Markets
PM Modi firm on demonetisation, says no rollback
- November 15, 2016
Mr Modi, in his Sunday speech, asked the Indian public for 50 days of forbearance to transition to new bills of 500 and 2,000 rupees. The measures include a special investigation team to track illicit funds stashed overseas; signing bilateral agreements, including with the usa, to track deposits of unaccounted Indian money; and opening 200 million Jandhan bank accounts for the poor. (more...)
- November 15, 2016
Mr Modi, in his Sunday speech, asked the Indian public for 50 days of forbearance to transition to new bills of 500 and 2,000 rupees. The measures include a special investigation team to track illicit funds stashed overseas; signing bilateral agreements, including with the usa, to track deposits of unaccounted Indian money; and opening 200 million Jandhan bank accounts for the poor. (more...)
US stocks move higher as banks surge with bond yields
- November 15, 2016
You can see that long bonds saw the biggest losses by far, while short-term bonds barely budged from the rise in rates. On Wall Street, the future for the Standard & Poor's 500 rose 0.3 percent and that for the Dow Jones industrial average was unchanged. (more...)
- November 15, 2016
You can see that long bonds saw the biggest losses by far, while short-term bonds barely budged from the rise in rates. On Wall Street, the future for the Standard & Poor's 500 rose 0.3 percent and that for the Dow Jones industrial average was unchanged. (more...)
Millennials Just Didn't Love Hillary Clinton The Way They Loved Barack Obama
- November 15, 2016
With the exception of ME and Nebraska, it has been the practice since the 1880s that the candidate with the largest number of votes in a state gets all of the electoral votes. you know, you get 100 million votes and somebody else gets 90 million votes and you win". There's a reason for doing this because it brings all the states into play. (more...)
- November 15, 2016
With the exception of ME and Nebraska, it has been the practice since the 1880s that the candidate with the largest number of votes in a state gets all of the electoral votes. you know, you get 100 million votes and somebody else gets 90 million votes and you win". There's a reason for doing this because it brings all the states into play. (more...)
Asian Stocks Lower as Dollar Gains, Markets Watch Trump
- November 15, 2016
Digi said it rejected the bid of 13.82 dollars a share, or about 359 million dollars, because it is too low. German 30-year yields topped 1 percent for the first time in more than six months. Its U.S. Treasury index suffered a 1.91 percent decline on a total return basis, the biggest weekly drop since June 2009. Brent crude, used to price worldwide oils, lost $1.11, or 2.5 percent, to $43.64 a barrel in London. (more...)
- November 15, 2016
Digi said it rejected the bid of 13.82 dollars a share, or about 359 million dollars, because it is too low. German 30-year yields topped 1 percent for the first time in more than six months. Its U.S. Treasury index suffered a 1.91 percent decline on a total return basis, the biggest weekly drop since June 2009. Brent crude, used to price worldwide oils, lost $1.11, or 2.5 percent, to $43.64 a barrel in London. (more...)
Trump will get wake-up call when he takes office, Obama says
- November 15, 2016
Obama sidestepped a reporter's question about Trump's actions since his victory, including his selection on Sunday of Stephen K. Bannon, a media mogul whose website, Breitbart.com, has promoted white nationalist, racist, and anti-Semitic views, as his chief White House strategist and senior counselor. (more...)
- November 15, 2016
Obama sidestepped a reporter's question about Trump's actions since his victory, including his selection on Sunday of Stephen K. Bannon, a media mogul whose website, Breitbart.com, has promoted white nationalist, racist, and anti-Semitic views, as his chief White House strategist and senior counselor. (more...)
Asian stocks meander as dollar gains, markets watch Trump
- November 15, 2016
The dollar rose to an 11-month high against a basket of major currencies on Monday, in step with a jump in US bond yields as traders bet fiscal and trade policies under a Donald Trump administration would stoke inflation. Its stock jumped $22.08, or 25.2 percent, to $109.73. German industrial equipment company Siemens agreed to buy software maker Mentor Graphics for $4.5 billion, or $37.25 a share. (more...)
- November 15, 2016
The dollar rose to an 11-month high against a basket of major currencies on Monday, in step with a jump in US bond yields as traders bet fiscal and trade policies under a Donald Trump administration would stoke inflation. Its stock jumped $22.08, or 25.2 percent, to $109.73. German industrial equipment company Siemens agreed to buy software maker Mentor Graphics for $4.5 billion, or $37.25 a share. (more...)
Oil pipeline protests planned nationwide
- November 15, 2016
On Monday, the Army Corps said it had completed its review of the disputed pipeline but wanted more study and input from tribes before announcing its support for the crossing. Energy Transfer Partners did not immediately respond to a request for comment on Monday. The company said the pipeline has already gone through a comprehensive review and that it would "vigorously pursue its legal rights in this matter". (more...)
- November 15, 2016
On Monday, the Army Corps said it had completed its review of the disputed pipeline but wanted more study and input from tribes before announcing its support for the crossing. Energy Transfer Partners did not immediately respond to a request for comment on Monday. The company said the pipeline has already gone through a comprehensive review and that it would "vigorously pursue its legal rights in this matter". (more...)
Vouching for Trump, Obama says USA will maintain alliances
- November 15, 2016
He added: "This office has a way of waking you up". And he said Trump tapped voters' anxiety, but also enthusiasm "in a way that was impressive". A few have been more effusive, including Russian President Vladimir Putin, whose perceived sympathies for Trump became an election issue and who now says he wants to fully restore USA relations under President Trump. (more...)
- November 15, 2016
He added: "This office has a way of waking you up". And he said Trump tapped voters' anxiety, but also enthusiasm "in a way that was impressive". A few have been more effusive, including Russian President Vladimir Putin, whose perceived sympathies for Trump became an election issue and who now says he wants to fully restore USA relations under President Trump. (more...)
Banks have enough cash for exchange: RBI
- November 15, 2016
It was the same story nearly everywhere. Earlier in the week, India's government made a surprise announcement that all 500- and 1,000-rupee notes had no cash value in an effort to tackle corruption and tax evasion. Autorickshaw driver Babuddin said this situation was no different in all the areas neighbouring Saket. Engineering student Ranjan Samal despaired in Bhubaneswar that he had run out of money. (more...)
- November 15, 2016
It was the same story nearly everywhere. Earlier in the week, India's government made a surprise announcement that all 500- and 1,000-rupee notes had no cash value in an effort to tackle corruption and tax evasion. Autorickshaw driver Babuddin said this situation was no different in all the areas neighbouring Saket. Engineering student Ranjan Samal despaired in Bhubaneswar that he had run out of money. (more...)
Russell Wilson joining Seattle Arena investment group
- November 15, 2016
A privately financed arena could also give Hansen's group time to wait for a possible National Hockey League expansion into his city. Two highly regarded arena management companies - AEG and Oak View Group - have said they plan to offer renovation bids after the proposals go out in January. (more...)
- November 15, 2016
A privately financed arena could also give Hansen's group time to wait for a possible National Hockey League expansion into his city. Two highly regarded arena management companies - AEG and Oak View Group - have said they plan to offer renovation bids after the proposals go out in January. (more...)
Yuan slides to lowest level in almost 8 years
- November 15, 2016
The yuan's weakness has come amid even heavier losses for many other emerging-market currencies since Mr. Trump was elected. "Facing uncertainty in US-China trade, it is possible that China may take the opportunity to release the pressure in advance, allowing the yuan to weaken somewhat as the dollar rises", state-run Xinhua News Agency quoted a Chinese analyst as saying. (more...)
- November 15, 2016
The yuan's weakness has come amid even heavier losses for many other emerging-market currencies since Mr. Trump was elected. "Facing uncertainty in US-China trade, it is possible that China may take the opportunity to release the pressure in advance, allowing the yuan to weaken somewhat as the dollar rises", state-run Xinhua News Agency quoted a Chinese analyst as saying. (more...)
Cyrus Mistry, former chairman of Tata Consultancy Services, sacked
- November 15, 2016
He is also on the boards of several Tata Companies such as Tata Steel, Tata Industries, Tata Teleservices, Titan Industries Limited. Mistry will face another Board test on Thursday when the directors of Tata Chemicals meet. Tata Sons replaced Mistry with Ishaat Hussain as Chairman of India's largest software services firm, Tata Consultancy Services (TCS), a move seen as an attempt by Ratan Tata-led promoter group trying to tighten grip over the Dollars 100 billion salt-to-software ... (more...)
- November 15, 2016
He is also on the boards of several Tata Companies such as Tata Steel, Tata Industries, Tata Teleservices, Titan Industries Limited. Mistry will face another Board test on Thursday when the directors of Tata Chemicals meet. Tata Sons replaced Mistry with Ishaat Hussain as Chairman of India's largest software services firm, Tata Consultancy Services (TCS), a move seen as an attempt by Ratan Tata-led promoter group trying to tighten grip over the Dollars 100 billion salt-to-software ... (more...)
Anger, frustration at ATMs as people wait in long queues for hours
- November 15, 2016
Initial euphoria over being able to withdraw money evaporated as people found that there were no takers for the new Rs 2000 note which they were getting at banks and ATMs. He said the initiative seeks to control both undeclared or black money, and check terrorists who use counterfeit of fake Rs 500 notes. 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. (more...)
- November 15, 2016
Initial euphoria over being able to withdraw money evaporated as people found that there were no takers for the new Rs 2000 note which they were getting at banks and ATMs. He said the initiative seeks to control both undeclared or black money, and check terrorists who use counterfeit of fake Rs 500 notes. 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. (more...)
Strong October Retail Sales Gains Seen As Retail Stocks Soar
- November 15, 2016
Retail sales in the US increased by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. Sales were up 4.3 percent from a year ago. It also bolstered views that the Federal Reserve will raise interest rates at its December 13-14 policy meeting. Even with a healthier expansion in the fourth quarter, growth may not reach 2 percent for the full year. (more...)
- November 15, 2016
Retail sales in the US increased by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. Sales were up 4.3 percent from a year ago. It also bolstered views that the Federal Reserve will raise interest rates at its December 13-14 policy meeting. Even with a healthier expansion in the fourth quarter, growth may not reach 2 percent for the full year. (more...)
Notable Analysts Assessment of Stock: HCA Holdings, Inc. (NYSE:HCA)
- November 15, 2016
BlackRock Fund Advisors increased its stake in INC Research Holdings by 4.1% in the first quarter. The company's institutional ownership is monitored at 72.3 percent. INC Research Holdings had a net margin of 6.58% and a return on equity of 49.42%. The company had Year Ago Sales of 10.25 Billion. During the same period in the prior year, the firm posted $0.58 EPS. (more...)
- November 15, 2016
BlackRock Fund Advisors increased its stake in INC Research Holdings by 4.1% in the first quarter. The company's institutional ownership is monitored at 72.3 percent. INC Research Holdings had a net margin of 6.58% and a return on equity of 49.42%. The company had Year Ago Sales of 10.25 Billion. During the same period in the prior year, the firm posted $0.58 EPS. (more...)
Sensex tanks 514 points, hits six month low amid capital outflow concerns
- November 15, 2016
It had lost 698.86 points on Friday on worries that US President-elect Donald Trump's impending reforms may spark further outflows from emerging markets (EMs). The broader indices made a negative closing; the BSE Mid cap index ended lower by 3.91%, while Small cap index was down by 4.67%. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,493.27 crore last Friday, as per provisional data. (more...)
- November 15, 2016
It had lost 698.86 points on Friday on worries that US President-elect Donald Trump's impending reforms may spark further outflows from emerging markets (EMs). The broader indices made a negative closing; the BSE Mid cap index ended lower by 3.91%, while Small cap index was down by 4.67%. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,493.27 crore last Friday, as per provisional data. (more...)
Michelle Obama & Melania Trump Meet At White House For The First Time
- November 15, 2016
The tour included a look around the private residence, the Truman balcony, the official reception area and the Oval Office, the White House Press Secretary Josh Earnest said in a daily press conference. The two First Ladies looked friendly enough in the photo released to the press, sitting in gold-backed chairs and smiling. The president, who had until Monday been warning that Mr Trump could not be trusted with the nuclear codes, sat feet from a man whose rose politically by questioning Mr ... (more...)
- November 15, 2016
The tour included a look around the private residence, the Truman balcony, the official reception area and the Oval Office, the White House Press Secretary Josh Earnest said in a daily press conference. The two First Ladies looked friendly enough in the photo released to the press, sitting in gold-backed chairs and smiling. The president, who had until Monday been warning that Mr Trump could not be trusted with the nuclear codes, sat feet from a man whose rose politically by questioning Mr ... (more...)
Climate diplomats push back against Trump's victory
- November 15, 2016
Trump has called for stripping regulations to allow unfettered production of coal, oil and natural gas - a key source of emissions - and rescinding the Clean Power Plan, an Obama administration strategy to fight climate change. The withdrawal process would take four years an entire presidential term under the terms of the agreement. But even if Trump walks away from the Paris deal, market forces are already reducing emissions. (more...)
- November 15, 2016
Trump has called for stripping regulations to allow unfettered production of coal, oil and natural gas - a key source of emissions - and rescinding the Clean Power Plan, an Obama administration strategy to fight climate change. The withdrawal process would take four years an entire presidential term under the terms of the agreement. But even if Trump walks away from the Paris deal, market forces are already reducing emissions. (more...)
Earnings Reaction History: Dick's Sporting Goods, Inc., 40.0% Follow-Through Indicator, 4.9% Sensitive
- November 15, 2016
With the company scheduled to report earnings ahead of the open tomorrow, DKS has been performing well on the charts, but some options traders may be preparing for a post-earnings pullback. The stock's impressive performance this year may help explain options traders' preference for put options in recent weeks. The $54.69 average target is -7.99% below today's ($59.44) stock price. (more...)
- November 15, 2016
With the company scheduled to report earnings ahead of the open tomorrow, DKS has been performing well on the charts, but some options traders may be preparing for a post-earnings pullback. The stock's impressive performance this year may help explain options traders' preference for put options in recent weeks. The $54.69 average target is -7.99% below today's ($59.44) stock price. (more...)
HS2 phase two: Where will the route run?
- November 15, 2016
Despite a final decision not due to be made on the £56bn project until next year, ministers have hailed the plans a "game changer". The Government is proposing to accept revised plans tabled by HS2 earlier this year which will see major changes to the proposed route in South Yorkshire. (more...)
- November 15, 2016
Despite a final decision not due to be made on the £56bn project until next year, ministers have hailed the plans a "game changer". The Government is proposing to accept revised plans tabled by HS2 earlier this year which will see major changes to the proposed route in South Yorkshire. (more...)
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Bank of Canada keeps interest rate unchanged