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Financial markets showing huge losses as prospects for Trump presidency rise

TOKYO/SEOUL Republican Donald Trump's victory in the USA presidential election will deepen Asian allies' anxiety about Washington's commitment to post-war security arrangements in the face of a rising China and volatile North Korea, and could bolster calls from conservatives in Tokyo for a more robust defence policy.

Business

Ways President-Elect Trump May Shake Up Trade Policy

The S&P 500 futures are down 1.1%, while the Nasdaq is down 1.5%. Proposed infrastructure investments and cuts to energy regulation , combined with large-scale tax cuts, could shift US fiscal policy into expansionary mode, stoking demand.

Business

Fed expected to leave key interest rate unchanged

The Fed said it would wait for "some further evidence" of progress and signaled that the case for a December rate hike strengthen. The central bank's rate-setting committee said the economy had gained steam and job growth remained solid. The unemployment rate is 5 percent, typical of a healthy economy, down from 10 percent in 2009, and the housing market, whose meltdown triggered the 2008 financial crisis and the recession, has largely recovered.

Business

U.S. Economy Adds Fewer Jobs than Expected, 195K Leave Labor Force

Average hourly earnings rose 0.3% month-on-month, economists forecast, and 2.6% year-on-year. The Conference Board noted one sour note was that growth in core services jobs - excluding education and healthcare - slowed in October. Newsletter has been successfully subscribed. The year-over-year increase was 2.8 per cent, compared with 2.7 per cent in the year ended in September.

Business

Latest Analyst Ratings For Church & Dwight Company, Inc. (NYSE:CHD)

The stock had a trading volume of 635,939 shares. Before Earnings Announcement on 08/04/2016, the firm had its stock price of $48.64. This Consumer Staples Sector stock now has the Market Capitalization of 11.43 Billion. The maker of Arm & Hammer baking soda reported earnings before the bell Thursday. Van ECK Associates Corp increased its stake in shares of Church & Dwight Co.by 28.0% in the second quarter.

Business

Mexico will not pay for Trump wall, but seeks cooperation

Expectations for a December interest-rate hike by the Federal Reserve, which had fallen to about 50 percent as results pointed to a Trump triumph, returned to nearly 80 percent. The FTSE 100 jumped up 1 per cent within minutes, and is now around 200 points above its level of the day before Tuesday's election. "Investors will right now be in the process of attempting to differentiate between Trump's actual policy positions and some of the more outlandish statements made on the campaign ...

Business

Suspect in Fatal Subway Attack Pleads Not Guilty to Murder Charge

Times Square-42nd Street subway station is the busiest in NY, serving 66 million riders annually with 10 subways lines and a shuttle to Grand Central Station. Manhattan Chief of Detectives William Aubry made an official statement at a press conference. In 2014, Kevin Darden, 34, was charged with killing a 61-year-old immigrant from Hong Kong, Wai Kuen Kwok, by shoving him into the path of a subway train in the Bronx.

Business

Share Performance and Target Price Review: Barrick Gold Corporation (USA) (NYSE:ABX)

During the most recent trading day, the stock's price shifted up +151.45% from its 52-week low and -26.08% lower from its 52-week high. Barrick Gold Corporation closed its last trading session at $17.35 with the loss of -1.15%. The median estimate represents a +32.56% increase from the last price of 17.35. Ferumoxytol, the company's key product candidate, is being developed for use as an intravenous iron replacement therapeutic for the treatment of iron deficiency anemia in chronic kidney ...

Business

How to Boost Your Android Smartphone's Gaming Performance in 3 Simple Steps

While the Pixel XL can go for 18W via a stock USB-PD charger, the Pixel is limited to 15W of charging. Nearly two months after last updating its Android distribution chart, Google has now revealed the number of devices that are currently running the various versions of its mobile OS.

Business

Economists see pain, then gain for India after bank note shock

India's National Stock Exchange share index slumped as much as 6.3 percent in early trade before recovering some of the losses by around noon. "I've got Rs 2,000 exchanged for Rs 1,300", said Krishna Kumar Agrawal. "Despite knee jerk reaction in the markets and economy, we believe this step is very positive for government finances, the inflation/interest rate outlook, and long-term GDP growth", Macquarie said in a note to clients.

Business

India scraps largest bank notes overnight

This new policy will send jitters through India's currency and stock markets. Vijay Mallya called SBI: I am ready to return all my debts but only in cash of 500 and 1000 notes . Businesses use what is known as "black money", with people using cash to avoid paying taxes. India has strict rules on how much money a single resident can take overseas.

Business

More bodies found at home of 'serial killer' Todd Kohlhepp

Investigators received a tip and searched Kohlhepp's home, where Brown was "chained like a dog" inside the storage container. The bodies have been identified as married couple Johnny Joe Coxie (29) and Meagan Leigh McCraw Coxie (25), Spartanburg County Coroner Rusty Clevenger told reporters at a news conference.

Business

For global economy, Trump victory intensifies uncertainties

Activist group Citizens for Tax Justice believes the figure is much higher. Trump has yet to specifically specify what's wrong with the agreement other than that it has taken away U.S.jobs. But the funding details remain uncertain; he has emphasized private money and said the plan would not increase the deficit. He's talked about slapping trade tariffs on China, which could start a trade war.

Business

Setback for Punjab as SC strikes down law axing water-sharing

Describing the SYL judgement by the apex court as a "major blow to the people of Punjab", Amarinder said here he had always fought for their legitimate right on this issue and continues to stand by them at this critical juncture in the state s journey.

Business

Conciliatory Speech by Donald Trump Helps Market Concerns

About the only victor amidst the turbulence was gold - seen as a safe haven in times of uncertainty - which soared 4.7 per cent. "Investors moved into complete "risk off" mode". The Mexican peso likewise tumbled and investors looking for safe assets bid up the price of gold. The peso rallied almost 1.4 percent on Tuesday before official election results began to be released as the market bet Clinton would win.

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ITV warns after advertising income hit by 'cautious behaviour'

But ITV predicted a further 7% fall in the final quarter of 2016 due to "the political and economic uncertainty". This will see net advertising revenues fall 3% over the full year, meaning annual profits will be left "broadly" in line with last year.

Business

End of Bedroom Tax? Landmark ruling could see hated policy scrapped

The court said councils should be able to decide which tenants get discretionary payments to help them. The court heard that she needs to sleep in a hospital bed, meaning Mr Carmichael needs to sleep in the spare room. The judges agreed that there were unreasonable differences in the way housing benefit regulations treated adults and children. James Daly, from Stoke, the father of a severely-disabled teenage son.

Business

Gyan rues absence from Ghana squad for Egypt clash

Ghana is seeking its first win in the series after drawing goalless with Uganda in the opening game of the qualifiers. The team was put together by Avram Grant last week and it included debutants Alhassan Wakaso, brother of Ghana midfielder Mubarak, and Barnsley player Andy Yiadom.

Business

2 dead, including gunman, in shooting near California polls

Two polling places in the area - Memorial Park North Recreation Center and Dalton Elementary School - were also impacted by the shooting, L.A. County Registrar-Recorder/County Clerk Dean Logan tweeted . However, Corina later said police had confirmed that only one suspect had been involved - a man found dead inside the house by police. After several hours, during which the suspect exchanged gunfire with the police, he was discovered dead in the house.

Business

SC man who chained woman like dog implicated in seven deaths

People drive and look while media sets up at Todd Kohlhepp's property in Woodruff, S.C. Sunday, Nov. 6, 2016. Brown, 30, was found Thursday when deputies investigating a tip about a sex crime heard banging from inside a metal container.

Business

British PM signals flexible visa policies for Indians

India today asked Britain to extradite almost 60 people wanted by it, including liquor baron Vijay Mallya and Christian Michel, the alleged middleman in the AgustaWestland helicopter deal, for bringing them back to face justice in India. Acknowledging that nine out of ten visa applications are already accepted from India, "we have, I believe, a good system", she commented. The Prime Minister said even though the quantum of bilateral trade has remained at the same level for the past five ...

Business

Coroner to identify 2 bodies found on property

The coroner said he found multiple gunshot wounds to the upper part of Carver's body. The Spartanburg residents were identified through extensive tattoos that matched photos of them, he said. They were removed on Monday, Bobo said. Kohlhepp has been charged with kidnapping and with four counts of murder for the bike shop deaths. The FBI and Homeland Security have joined the investigation.

Business

Trump's Stunning Victory and What Comes Next

Trump has threatened to impose big tariffs on imports from certain countries to force concessions to trade deals. The celebrity businessman threatened to penalize US firms that shift jobs overseas. Some leaders are smarting from insults that Trump doled out in the past few months, such as calling German Chancellor Angela Merkel "insane" for allowing more than 1 million migrants into the country a year ago.

Business

Canada to Trump: Sure, let's talk NAFTA

PRIME Minister Justin Trudeau on Wednesday congratulated Donald J. Trump on his election as the next President of the United States . "As a practical matter, if the Americans insist on re-negotiation, I don't see how we can refuse to sit down and talk".

Business

Global markets hit by 'Trump slump' after shock victory

The value of Mexico's currency plunged sharply after the election of President-elect Donald Tr. However neither markets nor currencies have swung as wildly as they did after June's European Union referendum - and many Asian markets saw losses narrow towards the end of Wednesday trading.

Business

Watch Hillary Clinton's concession speech here

Former President Bill Clinton speaks during a campaign rally for Democratic presidential candidate Hillary Clinton in Raleigh, N.C., Tuesday, Nov. 8, 2016. In 2000, Clinton became the only first lady to win elected office, as a USA senator from NY. Clinton topped the wealthy NY businessman on Tuesday to pick up Illinois' 20 electoral votes.

Business

India abolishes 500 and 1000 rupee bills to fight corruption, terrorism

The country's central bank said 405,000 counterfeit 500- and 1,000-rupee notes were found in the banking system in the year that ended in March, representing around $4 million. "I have only 500 rupees notes at home". Chidambaram said, "The prime minister justified this as a plan to crack down on black money". A sub-inspector in New Delhi said the police commissioner had issued orders to watch for disturbances, especially at key retail outlets like petrol pumps.

Business

Fed announces no hike in interest rates

McBride also noted, however, that this time there were only two votes dissenting from the decision, rather than the three that dissented from a similar previous decision. While Chairwoman Janet Yellen did not hint at a rate hike during her speech at the Federal Reserve Bank of Boston mid-October, minutes from the Fed's September meeting noted that a rate hike could come "relatively soon" if the US labor market continues to strengthen, meaning that Friday's jobs report will surely be ...

Business

Japan finance officials in emergency talks after US election

The Dow was up 142 points, or 0.8 percent, to 18,472 as of 11:33 a.m. Stocks are moving modestly lower in early trading on Wall Street, a day after the market's biggest surge since March. Earlier, investors had appeared persuaded that Hillary Clinton, seen as a more stable choice, would prevail. The Mexican peso fell 10% , the dollar dropped 3.4% against the yen and 1.7% against the euro, while it jumped against emerging market currencies.

Business

Digital wallet companies give thumbs up to demonetization

One of the major point was that Rs 500 and Rs 1,000 notes will cease to have legal tender from 9 November onwards. Meanwhile, the government said on Wednesday that banks will remain open during the coming weekend for convenience of people following its decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination.

Business

Actor Steven Seagal given Russian citizenship

Others include French actor Gerard Depardieu and US boxer Roy Jones Jr . 'He is known for his warm feelings to our country, he never made a secret of it'. A 7th-dan black belt in Aikido, he taught martial arts for a time in Japan. Firstly, he just made complimentary remarks about Putin, then actor went to Chechnya and hang out with Putin's friend Ramzan Kadyrov, where was dancing the traditional folk dance in the style.

Business

Does the GOP Senate victory matter?

But Ryan's promises for big deliverables from a government run by Republicans glosses over the challenges that have bedeviled the Republican Party since they took over the House in 2010 and the Senate in 2014. Trump's unanticipated strength in several key battleground states. The Republicans also appear poised to keep the Senate and will definitely keep the House.

Business

NYSE opening, Trump's conciliatory comments helped global markets

Global stock markets are sinking and the Mexican currency is plunging as initial results from the USA presidential election come in. London-based strategist with Societe Generale SA, Phoenix Kalen, told Bloomberg , "The peso is the number one target and it's in the eye of the storm, not just because of trade".

Business

Trump campaign files lawsuit in Nevada

They did, however, process voters who were in line at closing time to allow as many people to vote as possible. An attorney for Clark County Registrar of Voters Joe Gloria told Judge Gloria Sturman that, unlike on Election Day, early voters are allowed to get in line after the posted closing time, and the polls remain open until everyone has cast a ballot.

Business

Supply shortage pushes United Kingdom house prices up in October

Demand for residential property in the United Kingdom rose for the second consecutive month in October, the survey showed, propping up prices. As the market recovers after the shock vote to leave the European Union in June, agreed sales rose slightly last month, with a balance of 5% of surveyors seeing an increase.


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