Markets
Britain's May rules out vote on triggering Brexit
- October 15, 2016
Tusk said negotiations will be conducted in "good faith" while defending the interests of the remaining 27 European Union members and minimising costs to seek the best deal for everyone. He said ministers had to "show that they actually have a coherent plan, agreed across the government, before they embark on the Article 50 process". (more...)
- October 15, 2016
Tusk said negotiations will be conducted in "good faith" while defending the interests of the remaining 27 European Union members and minimising costs to seek the best deal for everyone. He said ministers had to "show that they actually have a coherent plan, agreed across the government, before they embark on the Article 50 process". (more...)
Samsung Galaxy Note 7 To Cost The Company $3 Billion
- October 15, 2016
The company mentioned that it already allocated the expected direct cost from Note 7 sales in the Q3 earnings guidance that it released a few days ago. "As we've watched the Galaxy Note7 recall and discontinuation play out, even more people say they will switch their smartphone brand", said CEO Chris Mason. (more...)
- October 15, 2016
The company mentioned that it already allocated the expected direct cost from Note 7 sales in the Q3 earnings guidance that it released a few days ago. "As we've watched the Galaxy Note7 recall and discontinuation play out, even more people say they will switch their smartphone brand", said CEO Chris Mason. (more...)
London Zoo: Escaped gorilla back in enclosure; no one hurt
- October 15, 2016
Kumbuka , a 400-pound (184-kilogram) male western lowland gorilla, escaped from his enclosure Thursday evening into what the zoo said was a "secure keepers' area". As we were waiting we saw police turn up with lots of guns. Yesterday Malcolm Fitzpatrick, curator of mammals at London Zoo , confirmed the incident occurred and said Kumbuka was back in his enclosure and "doing very well". (more...)
- October 15, 2016
Kumbuka , a 400-pound (184-kilogram) male western lowland gorilla, escaped from his enclosure Thursday evening into what the zoo said was a "secure keepers' area". As we were waiting we saw police turn up with lots of guns. Yesterday Malcolm Fitzpatrick, curator of mammals at London Zoo , confirmed the incident occurred and said Kumbuka was back in his enclosure and "doing very well". (more...)
Ohio to Suspend Doing Business With Wells Fargo
- October 15, 2016
It has also expanded the scope of its customer account review to include 2009 and 2010. Previously, regulators had focused on the accounts from 2011 to 2016. At Wells Fargo , where CEO John Stumpf resigned Wednesday over the bank having created millions of bogus accounts to boost growth figures, net profit came in at $5.6 billion (5.1 billion euros) in the third quarter. (more...)
- October 15, 2016
It has also expanded the scope of its customer account review to include 2009 and 2010. Previously, regulators had focused on the accounts from 2011 to 2016. At Wells Fargo , where CEO John Stumpf resigned Wednesday over the bank having created millions of bogus accounts to boost growth figures, net profit came in at $5.6 billion (5.1 billion euros) in the third quarter. (more...)
Tesco confirms pricing row with Unilever has been settled
- October 15, 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...)
- October 15, 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...)
US retail sales rebounded 0.6 pct
- October 15, 2016
Total sales for the three-month period of July through September 2016 were up 2.4% from a year ago. It's worth noting, though, that sales by nonstore retailers - which includes e-commerce sales - were up a whopping 10.6 percent from where they sat in September 2015. (more...)
- October 15, 2016
Total sales for the three-month period of July through September 2016 were up 2.4% from a year ago. It's worth noting, though, that sales by nonstore retailers - which includes e-commerce sales - were up a whopping 10.6 percent from where they sat in September 2015. (more...)
Decision to prosecute Gordhan not political: NPA
- October 15, 2016
However‚ Abrahams made an about-turn on Wednesday while addressing members of Parliament when he announced that the door was still open for Gordhan to have discussions relating to the NPA's decision to charge him. Gordhan's office was appalled by the way it was handled and has indicated that the Minister will not resign and will carry on working with the National Treasury to present the mini-Budget on 26 October. (more...)
- October 15, 2016
However‚ Abrahams made an about-turn on Wednesday while addressing members of Parliament when he announced that the door was still open for Gordhan to have discussions relating to the NPA's decision to charge him. Gordhan's office was appalled by the way it was handled and has indicated that the Minister will not resign and will carry on working with the National Treasury to present the mini-Budget on 26 October. (more...)
United Kingdom lawmakers press government for vote on Brexit talks
- October 15, 2016
May has said she wants to trigger Article 50 - the formal procedure for starting two years of talks on departure - by the end of March at the latest. A "hard Brexit" is seen as leaving Britain out of European Union's single market and threatening London's role as a major financial centre. (more...)
- October 15, 2016
May has said she wants to trigger Article 50 - the formal procedure for starting two years of talks on departure - by the end of March at the latest. A "hard Brexit" is seen as leaving Britain out of European Union's single market and threatening London's role as a major financial centre. (more...)
Patriots Are 9 Point Favorites In Week 6 Against Cincinnati
- October 15, 2016
PATRIOTS defense limited Browns top-ranked ground game entering Week 5 to only 22-27 rushing in Week 5. New England's efficiency showed up particularly on third down, where it was 9 for 17. So why is there a part of me that feels they will struggle a bit here? "As of now, this game tops all of the AFC Championship games the Patriots have hosted [three since 2010], as well as all the other regular season matchups", Leyden said in an e-mail. (more...)
- October 15, 2016
PATRIOTS defense limited Browns top-ranked ground game entering Week 5 to only 22-27 rushing in Week 5. New England's efficiency showed up particularly on third down, where it was 9 for 17. So why is there a part of me that feels they will struggle a bit here? "As of now, this game tops all of the AFC Championship games the Patriots have hosted [three since 2010], as well as all the other regular season matchups", Leyden said in an e-mail. (more...)
Kendall Jenner testifies in stalking case
- October 15, 2016
After McKenzie was arrested (he was later charged with alleged misdemeanor stalking and trespassing), the 20-year-old model wouldn't leave her vehicle and told jurors, "I was terrified". His lawyer argued in court that he suffers from a severe mental disorder and that he was unarmed at the time of the incident. Jenner went on to say the man banged on all the windows of her vehicle when she screamed at him to leave, but she was able to drive down the street to get away from him. (more...)
- October 15, 2016
After McKenzie was arrested (he was later charged with alleged misdemeanor stalking and trespassing), the 20-year-old model wouldn't leave her vehicle and told jurors, "I was terrified". His lawyer argued in court that he suffers from a severe mental disorder and that he was unarmed at the time of the incident. Jenner went on to say the man banged on all the windows of her vehicle when she screamed at him to leave, but she was able to drive down the street to get away from him. (more...)
New Jersey lawmakers call for $10M for train safety
- October 15, 2016
That crash injured 54 people, but no one was killed. While the cause of the crash remains under investigation by the National Transportation Safety board, lawmakers say they have questions on whether the accident could have been prevented or mitigated. (more...)
- October 15, 2016
That crash injured 54 people, but no one was killed. While the cause of the crash remains under investigation by the National Transportation Safety board, lawmakers say they have questions on whether the accident could have been prevented or mitigated. (more...)
Hershey CEO Bilbrey to retire in July, stay as non-exec chairman
- October 15, 2016
Hersheys has appointed a special committee to search for a new CEO, led by Pamela Arway, chairwoman of the board's governance committee, aided by executive search firm Egon Zehnder. The company, which is based in the town of Hershey , Pennsylvania, has a market capitalization of around $20 billion.Bilbrey was named CEO of Hershey in 2011, after serving in various senior roles at the company since 2003. (more...)
- October 15, 2016
Hersheys has appointed a special committee to search for a new CEO, led by Pamela Arway, chairwoman of the board's governance committee, aided by executive search firm Egon Zehnder. The company, which is based in the town of Hershey , Pennsylvania, has a market capitalization of around $20 billion.Bilbrey was named CEO of Hershey in 2011, after serving in various senior roles at the company since 2003. (more...)
Amazon launches Global Store to sell foreign products to Indians
- October 15, 2016
With the launch of the Global store, Amazon.in-run by Seattle headquartered Amazon.com Inc. -now becomes the single largest online destination for buying both local and global products in India, the company said in a press statement on Friday. (more...)
- October 15, 2016
With the launch of the Global store, Amazon.in-run by Seattle headquartered Amazon.com Inc. -now becomes the single largest online destination for buying both local and global products in India, the company said in a press statement on Friday. (more...)
Futures at one-month lows after Fed minutes; banks drop
- October 15, 2016
The Federal Reserve's decision not to increase rates in September was a close call, the minutes released on Wednesday show. Doves think that there are signs that labour market slack has been larger than previously expected since the unemployment rate and underemployment rate have been flat for the past year. (more...)
- October 15, 2016
The Federal Reserve's decision not to increase rates in September was a close call, the minutes released on Wednesday show. Doves think that there are signs that labour market slack has been larger than previously expected since the unemployment rate and underemployment rate have been flat for the past year. (more...)
Russian state fund to co-invest $1 bln in India
- October 15, 2016
The BRICS jamboree comes to Goa this week, with India hosting the 8th summit of a grouping which has grown into geopolitical engagement of limited significance. There is perceptible change in the mood in the government as well as among the public when compared to 2012, when the last BRICS summit was held in New Delhi. (more...)
- October 15, 2016
The BRICS jamboree comes to Goa this week, with India hosting the 8th summit of a grouping which has grown into geopolitical engagement of limited significance. There is perceptible change in the mood in the government as well as among the public when compared to 2012, when the last BRICS summit was held in New Delhi. (more...)
Mark Carney warns rise in inflation
- October 15, 2016
We do take it into account when setting monetary policy. Let's us note that one way of reducing high levels of national debt is for inflation to erode the real value of it, this is a political move from a so called independent Bank who's dresses up inviting inflation into the United Kingdom with the clothes of "supporting economic growth and jobs". (more...)
- October 15, 2016
We do take it into account when setting monetary policy. Let's us note that one way of reducing high levels of national debt is for inflation to erode the real value of it, this is a political move from a so called independent Bank who's dresses up inviting inflation into the United Kingdom with the clothes of "supporting economic growth and jobs". (more...)
Thai shares jump as king's death removes uncertainty
- October 15, 2016
The 30-year bond rose 22/32 in price to yield 2.476 percent, its lowest since October 7. The baht gained 0.6 percent to 35.388 per dollar following a 0.3 percent bounce yesterday, paring its slump in the week to 1.4 percent, still the most in more than a year. (more...)
- October 15, 2016
The 30-year bond rose 22/32 in price to yield 2.476 percent, its lowest since October 7. The baht gained 0.6 percent to 35.388 per dollar following a 0.3 percent bounce yesterday, paring its slump in the week to 1.4 percent, still the most in more than a year. (more...)
Gundlach says Yellen speech suggests accommodative Fed for longer
- October 15, 2016
The Treasury yield curve steepened with 2-year yields touching a more than one-week low as investors continued to bet on a near-term Fed interest rate increase and a slower pace for future ones. "She doesn't mind more inflation that's why the US yield curve is steepening". During that meeting, a number of Fed officials had indicated that a rate hike would be needed "relatively soon". (more...)
- October 15, 2016
The Treasury yield curve steepened with 2-year yields touching a more than one-week low as investors continued to bet on a near-term Fed interest rate increase and a slower pace for future ones. "She doesn't mind more inflation that's why the US yield curve is steepening". During that meeting, a number of Fed officials had indicated that a rate hike would be needed "relatively soon". (more...)
Libya's $1.2bn claim against Goldman Sachs thrown out
- October 15, 2016
The $67 billion fund was set up by late Libyan leader Moammar Gadhafi, who was deposed in 2011. Lawyers for Goldman Sachs, responding to the claims in court in July, said that the LIA was suffering from "buyers' remorse", and that the bank wasn't responsible for the losses, which happened amid the 2008 credit crunch and financial crisis. (more...)
- October 15, 2016
The $67 billion fund was set up by late Libyan leader Moammar Gadhafi, who was deposed in 2011. Lawyers for Goldman Sachs, responding to the claims in court in July, said that the LIA was suffering from "buyers' remorse", and that the bank wasn't responsible for the losses, which happened amid the 2008 credit crunch and financial crisis. (more...)
DJIA Today: Dow Jones Futures Decline as Rate-Hike Fears Resurface
- October 15, 2016
The downbeat news and weak sentiment pushed the Dow Jones industrial average down as much as 185 points earlier in the session before recovering some and closing down 45 points, or 0.3%, to 18,099. The CBOE volatility index, a gauge of near-term investor anxiety, jumped as much as 13 percent and was near its one-month high. Additionally, financial giants Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) are among the companies due to report their quarterly results before the ... (more...)
- October 15, 2016
The downbeat news and weak sentiment pushed the Dow Jones industrial average down as much as 185 points earlier in the session before recovering some and closing down 45 points, or 0.3%, to 18,099. The CBOE volatility index, a gauge of near-term investor anxiety, jumped as much as 13 percent and was near its one-month high. Additionally, financial giants Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) are among the companies due to report their quarterly results before the ... (more...)
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Amazon pulls out of plans to build headquarters in New York City