Finance

Hillary Clinton has cancelled a campaign trip to California while she recovers from pneumonia , a campaign official has said. "It's a handsome day in NY". The most notable events in Clinton's medical record included deep vein thrombosis - or a blood clot, usually in the leg - in 1998 and 2009, a broken elbow in 2009 and a concussion in 2012.
  • Hanjin bankruptcy filing causes global shipping crisis, retail fears

    Hanjin bankruptcy filing causes global shipping crisis, retail fears

    Finance

    The new restrictions follow others that took effect Wednesday, banning any inbound cargo from Hanjin, as well as any Hanjin containers for export, at any of the port's marine or intermodal terminals. After that deadline, any of the company's arriving containers will be rejected. Another was seized in Singapore late Monday. Kim Byung-hoon, a director at the KITA, said the association had confirmed that about 10 Hanjin vessels also had been turned away from Chinese ports or were waiting ...
  • Markets mostly down but Tokyo soars on weak yen

    Markets mostly down but Tokyo soars on weak yen

    Finance

    Crude oil prices edged higher on Tuesday but the gains were limited as ongoing oversupply worries and fading hopes of an agreement being reached to cap production at an upcoming informal meeting of oil producers weighed on the commodity. economic growth in the third quarter. On Wall Street on Tuesday, markets logged losses, dragged down by shares of Apple Inc after antitrust regulators ordered the company to pay about US$14.5 billion in back taxes to the Irish government.
  • Yellen Signals Early Rate Increase on Strength of Economy

    Yellen Signals Early Rate Increase on Strength of Economy

    Finance

    Speaking today at a symposium in Jackson Hole, Wyo., Yellen sought to detail the thought process within central bank's policymaking Federal Open Market Committee (FOMC) on whether to move forward with another rate hike. Another possibility is after the Fed meeting in December. The dollar eased to 100.47 yen from 100.55 yen Thursday in NY, while the euro nudged up to US$1.1291 from US$1.1281.
  • Weekly Jobless Claims Now Under 300000 for 79 Consecutive Weeks

    Weekly Jobless Claims Now Under 300000 for 79 Consecutive Weeks

    Finance

    With the unexpected decrease, jobless claims fell to their lowest level since hitting 252,000 in the week ended July 16th. The prior week's reading was unrevised at 263,000. As usual, the Labor Department said that no special factors had an impact on this week's initial claims. The Labor Department reported Wednesday that job openings rose 4 per cent in July but hiring blipped up just 1 per cent.
  • Telecom lobby COAI addresses issues with Reliance Jio to PMO

    Telecom lobby COAI addresses issues with Reliance Jio to PMO

    Finance

    An ongoing dispute involving Reliance Jio and incumbent telecom operators such as Airtel, Vodafone and Idea over inter-connecting points was discussed in a meeting held with the telecom regulator authority of India (Trai). Jio has requested TRAI to take action against incumbent telecom operators for purportedly denying adequate capacity leading to call failures in its network during the trial run.
  • Micro Focus to buy HP's software unit for £6.6bn

    Finance

    It plans to focus on hybrid IT, or the combination of in-house and cloud-based information technology services. He further added that execution would now be more important than ever before for the company. The Palo Alto, California, company said Wednesday that the spun-off software businesses - they include big data, security for big companies and IT operations management units - will merge with United Kingdom software company Micro Focus International PLC.
  • Hammond - considering whether fiscal response to Brexit needed

    Hammond - considering whether fiscal response to Brexit needed

    Finance

    But while the Government appears happy to signal bankers would be exempt from the curbs to the free movement of people, Ms May is yet to reassure European Union migrants, living within the United Kingdom, whether their legal status will remain the same following Britain's exit from the EU.
  • Walgreens prepares to dump stores to get Rite Aid deal OK

    Walgreens prepares to dump stores to get Rite Aid deal OK

    Finance

    The company has a market capitalization of $89.63 billion and a PE ratio of 28.61. (NASDAQ:WBA) have received a consensus rating of "Buy" from the twenty-two research firms that are presently covering the stock. Overweight rating was issued by 3 analysts and Underweight rating was recommended by 0 analysts. A number of Wall Street analysts stated their opinion on the stock.
  • Judge gives temporary OK to protect Hanjin Shipping in US

    Finance

    Samsung Electronics Co., the world's biggest smartphone maker, said about $38 million of its goods and parts were on board two vessels operated by the distressed Hanjin Shipping Co., which applied for bankruptcy protection last week. Last week, creditors led by the Korea Development Bank rejected a Hanjin Group proposal to rescue the shipping firm by spending $447.2 million, far short of Hanjin Shipping's debts of more $5 billion.
  • Pope Francis declares Mother Teresa a saint

    Finance

    The canonization was the highlight of Francis' Holy Year of Mercy and may come to define his papacy, which has been dedicated to ministering to society's most marginal, from prisoners to prostitutes, the refugees and the homeless. He said that during the journey "her life's course changed forever". "For me, it was just the end of a dream come true", Brennan said. "But when I prayed to Mother Teresa from my heart, Mother Teresa blessed me and now I am healthy", Besra told CNN last week.
  • Tim Cook: Apple could move billions back to US next year

    Tim Cook: Apple could move billions back to US next year

    Finance

    Apple has always been about doing the right thing, never the easy thing". Cook was speaking in an interview with the Irish Independent just days after the EC demanded that Apple pay the Irish government some €13bn in back taxes. Cook told the Irish Independent that the Commission's ruling would not deter Apple's Irish expansion. The Government still has not decided if it will appeal the Apple ruling.
  • Oil minister: Iran backs OPEC moves geared toward stability

    Finance

    Iran has said it would cooperate in talks to freeze output only if fellow exporters recognised its right to regain market share after the lifting of global sanctions in January under a nuclear deal with six major powers. Iran has thus far refused calls by some OPEC members and Russian Federation for a freeze on oil production. Non-OPEC member Russian Federation is also expected to attend the IEF.
  • US Coast Guard searches for cruise ship passenger in Bahamas

    US Coast Guard searches for cruise ship passenger in Bahamas

    Finance

    Coast Guard officials identified the woman as 32-year-old Rina Patel from Interlaken, New York. The Carnival Ectsasy's last port of call was in Nassau on Tuesday. USCG remains on site to continue the search. A statement from the cruise company said emergency procedures were initiated immediately and the crew began to search for the woman.
  • Trump rebukes racism claims as Clinton warns of radicalism

    Finance

    If Trump is bleeding previously-Republican voters in one of the more conservative-leaning Jewish constituencies in America, just two months before election day, it spells trouble for him nationwide. Hillary Clinton and Donald Trump clashed on Thursday over who would make a better USA president for minority voters, accusing each other of posing a threat to the interests of blacks and Latinos.
  • Tesla's new model as fast as a Ferrari or Porsche

    Finance

    The 2017 Bolt electric vehicle, manufactured by General Motors Company (GM), has a 60 KwH battery with an estimated range of 200 miles. A Tesla Model S P100D equipped with "Ludicrous" mode will now go from zero to 60 miles per hour (zero to 96 km/h) in 2.5 seconds, Musk said.
  • Carlson settles lawsuit against Ailes for $20 million

    Finance

    On Thursday night, I made my decision and informed FOX News of my decision that I was leaving FOX News Channel per my contract. She will be temporarily replaced by Hume, a senior political analyst. And now Harder may be working with Ailes, who is said to be consulting for Trump. Sherman also revealed that Ailes allegedly increased his surveillance and retaliated if he found something that angered him.
  • US services firms register slowest growth since 2010

    US services firms register slowest growth since 2010

    Finance

    Readings above 50 indicate expansion. The index has run above the 50 threshold for 79 straight months. In terms of economic data, the back to work season certainly isn't starting off on the right footing as today's ISM Non-Manufacturing report came in significantly weaker than expected.
  • EOG Resources to buy Yates Petroleum in $2.5 bln deal

    EOG Resources to buy Yates Petroleum in $2.5 bln deal

    Finance

    EOG is planning to maintain the Yates office in Artesia to support the newly combined operation. The transaction is expected to be closed in early October. EOG is welcoming Yates' 300 employees and will continue the company's decades-long presence in southeastern New Mexico. EOG plans to begin drilling on the Yates acreage later this year and add rigs in 2017.
  • UK survey shows business activity rebounds in August

    UK survey shows business activity rebounds in August

    Finance

    While July's decline had been largely attributed by companies to heightened political and economic uncertainty following the UK's June 23rd vote to leave the EU, August's increase reflected a marked improvement in sentiment. While the overall picture is one of steady but sluggish 0.3% growth in the third quarter, the revised figures indicate that the economy is losing rather than gaining momentum .
  • Asian Stocks Rise as Tepid Jobs Report Stokes Low Rate Hopes

    Asian Stocks Rise as Tepid Jobs Report Stokes Low Rate Hopes

    Finance

    Energy and mining companies led gains as Brent crude oil jumped more than 5% before paring gains. The dollar fell as disappointing jobs growth in the USA weakened the case for a Federal Reserve interest-rates increase this month. The eurozone's composite services PMI, meanwhile, was revised slightly lower. In morning trade the dollar bought 103.94 yen from 103.99 yen in NY and sharply up from 103.60 yen in Asia earlier Friday.
  • ED attaches Mallya's assets worth Rs 6630 cr

    ED attaches Mallya's assets worth Rs 6630 cr

    Finance

    On Saturday, senior counsel Amit Desai sought further indulgence from the court for Mallya who is in United Kingdom who he said was working out measures to pay his service tax and other liabilities and had even sold his aircraft for nearly Rs 30 crore.
  • State Health Insurance Rates To See Increase

    Finance

    In Delaware, Gavin Braithwaite and his wife Lou are facing a proposed 32.5% increase in their Highmark Blue Cross Blue Shield plan for 2017, which is especially painful as it comes on top of a more than 55% increase in 2016 and a almost 24% hike in 2015.
  • Global stocks cheer potential dovish Fed; dollar gains

    Global stocks cheer potential dovish Fed; dollar gains

    Finance

    Economists polled by Reuters had forecast payrolls rising 180,000 last month. That took a Fed rate hike in September off the table, but kept the door open for a rate increase this year at the USA central bank's meeting in November or December, analysts said.
  • Vodafone and Idea Cellular trim down 4G tariff to compete with Jio

    Vodafone and Idea Cellular trim down 4G tariff to compete with Jio

    Finance

    As the nation is gearing up to witness the Jio Welcome Offer announced by the Reliance Jio Infocomm Limited ( Jio ), Bollywood celebrities have also joined the nation in welcoming the service. The infocomm has forced other companies to rethink their strategy for the upcoming 4G auctions. "RJio has disrupted industry pricing more than we imagined, with consequences for incumbents likely more hard than we expected", said George, who trimmed his price target on Bharti Airtel to 290 rupees ...
  • Ireland to join Apple in fight against European Union tax ruling

    Finance

    There is no chance of the Government being defeated as Fianna Fail also favours challenging European Competition Commissioner Margrethe Vestager's ruling that Apple's low tax arrangements in Ireland constitutes illegal state aid. Yet the order is very bad policy that would be bad not only for Apple but Ireland and, bizarrely, US taxpayers. What do you think about the large tax bill sent to Apple? The EC found that Ireland gave up a lot, too.
  • Yellen suggests rate hike is coming

    Yellen suggests rate hike is coming

    Finance

    As a result, the equity, bond and rupee markets are likely to see a relief rally on Monday. "She offset a possible hawkish near-term rate hike with a more palatable long-term outlook", said Ward McCarthy, a managing director at Jefferies.
  • Justin Trudeau is now officially a superhero

    Justin Trudeau is now officially a superhero

    Finance

    Trudeau also used a speech Thursday night in Shanghai to call on China to do more to promote and protect human rights. Today's meetings emphasized the importance of building relationships with global partners over time that result in new opportunities for the middle class and those working hard to join it.
  • M20 bridge collapse: Motorway partially reopens after footbridge debris is cleared

    Finance

    Highways England said the M20 closure would be in place for "some time" as police turn queuing traffic around. A motorcyclist fell off his bike and was hospitalized with broken ribs, while the trucker was treated for shock. The incident has sparked traffic chaos on the motorway as Brits take part in the Bank Holiday getaway. No one is believed to be trapped in the rubble, however one person is believed to have suffered injuries.
  • US average 30-year mortgage rate rises to 3.46 percent

    US average 30-year mortgage rate rises to 3.46 percent

    Finance

    On Friday the Labor Department will release the official nonfarm payrolls numbers for August. The 30-year fixed rate averaged 3.49 percent, up three basis points. Research group Markit said its United Kingdom manufacturing purchasing managers' index rose to a 10-month high of 53.3 this month from a reading of 48.2 in July .
  • Ireland to appeal European Union $14.5B Apple tax ruling

    Ireland to appeal European Union $14.5B Apple tax ruling

    Finance

    She said officials used figures Apple provided to them, as well as from a U.S. Senate hearing into the matter several years ago. In the case of Apple , the claim is that it owes this amount in taxes for the period 2003-2014 to Ireland, to which, under deals negotiated in 1991 and 2007, its shadow office in Ireland paid taxes at a rate of 0.0005 percent in 2014, for example.