Markets


World stocks gains as oil rises, dollar falls
- August 22, 2016

The Fed left rates unchanged at its last meeting in July but said near-term risks to the economy had diminished, leaving the door open for a possible rate hike this year. Thursday's session was the quietest across Europe's stock exchanges in almost three months, according to Thomson Reuters data. In Asia, Japan's Nikkei (Nihon Keizai Shinbun:.N225) closed 1.55 percent lower on Thursday, while in China the Shanghai Composite (Shanghai Stock Exchange:.SSEC) closed 0.17 percent lower. (more...)
Over 80000 warned to evacuate raging California wildfire
- August 22, 2016

Impeded by treacherous terrain, hot, dry, windy weather and the ferocious nature of the blaze itself, almost 1,600 firefighters have so far managed to carve containment lines around just 4 per cent of the fire zone, authorities said. Cars destroyed in the Clayton Fire are seen in Lower Lake, California, Aug. 15, 2016. A report issued last week concluded that faulty wiring in a hot tub ignited the fire. (more...)
Fed close to hitting job and inflation targets: Fischer
- August 22, 2016

Oil prices were mixed, with Brent crude ending lower and WTI light crude rising to post its biggest weekly gain since March. The dollar extended gains against the yen and euro on Monday as U.S. All major sectors in Europe were in the red. A gauge of stock markets around the world fell 0.4 per cent. The remarks left the odds of a Fed hike this year at little better than a coin toss, signaling traders remain skeptical that USA policy will diverge further in coming months from Japan and ... (more...)
Clinton Unveils Economic Plan, Derides Trump's Tax Cut Proposal Clinton Unveils Economic Plan, Derides Trump's Tax Cut Proposal
- August 22, 2016

A new Reuters/Ipsos poll taken August 5-8 - before Trump's latest controversy - showed that almost one-fifth of 396 registered Republicans said they want Trump to drop out of the race and another 10 percent said they "don't know" whether the Republican nominee should or not. (more...)
Com announces it is shutting down
- August 22, 2016

Three months after Hogan won his suit, Gawker Media filed for bankruptcy. Univision essentially rescued the company from the gutter, giving other websites under the Gawker Media banner a second chance. Media reports had said , including one on Gawker.com itself, that the site's fate was unclear. Gawker Media's six other sites - which include Jezebel , Gizmodo and Deadspin - will remain online. (more...)
Urjit Patel named new RBI Governor
- August 22, 2016

Now deputy governor at the Reserve Bank of India (RBI), Urjit Patel will take the helm on September 4 for a three-year term, with a possible two-year extension. The move, which provides for a margin of plus or minus 2 per cent in this target thus fixing the upper tolerance level at 6 per cent till 2021, is being seen as government putting the seal on outgoing Governor's inflation-first model of monetary policy. (more...)
Americans extend medal count to 27 in Olympic track meet
- August 22, 2016

The 19-year-old from Newark would be a big story for USA Boxing if he comes away with a gold . Never bashful, Matthew Centrowitz always believed he could win at the Olympics . After the disqualification, the bronze went to Canada. The women clocked a time of 41.01 seconds; rival team Jamaica came in at 41.36 and Great Britain won the bronze medal in 41.77. (more...)
No injuries after train carrying coal derails in Texas No injuries after train carrying coal derails in Texas
- August 22, 2016

Sandy Pettigrew, police spokeswoman. Police officers responding to the emergency said they had observed some 20 railcars derailed, with five plunged into Denton Creek. Union Pacific officials were at the scene investigating the derailment Sunday night. Some of those cars fell into a creek below a bridge. The train was transporting coal, but not hazardous materials. (more...)
Sprint undercuts T-Mobile with own unlimited data offer Sprint undercuts T-Mobile with own unlimited data offer
- August 22, 2016

Adding more phone lines lowers that price. T-Mobile sent notices to the media on Wednesday letting us know that a big announcement was coming on Thursday morning, and the buildup continued all day as T-Mobile executives teased a "big secret" that would be "huge". (more...)
Fiji honour Olympic sevens coach Fiji honour Olympic sevens coach
- August 22, 2016

Fans were asked not to greet the team at the airport and instead lined the streets or waited in their thousands at Prince Charles Park where an official welcome ceremony took place. "We have limited resources but we are determined and unbeatable especially when we play effectively as a team". "And the boys here have a real chance to do all those things, to have that responsibility, to add value, to inspire, not just in sport, but in every area of life where Fijians can stand tall", the proud ... (more...)
India has a role to play in combating terror: Assad India has a role to play in combating terror: Assad
- August 22, 2016

State media reports in both countries quoted sources as saying New Delhi and Damascus have reasserted their rejection of "foreign interference in the internal affairs of states". Mr Assad noted that India had played a key role as an emerging global power in tackling the challenge of terrorism. "As a growing power, India has a role to play in meeting the challenge of terrorism", Assad said. (more...)
International Olympic Committee not yet informed about charges in Hickey ticket case
- August 22, 2016

Police only began questioning Hickey on Thursday because he was hospitalized for a day with chest pains following his arrest. And he said the Olympic Council of Ireland (OCI) will have to to co-operate with an independent inquiry. Mr Ross said that the situation had moved a long way since his meeting with Mr Hickey on Monday. The IOC said it "respectfully takes note" of Hickey's decision to step aside from his Olympic roles. (more...)
Pfizer nears $14 billion deal for Medivation Pfizer nears $14 billion deal for Medivation
- August 22, 2016

Medivation's shares closed at $67.16 on Friday, giving it a market value of $11.1 billion. Apart from Sanofi, American companies such as Celgene and Gilead Sciences are also believed to have submitted expressions of interest to acquire Medivation. (more...)
Fed close to hitting job and inflation targets: Stanley Fischer Fed close to hitting job and inflation targets: Stanley Fischer
- August 22, 2016

He did not mention interest rates, but the remarks are likely to fuel debate about when they may rise. In comments prepared for The Aspen Institute's "Program on the World Economy", Fischer said employment has "increased impressively" since a 2010 low after the national financial crisis, and the unemployment rate has hovered near 5% for the a year ago. (more...)
Mo Farah Clinches Second Rio Gold For Team GB Mo Farah Clinches Second Rio Gold For Team GB
- August 22, 2016

Following that arrest, British Athletics claimed that Aden had worked as an "unofficial facilitator" for Farah in 2015, but all he had done was "hold a stopwatch"; however, around the same time, a picture emerged of Farah sitting alongside Aden while training in Ethiopia earlier this year. (more...)
Trump's plans to deport illegal immigrants 'to be determined': aide
- August 22, 2016

He has since promised to deport the 11 million people living in this country illegally (not all of them are Mexican, but that's where his focus has been), and build a wall on the border between the us and Mexico to keep them out. Even though Trump never actually uttered the word "legalization" during the Saturday meeting, BuzzFeed claims "sources in the room said they feel it is the direction the campaign is going ". (more...)
NASCAR Bristol night race postponed until Sunday afternoon NASCAR Bristol night race postponed until Sunday afternoon
- August 22, 2016

The race was supposed to finish Saturday night, but persistent storms halted it three times. The 8 p.m. start was delayed more than an hour, then the race was red-flagged for almost 90 minutes after 38 laps. Harvick capitalized on the misfortune of several challengers to take command then pulled away over the final 40 laps to score his second win of the season and first at Bristol since 2005. (more...)
Trump meets National Hispanic Advisory Council in NY
- August 22, 2016

Earlier this week, Trump reshuffled his campaign leadership while his campaign chief, Paul Manafort , faced increased scrutiny over his work with pro-Russian political groups in the Ukraine. That type of one-on-one interaction with voters is a staple of most political campaigning, yet something Trump had mostly avoided in favor of large rallies. (more...)
U.S. beats France 86-67, advances to women's basketball final U.S. beats France 86-67, advances to women's basketball final
- August 22, 2016

RIO DE JANEIRO - U.S. boxer Shakur Stevenson reached the Olympic bantamweight final Thursday after his Russian semifinal opponent was unable to fight because of an injury, marking the first time since 2004 that an American fighter will be in a gold medal match. (more...)
Delle Donne and Team USA dominate in Olympic prelim round Delle Donne and Team USA dominate in Olympic prelim round
- August 22, 2016

Sue Bird had eight of the team's U.S. record 36 assists. "We're not easy to deal with obviously", said USA coach Geno Auriemma. "Especially in the first half we shot the lights out, we shot great". Elena Delle Donne and Brittney Griner are also first time Olympians making an impact for the United States. "It didn't look at all like there was any sign of nervousness or tentativeness or deferring to the other players". (more...)

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