Business


Sri Lanka appeals for aid after deadly floods

The death toll reached 166 on Sunday following torrential southwestern monsoons causing mudslides and severe flooding in Sri Lanka, as rescuers continue to look for those 102 listed as missing, in seven severely affected districts. The flooding is the worst since May 2003, when 250 people were killed and 10,000 homes destroyed after a similarly powerful monsoon. Almost 2,000 houses have suffered structural damage or been completely destroyed, according to official figures.


BA boss 'won't resign' over flight chaos

BA boss 'won't resign' over flight chaos

The glitch threw the plans of tens of thousands of travelers into disarray - by Sunday night, nearly 600 BA flights had been grounded. "At Heathrow, we operated virtually all our scheduled long-haul flights, though the knock-on effects of Saturday's disruption resulted in a reduced short-haul programme", a British Airways spokeswoman told The National on Monday.



Are Analysts Bearish Vodafone Group plc (LON:VOD) After Last Week?

JPMorgan Chase & Co. reduced their price objective on shares of Tullow Oil plc from GBX 270 ($3.51) to GBX 245 ($3.19) and set an "overweight" rating for the company in a research report on Wednesday, May 17th. Vodafone Group PLC has GBX 310 highest and GBX 130 lowest target. Below is a list of Vodafone Group plc (LON:VOD) latest ratings and price target changes.


NTPC Q4 profit falls 25.5% on one-off charge

NTPC Q4 profit falls 25.5% on one-off charge

Net profit was Rs 20.79 billion ($322.31 million) in the quarter ended March 31, compared with Rs 27.93 billion a year earlier, the company said on Monday. Sales rose 24.57% to Rs 552.95 crore in the quarter ended March 2017 as against Rs 443.88 crore during the previous quarter ended March 2016. NTPC generated additional 8.339 Billion Units to cross 250 Billion u nits mark in fiscal 2016-17 against back drop of declining national PLF, .



Analyst Buzz: Superior Energy Services, Inc. (SPN)

Celgene Corp now has $93.04B valuation. The company has Beta Value of 1.97 and ATR value of 0.61. About 486,743 shares traded. It also upped Pioneer Energy Svcs Corp (NYSE:PES) stake by 108,553 shares and now owns 133,271 shares. Investors sentiment decreased to 0.98 in 2016 Q4. Its up 0.03, from 0.97 in 2016Q3. A number of institutional investors have recently made changes to their positions in the company.



Nigeria, Libya exempted as OPEC extends cut for nine months

In December, Opec agreed its first production cuts in a decade and the first joint cuts with non-Opec producers in 15 years. The price for Brent crude oil was about $53 per barrel at 6 a.m. "Some market participants may have expected either a deeper cut, a longer one, inclusion of more countries, or other such icing on the cake", the bank said.