Economy


Iraq balks at production cuts, cites war against IS Iraq balks at production cuts, cites war against IS
- October 31, 2016

Brent, the global benchmark for crude, settled down 67 cents, or 1.3 per cent, at US$50.79. The U.S. Energy Information Administration (EIA) will report crude stockpiles and other oil supply-demand data for last week at 10:30 a.m. "One wild card moving forward could be USA crude oil production, which estimates show has bottomed and could be headed higher given the uptick in drilling and hedging activity", he said. (more...)
Oil falls as non-OPEC yet to pledge concrete oil output steps Oil falls as non-OPEC yet to pledge concrete oil output steps
- October 31, 2016

Three OPEC sources said only Libya, Nigeria and Iran could be excluded because they were recently affected by wars or sanctions. This meeting is the result of the decision reached at the 170th Extraordinary Meeting of the OPEC Conference in Algeria last month, he said. (more...)
Clocks in Bulgaria change to winter time on October 30 2016 Clocks in Bulgaria change to winter time on October 30 2016
- October 31, 2016

What does this mean for you? Considering British Summer Time (BST) was introduced during the First World War, maybe it really is high time we at least considered reviewing the way it works. Despite this, there have been many calls to stay an hour ahead of GMT permanently and scrap the process of winding back. Most modern devices will however do this automatically, so check before you do it - in case you end up going back by two hours! Departure and arrival times of foreign flights will ... (more...)
France to Shut Down Paris Migrant Camp
- October 30, 2016

Francois Hollande has urged British authorities to "play their part" to settle 1,500 unaccompanied minors left in Calais . France sees the Jungle - one of the most visible symbols of Europe's migrant crisis - as a problem chiefly of Britain's making given that most of the migrants were aiming to reach British shores. (more...)
What we know about the FBI's new email inquiry
- October 29, 2016

FBI investigators will check those emails to see whether any of them contained classified material, the letter stated. Disgraced former NY congressman Anthony Weiner split from his wife, Clinton confidante Huma Abedin, in April. Clinton campaign manager John Podesta called for the FBI to provide more information than what is in Comey's letter, saying that Comey's words do not match the media nor Trumps characterization of the investigation. (more...)
Donald Trump outspending Hillary Clinton on TV advertising
- October 29, 2016

Clinton leads Trump by 10 points among likely women voters, up from a 4-point lead the previous week. Because Trump paid to build this audience with his own campaign funds, he alone will own it after November 8 and can deploy it to whatever objective he chooses. (more...)
British data prompts global bond selloff; oil rises British data prompts global bond selloff; oil rises
- October 28, 2016

Asian stocks made a subdued start, with MSCI's broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS edging down 0.l per cent, reflecting Wall Street's unconvincing performance overnight. Concerns over reduced stimulus have increased in recent times, ever since the Bank of Japan on Sept 21 changed its focus from money printing to targeted government bond yields. (more...)
Deutsche Bank makes 278 million euros, strengthens buffers Deutsche Bank makes 278 million euros, strengthens buffers
- October 27, 2016

Germany's biggest bank has been in turmoil since mid-September when it said USA authorities were demanding up to $14 billion to settle claims that it missold US mortgage-backed securities before the financial crisis. Deutsche Bank has scrapped its cash bonuses for the year and is looking into tying compensation to share performance, the bank's CFO said. "It also depends on the Department of Justice", he said in the conference call. (more...)
Boeing has a banner 3Q and sees more of the same ahead Boeing has a banner 3Q and sees more of the same ahead
- October 27, 2016

The earnings report was also a reminder how aerospace has been one of the few stronger performers among manufacturers. Boeing Co will not cut production of the 777 jetliner by more than two planes a month and is taking more time to decide on whether a cut is even needed, Chief Executive Dennis Muilenburg said on Wednesday. (more...)
Twitter Inc To Cut 300 More Jobs This Week Twitter Inc To Cut 300 More Jobs This Week
- October 26, 2016

The similarity in the numbers between the two reports is also a red flag but Twitter is refusing to comment on the speculation and it may be that the rumoured job cuts are rounding up. Although the exact scope of the cuts is still unclear, the layoffs will see an 8% reduction in staff across the company. The cuts may come before Thursday morning when Twitter is scheduled to post its quarterly earnings before the market opens. (more...)
Duke Energy Corp. (DUK) Receives Consensus Rating of Duke Energy Corp. (DUK) Receives Consensus Rating of "Hold" from Analysts
- October 26, 2016

Jolley Asset Management LLC raised its position in shares of Duke Energy Corp.by 9.1% in the second quarter. Company earnings results have the capability of triggering near-term stock movements whether results hit or miss expectations. (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 4th. According to the Latest Earnings results, Duke Energy Corporation reported Earnings Per Share (EPS) of $1.07 whereas, the Analyst were expecting an EPS of $1.01/share. (more...)
Merck quarterly revenue beats, raises full-year forecast Merck quarterly revenue beats, raises full-year forecast
- October 26, 2016

Inc. (MRK - Analyst Report) is a global research-driven pharmaceutical products company. Net income attributable rose to $2.18 billion, or 78 cents per share, for the third quarter from $1.83 billion, or 64 cents per share, a year earlier. (more...)
Markets Right Now: Stocks open higher on Wall Street
- October 25, 2016

Rockwell Collins Inc.is making its biggest-ever acquisition in a bet that airplanes will get smarter, as everything from lie-flat seats to toilet valves send live data to inflight crews and maintenance workers. The company also plans to make accounting adjustments that will improve earnings pre-tax of about $60 million to $90 million a year for the first six years after the acquisition. (more...)
Michelle Obama: Trump trying to 'take away your hope' Michelle Obama: Trump trying to 'take away your hope'
- October 24, 2016

Obama continued, " They just know that I was at home to tuck them in at night, and it keeps them grounded, and, and children, the children in our country have to know that they come first". "The voters decide who wins and loses, period, end of story, and when a presidential candidate threatens to ignore our voices and reject the outcome of this election he is threatening the very idea of America itself and we can not stand for that. (more...)
MA: State's Jobless Rate at 3.6 Percent, Lowest Since June 2001
- October 23, 2016

Terry McAuliffe's office said. The private sector, which excludes government jobs, is growing at healthy rate of 1.7 percent compared with September a year ago, said John Shelnutt, administrator for economic analysis and tax research for the state's Department of Finance and Administration. (more...)
British PM supports chancellor of the exchequer amid Brexit row British PM supports chancellor of the exchequer amid Brexit row
- October 21, 2016

Feeble global demand has been putting negative pressure on inflation for some years now. The higher prices in those key sectors came as food costs in September were unchanged for the third consecutive month. Though the weakening in the pound since the Brexit vote has been blamed for increases in retail prices, the ONS added there is no "explicit evidence" the fall in sterling is pushing up consumer prices. (more...)
Even Trump's Campaign Manager Doesn't Believe There Is Widespread Voter Fraud Even Trump's Campaign Manager Doesn't Believe There Is Widespread Voter Fraud
- October 20, 2016

Instead, she went in a rather different direction. But that's no excuse: It's still nasty and gratuitous. The interview began with Ruhle hammering Conway to explain Trump's comments on voter fraud, and comment on Marco Rubio telling Trump to not take advantage of the WikiLeaks e-mails. (more...)
California attorney general investigating Wells Fargo bank
- October 20, 2016

The Complaint alleges that, unfortunately, only $5 million of this $190 million in fines is supposed to be allocated to the injured customers. He will walk away with $134 million, reports said. According to FBR & Co.s price target of 45 on the company's stock this indicates the broker now believes there is an increase of 0.11% from Wells Fargo & Company's current price of 44.95. (more...)
On October 27, Apple should finally reveal updates to its MacOS hardware
- October 19, 2016

The report has been dug up by a site called Macotakara that quotes a "reliable Chinese supplier" - hallmarks of something that's entirely made-up but you never know. MacBook Pro is expected to ship with a new graphics processor. New MacBook Airs are certainly a possibility, but it's not likely that they'll be refreshed with a Retina display. (more...)
Did Hurricane Matthew Cause Zika Spike in Miami-Dade?
- October 16, 2016

Five people - two women and three men - have been infected so far, according to the Florida Department of Health. Three of the people live in the area, while the other two visited or work in the neighborhood, health officials said . Florida has another case of locally acquired Zika, while Brazil has begun using sterile mosquitoes to fight the Aedes species that transmits the virus, and the genome of Zika virus contained in semen has been sequenced for the first time. (more...)
Buttler Fight With Bangaldesh Player In Yesterday's Match
- October 16, 2016

Buttler reacted to what he thought were overexuberant celebrations from several Bangladesh players and a heated confrontation ensued, with umpires forced to intervene by sending the Englishman on his way. Ben Stokes, again showing that maturity and everything we want to be about as a side. He added: "Maybe you don't know me as well as you think you do", when asked if it was the first time he had lost his cool. (more...)
After the scandal, Wells Fargo's damage becomes apparent
- October 16, 2016

The bank has been under fire after allegations came to light that Wells employees may have opened up to 2 million customer accounts fraudulently in order to meet sales goals. JPMorgan's chief financial officer, Marianne Lake, said the fourth quarter so far is showing positive signs. The bank makes less than 1 percent of its revenue from working with local governments but Ohio's decision is a blow, coming days after Stumpf, a lightning rod for much of the criticism around the scandal, had ... (more...)
Can Wells Fargo's New CEO Restore Its Reputation?
- October 16, 2016

Wells Fargo had earlier announced that Stumpf will forfeit $41 million in stock awards. Meanwhile, Dealbreaker reported Wednesday on how the appointment of Sloan to take Stumpf's place was not exactly reassuring. Many critics believe Stumpf should face harsher consequences, including Senator Elizabeth Warren [official website], who wrote on Facebook [statement] that he should face a Department of Justice (DOJ) investigation. (more...)
Sterling bounces off record trade-weighted low as MPs flex Brexit
- October 15, 2016

Sterling traded close to a record low in trade-weighted terms on Thursday (Oct 13), kept under heavy pressure by worries that Britain will undergo a "hard Brexit " that will sever ties with Europe's single market. The pound has sold off sharply in the last two weeks on concerns the government will negotiate for an exit that favours tighter immigration controls over free trade, thereby hurting the foreign investment needed to fund Britain's huge current account deficit. (more...)
French FM does not back sanctions against Russian Federation over Syria
- October 14, 2016

These include reduction of USA military infrastructure and troops in countries that joined North Atlantic Treaty Organisation after September 1, 2000, and lifting of all American sanctions against Russian Federation and compensation for the damage they have caused. (more...)
Wells Fargo CEO is out as bank grapples with sales scandal Wells Fargo CEO is out as bank grapples with sales scandal
- October 14, 2016

Some industry analysts said Stumpf's retirement is a step in the right direction for the third-largest US bank by assets. "I think it's a first big step", Desaulnier said. "Our primary focus in the banking business is to serve our customers". It is hard to estimate the total cost of the probes and litigation Wells will face over the unauthorized accounts, analysts said. (more...)
AT&T might permanently drop Galaxy Note 7 sales
- October 14, 2016

The report, citing an unidentified source familiar with the matter, said that now the returns of the Galaxy Note 7 handsets are being processed by AT&T, which will issue alternative smartphones in place of the potentially- explosive devices. (more...)
UPI/CVoter poll: Hillary Clinton gains as Donald Trump continues to slide
- October 12, 2016

The CBS News/YouGov poll also found that 95% of those surveyed said they planned to vote on November 8. Many Republicans saw Sunday's showdown as his last best chance to salvage his campaign. Trump even threatened to throw Clinton in jail if he were elected president - a move that the law actually does not allow. Clinton's campaign, however, will be able rely on an extensive and well-funded voter mobilization effort, one that is expected to give her an edge over Trump's smaller ... (more...)
Delta Air Lines, Inc.'s (DAL) Delta Air Lines, Inc.'s (DAL)
- October 12, 2016

On average, equities analysts forecast that Delta Air Lines will post $5.70 earnings per share for the current fiscal year. During the same period in the prior year, the business earned $1.27 earnings per share. The company has market capitalization of $9.17B. When calculating EPS anticipates for the current year from sell-side analysts, the Price to current year EPS stands at -18.80%. (more...)
NSW Government confirms reversal of greyhound industry ban NSW Government confirms reversal of greyhound industry ban
- October 11, 2016

But a year ago national broadcaster ABC revealed that live animals such as piglets, rabbits and possums were used as bait to train some of the country's most successful dogs. There was also widespread political, industry and media pressure to reconsider the ban. "The barbaric practices we have seen have to end", he said. (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 »