Markets


Hillary Clinton Calls on Mylan to 'Immediately' Lower EpiPen Prices
- September 06, 2016

U.S. Sen. Charles Grassley , R-Iowa, wrote Mylan, the company that manufactures the devices, and asked for more information on why the prices have increased. The chief executive of a company which sparked outrage after raising the price of life-saving EpiPens fivefold has been revealed to have given herself a 671 percent pay increase. (more...)
G20 Talk Between Obama and Putin "Constructive but not Conclusive"
- September 06, 2016

Obama later talked with Russian President Vladimir Putin, but there was no immediate word on the outcome. But so far, nothing has been arranged. "It's fair to say that out of the review I think there are a couple of tough issues that we talked about today", Kerry told reporters after the meeting, but declined to give details. (more...)
Port announces new restrictions in wake of Hanjin bankruptcy filing
- September 06, 2016

TVs, cars and sneakers sail about 10 days to reach Los Angeles from Asia, while they could take as many as 30 days to Rotterdam. If Hanjin doesn't offload here, then it can't be used to ship Washington products overseas either. With about 5 percent of ships in the global trading fleet sitting idle, he believes there is room to take over Hanjin's capacity and carriers already are discussing the possibility of adding ships. (more...)
Hanjin pledges $90M to resolve shipping cargo chaos
- September 06, 2016

South Korean regulators allowed trading to be resumed Monday after Hanjin's court receivership was granted, but the share price plummeted by the daily limit of 30 per cent shortly after the market opened. The company is at risk of creditor action in the US, and its current financial state renders it impossible to repay 3.14 trillion won of loans maturing within one year, the filing showed. (more...)
Europe, Asia Stocks Start Week on Positive Footing
- September 06, 2016

Markets in the US and Canada were closed for Labor Day. You are reading news and information on LongIsland.com, Long Island's Most Popular Website, Since 1996. With the unemployment rate back to its pre-crisis level and inflation slowly moving toward the Federal Reserve's two percent target, worldwide investors and central bankers expect the rate to move to around three percent from the current 0.5 percent over the next two to three years. (more...)
US President Barack Obama praises Modi for 'bold policy' on tax reform
- September 06, 2016

The pacts included agreement on exploration and uses of outerspace for peaceful purposes, agreement on avoidance of double taxation, health cooperation, IT cooperation, cyber security and agreement on contract and design, building of boat in India, equipment supply and technology transfer. (more...)
Dollar falls, stocks rise after weak United States jobs data
- September 06, 2016

Mrs. Clinton said last month she would boost jobs though investment in infrastructure and green technology. Average hourly earnings rose 4 cents to $25.73 and are up 2.4% the past year, down from 2.6% in July. The payrolls data were contending with a pattern of August disappointment, with the survey median overshooting the first print for the month in each of the last five years, by an average 47,000. (more...)
All-party delegation ends J&K visit without breakthrough All-party delegation ends J&K visit without breakthrough
- September 06, 2016

On the question of separatists refusing to meet all-party delegation members, he said, "I can not say whether they took a good or bad decision but even if enemy comes homes, he should have been welcomed by a cup of tea". They chanted "Go India, go back" and "We want freedom". Kashmir Inc, which comprises key trade, commerce, tourism and other associations, said it would boycott the delegation in view of the prevailing ground situation. (more...)
Hanjin gets $90m lifeline as it seeks offload vessels at three ports
- September 06, 2016

Janice Hahn (D-California) at a press conference Sunday, "This is clearly about commerce being stalled right now". Hanjin Shipping's government-backed creditors are ready to provide the collapsed carrier with roughly 100 billion won ($90.60 million) of loans if Hanjin's parent provides collateral, Fortune reports South Korean government officials as saying. (more...)
Computer problem causes delays for British Airways travelers Computer problem causes delays for British Airways travelers
- September 06, 2016

The Metro Washington Airport Authority described the problem in a statement as a "worldwide system outage", but the London-based airline wouldn't confirm that characterization. Matthew Walker had been waiting for more than two hours to board his flight back to Heathrow. It recommended passengers to check in online before reaching the airport. (more...)
Russian Federation 'gaps of trust' stymie hopes for Syria ceasefire
- September 06, 2016

The European Commission said last week that Apple Inc owed up to 13 billion euros ($14.50 billion) in back taxes to Ireland, based on existing regulations, a decision that both Apple and Ireland, which relies on low taxes to attract investment, have vowed to fight. (more...)
UK's Brexit minister warns of risks to quick departure
- September 06, 2016

In his first Commons statement since becoming Brexit Secretary, David Davis gave a lengthy address short on specific details about the Government's plan. Ms May has made clear that she will not invoke article 50 of the Lisbon Treaty, which starts two years of exit negotiations, until next year. "Japanese businesses with their European headquarters in the United Kingdom may decide to transfer their head-office function to Continental Europe if EU laws cease to be applicable in the United ... (more...)
Macau approves 150 tables for new Sands casino resort Macau approves 150 tables for new Sands casino resort
- September 06, 2016

New table allocations have become a source of intense curiosity and speculation in the Macau gambling sector. Coming on the heels of the long-awaited return to growth for Macau's gaming revenues in August, it pointed to a stepped-up effort by the government of the former Portuguese colony to curb the city's dependence on gambling and boost tourism and shopping. (more...)
Sports Direct CEO Mike Ashley braces for public AGM next week Sports Direct CEO Mike Ashley braces for public AGM next week
- September 06, 2016

It will also suspend its "six strikes and you're out" disciplinary procedure and pledged to pay warehouse staff above the National Minimum Wage. Union group Unite then accused Ashley that his staff were subject to "Victorian" working practices and lived in constant fear of losing their job. (more...)
Gold slips as focus shifts to USA payrolls data
- September 06, 2016

In a much-anticipated speech Friday Yellen said a pick-up in the world's top economy and an improvement in the jobs market meant "the case for an increase in the federal funds rate has strengthened in recent months". The weaker yen boosted Japan's exporters, sending the Nikkei stock index 2.3 percent higher at the close. Apple shares were last down just under 1 percent. (more...)
Indian equity markets close lower as telecom stocks plunge Indian equity markets close lower as telecom stocks plunge
- September 06, 2016

FII inflow has improved post a muted trend seen last week awaiting the FED chair's speech last Friday. "This is a sectoral issue but it is definitely dragging down the index a bit", said Anand James, chief market strategist at Geojit BNP Paribas Financial Services. (more...)
Yellen: Case for raising rates is strengthening Yellen: Case for raising rates is strengthening
- September 06, 2016

The economy is "nearing" the Fed's goals of full employment and stable prices, share said. The S&P 500 rose as much as 0.7 percent in the wake of a speech by Yellen in Jackson Hole, Wyoming that said the case for increasing interest rates had strengthened, but did not indicate when the Fed would raise rates. (more...)
No. 5 LSU falls to unranked Wisconsin
- September 06, 2016

A win that players and fans will remember long after the 2016 season is over. This year, Lambeau Field plays host to the University of Wisconsin's opener. He paused, gave that big old grin and said, 'we were under-rated'. "Bring on the excuses". WISCONSIN: Welcome back to the Top 25. Heisman Trophy candidate Leonard Fournette finished with 138 yards on 23 carries, but failed to score a touchdown. (more...)
Turkey says clears Islamic State, Kurdish force from part of northern Syria
- September 06, 2016

The fighting between Turkey's military and the Kurdish forces has raised concern in the United States that it could detract them from the battle against the Islamic State group and frustrate anti-IS efforts by the USA -led coalition. According to the YPG leadership, four of its fighters were arrested by Turkey-backed rebels last Monday while they were trying to evacuate civilians from war-torn parts of the Jarablus city in northern Syria. (more...)
Nurses set to strike over insurance at 5 Minnesota hospitals Nurses set to strike over insurance at 5 Minnesota hospitals
- September 06, 2016

Allina wants to move the nurses onto its corporate health plan , instead of the union-backed health plans, which Allina says are expensive. They were supported by additional staff from Allina's non-striking clinics and hospitals, which were brought in temporarily. (more...)

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