Markets


Trump tax plan may cost $1.5 trillion more than he says Trump tax plan may cost $1.5 trillion more than he says
- September 20, 2016

Over the last couple of months, he has released an overhaul that changes rates and includes newly announced child care deductions. The plan would also result in 1.8 million more full-time equivalent jobs, according to the Tax Foundation's analysis . (more...)
New B-21 bomber named 'Raider' -US Air Force New B-21 bomber named 'Raider' -US Air Force
- September 20, 2016

The proposals "captured the essence of the bomber force", James said. Lt. Col. Richard Cole, a Dayton native who is 100 years old and lives in Texas, is the sole living survivor and was co-pilot to Jimmy Doolittle on the raid. The US Air Force has picked a name to go with the number for its next long-range bomber-even though it will be almost a decade before the aircraft comes into service. (more...)
Hartford Financial Services Group, Inc. (The) (NYSE:HGH) Updated Price Targets Hartford Financial Services Group, Inc. (The) (NYSE:HGH) Updated Price Targets
- September 20, 2016

The Mutual Funds segment provides investment products for retail and retirement accounts; and investment-management and administrative services, such as product design, implementation, and oversight, as well as the runoff of the mutual funds supporting the company's variable annuity products. (more...)
A day after Uri attack, terrorists target police post in J&K's Handwara A day after Uri attack, terrorists target police post in J&K's Handwara
- September 20, 2016

Indian Prime Minister Narendra Modi also declared that the masterminds of the attack would be punished. The war of words and blame game are clearly insignificant actions that will do nothing to dissuade Pakistan's terror network from targeting us. (more...)
Swiggy raises almost Rs 100 crore from Bessemer Venture Partners Swiggy raises almost Rs 100 crore from Bessemer Venture Partners
- September 20, 2016

According to an official statement, with this fresh infused capital, Swiggy has raised around $75.5 Mn (INR 500 Cr) till date. They fresh round of funding will be used to enhance customer experience including tech-based upgrades, an increased network of restaurants for its users to select from and efficient delivery services. (more...)
Asian stocks higher as Fed, Bank of Japan in focus
- September 20, 2016

Oil prices have rallied nearly +2% overnight, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as clashes in Libya raised concerns that efforts to restart crude exports would be hampered. Investors also are eyeing the Bank of Japan's policy meeting on Tuesday and Wednesday, while the first debate of the USA presidential election is set for next Monday. (more...)
Ivanka Trump now has Secret Service protection Ivanka Trump now has Secret Service protection
- September 20, 2016

The leading Republican was there to discuss his "better way" economic plan. Trump, who requested the meeting, attended Ryan's speech at the Economic Club of NY before the two had a scheduled meeting. "I'll defer to Donald Trump as to when he thinks the appropriate time to release his returns - I know he's under an audit and he's got an opinion about when to release those", Ryan added at the time. (more...)
Britain's Dairy Crest sees margin pressure as milk prices go up Britain's Dairy Crest sees margin pressure as milk prices go up
- September 20, 2016

In a trading up for the six months ending 30 September, Dairy Crest said it now expects that combined volumes of its four key brands, Cathedral City, Country Life, Clover and Frylight, will be ahead of previous year. Charles Hall, an analyst at Peel Hunt, said: 'A key feature for H2 is the sharp increases in dairy prices, which will be helpful for cheese margins but offset (in the short term) by butter margins. (more...)
Yakima Kmart store to close by year's end Yakima Kmart store to close by year's end
- September 20, 2016

In an unusual move, the retailer recently spent money to remodel and reopen a location in a Chicago suburb. The number of employees affected by this store closing is not publicly available, Riefs said. "ORCRP017331-topic.html" class="local_link" >Sears and Kmart stores. A Kmart store in Binghamton will close, as well. Sears Holdings has said that it would review those store locations periodically, noting that as the space is recaptured by the REIT its rental obligations would decline ... (more...)
Mitie outsourcing group issues profit warning Mitie outsourcing group issues profit warning
- September 20, 2016

Mitie said it was facing short-term economic pressure including lower United Kingdom growth rates, changes to labour laws, further public-sector budget cuts and European Union referendum-linked uncertainty. However, building support services company Carillion which derives less than 5 percent of its revenue from the United Kingdom housing market, said last month it was on track to meet expectations for its results in 2016. (more...)
Hillary Clinton calls Donald Trump a terrorist recruiting tool after Chelsea bombing
- September 20, 2016

Clinton and her team see her experience and what they say is her steady judgment as key selling points for her candidacy. An Afghan immigrant wanted for questioning in the bombings was captured in New Jersey Monday after being wounded in a gun battle with police, authorities said. (more...)
France bans all plastic cups and plates France bans all plastic cups and plates
- September 19, 2016

The new regulations, which were passed this month, will see that all disposable cutlery will be made from biologically-sourced materials. Single-use plastic shopping bags have already been outlawed as of July this year. 'If they don't, we will'. The ecologists wanted the ban to be introduced as soon as 2017 but it was postponed until 2020 because of Environment Minister Segolene Royal's initial opposition to the law. (more...)
Oil prices fall after prediction of lower demand growth
- September 19, 2016

Diesel futures fell 4.12 cents, or 2.9%, to $1.3817 a gallon, the lowest settlement since August 10. U.S. inventories of distillates, which include diesel and heating oil, rose 4.6 million barrels in the week to September 9, the U.S. The official figure will be released by the U.S. Energy Information Administration later on Wednesday. The S&P Global Platts survey forecast a rise of 200,000 barrels for gasoline and an increase of 1.2 million barrels for distillates, which include heating oil. (more...)
GLOBAL ECONOMY WEEKAHEAD - Lively debate and 'hawkish hold' seen from US
- September 19, 2016

While sources have said the BOJ may make its massive government bond purchasing program more flexible, the Nikkei business daily said that in doing so the central bank will likely maintain its pledge to increase its holdings, to be announced at next week's policy meeting. (more...)
Minnesota mall stabbing was terror attack, says Federal Bureau of Investigation
- September 19, 2016

The Associated Press reports that the Islamic State often claims credit in the immediate wake of terrorist attacks even if they had little or nothing to do with the organization of it - other than to have possibly "inspired" the attacker. Cloud Fire Department crews were on the scene. An ISIS-run news agency said Sunday the suspect "was a soldier of the Islamic State" and was responding to "calls to target citizens of countries belonging to the crusader coaliton". (more...)
OPEC chief: Algiers meeting not for 'decision making': Algerian state media
- September 19, 2016

David Fyfe , head of market research and analysis for Gunvor Group , noted, "There's no one, apart from Saudi Arabia , which has between 1 and 2 million barrels a day of spare capacity". Loading disruptions in Libya were also underpinning the market, Spooner added. Nearly two years after the Organization of Petroleum Exporting Countries set a strategy to eliminate the global oil glut by pressuring rivals with lower prices, markets continue to struggle with excess supply and crude ... (more...)
Wells Fargo to End Sales Quotas for Bankers
- September 19, 2016

However, media organizations have reported that Carrie Tolstedt, the bank executive who oversaw the unit that created the unauthorized accounts, is retiring from Wells Fargo with a golden parachute package of benefits worth $124.6 million. (more...)
Chennai: Drunk student rams Porsche into 12 autorickshaws, kills 1 Chennai: Drunk student rams Porsche into 12 autorickshaws, kills 1
- September 19, 2016

Two are said to be critically injured. Police sources said, two youth who were speeding in the luxurious vehicle bearing Delhi registration were driving towards Marina Beach rammed into around ten auto rickshaws parked on Cathedral Road. They have been admitted to Rajiv Gandhi Government Medical College Hospital. Meanwhile, the police arrested a person identified as Vikaas, a second year law student and is the son of an advocate, while the other person managed to escape. (more...)
UK Exploring Post-Brexit Free Trade Options UK Exploring Post-Brexit Free Trade Options
- September 19, 2016

The minister also stated it would "take a little while" to work out how to disentangle the corpus of European law from United Kingdom law, saying that, although his "starting position" was simply to put all of EU law into British law and "take it from there", he conceded "it does not quite work like that". (more...)
Abu Sayyaf frees Norwegian
- September 19, 2016

Army Maj. Filemon Tan of the military's western Mindanao Command said the Abu Sayyaf bandits freed the hostage Kjartan Sekkingstad around 4 p.m.in a remote village in Indan, a town in Sulu. From there, a government chopper will transfer the Indonesians to Zamboanga City while Sekkingstad will be flown to Davao City. It turned out, however, that the Abu Sayyaf had beheaded a 19-year-old son of a Sulu court employee they earlier abducted in Sulu for his family's failure to pay their ransom ... (more...)