Markets


Markets open on a positive note on Wednesday Markets open on a positive note on Wednesday
- December 02, 2016

The BSE benchmark Sensex fell over 133 points and the Nifty slipped below the 8,100-mark in early trade today as banking stocks led fall on fresh selling amid mixed Asian cues. Rupee which too saw the worst November in five years rose marginally against the U.S. dollar. last week, the rupee had hit its record low at 68.86 per dollar. (more...)
UK Brexit minister: Leaving EU won't mean economic isolation UK Brexit minister: Leaving EU won't mean economic isolation
- December 02, 2016

Access to seasonal and permanent employees from overseas is "essential" to the food supply chain in the United Kingdom, food industry leaders said. Ms White said negotiators should be open to the idea of keeping laws which work, in order to avoid "making things worse, by inadvertently weakening powers or protections". (more...)
US home prices surpass pre-recession peak amid healthy sales US home prices surpass pre-recession peak amid healthy sales
- December 01, 2016

According to the S&P Case Shiller national home price index , home prices plummeted 27.4 percent from a peak reached in July 2006 through February 2012. The year-on-year rise of 5.5 percent, when coupled with the recent rise in mortgage rates , is adding further to affordability challenges. Yet Americans' after-tax incomes have increased just 1.3 percent during that time. (more...)
Trump Picks Treasury Secretary, Says He'll Leave Business Trump Picks Treasury Secretary, Says He'll Leave Business
- December 01, 2016

Mnuchin, meanwhile, told CNBC on Wednesday that he and Ross are "thrilled to work for the president-elect and honored to have these positions". Tax experts have questioned Trump's assertion that the proposals would not add to the nation's debt and deficit. (more...)
Cyrus Mistry could be sacked as Tata Power chairman on December 26 Cyrus Mistry could be sacked as Tata Power chairman on December 26
- November 30, 2016

Cyrus Mistry has been removed as chairman from yet another Tata Group firm, with Tata Steel on Friday stating that it has removed Mistry and appointed the steel giant's independent director O P Bhatt in his place. In his three-page letter to Wadia who is serves as independent director on three Tata companies, Bharat Vasani, Chief, Legal and Group General Counsel of Tata Sons said the Special Notice issued by Tata Sons to the board of Tata Steel was not to defame Wadia. (more...)
Unease as Zimbabwe rolls out 'surrogate' dollars Unease as Zimbabwe rolls out 'surrogate' dollars
- November 30, 2016

Zimbabweans have met their country's newly introduced bond notes with resistance. In total, the central bank has said it would issue $200 million in bond notes, which is says are backed by a credit facility from the African Import and Export Bank. (more...)
Young Syrian girl sends harrowing tweets of Aleppo bombing Young Syrian girl sends harrowing tweets of Aleppo bombing
- November 30, 2016

Seven-year-old Bana has been watching the films of "Harry Potter" in order to distract herself from the bombings and fighting in her hometown of Aleppo . Fatemah told CNN that her home was hit on Sunday evening, forcing the family to wait in the street for shelling to stop. "Bana, I work for Jo", he tweeted. (more...)
Possible foodborne illness strikes Northern California family Possible foodborne illness strikes Northern California family
- November 30, 2016

It is not yet known if it is an outbreak of a food-borne illness. The eight patients all lived at the same assisted living facility and ate the dinner, so experts are not sure if it was the dinner or something in their environment that made them sick. (more...)
Co-op Energy to take on GB Energy customers Co-op Energy to take on GB Energy customers
- November 30, 2016

So here's what you need to know and what you need to do if your energy company goes bust. Ben Jones, managing director of Extra Energy, has suggested that up to half of the 41 challenger suppliers may fold. The remainder of any credit balances will be paid for through an industry levy on all suppliers. Check Cashback websites to see if you can get money back before switching. (more...)
Order could have little effect on pipeline protest camp
- November 29, 2016

On Friday, the Army Corps sent a letter to the Standing Rock Sioux Tribe stating that land north of the reservation would be closed to the public as of December 5 and that a "free speech zone" would be established nearby where people could freely demonstrate. (more...)
Trump aide steps up bid to block possible Romney nomination Trump aide steps up bid to block possible Romney nomination
- November 28, 2016

Speculation circulated stating that Trump has just been toying around with Romney in hopes to humiliate him, but nothing has been proven true. On ABC's "This Week," Conway told host Martha Raddatz that Romney had taken special steps to question Trump's character and intellect - in her eyes a major detriment because the primary quality of a secretary of state should be loyalty to the president, she said . (more...)
PM Modi has already done Bharat Bandh, says Mayawati on demonetisation PM Modi has already done Bharat Bandh, says Mayawati on demonetisation
- November 28, 2016

The demonetisation exercise by the Modi government has brought a rarely seen unity among opposition parties, but they stand divided over the way they would protest against the measure on Monday (28 November). He claimed that Rs 1,000 and Rs 500 notes were scrapped to cover up the government's failure to deliver on the Prime Minister's big electoral promise of bringing back black money stashed overseas and Modi wanted to do something "dramatic". (more...)
300 attend Thanksgiving Day pipeline protest 300 attend Thanksgiving Day pipeline protest
- November 28, 2016

The protests received widespread attention when Democracy Now!'s Amy Goodman covered the protests on the scene , releasing video footage showing the tensions between protesters and private security contractors. The Sacred Stone Camp of the Standing Rock Sioux Tribe have set up a GoFundMe page for monetary donations. Construction has stalled as the Army Corps of Engineers engages in talks with Native American leaders. (more...)
New Orleans Police say 1 man dead following shooting
- November 27, 2016

The shooting took place on the final night of Bayou Classic weekend in New Orleans . The multi-day event includes a competition between rival marching bands, concerts and a parade. "Very tragic, unacceptable set of circumstances", New Orleans Mayor Mitch Landrieu said at the scene. "It's just a tragic end to what was otherwise a handsome weekend", Landrieu said. (more...)
Modi govt dares Rahul Gandhi to speak on 'demonetisation' in Parliament Modi govt dares Rahul Gandhi to speak on 'demonetisation' in Parliament
- November 26, 2016

I think that is not the issue that the government did not make ample preparation. Congress deputy leader Anand Sharma recalled August 2013 when, he said, the BJP had questioned Manmohan Singh's absence after he had sat for an hour during a debate. (more...)
Syrian Forces Continue to Strike Rebel-held Parts of Aleppo Syrian Forces Continue to Strike Rebel-held Parts of Aleppo
- November 26, 2016

A total of 110 people have been killed over the past 24 hours in air raids in Syria's northern city of Aleppo, reports said Thursday. "We told him that we reject that completely", Syria's Foreign Minister Walid Muallem said. Worldwide concern has been growing over the fighting, after Damascus launched a ferocious assault in Aleppo last Tuesday, using air strikes, barrel bombs and artillery fire in a bid to recapture the east of the battered city. (more...)
India just made it even harder to get hold of new cash India just made it even harder to get hold of new cash
- November 26, 2016

According to the Indian media, Modi said water on which India had its right was flowing into Pakistan. Pakistan has earlier said revocation of the Indus Waters Treaty can be taken as a "hostile" act against Pakistan. "We are living in good times when science has worked wonders", Modi said while sharing his resolve to put an end to the scourge of black money. "I think the pain of such people is that the government did not give a chance to make any preparation", he said at a book launch ... (more...)
Tesla, SolarCity shareholders prepare to vote on merger
- November 25, 2016

SolarCity's operations and staff will merge with Tesla and the SolarCity brand will become "Tesla Energy". It had also raised concerns with shareholders of the company that Musk might be overburdened with lofty future goals for Tesla, the work of integrating SolarCity , and his CEO duties at SpaceX. (more...)
Ben Carson offered HUD post, will consider it -Carson spokesman
- November 25, 2016

In a post on Facebook on Wednesday, the former presidential candidate said that while an "announcement is forthcoming" on whether he would serve in Trump's administration, he was concerned about issues in the "inner cities". "We have had offers , yes", Carson replied. The department of housing and urban development oversees policies concerning ownership of affordable home, metropolitan community planning, low-income housing assistance, and homelessness. (more...)
Demonetisation: Exchange of old notes to continue at RBI counters Demonetisation: Exchange of old notes to continue at RBI counters
- November 25, 2016

The RBI said the facility of exchanging demonetised currency notes "is no longer available at other banks" counters'. The gaffe - RBI has printed two variants of the new Rs 500 notes. Public sector banks remove service charge for debit card transactions. The government has also asked the Reserve Bank of India (RBI) to gird up for meeting the cash demand from government staff and pensioners after the electronic transfer of their salary and pension to their accounts early next week. (more...)

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