Business

RBI cuts repo rate by 25 basis points to 6%

RBI cuts repo rate by 25 basis points to 6%

The repo rate slash shall make the loans cheaper for the consumers. India had for the first time outpaced China in GDP growth rate in 2015. The notable slowdown in industrial production - industrial output eased to 1.7% in May 2017 - and a substantial decline in factoy activity in July that saw the Nikkei-IHS Markit Manufacturing Purchasing Managers' index come in with a reading of 47.9 in the month, as compared to a score of 50.9 in the preceding month too warrant a rate cut, feel ...



Occidental Petroleum Corporation (NYSE:OXY) Set to Announce Quarterly Earnings on Wednesday

Occidental Petroleum Corporation had 54 analyst reports since August 3, 2015 according to SRatingsIntel. Investment Counselors of Maryland has an ownership of 1,484,667 stocks of the oil and gas exploration firms shares valued at $8,181,000 after scooping up an extra 20,800 shares through out the previous quarter, large institution funds own 82.61% of the firms stock.


Royal Caribbean Cruises posts stronger second quarter results

Royal Caribbean Cruises posts stronger second quarter results

Hedge funds have recently made changes to their positions in the stock. Swiss Commercial Bank owns 0.06% invested in Royal Caribbean Cruises Ltd (NYSE: RCL ) for 477,538 shares. This repurchase authorization permits the company to purchase up to 2.2% of its shares through open market purchases. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws.



Investors Buy High Volume of Time Warner Call Options (NYSE:TWX)

Smith A O now has $9.26B valuation. It closed at $102.42 lastly. Magellan Health Inc (NASDAQ:MGLN) has risen 5.31% since August 1, 2016 and is uptrending. 1,448 shares were sold by Dobry Thomas, worth $138,805. Shares for $739,708 were sold by Wheeler Kevin J. However, Time Warner is expected to continue investing in new digital initiatives, including the Boomerang branded SVOD service, and in marketing to support upcoming original programming (such as season two of Animal Kingdom ).


USA manufacturing activity slows in July

USA manufacturing activity slows in July

The service sector index is expected to edge down to 56.9 in July from 57.4 in June. In the manufacturing sector 11 subsectors out of the 16 subsectors surveyed recorded growth. The composite PMI for non-manufacturing sector is computed from four diffusion indices: Business activity, new orders, employment level and raw materials.