Markets


PM Modi says Rs. 500 and Rs. 1000 Notes being discontinued PM Modi says Rs. 500 and Rs. 1000 Notes being discontinued
- November 09, 2016

Hospitals, petrol pumps, railway reservation counters, airports, crematoriums and other key services will continue to accept the notes for 72 hours, till the end of November 11, PM Modi said. You can only exchange these notes from November 10 to December 30. In country's history, there comes a moment when people will want to participate in the nation building and reconstruction. (more...)
Asia shares sink as Trump reported taking lead in vote count
- November 09, 2016

Asian shares have shed early gains, tumbling Wednesday as Donald Trump gained the lead in the electoral vote count in the presidential election. Around midnight in New York, Dow futures plunged more than 730 points while S&P 500 and Nasdaq 100 futures fell in sympathy. (more...)
KP denies declaring public holiday on Iqbal Day KP denies declaring public holiday on Iqbal Day
- November 09, 2016

Sources from Interior Ministry have confirmed that no notifications from the ministry have been issued regarding the holiday. Iqbal Day, which is observed as the great poet's birthday on November 9 each year, used to be a public holiday but it was abolished last year. (more...)
White House: Comey not trying to sway election White House: Comey not trying to sway election
- November 09, 2016

Trump, who sped through five rallies Monday, recalled the rivals he'd vanquished and how far he's come since launching his improbable candidacy. The comments were a reminder that FBI Director James Comey's news, delivered in a letter to lawmakers on Sunday, was doubled-edged sword for Clinton. (more...)
Marriott International Inc. Earnings Climb 12% In Q3 Marriott International Inc. Earnings Climb 12% In Q3
- November 09, 2016

Vetr now has $78.19 target price on the stock. Moreover, the stock is down -8.61% in one month through last close, to $25.49, showing a -17.47% return during the past three months. In a research note issued on Sep 26, 2016, analysts at Morgan Stanley lifted the stock to Overweight from Equal-Weight. Also, major shareholder Richard E. (more...)
Global stocks lifted by news Federal Bureau of Investigation not to charge Clinton
- November 09, 2016

The news lifted a cloud over Clinton's presidential campaign two days before the USA election, and boosted S&P 500 Index futures by 1.2 percent, a gain that is likely to snap a nine-day losing streak in the US stock index - its longest in more than 35 years. (more...)
Dollar Tumbles Against Yen, Euro On Strong Trump Showing
- November 09, 2016

The Mexican peso gyrated Tuesday, briefly hitting its strongest level in more than two months against the United States dollar as investors maneuvered ahead of highly anticipated presidential election results. U.S. stocks rose for a second straight session ahead of the results, as investors bet Democratic candidate Hillary Clinton to win the USA presidential election. (more...)
Strong yen sends Toyota's quarterly profit sinking 36 pct Strong yen sends Toyota's quarterly profit sinking 36 pct
- November 09, 2016

But despite the profit decline, Toyota raised its full-year profit forecast, as the increase in value of the Japanese yen stopped short of the levels it had predicted earlier. Toyota has said it will make more of those larger vehicles including its popular RAV4 crossover model in the United States, to take advantage of that shift in consumer preference. (more...)
Trump Wins Arkansas & Louisiana, Clinton Wins Connecticut Trump Wins Arkansas & Louisiana, Clinton Wins Connecticut
- November 09, 2016

She said she had voted for Ms Clinton, as she would prefer a politician to run the country rather than a businessman. In the last week alone, Democrats went to court in seven states seeking to halt what they claim were efforts by Republicans and the Trump campaign to deploy a network of poll watchers hunting for voter fraud. (more...)
North Dakota Regulators Eye Fine Against Pipeline Company
- November 09, 2016

Energy Transfer Partners (NYSE:ETP) says it is not slowing down construction of the Dakota Access oil pipeline despite protests, and is moving equipment to prepare for tunneling under Lake Oahe , even as federal regulators have not yet given a go-ahead to proceed. (more...)
Defence review see 56 sites close Defence review see 56 sites close
- November 09, 2016

The MoD said this would help achieve its target to provide enough land for 55,000 homes, contributing to the government's target of 160,000 new homes by 2020. More than 32,500 acres of excess defence land is being released, including ten surplus airfields and five golf courses. Mrs Grant released a statement yesterday (November 7) which said: "I have received notification from defence minister Mark Lancaster of intended closures of military installations and bases in the coming years, one ... (more...)
Britain concerned by China moves in Hong Kong
- November 09, 2016

Experts say the latest move shows that China's interventions in Hong Kong have little to do with constitutional formalities; they are fundamentally about the demonstration of Beijing's political power. Leung and Ms. Yau's seats might require additional legislation, Mr. Gittings said, but Hong Kong's pan-democratic lawmakers could filibuster a new bill. (more...)
Stricter rules see demand for gold drop to 7-year low Stricter rules see demand for gold drop to 7-year low
- November 09, 2016

Concerns over geopolitical risk in the aftermath of Britain's vote to leave the European Union and ahead of this week's USA elections boosted the metal's appeal as a haven from risk. Central banks bought 81.7 tons, down from 168 tons. The relative stability can be attributed to the cost cutting programmes that have been a feature over the past few years, the report said. (more...)
RBI Issues New Series Of Rs 500, Rs 2000 Currency Notes
- November 09, 2016

One of the decisions that prompted the government to withdraw Rs 500/1,000 rupee notes from circulation was taken after it was found their circulation was not in line with the economic growth, said Economic Affairs Secretary Shaktikanta Das on Tuesday. (more...)
India scraps high currency notes to fight corruption
- November 09, 2016

In a statement, Singh described the Prime Minister's decision as "courageous and bold" and said India's fight against corruption and terrorism will now be strengthened with demonetisation of Rs 1,000 and Rs 500 notes. The Rs 2,000 note, which is a first under the denomination, will be called the "Mahatma Gandhi (New) Series" and has the motif of the low-priced mission to Mars, the Mangalayan, on the reverse, the RBI said. (more...)
MI an important state in U.S. presidential election
- November 09, 2016

At the same time , Trump, who hijacked his conservative party and turned it into a vehicle for populist bombast, concluded a last-gasp tour of swing states by painting his rival as doomed to defeat and the corrupt creature of a discredited elite. (more...)
Government notifies demonetisation of Rs 500/Rs 1000 notes
- November 09, 2016

Simultaneously, the government has made a decision to issue new design currency notes of Rs. 500 and Rs. 2000 which will be introduced to the public through the Banks from November 10 onward. The prime minister said that the move was also created to counter extremist groups who carry out attacks on India, saying "enemies from across the border" were financing their activities by mass producing counterfeit Indian notes. (more...)
Fed Holds Rates Unchanged and Signals Possible December Hike
- November 09, 2016

Investors are concerned that a potential victory for Donald Trump could cause the FOMC to hold off on interest rate hikes, even in December. The use of the word "some" in that statement took the eye and had U.S. Mester of the Cleveland Fed advocating a rate hike. In September there were three dissents. Pricing in federal funds futures contracts earlier Wednesday implied a roughly 15 percent probability of an increase at this meeting. (more...)
Fidelity National Financial Inc (NYSE:FNFV) Broker Summary Fidelity National Financial Inc (NYSE:FNFV) Broker Summary
- November 09, 2016

Fidelity National Information Services makes up approx 0.01% of Nordea Investment Management Ab's portfolio. FIS has been the topic of a number of other reports. Fidelity National Information Services, Inc. recently traded -0.49% below its 50-day simple moving average and went up 8.02% from its 200-day simple moving average. (more...)
Schumer Wins 4th Term In US Senate Schumer Wins 4th Term In US Senate
- November 09, 2016

Among registered voters, Democrats far outnumber Republicans in the state. The two former candidates for governor are running for one of four open seats in NY. The U.S. House race between Democrat Zephyr Teachout and Republican John Faso has turned into one of the most closely watched congressional matchups in the nation. (more...)

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