• Altice USA raises $1.9 billion in IPO
Altice USA raises $1.9 billion in IPO

Altice shares were priced at $30 apiece, according to a person familiar with the offering, raising $1.9 billion in the deal. Altice USA's IPO is believed to mark the second-biggest US initial public offering of the year, following Snap Inc.'s $3.9 billion deal last March.

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  • Sensex, Nifty open higher, banking stocks rise on SEBI's relaxation
Sensex, Nifty open higher, banking stocks rise on SEBI's relaxation

Some short covering helped stocks too bounce back. Major gainers in the 30-share index were Sun Pharmaceutical Industries (2.03%), State Bank Of India (1.50%), Housing Development Finance Corporation (1.41%), Reliance Industries (1.06%), Bajaj Auto (1.02%), and Tata Power Company (0.79%).

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  • HSS Hire Group PLC (HSS) Receives GBX 71.60 Consensus PT from Analysts
HSS Hire Group PLC (HSS) Receives GBX 71.60 Consensus PT from Analysts

About 42,331 shares traded. It has underperformed by 24.97% the S&P500. In the Middle East segment, it focuses on transportation infrastructure and property in the United Arab Emirates, Qatar and the Kingdom of Saudi Arabia. The firm earned "Neutral" rating on Monday, May 8 by Goldman Sachs. Jefferies maintained BlackRock, Inc. Montiel Maritza Gom...

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  • Shrinking US stockpiles are cold comfort for oil investors
Shrinking US stockpiles are cold comfort for oil investors

United States oil had risen to as high as $54.45/bbl in February, but the drillers, encouraged by the higher prices, boosted output, and are now counting losses to their stock capitalization. USA crude production has been steadily growing and last week rose to 9.35 million bbl/d, up 20,000 bbl/d from the previous week, the EIA said. In the U.S.

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  • State Department takes sudden hard line on Saudis over Qatar
State Department takes sudden hard line on Saudis over Qatar

In a statement, Ahmed al-Rumaihi, a spokesman for the Qatari Foreign Ministry, welcomed the US position regarding the Gulf crisis. But analysts say this confrontation was long in the making, and takes its roots in the Gulf-region's well-known displeasure with Al Jazeera, which they allege serves as a state mouthpiece for Qatar to sow instab...

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  • Turkey, Saudi Arabia to try to reduce tensions over Qatar
Turkey, Saudi Arabia to try to reduce tensions over Qatar

The ANOC, headed by Kuwaiti Sheikh Ahmad al-Fahad al-Sabah - whose country has not backed the blockade, "expressed its hope that the worldwide sports movement in Qatar would not be endangered by the geopolitical situation in the Gulf region".

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  • Which Analysts Are Watching United Utilities Group PLC (UUGRY)?
Which Analysts Are Watching United Utilities Group PLC (UUGRY)?

The company was initiated on Wednesday, May 11 by Bernstein. The stock of Capita PLC (LON:CPI) earned "Sell" rating by Panmure Gordon on Friday, September 30. Numis Securities Ltd raised Pets at Home Group PLC to a buy rating and set a GBX 200 ($2.53) target price for the company in a research report on Thursday, May 25th.

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  • Global overcapacity drags oil prices down to six-month lows
Global overcapacity drags oil prices down to six-month lows

US crude imports fell last week by 481,000 barrels per day. But inventories are near record highs in many parts of the world, and many traders expect further price falls. The spot price of Dubai crude, the benchmark for Asia, fell 2.8% to a six-month low of about $45.70 a barrel on Thursday. The boost means OPEC is pumping more than its forecas...

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  • Queen unveils govt agenda in scaled-down Parliament opening
Queen unveils govt agenda in scaled-down Parliament opening

Following a bruising election which cost her Conservatives their majority in the Commons, Mrs May ditched manifesto plans to scrap universal free school lunches, expand grammars, means-test winter fuel payments, and offer a free vote on fox-hunting.

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  • Retail Giant Amazon Plans to Buy Whole Foods for $13.7 Billion
Retail Giant Amazon Plans to Buy Whole Foods for $13.7 Billion

Meanwhile, competitors like Wal-Mart, Kroger, and Supervalu went down 7%, 14.5%, and 17% respectively. That's believed to be the reason Amazon has had a limited breakthrough in the grocery business. "They're not playin" a bunch of BS games", Mackey said. On Friday Amazon announced its intention to acquire Whole Foods Market , a supermarket cha...

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  • China To Lead After US Paris Withdrawal
China To Lead After US Paris Withdrawal

Presenting the communique Monday, Italy's environment minister, Gian Luca Galletti, called the Paris accord "irreversible, non-negotiable and the only instrument possible to combat climate change ". "If someone thought this G7 was needed so that the USA would go back on what they said a week ago, he will be disappointed", Galletti said. If any...

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  • Mourinho accused of tax evasion in Spain
Mourinho accused of tax evasion in Spain

The cases are about the profits made from image rights, not salaries from their clubs. The post Mourinho accused of €3.3m tax fraud while at Real Madrid appeared first on BusinessDay: News you can trust . Mourinho is being accused of defrauding Spain of €3.3m (£2.9m; $3.6m) in taxes between 2011 and 2012. The 29-year-old and his father Jorge...

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  • 20 dead as car bomb hits bank in southern Afghanistan
20 dead as car bomb hits bank in southern Afghanistan

At least 20 people have been killed and dozens wounded in a auto bomb explosion outside a bank in the southern Afghan province of Helmand, TOLOnews reported. People likely had gathered there to collect salaries ahead of the upcoming holiday of Eid al-Fitr. American military commanders in Afghanistan have requested thousands of extra boots on th...

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  • State Dept. 'mystified' Gulf states haven't released details on Qatar claims
State Dept. 'mystified' Gulf states haven't released details on Qatar claims

The G.C.C., or Gulf Cooperation Council , is an alliance of mostly Sunni Arab states. In a joint statement, Iraq and Saudi Arabia expressed "their happiness over. When challenged on that, Nauert said Tillerson had one meeting in Washington Monday night on the issue, but wouldn't say who it was with. "In the third quarter we will see some IPO...

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  • Oil prices climb off 10-month lows as US stockpiles drop
Oil prices climb off 10-month lows as US stockpiles drop

Both benchmarks are down around 15 percent since late May, when OPEC , Russia and other producers extended by nine months the cut in output by 1.8 million barrels per day (bpd). The International Energy Agency (IEA) stated that the output of non-members of the Organisation of Petroleum Exporting Countries (OPEC) would grow in 2018.

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  • Adele delivers cake to Grenfell Tower firefighters
Adele delivers cake to Grenfell Tower firefighters

Decorative cladding called Reynobond PE was fitted to the outside of the west London tower block during renovations a year ago. Police have promised a wide-ranging investigation into the recent remodeling of the building and fire safety measures.

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  • Oil rises off one-month lows struck after surprise stock build
Oil rises off one-month lows struck after surprise stock build

Brent crude was trading at US$49.53 (RM211.17) per barrel at 0658 GMT (1458 in Malaysia), up 6 cents, or 0.1 per cent from its last close . Crude slid to its lowest level since May 9, with US benchmark futures down more than 10 percent in 10 days of trading.

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  • Scalise's Condition Improves, Upgraded From Serious To Fair
Scalise's Condition Improves, Upgraded From Serious To Fair

Scalise, the third ranking member of House Republican leadership, was shot in the hip and his condition was upgraded to serious on Saturday. Sava said that Scalise's doctors "fully expect him to walk.and hopefully run" in the future.

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  • Patterson-UTI Energy Inc
Patterson-UTI Energy Inc

The lowest EPS estimate is ($0.45) and the highest is ($0.16). WARNING: "Macquarie Group Ltd. Raises Stake in Patterson-UTI Energy, Inc". Out of 9 Wall Street analysts rating Patterson-UTI, 4 give it "Buy", 0 "Sell" rating, while 5 recommend "Hold".

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  • Despite tensions, U.S. inks deal to sell Qatar 36 F-15 jets
Despite tensions, U.S. inks deal to sell Qatar 36 F-15 jets

Congress a year ago approved the sale of as many as 72 F-15s in an agreement valued at as much as US$21 billion, providing authorisation for the deal that was completed on Wednesday. America's largest airbase in the Middle East, al-Udeid, is in Qatar . "This agreement underscores the longstanding commitment of the State of Qatar in jointly...

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