Markets


China exports grow in August for 1st time in 2 years China exports grow in August for 1st time in 2 years
- September 08, 2016

Its economy expanded 6.9 percent a year ago, its weakest rate in a quarter of a century. The improvement in imports suggested lackluster Chinese domestic demand might be recovering. China's trade figures have been depressed over the past year by a decline in global commodity prices but trade volumes also weakened. That brought a trade surplus of $52.05 billion ($30 billion), slightly below July's $52.31 billion, which was a seven-month high, and missing estimates for $58 billion. (more...)
Industry take on Tesla P100D ranges from tepid to bad Industry take on Tesla P100D ranges from tepid to bad
- September 08, 2016

Will the shareholders of Tesla Motors, a company generally viewed as having a stellar future, placate Musk and take on the troubled SolarCity? It's been a good week for Tesla chief executive Elon Musk after the electric vehicle (EV) giant's merger with SolarCity was approved and the firm unveiled a new EV battery which makes the Model one of the fastest production cars in the world. (more...)
M20 bridge collapse: Motorway partially reopens after footbridge debris is cleared M20 bridge collapse: Motorway partially reopens after footbridge debris is cleared
- September 08, 2016

Kent Police's football unit tweeted that the game between Maidstone United and Forest Green Rovers was on as the away team and match officials had already arrived at the ground. Chilling video footage from a driver on the other side of the carriageway showed how the bridge appeared to have come crashing down on the rear end of an articulated lorry. (more...)
Alibaba deal to boost Aust business Alibaba deal to boost Aust business
- September 08, 2016

Australia on Tuesday signed a strategic collaboration agreement with e-commerce giant Alibaba to expand the variety of fresh products available for purchase while leveraging digital content to build "brand Australia". "Our support of Tmall's flagship Australian wine store helps us capitalize on this growing interest in Australian wine and gives us the opportunity to further reinforce the message with consumers that wines of Australian provenance are of the highest quality", Clark said. (more...)
Calais migrants: Work to start on UK-funded wall Calais migrants: Work to start on UK-funded wall
- September 08, 2016

Deputy chief executive James Hookham said: "We have been frustrated by the lamentable reaction of the French Government so far given the collapse of public order in the Calais region, and the impossible position it has put their citizens and businesses in". (more...)
Spicejet doubles yoy profits for Q1 to Rs 149 crore Spicejet doubles yoy profits for Q1 to Rs 149 crore
- September 08, 2016

This is the sixth consecutive profitable quarter for the low cost airline. ONGC sold crude oil to refiners including Indian Oil Corp.at $46.10/bbl in the quarter, compared with $59.08/bbl a year earlier after adjusting discounts to state refiners, according to the statement. (more...)
Winners and Losers from the 2016 Deutsche Bank Championship
- September 08, 2016

World number five Rory McIlroy has won the Deutsche Bank Championship for the second time in his career with a final-round six-under-par 65 in Boston. He didn't need to make everything in the final round, with his driving and short game setting up three early birdies. That is all except McIlroy and Adam Scott, who both fired the lowest round of day. (more...)
Wall Street ends flat as investors assess US rates outlook Wall Street ends flat as investors assess US rates outlook
- September 08, 2016

A disappointing forecast from Sprouts Farmers Market SFM.O weighed on grocers. Investors have been weighing the likelihood of a rate hike from the Federal Reserve this month, with recent data suggesting the Fed could hold off for now. shares slid 6.8% in premarket trade Wednesday, after the company lowered its full-year sales and profit outlook, citing an increasingly competitive and promotional environment and its own cautious outlook. (more...)
Goldman Lowers Expectations of September U.S. Rate Hike
- September 08, 2016

Less than one month after Federal Reserve Chair Janet Yellen upped the odds of a rate hike and sent the stock indices here in America tumbling, the impossibility of her optimism has become glaringly clear. The Fed's "Beige Book", out this afternoon, added to the debate over a rate hike timeline. In a world where an increasing number of government bonds yield less than zero, high-yielding currencies have become attractive alternatives. (more...)
Tesla Autopilot upgrade is imminent, Elon Musk tweets
- September 08, 2016

That would leave the company with $2.15 billion in cash. Musk's auto firm said it could issue up to 15 million shares to pay out shareowners of the San Mateo solar panel company in the proposed deal, which is expected to provide around $150 million in cost savings. (more...)
Obama's last summit: Does the G20 still matter? Obama's last summit: Does the G20 still matter?
- September 08, 2016

Excess capacity is a global problem requiring global solutions, Zhu said, echoing a line from a communique issued by G20 finance ministers and central bankers in July. And then there is Japan, whose government has taken every opportunity recently to needle Beijing about the South China Sea, as well its own territorial tiff over the Senkaku islands, known as Diaoyu in China. (more...)
Yamana Gold, Inc.'s (AUY)
- September 08, 2016

The stock failed to cross $4.89 in Wednesdays trading. According to TIPRANKS, Based on 3 analysts offering recommendations for AUY in the last 3 months, the overall consensus is Moderate Buy (by analysts ranked 0 to 5 stars). The filings show broad support for Microsoft and the technology industry in its latest high-profile clash with the US Justice Department over digital privacy and surveillance. (more...)
Canada ramps up business ties with China, inking $1.2B in deals Canada ramps up business ties with China, inking $1.2B in deals
- September 08, 2016

Earlier this week China and Canada agreed to an extension on the contentious canola file. "That's what we're working on right now and I'm confident we're going to get there". There was no public discussion by name about the case of Kevin Garratt, a Canadian imprisoned for more than two years in China on espionage charges, although Trudeau said he has "highlighted a number of consular cases" at every opportunity. (more...)
Apple announces Australian prices for the iPhone 7 and it ain't cheap
- September 08, 2016

Eager for a phone with a headphone jack? The OS's new features and major apps included the ability to put "activity rings" - essentially circular progress bars for activities like walking and working out - on your watch face so you can see them and feel bad every time you check what time it is. (more...)
No gunfire at Los Angeles airport, 'loud noises only': US Police
- September 08, 2016

The Los Angeles Police Department later confirmed reports of the false alarm at the airport. Police said the chaos was caused by what they described as " loud noises ", mistaken by passengers as gun shots. The news of possible gunshots prompted some people to rush out the wrong security doors, setting off alarms that added to the sense of danger, LAX police union head Marshall McClain said on KNX 1070 Newsradio. (more...)
Trudeau begins first visit to China to boost bilateral ties
- September 08, 2016

He called the current prime minister "the future of Canada" and "a miracle to me". "It's important that global business leaders like you know Canada is a good place to invest", Trudeau said, touting his country's agriculture, energy, culture, technology and other sectors. (more...)
Apple announcements: iPhone 7, Mario game, new watch Apple announcements: iPhone 7, Mario game, new watch
- September 08, 2016

For the first time, the iPhones are dust- and water-resistant, and will come in 32GB, 128GB and 256GB versions - double the now available iPhone 6s series. In fact, it has two of them. On the back side of the iPhone 7 Plus is a set of two cameras - both 12MP, one with a wide-angle lens, the other a telephoto camera. (more...)
PS4 Pro: Everything We Know So Far
- September 08, 2016

Games on the Ps4 Pro will run faster and smoother, as well as have the very best visuals that developers can squeeze out of the hardware. The PS4 console will also pair with the PlayStation virtual reality headset set to arrive in October. Others were angered that the new console didn't appear to have Blu-ray compatibility. Sony bet on Blu-ray, Microsoft bet on HD-DVD, and HD-DVD lost. (more...)
Trump held $150K fundraiser for Bondi after her Trump U decision Trump held $150K fundraiser for Bondi after her Trump U decision
- September 08, 2016

Monday was a big day on the campaign trail. "When they call, I give", Trump said. I've served in both worlds and know the difference between them. The gift, which Bondi personally solicited , was granted just four days after she announced that she might join the NY state attorney general's fraud probe into the now-defunct Trump University . (more...)
US investigates Russia for attempting to hack the election
- September 08, 2016

Officials, however, cautioned that there is not definitive proof of Russian interference or that the Russia has malicious plans, but noted that even the hint of malicious activity impacting the security of our election system is a significant concern. (more...)

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