Markets
United States stocks extend gains as Nasdaq rallies to record high
- September 23, 2016
The Dow Jones industrial average rose 98.76 points, or 0.5 percent, to 18,392.46. The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,174. As the above graph shows, gold prices have a negative correlation with real interest rates. In updated forecasts, the Fed lowered its expectation for the long-range level of its benchmark interest rate to 2.9 percent, from the 3 percent it had forecast in June and 3.5 percent before then. (more...)
- September 23, 2016
The Dow Jones industrial average rose 98.76 points, or 0.5 percent, to 18,392.46. The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,174. As the above graph shows, gold prices have a negative correlation with real interest rates. In updated forecasts, the Fed lowered its expectation for the long-range level of its benchmark interest rate to 2.9 percent, from the 3 percent it had forecast in June and 3.5 percent before then. (more...)
Fed keeps rates steady, hints at year-end hike
- September 23, 2016
BANK OF JAPAN: The Japanese central bank said it will hold its short-term policy rate at negative 0.1 per cent and might cut it further. The Fed said in a statement following its latest policy meeting Wednesday that the USA job market has continued to strengthen and economic activity has picked up. (more...)
- September 23, 2016
BANK OF JAPAN: The Japanese central bank said it will hold its short-term policy rate at negative 0.1 per cent and might cut it further. The Fed said in a statement following its latest policy meeting Wednesday that the USA job market has continued to strengthen and economic activity has picked up. (more...)
5 charts that predict the Fed's intentions on interest-rate hikes
- September 23, 2016
The statement commented that the labour market had improved further and consumer spending was firm, while investment levels remained disappointing. The Fed noted, "Economic activity has picked up from the modest pace seen in the first half of the year". (more...)
- September 23, 2016
The statement commented that the labour market had improved further and consumer spending was firm, while investment levels remained disappointing. The Fed noted, "Economic activity has picked up from the modest pace seen in the first half of the year". (more...)
Fed keeps rates steady, signals one hike by year-end
- September 23, 2016
The Fed's own meeting Wednesday indicated that those rates are heading higher later this year. In the press conference, Fed chair Janet Yellen said that the Fed is seeing definite evidence that the economy is expanding more strongly. Baker resolved the conflict by persuading Fed board members to change their votes and back Volcker. The opinions expressed are her own. That said, Yellen defended the Fed's independence again Wednesday, saying its decisions are made without political ... (more...)
- September 23, 2016
The Fed's own meeting Wednesday indicated that those rates are heading higher later this year. In the press conference, Fed chair Janet Yellen said that the Fed is seeing definite evidence that the economy is expanding more strongly. Baker resolved the conflict by persuading Fed board members to change their votes and back Volcker. The opinions expressed are her own. That said, Yellen defended the Fed's independence again Wednesday, saying its decisions are made without political ... (more...)
Deutsche Bank Fights $14 Billion Order
- September 23, 2016
According to a MarketWatch report , Germany's largest lender began negotiations with the DOJ yesterday regarding allegations of seriously problematic RMBS issuance and underwriting between 2005 and 2007. At the current figure, the fine facing Deutsche Bank it is one of the largest penalties handed out by USA authorities in the aftermath of the financial crisis. (more...)
- September 23, 2016
According to a MarketWatch report , Germany's largest lender began negotiations with the DOJ yesterday regarding allegations of seriously problematic RMBS issuance and underwriting between 2005 and 2007. At the current figure, the fine facing Deutsche Bank it is one of the largest penalties handed out by USA authorities in the aftermath of the financial crisis. (more...)
Crude Oil Prices Fell on Weak Inventory Data
- September 23, 2016
The agency said the outlook was not clear or necessarily rosy and the supply-demand dynamic may not change significantly in the coming months. The U.S. The American Petroleum Institute (API) reported a build of 1.4 million barrels in U.S. crude oil inventories, for the week ended September 9. "The forecast is for a 2.8-million-barrel build, which if realised should see prices decline intraday". (more...)
- September 23, 2016
The agency said the outlook was not clear or necessarily rosy and the supply-demand dynamic may not change significantly in the coming months. The U.S. The American Petroleum Institute (API) reported a build of 1.4 million barrels in U.S. crude oil inventories, for the week ended September 9. "The forecast is for a 2.8-million-barrel build, which if realised should see prices decline intraday". (more...)
US Fed holds rates but signals hike could come later this year
- September 23, 2016
Thirty-year Treasuries have returned 14.5 percent in 2016, Bank of America Corp. index data show. The Standard & Poor's 500 index rose 13 points, or 0.6 percent, to 2,175 and the Nasdaq composite rose 37 points, or 0.7 percent, to 5,332. In March, the number fell to two before it was whittled down to one. Those currencies also benefited from risk-on sentiment bolstered by the Fed's apparent lower interest rate path, analysts said. (more...)
- September 23, 2016
Thirty-year Treasuries have returned 14.5 percent in 2016, Bank of America Corp. index data show. The Standard & Poor's 500 index rose 13 points, or 0.6 percent, to 2,175 and the Nasdaq composite rose 37 points, or 0.7 percent, to 5,332. In March, the number fell to two before it was whittled down to one. Those currencies also benefited from risk-on sentiment bolstered by the Fed's apparent lower interest rate path, analysts said. (more...)
Donald Trump Jr. Catches Flak For Comparing Syrian Refugees To Skittles
- September 23, 2016
Let's do some Skittle math! Despite being branded with the Trump-Pence 2016 logo, the image was also not original to the Trump campaign. Well the photographer who owns the rights to the bowl of skittles tweeted out by Donald Trump Jr. (more...)
- September 23, 2016
Let's do some Skittle math! Despite being branded with the Trump-Pence 2016 logo, the image was also not original to the Trump campaign. Well the photographer who owns the rights to the bowl of skittles tweeted out by Donald Trump Jr. (more...)
Relief Rally in Asia after Fed Leaves Interest Rates Unchanged'
- September 23, 2016
Stocks surged across the US, Asia and Europe - the FTSE 100 opened 0.6% higher on Thursday before accelerating past the 6,900 barrier. On Wednesday the FED's announcement the Dow Jones industrial average gained 163.74 points, 0.90%, to close at 18,293.7, the S&P 500 rose 23.36 points, 1.09%, to end at 2,163.12, and the Nasdaq jumped 53.83 points, 1.03 %, to close at 5,295.18. (more...)
- September 23, 2016
Stocks surged across the US, Asia and Europe - the FTSE 100 opened 0.6% higher on Thursday before accelerating past the 6,900 barrier. On Wednesday the FED's announcement the Dow Jones industrial average gained 163.74 points, 0.90%, to close at 18,293.7, the S&P 500 rose 23.36 points, 1.09%, to end at 2,163.12, and the Nasdaq jumped 53.83 points, 1.03 %, to close at 5,295.18. (more...)
U.S. Approves Export Of Boeing And Airbus Planes To Iran
- September 23, 2016
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has granted permission to Boeing and Airbus to export commercial aircraft to Iran, the Associated Press said. He added that Iran would buy 111 planes from Airbus through a finance scheme of below $10 billion, and that a financer would make nearly all the payments relating to the purchase. (more...)
- September 23, 2016
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has granted permission to Boeing and Airbus to export commercial aircraft to Iran, the Associated Press said. He added that Iran would buy 111 planes from Airbus through a finance scheme of below $10 billion, and that a financer would make nearly all the payments relating to the purchase. (more...)
EU President: Finish Brexit negotiation before 2019 election
- September 23, 2016
Ms May has promised to deliver a "unique deal" for Britain - to get trade deals on good terms while limiting immigration, a combination ruled out by European leaders, who say free trade is only possible with free movement of people. They go further than Theresa May, who has said only that Article 50 will not be invoked before the start of 2017. European Council President Donald Tusk and Irish Prime Minister Enda Kenny have both said in recent days that May's government is indicating it could ... (more...)
- September 23, 2016
Ms May has promised to deliver a "unique deal" for Britain - to get trade deals on good terms while limiting immigration, a combination ruled out by European leaders, who say free trade is only possible with free movement of people. They go further than Theresa May, who has said only that Article 50 will not be invoked before the start of 2017. European Council President Donald Tusk and Irish Prime Minister Enda Kenny have both said in recent days that May's government is indicating it could ... (more...)
Blue-chip stocks of the day: Federal Realty Investment Trust (NYSE:FRT)
- September 23, 2016
It shifted up 5.47% in contrast to its 200 day moving average of $85.63. Lexington Realty Trust (NYSE:LXP) last closed at $10.47, sending the company's market cap around $2.48B. 06/11/2014 - MLV & Co began new coverage on Arbor Realty Trust giving the company a "buy" rating. 0 analysts have suggested "Sell" for the company. (more...)
- September 23, 2016
It shifted up 5.47% in contrast to its 200 day moving average of $85.63. Lexington Realty Trust (NYSE:LXP) last closed at $10.47, sending the company's market cap around $2.48B. 06/11/2014 - MLV & Co began new coverage on Arbor Realty Trust giving the company a "buy" rating. 0 analysts have suggested "Sell" for the company. (more...)
One rate hike likely this year, says Yellen
- September 23, 2016
The New Zealand dollar edged lower after the Reserve Bank of New Zealand (RBNZ) left the door wide open for another interest rate cut this year. It was the first time it has used that wording since late past year, when it most recently raised rates. (more...)
- September 23, 2016
The New Zealand dollar edged lower after the Reserve Bank of New Zealand (RBNZ) left the door wide open for another interest rate cut this year. It was the first time it has used that wording since late past year, when it most recently raised rates. (more...)
Spark warns customers after 500m Yahoo accounts have information stolen in hack
- September 23, 2016
The hacker , believed to be "state-sponsored", have stolen data from Yahoo . Yahoo's CISO said that the company has already notified all potentially affected users and asked them to change their passwords. " Yahoo is working closely with law enforcement on this matter", Lord said. But Yahoo only recently discovered the break-in as part of an ongoing internal investigation. (more...)
- September 23, 2016
The hacker , believed to be "state-sponsored", have stolen data from Yahoo . Yahoo's CISO said that the company has already notified all potentially affected users and asked them to change their passwords. " Yahoo is working closely with law enforcement on this matter", Lord said. But Yahoo only recently discovered the break-in as part of an ongoing internal investigation. (more...)
UPSC declares civil services prelims exam results
- September 23, 2016
Reportedly, 15,445 managed to qualify the UPSC prelims 2016 with success rate of less than 1%, as has been the trend ever since. The commission conducts the exam to select candidates to fill administrative positions in all-India services and central civil services, including Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Foreign Service (IFS), Indian Revenue Service (IRS) and others. (more...)
- September 23, 2016
Reportedly, 15,445 managed to qualify the UPSC prelims 2016 with success rate of less than 1%, as has been the trend ever since. The commission conducts the exam to select candidates to fill administrative positions in all-India services and central civil services, including Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Foreign Service (IFS), Indian Revenue Service (IRS) and others. (more...)
Candidates react to police shootings
- September 23, 2016
To that end, he had undead boxing promoter Don King introduce him to an audience gathered at a church in Cleveland , Ohio this morning. But Mr Trump has spoken admiringly of King on many occasions, and chose him to make an appeal to black voters on Tuesday. (more...)
- September 23, 2016
To that end, he had undead boxing promoter Don King introduce him to an audience gathered at a church in Cleveland , Ohio this morning. But Mr Trump has spoken admiringly of King on many occasions, and chose him to make an appeal to black voters on Tuesday. (more...)
Uber rival Grab partners with driverless car firm in Singapore
- September 23, 2016
The public trial will run for the next two months, and may be extended by the companies for as long as it continues to yield valuable feedback and data, the company mentioned. The partnership between NuTonomy and Grab is "a step towards supplementing Singapore's transport network with an innovative driverless commuting option for underserved areas of Singapore", said Grab CEO Anthony Tan in a statement. (more...)
- September 23, 2016
The public trial will run for the next two months, and may be extended by the companies for as long as it continues to yield valuable feedback and data, the company mentioned. The partnership between NuTonomy and Grab is "a step towards supplementing Singapore's transport network with an innovative driverless commuting option for underserved areas of Singapore", said Grab CEO Anthony Tan in a statement. (more...)
Abandoned vehicle prompts evacuation of LaGuardia terminal in New York
- September 23, 2016
A terminal at LaGuardia Airport has been evacuated as police investigate an abandoned vehicle there, the Port Authority says. Port Authority of NY and New Jersey police confirmed they were investigating an unattended vehicle, but could not provide further information. (more...)
- September 23, 2016
A terminal at LaGuardia Airport has been evacuated as police investigate an abandoned vehicle there, the Port Authority says. Port Authority of NY and New Jersey police confirmed they were investigating an unattended vehicle, but could not provide further information. (more...)
Charlotte mayor considers curfew after protests
- September 23, 2016
His family had previously said he was holding a book, not a firearm, when he was killed. Relatives of a black man shot dead by police have watched a video of the shooting and say he had his hands by his side at the time. Police claim that Scott was holding a handgun and refused commands to drop it before being shot. "I haven't seen any evidence; none of you all have seen any evidence that a gun was there", Bamberg said. (more...)
- September 23, 2016
His family had previously said he was holding a book, not a firearm, when he was killed. Relatives of a black man shot dead by police have watched a video of the shooting and say he had his hands by his side at the time. Police claim that Scott was holding a handgun and refused commands to drop it before being shot. "I haven't seen any evidence; none of you all have seen any evidence that a gun was there", Bamberg said. (more...)
Oil prices gain on OPEC-deal expectation
- September 23, 2016
CMC Markets Singapore analyst Margaret Yang said traders are also "waiting for this week's (US) crude inventory data to find clues of any changes of the supply-demand relationship". Venezuelan President Nicolas Maduro said on Sunday that the Organization of the Petroleum Exporting Countries and non-OPEC countries were close to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month. (more...)
- September 23, 2016
CMC Markets Singapore analyst Margaret Yang said traders are also "waiting for this week's (US) crude inventory data to find clues of any changes of the supply-demand relationship". Venezuelan President Nicolas Maduro said on Sunday that the Organization of the Petroleum Exporting Countries and non-OPEC countries were close to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month. (more...)
Latest news
Possible melted fuel seen for first time at Fukushima plant