Markets

Warren And Cummings Ask GAO To Look Into Trump 'Conflicts Of Interest'
- November 24, 2016

Warren and Cummings cited articles that outline Trump's " deep ties " to politicians in countries like China, Libya, Turkey, and potentially Ukraine and Russian Federation, reports claiming that Trump hosted over 100 foreign diplomats in his Washington, D.C. (more...)

Signet Jewelers Limited (NYSE:SIG) Projected EPS At $4.54
- November 24, 2016

Signet Jewelers Limited (NYSE:SIG) boasts an impact score of 71 for the day. Considering the earnings reaction history, The Company has topped 100% percentage. Analysts surveyed by FactSet are expecting earnings of $7.30 per share for the full year. The business's revenue was down 2.5% on a year-over-year basis. (more...)

A look at 5 Trump business ties that pose conflicts
- November 24, 2016

Instead, though, the delegation was left at a loss for words about what's next after the surprise election of climate change denier, Donald Trump , for United States president. Donald Trump's recent presidential election victory has posited a lot of questions for a lot of different fields. Then he noted that he also finds the climate issue interesting because "there are few things where there's more division than climate change". (more...)

Hammond forced to defend OBR forecasts as pro-Brexit Tories rage
- November 24, 2016

Fervent Eurosceptic and Conservative MP John Redwood was nearly apoplectic with rage in parliament on Wednesday after Chancellor Philip Hammond delivered his statement. The impact of such an outcome could be even greater fiscal hardship for the United Kingdom, at least in the short term. Wednesday's figures outlined better-than-expected growth of 2.1 per cent this year, falling to just 1.4 per cent in 2017, and returning to 2.1 per cent in 2019. (more...)

The best Black Friday tech deals on Amazon
- November 24, 2016

Finally, read the fine print, many stores only honor sales during a specific time frame, or on a certain day. Here is a Black Friday 2016 guide for the sales hours for both online and in-store and deals that Walmart , Target , Best Buy and others has published for the start of the holiday shopping season. (more...)

India central bank sets up panel to oversee ATM recalibrations
- November 24, 2016

SBI chairman Arundhati Bhattacharya announced that the ATMs will soon start dispensing Rs 50 and Rs 20 currency notes. It also increased the limit of Cash withdrawal from 2000 to 2500 per day, in banks limit has been increased from 4000 to 4500 in exchanging of 500 and 1000 notes. (more...)

Trump to ditch TPP trade deal
- November 24, 2016

Trade Minister Eduardo Ferreyros, who last week urged the world not to "box in" Trump on his campaign stance toward the TPP, said the US President-elect's comments on Monday had "dramatically changed the panorama". This does not mean that the worldwide trade negotiations will remain quiet. The United States is 60 percent of the combined GDP of that group and Japan less than 20 percent, so those conditions can not be met without USA participation. (more...)

Airbus A350-1000 stages maiden flight
- November 24, 2016

Airbus says the A350-1000 will be 25 percent cheaper to operate than the competing Boeing 777-300ER, an older aircraft which weighs more but which has more seats in some layouts. According to Airbus, the A350-1000 has so far won 195 orders from 11 airlines including Asiana, British Airways, Cathay Pacific, Etihad, Japan Airlines, Qatar Airways, United Airlines and Virgin Atlantic. (more...)

Exchanging notes: Points to remember
- November 24, 2016

Mumbai, Nov. 11 (Agencies): Millions queued up at banks across the country to exchange or deposit demonetised 1000- and 500-rupee notes, testing banks and their ATMs in a never-seen-before scenario. He said his government was committed to creating a "corruption-free" India for their benefit. Only Rs 2,000 was exchanged after queuing up for more than three hours. (more...)

What's Open and Closed on Thanksgiving Day
- November 24, 2016

Hours may vary by store. The Somerset Collection, 2800 Big Beaver Road in Troy, is closed on Thanksgiving. Black Friday falls on Friday Nov. 25 in 2016. "Almost half plan to shop that Saturday, with 24 percent saying they're shopping specifically for Small Business Saturday", it added. "Some employees actually request that shift because they like the extra hours ". (more...)

More misery likely as deadline to use old notes ends tonight
- November 24, 2016

Payments for transactions under all exempted categories can now be done only through the old Rs 500 notes. The govt however clarified that Rs 1000 notes would not be accepted anywhere after 24 November. The government demonetised Rs 1,000 and Rs 500 notes on November 8 but provided a number of exemptions where they could be used till November 24. The deadline for the payment of utilities - only water and electricity - has been extended till December 15. (more...)

US rate hike fears plunge rupee to record low
- November 24, 2016

Mumbai: The rupee crashed to almost 39-month low of 68.84, plummeting by by another 28 paise against the United States dollar in early trade on Thursday amid sustained foreign fund outflows and the greenback's surge in overseas markets. "Off-loading of debt and equity by FPIs (foreign portfolio investors) has declined rupee", Sharma said. Foreign funds going on a selling spree from emerging markets on expectations of a rate hike next month by the US Fed and rupee volatility following the ... (more...)

OPEC to debate oil output cut next week but Iraq, Iran hesitate
- November 24, 2016

Analysts surveyed by the Journal had forecast an addition of 800,000 barrels. "The effect of no deal will be well known to all and one that none can afford, even the Saudis", he said. CURRENCIES: The dollar rose to 110.83 yen from 110.43 yen on Monday. "However, after the failure of the Qatar meeting earlier this year, the new Saudi oil minister would like to show the market that OPEC/Saudi Arabia is still in control and is willing to stabilize the oil markets". (more...)

Thousands in South Korea demand ouster of president
- November 24, 2016

Park, who would be the first sitting president to be interrogated in a criminal case, has seen her approval ratings plunge, with hundreds of thousands of protesters taking to Seoul's streets on Saturday demanding she resign. North Korea has taken a keen interest in the corruption scandal that has engulfed its neighbor country's president. "It's much more than simply, "Oh, she knows this person"; it's deeply intertwined, nearly like they're Rasputin and Park Geun-hye is just a puppet", ... (more...)

Alberta moves to cap power prices for consumers ahead of system revamp
- November 24, 2016

Alberta Electric System Operator president and CEO David Erickson said he did not expect the changes to the market would cause prices consumers pay for power to rise "any more than they would have otherwise increased under the energy only market". (more...)

We're thankful for: Good markets
- November 24, 2016

Dollar Tree rose $6.69, 8.2 percent, to $88.68. Agricultural equipment maker Deere & Co. soared 8 percent after reporting strong results for its latest quarter. China's blue-chip CSI300 index .CSI300 advanced 0.5 percent to a near 11-month peak as the yuan touched its lowest in six years. "There are strong signs that the US economy is in good shape, and that bodes well for corporate earnings", said Heinz-Gerd Sonnenschein, an equity strategist at Deutsche Postbank AG in Bonn, Germany. (more...)

Make Christmas Great Again: For $149, Trump sells the bauble
- November 24, 2016

The ornament - made of brass and finished in 14 karat gold - is being sold for $149. All purchases made through Trump's website are considered donations to his campaign. 'This collectible ornament commemorates Trump's commitment to the Christmas spirit and will be a great addition to your family tree this year, ' the note to supporters continued. (more...)

Furious anti-EU MPs are attacking economic experts for 'worthless' Brexit forecasts
- November 24, 2016

But leading members of the campaign to exit the European Union have reacted furiously, with former minister Iain Duncan Smith accusing the OBR of portraying "another utter doom and gloom scenario". The OBR yesterday painted a stark picture of the UK's economy post-Brexit, with growth set to slow down dramatically while the Government will be forced to borrow an extra £122bn following June's referendum. (more...)