Markets


TSX May Slide with Oil Amid Supply Glut Fears
- November 15, 2016

OPEC is going to review the long-term strategy at the meeting on November 30. The monthly market report noted crude oil futures increased as traders reacted to a production ceiling offered by OPEC members in Algeria. Without action on production, OPEC said to expect a market that still favors the supply side next year. According to the IEA,"OPEC must agree to significant cuts in [its November 30 meeting] in Vienna to turn its Algiers commitment [to cut supplies] into reality". (more...)
OPEC points to even bigger 2017 oil surplus as its output jumps
- November 15, 2016

Oil prices slipped on November 11 as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. Barkindo insists that he will "continue consultations in the coming weeks, and this includes with non-OPEC nations". OPEC announced in September it has agreed to curt oil production to bolster crude prices. (more...)
Retailers expect more Black Friday deal hunters online
- November 15, 2016

AlixPartners also found some retailers who did open on Thanksgiving were simply pulling Friday sales a day earlier and their profit margins took a hit. Keep this in mind as you plan out how you will shop for items in the lead up to Black Friday and on Black Friday 2016. The discounts available through the app include a Hitachi 65-inch 4K Ultra HDTV for $599 ($400 savings), an Xbox One S 500 GB Minecraft console with a bonus controller for $279 ($20 savings), and an Acer 15.6-inch Core i5 ... (more...)
Samsung to buy USA auto parts supplier Harman for $8B Samsung to buy USA auto parts supplier Harman for $8B
- November 15, 2016

Automotive electronics is expected to grow to more than $100 billion by 2025, estimates Samsung , which has made the segment a strategic priority. " Samsung may have figured that it can't become a leader in the vehicle component business by itself, so it needs a big brand to get into the market". (more...)
Trending Stocks Sprint Corp (NYSE:S), Express Scripts Holding Company (NASDAQ:ESRX)
- November 15, 2016

The insider owns 902,428 shares which have current market value of around $68034046.92.Barrett A. Toan is another major inside shareholder in the company. Express Scripts Holding Company (NASDAQ: ESRX ) has declined 0.29% since April 7, 2016 and is downtrending. The stock has a market capitalization of $45.99 billion, a PE ratio of 17.63 and a beta of 0.96. (more...)
EU awaits Trump team to assess future of trans-Atlantic ties EU awaits Trump team to assess future of trans-Atlantic ties
- November 15, 2016

Trump on several occasions described Russian president Vladimir Putin as a better and stronger leader than current US President Barrack Obama. It is not the moment to question the value of cooperation between Europe and the United States, going alone is not an option for either Europe or America, he said. (more...)
Bulgaria premier resigns after party loses presidential vote
- November 15, 2016

The central election commission said that with 99.3% of the ballots counted, Radev won 59.4% of the vote, compared with 36.2% for the candidate of the ruling centre-right party, Tsetska Tsacheva . The Bulgarian president's role is largely ceremonial but the incumbent is nonetheless a respected figure and commander-in-chief of the armed forces. (more...)
Cubs Fans Rejoice With World Series Championship
- November 15, 2016

After giving up a three-run lead and being forced into extra innings - and waiting through a 17-minute rain delay - World Series MVP Ben Zobrist delivered what would be the game-winning RBI double. "When they tied it up it felt like it was over, they (the Cubs) had lost", said Mike Dillon, a banking executive who drove to a tavern just outside Wrigley to be among other fans. (more...)
Indianapolis: Four-year-old girl accidentally shoots herself and mother in head Indianapolis: Four-year-old girl accidentally shoots herself and mother in head
- November 15, 2016

The shooting took place in a residential area, on 1600 block of East 44th Street, at around 8:30 am EST, according to Fox59. The girl's father later told officers that his 2-year-old son was in the same room and that other children were elsewhere inside the property at the time the firearm was discharged, but none were hurt. (more...)
'I BLAME COMEY' Bitter Clinton blames Federal Bureau of Investigation chief for humiliating election defeat 'I BLAME COMEY' Bitter Clinton blames Federal Bureau of Investigation chief for humiliating election defeat
- November 15, 2016

During the call, Clinton also said she was determined to see that country has a prosperous future, echoing comments she delivered in her concession speech. James Comey and Hillary Clinton . "It's a totally rigged system", Trump had said, adding that it wasn't possible to review that many emails in such a short period of time . (more...)
OPEC Production Hits High, Adding To Doubts On Output Cut
- November 15, 2016

Crude oil prices tumbled as much as 4.0 percent to near $43 (R580) a barrel, a near two-month low, late Tuesday night as it became clear United States voters picked Trump as their next president. Oil prices reversed some early losses to push higher on Thursday as markets recovered from their initial shock at US President-elect Donald Trump's surprise victory, although traders said that crude fundamentals remained weak. (more...)
Canada Open to New Trade Negotiations
- November 15, 2016

A year ago B.C. exported $18-billion worth of goods to the US. Moreover, Trump is keen on focusing on a missile defence system outfitted on naval vessels, "something Canada's navy is also thinking of", Martin Shadwick said. and be ready to react and understand such at that time", she said. "That will give us leverage with Washington". More than 1500 USA citizens register for New Zealand visas in seven days, more than 50 per cent of a month's average. (more...)
TCS sacks Cyrus, Tata veteran new chairman
- November 15, 2016

Tata Chemicals further said its independent directors also "reaffirmed that all the decisions taken with regard to the operations and business of the company had been take by the board unanimously and executed by the Chairman and the management as per the directions of the board". (more...)
Cash crunch continue; Parliament House ATMs too run dry Cash crunch continue; Parliament House ATMs too run dry
- November 15, 2016

BCs have wide presence in the rural areas. The release said banks had been advised to arrange separate queues in their branches for senior citizens and divyang persons; customers for transactions against accounts held with the bank; and exchange of notes. (more...)
Japan nuclear deal: Why is it termed controversial and opportunistic?
- November 15, 2016

With the agreement in effect, India can buy nuclear reactors, fuel, and technology from Japanese companies like US-based Westinghouse Electric, owned by Japan's Toshiba, Japan Steel Works (JSW), and Hitachi. It is the first time Japan has signed a nuclear cooperation accord with a non-signatory of the Nuclear Nonproliferation Treaty. But it has softened its stance as it competes for lucrative deals and steps up strategic cooperation with New Delhi in the face of China's expanding economic ... (more...)
Another View: Keep the Electoral College
- November 15, 2016

In the wake of Hillary Clinton's loss to Donald Trump, Maryland and ten other states have made a decision to come together in a bid to sidestep the electoral college that has voted Trump into the White House despite Hillary having won the national popular vote in this year's Presidential Election by approximately 300,000 more votes. (more...)
Bihar: People throng banks, ATMs to exchange old notes, withdraw money
- November 15, 2016

Thousands of panicked Indians have been flocking to banks since they reopened on Thursday as the two notes accounted for about 85% of the cash in circulation. However, it was unclear how many banks across the country - particularly in rural areas - had received the new 2,000 note. "I am unable to go to work as I have two Rs 500 notes which are useless now". (more...)
William Hill strengthens board with trio of experienced directors William Hill strengthens board with trio of experienced directors
- November 14, 2016

BETTING giant William Hill said full-year profits would be at the top end of its target as plans to turn around its struggling online business began to bear fruit. O'Reilly, former managing director at Coral Interactive, and Terrell, previously chief customer officer at supermarket chain Tesco, will both join on January 2. (more...)
Donald Trump's Businesses Pose New Conflict Of Interest Questions
- November 14, 2016

ZARROLI: Potter says he's surprised there wasn't more attention focused during the campaign on the many potential problems that Trump's businesses might create. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests. (more...)
ATMs run dry in Noida, residents struggle without sufficient cash ATMs run dry in Noida, residents struggle without sufficient cash
- November 14, 2016

Many people could not withdraw the sufficient amount of money either from banks or from ATMs as the government restricted the withdrawal of cash up to a limit. "It was also informed that any non-compliance would be dealt by RBI and (the) bank very seriously", read the note sent to the bank branches. The ATM machines need to be reconfigured to dispense the new higher denomination notes due to their size being different from the phased-out currency. (more...)

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