Markets

Saudi voices worries over Trump's oil import ban remarks

Saudi voices worries over Trump's oil import ban remarks

West Texas Intermediate for December delivery was at $45.93 a barrel on the New York Mercantile Exchange, 36 cents higher, at 11:21 a.m.in London . Opec is moving closer towards finalising this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said. Read More

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Relentless smoke spreads fear at edge of southern wildfires

In a press release issued on Wednesday, a National Wildfire Prevention and Education Team arrived in North Carolina to conduct wildfire prevention assessments and awareness activities. Officials believe numerous fires were started by arsonists: At least seven people have been arrested for arson in Tennessee this month and one has been arrested in Kentucky. Read More

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Demonetisation: SBI chief sees normalcy in 10 days

Demonetisation: SBI chief sees normalcy in 10 days

Chaotic scenes and seemingly never-ending queues could still be seen outside banks and ATMs as people hustled to get valid currency notes for meeting their daily expenses after the Centre last week demonetised the old higher value bills. Long queues have been witnessed outside practically all ATMs in the country. The limit in the ATM has also been increased to 2,500 rupees. As per field experiences of LocalCircles members, more than 40 per cent people in bank lines stood for someone else. Read More

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Sindhu wins maiden Super Series Premier title

Sindhu wins maiden Super Series Premier title

PV Sindhu thrashed Chinese shuttler Sun by 21-11, 17-21, 21-11 in the final of the China Open to claim her maiden major title since her exploits in the 2016 Rio Olympics. However, Sindhu equalised at 20-all and snatched the game 23-21. Although her glittering CV included two World Championship bronze medals besides the silver from Rio , a Super Series title - the elite tournaments in the sport - had remained elusive. Read More

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McDonald's Will Soon Introduce Table Service in Boston

McDonald's Will Soon Introduce Table Service in Boston

The fast-food chain announced in NY it will add table service, interactive technology, new premium ingredients and new restaurant designs. Currently, McDonald's offers table service in more than 500 U.S. Customers can pay with their card directly at the kiosk, or print their receipt and pay at the cash register, or use Apple or Android Pay. In its recap of Restaurant Finance Monitor's Restaurant Finance and Development Conference, which took place earlier this week, Instinet said ... Read More

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First Solar -6% following dismal 2017 guidance; analysts weigh in

First Solar -6% following dismal 2017 guidance; analysts weigh in

First Solar said it expected pretax restructuring charges of $500 million-$700 million, anticipated primarily in the fourth quarter of 2016. "Following the completion of an internal review process to evaluate the best competitive response to address the current challenging market conditions, we have developed plans that will enable us to more quickly begin production of our Series 6 module", First Solar Chief Executive Mark Widmar said in a statement . Read More

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This Year's World Energy Outlook Report Highlights Vast Global Energy Landscape Transformations

This Year's World Energy Outlook Report Highlights Vast Global Energy Landscape Transformations

The report is seen as a policy guide for governments amid rapid global change in energy markets, and this year's report focusses on renewable energy. Tim Buckley, an analyst with the Institute for Energy Economics and Financial Analysis, a left-leaning research organization based in Cleveland, said that the decline of coal and the explosion in low-priced renewable energy provided a simple lesson: "Those who exit fossil fuels and embrace solar and wind will reap financial rewards". Read More

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500 notes to be available from today

500 notes to be available from today

The RBI's Regional Office said the brand new Rs 500 currencies, which are now in limited volume, have been dispatched to banks in coastal, western and southern districts of the State so that it has a pan-Odisha coverage. Sanghani of NAFSCOB said, "The Centre is expected to withdraw its decision in the next few days". There are thousands of DCCBs spread across the country with 18 being in Gujarat alone. Read More

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Sensex plummets 288 pts on US poll fears

Sensex plummets 288 pts on US poll fears

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,679.32 points, closed at 27,527.22 points - down 349.39 points or 1.25 per cent, from its previous close at 27,876.61 points. According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty traded with volatile sentiments due to short covering. Hindalco Industries shares jumped over 4 percent to hit a one-year high, while Hero MotoCorp, ACC, ITC and Infratel climbed 1-4 percent. Read More

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Toner: All Blacks should expect doubly determined Ireland

Toner: All Blacks should expect doubly determined Ireland

Steve Hansen's back-to-back world champions were hamstrung by a host of second-row injury problems that day, but will have peerless lock Brodie Retallick back in his unique auxiliary playmaker role at the Aviva Stadium. To have first-choice locks Whitelock back with the returning Brodie Retallick would be a major boost for New Zealand's chances of avenging its first loss to Ireland nine days ago in Chicago. Read More

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Gold steady, Trump economic policy in focus

Platinum rose 0.4 per cent to $US934.20, bouncing back from the more than eight-month low of $US917.50 touched on Monday. Gold fell more than one per cent to a 5½-month low on Monday, as the dollar and Treasury yields strengthened on expectations that President-elect Donald Trump will boost USA spending. Read More

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"The Fight of Our Lives": Young, Undocumented and Anxiously Awaiting President Trump

According to advocates, many in the immigrant community have expressed concern and even panic after Trump had won the election, particularly due to Trump's remarks regarding immigration throughout his campaign. "Are we going to be left alone?" Rosa, 22, says she feels a triple threat after Trump's win because she is Mexican, a woman and a lesbian. "It is the single worst piece of legislation among many bad pieces of legislation passed in the first two years of the Obama presidency". Read More

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Trump and Obama meet in White House to begin transition talks

Pew Research CenterNew polling data collected over the final two weeks of the presidential campaign paints the picture of a tired, pessimistic electorate and makes a strong case for de-escalating the power of the presidency. White voters make up around 70 percent of the voting population - a massive boon (or challenge) to a presidential candidate. For Melania, this day marked her first trip to the White House . Read More

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Rs 2 lakh crore in kitty so far

Rs 2 lakh crore in kitty so far

Either ATMs are unable to meet a spiraling demand for cash or they can not dispense the new bills. Jaitley also said that it will take two-three weeks to recalibrate the ATMs across the country for the new notes. Congress today said why should we stand in queue as it is our money, but have you paid taxes to the people on your money? ED is scrutinising as many as 67 foreign exchange dealers and Directorate General of Central Excise Intelligence is also monitoring prominent jeweller and ... Read More

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Ready to work with CPI(M) to counter NDA: Mamata

Ready to work with CPI(M) to counter NDA: Mamata

R these black money hoarders? Earlier in the day, she visited banks and ATMs in the city to witness the "hardship" faced by the common people and demanded withdrawal of the decision. Mamata Banerjee continued and said, "This is a betrayal with people". "For the betterment of the people and the country, we're ready to work jointly with all parties, including the CPM with which we may have political and basic ideological differences", Banerjee told reporters. Read More

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Senate GOP leader says he asked Trump to back Keystone

Senate GOP leader says he asked Trump to back Keystone

Last November, the Obama administration rejected Keystone XL, which would bring bitumen from Alberta's oilsands to U.S. Gulf Coast refineries, deeming it not in the U.S. The 240-mile pipeline would transport up to 300,000 barrels of crude oil per day. The mayor said Keystone XL would solve a problem with glut of capacity and supply and would provide a circuitous route to tidewater through the Gulf coast, but it relies on US refineries. Read More

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US November Treasury refunding ends with weak 30-year bond sale

US November Treasury refunding ends with weak 30-year bond sale

US inflation expectations as measured by five-year inflation swap contracts jumped in the wake of Trump's victory to 2.38 percent on Wednesday - the highest level since July last year - from 2.24 percent the day before. It had almost $23 billion in bids for a 2.22 bid-to-cover ratio, the lowest since March 2009. Yields rose as high as 2.125 percent, the highest since January. Read More

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Trump Presidency Inspires #NotMyPresident Trend On Twitter

Trump Presidency Inspires #NotMyPresident Trend On Twitter

But that doesn't mean that those who are opposed to Donald Trump have changed their minds. Many users are taking to social media to express their feelings and thoughts on the results of the 2016 Presidential election. Although the #twitterblackout might not end up yielding any significant change, the symbolism of the social media protest signifies how divided much of the country really is. Read More

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Fed holds off on rate hike ahead of election

The November press release had two members voting for a higher federal fund rate of 0.50% to 0.75%. Two voted for an increase - down from three who dissented at the last meeting in September. Mester, president of the Federal Reserve Bank of Cleveland, both voted to raise rates by a quarter-point. The Fed has indicated that it may be ready to raise the target rate in its next meeting, on December 13 and 14, which would be exactly one year from its historic rate hike in December 2015. Read More

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Clergy join Dakota Access pipeline protesters for ceremony

After a several-hour standoff with police, protesters dispersed and returned to their main camp. The Morton County Sheriff's Department says one person was arrested for "conspiracy to commit obstruction of a government function". "The police are supposed to protect people, and the justice system is supposed to, but they were just working for this corporation", Brendan Rosa, 29, from Kingston, New York, told ABC News , adding that he was "treated like a zoo animal" following his arrest ... Read More

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Royal Caribbean's Harmony of the Seas Begins Caribbean Voyages

Royal Caribbean's Harmony of the Seas Begins Caribbean Voyages

The newest and youngest of the three ships, Harmony of the Seas , officially claimed the title of world's largest cruise ship, beating her sisters by a mere foot in length and almost 1,700 gross registered tons. Onboard adventures include FlowRider surf simulators, a thrilling zip line 82ft long and a state of the art climbing wall. The 1,380-guest Royal Theater will host two shows, a version of Broadway's "Grease" and original comedy "Columbus, The Musical!" while the ship's Studio B will ... Read More

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AT&T and Time Warner deal: Everything you need to know

AT&T and Time Warner deal: Everything you need to know

This weekend's announcement by AT&T that it intends to pay $85 billion to acquire Time Warner is not being received well by consumer advocates. Time Warner Inc makes up approx 0.04% of Westwood Management Corp Il's portfolio.American National Bank boosted its stake in TWX in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 255 shares of Time Warner Inc which is valued at $20,285. Read More

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PM May says Britain already has a good visa system with India

May and Modi will also launch a partnership on smart cities and urban development which could generate business worth up to £2 billion for British firms over the next five years, her office said . According to British media, the number of Indian students halved in British universities in past year. "Both leaders agreed there is substantial scope for further strengthening of bilateral cooperation across a range of sectors, including science and technology, finance, trade and investment", ... Read More

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Utah Police ID Officer Fatally Struck by auto

Utah Police ID Officer Fatally Struck by auto

The officer, whose name has not been released, died at the scene. They fled in the vehicle while police chased them. Brotherson has been with a police officer with West Valley City since 2014. Responding officers immediately called for medical assistance to attend to Brotherson, to no avail. After hitting Brotherson, the vehicle proceeded westbound on 4100 South until it left the road and came to rest north of the roadway. Read More

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