Latest Posts Under: Articles

Moody’s upgraded UBS’s credit ratings

Moody’s raised UBS’s long-term deposit rating and its long-term senior unsecured debt rating. Moody’s upgraded UBS AG’s long-term deposit rating from Aa3 to Aa2 and the long-term senior unsecured debt rating from A1 to Aa3. The outlooks of long-term deposits and senior unsecured debt notes were determined to be ‘stable’. Moody’s had taken UBS’s notes …

The bells are ringing for the British economy

The bells are ringing for the British economy Concerns about the UK economy have been released and some developments in the retail sector continue to increase. The UK economy continues to grow under expectations in the first quarter of this year and continues to raise concerns about the UK economy that many chains in the …

Dow Jones opened up on the New York stock market.

Dow Jones opened up on the New York stock market. The New York stock market began its “mixed” course on the last trading day of the week. The Dow Jones Industrial Index rose 0.04 percent to 24.750.43. The Dow Jones Industrial Average rose 10.90 points, or 0.04 percent, to 24.750.43. The shares of Verizon, the …

The French and German stock exchanges closed down.

The French and German stock exchanges closed down. The European stock exchanges completed the day with a sad course. At closing, the index Stoxx Europe 600 climbed 0.11 percent to close at 392.40 pounds. In the UK, the FTSE 100 index climbed by 0.31 percent to 7,724,55. In Italy, the FTSE MIB 30 index rose …

Oil drilling towers increase in US

Oil drilling towers increase in US The number of oil drilling towers in the US suggesting short-term oil production has increased 14 times in the last 16 weeks. The number of petroleum drilling towers, which are regarded as an indication of US oil industry outlook and short-term crude oil production, has increased 14 times in …

Oil Prices Reach Highest Level Since 2014 Ahead of Iran Deadline

President Trump faces Saturday deadline to extend or end waiver on Iran sanctions Oil futures rose sharply in Asian trading Monday, hitting new 3 1/2-year highs as the U.S. benchmark hovered around $70 a barrel and a deadline to renew waivers of U.S. sanctions on Iran loomed. Concerns over the possibility President Donald Trump won’t …

Xerox appeals decision blocking Fujifilm deal as CEO returns

By Liana B. Baker and Laharee Chatterjee (Reuters) – Xerox Corp on Friday appealed a New York court ruling to block its deal with Fujifilm Holdings, just hours after the company announced that its ousted CEO and directors would remain in place. Xerox said its entire board and management team would stay, as the agreement …

Paramount CEO: It’s a ‘great time’ to be a content creator

“The Godfather” won’t be rebooted. That’s the assurance from Paramount Pictures CEO Jim Gianopulos, who acknowledges that while the taste for nostalgia is currently at a fever pitch, some iconic titles can’t be touched. In an interview with CNNMoney’s Dylan Byers at the Milken Global Conference, Gianopulos said a reboot is only successful if it …

Wells Fargo will pay $480 million to settle securities fraud lawsuit

Wells Fargo will pay $480 million to put to rest claims that the bank misled shareholders about its fake-accounts scandal. A class-action securities fraud lawsuit brought by investors alleged that Wells Fargo (WFC) made misstatements and omissions in its disclosures about its notorious sales practices. Wells Fargo said in a statement Friday that it “denies the claims and …

Apple shares fell about 7 percent in 2 days.

Apple shares fell about 7 percent in 2 days. Experts point out the possibility that Apple’s latest smartphone model iPhone X sales may be below market expectations in the first quarter of this year due to weak chip demand, so investors have reported that investors are in a position to sell against Apple shares. US …