Asia stocks slip on specter of higher US rates, dollar is 'a freight tra...
TOKYO Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar's bull run continued with U.S. bond yields propelled to multi-year highs.Japanese stocks swam against the tide and rose to a near 11-month high as the yen weakened. Spreadbetters saw a mixed opening for European stocks, forecasting a slightly lower open for Britain's FTSE .FTSE, a marginally higher open for Germany's DAX .GDAXI and a flat start for ..>> view originalDon't Give Up Hope Yet After Latest Alzheimer's Drug Setback
Alzheimer’s is one of the leading causes of death in the U.S. and the only disease among the top 5 for which there is no treatment. Prospects got even bleaker this week when an Eli Lilly & Co. experimental drug failed.Still, researchers and investors alike are urging the industry not to give up. And pharmaceutical companies, even those that had pulled out of the search for a treatment in the past, are responding with a renewed commitment -- for now.“This is such a devastating disease, and it’s ..>> view originalBlack Friday: Will It Signal a Resurgent American Economy?
Americans across the country are gearing up for what looks to be the most active holiday shopping season in years, and there’s reason to believe that this Black Friday could offer signs that consumers are ready to put the economy on its shoulders again. A recent survey of consumers by the National Retail Federation (NRF) points to a big surge in Black Friday traffic, with 137.4 million Americans expected to shop online or in stores over the four-day Thanksgiving weekend, up from 135.8 million l..>> view originalGerman Ifo business climate unchanged in Nov, unfazed by Trump
5 Things Retailers and Shoppers Should Expect from Black Friday Weekend
With the acrimonious election behind it, the American public is ready for some retail therapy. The “Super Bowl of Shopping” is upon us once again. This year, the bacchanal better known as Black Friday will be especially crucial for retailers given the pre-election angst that stores say cost them billions in sales. The long shopping weekend gives them a chance to make up for that lost income. By some estimates, the weekend generates 15% of November-December sales, so there’s no denying its impor..>> view originalUS airports ease Thanksgiving rush with friendly dogs
By David Ingram | NEW YORK NEW YORK U.S. airports trotted out friendly companion dogs to calm jittery travelers and offered perks including free parking on Wednesday as throngs of people rushed toward their Thanksgiving holiday celebrations.Up to 2.8 million people per day, about 600,000 more than average, are expected to fly in the United States over the coming six days, making it a busy period for travel, according to the trade group Airlines for America.Airports will not be the only crowd..>> view originalAutumn Statement: Hammond defends post-Brexit economy forecasts
Media captionPhilip Hammond opened his Autumn Statement by looking at the UK economic figures. Chancellor Philip Hammond has called economic forecasts in the Autumn Statement one of a "range of outcomes" after some pro-Brexit MPs criticised them for being too pessimistic.The Office for Budget Responsibility (OBR) forecast more government borrowing and reductions in economic growth after the referendum.Ex-minister Iain Duncan Smith accused the OBR of "utter doom and gloom".But Mr Chancellor ..>> view originalSkyscanner sold to China travel firm Ctrip in £1.4bn deal
Image copyright Skyscanner/BBC Skyscanner, the UK-based travel search business, has been bought by Ctrip, China's biggest online travel firm.The deal values Skyscanner at about £1.4bn ($1.75bn). The firm, which has its headquarters in Edinburgh, is available in more than 30 languages, with about 60 million monthly active users.It was set up to let users compare prices from different travel sites when searching for flights, hotels, and rental cars.Skyscanner said it would continue to run in..>> view originalDPNM Calls For Justice For Standing Rock Sioux Tribe
The Democratic Party of New Mexico (DPNM) took a stand to support the efforts of the Standing Rock Sioux Tribe to protect their water resources and sacred sites and to ensure tribal consultation is a priority. At a meeting in late October, the Democratic Party of New Mexico’s State Central Committee unanimously voted to send a letter of commitment to Standing Rock Sioux Tribe Chairman Dave Archambault. Chairwoman Debra Haaland, the first Native American state party chair in the country,..>> view originalRupee hits record low as emerging market rout intensifies
By Savio Shetty and Rafael Nam | MUMBAI MUMBAI The rupee fell to a record low of 68.86 on Thursday, pressured by a rallying U.S. dollar, capital outflows from emerging markets, and worries about the country's demonetisation drive.Despite repeated interventions by the central bank to slow the slide, the rupee breached its previous low of 68.85 to the dollar set in August 2013, when the country was mired in its worst currency crisis in more than two decades.The Reserve Bank of India intervened..>> view original
Friday, December 2, 2016
Asia stocks slip on specter of higher US rates, dollar is 'a freight tra... and other top stories.
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