ECONOMIA

Oil prices rise but supply glut concerns remain

Brent futures slid $1.01 to settle at $53.93 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 86 cents to $50.93 per barrel. The increase in output ahead of the planned production cut triggered fears that the global supply overhang could persist well into 2017. Continua a leggere...

Sensex up 77 pts ahead of RBI policy meet

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,403.62 points, traded at 26,432.73 points (at 1.45 p.m.) - up 83.63 points or 0.32 per cent from the previous close at 26,349.10 points. Among the Asian bourses, Hong Kong's Hang Seng was up 0.32 per cent while Japan's Nikkei went up 0.40 per cent. Shanghai Composite Index rose 0.10 per cent in early trade on Wednesday. Continua a leggere...

Australian economy contracts 0.5 percent in September

Australian economy contracts 0.5 percent in September Consumer spending grew by just 0.4 per cent in the quarter, the weakest growth since 2013. It was the first contraction in growth since March 2011, and only the fourth quarter in the past 25 years that the economy has contracted - leading some to question the success of the Coalition's "jobs and growth" strategy. Continua a leggere...

Bank Nifty falls even as RBI keeps rate unchanged

India's central bank has unexpectedly held interest rates at a six year low. "It is possible that the central bank could decide to front load rate cuts if it perceives the negative impact on growth to be severe and long", Kaushik Das, Mumbai-based economist at Deutsche Bank AG, said in an e-mail. Continua a leggere...

Obama tells Renzi that US, Italy will remain close allies

EUROPEAN POLITICS: Leadership changes in the French government unsettled markets in early trading as investors anxious about renewed political uncertainty on the continent following Italy's referendum . Britain's eurosceptic Nigel Farage, who spearheaded the " Brexit " campaign, said the vote appeared to have been "more about the euro than constitutional change ". Continua a leggere...

Texas officer dies after crashing into sinkhole

A crane was used to retrieve her personal vehicle from water about 12-feet deep. The vehicle then became submerged by rushing water inside the sinkhole , then a second auto fell into it. Deputy Nishihara worked as a reserve deputy with the Bexar County Sheriff's Office from August 2009 to October 2016 before transitioning to a part-time deputy at the Bexar County Courthouse, where she reporte... Continua a leggere...

Reserve Bank keeps interest rates kept on hold at December meeting

There is the prospect of lower tax rates in the USA and increased infrastructure spending, but this also is still to be put in place. Subsequent data shows economy growing at rapid 3.3 per cent annual rate as of June. "This price action, coupled with less aggressive front book discounts, suggests that profitability across the investor book has improved materially in recent months", said Macquarie ... Continua a leggere...

Alaska Airlines gets US approval to buy Virgin America

After the acquisition, Alaska would not be able to code-share on routes where American and Virgin compete today. A group of consumers have sued Alaska in U.S. Alaska Air said the codesharing concessions represent a revenue loss of about $60 million a year. The combined business will have hubs in San Francisco and Los Angeles, where Virgin adds east-west routes to Alaska Air's north-south strengt... Continua a leggere...

PM hits out at critics of demonetisation

PM hits out at critics of demonetisation Addressing the issue, Finance Minister Arun Jaitley said, "PM will participate in the debate, opposition should start debate". Indian Economist And Former Prime Minister, Manmohan Singh, called out Narendra Modi's demonetisation stride government's monumental management failure. Continua a leggere...

Realtor Uses Secret Service to Sell Trump Tower Condo

Realtor Uses Secret Service to Sell Trump Tower Condo The condo, like all of the units in Trump Tower , is individually owned, meaning this is the rare example of someone whose last name isn't Trump attempting to profit off his new position. When Trump officially moves to Washington, D.C., the president elect has said that his wife Melania and son Barron will likely stay in Manhattan so that Barron can finish school. Continua a leggere...

Line Free Checkout Provider FutureProof Retail Reacts to Amazon Go

E-commerce giant Amazon.com officially entered the brick-and-mortar world on Monday as it unveiled a cashier-less grocery store in the company's hometown of Seattle, and reports indicate that the 1,800-square-foot location is only the first part of a much larger plan. Continua a leggere...

Amazon opens line-free grocery store

Amazon opens line-free grocery store When the customer is finished shopping, they can just leave the store. The system uses sensors to detect what customers have pulled off the shelves, and even what they've put back, and automatically charges the items to customers' Amazon accounts via the smartphone app. Continua a leggere...

Microsoft Acquisition of LinkedIn is Cleared by Regulators

Microsoft Acquisition of LinkedIn is Cleared by Regulators The European Union's regulators on Tuersday approved Microsoft's acquisition of social network LinkedIn on the condition that the USA company abide by several minor concessions it made to secure the deal. "The EU said Microsoft must allow rival networks access to Microsoft Graph , a program used to build applications that can tap data in the Microsoft cloud", the WSJ further added. Continua a leggere...

Yankees to Retire Jeter's No 2 on May 14, Last Single Digit

Yankees to Retire Jeter's No 2 on May 14, Last Single Digit Jeter will become the 22nd player in franchise history to have his number retired. In the least surprising news of the day, the New York Yankees announced Tuesday that they will retire Derek Jeter's No. Jeter, the team's first-round pick in 1992 (selected sixth overall), retired after the 2014 season having won five World Series (1996, 1998, 1999, 2000, 2009). Continua a leggere...

Verizon to sell data centers to Equinix for $3.6 billion

Verizon to sell data centers to Equinix for $3.6 billion The sale does not affect Verizon's managed hosting and cloud offerings, or its data centre services delivered from 27 sites in Europe, Asia-Pacific and Canada. There are reports Verizon is seeking to divest the Terremark assets. This includes ttree new markets in Bogotá, Culpeper and Houston, where the Verizon presence will add customers from the energy industry. Continua a leggere...

US trade gap widens as exports of soybeans, other goods fall

US trade gap widens as exports of soybeans, other goods fall According to the Commerce Department, the increase in deficit of goods and services in October reflected an increase in deficit of $6.3 billion to $63.4 billion while a drop in the surplus of services of $0.1 billion reached $20.8 billion. Continua a leggere...

Dividend Payout Of Wal-Mart Stores, Inc. (NYSE:WMT) At $0.5

Dividend Payout Of Wal-Mart Stores, Inc. (NYSE:WMT) At $0.5 In Wal-Mart Stores, Inc. BNP Paribas Arbitrage SA now owns 760,854 shares of the retailer's stock valued at $55,558,000 after buying an additional 39,954 shares during the period. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The company had revenue of $118.20 billion for the quarter, compared to analyst estimates of $118.69 billion. Continua a leggere...

Amazon Go: An advanced grocery store with no checkout

Customers scan the Go app as they enter the store , which opens their virtual cart. Currently, Amazon only has one Amazon Go store - and it's in Seattle , located at 2131 7th Avenue, on the corner of 7th Avenue and Blanchard Street. To shop at the stores, which will all be a compact 1,800 square feet, you just need an Amazon account, the Amazon Go app , and a smartphone. The company says ... Continua a leggere...

Michigan's largest county starts its recount

Stein raised almost $7 million to fund the recount efforts, following news that security experts alerted Clinton's campaign to the possibility of hacks in key counties in those states. Election officials from both major parties maintain the vote is accurate. The recount-campaign decision came two days before a state court hearing was scheduled in the case. Continua a leggere...

House Majority Leader: Expect Tax Reform in 2017

We have to export 25 percent of what we produce". How many jobs merit a US president's attention? Those voters helped him win Democratic-leaning Midwest states like Pennsylvania, Michigan and Wisconsin, home to America's once-vibrant manufacturing sector. Continua a leggere...


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