Markets


No judicial solution to unrest, says SC No judicial solution to unrest, says SC
- August 23, 2016

There is only a political solution to the law and order problem which keeps recurring in Jammu and Kashmir and there is no point rushing to the Supreme Court seeking some relief, a Chief Justice TS Thakur-led bench told National Panthers Party President and advocate Bhim Singh. (more...)
Jaitley appeals to youth in Kashmir to shun violence Jaitley appeals to youth in Kashmir to shun violence
- August 23, 2016

Thakur, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud. Congress spokesperson Manish Tewari said, "The essence of finance minister's statement is that there is no political problem in J&K... "Due to persistent efforts of the security forces/Jammu and Kashmir Police, the situation has shown remarkable improvement, with the number of incidents declining progressively since the outbreak of violent protests and clashes". (more...)
Asia stocks edge up, dollar dips as markets await Fed clues Asia stocks edge up, dollar dips as markets await Fed clues
- August 23, 2016

The IHS Markit/Nikkei Japan Flash PMI rose to 49.6 in August from a final 49.3 in July. More flash surveys are due from Europe and the United States later in the day. U.S. West Texas Intermediate (WTI) crude's front-month contract, September, closed down $1.47, or 3 percent, at $47.05 before expiring. On Wall Street, the Dow .dji ended Monday down 0.12 percent, while the S&P 500 .spx lost 0.06 percent and the Nasdaq .ixic added 0.12 percent. (more...)
Wal-Mart weakness means gains for Canadian grocers: Desjardins
- August 23, 2016

The Walmart U.S. segment operates retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. Net sales grew 0.1 percent from a year ago to $119.41 billion, while membership and other income climbed 61.2 percent to $1.45 billion. Earnings of $1.21 per share blew past estimates of $1.02, according to S&P Global Market Intelligence. (more...)
Carter thought he had just weeks to live during cancer fight
- August 23, 2016

He said in March that he no longer needs cancer treatment. "A year ago, I didn't think I was going to live for two or three weeks", Carter said Monday. Carter said that a year ago, doctors had removed part of his liver and had found four places in his brain where he had cancer. At the same time, "I felt that I was thankful, because I've had a remarkably successful life", he said. (more...)
Analyst EPS Forecast Coverage: Wal-Mart Stores (NYSE:WMT)
- August 23, 2016

Over the past 30 days, we have seen two positive estimate revisions for the company's current quarter earnings , which has nudged consensus estimates higher. Sales were up 0.5 percent at $120.9 billion. Wal-Mart's online business grew 12 percent last quarter, an acceleration from the previous period. Beyond its home turf, Wal-Mart's global business chalked up 2.2% underlying sales growth, with the firm posting positive comps in Mexico, Canada, and Brazil. (more...)
Target Cuts Ties With India Textile Company Welspun Over Fake Egyptian Sheets Target Cuts Ties With India Textile Company Welspun Over Fake Egyptian Sheets
- August 23, 2016

Target on Friday announced that it was ending all business with Welspun India after it discovered last month that 750,000 sheets and pillowcases labeled as Egyptian cotton were actually made with another type of cotton. In a filing it said, "We have initiated actions to investigate the root cause". The textile maker-and its shareholders-have reason to be anxious because it has a huge exposure to the U.S. (more...)
Speedo Cancels Its Sponsorship Deal With Ryan Lochte Speedo Cancels Its Sponsorship Deal With Ryan Lochte
- August 23, 2016

Embattled star Olympic swimmer Ryan Lochte lost two major endorsement deals on Monday (Aug 22) following his false claim that he had been robbed at gunpoint in Rio, with Speedo and Ralph Lauren pulling the plug. Lochte and three team mates had in fact damaged a petrol station toilet. That version quickly unraveled when police said the swimmers never reported the incident to authorities and there was scant evidence of a robbery. (more...)
Russian aircraft uses the Iranian base thrice to hit terrorists in Syria Russian aircraft uses the Iranian base thrice to hit terrorists in Syria
- August 23, 2016

Russian Federation confirmed their planes had all left Iran. "It was a particular operation", Iran's Foreign Ministry spokesman Bahram Ghasemi said. Russian Federation and Iran are both providing crucial military support to President Bashar al-Assad against rebels and jihadi fighters in Syria's five-year-old conflict. (more...)
Speedo, Ralph Lauren Drop Olympic Disgrace Lochte Speedo, Ralph Lauren Drop Olympic Disgrace Lochte
- August 23, 2016

When asked about the possibility of being dropped by his sponsors in an interview for NBC, Lochte said that was something he was going to live with. Lochte and three team-mates had in fact damaged a petrol station's toilet door after lying that they were robbed at gunpoint. (more...)
Israel launches 'dozens' of Gaza strikes, draws Turkish ire
- August 23, 2016

An Israeli police sapper carries part of a rocket fired by Palestinian militants in the Gaza Strip from the yard of a house in the city of Sderot, southern Israel, Sunday, August 21, 2016. B'chasdei Hashem there were no fatalities or injuries in the attack as a rocket landed between two homes. The Popular Front for the Liberation of Palestine claimed responsibility, according to reports. (more...)
Quetta hospital blast death toll reaches 74
- August 23, 2016

In January, a suicide bomber killed 15 people outside a polio eradication center in an attack claimed by both the Pakistani Taliban and Jundullah, another Islamist militant group that has pledged allegience to Islamic State in the Middle East. (more...)
Scotland the worst in United Kingdom for gender pay divide
- August 23, 2016

The IFS says: "As women are likely to do less paid work after the arrival of children, the level of labour market experience they have falls further and further behind that of their male counterparts, and the wage gap therefore widens". Most significantly (as we've argued before on this site) the gender wage gap increases gradually after the arrival of children. Once children are born, many women return to work only part-time or stop working altogether. (more...)
Russian Federation uses Iran to strike Syria militants again, rejects USA censure Russian Federation uses Iran to strike Syria militants again, rejects USA censure
- August 23, 2016

The UN Security Council gave no such approval, so using by Russian Federation of the Iranian base for airstrikes in Syria is very controversial activity, said Toner. But while Britain withdrew, Russian Federation refused to leave, sparking the first worldwide rebuke by the nascent U.N. Security Council in 1946. For the second day, Russian warplanes used an airbase in Iran to hit targets in Syria Wednesday in another sign of growing cooperation between Moscow and Tehran to counter USA ... (more...)
Tropical depression moving over the central Atlantic (w/tracking map) Tropical depression moving over the central Atlantic (w/tracking map)
- August 23, 2016

Fiona remains over open waters and is not now a threat to land. As of Thursday afternoon, Tropical Storm Fiona was located around 950 nautical miles west of the Cabo Verde Islands. But forecasters say the storm is no threat to anywhere except to Bermuda. Another tropical wave rolling off the coast of Africa has a low potential of development over the next five days. (more...)
Asian stocks edge up, US dollar dips as markets await Fed clues
- August 23, 2016

United States treasuries had even more conviction, totally discounting the threat of an imminent rate rise and continuing to rally with 30-year yields dropping by 4.9 basis points and the TLT iShares 20+ Year ETF gained 0.8%. Analysts surveyed by Reuters had forecast a 0.1 percent increase. CORPORATE DEALS: Shares in Swiss agrochemicals giant Syngenta jumped about 11 percent after a USA national security panel cleared its acquisition by China National Chemical Corp. (more...)
IEA: 'Massive' stock overhang is capping oil price
- August 23, 2016

Energy Information Administration) released its weekly crude oil inventory report. On Wednesday, OPEC left its 2017 demand outlook unchanged at 95.41 million barrels per day, though that is still up from this year's forecast of 94.26 million barrels per day. (more...)
Granderson Ends Samardzija's No-Hitter, Then Cespedes Homers Granderson Ends Samardzija's No-Hitter, Then Cespedes Homers
- August 23, 2016

Sunday's game marked the first time the Mets had Granderson, Cespedes, Jay Bruce and Neil Walker in the same lineup, but Samardzija nonetheless held the Mets hitless through six innings. Hopefully, allowing the Redskins to get that close to the end zone on the game's first drive is not midseason form for the rest of the defense. In the same way Mets personnel have talked of Yoenis Cespedes' return as being a key to a late surge, a return to form for Noah Syndergaard could be just ... (more...)
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...)
Police mull charges against Ohio woman who plowed into crowd
- August 23, 2016

She indicated to Scharschmidt that another driver was eyeing the parking space she was vacating, and her vehicle was angled toward the dance floor. The 74-year-old woman, who wasn't identified, could face charges including reckless driving, vehicular assault and vehicular homicide, Parma Heights police Sgt. (more...)

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