Markets
Shares of Deutsche Bank plunge amid U.S. legal dispute
- September 22, 2016
Deutsche Bank has raised 31.7 billion euros through in three capital increases since the global financial crisis erupted and was among the worst-capitalized lenders in European stress tests earlier this year. If Trump is president, this case will become even more complicated since his ties to Deutsche Bank run deep. While traders have all but ruled out the possibility of the Fed raising interest rates at its meeting on Tuesday and Wednesday, residual doubts and questions about when the ... (more...)
- September 22, 2016
Deutsche Bank has raised 31.7 billion euros through in three capital increases since the global financial crisis erupted and was among the worst-capitalized lenders in European stress tests earlier this year. If Trump is president, this case will become even more complicated since his ties to Deutsche Bank run deep. While traders have all but ruled out the possibility of the Fed raising interest rates at its meeting on Tuesday and Wednesday, residual doubts and questions about when the ... (more...)
Most voters 'frustrated,' 'disgusted' with 2016 election
- September 22, 2016
On Monday, Clinton's campaign sent out a memo hoping to ease the concerns of supporters and reminded them the Democrats have the easiest pathway to 270 electoral votes. A 78-year-old woman supporting Clinton described her as "a seasoned veteran" who "can get things done". The North Carolina poll confirms that Hillary Clinton has a huge political asset in the popularity of President Obama. (more...)
- September 22, 2016
On Monday, Clinton's campaign sent out a memo hoping to ease the concerns of supporters and reminded them the Democrats have the easiest pathway to 270 electoral votes. A 78-year-old woman supporting Clinton described her as "a seasoned veteran" who "can get things done". The North Carolina poll confirms that Hillary Clinton has a huge political asset in the popularity of President Obama. (more...)
Stocks rise after Bank of Japan move, ahead of Fed
- September 22, 2016
Locally, the Bangko Sentral ng Pilipinas is also set to hold its policy-setting meeting today. Investors will look for any hints of a rate increase later this year. That would come in the form of a Fed promise to let inflation rise above its 2 percent target to ensure the threat of deflation and a new downturn has passed. (more...)
- September 22, 2016
Locally, the Bangko Sentral ng Pilipinas is also set to hold its policy-setting meeting today. Investors will look for any hints of a rate increase later this year. That would come in the form of a Fed promise to let inflation rise above its 2 percent target to ensure the threat of deflation and a new downturn has passed. (more...)
Obama endorses self-driving cars as USA issues safety checklist
- September 22, 2016
They include a 15-point safety checklist for driverless vehicles, recommendations for state policies that would standardize autonomous vehicle regulations, and reinforce the NHTSA's role in regulating both driverless and human cars. There remain two main barriers to the wide-scale introduction of autonomous cars: technological and regulatory. The National Highway Traffic Safety Administration is investigating the crash to determine if any safety flaws exist in the Autopilot mode. (more...)
- September 22, 2016
They include a 15-point safety checklist for driverless vehicles, recommendations for state policies that would standardize autonomous vehicle regulations, and reinforce the NHTSA's role in regulating both driverless and human cars. There remain two main barriers to the wide-scale introduction of autonomous cars: technological and regulatory. The National Highway Traffic Safety Administration is investigating the crash to determine if any safety flaws exist in the Autopilot mode. (more...)
Philippine President Rodrigo Duterte Responds to E.U. With Profanity
- September 22, 2016
Duterte has lashed out at any criticism of his campaign, unleashing a tirade that prompted US President Barack Obama to cancel a meeting with him planned on the sidelines of an Asian leaders summit earlier this month. Singling out France and Britain, Duterte said the parliament's members were "hypocrites" whose colonial-era ancestors killed "thousands" of Arabs and other peoples. (more...)
- September 22, 2016
Duterte has lashed out at any criticism of his campaign, unleashing a tirade that prompted US President Barack Obama to cancel a meeting with him planned on the sidelines of an Asian leaders summit earlier this month. Singling out France and Britain, Duterte said the parliament's members were "hypocrites" whose colonial-era ancestors killed "thousands" of Arabs and other peoples. (more...)
Japan tweaks policy, but keeps minus interest rate unchanged
- September 22, 2016
In a 61-page assessment, the BOJ said its "quantitative and qualitative easing", monetary policy, known as QQE, had succeeded in ending deflation, or falling prices. The Dow Jones industrial average gained 49 points, or 0.3 percent, to 18,177. Futures markets are expecting an increase in interest rates in December this year, but they are no expecting a hike tomorrow. (more...)
- September 22, 2016
In a 61-page assessment, the BOJ said its "quantitative and qualitative easing", monetary policy, known as QQE, had succeeded in ending deflation, or falling prices. The Dow Jones industrial average gained 49 points, or 0.3 percent, to 18,177. Futures markets are expecting an increase in interest rates in December this year, but they are no expecting a hike tomorrow. (more...)
Fed says case for rate increase has strengthened
- September 22, 2016
The push for higher rates in the USA is in stark contrast to the situation in the United Kingdom where the Bank of England last month cut interest rates from 0.5 per cent to a new low of 0.25 per cent following the Brexit vote. The central bank's so-called "dot plot", which it uses to signal its outlook for the path of interest rates, showed that officials expected one quarter-point rate increase this year. (more...)
- September 22, 2016
The push for higher rates in the USA is in stark contrast to the situation in the United Kingdom where the Bank of England last month cut interest rates from 0.5 per cent to a new low of 0.25 per cent following the Brexit vote. The central bank's so-called "dot plot", which it uses to signal its outlook for the path of interest rates, showed that officials expected one quarter-point rate increase this year. (more...)
Bridal party poses with puppies (!!!) instead of flowers
- September 22, 2016
The nonprofit is an all-volunteer group that specializes in saving and finding homes for pit bulls and pit bull mixes in central Pennsylvania. The pups were all up for adoption at the September 10 wedding, and while it's hard to believe they haven't been snatched up since, the photographer, Caroline Logan , says that's the case. (more...)
- September 22, 2016
The nonprofit is an all-volunteer group that specializes in saving and finding homes for pit bulls and pit bull mixes in central Pennsylvania. The pups were all up for adoption at the September 10 wedding, and while it's hard to believe they haven't been snatched up since, the photographer, Caroline Logan , says that's the case. (more...)
Fed Chair Janet Yellen Defensive Against Trump Accusations
- September 22, 2016
Fed officials also cut their 2016 growth forecast for the US economy to 1.8%, from a 2.0% projection in June, and lowered their long-term view on the growth rate to 1.8% from 2%. Shortly after the Fed began raising rates last year-for the first time in over a decade-turmoil in United States markets and uncertainty overseas convinced many officials to delay further rate increases. (more...)
- September 22, 2016
Fed officials also cut their 2016 growth forecast for the US economy to 1.8%, from a 2.0% projection in June, and lowered their long-term view on the growth rate to 1.8% from 2%. Shortly after the Fed began raising rates last year-for the first time in over a decade-turmoil in United States markets and uncertainty overseas convinced many officials to delay further rate increases. (more...)
First Oil Export from Ras Lanuf Since 2014
- September 22, 2016
A tanker filled with more than 700,000 barrels of oil has left Libya for Italy from a port closed for about two years, according to published reports Wednesday. Despite the fighting for control of the terminals, the GNA said on Wednesday it supported the NOC's efforts to boost exports. Oil prices rose Monday after the tanker was turned back, as concerns grew over supply. (more...)
- September 22, 2016
A tanker filled with more than 700,000 barrels of oil has left Libya for Italy from a port closed for about two years, according to published reports Wednesday. Despite the fighting for control of the terminals, the GNA said on Wednesday it supported the NOC's efforts to boost exports. Oil prices rose Monday after the tanker was turned back, as concerns grew over supply. (more...)
Asian shares gain as Bank of Japan tweaks monetary policy
- September 22, 2016
Japan's trade balance slipped into deficit in August, for the first time in three months, as a stronger yen sapped exports, the Finance Ministry reported Wednesday, Sept. The broader US equity market traded tentatively higher Wednesday after the FOMC decision but caught fire later in the day after Yellen's 2 p.m. The statement stated that the case for a rate hike had strengthened, but the committee chose to wait for further evidence. (more...)
- September 22, 2016
Japan's trade balance slipped into deficit in August, for the first time in three months, as a stronger yen sapped exports, the Finance Ministry reported Wednesday, Sept. The broader US equity market traded tentatively higher Wednesday after the FOMC decision but caught fire later in the day after Yellen's 2 p.m. The statement stated that the case for a rate hike had strengthened, but the committee chose to wait for further evidence. (more...)
New RBA governor under the spotlight
- September 22, 2016
The minutes released today showed that the Board judged the current stance of monetary policy was consistent with sustainable growth in the Australian economy and achieving the inflation target over time. Capital Economics said on Tuesday that third-quarter inflation data out late next month could feasibly prompt the RBA to cut rates again in November. (more...)
- September 22, 2016
The minutes released today showed that the Board judged the current stance of monetary policy was consistent with sustainable growth in the Australian economy and achieving the inflation target over time. Capital Economics said on Tuesday that third-quarter inflation data out late next month could feasibly prompt the RBA to cut rates again in November. (more...)
Evenflo recalls booster seats; children can loosen harness
- September 22, 2016
To provide proper restraint in the first mode-the forward-facing harnessed booster mode-the Transitions' internal harness must be tightened to fit snugly around the child. What Owners Should Do: The manufacturer will start notifying affected owners Monday. "Before receipt of your remedy kit, Evenflo asks consumers to pay attention to whether their children are accessing the CFA area". (more...)
- September 22, 2016
To provide proper restraint in the first mode-the forward-facing harnessed booster mode-the Transitions' internal harness must be tightened to fit snugly around the child. What Owners Should Do: The manufacturer will start notifying affected owners Monday. "Before receipt of your remedy kit, Evenflo asks consumers to pay attention to whether their children are accessing the CFA area". (more...)
Most recent Analysts Rating report: Duke Realty Corporation (NYSE:DRE)
- September 22, 2016
Heitman Real Estate Securities LLC now owns 933,668 shares of the real estate investment trust's stock worth $90,454,000 after buying an additional 777,396 shares during the period. A number of equities analysts have recently issued reports on SLG shares. BTIG Research assumed coverage on shares of SL Green Realty Corp.in a research report on Thursday, August 25th. (more...)
- September 22, 2016
Heitman Real Estate Securities LLC now owns 933,668 shares of the real estate investment trust's stock worth $90,454,000 after buying an additional 777,396 shares during the period. A number of equities analysts have recently issued reports on SLG shares. BTIG Research assumed coverage on shares of SL Green Realty Corp.in a research report on Thursday, August 25th. (more...)
Petrobras cuts five-year spending plan 25% to $74 billion
- September 22, 2016
Following the scandal, it has been hard for Petrobras - which is presently the most indebted company in the world - to raise money, both in the debt and the equity markets. Parente said that big efficiency gains and higher-than-expected output from new offshore wells will allow Petrobras to meet its targets in the years ahead. (more...)
- September 22, 2016
Following the scandal, it has been hard for Petrobras - which is presently the most indebted company in the world - to raise money, both in the debt and the equity markets. Parente said that big efficiency gains and higher-than-expected output from new offshore wells will allow Petrobras to meet its targets in the years ahead. (more...)
United Kingdom gives green light to $24 billion Hinkley nuclear project
- September 22, 2016
The Government said existing legal powers, and the new legal framework , would mean it was able to intervene in the sale of EDF's stake once Hinkley is operational. The Hinkley Point C project has been criticised for its expenses - it's the most expensive energy project in Europe - as well as for its Chinese involvement. (more...)
- September 22, 2016
The Government said existing legal powers, and the new legal framework , would mean it was able to intervene in the sale of EDF's stake once Hinkley is operational. The Hinkley Point C project has been criticised for its expenses - it's the most expensive energy project in Europe - as well as for its Chinese involvement. (more...)
I am improving under Guardiola - Iheanacho
- September 22, 2016
Full debutant Islam Slimani scored twice as champions Leicester City won 3-0 at home to Burnley and there were also wins for Arsenal and West Bromwich Albion. Bournemouth boss Eddie Howe, meanwhile, accepted his side were outplayed. By starting the season with eight successive victories, Guardiola's City have achieved something unprecedented for the club. (more...)
- September 22, 2016
Full debutant Islam Slimani scored twice as champions Leicester City won 3-0 at home to Burnley and there were also wins for Arsenal and West Bromwich Albion. Bournemouth boss Eddie Howe, meanwhile, accepted his side were outplayed. By starting the season with eight successive victories, Guardiola's City have achieved something unprecedented for the club. (more...)
Tesla to boost radar as it tries to improve Autopilot safety
- September 22, 2016
Tesla CEO Elon Musk told reporters on Sunday that in order to detect obstacles ahead, the cars will put their on-board radar systems to greater use, reports the BBC . The Model S, traveling at 74 miles per hour with a 65 miles per hour speed limit, hit the trailer and traveled under it before veering off the road, killing driver Joshua Brown . (more...)
- September 22, 2016
Tesla CEO Elon Musk told reporters on Sunday that in order to detect obstacles ahead, the cars will put their on-board radar systems to greater use, reports the BBC . The Model S, traveling at 74 miles per hour with a 65 miles per hour speed limit, hit the trailer and traveled under it before veering off the road, killing driver Joshua Brown . (more...)
Clinton Foundation to Lay Off Dozens By End of Year
- September 22, 2016
While Bill Clinton prepares for what is expected to be an impassioned defense of their philanthropic efforts, which have been at the center of accusations that the Clintons used their foundation to sell access while Hillary Clinton led the State Department, Politico reports that the Clinton Global Initiative is preparing to lay off dozens of staffers. (more...)
- September 22, 2016
While Bill Clinton prepares for what is expected to be an impassioned defense of their philanthropic efforts, which have been at the center of accusations that the Clintons used their foundation to sell access while Hillary Clinton led the State Department, Politico reports that the Clinton Global Initiative is preparing to lay off dozens of staffers. (more...)
Stockpile Draw Drives Oil Prices Up
- September 22, 2016
In the week before last, oil inventories registered a 600,000-barrel draw, EIA data showed. In the case of crude oil, inventories declined by 6.2 million barrels, compared to expectations for a gain of 3.35 million barrels. crude inventories fell by 7.5 million barrels for the week ended September 16, drawing unexpectedly for a third week in a row. Oil prices rose more than 2% Wednesday after government data showed a third surprise weekly drawdown in USA crude inventories, while investors ... (more...)
- September 22, 2016
In the week before last, oil inventories registered a 600,000-barrel draw, EIA data showed. In the case of crude oil, inventories declined by 6.2 million barrels, compared to expectations for a gain of 3.35 million barrels. crude inventories fell by 7.5 million barrels for the week ended September 16, drawing unexpectedly for a third week in a row. Oil prices rose more than 2% Wednesday after government data showed a third surprise weekly drawdown in USA crude inventories, while investors ... (more...)
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Oil prices nudge up on Chinese economic data