Markets


Iran's First Vice President Es'haq Jahangiri Iran's First Vice President Es'haq Jahangiri
- December 05, 2016

Senate Majority Leader Mitch McConnell (R-KY) said Thursday that preserving the sanctions law is critical to blunt Iran's "persistent efforts to expand its sphere of influence" throughout the Middle East. IAEA Director General Yukiya Amano said in April that Iran had even gone beyond its obligations under the JCPOA. President Rouhani says, "We are determined to implement BARJAM in a proper way, but will act resolutely in the face of it not being honored, implemented hesitantly or violated ... (more...)
The new £10 note will contain animal fat too The new £10 note will contain animal fat too
- December 05, 2016

Potts wasn't able to say whether polymers used in the other countries also contain animal fats . A petition to remove the product from the UK's new five-pound note has gathered over 75,000 signatures in a matter of hours. Innovia, the company that manufacturers the banknotes said it obtains its animal fat through a supplier, but declined to name the supplier. Australia has used plastic banknotes since 1988, and all of them contain animal fat. (more...)
Syrian army tells rebels in eastern Aleppo: leave or die Syrian army tells rebels in eastern Aleppo: leave or die
- December 05, 2016

It said the airstrikes hit the town's main marketplace. Syrian troops and their Russian allies have captured nearly 60 percent of eastern Aleppo, which since 2012 has been controlled by opponents of the government, as the U.N. In government-held Aleppo, rebel shelling killed five people, according to the state news agency SANA. In the Hanano district, which was captured by government forces on November 26, hundreds of people were seen returning to their homes, as minivans passed through ... (more...)
Universities exploring 'sanctuary' status for immigrants Universities exploring 'sanctuary' status for immigrants
- December 05, 2016

And you would be hard pressed to find a constituency on either side of the political aisle who wants that tradition to stop. Joining a growing list of cities planning to resist aspects of President-elect Donald Trump's immigration platform, Pittsburgh is considering formally declaring itself a "sanctuary city", one that will work to shelter those residents in the country illegally instead of working to deport them . (more...)
OBR revises down growth forecast as surplus target abandoned OBR revises down growth forecast as surplus target abandoned
- December 05, 2016

The second was that net public sector debt must be falling by the end of this parliament. Britain is expected to run a budget deficit of almost 22 billion pounds in the 2019/20 financial year which until recently had been the target date for a first budget surplus, Hammond said, citing forecasts from the budget office."The prime minister and I remain firmly committed to seeing the public finances return to balance as soon as practicable. (more...)
Iran President Demands Obama Not Sign Extension Of US Sanctions
- December 05, 2016

If not extended, the ISA expires by the end of 2016. The "cruel" legislation, known as Iran Sanctions Act (ISA), is in contradiction with the letter and spirit of the Joint Comprehensive Plan of Action (JCPOA), the MPs added. State Department spokesman John Kirby said on Friday. Rouhani promised a "prompt response" from Iran if the US sanctions are extended. Iran's President Hassan Rouhani presented his budget Sunday, with OPEC's decision to cut production helping to boost its expected ... (more...)
Thanksgiving Day parade brings joy to many despite heightened security
- December 05, 2016

De Blasio estimated 250,000 people came out on Wednesday to watch the giant balloons being inflated. Snoopy's Doghouse float replaced the traditional Snoopy balloon that had been one of the longest-running balloons in the parade. The Macy's Thanksgiving Day parade has been a staple in the city's Thanksgiving tradition for nine decades and each year seems to be more awesome than the last. (more...)
Sarah Palin turns on Trump: Calls Carrier deal 'crony capitalism'
- December 05, 2016

He says companies should be "forewarned prior to making a very expensive mistake". "How would it not be a new 35% tax on families?" he asked. Other businesses looking for similar deals might threaten to ship their jobs overseas too. Rexnord is planning to close its Indianapolis bearings plant by June, dislocating about 300 union workers who make an average of $25 an hour. Behind of all the issues that Donald Trump is now facing, it seemed that on his administration there were only few ... (more...)
Bracing for Brexit, UK ramps up borrowing and cuts growth forecasts
- December 05, 2016

From 2018, there will be an annual Spring Statement in March, responding to forecasts from the Office of Budget Responsibility (OBR) but not making major changes unless there is a "major fiscal event", while the annual Budget will then take place in the autumn. (more...)
Tallow tensions: Vegans want 'fat-free' United Kingdom 5-pound bank note Tallow tensions: Vegans want 'fat-free' United Kingdom 5-pound bank note
- December 05, 2016

This is unacceptable to millions of vegans , vegetarians, Hindus, Sikhs, Jains and others in the United Kingdom. A spokesman said they were treating concerns about the new notes with "utmost seriousness" after the traces of tallow 'had only just come to light'. (more...)
European Central Bank ready to buy bonds if Italian vote goes against Renzi
- December 05, 2016

Grillo has recently toned down his anti-EU views, clarifying in a blog about the UK's Brexit vote that he and the party supported "reform from within" the union. Some analysts believe Italy will have serious economic problems if reforms are not carried out. The measure has already been approved by parliament, but must be confirmed - or rejected - by a popular vote because it amends some parts of the Constitution. (more...)
Trump targets another company moving to Mexico: Rexnord
- December 05, 2016

Days after praising a deal providing tax breaks to a company for keeping jobs in the United States, President-elect Donald Trump is renewing his threat to slap tariffs on the products of companies that move jobs overseas in the future. That could make companies that work in defense, public works and public services especially vulnerable to retribution. In the short term, this is wonderful news for the Carrier workers and their families who depend on those jobs for their livelihoods. (more...)
Creator of the 'Big Mac' dies at 98
- December 05, 2016

McDonald's says it sells about 550 million Big Macs around the world a year. The creator who ran his restaurant in Pittsburgh , Pennsylvania was said to have eaten at least one Big Mac every week for decades. The Big Mac is such a cultural phenomenon it has its own museum in Irwin, PA, close to where this historic burger was invented. 'The bulb was already there. (more...)
Heart of Asia: Fight against terrorism in spotlight
- December 05, 2016

Embarrassed, the Indian official backed off and apologised the Pakistani High Commissioner to India - who was in Amritsar for the Heart of Asia conference. Snubbing Pakistan, he said the United States dollars 500 million pledged by it for reconstruction of Afghanistan could be used by Islamabad to check extremism. (more...)
Little effect expected in OPEC cuts Little effect expected in OPEC cuts
- December 05, 2016

January crude contracts rose $1.62 to US$51.06 a barrel, the highest it's been since mid-October. The cut is expected to lift oil prices to between $55 and $60 a barrel. Touching on OPEC's deal to cut output, Ross said that "we have some question marks on whether or not we will see these cuts" at the end of the day. (more...)
Bank of England notes £5 fury and aims to go vegan
- December 05, 2016

More than 108,000 people had signed a petition on change.org as of late Wednesday demanding that the bank "cease to use animal products in the production of currency that we have to use". BoE in talks with currency supplier Innovia to make it meat-free. "It is the Bank of England - can't they come up with something a little bit more modern?" The petition's author wrote that the practice is offensive to many vegans , Hindus, Sikhs and Jains. (more...)
Brexit hobbles United Kingdom growth outlook
- December 05, 2016

Hammond also announced he is abolishing the Autumn Statement - insisting no other major economy makes hundreds of tax-and-spend changes every year. "Our task now is to prepare our economy to be resilient as we exit the European Union and match-fit for the transition that will follow", Hammond told parliament to cheers from fellow Conservative MPs. (more...)
Malaysia slams Myanmar over Rohingya 'genocide'
- December 05, 2016

In a strongly worded statement Saturday, Malaysia's Foreign Ministry said there were some 56,000 Rohingya refugees in Malaysia. He also called on Indonesia and its President Joko Widodo to stand with Malaysia against Myanmar on the issue. (more...)
European Banks Under Pressure as Italian Referendum Looms
- December 05, 2016

Italy is getting ready to vote in a constitutional referendum on Sunday as analysts fear that Italy's long suffering banks could be the main casualty if the outcome triggers a government crisis. If the referendum fails and Renzi steps down, the political uncertainty that could will put at risk efforts to recapitalize Italian banks. "And I believe that with a "yes" vote it will be easier to make those reforms". (more...)
Hillary Clinton's Popular-Vote Lead Keeps Growing Hillary Clinton's Popular-Vote Lead Keeps Growing
- December 04, 2016

She needs to tell her followers to stop the protesting and rioting. Electors are pledged to candidates but allowed to change their votes, though they nearly never do. Despite that, our country elects its leader using a convoluted and unfair process that values the votes of some over the votes of others. At the same time, Clinton has won the popular vote by more than 2.5 million votes so far, and recounts are underway across three USA states. (more...)

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