Markets


Cuban blasts Trump, calls paying taxes 'patriotic'
- October 04, 2016

The show insiders told The Associated Press that Trump rated female contestants by the size of their breasts and talked about which ones he'd like to have sex with. At the same time , the Clinton campaign seized on the comment with a new TV ad, asking, "If not paying taxes makes him smart, what does that make the rest of us?" Several former cast and crew members from Trump's reality show "The Apprentice" described for the first time Trump's treatment of women on the set. (more...)
Volkswagen reaches $1.2B settlement with dealers in scandal Volkswagen reaches $1.2B settlement with dealers in scandal
- October 04, 2016

Volkswagen has been clear in stating that the agreement is not intended affect any of its obligations outside the United States, where circumstances relating to diesel vehicles differ. Since Dieselgate broke a year ago, those dealers have taken tremendous hits to their bottom lines as sales plummeted, thanks to both a diminished brand image and an inability to sell any TDI diesel cars-once a key factor for an automaker whose USA lineup already lacked many volume-selling models like trucks and ... (more...)
Deutsche Bank shares rebound in wild trading session
- October 04, 2016

The rebound came after worries about Deutsche Bank , whose shares are down around 50% this year, rippled across the European banking sector on Friday. BANKS BOUNCE BACK: Banks made some of the largest gains. As investors sought assets perceived as safe, gold rose 0.3% to $1,329 an ounce. Deutsche Bank's US -listed stock rose $1.70, or 14.8 percent, to $13.18. (more...)
Regulator says Wells Fargo case shows weakness Regulator says Wells Fargo case shows weakness
- October 04, 2016

Wells Fargo Chief Executive Officer John Stumpf testifies on Capitol Hill in Washington , Tuesday, Sept. 20, 2016, before the Senate Banking Committee . She then produced 12 transcripts of Wells Fargo earnings calls Stumpf participated in from 2012 to 2014 - "the three full years in which we know this scam was going on", Warren said. (more...)
Gallup: Clinton Beats Trump In First Debate By A Large Margin
- October 04, 2016

Clinton was part and party to that, when her bimbo eruption and activities, that's not what folks are interested in, they're interested in jobs, they're interested in the economy, they're interested in securing our borders and protecting us from terrorists infiltrating our refugee program", he said. (more...)
Mission completed as Americans win back Ryder Cup
- October 04, 2016

Earlier singles triumphs by Reed, Fowler, Brandt Snedeker and rookie Brooks Koepka plus a vital half point from Phil Mickelson had put the USA team on the brink. In the midst of it all, Reed danced and screamed "Come on!" and fist-pumped, mimicked the elaborate bow McIlroy made to the crowd on Friday, wagged his finger after holing a birdie putt on top of McIlroy's - and the Irishman responded by cupping his ear and mouthing "I can't hear you" to the crowd, and at one point shushing them the ... (more...)
Massachusetts, Rhode Island officials: Morgan Stanley ran unethical sales contests Massachusetts, Rhode Island officials: Morgan Stanley ran unethical sales contests
- October 04, 2016

Massachusetts' top securities regulator accused Morgan Stanley of paying bonuses to brokers to encourage them to push loans on their wealth-management clients. Wells Fargo opened as many as 2 million customer accounts with fictitious or unauthorized information, according to federal authorities. Morgan Stanley ran "sales contests" targeting loans to wealthy clients. (more...)
Sensex climbs 377 points ahead of RBI policy meet, on Asian cues Sensex climbs 377 points ahead of RBI policy meet, on Asian cues
- October 04, 2016

A total of 1,447 scrips advanced, 203 scrips declined, while 126 remained unchanged. The US Dow Jones Industrial Average ended 0.91 per cent higher on Friday. European stocks also witnessed a rise. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,028.31 crore last Friday, showed provisional data. (more...)
Palestinian court orders local elections only in West Bank Palestinian court orders local elections only in West Bank
- October 04, 2016

It was not clear if Hamas would still attempt to do so following the court ruling. The decision to suspend the elections came after the Fatah Party had accused Hamas of sabotage, citing the rejection of Fatah electoral lists by Gazan courts and the exclusion of East Jerusalem from the voting. (more...)
Wells Fargo CEO to forfeit $41 mn in bonuses amid scandal Wells Fargo CEO to forfeit $41 mn in bonuses amid scandal
- October 04, 2016

Federal regulators have not said if they have referred the Wells Fargo case to the Department of Justice. See more exclusive content policy and regulatory news on our subscription-only service, The Hill Extra. He also said no executives above the branch manager level appeared to be aware of the misconduct, according to AP. On Wednesday, California State Treasurer's Office replaced Wells Fargo as the lead underwriter on two bond sales totaling almost $730 million. (more...)
India players' Test fees doubled to INR 15 lakh per match India players' Test fees doubled to INR 15 lakh per match
- October 04, 2016

According to BCCI president Anurag Thakur, if India is forced to implement Justice RM Lodha Committee recommendations, then India would be forced to pull out of the Champions Trophy as they would be required to keep a gap of 15-day after IPL finishes. (more...)
South Australia blackout due to monstrous storm
- October 04, 2016

Much of the mainstream media, including the ABC and Fairfax, as well as the Murdoch media, has seized upon the Grattan report as "evidence" that state-based targets will cause prices to rise and create chaos and inefficiencies in the energy market. (more...)
Indian Police Say Gun Battle Has Ended at Kashmir Army Camp Indian Police Say Gun Battle Has Ended at Kashmir Army Camp
- October 04, 2016

That proved to be the turning point for India, in not only reclaiming Baramulla from the marauders but also turning the world's opinion against Pakistan. Indian army soldiers keep guard on top of a vehicle along a highway on the outskirts of Srinagar , October 3, 2016 . Pakistan Prime Minister Nawaz Sharif chaired an all-party meeting in Islamabad, after which he said, "Pakistan stands united against Indian aggression". (more...)
Trump rented out office space to Iranian state-owned bank Trump rented out office space to Iranian state-owned bank
- October 04, 2016

Pedestrians pass a Bank Melli Iran Inc. bank branch in Tehran, Iran, Aug. 22, 2015. Bank Melli Iran (Iran National Bank) was founded on September 11, 1928 during the rule of shah Reza Pahlavi who wanted to modernize Iran's economy to bring it in line with European countries. (more...)
Tokyo stocks rise from bell on yen's retreat, subsiding Deutsche Bank jitters Tokyo stocks rise from bell on yen's retreat, subsiding Deutsche Bank jitters
- October 04, 2016

Tokyo shares rebounded Monday morning after overseas markets rallied on easing fears over Deutsche Bank's future, with investors shrugging off a weak Japanese business confidence report. The Deutsche Bank shares listed in NY for ict hand Gained Almost 14.1%. A new administration to be installed after the November 8 election will bring unknown risks and likely delays. (more...)
Dutch bank ING to slash 7000 jobs, close branches Dutch bank ING to slash 7000 jobs, close branches
- October 04, 2016

Some 1,250 ING and Record Bank agencies in Belgium are to close. ING was little changed in Amsterdam trading at 11 euros as of 9:01 a.m. A further 1,000 jobs will be cut from ING's external suppliers. The company's target for the cost/income ratio is 50-52%. "We welcome the group's plans to improve the efficiency of the bank in light of the headwinds the sector is now facing from low rates and rising regulatory costs", Matthias de Wit, an analyst at KBC Securities in Brussels, ... (more...)
Stocks jump, euro up as Deutsche rebounds
- October 04, 2016

Deutsche Bank shares have fallen sharply in early trading following reports that hedge funds are moving some of their business elsewhere. Deutsche Bank's U.S-listed stock rose 6.8 percent. OTHER ENERGY TRADING: Wholesale gasoline picked up 2 cents to $1.49 a gallon. The stock fell $7.37, or 13.4 per cent, to $47.63. NXP was up 6 percent. (more...)
Supreme Court won't take up Redskins case Supreme Court won't take up Redskins case
- October 04, 2016

The Supreme Court's new term starts Monday, Oct. 3. The court's decision means that the case will continue in the lower court. Neal Katyal, the former Acting Solicitor General of the United States who is now in private practice and is scheduled to argue several cases this term, said the court is simply "not taking as many big-ticket cases". (more...)
Hurricane Matthew may reach Carolinas this weekend
- October 04, 2016

Strong winds buffeted the southern coast of the Americas' most destitute country which is particularly vulnerable to natural disasters, in part because so many homes and buildings are flimsy. The deaths of the two fishermen in Haiti brings the total death toll from Hurricane Matthew to at least four. At least 1,200 people were evacuated to shelters in churches and schools. (more...)
Students are linking up to celebrate Jewish holiday Students are linking up to celebrate Jewish holiday
- October 04, 2016

Chabad Jewish Center Upper Passaic County, the local branch of the largest Jewish outreach organization, will conduct High Holiday services for Rosh Hashana and Yom Kippur geared for Jews of all backgrounds at no charge in a warm and inclusive setting. (more...)

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