Markets


OPEC may decide on extra meeting immediately after Algiers
- September 21, 2016

The North Sea Brent benchmark crude slipped to $45.67 per barrel and US WTI slid to $43.07, as of 9:00am GMT. U.S. West Texas Intermediate (WTI) crude futures were down 44 cents at $42.86/bbl. The country's official envoy to OPEC, Mohamed Oun said the country won't stop increasing output until it reaches 1.6 million bpd - the level last seen during Gaddafi's rule, while the current production stands at 300,000 bpd. (more...)
Senate panel to scrutinize proposed Bayer-Monsanto merger Senate panel to scrutinize proposed Bayer-Monsanto merger
- September 21, 2016

The deal will result in a "global agricultural and chemical giant" with a broad array of products, Bloomberg said . Mr. Grassley, who farms with his son Robin in Butler County, Iowa, said he has watched the price of a bag of corn seed rise from less than $50 when he started farming decades ago to more than $300 a bag now. (more...)
USS Wichita launches in Wisconsin USS Wichita launches in Wisconsin
- September 21, 2016

The casualties suffered by the Montgomery are the latest in a string of bad incidents for the LCS program over the past month. In a statement from Wisconsin Congressman Reid Ribble's office, the U.S. The ship is now in transit from Singapore (where it languished for seven months) to San Diego for major repairs. The ship was the second LCS ever to be deployed to the Asia-Pacific region. (more...)
Concordia International Corporation (NASDAQ:CXRX) Shorts Decreased by 14.48% After Short Covering
- September 21, 2016

The brokerage now has a "hold" rating on the stock. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. Concordia International Corp (NASDAQ:CXRX)'s distance from 20 day simple moving average is -36.36% whereas its distance from 50 day simple moving average is -61.84% along with -79.69% distance from 200 day simple moving average. (more...)
On 9/11 anniversary, Obama hails meaning of being American
- September 21, 2016

Almost 3,000 people died when hijacked planes slammed into the World Trade Center, the Pentagon and a field near Shanksville on September 11, 2001. "We've delivered devastating blows to the al-Qaeda leaders that attacked us on 9/11", Obama said. (more...)
CORRECTED - Wall Street hit as Deutsche Bank fine risk triggers bank rout
- September 21, 2016

In addition to the United States mortgage investigation, Deutsche Bank faces litigation and regulatory probes relating to issues such as foreign-currency rate manipulation and precious metals trading. The fine is related to an investigation over allegations that there were irregularities in the way the German bank sold mortgage securities before the financial crisis. (more...)
Alex-Meredith-Nathan Relationship Tested; Alex Ends Alex-Meredith-Nathan Relationship Tested; Alex Ends
- September 21, 2016

When Alex came in the house, DeLuca was on top of Jo because she pulled him on top of her by accident, while she was taking her clothes off to go to sleep. Will Jo be able to stay with Alex after she has seen how bad his temper could get? Most of the premiere will see the doctors trying to save DeLuca, whose life seems to be hanging by a thread. (more...)
Valeant (VRX) Stock Receives 'Hold' Rating at Deutsche Bank Valeant (VRX) Stock Receives 'Hold' Rating at Deutsche Bank
- September 21, 2016

Valeant Pharmaceuticals International Inc said its discount and rebates program for two high-priced heart drugs would cover over 90 percent USA hospitals once it had finalized the last of the 14 group purchasing organizations. Overweight rating was given by "1" and Underweight rating was given by "0". A current consensus EPS estimate for next quarter is at $2.07 and 3 month ago EPS forecast was $1.99. (more...)
Neil Young protests Dakota Access pipeline with new song
- September 21, 2016

There are also clips of the recent protests against the pipeline. In what they called a show of solidarity with the Standing Rock Sioux Tribe, demonstrators from across IL gathered near the end of the proposed Dakota Access oil pipeline in rural Marion County on Sunday. (more...)
TSX rises to 1-week high as banks gain, energy weighs TSX rises to 1-week high as banks gain, energy weighs
- September 21, 2016

TORONTO, Sept 20 Canada's main stock index rose on Tuesday as financial and industrial stocks made gains, while the energy sector weighed with a pullback in oil prices. The central bank is expected to leave rates unchanged at the two-day meeting, but investors will assess Fed Chair Janet Yellen's speech on Wednesday for clues on the timing of the next rate hike. (more...)
Ronaldo and Bale to make Real return against Villarreal
- September 21, 2016

Real Madrid head coach Zinedine Zidane said Ronaldo and Bale will appear against Villarreal. After missing out on the title by one point last season, Dani Carvajal says Real Madrid will not be giving anything away this term. The goals came at crucial junctures of the match for Real: the first, on the stroke of halftime, changed the complexion of the game completely, while the second allowed Real to finish the game at ambling pace. (more...)
Did Trump use charity money to settle business lawsuits? Did Trump use charity money to settle business lawsuits?
- September 21, 2016

In a 2007 case, The Post found that the Trump foundation made $100,000 in donations to a veterans charity to settle fines that had been brought by the city of Palm Beach, Fla., against Trump's Mar-a-Lago Club. Trump could be found in violation of self-dealing rules from the Internal Revenue Service, according to the Post , which could require him to pay penalties or reimburse the foundation's money. (more...)
Stocks solid a day of crucial Fed and Bank of Japan meeting Stocks solid a day of crucial Fed and Bank of Japan meeting
- September 21, 2016

The euro was flat at $1.11750. Meanwhile, U.S. Treasurys traded mixed, with the two-year note yield traded at 0.77 percent and the benchmark 10-year note yield around 1.67 percent. Its finance minister, though, made a strident call for a cut on Monday. This leaves us, frankly, more cautious as we look ahead from a markets perspective and while we'd like to be bearish in here, we're very cognizant that much of the steepening pressure is already priced in and we could simply be left to "buy ... (more...)
Krrish 4 release postponed to avoid clash with SRK film Krrish 4 release postponed to avoid clash with SRK film
- September 21, 2016

He flew off to London on Monday. SpotboyE quoted a source saying that Rai will start the recce tomorrow. The films include Rakesh Roshan's Krrish 4 and SRK's untitled next with Aanand L. We shot the film in 50 days, and we have only two more weeks of shooting left. Some distributors suggested I move my film as Hrithik was a newcomer. (more...)
Bombing suspect's father contacted the feds in 2014
- September 21, 2016

NY bombings suspect, Ahmad Khan Rahami, an Afghanistan-born American, had travelled multiple times to Pakistan and Afghanistan, and was even married to a Pakistani woman, investigations have revealed. "I have no indication that there is a cell operating in the area or in the city", Sweeney said. The FBI described Rahami as a US citizen of Afghan descent with a last known address in Elizabeth, New Jersey - the same city where an explosives-laden backback was found Sunday night. (more...)
Wells Fargo CEO to take 'full responsibility' in Senate hearing - NY Times
- September 21, 2016

In response, Stumpf reiterated that the 5,300 workers the company has said it fired after discovering the wrongful sales practices represented only 1 percent of the bank's employees. The Wells Fargo & Co. chief executive officer took fire from Democrats and Republicans alike, who blasted the executive's handling of a scandal over the opening of more than 2 million accounts without customers' authorization, as employees sought to meet cross-selling targets. (more...)
Sports Direct announces review of working practices Sports Direct announces review of working practices
- September 21, 2016

Agencies Transline and The Best Connection (TBC) supply over 3,000 agency workers to work for Sports Direct in its Shirebrook warehouse. The review was originally meant to be carried out by RPC , a law firm, whose first report into working practices at Sports Direct's giant Shirebrook complex in Derbyshire found "serious shortcomings". (more...)
GSK names Emma Walmsley as new chief executive GSK names Emma Walmsley as new chief executive
- September 21, 2016

But shares dipped almost 1% after the announcement. The pharmco's shares have gained more than 27 percent over the past year, and are up by some 19 percent in the year-to-date. Alongside the Novartis deal, the latter part of Witty's tenure was clouded by Chinese authorities fining GSK the equivalent of nearly half a billion dollars in 2014 over alleged bribery. (more...)
Tiahleigh Palmer murder investigation: Foster father to be charged with murder Tiahleigh Palmer murder investigation: Foster father to be charged with murder
- September 21, 2016

Tiahleigh Palmer's naked body was found on a riverbank nearly a week after she vanished in Beenleigh, Queensland, Australia, in November a year ago. The 12-year-old's foster father was yesterday charged with her murder. Tiahleigh Palmer's foster father has been arrested over the schoolgirl's murder. You might remember the tragic disappearance of Queensland schoolgirl Tiahleigh Palmer past year? "Make no mistake, this is an investigation that is close to the hearts of all officers whose ... (more...)
Colombia's FARC kicks off last congress as guerrilla army
- September 21, 2016

The European Union and 20 other nations have also pledged financial and technical support for Colombia's demining effort. The Revolutionary Armed Forces of Colombia (FARC), a Marxist guerrilla group launched in 1964, is holding its 10th national conference in El Caguan, its Switzerland-sized stronghold, to ratify a peace accord hashed out in almost four years of talks. (more...)

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