Money

OPEC to discuss 4-4.5% cut, excluding Libya, Nigeria

OPEC to discuss 4-4.5% cut, excluding Libya, Nigeria

Prices on Tuesday were initially boosted by comments from a Nigerian official attending the OPEC technical meeting, who said that it was likely all countries would be "on board" by the end of the day. "Secondly a more comprehensive agreement would spell out the obligations of the other 11 countries in response to eventual production upside from the 3 exempt countries (Iran, Libya, Nigeria)". Read More

Continue Reading »

Maalox, the new drink of choice in Congress

Maalox, the new drink of choice in Congress

Heidi Heitkamp , who is looking for funding to invest in "clean coal" technology for her coal-powered state-an objective vehemently opposed by outgoing minority leader Sen. These include some of the most conservative public officials in the country, such as Rick Scott in Florida and Paul LePage in ME, as well as GOP governors in key swing states, such as Rick Snyder in MI and John Kasich in Ohio. Read More

Continue Reading »

Orders could have little effect on pipeline protest camp

Orders could have little effect on pipeline protest camp

On Sunday, however, after a broad backlash, the corps said it has "no plans for forcible removal" and "is seeking a peaceful and orderly transition to a safer location". "The Corps of Engineers has declared the camp must be vacated by December 5 - which is essentially creating a militant confrontation between our government and the protesters - and that's wrong", he said. Read More

Continue Reading »

Zimbabwe rolls out 'surrogate' dollars amid cash shortage

Zimbabwe rolls out 'surrogate' dollars amid cash shortage

The Southern African country started using the USA dollar in 2009, after years of hyperinflation severely devalued its own Zimbabwean dollars. "They are pegged at 1:1 to the USA dollar". Depositors will be limited to a maximum withdrawal of $150 a week. While Mangudya insist that no one will be forced to use bond notes, there is likelihood that it will be tough to lay hands on the prized USA dollar especially if a parallel exchange market emerge. Read More

Continue Reading »

Shoppers flock to stores to snatch up Black Friday deals

Shoppers flock to stores to snatch up Black Friday deals

The survey found 27% of Irish adults would shop the sales, with 56% shopping exclusively online. "It's totally different now than it used to be", she said. Interdiscount's site featured an "Access Denied" message. "It's not bad now", she said. So the girls did it on their own, waking up at 5 a.m. and taking a commuter train from Wickford Junction to Providence so they could go to the Providence Place mall. Read More

Continue Reading »

Asian stocks mixed ahead of OPEC meeting

Asian stocks mixed ahead of OPEC meeting

Japan's Nikkei 225 NIK, -0.13% was down 0.8% and Australia's S&P/ASX 200 XJO, -0.79% was down 0.4%, while Hong Kong's Hang Seng Index HSI, +0.89% was up 0.5%. Crude prices and Europe's main stock markets were down over 1 percent in early European trading as Italian shares also took a fresh tumble ahead of its referendum on constitutional change this Sunday. Read More

Continue Reading »

PV Sindhu Stumbles At Final Step

PV Sindhu Stumbles At Final Step

Verma's inexperience showed in the third game as he read the play well but failed to hold his nerve in the crunch moments as Angus won the third game in 19 minutes. # Sameer dives to his left to return Angus' smash but finds the net. Sindhu caught up at 6-6. (Playing last week in China) It didn't affect me. But Ng picked the ideal time to reverse the trend as he prevailed in three games, 21-14, 10-21, 21-11, in front of a roaring crowd of 6,000 at the Coliseum in Hung Hom. Read More

Continue Reading »

India rupee ban: Ex-PM Manmohan Singh rubbishes Modi crackdown

India rupee ban: Ex-PM Manmohan Singh rubbishes Modi crackdown

Leader of Opposition in Rajya Sabha Ghulam Nabi Azad said: "The Prime Minister should be present in the House for the debate to go on". The Bharatiya Janata Party (BJP) today came down heavily on Rahul Gandhi for taunting Narendra Modi over his silence in Parliament on the government's demonetisation drive and alleged that the Congress vice-president being unserious about parliamentary proceedings courtesy his low attendance in the House has no right to question the Prime Minister. Read More

Continue Reading »

Swiss cast ballots on referendum on nuclear energy

Swiss cast ballots on referendum on nuclear energy

Like other countries after the 2011 Fukushima disaster, Switzerland pledged to abandon nuclear power in coming years. The Swiss government supports gradually shutting down the plants, but it forcefully opposed the initiative, insisting that Switzerland's reactors are safe and cautioning that premature closures could "undermine the security of supply". Read More

Continue Reading »

PM Modi's advice to the cash-crunched masses: Pay with mobile phones

In an unprecedented move, Prime Minister Narendra Modi addressed the nation through Doordarshan, India's state television. “Indus Water Treaty – Sutlej, Beas, Ravi – the waters in these rivers belong to India and our farmers. "Constitution and laws have been misused". The decision isn't being criticised much (by the common man). When this raised questions of what proof would be required, the government issued another notification cancelling the relaxation. Read More

Continue Reading »

Cortlandt's Thanksgiving Day Forecast and Beyond

Cortlandt's Thanksgiving Day Forecast and Beyond

The National Weather Service forecast says there's a slight chance of drizzle, snow and freezing drizzle Thursday morning that will change over to drizzle in the afternoon. Rain chances are slightly better Friday night into Saturday . Temperatures will be in the upper 40s across the Pacific Northwest, Utah and Montana, while parts of California will witness mercury settling between 60 and 70 degrees Fahrenheit. Read More

Continue Reading »

Thanksgiving Travel Rush: What to Expect

Thanksgiving Travel Rush: What to Expect

Even though the airport is small.officials say wait times are still one of their biggest complaints. San Diego International Airport (SAN) is bracing for long lines of holiday travelers, with an average of 60,000 passengers expected each day leading up to Thanksgiving. Read More

Continue Reading »

Sunoco acquires Energy Transfer Partners for $20 billion

Sunoco acquires Energy Transfer Partners for $20 billion

Energy Transfer Partners slid 7.2 percent to $36.52 in NY. Energy Transfer Equity L.P. "8" said the company as a "Hold". FMR LLC increased its stake in shares of Energy Transfer Equity L.P.by 182.4% in the second quarter. Exxon Mobil Corporation (NYSE:XOM) persists its position slightly strong in context of buying side, while shares price eased up 0.22% during latest trading session. Read More

Continue Reading »

Has Fantastic Beasts Been a Voldemort Origin Story All Along?

Warner Bros. and J.K. Rowling pulled off an exceptionally hard magic trick over the weekend . The Harry Potter movie franchise is one of the highest-grossing ever and the fans span the globe in their legions. Rowling, arrived in theaters under pressure to perform exceptionally well. Fantastic Beasts and Where to Find Them sees Eddie Redmayne as the young wizard Newt Scamander in 1920s NY, who accidentally releases magical creatures into the muggle world. Read More

Continue Reading »

Wal-Mart kicks off Cyber Monday on Friday

Wal-Mart kicks off Cyber Monday on Friday

Here are a few tips on how to survive the chaos of Black Friday sales. For example, J.C. Penney is making its deals available on its website on the Wednesday before Thanksgiving for the first time . "So many sales online start at 12:01 a.m. Thanksgiving Day , so you can get your shopping done before you even put the turkey in the oven and not even worry about getting out into the mess of the stores", said Reid. Read More

Continue Reading »

Indian equities rise on positive global cues

Indian equities rise on positive global cues

Indian shares look set to extend gains from the previous session as optimism about President-elect Trump's policies continued to boost global markets. The BSE market breadth was skewed in favour of the bears - with 2,223 declines and 408 advances. "The equity markets are trading in the green with the midcap indices outperforming today". Read More

Continue Reading »

Palo Alto reports 1Q loss

Palo Alto reports 1Q loss

Seven research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. In the last 27 earnings reports, the company has topped earnings-per-share estimates 66% percent of times. The company has a consensus rating of "Buy" and a consensus price target of $181.20. Read More

Continue Reading »

Trump Cancels Meeting With New York Times, Rants About It On Twitter

Trump Cancels Meeting With New York Times, Rants About It On Twitter

Without elaborating, the U.S. president-elect accused the newspaper of changing the terms of the meeting. "President Elect will meet with our publisher off-the-record". Trump's meeting with the New York Times was set to follow the discussion he had with executives from the major television networks and their top on-air talent on Monday which ended up playing out "like a f***ing firing squad" a source later told the New York Post . Read More

Continue Reading »

Santander joins Goldman Sachs in R3 departure

Santander joins Goldman Sachs in R3 departure

R3 now boasts the involvement of over 70 fee-paying financial institutions from around the world, including Barclays, JP Morgan and Royal Bank of Scotland (RBS). The participating banks will also acquire a stake in the development lab, which tests new blockchain-based applications. The new company is supposed to be a spin-off of one of three R3 firms already in existence, named the consortium distributed ledger group. Read More

Continue Reading »

Markets Right Now: Stocks climb as oil prices rise

Markets Right Now: Stocks climb as oil prices rise

Oil has rebounded since hitting the lowest in nearly two months last week as Opec members began making renewed diplomatic efforts before their meeting 30 November to finalize the output deal informally agreed to in September. "You have a Federal Reserve rate hike coming" in December, said David Stubbs, global market strategist at J.P. Morgan Asset Management. Tech deals also boosted sentiment in the sector and the broader market. Read More

Continue Reading »

Obama: Trump presidency's success is America's success

Once Obama and Trump have completed their undoubtedly strained tete-a-tete, there was a scheduled "pool spray", an inside-baseball expression that means a photo opportunity for the press. 'Common shake hands or both of you will be suspended from the school, ' wrote one person on Twitter about the handshake between the two men. The Obamas campaigned hard for Clinton and did not hold back their criticisms of Trump. Read More

Continue Reading »

Chaos as millions in India crowd banks to exchange currency

Chaos as millions in India crowd banks to exchange currency

Most of the visitors at ATMs had to go back, many of them not getting meager operational cash even on day 6 after the government announced demonetization of Rs1,000 and Rs500 denomination notes on November 8. State-owned SBI has said that it will try and re-calibrate by Monday night 1,000 of its ATMs to dispense Rs 2,000 currency notes. He listed out the list of emergency measures that government has taken on a fire-fighting mode to disburse cash to common public in every nook and corner of ... Read More

Continue Reading »

USGS finds 20 billion barrels in Midland Basin Wolfcamp

The Permian now has almost as many active oil rigs as the rest of the USA combined, according to an EIA report . The Wolfcamp shale formation in Texas' Permian Basin contains an estimated 20 billion barrels of crude oil, nearly three times as much oil estimated to be in the Bakken-Three Forks formation, the US Geological Survey said Tuesday. Read More

Continue Reading »

Sindhu to take on Sun Yu

Sindhu to take on Sun Yu

Sindhu lagged behind from the start as Bingjiao took a 5-1 lead early on and despite the Indian breathing down her neck with leads of 7-6, 12-11, 14-12, the Chinese managed to wrest control leading 17-14. Sindhu won the quarter finals in straight set again, beating China's He BJ 22-10, 21-10. That finally happened today at the China Open. After returning back to the homeland, she received a warm welcome by the people. Read More

Continue Reading »

Don't hoard currency, sufficient notes in supply: RBI

Don't hoard currency, sufficient notes in supply: RBI

Banning the old 500 and 1,000 rupee bills will be a large step in combating tax evasion and corruption, Modi explicated, refuting reports that claimed the move was about financing terror or plain-old bribery. Only one ATM was working but only briefly. As there is a sudden demand for cash, there is pressure on ATMs. In the morning, I usually find up to 100 messages from the night before and during the day, sometimes all four lines are ringing simultaneously. Read More

Continue Reading »