Markets


Stocks slip as drug company shares drag Wall Street lower
- November 19, 2016

HOME GOODS GO BAD: Companies that sell common household products are also moving lower. Eastern as Wal-Mart and Cisco Systems slumped. The Nikkei 225 Index climbed 104.78 points or 0.59 percent to 17,967.41, while the broader Topix index closed 0.38 percent higher at 1,428.46. (more...)
Don't hoard currency; sufficient cash supply available: RBI Don't hoard currency; sufficient cash supply available: RBI
- November 19, 2016

Narendra Modi's abrupt November 8 decision to make almost 90% of India's cash unusable continues to cause huge disruption to the economy, inspiring protests against the Prime Minister. Only a one-time exchange is allowed across the counter of a bank or post office, but the old notes can be deposited in banks till December 30. "People are unable to buy vegetables, milk for their babies and medicines for the ailing", she said, and demanded that the government "restore normalcy". (more...)
Amid chaos, PM Modi to chair all-party meet on demonetisation today
- November 19, 2016

They said BJP President Amit Shah lauded Modi and the government for maintaining security as well as secrecy for the past many months on the demonetisation move and bringing out new currency notes. "After December 30, I promise to show you the India that you have always wished for". "Its my tribute", said PM Modi. "Burn him alive, but Modi won't back off", he said, underscoring how the opposition targeted him in Parliament over his Jandhan scheme. (more...)
Black Friday deals: What to buy and what to avoid
- November 19, 2016

Many retailers have launched Black Friday deals early - both Amazon and Argos deals are already live, bookmark these items in preparation for the 25th itself. The list of electronics deals Amazon revealed to press beforehand is broad, and some product specifics weren't provided ahead of time. For the rest of the three months leading up to Black Friday it was £299, £309 or very occasionally £319. (more...)
OPEC Moves Closer To Oil Output Deal As Iran Gets New Offer
- November 19, 2016

On the New York Mercantile Exchange, December West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $45.57 a barrel after a brief spike well above $46. Meanwhile, returning Libyan crude oil production could cap market gains. "Positive OPEC rhetoric" is supporting prices, said Stephen Brennock, an analyst at PVM Oil Associates Ltd. (more...)
Boston officials seek advice on legal pot issues
- November 19, 2016

Denver is now the first city in the nation to allow people to use marijuana in participating bars and eateries. Colorado law is not now clear on marijuana use in public, which has led to a range of local ordinances. After millions of out-of-state dollars and corporate interests helped legalize recreational marijuana in three states this past Tuesday, some pundits have said the debate over legalization is finished. (more...)
Pakistan expels Turkish teachers as Erdogan arrives Islamabad Pakistan expels Turkish teachers as Erdogan arrives Islamabad
- November 19, 2016

Turkey and Pakistan signed a joint communique in the Pakistani capital of Islamabad on Thursday, formalizing their intent to expand and strengthen bilateral ties in a number of sectors. Erdogan said other terror organisations such as Al-Qaeda and Islamic State (IS) were working against Muslims and added, "Muslim nations in unison could defeat those evil forces from harming unarmed people and maligning Islam internationally". (more...)
Tesla Model S P100D update trims 0-60 dash to 2.4sec Tesla Model S P100D update trims 0-60 dash to 2.4sec
- November 19, 2016

With this in mind, Tesla sought to improve the performance of its existing electric vehicles through a software update, and it did. Tesla CEO Elon Musk tweeted an Easter egg released via an upcoming software update in December will allow the Model S P100D to accelerate from 0 to 60 miles per hour in 2.4 seconds. (more...)
Steelers defense adjusting to life without Cam Heyward
- November 19, 2016

It doesn't appear Roethlisberger looks off Scandrick toward Rodgers, but Scandrick floats that way because the flats are also his responsibility in this Cover 2 look. And he leads the Steelers with three sacks. Time had expired and the game would have been over whether he got tackled by Byron Jones in bounds or ducked out on the sideline. (more...)
Zika is no longer global emergency, WHO Says
- November 19, 2016

That will allow for a more sustained focus, with more dedicated resources and expertise, he added. They are now preparing to test some of the compounds in animals, he said. Zika's still causing outbreaks in Florida. The CDC also stressed in a statement that the WHO's decision does not obviate the need for pregnant women to avoid travel to places where Zika is spreading. (more...)
United States dollar closes higher, breaches NT$32 mark
- November 19, 2016

Following the election of Donald Trump as the next US president, investors will be looking for clues about the Fed's plans after next month. Gold slips was posted in Business of TheNews International - https://www.thenews.com.pk on November 19, 2016 and was last updated on November 19, 2016. (more...)
Volkswagen cuts 30K jobs after emissions cheating scandal
- November 19, 2016

That said, Volkswagen in the same announcement also said it would create 9000 new jobs in its battery and mobility services factories in Germany as the brand moves towards an electric future. The company employs 600,000 people worldwide and the job losses will be majorly spread across Germany, North America and Brazil, according to a German newspaper. (more...)
Yellen cites economic gains as December rate hike seems likely
- November 19, 2016

The losses weren't large, but they represented the biggest decline for stocks since November 3. The rupee has lost 1.3% this week. Procter & Gamble gave up $1.04, or 1.3 percent, to $82.03 and drugstore operator Walgreens Boots Alliance slumped 98 cents, or 1.2 percent, to $83.01. (more...)
Best Buy Black Friday Ad 2016: Best Black Friday Deals Best Buy Black Friday Ad 2016: Best Black Friday Deals
- November 19, 2016

Please make sure to check you local stores hours because the hours do vary by location. "Start researching and planning", says Benjamin Glaser, features editor with DealNews .com, a deal comparison website. With Thanksgiving approaching, you may be starting to plan out your shopping game plan. The seemingly standard holiday deals are featured too, including Google's Chromecast for $25 and Amazon's Fire TV Stick for $29.99 and Amazon's Echo for $139.99, or $40 off. (more...)
Arizona electoral college members asked to not vote for Donald Trump Arizona electoral college members asked to not vote for Donald Trump
- November 19, 2016

Just three deep blue states - California, New York and IL that always vote Democratic - account for 104 Electoral College votes, 38 percent of the 270 needed to elect the president and vice-president. presidential elections. Arizona has 11 electoral college ballots to cast in December, and it takes 270 to become president of the United States. As of Friday, with about 95 percent of ballots counted, Clinton's margin of victory in the popular vote against Trump was 1.4 million. (more...)
Mexico Draws the Line at Renegotiating NAFTA Mexico Draws the Line at Renegotiating NAFTA
- November 19, 2016

And after Hurricane Trump made landfall, the peso fell to an all-time low Wednesday and the Mexican stock market plunged at the opening bell on fears Trump would make good on his promises to upend economic ties. "If farmers don't have some hesitation on President Trump's trade policy, then they should", said Patrick Pfingsten, director of agriculture at the Corydon Group. (more...)
Equities Analysts Set Expectations for Federal Realty Investment Trust's FY2016 Earnings (FRT)
- November 19, 2016

Technical reading is a trading arrangement used to assess securities and work to estimate their movement by analysing statistics collected from diverse trading activity, which may comprise, volume and price study. The sell-side target prices range from $84 to $121. Euclid Advisors LLC bought a new stake in Federal Realty Investment Trust during the first quarter valued at approximately $2,042,000. (more...)
Oil Gains 5% On The Week On OPEC Hopes Oil Gains 5% On The Week On OPEC Hopes
- November 19, 2016

At the meeting, OPEC member countries proposed Iran cap its oil output at 3.92 million barrels per day (bpd), a source familiar with the proposal told media. However, he said that oil prices are likely to strengthen next year when some production cuts are expected by some OPEC members coupled with production declines outside the cartel because of slowing investments. (more...)
Trump claims to save auto plant. But it wasn't closing
- November 19, 2016

He then followed with a second Tweet that read: "worked hard with Bill Ford to keep the Lincoln plant in Kentucky". During a conference call with analysts Thursday morning, Ford Motor Company Chief Financial Officer Bob Shanks was asked how President-elect Donald Trump's trade policies might affect the automaker's decisions on investing in Mexico or in the United States. (more...)
Oklahoma City police identify airport shooting suspect as Lloyd Buie
- November 19, 2016

Buie quit his job as a ramp agent for Southwest Airlines in April 2015 after he refused to take an alcohol screening, airline spokeswoman Brandy King said Wednesday. They used a robot to determine he was dead inside it before giving the all-clear. The Kansas City Chiefs are rallying around long snapper James Winchester, whose father Michael was killed by a former Southwest Airlines employee outside of an Oklahoma City airport . (more...)

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