Markets
US complains of unfair government aid for Chinese farmers
- September 14, 2016
In announcing the enforcement action today, USTR noted that China has exceeded its allowable subsidy limits on corn, rice, and wheat by $100 billion in 2015 alone. Chairman Conaway convened two full committee hearings past year (June and October) to review foreign agricultural subsidies and their detrimental, trade-distorting impact on American agricultural producers. (more...)
- September 14, 2016
In announcing the enforcement action today, USTR noted that China has exceeded its allowable subsidy limits on corn, rice, and wheat by $100 billion in 2015 alone. Chairman Conaway convened two full committee hearings past year (June and October) to review foreign agricultural subsidies and their detrimental, trade-distorting impact on American agricultural producers. (more...)
NY settles with 4 companies to stop tracking children online
- September 14, 2016
The settlements require Viacom, Mattel and Jumpstart to pay penalties totaling $835,000 following a two-year investigation dubbed Operation Child Tracker into violations of the 1998 federal law that prohibits unauthorized collection of children's personal information on websites directed at users under 13. (more...)
- September 14, 2016
The settlements require Viacom, Mattel and Jumpstart to pay penalties totaling $835,000 following a two-year investigation dubbed Operation Child Tracker into violations of the 1998 federal law that prohibits unauthorized collection of children's personal information on websites directed at users under 13. (more...)
Volkswagen engineer pleads guilty to conspiracy in emissions scandal
- September 14, 2016
Questions about Volkswagen emissions first arose in 2014, when West Virginia University researchers identified discrepancies between what the cars emitted on the road and in testing situations. The software-which allowed cars to detect the conditions of a laboratory emissions test and alter engine parameters-was variously referred to by engineers as "acoustic function", "cycle beating software", and "emissions-tight mode". (more...)
- September 14, 2016
Questions about Volkswagen emissions first arose in 2014, when West Virginia University researchers identified discrepancies between what the cars emitted on the road and in testing situations. The software-which allowed cars to detect the conditions of a laboratory emissions test and alter engine parameters-was variously referred to by engineers as "acoustic function", "cycle beating software", and "emissions-tight mode". (more...)
Telsa CEO Says New Software Might Have Prevented Deadly Crash
- September 14, 2016
Now, thanks to improvements in how the auto interprets incoming data, the radar will no longer play second fiddle. Elon Musk explained, "We're making much more effective use of radar, we weren't confident that we could resolve false positives where the radar would think that it should brake, but it shouldn't". (more...)
- September 14, 2016
Now, thanks to improvements in how the auto interprets incoming data, the radar will no longer play second fiddle. Elon Musk explained, "We're making much more effective use of radar, we weren't confident that we could resolve false positives where the radar would think that it should brake, but it shouldn't". (more...)
SJVN Q1 net flat at Rs 480 cr
- September 14, 2016
The company said discussion is in "advanced stage with PSP Investments of Canada for 49% stake sale in Mumbai power business". Report by Odisha Diary bureau, Bhubaneswar: National Aluminium Company Limited (Nalco), a Navratna PSU of Ministry of Mines, Govt. (more...)
- September 14, 2016
The company said discussion is in "advanced stage with PSP Investments of Canada for 49% stake sale in Mumbai power business". Report by Odisha Diary bureau, Bhubaneswar: National Aluminium Company Limited (Nalco), a Navratna PSU of Ministry of Mines, Govt. (more...)
Nearly 200K more Wisconsin residents gained health insurance
- September 14, 2016
The uninsured rate in Utah has improved more modestly, dropping from 14.0% in 2013 to 10.5% in 2015. Data from the U.S. Census Bureau shows that, in the second quarter of this year, insurers spent 6.7 percent more on healthcare and social assistance compared to the second quarter of 2015, totaling more than $618 million. (more...)
- September 14, 2016
The uninsured rate in Utah has improved more modestly, dropping from 14.0% in 2013 to 10.5% in 2015. Data from the U.S. Census Bureau shows that, in the second quarter of this year, insurers spent 6.7 percent more on healthcare and social assistance compared to the second quarter of 2015, totaling more than $618 million. (more...)
Trump says Fed keeping rates low because of pressure from Obama
- September 14, 2016
Trump said on CNBC's "Squawk Box". What changed between May and today? While Yellen was Obama's pick to lead the Fed, the central bank prizes itself as a politically independent institution, and strongly rebuts any claims that outside politicians weigh on its efforts to steer the US economy. (more...)
- September 14, 2016
Trump said on CNBC's "Squawk Box". What changed between May and today? While Yellen was Obama's pick to lead the Fed, the central bank prizes itself as a politically independent institution, and strongly rebuts any claims that outside politicians weigh on its efforts to steer the US economy. (more...)
World stocks advance after worries over Fed rate hike ease
- September 14, 2016
But any sense of calm in markets looked fragile after three volatile trading days that saw bond yields soar and stocks rack up heavy losses, on concern monetary policy was reaching its limits as a tool to lift the global economy. She further warranted for a stronger trend in consumer spending and evidence of stabilizing inflation before the central bank raises policy rates. "A series of speeches by Fed officials concluded [Monday] with remarks by Governor [Lael] Brainard". (more...)
- September 14, 2016
But any sense of calm in markets looked fragile after three volatile trading days that saw bond yields soar and stocks rack up heavy losses, on concern monetary policy was reaching its limits as a tool to lift the global economy. She further warranted for a stronger trend in consumer spending and evidence of stabilizing inflation before the central bank raises policy rates. "A series of speeches by Fed officials concluded [Monday] with remarks by Governor [Lael] Brainard". (more...)
Action Alert: Urge America's Jewish organizations to repudiate Netanyahu's "ethnic cleansing" comments
- September 14, 2016
In the video , Netanyahu compares the Arab citizens of the State of Israel to the settlers in Judea and Samaria and says that no one has ever seriously claimed that the nearly 2 million Arabs living in Israel constitute an obstacle to peace . (more...)
- September 14, 2016
In the video , Netanyahu compares the Arab citizens of the State of Israel to the settlers in Judea and Samaria and says that no one has ever seriously claimed that the nearly 2 million Arabs living in Israel constitute an obstacle to peace . (more...)
LinkedIn's Hoffman: Trump presidency would be 'terrifying' for policy
- September 14, 2016
The idea started when Marine Corps veteran Pete Kiernan announced that he was trying to crowdsource $25,000 to donate to veterans if Trump released his returns by that date. Trump, of course, has insisted on keeping his tax returns private, citing an I.R.S. audit. As of Monday afternoon, the total raised sits at just over $6,000. (more...)
- September 14, 2016
The idea started when Marine Corps veteran Pete Kiernan announced that he was trying to crowdsource $25,000 to donate to veterans if Trump released his returns by that date. Trump, of course, has insisted on keeping his tax returns private, citing an I.R.S. audit. As of Monday afternoon, the total raised sits at just over $6,000. (more...)
As Fed rate hike speculation eases, global stocks recover
- September 14, 2016
The Fed surfaced as a campaign issue Monday when Republican nominee Donald Trump accused Fed Chair Janet Yellen of holding rates "artificially low" to keep the economy rolling and benefit President Barack Obama. "We still expect a September hike and expect the majority of voting members to support it", Laura Rosner, an economist with BNP Paribas, wrote in a research note. (more...)
- September 14, 2016
The Fed surfaced as a campaign issue Monday when Republican nominee Donald Trump accused Fed Chair Janet Yellen of holding rates "artificially low" to keep the economy rolling and benefit President Barack Obama. "We still expect a September hike and expect the majority of voting members to support it", Laura Rosner, an economist with BNP Paribas, wrote in a research note. (more...)
OPEC points to larger 2017 oil surplus as rivals keep pumping
- September 14, 2016
This is an upward revision of 180,000 barrels per day and for 2017, OPEC revised 2017 supply by 350,000 barrels on the upside. Crude oil prices continued their downward slide as market watchers took stock Monday of production estimates from countries outside of OPEC. (more...)
- September 14, 2016
This is an upward revision of 180,000 barrels per day and for 2017, OPEC revised 2017 supply by 350,000 barrels on the upside. Crude oil prices continued their downward slide as market watchers took stock Monday of production estimates from countries outside of OPEC. (more...)
Wells Fargo To End Product Sales Goals
- September 14, 2016
The embattled bank says the change, announced early Tuesday, will be effective January 1. He said that some employees won't "honor" the bank's culture and that the bank had changed its sales goals to put in more discipline and to take "more risk off the table". (more...)
- September 14, 2016
The embattled bank says the change, announced early Tuesday, will be effective January 1. He said that some employees won't "honor" the bank's culture and that the bank had changed its sales goals to put in more discipline and to take "more risk off the table". (more...)
America's median household income had its fastest growth on record
- September 14, 2016
Some 43.1 million Americans were in poverty past year, 3.5 million less than in 2014. The Census Bureau sets the poverty line each year based on age, family size and income. It is still lower, though, than the $57,423 that the typical US household made in 2007. Rising pay also lifted the poorest households, cutting poverty by the sharpest amount in almost a half-century. (more...)
- September 14, 2016
Some 43.1 million Americans were in poverty past year, 3.5 million less than in 2014. The Census Bureau sets the poverty line each year based on age, family size and income. It is still lower, though, than the $57,423 that the typical US household made in 2007. Rising pay also lifted the poorest households, cutting poverty by the sharpest amount in almost a half-century. (more...)
Treasury Yields Steady As Bonds Consolidate After Selloff — BOND REPORT
- September 14, 2016
Portuguese bond yields were clear underperformers, up 11 bps. In corporate news, Canada's Agrium Inc and Potash Corp of Saskatchewan Inc. said they would combine, a deal that would create a fertilizer and farm retailing giant with proforma enterprise value of $36-billion but also trigger USA regulatory scrutiny. (more...)
- September 14, 2016
Portuguese bond yields were clear underperformers, up 11 bps. In corporate news, Canada's Agrium Inc and Potash Corp of Saskatchewan Inc. said they would combine, a deal that would create a fertilizer and farm retailing giant with proforma enterprise value of $36-billion but also trigger USA regulatory scrutiny. (more...)
Asian stocks advance after worries over Fed rate hike ease
- September 14, 2016
Federal Reserve, dropping it to just 25 percent from 40 percent after the final round of Fed speakers on Monday declined to nudge markets in the direction of further policy tightening. She remained cautious about the difficulties in the global markets and its impact on the US economy. In the global bond market, the recent sharp rise in yields was halted for now after Brainard's comments. (more...)
- September 14, 2016
Federal Reserve, dropping it to just 25 percent from 40 percent after the final round of Fed speakers on Monday declined to nudge markets in the direction of further policy tightening. She remained cautious about the difficulties in the global markets and its impact on the US economy. In the global bond market, the recent sharp rise in yields was halted for now after Brainard's comments. (more...)
Micro Focus International to merge with Hewlett Packard Enterprise's software arm
- September 13, 2016
The combined company will have strong recurring revenue streams, global reach and be well diversified across product lines - spanning IT operations, security, information management, big data analytics, cloud, open source and development. "And actually, these assets will get more investment with Micro Focus than they would with us". If all goes as anticipated, it should close sometime between April and October next year. (more...)
- September 13, 2016
The combined company will have strong recurring revenue streams, global reach and be well diversified across product lines - spanning IT operations, security, information management, big data analytics, cloud, open source and development. "And actually, these assets will get more investment with Micro Focus than they would with us". If all goes as anticipated, it should close sometime between April and October next year. (more...)
Working to make India investor friendly hub: Sitharaman
- September 13, 2016
Speaking at the India Summit 2016, Ms Sitharaman pointed out, "The government is removing obstacles to make economy more vibrant and provide transparent and accountable governance". "If only that happens, and if farmers and small traders are adequately empowered to tackle the market themselves". But today we are trying to bridge those gaps. (more...)
- September 13, 2016
Speaking at the India Summit 2016, Ms Sitharaman pointed out, "The government is removing obstacles to make economy more vibrant and provide transparent and accountable governance". "If only that happens, and if farmers and small traders are adequately empowered to tackle the market themselves". But today we are trying to bridge those gaps. (more...)
European Union says Apple ruling not "anti-American"
- September 13, 2016
Juncker said in a speech at the summit that the state aid rules resulting in the "landmark ruling" were applied "without discrimination and without bias". Relations between Washington and Brussels have been tested by a series of anti-trust inquiries focusing on U.S. technology firms such as Apple and Google that some have branded anti-American. (more...)
- September 13, 2016
Juncker said in a speech at the summit that the state aid rules resulting in the "landmark ruling" were applied "without discrimination and without bias". Relations between Washington and Brussels have been tested by a series of anti-trust inquiries focusing on U.S. technology firms such as Apple and Google that some have branded anti-American. (more...)
Everyday Motorists To Get Their Hands On The First Autonomous Volvo Car
- September 13, 2016
The pilot project in Gothenburg is the first in a planned series of public trails by Volvo for autonomous driving. Do you like the idea of autonomous cars on public roads? Next year a similar project is due to launch in London, while interest from cities in China could mean that the Drive Me project may be taken there over the next few years. (more...)
- September 13, 2016
The pilot project in Gothenburg is the first in a planned series of public trails by Volvo for autonomous driving. Do you like the idea of autonomous cars on public roads? Next year a similar project is due to launch in London, while interest from cities in China could mean that the Drive Me project may be taken there over the next few years. (more...)
Latest news
Oil Drops 3% on Weak Global Economic Data, US Crude Stocks Build