Yahoo News - Latest News & Headlines

To read an article, you are linked to the providers site. If you wish to open the link in a new window, hold SHIFT key (Internet Explorer, Opera) or CTRL key (Netscape, Firefox) down and click on the link.

  • Protests spread across Lebanon over proposed new taxes

    Protests spread across Lebanon over proposed new taxesLebanese security forces fired tear gas to disperse hundreds of protesters in Beirut early Friday after they tried to push through security barriers around the government headquarters amid some of the largest demonstrations the country has seen in years. The protests erupted over the government's plan to impose new taxes during a severe economic crisis, with people taking their anger out on politicians they accuse of corruption and decades of mismanagement.


  • China Economic Growth Unexpectedly Slows to 6% in Third Quarter

    China Economic Growth Unexpectedly Slows to 6% in Third Quarter(Bloomberg) -- China’s economic growth slowed more than expected in the third quarter, with lackluster domestic demand and the ongoing downturn in global trade weighing on output.Gross domestic product rose 6% in the July-September period from a year ago, the slowest pace since the early 1990s and weaker than the consensus forecast of 6.1%. Factory output rose 5.8% in September, retail sales expanded 7.8%, while investment gained 5.4% in the first nine months of the year.The slowdown is further evidence that the Chinese government is letting the world’s second-largest economy drift lower while it seeks to clean up the financial system and curb credit. Even without the drop off in exports to the U.S., the economy is likely to continue struggling, with deflationary pressures hitting company profits and falling imports indicating that domestic demand is weak.The data increase the risk that the government won’t hit its target of achieving growth of between 6% and 6.5% for 2019, unless support measures are significantly stepped up. Until now, officials have focused on limited, targeted measures such as reserve-ratio cuts and credit support, wary of expanding the nation’s already heavy debt load.“Momentum has been easing since the second half of 2018, driven by industrial weakness and moderating consumer demand,” said Li Wei, a senior economist at Standard Chartered Plc in Shanghai. “The protracted U.S.-China dispute, which now goes well beyond just trade, has hit the sentiment badly. More policy stimulus can be expected as growth is now on the brink of sliding below the official target.”\--With assistance from Kevin Hamlin.To contact Bloomberg News staff for this story: James Mayger in Beijing at jmayger@bloomberg.net;Tomoko Sato in Tokyo at tsato3@bloomberg.net;Miao Han in Beijing at mhan22@bloomberg.netTo contact the editor responsible for this story: Jeffrey Black at jblack25@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


  • China third-quarter GDP grows 6.0%, misses expectations

    China third-quarter GDP grows 6.0%, misses expectationsChina's economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war. Friday's data marked a further loss of momentum for the economy from the second quarter's 6.2% growth, likely raising expectations that Beijing needs to roll out more measures to ward off a sharper slowdown. China's trading partners and investors are closely watching the health of the world's second-largest economy as the trade war with the United States fuels fears about a global recession.


  • Is 'The Big One' coming? A California fault capable of a 8.0 earthquake is moving for the first time, study says

    Is 'The Big One' coming? A California fault capable of a 8.0 earthquake is moving for the first time, study saysA California fault that could produce a 8.0-magnitude earthquake began sliding following a series of July temblors, according to a new study.


  • Did You Manage To Avoid Yue Yuen Industrial (Holdings)'s (HKG:551) 27% Share Price Drop?

    Did You Manage To Avoid Yue Yuen Industrial (Holdings)'s (HKG:551) 27% Share Price Drop?For many investors, the main point of stock picking is to generate higher returns than the overall market. But its...


  • If You Had Bought Plexure Group (NZSE:PLX) Shares A Year Ago You'd Have Made 500%

    If You Had Bought Plexure Group (NZSE:PLX) Shares A Year Ago You'd Have Made 500%While Plexure Group Limited (NZSE:PLX) shareholders are probably generally happy, the stock hasn't had particularly...


  • Apples rot on trees as Kashmir strife inflicts economic pain

    Apples rot on trees as Kashmir strife inflicts economic painKashmir's apple orchards, backbone of the economy and livelihood for nearly half the region's people, are deserted with fruit rotting on the trees at a time when they should be bustling with harvesters. Losses are mounting as insurgent groups pressure pickers, traders and drivers to shun the industry to protest an Indian government crackdown. Kashmir's pristine mountainous landscapes, ski resorts, lake houseboats and orchards have long made it a tourist attraction.


  • Can We See Significant Insider Ownership On The PVR Limited (NSE:PVR) Share Register?

    Can We See Significant Insider Ownership On The PVR Limited (NSE:PVR) Share Register?Every investor in PVR Limited (NSE:PVR) should be aware of the most powerful shareholder groups. Institutions will...


  • Japan's inflation hits 2-1/2-year low, raises stimulus chance this month

    Japan's inflation hits 2-1/2-year low, raises stimulus chance this monthJapan's core consumer inflation slowed to near 2-1/2-year lows in September, dragged down by sliding energy prices and raising the chance the central bank will top up its already massive monetary stimulus at its review this month. The data will be among indicators the Bank of Japan will scrutinise at its Oct. 30-31 meeting, when it conducts a quarterly review of its growth and price forecasts. Stubbornly subdued inflation underscored the challenge the BOJ faces in accelerating inflation to its elusive 2% goal at a time the world's third-largest economy grapples with risks from a global slowdown and this month's sales tax hike.


  • How Does Whirlpool of India's (NSE:WHIRLPOOL) P/E Compare To Its Industry, After Its Big Share Price Gain?

    How Does Whirlpool of India's (NSE:WHIRLPOOL) P/E Compare To Its Industry, After Its Big Share Price Gain?Whirlpool of India (NSE:WHIRLPOOL) shares have continued recent momentum with a 33% gain in the last month alone. And...


  • Are Insiders Selling China Beidahuang Industry Group Holdings Limited (HKG:39) Stock?

    Are Insiders Selling China Beidahuang Industry Group Holdings Limited (HKG:39) Stock?We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...


  • Energy Secretary Perry says he is resigning by year's end

    Energy Secretary Perry says he is resigning by year's endEnergy Secretary Rick Perry announced Thursday that he will leave his job by the end of the year, saying that under President Donald Trump the nation is nearing energy independence. Perry's long-rumored departure comes as he is under scrutiny over the role he played in the president's dealings with Ukraine, the focus of an ongoing impeachment inquiry. In a letter to Trump, Perry made no mention of Ukraine and exalted in policy successes that have led to increased production and exports of oil and natural gas.


  • Who Has Been Selling Praj Industries Limited (NSE:PRAJIND) Shares?

    Who Has Been Selling Praj Industries Limited (NSE:PRAJIND) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...


  • How Does Computime Group Limited (HKG:320) Affect Your Portfolio Volatility?

    How Does Computime Group Limited (HKG:320) Affect Your Portfolio Volatility?Anyone researching Computime Group Limited (HKG:320) might want to consider the historical volatility of the share...


  • Will Stellar Resources (ASX:SRZ) Spend Its Cash Wisely?

    Will Stellar Resources (ASX:SRZ) Spend Its Cash Wisely?Just because a business does not make any money, does not mean that the stock will go down. For example, although...


  • Rick Perry to resign as Donald Trump's energy secretary amid Ukraine scrutiny

    Rick Perry to resign as Donald Trump's energy secretary amid Ukraine scrutinyEnergy Secretary Rick Perry, the former Texas governor who has faced scrutiny over President Donald Trump's interactions with Ukraine, has resigned.


  • Investors Who Bought Far East Hotels and Entertainment (HKG:37) Shares Three Years Ago Are Now Down 55%

    Investors Who Bought Far East Hotels and Entertainment (HKG:37) Shares Three Years Ago Are Now Down 55%The truth is that if you invest for long enough, you're going to end up with some losing stocks. But the last three...


  • Energy Chief Perry Tells Trump He Plans to Leave Post This Year

    Energy Chief Perry Tells Trump He Plans to Leave Post This Year(Bloomberg) -- Energy Secretary Rick Perry notified President Donald Trump on Thursday that he’ll leave the post this year.Perry, one of the administration’s original cabinet secretaries, enjoyed good rapport with Trump. The former Texas governor has recently come under scrutiny in the House impeachment inquiry over his discussions with Ukraine.In a letter, Perry told the president that Americans would benefit from his policies for “years to come.” He went on to say: “Please accept this letter as my official notification that I plan to resign at a date later this year.”Trump praised Perry during a trip to Texas on Thursday and said a replacement would be announced soon. “It’s a man that we’re going to be putting in Rick’s place,” without elaborating.Perry had been planning his departure from the agency well before the Ukraine controversy became the subject of an impeachment query in the House.Perry had avoided the missteps that led to the downfall and exit of other cabinet members including Environmental Protection Agency Administrator Scott Pruitt and Interior Secretary Ryan Zinke.But as the impeachment investigation into White House interactions with Ukraine’s President Volodymyr Zelenskiy has expanded, some of that good will seemed to disappear. Trump earlier this month blamed Perry for the July 25 call with Zelenskiy that led to the whistle-blower complaint that spurred the probe, telling Republican lawmakers it was his energy secretary’s idea.The House is investigating allegations Trump on the call pressured Zelenskiy to investigate Democrat Joe Biden and his son, Hunter, for activities in Ukraine.Perry has met at least three times with Zelenskiy, including in May when he led a delegation to Ukraine’s presidential inauguration in place of Vice President Mike Pence. That trip was referenced in the whistle-blower complaint that sparked the House’s swift-moving impeachment inquiry.House Democrats this month issued a subpoena for Perry, demanding more details about the trip, the phone call, and if Perry attempted to make changes to the board of state-owned utility Naftogaz. Those documents are due Oct. 18, according to the subpoena.Perry told the Wall Street Journal in an interview published Wednesday that he called Trump’s personal lawyer, Rudy Giuliani, earlier this year at the president’s direction to address concerns about Ukrainian corruption. Those remarks seen by some as cavalier and not helpful to Trump’s cause.Perry, 69, has led the agency he once vowed to eliminate since March 2017, and has told friends he’d like to make money in the private sector before retiring.For months, Perry has been clearing the way for his likely successor, Deputy Energy Secretary Dan Brouillette, according to a person familiar with the matter. Brouillette has taken a bigger role in some department policy matters, such as natural gas exports, and he has more frequently served as the public face of the agency, including on diplomatic missions to tout American energy to foreign allies.Brouillette would likely fill the role of secretary on an acting basis after Perry’s departure, regardless. Although Brouillette is widely expected to be nominated for the post, other possibilities discussed in Washington include Nuclear Regulatory Commission Chairwoman Kristine Svinicki and Neil Chatterjee, chairman of the Federal Energy Regulatory Commission.However, Chatterjee on Thursday told reporters he plans to stay at FERC through the remainder of his term, which ends in June 2021 and has “never expressed interest in being DOE secretary.”Several key Perry aides also recently departed as the secretary prepares to leave.During his tenure at the department, which has an annual budget of about $30 billion and a mission that ranges from safeguarding nuclear weapons to maintaining the emergency oil reserve, Perry pressed unsuccessfully for a government rescue of unprofitable coal and nuclear plants.\--With assistance from Stephen Cunningham, Justin Sink and Jennifer A. Dlouhy.To contact the reporters on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.net;Ari Natter in Washington at anatter5@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Justin Blum, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


  • Oil, diamonds and nuclear power: Russia eyes Africa business

    Oil, diamonds and nuclear power: Russia eyes Africa businessWhile Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence. Russia is one of the world's top hydrocarbon producers and exporters through energy giants like Gazprom, Rosneft and Lukoil. The group is also interested in taking part in a project to build a gas pipeline linking Nigeria to Europe via Algeria.


  • Could The Mold-Tek Technologies Limited (NSE:MOLDTEK) Ownership Structure Tell Us Something Useful?

    Could The Mold-Tek Technologies Limited (NSE:MOLDTEK) Ownership Structure Tell Us Something Useful?Every investor in Mold-Tek Technologies Limited (NSE:MOLDTEK) should be aware of the most powerful shareholder groups...


  • Mexico breaks ground on new airport project outside capital

    Mexico breaks ground on new airport project outside capitalMexico broke ground Thursday on a project to supplement the capital's overtaxed international airport, finally making headway on a controversial alternative to another, equally controversial one that was scrapped last year after being about a third built. Bulldozers cleared earth at the site of the Santa Lucia air base north of Mexico City, and a backhoe scooped the soil into the backs of military-green trucks as President Andrés Manuel López Obrador, top government officials and armed forces brass looked on. A video showed a rendering of the envisioned facility, which involves converting Santa Lucia for civilian use and building two additional landing strips and which the president vowed to inaugurate in spring 2022.


  • For Russian business, big dreams in Africa

    For Russian business, big dreams in AfricaFrom diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming late to the party. Western countries like France and the United States are deeply entrenched in African economies and in recent years China has emerged as the continent's biggest new business player. The timing of the Russia-Africa Summit -- the first major gathering of African leaders in Russia since the collapse of the Soviet Union in 1991 -- is hardly a coincidence.


  • Here’s why Hotel Grand Central Limited’s (SGX:H18) Returns On Capital Matters So Much

    Here’s why Hotel Grand Central Limited’s (SGX:H18) Returns On Capital Matters So MuchToday we'll evaluate Hotel Grand Central Limited (SGX:H18) to determine whether it could have potential as an...


  • Is Laurus Labs Limited (NSE:LAURUSLABS) A Great Dividend Stock?

    Is Laurus Labs Limited (NSE:LAURUSLABS) A Great Dividend Stock?Is Laurus Labs Limited (NSE:LAURUSLABS) a good dividend stock? How can we tell? Dividend paying companies with growing...


  • 'Totally avoidable': 3 firms fined in Seattle crane collapse

    'Totally avoidable': 3 firms fined in Seattle crane collapseWashington state on Thursday fined three companies for their roles in a crane collapse that killed four people in Seattle last April, with officials calling it "totally avoidable," and Seattle Police confirmed that they have opened a criminal investigation. The Department of Labor and Industries released the results of its investigation Thursday.


  • Asia Stocks Eye Three-Month High; Dollar Steady: Markets Wrap

    Asia Stocks Eye Three-Month High; Dollar Steady: Markets Wrap(Bloomberg) -- Asian stocks headed for their highest close since July on Friday after U.S. shares edged closer to a record. The dollar traded near its weakest since before August’s trade-war turmoil amid diminishing demand for havens.There was little significant market reaction to a slew of data from China on Friday, including industrial production that beat estimates and weaker than expected economic growth. The indicators may have limited significance as investors look to a potential U.S.-China trade deal between Presidents Donald Trump and Xi Jinping next month. Stocks in Tokyo and Seoul rose Friday, while Australia’s benchmark dipped. Hong Kong and Shanghai had modest gains. Treasuries edged up.The S&P 500 Index fluctuated around 3,000 Thursday, as Morgan Stanley became the latest big bank to buck concerns about weak growth. Elsewhere, oil traded around $54 a barrel in New York, comfortably above this month’s low around $51.“There’s no doubt there’s been some de-escalation of risk, global geopolitical economic risks relative to where we were two weeks ago,” said Michael Kushma, global fixed income chief investment officer at Morgan Stanley Investment Management. “But it may be just a false dawn. We don’t know yet. Our crystal ball is very cloudy at the moment.”China’s economic growth slowed more than expected in the third quarter, with lackluster domestic demand and the ongoing downturn in global trade weighing on output. Gross domestic product rose 6% in the July-September period from a year ago, the slowest pace since the early 1990s and weaker than the consensus forecast of 6.1%.Meantime, the pound was trading below the high reached on Thursday, which was a level unseen since May, as traders gauged the likelihood of U.K. Prime Minister Boris Johnson winning parliamentary backing on Saturday for his Brexit deal.Remaining events this week:China’s GDP data for the third quarter, and monthly readings on industrial output, retail sales and fixed-asset investment for September are due FridayThe IMF and World Bank host annual meetings of global finance chiefs in WashingtonHere are the main moves in markets:StocksFutures on the S&P 500 were flat as of 11:02 a.m. in Tokyo. The underlying gauge rose 0.3% on Thursday.Japan’s Topix advanced 0.2%.Hang Seng rose 0.3%.Shanghai Composite rose 0.1%Australia’s S&P/ASX 200 Index dipped 0.5%.Kospi Index gained 0.2%.CurrenciesThe yen was at 108.66 per dollar, little changed.The offshore yuan was flat at 7.0757 per dollar.The Bloomberg Dollar Spot Index was little changed after hitting the lowest level since July on Thursday.The pound was at $1.2864, down 0.2%.BondsThe yield on 10-year Treasuries dipped a basis point 1.74%.Australia’s 10-year yield rose one basis point to 1.11%.CommoditiesWest Texas Intermediate crude was flat at $53.92.Gold was steady at $1,491.To contact the reporters on this story: Christopher Anstey in Tokyo at canstey@bloomberg.net;Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Cormac Mullen, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


  • Is Vitasoy International Holdings Limited (HKG:345) Worth HK$32.4 Based On Its Intrinsic Value?

    Is Vitasoy International Holdings Limited (HKG:345) Worth HK$32.4 Based On Its Intrinsic Value?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Vitasoy International...


  • Turkey, US agree on Syria ceasefire to force Kurdish fighters' withdrawal

    Turkey, US agree on Syria ceasefire to force Kurdish fighters' withdrawalTurkey has agreed to suspend its Syria offensive for five days and will end the assault if Kurdish-led forces withdraw from a safe zone along the border, US Vice President Mike Pence and Turkish officials announced Thursday after high-stakes talks. The agreement for the 120-hour pause eased what had escalated into an unprecedented crisis between the United States and Turkey, but critics quickly accused President Donald Trump of again abandoning Kurdish allies. Under the deal reached after Pence flew to Ankara, Kurdish forces will have to withdraw from an area 32 kilometres (20 miles) deep, becoming a "safe zone" long sought by Turkey, which brands the fighters as "terrorists".


  • How Does India Tourism Development's (NSE:ITDC) P/E Compare To Its Industry, After Its Big Share Price Gain?

    How Does India Tourism Development's (NSE:ITDC) P/E Compare To Its Industry, After Its Big Share Price Gain?India Tourism Development (NSE:ITDC) shares have continued recent momentum with a 41% gain in the last month alone...


  • Does Story-I (ASX:SRY) Have A Healthy Balance Sheet?

    Does Story-I (ASX:SRY) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...


  • Gold steady as Brexit deal lifts stocks, pressures dollar

    Gold steady as Brexit deal lifts stocks, pressures dollarSpot gold was unchanged at $1,491.62 an ounce as of 0057 GMT. Asian shares inched higher following Britain's deal with the European Union, with MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> up 0.1%. The dollar slipped to a near eight-week low in the previous session, keeping gold prices propped up.


  • Have Insiders Been Buying Tian An China Investments Company Limited (HKG:28) Shares This Year?

    Have Insiders Been Buying Tian An China Investments Company Limited (HKG:28) Shares This Year?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...


  • Mike Pence announces that Turkey agreed to a five-day cease-fire in its Syria assault

    Mike Pence announces that Turkey agreed to a five-day cease-fire in its Syria assaultVice President Mike Pence and Secretary of State Mike Pompeo land in Turkey to salvage U.S. interests in Syria.


  • Asian stocks track Brexit deal cheer but China caution prevails

    Asian stocks track Brexit deal cheer but China caution prevailsAsian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Sterling, which had enjoyed its biggest rising streak since October 1985 and hit a five-month high on the back of the Brexit deal, gave up ground on Friday morning amid doubts that the agreement would receive parliamentary approval. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was up about 0.1% in early trade, echoing Wall Street's small gains.


  • Asian stocks track Brexit deal cheer but China caution prevails

    Asian stocks track Brexit deal cheer but China caution prevailsAsian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Sterling, which had enjoyed its biggest rising streak since October 1985 and hit a five-month high on the back of the Brexit deal, gave up ground on Friday morning amid doubts that the agreement would receive parliamentary approval. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was up about 0.1% in early trade, echoing Wall Street's small gains.


  • Why We Like Harita Seating Systems Limited’s (NSE:HARITASEAT) 21% Return On Capital Employed

    Why We Like Harita Seating Systems Limited’s (NSE:HARITASEAT) 21% Return On Capital EmployedToday we are going to look at Harita Seating Systems Limited (NSE:HARITASEAT) to see whether it might be an attractive...


  • Are Greaves Cotton Limited’s (NSE:GREAVESCOT) High Returns Really That Great?

    Are Greaves Cotton Limited’s (NSE:GREAVESCOT) High Returns Really That Great?Today we are going to look at Greaves Cotton Limited (NSE:GREAVESCOT) to see whether it might be an attractive...


  • Amid cash crisis, United Nations likely to be able to pay staff in November

    Amid cash crisis, United Nations likely to be able to pay staff in NovemberThe United Nations has received enough partial payments from some countries to be able to pay its staff next month, a U.N. spokesman said on Thursday after U.N. Secretary-General Antonio Guterres warned last week of a cash shortfall. U.N. spokesman Farhan Haq did not say which countries had paid or how much money the world body had received. The United Nations said last week that total arrears are $1.385 billion, of which $860 million is for the $2.85 billion regular budget for 2019, which pays for work including political, humanitarian, disarmament, economic and social affairs and communications.


  • Did Changing Sentiment Drive Grasim Industries's (NSE:GRASIM) Share Price Down By 26%?

    Did Changing Sentiment Drive Grasim Industries's (NSE:GRASIM) Share Price Down By 26%?For many investors, the main point of stock picking is to generate higher returns than the overall market. But the...


  • US tariffs on EU would have negative political, economic impact: France's Le Maire

    US tariffs on EU would have negative political, economic impact: France's Le MaireIf President Donald Trump follows through on a plan to impose tariffs on European goods in the dispute over Airbus, it will have "concrete" repercussions, France's Economy Minister Bruno Le Maire said Thursday. "These decisions would have very negative consequences both from an economic and a political point of view," Le Maire told reporters shortly after meeting with US Treasury Secretary Steven Mnuchin. US tariffs on a record $7.5 billion in European goods are set to hit at midnight (0400 GMT), after the World Trade Organization agreed with Washington's longstanding argument that Airbus receives unfair government subsidies, which hurts American competitor Boeing.


  • Despite Its High P/E Ratio, Is GE Power India Limited (NSE:GEPIL) Still Undervalued?

    Despite Its High P/E Ratio, Is GE Power India Limited (NSE:GEPIL) Still Undervalued?The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at GE Power...


  • Oil prices steady, all eyes on data seen showing China GDP growth slowdown

    Oil prices steady, all eyes on data seen showing China GDP growth slowdownOil prices were stable on Friday ahead of data that analysts say could show China, the world's largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. Global benchmark Brent crude oil futures fell by 9 cents, 0.2%, to $59.82 a barrel by 0039 GMT. U.S. West Texas Intermediate (WTI) crude futures were up by 4 cents, or 0.07%, to $53.97 per barrel.


  • What Can We Make Of E.I.D.- Parry (India) Limited’s (NSE:EIDPARRY) High Return On Capital?

    What Can We Make Of E.I.D.- Parry (India) Limited’s (NSE:EIDPARRY) High Return On Capital?Today we'll look at E.I.D.- Parry (India) Limited (NSE:EIDPARRY) and reflect on its potential as an investment...


  • Should We Worry About Servcorp Limited's (ASX:SRV) P/E Ratio?

    Should We Worry About Servcorp Limited's (ASX:SRV) P/E Ratio?Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...


  • Aramco’s IPO Comes as Saudi Markets Head for Even Rougher Waters

    Aramco’s IPO Comes as Saudi Markets Head for Even Rougher Waters(Bloomberg) -- Anyone buying into Saudi Aramco’s initial public offering in anticipation of a quick rebound in the country’s stock market may be in for a disappointment.Crown Prince Mohammed bin Salman’s desire to get a $2 trillion-valuation for the energy giant comes as analysts slash their earnings-per-share estimates for Saudi companies for the following 12 months. They’ve cut them by 13% this year, according to data compiled by Bloomberg.The Tadawul All Share Index entered a bear market on Tuesday, having fallen 20% from a four-year peak in May. It pared losses in the following two days, but is still down 14% since the end of June, the worst performance globally after Argentina.Last month’s missile strikes on Aramco’s facilities laid bare the vulnerability of an oil industry that is the kingdom’s lifeblood. Fitch Ratings Ltd. subsequently downgraded the company and sovereign’s credit ratings.Lower oil prices aren’t helping, either. They’re down about 20% from this year’s high to $59 a barrel. That’s less than the $80 a barrel the kingdom needs to balance its budget.“The recent attacks and the low oil prices clearly don’t whet investors’ appetite,” said Ipek Ozkardeskaya, an analyst at London Capital Group, adding that Aramco may not obtain the valuation it’s targeting.Even the nation’s dollar bonds haven’t escaped unscathed, underperforming emerging markets this month.The weakness in Saudi assets also reflects wider worries about the economy. The International Monetary Fund on Tuesday lowered its 2019 economic-growth forecast for the kingdom to 0.2%. Among the biggest economies, only Italy will fare worse, it said.“Investors are concerned about oil prices, which will weigh on Saudi Arabia’s bonds given the dependence of the kingdom’s revenues on oil sales,” said Max Wolman, a senior investment manager at Aberdeen Standard Investments in London.The Saudi government was set to give the official green light for the IPO at a meeting on Thursday. It may sell 2% of the company locally and raise about $40 billion for the kingdom’s sovereign wealth fund. A formal announcement is expected to follow on Sunday.Some analysts have suggested Saudi investors are selling shares in companies already listed on the Tadawul to build up liquidity for Aramco.Raising $40 billion would increase the bourse’s market capitalization by roughly 8%.Bloomberg Intelligence values Aramco at $1.1 trillion, in part because of it says Saudi Arabia will need to continue limiting crude output as part of its OPEC commitments. Other analysts have calculated the valuation at $1.5 trillion.To contact the reporter on this story: Netty Ismail in Dubai at nismail3@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Paul Wallace, Justin CarriganFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


  • Volatility 101: Should Strike Resources (ASX:SRK) Shares Have Dropped 24%?

    Volatility 101: Should Strike Resources (ASX:SRK) Shares Have Dropped 24%?Investors can approximate the average market return by buying an index fund. Active investors aim to buy stocks that...


  • Yanhong Zhang Just Sold A Bunch Of Shares In WAC Holdings Limited (HKG:8619)

    Yanhong Zhang Just Sold A Bunch Of Shares In WAC Holdings Limited (HKG:8619)We wouldn't blame WAC Holdings Limited (HKG:8619) shareholders if they were a little worried about the fact that...


  • Have Insiders Been Buying Tern Properties Company Limited (HKG:277) Shares?

    Have Insiders Been Buying Tern Properties Company Limited (HKG:277) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...


  • Could DRS Dilip Roadlines Limited's (NSE:DRSDILIP) Investor Composition Influence The Stock Price?

    Could DRS Dilip Roadlines Limited's (NSE:DRSDILIP) Investor Composition Influence The Stock Price?The big shareholder groups in DRS Dilip Roadlines Limited (NSE:DRSDILIP) have power over the company. Generally...


  • Estimating The Intrinsic Value Of Jiayuan International Group Limited (HKG:2768)

    Estimating The Intrinsic Value Of Jiayuan International Group Limited (HKG:2768)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Jiayuan International...