Markets


Senate control up for grabs as Democrats pick up Illinois Senate control up for grabs as Democrats pick up Illinois
- November 09, 2016

Nevertheless, they had to secure considerably more seats this year than did the Democrats. As the results of not just the presidential election but also congressional races roll in, it looks as if the Republican party will keep control of the House of Representatives. (more...)
FBI Director Comey Clears Clinton After Unnecessarily Inserting Himself Into Election FBI Director Comey Clears Clinton After Unnecessarily Inserting Himself Into Election
- November 09, 2016

The news hit as Clinton and her campaign team flew from Philadelphia to Cleveland for a campaign event. Her campaign communications director Jennifer Palmieri welcomed the move. Markets have tended to see U.S. presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite. (more...)
Trump lawsuit alleging early voting irregularities in Nevada shut down by judge
- November 09, 2016

Clark County witnessed early voter turnout in record numbers , allowing Democrats a significant lead in today's polling. A lawyer for the Trump campaign sought information about poll workers at certain locations and asked for records and logbooks from certain polling locations to be separated and preserved. (more...)
Counting under way in key battleground states
- November 09, 2016

Hillary Clinton was ensconced in a luxury Manhattan hotel suite Tuesday night, watching the returns with a close group of family members and campaign aides as she awaited word on whether she would become the first woman to serve as president. (more...)
Congress questions sudden move to ban Rs 500/Rs 1000 notes Congress questions sudden move to ban Rs 500/Rs 1000 notes
- November 09, 2016

Across the country November 8 night, people rushed to bank ATM machines where money could be withdrawn in 100-rupee notes, trying to avoid being caught without cash over the next few days. Potentially chaotic ones, at that, with banks and ATMs closed and a public without cash. In the first few days, there will be a withdrawal limit of Rs 2000 per day per ATM card. (more...)
India scraps high currency notes overnight to fight graft
- November 09, 2016

The announcement by Prime Minister Narendra Modi was a surprise meant to prevent citizens from circumventing the move, The Wall Street Journal reported . "Let us ignore those hardships". Counterfeiting was also a major concern, he said, and, in an indirect reference to rival Pakistan, accused a neighboring country of circulating fake Indian currency to damage the Indian economy. (more...)
Reuters/Ipsos: Clinton leads Trump by six points, same as before Federal Bureau of Investigation announcement
- November 09, 2016

The Justice Department , moving to address concerns over the timing of the revelation of the emails and a potential post-election spillover, said it would "dedicate all necessary resources" to concluding the review promptly. But that is exactly what Comey did in making an assumption, apparently sight unseen, that the emails on Weiner's computer not only warranted reopening the Clinton case but required him to go public with his decision. (more...)
Wall Street rises as investors bet on Clinton victory Wall Street rises as investors bet on Clinton victory
- November 09, 2016

That includes plunges of 5.3 percent and 2.4 percent following President Obama's victories in 2008 and 2012, respectively. During his campaign, Trump has threatened to default on USA government debt, which the FT's John Authors says would lead to "Armageddon", and vowed to "reverse the process of globalisation" and inhibit trade. (more...)
Banks in India closed for public on November 9, 2016 Banks in India closed for public on November 9, 2016
- November 09, 2016

Following the announcement, Reserve Bank of India Governor Urjit Patel said the apex bank will launch new Rs 500 and Rs 2,000 currency notes from November 10. Despite some inconvenience, the decision has been welcomed by the tax payers as this method of demonetization will cut the ties of black money hoarders/non-tax payers and bring down the use of counterfeit of the Indian currency for illegal purposes. (more...)
Stocks edge higher after encouraging report on US job growth Stocks edge higher after encouraging report on US job growth
- November 09, 2016

The Standard & Poor's 500 index was little changed at 2,088, and the Nasdaq composite fell 3 points, or 0.1%, to 5,056. Tech stocks fell 1 percent and were the worst-performing major sector, with Facebook dragging. It is unusual for traders or investors to interfere in or display political affiliations, but such is the interest around next week's White House race that one fund manager, Charles Schwab, has published its findings among its own investors. (more...)
Rihanna Bent the Rules of Space and Time to Support Hillary Clinton Rihanna Bent the Rules of Space and Time to Support Hillary Clinton
- November 09, 2016

Last month, the performer wore a gray tee that featured a photo of Hillary Clinton wearing a New York Yankees hat. Underneath her long jacket, the dreadlocked beauty proudly flaunted a $60 Base DTLA crew neck sweatshirt featuring a photo of Rihanna herself wearing another t-shirt with a photo of Hillary Clinton on it. (more...)
Theresa May cancels meet with Tata Steel top brass during India visit Theresa May cancels meet with Tata Steel top brass during India visit
- November 09, 2016

Tata Steel said at the end of March it would field bids for its United Kingdom business, while the company has since entered into talks with Germany's Thyssenkrupp AG on a possible joint venture in Europe. Kulvin Suri, a spokesman for Tata Steel, declined to comment on May's visit to India. The steel producer has absorbed only a portion of potential impairments that exceed $10 billion, according to an e-mail from Mistry, a copy of which was obtained by Bloomberg. (more...)
Regeneron Pharmaceuticals Inc. (REGN) Price Target Lowered to $300.00 at Chardan Capital Regeneron Pharmaceuticals Inc. (REGN) Price Target Lowered to $300.00 at Chardan Capital
- November 09, 2016

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) accumulated +1.63%, closing at $78.96 after floating between $77.39 and $80.92. The firm has a 50-day moving average price of $83.74 and a 200-day moving average price of $89.29. AMP Capital Investors Ltd now owns 99,879 shares of the pharmaceutical company's stock valued at $7,831,000 after buying an additional 549 shares during the period. (more...)
Schools in Ireland to reopen tomorrow as ASTI suspend strike action
- November 09, 2016

The ASTI has accepted an invitation to talks from the chair of the Teachers' Conciliation Council, which arbitrates on disputes. After a day of picketing in the rain which forced schools to close in Portlaoise, Portarlington, Mountrath and Ballinakill the Association of Secondary Teachers in Ireland has announced a suspension of its action. (more...)
India scraps high currency notes from circulation
- November 09, 2016

Indian prime minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday (November 8) in a shock announcement created to tackle widespread corruption. It is expected that banks in India may be closed for several days following the announcement as they remove the notes from tills and ATMs. He added that new notes of Rs 2,000 and Rs 500 will be introduced but these will have limited circulation. (more...)
Nevada judge denies motion in Donald Trump suit over early voting complaint
- November 09, 2016

Clark County officials said in a statement that the lawsuit requests they preserve the records from early voting, which they are already doing, as it is required by law. USA media has reported a surge in Latino voters in Nevada. "Voters who were in line by the scheduled closing time were allowed to vote". A Nevada judge dismissed a last-minute lawsuit filed by Donald Trump which alleged some polling places in the state were kept open later than they should have been. (more...)
LA airport gunman sentenced to life in prison LA airport gunman sentenced to life in prison
- November 09, 2016

According to the Los Angeles County District Attorney's Office, Paul Ciancia is schedule to appear in court at 1 p.m. Monday. Although he apologized for harm caused to Brian Ludmer, a school teacher wounded in the attack, Ciancia expressed no remorse for the slain TSA agent, Gerardo Hernandez, or either of the two other TSA officers who were hit by gunfire and survived. (more...)
China producer prices rise for second straight month China producer prices rise for second straight month
- November 09, 2016

China's consumer price index (CPI), a main gauge of inflation, grew 2.1 percent year on year in October, up from September's 1.9 percent, the National Bureau of Statistics (NBS) announced Wednesday. In September, the index ended more than four years of falls, rising 0.1 percent on-year and offering some relief to longstanding concerns about deflation. (more...)
Modi is lying on OROP, claims Rahul Gandhi
- November 09, 2016

Rahul has been making repeated attempts to keep up his campaign on the cause of "One Rank, One Pension" (OROP) ever since the issue came back to limelight after the suicide. Jaswant alleged that Delhi Police "kicked and abused" some of his family members on Wednesday before taking them to a police station where they were kept for hours. (more...)
Sudden Removal Shocks Cyrus Mistry; Seeks Appointment With PM Modi
- November 09, 2016

Harish Salve, a long-time legal adviser to the Tata Group, told a private news channel that Cyrus Mistry's decisions to sell assets acquired by the group's head, including its steel interests in the United Kingdom, did not find any favour with the board and were viewed as detrimental to the company's significant worldwide reputation. (more...)