The UK stocks, after suffering losses for three sessions in a row, rebounded. Barclays and other financial companies led the gains. After suspension of trading for a day, the trading in Barclays stock resume on Monday. The FTSE 100 index dropped 9.2 percent in 2016 so far.
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Foreign Investment: Indonesian Government Will Revise Regulations, Allowing Foreign Capital on More Sectors
The changes are part of the government's economic stimulus package, expected to boost the country's economic growth and create job openings. Indonesia's new regulations on investment would loosen current restrictions on foreign investments in various sectors, including e-commerce, retail and healthcare.
Startups: Student.com Raised $60 Million From High-Profile Investors to Expand Its Service Helping Students Find Accommodations
A startup focusing in the student accommodation markets just received $60 million from high-profile firms and individuals, led by VY Capital. Student.com will use the funds to expand its presence and service in the promising markets of international students accommodation. For now, most of Student.com's bookings came from Asia-based students.
US Foods Files For Up To $100 Million IPO Under New York Stock Exchange
Sysco has initiated a process to acquire US Foods for $3.5 billion in 2013. The effort has been blocked by a federal judge under certain grounds. The debt burdened distribution giant has finally opted to go for IPO on Tuesday. Though size of the IPO hasn’t been mentioned clearly, but the Form S-1 suggests valuation of $100 million which may be revised later on.
Disclosure Of Fourth Quarter Earnings Slashes SolarCity Stock Prices By 33.59%
SolarCity Corp. has been displaying a tremendous growth during the last couple of years. The largest solar plant provider in the US has disclosed fourth quarter earnings during late hours on Tuesday. The earning scenario has disheartened the investors and its share prices have been decreased by 33.59% in the after hour trading on Tuesday.
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Danish brewer Carlsberg A/S is hoping for higher earnings supported by Asian markets. Though eased marginally, the fourth quarter earnings were above analysts' forecasts. The world's fourth biggest brewer Carlsberg is slashing jobs and closing down breweries.
Analysts have updated their outlooks towards SoftBank, majority of whom have put a ‘Outperform’ tag for the embattled Japanese concern. Meanwhile, SoftBank’s stock has witnessed a fall of 27.60% since July 2, 2015 ahead of releasing earning figures. The stock price fall is due to its $22 billion investment in Sprint which has turned to be bad debt.
The Royal Melbourne Hospital is on the verge of a medical breakthrough with its 'Stentrode' - a small, paper-clip-like brain implantation that is said to bring back mobility to paralyzed patients. This cure will eliminate the need of an open brain surgery, and the first clinical trials on human are slated to begin in 2017 in Melbourne.
The US economy woes are not due to oil price drop, opine economists, who rule out the common view of financial media, government officials and academic that attribute the oil price drop to the American economic woes. The oil price fall will be detrimental to oil producing nations, but it's a boon to the rest of the economy.
There is a ranking released by the financial information company Sageworks, which lists 15 businesses that are considered as the most profitable. These businesses are proven to gain more revenues compared to the others, and are good recommendations for new beginners.
For seven sessions in a row, European stocks suffered losses amid growing concerns about the global economy growth. The lower oil prices, disappointing quarterly results and sluggish global markets are also taking a toll on European stocks. Indicating the alarming situation in the European financial sector, the cost insuring debt against default reached its peak since 2013.
The International Energy Agency (IEA) has warned that short-term risks downside have increased as oil glut is expected to be worse than anticipated. With Iran resuming oil production, the sluggish global demand is adding further to the woes. OPEC's continuation of oil production is keeping pressure on oil prices.
HP's business started to tatter since inception of Meg Whitman in 2011. In 2013, Bloomberg has named her as one of the ‘Most Underachieving CEO’ in the corporate world. To hold HP in its business path, she has spit HP into two independent entities which is believed to reduce her pay package by 13% compared to the previous year.
US President Barrack Obama has finally disclosed the 2017 US budget details. Never to shy away from what he deems right, even in the last year of presidency, he has included his long-term liberal plans that have been widely criticized by the Congress. The highlighted ones are his global climate change initiative, fee levied on crude oil, and enhanced medical care for cancer patients and drug addicts.
