Markets


Donald Trump threatens heavy taxes on US companies that move abroad Donald Trump threatens heavy taxes on US companies that move abroad
- December 05, 2016

Trump, in a Sunday morning tweetstorm , doubled down on his campaign pledge to put a 35% tariff on imports of products created by companies that have moved out of the U.S. The Inquisitr has learned that Donald Trump sued the Indiana-based Carrier Corp in 2007. Vermont Sen. Bernie Sanders , in a Washington Post op-ed, said it "signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives ". (more...)
Clark responds to Kinder Morgan expansion approval
- December 05, 2016

Critics say approving the Trans Mountain pipeline isn't compatible with Trudeau's climate change commitments, with aboriginal organizations vowing to fight it in court and on the ground. Opponents of the Kinder Morgan Trans Mountain pipeline expansion are calling federal approval of the project a "betrayal" and a 'sneak attack'. "That's the job that we have ahead of us, and we take it very seriously". (more...)
Trump Nominates Wall Street Veteran Steven Mnuchin as US Treasury Secretary
- December 05, 2016

Goldman Sachs has produced other treasury secretaries, including former top Goldman officials Robert Rubin and Henry Paulson, who served under Presidents Bill Clinton and George W. Mnuchin spent 17 years at Goldman Sachs , where he was a partner and chief information officer, before leaving in 2002. The banker's involvement in OneWest Bank following the 2008 housing market crash could complicate his confirmation. (more...)
Man accused of holding 13 hostage during attempted robbery without bond
- December 05, 2016

Officials have swarmed a bank in Florida after a robbery suspect took hostages. Officials said a 911 call reported that shots were fired inside the bank and that someone may have been shot, but authorities warned at a news conference this morning that they can not confirm if someone was shot. (more...)
Italy's Renzi vows to resign after crushing referendum defeat
- December 05, 2016

He intends to hand his resignation to Italian president Sergio Mattarella tomorrow, when the country parliamentary cabinet convenes. "I take full responsibility for this defeat". Some opposition leaders started clamoring for early elections after Renzi's reform measure went down to defeat. "Have you decided how you are going to vote, prime minister?" a female voter cheekily asked outside a voting station in his home town of Pontassieve, near Florence. (more...)
Almost 1000 Lufthansa flights to be cancelled due to strike
- December 05, 2016

Lufthansa Group airlines Eurowings, Germanwings, Swiss International Air Lines, Austrian Airlines, Air Dolomiti and Brussels Airlines are unaffected by the strike. German airline Lufthansa says it's going to cancel nearly a third of all flights Wednesday because of a pilots strike. The airline said in a statement: "For incomprehensible reasons, the pilots' union Vereinigung Cockpit has announced an additional strike for Thursday before Wednesday's strike has even begun". (more...)
Death toll in California loft fire reaches 30
- December 05, 2016

She said the origin of the fire had yet to be determined and the cause was still unknown. "I tried my best and there was just stuff in the way some stuff had fallen and it was hectic". Danielle Bourdeaux volunteered at the so-called Oakland Ghost Ship art collective until 2015, and says she was friends with its director, Derick Ion , and his family. (more...)
Duterte: Trump understands PH's anti-drug war
- December 05, 2016

Trump extended his warm greetings to the Filipino people during their conversation . "Washington's utter failure to uphold its obligations to a longtime, pivotal ally during one of its most humiliating crises has no doubt contributed to Philippine President Rodrigo Duterte's low opinion of American security guarantees - and his recent move toward a China alliance", they wrote. (more...)
Death Toll From Fire At US Warehouse Concert Rises To 30 Death Toll From Fire At US Warehouse Concert Rises To 30
- December 05, 2016

The fire was the deadliest incident in Oakland since the 1989 Loma Prieta quake in northern California, which killed 63 people. Former residents said it was also a death trap with few exits, a rickety makeshift staircase, piles of driftwood and a labyrinth of electrical cords. (more...)
Issues Price Target With 2.66% Upside On American Eagle Outfitters Issues Price Target With 2.66% Upside On American Eagle Outfitters
- December 05, 2016

Firm weekly performance is 1.40% while year to date (YTD) performance is 57.21%. The reported earnings topped the analyst's consensus by $0 with the surprise factor of 0.00%. American Eagle Outfitters had a net margin of 6.62% and a return on equity of 21.77%. The company had revenue of $941 million for the quarter, compared to analyst estimates of $940.94 million. (more...)
Malaysia: Myanmar pursues ethnic cleansing of Rohingya
- December 05, 2016

Officials from the Football Association of Malaysia could not be reached for comment but a senior Malaysian sports official told AFP Thursday that the cancellation was a "political decision". Last month it summoned the Myanmar ambassador, while around 500 Malaysians and Rohingya marched to the embassy in the Malaysian capital carrying banners denouncing the "genocide". (more...)
Says investigations unearth misuse of Jan Dhan accounts Says investigations unearth misuse of Jan Dhan accounts
- December 05, 2016

Please enter your email. A massive number of deposits of Rs 49,000 have been made into Jan Dhan accounts. The total deposit in 25.85 crore such accounts was Rs 74,321.55 crore at the end of November 30, as per Finance Ministry data. Of these, 19.88 crore were active accounts and 5.9 crore accounts had zero balance. Put another way, the average deposit in the active accounts was Rs about 1,789 on November 9. (more...)
OPEC, non-OPEC countries to meet in Moscow on December 10
- December 05, 2016

On Wednesday OPEC agreed to curtail its oil supply, the first cut in almost eight years. During the cold months some of the oil used to make diesel fuel is diverted to making home heating oil, and the higher demand drives up the price. (more...)
Who benefits most from Canada's pipeline approvals? Who benefits most from Canada's pipeline approvals?
- December 05, 2016

Created to transport Alberta's landlocked bitumen to worldwide markets via Vancouver's harbour, the project will expand an existing pipeline to almost triple capacity on the artery to 890,000 barrels a day. "In anticipation of a federal decision, our government has been consistent in fighting for British Columbia with the five conditions for any new or expanded heavy-oil pipeline. (more...)
Italy's Lega Nord Party Leader Calls for Renzi Resignation if Referendum Fails
- December 05, 2016

Italians are voting in a referendum on constitutional reforms that is being closely watched overseas to see if Italy is the next country to reject the political status quo. "We didn't know what kind of a result we were expecting and the turn out was pretty impressive", PhD candidate at Swinburne University of Technology Chiara De Lazzari said. (more...)
The OPEC Oil Deal Sells Fake News for Real Money
- December 05, 2016

Following OPEC's deal to cut production, oil futures continued to advance on positive sentiment, but gains slowed significantly on the back of profit taking and concerns that quotas would be exceeded. Although Riyadh has taken the bulk of production cuts, it is still producing nearly three times as much oil as regional rival Tehran, and will therefore still be in possession of a far larger market share. (more...)
RetailMeNot: Longer Black Friday Deals, Earlier Sales This Year
- December 05, 2016

Kohl's brought back its KitchenAid Mixer deal for $165 plus a $45 gift card, Walmart threw in a $40 gift card with its $249 Xbox One S bundle, Dell offered insane discounts on Smart TVs , and even UGG Australia chopped 60 percent off the price of their coveted boots. (more...)
Hong Kong tycoon Li offers $5.4B for Australia energy firm Hong Kong tycoon Li offers $5.4B for Australia energy firm
- December 05, 2016

The company is expected to reveal on Monday that it has received an offer from Hong Kong's Cheung Kong Infrastructure. Total revenue was up 3% to $1.36 billion. Cheung Kong Infrastructure and another company linked to Mr Li, Power Asset Holdings, own CHEDHA Holdings which in turn holds Citipower and Powercor. (more...)
United Kingdom may pay for access to single market, says David Davis
- December 05, 2016

She asked: "Can the Secretary of State tell me when the Government is going to drop the pretence that Brexit can mean continued tariff-free access to the single market and an end to freedom of movement?" "This is unacceptable to most of the British public". (more...)
AUTUMN STATEMENT 2016 IN BRIEF: Phillip Hammond's speech at a glance
- December 05, 2016

But he and Prime Minister Theresa May have little room to raise public spending in a big way or cut taxes to help the world's fifth-largest economy as it prepares to leave the EU. Following speculation earlier this year, Hammond has confirmed today's Autumn Statement will be his first and last, and next year's Budget will be the last to take place in March. (more...)

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