Markets
Italy's referendum - what's at stake for the EU?
- December 04, 2016
A confident Renzi pledged to resign when polls suggested his side was winning but recent data suggests the polls are neck and neck. Pollsters say lower participation could favour Renzi, as hostility to his reform is strongest among young voters and those in the poor south, segments of the population that often don't bother to vote. (more...)
- December 04, 2016
A confident Renzi pledged to resign when polls suggested his side was winning but recent data suggests the polls are neck and neck. Pollsters say lower participation could favour Renzi, as hostility to his reform is strongest among young voters and those in the poor south, segments of the population that often don't bother to vote. (more...)
Samsung may split in two, report
- December 04, 2016
That makes it hard for investors to get a definite notion of what each person Samsung business is truly worth. The company has also pledged to boost its 2016 dividend by 30 per cent compared to a year ago, bringing the annual dividend to four trillion won; a 36 per cent rise in 2016 dividends per share, to 28,500 per won. (more...)
- December 04, 2016
That makes it hard for investors to get a definite notion of what each person Samsung business is truly worth. The company has also pledged to boost its 2016 dividend by 30 per cent compared to a year ago, bringing the annual dividend to four trillion won; a 36 per cent rise in 2016 dividends per share, to 28,500 per won. (more...)
OPEC countries make deal
- December 04, 2016
Oil prices have reached $50 per barrel on after OPEC made a decision to cut production at its meeting in Vienna held yesterday. Saying that Iran is now capable of producing about 3.9 million barrels of oil per day, he added that the country needs to increase its oil production capacity. (more...)
- December 04, 2016
Oil prices have reached $50 per barrel on after OPEC made a decision to cut production at its meeting in Vienna held yesterday. Saying that Iran is now capable of producing about 3.9 million barrels of oil per day, he added that the country needs to increase its oil production capacity. (more...)
Oil prices extend rally on OPEC deal
- December 04, 2016
The price of U.S. crude has also risen, trading 1.1% higher at $49.99 a barrel after jumping 9% on Wednesday. Oil companies were among the biggest winners on the UK's FTSE 100 Index, with BP Plc rising as much as 4.2% and Royal Dutch Shell Plc adding as much as 3.2%. (more...)
- December 04, 2016
The price of U.S. crude has also risen, trading 1.1% higher at $49.99 a barrel after jumping 9% on Wednesday. Oil companies were among the biggest winners on the UK's FTSE 100 Index, with BP Plc rising as much as 4.2% and Royal Dutch Shell Plc adding as much as 3.2%. (more...)
Trump to leave business ties, focus on presidency
- December 04, 2016
And the fact that Trump is only planning to avoid conflicts of interest because he thinks its "visually important"-and not because it's "ethically responsible" or "his duty as president" or "basically unconstitutional considering the emoluments clause "-doesn't inspire confidence in the casual observer". (more...)
- December 04, 2016
And the fact that Trump is only planning to avoid conflicts of interest because he thinks its "visually important"-and not because it's "ethically responsible" or "his duty as president" or "basically unconstitutional considering the emoluments clause "-doesn't inspire confidence in the casual observer". (more...)
Vegans' fury over new British £5 note
- December 04, 2016
A petition was started yesterday and has already reached nearly 5,000 signatures. Another said: "Don't understand why the Bank of England chose to use meat products in the new £5 note. The issue came to light after the Bank of England confirmed tallow's presence in the notes on Twitter . The new £5 notes are printed on polymer - a thin flexible plastic film that is more durable and secure than the current paper notes. (more...)
- December 04, 2016
A petition was started yesterday and has already reached nearly 5,000 signatures. Another said: "Don't understand why the Bank of England chose to use meat products in the new £5 note. The issue came to light after the Bank of England confirmed tallow's presence in the notes on Twitter . The new £5 notes are printed on polymer - a thin flexible plastic film that is more durable and secure than the current paper notes. (more...)
Pump prices on the rise, blame OPEC
- December 04, 2016
Oil prices have fallen by more than half since mid-2014 due to global oversupply and booming USA shale production. "As long as Saudi Arabia remains firmly committed to the deal, which is slated to last for six months (or longer with a six-month extension option) we believe that the arrangement will hold". (more...)
- December 04, 2016
Oil prices have fallen by more than half since mid-2014 due to global oversupply and booming USA shale production. "As long as Saudi Arabia remains firmly committed to the deal, which is slated to last for six months (or longer with a six-month extension option) we believe that the arrangement will hold". (more...)
Argentina win the Davis Cup for the first time
- December 04, 2016
Another clutch late break leveled the match at two sets apiece, as Del Potro grabbed the fourth 6-4 and he would overcome a quick break to open the decider, reeling off six of the last eight games to complete the improbable comeback. "This was an emotionally exhausting match and one of the biggest wins of my career", del Potro said. Match point now for Delbonis, and when Karlovic returns long it's all over. (more...)
- December 04, 2016
Another clutch late break leveled the match at two sets apiece, as Del Potro grabbed the fourth 6-4 and he would overcome a quick break to open the decider, reeling off six of the last eight games to complete the improbable comeback. "This was an emotionally exhausting match and one of the biggest wins of my career", del Potro said. Match point now for Delbonis, and when Karlovic returns long it's all over. (more...)
Oil-Price Rebound Gives Banks New Reason to Cheer
- December 04, 2016
A research note from Goldman Sachs said that while the guidelines are substantial, a true catalyst for a major rebound in crude oil prices would have to come from verified compliance and more clarity from member states like Iran. USA crude rose 26 cents to $51.32 per barrel and was on track for its biggest weekly gain since August 2015. It tend to be higher than those for Brent, but which registered only 368,000 and 214,800 lots for March and April, respectively. (more...)
- December 04, 2016
A research note from Goldman Sachs said that while the guidelines are substantial, a true catalyst for a major rebound in crude oil prices would have to come from verified compliance and more clarity from member states like Iran. USA crude rose 26 cents to $51.32 per barrel and was on track for its biggest weekly gain since August 2015. It tend to be higher than those for Brent, but which registered only 368,000 and 214,800 lots for March and April, respectively. (more...)
North Dakota governor, tribal chairman to meet
- December 04, 2016
He feels a sense of duty and will be "acting as a barrier" between the protesters and police. "We don't even like the word 'protest.' We're there to help the water protectors". Zent said the governor would be open to discussing the bridge during the meeting. He says he came up with the design after his first trip to Standing Rock in September. (more...)
- December 04, 2016
He feels a sense of duty and will be "acting as a barrier" between the protesters and police. "We don't even like the word 'protest.' We're there to help the water protectors". Zent said the governor would be open to discussing the bridge during the meeting. He says he came up with the design after his first trip to Standing Rock in September. (more...)
South Korean opposition seeking to impeach president Park Geun-hye next Friday
- December 04, 2016
That means that if President Park says by next Wednesday that she will resign by April 30th, the impeachment motion, which is slated for a vote next Friday, could fail. Opposition lawmakers criticized the overture, saying it was a stalling ploy aimed at luring back members of her party who supported impeachment. Observers say the Saenuri rebels are likely to fall in line with the proposal and vote against the motion on Friday. (more...)
- December 04, 2016
That means that if President Park says by next Wednesday that she will resign by April 30th, the impeachment motion, which is slated for a vote next Friday, could fail. Opposition lawmakers criticized the overture, saying it was a stalling ploy aimed at luring back members of her party who supported impeachment. Observers say the Saenuri rebels are likely to fall in line with the proposal and vote against the motion on Friday. (more...)
Black Friday deals lift US auto sales in November
- December 04, 2016
The Ford brand was down 3.9% on a daily-sales basis for the month while Lincoln continued to buck a flat premium segment with a 9.6% daily-sales increase in November. And this unexpected trend may continue for a while: Mustafa Mohatarem, GM chief economist, said "the usa auto industry is well positioned for sales to continue at or near record levels into 2017". (more...)
- December 04, 2016
The Ford brand was down 3.9% on a daily-sales basis for the month while Lincoln continued to buck a flat premium segment with a 9.6% daily-sales increase in November. And this unexpected trend may continue for a while: Mustafa Mohatarem, GM chief economist, said "the usa auto industry is well positioned for sales to continue at or near record levels into 2017". (more...)
Anti-Trump electors raising money off effort
- December 04, 2016
Guerra and Chiafalo said they have both spoken with Jaxon Ravens, chairman of the state Democratic party, who did not indicate he would try to replace them with other electors. Micheal Baca, the Colorado Democratic elector who filed the paperwork, said the money would be used for public relations as well as a legal defense fund. (more...)
- December 04, 2016
Guerra and Chiafalo said they have both spoken with Jaxon Ravens, chairman of the state Democratic party, who did not indicate he would try to replace them with other electors. Micheal Baca, the Colorado Democratic elector who filed the paperwork, said the money would be used for public relations as well as a legal defense fund. (more...)
For some in middle class, Trump plan would mean tax increase
- December 04, 2016
Time shall prevail whether the new policies are in the interest of Americans or not. Preparing my year-end column on financial planning has been complicated this time around because of major tax changes that are expected to occur next year under the Trump administration. (more...)
- December 04, 2016
Time shall prevail whether the new policies are in the interest of Americans or not. Preparing my year-end column on financial planning has been complicated this time around because of major tax changes that are expected to occur next year under the Trump administration. (more...)
Fire in California Warehouse Rave leaves 9 dead, 25 missing
- December 04, 2016
There are wires and beams and wood. "This is pretty tragic for us", Deloach-Reed said. [Image by Elijah Nouvelage/Getty Images] Sgt. Kelly has said that arson is not suspected at this time , but that as the investigation is still ongoing nothing can be "ruled out". (more...)
- December 04, 2016
There are wires and beams and wood. "This is pretty tragic for us", Deloach-Reed said. [Image by Elijah Nouvelage/Getty Images] Sgt. Kelly has said that arson is not suspected at this time , but that as the investigation is still ongoing nothing can be "ruled out". (more...)
President Xi sends condolences after Colombia plane crash
- December 04, 2016
A charter plane carrying a Brazilian football team crashed after declaring an electrical failure, killing almost all aboard. "The worldwide lament has also been extended to the entire Verdolaga family, who from their sponsors, their board of directors, their technical staff, their players, their administrators and their fanbase, have manifested the sadness and dismay for the absurd [tragedy]". (more...)
- December 04, 2016
A charter plane carrying a Brazilian football team crashed after declaring an electrical failure, killing almost all aboard. "The worldwide lament has also been extended to the entire Verdolaga family, who from their sponsors, their board of directors, their technical staff, their players, their administrators and their fanbase, have manifested the sadness and dismay for the absurd [tragedy]". (more...)
Unemployment rate drops to 4.6%, lowest level since 2007
- December 04, 2016
Although wages fell slightly in November, many economists view the steady wage gains of the earlier months as a sign that a tightening labor market is allowing workers to demand higher pay, increasing pressure on the Fed to head off inflation by hiking interest rates. (more...)
- December 04, 2016
Although wages fell slightly in November, many economists view the steady wage gains of the earlier months as a sign that a tightening labor market is allowing workers to demand higher pay, increasing pressure on the Fed to head off inflation by hiking interest rates. (more...)
DfT reveals Southern passengers to be paid a month's compensation
- December 04, 2016
The union is planning drivers' strikes in December and January in a dispute over driver-only operated trains. "Our aim is always to get passengers to where they want to go on time, but if we don't, it is right that they are compensated". Train union Aslef said GTR is seeking 'to prevent the voice of their put-upon employees being heard'. "The company that has lost the confidence of the travelling public, taxpayers and staff - and which should have lost its franchise by now - seeks to do ... (more...)
- December 04, 2016
The union is planning drivers' strikes in December and January in a dispute over driver-only operated trains. "Our aim is always to get passengers to where they want to go on time, but if we don't, it is right that they are compensated". Train union Aslef said GTR is seeking 'to prevent the voice of their put-upon employees being heard'. "The company that has lost the confidence of the travelling public, taxpayers and staff - and which should have lost its franchise by now - seeks to do ... (more...)
Jill Stein files federal lawsuit to try to force MI recount
- December 04, 2016
Stein's campaign seized on the narrowing vote-total report from Decision Desk by issuing a news release claiming Trump's lawyers objected to a statewide recount because they are "scared". Johnson asked the State Board of Canvassers to use optical scanners to do the recount . "They are trying to run out the clock", he said, saying that same delaying tactic was used in OH in 2004 when the Green and Libertarian parties filed for a presidential recount in the state where George W. (more...)
- December 04, 2016
Stein's campaign seized on the narrowing vote-total report from Decision Desk by issuing a news release claiming Trump's lawyers objected to a statewide recount because they are "scared". Johnson asked the State Board of Canvassers to use optical scanners to do the recount . "They are trying to run out the clock", he said, saying that same delaying tactic was used in OH in 2004 when the Green and Libertarian parties filed for a presidential recount in the state where George W. (more...)
Economy as Unemployment drops to 4.6 percent
- December 04, 2016
He drew headlines Thursday for brokering a deal with Carrier to keep some jobs in the USA that the in manufacturer had planned to outsource to Mexico. And over the even longer term, manufacturing has followed a stair-step pattern since 2000, dropping sharply and then leveling off, but never meaningfully increasing. (more...)
- December 04, 2016
He drew headlines Thursday for brokering a deal with Carrier to keep some jobs in the USA that the in manufacturer had planned to outsource to Mexico. And over the even longer term, manufacturing has followed a stair-step pattern since 2000, dropping sharply and then leveling off, but never meaningfully increasing. (more...)
Latest news
China trade vow after Trump talks helps settle financial markets