Markets
Divided Federal Reserve opts for hold on interest rates
- September 30, 2016
Still, given the magnitude of the Treasury rally-which led yields to erase the entire increase they had logged during the two weeks ahead of the Fed meeting-shows that "the Fed's last missive is likely to be a gift that keeps on giving", said Aaron Kohli, interest-rate strategist at BMO Capital Markets, in an email. (more...)
- September 30, 2016
Still, given the magnitude of the Treasury rally-which led yields to erase the entire increase they had logged during the two weeks ahead of the Fed meeting-shows that "the Fed's last missive is likely to be a gift that keeps on giving", said Aaron Kohli, interest-rate strategist at BMO Capital Markets, in an email. (more...)
Relief arrives for US shale firms as OPEC folds in price battle
- September 30, 2016
The Organization of Petroleum Exporting Countries agreed on Wednesday to a modest oil output cut of 700,000 barrels per day, in an effort to boost prices that have plummeted from above US$100 a barrel in 2014 to under $50 a barrel on Thursday. (more...)
- September 30, 2016
The Organization of Petroleum Exporting Countries agreed on Wednesday to a modest oil output cut of 700,000 barrels per day, in an effort to boost prices that have plummeted from above US$100 a barrel in 2014 to under $50 a barrel on Thursday. (more...)
All attempts being made to free soldier in Pak captivity: Rajnath
- September 30, 2016
Chandu Babulal Chauhan, a soldier serving with the 37 Rashtriya Rifles, was captured after he "inadvertently crossed over to the other side of the Line of Control", an Indian Army official said. As India carried out surgical strikes on terror launchpads along the LoC on Thursday, Delhi-based food joint Burger Singh's offer celebrating the strike was attacked from all corners. (more...)
- September 30, 2016
Chandu Babulal Chauhan, a soldier serving with the 37 Rashtriya Rifles, was captured after he "inadvertently crossed over to the other side of the Line of Control", an Indian Army official said. As India carried out surgical strikes on terror launchpads along the LoC on Thursday, Delhi-based food joint Burger Singh's offer celebrating the strike was attacked from all corners. (more...)
Blackout triggers renewable energy questions
- September 30, 2016
Whyalla steelmaker Arrium Ltd said it had a blast furnace and four ladles full of molten steel and desperately needed to restore power. Thunderstorms are hitting towns in the north of the state along the Queensland border. "The prime minister has conflated two issues". Renewable energy sceptics inside the federal government didn't quite say we told you so, but the message was none too subtle. (more...)
- September 30, 2016
Whyalla steelmaker Arrium Ltd said it had a blast furnace and four ladles full of molten steel and desperately needed to restore power. Thunderstorms are hitting towns in the north of the state along the Queensland border. "The prime minister has conflated two issues". Renewable energy sceptics inside the federal government didn't quite say we told you so, but the message was none too subtle. (more...)
RYDER CUP '16: Facts and figures for the 41st edition
- September 30, 2016
McIlroy took part in Clarke's foundation at Portrush, which was aimed at developing junior players. One was that he shouldn't have been paired with Tiger Woods in foursomes and four-balls at the disastrous '04 Cup at Oakland Hills without having had time to test the high-spin ball used by Woods. (more...)
- September 30, 2016
McIlroy took part in Clarke's foundation at Portrush, which was aimed at developing junior players. One was that he shouldn't have been paired with Tiger Woods in foursomes and four-balls at the disastrous '04 Cup at Oakland Hills without having had time to test the high-spin ball used by Woods. (more...)
Deadly crash happens in matter of seconds
- September 30, 2016
Gordon Krompier, of New City, said he commutes from Nanuet on the 5:15 a.m. train and transfers at Hoboken . As it ground to a halt in the waiting area, the train apparently knocked out pillars, collapsing a section of the roof. But a contributing factor was "the lack of a positive train control system that would have intervened to stop the train and prevent the collision", the agency said. (more...)
- September 30, 2016
Gordon Krompier, of New City, said he commutes from Nanuet on the 5:15 a.m. train and transfers at Hoboken . As it ground to a halt in the waiting area, the train apparently knocked out pillars, collapsing a section of the roof. But a contributing factor was "the lack of a positive train control system that would have intervened to stop the train and prevent the collision", the agency said. (more...)
Castile shooting investigation goes to Minnesota prosecutors
- September 30, 2016
KARE11 reports that it could take a couple of months before Choi makes a decision on whether to indict or not. Also, it is very likely that we will be requesting further investigation from the BCA, as is typical in these types of cases. "The City stands ready to participate fully in the next steps of ensuring that justice is served and healing can continue", the statement read. "The City of Falcon Heights is continuing to work with the community and others to look at issues related to the ... (more...)
- September 30, 2016
KARE11 reports that it could take a couple of months before Choi makes a decision on whether to indict or not. Also, it is very likely that we will be requesting further investigation from the BCA, as is typical in these types of cases. "The City stands ready to participate fully in the next steps of ensuring that justice is served and healing can continue", the statement read. "The City of Falcon Heights is continuing to work with the community and others to look at issues related to the ... (more...)
Rubio 'deeply concerned' by Trump-Cuba claims
- September 30, 2016
You see what his record is. He writes, "Maybe we can all agree now that doing business with the Castro dictatorship is bad; that USA law must be respected; and OFAC should take enforcement action against those who violate it". "Once the business consultants traveled to the island and incurred the expense for the venture, Seven Arrows instructed senior officers with Trump's company... (more...)
- September 30, 2016
You see what his record is. He writes, "Maybe we can all agree now that doing business with the Castro dictatorship is bad; that USA law must be respected; and OFAC should take enforcement action against those who violate it". "Once the business consultants traveled to the island and incurred the expense for the venture, Seven Arrows instructed senior officers with Trump's company... (more...)
Feds Approve Pacific NorthWest LNG Project for BC's North Coast
- September 30, 2016
Munton said he also doesn't see the project disappearing, given the amount of money Petronas and others have already invested in it, though he could see it further delayed. Petronas has promised the project will add 4,500 jobs at peak construction, as well as 330 operating jobs and 300 local spin-off jobs. Federal cabinet approval of Pacific NorthWest LNG will anger environmentalists and some First Nations groups. (more...)
- September 30, 2016
Munton said he also doesn't see the project disappearing, given the amount of money Petronas and others have already invested in it, though he could see it further delayed. Petronas has promised the project will add 4,500 jobs at peak construction, as well as 330 operating jobs and 300 local spin-off jobs. Federal cabinet approval of Pacific NorthWest LNG will anger environmentalists and some First Nations groups. (more...)
Ringgit opens lower on falling oil prices
- September 30, 2016
The highest growth of 5.08 percent was registered the day after the deal was reached. "We have made a decision to decrease the production around 700,000 bpd", Mr. Robust oil demand in Asia has so far absorbed increasing OPEC production this year. Jeremy Cook, chief economist at Worldfirst, said higher prices could be a problem for consumers. (more...)
- September 30, 2016
The highest growth of 5.08 percent was registered the day after the deal was reached. "We have made a decision to decrease the production around 700,000 bpd", Mr. Robust oil demand in Asia has so far absorbed increasing OPEC production this year. Jeremy Cook, chief economist at Worldfirst, said higher prices could be a problem for consumers. (more...)
Gold holds biggest gain in 2 weeks after Fed
- September 30, 2016
Telecommunications stocks, which also carry a higher-than-average dividend, also rose more than the rest of the market. Chevron rose about 1 percent. Diamond Offshore rose 3 percent. With oil prices rising for the second straight day thanks in part to a surprisingly large drop in US crude inventories, oil-linked currencies like the Canadian dollar, Colombian peso and Russian rouble all gained against the dollar. (more...)
- September 30, 2016
Telecommunications stocks, which also carry a higher-than-average dividend, also rose more than the rest of the market. Chevron rose about 1 percent. Diamond Offshore rose 3 percent. With oil prices rising for the second straight day thanks in part to a surprisingly large drop in US crude inventories, oil-linked currencies like the Canadian dollar, Colombian peso and Russian rouble all gained against the dollar. (more...)
What are Analysts opinions on: The Coca-Cola Company (NYSE:KO)
- September 30, 2016
Greenberg commented: "Because of increasing demands on my time following a major recent acquisition by my company, I have made a decision to resign from The Coca-Cola Company's Board of Directors to devote my full attention to my expanded business commitments as Chairman and CEO of Chubb Limited". (more...)
- September 30, 2016
Greenberg commented: "Because of increasing demands on my time following a major recent acquisition by my company, I have made a decision to resign from The Coca-Cola Company's Board of Directors to devote my full attention to my expanded business commitments as Chairman and CEO of Chubb Limited". (more...)
Russian Federation aims to keep oil output around current level after OPEC deal
- September 30, 2016
Meanwhile, other stocks that benefited from the Opec dividend included Tullow Oil which rose 7%, as well as oil and gas engineers Amec Foster Wheeler, Wood Group and Weir, which all enjoyed gains of up to 8%. At the high end, the stated cap could mean OPEC output would be about 2 percent less than August levels. A day after one of the sharpest rallies for oil prices, markets struggled early Thursday as traders digested the nuances of the latest OPEC maneuver. (more...)
- September 30, 2016
Meanwhile, other stocks that benefited from the Opec dividend included Tullow Oil which rose 7%, as well as oil and gas engineers Amec Foster Wheeler, Wood Group and Weir, which all enjoyed gains of up to 8%. At the high end, the stated cap could mean OPEC output would be about 2 percent less than August levels. A day after one of the sharpest rallies for oil prices, markets struggled early Thursday as traders digested the nuances of the latest OPEC maneuver. (more...)
Blockchain adoption moving rapidly in banking and financial markets
- September 30, 2016
When it comes to financial market institutions, seven out of 10 early adopters have made a decision to focus their blockchain efforts on clearing and settlement, wholesale payments, equity and debt insurance and reference data. "The industry is hurtling toward blockchain adoption far faster than many expected", IBM said. For banks eyeing blockchain technology, 2016 has been the year of tests, trials and proofs of concept. (more...)
- September 30, 2016
When it comes to financial market institutions, seven out of 10 early adopters have made a decision to focus their blockchain efforts on clearing and settlement, wholesale payments, equity and debt insurance and reference data. "The industry is hurtling toward blockchain adoption far faster than many expected", IBM said. For banks eyeing blockchain technology, 2016 has been the year of tests, trials and proofs of concept. (more...)
Oil slips as focus shifts to details of OPEC deal
- September 30, 2016
Who will cut and by how much will be decided at the official meeting in Vienna on November 30. Barclays issued one titled "OPEC saves face and kicks the can to November". Such a decision has been taken for the first time since 2008, aimed at addressing supply glut concerns. He said that as long as oil stays around $50 to $55 a barrel, new exploration projects and especially deepwater projects "should not proceed". (more...)
- September 30, 2016
Who will cut and by how much will be decided at the official meeting in Vienna on November 30. Barclays issued one titled "OPEC saves face and kicks the can to November". Such a decision has been taken for the first time since 2008, aimed at addressing supply glut concerns. He said that as long as oil stays around $50 to $55 a barrel, new exploration projects and especially deepwater projects "should not proceed". (more...)
Justices take up trademark case that could affect Redskins
- September 30, 2016
Conferring a trademark, the court argues, does not make the band's name government speech. When Tam and the Slants sued, a federal appeals court struck down part of a 1946 law that tells the government to reject trademarks that "disparage ... (more...)
- September 30, 2016
Conferring a trademark, the court argues, does not make the band's name government speech. When Tam and the Slants sued, a federal appeals court struck down part of a 1946 law that tells the government to reject trademarks that "disparage ... (more...)
Price comparison sites to be probed by watchdog
- September 30, 2016
The CMA will focus its investigation on comparison websites for auto insurance, utilities and bank accounts - following on from its previous investigations into individual sectors and concerns over whether sites promote certain deals higher than others in their search rankings. (more...)
- September 30, 2016
The CMA will focus its investigation on comparison websites for auto insurance, utilities and bank accounts - following on from its previous investigations into individual sectors and concerns over whether sites promote certain deals higher than others in their search rankings. (more...)
Rajnath informs CMs, national leaders about 'surgical strike'
- September 30, 2016
Soon after the announcement of the surgical strike on the terror launch pads in Pakistan occupied Kashmir, the Home Minister informed Chief Ministers Mamata Banerjee, Naveen Patnaik, Parkash Singh Badal and Nitish Kumar about the surgical strikes. (more...)
- September 30, 2016
Soon after the announcement of the surgical strike on the terror launch pads in Pakistan occupied Kashmir, the Home Minister informed Chief Ministers Mamata Banerjee, Naveen Patnaik, Parkash Singh Badal and Nitish Kumar about the surgical strikes. (more...)
Silver Price Advances, Federal Reserve Stays On Hold
- September 30, 2016
The Fed will hold its next policy meeting on November 1-2, just days before the United States presidential election on November 8, but few in the markets expected the Fed to raise rates at that time. After the Fed decision, 10 of 11 major S&P sectors were in positive territory. The euro gained to $1.1184 from $1.1190. There are two meetings left this year, and a rate hike seems probable. (more...)
- September 30, 2016
The Fed will hold its next policy meeting on November 1-2, just days before the United States presidential election on November 8, but few in the markets expected the Fed to raise rates at that time. After the Fed decision, 10 of 11 major S&P sectors were in positive territory. The euro gained to $1.1184 from $1.1190. There are two meetings left this year, and a rate hike seems probable. (more...)
Fed's primal divide: Is economy overheating or stuck in a rut?
- September 30, 2016
She says that as part of that effort, the Fed is considering easing requirements for annual stress tests for institutions that have less than $250 billion in assets. "The Fed has an unacceptable cozy relationship with the Obama administration and with higher ups in the Democratic party". Yellen paused, then said she would have to speak with her lawyers, and then reiterated that she didn't believe it was a conflict. (more...)
- September 30, 2016
She says that as part of that effort, the Fed is considering easing requirements for annual stress tests for institutions that have less than $250 billion in assets. "The Fed has an unacceptable cozy relationship with the Obama administration and with higher ups in the Democratic party". Yellen paused, then said she would have to speak with her lawyers, and then reiterated that she didn't believe it was a conflict. (more...)
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Oil Drops 3% on Weak Global Economic Data, US Crude Stocks Build