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Free WiFi and 5G for all... in the EU
- September 26, 2016

In setting out the commission's plans for the first time since the United Kingdom voted to exit the European Union on June 23, Juncker highlighted the British referendum as a warning that the European Union faced a battle for survival against nationalism in Europe. (more...)

Deutsche Bank To Challenge $14 Bln Claim To Settle Mortgage Securities Probe
- September 26, 2016

The US investment bank Goldman Sachs in April agreed to pay more than $5 billion to settle similar allegations. Earlier this year, the DoJ agreed a five billion USA dollar (£3.7 billion) settlement with Goldman Sachs over similar claims. Because comparable criminal settlements with other banks have been significantly lower. Deutsche Bank booked an nearly 7 billion-euro loss in 2015, and its May annual general meeting saw shareholders berate managers for their performance. (more...)

US Fed maintains interest rates
- September 26, 2016

While median household income jumped 5.2 percent past year, job growth has slowed somewhat. Low interest rates are still aiding the economic recovery and are not causing the economy to grow too fast. crude stockpiles helped assuage fears over a global glut. The company now has an order book of S$27.7 million, it said. The Bank of America Merrill Lynch MOVE Index, which measures price swings in US debt, closed Thursday at 61.18. (more...)

Google to Buy Twitter?
- September 26, 2016

Twitter did not immediately respond to a request for comment. The suitor many feel is best positioned to take a run at Twitter is Salesforce .com (NYSE:CRM). That's slightly surprising as Salesforce "has virtually no presence in consumer media", instead focusing on "cloud-based computing services". Twitter is shopping around for a buyer. (more...)

Gold Legend Arnold Palmer Dies At 87
- September 26, 2016

Golf Association said. He had been undergoing heart tests, the Pittsburgh Post-Gazette reported. Arnold Palmer of the USA watches his tee shot on the first hole during the Champion Golfers' Challenge tournament ahead of the British Open golf championship on the Old Course in St. (more...)

China, Cuba sign 30 deals as Premier starts visit
- September 26, 2016

Li was greeted at Jose Marti International Airport by First Vice President Miguel Diaz-Canel and other Cuban officials. The premier is on a two-day official visit to Cuba. Presidents of the Cuba Chamber of Commerce and the China Council for the Promotion of International Trade, Orlando Hernandez and Jiang Zengwei respectively, signed the document in the presence of Cuban Minister of Foreign Trade and Foreign Investment (MINCEX), Rodrigo Malmierca. (more...)

Corbyn Reelected as Labour Leader, Promises 'More Power' to Activists
- September 26, 2016

The timing could not have been worse, coming just hours before an emotional tribute in the conference hall to Labour MP Jo Cox, who was killed after being shot and stabbed in her Batley and Spen constituency in June. "He said that some women were charged "£125 for a piece of paper, a piece of paper which says "Yes, this woman is suffering from domestic abuse, yes she needs help". (more...)

The weekend America's newspapers called Donald Trump a liar
- September 26, 2016

Donald Trump and Hillary Clinton hurtle toward their first debate Monday night, facing crucial tests about whether the often-brash Republican nominee can demonstrate the temperament and policy expertise to serve as president and whether Clinton can overcome trust questions with voters that have dogged her for years. (more...)

Netanyahu-Clinton Meeting Underway in NY
- September 26, 2016

Mr. Trump recognized that Israel and its citizens have suffered far too long on the front lines of Islamic terrorism. The US government does not recognise Jerusalem as Israel's capital, like most nations around the world, due to the disputes that exist between Palestinians and Israelis regarding the city and, like many countries, Washington maintains its embassy in Tel Aviv. (more...)

Oil rebounds after Algeria says all options open
- September 26, 2016

Concern about global oversupply has depressed oil prices since mid-2014. Energy Minister Noureddine Bouterfa stressed that the aim from the informal meeting of OPEC in Algeria is to discuss development of the oil market, the minister didn't ruled out that this informal meeting may be turns into an extraordinary session at the opening, where members may then take important decisions aimed at stabilizing oil prices in the market. (more...)

Week in Review: Fed Holds Focus in Wild Week
- September 26, 2016

Oil and commodities firms gained the most as oil and metal prices rose, while a weakened dollar made the climbing easy for the euro, pound and Swiss franc. Before that also comes the uncertainty of U.S. elections, added GAM's Hatheway. But the central bank maintained the low-interest rate environment that has helped underpin the bull market for stocks. (more...)

FOMC leaves rates unchanged in September meeting
- September 26, 2016

But, on the other hand, the Fed doesn't want to raise interest rates too soon. One day earlier, the Bank of Japan announced that it left its negative interest rate on certain commercial-bank deposits unchanged and announced to introduce a ten-year interest-rate target. (more...)

Yahoo hackers steal data from 500 million user accounts
- September 26, 2016

There are plenty of other types of accounts that put users at risk. But Cody Littlewood, who owns a start-up incubator in Miami Beach, was one of several users who said it was precisely because of the decline in the use of Yahoo's services that they were not anxious about the hack. (more...)

Toronto, US stock indices continue to rally
- September 26, 2016

Over the past five days the S&P 500 added 1.2%, the Dow Jones Industrial Average climbed 0.8%, and the Nasdaq rose 1.2%. The Toronto Stock Exchange's S&P/TSX composite index ended down 99.25 points, or 0.67 percent, at 14,697.93. Murphy Oil rose $1.14, or 4.3 percent, to $27.55 and Transocean rose 51 cents, or 5.6 percent, to $9.65. Materials companies also gained. PULLED A RABBIT: Open source software company Red Hat rose $2.70, or 3.5 percent, to $79.74 after the company reported ... (more...)

Nearly 5500 United Kingdom financial firms using system — European Union passporting
- September 26, 2016

We will be ambitious in what we want to see for the UK. In an interview to be broadcast on Wednesday's Morning Edition on National Public Radio in the US, Mrs May said: "One of the purposes of my meeting with US investors, and that included US banks, was to hear from them what their concerns are and what their key issues are as we go forward for our negotiations". (more...)

Algeria urges OPEC decision to stabilise crude oil prices
- September 26, 2016

As ever, any decision by OPEC must first make sense for Saudi Arabia, which spurred the drop in oil prices in 2014 by abandoning its strategy of curtailing output in favour of securing market share. Venezuela and Iraq, which have been hard-hit by low prices, support the idea of a production freeze to boost prices. Baby step though this may be, anything that holds the potential to send oil prices up by $5 or $10 a barrel is music to the ears of Canada's downtrodden energy industry, not to ... (more...)

Oil prices rebound after Algeria says all options open at OPEC meeting
- September 26, 2016

That came after prices tumbled 4 percent on Friday amid signs Saudi Arabia and Iran were making little progress in achieving preliminary agreement to freeze production. West Texas Intermediate, the US benchmark price for oil, dropped 0.3 percent below the previous session to start the day at $46.17 per barrel. The first mention of a possible agreement surfaced earlier in the summer and helped push crude oil prices briefly above $50 per barrel. (more...)

NASDAQ Reaches New Record High After Fed's Decision
- September 26, 2016

That's sending dividend-paying stocks higher. US benchmark crude was up $1.11 to $46.45 a barrel, while Brent crude, used to price worldwide oils, rose 85 cents to $47.68 a barrel. Part of it of course has been the huge contraction in drilling activity associated with falling oil prices, but the weakness in investment spending extends beyond that sector and I'm not certain of exactly what explains that. (more...)

Clinton leads Trump by five points in Florida
- September 26, 2016

With just days to go before the first USA presidential debate between Republican candidate Donald Trump and his Democratic rival Hillary Clinton, Euronews Washington correspondent Stefan Grobe checks in with the latest on the campaign trail in the U.S. (more...)

Mylan CEO takes the stand against House Oversight Committee critics
- September 26, 2016

Bresch defended the cost. Mylan NV (MYL.O) faced new scrutiny over price hikes for its anti-allergy EpiPen on Tuesday, with USA lawmakers calling for a probe of oversight of the company's rebates to government healthcare plans, while West Virginia said it was investigating whether Mylan defrauded its Medicaid department. (more...)