Markets


Budget Padding Crisis: Reps Slam Suspension on Jibrin Budget Padding Crisis: Reps Slam Suspension on Jibrin
- September 29, 2016

He also accused his colleagues of systemic corruption which he said he had a divine mandate to expose with a view to engineering reforms. Jibrin is accused of stirring controversies and subjecting the House to public scrutiny since July, which, according to the committee, amounted to calculated campaign of calumny, denigration of the House and publication of false and scandalous statements with libellous, contemptuous and defamatory contents in various media platforms. (more...)
Trump Campaign Sketches Out Family Care Plans; Questions Linger Over Funding Trump Campaign Sketches Out Family Care Plans; Questions Linger Over Funding
- September 29, 2016

Tax and budget experts, meanwhile, have their share of concerns about how the proposals would work, how much the plans would really cost and who'd benefit most. " Trump's plan casts women as the sole child caretaker and actually encourages employers to discriminate against women", Harris wrote in a statement, adding that the proposal "undercuts working dads, including gay couples and single-fathers". (more...)
Canada rolls over Russian Federation to reach World Cup final
- September 29, 2016

Team Europe were created exclusively for the 2016 World Cup in a bid to avoid lopsided results that would likely have occurred had the next best European team after Russia , Sweden, Finland and the Czech Republic been included. Having the global experience and the leadership roles in their respective national teams was a factor that made the team gel together faster on and off the ice. (more...)
Boris Johnson says Article 50 could be triggered in early 2017 Boris Johnson says Article 50 could be triggered in early 2017
- September 29, 2016

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 be ready to launch formal negotiations to leave the EU in January or February of 2017. "Let me say this clearly - the best possible deal with the European Union is membership of the EU". He added: "The only correct attitude towards such violence is zero tolerance". (more...)
Clinton gets modest bounce after debate with Trump, poll shows
- September 29, 2016

On Tuesday night, Stephen Colbert mocked Trump's poll response on The Late Show . Hillary Clinton and Donald Trump declared victory after the first presidential debate, with Trump using internet polls while Clinton cited newspaper headlines . (more...)
German government prepare Deutsche Bank rescue plan: Die Zeit
- September 29, 2016

In an interview published Wednesday with Germany's Bild newspaper, Cryan said Deutsche Bank was not looking for any kind of a government bailout. A recovery in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. (more...)
Cosi Restaurant Chain Files for Chapter 11 Bankruptcy
- September 29, 2016

Cosi entered into a non-binding term sheet with its lenders - AB Opportunity Fund LLC, AB Value Partners, LP and one or more entities affiliated with Milfam II LP - in which the DIP lenders proposed to purchase substantially all of Cosi's assets as the "stalking horse" bidder. (more...)
Wells Fargo Fired Bankers Who Spoke Out Against Illegal Practices, Says Report Wells Fargo Fired Bankers Who Spoke Out Against Illegal Practices, Says Report
- September 29, 2016

When contacted for comment, Jennifer Dunn, a spokeswoman for Wells Fargo, said the bank strives to uphold strong compensation for its employees. Separately, a top banking regulator is expected to tell lawmakers at the same hearing that his agency should have acted more quickly to catch misconduct at Wells Fargo . (more...)
BlackBerry to stop making smartphones itself, focus on software
- September 29, 2016

This allows us to reduce capital requirements". The company also announced chief financial officer James Yersh is leaving on October 1 for personal reasons, and will be replaced by former Sybase executive Steven Capelli. While the passing of the once-great Blackberry as a phone maker is a sad day for anyone who remembers its products fondly, it has been long overdue. (more...)
Fed's Rosengren Says Delaying Rate Hike Could Derail Recovery
- September 29, 2016

Phone companies, another group of high dividend payers, also climbed. Ten of the 11 major S&P sectors were lower, with the technology index's .SPLRCT 0.61 percent fall leading the decliners. In the currency market, the dollar was softer on the Fed's policy outlook, with the dollar's index against a basket of six major currencies slipping to its lowest level in almost two weeks on Thursday. (more...)
Oil production to be curbed after Opec agreement reached
- September 29, 2016

According to analysts, the tentative agreement offers hope that a more concrete deal can be ironed out later this year when the 14-member producer group meets for its biannual meeting. Mining and industrial companies also climbed. "It has historically taken a fall in oil demand to ensure quota compliance, as in that case, production is forced lower by a decline in refinery intake around the world". (more...)
Crude Oil Prices Rise With Rumors of OPEC Production Curtailment Crude Oil Prices Rise With Rumors of OPEC Production Curtailment
- September 29, 2016

OPEC estimates its current output at 33.24 million bpd, meaning the cut could be up to 2 per cent of the cartel's supply. Saudi Arabia seems to be on board with Iran pumping oil at maximum levels, as top producers meet in Algeria Wednesday, setting the stage for a potential freeze agreement at a future meeting. (more...)
Trump on Federal Reserve Trump on Federal Reserve
- September 29, 2016

This exchange follows after Monday night's debate, when Republican presidential candidate Donald Trump repeated his claims that the Fed is no longer independent and they are waiting to raise interest rates until President Obama leaves office. (more...)
France's Hollande hails concluded Rafale deal with India
- September 29, 2016

However, during Prime Minister Narendra Modi's visit to France in April previous year, India conveyed that it would like to acquire 36 Rafale jets in fly-away condition as quickly as possible in view of the IAF's critical operational necessity for the multi-role combat aircraft. (more...)
Samsung Galaxy Note 2 catches fire on Chennai-bound flight Samsung Galaxy Note 2 catches fire on Chennai-bound flight
- September 29, 2016

The DGCA has now summoned Samsung officials on Monday to discuss the issue. USA and Japanese aviation authorities on Friday urged passengers not to turn on or charge Samsung Galaxy Note 7 smartphones on aircraft. South Korean Smartphone Manufacturing Company - Samsung recall 3 million its new Galaxy Note 7 smartphone from at least 70 countries after the case of caught fire. (more...)
Deutsche Bank refuses to pay $14bn United States penalty
- September 29, 2016

Deutsche Bank confirmed the settlement amount on Thursday, but indicated that it has "no intent" to pay "anywhere near the number cited", the bank said. He added that the bank was not concerned and there was "no reason to be anxious right now". The DoJ had invited it to submit a counter-offer, it said. (more...)
PM Modi Chairs Meet On Line Of Control, Big Announcement Likely PM Modi Chairs Meet On Line Of Control, Big Announcement Likely
- September 29, 2016

Pakistani troops on Wednesday had targetted Indian positions with small firearms along the LoC in Poonch district. At least two Army men were killed as Indian and Pakistani troops exchanged fire, ISPR reported. Top sources told CNN-News18 that the mood within the govt was now to retaliate to ceasefire violations by Pakistan with "little more than diplomatic offensive". (more...)
Cabinet clears Indian consortium's stake buy in Russian oilfield Cabinet clears Indian consortium's stake buy in Russian oilfield
- September 29, 2016

The government stated that the acquisition is in line with India's stated objective of adding high quality worldwide assets to its Exploration &. The deals reflect India's growing interest in snapping up cheap offshore assets amid the tumble in global crude-oil prices. (more...)
ICICI Prudential Life Set To List On Thursday ICICI Prudential Life Set To List On Thursday
- September 29, 2016

On NSE, the scrip plunged 5.56 per to hit a low of Rs 315.40. The objectives of the public offer was to get the benefits of listing the equity shares of the company on the stock exchanges. It was India's biggest IPO of shares in six years since Coal India's Rs 15,000 crore IPO in 2010. ICICI Prudential Life Insurance is a joint venture between ICICI Bank (67.6 per cent stake) and UK's Prudential Corporation Holdings (26 per cent stake).Wipro's billionaire founder Azim Premji and ... (more...)
Donald Trump lacks preparation, temperament to be President: Barack Obama
- September 29, 2016

He also claimed that she changed her opinion on the Trans-Pacific Partnership trade pact because he opposed it, a charge that she rejected. Among Democratic voters, 62 percent are confident that Clinton is healthy enough to be president, 72 percent of Republican voters are confident that Trump is. (more...)

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