Markets
Ukrainian government to nationalise country's biggest bank
- December 19, 2016
The bank was subject to local media reports it gave loans to insiders that might never be repaid. Speculation around these and a probable nationalisation saw the bank's bonds fall by almost 50% last month. The bank said the nationalization was a outcome of "media attacks" by political insiders who opposed Kolomoyskiy. Mogherini called the nationalization a "bold" decision. (more...)
- December 19, 2016
The bank was subject to local media reports it gave loans to insiders that might never be repaid. Speculation around these and a probable nationalisation saw the bank's bonds fall by almost 50% last month. The bank said the nationalization was a outcome of "media attacks" by political insiders who opposed Kolomoyskiy. Mogherini called the nationalization a "bold" decision. (more...)
Mubadala will hold Abu Dhabi's $2.2 billion stake at BP
- December 19, 2016
Abu Dhabi investor Mubadala Development Co.is likely to hold the BP shares, two people with knowledge of the matter said, asking not to be named before a formal announcement. Other foreign companies with stakes in the concession are France's Total SA, Japan's INPEX Corp. and GS Energy of South Korea. The fields produce 1.6 million barrels per day (bpd) and are expected to reach 1.8 million bpd from 2017. (more...)
- December 19, 2016
Abu Dhabi investor Mubadala Development Co.is likely to hold the BP shares, two people with knowledge of the matter said, asking not to be named before a formal announcement. Other foreign companies with stakes in the concession are France's Total SA, Japan's INPEX Corp. and GS Energy of South Korea. The fields produce 1.6 million barrels per day (bpd) and are expected to reach 1.8 million bpd from 2017. (more...)
Ukraine's No. 1 Bank to Be Nationalized as Tycoons' Rescue Fails
- December 19, 2016
PrivatBank's bonds have fallen by nearly 50 percent since the reports surfaced in November. It is thought that the value of loans Kolomoysky granted himself and other insiders makes up 80% of the bank's loan portfolio. The bank's director of IT wrote on his personal Facebook page that "the decision to voluntarily and peacefully hand over the bank to the government was taken at the very moment that we understood that these media attacks - which we could survive - could endanger our clients". (more...)
- December 19, 2016
PrivatBank's bonds have fallen by nearly 50 percent since the reports surfaced in November. It is thought that the value of loans Kolomoysky granted himself and other insiders makes up 80% of the bank's loan portfolio. The bank's director of IT wrote on his personal Facebook page that "the decision to voluntarily and peacefully hand over the bank to the government was taken at the very moment that we understood that these media attacks - which we could survive - could endanger our clients". (more...)
CBI books two RBI employees for illegal exchange of currency
- December 19, 2016
A CBI official said a senior special assistant and a special assistant of the RBI's cash department were held after they were found exchanging scrapped banknotes with Rs 100 and new Rs 2,000 bills. Earlier on December 13, CBI had arrested an RBI official while he was allegedly trying to convert Rs 1.51 crore of old currency notes. "It has been alleged that both the accused and other unknown officials of the RBI, Bengaluru , entered into a criminal conspiracy with other unidentified people", ... (more...)
- December 19, 2016
A CBI official said a senior special assistant and a special assistant of the RBI's cash department were held after they were found exchanging scrapped banknotes with Rs 100 and new Rs 2,000 bills. Earlier on December 13, CBI had arrested an RBI official while he was allegedly trying to convert Rs 1.51 crore of old currency notes. "It has been alleged that both the accused and other unknown officials of the RBI, Bengaluru , entered into a criminal conspiracy with other unidentified people", ... (more...)
Vikings activate RB Adrian Peterson
- December 19, 2016
Norv Turner was the offensive coordinator when Peterson went down and has since resigned, leading to Shurmur taking the lead of the offense. He's averaged 254 yards per game, completing 75 percent of his passes. In that time, the Vikings have fallen to 16th in rushing yards per game, and none of their players with at least 15 carries now averages more than 3.3 yards per attempt. (more...)
- December 19, 2016
Norv Turner was the offensive coordinator when Peterson went down and has since resigned, leading to Shurmur taking the lead of the offense. He's averaged 254 yards per game, completing 75 percent of his passes. In that time, the Vikings have fallen to 16th in rushing yards per game, and none of their players with at least 15 carries now averages more than 3.3 yards per attempt. (more...)
Beijing orders 1200 factories to close or cut output amid smog
- December 19, 2016
China has issued a smog "red alert", shuttering schools, as well as factories and other businesses in dozens of cities. The air quality index (AQI) readings at some sites in Tianjin, a northern port city neighboring Beijing , exceeded 300 on Saturday morning, indicating serious air pollution. (more...)
- December 19, 2016
China has issued a smog "red alert", shuttering schools, as well as factories and other businesses in dozens of cities. The air quality index (AQI) readings at some sites in Tianjin, a northern port city neighboring Beijing , exceeded 300 on Saturday morning, indicating serious air pollution. (more...)
Indian bowlers check England surge in 5th Test
- December 19, 2016
That, and the arrival of a new batsman, prompted Alastair Cook to bring his field up for his legspinner. # The last opening century stand for India in Tests was recorded by Shikhar Dhawan and Murali Vijay - 283 versus Bangladesh at Fatullah in June 2015. (more...)
- December 19, 2016
That, and the arrival of a new batsman, prompted Alastair Cook to bring his field up for his legspinner. # The last opening century stand for India in Tests was recorded by Shikhar Dhawan and Murali Vijay - 283 versus Bangladesh at Fatullah in June 2015. (more...)
Flint Water Interagency Coordinating Committee says amount of lead is dropping
- December 19, 2016
U.S. District Judge David Lawson has twice ordered the state to start the bottled water deliveries to all households that the state can't demonstrate has a properly installed and maintained water filter to remove lead contamination. MI has been at the center of a public health crisis since past year, when tests found high levels of lead in blood samples taken from children in Flint, a predominantly black city of 100,000. (more...)
- December 19, 2016
U.S. District Judge David Lawson has twice ordered the state to start the bottled water deliveries to all households that the state can't demonstrate has a properly installed and maintained water filter to remove lead contamination. MI has been at the center of a public health crisis since past year, when tests found high levels of lead in blood samples taken from children in Flint, a predominantly black city of 100,000. (more...)
Shorten offers PM help on republic push
- December 19, 2016
Turnbull is the first prime minister from the conservative coalition to back Australia becoming a republic. Mr Turnbull said those advocating for a republic had to acknowledge the issue wasn't keeping Australians awake at night. Malcolm Turnbull, a staunch republican who led the cause before a failed referendum in 1999, said his support for an Australian head of state stemmed from patriotism. (more...)
- December 19, 2016
Turnbull is the first prime minister from the conservative coalition to back Australia becoming a republic. Mr Turnbull said those advocating for a republic had to acknowledge the issue wasn't keeping Australians awake at night. Malcolm Turnbull, a staunch republican who led the cause before a failed referendum in 1999, said his support for an Australian head of state stemmed from patriotism. (more...)
Fed Hikes Interest Rates, More to Come in 2017
- December 19, 2016
At the beginning of this year, the Fed's plans for what it described as a "normalization" of interest rates fell off track due to poor U.S. growth and hiring at the end of 2015, and combined with fears of economic turbulence in China. On the flip side, higher interest rates mean that the United States currency will strengthen, making exports from Singapore to the U.S. cheaper and therefore more attractive. (more...)
- December 19, 2016
At the beginning of this year, the Fed's plans for what it described as a "normalization" of interest rates fell off track due to poor U.S. growth and hiring at the end of 2015, and combined with fears of economic turbulence in China. On the flip side, higher interest rates mean that the United States currency will strengthen, making exports from Singapore to the U.S. cheaper and therefore more attractive. (more...)
Cavs big man 'Birdman' Andersen tears ACL, out for season
- December 19, 2016
Cleveland's been on the receiving end of some criticism in recent days for head coach Tyronn Lue's decision to rest LeBron James, Kyrie Irving and Kevin Love for their game against Memphis Wednesday night. The 45-point margin of victory was the Warriors' biggest of the season, surpassing their 149-106 drubbing of the Lakers on November 23. This was his 13th triple-double of the season. (more...)
- December 19, 2016
Cleveland's been on the receiving end of some criticism in recent days for head coach Tyronn Lue's decision to rest LeBron James, Kyrie Irving and Kevin Love for their game against Memphis Wednesday night. The 45-point margin of victory was the Warriors' biggest of the season, surpassing their 149-106 drubbing of the Lakers on November 23. This was his 13th triple-double of the season. (more...)
Mourners say goodbye to history-making astronaut John Glenn
- December 19, 2016
During the ceremony Glenn shared what started his passion for aviation and his hopes for future generations. Glenn was a fighter pilot, astronaut, successful businessman and Senator, the first American to orbit the planet, and at age 77 the oldest to travel to space. (more...)
- December 19, 2016
During the ceremony Glenn shared what started his passion for aviation and his hopes for future generations. Glenn was a fighter pilot, astronaut, successful businessman and Senator, the first American to orbit the planet, and at age 77 the oldest to travel to space. (more...)
Maryland state police responded to 377 crashes caused by ice Saturday
- December 19, 2016
Baltimore fire officials have yet to release the names of those killed in the crash, which also reportedly involved other tractor-trailers, according to the newspaper. Authorities in OH say a Columbus woman was killed on Saturday after her auto skidded off an icy road. Traffic was at a stand still for hours while crews assessed the situation. (more...)
- December 19, 2016
Baltimore fire officials have yet to release the names of those killed in the crash, which also reportedly involved other tractor-trailers, according to the newspaper. Authorities in OH say a Columbus woman was killed on Saturday after her auto skidded off an icy road. Traffic was at a stand still for hours while crews assessed the situation. (more...)
3-Year-Old Boy Killed in Arkansas Road Rage Shooting
- December 19, 2016
The grandmother, who had stopped legally at the sign, honked back, according to an initial report released by Little Rock police . The man allegedly fired three shots into the woman's auto with at least one of the bullets hitting the toddler, according to police . (more...)
- December 19, 2016
The grandmother, who had stopped legally at the sign, honked back, according to an initial report released by Little Rock police . The man allegedly fired three shots into the woman's auto with at least one of the bullets hitting the toddler, according to police . (more...)
China's top diplomat to visit Britain amid Brexit uncertainty
- December 19, 2016
Dr Fox insisted Brexit was not like a "boiled egg" and there were more options than going for either a hard or soft withdrawal from the EU. Fox, a prominent Leave campaigner, called for the United Kingdom to leave the customs union back in July but told Andrew Marr that some form of continuation might be considered for the transitional period, between the UK's exit in 2019 and the start of a new trade deal with Europe. (more...)
- December 19, 2016
Dr Fox insisted Brexit was not like a "boiled egg" and there were more options than going for either a hard or soft withdrawal from the EU. Fox, a prominent Leave campaigner, called for the United Kingdom to leave the customs union back in July but told Andrew Marr that some form of continuation might be considered for the transitional period, between the UK's exit in 2019 and the start of a new trade deal with Europe. (more...)
Ukraine nationalizes its largest bank, PrivatBank
- December 19, 2016
According to local media reports, the bank had lent money to some of select insiders who never repaid the loans. Kiev's decision falls in line with worldwide monetary Fund's demands for Ukraine to stabilise its financial sector in order to achieve sustainable growth. (more...)
- December 19, 2016
According to local media reports, the bank had lent money to some of select insiders who never repaid the loans. Kiev's decision falls in line with worldwide monetary Fund's demands for Ukraine to stabilise its financial sector in order to achieve sustainable growth. (more...)
Donald Trump: Let China keep seized drone
- December 19, 2016
The Pentagon statement came hours after China warned that the highly charged episode would not be resolved easily. It said the drone, which Chinese and United States analysts say was most likely used to gather intelligence about Chinese submarine activity in contested waters, would be returned in a "proper way". (more...)
- December 19, 2016
The Pentagon statement came hours after China warned that the highly charged episode would not be resolved easily. It said the drone, which Chinese and United States analysts say was most likely used to gather intelligence about Chinese submarine activity in contested waters, would be returned in a "proper way". (more...)
Snake disguises itself as tinsel on Australia Christmas tree
- December 19, 2016
Mr Goldsmith told ABC News it's the first time in his career, which spans more than 30 years, he's found a snake tangled in the branches of a Christmas tree. Mr Goldsmith arrived at her house and had the snake "in a bag 20 minutes later". Local snake catcher Barry Goldsmith wrote on Facebook that Cheryl had not panicked when she contacted him. (more...)
- December 19, 2016
Mr Goldsmith told ABC News it's the first time in his career, which spans more than 30 years, he's found a snake tangled in the branches of a Christmas tree. Mr Goldsmith arrived at her house and had the snake "in a bag 20 minutes later". Local snake catcher Barry Goldsmith wrote on Facebook that Cheryl had not panicked when she contacted him. (more...)
United Launch Alliance Successfully Launches EchoStar XIX Satellite
- December 19, 2016
The highest capacity satellite delivering high speed internet to homes and businesses in North America is scheduled for an early afternoon blastoff on a mighty ULA Atlas V on Sunday, Dec. The launch will bring to an end the calendar year for United Launch Alliance , which has launched 12 rockets this year. The primary concerns are for think clouds and cumlulus clouds. (more...)
- December 19, 2016
The highest capacity satellite delivering high speed internet to homes and businesses in North America is scheduled for an early afternoon blastoff on a mighty ULA Atlas V on Sunday, Dec. The launch will bring to an end the calendar year for United Launch Alliance , which has launched 12 rockets this year. The primary concerns are for think clouds and cumlulus clouds. (more...)
Japan, Russia agree on economic ties; stalemate on territory
- December 19, 2016
They spent about 40 minutes developing an agreement on joint activities on the Kuril Islands "that would be suitable to both parties", Yury Ushakov, the Kremlin aide, told reporters . The informal event underscored how Japan made a decision to break the worldwide isolation around Putin since Russian Federation annexed Crimea over two years ago. (more...)
- December 19, 2016
They spent about 40 minutes developing an agreement on joint activities on the Kuril Islands "that would be suitable to both parties", Yury Ushakov, the Kremlin aide, told reporters . The informal event underscored how Japan made a decision to break the worldwide isolation around Putin since Russian Federation annexed Crimea over two years ago. (more...)
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