stayontheblack.com

Business

Paris restaurateur in hot water after Islamophobic tirade caught on video

A restaurant owner in a Paris suburb is facing an investigation after chasing two veiled Muslim women out of his premises on Saturday in the latest incident of intercultural tensions in France . Then the woman enquired about the reason behind such disgusting treatment saying "Is it because we have bombs, sir?" France's interior minister said Monday that the country is at war with an enemy trying to pit Muslims against non-Muslims, making it urgent to create a strong bond between the nation ...

Business

Oil falls towards $49 on high output, strong dollar

NEW YORK , Aug 29 (Reuters) - Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country's crude output.

Business

RBI Governor Appointment Points To Policy Continuity: Capital Economics

As such traders expect Patel to keep the repo rate on hold at the RBI's next policy review on October 4 after inflation accelerated to 6.07 percent in July, above the RBI's near-term target of 5 percent. The clean-up of banks' balance sheet has started and it would be credit positive from a sovereign perspective, if it led to improved bank capitalisation levels, renewed loan growth and robust risk processes.

Business

India appoints Urjit Patel as next RBI governor

In a surprise move, the Indian government over the weekend appointed Urjit Patel, now the deputy governor of the Reserve Bank of India, to succeed Raghuram Rajan as the next RBI governor when his term ends on September 4. Rajan told his colleagues at the bank that he will be returning to academics after his term ends, adding that although the work on containing inflation and cleaning bank books is not over, he has made a decision to move on after "due reflection" and consultation with ...

Business

United pilots suspected of being drunk arrested in Glasgow

United 162, with 141 passengers aboard, finally got off the ground with new pilots almost 10 hours later, after the airline finally found replacements for the two suspected drunken fliers. flight, the Daily Record reported. The men are due to appear in court tomorrow. Perreault, from Ontario, and Syed, from Toronto, are charged under laws covering alcohol and drug limits in aviation.

Business

Stocks rise as Yellen gives upbeat talk on economy

It was also waiting to see better employment figures and inflation at 2%. Such uncertainty, she said, is inherent in the inability to predict economic shocks. The Dow Jones industrial average traded about 70 points lower after Fischer told CNBC next week's jobs report would weigh on the Fed's rate hike decision.

Business

Indian textile maker Welspun under scrutiny over sheets

After Target and Walmart , now JC Penney said it will investigate Welspun textiles product claims. NEW DELHI-Welspun India Ltd., the Indian textile company accused of selling fake Egyptian-cotton sheets to Target Corp. "The Target team will continue to work closely with all vendors to help ensure that the products we offer to our guests meet or exceed their expectations".

Business

Wall St dips on consumer, healthcare; Fed in focus

Data showed new orders for USA manufactured capital goods increased in July for the second straight month. Brent crude was up 60 cents, or 1.20 per cent, at $US49.64 a barrel. interest rate policy. "There is healthy skepticism about the Fed raising rates ahead of Yellen's comments tomorrow", said Adam Sarhan, chief executive officer at Sarhan Capital.

Business

Dollar droops as Fed minutes show scant support for near-term hike

That means, if economic data - especially those related to job gains, industrial production and wage gain - remains robust, possibilities of a rate hike may increase by the end of this year. Bond prices fall when yields rise. The minutes disappointed those expecting that the Fed couldbe turning more hawkish. The Australian dollar went up to 0.7690 dollars from 0.7647 dollars.

Business

Around 38.6% of Adult Australian Play the Pokies

People in the industry debate about the form of gambling that is the most popular in Australia, because they want to make sure they are investing the resources in the right places. Since 38.6% of adult Australian play the pokies, the culture is already skewed towards casino gaming in more ways than one. Still, the fact that pokies themselves have become so popular in Australia is noteworthy, and it is the sort of thing that people should keep in mind when they are trying to analyze the casino ...

Business

Florida, Bahamas should watch Invest 99-L

The storm's maximum sustained winds Wednesday are near 70 miles per hour (110 kph). As the tropical disturbance tracks near or over Puerto Rico and eventually toward the Bahamas, it will likely become a tropical depression and eventually Tropical Storm Hermine over the next few days.

Business

Smucker Tumbles As Sluggish Pet Food Sales Weigh On Forecast

Investors should also note the recent earnings estimate revisions for SJM, as the consensus estimate has been going upwards over the past 30 days. Net sales fell 7 percent to $1.82 billion, down for the first time in six quarters. The company's quarterly revenue was down 7.0% compared to the same quarter previous year. Learn how you could trade stocks with 91% to 100% success rate by using this revolutionary indicator that predicts when certain stocks are on the move.

Business

Hillary Clinton releases income records

The campaign reported the Clintons' effective tax rate as 34%, which includes the more than $300,000 the couple paid in self-employment taxes, which are payroll taxes for Social Security and Medicare. Trump's campaign chief, Paul Manafort, has said Trump likely won't release his tax returns before the election in November. Hillary Clinton released her 2015 tax return Friday, as her campaign dials up the pressure on Republican Donald Trump to do the same.

Business

Italy pulls off miraculous comeback over USA, headed to gold medal match

You can't not do that. Mighty Italy just had a little more in a match that will surely become an Olympic volleyball classic. "It just wasn't enough in the end", he said of a team that came to Rio as favorite after winning the World Cup previous year.

Business

Oil prices rise on output freeze optimism

Analysts at Citi also warned of the risks of a price rally based largely on potential future talks on freezing crude output levels given that similar meetings earlier this year failed to produce any such agreement. Saudi output was at a record 10.67 million barrels per day in July. The first is recent US dollar weakness. Saudi Arabia hinted at talks on stabilizing prices in the upcoming OPEC meet.

Business

IAG profit drops 14.1 per cent

Despite the result, IAG has also announced it will enter a $300 million off-market share buyback, which it says will be completed in mid-October. However, revenue from ordinary activities rose 11.8 per cent to $16.77 billion as insurance profit rose 6.8 per cent to $1.18 billion.

Business

What do Analysts Say about: Annaly Capital Management Inc (NYSE:NLY)

The Low projection of Price Target by the analysts stands at $3 while the High projection stands at $23.3. During its last trading session, Stock traded with the total exchanged volume of 9.33 million shares. The stock's Dividend stands at 1.2 and Dividend Yield stands at 11.06 Percent. While looking at the Stock's Performance , Annaly Capital Management Inc now shows a Weekly Performance of -2.34%, where Monthly Performance is 0.28%, Quarterly performance is 3.34%, 6 Months ...

Business

Japanese Markets Rise Despite Strength of the Yen

Asian stocks have rallied 24 percent from a February low as lackluster data from the world's biggest economies fueled speculation central banks will continue to support them with stimulus and loose monetary policy. China's regulators took another step toward opening their financial markets yesterday, unveiling a second channel for foreign investors to buy the country's stocks while also lifting restrictions on asset flows.

Business

Ulster County residents join Louisiana flood relief effort

The American Red Cross now has more than a thousand volunteers from all 50 states, Washington, D.C. and Puerto Rico helping with the relief efforts in Louisiana . "My home is here and it's OK, their home is gone so my job and what I feel I need to do is go out and help them". "Well, I can tell you there's a sense of nervousness because this is far from over", Ramieh said.

Business

Kinder Morgan Inc (NYSE:KMI) & Metlife Inc (NYSE:MET) Stock's Buzzers

Zacks Investment Research upgraded Kinder Morgan from a "strong sell" rating to a "hold" rating in a research note on Monday, June 20th. Now shares have been rated as "Buy" from 5 Analysts. Kinder Morgan Inc closed down -0.03 points or -0.14% at $21.75 with 1,61,58,406 shares getting traded on Wednesday. The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th.

Business

TSX ends barely lower after Fed as resource stocks weigh

Major producer Suncor Energy Inc fell 1.1 per cent to $36.19 and pipeline company TransCanada Corp slipped 0.7 per cent to $60.93. The materials group, which includes precious and base metals miners and fertilizer companies, added 0.3 percent.

Business

Ryan Lochte: 'I guarantee' Michael Phelps will compete in 2020 Tokyo Olympics

On Thursday night, he cruised to victory in the 200-metre individual medley meaning he broke that record that stood for over 2,000 years and firmly stamped his name into the record books - even the most ancient of ones. The doting father might need more fingers. Both Ledecky's and Phelps' races came after a contest that saw the continuing breakthrough of American Maya DiRado, who won gold in the women's 200-meter backstroke at the Olympic Aquatics Stadium in Barra's Olympic Park.

Business

Sock advances to Olympics mixed doubles final

Bethanie Mattek-Sands, of the United States, and partner Jack Sock, right, hold their hand to their heart during the national anthem after winning their mixed doubles gold medal match against Venus Williams and Rajeev Ram . Hradecka and Stepanek's win meant that the Czech Republic had finished off with a bronze medal in each of the three categories of the sport. The rest of the world will be watching Usain Bolt race for an historic third Olympic gold medal in the men's 100m sprint.

Business

US retail sales flat in July after 3 months of solid gains

The 0.4 percent drop in the producer-price index, the biggest since September, followed a 0.5 percent gain the prior month. They increased by 1.3%, while receipts at clothing stores fell 0.5%. AMZN, +0.35% and other internet retailers, saw a 1.3% sales gain. Still, consumption underpins the American economy, and the disappointing pause in retail sales does throw up some caution for the remainder of the year.

Business

Feds predict record corn, soybean yield; lower prices likely

The USDA predicts USA corn supplies for 2016-'17 will be at a record 16.9 billion bushels, up 1.5 billion from the prior year with the larger crop and small increases in beginning stocks and imports. The report was released August 12 by the National Agricultural Statistics Service (NASS) and the USDA. That's compared to 3.93 billion previous year.