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Pound drops to lowest level since 1985

At the annual Conservative conference in England's second city of Birmingham, those who want a quick and dramatic separation think they have the upper hand. Economic activity has held up better than many had expected since Britons voted in a June referendum to leave the European Union, but many policymakers are anxious about the prospects for future investment.

Business

Pound hits 31-year low against dollar

The British pound dropped to its lowest level since 1985 on fears that the U.K.is rushing into a divorce settlement with the European Union that will cause irreparable damage to its economy. It's the same for miners and oil firms like BP and Royal Dutch Shell, whose products are denominated in dollars. "The reality is the biggest stocks in the index dominate its performance, and the likes of HSBC, Royal Dutch Shell, and British American Tobacco all have global earnings which are now worth ...

Business

VP nominee Mike Pence campaigns in Ashland ahead of Tuesday's debate

Pence once worked as a Catholic youth minister. Recently, while Pence was defending a tweet from one of Trump's son's comparing Syrian refugees to a bowl of Skittles, Kaine was in the middle of a California fundraising tour that included a dinner at actress Eva Longoria's house and an appearance on "The Ellen DeGeneres Show".

Business

UK minister warns of Brexit 'roller coaster'

Article 50 in the Lisbon Treaty is the formal process any member state must follow for leaving the EU. Britain's Prime Minister Theresa May delivers a speech on the first day of the Conservative party annual conference at the International Convention Centre in Birmingham, central England, on October 2, 2016 .

Business

Much awaited RBI rate cut a 'festive gift': Auto industry

After the first round of rate cut in April this year, the Apex bank has for the second time chose to slash rates after no change in the June and August policies citing falling inflation as the main reason for the move. Sriram said banks would need six more months to adjust to the MCLR system, which would complete one year in March 2017. Vashishtha expects lending rates to come down soon.

Business

Healthcare Realty Trust Announces Third Quarter Earnings Release Date and Conference Call

Baird. 11/11/2015 - Piedmont Office Realty Trust, Inc. had its "market perform" rating reiterated by analysts at Oppenheimer. Federal Realty Investment Trust has a beta of 0.39 and the weekly and monthly volatility stands at 1.90% and 1.63% respectively.

Business

Trump a genius if he paid no taxes, say allies

That Trump was losing money during the early to mid-1990s - a period marked by bankruptcies and poor business decisions - was already well established. Giuliani: "Don't you think a man who has this kind of economic genius is a lot better for the United States than a woman, and the only thing she's ever produced is a lot of work for the Federal Bureau of Investigation checking out her emails?" "Thanks to Trump , today smart people all over the country are explaining to their dumb ...

Business

Theresa May to trigger by Brexit process by March next year

She previously announced that Article 50 will not commence this year, but the process of stirring away from the union would be complex and is hoping for a much smoother "process of negotiation" for other EU member, the PM said in a BBC One interview.

Business

How well do you know the vice presidential candidates?

CDT on Tuesday - and it is expected to last about 90 minutes with no commercial breaks. Both readily admit to being the boring half of the ticket. According to an account of Pence's debate preparations at The New York Times , the candidate is "methodical, disciplined and systematic".

Business

UN Security Council discusses new Syria resolution

One of the mines exploded on the embassy area near its residential department. Meanwhile, Syrian state TV reported on Tuesday that shelling by opposition groups killed at least five people and wounded 20 more in government-held areas of Aleppo.

Business

Analysts Give Wal-Mart Stores Inc. (WMT) a $75.00 Price Target

Over the same time span, the stock notched a high price of US$75.19 and its minimum level reached was US$56.3. Wal-Mart Stores, Inc. (NYSE:WMT) now has mean rating of 2.70 while 2 analysts have commented the shares as "BUY", 3 recommended as "OUTPERFORM" and 19 commented as "HOLD".

Business

Jury told Georgia dad sought 'escape' in son's hot car death

Ross Harris' defense team opened day two of the hot vehicle death trial with its opening statement Tuesday morning. Harris is on trial for the murder of his 22-month-old son Cooper. Here, he and Cooper take in a baseball game. After strapping the toddler in and giving him a kiss, he maintains he didn't drop the child at daycare and headed to work because he forgot he was in the back seat.

Business

Trump on tax controversy: 'I have brilliantly used those laws'

WKSU's M.L. Schultze reports Clinton also lambasted Donald Trump on business and tax practices she says give lie to his campaign rhetoric. Clinton has said she would use that money to fund new - or expand current - government programs. "I have legally used the tax laws to my benefit", Trump admitted, not stating wherther or not the findings in the Times are accurate. "A majority believe Donald Trump is hiding something by not doing it".

Business

Chargers can't hold 13-point lead, lose 35-34

The last drive, it felt like a home game , maybe because the big contingent was behind us, but it was loud". But that's when the Chargers coughed up a 34-21 lead with two fumbles on back-to-back plays in their own end of the field, then served up a game-clinching interception after the Saints put two touchdowns on the scoreboard.

Business

IL suspends business with Wells Fargo amid growing fury

Federal regulators have not said if they have referred the Wells Fargo case to the Department of Justice. Because of a clause in the agreement between Wells Fargo and its customers, anyone who had an account opened without their knowledge and wants to pursue legal action must enter into arbitration with the bank instead of suing.

Business

'Hard Brexit' would end passporting rights for City of London

Similarly Ms May will tell the United Nations in her first address to the general assembly that Brexit does not mean the UK is turning away from the world. Following that she held a reception for roughly 60 top United States executives, with the event also hosting British businesses who have invested across the Atlantic.

Business

Trump slams media for dismissing online post-debate polls

According to the poll, white voters have been favoring Trump over Clinton - 46 percent to 38 percent. Narrowing the focus to likely voters who watched the debate, Clinton led Trump 44 percent to 39 percent. Clinton campaign spokesman Jesse Ferguson said the Democrat clearly won the debate as Trump "was unprepared, became unhinged and was incoherent throughout".

Business

May making 'huge mistake' with hard Brexit

Mrs. May also expressed hope that announcing the date will allow for some "preparatory work, so that once the trigger comes we have a smoother process of negotiation", speaking to the British Broadcasting Corporation on Sunday. "It is generally considered that the more May insists on immigration control, the more the European Union is likely to close access to the single market", an analysis but Rabobank Financial Markets Research added.

Business

Cabela's sold to rival Bass Pro for $5.5 billion

It is subject to approval by Cabela's shareholders as well as regulatory approvals and other customary closing conditions. Cabela said its stockholders would be paid $65.50 in cash per share. The Bass Pro Shops also has a store in Rossford, Ohio, also off I-75 and south of the MI border. Merging with Bass Pro, a company known for its extravagant stores and wide variety of products, was a move that will likely bring those key customers back.

Business

Will Alabama pipeline break affect Upstate NY gas prices?

The pipeline owner said fuel is expected to flow again as soon as Wednesday, which should ease price spikes that have affected mainly six southern states but were felt as far away as NY. 19, 2016, has run out of unleaded gasoline. They said fuel wholesalers were hauling gasoline in from fuel terminals and refineries that don't depend on the downed pipeline.

Business

Wall Street Expert Analysts Views about : Two Harbors Investments Corp (NYSE:TWO)

They now have $7.00 price objective on the stock, down from their prior price objective of $10.00. Bank of America Corp. set a $54.00 target price on Sysco Corp. For the current year Noble Corporation Ordinary Shares (UK) (NYSE:NE) has set to release EPS of $-0.06 as per the sentiments of 30 analysts, however according to 36 analysts, the company expected to release $-1.15 EPS for next year.

Business

Brent Oil Prices Reach Extend Gains on OPEC Deal

After reaching its group target, Opec would seek support from non-member oil producers to further restrict the oil supply. Oil prices are well below the budget requirements of most OPEC nations. The global benchmark crude closed at a $1.41 premium to WTI. Iranian Oil Minister Bijan Zanganeh was reported to have said at an energy forum this week: "We have chose to decrease the production around 700,000 bpd [barrels per day]".

Business

Lead EU negotiator on Brexit: no compromise on EU principles

Questioned about her pre-referendum warnings about the economic impact of Brexit, and what concessions the United Kingdom would need to make if it wanted access to the single market, the prime minister insisted she would start the process from a position of strength.

Business

Trump in CO says he brilliantly used tax laws

Hillary Clinton is celebrating her endorsement from basketball star LeBron James. Show insiders told the Associated Press that Trump rated female contestants by the size of their breasts and talked about which ones he would like to have sex with.

Business

Hurricane Matthew Slowly Moves North as a Major Hurricane

Matthew had sustained winds of 220 km/h as it moved north. The latest National Hurricane Center Track of Hurricane Matthew. According to a report by Forbes , 150 miles per hour winds were already detected around the storm's eye. One of the most powerful Atlantic hurricanes in recent years is expected to cause flooding and landslides when it passes by Jamaica and Haiti. Resident Jean Petite Frere says his parents, sisters and brothers are all in Haiti and are bracing for the storm.

Business

Police Department On Clowns: 'We Will Handle Them Accordingly'

The Sioux City Police Department says they've received no credible reports that any clowns have been spotted in Siouxland. As of 12:37 a.m., Kent State police said there have been no arrests. After investigating, police said the students with the clown masks were not a threat to anyone on campus. Students who see anyone suspicious on campus are urged to contact University Police immediately at 607-753-2111.

Business

Federal decision is at hand for proposed LNG plant in northern BC

The Canadian government has conditionally approved the $11bn Pacific NorthWest LNG project in British Columbia following completion of federal environmental assessment . Although most First Nations along the pipeline route have signed on, the Lax Kw'alaams First Nation three times rejected a deal that would have paid them $1.15-billion over 40 years to build the shipping facility on its traditional territory.

Business

Hurricane Matthew makes landfall in vulnerable Haiti

David Culpepper, the base commander, said emergency shelters had been set up and authorities were bracing for 80 miles per hour winds and storm surge and heavy rain that could threaten some low-lying areas, including around the power plant and water desalination facility.

Business

Wells Fargo (WFC) Stock Slips, Raymond James Downgrades

The Consumer Financial Protection Bureau , which along with other regulators hit Wells Fargo with a $ 185 million fine for opening almost two million bank and credit-card accounts without customer consent, proposed a new rule in May banning the use of arbitration clauses in financial products as a way to block class-action lawsuits .

Business

Federal carbon tax plan shows disrespect, will hurt economy: Wall

Trudeau outlined a plan Monday in the House of Commons calling for an initial levy of $10 per metric ton of emissions in 2016 - about $7.60 in USA dollars - that would rise in annual increments to $50-per-ton by 2022. The timing seems right as well, with a new Nanos poll showing 77 per cent of Canadians support or somewhat support Canada pursuing a national plan to meet global climate commitments.

Business

British PM May to trigger European Union divorce process by end of March

This is the first time since the Brexit vote in June that the British government has set out a clear timetable for the hugely complex task of unwinding its 40-year relationship with the U.K.'s biggest trading partner. Prime Minister Theresa May sets Brexit start date. "So we have to stay patient". Image caption The Daily Mirror says former England manager Sam Allardyce, who left the job after newspaper revelations following an undercover sting, hopes to get a job in the US.

Business

[Pictures] Google Pixel smartphones leaked by Verizon ahead of official launch

The Pixel and Pixel XL will run on Android 7.1 Nougat with Pixel Launcher. Both devices will be powered by a Qualcomm Snapdragon 821 processor and will come with 4GB of RAM, plus dual cameras. Google has already revealed the voice-activated smarthome gadget, but pricing is a mystery right now. The listing was spotted by Android Central , which noticed an interesting new bit of information that we didn't know about the phones.

Business

Kim Kardashian held at... 7:59AM

FILE - In this August 28, 2016 file photo , Kanye West, left, and Kim Kardashian West arrive at the MTV Video Music Awards in NY. They are said to have stolen jewellery worth £8.5million. local time , according to two police officials. It was at that moment that the mother-of-two had her hands bound with cuffs and her feet secured with duct tape.

Business

Mastercard brings biometric authentication to 12 European countries

Identity Check Mobile is being launched in 12 European markets-including Germany, Spain and the United Kingdom -and Mastercard plans to make the technology available "across the globe" in 2017. "We want to identify people for who they are, not what they remember", said Mastercard's president of security Ajay Bhalla. "This is a significant milestone in the evolution of payments".

Business

Worth Watching Stock: Southwest Airlines Co. (NYSE:LUV)

According to these analysts, the Low Revenue Estimate for Southwest Airlines Co.is 5.02 Billion and the High Revenue Estimate is 5.2 Billion. Analysts are expecting that the company to achieve $46.99 Price Target in next 52-weeks, average price is come up through the consensus of analysts.


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