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BOJ tweaks policy, but keeps negative interest rate unchanged

The Fed's preferred measure of inflation remains low at 1.6 percent and has been below target for more than four years. Many expect the Fed will likely wait until December before increasing rates. "There will be higher investment demand for gold as a result of the Bank of Japan's decision", said Chintan Karnani, chief market analyst at Insignia Consultants.

Business

China Lashes Out at Japan's South China Sea Plans

The spokesman accused Japan of meddling in a situation that ought to be resolved via "direct negotiation between involved parties". Last week, Japanese Defense Minister Tomomi Inada said that Japan would increase engagement in the disputed waters, to support USA attempts to impose freedom of navigation patrols in the region.

Business

As Trump rises, Clinton struggles with traditional campaign playbook

He was speaking at High Point University in North Carolina. The Republican presidential nominee said it's Clinton whose policies as secretary of state allowed the militant group to rise. "We've heard that from former Central Intelligence Agency director Michael Hayden, who made it a very clear point when he said Donald Trump is being used as a "recruiting sergeant" for the terrorists", Clinton said.

Business

Brent, NYMEX crude up sharply as API reports sharp fall in stocks

The only sizable buildup came in distillate fuel oil - used for diesel and heating oils - which grew by 2.2 million barrels. Overnight, oil prices extended overnight losses in North American trade on Tuesday, dropping to the lowest level in almost six weeks.

Business

Aid group: Syria strike hit mobile unit not medical facility

The ceasefire was part of a US-Russia deal to halt fighting across Syria and bring in humanitarian aid to desperate civilians, especially in divided Aleppo. Moscow backs Syrian President Bashar Assad's government; Washington supports what it deems "moderate" rebels. Kerry agreed the deal despite scepticism among other senior USA administration figures, and has acknowledged that it is fragile and uncertain.

Business

FDA Approval Leads 75% Rise in Sarepta (SRPT)

The analyst said in another report this morning that the commercial launch of eteplirsen (Exondys 51) is "imminent, as the drug maker's management said on their conference call that they've been prepared to launch it for six months". THE powerful US Food and Drug Administration ( FDA ) has given the green light to a drug developed by WA researchers Sue Fletcher and Steve Wilton for treating Duchenne muscular dystrophy .

Business

Interim Viacom CEO to leave, dividend lowered

Shari Redstone became embroiled in a very public battle over the company's future with Dauman, who had accused her of taking advantage of her father's poor health and grabbing for control of Viacom . Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The media company, which owns cable networks Nickelodeon, MTV and Comedy Central, halved its dividend to 20 cents per share from 40 cents as it looks to pay down debt.

Business

SEC accuses hedge fund manager Cooperman of insider trading

The SEC alleges that Cooperman, 73, traded on non-public information in the summer 2010 he learned from a corporate executive at Atlas Pipeline Partners before the sale of its natural gas processing facility in Elk City, Oklahoma. The SEC says a year and a half ago after Cooperman and his hedge fund Omega Advisors found out that it was being investigated by the SEC , he tried to cover his tracks.

Business

Share Rating and Recommendation Recap: KB Home (NYSE:KBH)

LOS ANGELES (AP) _ KB Home (KBH) on Tuesday reported fiscal third-quarter earnings of $39.4 million. Buckingham Research downgraded KB Home from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company.in a research note on Monday, July 18th.

Business

Chicago Bears QB Jay Cutler has sprained right thumb

The injury is believed to have occurred on a sack that resulted in a fumble, but Cutler remained in the game long enough to throw a crippling interception. Along with the injury, Cutler got an earful from injured Bears linebacker Pernell McPhee. "Medical people come to you and say he can't go, then he can't go", Fox said.

Business

US Fed unlikely to raise rates, say experts. Indian markets trade higher

The BOJ said it would continue to buy long-term government bonds at a pace that ensures its holdings increase by 80 trillion yen ($781 billion) per year. Though its recent foray into negative interest rates was deeply unpopular it could push deeper, especially if confronted with a shock from the Federal Reserve or another quarter.

Business

1400 investor lawsuits seek 8.2 billion euros from VW

Investors are alleging they suffered damages because the company was slow in disclosing the issue. Lawyers have said the courts may eventually find that investors had one year to file suit after the EPA announcement; the anniversary fell on a Sunday, leaving Monday as the possible deadline and leading some plaintiffs to file in order to be on the safe side.

Business

Wells Fargo feeling the heat over fraudulent transactions by its employees

Regulators said the bank's employees engaged in a "widespread illegal practice" by secretly opening more than 2 million deposit and credit card accounts that may not have been authorized by customers to meet sales goals. Likewise, Wells Fargo CEO John Stumpf tells the Wall Street Journal "there was no incentive to do bad things". Even U.S. Treasury Secretary Jack Lew weighed in on the Wells Fargo scandal, calling it a "wake-up call".

Business

Andros Townsend: Crystal Palace are focussed after transfer 'uncertainty'

Is it too early to say they're already doomed? "The Premier League is about small margins". Despite his team creating so little, Marko Arnoutovic was Stoke's liveliest player, and his driven cross was easily defended by the home side as not one away player was in the box.

Business

Yen Jumps Despite New BOJ Easing; Dollar Slips Ahead of Fed

Exports to China in August fell almost 9 percent from a year earlier while exports to the U.S., Japan's biggest single overseas market dropped 14.5 percent. "There is no realistic chance of a rate hike priced into the market at the moment, so if the Fed hikes interest rates this evening we would definitely see a sell-off in commodities and the emerging markets, including gold", said Jeffrey Halley, senior market analyst at OANDA.

Business

USA proposes regulators have more say in self-driving auto design

President Barack Obama expressed support for the plan in an op-ed for the Pittsburgh Post-Gazette, saying that self-driving cars could help reduce the more than 35,000 deaths that occurred past year on American roads. "This new policy comes with a lot of bark, but not enough bite", Marta Tellado, President and CEO of Consumer Reports , said in a statement . In some self-driving systems, it can be hard to understand why a vehicle made a certain decision, such as whether to brake or not.

Business

3 things to watch for from the Federal Reserve on Wednesday

The yen fell to 5-day lows of 114.39 against the euro and 104.76 against the Swiss franc, from an early more than 5-week high of 112.51 and almost a 2-1/2-month high of 103.09, respectively. "Other central banks, the ECB especially, will take close note". Doubts about the sustainability of the market's moves crept in quickly, particularly for the yen, which reversed direction against the dollar hours after the BOJ decision.

Business

Want to watch the presidential debates? Just head over to Twitter

You'll be able to watch Donald Trump and Hillary Clinton mix it up in the 2016 US presidential debates this fall on Twitter - alongside a real-time tweet-stream of reactions and commentary. Making it easy for users to watch the debate from Twitter, and not even need to use their TV or cable box. Twitter is touting its role in modern politics as part of the reason it's the ideal platform for this, since it says tweets related to the Democratic and Republican primaries earlier this year ...

Business

Ford moving all production of small cars from USA to Mexico

Low gas prices have Americans preferring larger vehicles, especially pickup trucks and higher-riding SUVs and crossover vehicles for their personal use. "It used to be cars were made in Flint and you couldn't drink the water in Mexico". That month, a new $1.6 billion Mexican assembly plant was announced , and Ford indicated it would create 2,800 Mexican jobs.

Business

U.S. Releases Guidelines For Driverless Cars

The Obama administration has encouraged companies such as Tesla, Google, Apple, Ford, and other automakers and suppliers, to provide innovative and safe technologies to the nascent self-driving technology arena. Although there is still a driver in the front seat, for situations that the technology is not yet capable of handling. Announcing a 15-point safety assessment for driverless vehicle systems, Foxx stressed that the government wants to work with developers - which include most large ...

Business

Trump Wants to Tap Peter Thiel for Supreme Court

Then again, that second source "has not spoken to Trump directly about Thiel being nominated to the Court", and reminded the Huffington Post that "Trump's offers often fail to materialize in real life". In fact, Trump has, "made it clear he will nominate ", Thiel. If nominated and confirmed, he would be the first openly gay member of the Court. But as the Huffington Post noted , Trump said the list was only meant to be a "guide" - not a definitive list.

Business

Five French medical charity staff killed in airstrike in Syria

The convoy attack and the declaration by the military were the strongest signs yet of the gradual unraveling of a broader agreement between Russian Federation and the United States aimed at restarting peace talks to end the conflict in Syria, which has killed an estimated 500,000 people and displaced millions.

Business

EU unveils new plan to scrap mobile roaming charges

They fear that once the new plan takes hold, people might buy cheap services or SIM cards in another European country, and then use them at home. In its revised plan, the commission said "there should be no limits in terms of timing or volume imposed on consumers when using their mobile devices overseas in the European Union".

Business

Oil output freeze deal may last one year: Opec chief

Oil prices reacted to comments of Venezuela's Oil Minister Eulogio Del Pino that global production is at 94 million barrels per day, while it is needed to reduce the volume by 9 million barrels per day to sustain the level of consumption. "Whether you make a statement on, say, the intention of Saudi Arabia freezing (production) or such like, how long will it actually change market dynamics?" Brent crude, the global benchmark, fell by $0.37 to trade at $45.58 per barrel, while the WTI grade ...

Business

Trump rips Ford's move to shift United States small-car production to Mexico

Chief executive Mark Fields told a meeting in the company's base of Michigan, US, of the intention to move operations out of the country, unexpectedly provoking a reaction from Republican presidential candidate Donald Trump. Ford now makes its Fiesta subcompact in Mexico. "This transaction is an absolute disgrace", Trump said in an April statement , according to CNBC .

Business

Bank of Japan Policy Tinkering Explained

A rate hike is coming, on that I have no doubt - I think calls for a one-and-done policy move from the Fed are overly pessimistic - but to raise rates this close to an election this divisive would be a very unusual move from an extremely cautious set of central bankers.

Business

Inside the Bank of Japan's latest pro-growth push

Under the new framework, called "quantitative and qualitative monetary easing with yield curve control", the BOJ will continue to buy JGBs roughly at the current pace of ¥80 trillion a year for the time being. It's a new bid to drive inflation and growth, and weaken the yen. It also committed to an overshoot of its elusive 2 percent inflation target. The base money target had been the cornerstone of the BOJ's easing policy that aimed to shock the public out of deflation and spur higher ...

Business

Odisha Assembly begins on a stormy note, House adjourned

The treasury bench members shouted slogans against the Chhattisgarh government and Centre over the Mahanadi issue and sought President's intervention over the matter. "People of Odisha should spit on those who have not learned how to give respect to national anthem". The ruling BJD has been alleging that the Polavaram project will submerge parts of Malkangiri and Rayagada and cause displacement of many primitive tribes in these tribal dominated districts.

Business

Asia week ahead: It's all about the central banks

Among other major currency pairs, the Japanese yen strengthened against the USA dollar to a session high of 101.92, compared with levels near 103.29 on Wednesday afternoon local time. Futures traders are now pricing in a 12 percent chance of a USA rate increase this month, down from 15 percent on Wednesday, according to the CME Group's FedWatch tool .

Business

CUTE ALERT: Puppies add paw-dorable touch to couple's wedding

Rescue dogs are a big part of the couple's life - Sarah is a board member at Pitties Love Peace , a local non-profit organisation that aims to provides a safe haven for pit bull and pit bull mix dogs. You can find out more at the Pitties.Love.Peace Facebook page. These pups are close to her heart. The post This wedding party held rescue dogs instead of bouquets and the reason is giving us so many feels appeared first on HelloGiggles.

Business

European Central Bank lowers 2017 growth and inflation forecasts

Draghi could indicate Thursday that the bank is ready to extend the bond-buying program. Under the programme, the European Central Bank does not buy bonds with a yield below the deposit rate of minus 0.40 percent. BONDS AND CURRENCIES: Bond prices fell. Bigger changes could involve the purchase of new types of assets, like bank bonds, non performing loans or in the extreme case, stocks.

Business

Donald Trump, Hillary Clinton spar over response to bombings

Democratic presidential candidate Hillary Clinton speaks with members of the media at Westchester County Airport in White Plains, NY on September 19, 2016. The incidents, just days after the 15th anniversary of the September 11, 2001, attacks, put the United States' most populous city on edge. A news agency linked to the Islamic State claimed that the Minnesota attacker was "a soldier of the Islamic State".

Business

BOJ overhauls policy framework, sets yield curve target

Global stock markets are rising, oil prices are up and central banks are throwing their weight around. But the BOJ held off on deepening negative interest rates or expanding its asset purchase target, saying the modification was aimed at resetting its stimulus program for a protracted battle to hit and then keep to its 2 percent inflation goal.

Business

German Goalkeeper Arrested After Conceding 43 Goals In One Match

According to The Sun , Vonderort is a new team that "largely is made up of refugees from Syria, Iraq and Guinea". Kwiotek only went on to concede a mere eight goals after the interval, but that didn't stop two policemen turning up to Vondervort's training pitch five days later to talk to ask the beleaguered 'keeper a few questions about his individual performance.

Business

OECD cuts forecast for Canadian economic growth, trims global outlook

However, today the think-tank said growth next year will be be hit by the Brexit vote - and predicted a slowdown to one per cent. The thinktank said it was still predicting a sharp slowdown in the economy, but that this would not happen until 2017.


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