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The Brexit vote has cost the United Kingdom £1200000000000


The report's authors said most of the rise in wealth per adult in Switzerland was due to appreciation of the Swiss franc against the USA dollar from 2001 to 2013. The survey also points to a reversal in the trend of Irish people selling down their equity holdings. In contrast, the number of adults belonging to the global middle class, with net wealth between $10,000 and $100,000 grew by 90 per cent over the same period. Read More »

Trump meeting The New York Times after all


The New York Times only learned that its meeting with the president-elect had been canceled after seeing Trump's tweet , according to the paper's head of communications, Eileen Murphy. They tried to yesterday - asking for a private meeting and no on-the-record segment, which we refused to agree to. "The failing @ nytimes just announced that complaints about them are at a 15 year high". Read More »

Goldman Sachs Santander quit R3 blockchain consortium


R3 now boasts the involvement of over 70 fee-paying financial institutions from around the world, including Barclays, JP Morgan and Royal Bank of Scotland (RBS). The original 42 members will be given the first shot at participation in the fundraising round while R3 does not intend to lower its fundraising target any lower than the $150 million. Read More »

A $900 Billion Oil Treasure Lies Beneath West Texas Desert

Natural gas deposits have also been discovered at Wolfcamp and are estimated at nearly 160 trillion cubic feet, with 1.6 billion barrels of natural-gas condensate. ConocoPhillips, the world's largest independent oil producer by market value, increased its estimate for the size of its Wolfcamp holdings on November 10 to 1.8 billion barrels from 1 billion past year. Read More »

PV Sindhu in China Open finals


The Indian seventh seed lost the first game 11-21 but fought back to snatch the next two games 23-21, 21-19 respectively. Their last encounter was in March 2014. It was only a matter of time that Sindhu won the third game, which she eventually won 21-11. Yet at 14-all, Sun warded off a body-smash and hit her first curving overhead to go from 10-14 down to 16-14 up. Read More »

FD rates cut, loan rates next


The cut in fixed deposit rates is typically followed by a reduction in lending rate in the next few days. Regional Rural Banks' (RRB), cooperative banks, and nationalized banks recorded a growth of 3.68%, 1.27%, and 1.83% respectively on quarter-over-quarter basis. Read More »

Clarkson in airport row with 'Argentine official'


The TV presenter claimed "Argentinian" airport worker Manuel Pereira stopped him from boarding the flight in what Clarkson described as a "hate crime". A spokesman for Stuttgart Airport later told the BBC that Clarkson and his team had missed several calls for their flight and the other passengers had already boarded. Read More »

Target Is Soaring After 3Q Results (TGT)


Target Corp.'s (TGT) has YTD performance of 1.61%. Guggenheim analysts provided their view on Target Corp. Smith Catherine R accumulated 5,000 shares in the company at a per-share price of $67.82 and ended up spending $339,100 in the investment. Read More »

Slow store traffic weighs on Lowe's third-quarter profit


The company had revenue of $15739.00 million for the quarter, compared to analysts expectations of $15830.42 million. Lowe's ended the quarter with cash and cash equivalents of $960 million, long-term debt (excluding current maturities) of $14,395 million and shareholders' equity of $6,599 million, excluding non-controlling interest of $109 million. Read More »

Lawmaker offers 'suck it up, buttercup' bill to protesters


CBS Des Moines affiliate KCCI reports that University of Northern Iowa students and faculty gathered at three sessions to discuss the election and their fears. After receiving hundreds of emails of support from across the country, Kaufmann also has set up a website where supporters can "Adopt a Trump protester" and get a " suck it up, buttercup " hat for $17.76. Read More »

Surface Pro 3 battery issue

As part of its Black Friday offers, Microsoft is throwing in a free unlocked Lumia 950 and a free Microsoft Display Dock with every purchase of an unlocked Lumia 950 XL . Amazon is offering huge discounts for the purchase of tablets as well as Surface Pen. On the downside, Surface 4 carries lackluster Intel HD integrated GPU, unlike latest MacBook and MacBook Pro coming out with AMD Radeon Pro 400 series graphic cards with Polaris infrastructure. Read More »

Surprise fall in rate of inflation

For the month of August, 2016, the final Wholesale Price Index was revised upward to 183.3 as compared to 183.1 (provisional) and annual rate of inflation based on final index at 3.85% as compared to 3.74% (provisional) respectively. The pound has lost nearly a fifth of its value since the June 23 vote in Britain to leave the European Union. "However we need to remember that sterling's drop, assuming it doesn't continue to plummet, is a one-off factor, which will fall out of the year-on-year ... Read More »

Clergy join Dakota Access pipeline protesters for ceremony


Hundreds then sang songs while they marched to a bridge that was the site of a recent clash between protesters and officers. Authorities have made more than 400 protest-related arrests so far linked to protests over the $3.8 billion pipeline, including 141 last Thursday as hundreds of officers using pepper spray, bean bag rounds and other less-than-lethal tactics evicted protesters from their camp on the pipeline company's property. Read More »

Jayalalithaa has to recuperate: Apollo Hospitals


Jayalalithaa said that she is indebted to the people of Tamil Nadu and have been blessed with another life due to the prayer of people. "Her demise is a irreplaceable loss to AIADMK", she said in a party statement. Whenever she feels that she is physically fit and when she feels the hospital has given will happen. Answering another question, he said, "She is having the diet which she likes". Read More »

Banks have enough cash for exchange: RBI


A queue system was followed, and forms were made available at the entrance through a bank representative.The people were allowed in the bank premises in batches - only after one batch was catered to the next was allowed inside. India withdrew the legal tender status of existing 500 rupee and 1,000 rupee bank notes this week in a shock move targeted at cracking down on fake currency and wealth hidden from the tax authorities. Read More »

ATMs go dry soon after opening; queues continue at banks

Hence today, when ATMs were announced to be opened for withdrawal, long queues of people were formed outside even the smallest ATMs in every area. "The main reason is huge withdrawal and cash availability was not that much". He spoke of the 1.25 Crores of black money that has been discovered. At the root of this chaos is the fact that India is an overwhelmingly paper currency country: some 90% of the transactions are done with cash. Read More »

US to resettle Australia's refugees languishing on islands

Asylum seekers instead are turned back to their origin at sea, or shipped to one of two offshore processing centers on Papua New Guinea's Manus Island or the Pacific island state of Nauru. The US government could reject some refugees because it has a much more rigorous security clearance process than many other countries, including Australia, raising the possibility that some will be settled in other countries, possibly including Canada, Malaysia, the Philippines and New Zealand. Read More »

New Rs1,000 notes with extra security features in few mths:Das


The new series of notes, called the Mahatma Gandhi series of notes, are also Braille-compliant with lines on the side that enable blind people to ascertain their denomination easily. Withdrawal from ATM will be a restricted to Rs 2,000 per day per card in the first few days, which will later be raised to Rs 4,000 later. According to Naushad Forbes, President of the CII, the Prime Minister's epochal move to stamp out black money means a definitive and impactful end to the parallel economy and ... Read More »

Show Your Post-Election Solidarity With A Safety Pin


Much like the post-Brexit climate in Britain, the post-Trump election climate in the United States has unfortunately already been rife with reports of attacks on and abuse of minorities, Muslims, and women, among others. I will stand for your right to be who you are. Everyday Americans are pinning a safety pin to themselves to assure communities who might feel victimised that they have a "safe space" in them. Read More »

President-Elect Trump: 'It Is Time for America to Bind the Wounds of

Trump was written off again and again, repeatedly shocking the political establishment since a year ago - first by running, then by becoming a contender, winning the nomination and finally by moving into the Oval Office. That's the nature of campaigns, that's the nature of democracies. But she returned recently to deliver a speech - visibly nervous - to pay tribute to "American values: kindness, honesty, respect, compassion, charity, understanding, cooperation". Read More »

Canada open to renegotiating free trade with Trump

It's not as easy as you think. Canadian immigration process will follow the same protocol as always. How about political asylum for Democrats disgusted by the Republican President-elect, and his party-dominated Senate and House of Representatives? Canada's immigration website was knocked out on Tuesday, Nov. Read More »

Trump's conciliatory speech helps soothe market concerns


Markets fear a Trump victory could cause worldwide economic and trade turmoil, discouraging the Federal Reserve from raising interest rates in December as long expected. The Mexican peso has plunged more than 10% to an all-time low, after seesawing violently all evening as Trump started pulling ahead in key battleground states. Read More »