Markets


Rupee hits record low against U.S. dollar Rupee hits record low against U.S. dollar
- November 24, 2016

Since the United States election on Nov 8, foreign investors have sold a net US$1.59 billion from equity markets and US$2.02 billion in debt. The central may have to continue intervening to contain the volatility of the currency. The Indian currency weakened 0.5 per cent on Wednesday, falling for the eighth time in nine days. The rupee has fallen around 3 per cent so far this month, its biggest fall against the dollar since August 2015, though it has fared better than many other emerging ... (more...)
Federal judge blocks new OT protection rule Federal judge blocks new OT protection rule
- November 24, 2016

The salary threshold is about twice the current exemption from overtime pay. The rules raised the amount salaried employees have to earn before they are exempt from the overtime pay rules. On Tuesday, Texas U.S. District Judge Amos Mazzant temporarily halted the U.S. Dept. of Labor's contentious overtime rule from going into effect on December 1. (more...)
Jan Dhan account deposits swell, mobilise Rs 21000 cr
- November 24, 2016

According to government sources, these accounts have witnessed deposits worth over Rs 21,000 crore. There are approximately 25 crore Jan Dhan accounts across the country. The government had earlier said deposits of up to Rs2.50 lakh in bank accounts would not come under tax scrutiny as it is within the tax exemption limit. (more...)
Markets Right Now: US indexes open mostly lower Markets Right Now: US indexes open mostly lower
- November 24, 2016

United States trading will be closed Thursday for Thanksgiving and markets will close early on Friday. Biogen sank $13.58, or 4.3 per cent, to $304.53. Gold futures tumbled, as the U.S. Dollar Index (DXY) climbed to a fresh 13-year high. "Speculation of a December rate hike reached mind-boggling levels", said Lukman Otunuga, research analyst at Forex Time Ltd (FXTM) in Croydon, England. (more...)
Another Thanksgiving in America: Laced with varied reasons Another Thanksgiving in America: Laced with varied reasons
- November 24, 2016

In almost every respect, Thanksgiving Day is a uniquely American holiday. The Rev. Brenda Adkins, pastor of the His Divine Fellowship Ministry Church, created Day of Joy to put Thanksgiving in a bag to send hundreds of less fortunate people home with a meal. (more...)
Talks To Upgrade Deal With Chile Talks To Upgrade Deal With Chile
- November 24, 2016

On behalf of China's State Council Information Office, I would like to extend my warm welcome to all attendees and heartfelt gratitude to all parties for their hard work in preparing for the summit. China is now Chile's largest trading partner, its largest export destination and the largest buyer of copper products. Then it reviews China's relations with Latin America and the Caribbean since the founding of People's Republic of China in 1949. (more...)
Singapore downgrades its GDP for 2016 Singapore downgrades its GDP for 2016
- November 24, 2016

It expanded 2 percent last year, the slowest pace since 2009, and the government forecasts even lower GDP growth this year of 1 percent to 1.5 percent - down from a previous estimate of as much as 2 percent. Growth next year is tipped to come in at between 1 to 3 per cent on the back of a slighter stronger global outlook, the MTI said on Thursday (Nov 24). (more...)
You are here! Home > INTERNATIONAL > Bombings continue in Aleppo for 3rd day You are here! Home > INTERNATIONAL > Bombings continue in Aleppo for 3rd day
- November 24, 2016

At least 65 civilians have been killed in east Aleppo since the start of a regime offensive on Tuesday, said the monitoring group. Airstrikes hammered rebel-held zones Wednesday in Syria's besieged Aleppo , badly damaging a children's hospital as staff members and patients huddled in a basement, doctors said. (more...)
Over 93% support demonetisation in PM's app survey Over 93% support demonetisation in PM's app survey
- November 24, 2016

Parliamentary Affairs Minister Ananth Kumar said the government is ready for discussion on the issue. The Prime Minister shook hands and was seen chatting with Singh, as also Leader of the Opposition Ghulam Nabi Azad and Anand Sharma. There are 7 percent of voters who said that they can't say it. As almost 200 Opposition MPs staged protest outside Parliament, the Congress vice president said: "What the PM has done is the biggest impromptu financial experiment in the world". (more...)
PM Modi App Survey: 93% Public Support Demonetisation
- November 24, 2016

The government floor managers also do not rule out the option of convening an all party meeting to build a consensus for running Parliament as it can not afford to sacrifice important legislations such as three GST bills due to the opposition heat. (more...)
Iran warns of retaliation if United States breaches nuclear deal
- November 24, 2016

But Mr Trump also presents new opportunities for Iran , many analysts say. The U.S. House of Representatives re-authorized the Iran Sanctions Act for 10 years last week, a law that deters investments in Iran's energy industry and complicates Iran's pursuit of nuclear weapons . (more...)
Holiday shopping? Bring these 4 money-saving apps with you Holiday shopping? Bring these 4 money-saving apps with you
- November 24, 2016

Find out what time does Walmart open on Thanksgiving. That's not to say every retailer is embracing "Black Thursday". Those are my predictions in what is expected to be yet another franctic Black Friday weekend. Macy's: Open Thanksgiving at 5 p.m. until Friday at 10 p.m. Rachel Horton, of Knoxville, said she planned to do some Christmas shopping soon, but not on Thanksgiving or Black Friday . (more...)
Demonetization a monumental management failure: Manmohan Demonetization a monumental management failure: Manmohan
- November 24, 2016

After all, 90 per cent of our people work in the informal sector, 55 per cent of our workers in agriculture are reeling in distress. The prime minister says we should wait for 50 days. GDP can [can] go decline by 2 percent - and this is an underestimate, not overestimate. "I would like to ask the PM for examples of countries where people have deposited their money in the banks and not allowed to withdraw their own money", he added. (more...)
Lufthansa scraps more than 900 flights on Thursday due to strike
- November 24, 2016

Lufthansa , led by CEO Carsten Spohr, insists that despite a record profit in 2015, it has no choice but to cut costs to compete with leaner rivals such as Ryanair on short-haul and Emirates on long-haul flights. It expressed "complete incomprehension" at Cockpit's decision to extend the strike and said it would make preparations to deal with the Thursday walkout. (more...)
Germany's Lufthansa Cancels 912 Flights in Pilot Strike Germany's Lufthansa Cancels 912 Flights in Pilot Strike
- November 24, 2016

Lufthansa's Baku office also noted that every passenger of the canceled flights is being treated individually, a variety of alternatives are being offered, those passengers can change the departure date or cancel the reservation free of charge. (more...)
Black Friday 2016 Shopping: Travel Gadget Deals From Walmart, BestBuy, and More Black Friday 2016 Shopping: Travel Gadget Deals From Walmart, BestBuy, and More
- November 24, 2016

Shopping in local stores is typical for Saturdays after Thanksgiving, but it is not limited to just then. Instead of making people wait for online sales, Walmart is evening out the in-store and mobile experience. The mall will reopen at 6 a.m. on Black Friday and close at 9 p.m. She says , Thanksgiving Day shopping has changed the whole feel of Black Friday. Hagood said that's one of the ideas behind Eastdale's 8 p.m. (more...)
Zika babies could develop severe brain damage after birth — CDC Zika babies could develop severe brain damage after birth — CDC
- November 24, 2016

There has been reported no local transmission of the virus, as has occurred in certain Miami neighborhoods. "The last known person contracted Zika in this area on September 27th", the state health department said in a statement . As Harvard professor and Zika expert Dr. Deborah Levine told the Times , "A lot of the developmental abnormalities we're not going to see until later". (more...)
China Wants Quick Close on Regional Trade Pact After TPP Dashed China Wants Quick Close on Regional Trade Pact After TPP Dashed
- November 24, 2016

China will play its role in promoting economic integration in the Asia-Pacific, the foreign ministry said yesterday, after US President-elect Donald Trump said he would kill an ambitious regional trade pact. Trade deals such as TPP and the 1993 North American Free Trade Agreement featured heavily in the brutal White House race and many see Trump's victory as a repudiation of ever-deeper commercial ties. (more...)
Healthcare wait times hit all-time high, new report says Healthcare wait times hit all-time high, new report says
- November 24, 2016

Despite having the shortest average wait time, Ontario's is still on the rise despite provincial strategies to reduce the length of waits and higher levels of healthcare spending. The report's authors also estimate that 973,505 Canadians waited for specialized medical treatment at some point in 2016. "It can result in different kinds of suffering, they can result in people not being able to do their jobs properly and in the worst cases, they might actually result in people actually being ... (more...)
Intl. Trade Minister, Freeland, Says TPP Cannot Proceed Without U.S. Intl. Trade Minister, Freeland, Says TPP Cannot Proceed Without U.S.
- November 24, 2016

Malaysia is likely to wait until the US formally notifies the other parties that it does not intend to ratify the TPP, said Shahriman Lockman, a senior analyst at Malaysia's Institute of Strategic and International Studies, even though it is clear now that the 12-nation trade pact "is pretty much dead". (more...)

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