Markets


Demonetisation war: Jaitley in huddle with Centre's top brass to tackle Opposition Demonetisation war: Jaitley in huddle with Centre's top brass to tackle Opposition
- November 22, 2016

Finance Minister Arun Jaitley also spoke to the media and reiterated the government's readiness to debate any issue. He also tells the meet that cash will continue to exist but there'll be greater focus on digital currency. "Why are they (Opposition parties) running away from a debate?,"' Jaitley had said. Jaitley said that the entire country is supporting the demonetisation move, in spite of claims made by the opposition parties. (more...)
Government borrowing falls to £4.8bn in October
- November 22, 2016

She has also promised the employer's group a new industrial strategy that will include an extra £2bn a year by 2020 to support research and development. Mr Hammond could also crack down on staff perks like gym memberships and mobile phone contracts which are offered to workers willing to forgo part of their salaries in return in an effort to boost tax revenues, according to reports . (more...)
Fed rate hike odds approach 100 percent in anticipation of Trump Fed rate hike odds approach 100 percent in anticipation of Trump
- November 22, 2016

ENERGY: Oil extended its decline. Federal Reserve Chair Janet Yellen told Congress on Thursday that an improving USA economy has strengthened the case for raising interest rates. On the Nasdaq, 1,446 issues fell and 1,292 advanced. The dollar has been on a tear following Republican Donald Trump's November 8 victory over Democratic rival Hillary Clinton, tracking surging U.S. (more...)
The Growth Forecast For The Coca-Cola Co (NYSE:KO)
- November 22, 2016

Post opening the session at $41.03, the shares hit an intraday low of $40.9 and an intraday high of $41.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red. The mean price target is calculated keeping in view the consensus of 17 brokerage firms. Want the latest recommendations from Zacks Investment Research? Coca-Cola European Partners Plc (CCE) opened the session with a $34.04 price tag, later ranging from $33.69 to $34.17, the range at which ... (more...)
Leaders: Boko Haram besieging villages in Chibok area Leaders: Boko Haram besieging villages in Chibok area
- November 22, 2016

The chairman of Chibok local government area, Yaga Yarkawa, on Monday, told journalists in Maiduguri that people have fled their homes due to the attacks. The forest stronghold was where Boko Haram initially took 276 schoolgirls kidnapped from a government high school at Chibok on April 14 2014. Gen Tukur Buratai, said in an opening remark that the army first published a wanted list of Boko Haram in late 2015, adding that it released the second later. (more...)
Volkswagen aims to go electric, raise lagging profits Volkswagen aims to go electric, raise lagging profits
- November 22, 2016

The German carmaker said that the cuts were a part of the long term plan to increase profitability and gradually shift to electric powered vehicles and digital services. The announcement was made by VW CEO Matthias Mueller at a news conference at Volkswagen HQ in Wolfsburg, saying the job cuts represent "the biggest reform package" in the history of the core brand. (more...)
Trump Settles Trump University Fraud Case for $25 Million
- November 22, 2016

Too bad!" According to AP, roughly 7,000 students who paid anywhere from $1,500 to $35,000 to enroll in the unaccredited university's classes could receive reimbursement if U.S. Trump has strongly denied the allegations and said during the campaign that he wouldn't settle. The lawsuits cast a shadow over the Republican's presidential campaign and led to one of the more controversial moments of his run for the White House, when he claimed the judge overseeing two of the cases was biased ... (more...)
British prime minister to pledge investment into R&D British prime minister to pledge investment into R&D
- November 22, 2016

The Prime Minister told the CBI's annual conference that there were "other routes" within existing board structures to ensure workers' voices were heard at the top of organisations. The EU's competition chief Margrethe Vestager has said she does not see any concerns over Britain's assurances to Nissan, but that she was still waiting for details to have more clarity about the case. (more...)
Brexit vote takes $1.5tn from UK household wealth Brexit vote takes $1.5tn from UK household wealth
- November 22, 2016

Meanwhile, even more people might have lost their status of sterling millionaires , remaining in the dollar millionaire group, as suggested by the pound/dollar FX rates correlation - the issue outside the scope of the report. Nevertheless, as of the end of June, wealth per adult in pounds sterling was 6% above its level a year earlier. But the Credit Suisse report strips out this volatility to assess wealth on a "constant currency" basis. (more...)
Walmart Is Challenging Amazon With Holiday 'Cyber Weekend' Deals Walmart Is Challenging Amazon With Holiday 'Cyber Weekend' Deals
- November 22, 2016

DealNews.com says 38 percent of the specials pushed on the holiday were what the site considered top deals , compared to only 31 percent for Black Friday . Wal-Mart Stores Inc. said it's kicking off its Cyber Monday deals at 12:01 a.m. Believe it or not, Petersen enjoys working at Target on Black Friday . (more...)
Black Friday bargains are a 'con'
- November 22, 2016

And aside from the 2016 Black Friday sale, the "10 Days of Deals" promotion will be making its triumphant return. Amazon has some of the best Black Friday deals you can find online and the company is doing things a bit differently this year. (more...)
OPEC optimistic on output deal with new offer to Iran
- November 22, 2016

Al Sada didn't identify the countries. Previous reporting on the coming deal said that Iran , Libya and Nigeria would be exempted from the agreement's production restraints due to the global sanctions, civil wars and domestic insurgencies each country has faced, respectively. (more...)
Wall Street set to open higher, boosted by oil prices Wall Street set to open higher, boosted by oil prices
- November 22, 2016

It gained $1.80, or 3.9 percent, to $47.49 a barrel while Brent crude, the global standard, rose $2.04, or 4.4 percent, to $48.90 a barrel in London. The Bloomberg Commodity Index, which measures returns on raw materials, advanced 2.2 percent, set for its first two-day gain since October 24. (more...)
Dollar retreats from 13 1/2-year high as metals rally Dollar retreats from 13 1/2-year high as metals rally
- November 22, 2016

FTSE China A50 Index futures retreated 0.3 per cent on Friday. MSCI's broadest dollar-based index of Asia-Pacific shares outside Japan dipped 0.1 percent, staying near four-month lows. "By then this Trump-inspired market may come to an end for now", said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. (more...)
Why Goldman Sachs and Santander Are Bailing on R3's Blockchain Group Why Goldman Sachs and Santander Are Bailing on R3's Blockchain Group
- November 22, 2016

Goldman Sachs Group Inc. has quit the R3 CEV LLC blockchain group, and other banks may soon follow it out the door, said people familiar with the venture, a sign the financial industry's leading blockchain consortium may be splintering. R3's funding will be raised in phases over the next nine to 12 months. Goldman sought more leverage in the deal, which could have included a board seat or some other element of additional control, sources said. (more...)
Potential Dakota Access Pipeline Merger Sees Stock Fall 8 Percent Potential Dakota Access Pipeline Merger Sees Stock Fall 8 Percent
- November 22, 2016

Bullish analyst finds the company reporting EPS of $6.46 whereas the bearish target is $6.17. 07/07/2016 - Energy Transfer Equity, L.P. had its "buy" rating reiterated by analysts at Deutsche Bank. Jay Hatfield , portfolio manager of InfraCap MLP ETF (AMZA), believes there merger plan is a long-term positive for all the companies, even if the market was initially negative. (more...)
Multiple deaths in Chattanooga school bus crash Multiple deaths in Chattanooga school bus crash
- November 22, 2016

The accident left the bright yellow school bus wrapped around a tree, mangled and almost severed in two. There were 35 kids on the bus with grades ranging from kindergarten to 5th grade, according to police. In a news conference Monday, Assistant Chief Tracy Arnold said there were multiple fatalities but did not confirm the exact number. "From the state, obviously we're going to do everything we can to assist in any way", Gov. (more...)
Cabin crew strike at Lufthansa budget airline Eurowings Cabin crew strike at Lufthansa budget airline Eurowings
- November 22, 2016

They are demanding better pay for about 460 flight attendants. Pilots at German airline Lufthansa will go on strike on Wednesday in a long-running pay dispute, their labor union said on Monday, raising the prospects of hundreds of flight cancellations. (more...)
Stock Volume Popping onto Most Active List: Netflix, Inc. (NASDAQ:NFLX) Stock Volume Popping onto Most Active List: Netflix, Inc. (NASDAQ:NFLX)
- November 22, 2016

The firm now has $125.96 price objective on the Internet television network's stock. Several other analysts also recently weighed in on NFLX . Netflix, Inc . Following the sale, the director now owns 15,562 shares of the company's stock, valued at $1,507,957.80. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, 4 analysts given HOLD rating to the stock. (more...)
Trump tweets he settled $25M fraud case because he's too busy
- November 22, 2016

The New York AG said the $25 million settlement had included a penalty of $1 million paid to the state of New York for the violation of the education laws of the state by calling the program a university even though not offering any university degrees or any traditional form of education. (more...)