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Queues seen outside banks, ATMs on second day

The old 500 and 1,000 accounted for almost 85 percent of the currency in circulation leaving many people, especially the rural and urban poor, without cash. "The RBI has messed up its planning in supply of small denomination notes". Experts said since the new Rs 500 and Rs 2,000 notes would be different in size and shape from the old Rs 500 and Rs 1,000 ones, engineers would have to readjust the cash trays, or cassettes, and the software running the machines.

Business

Swastikas drawn on dorm room doors at The New School

Later that afternoon, New School President David Van Zandt issued a statement about the defacement of four dorm room doors , which he followed up with a second statement on Sunday. Mayor Bill de Blasio, who has spoken out against the Trump administration's stance on immigration, health care, and reproductive rights, tweeted his support of the New School and decried the hate speech.

Business

Demonetisation: Queues get longer at banks, ATMs

From automated teller machines, individuals will now be able to take out up to 2,500 rupees of cash per day instead of 2,000 rupees per day, the ministry said in a statement. The current configuration of ATMs, which has four money cassettes or slots with three for Rs 500 and Rs 1,000 notes and only one for Rs 100 notes, were also creating problems.

Business

Clinton Says Comey Letter Sealed Election for Trump

And we were feeling like we had put it back together", she continued. While the second letter cleared her of wrongdoing, Clinton said that reinforced to Trump's supporters that the system was rigged in her favor and motivated them to mobilize on Election Day.

Business

Trump names new senior aides who are a sharp contrast

Sources say Priebus and Trump have grown very close over the course of the campaign. Stephen Bannon, Trump's campaign CEO and executive chairman of Breitbart News , was the other frontrunner for the chief of staff position. Also, Trump told the 60 Minutes television news magazine he will deport or incarcerate "2 to 3 million" undocumented immigrants "that are criminal", when he takes office next year.

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Members of group honoring Federal Bureau of Investigation boss have longtime Trump ties

She will vote Tuesday, and her millennial daughter, for Clinton, a decision she made when it first became clear "He" would be the Republican nominee. The Republican blasted through Democrats' longstanding firewall, carrying Pennsylvania and Wisconsin, states that hadn't voted for a GOP presidential candidate since the 1980s.

Business

Judge Orders Amazon To Reimburse Parents Over Unauthorized App Purchases

The order, issued by U.S. District Judge John Coughenour in Seattle, came after a 2014 case brought by the Federal Trade Commission. The case brought against Amazon in the U.S. It wasn't rare for some kids who played these games to make multiple in-app purchases without the knowledge or the consent of their parents. He says , "It removes the uncertainty of the proper lump sum amount that the parties have vigorously disputed".

Business

Toyota To Pay More Than $3B To Settle Truck Lawsuit

Hence, a total of about 1.5 million vehicles will be covered under the settlement. An additional $90 million will then be spent on inspections at $60 per vehicle, reports Automotive News . The settlement estimates the value of replacing the frame at roughly United States dollars 15,000 per vehicle. The Japan-based automaker also entered into an agreement to pay just over $9.75 million in fees to attorneys, $150,000 for expenses and costs and another $2,500 each to the eight named class ...

Business

Australia ratifies Paris Agreement in the face of Trump's climate change denial

Ebell's appointment could derail the United States' commitments to the Paris Agreement signed past year. If Trump sticks to his word when he takes office in 2017, there will be several ways he can pull the USA out of the agreement, according to ClimateCentral.org.

Business

Sell-off resumes, sending yields to 2016 highs

The yield on the benchmark 10-year Treasury note reached a high of 2.238% Monday, up from 2.118% on Thursday's close after USA government bond markets were closed Friday. However, a predicted crash in stock markets has not materialised. Typically a high growth, high spending, low tax economic landscape would be expected to strengthen the dollar.

Business

Inflation tipped to reach two-year high in new figures

The report reads in part, "The CPI which measures inflation increased by 18.3 per cent (year-on-year) in October 2016, 0.48 percent points higher from the rate recorded in September". Inflation jumped to 1.2 per cent in October as the falling pound drove up the price of everything from Marmite to Walkers Crisps, official figures are likely to show this week.

Business

Walt Disney Co 8.4% Potential Decrease Now Implied by Barclays

They now have a $125.00 price objective on the entertainment giant's stock. Stifel Nicolaus reaffirmed a hold rating and set a $110.00 price objective on shares of The Walt Disney in a research report on Friday. Revenue in the parks and resorts segment rose 1% to $4.39 billion, but that fell short of analysts' estimates for $4.57 billion and operating income decreased 5% to $699 million.

Business

Savannah Resources Plc's (SAV) "Corporate" Rating Reaffirmed at Northland Securities

Shawbrook Group PLC (LON:SHAW) has declined 17.93% since April 8, 2016 and is downtrending. It has outperformed by 31.31% the S&P500. The average target is 4.90GBX with zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.

Business

The Growth Forecast For:EverBank Financial Corp. (NYSE:EVER)

Several other large investors also recently modified their holdings of the stock. They now own 435.73 million shares or 2.30% less from 446.00 million shares in 2016Q1. Company shares were Reiterated by FBR & Co. on Oct 24, 2016 to "Mkt Perform", Firm has raised the Price Target to $ 38 from a previous price target of $36.

Business

Tata Chemicals Director Quits Amid Dispute With Company Board

Mistry was also accused of abandoning the philosophy of the Tatas in his quest to close loss making concerns. Tata Sons owns 31 per cent stake in Tata Chemicals. In an exchange statement Thursday, Tata Chemicals independent directors voiced confidence in the leadership of Mistry, who remains chairman of the soda ash producer, and reaffirmed decisions taken by him.

Business

Modi holds wide-ranging talks with Abe

The move has drawn staunch criticism from some sections of the worldwide community as well as anti-nuclear advocates, as this marks the first time Japan has inked this kind of deal with a country that is not a signatory of the global Nuclear Non-Proliferation Treaty.

Business

Singles' Day sales break record again in China

Below, a look at the staggering numbers behind this one-day shopping blitz. The company brought in $7 million during the first Singles Day sales event in 2009, which included 27 merchants . Former football player David Beckham and basketball player Kobe Bryant attended Alibaba's countdown this year. The business regulator of China warned mainland online shopping platforms this week against suspect sales tactics.

Business

2016 on track for hottest year on record

Apart from getting majorly affected by the CO2, the researchers also found that the El Nino effect too had an impact on the climate. "Another year. Another record", said WMO secretary-general, Petteri Taalas. Global surface temperatures in the last few years have received a bump in recent years because of a large El Niñ0 event, which brought warm water up from the depths of the Pacific ocean and released the energy into the atmosphere.

Business

Modi Raises Banknote Limits as Banks Get $44 Billion in Deposits

The amount people can now take out from ATMs daily has been hiked from Rs 2,000 to Rs 2,500 and the amount of withdrawal across bank counters has gone up from Rs 4,000 to Rs 4,500, the Finance Ministry said. The limit of Rs.10,000 per day has been removed. The release said the Ministry of Finance was continuously coordinating with the Reserve Bank of India (RBI), banks and post offices to make all denominations of notes available at all locations.

Business

Exxon Mobil Corporation (NYSE:XOM), Yum China Holdings Inc (NYSE:YUMC)

BB&T Corp now owns 952,980 shares of the company's stock worth $89,332,000 after buying an additional 148,235 shares during the period. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 5 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating to DexCom, Inc.

Business

Donald Trump Discusses his Election Victory on 60 Minutes

President-elect Donald Trump has a message for his supporters who are harassing minorities: Knock it off. Asked specifically whether he wants the Supreme Court to repeal the landmark Roe v. Trump also said that he's willing to deport or incarcerate 2 million to 3 million people in the country illegally who "are criminal and have criminal records, gang members, drug dealers".

Business

Stocks inside Traders Spotlight: NVIDIA Corporation (NASDAQ:NVDA)

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vetr lowered Nvidia Corp. from a sell rating to a strong sell rating and set a $49.47 target price for the company.in a research report on Monday, July 25th.

Business

American Apparel files for second bankruptcy in just over a year

The retailer first filed for bankruptcy in the U.S. in October 2015. The Montreal, Canada-based company said it would separately purchase inventory from American Apparel "to ensure seamless supply of goods in the printwear channel while the company integrates the brand".

Business

Your Mail 11-13: Popular vote vs. Electoral College

Harold Clarke, a political scientist at the University of Texas at Dallas who regularly conducts polling, said one of the shortfalls in the presidential prediction was a problem that has plagued survey science for decades. When presidential candidates devote virtually all of their attention to 12 states (representing just 30% of the nation's voters), it is not just about TV advertising and rallies.

Business

Sellers Participate in Amazon UK Black Friday Sale

One of the earliest to announce perhaps the most irresistible offers is Amazon and after a brief tease of its highly anticipated Black Friday event, the online retail giant made it known that its deals are to last for two weeks, giving would-be shoppers a lot of time to decide, but looking at what is being offered right now, making that decision isn't really that hard.

Business

Chaos outside banks across the country for 3rd day

Demonetisation will greatly benefit economy: Amit ShahNovember 11, 2016 Here's why many ATMs are still offlineNovember 11, 2016 A method in the shock thera... India's Finance Minister Arun Jaitley said there would be no harassment for small deposits. "I tried to exchange the new Rs 2,000 note with others but no one was willing to do", a tearful Lakshmi told IANS.

Business

Britain's biggest sandwich maker Greencore to buy USA firm Peaco

Peacock is seen as a strong player in the United States frozen breakfast sandwich market, as well as in children's chilled meals and salad kits, and has long-standing relationships with industry leaders including Kraft Heinz, Dole and Tyson Foods.

Business

Siemens agrees to buy Oregon-based Mentor Graphics for $4.5B

That's 21 percent above the closing price on Friday. Mentor's Board of Directors approved the merger, and recommends the approval by shareholders. The sale of Mentor Graphics, based in Wilsonville, Ore., and run by Chief Executive Wally Rhines, will cap off a long road for a company that has been no stranger to activist investors or takeover offers over the years.

Business

Police confront protesters at Dakota pipeline site

Dakota Access LLC is waiting for the U.S. Army Corps of Engineers to sign off on a permit for the final 1,100-foot stretch at Lake Oahu. The latest demonstration took place just a day after almost 40 people were arrested on Friday at the construction site for the pipeline, which has drawn opposition from Native American and environmental activists since the summer.

Business

China's leader reaffirms US relations in talk with Trump

USA leadership in Asia is a double-edged sword. The most likely policy to pass is the defeat of the Trans-Pacific Partnership trade agreement, but if that happens, Trump would actually be handing China a massive gift. "It has a lot further to go! We are spending a fortune on it". If Trump were to effectively kill the TPP, the deal's harmful effects could persist in other ways.

Business

Donald Trump thinks seek advice from Bill Clinton

I think she is going to go down at a minimum as a great senator. It was very, very, very, very nice, "said Donald Trump to the journalist. She just said, ´Congratulations, Donald, well done, ´" Trump said. "It adds cost, but it´s very much something we´re going to try and keep", he said. "Either Obamacare will be amended, or repealed and replaced", Trump told the newspaper.

Business

Decision Day: American Voters Render Their Final Verdict

According to an analysis by AP, Clinton was holding advantages over Trump in just enough states during the final days of the campaign to win the election - although her lead in the nationwide popular vote appeared to have decreased. He has railed against the "language" used by Jay-Z at a Clinton rally in OH and, after rock legend Bruce Springsteen performed in Philadelphia, said it was "demeaning" to the political process to listen to a musician, saying that Clinton alone "can't fill a room".

Business

Horrific crash kills 1st woman to fly China's J-10 fighter

She graduated from training four years later, one of the first 16 Chinese women pilots qualified to fly fighter jets, the China Daily said, and in July 2012 was the first woman to fly the J-10. She was born in 1986 and belonged from Chongzhou city in southwest China's Sichuan Province. This news story is related to Latest/164784-Chinas-first-female-fighter-pilot-dies-in-an-air-accident/ - breaking news, latest news, pakistan ne.

Business

China's Jinping, Trump speak after election

Trump has made repeatedly, risks sparking a trade war with China that would complicate negotiations on a host of other strategic and economic issues. State media reported that Xi congratulated Trump on his election and said cooperation was the "only correct choice" for China and the US, the world's two biggest economies.

Business

Shire PLC (SHP) Receives GBX 5970.29 Average Target Price from Brokerages

Shire PLC (LON:SHP) has earned a consensus rating of "Buy" from the twenty analysts that are presently covering the firm. Liberum Capital maintained SIG plc (LON:SHI) rating on Monday, February 1. There are now 447,363,697 shares in issue with the average daily volume traded being 1,964,537. SIG plc (LON:SHI) has declined 36.58% since April 14, 2016 and is downtrending.


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