of its store locations by the end of 2018. (more...)
A COMPREHENSIVE GUIDE TO THE China Manned Electric Aircraft MARKET: 2018 A COMPREHENSIVE GUIDE TO THE China Manned Electric Aircraft MARKET: 2018
- May 16, 2018

In this report, the Aircraft Passenger Seats market worth about X billion Dollars in 2017 and it is expected to reach XX billion USD in 2025 with an average growth rate of X%. The five-year forecasts can help to assess how the market is predicted to develop. Which market trends are impacting the growth of the China Manned Electric Aircraft report? Other aspects that will prove especially beneficial to readers of the report are: investment feasibility analysis, recommendations for ... (more...)
ZPG (ZPG) Rating Reiterated by Liberum Capital
- May 16, 2018

Stratos Wealth Prtn Limited accumulated 0% or 500 shares. The stock increased 0.99% or GBX 7 during the last trading session, reaching GBX 717.6. About 1.02M shares traded or 35.73% up from the average. The stock was sold at an average price of GBX 721 ($9.78), for a total transaction of £636,145.51 ($862,921.20). On Monday, March 5 the stock rating was reinitiated by Numis Securities with "Buy". (more...)
Amira Nature Foods Ltd. (ANFI)
- May 16, 2018

Spot crude prices are at their steepest discounts to futures prices in years due to weak demand from refiners in China and a backlog of cargoes in Europe. Its yearly performance remained -51.62%. Year to date performance remained at -30.22%. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is -19.79% and standing -26.75% away from 50-Day Simple Moving Average while traded -39.32% away from 200-Day Simple Moving Average. (more...)
High-Rewarding Stock to Observe: Kulicke and Soffa Industries, Inc. (KLIC)
- May 16, 2018

Its current ratio is 5.7. Let's consider Kulicke and Soffa Industries, Inc . Analyst's mean target cost for the company is $51 while analysts mean suggestion is 2.5. It doesn't necessarily predict anything, but extremes in activity can indicate a change in a stock's movement; higher ATRs can mean a stock is trending, and lower ATRs could indicate a consolidation in price. (more...)
Swansea relegated as Salah breaks single-season Premier League scoring record Swansea relegated as Salah breaks single-season Premier League scoring record
- May 16, 2018

The likes of Alex Oxlade-Chamberlain and Emre Can are expected to miss out whilst James Milner was also missing for the final Premier League game of the season. "We are delighted to be partnering for the third year running with BT Sport to make these games available live to YouTube users across all of our platforms". (more...)
Gwyneth Paltrow embraces motherhood with throwback snap Gwyneth Paltrow embraces motherhood with throwback snap
- May 16, 2018

Her dirty blonde hair was swept back into a bun, and the daughter of Blythe Danner stood in front of a gleaming set of gold-tinted metallic curtains. Apple is Gwyneth's daughter by Coldplay frontman Chris Martin , whom the Shakespeare In Love actress married in 2003. We've taken a look at some of the most high-profile break ups in showbusiness. (more...)
China's April coal output rebounds from 5-month low in March China's April coal output rebounds from 5-month low in March
- May 16, 2018

That topped expectations for an increase of 6.4% and was up from 6.0% in March. Property sales measured by floor area grew 1.3 percent in January-April from the same period a year earlier, down from 3.6 percent in the first quarter of the year, according to data from the National Bureau of Statistics (NBS). (more...)

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