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India's central bank says cash crisis is hurting the economy

Real estate bosses in India are disappointed that the Reserve Bank of India (RBI) held interest rates. Accordingly, the BSE bank index was also trading with gains of 0.68 per cent at 21,218.24 points at 11.46 hours. The Reserve Bank attributed the 50-bps lowering in its GVA growth estimate to 7.1 per cent this fiscal year to the lower-than-expected expansion in the second quarter and not to demonetisation that has hurt consumption activity massively.

Business

Iheanacho steps in, scores for City in 1-1 draw vs Celtic

His defensive work can not be overlooked, too. "I'm sure there will be a big career for him at Manchester City". "We're disappointed not to have brought it down to last game but I'm proud of the players and how they have taken on the challenge of such a hard group", said the Celtic boss.

Business

TSX pushes higher despite drop in energy stocks, oil prices

After initially showing a lack of direction stocks moved sharply higher over the course of the trading session on Wednesday. The Standard & Poor's 500 index rose five points, or 0.2 percent, to 2,209 and the Nasdaq composite rose 13 points, or 0.2 percent, to 5,321.

Business

Xerox Corp. (XRX) Shares Bought by Sei Investments Co

Below are dividend history charts for XRX, BCE, and MSI, showing historical dividends prior to the most recent ones declared. A number of other large investors also recently added to or reduced their stakes in XRX. The new Xerox expects to pay out an annualized per dividend of $0.25 per share. The ex-dividend date is Tuesday, December 13th. COPYRIGHT VIOLATION WARNING: "Xerox Corp".

Business

Oil extends gains on hopes for non-OPEC output cuts

A third OPEC source said cut pledges amounting to 500,000 bpd were more likely. Prices for prompt Brent and WTI benchmark futures contracts have hit their highest in almost a year and a half, but this rush by the shale industry to hedge has capped the rally in prices of oil for delivery further in the future.

Business

Goldman Sachs president tapped to head Trump's economic council

The National Economic Council was established in 1993 to advise the president on domestic and worldwide policy, specifically through coordination of policymaking and monitoring implementation of the president's economic agenda. Cohn would join at least two other former Goldman executives in the Trump administration, including Treasury Secretary-designate Steven Mnuchin and White House adviser Steve Bannon.

Business

Gains for banks and materials lead stocks to all-time highs

The ECB will continue with its program purchases until the end of 2017. The New Zealand dollar has risen to an 18-month high against a broadly weaker euro after the European Central Bank extended its asset purchase programme by nine months and signalled it isn't about to exit the market.

Business

Trump trains gun at Boeing for high cost of Air Force One

It's going to be over $4 billion. In January, Boeing won a deal to begin preliminary research on the future of the Air Force One carrier program. "I don't think anyone ever contemplated these kinds of conflicts for a president", says Jeff Hauser, executive director of the Revolving Door Project.

Business

European Central Bank seen expanding stimulus amid Trump, Italy uncertainties

As reported at 10:27 am (GMT) in London, the EUR/USD was trading at $1.0723, a gain of 0.07%; the pair earlier hit a session low of $1.0708, while the peak was established at $1.0732. The ECB's stimulus expansion comes before next week's key meeting of the U.S. Federal Reserve. -The Australian dollar fell 0.2 percent to 74.61 US cents after the nation's central bank kept interest rates unchanged and Governor Philip Lowe said "some slowing in the year-ended growth rate is likely".

Business

Why puts are hitting Express Scripts

Frontier Wealth Management LLC decreased its stake in Express Scripts Holding Co. The short-seller alleged that the lack of transparency in drug pricing benefits companies like Express Scripts . 7 Insider Sales transactions were made totaling 102954 shares traded. Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $59.00 target price on shares of Express Scripts Holding in a research report on Thursday, December 1st.

Business

Dakota Access Pipeline to be rerouted

Young called on America's leader to use law enforcement officers or the military to prevent any unauthorised work being carried out. The Standing Rock Tribe was concerned the pipeline could contaminate the water supply and defile sacred land.

Business

Trump to tap Oklahoma AG Pruitt to head EPA

Pruitt is notorious not just for his climate change skepticism, but also for several lawsuits he has filed during his time in the AG's Office of Oklahoma against regulations originating from the EPA, such as regulations created to reduce smog and toxic emissions from factories, according to Reuters .

Business

21st Century Fox Agrees to Buy Sky

Sky said Friday that it reached a preliminary agreement for £10.75 per share in cash ($13.52) but that certain material offer terms remain under. Shares in the broadcaster and telecoms company rocketed 256p to 1,047p on the news, after the two firms said they were talking about an offer price of 1,075p per share.

Business

Chester County OKs presidential recount in most precincts

On Sunday, Goldsmith ordered the hand recount of 4.8 million ballots start immediately. About 50 people marched in a circle for about an hour in front of the Michigan Supreme Court, where Green Party presidential candidate Jill Stein has asked the justices to hear an appeal.

Business

Coca-Cola CEO Muhtar Kent to step down next year

The executive was named to the operating chief role in August 2015, following stints as head of the company's European group and Mexican division. Coca-Cola also is offloading more of its bottling operations around the world, a move that will dramatically cut its headcount and let the company focus on product development.

Business

Trump Picks Oklahoma Attorney General for EPA Post

President-elect Donald Trump at Trump Tower in Manhattan, New York City, U.S., December 7, 2016. In a statement responding to a climate change initiative by a group of state attorneys general, Pruitt wrote , "Reasonable minds can disagree about the science behind global warming, and disagree they do".

Business

South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 bln

A US subsidiary of Sibanye oversaw the transaction, which is for all outstanding shares of Stillwater at $18 each, a premium of 25 percent to its volume-weighted share priced during the 30 days prior to the announcement and a 23 percent premium to its closing price on Thursday.

Business

President Obama defends counterterrorism plan before handover to Trump

With almost eight years in office, Obama cited reduced U.S. troop commitments in Iraq and Afghanistan. In his last national security speech , delivered before troops on December 6, Barack Obama praised and defended his administration's legacy and offered his view on how successors should continue its policies and uphold its values.

Business

How the Dow Jones industrial average finished Thursday

Bond yields are falling, and investors seeking income are buying stocks that pay large dividends, like real estate investment trusts, utilities and phone companies. Brent crude, the worldwide standard, shed $1.01 to $53.93 a barrel in London. U.S. Steel rose $2, or 5.6 percent, to $37.95. The central bank is expected to extend the duration beyond the current end-date of March.

Business

Trump Picks Climate Denier and 'Fossil Fuel Industry Puppet' to Head EPA

Pruitt, 48, a staunch ally of the fossil fuel industry, has taken a lead nationally in resisting Obama's environmental agenda. "Respect for private property rights have allowed our nation to thrive, but with the recently finalized rule, farmers, ranchers, developers, industry and individual property owners will now be subject to the unpredictable, unsound and often byzantine regulatory regime of the EPA", Pruitt said a year ago.

Business

Euro steadies after short-covering rally, eyes on ECB and Italy

This time, Mr Mattarella accepted the resignation of the man who in February 2014 became Italy's youngest premier aged just 39. Referencing the clamour for early elections, he said: "We are not afraid of anything or anybody, if other parties want to go to the polls.

Business

What are analysts Suggestions on: Advanced Micro Devices, Inc. (NASDAQ:AMD)

This past month, Advanced Micro Devices, Inc .'s stock is trading 47.71%, 75.25% over the last quarter, 139.35% for the past half-year and 340.00% for the past year. ( AMD ), so its rating change is noteworthy. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation.

Business

Broad rally takes US indexes back above record highs

United States stock rose again on Thursday and set fresh record highs, bolstered by data showing United States labour market strength, and amid hopes that the Trump administration will usher in tax cuts, deregulation and fiscal stimulus. Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq , a 2.06-to-1 ratio favoured advancers. Sentiment got a lift after Wall Street notched its best performance since the US election on Wednesday, sending both the S&P ...

Business

Brent Oil drops despite poor US Crude Levels December 07, 2016

West Texas Intermediate (WTI) crude oil futures for delivery in November were 0.2% higher at $50.87 per barrel during Wednesday's pre-market trading session while Brent oil futures for delivery in December were 0.1% higher at $52.48 per barrel.

Business

ED: Tom Price and Health and Human Services

As a congressman, Georgia Republican Tom Price has been thwarted in his hopes to repeal the Affordable Care Act and transform Medicare into a voucher-like program for future participants. His comments come as some Republicans are coalescing around a plan to repeal the law without a replacement drafted, with a transition period to allow current consumers to maintain coverage as the GOP works to implement a new system.

Business

Trump Picks Oklahoma Attorney General Pruitt as Head of EPA

Early in his career, Pruitt sued to prevent the EPA from settling lawsuits brought by environmental groups like the Sierra Club. Politico reported that for Pruitt's 2014 reelection campaign, in which he ran unopposed, he raised $114,000 from energy company PACs and executives, including donations from ExxonMobil, Koch Industries, and oil and coal industry interests.

Business

ECB says stimulus extension to support economy

At the same time, the European Central Bank will slow the pace of purchases, buying €60 billion of debt a month instead versus its current pace of €80 billion ($64 billion instead of $85 billion). The contract gained $1.07, or 2.1 per cent, to close at $50.84 a barrel in the previous session. Holger Schmieding, economist at Berenberg Bank, said that the ECB's decisions - offering less stimulus but for longer - "should roughly offset each other".

Business

Trump delivers 'mixed message' on China at Iowa rally

Trump called Branstad "a very special man" who has become "a great friend" who knows how to get results "and he will deliver results". "That has hurt the Chinese people's feeling and created an extremely negative background for Sino-American relations", Liu highlighted".

Business

ECB denies world's oldest bank more time to raise funds

A source close to a United States private equity fund said yesterday it would be interested in putting money in the lender if the Italian government also injected cash and offered some guarantees for its investment. And Monte dei Paschi is just the biggest - not the only - worry facing Italy's banking system, which is lumbering under 360 billion euros ($386 billion) in loans that won't be repaid in full.

Business

How 'very enjoyable meal' in Dublin led to¤751m deal for Fyffes

In early trading today, Fyffes shares - listed in Dublin and London - jumped nearly 45% higher, up €57.5 to €186.5, indicating the hefty price being paid is a knock-out blow. The group now imports 30 per cent of the all of the bananas coming into Japan. "Sumitomo will provide Fyffes with experience, support and investment to continue to build on the tremendous Fyffes skills and experience and reach greater potential".

Business

Time Inc. Hires Help To Weigh Overtures

The company tapped Morgan Stanley and Bank of America Corp., according to people familiar with the matter. Some analysts believe that magazine publisher and TV station owner Meredith Corp. Digital advertising has been the lone bright spot for the company, with revenue rising 63% in the latest quarter. Time Inc., which has a stock market value of about $1.77 billion, has been struggling to adapt to a digital world.

Business

Mauricio Pochettino sends warning to Man United ahead of Tottenham clash

However efforts from Dele Alli, Harry Kane and an Igor Akinfeev own goal earned an important win and sent Pochettino's men into the Europa League. Tottenham were third in the group and will enter Europa League when the knockout stages begin in February.

Business

Markets Right Now: Stocks edge up; Dow, S&P 500 at records

Traders are reacting to the European Central Bank's (ECB) decision to leave interest rates unchanged, and extend its stimulus program for at least another year, though the policymakers will scale back monthly bond purchases starting in April.

Business

RENZI RESIGNS: Italian PM QUITS three days after crushing referendum defeat

Italian voters dealt Premier Matteo Renzi a re. Italian Premier Matteo Renzi said he would resign Wednesday evening now that Parliament has approved the 2017 national budget, a step required by the nation's president before he would let the leader step down .

Business

Apple makes its first major investment in wind power

According to the cooperative framework, Beijing Tianrun agrees to transfer to Apple 30 percent of the equity in each of the following subsidiaries: Nanyang Runtang New Energy Co., Ltd.in Henan province; Zibo Runchuan New Energy Co., Ltd.in Shandong province; Shuozhou Pinglu Sineng Wind Power Co., Ltd.in Shanxi province; and Qiaojia Tianqiao Wind Power Co., Ltd.in Yunnan province.


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