Markets


Russia will still attend OPEC preparatory talks on Nov. 28
- November 28, 2016

Officials from Kremlin and other non-OPEC nations will meet with the group in Vienna on November 28. The Iranian semiofficial news agency Mehr published an editorial on Sunday accusing Saudi Arabia of declaring a new "war on oil prices" and reneging on its promises to limit output. (more...)
Saudi Arabia won't meet with non-Opec oil producers Saudi Arabia won't meet with non-Opec oil producers
- November 28, 2016

OPEC and non-OPEC members were scheduled to meet Monday to discuss production cuts ahead of the 14-nation oil cartel's November 30 meeting. Brent crude futures were trading at $48.42 at 0753 GMT, down 58 cents, or 1.2 percent, from their last close, although overall activity was thin after the U.S. (more...)
Oil prices fall nearly four per cent Oil prices fall nearly four per cent
- November 28, 2016

Oil prices dived from $110 in mid-2014 to a low of $27 in January 2016, before recovering to $47 now. Some OPEC members have looked to Russian Federation to join in trimming its output. US shale drillers have already benefited from OPEC efforts to lift prices . The meeting got canceled after Saudi Arabia's refusal to join and posed fresh doubts on the much waited a deal that could see production being cut from current levels by more than a million barrels per day. (more...)
Amazon Black Friday 2016 begins with Flash Deals through December 22
- November 28, 2016

This list will highlight all the noteworthy bargains from the most popular online retailers. The past few years have seen sales on the weekends between Halloween and Thanksgiving that rival the Black Friday and Cyber Monday deals. So we have gone through all the trouble and listed all the best Black Friday deals here. Online deals will be available starting November 23 at 9 p.m. (more...)
Amazon extends Black Friday deals until the end of December
- November 28, 2016

Black Friday, and has additional online deals . Starting Wednesday, the e-commerce giant is offering deals on a variety of products, including toys, electronics, kitchen and home goods and video games. Interestingly, the offers made available today will not go lower on Black Friday at Argos or we will refund the difference, which makes things easier for the retailer and the customer. (more...)
PM Attacks UP Government For Being 'Unconcerned' To People's Issues PM Attacks UP Government For Being 'Unconcerned' To People's Issues
- November 28, 2016

Coming down heavily on the Opposition parties for giving a nationwide " Bharat Bandh " call on November 28, the Punjab unit of the Bhartiya Janata Party today stated that the move was politically motivated. Modi urged the people to use mobile and other electronic mode of payments for a cashless society. Prime Minister Narendra Modi believes in dhamaka (publicity oriented) approach to politics. (more...)
Global economic agency gives mixed review of Donald Trump's proposals Global economic agency gives mixed review of Donald Trump's proposals
- November 28, 2016

The OECD report warns the global economy is stuck in a "low-growth trap" but argues that the prospect of fiscal initiatives - higher spending by governments - could push growth higher by 2018. But Germany, which is easily the bloc's largest economy and which is running a budget surplus, continues to dismiss the idea of a state spending boost to support growth in the rest of the single currency zone. (more...)
Thanksgiving weekend shoppers spent less due to discounts
- November 28, 2016

According to the organization, about 36% of shoppers this year said all of their purchases were on sale, compared to 32.5% last year. The number of shoppers rose to 154 million from 151 million in 2015. To compete with Amazon.com, traditional retailers have been pouring billions into their e-commerce offerings. It's not a surprising finding given that Target tgt and Kohl's mss , among others, reported record online sales on Thanksgiving. (more...)
Samsung Electronics to consider split Samsung Electronics to consider split
- November 28, 2016

South Korean tech giant Samsung Electronics has said it will announce plans to increase shareholder returns on Tuesday, as the company faces calls from United States fund Elliott Management to separate into two distinct entities. Splitting the company could also help appease shareholders who have struggled through 2016, unhappy at the multiple raids of Samsung's head office in Korea as part of an investigation into a political scandal and the disastrous Note 7 launch and subsequent recall. (more...)
Murder charge filed in shooting of Detroit college cop Murder charge filed in shooting of Detroit college cop
- November 28, 2016

The judge read off the charges including first-degree murder and murder of a police officer, asking him if understood the charges and that conviction would mean life without parole. Nationally, the number of police officers killed in gunfire is up 74 percent , according to the Officer Down Memorial Page. Rose was fatally shot in the head Tuesday evening by a bicyclist he stopped to question in the Woodbridge area across the Lodge Freeway from WSU's campus. (more...)
More footballers say they were sexually abused as scandal grows More footballers say they were sexually abused as scandal grows
- November 28, 2016

Mr Walters said more people needed to come forward , particularly "high-profile teammates who are out there". "I believe there was a conspiracy , there was a paedophile ring and there was people at those football clubs who had a duty to look after the welfare of young boys coming through their system". (more...)
British PM seeks to calm Brexit fears at business summit
- November 28, 2016

But the PM's spokeswoman later stressed: "We will not be seeking to extend the Article 50 process". According to The Guardian's analysis, the pound is stuck at $1.22 against the dollar, demonstrating an 18 percent drop since the referendum; inflation jumped to 1 percent, its highest level in almost two years; retail sales have plateaued due to the increase in clothing prices and the unusually warm autumn weather; and imports have risen faster than exports, increasing Britain's trade deficit. (more...)
Volkswagen announces job cuts Volkswagen announces job cuts
- November 28, 2016

It confessed to have rigged almost 11 million diesel vehicles, which resulted in settlement costs and compensations to motorists of over $19 billion, substantially damaging the auto maker's financial position. The press conference will take place at Volkswagen's headquarters in Wolfsburg on Friday at 0930 CET (0830 GMT). The head of Volkswagen's brand, Herbert Diess said that the company let their costs rise, which caused them to lose ground in their productivity. (more...)
Dakota Access pipeline protesters told to leave by Dec. 5 Dakota Access pipeline protesters told to leave by Dec. 5
- November 28, 2016

He received a letter from the US Army Corps of Engineers on Friday which declared that all federal lands north of the Cannonball river would be closed to public access from December 5 for "safety concerns". The letter cited the oncoming winter and increasingly angry clashes between police and protesters, who insist that the proposed pipeline could harm drinking water and Native American cultural sites. (more...)
Business leaders ask community to 'Be a Local Champion' for small business Business leaders ask community to 'Be a Local Champion' for small business
- November 28, 2016

Sunrise Soap Company in York thrives on this day. It's all part of Shop Small, which celebrates small businesses every day. We want people to buy gifts and share it with people. The celebration of small businesses is important because it helps these little places to feel supported and to grow. "We've done that with grants", he said. (more...)
Small business Saturday boosts local businesses Small business Saturday boosts local businesses
- November 28, 2016

You are giving back to your community. It not only provides jobs but really just turns into supporting that local economy where we thrive. "I enjoy shopping local", said Cathi Ford, who took part in shopping local. "Instead of mourning the past, get into celebrating the here and now". "Business was good, lots of people", Donnelly said. And, additionally, without small businesses, would our lives be any different? Meagan Feeser, the chief marketing and development officer for Downtown ... (more...)
Lufthansa cancels 876 flights due to pilots' strike
- November 28, 2016

While walkouts on Wednesday and Thursday affect both long and short-haul flights, Friday's strike will only ground planes destined for short-haul routes out of Germany, the union said in a statement . Lufthansa spokesman Martin Leutke said the airline has made "plenty of offers" to the pilots, all of which have been turned down. Lufthansa was seeking to prevent the strike going ahead late on Tuesday after a Frankfurt labor court earlier rejected its application for an injunction. (more...)
Retail wars continue on Cyber Monday
- November 28, 2016

Many retailers, including Walmart, began their Black Friday deals online right after midnight on Thanksgiving morning. While physical traffic declined, the National Retail Federation says over the entire weekend, 154 million consumers shopped either in stores or online, up from 151 million a year ago. (more...)
Black Friday online sales expected to hit a record $3 Billion Black Friday online sales expected to hit a record $3 Billion
- November 28, 2016

Shoppers hunted for deals and hit the stores for entertainment Friday as US malls opened for one of the busiest days of the year, even as the start of the holiday season edges ever earlier. Between midnight and 5 p.m. ET on Thursday, US consumers spent $1.15 billion shopping online, Adobe estimates. "60 percent, 70 percent", said one shopper . (more...)
Farage for U.S. ambassador? We are not amused, says Britain
- November 28, 2016

Trump was much more suited for the role. The role that Trump is championing for Farage to take over is now held by Sir Kim Darroch . "I would like to play a positive role in relations between our two countries", he said. It's a breach of protocol at best (and unprecedented at worst) for an American president or president-elect to publicly call for a foreign nation to appoint a new ambassador . (more...)

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