Markets


RBI to continue with easing; next rate cut in February RBI to continue with easing; next rate cut in February
- October 08, 2016

In a clear departure from precedents, the fourth bi-monthly RBI monetary policy event was less action-packed, with the duration of the new governor's first interaction with the media getting abruptly curtailed halfway into the meeting. Secondly, the amendments enacted to the RBI Act which paved the way for the MPC in no way fixed a rigid inflation target of 4%. On the whole, this is a decision which will go down well with all sections of the economy, Lavasa said. (more...)
Everything you missed from Mets' NL Wild Card loss to Giants
- October 08, 2016

The last time the San Francisco Giants won a wild-card game, two years ago in Pittsburgh, I dutifully marched down to the visitors' clubhouse at PNC Park and, shielding myself from the spray of Budweiser, tried to find people with whom to discuss this accomplishment, not to mention what they thought of their upcoming opponent, the Washington Nationals. (more...)
Desert Trip festival guests greeted with heat
- October 08, 2016

Meanwhile, Tollett says that despite the advanced age of the artists playing Desert Trip, the event is appealing to generations of music fans. A request from the Desert Trip festival for authorities to confiscate and destroy bootleg merchandise being sold outside the classic rock concert, which starts Friday night, was rejected by a federal judge. (more...)
Budgie nine released from custody Budgie nine released from custody
- October 08, 2016

The men read a letter to the court apologising for their behaviour and expressing remorse. He said one of the men fainted in court briefly due to dehydration. The men - Thomas Whitworth, 28, Branden Stobbs, 29, Edward Leaney, 25, Nicolas Kelly, 27, Thomas Laslett, 28, James Paver, 27, Adam Pasfield, 25, Timonthy Yates, 29, the son of a senior diplomat, and Jack Walker, 26, a staffer for Defence Industry Minister Christopher Pyne - were charged with public nuisance. (more...)
Service at damaged station to resume after crash
- October 08, 2016

One person was killed and more than 100 were injured when the New Jersey Transit train slammed through a bumper at the end of a track. An NTSB spokesman said he didn't know if the alert system went off. Most Gladstone Branch line service into Hoboken will be restored along with Montclair-Boonton Line trains originating west of Montclair State University (including from Denville), with additional stops east of MSU. (more...)
Stocks turn broadly lower, giving up gains from day before Stocks turn broadly lower, giving up gains from day before
- October 08, 2016

DRUG DOWNER: Mylan slumped 79 cents, or 2.1 percent, to $37.24 following reports the company overcharged Medicaid over five years for its EpiPen allergy treatment. The pound fell 0.9 percent to $1.2639, its lowest level since the June 23 vote to leave the EU. In the first six months of this year, heavy buying sent phone company shares up 25 percent. (more...)
Sprint Is Offering To Replace Samsung Note 7 With Any Phone
- October 08, 2016

The carriers are taking action after a replacement Galaxy Note 7 allegedly caught on fire aboard a Southwest Airlines plane this week. AT&T confirmed to Engadget that it will also allow customers to exchange replacement Galaxy Note 7s for another phone. (more...)
Russian Federation plays wait and see on oil freeze after OPEC deal Russian Federation plays wait and see on oil freeze after OPEC deal
- October 08, 2016

The Director, Press, Ministry of Petroleum Resources, Idang Alibi said this will be the first time in eight years that OPEC would be reaching such an agreement. Michael Burns, an oil and gas partner at Ashurt law firm, said: "This could well be a significant turning point". The agreement to slash output from the current 33.24 million barrels a day (bpd) to between 32.5 million and 33 million bpd marked a promising step by major oil producing countries to carve a way out of the ... (more...)
OPEC agrees to curb oil output OPEC agrees to curb oil output
- October 08, 2016

Moreover, the agency envisages a broadly balanced market next year, following improvements in demand for oil and modest output curtailments by non-OPEC producers. Under the deal, all 14 of OPEC's member states agreed to freeze oil production at the combined daily total of between 32.5 and 33 million barrels. (more...)
The British pound sell-off and the flash crash The British pound sell-off and the flash crash
- October 08, 2016

The GBP has since recovered, now trading at 1.2440, but the moment is a reminder of volatility to come over the next two years as the United Kingdom figures out how to go it alone. Fragility in foreign-exchange markets has been increasing even as "phantom liquidity" creates an illusion of stability, Bank of America Merrill Lynch strategists Chris Xiao and Vadim Iaralov wrote in an October 5 report. (more...)
3 who studied unusual states of matter win Nobel Prize in physics 3 who studied unusual states of matter win Nobel Prize in physics
- October 08, 2016

Thouless won half of the eight million Swedish kronor ($937,000) prize. Using topology as a tool- Topology is a branch of mathematics that describes properties that only change step-wise- the three researchers were able to astound the experts. (more...)
Clinton isn't preparing for debate - she's resting Clinton isn't preparing for debate - she's resting
- October 08, 2016

And Hillary, frankly, they talk about debate prep. It's not debate prep. Trump denied reports that he was disappointed that his running mate Indiana Gov. "One of them comes from the Hillary camp", Trump charged. "We had a guy in the room oscillating the mic". "They make you into, like, a child". The former MA governor prepared for the debates months in advance, studying President Barack Obama's positions and style, exchanging briefing books with staff, and starting full-fledged practice ... (more...)
Markets unfazed by United States jobs figures as pound plunges Markets unfazed by United States jobs figures as pound plunges
- October 08, 2016

Mumford, who advises companies on foreign-exchange and interest-rate risks, scrambled to find out why. "It was out of proportion to the supposed trigger", said Mumford, a director at Rochford Capital in Sydney. "This move has shaken things in sterling and a huge amount of any outstanding positioning will have been washed out and we may be starting from a new, even more nervous footing", Citi trader Sam Underwood wrote in a note to clients. (more...)
Wal-Mart plans to slow new store openings
- October 08, 2016

The company also has said its efforts to clean up and improve how it runs existing stores have helped drive store traffic and sales. Latest news says that retail giant Wal-Mart Stores, (NYSE:WMT). Wal-Mart Stores makes up approx 1.56% of Kempner Capital Management's portfolio.Lvm Capital Management Ltdmi boosted its stake in WMT in the latest quarter, The investment management firm added 46,942 additional shares and now holds a total of 51,742 shares of Wal-Mart Stores which is valued at ... (more...)
Hold meet on Turkey's interference, Iraq tells UN
- October 08, 2016

Relations between Iraq and Turkey have become strained since late previous year when Turkey sent troops to the region of Bashiqa, northeast of Mosul allegedly to train anti-Daesh fighters there. He said around 3,000 local fighters, Arab, Kurdish and Turkmen, were being trained against ISIS at the camp and they had so far "neutralized" around 750 of the group's militants in the area. (more...)
Israel deports activists on 'women's boat' for Gaza
- October 08, 2016

They included Nobel Peace Prize laureate Mairead Maguire (Ireland), Marama Davidson (New Zealand), Jeannette Escanilla (Sweden), Samira Douaifia (Algeria), Leigh-Ann Naidoo (South Africa), Madeleine Habib (Australia), retired U.S. Palestinians accuse Israel of using excessive force during the 2014 Gaza war and say Israel's settlement construction in the West Bank is a war crime. (more...)
Salesforce.com Inc Common Stock (NYSE:CRM) Trading Up - Insider Trading Activity Salesforce.com Inc Common Stock (NYSE:CRM) Trading Up - Insider Trading Activity
- October 08, 2016

Salesforce stock dropped as much as 8% Wednesday after it was reported that Benioff was seriously considering a Twitter acquisition. Shares of Salesforce.com ( NYSE:CRM ) traded down 0.1872% on Thursday, hitting $71.1266. generated almost $2.04B in sales and net income of $0.24/share. FBN Securities set a $90.00 price objective on shares of Salesforce.com and gave the company a "buy" rating in a research note on Sunday, September 4th. (more...)
Employers Add 156K; US Jobless Rate Ticks up to 5 Pct
- October 08, 2016

Revisions to prior reports subtracted a net 7000 jobs from payrolls, as July's figure was lowered to 252,000 from 275,000. Average wages increased by six cents and now sit at $25.79 for the month of September. Rates have remained at 0.25-0.5 percent since December, when US policy was tightened for the first time in almost a decade. Job cuts in the sector during September were led by the ground passenger transportation segment, which slashed employment by 14,100 positions. (more...)
Asian shares firm after United States service sector rebounds Asian shares firm after United States service sector rebounds
- October 08, 2016

US government bonds fell for a fifth consecutive session as a report showed the number of Americans applying for first-time unemployment benefits, a proxy for layoffs, decreased by 5,000 to a seasonally-adjusted 249,000 in the week ended October 1, according to the Labor Department. (more...)
Damaged NJ Transit train removed from terminal after crash
- October 08, 2016

The train that slammed into the Hoboken station accelerated from 8 to 21 miles per hour in the seconds before it crashed, killing a woman on the platform and injuring more than 100 others, the feds said. The NTSB hasn't yet determined probable cause for the incident, although NJ transit was already under federal investigation well before last Thursday's crash. (more...)

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