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Economy

MGIC Investment Corp (MTG) shares are being watched closely by traders as the Awesome Oscillator signal is revealing a downward trend building over the past five bars, signaling that market momentum is building for the name. Shares of SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLP.L) recently touched 23.96, which places the stock below the Ichimoku cloud, indicating bearish momentum and a potential sell signal for the equity.
  • Hexavest Inc. Holds Position in Turquoise Hill Resources Ltd. (TRQ)

    Economy

    Shares of the company are trading at $3.28 a tad higher than the 50 day moving average which is $2.77 and which is slightly above the 200 day moving average of $2.99. and for the current quarter 4 analysts have projected that the stock could give an Average Earnings estimate of $-0.02/share. Turquoise Hill Resources Ltd.'s average EBITDA per Share Growth Rate was -32.3 percent during the past 12 months.
  • GST Council ends check posts for goods movement

    GST Council ends check posts for goods movement

    Economy

    The Minister said that the earlier Clean Environment Cess on coal at Rs 400 per tonne was replaced by the GST Compensation Cess also at the rate of Rs 400 per tonne. "It will also take stock of the implementation and the registration under GST". The GST Council on Saturday appealed to the Indian industry to pass on to customers the benefit of the novel input credit system introduced in the new pan-India indirect tax regime that is available to suppliers of goods and services in the country.
  • Army issues ban on DJI, Chinese drone maker, over cyber risks

    Army issues ban on DJI, Chinese drone maker, over cyber risks

    Economy

    An Aug. 2 Army memo posted online and verified by Reuters applies to all DJI drones and systems that use DJI components or software. What is Meant by "Cyber Vulnerabilities"? "We want to emphasize that DJI does not routinely share customer information or drone video with Chinese authorities - or any authorities".
  • Pan American Silver Corp

    Pan American Silver Corp

    Economy

    Three analysts have issued estimates for Pan American Silver Corp.'s earnings, with the lowest sales estimate coming in at $185.05 million and the highest estimate coming in at $192.68 million. Sg Americas Securities, LLC grew its investment by buying 31,937 shares an increase of 87.1% in the quarter. Based on their most recently released notes to investors, 2 analysts have a rating of "buy", 4 analysts "outperform", 5 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".
  • Singapore expels top expert for subversion

    Singapore expels top expert for subversion

    Economy

    For someone to have not just his employment terminated but also be permanently barred from entering Singapore suggests that the extent and degree of foreign influence was "deeply troubling and problematic", said Dr Mustafa Izzuddin, a fellow at the ISEAS-Yusof Ishak Institute.
  • White Mountains Insurance Group (WTM) Getting Somewhat Favorable Press Coverage, Study Finds

    White Mountains Insurance Group (WTM) Getting Somewhat Favorable Press Coverage, Study Finds

    Economy

    Shell Asset Management Co. now owns 17,212 shares of the insurance provider's stock valued at $686,000 after buying an additional 299 shares during the period. Heading into the earnings release, covering sell-side analysts have a consensus target price of $14.00 on OneBeacon Insurance Group, Ltd. shares. ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem.
  • Police say the Islamic State directed plane bomb plot in Australia

    Police say the Islamic State directed plane bomb plot in Australia

    Economy

    Police also foiled a second alleged plot involving a "chemical dispersion device", created to release highly toxic hydrogen sulphide, but this plan was in the early stages. The men, aided by so-called Islamic State (IS), failed in a bid to smuggle an explosive on to an Etihad flight in Sydney on 15 July, authorities claimed.
  • RBS Profit Surges as It Picks Amsterdam for EU Headquarters

    RBS Profit Surges as It Picks Amsterdam for EU Headquarters

    Economy

    Managers have pared hundreds of billions of pounds from the balance sheet and closed numerous investment bank's businesses to focus on the United Kingdom after RBS was bailed out in 2008. Operating profits rose to £1.9bn from a £274m loss last year, even though the bank was forced to set aside £342m in the second quarter of the year to deal with some lingering legacy issues.