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Samsung plans $18.6 billion South Korea investment to widen chip lead

The company commonly bankrolls its chip enterprises with more than $10 billion a year to lead the industry, outstripping such rivals as S. Korea's SK Hynix and Japan's Toshiba. In China, some South Korean firms have suffered from sales decline or have been forced to scale down operations after retaliatory measures from Beijing over the deployment of a USA anti-missile defence system outside Seoul,... [Full Article...]

Qatar plans to increase gas production despite sanctions

Qatar plans to increase gas production despite sanctions The company's head, Saad Sherida Al-Kaabi, said the emirate intends to raise production to 100 million tonnes a year by 2024 by doubling the size of a project in the world's largest gas field. His statements come as Qatar faces political and diplomatic isolation by a Saudi-led bloc of Arab countries. The announcement comes as the Gulf faces its worst diplomatic crisis in years after Saudi Ara... [Full Article...]

Da domani addio ai libretti di risparmio al portatore

Da domani addio ai libretti di risparmio al portatore Scatta anche dal 4 luglio il divieto di conti o libretti di risparmio in forma anonima o con intestazione fittizia e la pratica è vietata anche all'estero. Questa è una differenza fondamentale che intercorre rispetto al libretto al portatore che invece, può essere impiegato da chiunque lo detenga al momento del prelievo o del deposito presso lo sportello bancario o postale. [Full Article...]

Cara Therapeutics, Inc. (CARA) Downgraded by Janney Montgomery Scott to Neutral

The company had a trading volume of 7,847,092 shares. Rho Capital Partners Inc owns $54.91 million in Cara Therapeutics, Inc ., which represents roughly 6.2% of the company's market cap and approximately 20.96% of the institutional ownership. [Full Article...]

GTPL Hathway makes quiet debut, lists at Rs 170 on BSE

GTPL Hathway makes quiet debut, lists at Rs 170 on BSE The company sold its shares on both bourses of NSE and BSE. After opening at Rs 170, the stock plunged to Rs 162.25 on the BSE. The stock reached a high of Rs. In the GTPL issue, the quota reserved for qualified institutional buyers (QIBs) was subscribed 1.48 times, non-institutional investor quota 2.85 times and retail investor quota 99 per cent. [Full Article...]

Saudi Arabia Non-Oil Private Sector Growth At 8-Month Low

Saudi Arabia Non-Oil Private Sector Growth At 8-Month Low Saudi Arabia's non-oil private sector expanded at the weakest pace in eight months in June, survey figures from Emirates NBD and IHS Markit showed Tuesday. However, the rate of job creation eased to an eight-month low to signal a "broad stagnation" in employment, it found. The non-oil private sector saw a renewed contraction in purchasing activity. [Full Article...]

Samsung BioLogics signs $55-million contract with India's Sun Pharma

Samsung BioLogics signs $55-million contract with India's Sun Pharma TH Kim, President and CEO of Samsung BioLogics, said in the statement that the collaboration with Sun was important for it as it was a "testament" to its ability to provide reliable supplies through its GMP-certified (Good Manufacturing Practices) facility to pharmaceutical companies. [Full Article...]

Govt gears up to notify 7th pay commission allowances hike

Govt gears up to notify 7th pay commission allowances hike The Madhya Pradesh government's decision will benefit as many as 6.5 lakh employees. The HRA component of central government employees will increase ranging between 122 per cent and 157 per cent. Now, like Central government employees, the Madhya Pradesh state government servants too have a big reason to smile. The Shivraj Singh Chouhan Cabinet in Madhya Pradesh on Monday gave a go ahead to ... [Full Article...]

Spandau Ballet determined to carry on after singer's shock exit

Spandau Ballet determined to carry on after singer's shock exit Hadley, Keeble and Norman lost a court battle in 1999 to claim some of those royalties, but by 2009 the band had reformed and were performing a sold-out tour across the United Kingdom and Ireland. Of course, this isn't the first time Spandau Ballet have disbanded. They released a new album, Once More , in 2009 and a documentary, Soul Boys of the Western World , in 2014. [Full Article...]

Why I stepped aside -Kano Speaker

Why I stepped aside -Kano Speaker Rurum resigned in a letter read at plenary by the Deputy Speaker, Ibrahim Chidariof, who presided over the sitting. Earlier, at a briefing before the Assembly went on Sallah recess, he had denied the allegation and threatened to sue an online media group that first published the report. [Full Article...]

New Residential Investment Corp. Target of Unusually Large Options Trading (NYSE:NRZ)

Finally, Instinet restated a "buy" rating and set a $18.00 target price (up previously from $15.00) on shares of Altisource Residential Corporation in a research report on Monday, March 20th. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Washington Real Estate Investment Trust (NYSE:WRE) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities... [Full Article...]

Home Depot recalls light fixtures

Home Depot recalls light fixtures Home Depot says it received reports of more than 100 shades falling, leading to at least two people getting hurt. The recall affects the Home Decorators Collection 3-light and 4-light Comotti Vanity fixtures. More than 64,000 were sold through The Home Depot stores and website since December 2014 for $95 to $110. Customers are asked to contact design solutions global to receive replacement s... [Full Article...]

Vipshop Holdings Limited Americ (VIPS) Trades at New 52-Week High

Nomura restated a "neutral" rating and set a $16.80 price objective (up previously from $16.40) on shares of Vipshop Holdings Limited in a report on Tuesday, May 16th. Stifel Nicolaus increased their price target on shares of Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, May 16th. [Full Article...]

Sailing: Team New Zealand gets $5 million government funding

Sailing: Team New Zealand gets $5 million government funding Prime Minister Bill English said the money would go towards protecting the valuable intellectual property, experience and skills that rest with the team. The National-led government invested $5 million after the 2013 loss to keep Team NZ afloat but decided against funding its challenge for the cup. Bridges said New Zealand reaped "half a billion dollars in economic development" when the country ... [Full Article...]

Tech stocks appear to go nuts after computer glitch

Tech stocks appear to go nuts after computer glitch Google Finance showed Amazon shares down by 87.24 percent to $123.47, while Yahoo Finance said that the online retail giant was down by 74.33 percent to $248.49 when Amazon had only lost 1.48 percent. Nasdaq is working with third-party vendors to resolve the matter", a Nasdaq spokesperson was quoted as saying by MarketWatch. The US markets are closed on Tuesday for the Fourth of July Indepen... [Full Article...]

Devil is in the details for Australia's central bank meeting

Devil is in the details for Australia's central bank meeting Consumer inflation had moved higher over the past year. Business investment picked up in areas not directly affected by the decline in mining investment. There have now been 12 rate cuts since November 2011, with the Reserve Bank cutting rates from 4.75 per cent to 1.50 per cent. Recent government estimates that were obtained by The Australian newspaper suggest that a 1 percentage point increa... [Full Article...]

Eurozone Jobless Rate Remains Stable In May

Eurozone Jobless Rate Remains Stable In May The euro area (EA19) seasonally-adjusted unemployment rate was 9.3 per cent in May 2017, stable compared to April 2017 and down from 10.2 per cent in May 2016. Conversly, unemployment was highest in Greece (22.5 per cent) and Spain (17.7 per cent). The largest decreases were registered in Croatia (from 13.4% to 10.7%), Spain (from 20.2% to 17.7%) and Ireland (from 8.4% to 6.4%). [Full Article...]

Yellen treated at London hospital over the weekend

Yellen treated at London hospital over the weekend Central Bank. She is returning to Washington, D.C., and expects to resume her schedule as planned this week. Yellen went to London for a June 27 event at the British Academy and stayed in the city afterward for a short vacation. In September 2015, Yellen required medical attention after struggling to finish a speech in Amherst, Massachusetts. Yellen's term as Fed Chair ends next February. [Full Article...]

Tencent to limit play time for children amid online game addiction worries

Tencent to limit play time for children amid online game addiction worries Under the new rules, children under the age of 12 will only be able to play the mobile MOBA King of Glory for one hour per day and will not be able to play at all after 9pm. Now, parents can connect phones, tablets or computers that their children use to play games, so that they can always keep an eye on the children even if they have several game accounts, Tencent said. [Full Article...]

City of London 'to press European Union for post-Brexit deal'

City of London 'to press European Union for post-Brexit deal' The City of London group fears the fallout from Brexit negotiations if access to European Union markets is curtailed. An independent delegation headed by former city minister Mark Hoban will try to close a free-trade deal in Brussels, according to people familiar with the "unofficially supported" plan. [Full Article...]


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