Finance


Markets eke out gains on positive global cues Markets eke out gains on positive global cues
- November 22, 2016

The Sensex has touched a high of 26,039.70 points and a low of 25,765.51 points during the intra-day trade so far. The S&P BSE Sensex dropped 1.4 percent to 25,765, wiping out all of its last 12-month gains. It hit its lowest level since June 1 against dollar as sentiment turned bearish on combination of growing USA rate hike expectations and stunning dollar run. (more...)
Union: Lufthansa pilots to strike on Wednesday Union: Lufthansa pilots to strike on Wednesday
- November 22, 2016

VC rejected a Lufthansa offer in September of a one-off payment and a 4.4 percent pay rise. The pilots of Germany's flagship carrier Lufthansa will go on strike on Wednesday over a long-running pay hike demand, reports said Monday, citing a union representing pilots. (more...)
Income Tax Notices for Suspicious Cash Deposit in Bank Account Income Tax Notices for Suspicious Cash Deposit in Bank Account
- November 22, 2016

The government cautioned that the misuse of accounts of housewives, artisans and workers or Jan Dhan accounts to convert black money into new denomination notes would invite prosecution under the Income Tax Act and would be subject to tax and penalty. (more...)
Authorities: 4 children dead, mom hurt in Indiana house fire Authorities: 4 children dead, mom hurt in Indiana house fire
- November 22, 2016

The press release from the Department of Homeland Security said those two children were not in the house at the time of the blaze. To them, this is one loss that will take time. Flora added, "We all lend a hand where we need it. ..." Landon says on Tuesday, the church will organize a community counseling session and memorial for the four little girls. (more...)
Withdraw cash with a tap on your smartphone Withdraw cash with a tap on your smartphone
- November 22, 2016

Barclays, the second largest bank in the United Kingdom and the last major holdout for Apple Pay, claims the new mobile service is a more secure way to withdraw cash than cards since the device is in the customer's hand, cutting out card skimmers and limiting shoulder surfers. (more...)
Mikkelsen wins Rally of Australia in Volkswagen's last race Mikkelsen wins Rally of Australia in Volkswagen's last race
- November 20, 2016

Ogier has nibbled away at Mikkelsen's advantage after gambling on four soft tyres to his team-mate's hard-compound Michelins, and the Frenchman said he made "completely the right choice" despite acknowledging the afternoon loop could be trickier. (more...)
At least 60 dead after train derails in north India At least 60 dead after train derails in north India
- November 20, 2016

At least 30 passengers were killed and many others injured as an Indian express train derailed in Kanpur on Sunday, reports Times of India. Railway Minister Suresh Prabhu tweeted :Prime Minister Narendra Modi said he had spoken to Railway Minister Suresh Prabhu who was monitoring the situation closely. (more...)
Hundreds Of US Businesses Urge Trump To Uphold Paris Climate Deal Hundreds Of US Businesses Urge Trump To Uphold Paris Climate Deal
- November 19, 2016

And, perhaps unsurprisingly, that isn't great news for the earth. Among the large and small US businesses calling on Trump to acknowledge climate change are DuPont, Gap Inc., General Mills, Hewlett Packard Enterprise, Hilton, HP Inc., Kellogg Company , Levi Strauss & Co., L'Oreal USA, NIKE, Mars Incorporated, Schneider Electric, Starbucks, VF Corporation, and Unilever. (more...)
Anger, frustration at ATMs as people wait in long queues for hours
- November 19, 2016

The ATMs that functioned ran out of money soon after opening. One of the longest queues outside an ATM/Bank was witnessed in Surat, Gujarat on Friday, a tweet claimed. Chennai: People queue up outside an ATM to withdraw money in Chennai on Friday. "It will take some more days before they (ATMS) start tendering new high security Rs 500 and 2000 currency notes which is expected to ease pressure", said a bank official. (more...)
Oil prices fall as strong dollar wipes out OPEC cut optimism
- November 19, 2016

Russian Energy Minister Alexander Novak said that he is "quite optimistic" the OPEC oil cartel will reach agreement later this month on a planned output cut to shore up prices. "Price volatility will increase as we approach the OPEC meeting scheduled for November 30, but markets will not ignore fundamentals", Kumar said. (more...)
Cincinnati Zoo faulted over gorilla exhibit; Harambe encounter proved barrier ineffective
- November 19, 2016

In May, a three-year-old boy slipped under the barrier and fell into the exhibit. "Harambe had dragged the small child around by the ankle in the shallow water of the moat, carried him up the ladder out of the moat, and then dragged him several times on the ground of the gorilla enclosure", the USDA report says. (more...)
Recent snow is good news for Purgatory skiers Recent snow is good news for Purgatory skiers
- November 19, 2016

After wintery conditions on Thursday and Friday, Collentine expects the weekend to be dry, with little or no snow . The opener at the mega-resort comes one day earlier than planned due to recent colder temperatures and snowfall, and forecast calls for about 18 inches of snow to fall through early next week. (more...)
Gold Prices Edge Higher As Dollar Retreats From 14-Year High Gold Prices Edge Higher As Dollar Retreats From 14-Year High
- November 19, 2016

Spot gold was down 0.1 per cent at $1,226.85 an ounce at 1453 GMT, while U.S. gold futures for December delivery were up $2.40 an ounce at $1,226.90. Financial markets expect the Fed to hike rates next month and have begun pricing in a much more aggressive run of rate increases after Trump promised to boost the US economy with spending on infrastructure. (more...)
Rutgers professor who tweeted about white gun deaths placed on leave Rutgers professor who tweeted about white gun deaths placed on leave
- November 19, 2016

Those tweets caught the attention of the campus' police and called the NYPD. Allred has made it clear he is not anxious about his position at Rutgers because he "never had job security". A Rutgers spokesperson told NJ.com: "The Rutgers University Police Department responded to a complaint from a student and took all appropriate action . (more...)
Aid trucks reach cut-off New Zealand town Aid trucks reach cut-off New Zealand town
- November 19, 2016

The Royal Canadian Navy is joining efforts to help New Zealand deal with the devastation caused by the magnitude 7.5 quake that hit the country on Monday. Royal Canadian Navy frigate HMCS Vancouver is on its way to the quake ravaged region of New Zealand to assist in recovery efforts. New Zealand's Defence Minister Gerry Brownlee has confirmed the Canadian frigate, HMCS Vancouver, is among the warships from five nations now on the way to provide help. (more...)
First Solar, Inc. (FSLR) Tanks After Announcing Restructuring, Slashing Guidance First Solar, Inc. (FSLR) Tanks After Announcing Restructuring, Slashing Guidance
- November 18, 2016

FSLR stock has already lost 50% in the year-to-date as compared to S&P 500 which gained nearly nine percent in the same period. With higher conversion efficiency, the Series 6 product is expected to generate an incremental average selling price per watt of $0.06-compared to the company's Series 4 product. (more...)
India desperate for turn in fortunes in second test match against England
- November 18, 2016

UFC juggernaut Conor McGregor has made history becoming the first fighter to hold two belts in two different weight classes, after he knocked out Eddie Alvarez UFC 205 in NY. They went past the 178 runs by Graeme Fowler and Tim Robinson in Chennai in 1985. Cook, who has been captain for four years, also brushed off worries Bayliss could be tempted by any offer to coach his home country after Australia's innings defeat by South Africa in Hobart that represented their fifth successive Test ... (more...)
Sensex jumps 134 points after three-session fall Sensex jumps 134 points after three-session fall
- November 18, 2016

The Nifty closed 0.39 percent lower at 8,079.95 after rising as much as 0.49 percent earlier in the day, while the Sensex fell 0.27 percent to 26,227.62. The company announced the completion of the merger of its subsidiary Airtel Bangladesh with Robi Axiata, a unit of Axiata Group Berhad. The stock hit a high of Rs 476.20 and a low of Rs 459.80 in intra-day trade. (more...)
Gas, renewables set to be energy mix winners in 2040
- November 18, 2016

If there are such changes, we will include them in our analysis. "It is in my view too early to speculate what the policies might be". Around 100 nations have ratified the Paris agreement, which came into force on November 4, and seeks to limit temperatures rises to well below 2 degrees Celsius above pre-industrial levels and "pursue efforts" to limit the rise in temperatures to 1.5 degrees. (more...)
Housing starts surge 25% to postrecession high Housing starts surge 25% to postrecession high
- November 18, 2016

USA new-home construction jumped to a nine-year high in October as an outsized advance in the number of apartment projects accompanied a strong pickup for single-family housing. Last month's starts number, based on a survey of builders and homeowners, came with a margin of error of 12.6 percentage points. Monthly housing data tend to be volatile and subject to revision. (more...)
Minnesota officer charged with manslaughter in Castile death Minnesota officer charged with manslaughter in Castile death
- November 17, 2016

The Minnesota police officer who fatally shot Philando Castile during a traffic stop in July was charged Wednesday with second-degree manslaughter and two felony counts of risky discharge of a firearm, Ramsey County Attorney John Choi said. (more...)
Branson and startup unveil supersonic plane Branson and startup unveil supersonic plane
- November 17, 2016

Virgin Galactic , which is an innovator in the space travel segment, found it easy to decide to work alongside Boom Technology . The company has been working on a new supersonic prototype design that would dramatically cut operating costs and improve efficiency, while reducing the sonic boom noise that got supersonic craft banned from overland flights decades ago. (more...)
Demonetisation: Charges on ATM transactions waived till 30 December
- November 17, 2016

To mitigate their hardship, the RBI has started distributing high security Rs 500 notes from yesterday. In its circular DCM (CC) No 1170/03.41.01/2016-17 issued on November 2, the apex bank said that "in keeping with the objectives of Clean Note Policy and to ensure that genuine requirement of members of public for Rs 100 denomination bank notes are met, the banks should increase dispensation of Rs 100 bank notes through ATMs". (more...)
China yuan weakens to near 8-year low China yuan weakens to near 8-year low
- November 17, 2016

The yuan has now depreciated 5.4 percent against the dollar so far this year, with its descent gathering speed since Trump's election in the presidential race on November 8, which has boosted the greenback against most other global currencies. (more...)
United Airlines Restricts Economy To One Small Carry-on United Airlines Restricts Economy To One Small Carry-on
- November 16, 2016

The airline is conducting a long-term review of its fleet plan, according to a slide presentation accompanying its investor day event in Chicago. Customers booking Basic Economy fares also will not be able to choose their seats in advance; they will be assigned to one of the remaining open seats on the day of departure and will be among the last group called for boarding. (more...)