Sports News Updates

iPhone X seen taking Apple closer to trillion-dollar valuation

Friday, November 3 2017

iPhone X seen taking Apple closer to trillion-dollar valuation

iPhone X seen taking Apple closer to trillion-dollar valuation iPhone X seen taking Apple closer to trillion-dollar valuation 17:05 hrs By Nivedita Bhattacharjee (Reuters) - Apple Inc took a step closer to becoming a trillion dollar company after the tech giant reported a blowout third quarter on Thursday and shrugged off concerns related to the $999 iPhone X. Its shares rose almost 4 percent in premarket trading on Thursday, on track to add nearly $30 billion to its market capitalization. The company is currently valued at $868 billion. The Cupertino, California-based company also forecast a strong holiday quarter ahead, which will include the much-awaited iPhone X that started selling on Nov. 3. "We see iPhone X unlocking pent-up iPhone upgrades, especially in China, driving more than 20 percent iPhone unit growth and a revenue and earnings beat in 2018," analyst Katy Huberty on Morgan Stanley said. Long lines had already started forming outside Apple stores in Asia as fans flocked to buy the new iPhone. At least five brokerages raised their price targets on the stock, with Canaccord Genuity making the most bullish move by raising its price target by $15 to $195. The median price target on the stock is $180. With Canaccord's move, five Wall Street analysts now have target prices for Apple that put its market value above $1 trillion. Drexel Hamilton's Brian White is still the most bullish among Apple analysts tracked by Thomson Reuters with a target price of $208. Apple's third-quarter results underscored the company's ability to drive growth not just on iPhones, but across its range of products, analysts said. The company's suite now includes five different iPhone models, the iPad, the Mac and the Apple Watch as well as its fast-growing services. Apple said it sold 46.7 million iPhones in the fourth quarter ended Sept. 30, above analysts' estimates of 46.4 million, according to financial data and analytics firm FactSet. Mac and Ipad sales too were above the estimates of most analysts. "Apple's first-mover advantage and "easy growth" from new smartphone adopters is over, but the company appears likely to retain its existing premium customer base," analysts at Morningstar said. (Reporting by Nivedita Bhattacharjee, additional reporting by Munsif Vengattil Editing by Saumyadeb Chakrabarty) SEARCH

Air France-KLM shares slump as costs take shine off profits

Friday, November 3 2017

Air France-KLM shares slump as costs take shine off profits

Air France-KLM profit jumps as price trends improve Air France-KLM profit jumps as price trends improve 12:23 hrs PARIS/BERLIN (Reuters) - Air France-KLM said improving price trends helped it report better than expected third quarter profits, joining major European peers in benefiting from strong summer demand. The Franco-Dutch company reported third quarter operating profit up 38.7 percent to 1.022 billion euros ($1.2 billion), against the average analyst expectation of 953 million in a Reuters poll. Unit revenues - a closely watched measure of how much income is generates per unit of capacity - increased 4.1 percent in the quarter and Air France-KLM said it expected an increase in the fourth quarter as well, driven by long-haul bookings. "Unit revenues in October were positive, forward bookings for November and December are ahead of last year," finance chief Frederic Gagey said. Lufthansa last week said unit revenues rose 4.5 percent in the third quarter, outpacing British Airways-parent IAG, which saw a 2.2 percent rise as it added capacity from Aer Lingus and low cost unit Level to transatlantic routes. Air France-KLM has also been benefiting from a return of U.S. and Asian passengers to Europe this year after attacks deterred travellers last year. The group also said on Friday it would be introducing an 11 euros one-way surcharge on bookings made via third-party GDS systems, such as Amadeus, Travelport and Sabre from April 1, 2018. It is following the example of Lufthansa and British Airways as airlines use new technology to gain more control over ticket sales. Air France-KLM said it still wanted to cut unit costs by 1-1.5 percent this year, although it now said that target was excluding effects caused by higher load factors and profit sharing. The group's French brand has lagged rivals on the cost-cutting front, leading to lower profitability. Air France reported a Q3 profit margin of 11 percent, with KLM at 18.5 percent. That compares with an operating profit margin of 18.1 for the Lufthansa brand and 21.5 percent for British Airways. Its Air France business has set up a new lower cost airline Joon, which it hopes will attract a younger generation of customers and make it more competitive against leaner Gulf-based rivals and low cost carriers. Air France-KLM did not give a profit outlook for the year. Analysts forecast on average 1.519 billion euros, which would be a 45 percent jump on last year. ($1 = 0.8573 euros) (Reporting by Cyril Altmeyer and Victoria Bryan; Editing by Sudip Kar-Gupta) SEARCH

Frankfurt-listed Apple shares up four percent on third-quarter, iPhone X prospects

Friday, November 3 2017

Frankfurt-listed Apple shares up four percent on third-quarter, iPhone X prospects

Frankfurt-listed Apple shares up four percent on third-quarter, iPhone X prospects Frankfurt-listed Apple shares up four percent on third-quarter, iPhone X prospects 17:23 hrs LONDON (Reuters) - Frankfurt-listed shares in Apple Inc rose 4 percent on Friday, after the iPhone maker published better-than-expected earnings and reassured investors over production delays of its latest iPhone X model. Around 1100 GMT, Apple shares traded at new record highs around 150 euros on the German bourse. The company said late on Thursday after the close of stock market trading that earnings were better-than-expected, and also offered rosy forecast for the holiday shopping season. European suppliers of Apple also enjoyed strong gains, with Dialog Semi up 3 percent, AMS 2.7 percent, Infineon 1.6 percent and STMicro 1.6 percent. (Reporting by Julien Ponthus; editing by Sujata Rao) SEARCH talking point on sify news Latest Features

Malyalam actress case: Actor Dileep seeks CBI enquiry

Friday, November 3 2017

Malyalam actress case: Actor Dileep seeks CBI enquiry

Malyalam actress case: Actor Dileep seeks CBI enquiry Malyalam actress case: Actor Dileep seeks CBI enquiry Source : 15:45 hrs [India], Nov 3 (ANI): Malayalam actor Dileep on Friday sought a Central Bureau of Investigation (CBI) enquiry into the Malayalam actress molestation and abduction case. In a letter to the home secretary, the accused actor alleged that the state police chief Loknadh Behtra and ADGP B. Sandhya were behind the trap against him. Dileep has been accused of hatching a plot with prime accused Pulsar Suni and his associates, to abduct and assault the Malayalam actress in a moving car. On October 3, the actor was bailed out of jail after submitting a plea for the fifth time. The actress, who has worked in Malayalam, Tamil and Telugu films, was kidnapped and molested in a moving car while she was on her way from Thrissur to Kochi on the night of February 17 this year. Dileep was arrested on July 10 because of his alleged involvement in the molestation case. On July 11, Dileep was expelled from the primary membership of Association of Malayalam Movie Artists (AMMA) after being arrested. (ANI)

SC asks banks to specify deadline for linking Aadhar with accounts

Friday, November 3 2017

SC asks banks to specify deadline for linking Aadhar with accounts

SC asks banks to specify deadline for linking Aadhar with accounts SC asks banks to specify deadline for linking Aadhar with accounts Source : 15:47 hrs [India], Nov 03 (ANI): While sending message alerts to customers about linking bank accounts with Aadhar, banks should also indicate the deadline for the same, the Supreme Court issued the directive on Friday to the government to convey it to banks. The apex court said the messages sent to customers should indicate that they have time till December 31, 2017. The Central Government has made it mandatory for all financial institutions, including banks, to verify and link Aadhaar of their customers with their accounts.(ANI)

One dead, many injured in school bus accident on Yamuna Expressway

Friday, November 3 2017

One dead, many injured in school bus accident on Yamuna Expressway

One dead, many injured in school bus accident on Yamuna Expressway One dead, many injured in school bus accident on Yamuna Expressway Source : 15:48 hrs [India], Nov. 3 (ANI): At least one person was killed and several others critically injured after a bus carrying school children met with an accident on the Yamuna Expressway in Uttar Pradesh on Friday afternoon. The bus overturned following a tyre burst and hit a divider on the highway. 40 to 45 people have been reported injured in the mishap. The Class VI and VII students of Alok Bharti School of Himachal Pradesh's Mandi were on their way to Agra for a school trip when the accident took place. According to information, there were two buses carrying 106 passengers, including teachers and staff, when one of them overturned. The deceased person is speculated to be the bus driver. "The injured, five of them critical, have been admitted to three different private hospitals. Parents have been informed about the situation," Agra District Magistrate Gaurav Dayal said. (ANI)

Chennai rains: Madras HC grants Rs 10 lakh compensation to kin of electrocuted girls

Friday, November 3 2017

Chennai rains: Madras HC grants Rs 10 lakh compensation to kin of electrocuted girls

Chennai rains: Madras HC grants Rs 10 lakh compensation to kin of electrocuted girls Chennai rains: Madras HC grants Rs 10 lakh compensation to kin of electrocuted girls Source : SIFY Last Updated: Fri, Nov 03, 2017 16:19 hrs Chennai : The Madras High Court directed the Tamil Nadu government to pay Rs 10 lakh as compensation to families of two girls who were electrocuted on Wednesday due to a wire from an open pillar box. Eight-year-old girls Bhavna and Vijayshri, who were playing outside their homes on Wednesday, were electrocuted in Chennai's RR Nagar suburb, as heavy rains continued lashing the city and other coastal districts of Tamil Nadu. Another girl escaped after she jumped on a cement slab. The girls were playing near their home since schools were closed following the rains. Eight officials of the electricity board, including an executive engineer and an assistant engineer, were suspended for dereliction of duty, electricity minister SP Velumani told reporters. He said leakage of electricity to the wire from an open pillar box was the reason for the girls' electrocution. A five-member group has been set up by the Electricity Board to ensure that such incidents do not recur, he added. He said leakage of electricity to the wire from an open pillar box was the reason for the girls' electrocution. A five-member group has been set up by the Electricity Board to ensure that such incidents do not recur, he added. He had also announced a solatium of Rs 2 lakh for kin of the dead. However, the Madras High Court has directed the government to provide more compensation for families of the deceased, CNN-News18 reported. Velumani said chances of electrocution were less in Chennai because of underground cabling of electric wires, but the accident took place because of lack of proper upkeep of the pillar box. There were 40,000 such pillar boxes in the city, he added. Meanwhile, angry residents staged a protest on Friday condemning government negligence. They said that the pillar box wasn't fixed despite their complaints, and that's the reason for the girls' death. The weather department has predicted rain and thundershowers at several places over coastal and interior Tamil Nadu and Puducherry for the next two days. Intermittent heavy rains have also been forecast for Chennai and neighbouring districts of Kanchipuram and Tiruvallur. SEARCH talking point on sify news Latest Features

Nirbhaya's brother becomes a pilot, parents say 'Rahul Gandhi made it possible'

Friday, November 3 2017

Nirbhaya's brother becomes a pilot, parents say 'Rahul Gandhi made it possible'

Nirbhaya's brother becomes a pilot, parents say 'Rahul Gandhi made it possible' Nirbhaya's brother becomes a pilot, parents say 'Rahul Gandhi made it possible' Source : Last Updated: Fri, Nov 03, 2017 16:25 hrs New Delhi: Nirbhaya's younger brother is flying high -- literally. He has joined a private airline after completing his commercial pilot training and his parents cannot stop thanking Congress Vice President Rahul Gandhi for making it possible. Badrinath Singh told IANS that the Congress leader helped the grief-stricken family in "every way possible he could" after his 23-year-old daughter was brutally gang raped on December 16, 2012 that led to her death 13 days later. "My son (he refused to name him) is now a pilot. He completed his training recently. He has joined IndiGo Airlines and is already flying planes. And it is true it was possible because of Rahul Gandhi," said Singh, who works at the Indira Gandhi International Airport here. He said his son after completing his Class 12 got admitted to the Indira Gandhi Rashtriya Uran Akademi, a government-founded autonomous institute in Rae Bareli -- the Lok Sabha constituency of Rahul Gandhi's mother and Congress President Sonia Gandhi. "Rahul Gandhi made it possible. He looked after us after the incident," the father said, referring to the December 16 night when his daughter was brutally gang-raped. "He (Gandhi) helped us emotionally. He helped us in many ways. He helped us monetarily. Otherwise, you can understand how was it possible for us to make our son a pilot." Singh said many came to help the family initially, but "it was Gandhi who stood by us always and had strictly told us to keep it a secret". "He used to tell us he was not doing it for his politics. It was purely on humanitarian basis. He used to tell us not to speak to the media," Singh said, adding that he too has nothing to do with Gandhi's politics, "but the truth remains the truth, and we cannot thank him enough". He said the Congress leader used to counsel his son regularly and motivated him to do something good in his life and support the family. "He suggested to him to pursue a pilots training course and got him admitted to the Uran Akademi in Rae Bareli," Singh said. Singh's another son is studying engineering in Pune. On December 16, 2012, as Nirbhaya and her male friend waited at a bus stop in Munirka, after watching a late night show of "Life of Pi" at a theatre there, a chartered bus stopped by. The two were unsuspecting of the bestial motives of the six males, including a minor, on board who offered to drop them to their destination. The young woman's friend was knocked down with an iron rod while Nirbhaya was raped by the five men and the teenaged youth on the moving bus. The two were flung, bleeding by a roadside. The brutality of the rape and the woman's death in a Singapore hospital on December 29 sparked off nationwide protests. "The incident left a permanent scar but Gandhi came like an angel. Whatever the politics, but he has been an angel to us," said the father. Asked if he had flown with his son, Singh said: "Not as of now. But maybe I will fly in the plane he pilots soon." SEARCH talking point on sify news Latest Features

PRECIOUS-Gold firms amid steady dollar after U.S. tax plan

Friday, November 3 2017

PRECIOUS-Gold firms amid steady dollar after U.S. tax plan

PRECIOUS-Gold firms amid steady dollar after U.S. tax plan PRECIOUS-Gold firms amid steady dollar after U.S. tax plan Fri, Nov 03, 2017 07:19 hrs Nov 2 (Reuters) - Gold firmed on Friday but held below the previous session's highs as the dollar steadied following modest losses after the unveiling of U.S. tax reforms. FUNDAMENTALS * Spot gold was up 0.2 percent to $1,277.88 per ounce at 0107 GMT. It hit the highest in about two weeks, at 1,284.10, in the previous session. * U.S. gold futures for December delivery were mostly unchanged at $1,278.50. * The dollar index , which tracks the greenback against a basket of six major rivals, was little changed at 94.698. * Asian share markets edged higher on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm of the Federal Reserve. * Republicans in the U.S. House of Representatives unveiled a tax bill on Thursday that would cost $1.51 trillion and deliver deep tax cuts as promised by President Trump, setting off a race in Congress to give him his first major legislative win. * The dollar fell to its lowest in a week against a basket of major currencies on Thursday after the unveiling of the new tax plan. * President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, breaking with precedent by denying Janet Yellen a second term but signalling a continuation of her cautious monetary policies. * SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.42 percent to 846.04 tonnes on Thursday. * The Bank of England raised interest rates for the first time in more than 10 years on Thursday but said it expected only "very gradual" further increases as Britain prepares to leave the European Union, sending sterling down sharply. * Hong Kong and Shenzhen will launch a gold market tie-up on Nov. 3, providing a boost to cross-border bullion trading and the internationalization of the Chinese currency, Hong Kong's bullion trading bourse said on Thursday. * African miner Randgold Resources on Thursday said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali. DATA/EVENT AHEAD (GMT) 1230 U.S. Non-farm payrolls Oct 1230 U.S. Private payrolls Oct 1230 U.S. Manufacturing payrolls Oct 1230 U.S. Government payrolls Oct (Reporting by Arpan Varghese in Bengaluru; Editing by Richard Pullin) SEARCH

Global Economy: Central bankers on the move, but where's the inflation?

Friday, November 3 2017

Global Economy: Central bankers on the move, but where's the inflation?

Global Economy: Central bankers on the move, but where's the inflation? Global Economy: Central bankers on the move, but where's the inflation? Fri, Nov 03, 2017 09:43 hrs By Ross Finley LONDON (Reuters) - Now the Bank of England has raised interest rates for the first time in a decade, it is beyond doubt major central banks in industrialised economies are eager to shift away from ultra-easy policy. But the fact the decision was so contested both in and outside the BoE perhaps reveals more concern about the lack of inflation pressure than about Britain's clear difficulty in trying to leave the European Union without a concrete plan. The majority of those who argued against higher rates in Britain started with the fact above-target inflation is a result of sharply higher import prices due to the tumble in the pound since the June 2016 vote to leave the EU. A lack of domestic inflation pressure from higher wage deals remains as plain as ever, as does the ongoing lack of inflationary drift from the global economy, where trade is down from boom years but cheap labour remains plentiful. Among those who carefully follow Britain's peers in the Group of Seven industrialised economies, notably the United States and those in the euro zone, the lack of inflation is real and striking, corroborated by a recent Reuters poll of over 500 forecasters around the world. News that Jerome Powell will be taking over as Federal Reserve chair from Janet Yellen does nothing to change the fact core inflation on the central bank's preferred measure has fallen back to 1.3 percent. That is where it was the month before the Fed started raising rates nearly two years ago. The Bank of Canada has delivered two interest rate hikes this year - the July one more of a surprise than the follow-up in September - but growth has since flatlined and there's no sign of core inflation picking up there either. Led by President Mario Draghi, the European Central Bank has just skillfully engineered a broad acceptance January is the right time to slash its monthly asset purchases by half to 30 billion euros. But core inflation is still going nowhere fast. The ECB even has a "core core" measure it looks at that strips out a litany of pesky components holding inflation down, and even that is not offering much encouragement. Japan, like the euro zone, is experiencing one of its best economic years in the past two decades, drifting up with the rest of the global economy but also showing impressive domestic performance and more reason for hope for the future. But its notable recent improvements in raising wage settlements a bit still does not look like they will bring inflation much higher. The Bank of Japan's latest meeting had a newcomer arguing for more easing, a crack in the armour that leaves a rather uncomfortable question lingering in the air. If Japan still hasn't escaped from two lost decades of near-zero pricing power, even after the authorities have thrown the kitchen, bathroom and garage sinks at it, isn't the logical conclusion that central banks aren't in control of inflation? That is the challenge the BoE will have in coming months: persuading anyone who will listen that by raising rates a tiny amount from near-zero to just a little above zero it was instrumental in bringing UK inflation under control. It is also worth noting that as central bankers change their tune on inflation from tentative to more emphatic hopes for a revival, some very powerful disinflationary forces in the global economy remain. While labour unions everywhere are pushing for better pay, the most powerful pull for consumers appears to be the search for a good bargain. Amazon, now almost synonymous with "instant" and "cheap" in the eyes of consumers, and a website many routinely check on their mobile phones against consumer prices while in shops for just about any item, is rapidly expanding. Obviously more symbolic at this stage than statistical, its recent acquisition of Whole Foods, a grocery brand more associated with "posh" and "expensive", should also be a reminder of where the path of least resistance lies. The other clear disinflationary risk, even if price pressure does pick up in the interim, is that on more than a few measures global asset prices look extremely stretched. "Equity investors are trying to have their cake and eat it," economists at Fathom, an investment consultancy, say in a note. "They are betting, simultaneously, that real rates of interest will never rise materially above zero, while the major economies will continue to enjoy positive, if not stellar real rates of economic growth. They will be proved wrong, in our view." (Reporting by Ross Finley; Editing by Emelia Sithole-Matarise) SEARCH

Singapore police examine Goldman's role in 1MDB deals: Bloomberg

Friday, November 3 2017

Singapore police examine Goldman's role in 1MDB deals: Bloomberg

Singapore police examine Goldman's role in 1MDB deals: Bloomberg Singapore police examine Goldman's role in 1MDB deals: Bloomberg Fri, Nov 03, 2017 10:06 hrs (Reuters) - Singaporean prosecutors and police are looking at Goldman Sachs Group's relationship with the scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter. Singapore's economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Bhd, Bloomberg reported. 1MDB, founded by Malaysian Prime Minister Najib Razak, is facing money laundering probes in at least six countries including the United States, Switzerland and Singapore. Najib has denied any wrongdoing. A Goldman Sachs spokesman in Hong Kong declined to comment. Officials at the Singaporean police and 1MDB were not immediately available for comment. The Monetary Authority of Singapore (MAS) had earlier in the week barred two individuals involved in breaches related to Malaysia's 1MDB fund from taking part in financial services management and advisory activities. In March, the MAS issued a 10-year prohibition order against Tim Leissner, former Southeast Asia chairman at Goldman Sachs, who it said had made false statements on behalf of his bank without its knowledge or consent. Leissner was responsible for managing the relationship with Malaysia's 1MDB fund when Goldman Sachs was engaged to arrange three bond issues from 2012 to 2013. MAS had flagged its intention to ban Leissner last December. (Reporting by Parikshit Mishra in Bengaluru and Sumeet Chatterjee in Hong Kong; Editing by Himani Sarkar) SEARCH

PRECIOUS-Gold little changed amid steady dollar ahead of U.S. jobs report

Friday, November 3 2017

PRECIOUS-Gold little changed amid steady dollar ahead of U.S. jobs report

PRECIOUS-Gold little changed amid steady dollar ahead of U.S. jobs report PRECIOUS-Gold little changed amid steady dollar ahead of U.S. jobs report Fri, Nov 03, 2017 13:00 hrs * Spot gold looks neutral in $1,263-$1,281/oz range- technicals * Gold set for first weekly gain in three (Updates prices, adds comment) By Arpan Varghese Nov 3 (Reuters) - Gold prices traded in a narrow range on Friday, below the previous session's high, as the dollar steadied amid caution ahead of U.S. jobs data later in the day. Spot gold was mostly unchanged at $1,275.82 per ounce at 0657 GMT, and was on track for its first weekly gain in three. It hit its highest in about two weeks at $1,284.10 in the previous session. U.S. gold for December delivery dipped 0.1 percent to $1,276.50. The dollar held steady versus a basket of currencies on Friday, as focus shifted to U.S. jobs data, with President Donald Trump's nomination of Federal Reserve Governor Jerome Powell to be the next Fed chair coming as no surprise. The greenback had slipped on Thursday after Republicans in the U.S. House of Representatives released proposals to overhaul the tax code. Asian share markets edged higher on Friday as investors gave a guarded reception to the plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm of the Fed. A holiday in Japan kept volumes light, while investors observed the usual caution ahead of the U.S. payrolls report which is expected to show a big bounce back from September's hurricane-hit result. "Gold seems to be broadly flat. The announcement of Jerome Powell as the new Fed Chair was broadly in line with expectations," said John Sharma, an economist with National Australia Bank. "Markets are waiting for the U.S. payrolls data. A strong result here would not be supportive of gold." Trump's appointment of Powell broke with precedent by denying Janet Yellen a second term but signalling a continuation of her cautious monetary policies. "The general trend for gold over the last week has been positive, but the market will need to find a catalyst within the host of data released tonight to push through the strong resistance at $1280," MKS PAMP analyst Tim Brown wrote in a note. "On the downside, we should see close support at the 100-day moving average at $1,275." Spot gold looks neutral in a narrow range of $1,263-$1,281 per ounce, and an escape could suggest a direction, according to Reuters technical analyst Wang Tao. In other precious metals, spot silver inched 0.1 percent lower to $17.09 an ounce and platinum eased 0.3 percent to $921.74 while palladium was up 0.1 percent at $997. (Reporting by Arpan Varghese in Bengaluru; Editing by Richard Pullin and Vyas Mohan) SEARCH