Markets


After demonetisation, is Narendra Modi cooking up a Cabinet reshuffle storm? After demonetisation, is Narendra Modi cooking up a Cabinet reshuffle storm?
- December 26, 2016

The law came into being in 1988, but neither were the rules framed nor the law notified. We have retrieved it and turned it into an incisive law... I am confident that they will continue to endure hardships in the coming days as well. On cashless payment of wages, the Prime Minister said that "in a way" this would convert the informal sector into the formal sector, ending the exploitation faced by workers. (more...)
Pakistan objects to World Bank pausing processes under Indus Water Treaty Pakistan objects to World Bank pausing processes under Indus Water Treaty
- December 26, 2016

The dispute is over the construction of two hydro-electric power projects by India along the Indus river system. 'Both the states have been asked to get back as early as possible with their respective ground reports. The treaty has been violated twice already when India constructed two hydroelectric power plants named "Kishenganga" and "Ratle" on the Neelum and Chenab rivers. (more...)
USA alleges Barclays mortgage securities fraud
- December 26, 2016

Barclays alone of the biggest global banks refused to settle with the DoJ on fines for mortgage securities fraud. The filings do not contain any clues about the size of the settlement that the DoJ was hoping to reach with Barclays, although the bank is thought to have been prepared to pay up to $2bn (£1.6bn). (more...)
Oil rig count rises for 8th straight week
- December 25, 2016

The Oklahoma rig count grew by six to 84, and no state added as many rigs this week. The most active oil field in the country is the Permian Basin in west Texas and southeast New Mexico. The number offshore rigs even rose, by three, to 25, up one year over year. The state count is up 30 from the low of 54 in February, but is down three this year and off 61 percent from 214 in November 2014. (more...)
Vote on Israel could spur further action or trouble for UN Vote on Israel could spur further action or trouble for UN
- December 25, 2016

Speaking at his start of week cabinet meeting Sunday , Netanyahu said he shared the "feelings, anger and frustration vis-à-vis the unbalanced resolution that is very hostile to the State of Israel, and which the Security Council passed in an unworthy manner". (more...)
Pakistan releases 220 Indian fishermen as a 'goodwill gesture' Pakistan releases 220 Indian fishermen as a 'goodwill gesture'
- December 25, 2016

Civil society, along with the Pakistan FisherFolk Forum (PFF), demanded a mechanism to ensure immediate deportation of Pakistani and Indian fishermen after they enter foreign waters. "If Pakistani fishermen are not released, Mr Jatin has assured us that they would approach the Indian Supreme Court". Thereafter, the fishermen often end up languishing in jail even after serving their terms. (more...)
Raiders QB Carr helped off with lower leg injury Raiders QB Carr helped off with lower leg injury
- December 25, 2016

After being examined on the sidelines, he was later taken off in a cart. He only played meaningful snaps in one game in the past two seasons - last year's season opener against the Bengals when Carr left with a hand injury in the second quarter. (more...)
Investors Trading Alert: Marathon Oil Corporation's (MRO) Investors Trading Alert: Marathon Oil Corporation's (MRO)
- December 25, 2016

The stock traded with the volume of 6.11 Million shares yesterday. FMR LLC now owns 17,566,438 shares of the company's stock worth $263,671,000 after buying an additional 6,615,551 shares in the last quarter. While it's Return on Investment (ROI) value is -7.5%. Marathon Oil Corp. now has a consensus rating of "Buy" and an average target price of $17.95. Earnings per share (ttm) for Applied Materials, Inc. (more...)
Russian Military Plane Crashes. No Survivors Russian Military Plane Crashes. No Survivors
- December 25, 2016

They had been heading to a Russian air base in Latakia to entertain troops in the run-up to the New Year. "Approximately 70 people were onboard", a source in the country's Emergencies Ministry told RIA Novosti according to Russia Today (RT). (more...)
December 25: A foggy and warm Christmas Day
- December 25, 2016

North-northwest wind 5 to 9 miles per hour becoming east after midnight. Rain chances should increase late Monday night and extend to Tuesday . Southeast wind 6 to 13 miles per hour. Look for Christmas Eve to be partly cloudy, with lows around 28. Mostly sunny, with a high near 82. That - along with brisk southeasterly winds - led to temperatures soaring well into the 80s during the afternoon. (more...)
PM Narendra Modi greets Nawaz Sharif on his birthday PM Narendra Modi greets Nawaz Sharif on his birthday
- December 25, 2016

Hence so much have had happened this year, but PM Modi has still lent his good wishes on Pakistan PM Nawaz Sharif's birthday. In 2015, Modi had travelled to Lahore on an unscheduled visit to convey his birthday greetings to Sharif personally and had also attended the wedding of one of Sharif's relatives. (more...)
Government to launch Lucky Grahak Yojana for consumers Government to launch Lucky Grahak Yojana for consumers
- December 25, 2016

For payments, discounts would be given at petrol stations on a digital platform, for tolls at national highways and for railway tickets. "Under the Digi Dhan Vyapari Yojna, 7000 winning merchants will receive prizes worth up to Rs 50,000 every week, also within the same time frame", NITI ayog CEO said, adding that on April 14, there would be mega awards worth Rs 1 crore, Rs 50 lakh and Rs 25 lakh, respectively, for consumers and Rs 50 Lakh, Rs 25 lakh and Rs 5 lakh for merchants. (more...)
Oil prices up on strong U.S Oil prices up on strong U.S
- December 25, 2016

Concerns of rising USA supplies were offset by signs of cooperation among members of the Organization of the Petroleum Exporting Countries (OPEC), which have vowed to stick to their agreement to reduce output by 1.2 million barrels per day beginning in January. (more...)
Woods has wild week: white Santa goatee, golf with Trump
- December 25, 2016

TMZ caught up with George Lopez, and the actor and comedian wasn't sugar coating anything. Trump took a break from his own work for his first round of golf since winning the November 8 election. Two unidentified Trump International members are expected to join the pair to make it a foursome, a source close to Trump told Golf Digest . "We will outmatch them at every pass...and outlast them all". (more...)
Putin: Liberation Of Aleppo Essential To Normalizing Syria Putin: Liberation Of Aleppo Essential To Normalizing Syria
- December 25, 2016

Ahmad al-Khatib, an opposition media activist, said the fall of Aleppo was a date "we'll never forget and we will never forgive". "After the army liberated the city, we came here to see our homes". At least five people were killed in an air strike on a rebel-held town near Aleppo on Saturday after an explosion rocked the east of the city. As they finished sweeping through the main streets, soldiers moved into the smaller alleyways to check for bombs, an AFP correspondent in one district ... (more...)
Govt wont shy away from tough reforms: Modi Govt wont shy away from tough reforms: Modi
- December 25, 2016

Development is the solution to all problems, it is the way ahead, the Prime Minister asserted. "They want my government to continue working against corruption and black money", said Modi. # Govt will continue to follow the sound and prudent economic policies. Modi will also be inaugurating the newly built campus of National Institute of Securities Management in MIDC, Patalganga which comes in the neighbouring Raigad District. (more...)
India U-19 team win Asia Cup, defend title successfully India U-19 team win Asia Cup, defend title successfully
- December 25, 2016

For India, Abhishek Sharma played a vital role with his match winning spell of 4/37. This was India's second win in the Asia Cup U-19 tournament, having won the title in 2013/14 by defeating Pakistan by 40 runs and sharing the trophy in the first edition held in Malaysia in 2012/13. (more...)
Israel accuses United States of settlements 'gang-up' Israel accuses United States of settlements 'gang-up'
- December 25, 2016

The primary holdout at the U.N. has been the United States, which sees settlements as illegitimate but has traditionally used its veto power as a permanent member of the Security Council to block such resolutions on the grounds that Israeli-Palestinian disputes should be addressed through negotiation. (more...)
India's oil imports from Iran fell 19% in November India's oil imports from Iran fell 19% in November
- December 25, 2016

Oil prices rose in subdued trading on Thursday, supported by strong US economic data and optimism that crude producers would abide by an agreement to limit output. Even after a faction of Petroleum Facilities Guard (PFG) announced the reopening of the country's main oil pipelines in the west, it took six days before Libya's National Oil Corporation confirmed it, reflecting concerns that the pledge would not be fulfilled. (more...)
Best Buy Christmas 2016 Schedule: Open or Not? Best Buy Christmas 2016 Schedule: Open or Not?
- December 25, 2016

Christmas Eve . Toys R Us : Closing at 9 p.m. Cabela's Normal hours 9 a.m. - 5 p.m. Wegmans: Stores will close at 6 p.m. December 24. Target: If you forgot to get stocking stuffers, they're open from 8 a.m.to 11 p.m. Christmas Eve (select stores will remain open until 2 a.m.). Edward Cooke, chief executive of Revo, the retail property body, said: "In line with our predictions footfall was up on Super Saturday and Panic Tuesday, and we now expect a dip in shopper numbers on ... (more...)

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