Markets


Turkey not sure if wedding party bomber a child Turkey not sure if wedding party bomber a child
- August 23, 2016

Hurriyet newspaper said the type of bomb, which contained scraps of metal, was similar to those used in previous attacks on pro-Kurdish gatherings. The attack on Saturday in Gaziantep is proof that while Syria bleeds profusely, the spillover into Turkey is very real and seems to be largely uncontainable. (more...)
Trump proposes 'extreme vetting' of immigrants
- August 23, 2016

Explaining why he favored such a policy, he cited the French experience as an example. During his speech in Youngstown, Ohio , Trump called for working "very closely with North Atlantic Treaty Organisation", describing radical Islamic terrorism as the dominant global threat and one that must be confronted at all levels. (more...)
Court Rules Against Gold Mining Technique
- August 23, 2016

The Burlingame-based California Teachers Association and Burbank-based California Federation of Teachers were allowed to join the case as parties defending the laws, which the unions said encourage veteran teachers to stay in the profession and young people to join it. (more...)
Urjit Patel named as next RBI Governor Urjit Patel named as next RBI Governor
- August 23, 2016

Rajan was also appointed for a period of three years, which has been the case for most Governors so far. Globally acclaimed economist Jagdish Bhagwati today hailed the appointment of Urjit Patel as the next RBI Governor as "terrific choice", saying he is an ideal person to head the central bank. (more...)
USA stocks waver narrowly after Fed minutes
- August 23, 2016

The Philly Fed said its diffusion index for current general activity climbed to a positive 2.0 in August from a negative 2.9 in July, with a positive reading indicating growth in regional manufacturing activity. That pushed the dollar downward, erasing its early, tepid gains. "So these minutes don't support an interest rate increase sooner rather than later and therefore I think the dollar is going to continue to falter a bit here". (more...)
Global stocks, oil turn lower ahead of Fed meeting
- August 23, 2016

Oil prices fell more than 3 percent on supply worries, while U.S. Treasuries rose and stocks flattened on Monday as markets awaited more clarity later this week from the Federal Reserve on when it might raise U.S. New York Fed President William Dudley said last week a rate hike would be possible at the Fed's next policy meeting in September. About 71% of 62 economists surveyed by the Wall Street Journal earlier this month said the Fed will wait for its December 13-14 meeting. (more...)
Canada chain buys US retailer for $3.67bn Canada chain buys US retailer for $3.67bn
- August 23, 2016

Couche-Tard will offer CST Brands shareholders $48.53 per share in cash, a premium of 2.15 percent to the stock's Friday close. Canada's main stock index rose on Monday as Alimentation Couche-Tard Inc jumped after the convenience store operator bought a US chain in an expansion move and drugmaker Valeant Pharmaceuticals rose after it hired a new chief financial officer. (more...)
Tokyo stocks open higher on weaker yen
- August 23, 2016

Federal Reserve chair person Janet Yellen will speak at the annual mountain retreat meeting of central bankers on Friday, and markets will be watching closely for comments on the US economy. "If the August employment report , scheduled for release on Sept. 2, is solid, then we expect the Fed to raise rates at its September meeting", said Michael Gapen, chief USA economist at Barclays. (more...)
Asian stocks mixed ahead of Fed meeting
- August 23, 2016

The Dow Jones industrial average fell 74 points, or 0.4 percent, to 18,478. Pfizer is buying Medivation for its heavily used prostate cancer drug Xtandi, which generates roughly $2 billion in sales a year. "But we have to wait for (Fed Chair) Janet Yellen's comments (at Jackson Hole) and if they are dovish then we could see the dollar come back under pressure". (more...)
TSX gains after Couche-Tard deal, Valeant post
- August 23, 2016

Even by selling some Canadian assets, the company would be the largest player in the US-Canadian Market convenience store. Desjardins analyst Keith Howlett warned last week that Couche-Tard's then-reported pursuit CST takeover could present regulatory hurdles. (more...)
Montana Officials Close Yellowstone River To Fight Fish-Killing Parasite Montana Officials Close Yellowstone River To Fight Fish-Killing Parasite
- August 23, 2016

Water activities such as fishing, boating, wading and floating have also been prohibited. Although crews are assessing the Yellowstone River and tributaries at this time, no dead/infected fish have turned up in Park boundaries. Unfortunately, there are signs the parasite is also beginning to kill off Yellowstone Cutthroat Trout and Rainbow Trout, as well. The closure area stretches from the northern boundary of Yellowstone National Park at Gardiner, downstream to Laurel. (more...)
Tyra Banks is going to teach at Stanford Tyra Banks is going to teach at Stanford
- August 23, 2016

Tyra Banks will share the wisdom she's gained from decades of being a business-savvy fashionista with college students at Stanford University next year. Prospective students were also made aware that portions of the class could be streamed on Facebook Live and presentations will be uploaded to YouTube. (more...)
Night Tube begins in London after year-long delay Night Tube begins in London after year-long delay
- August 23, 2016

The new service will see the Victoria and Central lines run all night on Fridays and Saturdays. Arriving a year later than the date pledged by London's former mayor, Boris Johnson, and limited initially to just two of the 11 lines , the new service was trumpeted on Friday by Johnson's successor, Sadiq Khan, who said that passengers would include nurses, security guards, tourists and even "a middle-aged clubber like me coming home after a late night out with your missus". (more...)
Brexit uncertainty to hit United Kingdom house prices Brexit uncertainty to hit United Kingdom house prices
- August 23, 2016

It is forecasting that house prices will only rise 2 per cent this year, compared to growth of 6.5 per cent in 2015 and 8.5 per cent in 2014. Across the United Kingdom, price growth is expected to slow to two per cent this year - down from 6.5 per cent last year - and then drop by one per cent in 2017 before increasing by two per cent in 2018. (more...)
Southern California wildfire evacuees allowed to return home
- August 23, 2016

That blaze, which killed one, injured three and destroyed 57 homes, was 60% contained as of Sunday and continued to prove a challenge for firefighters due to rugged and inaccessible terrain along the fire's eastern edge. The Santores were out running an errand when the fire broke out and were unable to return to save anything. Four dogs, six cats and a hamster were left behind. (more...)
Won rises with ringgit as Fed minutes temper rate increase bets Won rises with ringgit as Fed minutes temper rate increase bets
- August 23, 2016

Two Fed officials pushed for a rate hike in July, according to the minutes from the Federal Open Market Committee's meeting last month. "The market's take on the FOMC minutes is to read them in a somewhat more dovish fashion on the view that the Fed seems too divided to raise rates anytime soon", said Alan Ruskin, global head of FX strategy at Deutsche Bank in NY. (more...)
Lochte admits he 'over-exaggerated' Rio robbery story
- August 23, 2016

Lochte issued an apology for the incident on Friday, Aug. 19, saying he was sorry for not being more "careful and candid". "I over-exaggerated that story". "All we know is there was a gun pointed in our direction and we were demanded to give money". But back in the US, he recounted his story again to NBC News, this time changing some of the details. (more...)
Team USA is an under-achieving National Basketball Association superstar's dream
- August 23, 2016

Kyrie Irving , Kevin Durant, Harrison Barnes enjoy a laugh on the bench. It's a time of transition for both the U.S. Olympic team and worldwide basketball and it starts, as usual, with the Americans on top. "But I don't know if I'll play or not", Durant said. Kevin Durant and Jimmy Butler seem happy. This was just the latest American team to carry its torch, the 2016 team that had been spooked by Australia (98-88), Serbia (94-91) and France (100-97) in the Rio Games and was in ... (more...)
Valeant Pharmaceuticals names new CFO amid turmoil Valeant Pharmaceuticals names new CFO amid turmoil
- August 23, 2016

Mr. Herendeen is a veteran of the drug industry, and was also CFO of drugmaker Warner Chilcott PLC, which he helped sell to Actavis Inc.in 2013. Nevertheless, on 18 August the company was able to negotiate easier terms on its debt covenants for a second time, thus reducing the risk of a possible bankruptcy. (more...)
Kobe Bryant Is Launching $100 Million Venture Capital Fund Kobe Bryant Is Launching $100 Million Venture Capital Fund
- August 23, 2016

It's now unknown how well the 15 investments that Kobe Bryant and Jeff Stibel have made are performing . It remains to be seen which companies will get investments from Bryant Stibel in the near term. When Sacca asked why, Bryant-who was drafted 13th overall in the 1996 NBA Draft-replied, "Can you believe they drafted 12 other motherfuckers before me?" In a feature by Darren Heitner (Heitner Legal), Kobe Bryant hopes that future retirees of the sport find their "off-the-court ... (more...)

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