Markets


Mexico disappointed at Carrier agreement to keep jobs in US
- December 01, 2016

The action was being taken "strictly for business reasons", the company spokesman said. But some economists say USA manufacturing workers shouldn't get too excited about what the development means when it comes to Trump's ability to disrupt long-term manufacturing trends, given that most job losses in the industry are because of automation-not offshoring. (more...)
Oil Prices Hold Gains After Surge on OPEC Output Deal Oil Prices Hold Gains After Surge on OPEC Output Deal
- December 01, 2016

However, Adrian Lowcock, investment director at Architas, was less confident the deal, even if reached, would be implemented by the members. This caused the price of oil to dive to the low $40s. "That has the market in a very good mood". A U.S. Commerce Department report at 8:30 a.m. ET is likely to show that consumer spending was flat at 0.5 percent last month, while core personal consumption expenditure rose 0.1 percent. (more...)
RBI puts Rs 10k withdrawal limit on Jan Dhan account RBI puts Rs 10k withdrawal limit on Jan Dhan account
- December 01, 2016

The Reserve Bank of India (RBI ), owing to this massive influx of deposits, announced on Wednesday that a withdrawal limit of Rs 10,000 will be imposed on all the Jan Dhan accounts. In the wake of allegation that Jan Dhan accounts are being used to deposit black money, the RBI said it will limit withdrawals for such accounts holders to Rs 10,000 per month, if the account is compliant with know-your-customer requirements. (more...)
Brexit minister says United Kingdom may pay the European Union for single market access Brexit minister says United Kingdom may pay the European Union for single market access
- December 01, 2016

Mr Davis told MPs the "major criterion" was getting the best access for goods and services to the European market. "If that's what he's talking about then of course we'll consider it". The Bank said in a report that it was in the interest of both Britain and Europe's financial stability for the Brexit process to be "orderly". 'Devastating impact " United Kingdom farmers said there could be a "devastating impact" across the sector if access to skilled and flexible labour from the ... (more...)
Whiting Petroleum Corp. (NYSE:WLL) Whiting Petroleum Corp. (NYSE:WLL)
- December 01, 2016

When it comes to the Analysis of a Stock, Price Target plays a vital role. The firm earned "Buy" rating on Wednesday, July 13 by Ladenburg Thalmann. Citigroup has "Buy" rating and $26 price target. This showed the surprise of 17.5% in the last quarter earnings. Analysts predict that Whiting Petroleum Corp . will post ($2.19) EPS for the current year. (more...)
Oil down on strong dollar, high crude supplies
- December 01, 2016

Brent crude fell 1.5 percent to $48.24 a barrel amid speculation that OPEC may fail to reach a deal next week. The oil stocks are rolling, on the back of the optimism that any deal would be made and these companies would be realizing higher oil prices. (more...)
India has the world's largest solar plant India has the world's largest solar plant
- December 01, 2016

The almost four-square-mile facility in southern India has a capacity of 648MW, according to Al Jazeera , topping the also massive Topaz Solar Farm , located in California, by about 100MW. "A plant of this magnitude reinstates the country's ambitions of becoming one of the leading green energy producers in the world", said Gautam Adani, Chairman of the Adani Group , according to Indian news agency Press Trust of India. (more...)
700 new jobs for Dublin 700 new jobs for Dublin
- December 01, 2016

This morning's announcement will see Voxpro's total number of jobs in Ireland grow to over 2,000 over the next 12-18 months. It is the second such centre to be established in the U.S. In 2014 it announced it was building a large new office in the city, with capacity for up to 1,200 employees. The new roles will be in sales and support, customers operations and engineering. (more...)
Thousands of workers are flooding city streets to protest the minimum wage Thousands of workers are flooding city streets to protest the minimum wage
- December 01, 2016

In Florida, the rally was also due to include non-union home health care workers as well as members of the Service Employees International Union. In New Jersey, airport workers marched between two terminals at Newark Liberty International Airport. (more...)
Trump's Cabinet: 'Draining the swamp' or diving right in?
- December 01, 2016

President-elect Donald Trump officially confirmed that he has selected Steven Mnuchin to be the next Treasury Secretary and Wilbur Ross to serve as Commerce Secretary, media reports said. Mnuchin , a former Goldman Sachs banker, was Trump's campaign finance chairman . It's a key post, and if he's confirmed, he'll be putting his John Hancock on every new USA dollar that comes off the presses. (more...)
Britain's telecoms giants to be probed by Ofcom over landline pricing Britain's telecoms giants to be probed by Ofcom over landline pricing
- December 01, 2016

The rise in rental prices particularly affects those who rely on landlines, such the elderly, Ofcom said . "So we're reviewing this market to ensure these customers are protected and getting value for money". A consultation process runs until February 28 next year. The regulator expects to publish a consultation early next year. It said: "We already offer a number of products which represent significant savings on standard line rental". (more...)
Guns fall silent, but tensions high between India, Pakistan Guns fall silent, but tensions high between India, Pakistan
- December 01, 2016

India's External Affairs Minister Sushma Swaraj, who was expected to host the conference, is suffering from kidney failure and is on dialysis at All India Institute of Medical Science. The draft of the counter-terrorism strategy, to be discussed at the meet, "provides practical and effective binding responsibilities, actions and solutions to address the menace of terrorism", said a statement on the HoA website . (more...)
Brent crude oil prices surge to nearly $52 per barrel
- December 01, 2016

Following the announcements, the price for Brent crude futures LCOc1, the global benchmark for oil prices, jumped more than 12 percent from below $50 on Wednesday to $52.31 per barrel at 0441 GMT. Oil stocks climbed after OPEC nations, which collectively produce more than one-third of the world's oil, agreed to trim production for the first time in eight years. (more...)
Trump picks treasury, commerce secretaries
- December 01, 2016

Messrs. Mnuchin and Ross gave relatively positive reviews of Federal Reserve Chairwoman Janet Yellen, whose term will expire in early 2018, but declined to say if she should be reappointed. "Believe it or not, Mexico has better treaties with the rest of the world than the United States does. We're going to fix that", he said. "It's not really something that's meaningful", he said. (more...)
Flood alerts issued as Storm Angus hits North East
- December 01, 2016

While in Carmarthenshire, Wales, Dyfed Powys Police said a man was helped from a van which had become trapped in flood water before it was "washed away". Large parts of southern Britain felt the full force of Storm Angus over the weekend, and with amber "be prepared" warnings across the region, those in the area should brace for further flooding. (more...)
Cadillac Debuts Wicked New Prototype Race Car, Will Return to Endurance Racing Cadillac Debuts Wicked New Prototype Race Car, Will Return to Endurance Racing
- December 01, 2016

Two teams are charged with piloting Caddy's new race cars. The said global racing circuit is the complicated sort of its type in endurance racing, and basically, there are two groups that compete: prototypes and sports cars. "Every detail of the final design was selected to support the car's on-track performance and unmistakable Cadillac presence". The engine produces approximately 600 horsepower when tuned for racing as defined by IMSA-mandated air restrictors, with a maximum allowable RPM of ... (more...)
Overnight winter parking ban begins Thursday Overnight winter parking ban begins Thursday
- December 01, 2016

You are not allowed to park between midnight and 6 a.m.in residential areas, and between 2 a.m. and 6 p.m. downtown. Violators can face a $150 towing fee, $60 ticket and $20 storage fee charge per day of storage. "This is one of the reasons this parking ban is so important to everyone", the city's website states. The Oswego Police will issue courtesy citations the first few nights, but then cars are parked in the street overnight will be ticketed or towed. (more...)
Thousands protest across India against currency policy Thousands protest across India against currency policy
- December 01, 2016

The main opposition Congress Party dubbed the street protests the "Day of Rage". Left Front leaders take out a protest march against the government's decision to withdraw high denomination notes from circulation, in Kolkata, Nov. More than 90 pc of consumer purchases in India are transacted in cash, Credit Suisse estimates. FILE - An Indian model displays gold jewelry during a Jewelry and Gem Fair in Hyderabad, India, . (more...)
Half HIV infections worldwide remain undetected
- December 01, 2016

With more than 1 000 people becoming infected with HIV every day in South Africa we are in dire need of better HIV prevention options despite recent advances. "Millions of people with HIV are still missing out on life-saving treatment, which can also prevent HIV transmission to others", said World Health Organization director-general Margaret Chan in a news release . (more...)
Foreign Governments Warn Citizens About Indonesia Protest
- December 01, 2016

Inactive Jakarta Governor Basuki "Ahok" Tjahaja Purnama expects the blasphemy case, in which he has been named as the suspect, to be resolved quickly. South Jakarta police chief Iwan Setiawan said the 13 men in the apartment were questioned and released on Monday because there was no evidence they had broken any law at the weekend gathering. (more...)

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