No Picture
Business News

Australia’s Westpac to refund people who bought new shares before money laundering bombshell

Australia’s Westpac Banking Corp offered to refund investors who bought new shares weeks before a bombshell lawsuit accusing it of millions of breaches of money laundering laws, a rare step to fend off criticism about its transparency.

…read more […]

No Picture
Trading Ideas

Here is the 23rd Most Popular Stock Among 752 Hedge Funds

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the third quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

No Picture
Trading Ideas

Here is the 13th Most Popular Stock Among 752 Hedge Funds

Is Bank of America Corporation (NYSE:BAC) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but […] …read more […]

No Picture
Trading Ideas

India plans to cap commissions for Uber, Ola: Economic Times

India plans to cap commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter. The potential move could be another blow to San Francisco-based Uber after the ride-hailing firm was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years over a “pattern of failures” on safety and security. Ola too has announced its expansion into London, a market also occupied …read more […]

No Picture
Trading Ideas

Oil drops as U.S. inventory build, record output rekindles supply worries

Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record. Brent crude futures were down 16 cents, or 0.3%, at $63.90 a barrel by 0141 GMT, having dropped 0.3% on Wednesday. U.S. West Texas Intermediate crude fell 21 cents, or 0.4%, to $57.90, after falling 0.5% in the previous session. …read more […]

No Picture
Trading Ideas

Japanese shares dip after Trump move backing Hong Kong protesters

Japanese shares dipped on Thursday after U.S. President Donald Trump signed into law congressional legislation backing protesters in Hong Kong, sparking fears of a fresh confrontation with Beijing that could derail their trade talks. “In the near term, people are watching how China will react to Trump’s move,” said Masahiro Ayukai, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. …read more […]

No Picture
Trading Ideas

Bougainville to revive overhaul of mining laws after independence referendum

Bougainville Vice President Raymond Masono says he will revive a plan to overhaul the region’s mining laws after the independence referendum, which could strip the former operator of the Panguna gold and copper project of its interests. Under the proposed mining law amendments, Bougainville would take a 60% share in all projects and retain all mining licences, leaving a 40% share investors can bid for, Masono told Reuters. Companies like the former Panguna operator, Bougainville Copper Ltd, which counts the PNG government as a major shareholder and claims the exploration rights at Panguna, would not get “special treatment”, …read more […]

No Picture
Business News

Exclusive: Amazon’s cloud unit readies more powerful data center chip – sources

Amazon.com Inc’s cloud computing unit has designed a second, more powerful generation of data center processor chip, two sources familiar with the matter told Reuters, the latest sign that the company is pouring money into custom silicon for its fastest-growing business.

…read more […]