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With US Fed’s rate-setting review beginning later in the day, Dalal Street will be ill at ease on Tuesday.
June 13, 2017 at 08:20AM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
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With US Fed’s rate-setting review beginning later in the day, Dalal Street will be ill at ease on Tuesday.
June 13, 2017 at 08:20AM
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snopes.com |
Federal Contractor Charged with Leaking Classified Information to ‘The Intercept’
snopes.com [The Agency] conducted an internal audit to determine who accessed the intelligence reporting since its publication. [They] determined that six individuals printed this reporting. Winner was one of these six individuals. A further audit of the six … Department of Justice charges government contractor for leaking to The Intercept under Espionage ActPoynter (blog) Contractor charged with leaking classified NSA info on Russian hackingWCVB Boston Reality Winner charged with leaking classified materialsWashington Times The Daily Caller –Hawaii News Now –The Intercept –US Department of Justice all 325 news articles » |
June 06, 2017 at 08:20AM
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Cooper Urges Republicans to Put More Money in His Priorities
U.S. News & World Report Democratic Gov. Roy Cooper wants more money for education, rural economic development and other needs in a final spending plan than Republicans have approved in rival budgets so far. | June 5, 2017, at 10:07 p.m.. MORE. LinkedIn · StumbleUpon … |
June 06, 2017 at 08:14AM
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For shareholders of Sintex Industries the wait is finally over. With demerger of its plastics business complete, the Gujarat-based company will shift focus to creating wealth for its investors.
June 06, 2017 at 08:12AM
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Crucial support for the Nifty is at 9630-9580 and the resistance is at 9713, says Technical Analyst Prakash Gaba of prakashgaba.com.
June 06, 2017 at 08:12AM
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In the case of AVTEC Limited Vs. DCIT, Delhi High Court has held that- 1. Assessee is under no obligation to file the same document during assessment in each AY. The AO is to look at the litigation history of the assessee himself and cannot expect the assessee to inform him. 2. principle of consistency is […]
June 04, 2017 at 08:18AM
from CA Sandeep Kanoi
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Asian Stocks Continue Rebound
Wall Street Journal (subscription) Asian stocks started the week on an up note, building on pre-weekend gains amid a continued ebbing of U.S. political concerns, with Australian stocks finding some footing after their worst performance in months. U.S. political uncertainty, which rocked … |
May 22, 2017 at 08:16AM
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Economic Times |
Top stocks in focus on Monday, 22 May 2017
Economic Times Domestic equity markets are likely to open in green on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 7.55 am (IST), SGX Nifty was trading 28.50 points, or 0.30 per cent, up at 9,482.50. Here is a … |
May 22, 2017 at 08:16AM
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Now days a question is coming to the mind of many professional that in case of an entity who has not entered into any of the Specified or reportable financial transactions in Financial Year 2016-17 but who falls into the class of person (reporting person) under Section 285BA Read with Rule 114E of Income Tax Rules, are they required to file NIL statement of financial transactions (SFT) in Form No. 61A.
May 22, 2017 at 08:20AM
from CA Sandeep Kanoi
The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building the businesses that will make this possible will require unprecedented large-scale, long-term investment,” the Softbank Vision Fund said in a statement. Japanese billionaire Masayoshi Son, chairman of Softbank, a telecommunications and tech investment group, revealed plans for the fund last October and since then it has obtained commitments from some of the world’s most deep-pocketed investors.
May 22, 2017 at 08:14AM
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Noble Group (CGP.SG) shares are being smashed this morning after the commodities trader issued a profit warning ahead of its March quarter results announcement later today.
Shares of the Singapore-listed, Hong Kong-based company fell 20% on Thursday morning to an almost 15-year low of SGD1.02 a share. Wednesday was a public holiday in Singapore for Vesak Day.
Noble warned on May 9 that it expects to make a loss of $130 million in the March quarter due to a misplaced bet on coal prices. Analysts surveyed by FactSet were expecting the company to turn a profit.
The Business Times’ Lynette Khoo reports it would be the company’s weakest result in more than two years. Khoo writes:
But Noble added that it did make significant progress in carrying out the cost reduction initiatives which were announced during the FY2016 results presentation in February, resulting in significant reduction of quarterly selling, administrative and operating expenses in the first quarter.
The company has been trying to restore investor confidence following attacks by little-known Iceberg Research on its allegedly aggressive accounting practices and after a commodities downturn triggered several downgrades by credit rating agencies, a share price collapse, and a series of writedowns and asset sales.
May 11, 2017 at 08:19AM
from Isabella Zhong
We prefer to take long position in EUR/KRW around 1,228, stop loss at 1,220 and target of 1,237/1,249.
The material has been provided by InstaForex Company – www.instaforex.com
May 11, 2017 at 07:46AM
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NetEase (NTES) shares are up 3.6% in afterhours New York trading on Wednesday after the Chinese gaming giant delivered an impressive double beat with its March quarter results.
Total revenue of RMB13.6 billion jumped 72.3% compared to a year ago and surpassed the consensus analyst estimate by 15%.
Jefferies analyst Karen Chan has more details of NetEase’s top line.
Online game revenue was up 78.5% YoY and 20% QoQ to RMB10.7bn, accounting for 78.7% of total revenue, 27% above our estimate. PC game revenue reached RMB2.9bn, +28.8% YoY, -11.1% QoQ, 8% above our estimate. Mobile game revenue came in 35% above our estimate at RMB7.9bn, +107.7% YoY and +37.2% QoQ, representing 73.3% of total online games, up from 64% in 4Q16 and 63% in 1Q16. Advertising revenue was up 13.2% YoY and 63.2% QoQ to RMB445mn, accounting for 3.3% of total revenue, 4% below our estimates. Email, e-Commerce and other revenue was RMB2.5bn, +63.2% YoY, flattish QoQ, representing 18% of total revenue, 19% above our estimate. Deferred revenue was down 7.6% QoQ to RMB7.0bn as of Mar 2017, 2% below our estimate.
NetEase also performed strongly on the bottom line. It earned a non-GAAP net income of RMB4.3 billion, which was up 63% compared to a year ago and 17% higher than the consensus analyst estimate. Its GAAP operating profit was RMB4.8 billion, up 66% compared to a year ago.
While the gross margin for NetEase’s online games business slipped 3.1 percentage points compared to a year ago, it improved 3.2 percentage points compared to the December quarter.
NetEase announced a quarterly dividend of $1.08 per American Depository Share, which kept its payout ratio stable at 25%. The stock currently pays a 1.4% dividend yield.
The company also announced the resignation of CFO Onward Choi and said it will announce a replacement in the near future.
Earlier this week, Barron’s Asia blogged that NetEase was likely to beat both top and bottom line expectations with its March quarter results (Please see: NetEase: What to Expect from Q1 Earnings). We have been long-time fans of the gaming stock since August 2015 (Please see: NetEase Outscores Rivals in China’s Online Game).
NetEase shares have rallied 94% over the past year and trade at 17 times forward earnings.
It’s been an exuberant week for Chinese companies. JD.com (JD) also trumped expectations for both revenues and earnings in the March quarter. Shares of the e-commerce giant are up 10% since the beginning of the week.
JD’s rival Alibaba (BABA) will be announcing earnings next Thursday. Will Alibaba also impress? Please see: Alibaba: What to Expect from Q4 Earnings.
May 11, 2017 at 08:19AM
from Isabella Zhong
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The 9,350 and 9,375 levels will continue to act as major resistance for the Nifty50.
May 10, 2017 at 08:14AM
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In order to get a representative overview of the most promising startups in Switzerland, the IFJ Institut für Jungunternehmen launched the TOP 100 …
May 09, 2017 at 08:22AM
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I’m a smartphone junky, the moment my plane touched down in Jakarta, Indonesia, I immediately turned on my phone to get to work. Business communication through apps that might be construed as inefficient, superficial or even inappropriate in Europe or United States, are far more commonplace in Asia.
May 09, 2017 at 08:17AM
from Vinnie Lauria, Contributor
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SRI LANKA CENBANK SAYS CUMULATIVE TRADE DEFICIT INCREASED TO US$1.7 BILLION IN THE FIRST TWO MONTHS OF 2017 FROM US$1.2 BILLION IN SAME PERIOD OF 2016
The material has been provided by InstaForex Company – www.instaforex.com
May 09, 2017 at 07:51AM
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SRI LANKA CENTRAL BANK SAYS KEEPS KEY MONETARY POLICY RATES STEADY
The material has been provided by InstaForex Company – www.instaforex.com
May 09, 2017 at 07:51AM
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