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Business

German bank's woes knock financial stocks

The German government is aware that USA authorities "have agreed settlement payments in similar cases with other credit institutions", Finance Ministry spokeswoman Friederike von Tiesenhausen said at a regular government news conference. mortgage market, a big part of the global financial meltdown eight years ago, reared its ugly head but Deutsche Bank is feeling it today. Goldman Sachs settled charges of irregularities in mortgage-backed lending for $5.1bn in January this year.

Business

Clinton tells Wells Fargo customers CEO owes them an explanation

A top federal regulator says the case of Wells Fargo employees having opened millions of accounts without customers' permission shows "overall weaknesses in (the bank's) management", especially in the area of compliance with laws and regulations.

Business

United Kingdom will trigger European Union exit talks in early 2017

However May's Downing Street office distanced the government from Johnson's comments. They go further than Prime Minister Theresa May , who has said only that Article 50 will not be invoked before the start of 2017. Professor Goodwin also said that the left, especially the Labour Party, failed to appreciate the many traditional Labour supporters voted Leave not just because they felt economically left behind, but also because they opposed mass immigration and felt their national identity ...

Business

United States stocks rise with oil prices ahead of Fed statement

The Federal Open Market Committee said: "The Committee judges 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

U.S. Federal Reserve hints increase coming

The technology giant's stock rose 95 cents, or 1.7 percent, to $57.76. The euro rose to $1.1180 from $1.1157. Trading followed a pattern that has become familiar in the last several months. Aside from the potential for Monday's USA presidential debate having a big impact on the election, "there's really nothing on the horizon until earnings season, and the Fed has kind of cleared the way for accommodative policy and low interest rate environment which bodes well for stocks", said Alan ...

Business

Egypt arrests four suspects over migrant boat sinking

Four hundred people are still missing and 154 people have been rescued. Most of those who survived were picked up by fishermen, not official services, even though the boat was so close to land that those on board could make SOS calls from their mobile phones.

Business

Treasuries Set for Best Week Since July as Fed Tempers Rate View

The Standard & Poor's 500 index rose 15 points, or 0.7 percent, to 2,178 and the Nasdaq composite rose 30 points, or 0.6 percent, to 5,325. FED WATCH: The Federal Reserve kept its key interest rate unchanged Wednesday and signaled it is likely to raise it later this year.

Business

U.S. Stocks Extend Gains on Fed Statement

DOWNPAYMENT: Real estate companies rose more than the rest of the market, with the newly created real estate component of the S&P 500 up 1.7 percent. HSBC's bond strategist are forecasting that 10-year Treasury yields will fall back to 1.6%-a so far, spot-on prediction. Marathon Oil rose 14 cents, or 1 percent, to $14.80.

Business

Buffett won't discuss Wells Fargo scandal until November

Sen. Elizabeth Warren (D-Mass.) and seven colleagues wrote to Labor Secretary Tom Perez and David Weil, administrator of the department's Wage and Hour Division saying, "The emerging portrait of the company's ... Specifically, employees were fired "in retaliation for shining light" on various illegal schemes. On Sept. 8, a federal regulator and Los Angeles prosecutor announced a $190 million settlement with Wells.

Business

Clinton runs ad on Trump's remarks about women

Experts say it's unclear exactly what to expect. "Hillary Clinton's support remains in the mid-forties, but she has lost her August lead because Donald Trump is aggregating previous undecided and Johnson supporters in his camp", said David Paleologos, director of the Suffolk University Political Research Center in Boston.

Business

Have a look at Price Moves: Capital One Financial Corporation (NYSE:COF)

Financial Architects Inc now owns 3,360 shares of the financial services provider's stock worth $213,000 after buying an additional 184 shares in the last quarter. The financial services provider reported $1.69 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.86 by $0.17.

Business

Refugee boat capsizes off the coast of Egypt, hundreds missing

A new bill is being drafted on the issue, he said, adding that there have been "increased efforts" by security forces to secure the country's borders. "The motorboats brought us those who belong to our village". My condolences and may God have mercy on their souls but I am talking about those who belong to us.

Business

Japan, China to seek coordination at United Nations over North Korea

Prime Minister Shinzo Abe, the first Japanese leader to visit Communist-ruled Cuba, called for a strong and unified worldwide response to North Korea's nuclear program in rare talks with former Cuban leader Fidel Castro on Thursday, a Japanese foreign ministry spokesman said .

Business

Archaeologists and cultural professionals join petition against North Dakota pipeline

The conference, created to improve the relationship between Washington and the tribes, offers the last chance for this administration to hear from tribal leaders about the shortcomings of the current consultation system, which has been a source of conflict over the pipeline and other projects.

Business

Mourinho, Rooney bullish about 'rubbish' claims

Ander Herrera hopes Manchester United's "very bad week" was just a blip after ending a miserable run with a timely victory at Northampton. According to journalist Rob Beasley, the Special One was keen on signing the former Everton man during his tenure at Real Madrid - attempting to lure him to Spain when contract talks at Old Trafford stalled.

Business

U.S. stocks extend rally after Fed rate move

The yen also hit a four-week high of 100.10 against the greenback and the overnight drop in USA government bond yields saw German Bund yields move decisively back into negative territory. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said US growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation.

Business

United Nations calls the meeting 'long, painful and disappointing'

It is Putin's wish that "not only Russian Federation is prepared to monitor these convoys with its own forces", Gabriel said, adding that Putin was in favour of the United States doing so as well. The U.S. blamed Russian Federation for the strikes but Moscow denied any involvement, initially blaming fire on the ground and then noting that a U.S.

Business

How to spot the new Galaxy Note7

Last Sunday, a Chinese magazine cited an online report which said that a user's Galaxy Note 7 had caught fire, making it the first such incident to take place in China. A Samsung spokeswoman confirmed the firm had started to offer the replacement handsets in South Korea and several European nations yesterday - and would follow suit in the U.S.

Business

Brookfield consortium buys pipeline in Brazil

Petrobras had its "underweight" rating reiterated by analysts at Barclays. The majority of its assets were installed in the last 10 years and connect the Brazilian states of Rio de Janeiro, São Paulo and Minas Gerais with natural gas coming from Bolivia and Brazil's offshore oil and gas fields.

Business

Nirmala announces incentives for marine sector under MEIS

Worldwide and domestic exhibitors have showcased their products and services to a potential global market and to explore leads and partnerships. This was stated by the Chairman of the Marine Products Exports Development Authority (MPEDA), Dr A Jayathilak, speaking ahead of the opening of IISS at the Port Trust Diamond Jubilee Stadium in Visakhapatnam, which is set to highlight India's enormous potential in the fisheries sector.

Business

Rig count sees small gain amid double whammy for oil

That decline continued through the first half of this year when drillers cut 206 rigs. The oil-rig count has climbed in 12 out of the last 13 weeks, and has not decreased over the last 13 weeks. The total count is lower by 327 from a year earlier, while the oil-only is down by 196. "As their cash flows ramped with oil moving from its February bottom to over $50, they redeployed their cash flows in the form of rigs", analysts at Evercore ISI, a USA investment banking advisory, said about the ...

Business

Stock's Earning Overview: Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN)

CLVS market capitalization is 1.34B with 309 employees. The Company holds 1392.20 million shares outstanding. (NASDAQ:CLVS) in a research report sent to investors on Wednesday. During the same quarter in the prior year, the firm posted ($0.25) EPS. Analysts predict that Achillion Pharmaceuticals will post ($0.62) EPS for the current fiscal year.

Business

Sanders joins North Dakota pipeline protests

The Standing Rock Sioux Tribe said Tuesday that they are commited to contining the fight to block the North Dakota pipeline project, after the company behind the project said that it planned to complete construction despite resistance. "This issue is not simply an indigenous peoples' issue, not simply a treaty issue", he said. The company has stated that it will communicate correct information to the government and media more clearly.

Business

Charlotte curfew ends after largely peaceful protest night

At one point during the evening, protesters stopped to block an intersection near Bank of America's headquarters and chanted "release the tape", but when police and the National Guard moved in, protesters moved on. Earlier in the week, the Charlotte protests turned violent, with demonstrators attacking reporters and others, setting fires and smashing windows of hotels, office buildings and restaurants.

Business

White House not certain Obama would sign Senate GOP budget

President Barack Obama will veto legislation Friday that would allow survivors and relatives of the almost 3,000 people killed in the September 11, 2001 terrorist attacks in the United States to sue Saudi Arabia's government for damages. If Congress overrides Obama's veto, it will be the first time that's happened during his presidency, which is approaching its end. Saudi Arabia has strenuously argued that it had nothing to do with the attacks, and the 9/11 Commission also said it did not ...

Business

Bill Clinton Paid Speaking Fee From Trade Group That Benefited From Foundation

The foundation has come under scrutiny after leaked emails suggested its donors were given special access to Hillary Clinton when she was secretary of state. The couple's daughter, Chelsea Clinton , will remain involved. "Chelsea's got to decide what she's going to do, but somebody has to stay there" to supervise the "handing off" of the Foundation's global operations, some of which will be set up as separate foundations, Clinton explained.

Business

Asian stocks rise after Fed leaves USA rates unchanged

The S&P 500 leapt 23.36 points, or 1.09 per cent, to 2,163.12. Last December, the Fed signaled that four rate increases were likely in 2016, but that was scaled back in March due to a global growth slowdown, financial market volatility and concerns about tepid US inflation.

Business

The Cop Who Killed Terence Crutcher Is Actually Being Charged

Crutcher's shooting death triggered police brutality protests across the country. Tulsa Police Chief Chuck Jordan, in releasing the footage to the public on Monday, called it disturbing and "very hard to watch". Officer Turnbough arrives as Mr. Crutcher and Officer Shelby are at the rear of the abandoned vehicle and takes a position to Officer Shelby's left. Body camera footage from the shooting showed Harris struggling and telling officers "I'm losing my breath", to which one responded: ...

Business

Filipino leader curses out European Union over calls to halt drug killings

He said orders to kill people came directly from Duterte, that they once fed a man to a crocodile, and they regularly dumped bodies into Manila Bay (one of Duterte's campaign promises ). "We are only human". Duterte has already said that the Philippines will pursue " independent " foreign and military policies separate from U.S.

Business

OT win keeps Team North America alive

But what he will likely remember the most from his time as general manager of Team North America occurred off the ice. Facing 49 shots, Lundqvist was brilliant playing the second half of back-to-back games. We're talking the same paragraph as Mario Lemieux's famous overtime goal up the QEW in Hamilton that won the 1987 Canada Cup or the legendary tie between the Canadiens and Central Red Army on New Year's Eve in 1975 at the Montreal Forum.

Business

Employers Can Now Legally Discriminate Against People With Dreadlocks

After receiving a complaint from Jones, the Equal Employment Opportunity Commission filed a lawsuit against the company on her behalf. "When Ms. Jones asked what the problem was, Ms. In response, CMS argued that its "application of a neutral grooming policy to prohibit [the] wearing of dreadlocks " by definition could not constitute intentional race discrimination.

Business

Ted Cruz battered by Texas Republicans for his silence on Trump

Cruz, a vocal critic of administration efforts to bring tens-of-thousands of refugees from Middle Eastern countries into the United States, is calling on Congress "to prevent Americans who have travelled overseas for training from returning here, and to stop the flow of refugees from hotbeds of terrorism in the Middle East", according to comments provided to the Free Beacon .

Business

Family sees video of Charlotte man's death

The city's government issued a Tweet saying the curfew is citywide. The NC State Bureau has been called to move forward with the investigation . A midnight to 6am protest has been imposed on the city. Charlotte police confirmed Thursday night that Justin Carr, 26 , died at the hospital after being shot in the head Wednesday night. Police say Scott was carrying a gun when he approached officers and ignored repeated orders to drop it.

Business

Keith Lamont Scott's family: "More questions than answers" in Charlotte police shooting

However, peaceful protests continued into the night without interference from the National Guard or local police. The city authorities have imposed a curfew effective midnight (12pm in Malaysia). In the video, Mr Scott can be seen exiting his vehicle in a calm manner, and he did not aggressively approach police, the family said. Charlotte-Mecklenburg police Capt.

Business

Treasury minister quits over Northern Powerhouse and China ties

A Tory Treasury minister who has been a key figure in forging links with China and plans to boost the northern economy has quit. But politicians and commentators say Lord O'Neill's resignation could have a huge impact on Greater Manchester's devolution journey - and could be final nail in the coffin for the Northern Powerhouse plan.


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