Markets


Sainsbury's like-for-like sales hit, but revenue rises Sainsbury's like-for-like sales hit, but revenue rises
- November 10, 2016

Sainsbury's made an underlying pretax profit of 277 million pounds for the 28 weeks to September 24, down from 308 million pounds in the same period a year ago, hurt by a 1 percent fall in underlying sales that partly reflected its own price cuts. (more...)
Authorities: 3rd body found on South Carolina man's property Authorities: 3rd body found on South Carolina man's property
- November 10, 2016

Thirty-year-old Kala Brown was one of those people. Kohlhepp quietly answered "yes sir" or "no sir" to questions from magistrate Jimmy Henson Sunday. On Saturday, Sheriff Wright says that Kohlhepp confessed to the killings and gave details that no one else would know. Wright says "we're not even close" on identifying the remains. (more...)
Theresa May: PM pushes Britain's trade credentials in India visit Theresa May: PM pushes Britain's trade credentials in India visit
- November 10, 2016

The leaders have also agreed to form a joint working group on trade . The Prime Minister, who was speaking at the India-UK Tech Summit in the national capital, said that India and the UK can leverage technological prowess to create new opportunities, and sought British investments in defense, manufacturing and aerospace sectors. (more...)
Bodies on SC man's property were a couple
- November 10, 2016

SC officials have found a third body on the Spartanburg, S.C., property of Todd Kohlhepp, a convicted sex offender accused of multiple homicides and of chaining up a woman he allegedly kidnapped. Removing the remains to "preserve every bit of evidence" is a meticulous, time-consuming process, the coroner said. Clevenger said he died of multiple gunshot wounds. (more...)
Canadian immigration website crashes amid Trump victory Canadian immigration website crashes amid Trump victory
- November 10, 2016

He said, however, he doesn't believe the peacekeeping missions being contemplated by the Trudeau government will "cut it in the eyes of a Trump administration". Prime Minister Justin Trudeau vowed Wednesday to work with president-elect Donald Trump "in a positive way". Trump has the power to scrap NAFTA , but they said it's mitigated by several factors. (more...)
US Markets Fall Steeply on Early Election Results US Markets Fall Steeply on Early Election Results
- November 10, 2016

Investors turned to assets that are seen as safer bets in times of uncertainty. With market uncertainty running deep over what a Trump presidency might mean for economic policy, traders quickly latched on to talk that the new administration will usher in higher economic growth and inflation, sending U.S. (more...)
Hillary Clinton casts her ballot: 'It is the most humbling feeling'
- November 10, 2016

Republicans expect to maintain their House majority. Democratic presidential nominee Hillary Clinton started her day in Chappaqua, New York ... casting her ballot just after 8. It's not a question if Bill can do it, but a question of, "Will he want to do it"? "Now I ask that we stand behind our new President". As he surveyed a crowd in Scranton, Pennsylvania, he declared: "It's been a long journey". (more...)
India's shock withdrawal of larger banknotes sparks chaos in cash economy India's shock withdrawal of larger banknotes sparks chaos in cash economy
- November 10, 2016

MUMBAI/NEW DELHI Indians struggled to pay for basics goods like food and fuel on Wednesday and wondered how to get hold of their cash, after India suddenly withdrew 500 and 1,000 rupee notes from circulation in a bid to flush out money hidden from the tax man. (more...)
In Focus: Expect a Hyperloop in Dubai Under 5 Years In Focus: Expect a Hyperloop in Dubai Under 5 Years
- November 10, 2016

Under the terms of today's agreement, Hyperloop One will work with McKinsey & Co. and the Bjarke Ingels Group (BIG) - a world-renowned team of architects and engineers - on a detailed feasibility study sponsored by the RTA. The announcement of the deal took place atop the Burj Khalifa , the world's tallest building, with a panoramic view of the skyline of this futuristic city-state serving as both a backdrop and a sign of Dubai's desire to be the first to rush toward the future. (more...)
Fed stands pat on interest rates, but hints at upcoming hike
- November 10, 2016

The Fed's decision to hold interest rates comes amid a continued improvement in the United States jobs market, signs of an economic revival and inflation inching toward its 2% target rate. "That seems like the bar is low". "With the election looming and uncertainty already gripping markets, the Fed needed to hold off in case there is a Brexit-like aftermath". (more...)
Markets Right Now: Stocks shake off early slide, turn higher Markets Right Now: Stocks shake off early slide, turn higher
- November 10, 2016

The rebound followed a rollercoaster day Wednesday as shares cratered after it became apparent that Donald Trump won the presidential election. The benchmark Nikkei 225 index plummeted 5.4 percent, or 919.84 points, to close at 16,251.54 after a wild day of trading. (more...)
Paytm reports 1000% rise in money added within 24 hrs Paytm reports 1000% rise in money added within 24 hrs
- November 10, 2016

This report indicates that how customers and digital wallet users continue to online purchases and payments without being affected by the ban on notes. "This a strong step taken by the Modi government and will benefit the growth of digital payments and digital banking in India", he said. There were several others who benefited, even if temporarily . (more...)
Markets Right Now: US stocks surge after Federal Bureau of Investigation clears Clinton Markets Right Now: US stocks surge after Federal Bureau of Investigation clears Clinton
- November 10, 2016

The Dow Jones industrial average gained 260 points, or 1.5 per cent, to 18,149 as of 10:06 a.m. Investors have been anxious over signs that the USA presidential race was tightening. Copper bucked the trend, rising 5 cents, or 2 percent, to $2.31 a pound. UnitedHealth and JPMorgan Chase led the Dow higher. Goldman climbed $5.56, or 3.2 percent, to $181.48, while UnitedHealth added $4.22, or 3.1 percent, to $141.93. (more...)
Steven Seagal given Russian citizenship by Vladimir Putin Steven Seagal given Russian citizenship by Vladimir Putin
- November 10, 2016

On Thursday, Putin spokesman Dmitry Peskov said it has always been Steven Seagal's wish to get Russian citizenship, and he had been asking for it persistently. Seagal isn't the first Western celebrity to cozy up to Russian Federation. Seagal - whom Putin had suggested to serve as an honorary Russian consul in California and Arizona, as the BBC reported - said in a statement published by Russian news agency TASS that he has always felt the United States and Russia "should be best friends ... (more...)
Dems fall short as GOP wins 2 more years of House control
- November 10, 2016

Battleground Ohio was forecast early on to be one of the most competitive Senate races, but Portman ran a strong and disciplined campaign against former Democratic Gov. Ryan has been a sometime critic of Trump and was slow to endorse him earlier this year, drawing Trump's wrath. Ryan, who was elected to his 10th term, sometimes appears to have a tenuous grip on the fractious House GOP conference and, like his predecessor John Boehner, sometimes has to turn to Democrats to win passage of ... (more...)
Dollar hits new highs as yields spike after Trump win
- November 10, 2016

On Wednesday morning, $1 was worth just more than 20 pesos - a territory it had never traded at before. Last week, Agustin Carstens, Mexico's Central Bank Governor said the central bank is ready to act if required saying there is "a contingency plan that we're discussing with the Finance Ministry". (more...)
Trump Files Lawsuit in Nevada Over Early Voting Poll Times
- November 10, 2016

She also said that issuing the order could potentially make poll workers' identities public and open them up to harassment, according to CNBC . Neither Gloria nor any other official in Clark County has filed a formal complaint with the Nevada Secretary of State, Barbara Cegavske, a Republican who was elected in 2014, who is responsible for pursuing an investigation if she identifies wrong doing. (more...)
'Dire' housing shortage pushing up prices, says Rics 'Dire' housing shortage pushing up prices, says Rics
- November 10, 2016

Agreed sales were slightly up, with 5% more respondents reporting growth. Interest from would-be buyers rose for the second month in a row, with a balance of 10% of Rics members reporting more demand. Britain's economy has fared better in the three months after the European Union vote than the BoE and most private economists expected. Brian Murphy, Head of Lending at Mortgage Advice Bureau, commented: "The data released by the RICS today is based on sentiment and therefore provides us ... (more...)
Donald Trump election win roils Canadian Conservative leadership race
- November 10, 2016

In a Facebook post and emails distributed to her supporters, the Simcoe-Grey MP called Trump's election "an exciting message and one that we need delivered in Canada as well". Leitch's campaign guru Nick Kouvalis helped former Toronto mayor Rob Ford, no stranger to alienating minority groups, achieve power in one of the most cosmopolitan cities in the world. (more...)
The Dow Jones Posts Massive Trump Rebound
- November 10, 2016

At that point markets began to react. USA share markets rose on Wednesday shrugging off concerns that a Donald Trump presidential victory was bad for Wall Street. The dollar turned down in part because analysts suspect the economic uncertainty caused by a Trump win would lessen the chance of the Federal Reserve hiking interest rates in December. (more...)

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