Markets
Saudi Arabia, allies issue Qatar-linked terror blacklist
- June 10, 2017
Saudi Arabia has already closed its airspace to Qatari planes, and - along with Bahrain - has revoked the licence of Qatar Airways. On Friday, Tillerson said the blockade is "hindering" military operations in the region. Trump, speaking in the White House Rose Garden yesterday, said his concerns about Qatar's support to terror groups was raised during his meeting weeks ago with Arab and Muslim leaders. (more...)
- June 10, 2017
Saudi Arabia has already closed its airspace to Qatari planes, and - along with Bahrain - has revoked the licence of Qatar Airways. On Friday, Tillerson said the blockade is "hindering" military operations in the region. Trump, speaking in the White House Rose Garden yesterday, said his concerns about Qatar's support to terror groups was raised during his meeting weeks ago with Arab and Muslim leaders. (more...)
Japanese Government Passes Bill Allowing Emperor Akihito to Officially Resign in 2018
- June 10, 2017
The legal move clears the way for the first abdication by a Japanese monarch in almost two centuries. The abdication of the incumbent emperor would take place for the first time in 200 years. Media reports have said officials are considering the end of 2018, when Akihito turns 85, for the abdication. It also highlights a pressing issue of the shrinking royal population and male successors. (more...)
- June 10, 2017
The legal move clears the way for the first abdication by a Japanese monarch in almost two centuries. The abdication of the incumbent emperor would take place for the first time in 200 years. Media reports have said officials are considering the end of 2018, when Akihito turns 85, for the abdication. It also highlights a pressing issue of the shrinking royal population and male successors. (more...)
Theresa May's two closest aides quit after election debacle
- June 10, 2017
The adviser takes the fall but Theresa May is the one responsible for her own defeat. Outspoken journalist and presenter Piers Morgan tweeted: "Stop chucking everyone else under a bus, Prime Minister Theresa May and resign". I never hated them. "But I take responsibility for the content of the whole manifesto, which I continue to believe is an honest and strong programme for government". (more...)
- June 10, 2017
The adviser takes the fall but Theresa May is the one responsible for her own defeat. Outspoken journalist and presenter Piers Morgan tweeted: "Stop chucking everyone else under a bus, Prime Minister Theresa May and resign". I never hated them. "But I take responsibility for the content of the whole manifesto, which I continue to believe is an honest and strong programme for government". (more...)
RBI to put into circulation Re 1 denomination currency notes
- June 10, 2017
Rest other currency notes bear the signature of the RBI Governor. The new one rupee coin will be there on the reverse of the note along with the words of "Government of India " and " भारत सरकार". The exercise also saw the introduction of new Rs 2,000 notes. "The notes have been printed by the Government of India..." In an attempt to crack down on black money, the Centre had junked the old Rs 500 notes and replaced them with new ones. (more...)
- June 10, 2017
Rest other currency notes bear the signature of the RBI Governor. The new one rupee coin will be there on the reverse of the note along with the words of "Government of India " and " भारत सरकार". The exercise also saw the introduction of new Rs 2,000 notes. "The notes have been printed by the Government of India..." In an attempt to crack down on black money, the Centre had junked the old Rs 500 notes and replaced them with new ones. (more...)
Govt says all options open for Air India revival
- June 10, 2017
All courses of actions are being examined. It also said that the successive government's at the Centre, and not the airline's management, were to be blamed for the financial mess of Air India. The CBI is also investigating the charges of giving up profit-making routes and profit-making timings of Air India in favor of national and worldwide private airlines causing a huge loss to the national carrier. (more...)
- June 10, 2017
All courses of actions are being examined. It also said that the successive government's at the Centre, and not the airline's management, were to be blamed for the financial mess of Air India. The CBI is also investigating the charges of giving up profit-making routes and profit-making timings of Air India in favor of national and worldwide private airlines causing a huge loss to the national carrier. (more...)
ExxonMobil adds deepwater block off Equatorial Guinea
- June 10, 2017
Exxon says it plans to acquire new and reprocess existing 3D seismic at Block EG-11. Deepwater block EG-11 measures about 307,000 acres (1,242 km) and is adjacent to Zafiro field, located in Block B. This places Exxon Mobil ahead of other acreage winners in Equatorial Guinea's latest licensing bidding round. Out of 23 companies who expressed interest in the round, 12 submitted bids. (more...)
- June 10, 2017
Exxon says it plans to acquire new and reprocess existing 3D seismic at Block EG-11. Deepwater block EG-11 measures about 307,000 acres (1,242 km) and is adjacent to Zafiro field, located in Block B. This places Exxon Mobil ahead of other acreage winners in Equatorial Guinea's latest licensing bidding round. Out of 23 companies who expressed interest in the round, 12 submitted bids. (more...)
Saudi and Bahrain welcome Trump's scolding of Qatar
- June 10, 2017
Qatar has backed Islamist movements but strongly denies supporting terrorism. A top Emirati diplomat said Wednesday "there's nothing to negotiate" with Qatar over a growing diplomatic dispute about the energy-rich nation's alleged funding of terror groups, signaling Arab countries trying to isolate it won't back down. (more...)
- June 10, 2017
Qatar has backed Islamist movements but strongly denies supporting terrorism. A top Emirati diplomat said Wednesday "there's nothing to negotiate" with Qatar over a growing diplomatic dispute about the energy-rich nation's alleged funding of terror groups, signaling Arab countries trying to isolate it won't back down. (more...)
Noteworthy Stock: Kimco Realty Corporation (KIM)
- June 10, 2017
Aqr Capital Mngmt invested 0% of its portfolio in Kilroy Realty Corp (NYSE: KRC ). Hanson Mcclain Inc accumulated 0% or 900 shares. Sumitomo Mitsui Trust Holdings Inc. Robert W. Baird raised Kimco Realty Corp from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $29.00 to $25.00 in a research note on Monday, March 13th. (more...)
- June 10, 2017
Aqr Capital Mngmt invested 0% of its portfolio in Kilroy Realty Corp (NYSE: KRC ). Hanson Mcclain Inc accumulated 0% or 900 shares. Sumitomo Mitsui Trust Holdings Inc. Robert W. Baird raised Kimco Realty Corp from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $29.00 to $25.00 in a research note on Monday, March 13th. (more...)
GST, strong rupee buoy equity markets
- June 10, 2017
The benchmark BSE Sensex ended the session up 48.70 points or 0.16 percent at 31,262.06 while the broader Nifty index rose by 21 points or 0.22 percent to 9,668.25. Provisional figures from the stock exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 601.38 crore, while domestic institutional investors (DIIs) purchased scrip worth Rs 883.31 crore during the week. (more...)
- June 10, 2017
The benchmark BSE Sensex ended the session up 48.70 points or 0.16 percent at 31,262.06 while the broader Nifty index rose by 21 points or 0.22 percent to 9,668.25. Provisional figures from the stock exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 601.38 crore, while domestic institutional investors (DIIs) purchased scrip worth Rs 883.31 crore during the week. (more...)
SBI cuts rates for home loans above Rs 75 lakh
- June 10, 2017
Being the second reduction in interest rates in the last two months, SBI has revised interest rates by 8.55 percent p.a. for salaried women borrowers, and for others the rate of interest will be 8.60 percent p.a. We will not require government funds (in FY18). Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized lenders. (more...)
- June 10, 2017
Being the second reduction in interest rates in the last two months, SBI has revised interest rates by 8.55 percent p.a. for salaried women borrowers, and for others the rate of interest will be 8.60 percent p.a. We will not require government funds (in FY18). Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized lenders. (more...)
RBI keeps key rate unchanged; cuts SLR, lowers GDP projection
- June 10, 2017
SLR is the percentage of deposits banks must park in government securities. Amongst the six monetary policy committee members, five voted to keep the rate on hold, contrasting the unanimous decision in the earlier review. Analysts and watchers were expecting the MPC to go in for a status quo on the rates, but soften its commentary from the hawkish one, given clarity on various aspects and the cool- down in inflation. (more...)
- June 10, 2017
SLR is the percentage of deposits banks must park in government securities. Amongst the six monetary policy committee members, five voted to keep the rate on hold, contrasting the unanimous decision in the earlier review. Analysts and watchers were expecting the MPC to go in for a status quo on the rates, but soften its commentary from the hawkish one, given clarity on various aspects and the cool- down in inflation. (more...)
Hillary Clinton Blames 'Weaponizing Technology' Used By Russians For 2016 Election Loss
- June 10, 2017
Going forward, Clinton said that she believes that it was "realistic" for Democrats to retake the House in 2018, notably by focusing on Republican congressional districts she won. "For that glorious interlude between midnight and five a.m., we were like passengers on the Titanic who made a decision to say, 'Fuck it!' and rock out to the band", she said. (more...)
- June 10, 2017
Going forward, Clinton said that she believes that it was "realistic" for Democrats to retake the House in 2018, notably by focusing on Republican congressional districts she won. "For that glorious interlude between midnight and five a.m., we were like passengers on the Titanic who made a decision to say, 'Fuck it!' and rock out to the band", she said. (more...)
House passes bill to kill safeguard regulations in Dodd-Frank Act
- June 10, 2017
The American Bankers Association applauded the House vote, saying the bill would "fix financial rules that are holding back the US economy, and doing little to enhance safety and soundness". The Financial Choice Act would allow the conditions for the next financial crisis to fester, Democrats say, noting that American banks earned record profits past year despite government regulations. (more...)
- June 10, 2017
The American Bankers Association applauded the House vote, saying the bill would "fix financial rules that are holding back the US economy, and doing little to enhance safety and soundness". The Financial Choice Act would allow the conditions for the next financial crisis to fester, Democrats say, noting that American banks earned record profits past year despite government regulations. (more...)
Bernie Sanders Slams 1 Percent in Praise for UK's Corbyn
- June 10, 2017
May now risks more opposition to her Brexit plans from inside and outside her party, though a party source said the leading the Conservatives was seen as too much of a poisoned chalice for her to face an immediate challenge. British voters just sent a strong signal that they are increasingly tired of xenophobic rhetoric and public policies based on the principle of economic austerity. (more...)
- June 10, 2017
May now risks more opposition to her Brexit plans from inside and outside her party, though a party source said the leading the Conservatives was seen as too much of a poisoned chalice for her to face an immediate challenge. British voters just sent a strong signal that they are increasingly tired of xenophobic rhetoric and public policies based on the principle of economic austerity. (more...)
Uber fires more than 20 employees amid sexual harassment claims
- June 10, 2017
Fowler wrote that her superior propositioned her for sex. The firings, the company confirmed Tuesday afternoon, were for sexual harassment, discrimination, unprofessional behavior, retaliation, bullying and physical safety - most but not all in the company's San Francisco headquarters. (more...)
- June 10, 2017
Fowler wrote that her superior propositioned her for sex. The firings, the company confirmed Tuesday afternoon, were for sexual harassment, discrimination, unprofessional behavior, retaliation, bullying and physical safety - most but not all in the company's San Francisco headquarters. (more...)
British Pound Slides After Inconclusive UK Election Results
- June 10, 2017
The British pound had a rough night and we have experienced many whipsaws due to the uncertainty which we are facing now. Currently, investors seem to worry that a weakened Conservative prime minister would not have the power to resist calls from some within the party who want a clean divorce from the European Union, even if that means losing privileged access to the European Union single market. (more...)
- June 10, 2017
The British pound had a rough night and we have experienced many whipsaws due to the uncertainty which we are facing now. Currently, investors seem to worry that a weakened Conservative prime minister would not have the power to resist calls from some within the party who want a clean divorce from the European Union, even if that means losing privileged access to the European Union single market. (more...)
Why British stocks have bounced after the election upset
- June 10, 2017
The pound slumped two per cent against the dollar once the exit poll pointed to a hung parliament yesterday, and has been trading through the night at around $1.26, its lowest level since the election was called in April. Kathleen Brooks, research director at City Index, said: "Perhaps the market is looking at this result as a vote for a softer Brexit, which could boost the pound in the long run". (more...)
- June 10, 2017
The pound slumped two per cent against the dollar once the exit poll pointed to a hung parliament yesterday, and has been trading through the night at around $1.26, its lowest level since the election was called in April. Kathleen Brooks, research director at City Index, said: "Perhaps the market is looking at this result as a vote for a softer Brexit, which could boost the pound in the long run". (more...)
McCain says his confusing questions resulted from tiredness
- June 10, 2017
Comey again tried to explain that he only discussed the findings of the Clinton investigation after it was completed. COMEY: "As of July the 5th, the Federal Bureau of Investigation completed its investigative work and that's what I was announcing, what we had done and what we had found". (more...)
- June 10, 2017
Comey again tried to explain that he only discussed the findings of the Clinton investigation after it was completed. COMEY: "As of July the 5th, the Federal Bureau of Investigation completed its investigative work and that's what I was announcing, what we had done and what we had found". (more...)
Theresa May set to form the government
- June 10, 2017
Theresa May , U.K. prime minister and leader of the Conservative Party , leaves the Conservative Party campaign headquarters in London Friday. She added: "As I reflect on the result, I will reflect on what we need to do in the future to take the party forward". (more...)
- June 10, 2017
Theresa May , U.K. prime minister and leader of the Conservative Party , leaves the Conservative Party campaign headquarters in London Friday. She added: "As I reflect on the result, I will reflect on what we need to do in the future to take the party forward". (more...)
Prosecutors rest their case in Bill Cosby's sexual-assault trial
- June 10, 2017
The excerpts read to jurors Friday were part of a prosecution bid to leave a lasting impression on the panel of seven men and five women as they absorbed a week's worth of testimony and evidence. He never told her what the pills were. Constand, 44, is a former director of operations for Temple University women's basketball and Cosby was a Temple trustee. (more...)
- June 10, 2017
The excerpts read to jurors Friday were part of a prosecution bid to leave a lasting impression on the panel of seven men and five women as they absorbed a week's worth of testimony and evidence. He never told her what the pills were. Constand, 44, is a former director of operations for Temple University women's basketball and Cosby was a Temple trustee. (more...)
Latest news
UK PM Theresa May says open to longer post-Brexit transition