Markets


Shock as India scraps 500 and 1000 rupee bank notes Shock as India scraps 500 and 1000 rupee bank notes
- November 09, 2016

And the money for such corruption is often not declared to the tax authorities, making it black money . Lot of people have already rushed to the ATMs, stood in long queues to withdraw and exchange their Rs. There are around 16.5 billion of 500 rupee cash notes and 6.7 billion of 1,000 rupee bank bills available for use, as per national bank Deputy Governor R. (more...)
Trump Takes Iowa, Edges Out Clinton Trump Takes Iowa, Edges Out Clinton
- November 09, 2016

They're still counting votes and every vote should count. There were signs, however, that voters on balance were rejecting Trump's core message on immigration. She got about 6 in 10 Hispanic voters who were born USA citizens. Seven in ten Clinton voters said they anxious about a Trump win, and six in ten Trump supporters said they felt the same about the prospect of a Clinton presidency. (more...)
Sainsbury's profits fall double-digit; reduces net debt by £485m
- November 09, 2016

Sainsbury said the market remained competitive, which would continue to impact on margins as it fights the onslaught from discounters Aldi and Lidl as well as traditional rivals, including a revitalised Asda. "Food will always be at our heart and we are strengthening our Clothing, General Merchandise and Financial Services offers to realise the potential of the group". (more...)
Rio Tinto alerts UK, US watchdogs to payments in Guinea Rio Tinto alerts UK, US watchdogs to payments in Guinea
- November 09, 2016

Authorities in Australia, UK and the United States have been alerted about this payment - and investigations are underway. The miner said it had "launched an investigation into the matter led by external counsel", and that as a result it "today notified the relevant authorities in the United Kingdom and U.S. (more...)
Midwest Investment Management Lowers stake in Union Pacific Corporation (UNP)
- November 09, 2016

Morgan Stanley set a $98.00 price objective on Union Pacific Corp. and gave the company a buy rating in a research report on Friday, October 21st. Out of 22 analysts covering Union Pacific Corporation (NYSE: UNP ), 13 rate it a "Buy", 1 "Sell", while 8 "Hold". (more...)
West Virginia governor race pits billionaire vs Trump backer
- November 09, 2016

Six-term incumbent Glen Gainer III, a Democrat, stepped down in May 14 to take a private sector job. Twenty-one of the seats don't have an incumbent for the general election; 13 are now held by Republicans, and eight are held by Democrats. (more...)
Uncertainty in markets as Trump era begins Uncertainty in markets as Trump era begins
- November 09, 2016

The Australian dollar hit a six month high of 77.72 United States cents at around midday on Wednesday, but dropped an hour later and was at 76.83 United States cents at 1340 AEDT. Global GDP would be lowered and Australian economic growth would be forecast to be down by around 0.3 per cent in 2017, largely reflecting weaker demand from our trading partners, Mr Peter said. (more...)
Threat to 180 jobs as American Apparel's UK arm goes into administration Threat to 180 jobs as American Apparel's UK arm goes into administration
- November 09, 2016

Administrators from United Kingdom -based restructuring firm KPMG said American Apparel's 13 stores were placed in administration, a process similar to chapter 11 in the U.S. The UK stores include sites in Covent Garden, Carnaby Street and Kensington High Street in London, as well stores in Brighton, Bristol and Glasgow. (more...)
The US Presidential Election
- November 09, 2016

After the U.S. Intelligence Community (USIC) determined this summer that Russian Federation was involved in hacks into U.S. entities, James Comey, the director of the Federal Bureau of Investigation, argued to keep the information from the public, according to NBC News . (more...)
Financial Watchlist of Hecla Mining Company (NYSE:HL)
- November 09, 2016

Hecla Mining's dividend payout ratio (DPR) is presently -7.14%. LLC owned approximately 0.96% of Hecla Mining worth $18,835,000 as of its most recent filing with the SEC. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and 15.31. The firm's revenue for the quarter was up 64.4% on a year-over-year basis. (more...)
American beats out Delta for Los Angeles-Beijing route award American beats out Delta for Los Angeles-Beijing route award
- November 09, 2016

Four U.S. airlines - American, Delta, Hawaiian and United - now provide passenger services between the United States and China, and they have already been allocated almost all of the frequencies that are available to the United States. By selecting American, the department determined it would introduce a third airline to the West Coast-Beijing market. American will operate a Boeing 777-200 on the route. (more...)
Strong US Employment Gains For Prime Age Workers As Wage Growth Accelerates Strong US Employment Gains For Prime Age Workers As Wage Growth Accelerates
- November 09, 2016

The think tank also said that unemployment rates in New England are lower than the national unemployment rate, but both MA and New Hampshire have been adding jobs the fastest. Economists surveyed by Bloomberg had expected USA employers to add 173,000 new jobs in October, roughly on pace with average monthly job gains over the course of the year. (more...)
US Dollar and Asian Stocks Rise as the FBI Clears Clinton Again US Dollar and Asian Stocks Rise as the FBI Clears Clinton Again
- November 09, 2016

The calculation would only apply if investigators had been working for 24 hours a day consecutively since they began the investigation. The IShares MSCI Mexico ETF, known of late as the "Trump ETF", soared 5.3 per cent and was on track for its best day in more than five years. (more...)
GST Council decides on four-tier tax structure of 5-28% GST Council decides on four-tier tax structure of 5-28%
- November 09, 2016

The government will also levy an additional cess on top of the highest tax rates. He said instead of the current slab of 3031% on products such as white goods, which includes excise duty of 12.5% and state Value-Added Tax of 14.5%, the highest slab under GST will be 28%. (more...)
Oil retreats with rattled stocks as voting starts in United States polls Oil retreats with rattled stocks as voting starts in United States polls
- November 09, 2016

A global pact to battle global warming entered into force last week, but the latest long-term look into the energy market by the OPEC oil cartel sees climate change measures failing to quench the world's thirst for crude. That is 16 million barrels more than current demand but 400,000 barrels a day less than OPEC predicted in its previous annual forecast. Energy Information Administration says American stockpiles saw their biggest weekly increase in 34 years of record keeping, up ... (more...)
Melbourne Cup result: Almandin beats Heartbreak City in close contest
- November 09, 2016

Not that Nick was going to miss watching the Williams team's four Cup contenders either. "This horse had a (damaged) tendon, he was broken down". "It's high on the agenda, this one", Williams said , when asked how this triumph rated with his other successes. (more...)
Qualcomm Buys NXP in Industry's Largest Merger
- November 09, 2016

The deal is expected to close by the end of 2017 after regulatory approval. And after Qualcomm lost some modem chip business in the popular iPhone 7 to Intel, the acquisition could boost its iPhone share thanks to NXP sensor and payment chips Apple AAPL -0.57% uses. (more...)
Stocks, dollar, Mexico peso jump after Federal Bureau of Investigation clears Clinton Stocks, dollar, Mexico peso jump after Federal Bureau of Investigation clears Clinton
- November 09, 2016

All 11 of the S&P 500's main sectors recorded gains. The investigation was also a bombshell on the USA stock market, with the S&P 500 Index recording its first consecutive nine-day drop since 1980. The FBI set shockwaves through the presidential race late last month when it said it would review newly found emails sent by Clinton using a private server during her tenure as secretary of state. (more...)
Oasis Petroleum's Implied Volatility Is Higher than Its Peers Oasis Petroleum's Implied Volatility Is Higher than Its Peers
- November 09, 2016

Oasis Petroleum was Upgraded by Piper Jaffray to " Overweight" on Oct 19, 2016. Ladenburg Thalmann raised shares of Oasis Petroleum from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a report on Wednesday, July 13th. (more...)
Defiant Trump locked in tight battleground races
- November 09, 2016

The traditional early vote in New Hampshire kicked off what promises to be a busy election day, after Trump and Clinton visited key battleground states late Monday into early Tuesday to make one last plea to American voters. Former President George W. Bush and wife Laura Bush declined to back Trump, instead selecting "none of the above" when they voted for president, according to spokesman Freddy Ford. (more...)