Markets


Asian stocks rise after Chinese inflation data beats expectations
- October 14, 2016

Shanghai dipped 0.2 per cent while the Hang Seng rose 0.3 per cent. Japan's Nikkei inched up 0.1 percent and was on track for a 0.3 percent weekly loss. Fertilizer maker Mosaic shed 93 cents, or 3.9 percent, to $22.86 while chemicals maker DuPont lost $1.01, or 1.5 percent, to $67.77. Elsewhere in currencies , the pound dipped 0.5 per cent to $1.2192. (more...)
Syrian terror suspect 'hangs himself' in cell Syrian terror suspect 'hangs himself' in cell
- October 14, 2016

The ministry said it would give more details at a news conference in Dresden on Thursday at 0900 GMT. "Even though we did our best to hinder it, we couldn't stop it", he added. Albakr was granted asylum after arriving in Germany past year, but had been under surveillance by German domestic intelligence since last month. When police raided the 22-year-old's flat in the eastern city of Chemnitz on October 8, they found a home-made explosive. (more...)
Tesco, Unilever settle price row Tesco, Unilever settle price row
- October 14, 2016

In the face of the falling value of the British Pound, Unilever has moved to increase its product prices-Tesco won't agree, so has removed the company's items from its online ordering portal. "What's really a problem is when a supplier like Unilever comes and asks for across the board cost increases and there's no negotiation, there's no discussion". (more...)
Billionaires had a rough year in 2015 - relatively Billionaires had a rough year in 2015 - relatively
- October 14, 2016

The findings build on UBS/PwC's previous Billionaires Reports , released in May and December 2015. More than half of 2015's newest billionaires hailed from Asia, but the US still maintains the world's largest population of ultra-wealthy individuals. (more...)
Ed's Easy Diner Restaurant chain goes into Administration Ed's Easy Diner Restaurant chain goes into Administration
- October 14, 2016

The chain is being bought by Ranjit Boparan, owner of restaurant group Giraffe Concepts and Harry Ramsden restaurant chains, via a pre-pack administration process managed by KPMG. The deal with Giraffe will see them take control of the head office along with saving over 700 jobs. A retro American-style diner in Drake Circus is to close two years after it opened after the brand was bought out, with jobs losses expected. (more...)
USA import prices edge higher in September
- October 14, 2016

Excluding the rebound in fuel prices, the Labor Department said import prices price recorded no change in September after edging down by 0.1% in the previous month. Nonfuel industrial supplies and materials prices declined 0.6 percent following a 0.3-percent advance the previous month. The index is one of several measures the Federal Reserve studies to gauge how quickly prices for goods and services are rising in the US and to determine whether the economy is growing healthily. (more...)
Trump Taj Mahal Casino Closes In Atlantic City After 26 Years
- October 14, 2016

On Monday , 10th October, Atlantic City lost a fifth casino after the Trump Taj Mahal became the latest victim of an industry in crisis. Carl Icahn, who controlled the casino in its last days, called it a " sad day for Atlantic City" and the Taj's 3,000 workers. (more...)
British PM May allows MPs to scrutinise Brexit plan
- October 14, 2016

May acted amid concerns that she would lose a House of Commons debate Wednesday, initiated by Labour, calling for MPs to be allowed "properly to scrutinise" the government's strategy. May has said she would trigger the two-year process to leave the European Union by the end of March and last week appeared to prioritize capping immigration, one of the main motivations for the Brexit vote, over retaining access to the single market. (more...)
Government makes surprise 'climbdown' on Brexit scrutiny Government makes surprise 'climbdown' on Brexit scrutiny
- October 14, 2016

The pound rose 1.1 per cent to against the dollar to $1.226 on Wednesday as the market reacted to news the Prime Minister Theresa May will allow Parliament to "properly scrutinise" the government's plans to take the United Kingdom out of Europe. (more...)
Tesla Model S Overwhelms 7-Series, S-Class Tesla Model S Overwhelms 7-Series, S-Class
- October 14, 2016

Additionally, the Californian automaker is actually jumping in terms of leadership, being now two times more popular than the Mercedes S Class or the BMW 7 Series. The Model 3 will be one of the more affordable cars in the entry-level luxury class, and if Musk can achieve his forecast of building 500,000 Teslas a year by 2018, the automaker could find itself atop three categories of luxury cars. (more...)
The death of Samsung Galaxy Note 7
- October 14, 2016

Windsor said he expects Samsung to lose market share to other Android competitors, such as Alphabet's GOOGL, -0.56%, GOOG, -0.37% Google, which recently released the Pixel smartphone, an iPhone competitor that operates on Android. The death of the Note 7 could also usher in sweeping changes among Samsung's executive ranks. To do so, they must visit the store where they initially bought the problematic phablet. (more...)
Deutsche Bank falls after no deal reached with DoJ Deutsche Bank falls after no deal reached with DoJ
- October 14, 2016

CMC Markets analysts, Michael Hewson, said, " Deutsche Bank hasn't as yet been able to come to an agreement with the US Justice Department as it looks to overcome the hurdle of the prospect of a rather large fine". A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt , Germany September 30, 2016. Instead, banks are left to swing the axe where they can and ideally build big market positions in areas that are not penalized by big capital charges, such as consumer ... (more...)
Oil edges up on record Indian imports, hopes of producer cut
- October 14, 2016

Total non-OPEC production was down by the same amount on the year - despite a Russia-led surge in September - due to sharp declines in the USA and China. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX6, +0.39% traded at $50.96 a barrel, up $0.17, or 0.3% in the Globex electronic session. (more...)
Turkey Not Linking Syrian Territorial Integrity With Assad's Personality
- October 14, 2016

Shelling and rocket fire by myriad rebel and jihadist groups, meanwhile, has killed 68 people in government-held areas. Russian Federation entered full-force into the Syrian conflict more than a year ago by sending bombers to back Syrian ground troops with air strikes, a development that appeared to turn the tide of the war in the regime's favor. (more...)
'Rogue One: A Star Wars Story' Trailer #2 Reveals Jyn Erso's Conflict 'Rogue One: A Star Wars Story' Trailer #2 Reveals Jyn Erso's Conflict
- October 14, 2016

Nobody had any idea who Mikkelsen was playing, and we didn't even see his face or get an explanation of his relationship with Jyn until the trailer that just dropped (though Lucasfilm's Kiri Hart did talk about it in Entertainment Weekly in June). (more...)
More 'Creepy Clowns' Spotted In Palm Bay
- October 14, 2016

A theme park has been forced to rethink its nine-day Halloween extravaganza as the "killer clown" craze continues across the UK. Some of the clowns have reportedly been spotted with weapons including knives and yesterday police reported that a teenager had been the victim of an attempted robbery in Tuffley at the hands of someone dressed as a clown. (more...)
Mortgage rates rise but hold below 3.50% Mortgage rates rise but hold below 3.50%
- October 14, 2016

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. The benchmark 30-year rate is down from 3.82 per cent a year ago and close to its all-time low of 3.31 per cent in November 2012. (more...)
Oil prices fall on higher OPEC output, rise in U.S. crude stocks Oil prices fall on higher OPEC output, rise in U.S. crude stocks
- October 14, 2016

The burgeoning US oil recovery hit a snag Thursday with news that crude stockpiles began growing again, adding to the nearly record high glut of oil supplies. Despite OPEC's expressed desire to cut output, the group this week reported September production at eight-year highs. Most of the world oil officials are at the World Energy Conference in Istanbul, rapidly trying to release statements to stabilise the market cost and be clear on OPEC's production plan. (more...)
Public funding for Vegas NFL stadium passes first key vote
- October 14, 2016

Adelson has pledged $650 million; the Raiders have committed $500 million. The stadium proposal needs a two-thirds majority to pass in the Nevada Senate before going on to the Assembly for consideration, but as of Tuesday afternoon, that looked likely. (more...)
Tesco pulls Unilever goods in Brexit row after pound plunges Tesco pulls Unilever goods in Brexit row after pound plunges
- October 14, 2016

The dispute between Tesco and one of the world's biggest consumer goods companies means popular products such as Persil washing powder, PG Tips tea bags and Ben & Jerry's ice cream are not now available on Tesco's website, the country's largest online grocer. (more...)

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