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Asian stocks rise after Dow hits record

KEEPING SCORE: The Dow picked up 14 points, or 0.1 percent, to 18,970 as of 11:55 a.m. The gains came a day after four major market indexes closed at all-times highs at the same time, something that hadn't happened since 1999. Perkins said chains such as Dollar Tree were able to win over new customers after the recession, and low-priced clothing companies such as TJX, the parent of TJ Maxx, have also performed well since that time.

Business

UK Government to borrow extra £122bn to deal with Brexit

Spring statement will respond to OBR forecasts but not make fiscal announcements. Chancellor announces £2.3 billion to be spent on 100,000 new homes and £1.4 billion for development of 40,000 affordable homes. There was good news for motorists, who will see fuel duty frozen for a seventh year, saving drivers an estimated £130 per year. The government has also committed to removing disguised tax benefits for employees once again, Mr Hammond stating that the self-employed and employers ...

Business

Brexit slams brakes on British growth

A Spring Statement will be introduced from 2018 - this will respond to forecasts from the Office of Budget Responsibility rather than setting out new strategies and investments. And it should raise the top rate of income tax to 50p. Schemes covering pensions, child care, ultra-low emission cars and cycling to work will not be affected.

Business

Asian shares gain, lifted by oil price rally on Wall Street

Benchmark New York crude was up 91 cents, or 1.9 percent, at $47.25 a barrel while Brent crude, the worldwide standard rose 96 cents, or 2.1 percent, to $47.82. The Russell 2000 has risen for 12 days in a row. Technology stocks also made substantial gains. The Trump transition team created and distributed the video.

Business

England beats South Africa, ends 10-year winless run

We're nowhere near good enough at the moment". But with Argentina arriving at Twickenham the following Saturday, Jones could make changes ahead of England's final Test of 2016 against Australia on December 3. That also represents Jones's opinion on where his team is now, and he wants more from them even though they have not lost under his tenure. We just couldn't put any pressure on the England team and we felt it the whole game.

Business

England run riot against outclassed Fiji

Borthwick is reported to have been offered a position on Warren Gatland's coaching team for next summer's Lions tour to New Zealand, reprising the forwards tracksuit role he now performs for the Red Rose. "If we want greatness in our team we have to maintain that intensity after racing into an early lead", Jones said. "Now we need to get the show really going and we are just about to jump into the deep end".

Business

Global stocks, oil rise after Wall Street hits record

Three OPEC sources told reporters that a gathering of experts from the oil producer group in Vienna on Tuesday chose to recommend that a ministerial meeting on Wednesday next week debate a proposal from member Algeria to reduce output by that amount.

Business

Brexit wipes $1.5 trillion off United Kingdom wealth

The average wealth per adult in Bahrain fell by 1.1 per cent from mid previous year to $50,600. The number of adults with wealth above the $1m mark here reached 110,000 over the course of 2016. The canton of Schwyz has the highest concentration of millionaires in the country. The world's billionaire count is likewise seen increasing, adding 945 people to reach 3,000, according to the report.

Business

Lufthansa pilots start two-day strike, hundreds of flights cancelled

Germany's flagship carrier, Lufthansa, has announced plans for the cancellation of over 900 more flights as a second day of strike by the airline's pilots is expected to ground more passengers and planes across the country . This is the fourteenth pilot strike since April 2015. The union said last week that talks had broken down, while dismissing an offer from Lufthansa to bring in an outside arbitrator.

Business

FHFA raises conforming mortgage limit in 2017

Starting in 2017, borrowers can get a loan backed by mortgage giants Fannie Mae or Freddie Mac for up to $424,100. The move comes as the FHFA's Home Price Index shows average home prices finally moving their level from Q3 of 2007 (which the agency designates as the pre-crash level).

Business

Rising interest rates ignite United States mortgage activity

Meanwhile, the average rate on 5/1 ARMs also trended upward. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.90%, from 3.73%, while the average contract interest rate for 15-year fixed-rate mortgages increased to 3.35%, from 3.15%.

Business

India's great cash rush: Delhi, Kerela, UP, WB stuck in ATM queues

You might not have to stand in a long queue outside a bank. New 2,000 and 500 rupee denomination notes with new security features are being given to people to replace those removed from circulation. On Saturday, almost 200 calls had been received in the first four hours since the banks opened at 9 a.m. local time, according to police. The actual figure is unclear but correspondents say the issue of "black money" - which may have been acquired corruptly, or is being withheld from the tax ...

Business

New currency notes: Snake-like queues form outside ATMs from wee hours

Besides, post offices and regional offices of Reserve Bank also replaced currency notes. For Anusha Singh, a salesperson, the harrowing cashless time didn't end on Friday - the day ATMs were slated to reopen all over the city after a two-day gap.

Business

United Kingdom cuts growth forecasts in first budget plan since Brexit vote

As as a result, Britain's budget deficit is also expected to rise to £68 billion in the near term, Hammond cautioned, with a 3.5% shortfall forecast for this fiscal year, up from the 2.9% forecast in March. It added: "Public sector net borrowing is now expected to fall more slowly than we forecast in March, primarily reflecting weak tax receipts so far this year and a more subdued outlook for economic growth as the United Kingdom negotiates a new relationship with the European Union".

Business

The pound tumbled after the government delivered its Autumn Statement

The Office for Budget Responsibility , Britain's independent budget forecasters, said gross domestic product would grow by 1.4 percent in 2017, down from an estimate of 2.2 percent made in March, before voters chose to leave the EU. Hammond is also confident enough in his credibility to announce a new fiscal rule that sets no firm date for when the Budget will be in surplus. A sharp downgrade in growth from next year and a big increase in borrowing were widely expected to limit his room for ...

Business

Rebels Shell Aleppo School Killing at Least Eight Children

Mr O'Brien also said that the number of Syrians living in besieged areas has more than doubled in the past year to almost one million people. Local medics told Reuters the family had suffocated to death because the barrel bomb was laced with chlorine gas.

Business

OPEC experts resume talks on oil output cut, delegates upbeat

The S&P 500 was down 5.41 points, or 0.25 per cent, at 2,197.53. Crude oil prices sank on a light trading day ahead of the Thanksgiving holiday in the United States. "It now appears the cartel will patch together a deal created to reduce production by as much as three-quarters of a million barrels per day", Jim Ritterbusch, president of Chicago-based energy advisory Ritterbusch & Associates said in a note , giving the probability of such a deal as 80-90 percent.

Business

Autumn Statement: Extra £3.7bn for housing projects

In an illustration of how sharply the public finances have deteriorated since March, the OBR forecast that rather than the £10.4 billion surplus Mr Osborne had been hoping to achieve in 2019/20, the United Kingdom will still have a deficit of £20.7 billion at the end of a decade of austerity.

Business

Bracing for Brexit, UK to ramp up borrowing, cuts growth forecasts

The effect of unaffordable housing on Britain's productivity makes building more houses an urgent priority, Hammond said, flagging up plans for a 2.3 billion Housing Infrastructure Fund, to help unlock land for housing. He said many families would gain no more than £200 from the much-trailed cut in the taper rate, which he described as "small fry when set against losses from work allowance cuts of up to £2,800".

Business

Duke Energy Corp. (DUK) EVP Frank H. Yoho Buys 14850 Shares

Duke Energy Corporation (NYSE:DUK) now has mean rating of 2.90 while 2 analysts have commented the shares as "BUY", 1 recommended as "OUTPERFORM" and 17 commented as "HOLD". They now own 379.19 million shares or 4.66% less from 397.71 million shares in 2016Q1. For the current year the company's revenue estimates are $24.57B compared to low analyst estimates of $23.58B and high estimates of $26.77B according to the projection of 9 analysts.

Business

Philip Hammond Says John McDonnell Should Join Strictly Come Dancing

LONDON (AP) - Britain will have less money, more debt and a slower economy in coming years as it grapples with uncertainty over leaving the European Union, the Treasury chief said Wednesday in his first budget update since the "Brexit" vote.

Business

U.S. Soccer Reaches Back To The Past To Kickstart Its Future

Bruce Arena was confirmed as the new manager of the United States soccer team after Jurgen Klinsmann was sacked from his position on Monday. Klinsmann was widely criticized for failing to inspire enough togetherness in the camp and being unable to usher in a new era of European-style, attacking soccer.

Business

Begbies Traynor Group (LON:BEG) Broker Price Targets

Vodafone Group Plc (NASDAQ:VOD) [ Trend Analysis ] tries to capture market sentiments, shares jumped down -1.10% to $26.19. Horizon Kinetics Limited Liability Company holds 0.01% of its portfolio in Premier Oil PLC (LON:PMO) for 16,234 shares.

Business

Eddie Redmayne's Newt Scamander may not lead all Fantastic Beasts movies

Paul Dergarabedian, a senior media analyst for box office tracker comScore, attributes the solid turnout to the goodwill amassed by the Harry Potter films . The movie has attracted the attention of the whole Potter fandom. The bumbling yet lovable Scamander, played by Eddie Redmayne , provides a strong role model for budding Hufflepuffs, a House which is much maligned by Harry Potter fans because of its lack of interesting characters in the original books.

Business

Court blocks federal plan to extend overtime pay to many

Mazzant agreed, saying that the department has leeway to define which employees are eligible for overtime pay based on the duties they perform, but not the salary level. Supporters of the rule said many workers who put in 50 to 60 hours a week may end up earning less than minimum wage after all of their hours are factored in.

Business

Stock in Spotlight as Activity Rises in Southwest Airlines Co. (NYSE:LUV)

A look on the firm performance, its monthly performance is 11.62% and a quarterly performance of 29.08%. Washington Trust Bank increased its stake in shares of Southwest Airlines by 6.9% in the third quarter. The company stock was initiated at Buy, wrote analysts at Citigroup, in a research note issued to clients on Friday November 18, 2016. The firm has "Neutral" rating given on Tuesday, April 12 by Credit Suisse.

Business

Ohio gas prices rise as week of Thanksgiving travel begins

Gas prices in OH have risen 12.1 cents per gallon in the past week, averaging $2.08 Sunday, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. The forecast calls for 43.5 million Americans to take long auto trips, 1.9 percent more than previous year. Greenville- $1.93/g, down 8.0 cents per gallon from last week's $2.01/g.

Business

Adviser: Trump not interested in further Clinton investigation

What's more, he said the idea of prosecuting Clinton is "just not something I feel very strongly about". " We did not change the ground rules at all and made no attempt to ". President-elect Donald Trump says there's "some connectivity" between humans and climate change. Trump has been holding meetings since his November 8 election victory to fill senior posts for his administration before he takes office.

Business

Expect delays on the roadways for Thanksgiving travel

Pack good food for the plane so you aren't hangry or stuck with less-than-desirable airport alternatives, and indulge in at least a little bit of chocolate. In addition to a full complement of customer service representatives, the Port Authority will assist air travelers at its airport Welcome Centers, which provide information about ground transportation, hotels and other useful information.

Business

Winter Is Coming, But So Is 'Game Of Thrones' Wine

Drinking wine features heavily in the hit HBO TV series Game of Thrones , where everyone in the medieval chambers and banquet halls is usually sipping a goblet of something. Tyrion's wit sharpens and wisdom grows deeper when a wine is in the mix. If the only thing stopping you from playing the Game Of Thrones drinking game with licensed libations was an aversion to hops, we have some good news.

Business

Payments Bank: Bharti Airtel launches first one in Rajasthan

With over ten thousand retail outlets across Rajasthan to function as banking points and offer convenient banking, customers stand to benefit immensely, the company said in an announcement. According to RBI guidelines issued in November 2014, a payments bank will maintain cash reserve ratio with the central bank. Other than Airtel, India's largest wallet company Paytm is also expected to launch its payments bank soon.

Business

How to Prepare That Holiday Turkey Safely

For the fridge method, allow 24 hours for every 4 to 5 pounds. A stuffed turkey of the same size will take three to 3 1/2 hours, Roberts said. And here's how NOT to thaw a turkey: on the counter, in the garage, or on the back porch. It's very important, however, not to cut into your turkey right away! Among them is a recommendation people may find surprising: leave the raw turkey unwashed.

Business

Relax! We have your guide to a tech-ed out Turkey Day

Larry Kurtz with the Orange County Fire Authority explained. "If you put water in hot oil, it turns into steam and can make the oil into a vapor, which is much easier to ignite than the liquid", explained Dokter. A bird that's 8 to 10 pounds is best; pass on turkeys over 12 pounds. Select a safe location outdoors. Because there's no thermostat controls, fryers can easily overheat the oil to the point of combustion.

Business

Thousands of Green Cards Sent to Incorrect Addresses

The federal agency responsible for issuing green cards to immigrants who have become permanent USA residents has in recent years misdelivered potentially more than 200,000 cards and issued 19,000 duplicate or incorrect cards, according to a federal report.

Business

New Mexico State Parks provides free Black Friday admission

I have no idea what people buy on Black Friday these days - I seem to remember a Furby panic some years back - but if you can honestly tell me that participating in the Walmart commerce stampede trumps a free serene stroll through a redwood forest, well, read no further.


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