Energy companies and banks are leading stocks higher in afternoon trading on Wall Street. A jump in the price of crude oil sent oil and gas companies higher, while banks benefited from rising bond yields, which will help them make more money from lending by allowing them to raise interest ... Read More »
– Travelers along the East Coast are preparing for delays and cancelations as Hurricane Matthew heads toward the U.S. Airlines are preparing to suspend flights from Florida up through Georgia, South Carolina and North Carolina, depending on where the hurricane strikes. Cruise lines are shuffling ship itineraries and many frantic ... Read More »
– U.S. services companies grew last month at the fastest pace in nearly a year, potential good news for the U.S. economy. The Institute for Supply Management said Wednesday that its services index jumped to 57.1 in September, the highest point since October, from August’s 51.4, the lowest since 2010. ... Read More »
The landmark Paris agreement on climate change will enter into force in 30 days, after the number of countries ratifying the accord surpassed a key threshold on Wednesday. U.N. Spokesman Farhan Haq said the EU, Canada and Nepal are all expected to deposit their instruments of ratification over the course ... Read More »
Donald Trump’s campaign manager downplayed an investigative report in Newsweek on Thursday that the candidate violated the Cuba embargo by spending money there in the 1990s to explore a potential real estate investment. In the report, Trump Hotels & Casino Resorts partnered with Seven Arrows Investment and Development Corp. to ... Read More »
An overhaul of the business rates system is to dramatically increase the tax paid by businesses in central London and cut the bills for struggling northern towns. Shops on Regent Street in London face an 87% increase in their business rates bill next year, while northern towns such as Bolton ... Read More »
MUMBAI, SEPT 29: Shares of ICICI Prudential Life Insurance made a sluggish debut on the bourses today, falling 1.5 per cent, against the issue price of Rs. 334. The stock listed at Rs. 329, down 1.49 per cent over the issue price, on BSE. It later touched the day’s low ... Read More »
ALGIERS, SEPT 28: OPEC had agreed on Wednesday for modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC made an exceptional decision today … After two-and-a-half years, OPEC ... Read More »
Indian equity markets plunged on Thursday afternoon following the news of surgical strikes by the army across the Line of Control (LoC) in Jammu and Kashmir. Both the key indices plummeted by almost one per cent each. All the 19 sub—indices of the BSE were trading in the red. The ... Read More »
MUMBAI, SEPT 29: The benchmark BSE Sensex recovered slightly from intraday low of 27,719.92 but was still trading down by over 450 points as India conducted surgical strikes on terror launch pads last night across the Line of Control (LoC) and inflicted significant casualties and heavy damages. Lt General Ranbir ... Read More »
Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 – Yahoo YHOO -3.06% confirms that 500 million accounts were hacked back in 2014. From Forbes: Bob Lord, chief information security officer at Yahoo, has stated that the ... Read More »
More than 20 European business associations and companies interviewed by Reuters say they back their governments’ position that Britain’s banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc’s rules. Britain wants a trade deal that gives London’s financial district, known as the City, ... Read More »
