SHANGHAI (Reuters) - Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon Japan’s Nikkei stock index rose as high as 24,286.10 points, reaching its highest levels since November 1991, on renewed optimism about the global economy and hopes of a boost to exporters’ earnings from a weaker yen. It was last up 1.5 percent. Shares elsewhere in Asia also rose, with MSCI’s broadest index of Asia-Pacific shares outside Japan adding 0.1 percent. Shares in China were higher ahead of a week-long national holiday. Blue chips gained 1.1 percent and the country’s main Shanghai Composite index was 0.9 percent higher. “Even … [Read more...] about Nikkei hits 27-year high on strong dollar, Wall Street gains
U s dollar exchange rate today
Sometimes you just have to scratch your head and ask yourself "what the hell were they thinking?" Case in point, Sony's mobile division. According to a report published today, the company will launch the Sony Xperia XZ2 in India for a mind blowing 72,990 Rupees. That is equivalent to $1,062 USD at current exchange rates. The issue isn't necessarily the actual price (although it seems steep no matter how you slice it), but the fact that Sony is even asking for so much in a market that isn't overflowing with money.The Sony XZ2 features a 5.7-inch LCD screen with a 1080 x 2160 resolution. That means the aspect ratio is 18:9, allowing for a 5.7-inch screen to be placed on a phone that is the same size as the Xperia XZ1 and its 5.2-inch display. The HDR display will play back your home-made 4K HDR videos and HDR videos available from YouTube. Under the hood is the Snapdragon 845 Mobile Platform, currently the top-of-the-line SoC from Qualcomm. The Indian variant of the phone is equipped … [Read more...] about Why would Sony try to sell a phone in India for the equivalent of more than $1,000 U.S. dollars?
Heesu Lee and Grant Smith, Bloomberg 4:43 am CDT, Wednesday, July 18, 2018 Photo: Daniel Acker/Bloomberg) Image 1of/1 CaptionClose Image 1 of 1 Oil storage tanks in Cushing, Okla. Oil storage tanks in Cushing, Okla. Photo: Daniel Acker/Bloomberg) Oil falls after industry data show surprise U.S. stockpile gain 1 / 1 Back to Gallery Oil slipped in New York, approaching its lowest level in almost a month, after a surprise increase in U.S. crude inventories further allayed concerns of a looming supply crunch. Futures in New York dropped as much as 1 percent. The American Petroleum Institute was said to report stockpiles rose 629,000 barrels last week, whereas government data due later Wednesday is forecast to show a drop of 4.1 million barrels. Increased output from Saudi Arabia, Iraq and Russia has also given … [Read more...] about Oil falls after industry data show surprise U.S. stockpile gain
LUXEMBOURG--(BUSINESS WIRE)--May 17, 2018--Senningerberg (Municipality of Niederanven), Grand Duchy of Luxembourg – May 17, 2018 - Orion Engineered Carbons S.A. (“Orion” or the “Company”) (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced results for its first quarter of 2018.“We are very pleased with our strong start to the year. Our markets have strengthened worldwide and helped drive revenue up by 25.5% with gains in both Specialty and Rubber volumes. The stronger markets also supported price increases in both segments. While foreign exchange rates also favored revenue, the fundamentals of volume growth with stronger pricing were apparent in this good start to the year. As a result, our Adjusted EBITDA reached a quarterly record of $76 million,” said Jack Clem, Orion’s Chief Executive Officer.“In Specialties, we were successful in our efforts to recapture margin pressured last year … [Read more...] about Orion Engineered Carbons S.A. Announces First Quarter 2018 Financial Results
FORT WORTH, Texas--(BUSINESS WIRE)--Apr 26, 2018--FirstCash, Inc. (the “Company”) (NYSE: FCFS), the leading international operator of 2,247 retail pawn stores in the U.S. and Latin America, today announced record revenue, net income and earnings per share for the three month period ended March 31, 2018. In addition, the Company announced that it increased its earnings per share guidance for 2018, that the Board of Directors declared a $0.22 per share quarterly cash dividend and that the Company has completed its previously authorized share buyback programs and the Board of Directors authorized an additional $100 million for future share repurchases.Mr. Rick Wessel, chief executive officer, stated, “FirstCash is off to a great start in 2018 as first quarter earnings per share of $0.90 grew 34% over the prior year on the strength of Latin American revenue growth, rapidly improving U.S. profitability metrics, further merger synergies and the reduced U.S. corporate … [Read more...] about FirstCash Reports First Quarter EPS of $0.90 and Raises Full Year Guidance; Announces Acquisitions and Openings of 156 Stores; Declares Quarterly Dividend of $0.22 per Share; Completes Share Repurchase Plans and Adds New $100 Million Authorization