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Business

ABX pilot strike impacts DHL, Amazon shipments

The union will make a decision on how to proceed next week, she said. The ruling clears a major obstacle for Amazon heading into its first holiday shopping season since contracting with ATSG and another carrier to operate a fleet of cargo planes to shuttle inventory around the country.

Business

Autumn Statement 2016: At a glance

The OBR thinks the economy will grow by 1.4% in 2017 and 1.7% in 2018, down from the 2.2% and 2.1% respectively it pencilled in at the time of the March budget. The extra borrowing, worth US$152 billion or 143 billion euros, covers the period until early 2021, and covers direct and indirect costs of Brexit, explained the Office for Budget Responsibility (OBR).

Business

Brexit immigration cut will cost United Kingdom billions every year

Hammond said the Office for Budget Responsibility forecast growth of 1.4% in 2017, down from the previous figure of 2.2%. Mr Hammond blamed the slowdown on lower investment and weaker consumer demand "driven by greater uncertainty and higher inflation resulting from sterling depreciation".

Business

Many stores open Thanksgiving and 'Black Friday'

Black Friday is just around the corner, marking the start of the holiday shopping season. An estimated 137 million Americans, about 59 percent, are planning to or are considering shopping during Thanksgiving weekend, according to the National Retail Federation.

Business

Oil Rises as OPEC Delegate Says Everyone 'On Board' for a Deal

Abadi's comments are the clearest indication so far that Baghdad will support an Opec plan to cut production by 4-4.5 percent when it meets on November 30 in Vienna . Oil prices trended lower earlier in the morning but turned positive after the Energy Information Administration reported that United States crude stocks unexpectedly fell by 1.3 million barrels last week.

Business

Antero Resources Corporation (NYSE:AR), MetLife, Inc. (NYSE:MET)

Deutsche Bank issued rating on the stock of Antero Resources Corp (NYSE:AR) in a research note issued to investors on Nov-21-16, the stock received "Upgrade" rating from Hold to Buy from $27 to $30. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website . The institutional ownership stake in the corporation is 41.60% while the Beta value stands at 1.34.

Business

Rupee hits record low of 68.86; RBI intervenes

The rupee has fallen against the dollar since Donald Trump won the presidential election in the U.S. on November 9, 2016. from the 66.43 level then, it reached 68.8325 mark today. India is also still seeing outflows tied to the redemptions of dollar deposits, expected to total around US$28 billion, that were raised from Indians living overseas to help pull the rupee out its crisis three years ago.

Business

Demonetisation: Rs 21000 crore put in Jan Dhan bank accounts

Jan Dhan accounts, integral to the Modi government's plan for financial inclusion and direct benefit transfer, were meant to have a transformational role in the uplift of the underprivileged, but, ironically, demonetisation has made them a parking lot for black money.

Business

Court Blocks Federal Plan to Expand Overtime Rules

Currently, employees are automatically eligible for overtime unless they make more than $23,660 a year, but the rule would lift that to $47,476. Although a court order has put a temporary halt on some new overtime rules , businesses in New York State may still be impacted.

Business

Markets Right Now: Dow still at record, but S&P 500 slips

Industrial companies, including makers of aircraft and engines and other equipment, continued to rise. At 3.13pm ET (0713 Thursday AEDT), the Dow Jones Industrial Average was up 0.14 per cent at 19,051.05, easing from an all-time high of 19,074.51.

Business

Thanksgiving Images: Happy Thanksgiving Day 2016 Pictures To Share On Holiday

Diligent cooking on Thanksgiving Day, accompanied by a frantic need to get every dish done in time for family who are coming is not a feeling I grew up knowing. YAMS: A form of potato, similar to a sweet potato. All of which, including all the necessary ingredients to make pumpkin pies , will be available through more than 66,000 grocery stores along with almost 3,000 fruit and vegetable markets.

Business

Xi Jinping announces training program for Latin American and Caribbean media professionals

Chinese President Xi Jinping's state visits to Ecuador, Peru and Chile and his attendance at the 24th Asia-Pacific Economic Cooperation ( APEC ) Economic Leaders' Meeting have promoted Asia-Pacific cooperation and China-Latin America relations, Chinese Foreign Minister Wang Yi said Thursday.

Business

Singapore downgrades 2016 GDP growth f'cast after Q3 contraction

This slowing rate of GDP growth is expected to continue amid headwinds such as stubbornly weak external demand, and economists have begun tapering their forecasts for the local economy. "Global growth is projected to pick up slightly in 2017". Last week, labour chief Chan Chun Sing noted that it was too early to tell whether such a scenario will happen, even though Singapore's exports plunged 12 per cent in October year-on-year - the lowest in seven months.

Business

Syria regime bombs rebels as Aleppo food aid runs out

When they finally left the basement under cover of darkness, staff at the children's hospital found that the bombing had given way to shelling. Following the US election, questions have swirled over how US President-elect Donald Trump might approach the war, which has seen the US and Russian Federation on opposing sides on many counts.

Business

PM Modi not courageous enough to face parliament: Congress

Over 200 MPs from14 parties, including the AIADMK which has remained quiet on the issue so far, joined the symbolic protest in front of the statue of Mahatma Gandhi in Parliament. PM Modi had shared the results of responses of people over demonetisation. As almost 200 Opposition MPs staged protest outside Parliament, the Congress vice president said: "What the PM has done is the biggest impromptu financial experiment in the world".

Business

Why is Modi govt harassing 1 billion people: Rahul

Sections of the Opposition have demanded a rollback, saying it has destabilised the rural economy, while all of them want PM Modi to reply on the floor of the House - demands the government has rejected. ALSO READ: Demonetisation: Will PM Modi Speak In Rajya Sabha? Congress Vice President Rahul Gandhi too had taken a dig at the Prime Minister saying he could speak in concerts, but could not speak in Parliament.

Business

Survival guide for Black Friday 2016 at Destiny USA

Ravi Jariwala, a Walmart spokesman, told The Associated Press that three out of the four customers it polled said that they wanted to shop Cyber Monday deals earlier - after the kickoff in stores. and close at 11 p.m. on Black Friday . More and more retailers in South Africa are joining in on the Black Friday deals and centres are urging more retailers to join in.

Business

Khamenei says Iran will 'react' if US renews sanctions

State Department spokesman Mark Toner said. An end to the Obama tenure will be considered a severe blow to Iran. Despite Iran living up to its side of the bargain, last week, members of the House of Representatives voted to renew sanctions on Iran for another ten years.

Business

Organised loot and legalized plunder: MMS on currency chaos

Speaking about PM Modi's urge of waiting for 50 days till the worst is over, Manmohan Singh said that even those 50 days could be detrimental for the poor. He suggested that the Prime Minister must come with some constructive proposal how to implement the scheme properly. It is no good that everyday the banking system comes with modification of the rules, the conditions under which the people can withdraw money.

Business

Germany's Lufthansa cancels 912 flights in pilot strike

Passengers wait at a Lufthansa Counter at the terminal 1 at Frankfurt International Airport during a strike by Lufthansa pilots. Hundreds of Nigerian passengers were yesterday stranded at airports in Lagos, Abuja and Port Harcourt as pilots of German carrier, Lufthansa Airlines embarked on a strike over pay rise.

Business

Area malls, stores beckon Thanksgiving shoppers

While numerous best deals are on Thanksgiving there are more Black Friday specific deals this year with some retailers setting up Black Friday 2016 doorbusters and some retailers not opening on Thanksgiving at all. Target , which was the subject on an online petition in 2011 pleading it not to open on midnight that year, first opened on Thanksgiving in 2012 at 9 p.m.

Business

Infants with Zika can develop microcephaly later — CDC

Investigators are working to determine what proportion of Zika-infected women have babies with birth defects, and how the risk varies based on when during the pregnancy the infection occurred. The findings also highlight the "importance of early neuroimaging for infants who were exposed to Zika virus prenatally", the agency added. CDC Director Tom Frieden, MD, MPH, said in the CDC's announcement, "We understand this has been a difficult time for Miami Beach residents and tourists and ...

Business

Not ratifying TPP trade agreement a missed opportunity: White House

China will play its role in promoting economic integration in the Asia-Pacific, the foreign ministry said yesterday, after US President-elect Donald Trump said he would kill an ambitious regional trade pact. It is a more traditional trade agreement, involving cutting tariffs rather than opening up economies and setting labor and environmental standards as TPP would.

Business

China Wants Quick Close on Regional Trade Pact After TPP Dashed

China will play its role in promoting economic integration in the Asia-Pacific, the foreign ministry said yesterday, after US President-elect Donald Trump said he would kill an ambitious regional trade pact. Trade deals such as TPP and the 1993 North American Free Trade Agreement featured heavily in the brutal White House race and many see Trump's victory as a repudiation of ever-deeper commercial ties.

Business

Median wait times for medical treatment hit record high in Canada

Speaking with reporters during a scrum on Parliament Hill on Wednesday, federal health minister Jane Philpott said while there's no question access to care and wait times are very important, she does not give much credit to the study itself.

Business

Best Buy's Black Friday deals are kicking off on Thanksgiving Day

Black Friday also takes on varying importance depending on the retailer. Or are you going to get a jump on your holiday shopping? Instead of making people wait for online sales, Walmart is evening out the in-store and mobile experience.

Business

Narendra Modi to attend Rajya Sabha today; will PM reply on demonetisation?

A united Opposition gave a new dimension in the Upper House by asserting that no discussion on demonetisation would take place till the House adopts a resolution mourning the death of almost 70 people said to have been caused by hardships after the junking of the high-denomination notes.

Business

90% support demonetisation in PM App survey

Most opposition members demanded that the debate should take place under adjournment motion, even as Biju Janata Dal and Telangana Rashtra Samiti (TRS) said they have not given adjournment notices. This is the Prime Minister's decision. Mamata, whose party had taken the lead in uniting the Opposition against the Government on the issue, was in the national Capital again after a gap of a few days and led a protest by four other parties at Jantar Mantar where she gave a call for Modi's ouster.

Business

Cash Van Driver Flees With Rs 1.37 Crore

He said money belonged to two different banks from where the agency had collected cash for depositing during the day. "This theft has happened while they were collecting the cash", he added. Rs1.36 crore was in Rs2,000 denomination and one lakh was in Rs100 denomination, police said. "We have formed four teams to trace the driver who appears to have planned well in advance the act and the route he took to disappear".

Business

Driver Runs Away with Vehicle Carrying 1.3 Crore of New Currency

The Bank of India zonal manager, Eshwarappa, said the company - Logitech - was responsible for collecting cash from different branches. Four special teams have been formed to track down the van and the driver named Dominic, a resident of Bangalore.

Business

South Korea's President's Office Explains Purchase Of 360 Viagra Pills

Thirty-two agreed to pursue Park's impeachment and demand that she leave the party, with lawmaker Hwang Young-cheul saying in a briefing that the number of proponents will increase. If an impeachment motion passes parliament, it is reviewed by the Constitutional Court, which has to confirm it with at least six of its nine judges.

Business

Significant Runner- Burlington Stores, Inc.'s (BURL)

Burlington operated 592 stores in 45 states and Puerto Rico as of October 29. About 601,661 shares traded hands. According to a research note disclosed on Mar 04, 2016, analysts at Citigroup have lowered their rating on these shares from Buy to Neutral.

Business

Dow sets new record as other indexes slip; tech stocks skid

United States stocks ended Tuesday at fresh record highs, grasped in the final minutes of a dramatic roller-coaster session, while Canadian stocks hit their highest since May 2015. In other energy trading, wholesale gasoline picked up one cent to 1.41 dollars a gallon. Benchmark U.S. crude dipped 60 cents, or 1.2 percent, to $47.64 a barrel in NY.

Business

China rebuffs Trump threat to take steps to win trade edge

Joint Commission on Commerce and Trade (JCCT) in Washington D.C., capital of the United States, on November 23, 2016. WASHINGTON-Chinese officials have warned of retaliation against the U.S. As for the currency issue, Zhang said economists and government officials agree China is not manipulating its currency, and "significant progress has been made" toward establishing a market-based exchange-rate regime.

Business

North Dakota leaders urge Obama to make decision

The movement has remained strong even as temperatures have turned frigid. "Linda Black Elk is a medic at the protesters" camp. Both sides have blamed each since the weekend clashes. The Dakota Access Pipeline would carry crude oil from North Dakota to IL. In September, a federal judge ruled that the pipeline, which would run under the Missouri River just north of the reservation , could be constructed, but the U.S.


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