Markets
Flipkart crosses 100 million customers milestone
- September 22, 2016
Flipkart has reported 100 million registered users, which makes it the first online marketplace in India to achieve this milestone. A Flipkart spokeswoman said that these numbers are for Flipkart alone, and do not include the users of its fashion portals Myntra and Jabong. (more...)
- September 22, 2016
Flipkart has reported 100 million registered users, which makes it the first online marketplace in India to achieve this milestone. A Flipkart spokeswoman said that these numbers are for Flipkart alone, and do not include the users of its fashion portals Myntra and Jabong. (more...)
Walmart awards cash bonuses to nearly a million workers
- September 22, 2016
The retailer indicated the evolved incentive plan was meant to reward associates if their stores met performance criteria beyond the customer service goals. Walmart has about 4,600 stores and 1.5 million employees in the U.S. That includes employees outside stores, like truck drivers and distribution center workers, and employees of Sam's Club. (more...)
- September 22, 2016
The retailer indicated the evolved incentive plan was meant to reward associates if their stores met performance criteria beyond the customer service goals. Walmart has about 4,600 stores and 1.5 million employees in the U.S. That includes employees outside stores, like truck drivers and distribution center workers, and employees of Sam's Club. (more...)
New rules of the road? Highway code for driverless cars issued
- September 22, 2016
Department of Transportation issued its regulatory guidelines for self-driving cars, in an attempt to help automakers prepare for the transition to driverless vehicles. Though companies are not required to follow the guidance - it is voluntary and does not carry the force of formal regulation - Foxx said he expects compliance. (more...)
- September 22, 2016
Department of Transportation issued its regulatory guidelines for self-driving cars, in an attempt to help automakers prepare for the transition to driverless vehicles. Though companies are not required to follow the guidance - it is voluntary and does not carry the force of formal regulation - Foxx said he expects compliance. (more...)
Oil prices rally on inventory data
- September 22, 2016
U.S. crude oil inventories registered a large fall in the latest week, alongside a large drop in some product stockpiles. American Petroleum Institute's (API) weekly crude stocks data, revealed a 7.5 million barrel fall to 507.2 million barrels in US crude inventories, while analysts expected a growth of approximately 2.3 million barrels. (more...)
- September 22, 2016
U.S. crude oil inventories registered a large fall in the latest week, alongside a large drop in some product stockpiles. American Petroleum Institute's (API) weekly crude stocks data, revealed a 7.5 million barrel fall to 507.2 million barrels in US crude inventories, while analysts expected a growth of approximately 2.3 million barrels. (more...)
Janet Yellen fires back at Trump: Fed is not political
- September 22, 2016
Investors are positioning for a rate increase at the end of the year. "The committee judges that the case for an increase in the federal funds rate has strengthened, but decided, for the time being, to wait for further evidence of continued progress toward its objectives", read the Fed statement. (more...)
- September 22, 2016
Investors are positioning for a rate increase at the end of the year. "The committee judges that the case for an increase in the federal funds rate has strengthened, but decided, for the time being, to wait for further evidence of continued progress toward its objectives", read the Fed statement. (more...)
Drugmakers fought state opioid limits amid crisis
- September 22, 2016
Overdose deaths from prescription painkillers have soared nationwide since 2000, although they have decreased slightly in Mississippi. The drugmakers told the AP and the center they don't take policy positions, and have been trying have a positive impact on the crisis through steps such as designing opioids which are harder to abuse, and supporting state-level databases meant to stop "doctor-shopping" by addicts seeking to find doctors to supply them. (more...)
- September 22, 2016
Overdose deaths from prescription painkillers have soared nationwide since 2000, although they have decreased slightly in Mississippi. The drugmakers told the AP and the center they don't take policy positions, and have been trying have a positive impact on the crisis through steps such as designing opioids which are harder to abuse, and supporting state-level databases meant to stop "doctor-shopping" by addicts seeking to find doctors to supply them. (more...)
Puerto Rico hit with islandwide blackout after fire erupts
- September 22, 2016
EST, according to Angel Figueroa Jaramillo, President of Utier, the Electrical Industry and Irrigation Workers Union on the island. Authority of Electric Energy, the firm that provides power to the island, is carrying out an investigation to determine what happened. (more...)
- September 22, 2016
EST, according to Angel Figueroa Jaramillo, President of Utier, the Electrical Industry and Irrigation Workers Union on the island. Authority of Electric Energy, the firm that provides power to the island, is carrying out an investigation to determine what happened. (more...)
US House panel to hold hearing on Wells Fargo accounts scandal
- September 22, 2016
That was a response to a push for branch workers to meet stringent sales goals, signing up each customer for multiple accounts in a move known as cross-selling. The recent fine of $185 million handed down to Wells Fargo, following an investigation by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, highlights the importance of choosing your banking partner carefully. (more...)
- September 22, 2016
That was a response to a push for branch workers to meet stringent sales goals, signing up each customer for multiple accounts in a move known as cross-selling. The recent fine of $185 million handed down to Wells Fargo, following an investigation by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, highlights the importance of choosing your banking partner carefully. (more...)
Navjot Sidhu fits better in comedy shows: Amarinder Singh
- September 22, 2016
Sidhu is reportedly gearing up for the Punjab assembly elections and will be back in Amritsar on October 1st. Amarinder said he will ensure that the resignation by the party MLA Ramanjit Singh Sikki to protest against the issue did not go waste. (more...)
- September 22, 2016
Sidhu is reportedly gearing up for the Punjab assembly elections and will be back in Amritsar on October 1st. Amarinder said he will ensure that the resignation by the party MLA Ramanjit Singh Sikki to protest against the issue did not go waste. (more...)
Odds of Rate Hike Plummet After Fed Governor Speech
- September 22, 2016
The pan-European index rose as much as 0.6 percent in morning deals as investors took some comfort from Brainard, who said that the Fed should avoid removing support for the USA economy too quickly. Energy Information Administration reported that crude inventories fell 559,000 barrels during the week ended September 9. vs.an expectation of 3.8 million barrels while U.S dollar index is down 0.05%. (more...)
- September 22, 2016
The pan-European index rose as much as 0.6 percent in morning deals as investors took some comfort from Brainard, who said that the Fed should avoid removing support for the USA economy too quickly. Energy Information Administration reported that crude inventories fell 559,000 barrels during the week ended September 9. vs.an expectation of 3.8 million barrels while U.S dollar index is down 0.05%. (more...)
FDA Approves First Drug for Duchenne Muscular Dystrophy
- September 22, 2016
Exondys 51 could sell for $350,000 a year, according to Michelle Gilson , an analyst for Oppenheimer & Co., an investment bank. Although Duchenne muscular dystrophy primarily affects boys, it can in rare cases also affect girls. "Patients with a particular type of Duchenne muscular dystrophy will now have access to an approved treatment for this rare and devastating disease", Janet Woodcock, MD , director of the FDA's Center for Drug Evaluation and Researcher, said in a press release. (more...)
- September 22, 2016
Exondys 51 could sell for $350,000 a year, according to Michelle Gilson , an analyst for Oppenheimer & Co., an investment bank. Although Duchenne muscular dystrophy primarily affects boys, it can in rare cases also affect girls. "Patients with a particular type of Duchenne muscular dystrophy will now have access to an approved treatment for this rare and devastating disease", Janet Woodcock, MD , director of the FDA's Center for Drug Evaluation and Researcher, said in a press release. (more...)
Iowans arrested while protesting Dakota Access Pipeline
- September 22, 2016
Protestors to the pipeline believe that the construction, which is expected to run from North Dakota to Southern Illinois, could negatively impact the Missouri River, which is their water source. Donations and supplies are sent to Standing Rock. Federal government agencies intervened last week after a district court ruled in favor of the pipeline construction, calling for a temporary halt to construction on parts of the pipeline until the Army Corps of Engineers can determine a full range of ... (more...)
- September 22, 2016
Protestors to the pipeline believe that the construction, which is expected to run from North Dakota to Southern Illinois, could negatively impact the Missouri River, which is their water source. Donations and supplies are sent to Standing Rock. Federal government agencies intervened last week after a district court ruled in favor of the pipeline construction, calling for a temporary halt to construction on parts of the pipeline until the Army Corps of Engineers can determine a full range of ... (more...)
BoJ gives equities a boost before Fed
- September 22, 2016
Some commentators saw biblical references in the tweetstorm. And last month chief of the Fed Janet Yellen said the case for raising rates had strengthen in recent months. Brent crude, used to price global oils, rose 95 cents, or 2.1 percent, to $46.83 a barrel in London. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said USA growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation. (more...)
- September 22, 2016
Some commentators saw biblical references in the tweetstorm. And last month chief of the Fed Janet Yellen said the case for raising rates had strengthen in recent months. Brent crude, used to price global oils, rose 95 cents, or 2.1 percent, to $46.83 a barrel in London. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said USA growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation. (more...)
Bank of Japan switches strategy
- September 22, 2016
Talk of tightening United States rates and a lack of easing of late from other central banks has fuelled debate that the age of easy money - which has helped fuel a rally on global markets - could be ending, sparking fears of a painful correction. (more...)
- September 22, 2016
Talk of tightening United States rates and a lack of easing of late from other central banks has fuelled debate that the age of easy money - which has helped fuel a rally on global markets - could be ending, sparking fears of a painful correction. (more...)
Fonterra lifts farmgate milk payout for current season
- September 22, 2016
Dairy prices - aside from a brief spike higher around this time a year ago - have been depressed for the last two seasons because of world oversupply - particularly from the European Union - and slack demand from China. New Zealand currency fifty, dollar note (file picture). The co-operative said the result reflected a stronger business despite ongoing challenges in global dairy markets. (more...)
- September 22, 2016
Dairy prices - aside from a brief spike higher around this time a year ago - have been depressed for the last two seasons because of world oversupply - particularly from the European Union - and slack demand from China. New Zealand currency fifty, dollar note (file picture). The co-operative said the result reflected a stronger business despite ongoing challenges in global dairy markets. (more...)
Deutsche Bank won't pay $19b
- September 22, 2016
The U.S. government is now demanding $14 billion from the bank, slightly less than the $16.9 billion settlement Bank of America made in 2014. Deutsche Bank had 5.5 billion euros set aside for litigation costs, with a further €1.7bn held as unreserved contingent litigation liabilities, but it does not spell out exactly what that sum is for. (more...)
- September 22, 2016
The U.S. government is now demanding $14 billion from the bank, slightly less than the $16.9 billion settlement Bank of America made in 2014. Deutsche Bank had 5.5 billion euros set aside for litigation costs, with a further €1.7bn held as unreserved contingent litigation liabilities, but it does not spell out exactly what that sum is for. (more...)
The story behind the Wells Fargo CEO's wounded hand
- September 22, 2016
You have now viewed your allowance of free articles. The bank has refunded more than $US2 million to its customers and is still reviewing whether other bogus fees were charged. Warren said. "Why can you not make a change here?" Stumpf acknowledged Tuesday that steps the bank took to crack down on bad behavior were not enough. (more...)
- September 22, 2016
You have now viewed your allowance of free articles. The bank has refunded more than $US2 million to its customers and is still reviewing whether other bogus fees were charged. Warren said. "Why can you not make a change here?" Stumpf acknowledged Tuesday that steps the bank took to crack down on bad behavior were not enough. (more...)
The bond market is getting it wrong
- September 22, 2016
In response to a separate question, around one-quarter of 47 economists said their conviction around a Fed hike this year had increased in the past month, while about 60 percent said it had stayed the same. Japanese bank stocks were hit Wednesday by a Nikkei report which said that the BOJ was considering an interest-rate cut at next week's policy meeting, taking rates deeper into the negative territory. (more...)
- September 22, 2016
In response to a separate question, around one-quarter of 47 economists said their conviction around a Fed hike this year had increased in the past month, while about 60 percent said it had stayed the same. Japanese bank stocks were hit Wednesday by a Nikkei report which said that the BOJ was considering an interest-rate cut at next week's policy meeting, taking rates deeper into the negative territory. (more...)
Trading in the Australian Market Suspended for the Day Following Technical Issues
- September 22, 2016
A hardware failure at the ASX main database on Monday caused opening to be delayed by more than an hour and cut short afternoon trading by about 90 minutes. New Zealand's benchmark S&P/NZX 50 index snapped three sessions of gains to slide 0.4 per cent or 27.28 points to 7,281.17. The exchange closed 23 minutes early on Monday, after trading lasted less than an hour. (more...)
- September 22, 2016
A hardware failure at the ASX main database on Monday caused opening to be delayed by more than an hour and cut short afternoon trading by about 90 minutes. New Zealand's benchmark S&P/NZX 50 index snapped three sessions of gains to slide 0.4 per cent or 27.28 points to 7,281.17. The exchange closed 23 minutes early on Monday, after trading lasted less than an hour. (more...)
Britain confirms Hinkley nuclear project with new agreement
- September 21, 2016
The plant is expected to benefit the British economy by creating thousands of jobs and hundreds of apprenticeships, and billions of pounds will be invested into the economy of southwestern England. One of the key criticisms of Point C is that this huge piece of energy infrastructure will be controlled by foreign investors. 'China will not be building this plant or operating it, ' the insider said. (more...)
- September 21, 2016
The plant is expected to benefit the British economy by creating thousands of jobs and hundreds of apprenticeships, and billions of pounds will be invested into the economy of southwestern England. One of the key criticisms of Point C is that this huge piece of energy infrastructure will be controlled by foreign investors. 'China will not be building this plant or operating it, ' the insider said. (more...)
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