Donald Trump allegedly violated the embargo con Cuba in 1998 when one of his company secretly conducted business in Communist Cuba during Fidel Castro’s presidency. To see how this would affect his presidential campaign, stick with Sentifi.
Embargo: Donald Trump appeared to violated the Cuban embargo in 1998
Records show that Trump company spent at least $68,000 for a foray into Cuba when any corporate expenditure in the country was prohibited. Even worse was that the money was funneled through an investment firm to make it appear legal. Even though Trump decided not to expand his business to Cuba, the story still made the headlines.
NXP Semiconduct: Is reportedly in acquisition talks with Qualcomm
NXP and Qualcomm may be close to a deal in what would be the chip industry’s second-biggest transaction ever. The deal could be worth at least $30 billion, which would likely be announced in the next two to three months if everything goes according to plan. NXP shares jumped 17 percent while Qualcomm shares increased 6.3 percent after the reports about the potential deal emerged.
Commerzbank: Cuts 9,600 jobs and suspends dividend
The German lender is preparing to shore up its business this week, and axing 9,600 jobs and suspending dividend are part of a four-year restructuring plan. After all, the lender is trying to cope with ultra-low interest rates and weak client demand. It will put its focus on corporate, small business and private clients, while merging its regional and markets operations and scaling back its investment bank.
ICICI Prudential Life Insurance: Shares fall 11 percent on market debut
India’s largest private sector life insurer did not have a good market debut as its shares fell 11 percent despite its IPO was subscribed 10.48 times this week. The army launched surgical attacks on terrorist camps in Pakistan, which scared off investors and created volatility in the market, resulting in the disappointing debut. Despite all that, the analysts still recommend a subscribe as it has longterm potential.
OPEC: The production cut slows oil recovery
Oil will continue its recovery, but it won’t have a strong rebound materially despite OPEC cut, according to some voices in the market. Plus, Russia refuses to comply with the cut as it aims to keep its oil production at near-record levels. The weak demand for oil may also dampen OPEC’s effort to raise the oil price.
Accenture: Shares jump more than 4 percent after quarterly earnings beat forecast
The consulting firm reported fiscal fourth-quarter earnings of $1.31 per share on revenue of $8.48 billion, beating the estimate of $1.30 a share on revenue of $8.43 billion from analysts. The company will keep focusing on digital, cloud and security services to meet its 2017 forecast of 5 percent to 8 percent in net revenue growth, and $5.75 a share to $5.98 a share in earnings.
Capita: Shares nosedive 28 percent due to Brexit
The outsourcing company pointed its finger to the economic uncertainty caused by Brexit as an excuse for its weak second half profit warning. The forecast for profit before tax for the full year is now expected to be in the range of £535 million to £555 million, down from £614 million of the previous forecast.
If you want to harness the wisdom and insights from the crowd to monitor your portfolio free of charge, sign up at Sentifi.
