Markets


Italian banks hold almost a third of euro zone's bad loans Italian banks hold almost a third of euro zone's bad loans
- December 06, 2016

He added: "We will do everything that has to be done to ensure Italy is ready to face its challenges". Renzi has been campaigning hard for his reform, appearing repeatedly in talk shows, online interviews and radio programmes as he tries to turn around what polls indicated was a lead for the "No" camp when a blackout period began on November 18. (more...)
Trump Visits Carrier; Announces Deal To Keep 1000 Jobs
- December 06, 2016

Central Command. "That's behind us. We're way beyond that". Trump, however, has criticized the use of such incentives. On Thursday, a candid Mr Trump admitted he never realised he made the pledge until he saw a worker on the television news mentioning the promise after the election. (more...)
Peyton Manning downplays Steelers advice to brother Eli
- December 06, 2016

But as far as any predictions go for the Giants' chances this Sunday and the rest of the season, Peyton was a little bit more tight-lipped on his feelings. The answer, as you all know, was no, and the Colts never found the end zone again on Thursday night despite a couple other red zone trips. Shepard, out of Oklahoma, has primarily lined up in the slot for the Giants this season. (more...)
Pence after Carrier deal: Trump is 'a champion for the American economy' Pence after Carrier deal: Trump is 'a champion for the American economy'
- December 06, 2016

Trump's comments follow his direct intervention in an in factory owned by Carrier , which makes heating and air conditioning units, where production was scheduled to shift to Mexico. And we're giving this company $7 million in tax money for them to do this. President-elect Trump struck a deal last week with Carrier to keep 800 of the original 1,400 jobs that were slated to move to Mexico. (more...)
New £5 note could go meat
- December 06, 2016

LONDON (AP) — The Bank of England's new plastic 5-pound note is stronger, cleaner and safer — but apparently not suitable for vegetarians. It said: "We are now in active discussions with our suppliers for them to develop alternative additives using vegetable based ingredients". (more...)
Autumn Statement 2016: OBR downgrades United Kingdom growth forecasts
- December 06, 2016

But the Office for Budget Responsibility slashed growth forecasts for next year and predicted higher than previously expected borrowing, forcing Mr Hammond to confirm he was abandoning predecessor George Osborne's plan to achieve a budget surplus. (more...)
Thanksgiving 2016 Weather: Tropical Storm Otto Could Become Hurricane, Threaten Central America Thanksgiving 2016 Weather: Tropical Storm Otto Could Become Hurricane, Threaten Central America
- December 06, 2016

The depression's maximum sustained winds early Monday are near 35 miles per hour (56 kph) with additional strengthening forecast. At that time, it was about 175 miles east-southeast of San Andres Island and about 305 miles east of Bluefields, Nicaragua . (more...)
United Kingdom govts Brexit plan faces Supreme Court test
- December 06, 2016

Last month, a panel of senior High Court Judges held that the Government could not give the requisite notice for the United Kingdom to withdraw from the European Union (Article 50 notification) without the authority of Parliament. May wants to unilaterally trigger Article 50 to avoid a potentially time-consuming process of pushing legislation through Parliament. The government's top lawyer, Attorney General Jeremy Wright told the court the case had been brought "perfectly properly" and ... (more...)
Consolidated Communications to buy FairPoint in $1.5 bln deal Consolidated Communications to buy FairPoint in $1.5 bln deal
- December 06, 2016

Fairpoint Communications, the largest telephone provider in Northern New England, is being sold. "This transaction combines two companies with extensive fiber networks and complementary strategies focusing on being the leading business and broadband solutions provider", said Bob Udell, president and chief executive officer of Consolidated Communications in a press release . (more...)
Carrier still may move 500 jobs to Mexico after Trump deal
- December 06, 2016

Trump had made the Carrier plant a key talking point on the campaign trail, but the two sides negotiated a deal involving $7 million in state tax breaks over a 10-year period in return for keeping at least some of the 2,100 jobs earmarked for Mexico in Indianapolis. (more...)
Man fatally stabs girlfriend in the neck in Queens Man fatally stabs girlfriend in the neck in Queens
- December 06, 2016

The victim, who police have only identified as a woman in her 30s, was stabbed shortly after midnight Sunday in the South Richmond Hill section of the borough. Officers arrested her boyfriend just a few blocks away near 126th Street and Liberty Avenue after they received a 911 call around 12:15 a.m., NYPD officials said. (more...)
Coloradans, others remain at Dakota Access Pipeline protest site
- December 06, 2016

Veterans march with activists near Backwater Bridge just outside the Oceti Sakowin camp adjacent to the Standing Rock Indian Reservation, near Cannon Ball, North Dakota, December 5, 2016 . On Tuesday, law enforcement said those who remain at the protest campsite despite an evacuation order do so at their own risk. The Standing Rock Sioux says the project threatens cultural sites and drinking water on its nearby reservation. (more...)
Employers Added 178000 Jobs in November
- December 06, 2016

The national unemployment rate declined from October's 4.9% to 4.6%, while the labor-force participation rate was little changed at 62.7%. The total size of the labor force - which includes both employed and unemployed people - also decreased. (more...)
Higher oil prices a risk to Indias growth trajectory: Pradhan
- December 06, 2016

The Prime Minister said India's economy is expected to grow five-fold by 2040. Stating that hydrocarbons will remain the most important source of energy for many years to come, the Prime Minister said India is poised to account for one fourth of the incremental global energy demand between 2013 and 2040. (more...)
Chancellor abolishes Autumn Statement…but introduces Spring Statement Chancellor abolishes Autumn Statement…but introduces Spring Statement
- December 06, 2016

The biggest shock, in fact, came at the fag end of Hammond's hour-long speech as the former foreign secretary announced his first Autumn Statement would also be his last, with the event set to be replaced by a Spring Statement from 2018. The budget black hole covers the period until early 2021, according to official forecasts. The chancellor added that debt will rise until 2018-19, after which it is expected to fall for the first time since 2002, and continue falling thereafter. (more...)
How Trump plans to punish firms that leave US
- December 06, 2016

Trade experts have been dismayed. "I'm skeptical", he says, predicting that courts would block such a move. In a December 2009 " 60 Minutes " interview, President Obama lashed out at the nation's "fat-cat bankers". Ryan did not dispute Sunday that full repeal and replacement of Obamacare could be another three years in the making. "Tariffs are one thing", Wolfers tweeted. (more...)
Oil prices soar after OPEC announces output agreement
- December 06, 2016

This has been the first oil output reduction since 2008, Saudi Arabia and Iran also agreed to cut output. Despite Thursday's price surge, oil prices were still only at levels last seen in September and October, when plans for a cut were first announced, and were at less than half their levels of mid-2014, when the glut started. (more...)
Could Dakota Access pipeline move after permit is denied?
- December 06, 2016

Miller says the Trump administration will review the situation "and make the appropriate determination". "People are staying behind to make sure they follow through, and they want to see (Energy Transfer Partners) take their equipment, pull out and go". (more...)
National scene: Indonesia asks Suu Kyi to delay visit: VP
- December 06, 2016

And last weekend, Indonesian authorities arrested two suspected militants who were allegedly planning to attack the Myanmar Embassy in Jakarta. "Are they blind? Don't just interpret things as you choose". "Undoubtedly it is a fact that Myanmar Muslims are actually the most persecuted group and that has been identified by the United Nations and indeed their plight has been nearly forgotten by the rest of the nation states and indeed the West", the activist told Press TV. (more...)
Plane carrying 81, including Brazilian soccer players, crashes in Colombia Plane carrying 81, including Brazilian soccer players, crashes in Colombia
- December 06, 2016

The aircraft passengers included members of the Chapecoense football team. Meanwhile, Brazil has declared three days of national mourning for victims of the crash. Moments before boarding their flight to Medellin , Chapecoense's players and staff posted photos and videos on social media in which their beaming smiles and thumbs-up gestures showed palpable excitement at the challenge awaiting them. (more...)

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