Markets


Government hopes Urjit Patel will 'rise to occasion', curb inflation
- August 28, 2016

The new RBI governor in waiting Urjit Patel, who will take over on 4 September, is already being hailed as the government's best bet in keeping a tight lid on inflation, much like from outgoing governor Raghuram Rajan. "Further, RBI may continue to stress on the 4 percent target", said A. Prasanna, an economist at ICICI Securities Primary Dealership. "His sense of monetary policy would be keenly awaited". (more...)
Yellen says case for rates rise stronger Yellen says case for rates rise stronger
- August 28, 2016

Expectations for higher interest rates would likely continue a recent trend of investors selling high-dividend payers like utilities and telecoms, in favor of sectors tied to economic expansion like financials and industrials. Kansas City Fed President Esther George yesterday reiterated her call that higher rates are warranted, while Dallas Fed chief Robert Kaplan said "the case is strengthening" for another increase. (more...)
USA pursues Syria cooperation with Russian Federation amid new volatility
- August 28, 2016

United States and Russian Federation on Friday renewed efforts to secure a military and humanitarian cooperation agreement for war-torn Syria. Russian Federation last week gave its blessing to a long-demanded 48-hour pause in fighting in the northern city to allow in aid, but de Mistura on Thursday accused other unspecified parties of still dragging their feet. (more...)
Leader of British movement to leave European Union joins Trump at rally Leader of British movement to leave European Union joins Trump at rally
- August 28, 2016

JACKSON, Mississippi (AP) — Donald Trump is linking his "movement to take back the country" to Britain's surprising vote to leave the European Union. It was an arguably unpromising arena for Farage - a largely unknown British politician addressing a partisan crowd about a subject, Brexit, about which most audience members cared little. (more...)
Cantor Fitzgerald CEO Matthews Analyzes Market Reaction to Yellen's Comments, on CNBC Cantor Fitzgerald CEO Matthews Analyzes Market Reaction to Yellen's Comments, on CNBC
- August 28, 2016

Following Ms. Yellen's speech on Friday, financial markets raised their expectations for an interest-rate increase by the end of this year, with some economists saying an increase could come as early as next month. While the minutes from the Federal Reserve's July meeting showed divisions within the rate-setting committee, New York Fed President William Dudley and San Francisco Fed President John Williams have signaled that a hike may be coming by year-end. (more...)
IDF Carries Out Dozens Of Air, Artillery Strikes On Gaza
- August 28, 2016

However, jihadists from smaller groups have continued to launch rocket attacks into Israel . "The current situation on the ground in Gaza is stable and calm has returned, but we don't know the intentions of the (Israeli) occupation", interior ministry spokesman Iyad al-Bozum said. (more...)
Obama creates world's largest protected marine area off Hawaii
- August 28, 2016

The move, which more than quadruples the size of the Papahanaumokuakea (pronounced "Papa-ha-now-moh-koo-ah-kay-ah") Marine National Monument that President George W. The monument expansion comes after significant engagement with the Native Hawaiian community, the fishing industry, and residents of the islands. (more...)
Gold up as Fed minutes cool rate hike prospects, weigh on dollar
- August 28, 2016

Some policymakers have suggested that it will probably still be appropriate to raise rates at least once this year, with New York Fed president William Dudley indicating a move could come as soon as the Fed's September 20-21 gathering. "That means that people are on the side of buying gold", said Yuichi Ikemizu, head of commodity trading at Standard Bank in Tokyo. Earlier this week, sterling had threatened to test a 31-year low of $1.2798 set in July, dogged by worries that forthcoming ... (more...)
GDP produces lackluster growth in Q2 GDP produces lackluster growth in Q2
- August 28, 2016

The 10 per cent fall in the trade-weighted value of the pound since the Brexit vote may aid exports, but not by enough to prevent a sharp slowdown. "Second-quarter economic growth was revised to 1.1% at an annual rate, down slightly (0.1 percentage point) from the advance estimate", Furman wrote. (more...)
Urjit Patel will have just 10 days to finalise RBI's rate panel
- August 28, 2016

Patel, who is now serving as the Deputy RBI chief, will succeed Raghuram Rajan as the RBI chair once he steps down on September 3 after his term comes to an end. Das also said that the job of the RBI Governor is not only constrained to the monetary policy as he is also the regulator of banks and NBFCs (non-banking financial companies). (more...)
Aftershocks Ahead Of State Funeral For Italy's Earthquake Victims Aftershocks Ahead Of State Funeral For Italy's Earthquake Victims
- August 28, 2016

Hopes were fading Saturday of finding more survivors under the rubble of the devastating natural disaster in central Italy, which has already claimed at least 281 lives. The quake that struck before dawn on Wednesday killed at least 281 people and injured 387. "I hope it will be reborn and that we will move forward, even better than before". (more...)
Stocks end mostly lower after Yellen speech
- August 28, 2016

Earlier Friday, data confirmed that the United Kingdom economy grew by 0.6% in the second quarter and expanded 2.2% on a year over year basis, in line with preliminary readings and economists' forecasts. CURRENCIES: The dollar rose to 101.53 yen from 100.57 yen the previous day. But since then, global economic pressures, financial market turmoil and a brief slump in the USA job market have kept the central bank on the sidelines. (more...)
Jameis Winston leads Bucs past Browns 30-13
- August 28, 2016

The Browns fell behind the Bucs 27-3 with six minutes left in the first half and looked outmatched when it was starters vs. starters. "That's what he has to chase every day to be a really good player for us". Moreover, Jameis Winston completed 3 for 10 passes for 28 yards and a touchdown. There is some hope that the team will have a run game to rely on this season. (more...)
Ramaphosa joins Zuma in applauding Gordhan Ramaphosa joins Zuma in applauding Gordhan
- August 28, 2016

The Hawks' ongoing investigation into the SA Revenue Service (Sars) rogue spy unit - which was established under Gordhan's watch as Sars commissioner - came under the spotlight again this week after news broke that the Hawks had summoned Gordhan and three other former Sars officials Ivan Pillay , Johann van Loggerenberg and Andries van Rensburg to the Hawks offices in Pretoria on Thursday. (more...)
Ind vs WI: Paytm named title sponsor for T20 series in USA
- August 28, 2016

This will be India's first worldwide cricket match against the West Indies to be played in the US. In the batting department, Virat Kohli will again be the key for India . The explosive southpaw keeps the ability to change the course of game in a matter of few overs, and India will be wary of his threat. VIP seats have been priced at Dollars 250, just 25 more than the commensurate rate for the Caribbean Premier League, but basic uncovered bleacher mound tickets have been set at USD 100. (more...)
Oil prices won't exceed $60 in short-term
- August 28, 2016

No sooner did prices drop on Wednesday than they climbed again - albeit modestly, by 1 percent - on Thursday with the news that Bijan Namdar Zanganeh , oil minister for Iran , will participate in the Organization of the Petroleum Exporting Countries' (OPEC) informal freeze talks in Algeria next month. (more...)
Chance of development in 48 hours now at 30 percent
- August 28, 2016

Madeline's center is located about 1,235 miles (1,990 kilometers) east of Hilo, Hawaii and moving towards the west-northwest at a speed of 12 miles (19 kilometers) per hour. Lester's hurricane-force winds extend up to 25 miles (35 kilometres) from its centre, and tropical-force winds extend outward up to 90 miles (150 kilometres). (more...)
Self-Driving Cars Hit Singapore As Taxis
- August 28, 2016

According to nuTonomy, the ultimate goal is to have a fully self-driving taxi fleet in Singapore by 2018, which the company believes will help to significantly reduce the number of cars on Singapore's congested roads. As a safety precaution, there will be a driver in each vehicle on the front if there is need to take over the controls. "This is really a moment in history that's going to change how cities are built, how we really look at our surroundings", nuTonomy executive Doug Parker ... (more...)
Milford Haven School celebrates best ever GCSE exam results Milford Haven School celebrates best ever GCSE exam results
- August 28, 2016

Nationally, there is now more emphasis on pupils achieving the English Baccalaureate. The highest performing department was mathematics, where 90 per cent of students achieved A* or A grades. "I'm really happy, I've done so much better than I expected", she told the Gazette. "I worked hard throughout the GCSE course and did lots of revision, so I am very pleased with my results". (more...)
Members Of Congress Demand Info On EpiPen Price Hike
- August 28, 2016

Mylan is the latest company to be lambasted for apparently egregious drug price increases. Sanders, in a series of tweets, highlighted other drugs by EpiPen's maker, Mylan , that have seen their prices go up. Mylan is an unlikely target of drug-price scrutiny in that it sells mostly lower-priced generic drugs. While insurance often covers some of the cost, many people have to pay out of pocket for the devices, sometimes up to the full price. (more...)

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