Finance


Italian President Tells PM Renzi To Delay Quitting Italian President Tells PM Renzi To Delay Quitting
- December 09, 2016

Italian Prime Minister Matteo Renzi said he will resign after losing a key referendum on constitutional reform, plunging the country into political turmoil and the European Union in further uncertainty. Padoan would be a familiar figure for financial markets, which reversed an initial sell-off on the referendum result as investors came to terms with Renzi's impending departure. (more...)
SC approves Rs 1.33 crore for Mumbai and Chennai Test matches SC approves Rs 1.33 crore for Mumbai and Chennai Test matches
- December 08, 2016

On 8 November, the apex court allowed BCCI to disburse funds directly to parties, departing from the norm to make such payments through state cricket associations. "For me, the two fast bowlers have been brilliant - right throughout since the time I have come in as the coach from (the series against the) West Indies", he said. (more...)
Tamil Nadu's new leaders should keep up pressure on Lanka: K Shivajilinga Tamil Nadu's new leaders should keep up pressure on Lanka: K Shivajilinga
- December 08, 2016

Remembering the AIADMK leader, Chief Minister Pinarayi Vijayan observed that she always kept special relations with the people of Kerala. Extra police have been deployed in the state amid fears of unrest. Despite bitter attacks on each other over the last two decades, DMK chief Karunanidhi and his son M K Stalin mourned the her death. Many world leaders and representatives of Asian countries were present on this occasion. (more...)
Stocks tumble as RBI keps repo rate unchanged at 6.25%
- December 08, 2016

The central bank, in its first policy review since the currency switch, lowered GDP growth forecast for 2016-17 to 7.1% from 7.6%, which dealt another blow to sentiment. However, 173 stocks remain unchanged, according to Business Standard . The BSE healthcare index shed 1.70 per cent, followed by realty 1.49 per cent and banking 1.07 per cent. (more...)
Starbucks on every corner? Coffee chain to open 12000 more
- December 08, 2016

Starbucks Corporation (NASDAQ:SBUX) reported its EPS in the last quarter as $0.56/Share Topping the analyst estimate of $0.55/Share by the difference of $0.01. That's why he said Wednesday the Seattle Roastery has "a lot more theater, a lot more romance" than what we're used to from the Starbucks chain. Iced beverages, such as cold brew coffee and iced lattes, are expected to become more popular in the next five years and account for about half of beverage sales, the company said. (more...)
Spreadbetters' shares hit amid crackdown by City watchdog FCA Spreadbetters' shares hit amid crackdown by City watchdog FCA
- December 08, 2016

The regulator says its aim is to address growing concerns about high losses to retail customers to improve standards across the sector and ensure consumers are appropriately protected. Providers would also be prevented from using any form of account-opening bonus to promote their products. 'The FCA also has concerns that binary bets pose investor protection risks and question whether binary bets meet a genuine investment need'. (more...)
Never a checkout line at this grocery store Never a checkout line at this grocery store
- December 08, 2016

The slogan for Amazon Go: "No Lines". The 1,800-square feet store currently runs on a closed beta and is only open to Amazon employees for now. When shopping at Amazon Go stores , customers can take the products off the shelf and the items automatically get added to the client's bill. (more...)
Pharma, biotech stocks fall after Trump comment on drug prices Pharma, biotech stocks fall after Trump comment on drug prices
- December 08, 2016

The Republican president-elect, a wealthy real estate developer, did not state in the interview how he would reduce drug prices. Trump on Tuesday called for scrapping Boeing's deal to deliver a new pair of Air Force One jets by 2014 because of what he said were excessive costs. (more...)
Trump Will Decide 'Day by Day' on Intervening With Companies, Pence Says
- December 07, 2016

Either way, look for firms to adopt a hot new business model: Whenever a company seeks to profit from outsourcing a certain number of jobs, announce its decision to send four times that many out of country. Our followers shared their thoughts on the Carrier deal and whether President-elect Donald Trump will he be able to replicate it nationwide. Trump made headlines this week when he gave a speech at Carrier (another IN company) and touted his success IN keeping the company from moving to ... (more...)
Autumn Statement: Government set to borrow more as economy slows down
- December 06, 2016

It said that some £58.7 billion of this was directly attributable to the referendum result and the cost of leaving the EU. Departmental spending plans to be maintained from last year's Autumn Statement, although Ministry of Justice handed emergency funding to deal with urgent problems with prison safety. (more...)
Oil price jumps to 16 month high after deal to cut production Oil price jumps to 16 month high after deal to cut production
- December 05, 2016

It seeks to deliver twice the return of the daily performance of the Bloomberg WTI Crude Oil Subindex, which consists of futures contracts on crude oil. "Unlike in the past OPEC decisions, if prices move to around US$60, a substantial amount of oil in United states is ready to come to the markets", Birol said. (more...)
Trump the campaign trail showman returns on 'Thank you' tour
- December 05, 2016

The ostensible goal of the event was to stress a message of national unity after a fractious campaign and to lay out a road map for Trump's presidency. shows what kind of man he is", said Josh Kanowitz, 43. "We condemn bigotry and prejudice in all of its forms", said Mr. Trump, who throughout the presidential race was accused of stirring racism and bigotry. (more...)
Two budgets in 2017 after last statement in autumn
- December 05, 2016

During Hammond's opening remarks, he once again delivered the assertion that Britain is the "fastest growing major economy", in the world, but warned that the decision to leave the European Union makes it more important than ever to address the weaknesses present in the British economy. (more...)
'Solutions' sought for animal fat in United Kingdom fiver
- December 05, 2016

We respect those concerns and are treating them with the utmost seriousness. "Our supplier of polymer substrate, Innovia Security, has confirmed to us that these additives may include extremely small amounts of tallow", the Bank said in a statement released Wednesday. (more...)
Malaysian PM leads protest over Rohingya crisis
- December 05, 2016

The high number of Rohingya people in Malaysia (approximately 56,000) under the UNHCR banner, coupled with the hundreds of thousands in other neighbouring countries, makes this matter no longer an internal matter but an global matter. UN, world can not just sit and watch genocide, it is our problem. Pic: Astro AwaniKUALA LUMPUR: The concern towards the oppressed Rohingyas in Myanmar is not about Malaysia interfering in the country's affairs, but it is based on humanitarian grounds, said ... (more...)
Pa. lawmaker wants Electoral College votes given to national popular vote victor
- December 04, 2016

Hillary Clinton, seen here delivering her concession speech in New York City on November 9, has over 2.5 million more votes than Donald Trump in the national popular vote. Secretary Clinton WON THE POPULAR VOTE and should be President. So the petition is asking the 149 electors in those 14 states to ignore their states' votes and vote for Clinton, citing the wide margin by which she's won the popular vote. (more...)
US Jobless Rate Plunges to 4.6 Percent., Employers Add 178000 Jobs US Jobless Rate Plunges to 4.6 Percent., Employers Add 178000 Jobs
- December 04, 2016

Construction jobs (often a sign of economic growth) are also up for the third straight month, by 19,000 jobs for November (and 59.000 jobs since September - primarily for residential construction work). More than half a million of those were considered "discouraged", meaning that they'd given up on looking for work. President-elect Donald Trump has promised to spend heavily to rebuild America's infrastructure, plans which may also increase inflationary pressure in coming months. (more...)
Home India Viral Pic : PM Modi With Great Khali - 63 inches met Home India Viral Pic : PM Modi With Great Khali - 63 inches met
- December 04, 2016

He said that his government was finding ways to punish those who were misusing jan dhan accounts. "Has this country not been held back by corruption?" While Modi has been praised for his intentions, he is facing flak from political opponents as well as prominent economists such as Amartya Sen and Paul Krugman for sucking 86 percent of the currency out of circulation virtually overnight. (more...)
Bergdahl seeks pardon from Obama to avert desertion trial Bergdahl seeks pardon from Obama to avert desertion trial
- December 04, 2016

He could face up to life in prison. "I have grave concerns as to whether Sergeant Bergdahl can receive a fair trial given the beating he has taken over many months from Mr. The US officials have long accused Pakistan's spy agency, Inter-Services Intelligence, of supporting the Haqqani network made up of Taliban fighters in both Afghanistan and Pakistan. (more...)
Democratic Anti-Trump Electors Raising Money off the Effort Democratic Anti-Trump Electors Raising Money off the Effort
- December 04, 2016

So far, Baca said , only a handful of Democratic electors have agreed to join the movement publicly - four in Colorado, and a couple in Washington. Democratic members of the electoral college who are trying to stop Donald Trump are raising money off their efforts. (more...)
Trump takes on another Mexico-bound Indiana manufacturer
- December 04, 2016

Palin wrote. "Because we know special interest crony capitalism is one big fail". The Wall Street Journal editorial board on Thursday blasted President-elect Donald TrumpDonald TrumpFormer Defense secretary says he doesn't expect job in Trump administration Trump makes history with phone call to Taiwan leader The nomination of Tom Price and the cost of optimal medical care MORE, calling his deal to keep almost 1,000 U.S.jobs from moving to Mexico from a Carrier plant in Indianapolis ... (more...)
TSX falls as higher bond yields offset energy rally
- December 04, 2016

The optimism drove the commodity-heavy S&P/TSX composite index in Toronto up 83.04 points at 15,082.85, with the energy sector recording the largest rise, surging by almost eight per cent. January crude contracts rose $1.62 to US$51.06 a barrel, the highest it's been since mid-October. The probability of a rate increase in December is at 100 per cent, compared with a 68 per cent chance at the start of November. (more...)
Sensex plunges 241 points; FMCG, realty stocks slump Sensex plunges 241 points; FMCG, realty stocks slump
- December 03, 2016

Market benchmark Sensex fell 93 points to end at 26,559.92, while the NSE Nifty broke below the 8,200-mark today after investors preferred to liquidate their positions at higher levels. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 402.62 crs yesterday, as per provisional data released by the stock exchanges. (more...)
Future Energy Jobs bill moves forward in IL
- December 03, 2016

Exelon said the only increase for consumers would be 25 cents added to their energy bills each month and that not passing the bill could result in $1.85 added to customers' bills each month due to the closing of the plants. For months, Exelon has been taking the necessary steps to mothball the plant, so a legislative remedy needs to be found. BEST Coalition tabbed it at $24 billion over the next two dozen years, calling it "the largest rate hike in US history". (more...)
Standard & Poor's issues warning on Tata Sons Standard & Poor's issues warning on Tata Sons
- December 03, 2016

Apart from the Mistry-Wadia ouster, Tata Chemical under its EGM meeting will also seek approval on naming S. Padmanabhan as director. Meanwhile, Tata Group sources told ET the TGBL board meeting that ousted Mistry was a perfectly legal process. (more...)