By Orange Peel Investments: The news today was that Bank of America (NYSE:BAC) came up with $16.65 billion to resolve the biggest liability having to do with the subprime crisis from 2008. It’s the end of a process that has been a dark cloud hanging over the head of Bank of America since they made a proper mess out of the Countrywide deal; widely regarded as one […]
By Lowell Herr: As an experiment I set out to test the SHY cutoff model with a group of Dividend Aristocrat stocks. The SHY model is explained in detail in this Seeking Alpha article. In the software I used for this experiment I had spots for nine stocks plus SHY. To fill those nine openings I pulled down a list of Dividend Aristocrat securities and selected the […]
(Reuters) – Swiss authorities have warned that a plan by Etihad Airways to buy a third of Switzerland’s Darwin Airline does not meet legal requirements to be approved, as foreign stakes in European airlines come under increasing scrutiny. Switzerland’s Federal Office of Civil Aviation (FOCA) said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement, which would then undergo a […]
By G. Srinivasan With a comfortable majority in the lower house of Parliament and being confident of improving the tally in the upper house before long, the Prime Minister Mr. Narendra Modi has embarked upon decentralization of power from the Centre to the States in a significant bid to promote true federalism. Although several… This content is for Monthly, Annual, Free Trial and Basic members only. […]
LONDON, August 15 (Fitch) Fitch Ratings has affirmed Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’. The Outlooks are Stable. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds have also been affirmed at ‘AA’. The Short-term foreign currency IDR has been affirmed at ‘F1+’. The UAE Country Ceiling has been affirmed at ‘AA+’; this Ceiling also applies […]
Sanctions on Russia over the crisis with Ukraine are leading banks to call for the development of Islamic finance as they seek alternatives to European and U.S. pools of funding. The expansion of the Shariah-compliant industry would let the country attract fresh capital from the Middle East and Asia, the Association of Russian Banks said this week in response to an inquiry from the state bank. The […]
Secretary of State John Kerry in Sydney, Australia, on Monday. By MICHAEL R. GORDON August 11, 2014 SYDNEY, Australia — Secretary of State John Kerry warned Prime Minister Nuri Kamal al-Maliki of Iraq on Monday not to interfere with the process of picking a new Iraqi leader, cautioning pointedly that a power grab would lead to a cutoff of international support. “There should be no use of force,” Mr. Kerry […]
President Barack Obama said on Saturday U.S. air strikes had destroyed arms that Islamic State militants could have used against Iraqi Kurds, but he warned there was no quick fix to a crisis that threatens to tear Iraq apart. Speaking before U.S. warplanes struck militant targets for the second straight day, Obama said it would take more than bombs to restore stability, and criticized Prime Minister Nuri […]
By Dividends4Life: If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path. Throughout time every angle has been tried and failed. What appears to be a safe investment in a federally insured CD or money market, may not even be covering inflation. Growth stocks don’t always grow. The astute conservative investor turns to solid dividend paying stocks with a track […]
New Delhi: Global defence equipment majors such as BAE Systems and Lockheed Martin could set up manufacturing units in India and bring in foreign direct investment (FDI) exceeding 49 per cent, provided the company’s chief executive officer (CEO) is Indian.
As the objective was to let only serious players enter the market, the defence FDI policy approved by the Cabinet on Wednesday categorically stated investee companies should be self-sufficient in product designing and have maintenance and life cycle support facilities for the products they manufactured here, said a senior department of industrial policy and promotion (DIPP) official.
The Union Cabinet had approved an increase in the composite foreign investme
Energy companies are taking their controversial fracking operations from the land to the sea — to deep waters off the U.S., South American and African coasts. Cracking rocks underground to allow oil and gas to flow more freely into wells has grown into one of the most lucrative industry practices of the past century. The technique is also widely condemned as a source of groundwater contamination. The […]
Americans continue to renounce passports to escape tough tax scrutiny although the number of Americans renouncing U.S. citizenship declined 13 percent in the final half year before rules that make it harder to hide assets from tax authorities came into force. People giving up their nationality at U.S. embassies fell to 1,577 in the six months through June, from 1,809 in the year-earlier period, according to Federal […]
|By K Raveendran| Is the ‘irrational exuberance’ man at it again? Allen Greenspan, whose description of the state of the market during the course of a nondescript banking speech in 1996 presaged a bubble burst three years later, has spoken out again. The former Federal Reserve Chairman has in a TV interview suggested that the ‘extraordinary esteem’ in which dollar is held around the world may not […]
Video | Cease-Fires of the Gaza-Israel Conflict With the Israeli Army now moving into defensive positions, a historical look at how the fighting could end. By MARK LANDLER August 4, 2014 WASHINGTON — When the State Department condemned Israel’s strike on a United Nations school in Gaza on Sunday, saying it was “appalled” by this “disgraceful” act, it gave full vent to what has been weeks of mounting American […]
NEW DELHI: Petrol became cheaper by Rs 1.09 per litre in Delhi from Friday after state oil companies slashed the price of the fuel for the first time since mid-April because benchmark gasoline rates in the international market dropped.
Companies, however, raised the price of diesel by 56 paise in Delhi, helping to reduce the gap between pump and market rates by about Rs 1.50 per litre and increasing the prospects of deregulating the fuel soon.
If the trend continues, diesel pricing could be freed from state control in three months, government and industry officials said. Prices of diesel sold to bulk consumers such as the railways and state transport companies at market rates have been reduced, IOCsaid in a statement.
Gold headed for a third weekly loss in the longest run of declines since September as U.S. employment data may add to signs that the world’s largest economy is gaining traction. Gold for immediate delivery fell as much as 0.3 percent to $1,279.30 an ounce, the lowest level since June 19, and was at $1,283.85 at 2:20 p.m. in Singapore, according to Bloomberg generic pricing. The metal […]
A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit. U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae and […]
Mumbai: State-run Hindustan Petroleum Corporation Limited may go solo on its plans to build its second underground liquefied petroleum gas (LPG) storage facility in Mangalore.
The company which was planning to rope in Total SA of France, to build the cavern jointly, said Total is not interested at present and may join the company at a later stage.
“We see merit in the project and have decided to go ahead. We will commission the detailed feasibility report shortly and then call for tenders in the next four-six months,” said a senior HPCL official.
The cavern, will cost HPCL Rs 700 crore and will store 60,000 tonnes of LPG. HPCL and Total, through their equal joint venture, South Asi
Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week. Israel’s military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, […]
By MATT APUZZO July 27, 2014 WASHINGTON — The Obama administration has gone to court to protect the files of an influential anti-Iran advocacy group, saying they likely contain information the government does not want disclosed. The highly unusual move by the Justice Department raises questions about the connections between the American government and the group, United Against Nuclear Iran, a hard-line voice seeking to prevent Iran from obtaining […]
New Delhi: GAIL (India), under a petroleum ministry directive, has decided to buy a third of the LNG ships it plans to acquire to ferry the fuel from the US to India, from Indian shipbuilders. Considering that the PSU, whose massive LNG imports from the US would start in 2017, has lined up investments to the tune of $7.6 billion for hiring the required specialised vessels, the move would give a big boost to the Indian shipbuilding industry.
Domestic players such as L&T and Pipavav are among the obvious beneficiaries of the decision, which is in line with the Modi government’s thrust on the domestic manufacturing sector. Although some analysts are doubtful about the feasibility of Indian ship makers meeting such huge demand g
Can jetliners protect themselves from missiles? As the rockets hitting Israel disrupt commercial carriers and investigators probe the downing of Malaysia Airlines Flight 17 – the question is swirling again in the aviation industry. The U.S. Federal Aviation Administration early Thursday lifted a 24-hour-plus ban on American carriers flying into Tel Aviv, but not before the decision sparked a wider discussion about whether international carriers should fly […]
Prime Minister Benjamin Netanyahu of Israel has so far not agreed to a broader cease-fire plan. By JODI RUDOREN July 26, 2014 JERUSALEM — Prime Minister Benjamin Netanyahu of Israel is stuck between mounting international outcry over civilian casualties from his assault on the Gaza Strip and intensifying calls at home to finish the job he started. Several of his top ministers are pushing for a full takeover of […]
Du, the United Arab Emirates’ second biggest telecoms operator, expects to offer Internet-based phone calls and broadband services across the country before the year-end in a network sharing deal with rival Etisalat that has been in the works since 2009. This network sharing agreement is an important step for du, which ended Etisalat’s domestic telecoms monopoly in 2007, but which has since been limited to newer areas […]
