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Trump edges closer to White House win, rattles world markets

Hillary Clinton's campaign chair John Podesta told her election night audience at Javits Center in Manhattan that the campaign will have no comment until later on Wednesday. Mary Massella, an Oakland nurse who emigrated as a child from Guatemala, said her phone was "going crazy" with broken-hearted relatives. The 45th president will inherit an anxious nation, deeply divided by economic and educational opportunities, race and culture.

Business

Not 1st-time India going for demonetization

The government has also chose to cap cash withdrawals from ATMs to Rs 2,000 a day and withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week. Though, for the sake of people, in the initial 72 hours, government hospitals will be accepting old Rs. 500 and 1000 notes till 11 November midnight.

Business

And INR 1000/- Notes To Fight Corruption. Watch PM Modi's Statement

The new 2000-rupee note comes with micro nano Global Positioning System chip to track the exact location of currency. Within hours of Prime Minister Narendra Modi announcing the surprise move in a televised address, people thronged to ATMs, standing in long lines in hopes of grabbing bills that might still be in circulation on Wednesday.

Business

Huma May Face New Headaches in Weiner Email Probe

Sign up to our daily newsletter for up to date global news and features. Mr Trump has been making political hay out of the FBI's new investigation, despite the fact Mr Comey's letter contained very little detail about what the FBI thinks it might have found.

Business

Know What To Do With Your Rs 500, Rs 1000 Note

As some ATM banks are likely to be closed for next two days, people have already lined up near ATM. Get it exchanged: Exchange old notes of Rs 500 and Rs 1,000 at banks or post offices (head or sub offices) by showing your ID proof. The Governor said that new legal tender currency printing of Rs. 500 and Rs. 2,000 is being worked on at the government mints. This is the major shocking news for those who were hiding black money.

Business

US Stocks Soar on Eve of Presidential Election

The S&P 500 is up 95.62 points, or 4.7 percent. All the 11 major S&P 500 sectors were higher, led by a 0.7 percent gain in the defensive utilities and telecom services sectors. The gains came as investors mostly focused on the latest developments in the US presidential race a day before the general election. Gold and U.S. Treasury bond prices fell.

Business

Rihanna Can't Vote, So She Wore This Meta Hillary Clinton Shirt Instead

Rihanna basically won the fashion game on Election Day. She also shared a selfie of herself in the shirt, which you can see below! In honor of the election, BadgalRiRi took a page out of their fashion playbook showed her support for Hillary Clinton with a meta t-shirt of her own.

Business

Rs 500, Rs 1000 notes won't be legal tender: Modi

Persons holding old notes of five hundred or one thousand rupees can deposit these notes in their bank or post office accounts from 10th November till close of banking hours on 30th December 2016 without any limit. Das while addressing a press conference said that the fake Indian currency notes and the usage of black money fuel inflation and corrode the basis of our economy and eat in its vitals.

Business

Donald Trump campaign sues, claiming Nevada county kept polls open too late

There are internet - you know the vernacular - trolls who could get this information and harass people. "This is required by state law, and so it is something we are already doing", the registrar's office said in a statement . Democrats had a six-point lead over Republicans in early voting turnout in Nevada, but the GOP hoped for higher Election Day turnout. The lawsuit was filed against Joseph Gloria, the Clark County registrar, who is responsible for voting in Nevada's biggest county.

Business

LA airport gunman sentenced to life in prison

Fitzgerald added that Ciancia has shown no remorse for the rampage and remains "resolute regarding his continuing "hatred" of at least certain federal employees". First Assistant U.S. Attorney Patrick R. Fitzgerald of the Central District of California, Assistant U.S. Attorney Melissa Mills of the Central District of California's Terrorism and Export Crimes Section, Assistant U.S.

Business

China Inflation Data On Tap For Wednesday

Consumer inflation in China rose for the second straight month during the period of October, matching what markets had initially anticipated. The price of vegetables and fruit rose 13 percent and 6 percent, respectively, year on year in October, compared with 7.5-percent and 6.7-percent increases in September.

Business

Ratan Tata named interim chairman of Tata Sons

His style of doing business was in sharp contrast to Mr Tata's, who spent billions of dollars acquiring global companies like steelmaker Corus and Jaguar Land Rover. Under Mr Mistry, the Tata Group has taken "significant steps towards deleveraging and better utilization of capital", Citigroup said, adding that his absence may impact the group's future strategy and delay the process of bringing down the debt levels.

Business

India scraps 500 and 1000 rupee bank notes overnight

New Series bank notes of Rs 500 and Rs 2,000 denominations will be introduced for circulation from 10th November, 2016. Starting from November 10th to December 30th, the process of depositing Rs 500, 1000 notes would be on; and till March 31, 2017, deposits can be made using ID card, after which all such notes would be useless.

Business

Dollar-Peso Rate Could Signal Final Election Result

In Florida, which holds 29 electoral votes and has been seen as a key seat for Trump in his bid for presidency, nearly all the votes are believed to have been counted, with Trump expected to be leading in the state by around 1.5 points. "Historically, since 1927 USA total share returns have been strongest at an average 16.7 percent per year when there has been a Democrat president and Republican control of the House, the Senate or both".

Business

Iqbal Day is not a public holiday, clarifies Interior Ministry

The Ministry of Interior took some days to take notice of these fake notifications. The earlier notifications attributed to the ministry declared that it will be a holiday. Private schools in Khyber Pakhtunkhwa will remain closed on Iqbal Day, the province's private educational institutions association has announced. Prior to previous year, November 9 had been celebrated as "Iqbal Day" to mark the birthday of Dr Allama Muhammad Iqbal who had given the idea of creation of Pakistan.

Business

Marriott Reports Q3 Results

Marriott's third-quarter results included $168 million in revenue from Starwood's eight days as part of the company. The stock presently has a consensus rating of "Hold" and a consensus target price of $76.68. -EPS Growth (Y-o-Y): 16.7% -Analysts Estimate: $0.89 -Revenue (Q3): $3.77 Bln vs. $3.58 Bln past year. Also, insider Craig S. Smith sold 1,373 shares of the company's stock in a transaction dated Tuesday, August 23rd.

Business

Mexican Peso Strengthens Against Dollar

But Trump's slight edge in Florida , Virginia, North Carolina and OH gave him an early advantage in the state-by-state fight for 270 Electoral College votes needed to win. With voting completed in more than two-thirds of the 50 US states, the race was still too close to call in Iowa, Michigan , Wisconsin, Pennsylvania and New Hampshire, states that could be vital to deciding who wins the presidency.

Business

Poll shows Hillary Clinton on the verge of history

His statement threatened to undermine a fundamental pillar of American democracy and raised the prospect that his fervent supporters would not view Clinton as a legitimate president if she won. Clinton overwhelmingly won the female vote in the primary against Bernie Sanders. She said she waited an hour for it to be fixed. "You think of the history of this election".

Business

North Dakota regulators eye fine against pipeline company

Enbridge Energy Partners L.P., an affiliate of Calgary-based Enbridge Inc., announced in August it was spending $1.5 billion U.S. to acquire a stake in the Bakken Pipeline System, which includes the Dakota Access pipeline and the Energy Transfer Crude Oil pipeline.

Business

China steps in to bar pro-independence advocates from public office

Beijing's decision, flagged in advance, sparked angry protests in Hong Kong on Sunday, with thousands of people taking to the streets in a demonstration reminiscent of the much larger 2014 pro-democracy Umbrella Movement campaign. Chinese Foreign Ministry spokesman Lu Kang said at a regular press briefing he hoped the worldwide community would see the decision reflected the will of the Chinese people.

Business

India scraps high currency notes to fight corruption

Raids on corrupt politicians and businesses regularly turn up people holding millions of dollars' worth of rupees, with cash sometimes filling dozens of boxes. Some people have misused their positions and benefitted. It appears the 1,000 rupee note will be done away with altogether. There will be a limit on withdrawal of Rs 10,000 per day and Rs 20,000 per week.

Business

India's Biggest Crackdown On Corruption: Foreign Media On PM Modi's Move

ATMs are set to be shut on November 9th. But numerous poor also do not have bank accounts and keep their savings in cash. He said, RBI has been concerned about growing menace of fake Indian currency notes. He said, new notes of 500 and 2000 rupees with greater security features and design will be circulated from Thursday. Modi told Indians they will have 50 days to deposit the old bills into bank or post office accounts, and the amount that people could withdraw would initially be limited.

Business

Election Results: Electoral predictions for Trump and Clinton

In 2012 , Republican Mitt Romney was still ahead in the electoral and popular vote at 10:30 p.m.; an hour later, President Barack Obama was on the brink of re-election. Donald Trump's eldest son, Donald Jr., told CNN that he thinks his father will "remain involved somewhat" if he loses the election. Hillary Clinton is relying on a highly touted ground game to drive up her numbers.

Business

India invalidates large bank notes in crackdown on crime

Last spring, the European Central Bank eliminated the 500-euro bank note (worth about $550). Hospitals will be allowed to accept the banned notes for another three days, until November 11. It also says: "It has been decided that all ATMs will remain closed for operations from the midnight of November 8, 2016 , so that they do not dispense the withdrawn OHD banknotes".

Business

US Fed keeps interest rates unchanged, says December hike likely

Despite some recent signs of improving health in the world's largest economy, analysts say the Federal Open Market Committee, the Fed's monetary policy board, is not under pressure to move on rates so close to the start of voting. And yet the unemployment rate is still at 5%-the result of more people entering the job market. U.S. Gross Domestic Product grew by a better-than-expected annualized rate of 2.9 percent in the third quarter, or a year-on-year rate of 1.5 percent, in the third ...

Business

Zacks Investment Research Lowers Fidelity National Financial Inc. (FNF) to Sell

They set a "buy" rating and a $89.00 target price for the company. Keefe, Bruyette & Woods lowered Fidelity National Financial from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $38.00 to $39.00 in a report on Monday, July 18th.

Business

U.S. Senate: New York re-elects Schumer

Long, who had eagerly embraced the outsider ethos and convention-defying policy positions of Donald J. Trump, riding New York's blue majority and deep name recognition to almost effortless re-election. Kirsten Gillibrand also beat Long by 72%. He cited criminal justice, tax, and immigration reforms as well as investments in infrastructure as areas where there can be compromise.

Business

Schumer Wins 4th Term In US Senate

Among registered voters, Democrats far outnumber Republicans in the state. The two former candidates for governor are running for one of four open seats in NY. The U.S. House race between Democrat Zephyr Teachout and Republican John Faso has turned into one of the most closely watched congressional matchups in the nation.

Business

President welcomes demonetisation of Rs 1000 and Rs 500 notes

Modi said that for medical reasons, the old notes will continued to be accepted till November 11. The limit will be raised in the coming days. He explained that the currency notes will be just paper with no value. The prime minister said that the move was also created to counter extremist groups who carry out attacks on India, saying "enemies from across the border" were financing their activities by mass producing counterfeit Indian notes.

Business

ATMs and petrol pumps see long queues across the city

Finance secretary Das said there had been a disproportionate rise in the number of 500 and 1,000 rupee notes in circulation in the last five years. He revealed that the new 500 rupee note would bear the image of Delhi's iconic Red Fort while the new pink 2,000 rupee note would feature India's "Mangalyaan" Mars orbiter.

Business

Asian shares jump as Federal Bureau of Investigation decides not to charge Clinton

In his letter written on November 6 - just two days before the presidential election - Comey course-corrected, writing: " Based on our review, we have not changed our conclusions that we expressed in July with respect to Secretary Clinton ".

Business

Rabada pushes South Africa towards victory

Australia went 1-0 down in the three-Test series when they lost by 177 runs in Perth on Monday. The home side need a further 370 runs in a minimum of 90 overs on the last day for the highest successful run-chase in Test history. "We came here with the expectation of putting in a big performance first up", Duminy, who top-scored in the Test with a second-innings 141, told BT Sport.

Business

India withdraws all 500 and 1000 rupee notes from circulation

This is quite an awesome step from the prime minister's side. Despite the prime minister, in his televised address to the nation, making it clear that people holding currency notes of Rs 500 and Rs 1,000 can deposit the same in their bank and post office accounts from November 10 to December 30, people rushed to ATMs and petrol pumps.

Business

Rs 500, Rs 1000 currency notes scrapped: Here's what you can do

This is quite an unbelievable step from the prime minister's side. Indians will have to deposit their old notes at banks or post offices before December 30 with withdrawal limits at 10,000 rupees a day and 20,000 a week in the first few days.

Business

Indian government recalls Rs 500 and Rs 1000 denomination currency notes

The withdrawal limit for ATM will eventually be fixed at Rs. 10,000 per day and Rs. 20,000 per week. The prime minister also emphasised on November 08 that the sudden move will impact the financing of terrorist activities in India, which often uses counterfeit notes and black money channels.


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