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Singapore to launch blockchain technology for interbank payments

MAS said it is considering some legal or regulatory requirements that it intends to maintain for the sandbox. The guideline has also garnered enthusiastic responses from the financial services industry and fintech startups a like. This system will tend to be more flexible against stoppages by decentralizing and distributing the software, which records payments. Participants can depend on the immutable record of transactions at the heart of the Blockchain to reduce the cost of long term ...

Business

What do Analysts suggest for: Amplify Snack Brands, Inc. (NYSE:BETR)

Amplify Snack Brands ( BETR ) reported third quarter non-GAAP EPS of $0.12 after the close Monday, which was flat with the prior year result. (NYSE: BETR ). Amplify Snack Brands Inc was Downgraded by Goldman to " Neutral" on Oct 14, 2016. In other news, Director Pamela L. Netzky sold 42,000 shares of Amplify Snack Brands stock in a transaction dated Thursday, August 18th.

Business

CDC: smoking at all-time low, more action still needed

The center says that while the decrease is encouraging, there's still a lot of work that needs to be done to help more people quit. The dangers of smoking can not be overstated. The more counseling you receive when you want to quit smoking, the more likely you'll remain tobacco-free. After one year, your risk of coronary artery disease is cut in half.

Business

Producer prices unchanged in October on weak services

Reflecting a substantial increase in fuel prices, the Labor Department released a report today showing a slightly bigger than expected increase in U.S import prices in the month of October. But a small rebound in oil prices is checking that trend. Czech Republic's industrial producer prices rose again in October on sequential basis. If these trends keep up, higher wholesale prices will eventually feed into the costs of consumer goods and services and raise the cost of living for USA ...

Business

Al-Falih: OPEC production cut imperative

The Dollar Index, which tracks the value of the greenback against a basket of foreign currencies, was 0.07% higher at the time of writing. Nigeria, Iran and Libya were granted exemption from a resolution by Organization of Petroleum Exporting Countries, OPEC, to cut members' oil output by about 740,000 barrels per day by November 2016 to stabilize prices.

Business

Biden: A Trump presidency won't diminish USA support for Israel

He noted that he expects that the "indissoluble connection between our two great nations" will be strengthened under his administration and that he has already agreed in principle - "as soon as possible" - to a meeting with Premier Benjamin Netanyahu.

Business

IFC Parent AMC Networks Acquires Minority Stake in Funny Or Die

The investment comes on the heels of Funny Or Die's restructuring, as the company announced its closure of its San Mateo office in August, and announced it was laying off 37 of its staff of around 130 employees as it refocused its resources on creating content.

Business

Tamil Nadu: For third day, ATMs run out of cash

But he only met with frustration. Even the court staff who did not want to be quoted said that money deposited in the home piggy banks and savings by their children helped them reach the court premises as they are also in the habit of keeping big notes in their wallets.

Business

This Facebook post claims to reveal a bankers plight post demonetisation

Currently, they are mainly dispensing Rs 100 notes. According to the earlier directive of the government, these notes can be used at government hospitals, at cooperative stores, petrol and diesel pumps, for railway, bus, flight bookings, milk booths, crematorium and burial grounds.

Business

SBI writes off Vijaya Mallya's Rs 1201 crore loans

SBI made this move after government announced demonetisation of higher-denomination notes to counter black money hoarder in India. "Performing assets have turned to non performing assets, loans have not been pardoned", Jaitley told the Parliament.

Business

Bashar al Assad: Donald Trump could be a 'natural ally'

Assad told RTP that Trump's words were "promising" but he was "dubious" whether Congress would allow him to follow through, the AFP reported . With Trump's election, passing additions to the existing sanctions becomes less necessary for those who oppose the deal, because he has said he wants to renegotiate the deal, if not pull out of it entirely.

Business

Malaysia asks Japan's Abe to encourage Trump to support TPP

Najib, on the first of a three-day visit to Japan , told reporters that this project seems to be "uppermost in the mind of the government of Japan". But authors of the Asia Foundation report provided to Associated Press ahead of its publication Tuesday also say in some parts of the region there's hope that a shift from President Barack Obama's signature foreign policy could be for the good.

Business

Modi's mother queues up at a bank to exchange cash

Take into account that India's economy relies heavily on cash, as 90 percent of transactions are completed this way. "I know what kind of forces and what kind of people are against me now". He further alleged that the rich had been tipped off about the move several weeks ago and had already made arrangements for the exchange of their old currency notes .

Business

Nauru welcomes Australia's refugee deal with US

Four of the six have since opted to return to their home countries. Prime Minister Malcolm Turnbull has said United States will resettle some refugees on Nauru and Manus Island under a "one-off" deal for those in regional detention to be administered by the United Nations High Commissioner for Refugees.

Business

World markets rattled as Trump heads to White House

US stock markets opened slightly lower Wednesday after Donald Trump's surprise win in the presidential election had originally sent stock futures down sharply. So how Trump handles trade going forward is going to heavily impact Canada. It was down 8.2 per cent at 45 US cents as the prospect of a wall along the United States' southern border - a key campaigning point for Trump - has come one step closer to reality.

Business

Capitol Christmas tree makes pit stop in Twin Falls

Forest Service and Department of Agriculture's public lands program. This tree lived three years and inspired the concept of The People's Tree. Students at an Idaho Falls charter school and members of the community welcomed an 80-foot Christmas tree on its journey across the nation.

Business

Toronto stocks, loonie climb higher as oil price spikes

Higher bond yields improve the net interest margin for banks and reduce the value of insurance companies' liabilities. Kirkland Lake's shares rose 3.6% to $8.33. Treasury prices and yields move in opposite directions. In the USA, the Dow Jones industrial average fell 49.89 points to 18,818.80, while the S&P 500 advanced 5.32 points at 2,169.52.

Business

Costa Rica routs U.S. in qualifying

The loss to Costa Rica comes on the heels of a 2-1 loss to Mexico in Columbus, Ohio (normally a place where the United States has a huge home field advantage) on Friday, where the team also looked sloppy and failed to take advantage of chances.

Business

Greek PM praises Obama's economic leadership

Indeed, with right-wing nationalist movements gaining steam in capitals across Europe and the world, Obama faces the daunting task of plotting a way forward with a liberal alliance that now appears more fractured than ever. He predicted that "in the near future not much is going to change in the relations between the EU, Greece and the United States of America". At stops in Greece, Germany and Peru, Obama will be left explaining the USA election results to foreign counterparts whose ...

Business

Obama heads to Greece on first leg of final overseas trip

The last time President Barack Obama took questions from reporters overseas, he dismissed Donald Trump as an "unqualified" peddler of "wacky ideas", expressing confidence during his September swing through Asia that voters would ultimately reject the candidate who ran so vocally against his own agenda.

Business

Gold Prices Rush Towards Pivotal Support Zone

Chances of a December interest rate hike is at 90 %. Spot gold traded down 0.02% at $1,225.08 a troy ounce in midmorning trade in Europe, after fluctuating throughout the morning. USA gold futures climbed 0.3pc to $1,225 per ounce. George Milling-Stanley, head of gold strategy at State Street Global Advisors, said that he is ignoring the "noise" following the US election and instead is focusing on the long-term trend of low interest rates.

Business

Barbara Boxer Introduces Bill to End Electoral College

What's more, millions of votes from both states (along with many votes in Washington) still have not been counted. Barbara Boxer has seen her party lose two presidential elections after winning the popular vote - Al Gore's race against George W.

Business

'Enough cash available, efforts on to augment note supplies'

The article said that on the flipside, the Chinese government has been closely monitoring the root causes of corruption and attacking them by deepening of judicial laws, better monitoring system and an introduction of stringent actions against it.

Business

Melania Trump Wears Christian Louboutin for First White House Visit

Following his meeting with the Trumps, President Obama said he had an "excellent conversation" with Trump about both foreign and domestic policy issues, while Trump referred to Obama as a "very fine man". It took until September 2016 - two months before a presidential election in which he was already the Republican Party's nominee - for Trump to admit the reality that Obama was, indeed, born in the United States .

Business

Director James Comey damaged Federal Bureau of Investigation

Trump's team "knew they got lucky with Comey". In an extraordinary last-minute twist to a volatile campaign, FBI director James Comey lifted the cloud he had placed over Hillary Clinton, saying Sunday the bureau had found no evidence in its hurried review of newly discovered emails to warrant criminal charges against her.

Business

Aetna Inc. (AET) Upgraded to Outperform by Credit Suisse Group AG

Several other analysts have also recently weighed in on the company. Aetna Inc was Upgraded by Credit Suisse to " Outperform" on Nov 11, 2016. Zacks Investment Research raised Aetna from a hold rating to a buy rating and set a $128.00 price objective on the stock in a research report on Tuesday, October 4th.

Business

Apple stock extends losses after China warning about Trump

The Chinese president noted that cooperation is the only right choice for the two sides and the two countries should seize current opportunities. The presidential transition team in Washington said in a statement that it was Putin who called Trump to "offer his congratulations on winning a historic election".

Business

No. 10 furious that Farage first British politician to see Trump

He had been especially pleased, Farage added, at Trump's "very positive reaction" to the idea that a bust of former British prime minister Sir Winston Churchill be put back in the Oval Office. "We're just tourists! " Farage, head of the UK Independence Party (UKIP), told reporters as he waited for an elevator to take him up to the meeting at Trump Tower in New York City.

Business

'All You See Is Smoke:' Wildfires Spread Over Western North Carolina

To date, there have been evacuations ordered in Clay, Graham, Macon, Rutherford and Swain counties. Homes in Lake Lure also were evacuated earlier this week. More than 5,000 firefighters and support staff are now in the Southeast to fight the wildfires in the area, according to Shardul Raval, director of fire and aviation management for the southern region of the U.S.

Business

Influx of calls, emails to BC immigration lawyers after Trump triumph

Will it be the boisterous and controversial character that swept through the Republican primaries or will it be the more contrite and unifying man that spoke early Wednesday morning? "Seattleites searching for homes in Canada equates at most to window shopping", McLaughlin said.

Business

Barratt Developments takes 10% off most expensive London homes

Forward sales at the end of the period were 4.3% higher year-on-year at a value of £2.65bn, the group added in a trading statement released on Wednesday (16 November). Reflecting softer sales in London, weekly reservations are flat year-on year at 265 per week though theNorth and Central regions are strongly outperforming.

Business

United Kingdom jobless rate falls to 11 year-low, benefit claims rise

Employment growth slowed sharply, with a rise of 49,000 in the three months to September well down from August's 106,000 and some way below the consensus forecast of 91,000. However, agency statistician, David Freeman, says there are signs of "employment growth slowing". The number of people claiming unemployment benefits in October rose by 9,800, the biggest rise since May, the ONS said, adding its measure of claimants had been revised up to take into account changes to the benefit system.

Business

Ocado shares slide as Morrisons announces new tie-up with Amazom

As of 10:01 GMT, Morrisons' share price had gained 0.63 percent to 223.30p, outperforming the blue-chip FTSE 100 index which has slipped marginally into the red and now stands 0.27 percent lower at 6,774.42 points. The service will launch in selected postcodes in London and Hertfordshire. The battle has now turned online as more and more customers rely on grocery delivery.

Business

Gold inches higher but strong dollar, rate hike expectations weigh

Trade has ranged from $1,226.83 to $1,233.10 so far. Dallas Federal Reserve Bank President Robert Kaplan called for intelligent fiscal policy to boost growth over the long term saying the coming year under a new U.S. Market participants now see a 91% chance of a rate hike in December, up from 86% the previous day, according to CME FedWatch Tool. With no major data due Monday, investors were accessing the USA economic prospects under a Trump administration.

Business

New York Times Fears Bannon In The White House

But Trump campaign manager Kellyanne Conway , who may also soon be appointed to a White House position , doesn't see it that way. That's what it is. The Anti-Defamation League, a leading organization combating anti-Semitism, said it " strongly opposes " the decision. "There should be no sugarcoating the truth here: Donald Trump just invited a white nationalist into the highest reaches of the government", said Democratic Senator Jeff Merkley , who called Monday for Trump to rescind the ...


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