Markets


Bullard agnostic on timing of Fed hike; cites tech stocks
- August 29, 2016

The Federal Reserve could hike USA interest rates this year, St. Louis Fed President James Bullard said on Friday, noting the central bank would have to watch out for risky financial bubbles emerging in technology stocks and elsewhere in the market. (more...)
Israeli forces attack non-violent weekly protest in Bil'in village Israeli forces attack non-violent weekly protest in Bil'in village
- August 28, 2016

Hamad is said to have suffered from mental illness. However the local Maan news agency quoted an Israeli spokesperson as saying that the suspect was killed while "running towards an [army] post". He was shot dead by Israel Defense Forces (IDF) soldiers as he ran towards a military post they were guarding at the entrance to the village of Silwad . (more...)
Hamilton will not catch the leaders, says Ricciardo
- August 28, 2016

Ferrari have 16, including this one for John Surtees in 1966. "So I was really happy to grab pole today". We had three new engines this weekend and so, to come away with the points we have today, I am extremely proud of everyone. Perez and Vettel rounded off the top six, with Alonso's strong drive fading in the final period of the race as he settled for sixth ahead of Bottas, Raikkonen and Massa. (more...)
Kimi Raikkonen tops timesheets as Mercedes struggle in final practice
- August 28, 2016

But perhaps Hamilton will consider that he was the real victor on a day of dramatic crashes that led to a safety auto being deployed and then a red flag, meaning all cars had to return to the pits before a restart. That penalty for Hamilton, the outcome of early season engine problems, has left the door open for Rosberg to at the very least make major inroads to his championship deficit. (more...)
Hurricane Lester, Tropical Storm Madeline strengthen in Pacific Hurricane Lester, Tropical Storm Madeline strengthen in Pacific
- August 28, 2016

The temperature of the ocean in that part of the Pacific is warm enough to sustain these kinds of storms, said Norman Hui at the National Weather Service forecast office in Honolulu, Hawaii. Gaston's hurricane-force winds extend outward up to 15 miles from its center, and its tropical-storm-force winds extend outward up to 140 miles. Weekend outlook: As the system moves closer to the Gulf of Mexico, and eventually enters the Gulf, conditions are more favorable for development. (more...)
New local Zika case in Palm Beach County, authorities announce
- August 28, 2016

The news comes a day after radiologists in Boston and Brazil published scans showing the wide range of birth defects that can occur in babies affected by the Zika virus. Zika was detected in Brazil past year and has since spread across the Americas. "Pregnant women and couples planning to have children need to be especially cautious because Zika can cause significant harm to a developing fetus", Smith said. (more...)
Northwestern Hawaiian Islands now largest protected area on the planet
- August 28, 2016

President Barack Obama's executive order will more than quadruple the Papahānaumokuākea Marine National Monument , creating the world's largest protected marine habitat, the White House announced on Thursday. However, Sean Martin, president of the Hawaii Longline Association, said the industry's fleet of 145 boats could not match the lobbying power of well-financed environmental groups such as Pew. (more...)
Unclear If Trump Knew of Past Charges Against Campaign CEO
- August 28, 2016

In the domestic violence case, Bannon was charged with trying to prevent or dissuade the victim or a witness of a crime from reporting it; inflicting injury on a cohabitant or other closely associated person; and battery, according to court records in Southern California, where Bannon lived at the time . (more...)
Tesla unveils Model S P100D; gets to 60 miles per hour in 2.5 seconds
- August 28, 2016

The battery pack will be of 100 kilowatt, which will turn the P100D, the high-end version of the Model S sedan, as the world's fastest accelerating vehicle in production. While awaiting customers for the P90D Ludicrous can pay $10,000 to upgrade to P100D Ludicrous, existing P90D Ludicrous owners require paying $20,000. (more...)
Wenger hints at double deal
- August 28, 2016

Perez is set to complete a medical with the North London club today ahead of his expected move, which is reported to set the Gunners back £17.1m. Amidst all the transfer madness and tension at Arsenal regarding Wenger's transfer methods, former Arsenal skipper Tony Adams has revealed that he would like to return to Arsenal in a managerial role in the future. (more...)
Stocks to react to Fed chair's speech; macroeconomic data eyed
- August 28, 2016

The US Federal Reserve has suffered stinging criticism in recent months for a perceived lack of coherence in its public positions on monetary policy, and markets had eagerly awaited her speech for some policy clarity. However, Yellen emphasized that no decisions had been made and that any forecast is inherently uncertain. In the U.S. and globally, the big focus will be on August jobs data ( Friday ) as the last major data release ahead of the Fed's September 26-27th meeting. (more...)
Yellen Breathes Life Into the Dollar But A Trend Takes More Force
- August 28, 2016

Aggarwal, Chairman and Managing Director, SMC Investments and Advisors. Fed watchers had complained this year that USA central bankers' public pronouncements had been inscrutable and sometimes contradictory, leaving investors perplexed. Economists expect the pace of jobs growth in August to slow after blockbuster reading in June and July. In a meeting, members of the groups Fed Up and the Center for Popular Democracy told Fed policymakers that the assessment that the U.S. (more...)
As Fed nears rate hikes, policymakers plan for 'brave new world'
- August 28, 2016

Ms. Yellen had expressed that the issue for a fed funds rate increase had risen in the last few months, but the Feds will require the results of incoming data releases concerning the U.S. The dollar later gained major strength in the wake of fresh statements made by the Fed Vice Chairman Stanley Fischer in an interview on CNBC, who implied that Yellen's speech was very much in line with the possibility of two rate hikes before the end of the year. (more...)
SLO County Chimney Fire Burns 33000 Acres
- August 28, 2016

Despite the final evacuation orders being lifted Sunday, roads in the area remain closed to most traffic except residents who can verify they live there. Cal Fire updated the acreage burned in San Luis Obispo County's Chimney Fire to 5400 acres on Monday night. 5 p.m.: This article was updated with additional details. (more...)
Trump's businesses owe double the amount of debt reported Trump's businesses owe double the amount of debt reported
- August 28, 2016

A significant chunk of his wealth is also beholden to three passive partnerships that owe a further $2bn in debt to a group of lenders, such as the ones who own the Sixth Avenue office building. While Trump may not be held personally liable if the loans went into default, the value of his investments would drop. Although the investigation covered a variety of documents and records, The Times concentrated on commercial holdings, such as office towers, golf courses, residential properties, ... (more...)
Singapore trials driverless taxi service Singapore trials driverless taxi service
- August 28, 2016

Singapore's autonomous taxi service is now invite-only and only a handful of people are registered, but the company hopes to expand operations to include many more people as the trial continues. This, according to the company, would help in reducing the number of cars from 900,000 to 300,000 cars on Singapore roads. nuTonomy claims to be aiming a full self-driving taxi fleet in Singapore by 2018. (more...)
France's Burkini Ban Is Illegal According To Their Own High Court France's Burkini Ban Is Illegal According To Their Own High Court
- August 28, 2016

The burkini - and the decisions to ban wearing them on beaches - has become the focus of spirited global debates over women's rights, assimilation and secularism. Former French President Nicolas Sarkozy has labelled the burkini a "provocation" that supports radicalised Islam. The human rights group's Europe director, John Dalhuisen, said it had "drawn a line in the sand". (more...)
German economy minister says EU-US trade talks have failed German economy minister says EU-US trade talks have failed
- August 28, 2016

He said that during the talks neither side had agreed on a single common chapter out of the 27 being deliberated. "Just nobody says that", said Mr. Gabriel, who has represented Germany in the talks, during an appearance at the German government's open house. (more...)
Yellen puts rate hike on the table Yellen puts rate hike on the table
- August 28, 2016

The case to raise interest rates is getting stronger as the USA economy approaches the central bank's goals, Yellen said in the text of a speech Friday to central bankers and economists in Jackson Hole, Wyoming. "I think that the Fed wants to get the market to start pricing in a hike for this year, which they weren't doing earlier, and now I'm seeing the probability of a hike by December has gone up slightly over a coin toss". (more...)
Japan core inflation falls for fifth straight month Japan core inflation falls for fifth straight month
- August 28, 2016

The Bank of Japan disappointed markets at its late July meeting when it opted to leave its 80 trillion yen ($796 billion) annual bond-buying programme - a cornerstone of Abenomics - unchanged. Comments by some Fed policymakers, including its vice chair, Stanley Fischer, have raised expectations that Yellen will signal a readiness to raise rates gradually in the near future when she addresses a meeting of the world's central banks in Jackson Hole, Wyoming, later on Friday. (more...)

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