Markets


Case for U.S. rate hike stronger, Fed chief says Case for U.S. rate hike stronger, Fed chief says
- September 06, 2016

The gains were all but erased after Fed Vice Chairman Stanley Fischer said her remarks leave open the possibility of boosting rates in September. Some of Yellen's colleagues, including the host of the forum - Esther George, head of the Federal Reserve Bank of Kansas City - have suggested that the time is ripe for the Fed to resume raising rates. (more...)
Twin bombings near Afghanistan's Defense Ministry kill 5
- September 06, 2016

In December eight people were killed and nine were wounded when a guesthouse in the Spanish Embassy compound was attacked. An Afghan policeman arrives at the site of Monday's attack in Kabul . Government forces recaptured a district in eastern Afghanistan that was overrun by the Taliban more than a week ago, officials said on Monday. According to the health ministry figures, the attack left 24 people dead while 91 others were badly wounded. (more...)
Daimler plans at least six electric car models Daimler plans at least six electric car models
- September 06, 2016

Daimler's rival from its country of origin, Volkswagen has injected huge sums of money in electric vehicle space following the diesel emission scandal of a year ago. The rise and rise of electric and hybrid cars has shown no sign of abating, so it's not a real surprise that every major auto manufacturer is now getting involved in the burgeoning market. (more...)
Hanjin's creditors ready to provide $90 million in funds: government officials
- September 06, 2016

Hanjin Shipping shares jumped more than 25 percent after Yonhap reported the funding decision, citing party and government officials, before later paring some gains. An estimated 540,000 containers are expected to face delivery delays, according to the reports. According to BBC Seoul could give 100bn won ($91m; £68m) or more in long-term funding at low interest rates if Hanjin provided the necessary collateral. (more...)
Ethiopia government confirms death of 23 inmates in prison inferno Ethiopia government confirms death of 23 inmates in prison inferno
- September 06, 2016

A fire broke out at the Qilinto prison in Addis Ababa, the capital of Ethiopia, Monday morning in what some government officials say was an attempted escape, though the fire has been put out and order restored to the facility. There has been an unprecedentedwave of protests inEthiopia in recent months. Though demonstrations started among the Oromo, Ethiopia's largest ethnic group, protests later spread to the Amhara, the country's second most populous ethnic group. (more...)
Mother Teresa proclaimed saint before huge crowds in Vatican
- September 06, 2016

She died in 1997 and was put on a fast-track for sainthood soon thereafter. The pope waived the waiting period in part, some believe, because of her fame and reputation. "Let us carry her smile in our hearts and give it to those whom we meet along our journey, especially those who suffer". "She saw Jesus in everyone, even in people who belonged to other religions". (more...)
Emirates attacks Middle Earth, no Christchurch, with more A380s Emirates attacks Middle Earth, no Christchurch, with more A380s
- September 06, 2016

Attempted humor The provocations from Emirates must be starting to annoy the the good burghers in Air New Zealand, with news that it will now replace its outrageously inappropriate 777s to Christchurch with even more outlandish A380s. From February Emirates will face competition to the Middle East from Qatar Airways. This will cut the total journey time by two hours. At the same time, the Auckland A380 service flying via Sydney will fly on to Bangkok. (more...)
U.S., Russian Federation in 'Tough' Negotiations Over Syria Cease-Fire, Obama Says
- September 06, 2016

Obama said he and Putin instructed their deputies "to keep working at it over the next several days". "It was mainly the two of us who had the discussion, going into detail". "Given the gaps of trust that exist, that's a tough negotiation, and we haven't yet closed the gaps in a way where we think it would actually work", Obama said during a news conference after the meeting. (more...)
Gov't, ruling party to provide low-interest fund for Hanjin Group Gov't, ruling party to provide low-interest fund for Hanjin Group
- September 06, 2016

Hanjin's ships will make calls at ports including Singapore, Hamburg and Busan, South Korea, where its vessels are unlikely to get stranded, Deputy Finance Minister Choi Sang Mok said in Seoul Monday. Earlier in the day, the ruling Saenuri Party also pressed the country's 10th-largest conglomerate to do more to keep the embattled affiliate afloat, promising that low-rate loans will be extended in return for collateral. (more...)
United States retailers warn of holiday shipping crisis
- September 06, 2016

The firm was notified of the suspension late on Thursday, a Hanjin Shipping spokeswoman said. One vessel has also been seized by a creditor in Singapore while firms in the USA have launched legal action against Hanjin to seize vessels and other assets over unpaid bills. (more...)
Part of LA airport briefly closed, 'Zorro' detained
- September 06, 2016

In New York , lawmakers such as Senator Chuck Schumer, along with the mayor and governor, have all called for a thorough investigation and reassessment of emergency procedures. "Report of shooting at LAX proven to be LOUD NOISES only", Los Angeles Police Department chief spokesman Andy Neiman wrote on Twitter. A search uncovered no evidence of a gunman or shots fired. (more...)
Airbus Signs Deals Worth $6.5 Billion With Vietnam Companies Airbus Signs Deals Worth $6.5 Billion With Vietnam Companies
- September 06, 2016

The agreement, witnessed by French President François Hollande, who is visiting Vietnam, provides for the aircraft to be delivered between 2017 and 2020. Late a year ago at the Dubai Airshow, the low-priced carrier had agreed to buy 30 Airbus A321 planes in a deal worth $3.6 billion at list prices. At the signing ceremony, the President and CEO of Vietjet Nguyễn Thị Phương Thảo ‎said: "Vietjet is developing robustly and sustainably with an aim at better serving our passengers and promoting ... (more...)
Louisans rejoice in Mother Teresa becoming a saint
- September 06, 2016

As Pope Francis officially canonized the revered Catholic nun at the Vatican Sunday, Catholics in the city remembered her life, work and legacy. At one of such ceremonies organised at Cathedral of the Holy Name, Colaba, Father Nigel Berett said: "It is a very happy moment for all of us here in India and hence, we're here celebrating it together". (more...)
Intel acquires Movidius to build the future of computer vision Intel acquires Movidius to build the future of computer vision
- September 06, 2016

What followed was a number of key deals and breakthroughs, including the launch of the world's first autonomous drone for Chinese drone maker DJI, the DJI Phantom 4 in March. Intel's RealSense platform was the star of its Intel Developer's Forum conference in San Francisco last month and it seems the company is only looking to grow the scale and capabilities of its computer vision tech. (more...)
UN Security Council to hold emergency meeting on North Korea UN Security Council to hold emergency meeting on North Korea
- September 06, 2016

The missiles were assessed to have flown some 1,000 kilometers, which is a little shorter than its presumed maximum range of 1,300 kilometers. North Korea has now launched more than 30 ballistic missiles since its leader, Mr Kim Jong Un, assumed power in 2011. (more...)
Japan PM Urges Vladimir Putin To Work Together To Resolve Island Dispute
- September 06, 2016

The Bloomberg report noted that Putin, who has won praise and a pledge to improve ties from Trump while facing attacks from Clinton, stuck repeatedly to his position that he has no preferred candidate and would work with whoever wins. During the question and answer, Clinton responded Federal Bureau of Investigation notes on her interview with the investigative body and denied that she knew anything about aides wiping her server with a sophisticated program known as BleachBit. (more...)
Saudi-Russia cooperation will help oil market: Deputy crown prince Saudi-Russia cooperation will help oil market: Deputy crown prince
- September 06, 2016

Venezuela has presented an "alternative proposal" to be considered at the upcoming Algeria meeting that would help "stabilize both the volume of supplies to markets and the fair price for producers", the Oil Ministry said in a statement. Putin said last week that a new deal on oil output could involve some compromise on Iranian output. But a sloppy market and oil in the mid-$40s does not strike fear in everyone's heart: just before markets closed on Friday and oversupply issues weighed ... (more...)
President Obama Expresses Support For Colin Kaepernick President Obama Expresses Support For Colin Kaepernick
- September 06, 2016

Obama, speaking on the sidelines of the G20 Summit in China, said Kaepernick had succeeded in drawing attention to "topics that need to be talked about". Vice presidential candidate Gov. Mike Pence (Indiana-R), disagreed with Kaepernick in an interview on NBC's "Meet the Press" but didn't share his running mate's feelings about the quarterback finding another country."My late father was a combat veteran", Pence said. (more...)
Urjit Patel: All You Want To Know About New RBI Governor Urjit Patel: All You Want To Know About New RBI Governor
- September 06, 2016

The promotion of deputy governor Patel ends weeks of feverish speculation by the Indian media since Rajan caught investors off guard in June by announcing he was leaving to return to academia. He was a Consultant (1998-2001) to the Ministry of Finance, Department of Economic Affairs, New Delhi . Mr Rajan rightly felt that the banks which are reluctant to lend at the moment for fear of increasing their non-performing assets could start lending once their financial positions were strong and ... (more...)
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...)

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