Economy

Bloodbath on Dalal Street: Sensex tanks 1200 points, Nifty falls 300 points

Bloodbath on Dalal Street: Sensex tanks 1200 points, Nifty falls 300 points Capital Goods, Bank, Metal, Industrial, Finance, Basic Material, Consumer Durables, Realty and Auto sectors witnessed selling. India's volatility index (VIX) surged 35.9 percent to 21.815, highest since November 23, 016. Domestic participants were also anxious ahead of the RBI policy meet outcome amid indications that the central bank will keep rates on hold in view of firming inflation. [Full Article...]

Yellen to join Brookings Institution after leaving Fed

Yellen to join Brookings Institution after leaving Fed Yellen was appointed by Barack Obama as the first woman to lead the Fed. But Yellen said that she was grateful for the Fed career she did have which covered not only a four-year term as Fed chair but also serving as Fed vice chair for four years before that and also service as president of the Fed's San Francisco regional bank. [Full Article...]

US stocks swoon, sending Dow down more than 650 points

US stocks swoon, sending Dow down more than 650 points The Dow had its worst decline since June 2016, while the broader Standard & Poor's 500 index had its biggest one-day percentage drop since September 2016. The optimism helped lift stock markets ever higher, extending the boom into its ninth year. Paul Nolte, portfolio manager at Amundi Pioneer Asset Management in Boston, said: "It's all about the bond market, the bond market is calling the tun... [Full Article...]

TDP not to break alliance with BJP

TDP not to break alliance with BJP Earlier in the day, Home Minister Rajnath Singh held a meeting with TDP leader and Andhra Pradesh chief minister Chandrababu Naidu following which the party announced that its alliance with the saffron party will continue for the time being. [Full Article...]

Financial markets on track for worst week in 2 years

Rising interest rates in general mean higher borrowing costs for companies. It sets the stage to make credit cards, auto loans and mortgages more expensive. "We expected this volatility to be higher and that there would be a correction sometime this winter or spring", Tilley said. While earnings overall have been strong, some big companies have posted disappointing results. [Full Article...]

Alberta to suspend electricity purchase talks with BC: Notley

Alberta to suspend electricity purchase talks with BC: Notley As Alberta moves to phase out coal power by 2030, electricity prices in Alberta are likely to rise, and refusing to buy hydro power from B.C. will drive up the price further, he said. During a stop in Edmonton Thursday, amid rising tensions between Alberta and British Columbia over the long-delayed project, Trudeau said the $7.4 billion expansion would get built and that the federal government wou... [Full Article...]

YouTube TV is now live for both Rokus and Apple TVs

YouTube TV is now live for both Rokus and Apple TVs YouTube still trails Hulu's 450,000-plus live TV subscribers, according to the same report , and is now available in more than 80 percent of USA households. It was also reported that the app would be making its way to Roku-branded streaming devices as well. What are your thoughts on the YouTube TV app for Apple TV? Add-on plans are available for an extra fee and include networks like Showtime... [Full Article...]

8 charged with manipulating futures markets by 'spoofing'

8 charged with manipulating futures markets by 'spoofing' The Commodity Futures Trading Commission later announced related civil charges against three banks and six individuals. UBS had provided its futures traders, including Mr. The CFTC Complaint alleges that, as part of his manipulative and deceptive scheme, from at least November 25, 2013 to December 17, 2013, Mohan repeatedly engaged in manipulative or deceptive acts or practices by spoofing in acco... [Full Article...]

Xerox reaches deal ceding control to partner Fujifilm

Xerox reaches deal ceding control to partner Fujifilm Xerox-the iconic American company that began in Rochester, New York in 1906-has been acquired by Fujifilm for $6.1 billion. Xerox had also been under pressure from activist shareholder Carl Icahn, the company's largest shareholder, who demanded the US stakeholder alter or end its joint venture with Fujifilm. [Full Article...]

China Eastern, Xiamen Airlines cancel Taiwan flights amid routes row

China Eastern, Xiamen Airlines cancel Taiwan flights amid routes row Mainland Affairs Council Minister Chang Hsiao-yueh said China's decision to put the four routes - M503, W121, W122, W123 - into effect hurt Taiwan's aviation safety and national security and added to challenges between the two countries. [Full Article...]

Instagram Star Jen Selter Thrown Off American Airlines Flight After 'Sarcastic' Exchange

Instagram Star Jen Selter Thrown Off American Airlines Flight After 'Sarcastic' Exchange They said the airline "offered her hotel accomodations and transportation, which she declined", adding that Selter "flew on American Sunday morning back to NY". She apparently said "yes" when the crew member asked her if she wants to get off the plane. - Jen Selter (@JenSelter) January 28, 2018I did nothing wrong but got kicked off the plane. [Full Article...]

ITC rules Boeing not harmed by Bombardier

ITC rules Boeing not harmed by Bombardier Earlier this week, the Trump administration approved tariffs on behalf of Whirlpool (NYSE:WHR) against washing machine rivals, including Samsung and LG, and on behalf of USA solar panel companies against imported cells. Boeing has not yet indicated whether it will lodge an appeal against the ruling. "Today's decision is a victory for innovation, competition and rule of law", Bombardier said in... [Full Article...]

SpaceX has take a look at fired its Falcon Heavy rocket

SpaceX has take a look at fired its Falcon Heavy rocket The rocket is destined for Earth's neighbor Mars where it will send a very special payload into orbit around the red planet. The inaugural launch of the Falcon Heavy is a demo mission without a paying customer, with photos released by SpaceX showing a Tesla Roadster being encapsulated in the rocket's payload fairing to substantiate Elon Musk's statement the rocket would carry his auto beyo... [Full Article...]

Sanofi shells out $11.6bn on Bioverativ

Sanofi shells out $11.6bn on Bioverativ Sanofi has offered $105 per share, a premium of nearly 64% to the closing price of Bioverativ as on Jan 19, to acquire all outstanding shares in an all-cash deal amounting to $11.6 billion. On January 8, Sanofi obtained global development and commercialization rights to fitusiran through a restructuring of its rare disease alliance with Alnylam Pharmaceuticals, under which Alnylam obtai... [Full Article...]

'Serial stowaway' boards London-bound plane

'Serial stowaway' boards London-bound plane Guglielmi says Hartman this week got through a federal Transportation Security Administration checkpoint at a domestic terminal without a ticket before taking a shuttle to the worldwide terminal. The Chicago Department of Aviation released a statement, advising that no passengers had been put at risk by the episode. Instead, the agency released a statement saying, "This matter is subject to an... [Full Article...]

Facebook's Mark Zuckerberg urging people to call Congress over DACA

Facebook's Mark Zuckerberg urging people to call Congress over DACA The move follows a major change in policy from Facebook earlier in January, in which it said it would deemphasize "public content" such as news articles, video clips from TV networks, and advertisements, and instead prioritize messages from friends and family members. [Full Article...]

Kazakhstan: 52 killed after bus catches fire in Aktau region

Kazakhstan: 52 killed after bus catches fire in Aktau region Five others escaped the blazing bus in the region of Aktobe and are receiving medical treatment, said emergency official Ruslan Imankulov. "Another 52 people died on the spot", he said. A short circuit may have caused the fatal blaze, authorities stated at the briefing, adding that the bus was also overloaded. Footage of the fire showed black smoke and flames billowing from the vehicle that was ... [Full Article...]

Dow closes above 26000 for the first time

Dow closes above 26000 for the first time Investors kept an eye on the latest company earnings news while also monitoring developments in Washington ahead of a possible federal government shutdown this weekend. IBM rose 2.9% after Barclays analysts upgraded the stock two notches to "overweight" and increased its price target by $59 to $192. Technology and healthcare companies accounted for much of the gains. [Full Article...]

API reports another large crude draw

API reports another large crude draw The 14-member OPEC cartel has also boasted better adherence to output limits than in the past, according to analysts. OPEC lowered its forecast for demand for its own crude this year to 33.09 million barrels a day from 33.15 million a day. [Full Article...]

Bank Of Canada Hikes Rates To 1.25%; Gold Priced In CAD Jumps

Bank Of Canada Hikes Rates To 1.25%; Gold Priced In CAD Jumps The bank rate has an impact what Canadians pay lenders for things like mortgages and personal loans. NAFTA uncertainty hangs over the outlook, with the Bank explicitly downgrading the outlook for business investment and trade to account for the impact of negotiations. [Full Article...]


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