Markets


Gold sits tight as investors wait for U.S. rate hike clues Gold sits tight as investors wait for U.S. rate hike clues
- August 24, 2016

Govett said in a Monday email. The Fed is close to hitting its targets for full employment and 2 per cent inflation, the Fed's No. 2 policymaker Stanley Fischer said on Sunday. The market is also looking ahead to Friday, when Federal Reserve Chairwoman Janet Yellen is scheduled to speak at a monetary-policy conference in Jackson Hole, Wyo. (more...)
Macy's closing 100 stores nationwide, locations unknown
- August 24, 2016

The company, with executive offices in Cincinnati and NY, logged $27 billion in revenue a year ago. "We operate in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage as a preferred shopping destination for fashion, quality, value and convenience, " said Macy's Chairman/CEO Terry J. (more...)
In Turkey, Biden aims to mend wobbly ties to key NATO ally
- August 24, 2016

The U.S.is sending a Justice Department team to Turkey to help sort out the technical requirements of the request, said the officials, who briefed reporters ahead of Biden's trip on condition of anonymity. He comes bearing no assurances that the United States will agree to Turkey's demand that it extradite Fethullah Gulen, who lives in Pennsylvania. Biden will meet with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday. (more...)
Maha, Telangana sign pact for inter-state irrigation projects Maha, Telangana sign pact for inter-state irrigation projects
- August 24, 2016

The meeting was also attended by irrigation ministers of Telangana and Maharashtra T Harish Rao and Girish Mahajan, finance ministers Etela Rajender and Sudhir Mangatrai, Union minister of state (Home) Hansraj Gangaram, deputy chief minister Md Mahmood Ali, chief secretary Rajiv Sharma, special chief secretary (irrigation) SK Joshi and others. (more...)
Trump says he's not flip-flopping on immigration plan
- August 24, 2016

Trump has called for "extreme vetting" of immigrants seeking admission to the United States. The same day, the Republican presidential nominee will attend a big-dollar fundraiser in Aspen that includes the option for a VIP meeting with Trump for donors who contribute $25,000 or more. (more...)
Urjit Patel named RBI governor, Indian rupee suffers hit
- August 24, 2016

During his time as deputy governor, Patel had headed a panel that recommended landmark changes to monetary policy in India, including a switch to inflation-targeting and the creation of a committee to set interest rates. Dr Patel also has corporate experience under this belt. Patel worked closely with several central and state government committees - especially those on direct taxes, market studies, anti-trust laws, Prime Minister's Task Force on Infrastructure and sectors like telecom, ... (more...)
More firefighters head to Yellowstone More firefighters head to Yellowstone
- August 24, 2016

The blazes all erupted on Sunday, stoked by extremely hot, dry weather and gusty winds. Inside the castle, the museum collections and curatorial staff also covered windows and placed towels along door frames to prevent smoke damage, Rob Chambers, a State Parks supervising ranger, told the Chronicle. (more...)
U.S. Dollar Declines as Investor Await Fed Chairwoman Speech
- August 24, 2016

That compared to six in June, showing growing confidence among Fed policymakers in the US economic outlook. "Ever so slowly, the market does seem to be reluctantly acknowledging the chorus of senior Fed speakers who have suggested recently that a 2016 rate hike is still quite probable and September is "live", wrote analysts at ANZ in a note. (more...)
Goldman Sees Possible OPEC Output Freeze as Self-Defeating Goldman Sees Possible OPEC Output Freeze as Self-Defeating
- August 24, 2016

Oil prices continued to fall on Tuesday and may struggle to climb back over $50 a barrel for another year, Goldman Sachs has warned. Oil prices rose on Tuesday after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market, before the market pared gains on trade data showing a surprise build in USA crude stocks. (more...)
Wild officially change goal song to Prince's 'Let's Go Crazy' Wild officially change goal song to Prince's 'Let's Go Crazy'
- August 24, 2016

While it was only going to be used for that game, the response to the song was so strong that the team had to at least consider making the change permanent. In tribute to late singer Prince, who passed away back in April during the Wild's playoff run, Minnesota will start the season with "Let's Go Crazy" as their new goal song. (more...)
DOJ to End Use of Private Prisons
- August 24, 2016

But reports from the industry-leading Corrections Corporation of America and The GEO Group suggest they will continue to have significant business. With only two exceptions - positive drug tests and sexual misconduct - the contract prisons had a worse track record than the government-run Bureau of Prisons facilities. (more...)
Team GB Set For Heroes' Welcome After Historic Rio Olympics Team GB Set For Heroes' Welcome After Historic Rio Olympics
- August 24, 2016

She said :"I think the lovely thing is that the London Games were undoubtedly embraced by the nation". "It has felt like it's been a tough year for the country and the good thing about sport is that it unites the country with some good news, for a short time at least". (more...)
Beer mega merger: what court ruling means for troubled deal Beer mega merger: what court ruling means for troubled deal
- August 24, 2016

SABMiller's board has in principle accepted the deal, which would create a company controlling almost a third of the global beer market. AB InBev sweetened its offer in July after several shareholders, including activist hedge funds, pressured SABMiller to seek a new deal. (more...)
Global Helicopters Industry 2016 Market Research Report
- August 24, 2016

The study assess new product and service positioning strategies in the Global Embedded Processors market. The report also estimates 2016 - 2021 market development trends of Toner industry. Players in the Global Degreaser market are aiming to expand their operations to emerging regions. The total market is further divided by company, by country , and by application or type for the competitive landscape analysis. (more...)
Oil hits three-month low on supply glut Oil hits three-month low on supply glut
- August 24, 2016

Falling oil prices have be predictably bad for exchange-traded products such as the United States Oil Fund (USO) and the VelocityShares 3x Long Crude Oil exchange-traded note (UWTI), own 16% and 42% over the past month, respectively. "US production still is still a million barrels below where we peaked a year ago", said McGillian. Oil companies have also reported lower earnings lately, hit by weak refining margins. (more...)
Cholera spread through Haiti from United Nations base Cholera spread through Haiti from United Nations base
- August 24, 2016

On Thursday, the United Nations has had a sudden shift in attitude. The UN is not saying that it caused the epidemic . But its acceptance of some responsibility, first reported by the New York Times , was welcomed by lawyers representing Haitian cholera victims. (more...)
South Africa's finance minister told to report to police South Africa's finance minister told to report to police
- August 24, 2016

This move is not wholly unexpected, after Gordhan replied to a list of 27 questions that the Hawks head Lieutenant-General Mthandazo Ntlemeza personally delivered to the Minister in February. Van Loggerenberg, Pillay and Lackay declined to comment on the matter, the DM said. He went on to urge South African's to "protect the integrity of the treasury" in a public statement in May, outlining the vast pressure that he and his family were under with ongoing reports of his imminent arrest. (more...)
2 girls dead, mother survived when truck plunges into river 2 girls dead, mother survived when truck plunges into river
- August 24, 2016

Their names have not been released. Harry Kenney and his wife were watching birds in the river Tuesday morning when the accident occurred. Emergency crews responded to the scene quickly, Kenney said. But they could not get to them in time. The girls' mother, a 32-year-old Jenner resident, was driving her Ford F-250 about 35 miles per hour when it began to slide on the wet road along a curve on the southbound side of the highway, said Officer Jonathan Sloat, a CHP spokesman. (more...)
After one week, Iran boots Russian Federation from air base
- August 24, 2016

State Department spokesman Mark Toner said the U.S.is closely monitoring the cooperation between Russian Federation and Iran and "it's not clear to us ... Hossein Dehghan was quoted by State TV website Monday, Aug. 22, 2016, as saying an announcement by Russian Federation on using an Iranian airbase to attack Syrian militants was "a kind of show off and ungentlemanly". (more...)
Qantas profit soars to $1.03bn after overhaul Qantas profit soars to $1.03bn after overhaul
- August 24, 2016

Australia's national carrier Qantas has posted record annual profits of A$1.42bn ($1.1bn, £820m) almost doubling last year's result. Underlying profit came in at $1.53 billion, in line with expectations, compared with $975 million in the previous financial year. (more...)

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