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Brexit: Theresa May to trigger article 50 by end of March 2017

The Prime Minister's words were interpreted as leading to a 'hard Brexit', in which Britain would leave the single market causing significant disruption for the City. "We will set about making sure that the things that people are worrying about like passporting are resolved, there's no question there", Davis said, speaking at an event on the sidelines of the ruling Conservative Party's annual conference.

Business

Deutsche Bank rally eases as investors await fine amount

European stocks overall moved higher, after Asian markets finished with gains, with Japanese equities leading (http://www.marketwatch.com/story/tokyo-leads-asian-stocks-higher-as-yen-stumbles-2016-10-04) as Monday's solid USA manufacturing data helped weaken the yen.

Business

On The Border Celebrates National Taco Day with 50-Cent Tacos

It's also Taco Tuesday, so you have two reasons to go out and eat the spicy goodness of the Mexican taco. But, today is special because it's not only Taco Tuesday , it's National Taco Day! NationalDayCalendar said tacos predate the arrival of Europeans in Mexico.

Business

New Jersey town is subsidizing Uber rides

One New Jersey city has thought of a unique solution to the overcrowded parking lots at its commuter train station: Uber rides. According to the City, more than 50 residents have already signed up. City officials estimate they will have a net cost of $167,000 annually to subsidize the program, with Summit paying for the rides and each rider paying the city $4 a day for trips to and from the train station.

Business

What Brexit? - Britain's manufacturing sector is going wild

However, the value of the pound fell on the currency markets yesterday , dropping to a three-year low against the euro. The New Orders Index increased 6.0 points to 55.1 in September, after contracting in August. The consensus view from economists polled by Reuters last week was that the RBI would hold policy steady on October 4, but there was a high probability of it cutting the repo rate to 6.25 percent in the final three months of the year.

Business

Illinois Joins California, Suspends Wells Fargo Over Bank Account Scam

Illinois Treasurer Michael Frerichs said Monday his office is suspending its annual $30 billion in investment activity with Wells Fargo for at least one year. While campaigning in OH, the Democratic nominee will explain how she would, if elected on November 8, curb the prevalence of contractual clauses that require consumers, employees and other individuals to resolve legal disputes in private arbitration proceedings instead of in courts, her campaign said.

Business

Wells Fargo board to decide on executive clawbacks

Between 2011 and 2016 Wells Fargo (Hanover: NWT.HA - news ) employees opened two million fake accounts resulting in millions of dollars in customer fees, while bank employees all the while met sales targets and received bonuses. The bank said Mr Stumpf would not receive a salary during the inquiry. During the questioning, Senator Elizabeth Warren, who has always been a critic of the USA banking industry, was unmoved by his apology.

Business

British PM May to trigger EU divorce process by end of March

May said delaying the initiation of Article 50 has a good reason and they will invoke it after the end of 2016. While the prime minister previously had hinted she planned to initiate Britain's European Union exit early next year, many observers had speculated she would wait until France's presidential election ends in May or perhaps even the Germany elections, set for the late summer or fall of next year.

Business

Vancouver home sales down second month after foreign owners tax

The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver in September fell by 32.6 per cent compared to the same month previous year. That is drop of one per cent compared to the 4,846 units listed in September of 2015 and an 11.8 per cent increase compared to August 2016. "This is the lowest this ratio has been since February 2015".

Business

United States lawmakers slam Wells Fargo Chief

On Thursday, Wells Fargo CEO John Stumpf told lawmakers the bank is expanding its review back to 2009 as it tries to stem a scandal over sales practices. Elizabeth Warren get in all the shots against Wells Fargo , Chicago aldermen are set to consider banning from city business the bank that has become embroiled in a scandal over millions of phony customer accounts.

Business

IL will suspend business with Wells Fargo

Regulators said bank employees, racing to meet aggressive sales goals, opened two million accounts that may not have been authorized by customers. Clinton said one policy solution is to limit the use of contracts that bar consumers from taking companies to court if they believe they've been abused.

Business

Clinton takes five-point lead over Trump in poll

The Republican told supporters at a rally north of Richmond, Virginia, that he expects to defend GOP nominee Donald Trump , and for Kaine to argue in favor of Democrat Hillary Clinton . "Don't you think a man who has this kind of economic genius is a lot better for the United States than a woman?" "I oppose TPP now, I'll oppose it after the election, and I'll oppose it as president", she said.

Business

Donald Trump's taxes: All you need to know

Trump made no reference to the tax trouble at an event with veterans in Virginia Monday, but at a later event he said he had paid as little taxes "as legally possible" as was his duty as the head of a major real estate company. But the records obtained by the Times show losses of such a magnitude that they potentially allowed Trump to avoid paying taxes for years, possibly until the end of the last decade.

Business

Yellen defends Fed's role in regulations

Federal Reserve Chair Janet Yellen on Wednesday defended the Fed's role in setting monetary policy devoid of political interests and pledged to tighten rules on big banks. Kashkari does not have a vote on the Fed's policy committee this year, but his comments show he sides with the doves at the Fed who have carried the day on policy decisions throughout the year.

Business

With peace deal defeat, what's next for Colombia?

The conflict took more than 220,000 lives and displaced millions of people. "I count on them to press ahead until they achieve secure and lasting peace", Ban said. The vote against the pact will also prevent FARC fighters from re-integrating with society and form a political party. Instead the result delivers a crushing blow to Santos, who since 2011 has pursued the peace deal with single-minded determination and to the steady detriment of his own popularity.

Business

Delta Air Lines Reaches Agreement With Pilots Union

A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal. Let's have a look at some of the important valuation ratios of the Delta Air Lines, Inc. The company traded as low as $38.93 on the day. The Average price target is noted at $90.6, this average price is calculated and based on coming up with go through the consensus of analysts and stock's current price is placed at $75.79.

Business

Degree Manslaughter Charges Filed Against Cop Who Shot and Killed Terence Crutcher

Video taken over head from a police helicopter showed that Crutcher, 40, approached his vehicle, an SUV, with his arms raised when he was shot and killed. "Shots fired!" a female voice can be heard yelling. He added that just like any other criminal defendant, Officer Shelby should be presumed to be innocent until proven otherwise.

Business

Charlotte police shooting audio appears to back up officer

CHARLOTTE, N.C. (WNCT)- The Charlotte-Mecklenburg Police Department will release the remaining dash and body cam footage in the officer-involved shooting of Keith Scott. The last clip is a 20-second 911 call where a witness asked for paramedics. A separate video released by Scott's family did not show the shooting itself, however shots can be heard in the background while the camera is turned away.

Business

Darden Restaurants beats 1Q profit forecasts

The ex-dividend date of this dividend is Wednesday, October 5th. Darden Restaurants's payout ratio is presently 76.98%. "Several other research analysts have also issued reports on the stock". The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website . The Company owns and operates more than 1500 restaurants.

Business

Netflix shares rally on Disney takeover chatter

Now MarketWatch reports that rumors are swirling that the Mouse might be looking to acquire Netflix . About 15 million shares changed hands, double the average. Disney's fans will now be able to view all the new releases on Netflix . Analysts have said it would make sense for Disney to look to move further into streaming video, especially sports content.

Business

Russia Dismisses Accusations of MH17 Responsibility

Russian presidential press officer Dmitry Peskov, for his part, said the report by the global investigation group investigating the Boeing 777 crash in Ukraine on July 17, 2014 can not be regarded as "the final truth". A new report reveals what many of us feared surrounding Malaysia Airlines Flight 17-Russia's involvement in the tragedy. The Russian maker of the Buk missile system also contested the report's conclusions.

Business

Russian Federation rejects report into downing of MH17 as "biased"

The preliminary criminal findings also said around 100 people are under investigation for playing "an active role" in the incident and confirmed the missile was sacked from a field which at the time was in territory held by pro-Moscow rebels, who are battling Kiev.

Business

UK Prime Minister Theresa May announces deadline to trigger Article 50

And we will be ready soon. She did not, however, give the specifics of how a deal would allow Britain to have its cake and eat it, too, only promising that "this is going to be a deal that works for Britain". Also on the show, former Business Minister Anna Soubry, who left her post when May became premier and opposed Brexit , said "triggering Brexit as early as March really concerns me ...

Business

Employees And Investors Sue Wells Fargo Over Fraudulent Accounts

Carrie Tolstedt, until recently Head of Community Banking, has left the Company, and the Independent Directors have determined that she will forfeit all of her outstanding unvested equity awards, valued at approximately $19 million based on today's closing share price.

Business

Clinton stopping in Chicago, makes early voting push in Iowa

Mr. Trump has held rallies in Toledo twice. That's the case in head-to-head contest against Trump, and when the Libertarian and Green Party candidates are also included. From Oct. 30 through Election Day on November 8, Iowans who can prove their identity and address can follow a same-day registration process to cast their ballots.

Business

Stocks reverse recent losses as banks jump

The stock's recent decline was given new impetus in recent days after other media reports that hedge funds were pulling out of the bank. Investors had been anxious about whether the bank would be able to afford the looming USA fine for trading in toxic mortgages a decade ago.

Business

Key lending rate cut lifts equity markets

This was Urjit Patel's maiden policy announcement as RBI Governor. The 30-share index rose 159.36 points, or 0.56 per cent, to 28,402.65. The much awaited monetary policy of the Reserve Bank of India shall be presented later on Tuesday, with the newly formed Monetary Policy Committee (MPC) fixing interest rates for the first time.

Business

International Monetary Fund warns of protectionism threat to global growth

Growth in advanced economies - including the US, Euro area, Japan and United Kingdom - is forecast to slow to just 1.6 percent in 2016, down from 2.1 percent past year, before strengthening slightly to 1.8 percent in 2017. Rapid growth in countries such as China and India has sustained global growth, but a deep recession in a handful of emerging market and developing economies have implied a particularly strong drag on global economic activity over 2015 and 2016, the International Monetary ...

Business

Tax chief says Connecticut didn't release Trump's taxes

Giuliani's office did not immediately respond to ABC News' request to elaborate on or clarify his comment. On the campaign trail, Trump continued to veer from scripted economic arguments to personal attacks on Clinton. Over the weekend , the Times reported that a $916 million loss declared on Trump's 1995 tax returns could have allowed the billionaire to avoid paying federal income taxes for almost two decades.

Business

British PM May says Brexit timetable important for businesses

Mrs. May, who had previously only said she would not trigger it this year, will be making a speech on Brexit later to the Conservative conference, which is getting under way in Birmingham. Sterling stabilised on the news, which showed manufacturing had benefited from the lower pound. JPMorgan raised its forecasts for growth in the third quarter and expects the British economy to expand at 1.3 percent in 2017, compared with a previous forecast for 0.9 percent growth.

Business

Senior Labour peer quits over Labour anti-Semitism

Republican presidential candidate. And the deeply divided party was plunged into further infighting as Kezia Dugdale, its Scottish leader, accused the re-elected United Kingdom boss of trying to undermine her. London Mayor Sadiq Khan, a Corbyn critic, said Sunday that any such split would mean "the end of the Labour Party". "But even more than that he surrounds himself with a coterie of people who hold violent, violent anti-Israel views and allied with it they are very hostile to Jews".

Business

Shimon Peres 'Never Gave Up Trying' for Peace, Says Naomi Campbell

Israeli citizens joined Prime Minister Benjamin Netanyahu and former US President Bill Clinton at the Knesset to pay their respects to Shimon Peres . Clinton had helped usher in the Oslo peace accords of the 1990s, which resulted in the Nobel prize for Peres. The former Israeli president passed away Wednesday at the age of 93 after battling poor health in the past year following a stroke.

Business

World leaders mourn former Israeli leader Shimon Peres at funeral

French President Franç ois Hollande, Britain's Prince Charles and two former United Kingdom prime ministers, Tony Blair and David Cameron, were among the dignitaries also attending the funeral. No other Arab leaders attended the funeral of Peres, who played a key role in Israel's wars against Arab countries. Prime Minister Netanyahu said Peres devoted his life to the sovereignty of the Israeli people.

Business

8-in-10 Trump backers say paying taxes is 'civic duty'

He repeatedly linked cybersecurity to Hillary Clinton's use of a private email server - an opportunity he largely missed at last week's debate. "What kind of "genius" loses a billion dollars in a single year?" she joked. Those documents show Trump lost more than $900 million in an assortment of business ventures that year, an amount that may have allowed him to legally avoid paying any federal income taxes for almost two decades afterward.

Business

Iran's Zanganeh says non-OPEC cooperation will help steady oil prices - SHANA

Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011. Even with new contracts on the horizon, the Islamic republic has faced stiff competition from rival producers defending their own consumer base.


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