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Pfizer Inc (PFE.N), the largest U.S. drugmaker, reported quarterly revenue that missed estimates as sales of its key drugs fell short of expectations. Sales of breast cancer drug Ibrance, which is expected to face competition from rival Novartis AG’s (NOVN.S) Kisqali, rose more than 58 percent to $679 million, but missed the consensus estimate of $682 million, according to Barclays. “Key franchises came in well below expectations, […]

Tuesday 06:00 BST Overview Stocks across Asia were mixed on Tuesday as investors grappled with Wall Street’s lowest level of volatility since before the financial crisis amid a holiday-interrupted week. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will climb 26 points to 7,230 and Germany’s Dax to gain 22 points to 12,460. US index futures suggest the S&P 500 will […]

For nearly two months, American International Group Inc (AIG.N) has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future. AIG reports its first-quarter earnings on Wednesday and analysts and investors said they want to know more about AIG’s succession plans. Chief Executive Officer Peter Hancock announced on March 9 […]

Melbourne IT has announced the proposed acquisition of internet marketing service provider WME Group for approximately AU$39 million. WME Group provides digital marketing solutions, including search engine optimisation, search engine advertising, and web design. WME Group’s market-facing brands include WME, Nothing But Web, and Results First. With WME Group under its brand, the Australian Securities Exchange (ASX)-listed company told shareholders on Tuesday it hopes to position itself […]

Janet Jackson performs last March in Dubai, United Arab Emirates.Image: Francois Nel/Getty Images By Josh Dickey2017-05-02 01:36:53 UTC Janet’s back, and there’s nothing nasty about it. Janet Jackson’s official website carried a curious count-down clock that had fans wondering what news its expiration would bring Monday morning — especially since her long-awaited “Unbreakable” tour was postponed last year.  But by afternoon, the clock had disappeared — then […]

Wall Street’s so-called fear gauge slid to its lowest level since before the credit crisis on Monday as the broad US stock market inched closer to a new all-time high and the technology-heavy Nasdaq Composite closed at a record. The Chicago Board Options Exchange’s implied volatility index, also known as the Vix, slipped as much as 9 per cent on Monday afternoon to touch 9.90, its lowest […]

TOKYO Asian shares advanced on Tuesday, helped by rising optimism on the technology industry and easing concerns over North Korea, while the dollar edged up to one-month high versus the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, with many of the region’s markets reopening after a long holiday weekend. Japan’s Nikkei rose 0.3 percent. On Wall Street, although the Dow Jones […]

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Advanced Micro Devices (AMD) published its first quarter financial results on Monday, meeting market expectations. However, AMD shares fell in after-hours trading. As Wall Street anticipated, the company posted a non-GAAP net loss of $38 million, or 4 cents per share, on revenue of $984 million. Revenue was up 18 percent year-over-year, largely driven by demand for Ryzen CPUs, CEO Lisa Su noted. “We are positioned for […]

The Panama Papers investigation into the offshore secrets of the rich and famous has been awarded a prestigious Pulitzer prize. The prize was given to the Washington-based International Consortium of Investigative Journalists (ICIJ), together with two US titles, McClatchy and the Miami Herald. The judges cited a series of stories from the Panama Papers and the “collaboration of more than 300 reporters on six continents to expose […]

US corporate boardrooms’ approval of share buyback plans has fallen to its lowest level since 2012, signalling that the stock market’s surge to further highs this year is curbing a key source of demand for equities. Companies on the S&P 500 index have authorised $146bn in share buybacks this year, down 15 per cent from a year ago, according to data from Goldman Sachs. Executives have also […]

22 February 2016 – Journalist Daphne Caruana Galizia posted the first major hint that the biggest scandal in Maltese history was about to break. “It’s traditional to eat lamb on Easter Sunday, so Konrad Mizzi and his estranged wife Sai Mizzi Liang will be getting theirs from New Zealand, courtesy of their fixer Brian Tonna, who has a desk at the Auberge de Castille”. […]

TOKYO The United States will begin an investigation into whether thermoplastic components used in some Japanese and German vehicle models sold in the country violate its patent laws, trade authorities said late last week. The U.S. International Trade Commission (USITC) on Friday listed 25 companies in the probe, including BMW, Honda Motor Co Ltd, Toyota Motor Corp, along with Japanese parts suppliers Aisin Seiki Co Ltd and […]

SGX, the Singapore Exchange, is looking to further boost its Chinese derivatives business by offering to collaborate with a planned new local futures venture backed by the founders of one of China’s largest hedge funds. Loh Boon Chye, the bourse’s chief executive, told the Financial Times he was willing to open its clearing infrastructure to the challenger, called Apex, so it could conduct futures trading in the […]

By Shinichi Saoshiro | TOKYO TOKYO Asian stocks struggled for traction on Monday after weaker-than-expected U.S. economic growth data, while the dollar dropped against the yen amid tensions over North Korea and slipped versus the euro on evidence of strong euro zone inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.1 percent and Japan’s Nikkei .N225 added 0.1 percent. Many markets in Asia […]

Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, Seeing the Light It has been said that “the definition of insanity is doing the same thing over and over again and expecting different results.”  No one quite knows who first uttered this remark; it has been attributed to Albert Einstein, Mark Twain, Benjamin Franklin, and has even been said to be an Ancient Chinese Proverb.  What […]

30 April 2017 COLOMBES, France–(BUSINESS WIRE/ME NewsWire)– UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, and OT (Oberthur Technologies) have partnered to launch “gocash” prepaid card of UAE Exchange through the first-ever contactless payment via wearable devices (powered by “Flybuy MiniFOB” technology of OT), at the Seamless Middle East Conference in Dubai on 01 May 2017. UAE Exchange will be offering the wearable […]

Your newest prom bandImage: Larry Marano/REX/Shutterstock By Marcus Gilmer2017-04-30 19:32:20 UTC The kids at Huntley High School got a pretty rousing surprise when internet darlings The Chainsmokers crashed their prom, causing the kind of mass teen hysteria not seen since Marty McFly lit up the guitar at the Hill Valley High “Enchanted Under the Sea” dance in 1955.  According to the Daily Herald, the surprise appearance was […]

30 April 2017 UAE – According to the annual YouGov survey conducted by IP Global, the leading full-service property investment company; North America, UK, Germany and Australia remain the top property investment destination for UAE residents. The survey results show that when it comes to investing in property abroad, North America is the most popular market among UAE citizens. The UK with 13% and Australia with 11%, […]

Russia. Flags.Image: Yuri Kochetkov/Epa/REX/Shutterstock By Colin Daileda2017-04-30 02:42:34 UTC Trolling is mostly dumb, but sometimes it’s an art.  President Donald Trump held a rally in Pennsylvania on Saturday and, as he was speaking, someone tossed a bunch of tiny Russian flags, confetti-style, in front of the cameras streaming his speech to news networks.  As far as protests go, it certainly earns points for creativity.  The Trump campaign […]

SEOUL South Korea’s finance minister said on Sunday the government was already working on downsizing its trade surplus with the United States, a reference to U.S. President Donald Trump’s comments Thursday that Washington will renegotiate or scrap the free trade pact the two countries have. Finance Minister Yoo Il-ho added in televised comments he did not expect the free trade agreement will be terminated. It has been […]

Al Qudra Holding, an Abu Dhabi-based real estate and investment company, agreed to buy Al Rayan Investment Co for more than 1 billion dirhams ($272 million) in stock. Shareholders also approved listing Al Qudra shares in Abu Dhabi. The acquisition will involve issuing 210.4 million new shares and boost Al Qudra’s assets to about 4 billion dirhams, the company said Saturday in an emailed statement. Al Rayan […]

Marine Le Pen has agreed to team up with an anti-EU candidate who came sixth in the first round of France’s presidential election as she seeks to win votes from the centre-right in the run-off next weekend. On Saturday Ms Le Pen announced that she would name Nicolas Dupont-Aignan, an anti-EU Gaullist and founder of the nationalist party Debout la France (Arise France), as prime minister in […]

Airline stocks were grounded on Thursday after American Airlines unexpectedly offered to raise wages for its crew members, exacerbating investor concerns over industry costs. American Airlines fell the most in 10 months, dropping 8.6 per cent to a two-week low of $42.41, after the company proposed giving its pilots and flight attendants an average pay bump of 8 per cent and 5 per cent, respectively. The pay […]

A theory building momentum among Game of Thrones fans is that Jaime Lannister (Nikolaj Coster-Waldau) may in fact kill his twin sister and lover, Cersei (Lena Headey). Coster-Waldau weighed in on the theory earlier this week while doing press for his upcoming Netflix film Small Crimes, and while he can’t confirm or deny it, he does seem to have thought it out quite a bit. “I mean […]

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