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Hungary PM says European Union should deport all illegal migrants: website

Viktor Orban suggested they should be "rounded up and shipped out" to "an island or some shore of North Africa" where they can make their asylum applications. "Some imagine a globe without borders.I am one of those who would not like to see the civilization of the world change". United Kingdom cities which have been highlighted include Southampton and Peterborough whilst Paris, Berlin, Marseille, Stockholm and Copenhagen have also been flagged up.

Business

BC numbers show drops in foreign property buyers since targeted tax

The Ministry of Finance figures show an nearly total collapse in the foreign buyer real estate purchases in Metro Vancouver, from 1,974 sales valued at $2.3 billion during June 10-Aug.1, to only 60 sales worth $46.9 million. The B.C. government plans to release real estate data on a monthly basis in the future. In contrast, the period of August 2-31 saw 60 transactions in Metro Vancouver that involved foreign nationals.

Business

Stocks jump as Fed soothes nerves

The yield on the 10-year Treasury note fell to 1.66 percent. Adding some support for the Fed to raise rates later this year, a report showed number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low.

Business

TSX jumps 1.3 percent as Fed holds steady, gold miners surge

Markets in Asia were higher on Thursday, as uncertainties around key central bank decisions melted away for the moment, with both the Bank of Japan and the US Federal Reserve standing pat on rates on Wednesday. The Fed also projected a less aggressive rise in interest rates next year and in 2018, and cut its longer-run interest rate forecast to 2.9 percent from 3.0 percent.

Business

Montana Farmers Union wary of possible Monsanto-Bayer merger

In a conference call with worldwide press, officials from both companies discussed their vision for creating a leading global ag company and being an "innovation engine for the next generation of farming". "These barriers slow down innovation and drive up the cost of seed and chemicals". First, they will eliminate head-to-head competition in markets for certain crop seed and chemicals.

Business

India calls Pakistan 'terrorist state' at UN debate

Sharif said that Hizbul militant Burhan Wani, whose killing on July 8 sparked off the current unrest in the Kashmir valley, had become "the symbol of the new Kashmiri intifada that was led by common Kashmiris". Amid speculations in Pakistani media that India may launch surgical strikes, Pakistan's stock markets on Thursday witnessed a sharp decline, with the Karachi Stock Exchange (KSE)-100 benchmark index dropping a massive 569 points to close at 39,771 points.

Business

Fed keeping rates same for now

In its statement , the Fed said its policy committee concluded that "the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives".

Business

Tesla updates software to improve radar

This will only affect the cars with radar which are those made after October 2014. It has been created to function as a supplementary sensor to the primary camera and image processing system which powers the Autopilot feature. The company also offers electric vehicle powertrain components and systems to other manufacturers. They're also said to have 700 horsepower. The renowned visionary also revealed in a separate tweet that his favorite new feature that comes with the update is the ...

Business

Wells Fargo chief gets chewed out on Capitol Hill over account scandal

Stumpf was called before the committee for betraying customers' trust in a scandal over allegations that employees opened millions of unauthorized accounts to meet aggressive sales targets. Under the settlement, Wells Fargo neither admitted nor denied the allegations. When Maddow asked Warren why she had made a decision to grill the CEO, Warren responded, "Why not?" Still, the main problem with the fake accounts were the employees, and not the executives supervising them.

Business

United Nations resumes Syria aid delivery with convoy to besieged area

In spite of all this, rather than abandon the cease-fire, Kerry today urged the Syrian regime to adhere to its terms, calling for the grounding of all regime aircraft. But "the regime's attempts to advance failed", said the rebel, speaking to Reuters from the Aleppo area via the internet. As the medics deployed, planes circled around and struck the area again, Dr.

Business

American Electric Power Co., Inc.'s (AEP)

For the year to date it is 20.08%, so does a target price of 24.5 seem reasonable? The rating firm gave a Buy rating to this stock in a research note on Jul 26, 2016. 10/28/2015 - Portland General Electric Company was downgraded to "underweight" by analysts at JP Morgan. Korea Electric Power Corporation has been the topic of 2 analyst reports since March 7, 2016 according to StockzIntelligence Inc.

Business

U.S. DOT initiates regulatory framework for autonomous trucks

The policy will use current regulatory rules to aid the development of safe vehicles by allowing flexibility in design and allowing limited exemptions for testing "nontraditional vehicle designs". The fantasy of autonomous vehicles Is indeed here, Uber - a ride-hailing service began offering free rides in Pittsburgh in self-driving cars. NHTSA said it plans to propose a requirement that automakers report to regulators on the results of their testing of self-driving vehicle systems.

Business

Clinton leads Trump by 6 points in nationwide poll

In Nevada, North Carolina and OH, new polls by Fox News showed Trump leading, although narrowly. The NBC News|SurveyMonkey Weekly Election Tracking poll was conducted online September 12 through September 18, 2016 among a national sample of 14,326 adults who say they are registered to vote including 13,320 likely voters.

Business

Colonial says gasoline line safely restarted after leak

South Carolina's regular gas rose almost 4 cents from Monday to Tuesday and almost 18 cents from a week ago. The leak, which was discovered on September 9, released about 6,000 to 8,000 barrels (252,000-336,000 gallons) of gasoline in Shelby County, Alabama.

Business

Ex-Brazilian finance chief Mantega arrested in fraud probe

Rui Falcao, the chairman of the Workers' Party, said that arresting Mantega just as his wife was to enter the operating room was "inhumane". News of Mantega's arrest came just two days after a judge leading part of the investigation into the scandal accepted charges against Lula for allegedly accepting bribes from a construction company linked to the Petrobras case.

Business

The Asian stock market is bouncing back

Hong Kong's Hang Seng inched up almost 0.2 percent to 23,254.03. Brainard, who has consistently voted against an increase, said during a speech in Chicago a rise this month could put the USA economic recovery in jeopardy and exceeded the risk that higher rates would increase inflation, according to BBC News.

Business

Trump cuts Clinton's lead in California

Bondi on Tuesday for the first time directly answered questions about the 2013 donation from Trump's family foundation. Clinton said her health is fine after taking three days off from campaigning last week to recover from what her doctor said was a mild case of pneumonia.

Business

Chevy Bolt price revealed: here's how much you'll pay for all-electric fun

Indeed, the Bolt looks like it will be the first practical EV, offering not only an affordable price, but enough range to meet most everyone's day-to-day needs. It gets better: the U.S. Environmental Protection Agency (EPA) has rated the Bolt at over 230 miles in range. General Motors, as promised has managed to keep the pricing of the auto in the $30k price bracket.

Business

Dalai Lama mimics Donald Trump, and it's hilarious

In an interview with Piers Morgan, the Tibetan Buddhist leader, one of the world's highest-profile political exiles, said those who have left to escape fighting and disorder in countries like Syria and Libya should focus on bringing peace to their homelands.

Business

Fed chair: One rate hike 'appropriate' this year

It added: "Near-term risks to the economy appear roughly balanced". For the first time since late past year, Fed policymakers see the risks to the economy as "balanced" justifying their opinion that the case for a rate hike has strengthened .

Business

Janet Yellen: I would expect to see a rate hike this year

In its updated forecasts, the Fed lowered its expectation for the long-range level of its benchmark interest rate to 2.9 percent from 3 percent in June and 3.5 percent before then. All of them favoured an immediate move to raise rates. "The economy has a little more room to run". "In a nutshell, the recent economic news has been OK, but not quite good enough", Paul Eitelman, an investment strategist at Russell Investments, wrote in a research note Wednesday.

Business

Warren Skewers Wells Fargo CEO for Greed and 'Gutless Leadership'

The fake accounts were created without the knowledge nor the permission of the customers and, to make the situation even more outrageous, Wells Fargo stonewalled their client's inquiries and complaints. "If it was you wouldn't need to squeeze your employees so hard", she said. Other lawmakers said bank employees have told them they feared for their jobs if they didn't meet quotas, that managers sometimes required them to work Saturday phone banks if they were coming up short, and that they ...

Business

Brazil's ousted leader defends predecessor against charges

The Brazilian people and the global community know that we facing a process with marked cards, underlined the institution in a communiqué published on Tuesday night, shortly after Federal Judge Sergio Moro accepted the denunciation presented by prosecutors in the anticorruption operation Lava Jato against the ex president.

Business

European shares touch 2-week high as Fed keeps rates unchanged

Late on Wednesday evening, the Fed signalled that it could still increase rates before the end of 2016, provided there is an improvement in the labour market. On Wednesday, the Fed lowered projections for the path of interest rates, while the Bank of Japan shifted the focus of its stimulus to controlling bond yields.

Business

US average 30-year mortgage rate declines to 3.48 percent

The average 30-year fixed rate mortgage (FRM) is expected to come in at 3.6 percent for the whole year of 2016, according to Freddie Mac's forecast. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Annual Report on Form 10-K for the year ended December 31, 2015, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor ...

Business

Foreign Minister hails Clinton Global Initiative

A Washington Post-ABC News poll last week showed that about 6 in 10 Americans - 59 percent - think Hillary Clinton's State Department did "special favors" for Clinton Foundation donors. The Clinton Global Initiative has plans to eliminate the positions of dozens of employees by year's end in anticipation of Hillary Clinton's November win to take the White House.

Business

Trump on birtherism: 'We wanted to get on with the campaign'

Oz's show last week to disclose more - but there's little reason besides his age (70) to believe he's not in good health. A new Monmouth University poll Wednesday shows the Democratic presidential nominee leading Donald Trump in the Granite State by 9 percentage points.

Business

Mylan CEO takes lumps before Congress on EpiPen price

Bresch was also seemingly unprepared for numerous committee's questions; the embattled chief executive didn't come with the information about the company's revenue and patient assistance programs that Congress previously requested. The actual numbers, of course, depend on how available Mylan makes the generic to consumers. "That's what Martin Shkreli did, that is what Valeant did, and that is what Mylan is doing", he said at the hearing.

Business

Fed keeps rates unchanged, signals 2016 hike still likely

Over the summer, when everyone seemed certain that the Fed was going to raise rates in September, Schiff was telling CNBC the Fed is only "bluffing". In addition, the Fed lowered its US economic-growth outlook to 1.8% in 2016 from a 2% estimate in June. Participants now see the US economy growing 1.8 percent in 2016, down from an estimate of 2.0 percent in June.

Business

At Wells Fargo, workers say, sales focus was all-consuming

The hearing , which a committee spokeswoman said would be held on September 29, follows one by the Senate banking panel on Tuesday at which Chief Executive John Stumpf was criticized for his failure to properly answer questions about the matter.

Business

Finance Ministry Raises Serious Concerns Over Moody's Rating Methodology

We are continuously monitoring the rating. Credit rating agency Moody's on Tuesday adopted a more cautious view of India's growth, tempering down the upbeat forecast they made for public sector banks earlier, indicating that muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

Business

Fed Stays Pat but Hike This Year Still On the Cards

The US dollar was kicked in the teeth by the FOMC statement and its projections: 88% of the market patted themselves on the back for guessing correctly that the Fed would leave rates unchanged. Now the focus will shift to December as the Fed's likely last chance to raise interest rates in 2016 - a move that depends on how the economy, inflation and markets fare in the months surrounding a contentious presidential election.

Business

U.N. resumes Syria aid delivery after attack

Why the war of words over aid convoy attack? . On Wednesday, US Secretary of State John Kerry and Russian foreign minister Sergei Lavrov blamed each other at the United Nations for violating the agreement. "Today, UOSSM lost four of its members and the life of one nurse is hanging by a thread", said Dr Ziad Alissa, the head of UOSSM's branch in France.

Business

Setback for Barca as injured Messi sidelined for three weeks

A statement on Barcelona's website said the Argentina global would miss the league games against Sporting Gijon and Celta Vigo and the Champions League clash against Borussia Monchengladbach. "He gave us power in the midfield to counter better in the last few minutes with [Fernando] Torres, [Antoine] Griezmann and Correa", the Argentine coach said.

Business

Tesla Motors' Musk heralds 3-times improvement in safety

Now, in an effort to end such software problems, Tesla's incoming Autopilot 8.0 software update will overhaul how its radar systems and camera work in detecting potential hazards for the vehicle and pedestrians nearby. The automaker's vehicles now use the primary camera and image processing system ahead of the in-built radar. Previously Autopilot prioritized camera data, with the radar serving as a supplementary sensor only, though this was insufficient in the case of the Florida crash due to ...


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