Markets


Opel to cut workers' shifts as Brexit slows sales Opel to cut workers' shifts as Brexit slows sales
- August 23, 2016

The decision to leave was followed by a fall in the pound, making imported vehicles more expensive and giving United Kingdom exporters a boost. The country is the biggest market for both models, which are sold under the Vauxhall brand. Another German auto giant - Volkswagen - has also introduced short-time working ("Kurzarbeit") at several factories, but not because of Brexit. Volkswagen is cutting production across the nation because of slow deliveries from component firms, with about ... (more...)
Moore leads John Deere after three rounds
- August 23, 2016

Martin's 62 tied his best round on the PGA Tour. Moore, 33, closed with a final round 67 for a 22 under tournament total of 262. Wesley Bryan took the lead in the rain-delayed John Deere Classic on Friday at Silvis, Ill ., five days after earning a PGA Tour card with his third Web.com Tour victory of the year. (more...)
MPs to confront Chancellor over Help to Buy Isas MPs to confront Chancellor over Help to Buy Isas
- August 23, 2016

The flagship accounts were launched by the Treasury previous year to let first-time buyers save up to £12,000 tax-free and receive a 25pc Government bonus of up to £3,000, as a way of getting "Generation Rent" on to the housing ladder. "Isa providers should be making it absolutely clear that bonus payments will not be available at exchange". However, The Telegraph reported this information was only made more prominent after it contacted the Treasury regarding the issue. (more...)
Endwell Plays Tennesee Today in Little League World Series Following Rainout Endwell Plays Tennesee Today in Little League World Series Following Rainout
- August 23, 2016

The Maine-Endwell Little Leaguer team had no idea they'd be getting a pep talk from the most powerful man in baseball on Monday. 8 p.m., ESPN - Little League: Johnston (Iowa) vs. Park View is now scheduled to play an elimination game Tuesday against the loser of today's planned game between the all-star teams from the Maine-Endwell Little League of Endwell, New York, the Mid-Atlantic Region champion, and the Goodlettsville Baseball Little League of Goodlettsville, Tennessee, the Southeast ... (more...)
Cisco Confirms Major Jobs Cull, Despite Profit Growth Cisco Confirms Major Jobs Cull, Despite Profit Growth
- August 23, 2016

Cisco Systems said Wednesday that it will cut approximately 5,500 jobs as part of a restructuring plan that the networking company said was necessary to help it focus more on high-growth areas such at security and cloud technologies. Revenue fell to $US12.64 billion from $US12.84 billion. Revenues however declined 2 percent to $12.6bn (£9.6bn) from $12.8bn (£9.7bn) a year ago. Yesterday, the company came under the limelight as it announced that it has made a decision to lay off as many as ... (more...)
United States election: Questions over Trump deportation plan United States election: Questions over Trump deportation plan
- August 23, 2016

Jeff Sessions [R-Ala.], who was one of the first to endorse Donald Trump and is known for the immigration issue, he doesn't deport 11 million people in his plan", Conway said on CNBC on Monday. Trump hasn't always been an immigration warrior, calling Romney's 2012 self-deportation plan for illegal immigrants "mean-spirited". "She's back at it today", Conway said. (more...)
Dollar drops after Federal Reserve meeting Dollar drops after Federal Reserve meeting
- August 23, 2016

Federal Reserve officials have gone out of their way this week to stress the market is underestimating the odds of an interest-rate increase this year - and yet the probability of such a move has fallen back below 50 percent. The euro was 0.3 percent higher at US$1.1320, having hit a seven-week high of US$1.13285 while even the struggling British pound was trading well above US$1.30. (more...)
Speedo USA, Ralph Lauren Among Companies Dropping Lochte Amid False Robbery Claims
- August 23, 2016

The gold medallist's other major sponsors are Airweave and Polo Ralph Lauren , and he is believed to have earned around $15m through endorsements during a career in which he has won six gold medals over four Olympics. "They (the people of Rio) put on a great Games". Cutting ties with the radioactive Lochte comes as no surprise following the week-long saga with Lochte and three other swimmers being questioned by Rio authorities after allegedly being robbed at gunpoint. (more...)
European stocks open higher as investors digest Fed minutes
- August 23, 2016

The minutes followed close on the heels of remarks from two Fed officials the previous day, the presidents of the Federal Reserve banks of Atlanta and NY, signalling that there was scope for at least one more rate hike in 2016. "A lot of people expected a bit of hawkishness there". U.S. WTI crude prices gained 0.6 percent to $46.85, the highest since July 12. Cisco was off 1.7 percent at $30.20 in light trading, after the company reported a 1.6 percent drop in revenue and said it would ... (more...)
Mihajlovic la prende con ironia: "Donnarumma? Se avessi saputo…"
- August 23, 2016

La squadra di Mihajlovic non demorde e prova a impensierire il portiere rossonero. Difesa del Torino da rivedere in occasione della rete dell'attaccante colombiano. Baselli e Benassi restano in dubbio, mentre Martinez dovrebbe giocare al posto di Iago Falque, ai box per problemi fisici. Poi, l'incredibile salvataggio di Donnarumma su Belotti dal dischetto. (more...)
After Assam, Bihar and Jharkhand, Himachal Pradesh passes GST bill After Assam, Bihar and Jharkhand, Himachal Pradesh passes GST bill
- August 23, 2016

The minister was replying to a demand made by Ashish Shelar, Mumbai BJP unit president, to bring the proposed GST rate at 17 per cent. Leasing companies have welcomed the Indian government's decision to replace existing multiple indirect taxes with a uniform Goods and Service tax ( GST ) which will apply across the country, in a bid to create one single market. (more...)
Man arrested for 5-year-olds death Man arrested for 5-year-olds death
- August 23, 2016

The news of Alayna's death has devastated people in her hometown of Watkins. Just before 4:30 p.m., K-9s found Anderson in woods about a quarter mile from a cabin on the property. The white GMC Sierra truck belonging to the girls father was also missing with his cell phone inside. Authorities pinged Matt Ertl's cellphone at 9 a.m., since it had been in his truck when it was allegedly taken, but the device was turned off shortly thereafter, cops said. (more...)
Approach of Shenzhen-Hong Kong stock trading to shake up markets
- August 23, 2016

The China Securities Regulatory Commission said it won't impose an aggregate quota when trading starts between Shenzhen and Hong Kong exchanges, and the total cap will be removed for the existing Shanghai equivalent. He said over the next three to four months, the stock exchange would conduct technical preparations and testing, update regulations and raise investor awareness, and then await the announcement of a launch date from regulators. (more...)
Wall St. declines as oil prices drop; Fed in focus
- August 23, 2016

ET, 3 basis points lower than Friday's close, according to Tradeweb. Major stock markets and the price of oil turned lower on Monday as investors looked ahead to the Fed's meeting in Jackson Hole, Wyoming, for clues on timing for possible interest rate hikes. (more...)
Regime planes over Syria's Hasakeh despite US warning: monitor
- August 23, 2016

Thursday, in fact, was the first time American fighter aircraft were scrambled in response to a Syrian government attack against the anti-terrorist Kurdish YPG - also known as the People's Protection Units - which operates in the north. For most of the war, the YPG and the Syrian government have managed to make tacit agreements and avoid direct conflict. While he would not specify from where the US aircraft were launched, the United States maintains a contingent of F-15 fighter jets at ... (more...)
Canada attack suspect previously told to stay away from terror groups Canada attack suspect previously told to stay away from terror groups
- August 23, 2016

Driver was shot to death after he detonated a device that wounded himself and one other person. The sources declined to be identified as they did not have permission to speak to media. TTC spokesman Brad Ross said there was no specific threat made and there was nothing to indicate the transport agency was a target, but the TTC sent out a "vigilance notice" to all of its employees. (more...)
Aetna CEO warned it would cut Obamacare if Humana deal was blocked
- August 23, 2016

Sabrina Corlette , a research professor with the Georgetown Health Policy Institute, said It may still take a few more years for exchange participation to settle and the government may have to change some of the market rules. The Kentucky Department of Insurance has approved 2017 insurance rate increases of up to 22.9 percent for Anthem Health Plans and up to 27.9 percent for Baptist Health Plan customers, among others. (more...)
New Zealand Dollar Gains as RBNZ's Wheeler Cools Rate Cut Bets New Zealand Dollar Gains as RBNZ's Wheeler Cools Rate Cut Bets
- August 23, 2016

Flexible inflation targeting was the still the best way to conduct monetary policy in New Zealand, he said. It bought 72.90 cents at 10:37 a.m.in Wellington. "A review needs to consider widening the focus of the Bank to take factors such as the exchange rate, employment, wages and the overall health of the economy into account when setting the OCR and making its policy decisions". (more...)
Trump campaign manager: Forced deportation 'to be determined' Trump campaign manager: Forced deportation 'to be determined'
- August 23, 2016

He became the first big-name out-of-state politician to show up in Louisiana to draw attention to historic flooding there, heading to the state before President Obama had even announced a visit. Cracking down on illegal immigration has been a centerpiece of Trump's campaign from the start-a blueprint he released in August 2015, which remains on his website , proposes to build a wall on the Mexican border, ramp up border enforcement and curtail legal immigration programs. (more...)
Joao Havelange, ex-president of FIFA, dies at age 100 Joao Havelange, ex-president of FIFA, dies at age 100
- August 23, 2016

The current Federation Internationale de Football Association president, Gianni Infantino, expressed thanks to Havelange in a short statement that focused only on his achievements, while Andrew Jennings, the British journalist who uncovered the ISL scandal, posted a message on Twitter which said: "Havelange was a gangster - urbane but still a gangster". (more...)

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