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China moves to bar Hong Kong activists as fears grow over intervention

The National People's Congress in Beijing ruled that lawmakers must swear allegiance to Hong Kong as part of China and that candidates would be disqualified if they changed the wording of their oath of office or if they failed to take it in a honest and solemn manner.

Business

Federal Bureau of Investigation finds state department emails on Weiner laptop

The Palmieri email was among more than 2,000 new messages published Thursday by WikiLeaks . "We have one ultimate check on Hillary's corruption, and that is the power of the vote", Trump told supporters Sunday at a rally in Las Vegas. "Her emails were found on pervert Anthony Weiner's laptop". In the closing days of the race, there also has been speculation and contradictory reports about whether the FBI is investigating Donald Trump's possible connections with Russian Federation.

Business

Long queues at banks to exchange old notes

I thought of visiting the closest bank branch I could find in Bandra West. Two days after the scrapping of Rs 500 and Rs 1000 notes, banks will reopen today where public can either exchange or deposit their Rs 500 and Rs 1000 notes. While, Modi and his government took a calculated risk in this demonetisation, that act of the people of rushing out at night in a bid to change their high denomination notes for lower denomination currency, was an indication of just how unpredictable can be ...

Business

NCC Group PLC's (NCC) "Buy" Rating Reiterated at Peel Hunt

Barclays PLC downgraded shares of KCOM Group PLC to an "underweight" rating and set a GBX 110 ($1.36) price target on the stock.in a research note on Tuesday. NCC Group plc is a United Kingdom-based holding company. It operates in three segments: academic information, which includes the Taylor & Francis publishing business, provides a portfolio of online and print publications, primarily for academic users across the spectrum of science, technology, humanities and social sciences; professional ...

Business

Wall Street Reacts To Election; Stocks Up After Donald Trump Wins Presidency

The rally came after an 800-point plunge in overnight futures as Trump's victory became apparent early Wednesday, after investors somewhat duplicated the initial market turmoil and quick recovery that followed the stunning vote in Britain in June to leave the European Union.

Business

When Rs 500 And Rs 1000 Currency Notes Can't Buy You Anything

But bank officials said it would take some time to complete formalities for exchanging money but assured that there is adequate supply of notes. "I was in queue for four hours to exchange Rs 4,000". The BBC's Vikas Pandey, who has been out and about on the streets of Delhi since Thursday morning, says "almost every bank I have visited in old Delhi has long lines".

Business

Clinton, Trump make final push on last day of campaigning

Then on October 28, Comey told lawmakers the FBI found new Clinton emails in a separate investigation. That was the same way that Comey had initially thrown the presidential race into flux late last month, when he sent a letter to Congress saying newly discovered emails on Weiner's device, which came up in a separate investigation, were being looked at in relation to the Clinton investigation.

Business

Lewis Hamilton wins Mexican Grand Prix to keep slim title hopes alive

With two races left on the race calendar, a win for his German counterpart in Brazil will result in Hamilton losing the Championship. Ricciardo is chasing a second consecutive podium finish after his third at last week's US Grand Prix won by Hamilton.

Business

Trump trade talks will be constructive, says Hammond

Mr Hammond acknowledged work that China has done to reduce its overall output but insisted European Union countries still need to find a way to protect themselves against "market distorting trade patterns". There will be an announcement that the Chinese contractor CITIC Construction is to invest £200m in the first phase of the £1.7bn London Royal Albert Docks project, headed by the Chinese developer ABP.

Business

American Airlines Boosts Guidance as Ticket Prices Gain and Capacity Falls

Finally, Buckingham Research reiterated a "buy" rating and set a $49.00 price target (up previously from $44.00) on shares of American Airlines Group in a research report on Tuesday, July 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. American Airlines Group Inc. 4 given Buy rating to the stock whereas 3 analysts given UNDERPERFORM rating to stock and 5 analysts given HOLD rating.

Business

USA inflation fears brings 'steep' rise in yield curve

Benchmark U.S. 10-year bond yields also advanced, climbing to their highest level since January as they rose 18 basis points, the biggest increase since July 2013. The dollar showed some resilience in the afternoon, following news that the Ministry of Finance, the Financial Services Agency and the Bank of Japan were set to hold a meeting to discuss financial market conditions, traders said.

Business

Journalist shot while on-air at Standing Rock protests

Energy Transfer Partners has said the pipeline is almost complete other than the work in south central North Dakota. The tribe says the pipeline will desecrate sacred land and potentially contaminate water supplies. His mother, Sonya Atalay , an assistant professor of archaeology, said she talks to her children all the time about what's happening. "We seek the same consideration as those citizens", Dave Archambault II, chairman of the Standing Rock Sioux tribe , said in a statement on ...

Business

Toblerone's makers face backlash after changing shape of iconic chocolate

Some British consumers likened the new shape to a toothless comb, others to the mouth of a crocodile. Mondelez International has reduced the weight of some Toblerone bars in the United Kingdom, it said in a statement on its Facebook page .

Business

Drug firm AstraZeneca says 3Q earnings fall 12 percent

Profit before tax, however, fell 27% to 676 million and missed analysts' expectations of $731 million. The company, which in August agreed to sell its small molecule antibiotics business to United States sector peer Pfizer, said revenue in the three-month period declined 4% year-on-year to $5.7bn (£4.6bn), although core earnings per share were 28% higher than in the corresponding period in the previous year to $1.32.

Business

Manulife's profit surges almost 80% in third quarter

Macquarie cut shares of Manulife Financial Corp. from an "outperform" rating to a "neutral" rating in a research report on Thursday, August 4th. 02/12/2016 - Manulife Financial Corp had its "overweight" rating reiterated by analysts at Barclays.

Business

US stock indexes mostly higher in early trading; oil slumps

President-elect Donald Trump may not be bad for the USA stock market after all despite many in Wall Street putting their money on his defeated opponent Hillary Clinton. Read Thursday's Arkansas Democrat-Gazette for full details. That gave investors a reason to sell shares in firearm makers. It has since pulled that back slightly to an 8 percent loss.

Business

Toronto stock market falls back, loonie down

Trump has repeatedly attacked the outsourcing of U.S. auto jobs and the North American Free Trade Agreement (NAFTA). "I think this (Trump presidency) could be an overall benefit to the Canadian economy and Canadian stock market", said Philip Petursson, chief investment strategist at Manulife Investments.

Business

Safe-haven assets soar, Mexican peso plummets

The U.S. dollar index was off 0.3 percent after falling as much as 2 percent overnight while gold was up 2.1 percent after climbing as much as 4.9 percent. "Like Brexit, the rally over the last two days increases the downside potential if Donald Trump does win the election", he added, referring to Britain's unexpected vote to leave the European Union that shook world markets.

Business

Insecticides India Q2 net profit up 59% at Rs 28.68 crore

As per the financial results of the firm, the total income increased to Rs 6,480.2 crore in the quarter under review by 30 percent from over Rs 4,990 crore in the year ago period. Bank of India's gross NPAs rose to Rs 52,261.95 crore as on 30 September 2016, from Rs 51,874.50 crore as on 30 June 2016 and Rs 29,893.67 crore as on 30 September 2015.

Business

Canadiens give up 10 goals to Columbus Blue Jackets in epic loss

But as the Blue Jackets continued to score - and continued to creep closer to cracking double digits - you can rest assured that many of those same people who chose to stop watching tuned back in, just to see if Columbus could actually add a digit to the score board and put up a 10th goal.

Business

Energy officials looking into shortages after Colonial blast

The state of emergency will enable Alabama to obtain a waiver from the federal government for transporting gasoline through the state, and avert fuel shortages caused by the pipeline disruption. "At this time, we anticipate Line 1 remaining down for the remainder of this week". Minner says Colonial must follow very specific guidelines set by agencies, such as U.S.

Business

Preliminary results reveal support for local school bond measures

Galt Joint Union High School District's Measure E received almost 63 percent of the vote and will raise $36 million through an estimated $30 per $100,000 of a property's assessed value. Parcel tax revenue for past year totalled around $10 million, and makes up about 17 percent of the district's annual budget. In Myrtle Creek, the school board and administrators are now considering their future course of action after Measure 10-150 was rejected Tuesday by voters in the South Umpqua School ...

Business

What President Trump Means for Your Pocketbook

But one of the biggest concerns about Trump, reflected in the plummeting financial markets Tuesday night and Wednesday, is the uncertainty surrounding him. The U.S.is a major market for German companies like BMW and Daimler. Tilney Bestinvest managing director Jason Hollands claims emerging markets are more exposed to "Trump-induced downside" than United States shares.

Business

Asia shares sink as Trump reported taking lead in vote count

Bond prices tumbled, driving up the yield on the 10-year Treasury note to 1.97 percent from 1.86 percent late Tuesday. The Financial Times Stock Exchange 100 Index demonstrated at 1.4% decrease at the commencement of trade and is now recovered to 0.4%.

Business

Losing to Donald Trump painful - Hillary Clinton

But I feel pride and gratitude for this wonderful campaign that we built together - this vast, diverse, creative, unruly, energized campaign. "You have represented the best of America". On Wednesday, Hillary Clinton publicly ended her 2016 campaign with a speech in New York City. "I hope he will be a successful president for all Americans", she said.

Business

Like Gore, Clinton Will Likely Win The Popular Vote

To many policy experts, economists, military brass, diplomats - the establishment, Trump would say - Trump's proposals are viewed as improbable, impossible, and at times unconstitutional. A NY real estate developer who lives in a sparkling Manhattan high-rise, Trump forged a striking connection with white , working class Americans who feel left behind in a changing economy and diversifying country.

Business

Trump Praises Clinton, Preaches Unity in Victory Speech

The White House said Obama called the Republican in the early hours of the morning to congratulate him on his victory in the presidential campaign, which marked a forceful rebuke by voters to Obama's eight years in office. Obama said on Wednesday that despite his major differences with the NY real estate magnate, he would follow the lead of former Republican President George W.

Business

West Virginia could prove strong Trump territory Tuesday

JB McCuskey is the first Republican elected as West Virginia's auditor since 1928. Republicans will keep control of both the House of Delegates and state Senate. She later said it was a "misstatement", but the sound bite has remained a key GOP weapon. West Virginia in recent years has suffered job losses and state budget shortfalls with a sharp downturn in coal mining.

Business

Gold Rallies, then Falls Back to Earth, after Trump Win

The Federal Reserve raised its benchmark rate to a range between 0.25 percent and 0.5 percent last December and has kept it steady due to the risks of an economic slowdown as well as market turbulence from overseas. "We think economic conditions and Fed rhetoric both point to going in December", said Jeremy Schwartz, economist at Credit Suisse in NY. Markets have also questioned whether Mr.

Business

Banks to remain open this Saturday, Sunday

The scrapped notes will soon be replaced by the new notes. Reserve Bank of India Governor Urjit Patel said the decision to devalidate 500/1,000 currency notes was taken at an opportune moment as one can exchange the old notes with new ones.

Business

Stocks surge following Donald Trump victory

Russia's main share index closed up 2.2 percent, leading emerging markets, amid speculation that Donald Trump's election as USA president could spell an eventual end to sanctions imposed over the Ukraine crisis. Traders also bid up shares in defense contractors, anticipating the companies will thrive under a Trump presidency. Stock futures and the dollar fell sharply overnight as word of Trump's victory spread.

Business

As Trump closes in on victory, financial markets in major nosedive

But conciliatory comments from the president-elect helped global stock markets recover a large chunk of their earlier losses. But once traders digested that Trump ahd prevailed, they piled into health care and financial stocks, sectors seen as likely to fare poorly under a Clinton administration.

Business

India businesses say shock currency swap painful but needed

India's highest-denomination currency notes are being withdrawn immediately from circulation, the country's prime minister said Tuesday night, a surprise announcement created to fight corruption and target people who have stashed away vast amounts of cash.

Business

USC set to face balanced Washington offense

Quarterback Sam Darnold , whose first career start came September 23 at Utah, has two games with five touchdowns. USC remains unranked in the AP poll, but is one of just 10 Power 5 programs unbeaten since the start of October. "Some of the times I went back to throw and didn't expect someone to be in the spot that they were", Darnold said. Washington versus the USC Trojans makes up for the Pac-12 not usually getting its fair share of games.

Business

Demonetisation effect: Long queues in front of banks to change old notes

New notes of Rs 500 and Rs 2000 were released into the economy on Thursday. "In a few months, Rs 1,000 notes with new features will be brought into the market", said Economic Affairs Secretary Shaktikanta Das while addressing the Economic Editor's Conference here on Thursday.


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