Markets
Retaliatory duties for Airbus subsidies can be USD 10b a year
- September 23, 2016
U.S. Trade Representative Michael Froman said the subsidies had cost U.S. workers exports worth tens of billions of dollars. Please Wait while comments are loading. But first, a WTO arbitration panel would have to decide how much each side has suffered because of the other's subsidies in order to determine the amount of trade retaliation that each side could impose. (more...)
- September 23, 2016
U.S. Trade Representative Michael Froman said the subsidies had cost U.S. workers exports worth tens of billions of dollars. Please Wait while comments are loading. But first, a WTO arbitration panel would have to decide how much each side has suffered because of the other's subsidies in order to determine the amount of trade retaliation that each side could impose. (more...)
Tesla updates software to improve radar
- September 23, 2016
The Autopilot system now disables automatic steering if the driver ignores safety warnings and keeps their hands off the wheel. Gao Yaning, 23, died on January 20 after his white Tesla Model S crashed into a road-sweeping vehicle on a highway in the northern province of Hebei, state-run broadcaster China Central Television reported. (more...)
- September 23, 2016
The Autopilot system now disables automatic steering if the driver ignores safety warnings and keeps their hands off the wheel. Gao Yaning, 23, died on January 20 after his white Tesla Model S crashed into a road-sweeping vehicle on a highway in the northern province of Hebei, state-run broadcaster China Central Television reported. (more...)
EpiPen Maker's CEO: "We Don't Profit as Much as People Think'"
- September 23, 2016
Bresch's prepared testimony was released by the House Oversight and Government Reform Committee ahead of her September 21 appearance before the panel. "I thought it was a very cheap shot to bring my mother into this", she said, making her first public comment about the article. "About $18 million. (more...)
- September 23, 2016
Bresch's prepared testimony was released by the House Oversight and Government Reform Committee ahead of her September 21 appearance before the panel. "I thought it was a very cheap shot to bring my mother into this", she said, making her first public comment about the article. "About $18 million. (more...)
US claims for jobless aid slide to lowest level since July
- September 23, 2016
For municipalities within Shelby County, available unemployment rates included 4.5 percent for Bartlett, 4.1 percent for Collierville, 4.0 in Germantown and 6.3 percent in Memphis. The rate fell as employers laid off fewer workers. Tennessee's preliminary unemployment rate for August was 4.4 percent, up from the 4.3 revised rate of July. (more...)
- September 23, 2016
For municipalities within Shelby County, available unemployment rates included 4.5 percent for Bartlett, 4.1 percent for Collierville, 4.0 in Germantown and 6.3 percent in Memphis. The rate fell as employers laid off fewer workers. Tennessee's preliminary unemployment rate for August was 4.4 percent, up from the 4.3 revised rate of July. (more...)
Top Australian bank ANZ settles dispute with Indian tycoon Pankaj Oswal
- September 22, 2016
The couple left Australia in 2010 after the collapse of Burrup and have only returned to Australia for the duration of the complex civil court case, which is understood to be the biggest trial in Victorian Supreme Court history. The couple have simultaneously settled their dispute over a tax bill estimated to be worth more than $100 million with the Australian Taxation Office. (more...)
- September 22, 2016
The couple left Australia in 2010 after the collapse of Burrup and have only returned to Australia for the duration of the complex civil court case, which is understood to be the biggest trial in Victorian Supreme Court history. The couple have simultaneously settled their dispute over a tax bill estimated to be worth more than $100 million with the Australian Taxation Office. (more...)
First Drug Approved for Duchenne Muscular Dystrophy
- September 22, 2016
The FDA will require Sarepta to launch another clinical trial to show whether it actually improves patients symptoms. "It's wonderful for the next generation of kids with this awful disease". "There could also be significant and unjustified financial costs-if not to patients, to society". This is the seventh rare pediatric disease priority review voucher issued by the FDA since the program began. (more...)
- September 22, 2016
The FDA will require Sarepta to launch another clinical trial to show whether it actually improves patients symptoms. "It's wonderful for the next generation of kids with this awful disease". "There could also be significant and unjustified financial costs-if not to patients, to society". This is the seventh rare pediatric disease priority review voucher issued by the FDA since the program began. (more...)
Innovation, safety sought in self-driving car guidelines
- September 22, 2016
In the column, the president announced the U.S. Department of Transportation's new policy overview for autonomous vehicles, which includes a 15-point safety checklist created to show regulators and American citizens the steps that companies which produce self-driving vehicles are taking along the way. (more...)
- September 22, 2016
In the column, the president announced the U.S. Department of Transportation's new policy overview for autonomous vehicles, which includes a 15-point safety checklist created to show regulators and American citizens the steps that companies which produce self-driving vehicles are taking along the way. (more...)
Lennar beats on the top and bottom lines
- September 22, 2016
Finally, MKM Partners set a $52.00 price target on Lennar Corp. and gave the stock a "hold" rating in a research note on Wednesday, September 14th. One Month Ago, stock has been recommended as "BUY" from "7" and "1" given "OVERWEIGHT" rating for the company. (more...)
- September 22, 2016
Finally, MKM Partners set a $52.00 price target on Lennar Corp. and gave the stock a "hold" rating in a research note on Wednesday, September 14th. One Month Ago, stock has been recommended as "BUY" from "7" and "1" given "OVERWEIGHT" rating for the company. (more...)
Yellen rejects Trump charges that Fed plays politics
- September 22, 2016
WASHINGTON-Federal Reserve Chairwoman Janet Yellen on Wednesday dismissed suggestions from Republican presidential nominee Donald Trump that the Fed is playing politics with its interest-rate decisions. The Fed will meet again on November 1-2. Three members also indicated they do not want any hikes this year. 'That message was important, as markets have lately excessively discounted the Fed's willingness to move rates at all'. (more...)
- September 22, 2016
WASHINGTON-Federal Reserve Chairwoman Janet Yellen on Wednesday dismissed suggestions from Republican presidential nominee Donald Trump that the Fed is playing politics with its interest-rate decisions. The Fed will meet again on November 1-2. Three members also indicated they do not want any hikes this year. 'That message was important, as markets have lately excessively discounted the Fed's willingness to move rates at all'. (more...)
New York Attorney General Launches Investigation Into Donald Trump's Foundation
- September 22, 2016
The announcement of yet another lawsuit against a Trump company from Schneiderman is likely to draw criticism from Republicans and others who see the move as overt political targeting from New York's top law enforcement official . The portrait was referenced by President Barack Obama on Tuesday while he stumped for Hillary Clinton in Philadelphia. Schneiderman cleared the face that his interest in the matter was really as being the regulator of non-profits in New York State. (more...)
- September 22, 2016
The announcement of yet another lawsuit against a Trump company from Schneiderman is likely to draw criticism from Republicans and others who see the move as overt political targeting from New York's top law enforcement official . The portrait was referenced by President Barack Obama on Tuesday while he stumped for Hillary Clinton in Philadelphia. Schneiderman cleared the face that his interest in the matter was really as being the regulator of non-profits in New York State. (more...)
Jayalalitha hopes for early start of undergrond Metro service
- September 22, 2016
Inaugurating passenger services on the 8.6-km, the second elevated corridor of the Chennai Metro Rail between Chennai Airport and Little Mount stations, the Chief Minister said: "Like other residents of the city, I also look forward to the commencement of operations of the underground section of the Metro Rail, which I am confident will happen before the end of 2016". (more...)
- September 22, 2016
Inaugurating passenger services on the 8.6-km, the second elevated corridor of the Chennai Metro Rail between Chennai Airport and Little Mount stations, the Chief Minister said: "Like other residents of the city, I also look forward to the commencement of operations of the underground section of the Metro Rail, which I am confident will happen before the end of 2016". (more...)
Renée Zellweger shines in 'Bridget Jones's Baby'
- September 22, 2016
All signs have pointed towards the latest Bridget Jones movie being a total disaster - but that's not the narrative that is ultimately written. "It was great, I got to know my classmates really well". Bridget Jones's Baby is rated 14A. Still, Bridget Jones's Baby is a fun distraction. Much of the humor of the film comes from Bridget trying to hedge her bets, unsure of the father's identity. (more...)
- September 22, 2016
All signs have pointed towards the latest Bridget Jones movie being a total disaster - but that's not the narrative that is ultimately written. "It was great, I got to know my classmates really well". Bridget Jones's Baby is rated 14A. Still, Bridget Jones's Baby is a fun distraction. Much of the humor of the film comes from Bridget trying to hedge her bets, unsure of the father's identity. (more...)
US North Korea envoy says unilateral action possible against North Korea
- September 22, 2016
An unused tunnel at the Punggye-ri test site can be the place for the sixth test, reports said. North Korea's foreign minister has arrived in Beijing , Japan's Kyodo news agency reported on Monday. The UN Security Council condemned the test and announced that it will consider new sanctions against Pyongyang in addition to others already imposed in March after its nuclear and long-range missile tests in January and February respectively. (more...)
- September 22, 2016
An unused tunnel at the Punggye-ri test site can be the place for the sixth test, reports said. North Korea's foreign minister has arrived in Beijing , Japan's Kyodo news agency reported on Monday. The UN Security Council condemned the test and announced that it will consider new sanctions against Pyongyang in addition to others already imposed in March after its nuclear and long-range missile tests in January and February respectively. (more...)
RBNZ keeps rates on hold, says further easing will be required
- September 22, 2016
Governor Graeme Wheeler said the domestic economy was robust on the back of strong migration and tourism, construction activity and low interest rates. He's anxious the longer the gauge stays low - it's now at 0.4 percent and forecast to slow further - the greater the risk inflation expectations will drop and create a deflationary spiral.Goldman may be on to something though. (more...)
- September 22, 2016
Governor Graeme Wheeler said the domestic economy was robust on the back of strong migration and tourism, construction activity and low interest rates. He's anxious the longer the gauge stays low - it's now at 0.4 percent and forecast to slow further - the greater the risk inflation expectations will drop and create a deflationary spiral.Goldman may be on to something though. (more...)
Sarepta skyrockets as FDA approves DMD drug
- September 22, 2016
And so, the FDA made an unexpected request for Sarepta to provide more data about muscle biopsies from 13 boys who participated in an ongoing trial in order to determine the extent to which the medicine may produce dystrophin. The FDA is not required to follow the advice of its advisory panels, though it often does. The Company is focused on the discovery and development of ribonucleic acid (RNA)-targeted therapeutics for the treatment of rare, infectious and other diseases. (more...)
- September 22, 2016
And so, the FDA made an unexpected request for Sarepta to provide more data about muscle biopsies from 13 boys who participated in an ongoing trial in order to determine the extent to which the medicine may produce dystrophin. The FDA is not required to follow the advice of its advisory panels, though it often does. The Company is focused on the discovery and development of ribonucleic acid (RNA)-targeted therapeutics for the treatment of rare, infectious and other diseases. (more...)
ICICI Prudential Life Insurance IPO oversubscribed over 10 times on final day
- September 22, 2016
The shares on offer for the public got subscription worth Rs 46,298 crore, which, along with shares worth Rs 1,635 crore already allocated to anchor investors, have taken the total bid amount to Rs 47,933 crore. During 2011-12 and 2015-16, company's retail weighted received premium (RWRP) witnessed a CAGR of 15.2 per cent compared to a CAGR of 6.7 per cent in the private sector and a decline of 2.1 per cent per annum in the overall Indian life insurance sector. (more...)
- September 22, 2016
The shares on offer for the public got subscription worth Rs 46,298 crore, which, along with shares worth Rs 1,635 crore already allocated to anchor investors, have taken the total bid amount to Rs 47,933 crore. During 2011-12 and 2015-16, company's retail weighted received premium (RWRP) witnessed a CAGR of 15.2 per cent compared to a CAGR of 6.7 per cent in the private sector and a decline of 2.1 per cent per annum in the overall Indian life insurance sector. (more...)
Japan's central bank keeps negative interest rate unchanged
- September 22, 2016
The Bank of Japan (BoJ) has extended its easy monetary policy in a move expected, or at least designed, to stimulate the market. But the move has been fading since. After markets closed Tuesday, the American Petroleum Institute said that US oil inventories fell by a whopping in the week ended September 16. The Fed's policy outcome-due at 2 p.m. (more...)
- September 22, 2016
The Bank of Japan (BoJ) has extended its easy monetary policy in a move expected, or at least designed, to stimulate the market. But the move has been fading since. After markets closed Tuesday, the American Petroleum Institute said that US oil inventories fell by a whopping in the week ended September 16. The Fed's policy outcome-due at 2 p.m. (more...)
Trump Sides With Cruz's Opposition to Obama's Internet Move
- September 22, 2016
This argument, recently advanced in a Senate hearing by Ted Cruz, fails to explain how domain name administration is tied to government censorship, which (despite Trump's claims) is already wielded by oppressive regimes across the world. (more...)
- September 22, 2016
This argument, recently advanced in a Senate hearing by Ted Cruz, fails to explain how domain name administration is tied to government censorship, which (despite Trump's claims) is already wielded by oppressive regimes across the world. (more...)
Inside the Bank of Japan's latest pro-growth push
- September 22, 2016
Atlanta Fed President Dennis Lockhart said last week there should be a "serious discussion" about a rate hike at this week's meeting, while San Francisco Fed President John Williams, seen as a close Yellen ally, said two weeks ago that he would prefer to raise rates "sooner rather than later". (more...)
- September 22, 2016
Atlanta Fed President Dennis Lockhart said last week there should be a "serious discussion" about a rate hike at this week's meeting, while San Francisco Fed President John Williams, seen as a close Yellen ally, said two weeks ago that he would prefer to raise rates "sooner rather than later". (more...)
Dollar sags after Fed stands pat, signals less aggressive rate rises
- September 22, 2016
New Zealand's NZX 50 advanced 0.56 percent, while in South Korea, the Kospi was higher by 0.97 percent. Japan's central bank said it would adjust the volume of its asset purchases as necessary in the short term, while keeping it at about 80 trillion yen (S$1.07 billion) annually over the long term. (more...)
- September 22, 2016
New Zealand's NZX 50 advanced 0.56 percent, while in South Korea, the Kospi was higher by 0.97 percent. Japan's central bank said it would adjust the volume of its asset purchases as necessary in the short term, while keeping it at about 80 trillion yen (S$1.07 billion) annually over the long term. (more...)
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Oil prices nudge up on Chinese economic data