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Oil slips as focus shifts to details of OPEC deal

But at around 0500 GMT Thursday in Asia, US benchmark West Texas Intermediate was down seven cents at $46.98 and Brent was down 18 cents to $48.51. Oil producers with deficits: High oil prices paid for social programs from Venezuela to Saudi Arabia.

Business

Goa BJP hails Army for surgical strikes across LoC

While completely overruling the possibility that India can take Pakistan for a ride by playing the drama of surgical strike, he said, if India ever took to this step, it would receive in return that would be unthinkable for it. Pakistan's military spokesman slammed the Indian account as "totally baseless and completely a lie", saying the contact between DGMOs only included communication regarding cross-border firing, which was within existing rules of engagement.

Business

U.K. Mortgage Approvals Lowest Since Late 2014

Scott Bowman from consultancy Capital Economics said: "August's United Kingdom money and credit figures suggest that the housing market continues to cool, but appetite for debt hasn't taken much of a hit". Before the referendum, Britain's government warned that a vote to leave could reduce a projected rise in house prices by 10 percentage points, and last month the BoE said it expected monthly mortgages approvals to fall to 56,000 in the second half of the year - the lowest since early 2013.

Business

Stock Tracker: Earnings & Estimates for First Horizon National Corporation (NYSE:FHN)

During the 52-week period, the peak price level of the share was observed at $76.11; this is higher price of share and down price level of the share was seen at $54.38; this is lower price at which share is traded. First Horizon National Corp. The stock recent traded volume was lower as compared with its average volume of 2202200 shares. The company has its Price to Sales (P/S) ratio of 4.55 where Price to Book (P/B) ratio of 1.5, Price to Cash Per share (P/C) of 1.2 and Price to Free Cash ...

Business

US pending home sales slump in August

Lawrence Yun, the chief economist at NAR, said in a statement that the recent fall can be attributed to rising prices in recent years and a shortage of homes for sale. According to Yun, evidence is piling up that without more new home construction the current housing recovery could stall. By region, August pending home sales increased by 1.3% to an index score of 98.1 in the Northeast, up 5.9% compared with August 2015.

Business

Renzi to attend Peres funeral (2)

He shared the 1994 Nobel Peace Prize with late former prime minister Yitzhak Rabin and late Palestinian leader Yasser Arafat for reaching an interim peace deal in 1993. Schools near the national cemetery are to be closed, and thousands of additional forces have been deployed. Former U.S. President Bill Clinton arrived in Jerusalem Thursday to mourn with thousands of Israelis at the public memorial where Peres' coffin lay outside parliament.

Business

Mexican peso a barometer for U.S. elections

The Mexican peso rebounded from a record low in a sign investors perceive Hillary Clinton outperformed Donald Trump in the first United States presidential debate. The "position that the candidate Trump has had about Mexico, and this uncertain scenario about the outcome of the USA election causes this uncertainty about Mexico", he told Radio Formula.

Business

Who won? The Mexican peso says not Trump

The Mexican peso soared 1.4% to 19.60 per dollar in Asia hours, while the Japanese yen dropped 0.4% to 100.79 as risk appetite returns. In fact, markets world-wide have gone up in reaction over Trump's dismal pouty performance. Trump launched his campaign a year ago with anti-Mexican and anti-immigrant rhetoric and has not let up. Canada, like Mexico, has close trade ties with the USA and is part of the North American Free Trade Agreement.

Business

FCC Delays "Unlock the Box" Proposal Vote

Today, Citizens Against Government Waste (CAGW) responded to the Federal Communications Commission's (FCC) decision to delay a vote on its set-top box rules. It had included a new licensing body to ensure that pay-TV companies do not make anti-competitive agreements. It's D-Day for AT&T Inc.'s (T) DirectTV, Comcast Corp.

Business

Oil prices, stocks up on surprise Opec deal

The Australian dollar also hit a three-week high of $0.7711 - the country exports various natural resources even though it is a net importer of oil - but was down 0.3 per cent by 0720 GMT. But analysts said economic pressure from falling oil revenues pushed OPEC members to reach a deal, while others warned OPEC has a poor track record of fulfilling such commitments, and traders are not sure if Saudi-Iran cooperation would hold.

Business

Coca-Cola Enterprises Inc. (NYSE:CCE) Given Consensus Rating of "Buy" by Brokerages

The difference between the expected and actual EPS was $-0.11/share, which represents an Earnings surprise of -14.9%. Coca-Cola European Partners plc is a subsidiary of The Coca-Cola Company. now owns 3,970,297 shares of the company's stock worth $201,453,000 after buying an additional 1,685,708 shares during the last quarter. Stockholders of record on Monday, October 3rd will be issued a $0.1909 dividend.

Business

Opec reaches deal to cut output

The price for North Sea Brent crude was up 0.02 percent at $48.70 (42.83 euros) a barrel in Asia on Thursday, adding to overnight gains of a staggering 5.9 percent in the wake of the OPEC deal. He said all countries will reduce output but the specific quotas will be set in Vienna in November. "We have made a decision to decrease the production around 700,000 bpd", Iranian Oil Minister Bijan Zanganeh said.

Business

Prince William and Princess Kate Enjoy a Date Night in Canada

Grand Chief Stewart Phillip, president of the Union of British Columbia Indian Chiefs, was due to join the couple on stage during the 10th anniversary celebrations at the University of British Columbia on Tuesday, but pulled out that morning.

Business

McDonald's on watch after hitting cash return target

MCD) announced Thursday morning that it is raising its quarterly dividend by 6% ($0.05) to $0.94 per share ($3.76 annualized). The stock is now holding above its 50-day SMA of $-0.52 and above its 200-day SMA of $116.38. Carnick & Kubik Group LLC acquired a new position in shares of McDonald's Corp . during the second quarter worth about $426,000. Beaumont Financial Partners LLC raised its stake in McDonald's Corp .by 1,727.5% in the second quarter.

Business

Veto Denied: Congress Overrides Obama For The First Time Ever

Rep. Ami Bera, D-Elk Grove, was among the California Democrats who broke with the president to support the first successful veto override in the almost eight years that Obama has been president. Barring one senator, Harry Reid, Democrat of Nevada, who sided with the president, 97 others voted Wednesday to override. "But it would have been the right thing to do".

Business

Qualcomm in talks to buy NXP Semiconductors - CNBC, citing DJ

The buoyancy in the outlook of NXP Semiconductors NV (NXPI) is getting stronger by the bullish sentiment (1.7 on a 5-point scale) that sell-side analysts have provided concerning it. NXP Semiconductors N.V. (NXPI) gained $0.23 at $82.66, a change of 0.28% over the previous days close. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.96% where SMA50 and SMA200 are -3.82% and 0.47% respectively.

Business

OPEC deal shows cartel's resolve - and desperation

Crude prices fell after Wednesday's near 6 percent surge as investors questioned whether OPEC's first deal to limit output since 2008 would restore balance to the oversupplied oil market. Together, the 3 largest global producers extract a 33% of the world's Crude Oil. CURRENCIES: The dollar rose to 101.61 yen from 100.93 yen in late trading Wednesday.

Business

Stocks rise on OPEC production agreement; oil rally fades

Novak's comments are the first high-level response to the deal from non-OPEC member Russian Federation, a major crude producer. OPEC estimates its current output at 33.24 million bpd. MOSCOW, Sept 29 Russia is aiming to keep its oil production at near-record levels despite OPEC's decision to modestly reduce its output, Russian Energy Minister Alexander Novak said on Thursday.

Business

Gold rises to critical level on lower-for-longer policy signals

That moved markets in early trading but the move was reversed as traders saw Rosengren's comments as simply increasing the odds of a rate hike in December, which was already priced into the dollar, analysts said. The two best-performing parts of the S&P 500 this year are utilities and telecoms, up 18% and 15% respectively. The dollar was down sharply against emerging-market currencies, which are often seen as more attractive when US rates remain lower.

Business

Investors give Deutsche Bank shares some relief

The Zeit stressed that the government had denied the existence of an emergency plan or any preparations for it. The $14 billion (12.5 billion euros) United States demand is to settle claims the bank mis-sold mortgage-backed securities before the financial crisis in 2007-2009.

Business

Kerry says TPP rejection would hurt US national security

The TPP's 12 parties signed the agreement in February after more than a decade of negotiations. She did not merely express the hope that it would turn out well. Bernie Sanders (Vt.), who has vehemently opposed free-trade pacts. "And all of a sudden you were against it". Iowa farmer Pam Johnson, past National Corn Growers Association President says Clinton has a good trade policy, even though she's opposed to the Trans Pacific Partnership.

Business

Ag Adviser Explains Clinton Trade Position After Debate

He said rejection would amount to "a unilateral ceding of American influence and power and will have grave consequences", notably in the Asia Pacific. Not passing TPP would mean the United States misses out on immediate, tangible economic benefits. And however poorly paid these jobs may initially be, and however polluting and unsafe the factories may be, they do give the global poor a chance to get a foot on the bottom rung of the economic ladder.

Business

Oil extends advance as Opec agrees first output cut in 8 years

Oil prices jumped 3 percent Monday and then fell 3 percent Tuesday as hopes for a production deal rose and fell, and oil repeatedly changed course Wednesday as well. At 12:29 a.m. ET (1623 GMT), the Dow Jones Industrial Average was down 28.62 points, or 0.16 percent, at 18,310.62. "The very fact you do have the U.S.as the marginal producer, it caps the oil price", said Jeff Weniger, senior portfolio strategist at BMO Private Bank in Chicago.

Business

Meeting to review MFN status to Pakistan postponed

The MFN status, granted to Pakistan in 1996 and which Islamabad is yet to reciprocate, was accorded under the World Trade Organisation's General Agreement on Tariffs and Trade (GATT). The neighbouring country has missed its own deadline of December 2012 for this. Pakistan is postponing the granting of Non-Discriminatory Market Access (NDMA) or MFN status, due to lack of consensus at home.

Business

Shares of Celgene Corporation (CELG) Sees Large Inflow of Net Money Flow

Over the last 3 months and over the last 6 months, the shares of Celgene Corporation (CELG ), have changed 1.63% and 105.27%, respectively. Following the completion of the sale, the insider now owns 1,022,201 shares in the company, valued at approximately $112,442,110.

Business

Amit Shah hails Modi, Army for surgical strikes across LoC

As part of the protocol, Pakistan was informed about the cross-border strike. M Venkaiah Naidu, Union Minister for Urban Development, Housing & Urban Poverty Alleviation, Information & Broadcasting, tweeted, "I compliment the Indian Army for their surgical operations against terrorist launch pads across the Line of Control".

Business

Gold steadies amid a flattening United States dollar

Spot gold fell 0.1 percent to $1,325.81 an ounce by 0109 GMT. The safe haven asset slid almost 1% on Tuesday, its biggest single session percentage loss since August 30, as investors considered Democrat Hillary Clinton the victor of the first United States presidential debate against Republican rival Donald Trump, boosting the appetite for riskier assets like equities.

Business

Wells Fargo CEO faces more questions from Congress

Like a rabbit in the spotlight, the board of United States bank, Wells Fargo has belatedly launched an independent investigation into the firm's retail banking sales practices, the source of the $US185 million in fines for more than 2 million fake customer accounts and credit cards and a rising tide of criticism of the bank, its management and especially long time Chairman and CEO, John Stumpf.

Business

BlackBerry cuts risk with Indonesia outsourcing deal

Here BlackBerry is not going to rebrand another manufacturer's handset. What remains of BlackBerry's reputation is tied to security features and productivity, both of which stemmed mostly from the company's software. The news follows the company's second-quarter results, posted on Wednesday, which revealed a loss of $372 million following a profit of $51 million a year ago.

Business

Last-Minute Deals Allow Congress to Pass Short-Term Government Funding Measure

Democratic advocates for Flint are now satisfied with renewed guarantees that Flint will get funding later this year to help rid its water system of lead. The Obama administration voiced support for passage of the continuing resolution in a statement of administration policy. Democrats accused Republicans of not caring about the people in Flint, while the GOP countered that the rejection was politically motivated.

Business

OPEC deal shows cartel's resolve _ and desperation

US bank Goldman Sachs said it expected the OPEC deal to add $7 to $10 to oil prices in the first half of next year. US benchmark crude rose more than 5 percent to $47 a barrel on the news, pending final details about the cut, which won't be known until after another OPEC meeting in November.

Business

U.S. GDP Climbs More Than Previously Estimated In Q2

Exports also rose a faster 1.8% vs. a prior estimate of 1.2%, the government said Thursday (http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm). The GDP data is unlikely to have much impact on the near-term outlook for monetary policy although it could make Fed policymakers more confident the USA economy is resisting weaker growth overseas.

Business

BMW's X2 SUV concept is a sportier alternative to the X1

The positioning is reflected in the styling of the new X model, which BMW design boss, Karim Habib, describes as "combining the fast moving body language and low slung proportions of a coupe with the robust construction of an X model". The anticipated production version will take on Audi's upcoming Q4 and the Range Rover Evoque, with an M version potentially on the way with over 220kW from a turbocharged four-cylinder.

Business

Amnesty International critical of Hungary's asylum system

Orban's campaign ahead of the referendum has been so abrasive about asylum-seekers, who have been portrayed as being synonymous with terrorists and criminals, that Luxembourg's foreign minister suggested Hungary ought to be thrown out of the EU, VOA reported .

Business

Michael Howard: UK does not need to be in European Union single market

He predicted the United Kingdom would "carry the standard of free and open trade as a badge of honour" once it leaves the EU. Answering questions after a "major" speech in Manchester, Dr Fox suggested Britain could maintain the benefits of the single market post-Brexit.


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