On Thursday, in the course of current trade, Shares of Vale S.A. (NYSE:VALE), dropped -3.31%, and is now trading at $6.42.
The Ibovespa climbed 1.1 percent to 54,236.25 at the close of trading in Sao Paulo as 52 of its 66 stocks advanced. The gauge had dropped as much as 0.9 percent earlier Wednesday after a cut in Citigroup Inc.’s forecast for iron ore sank Vale SA, the world’s largest producer of the commodity.
Brazilian shares entered a bull market last month, after rallying more than 20 percent from their January low, on prospects for government spending cuts. Since then, the measure has fallen 4.2 percent on concern the economy would falter. Bloomberg Reports.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet.
During an Afternoon trade, Shares of Citigroup Inc. (NYSE:C), dipped -0.61%, and is now trading at $54.54.
Today, Citigroup declared the top innovations from the Citi Mobile Challenge in Europe, the Middle East and Africa (EMEA). This global initiative launched in EMEA in February and invited developers to build solutions based on Citi’s digital platform and present concepts at events in Jerusalem, London, Nairobi and Warsaw.
Solutions that will receive a cash award of $25,000 each comprise “Swave” from Swave, “Umati Supply Chain Finance Solution” from Umati Capital, “The Kytabu app” from Kytabu Inc. and “Trade It” from Trade It.
Teams from 18 countries presented 77 working prototypes to Citi executives and technology influencers at four Demo Days in April held in Jerusalem, London, Nairobi and Warsaw. Finalists competed for an opportunity to take their technologies into production with Citi’s support, plus a share of $100,000 in cash awards and a suite of services from Citi Mobile Challenge sponsors. Entries were evaluated on their impact, viability, user experience and functionality.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), during its Thursday’s current trading session fell -0.57%, and is now trading at $33.96.
Gabelli & Company will host its 7th Annual Movie & Entertainment Conference on June 11, 2015 in New York City. This event will feature presentations, fireside chats, and one-on-one meetings with senior administration of leading entertainment, movie exhibition, and media companies. Institutional investors should contact their Gabelli & Company sales representative to register.
Participating Companies
- AMC Networks (AMCX)
- Carmike Cinemas, Inc. (CKEC)
- Cinemark Holdings (CNK)
- Cineplex (CGX.TO)
- EPR Properties (EPR)
- Eros International plc (EROS)
- Grupo Televisa S.A.B. (TV)
- IMAX Corp (IMAX)
- Lions Gate Entertainment (LGF)
- The Marcus Corp (MCS)
- National Association of Theater Owners
- National CineMedia (NCMI)
- Regal Entertainment Group (RGC)
- Ryman Properties (RHP)
- Twenty-First Century Fox, Inc. (FOXA)
- Videocon d2h (VDTH)
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Direct Broadcast Satellite Television segments.
Finally, Morgan Stanley (NYSE:MS), lost -0.34% Thursday.
Morgan Stanley Foundation declared $1 million in grants to local food banks in 24 cities across 17 states to support hunger-relief programs that deliver nutritious meals to children and families. Over the past three years, this specific grant program has awarded more than $4 million from the Firm to assist launch, expand and sustain critical childhood feeding programs.
Through its partnership with Feeding America, Morgan Stanley Foundation has awarded more than $14 million to the organization and its network of 200 local food banks that assist address childhood hunger through a series of programs that provide nutritious food to children and their families. Through its BackPack and School Pantry programs, the food banks provide families with nutritious foods that are considered necessary for a healthy life.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
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