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Vodafone Group invests Rs 47000 crore into Indian arm

Vodafone India is expected to be the most aggressive bidder at the ensuing spectrum auction with analysts predicting that it could spend as much as Rs 16,300 crore on buying airwaves. Vodafone India also plans to use the money it recently received from its parent to retire high-cost debt, which now stands at Rs 34,500 crore and improve its quality of service.

Business

US goes winless at World Cup after loss to Czech Republic

The Kings' GM, who has built two Stanley Cup winners, said he would have done four or five things differently, most notably preparing his team to face Europe in its first game and not focus on Canada. "We need to take our medicine as a team", Tortorella said. We want to do the best we can. Canada added goals from Toews and Logan Couture to secure the comfortable three-goal win.

Business

Long Beach added to LA's bid to host 2024 Summer Olympics

The Rome bid was approved by the city assembly past year with 38 votes in favor and only six against — meaning Raggi may have to put the issue up for another vote to officially end the candidacy if she decides not to support it. According the Quartz , Rio was looking at an initial estimate of $4.6 billion, but it's probably even more than that. It was clear there was much animosity among the leaders.

Business

Florida Poll: Donald Trump Spikes 6 Points Since August

However, in the 1992 election, President George H.W. Bush lost his bid for re-election, despite the fact that the economy had rebounded by the election. What about Clinton? "Hillary no sirve", he says in his native Spanish, a phrase roughly translated as "Hillary is useless". "I don't know what I'm going to do that exactly", Trump said.

Business

Shares buoyed by miners as Fed keeps rates unchanged

Real estate companies rose as investors looked for income, as did telecom stocks, which also typically pay higher-than-average dividends. The Dow Jones industrial average gained 98 points, or 0.5 percent, to 18,392. The Fed's decision to keep rates low also caused bond prices to rise and the Us dollar to fall against other major currencies, which in turn helped boost prices of commodities, which are denominated in dollars.

Business

US Fed keeps rates unchanged

Turning to United States markets, the Dow Jones industrial average and S&P were up 0.7 percent and 0.6 percent respectively, while the dollar softened 0.7 percent to $1.1251 against the euro. The central bank said risks to its economic outlook are "roughly balanced". According to Chicago Mercantile Exchange's FedWatch tool, there is a 59.3 percent chance of rate hike at the Fed's December policy meeting.

Business

Fed keeps key rate unchanged

London's FTSE 100 advanced 1.2 percent to 6,917. On Wall Street, the Dow Jones industrial average climbed 98.76 points at 18,392.46, while the broader S&P 500 index added 14.06 points at 2,177.18. The "new framework" to strengthen monetary easing also commits the Bank of Japan to pushing past the 2 percent inflation target it set more than three years ago.

Business

U.S. rates hike 'expected by the end of the year'

A near-term focus is a meeting among officials from Japan's finance ministry, Financial Services Agency and the Bank of Japan, due to start at 0500 GMT, to discuss issues in global financial markets. And perhaps most critical for some Fed officials, inflation has yet to make significant progress in rising toward the central bank's 2 percent target range.

Business

Deutsche Bank Shares Plunge on Fears of $14 Billion US Settlement

According to a MarketWatch report , Germany's largest lender began negotiations with the DOJ yesterday regarding allegations of seriously problematic RMBS issuance and underwriting between 2005 and 2007. Deutsche Bank: Wall Street closed lower Friday in part because of a major Deutsche Bank sell-off. Other Wall Street firms that have struck similar deals include JPMorgan Chase and Citigroup.

Business

Oil Prices Fall As IEA Cuts 2016 Demand Forecast

Oil prices dropped on Tuesday, after the release of the much-anticipated report . This was smaller than the 3.8 million-barrel rise estimated by traders and analysts. U.S. West Texas Intermediate (WTI) crude futures slid 45 cents to $44.45. Baker Hughes U.S. rig count data for the week to September 16 is due on Friday.

Business

Nasdaq eyes record high after Fed stands pat on rates

Dissenting votes were cast by three members each of whom preferred to raise the target range for the federal funds rate to 1/2% to 3/4%. "Which explains why we keep revising down the rate path". The dissents from those wanting a hike this week suggested to some economists that pressure was building. At the Fed's annual symposium on August 26, Fed Chair Janet Yellen said the case for an interest rate increase had strengthened.

Business

Airbus and Boeing get United States go-ahead for $50bn aircraft deal with Iran

Additional sales would require another license , said a person familiar with the matter. An Airbus spokesman reportedly told the AP that the company's OFAC license covers 17 planes - A320s and A330s - of the company's initial deal with Iran Air .

Business

First Industrial Realty Trust (FR) Shares are Down -0.86%

Digital Realty Trust, Inc. JPMorgan Chase & Co. raised its position in Vornado Realty Trust by 8.5% in the first quarter. They now have a Dollars 40 price target on the stock. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $0.94.

Business

US rates held but could still see 2016 hike

Oil prices jumped 2% on Wednesday after a surprisingly large drop in U.S. crude inventories, and as an oil services workers strike in Norway threatened to cut North Sea output. Yellen's boilerplate response that "the federal reserve is not politically compromised" and that minutes will show that no politics were discussed does nothing to prove that committee members didn't shape their arguments and register their votes fully understanding the political impact.

Business

Yahoo confirms data breach, at least 500 million accounts affected

The company says its investigation suggests the stolen data doesn't include payment and bank account information, which it says are stored in a different system. Yahoo added that the attacker is no longer in the company's network, so if users change their passwords now, they should be safe. "As a precaution, we encourage anyone who has not changed their password in the last 12 to 18 months to do so", she said .

Business

Child Abuse Allegations Against Brad Pitt Reportedly Handed Over To The FBI

Earlier Thursday, reports from People magazine and TMZ claimed the actor was under investigation following a drunken incident on September 14. The FBI has jurisdiction over the situation because the alleged incident happened in the air while the Jolie-Pitt clan was flying from Nice, France, to Burbank, California.

Business

Trump, Clinton decry latest police shootings of black men

Following Tuesday's speech in Kenansville, North Carolina, in which Trump declared "our African-American communities are absolutely in the worst shape that they've ever been in before, ever, ever, ever", Trump made his way to Ohio. Clinton's campaign said the actors will participate in organizing events in OH on Saturday and Sunday. Earlier in the day, Trump seemed to suggest that protesters outraged by the police shootings of black men were under the influence of drugs.

Business

NuTonomy partners Grab to expand self-driving vehicle trial in Singapore

A nuTonomy safety driver and support engineer will ride in each of these vehicles to observe system performance and ensure passenger comfort and safety. Grab's app will allow select passengers to book and ride the driverless vehicles within a western Singapore district, where the vehicles are being tested.

Business

Abandoned vehicle prompts evacuation of LaGuardia terminal in New York

Travelers with their luggage walk to Terminal C as police investigate an unattended vehicle Thursday night. Port Authority confirmed they are investigating an unattended vehicle at the terminal, but did not provide further details. Videos and photos on social media showed passengers evacuating the terminal around just after 11:30 p.m. The terminal was evacuated and traffic was diverted while the investigation was ongoing.

Business

Oil Prices Fall As Venezuela Says Market Is 10% Oversupplied

Elsewhere, on the ICE Futures Exchange in London , Brent oil for November delivery turned around, gaining 88 cents, or 1.92%, to $47.76 by 10:41AM ET (14:41GMT), compared to $46.58 before the release. U.S. crude stocks have slumped since 14.5 million barrels were drawn in the week to September 2, when a storm disrupted imports to the U.S. Gulf Coast.

Business

Midnight Curfew Imposed in Charlotte; Protester Wounded Wednesday Dies

Scott was shot by a Charlotte-Mecklenburg police officer Tuesday afternoon after, officers say, he failed to comply with "loud, clear verbal commands". Charlotte police refused under mounting pressure Thursday to release video that could resolve wildly different accounts of the shooting of a black man, as the National Guard arrived to try to head off a third night of violence in this city on edge.

Business

Yahoo Says 'State-Sponsored Actor' Hacked 500M Accounts

Yahoo urges users to change their password and security questions and to review their accounts for suspicious activity. But also: "We are recommending that all users who haven't changed their passwords since 2014 do so". By creating highly personalized experiences, Yahoo assists users discover the information that matters most to them around the world - on mobile or desktop.

Business

Yahoo Reveals Breach - Does It Impact Yahoo Stores?

But Yahoo would likely not need to notify individuals affected via mail or provide them with credit monitoring services if the scope of the breach is limited to what has been described in press reports. But unprotected passwords, payment card data and bank account information did not appear to have been compromised, signaling that some of the most valuable user data was not taken.

Business

Wells Fargo CEO resigns from advisory role with the Federal Reserve

Wells Fargo fired the employees earlier this month after it was revealed the bank had created over two million fake checking and credit card accounts without customer knowledge. Fellow Senate Finance panelist and Democrat Jon Tester told Stumpf , "You have done something I've never seen in 10 years: You have united this committee - and not in a good way".

Business

Gold holds biggest gain in 2 weeks after Fed

The Federal Reserve said the economy has gotten a bit stronger after some shaky results in the spring, and that the argument for raising interest rates has also gotten stronger. The market-friendly Fed rate decision pushed down yields on USA government bonds . "The looser for longer message from the Fed and the lowering of the median point of rate rise projections is seen as a plus for risk assets, as can been seen in global equities", said fund manager GAM's head of multi-asset portfolios, ...

Business

Wells Fargo Fired Bankers Who Spoke Out Against Illegal Practices, Says Report

Wells Fargo CEO John Stumpf has stepped down as the Federal Reserve Bank of San Francisco's representative on the Federal Advisory Council effective Thursday, the San Francisco Fed announced. But Senate and House committees have opened their own investigations, and the Justice Department is looking into possible criminal charges. He said the company has fired some 5,300 employees over the fake accounts and has eliminated quotas for bankers, branch managers and district managers starting ...

Business

Stocks gain moderately as oil, commodity prices rise

The dollar fell 0.2 percent to 100.15 yen JPY= and touched a low of 100.12 yen at one point, its lowest level since August 26. Today at 10:00 CET European Central Bank publishes Economic Bulletin. "Fundamentally, it did not amount to an easing of monetary policy, but merely offers policy tweaks at the margin and a strengthening of forward guidance", said Frederic Neumann, co-head of economic research at HSBC.

Business

Bomb threat reported at colleges across Wyoming

The state is investigating this email traffic with partners within the federal and state law enforcement community and our campus security are monitoring the situation. Johnson County Sheriff Steve Kozisek said he advised schools in Johnson County to continue with business as usual. All employees and non-residential students were directed to depart campus.

Business

Yen falls following negative rate report

Next Wednesday's Fed decision will tell us if it is a bet the Fed is banking on. As a result, this group wants to tweak the BoJ's massive bond-buying program by buying fewer long-term Japanese government bonds and instead increasing their purchases of short- and medium-term in an attempt to steepen the yield curve .

Business

Oil prices edge upwards on Libya's unrest

Early session weakness sent November West Texas Intermediate Crude Oil futures into a six-week low on Tuesday, but the market recovered to post a technically bullish closing price reversal bottom. Market participants had expected an increase of 3.4 million barrels, according to a Reuters poll. US crude stockpiles dropped by 7.5 million barrels last week, the American Petroleum Institute was said to report Tuesday.

Business

Euro zone yield curves steepen in nod to Japan policy shift

At 7am on Thursday, the Aussie dollar was trading at US76.28¢, sharply higher from US75.65¢ on Wednesday. BOJ's decision spurred a global equity rally, including on Wall Street. CarMax Inc.(KMX) shared slid 2% after the used auto seller reported disappointing fiscal second-quarter results. Overseas, there's the RBNZ rate decision, United States jobless claims (weekly) and leading economic indicators, euro-area consumer confidence data for September.

Business

KDB mulls $45 million loan to help unload Hanjin cargo

Korean Air Lines said Thursday that it would lend 60 billion won ($53.8 million) to its troubled affiliate Hanjin Shipping to cover unpaid fees after it filed for bankruptcy protection in a Seoul district court last month. In Hanjin's better times, the bridge was not a problem because its ships were reloaded with containers filled with products from area exporters. Addition to 40 billion won provided by the Hanjin Group's chairman.

Business

Tulsa police officer charged in fatal shooting of unarmed man

Though Crutcher was wearing baggy clothes, Shelby didn't see any weapons or bulges indicating he might have a weapon, the investigator wrote. Shelby tried to get Crutcher to talk to her, but he simply mumbled something unintelligible and stared at her, Wood said.

Business

Yahoo data breach affects at least 500 million users

The company blamed a "state-sponsored actor" for stealing information like phone numbers, passwords and answers to security questions. The company said it is taking a number of steps to protect users' data - including notifying owners of potentially affected accounts, asking users to change their passwords and invalidated non-secure access methods.

Business

500 million Yahoo customers have data stolen

As the statement suggests, there may be severe consequences for Yahoo after failing to inform Verizon of the breach more quickly. The company said on Thursday at least 500 million user accounts were affected by a massive data breach.


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