Markets


Section Of Pipeline Halted By Federal Court Section Of Pipeline Halted By Federal Court
- September 21, 2016

The Prairie Band Potawatomi Nation has pledged its support for the Standing Rock Sioux Tribe as it protests the Dakota Access Pipeline , it has been reported. Although Dunnington said he doesn't plan to get arrested, he supports fellow protesters that do. According to the Rolling Stone, Young's video includes footage from the recent protests against the access pipeline that some argue is major threat to the environment. (more...)
Iran supports 'any decision' to stabilise oil market: minister Iran supports 'any decision' to stabilise oil market: minister
- September 21, 2016

U.S (Other OTC: UBGXF - news). crude for October, which did not settle on Monday due to the Labor Day holiday, was at $44.42, down 2 cents from Friday's close. The key question for a potential freeze, therefore, would be at which levels production is frozen. Additionally, the Saudi Energy Minister Khalid al-Falih said there was no need for an output freeze at this moment, as crude oil prices were bound to go up with the current improvement of the market, undermining remaining hopes of any ... (more...)
Immigrant wanted in NY-area bombings captured in shootout Immigrant wanted in NY-area bombings captured in shootout
- September 21, 2016

He and other officials also urged patience regarding the investigation, saying they didn't want to rush the case or jeopardize it in any way. Ahmad Rahami being taken into police custody on a stretcher. Rahami is suspected of being involved in three incidents throughout the weekend - a bombing along the route of a New Jersey charity race Saturday morning, a bombing Saturday night in New York City that injured 29 people, and the planting of additional devices in Elizabeth, New Jersey, on ... (more...)
United Kingdom grocery sales rise on alcohol boost, Tesco strength - Kantar United Kingdom grocery sales rise on alcohol boost, Tesco strength - Kantar
- September 21, 2016

McKevitt noted that, although Tesco's sales have not yet returned to growth, a decline of 0.2% year-on-year is its best performance since March 2014. Tesco , which is fighting back from an accounting scandal and slumping profits, was the best performer of the big four supermarkets in the 12 weeks to September 11. (more...)
Racial wage gap widest in nearly 4 decades Racial wage gap widest in nearly 4 decades
- September 21, 2016

Published Tuesday, the report includes several disturbing statistics about the disparity between what black and white people are paid for comparable work, including that black men earned almost a quarter less (22 percent) than white men for similar work in 2015. (more...)
Eurobank Stocks Under Pressure Amid Deutsche Bank's $14 Billion Probe
- September 21, 2016

The British state-backed lender has waited many months to hear how US authorities including the Department of Justice (DoJ) and Federal Housing Finance Agency intend to punish its alleged mis-selling of asset-backed securities in the run up to the financial crisis. (more...)
B&Q owner Kingfisher vows to step up turnaround plan as profits rise B&Q owner Kingfisher vows to step up turnaround plan as profits rise
- September 21, 2016

In the United Kingdom and Ireland, Kingfisher saw same-store sales rise 6.7% thanks to a "broadly supportive backdrop" and a sales surge at its Screwfix chain. In France the firm remains cautious on the short-term outlook. B&Q and Castorama owner Kingfisher plc (LON:KGF) boosted first-half profits but warned on uncertainty created by the European Union referendum. (more...)
Wells Fargo replaces key executive in fake accounts scandal Wells Fargo replaces key executive in fake accounts scandal
- September 21, 2016

She said she was reprimanded when she made a decision to stop pressuring her employees to push products customers didn't want or need, as the bank pursued a cross-selling initiative of eight products per household. In a note to clients, FBR analysts Edward Mills, Paul Miller, Tim Hayes and Ian Swanberg write that Stumpf's testimony could prove to be a turning point for Wells Fargo and the industry as a whole. (more...)
Governor Deal signs executive order prohibiting price gouging on fuel Governor Deal signs executive order prohibiting price gouging on fuel
- September 21, 2016

According to reports , a spill happened in a part of the pipeline in Helena, a rural part of Birmingham, Ala. Alpharetta-based Colonial Pipeline Company estimates between 252,000 gallons and 336,000 gallons of fuel leaked in the spill, which was discovered September 9. (more...)
Gold struggles to shine ahead of central bank decisions Gold struggles to shine ahead of central bank decisions
- September 21, 2016

Prices for the 10-year Treasury increased, lowering yields to 1.67% from Monday's 1.71%. Nonetheless, producer prices have been falling since August 2013. Despite this pressure, the upcoming central bank decisions could make a significantly positive impact on the price of gold, particularly if a dovish-talking Fed refrains from raising rates, as widely expected, and the USA dollar drops as a result. (more...)
Slovakian PM: Britain Will Find Brexit 'Very Painful' Slovakian PM: Britain Will Find Brexit 'Very Painful'
- September 21, 2016

May, though, isn't concerned by the threats. Prime Minister Theresa May said on Tuesday Britain will not turn away from the world after the unexpected Brexit vote and will remain at the heart of worldwide affairs. Since then, the main talking point has been how hard negotiating the country's official departure from the EU could be for May's government given the refusal of European leaders to compromise on key issues. (more...)
Machinery makers lead United States stocks higher in early trading
- September 21, 2016

Bond prices rose. The yield on the 10-year U.S. Treasury note fell to 1.69 percent from 1.71 percent. Among key stocks, Hero MototCorp, Bajaj Auto, Bharti Airtel, Adani Ports and Infosys slipped between 1%-2.5%. The FTSE 100 index of leading British shares was 0.6 percent higher at 6,851. The Australian Securities Exchange opened without incident on Tuesday after technical faults caused extensive disruptions on Monday. (more...)
Light-rail transit train derails during morning rush in northwest Calgary Light-rail transit train derails during morning rush in northwest Calgary
- September 21, 2016

The CTrain operator, a woman in her early 60s, suffered serious injuries, and was transported to the Foothills Medical Center. There were two people on the train besides the driver. Paramedics feared the worst when they arrived. Police say the C-train derailed at the Tuscany station at around 7 a.m. local time. "Given the amount of damage to the cab of the LRT in the driver compartment, she did require extrication however fortunately we did have good access at the scene". (more...)
TPG FY results jump after iiNet takeover TPG FY results jump after iiNet takeover
- September 21, 2016

Excluding irregular items, underlying EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the year was up by 60% to $775.3 million, including a maiden contribution from iiNet of $248.9 million in just over 11 months since the acquisition. (more...)
UK: Financial fraud incidents happen every 15 seconds UK: Financial fraud incidents happen every 15 seconds
- September 21, 2016

That's why FFA UK is launching its 'Take Five' campaign with new research revealing that a quarter (26%) of Brits admit they still provide personal details to people claiming to be from their bank even if they don't think they should. Last year, financial fraud losses reached £755 million which represented a 26% rise in 12 months. Backing the campaign, commissioner City of London Police Ian Dyson, the national policing lead for fraud, said: "Fraud and cyber crime account for almost half of ... (more...)
As Wells Fargo Faces Senate Panel, Elizabeth Warren Calls for Criminal Charges
- September 21, 2016

First up at Tuesday's Senate hearing was Wells Fargo CEO John Stumpf , who was grilled by the committee for nearly three hours. The exchange between Warren and Strumpf reached its most tense point when Senator Warren brought up the chief executive's stock-based compensation during the years that the Wells Fargo fraud occurred. (more...)
One cup is stealing the spotlight away from the other
- September 21, 2016

Pieters also impressed under pressure when he fired a stunning 62 while playing with Ryder Cup captain Darren Clarke at the Made In Denmark tournament, and he went on to birdie the final three holes to win the title and earn his place for Hazeltine. (more...)
Sprint CEO Brushes Off Samsung Galaxy Impact
- September 21, 2016

The South Korean company has been scrambling to fix problems caused by faulty batteries in the latest version of its top-of-the-line smartphone, which first went on sale last month. Samsung SDI Co. were the manufacturer of Note 7 batteries for all consignments, except China. All customers who have purchased a Galaxy Note 7 will be able to swap the device for a new one - but as of Tuesday, retail stores still have little if any replacement stock. (more...)
Syria opposition figure: truce 'clinically dead'
- September 21, 2016

He said the US was willing to extend the cease-fire despite the statement from Assad's government. The Syrian military said the airstrikes enabled an IS advance on a hill overlooking the air base. The world body suspended aid deliveries and a Syrian human rights group reported that the government launched an offensive north of Aleppo in a bid to tighten the siege on rebel-held parts of Syria's largest city. (more...)
US Congress Report On Snowden 'Aggressively Dishonest'
- September 21, 2016

All the members of the committee sent a bipartisan letter to President Barack Obama urging him not to pardon Mr Snowden . He continues: "I was very happy to learn Oliver Stone had decided to make a film about Edward Snowden and believe this is a powerful and inspiring film". (more...)

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