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Sterling bounces off record trade-weighted low as MPs flex Brexit

The dollar edged down 0.1 per cent to 103.45 yen, while the euro was steady at $1.1052, recovering from a dip as low as $1.1049, its deepest nadir since early August. On Tuesday, October 11 sterling fell to a 31-year low against the U.S. dollar over concerns of a possible "hard Brexit". Anxious by the outlook for capital flows, Deutsche Bank strategist George Saravelos has been predicting sterling to fall to $1.15 since past year and he said the pound might now get there faster.

Business

Ben Affleck's killer 'Accountant' adds up to fun

As Christian, Affleck doesn't show his character as an unprivileged freak. The film is far more potboiler thriller than prestige picture, but Affleck is fun to watch in this against-type performance. Actor Ben Affleck says he does not believe in tactics to shape how a career should look like. He turns that into an asset in playing this socially awkward accountant.

Business

Germany's Merkel in Mali to strengthen development, ties

Merkel told an audience of business leaders in Berlin. Merkel has described Africa, with its population of 1.2 billion, as "the central problem" in the migration issue, and last month said the European Union needed to establish migrant deals with north African countries along the lines of a deal with Turkey.

Business

Christie faces official misconduct complaint for bridge case

The judge signed the summons and now, the case goes to the Bergen County prosecutor's office, which will decide whether the case will lead to an indictment. The summons will require Christie to appear in court but does not give law enforcement the authority to arrest him. According to Brennan, the governor was made aware of the motivations behind the closures during a September 11 memorial service in 2013-just two days into the week-long closures.

Business

Syrian men captured German bomb suspect

Police in Leipzig said Jaber Albakr was subdued by another Syrian and that individual's two Syrian roommates who had seen "wanted" posters. During the manhunt, federal police had increased security around the country, particularly around "critical infrastructure" like train stations and airports.

Business

VNBTrust National Association Holds Position in Altria Group (MO)

Tortoise Investment Management LLC raised its stake in shares of Altria Group by 26.6% in the second quarter. On the company's financial health, Altria Group Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016.

Business

Lavrov Says 'No Special Expectations' For Syria Meeting

The Kremlin said on Friday Russia may sell Turkey missile defence systems, but denied that a grand bargain on Syria had been struck between the two countries. Near Damascus, more than 1,200 people including rebel fighters and their families were bussed out of the towns of Qudsaya and al-Haamah on Thursday under a local deal with the government.

Business

Price Review of Stock: Las Vegas Sands Corp. (NYSE:LVS)

The stock's market capitalization is 46.39B, it has a 52-week low of 34.88 and a 52-week high of 59.81. TheStreet raised shares of Las Vegas Sands Corp. Las Vegas Sands Corp. was Upgraded by BofA/Merrill to " Buy" on Oct 4, 2016. With an institutional ownership near 90%, it carries an earnings per share ratio of 1.44.

Business

US Samsung Note 7 recall expanded to replacement phones in US

With the dent in revenue, operating profit will be lower by mid-two trillion won in the fourth quarter and about a trillion won in the first three months of 2017, Samsung said. The color has been very popular among Galaxy Note 7 owners and the company hopes it would convince many users to switch to an S7 edge. The recall covers about 1.9 million phones in the US.

Business

Replaced Galaxy Note 7 Catches Fire in Plane

A flight from Kentucky was evacuated today after a passenger's Samsung Galaxy Note 7 phone began smoking shortly before takeoff. Surprisingly, the smartphone in question is a replacement Galaxy Note 7 , which was deemed safe by Samsung .

Business

Analysts Offer Predictions for Exxon Mobil Corp.'s Q3 2016 Earnings (XOM)

Profit Investment Management reduced its stake in Exxon Mobil Corporation by 42.06% during the most recent quarter end. The company has mean EPS estimate of 0.94 reported by 13 number of analyst for the quarter ending Oct 28, 2016. The stock was assessed in terms of profitability as current quarter EPS estimate trends showed $0.60 at current month while compared with $0.68 in a month ago.

Business

Francisco Lindor belts two-run home run to give Indians lead

Friday night in Game 1 of the AL Championship Series, they did it to the Blue Jays, 2-0. The Blue Jays had two runners on base in each of the first three innings and failed to score all three times against Kluber. All six of the hits he gave up came with two strikes. The Blue Jays are scheduled to face the Cleveland Indians in Game 1 of baseball's American Le.

Business

'Millions of European Union nationals can stay in the United Kingdom after Brexit'

Much of the fall has been driven by concern that May's Conservative government favors a "hard Brexit" which curbs migration from the European Union, rather than a "soft Brexit " which emphasizes maintaining close economic ties. May also reiterated her wishes for informal preparatory talks with Brussels, to aide a smoother negotiation before the process is officially triggered, despite their insistence that no negotiations will take place before Article 50 is used to notify the EU Parliament ...

Business

Bank of America, (NYSE:BAC), Lowe's Companies, (NYSE:LOW)

The company has dropped -16.74% in past 3 months and in the last five trades has moved down -15.83%. Bank of America Corporation is a bank holding company and a financial holding company. Bank of America Corporation (NYSE: BAC ) reported earning per shares for the quarter ending Oct 17 BMO at 0.41, whereas, 28 number of analysts estimated the mean EPS at 0.36.

Business

Britain can not 'have the European Union cake and eat it too'

Separately, a British court began hearing whether Parliament rather than May should have the power to start the exit process. From the Conservative Party Conference last week, Prime Minister Theresa May made clear she prioritized control of borders and movement of labour over single market access.

Business

Earnings Around the Corner for Netflix, Inc. (NASDAQ:NFLX)

NFLX has been the topic of a number of other research reports . Capstone Asset Management Co. boosted its position in Netflix by 3.3% in the third quarter. They noted that the move was a valuation call. Needham & Company LLC lowered Netflix from a buy rating to a hold rating and upped their target price for the company from $95.15 to $96.67 in a research report on Tuesday, July 5th.

Business

Gov't bans Samsung Galaxy Note 7 phones from airliners

USA officials Friday banned all Samsung Galaxy Note 7 smartphones from airplanes, saying anyone attempting to travel with the recalled handsets may face fines and have the devices confiscated. Samsung said in a statement that it is working with the department to make customers aware of the ban. This ban now puts Galaxy Note 7 smartphones on the long list of items banned from flights, which includes lighter fluid, electronic cigarettes and hand grenades.

Business

Lindor homers as Indians race past Jays 2-0 in ALCS opener

Gibbons isn't about to change anything, he says, because the team has been winning and he likes the lineup the way it is. Could he reveal his nickname, Pillar was asked. Edwin Encarnacion already has three homers this postseason, including the game-winner in the wild-card game. Toronto also put runners on in the fourth, sixth and eighth but couldn't get anybody past second base.

Business

Trump Taj Mahal Casino Closes In Atlantic City After 26 Years

Icahn said in a statement yesterday the casino lost almost $350 million over a few years. Despite maintaining his name on the building, Republican presidential nominee and real estate mogul Donald Trump no longer has an ownership state in the casino, and has not for several years.

Business

Oil price rises with Russian Federation comments on cutting production

Although U.S. tight oil production has contracted, the agency found that Russian and OPEC production levels continue to show "impressive resilience". OPEC said it was "mainly due to new projects coming on stream in Russia". "If OPEC sticks to its new target, the market's rebalancing could come faster".

Business

Trump on sex assault allegations: 'I am a victim'

One week after posting the Access Hollywood tape in which Donald Trump boasted he was so famous he could grab women's genitalia with impunity, The Washington Post has posted a new video in which a woman says he did just that to her at a Manhattan nightclub in the 90's.

Business

NZ dollar static after Fed minutes release

In that policy statement, the Fed incorporated new phrasing saying it would maintain current interest rate levels for "the time being", widely seen as a hawkish signal. As the participation rate has remained near historic lows, the US Department of Labor has pointed out that a contributing factor are the many baby boomers who are leaving the labor market and retiring.

Business

Buffett: No Issue To Release Taxes Under Audit

The unusual statement from Mr Buffett came a day after the Republican presidential nominee during the second presidential debate in St Louis, alleged that he also could have had taken "massive deductions" in his income tax returns. Trump's plan would increase after-tax incomes of the wealthy between 10.2 to 19.9 percent, according to the Tax Foundation, and deliver a tax cut equivalent to about 1.32 percent of GDP.

Business

Pound slumps to 168-year low

Experts believed that the latest depreciation in the pound was triggered by concerns on the world market that the United Kingdom would opt for a "hard" Brexit, meaning it would choose full control of its borders over access to the common European market.

Business

Embroiled in scandal, Wells Fargo CEO resigns

He needs to restore the bank's reputation after revelations that staff opened as many as two million accounts without customers' knowledge to meet internal sales goals and he has to navigate a litany of federal and state investigations arising from those revelations.

Business

NTSB investigators resume probe at NJ Transit crash scene

New Jersey Transit trains have been involved in more than 150 accidents that caused more than $4.8 million in damage to tracks or equipment since 2011, and the commuter rail has paid more than $500,000 to settle safety violations, according to federal data.

Business

U.S. dollar climbs ahead of Fed minutes

And a couple argued that further postponing an increase could threaten the Fed's credibility: Officials had started the year anticipating as many as four rate hikes. Futures traders give about a 60 per cent chance of a rate rise in mid-December when the Fed holds its final policy meeting of the year, and only an 8 per cent chance for a move in early November, when the Fed also will hold a meeting.

Business

Sinochem, ChemChina to be merged, sources disclose

For example, Sinochem International Corp jumped as much as 10 per cent and ChemChina's Aeolus Tyre Co climbed as much as 4.3 per cent in Shanghai trading. Backing from Sinochem might help ChemChina finance its Syngenta deal on more favourable terms, the source said. Combining the two companies, which make everything from refined oil products to latex gloves and insecticides, would propel it into the top echelons of the competitive global chemicals, fertiliser and oil industries.

Business

Gold prices hold steady, eyes on U.S

Sentiment remains firmly bearish towards the Pound and this stalling before the Brexit could only last so long before sellers send prices much lower. The yield on the USA 10-year Treasuries rose to 1.78 percent, edging towards the four-month high of 1.80 percent hit earlier in the week and putting upward pressure on Germany's 10-year Bund yield.

Business

Progressive Post Earnings Results

The firm has "Sell" rating by Deutsche Bank given on Monday, September 19. William Blair reaffirmed an "outperform" rating on shares of Progressive Corp.in a research note on Saturday, September 10th. In other news, insider M Jeffrey Charney sold 7,000 shares of the business's stock in a transaction on Friday, September 2nd. Following the sale, the insider now directly owns 9,420 shares of the company's stock, valued at $312,461.40.

Business

L.P.'s (KKR) "Buy" Rating Reaffirmed at Jefferies Group

L.P. has seen performance for this week at -2.51%. KKR & Co LP's ill-fated takeover of a Brazilian data center provider has embroiled the private equity firm in a battle with the sellers in the accord as well as a key lender as it struggles to unwind the transaction on its own terms.

Business

After the scandal, Wells Fargo's damage becomes apparent

But at Wells' 6,000 USA branches, there are signs that customers are backing away, even though the bank says it clamped down on the abuses over a year ago. In addition, referrals for mortgages from Wells' retail branches were down 24 percent from August. Senior executives who have forfeited compensation over the scandal include John Stumpf, who resigned as CEO Wednesday and gave up $41 million in stock.

Business

Humming helps Djokovic through, Murray hits high notes in Shanghai

He saved two match points in the tiebreaker. There were ominous signs for Goffin when he handed over a break with a double fault, although Murray almost gave one straight back before he recovered from 15-40 down to open a 5-2 lead in the first set.

Business

Wells Fargo will try to win back work with Ohio

The scandal has shattered the bank's folksy image, and Wells Fargo, once a Wall Street darling for its ability to sell multiple products to individual customers, said on Friday that new account openings had dropped sharply. Chief Operating Officer Tim Sloan was named to replace him. "We know that it will take time and a lot of hard work to earn back our reputation, but I am confident because of the incredible caliber of our team members".

Business

United States dollar climbs ahead of Fed minutes

The minutes of the meeting show that some Fed members pushed for raising interest rates, and even raised concerns about the effect of interest rates remaining low. "Markets are a bit more confident regarding a December hike". The dollar was last up 0.71 percent against the yen at 104.23 yen. A previous hike was made last December, increasing interest rates from almost zero to their current levels of 0.25%-0.5%.


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