Markets


Trump likes OPM (Other People's Money) Trump likes OPM (Other People's Money)
- September 23, 2016

In the other dispute, the Post reported that a man named Martin Greenberg made a hole-in-one during a charity golf tournament on a Trump course in Westchester County, New York, in 2010, claiming a $ 1 million prize. But we have been looking into the Trump Foundation to make sure it's complying with the laws governing charities in NY. Donald Trump founded Trump's Charity in 1987, and he was the only donor until 2006 when he gave away nearly all the money he had collected. (more...)
China conditionally lifts ban on some U.S., Canadian beef China conditionally lifts ban on some U.S., Canadian beef
- September 23, 2016

However, some analysts were skeptical of China buying significant volumes of USA beef. China has conditionally lifted an import ban on some shipments of USA boneless beef and beef on the bone, and will also ease restrictions on Canadian beef, the Asian nation's agriculture ministry and its premier said on Thursday. (more...)
United States open: Stocks gain as traders weigh Fed policy decision United States open: Stocks gain as traders weigh Fed policy decision
- September 23, 2016

With low energy and import prices keeping inflation below the Fed's long-run inflation objective of 2% and the labor market still improving, the Federal Reserve has made a decision to maintain the target range for the Federal Funds rate at 0.25-0.50%. (more...)
Federal Reserve holds off on raising key ineterest rate Federal Reserve holds off on raising key ineterest rate
- September 23, 2016

Steady job gains have pulled discouraged workers back into the job market and yet inflation remains below the Fed's 2 percent target rate. But that will also depend on whether the Reserve Bank of India (RBI) lowers interest rates next month. (more...)
Why Some Fed Voting Members Hold More Influence Than Others Why Some Fed Voting Members Hold More Influence Than Others
- September 23, 2016

Energy shares were also in demand after oil prices also rose on a weaker dollar, extending gains from the previous session when a surprise third consecutive weekly USA crude inventory draw tightened supply. All wanted the Fed to raise its key rate at this meeting. By Fed standards, that's a divided result. According to Chicago Mercantile Exchange's FedWatch tool, there is a 59.3 percent chance of rate hike at the Fed's December policy meeting. (more...)
Global stocks rise after Fed holds off interest rate hike Global stocks rise after Fed holds off interest rate hike
- September 23, 2016

France's CAC 40 rose 1.5 percent in early trading to 4,410.55 and Germany's DAX added 1.1 percent to 10,556.92. Stocks are closing higher on Wall Street, led by gains in high-dividend stocks a day after the Federal Reserve said it would keep interest rates low. (more...)
Canada and China announce free trade talks
- September 23, 2016

Relations between China and Canada have a solid foundation, huge potential and great opportunities of development, said Prime Minister Li Keqiang, who is on an official visit to that North American country. Canada counts China as its second-largest export market after the United States. "If we abolish the death penalty, innocent people will lose their lives". (more...)
Govt appoints three members to Monetary Policy Committee Govt appoints three members to Monetary Policy Committee
- September 23, 2016

Under the monetary policy framework agreement with the government, RBI is committed to anchor retail inflation at 4 per cent (plus/minus 2 per cent) and has set itself a target of 5 per cent by next March as part of a "glide path" to achieving the median mark. (more...)
Wall Street higher as tech, energy gain; Fed in focus
- September 23, 2016

The remarks stood in contrast to Mr. Trump's comments just four months ago, when he said he had "great respect" for the chairwoman and favored keeping interest rates low "unless inflation rears its ugly head". Does it foresee inflation rising meaningfully toward its 2 percent target? With Fed hike in December still in doubt, the carry trade flows will continue to prop up the high yielders and Aussie looks to hold ground above the.7500 level for the time being. (more...)
Rolls-Royce Says Daily Mail's Daintith to Replace Smith as CFO Rolls-Royce Says Daily Mail's Daintith to Replace Smith as CFO
- September 23, 2016

Other than the cost cutting strategy, it announced the name of the new finance officer, Stephen Daintith, who is now the CFO at Daily Mail . Smith, the former chief executive of Jaguar Land Rover, is leaving Rolls to "pursue other business interests", the company said in a stock market statement. (more...)
Boeing Iran License Expected Soon Boeing Iran License Expected Soon
- September 23, 2016

OFAC had to approve the license because a portion of Airbus planes are made in the U.S. Some of those deliveries may occur as early as this year, a spokesman said. In a two-step process, the agency first approved Boeing's request to discuss a sale to Iran and must now approve any sale. The House of Representatives passed legislation earlier this monththat would prevent taxpayer dollars being spent to issue licenses , and block USA bank financing for the aircraft themselves. (more...)
WCI Communities stock soars after $643 million Lennar buyout deal WCI Communities stock soars after $643 million Lennar buyout deal
- September 23, 2016

Check back for updates. ("WCI" or the "Company") (NYSE: WCIC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Lennar Corporation (" Lennar ") (NYSE: LEN), in a transaction valued at approximately $643 million. (more...)
AP Moller-Maersk splits its shipping, energy operations AP Moller-Maersk splits its shipping, energy operations
- September 23, 2016

The company has also indicated it's getting more client requests since the recent collapse of Hanjin Shipping Co. "Strong capital discipline and better utilisation of assets will be ensured". This suggests that APMT has had its "wings clipped" as an entrepreneurial global terminal operator. As part of the strategic review and management changes, Maersk Supply Service, which operates offshore anchor handlers and platform supply vessels, was moved in with Maersk Oil, Maersk Drilling, ... (more...)
Dad charged with killing 4 kids, torturing wife Dad charged with killing 4 kids, torturing wife
- September 23, 2016

Gregory V. Green at his arraignment Thursday morning, September 22 in Dearborn Heights. No letters of opposition to his parole were filed before Green was released from prison, according to Michigan Department of Corrections spokesman Chris Gautz. (more...)
Markets mainly positive as Energy surges on the TSX Markets mainly positive as Energy surges on the TSX
- September 23, 2016

The Dow Jones industrial average rose 120 points, or 0.7 percent, to 18,414 as of 12:45 p.m. The country's biggest banks were among the index's most influential gainers with Bank of Nova Scotia up 0.9 percent to C$70.56 and Toronto-Dominion Bank advancing 0.6 percent to C$57.53. (