Markets


Everything you need to know about Treasury Secretary nominee Steven Mnuchin
- December 05, 2016

Billionaire Betsy DeVos has been selected for education secretary, and commerce secretary nominee Wilbur Ross is worth $2.5 billion, the Post reports . Mnunchin previously worked as a banker for Goldman Sachs , a company Trump repeatedly attacked during his campaign. And Wednesday , he announced his picks of Ross and Mnuchin. (more...)
UK Hits Back After EU Rejects Early Brexit Talks On Expats
- December 05, 2016

Luxembourg's centre-right prime minister says Britain can not "have its cake and eat it" and has ruled out any transitional Brexit deal with the European Union if negotiations are not completed in two years. Earlier this month, a Tory MP pleaded with Mrs May to promise she would never ask him to vote for a Brexit deal that ended his Italian parents right to live in Britain. (more...)
Mukesh Kumar leads after Panasonic Open round two
- December 05, 2016

It was the biggest win of his 32-year professional career and gave him entry to the star-studded $2 million Hong Kong Open, co-sanctioned by the European Tour, which begins on Thursday - but he can't travel. "It gives me a lot of confidence heading into the season finale in Hong Kong next week", Randhawa added. I missed a short putt for birdie on 16 which was disappointing but overall, it was good. (more...)
Email Drives A Fifth Of Cyber Monday Sales
- December 05, 2016

Shoppers spent an average of $214.13 on gifts specifically, or 74% of total purchases. The article cited, "According to the National Retail Federation , over one-third of shoppers said their 100% of their purchases were "on sale". Early reads indicate that Wal-Mart Stores Inc., Target Corp. and Kohl's Corp. were among the retailers to score big with consumers during the holiday shopping kickoff weekend and into Cyber Monday. (more...)
Myanmar: Kofi Annan begins fact-finding visit to troubled Rakhine
- December 05, 2016

Former premier Tun Dr Mahathir Mohamad says Malaysia should cut ties with Myanmar to protest the ethnic cleansing of Rohingya Muslims taking place in its Rakhine state. But rights groups and Rohingya who have fled to Bangladesh have accused the military of killing civilians, rape and razing entire villages as a form of collective punishment. (more...)
Identity crisis? Samsung's thinking of splitting in two Identity crisis? Samsung's thinking of splitting in two
- December 05, 2016

The move comes after USA activist hedge fund Elliott Management in October called for the firm to split itself into a holding vehicle for ownership purposes and an operating company, in order to boost shareholder returns. The heirs of the Lee family now face an inheritance tax to the tune of several billions of dollars in case Lee Kun hee, the patriarch of the Group who is now 74 years old, passes away. (more...)
Today, The Fiat Chrysler Automobiles NV (FCAU) Coverage Initiated at Macquarie Today, The Fiat Chrysler Automobiles NV (FCAU) Coverage Initiated at Macquarie
- December 05, 2016

During the same quarter in the previous year, the company posted $0.20 EPS. Berenberg Bank began new coverage on Fiat Chrysler Automobiles N.V. giving the company a "hold" rating. (NYSE: FCAU ) [ Trend Analysis ] try to make new thrust in street and making different trends, stocks trading ended with 1.04% to $7.74. When we look at the Analyst Recommendations of the stock, the company has 1.86 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. (more...)
Stein to Seek Presidential Recount in Michigan
- December 05, 2016

He says the Wisconsin Republican Party's complaint to the Federal Elections Commission "is nothing but a PR stunt to push a false narrative that will ultimately have no impact on the recount in Wisconsin". Stein's critics, including the Wisconsin Republican Party, contend that she is a little-known candidate who is merely trying to raise her profile while raising millions of dollars. (more...)
Trump conversation with Taiwan president 'just a courtesy call'
- December 05, 2016

Mr Trump lambasted China throughout the U.S. election campaign, pledging to label the country a currency manipulator on his first day in office. "(Tsai Ing-wen) reached out to the President-elect and he took the call from the democratically elected leader of Taiwan", Mr Pence told ABC News. (more...)
Shenzhen - Hong Kong trading scheme kicks off
- December 05, 2016

Ceremonies were held simultaneously at Hong Kong and Shenzhen stock markets via video link. Stock Connect could be the catalyst to eventually make the city - which has more than 10m people and the world's eighth largest stock exchange - better able to compete with Shanghai as a mainland finance hub, says Jason Tan, a partner at search firm Carlson Harriet. (more...)
Boost for establisment as Austria rejects far right presidential candidate
- December 05, 2016

While the margin may change when final results are in, Austrian officials said the results gave Van der Bellen an unbeatable lead. The election was widely viewed as a test of the anti-migrant and particularly anti-Muslim forces that have ridden a populist path to power in Hungary and Poland and have gained strength in France and even Germany, widely seen as the only major Western country so far resisting the trend away from liberal democracy. (more...)
What OPEC's Production Cuts Really Mean
- December 05, 2016

OPEC produces a third of global oil, or around 33.6 million bpd, and the deal aims to reduce output by 1.2 million bpd from January 2017, similar to January 2016 levels. The minister expressed his worries about a surge of Shale oil production. The production deal will last six months with a committee composed of three OPEC country members monitoring and reviewing the decision at their next meeting in May to determine if the cuts will extend for another six months. (more...)
No. 16 West Virginia edges Baylor to reach 10 wins No. 16 West Virginia edges Baylor to reach 10 wins
- December 05, 2016

Skyler looked very shaky to start the game and, although he didn't throw an interception in the game , errant passes kept the Mountaineer faithful holding their breath. A close loss at Georgia Tech early last January almost sent UVa's and the ACC's best defensive player, Malcolm Brogdon, into a hissy fit over the team's poor defensive performance. (more...)
Officials ID 7 warehouse fire victims Officials ID 7 warehouse fire victims
- December 05, 2016

Kelly earlier said that only about 20 percent of the building had been searched. Fire officials in Oakland fought back tears as they revealed details of the search at a news conference. An evening of dance music took a awful turn in the late hours of December 2 when a fire roared through an Oakland warehouse, killing nine people and leaving many searching for loved ones as 25 people remain missing . (more...)
Here's Why the OPEC Oil Rally Is Likely to Be Short-Lived
- December 05, 2016

The Organization of Petroleum Exporting Countries confounded skeptics on Wednesday by reaching an agreement to cut production by 1.2 million barrels a day. USA shale oil production was expected to collapse with lower prices. Brent prices settled Thursday at the highest since late August of a year ago, according to data from Dow Jones. (more...)
Trump's dilemma: slower job growth or rising rates and inflation?
- December 05, 2016

The number of people working in Washington County was up in October, but so was the unemployment rate , as more people were seeking work, according to preliminary figures released last week by the Maryland Department of Labor, Licensing and Regulation. (more...)
Burberry Group plc 6.7% Potential Upside Indicated by Exane BNP Paribas Burberry Group plc 6.7% Potential Upside Indicated by Exane BNP Paribas
- December 05, 2016

Clinigen Group has 114,599,000 shares which are now outstanding with shareholders and have a price of 741.5 bringing Clinigen Group's market capitalisation to 849.75M GBP. The company's market capitalization is GBX 6.16 billion. The company also recently announced a dividend, which will be paid on Friday, December 16th. (more...)
Cubans hold mass rally for late leader Fidel Castro
- December 05, 2016

The newly reopened USA embassy in Havana is one of the few diplomatic missions whose flag is not at half-staff as a mark of respect for Castro's death. The White House spokesman, Josh Earnest, said the U.S. officials attending memorial ceremonies on Tuesday evening would not constitute a formal presidential delegation, as is normal for the funeral of a head of state. (more...)
Army Corps Denies Easement For Dakota Access Pipeline Army Corps Denies Easement For Dakota Access Pipeline
- December 05, 2016

The announcement comes as thousands of Native and non-Native military veterans gathered at Standing Rock, ready to form a "human shield" around the water protectors, who have faced an increasingly violent police crackdown against the resistance movement. (more...)
Donald Trump Calls for Unity Across America This Thanksgiving Donald Trump Calls for Unity Across America This Thanksgiving
- December 05, 2016

The Carrier plant became a campaign issue after a video surfaced showing an executive telling workers about the plans to close the facility and move production to Monterrey over the next three years. Earlier in the week, Trump appointed two women to his cabinet, both of whom had been highly critical of his campaign and election platform. An official on the Presidential Inaugural Committee said $1m donation limits have been set for corporations, with no ceiling for individuals. (more...)

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