Markets


Growth hopes axed as experts predict £60bn Brexit beating
- December 07, 2016

Chancellor Philip Hammond said United Kingdom growth forecasts for 2017 would fall to 1.4 percent, a reduction from 2.2 percent, as a result of the country's decision over the summer to leave the European Union. He also scrapped the usual format of Spring Budgets and Autumn Statements. Hammond set himself an easier target for the budget deficit, saying he was targeting a shortfall of less than 2 percent of GDP by 2020, excluding cyclical swings in the economy. (more...)
Euro slips from three week highs as European Central Bank meeting in focus
- December 07, 2016

But the vote, which pushes Renzi out of office, does represent a significant setback for Europe at a time when its leaders are scrambling to mount a credible response to Brexit , the election of Donald Trump in the United States and their stubborn economic woes at home. (more...)
Power producer Drax to buy Opus Energy in £340m deal Power producer Drax to buy Opus Energy in £340m deal
- December 07, 2016

British power supplier Drax announced Tuesday it intends to buy energy supplier Opus Energy for £340 million ($430.46 million), as well as four gas-fired power plant development projects, in a bid to improve earnings and diversify its portfolio, Kallanish Energy learns. (more...)
Financial service sector's tax bill hits record £71.4bn Financial service sector's tax bill hits record £71.4bn
- December 07, 2016

The figures are the last set of financial services tax data to be published before Brexit negotiations begin in March and highlight the potential impact of Brexit on different sub-sectors within financial services. In a joint statement afterwards, Mr Hammond and Mr Davis said: 'We want the best deal for trade in United Kingdom goods and services, including our world-leading financial services industry. (more...)
Marathon Oil Corporation (NYSE:MRO)
- December 07, 2016

M&T Bank Corp's holdings in Marathon Oil Corp. were worth $2,281,000 as of its most recent filing with the SEC. The stock traded with the volume of 4.81 Million shares yesterday. (NYSE:MPC) last posted its quarterly earnings results on Thursday, October 27th. The corporation has an earnings per share (EPS) ratio of -2.16. The number of times the company has met analysts' estimates is 0. (more...)
German court paves way for nuclear compensation
- December 07, 2016

The step was a sharp reversal for Chancellor Angela Merkel, as her government had previously chose to extend the lifespan of the country's nuclear power until 2036, overturning the previous administration's decision to phase-out the enterprises. (more...)
Alipay expands across Europe after deals with major banks and payment providers
- December 07, 2016

SIX is a payment service provider that will help Alipay expand onto e-commerce platforms and in-store across Europe. Now in its third year, 12.12 is a shopping festival that Alipay has used to encourage more purchases, similar to the 11.11 Singles Day shopping festival. (more...)
Oil Pipeline-Protest-Quotes story
- December 07, 2016

On Sunday, the American Army Corps of Engineers chose to deny an easement that would have allowed the pipeline to run beneath the lake. Trump spokesman Jason Miller said the new administration would review the Army's decision after it takes office in January. (more...)
Dollar edges up vs yen as traders eye European Central Bank meeting for cues
- December 07, 2016

The euro gained on Monday after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform, something that traders had expected. Oil fell, with USA crude down more than 1 percent at $51.26 per barrel as investors judged a 16 percent rally since the OPEC agreement last Wednesday to curb production was getting stale. (more...)
Norwegian Air expanding USA presence with more flights, bases Norwegian Air expanding USA presence with more flights, bases
- December 07, 2016

The DOT granted Norwegian Air International the right to fly internationally into and out of the United States on Friday. "More choices for American travelers and more capacity to bring foreign visitors and their dollars to US shores is the unimpeachably correct decision, period". (more...)
'Cancel order' on new Air Force One
- December 07, 2016

On CBS Evening News , Nancy Cordes was the only network reporter to corroborate Trump's claim about the cost, "The budget for the new Air Force One now sits at about $3 billion and could climb, as Mr. Hospital patient throws punches at security guards An attack on two workers at a Queensland hospital has sparked calls for a crackdown on security. (more...)
MCC set introduce red cards in cricket MCC set introduce red cards in cricket
- December 07, 2016

It has been recommended that umpires should be given the power to eject cricketers from a game for serious disciplinary breaches, such as threatening an umpire or acts of violence on the field of play. "I think that, with the amount of cameras and microphones on modern players, things have been toned down in global cricket", Ponting said. It (playing on two pitches) will be like lessening the importance of first class cricket. (more...)
Google set to reach 100% renewable energy target in 2017 Google set to reach 100% renewable energy target in 2017
- December 07, 2016

Google is already the world's biggest corporate buyer of renewable electricity with 44 percent of its power needs supplied by solar and wind farms, but the company is fixing to raise this number to 100 percent by the end of 2017. "Electricity costs are one of the largest components of our operating expenses at our data centers, and having a long-term stable cost of renewable power provides protection against price swings in energy", Hölzle added. (more...)
Federal Judge Orders Immediate Recount of Votes in MI
- December 07, 2016

It has been widely reported that Stein has put up more money for her recount efforts than she spent on her entire campaign. "We're just trying to get the logistics hammered out". A federal lawsuit was her next best option, she said. Oakland County Clerk Lisa Brown says she's confident there were no problems with the election. (more...)
Markets Right Now: Dow, Russell at new highs as stocks gain Markets Right Now: Dow, Russell at new highs as stocks gain
- December 07, 2016

AT&T gave the biggest boost to the S&P 500 , rising 1.3 percent after CEO Randall Stephenson told investors that the new streaming television service DirectTV Now has so far exceeded expectations. The Air Force has not contracted out the new Air Force One planes, however Boeing does have a $170 million viability contract with the Air Force to determine the capabilities of the next version of Air Force One. (more...)
Council of State meets for last time with Gov. McCrory in attendance
- December 07, 2016

His concession brings to a close a almost month-long saga during which seemed to grow more - not less - convoluted and heated by the day, and a four-year governorship that was marked by flashpoints on LGBT rights, race relations and gerrymandering. (more...)
EU Brexit negotiator says talks will be less than 2 years
- December 07, 2016

Asked about debate in Britain on how much market access the country will retain - coined as a "hard" or "soft" Brexit - Barnier said: "Frankly, I do not know what a hard or a soft Brexit are". He added, "Being a member of European Union comes with rights and benefits". "Being a member of the European Union comes with rights and benefits; third countries can never have the same rights and benefits since they are not subject to the same obligations", he added. (more...)
Justice J S Khehar To Be The Next Chief Justice Of India Justice J S Khehar To Be The Next Chief Justice Of India
- December 07, 2016

The clash between Modi government and the judiciary over the delay in appointment of judges will turn into a full-blown war with Justice Jagdish Singh Khehar at the post of Chief Justice of India. Lokur. File image of Justice Khehar. Justice Khehar also led the 5-judge Constitution bench that struck down the NJAC Act for appointment of judges. (more...)
Renzi starts final days as Italy premier with party huddle Renzi starts final days as Italy premier with party huddle
- December 07, 2016

In an apparent bid to ease investor fears, the presidency said in a statement that Mattarella had "asked the prime minister to postpone his resignation" until the 2017 budget has been passed, a move expected by the end of the week. Mattarella urged parties and politicians to ensure "a climate of serenity and mutual respect" and that "the high turnout in yesterday's referendum is a testament to a solid democracy (and) an impassioned country capable of active participation". (more...)
Brexit case sees starkly different views of UK constitution
- December 07, 2016

He added: "None of this means, of course, that Parliament will not be closely involved in the process of the UK's withdrawal from the European Union over the coming months and years". Mr Wright submitted that "in the context of this case the imposition of a legislative precondition by the courts which Parliament did not choose to impose itself, can not be supportive of parliamentary sovereignty but must be positively inconsistent with it". (more...)