Markets


Former Insys Execs Charged With Bribery, Racketeering
- December 09, 2016

The Company develops and commercializes supportive care products. The indictment filed in federal court in Boston said beyond the bribes, Babich and another defendant also created a scheme to mislead insurers, which were reluctant to pay for Subsys for patients without cancer. (more...)
Pak Wants to Ease Tension as Nawaz Sends 'Dua' to PM Modi
- December 09, 2016

Amritsar : The Heart of Asia annual conference in Amritsar entered the second day on Sunday amid heightened tension between India and Pakistan in the wake of the terror attack on Nagrota Army base. "We must demonstrate strong collective will to defeat terror networks that cause bloodshed and spread fear". "We also plan to connect Afghanistan with India through an air transport corridor", he announced. (more...)
Baker Hughes rig count climbs fast in US, Canada Baker Hughes rig count climbs fast in US, Canada
- December 09, 2016

The Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as US crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016. OPEC has struggled to find the balance between economic calamity for its oil-dependent members and lifting prices to a level that would see USA shale players come back online in droves, undoing whatever supply glut easing efforts on behalf of OPEC, but its efforts may be all for naught. (more...)
Oil retreats on doubts OPEC cuts can ease glut
- December 09, 2016

On the eve of the meeting with non-OPEC nations, the market is shifting into a wait-and-see mode as OPEC and USA production levels will be monitored closely in the coming months, Anthony Headrick, energy market analyst at CHS Hedging LLC, told Trend Dec.9. (more...)
Veterans' group considers pipeline law enforcement the 'enemy' Veterans' group considers pipeline law enforcement the 'enemy'
- December 09, 2016

The current proposed route, however, would take it through four states, stretching 1,172 miles to connect areas with oil in North Dakota to southern IL. Magazine. "I wanted to go and help my fellow law enforcement". It seeks an immediate injunction preventing the Morton County Sheriff's Department and other law enforcement from using impact munitions-like rubber bullets and lead-filled "bean bags"-water cannons and hoses, explosive teargas grenades, and other chemical agents against ... (more...)
Italy's Renzi asked to stay on as caretaker PM
- December 09, 2016

Formal resignation at 7 p.m. Thanks to everyone and long live Italy", Renzi said on Twitter. Some officials say Parliament could pass that law as soon as the end of the week. After a year, Monti's so-called technocrat government collapsed. Rome was one of the stops on Mrs May's whirlwind tour of European Union capitals in the days after she took office in July, when she was given a red-carpet welcome by Mr Renzi for talks over lunch. (more...)
OPEC sees robust oil demand growth even if prices rise
- December 09, 2016

Crude rose above $US55 a barrel to hit a 16-month high as rising prospects of a tightening market after last week's OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. BMI Research said the pace of structural output declines as well as technical challenges surrounding Russian production suggests the 600,000 bpd target will be hard to achieve in full. (more...)
Trump picks billionaire Wilbur Ross for Commerce secretary Trump picks billionaire Wilbur Ross for Commerce secretary
- December 09, 2016

The official announcement is expected to come Wednesday. On trade, he stands by Trump's general framework of taking a tough stance, and cutting business taxes and reducing regulation. "There'll be especially tariffs for punitive purposes for people who dump", he said. He previously was the Chief Information Officer at Goldman Sachs. (more...)
Milwaukee beat Portland in National Basketball Association Milwaukee beat Portland in National Basketball Association
- December 09, 2016

Tony Allen finished with a double-double of 15 points, 10 rebounds and Douglas finished with 11. It seems the slow routine has crept back into Antetokounmpo's game, and the National Basketball Association finally whistled him for it. Terms were not disclosed. Curry scored 14 points during a 27-1 run that made it 29-5. Kevin Durant added 21 points and 11 rebounds for Golden State. (more...)
Trump slams union leader over Carrier deal Trump slams union leader over Carrier deal
- December 09, 2016

Brett Voorhies, president of the Indiana State AFL-CIO, called Jones after Trump's tweet caught his eye. President-elect Donald Trump may be crowing about stopping Carrier from sending jobs overseas, but Chuck Jones-the president of the United Steelworkers Local 1999-isn't mincing words: Trump "lied his ass off". (more...)
Dalrymple says order created 'misunderstanding'
- December 09, 2016

On Friday, the US Army Corps of Engineers warned that activists who refuse to leave could face arrest. Two-thousand veterans have signed up and the Oceti Sakowin protesters' campsite can not hold more veterans than that, but about 1,000 more have said they plan to come, Parker said. (more...)
Europe's central bank keeps economy on life support for another year
- December 09, 2016

South Korea's KOSPI fell 0.3 percent to 2,024.69, closing as the vote was underway. "It is clear that the European Central Bank would have a hard time carrying on with its monthly 80 billion euros worth of bond purchases, given that the pool of eligible assets has been drying up at a unsafe speed", said Ipek Ozkardeskaya, senior market analyst at London Capital Group. (more...)
Trump picks Scott Pruitt to head EPA Trump picks Scott Pruitt to head EPA
- December 09, 2016

Pruitt's selection may cause alarm in some circles - his bio on his website touts him as a "leading advocate against the EPA's activist agenda". "As New York's top law enforcement officer, I am proud to be leading a coalition of states that is already aggressively fighting back against efforts to reverse the progress this country has made in combating climate change over the past eight years.Under the next administration, we will continue to defend the Clean Power Plan , fight to ensure ... (more...)
Donald Trump Supports Construction of Dakota Access Pipeline Donald Trump Supports Construction of Dakota Access Pipeline
- December 09, 2016

President-elect Donald Trump wouldn't say Monday whether he will try to overturn the permit decision that has delayed the pipeline. But Archambault doesn't think there will be any developments for months . Army Corps of Engineers on Sunday refused to grant a requested easement under Lake Oahe, suggesting further environmental review is needed. "A more robust analysis of alternatives can be done and should be done. (more...)
Stock markets fall sharply after RBI keeps repo rate unchanged
- December 09, 2016

Mumbai: The Reserve Bank on Wednesday cut the economy's expansion forecast for current fiscal to 7.1 percent, from 7.6 percent earlier, saying that short-term disruption in economic activity and demand compression arising out of demonetisation have led to downside risks to growth. (more...)
Celtic charged by UEFA over crowd disturbances
- December 09, 2016

That proved to be Celtic's gain as the 19-year-old scored a brilliant individual goal in the fourth minute that was cancelled out by Kelechi Iheanacho. "We are disappointed not to have won at least one of the games against City". We can not forget that guys. We also have to be realistic as well, it's always going to be a real challenge for us [to qualify] and we have to be different because we don't have the resources of all these other teams. (more...)
Phone and bank stocks push indexes higher; Dow at record Phone and bank stocks push indexes higher; Dow at record
- December 09, 2016

The Nasdaq Composite closed at 5393.76 for a gain of 60.76 points or 1.14%. Significant strength was also visible among transportation stocks, as reflected by the 2.5 percent gain posted by the Dow Jones Transportation Average. Investors also looked ahead to a key ECB meeting, in which the central bank is largely expected to extend its quantitative easing program beyond March 2017, particularly after a Sunday referendum in Italy left the country's banks in a vulnerable spot. (more...)
Oil extends gains on hopes for non-OPEC output cuts
- December 09, 2016

Growing doubts over OPEC's ability to enforce cuts would make it even more hard to persuade non-OPEC producers to curb output, especially if OPEC members already exempt from the production deal such as Nigeria start ramping up exports. "The market is clearly in an upward trend". OPEC's agreement probably won't have much effect on the KRG, he said. Among the 14 non-OPEC countries invited to attend Saturday's meeting, only Azerbaijan, Kazakhstan, Oman, Mexico and Russian Federation have ... (more...)
Goldman Sachs C.E.O. Changes His Tune on Donald Trump Goldman Sachs C.E.O. Changes His Tune on Donald Trump
- December 09, 2016

Goldman shares are up by about 30% since Trump's victory on November 8. Mr. Cohn, 56, is a former Goldman commodities trader from OH who joined the firm in 1990. Two other former Goldman Sachs execs have already joined the Trump administration. Cohn would join at least two other former Goldman executives in the Trump administration, including Treasury Secretary-designate Steven Mnuchin and White House adviser Steve Bannon. (more...)
Los Angeles plans to sue 4 retailers alleging deceptive ads
- December 09, 2016

Macy's, Kohl's, JC Penney , and Sears are the retailers accused of falsely advertising high regular prices on merchandise that was never actually for sale at that price, leading customers to believe they were getting a deal when they weren't, the LA Times reports . (more...)

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