Markets


My tenure has been fantastic: Raghuram Rajan
- August 14, 2016

The repo rate helps control inflation, which is one of the major concerns of RBI. "In particular, the government's notification of the inflation target at 4 per cent +/- 2 percent through to 2021 denotes ongoing commitment to keeping inflation at moderate levels", Marie Diron, senior vice president, Sovereign Risk Group was quoted as saying in a statement issued by Moody's. (more...)
Wind meets all Scotland's power needs on Aug 7 Wind meets all Scotland's power needs on Aug 7
- August 14, 2016

On the journey to a wholly renewable future, this definitely marks as a great milestone. Environmentalists rejoiced on Sunday as energy generated by high winds in Scotland was enough to power the entire country for the day, according to a new report by The Guardian . (more...)
Stock Indexes Mostly Lower Friday After Unexpectedly Weak Retail Sales (INDEXDJX:.DJI) Stock Indexes Mostly Lower Friday After Unexpectedly Weak Retail Sales (INDEXDJX:.DJI)
- August 14, 2016

J.C. Penney JCP.N shares fell 1.4 percent in premarket trading after the department store chain operator reported quarterly revenue that missed analysts' estimates. Giving the Nasdaq its biggest boost on Friday, shares of chipmaker Nvidia gained 5.6 percent to $63.04, a day after it reported its fastest quarterly sales growth in almost five years. (more...)
Rio 2016: Golf's Olympics detractors must have been on drugs - Garcia Rio 2016: Golf's Olympics detractors must have been on drugs - Garcia
- August 14, 2016

Right now, at this moment, it's hard to argue that there's anyone in the game playing better golf than Stenson. He was still alone in third place, though he was four shots behind and his lack of length could be factor in trying to keep pace with Rose and Stenson. (more...)
Vladimir Putin fires chief of staff Sergei Ivanov
- August 14, 2016

The president has appointed Anton Vaino as new presidential chief of staff. Although Mr Ivanov and Mr Putin have known each other and worked closely together for decades, their relationship is not without tensions. Ivanov, who has occupied a number of top positions in the government, including the post of defense minister in the early 2000s, has now been appointed the president's ecology and transport special representative. (more...)
Henrik Stenson makes excellent start to second round at Reserva de Marapendi Henrik Stenson makes excellent start to second round at Reserva de Marapendi
- August 14, 2016

The Olympic golf competition hit a lull on Friday in Rio. Details for Round 3 of the 2016 Rio Olympics Men's Golf competition on Saturday are below. "Like other sports, once you are in the final all the heats mean nothing". "It would mean an very bad lot", Rose said. "Ours is a bit more down to the form for the week and on any given day". (more...)
Walmart Now Sells Deep Fried Twinkies
- August 14, 2016

The retail chain has an exclusive agreement with Hostess Brands to sell Deep Fried Twinkies for the first three months. There's also a sensory lab where Wal-Mart can collect feedback from customers and employees, who answer questions about the texture, saltiness or sweetness of a food or beverage. (more...)
Cyberattack Halts Australia's First Online Census
- August 14, 2016

The minister responsible for the survey, Michael McCormack, refused to call the online crash an attack, but rather a "denial of service attempt" when the website was deliberately overloaded. "The ABS will blame IBM, IBM will blame the ABS and both parties will blame the Government", he said. Opposition Leader Bill Shorten criticised Mr Turnbull for failing to take responsibility for the shambles, especially given he changed the minister responsible for the census three weeks out. (more...)
NTSB shares information about recovery of El Faro's 'black box' NTSB shares information about recovery of El Faro's 'black box'
- August 14, 2016

A transcript will be released and families will be able to review the information before it is released publicly. The NTSB said Tuesday it retrieved the El Faro's voyage data recorder, which investigators hope will shed light on the ship's final moments. (more...)
Southern Railway Strike To Go Ahead Next Week
- August 14, 2016

The strike adds to the problems of tired passengers who have suffered months of cancellations and delays because of high levels of staff sickness, while in July Southern axed 341 trains, about 15 percent, to provide what it said would be a more regular service. (more...)
Hillary Clinton Offers Republicans Absolutely Nothing In Exchange For Supporting Her Hillary Clinton Offers Republicans Absolutely Nothing In Exchange For Supporting Her
- August 14, 2016

Hillary Clinton's presidential campaign tweaked Republican opponent Donald Trump anew over his unreleased tax returns on Friday, this time with a video featuring Trump himself talking about the custom and expectation that presidential candidates will submit their tax filings to scrutiny. (more...)
Justin Marks wins NASCAR Xfinity race at rainy Mid
- August 14, 2016

The NASCAR Sprint Cup series is on a break this week and at this point in the regular season, Brad Keselowski, Carl Edwards, Kyle Busch, Matt Kenseth, Jimmie Johnson and Denny Hamlin all have multiple wins and clinched a place in the Chase. (more...)
Clinton releases 2015 tax return, calls on Trump to release him Clinton releases 2015 tax return, calls on Trump to release him
- August 14, 2016

The Clintons pulled in $10.6 million in 2015, much less than the almost $28 million they made the year before. With his political opponents demanding that Trump should do what every candidate in modern history has done by releasing his tax returns, the Clinton campaign released a new video ad on Friday that left no doubt she intends to make his lack of financial transparency a key line of attack going forward. (more...)
Oil prices rise as United States reports mixed data
- August 14, 2016

The US government will issue official inventory data on Wednesday. The Energy Information Administration is due to release its weekly petroleum status report for the week ended July 29th at 10:30 am ET. However, there was also an unexpected increase in crude reserves, which rebounded by 1.41 million barrels. Brent for October settlement climbed $1.19, or 2.8 percent, to close at $44.29 a barrel on the London-based ICE Futures Europe exchange on Thursday. (more...)
Donald Trump: Utah Is a 'Boring, Small State' with 'Strange People' Donald Trump: Utah Is a 'Boring, Small State' with 'Strange People'
- August 14, 2016

She easily leads Donald Trump among 18- to 29-year-old registered voters in the latest ABC News-Washington Post poll , 57-31 percent, making them her single best age group. Why should we not believe that if she wins, she will fail to deliver and tell us that she was thwarted by the evil Republicans? Though that's all hypothetical, as an outside group that takes its cues from the Clinton campaign says it has no plans now to play in Arizona and Georgia. (more...)
Walmart scoops up Jet.com to better battle Amazon Walmart scoops up Jet.com to better battle Amazon
- August 14, 2016

Walmart CEO Doug McMillon said that it hopes the acquisition will help Walmart drop prices and grow its online presence quicker. While the brands will remain separate, Walmart plans to tap Jet's expertise in online ordering to grow its e-commerce business at a faster rate and reach more customers , particularly Millennials. (more...)
To Corner Trump on Finances, Clinton Releases Tax Returns To Corner Trump on Finances, Clinton Releases Tax Returns
- August 14, 2016

The tax return showed Clinton paid effective federal income tax rate of 34.2% and an effective state and local income tax rate of 9%, making for a combined tax rate of 43.2%, the Clinton campaign said . But the tax code treats such income that way, which leaves only a few conventional deductions for lowering your taxable income, such as those for mortgage interest, state and local taxes, and charitable donations. (more...)
Arianna Huffington stepping down as HuffPost chief to launch wellness company
- August 14, 2016

The Huffington Post's practice of not paying many of its contributors-arguing that they were benefiting from exposure to the site's large number of visitors-brought criticism. "I thought it would be possible to build a startup and continue as editor in chief of the Huffington Post ", Huffington says in a statement . More recently, though, Huffington changed her tune. (more...)
Clinton Campaign Calls Out Trump, Releases Tax Filings Clinton Campaign Calls Out Trump, Releases Tax Filings
- August 14, 2016

The Clintons also donated 1 million USA dollars to the non-profit foundation that bears their name. Tax experts speculate that Trump, by contrast, may pay little in taxes, or even no federal income tax at all. Trump senior communications advisor Jason Miller said in a statement that Americans would rather see deleted emails from Clinton's private server, Clinton Foundation records and transcripts of speeches she gave to Wall Street business people. (more...)
Clintons made $10.6M in 2015, tax returns show Clintons made $10.6M in 2015, tax returns show
- August 14, 2016

When Clinton released her taxes Friday it showed that she and her husband paid an effective federal tax rate of 34.2 percent and gave almost 10 percent to charity. Clinton has pounced on the issue, releasing an online video on Friday highlighting high-profile Republicans urging Trump to release his taxes. But aside from their earnings, the latest showing by the Democratic candidates was meant to put a spotlight on Trump's failure to release his returns. (more...)

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