World News

US Bancorp Posts Record Quarterly Results Bolstered by Loan Growth

US Bancorp Posts Record Quarterly Results Bolstered by Loan Growth

US Bancorp (USB) posted record third quarter net income and net revenues on Wednesday as results matched analysts’ consensus expectations, bolstered by loan growth and higher interest rates. The seventh largest US bank by asset size posted net income of $1.56 billion for the third quarter of 2017, or $0.88 per diluted common share, compared with $1.50 billion, or $0.84[Read More…]

by October 23, 2017 0 comments Business, World News
Spanish IBEX Recovers Losses Despite Catalonia Crisis

Spanish IBEX Recovers Losses Despite Catalonia Crisis

Spanish stocks managed to come back from early lows, despite fresh protests after Madrid arrested independence leaders. Buying on dips is helping to slowdown the decline in the index, which has been steadily heading south since peaking at 11184 in May and is currently just over 10000. After underperforming earlier in the session, the index is now outperforming and up[Read More…]

by October 19, 2017 0 comments Business, World News
JPM Notes WASDE Report Mixed; MON and DWDP Rated Overweight, Neutral on POT, AGU, CF

JPM Notes WASDE Report Mixed; MON and DWDP Rated Overweight, Neutral on POT, AGU, CF

The October World Agricultural Supply and Demand Estimates report showed mixed results, JPMorgan said. Domestic corn inventories remained at record levels of 16.4% of total use projected for 2017-18; global corn inventories, however, are projected to move lower year-on-year to 18.9% in the same period from 21.4%. The WASDE results similarly pulled each way for soybeans, according to JPM. Domestic[Read More…]

by October 17, 2017 0 comments Business, World News
Asian ADRs Move Higher in Monday Trading

Asian ADRs Move Higher in Monday Trading

American depositary receipts of Asian stocks were trading 0.16% higher at 170.52 on the Bank of New York Mellon Asia ADR Index on Monday. In North Asia, the gainers were led by solar park operator Sky Solar Holdings (SKYS), and Hanwha Q Cells (HQCL), a manufacturer of photovoltaic solar cells, which rose 6.2% and 4.4% respectively. They were followed by[Read More…]

by October 3, 2017 0 comments Business, World News
European ADRs Move Lower in Monday Trading

European ADRs Move Lower in Monday Trading

American depository receipts of European stocks were trading 0.34% lower at 138.88 on the Bank of New York Mellon Europe ADR Index on Monday. In continental Europe, the gainers were led by semiconductor manufacturer STMicroelectronics (STM), and pharmaceutical company Novo Nordisk (NVO), which rose 1.4% and 1.3% respectively. They were followed by French biopharmaceutical company Cellectis (CLLS), up 1.2%, and[Read More…]

by October 3, 2017 0 comments Business, World News