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Italian PM Matteo Renzi Resigns After Referendum Defeat

The extent of the political risk facing the European project will become clearer as the fallout from the Italian referendum unfolds, analysts say. "And that would be an ominous development not just for Italy". The minister added: "There is no reason to talk of a euro crisis and there is certainly no reason to conjure one up". Traders had boosted Italian shares in the run-up to the vote, sending its equity benchmark to the best weekly performance among developed markets.

Business

US unemployment rate falls to 4.6 percent, a 9-year low

According to the reports , The US joblessness rate dropped to nearly 9 year bottom level in November, adding to prospects that US interest rates will surge later this month. Analysts had expected job growth of about 170,000 with the unemployment rate holding steady at 4.9 percent, near a nine-year low. That has combined with expectations of large tax cuts and federal infrastructure spending by the incoming Trump administration, which would fuel more growth as well as inflation, to lead ...

Business

Iranian President Demands US Sanctions be Allowed to Lapse

The top Iranian nuclear official, Ali Akbar Salehi, who played a leading role in concluding the nuclear deal, said on Friday that the U.S. move was a "blatant violation" of the JCPOA . Iranian officials, led by Supreme Leader Ayatollah Ali Khamenei, have ratcheted up anti-U.S. rhetoric in response to the continuing sanctions. "In a theatrical move, USA senators extended the unjust ISA law and the sanctions against the great Iranian nation", the statement read, adding that such an act "is ...

Business

Brexit hearing: Article 50 Supreme Court case over UK's European Union exit begins

A Supreme Court hearing on Britain's withdrawal from the European Union is due to start later Monday as the government seeks to avoid having to secure parliamentary consent on exit negotiations. The judgement prompted fury amongst Brexit supporters who fear that lawmakers, who are overwhelmingly in favour of staying in the European Union, may seek to delay or soften Britain's withdrawal.

Business

Ulta Salon (ULTA) Is Up Sharply After Q3 Profit Surpassed Expectations

Analysts surveyed by FactSet had forecast $1.37 a share on revenue of $1.11 billion. For the third quarter 2016, net income attributable to First Data was $132 million (or $0.14 per diluted share), which compares to a net loss of $126 million in the prior year period.

Business

Teens, music makers among California warehouse fire victims

Ray Kelly , spokesman for the Alameda County Sheriff's Office, told reporters. As names of the dead were being announced, friends and family of the missing anxiously awaited news. Records obtained by NBC Bay Area also show the warehouse and surrounding area have been the subject of almost 10 blight complaints over the past decade.

Business

Is UPS Stock a Top Dividend Stock?

Acadian Asset Management LLC increased its position in shares of United Parcel Service by 4.1% in the second quarter. (UPS) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%.

Business

Italy Must Hold Snap Elections After Referendum Failure - Lawmaker

Resigning last night, Mr Renzi said: 'I lost and the post that gets eliminated is mine. The turnout was almost 70%, in a vote that was seen as a chance to register discontent with the prime minister who has been in charge for just under three years.

Business

Obama family lights DC's National Christmas Tree

He had previously attended the White House State Dinner in October as well as visiting in April to discuss the "My Brother's Keeper" initiative. Performers include Garth Brooks and Trisha Yearwood, Kelly Clarkson, Marc Anthony, Yolanda Adams, The Lumineers and James Taylor.

Business

This is what Victoria's Secret models look like without make-up

This year's Fantasy Bra, valued at $ 3 million , is set with 450 carats of diamonds and emeralds. "So I brought her over to the gym and showed her how to do squats". They showcase models in lingerie with attractive costumes. Women like Ashley Graham and Robyn Lawley have changed all that. The San Francisco-based coach said she suspected that to stay thin before shows many models use juice-based diets.

Business

Brokers Add To Their Ratings On Sirius XM Holdings Inc. (NASDAQ:SIRI)

LLC increased its stake in shares of Sirius XM Holdings by 0.8% in the second quarter. Global X Management Co. In the past 52 weeks, the share price moved between $49.06 and $70.36. Sirius XM Holdings's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

Business

Jill Stein files for recount in MI

Wisconsin Elections Commission Chair Mark Thomsen talks to the media regarding a requested recount of the state's presidential election results following a meeting of the commission in Madison on Monday. "It is concerning that the Stein campaign would position itself to front and fund a recount attempt that only serves the interests of a desperate and defeated Clinton campaign", the complaint reads.

Business

Rob Gronkowski out for the season

Tom Brady and the Patriots will have to make a Super Bowl run without their biggest offensive threat. Everybody wants Gronk out there every play of every game. Gronkowski, who has battled injuries dating all the way back to his college days at Arizona, hauled in 25 passes this season for 540 yards and three touchdowns.

Business

Kinder Morgan faces more hurdles after federal OK of Trans Mountain pipeline

Clark said her government is still working with Ottawa on spill response and it wants assurances on jobs and the economic benefits for B.C. While local elected officials in Alberta celebrate the economic prospects of the pipeline, many tribal leaders in the path of the proposed expansion object to the decision.

Business

Penn State left out of College Football Playoff

Washington, the conference champion, was one of the four teams selected for the national playoff, allowing the Rose Bowl to fill the Huskies' spot with the second-highest ranked team from the Pac-12. "Obviously winning the Big Ten championship and winning a game head-to-head, we felt that gave us a lot of value". Washington whipped Colorado 41-10 in the Pac-12 title game Friday night.

Business

Euro slides to 20-month low after Italy government's referendum defeat

Other major European stock markets were also trading higher. Much like Brexit, its outcome is feared to cause an economic shockwave, the campaign saw bank stocks sinking and borrowing costs on sovereign debt rising. Beppe Grillo's 5-Star movement, which wants Italy out of the Euro, has called for an election within a week - to pick up on the momentum which saw Matteo Renzi lose the referendum by a margin of nearly 20 points, far bigger than that indicated by the polls.

Business

Van der Bellen leading in Austria presidential polls

In the first ballot, the FPÖ's Norbert Hofer got 49.65% of votes, while independent candidate Alexander Van der Bellen, who is also supported by the Green Party, got 50.53%. If Mr Hofer was elected, he would have been the European Union's first far right head of state. Following the arrival of a record number of migrants a year ago including many fleeing war in Syria, Hofer had also declared that Islam has "no place in Austria", seeing Muslims as a danger to the country's values, traditions ...

Business

U.S. jobless rate falls to 9-year low, payrolls rise

The unemployment rate fell to levels not seen since August 2007, before a bubble in the US housing market began to burst. In contrast, the goods-producing sector shed 20,600 jobs in November, led by construction, which fell by 14,400 posts.

Business

Chancellor abolishes Autumn Statement…but introduces Spring Statement

Secondly, the government must get net debt falling by the end of this parliament; and lastly, it must keep welfare spending below a limit, set by the government and monitored by the OBR. Overall, the OBR predicted that potential economic growth over the five-year period would be 2.4 percentage points lower than if the United Kingdom had voted to Remain in the EU.

Business

United Kingdom may pay for access to single market, says David Davis

But pro-Remain former minister Sir Oliver Letwin welcomed the idea. In the early 1990s the European common market grew into the single market we know today. France and Ireland on Thursday vented their frustration at the British government's slowness in outlining its Brexit plan, saying that they wanted some clarity in the next few weeks.

Business

Prince Harry blushes at PM's honeymoon invitation

The Prince Harry may well have sought a way to the less vehement that savings to his girlfriend Meghan Markle on media harassment that hit her like a tornado three weeks ago, it seemed nearly a given that he would escape no curiosity about their love story, during his two-week tour in the Caribbean.

Business

US Army Corp of Engineers: Dakota Pipeline to be re-routed

Protesters celebrate their great victory at Standing Rock Sioux Reservation . The Morton County Sheriff's Department said Tuesday it would block delivery of supplies to protesters at the Oceti Sakowin camp. Pipeline operator Energy Transfer Partners did not immediately respond to a request for comment. However, Dakota Access LLC has its own cross claim against the federal government and could file additional claims after Sunday's decision.

Business

Activists at Standing Rock rejoice: Dakota Access Pipeline will be rerouted

She said being in North Dakota, her main concern was the tribes water resources and safety. He said he is encouraged law and order will be restored next month "when we get a president who will not thumb his nose at the rule of law". They now hope the project gets stopped entirely before a new plan under a new administration gains traction. But Vermont Senator and former presidential candidate Bernie Sanders praised Sunday's decision, saying, "I appreciate very much President Obama listening ...

Business

Alberta jobless rate hits 9%, highest since 1994

Analysts had expected job growth of about 170,000 with the unemployment rate holding steady at 4.9 percent , near a nine-year low. At the regional level, the western province of Alberta, hit in the spring by massive forest fires and a drop in oil production, lost 13,000 jobs last month, with the unemployment rate jumping 0.5 point to 9 percent.

Business

Markets Right Now: Dow briefly tops 19000 for first time

The S&P 500 is up 22.82 points, or 1 percent. A 0.6-percent drop in healthcare stocks, which had a sharp run higher following the November 8 USA election, contributed to the general weakness in US shares, with Eli Lilly last down 13 percent ahead of the Thanksgiving Day holiday on Thursday and an early market close on Black Friday.Gains in European industrials and energy shares buoyed stocks in the region, while financials weighed on the STOXX 600 index as Italian banks were again under ...

Business

China weighs response to Donald Trump's tweet storm

Tensions between the two major world powers seemed to get tenser after his speech. The US President-elect has attacked China after he was criticised by Beijing over his recent telephone conversation with Taiwan's President Tsai Ing-wen, reports said on Monday.

Business

Army Corps blocks easement route of Dakota Access oil pipeline

Authorities will move from the north end of the Backwater Bridge by 4 p.m. Sunday, they said , if protesters stay south of the bridge in the Oceti Sakowin camp, where thousands are camped out in protest against the four-state, $3.8 billion pipeline, and come to the bridge only if there is a prearranged meeting with law enforcement.

Business

Romney under 'serious' consideration for Sec. of State

Mr Trump said on Twitter. "I think there are huge advantages to Rudy Giuliani frankly", Gingrich, the former GOP House Speaker told reporters in Trump Tower in New York City, according to The Hill . And if the president-elect is serious about protecting American values, interests and allies around the world, he should appoint Mitt Romney secretary of State.

Business

Italy hit by market volatility after referendum defeat

Mr Renzi said her would formally notify his cabinet of his resignation on Monday afternoon, before tendering his resignation to the Italian president. Mr Renzi is - was - one of a diminishing number of politicians in Europe who seem to believe this. "We must listen to this thirst for freedom of nations and protection".

Business

After defeat in referendum, Matteo Renzi to resign as Italian Prime Minister

So I do not expect a free fall in the euro in the near term, " said Minori Uchida, chief currency analyst at the Bank ofTokyo-Mitsubishi. France's far-right National Front Leader Marine Le Pen also welcomed the news as part of her euroskeptic agenda, saying: "The Italians have rejected the European Union and Renzi".

Business

Kinder Morgan pipeline boss calls for peaceful protest

So I'll continue to make that case. The actions were filed in May after the National Energy Board recommended the federal government approve the project. "If for some reason, five years from now, it's not built, I suspect we would be in a position to revisit that issue - and I suspect we wouldn't be the only people to do it", she said.

Business

U.S. crude futures extend gains on production cut deal

Analysts also believe that other producers such as U.S. may produce more oil due to the increasing prices . Less than 48 hours after Kachikwu's remarks, Brent crude, the worldwide benchmark for oil, rose by over $2 to $54 per barrel on the Global market.

Business

Trump criticises China over currency, South China Sea

Donald Trump In Cincinnati [Image by Evan Vucci/AP Images] Reuters reports that Chinese state media has been quick to cite Donald Trump's inexperience as the cause of the diplomatic incident. "All he did was receive a phone call", Conway told reporters Sunday at Trump Tower in NY. Trump's unusual call with Taiwan President Tsai Ing-wen prompted China to lodge "stern representations" with the "relevant USA side" on Saturday.

Business

Niki Lauda expects Mercedes to replace Nico Rosberg quickly

If Mercedes want the finished article then former world champions Sebastian Vettel or Fernando Alonso would be obvious choices. Newly-crowned F1 champion Rosberg, who clinched his maiden world title only six days ago in Abu Dhabi, stunned the sporting world on Friday by revealing his retirement from the sport with immediate effect.

Business

Oil falls as Iran and Iraq shy away from output freeze

An agreement to cut oil production within OPEC countries would reduce the current numbers by more than one million barrels per day. IEA Director Fatih Birol told Reuters on Thursday that even if production is cut, higher prices could prompt USA shale oil drillers to massively increase their own output.


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