Markets


5.0 quake felt in Oklahoma, Kansas, Missouri and Arkansas 5.0 quake felt in Oklahoma, Kansas, Missouri and Arkansas
- November 20, 2016

The Latest on a magnitude 5.0 natural disaster that struck Cushing, Oklahoma, a major oil storage hub (all times local): 7:10 a.m. Geologists have recorded several aftershocks in Oklahoma following a 5.0 quake that struck Sunday night, causing damage in the town of Cushing. (more...)
Thousands rally calling on Malaysian prime minister to quit
- November 20, 2016

Thousands of anti-government protesters marched in Malaysia's capital demanding the resignation of Prime Minister Najib Razak over his alleged involvement in a multi-billion dollar corruption scandal. Apart from Chin, Fadiah said 15 other politicians and activists, including three Bersih officials, have also been detained. That did little to stop Bersih's momentum, but the Red Shirts turned out in far smaller numbers and began dispersing early. (more...)
Mexican peso gets no help from rate hike Mexican peso gets no help from rate hike
- November 20, 2016

This move by the bank was widely anticipated after Trump's surprising win in the U.S. Presidential election sent the peso falling against the United States dollar to fresh lows last week. Remarks by Fed Chair Janet Yellen suggesting a December rate increase was on track also weighed on demand for emerging market assets, with concerns that heavy USA spending and lower taxes under Trump would cause the peso to depreciate more. (more...)
Sanders wants Trump to apologize for rhetoric
- November 20, 2016

Even without a 2020 run, it is clear Sanders' voice has been amplified, and Democrats know it. "It would be nearly beyond comprehension to think that a new president would be involved in the prosecution of his opponent who ended up getting some two million more votes than he did", he said, as reported by The Washington Post . (more...)
Alec Baldwin Will Return To SNL As President-Elect Trump
- November 20, 2016

Baldwin's election-season portrayals of Trump opposite Kate McKinnon's Hillary Clinton have helped ramp up SNL's ratings and buzz. Baldwin returned to SNL Saturday night to rip into Trump-now president-elect-a little more, poking fun at the real estate heir's chaotic transition. (more...)
China warns Trump against the free trade deals ! China warns Trump against the free trade deals !
- November 20, 2016

Simon Lester, a trade expert at the libertarian Cato Institute and supporter of free trade policies, said that he is taking a wait-and-see approach regarding the incoming administration. That the TPP would be defeated by Congress if brought to a vote signals that the Trojan-horse " trade " agreements that expand corporate power are simply no longer politically viable. (more...)
NYC luxury buildings to drop Trump name NYC luxury buildings to drop Trump name
- November 20, 2016

But one group of tenants wants to strip Trump's brand from their buildings. Trump had been involved in the development known at various times as Riverside South and Trump Place . Like some Trump buildings or products, the President-elect doesn't actually own a stake in the trio of apartments. Mr McKenna preferred to describe those markets as "24/7 gateway cities". (more...)
NY residents have "Trump" name removed from their buildings
- November 20, 2016

Construction workers started removing the gold letters from the front of the building on the Upper West Side. Brian Dumont, a wealth manager who has lived in his Trump Place apartment for four years, said the petition drive gained momentum after neighbors became increasingly embarrassed explaining to fellow New Yorkers that they lived in Trump buildings. (more...)
Volkswagen to cut 30000 jobs
- November 20, 2016

German vehicle manufacturer Volkswagen is planning to slash 23,000 jobs at German factories by 2020 as part of a strategy aimed at boosting efficiency and sustainable development, the company said in a statement issued on Friday. The VW group comprises 12 brands from seven European countries: Volkswagen passenger cars, Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. (more...)
Gold seen as 'biggest victim' on rising interest rates, dollar
- November 20, 2016

London shares were moderately lower at midday, with investors focusing on speeches from central bankers on both sides of the Atlantic ahead of the holiday-shortened Thanksgiving trading week in the US. The ringgit lost further ground against the USA dollar today on growing concerns over the United States interest rates hike next month, bolstered by the country's encouraging economic data, a dealer said. (more...)
Evacuation of New Zealand town cut off by quake almost over
- November 20, 2016

Key on Wednesday rang U.S. President-elect Donald Trump, after missing his calls earlier in the week. Civil Defence Minister Gerry Brownlee said New Zealand had accepted an offer of two United States Navy helicopters, and has had offers of military help from Japan and Malaysia. (more...)
Russian Minister detained over $2m bribe
- November 20, 2016

Ulyukayev was arrested on Tuesday after being accused of taking a $2 million bribe to green light oil major Rosneft's takeover of smaller rival Bashneft. In July, Ulyukayev opposed the deal, saying state-owned company Rosneft should not participate in the takeover. Alexander Shokhin, head of a major business lobbying group, the Russian Union of Entrepreneurs and Industrialists, said he was convinced Ulyukayev was innocent and he may have been framed. (more...)
Never-ending queues, cash crisis… nothing has changed Mr Modi! Never-ending queues, cash crisis… nothing has changed Mr Modi!
- November 20, 2016

Mirroring state of affairs across the country, ATMs in high security Parliament House complex as well as top government offices like North Block, that houses Ministries of Finance and Home, ran out of cash within hours, leaving the high-and-mighty high and dry. (more...)
Jobless rates statewide, locally rise as labor force grows
- November 20, 2016

The jobless rate remained unchanged at 3.6 percent in Montrose County and dropped three-tenths of a point to 4.3 percent in Rio Blanco County. The national unemployment rate increased to 4.9 percent in October. In addition, construction added 1,900 jobs, professional and business services was up 1,600 and retail trade added 1,500. That's almost 13,000 more than at this time a year ago. (more...)
Black Friday deals: More offers become available Black Friday deals: More offers become available
- November 20, 2016

That's up from the 34% past year. So before you go shopping this holiday season, carefully decide what you want, and do not waver. That said, you have to stay aware so you know what it is you're dealing with on Cyber Monday - and remember, scammers are counting on the fact that you will be too stressed to think straight. (more...)
Saudi Arabia Optimistic OPEC Will Reach Deal to Cut Output
- November 20, 2016

OPEC agreed in Algeria on Sept 28 to limit supply with special conditions given to Libya, Nigeria and Iran , whose output has been hit by wars and sanctions. The U.S. Energy Information Administration reported (http://ir.eia.gov/wpsr/wpsrsummary.pdf) that domestic crude supplies in the week ended November 11 rose by 5.3 million barrels. (more...)
See How Markets Around the World Reacted to a Trump Victory
- November 20, 2016

At one point, Dow futures plunged more than 4 percent and Japan's major index nosedived more than 6.1 percent, its largest drop in years. During the campaign, Trump threatened to rip up trade deals like the North American Free Trade Agreement. (more...)
30000 job losses part of 'biggest reform in the history of Volkswagen' 30000 job losses part of 'biggest reform in the history of Volkswagen'
- November 20, 2016

The agreement foresees a 25 percent improvement in productivity at German plants, the company said at a news conference on Friday. WOLFSBURG, Germany, Nov 18 - Volkswagen and its labour unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. (more...)
Fire retardant foam engulfs California airport hangar
- November 20, 2016

A fire alarm is said to have malfunctioned inside the hangar causing the foam to spew out of vents and billow into the streets. "If there had been a fire, this system would've worked very well". They were trying to keep the foam in the storm drain, Matlow said. But aerial footage shows that one biker ignored the warning and rode through the foam cloud, emerging covered from head to toe in the white substance. (more...)
"Mr. Soccer" Bill McDermott talks St. Louis MLS expansion ownership group
- November 20, 2016

Stadium Plan - The group plans to build a world-class soccer stadium in Downtown St. Louis, a key requirement to secure an MLS expansion team. The ownership group is called SC STL and is led by Paul Edgerley , a former Bain Capital executive. (more...)