Markets

OPEC Production is at 8 Year High

OPEC Production is at 8 Year High

The nationwide crude increase was more than twice the 2 million barrel gain forecast by analysts surveyed by Bloomberg , and well above a 2.7 million barrel increase reported Wednesday by the industry-funded American Petroleum Institute. By Prince Okaforhe price rally that followed the previous week's breakthrough in production output freeze by members of the Organisation of Petroleum Exporting Countries, OPEC, appears to be buckling as crude oil price slipped a second day on speculation ... Read More

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Kathrada, struggle big guns, to accompany Gordhan to court

The former Rivonia trialist and Robben Island political prisoner said his show of solidarity with Gordhan was because of what the minister represented - clean governance, economic stability and ethical leadership. Mr Gordhan had served South Africa well and it was hard to understand why he was being prosecuted at this stage for what seems to be a small offence when compared to the many billions of rands lost to corruption and wasteful spending which have been identified by the Auditor General. Read More

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Clinton proposes tax relief for families with young kids

The study also found that the Clinton plan would reduce the federal debt by $1.6 trillion over 10 years, because of reduced federal interest costs. It now tops out at $1,000 per child for families that meet income guidelines. Nearly two-thirds of that revenue would come from the richest 0.1 percent, who would pay an average of $1.1 million more each year, reducing their incomes by nearly 11 percent. Read More

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Now You Can Swap Your Galaxy Note 7 At AT&T, Sprint,…

The Federal Aviation Administration are also on the latest case to verify the authenticity of the Galaxy Note 7 user's claims of the handset being a replacement device after Samsung's first round of global recall . Analysts expected the recall to cost about 1 trillion won. According to the owner of the device says that he already replaced his phone after the recall of the Note 7 devices for the battery issues. Read More

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Ford shuts Mustang factory for one week after sales plunge

Ford shuts Mustang factory for one week after sales plunge

Sales of all Ford-brand cars fell by double-digits in the U.S.in September, as Americans continue to gravitate toward crossovers and SUVs, but the Mustang's decline was particularly abrupt. The second adds a cold air intake, 87 mm throttle body and the Shelby GT350's intake adapter and CARB-certified open air filter, all of which boosts performance by 21 horsepower and 24 lb-ft of torque. Read More

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Obama to consider 'proportional' response to Russia hacking

Obama to consider 'proportional' response to Russia hacking

The allegations have centered on the idea that Russian Federation is hacking the Democratic Party to try to get Donald Trump elected, and are trying to "hack the election" in some other vague terms. They don't know how to win - I will teach them!" Following the release of the video, Mr Trump initially said he was sorry "if anyone was offended" by the "locker room banter". Read More

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Muschamp: Georgia-South Carolina game moved to Sunday

Muschamp: Georgia-South Carolina game moved to Sunday

He started South Carolina's first two games against Vanderbilt and Mississippi State then did not appear again until last week's loss to the Aggies. "We run the ball". Both were expected to take control of the offense and both have gone through some growing pains this season. All major interstates across SC are open, but some travelers tell News 2 there is some debris along parts of I-26 and I-95. Read More

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Qatari royal family mulls increasing Deutsche Bank stake

The lender has informally spoken to potential anchor investors, including new and existing shareholders, to back a possible capital increase. This implies that the Qatari investors may have lost, on paper, over $1.2 billion. "At this stage, no bank has gotten any mandate for a cap hike", a person close to Deutsche Bank said. Deutsche Bank is a global equity capital markets powerhouse itself, ranked 7th worldwide according to Thomson Reuters data, so it has the necessary expertise itself to ... Read More

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FBI says Minnesota mall attack was premediated

FBI says Minnesota mall attack was premediated

Officials in Minnesota on Thursday released surveillance video showing the brazen knife rampage at a St. Cloud mall last month, and said the attacker who was shot dead by a police officer was likely radicalized. Apple did not immediately respond to a request for comment on Thursday. FBI Director James Comey said last week it appeared Adan, who was Somali-American, was at least partly inspired by extremist ideology. Read More

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Colts dump starters Antonio Cromartie, Sio Moore

Here's our breakdown of the Colts. Luck said the injuries and shake-ups have not impacted the way he's handled his role. During that time, he intercepted 13 passes and scored one defensive touchdown. Against the Colts, the Jaguars' defense allowed only 284 total yards. After starting each of the team's first four games this season, cornerback Antonio Cromartie was released by the Indianapolis Colts on Tuesday. Read More

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It's all change and no change for the RBI on rates day

It's all change and no change for the RBI on rates day

The panel, headed by RBI Governor Urjit Patel, cited the downward shift in the momentum of food inflation and the government's measures to cool food inflation pressures as contributory factors. "We believe the rate cut was very much required for the economy, and if inflation data supports there could be another cut of 25 bps towards the end of the financial year", Angel Broking CMD Dinesh Thakkar said. Read More

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Petrol, diesel prices hiked

Petrol, diesel prices hiked

Petrol will now cost Rs 64.72 a litre in Delhi from midnight tonight as against Rs 64.58 per litre currently. Fuel prices in the country depend on the USD-INR exchange rates and crude oil prices in global markets. The current level of worldwide product prices of petrol and diesel and INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision. Read More

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US Presidential race 2016 has 'brought out worst in people'

US Presidential race 2016 has 'brought out worst in people'

USA Today's editorial board broke a 34-year tradition this week, taking sides in a presidential race and declaring Republican nominee Donald Trump "unfit" to serve in the White House. The only recent poll that put Trump on a stronger footing was conducted by LA Times/USC Tracking, according to which the NY businessman led Clinton 47 percent to 42 percent. Read More

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Trump brings up Clinton's health, questions if she's 'loyal' to Bill

Trump brings up Clinton's health, questions if she's 'loyal' to Bill

Campaign finance reports show that Donald Trump and Hillary Clinton have accelerated their spending on promotional products after each of their party's political conventions. When Clinton arrives in OH on October 3, shell mark her first appearance in the Midwestern battleground in nearly a month. Trump, who courted very little outside money earlier in the election, has taken a page from Sanders' playbook and greatly increased the number of small donations he is receiving. Read More

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Amidst recent crisis, Deutsche Bank hopes of $5.4bn U.S. settlement

Fears over Deutsche's financial health stretch back to the 2008 financial crisis when it was hit with various fines and lawsuits as regulators forced Europe's banking sector to restructure, but they were brought back into the spotlight after the United States Justice Department last week suggested the German lender may need to pay $14 billion to settle several investigations related to mis-sold mortgage securities. Read More

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Illinois treasurer: State will suspend Wells Fargo business

Illinois treasurer: State will suspend Wells Fargo business

In addition, California, the bank's home state, suspended Wells Fargo's "most highly profitable business relationships" with the state for at least a year, including the lucrative business of underwriting certain municipal bonds. Camden Fine, president and CEO of ICBA, said he expects Congress to pursue legislation that would create a whole new series of regulations for consumer banking products. Read More

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German economy minister slams 'irresponsible' Deutsche Bank

The euro was flat at $1.1236, after rebounding from a nine-day low of $1.1153 on Friday, while the dollar index .DXY was up 0.07 percent at 95.529. In the United States, officials at the Justice Department are said to be pursuing a $14 billion fine for Deutsche Bank for its role in the 2008 financial crisis by passing off worthless investments in the housing market. Read More

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