Global stocks gain ahead of OPEC meeting
TOKYO - Global stocks were modestly higher Wednesday, as investors awaited the results of a key meeting of oil producing nations. KEEPING SCORE: France's CAC 40 gained 0.2 per cent to 4,561.55. Germany's DAX edged up 0.2 per cent to 10,646.32. Britain's FTSE 100 inched up 0.1 per cent at 6,780.37. U.S. shares were set to drift higher with Dow and S&P 500 futures up about 0.1 per cent. OIL WATCH: Oil rebounded despite mounting skepticism that oil producers will reach agreement on curbing outpu..>> view originalThis is the apocalyptic scenario Britain's biggest banks faced in the Bank of England's latest stress test
Shutterstock The Bank of England just published the results of its 2016 stress test of Britain's banks. Most lenders performed solidly, but Royal Bank of Scotland, Barclays and Standard Chartered came up lacking. The three banks had to submit plans to the regulator detailing how they would raise capital and boost their resilience to financial shocks. The test was the third run by the Bank of England, and was used as a measure of how well Britain's banks would be able ..>> view originalMorning Agenda: The Choice for Treasury Secretary, Female Lawyers at a Disadvantage, Bridgewater Settlement
Photo Steven Mnuchin, Donald J. Trump’s probable pick for Treasury secretary, at Trump Tower in Manhattan this month. Mr. Mnuchin served as the Trump campaign’s national finance chairman. Credit Sam Hodgson for The New York Times Donald J. Trump has shown that he is willing to take on big business. He plans to announce a deal for Carrier to keep about 1,000 jobs in the United States.He also made no bones about attacking the financial industry during his presidential cam..>> view originalOPEC Members Meet in Vienna Amid Market Optimism
VIENNA—OPEC representatives began meeting here this morning in an attempt to finalize a deal that would limit oil output to prop up sagging crude prices. Ahead of a meeting that comes after months of negotiations on an output agreement, Saudi Arabian Energy Minister Khalid al-Falih—whose country is OPEC’s largest producer—said that if the cartel is able to reach an agreement, it will reach out to non-OPEC oil producers to try to...>> view originalDay of protests targets McDonald's, O'Hare, others for higher wages: 'Bills don't wait'
Hundreds of workers at Chicago's O'Hare International Airport spent Tuesday on strike to protest low wages, but officials said it had little impact on flight operations.The strike, organized by the Service Employees International Union Local 1, involved baggage handlers, janitors, airplane cabin cleaners and wheelchair attendants, many of whom convened for a rally in front of the airport at noon to call for a $15 minimum wage and union rights. Including supporters, the crowd swelled to 1,100, o..>> view originalDespite Climate Change Vow, China Pushes to Dig More Coal
Here in Jincheng, a smoggy city in China’s coal country, the about-face has led to a steady hum of activity. On a recent afternoon, other trains stopped to make way for two electric locomotives, their horns blowing, pulling more than 50 empty coal hopper cars ready to be filled. Large coal-carrying trucks now form half-mile lines. Allan Zhang, an electrician who works at a mine here, said his employer had raised monthly pay by nearly 50 percent since the summer.Two years ago brought “the autumn..>> view originalTrump reaches deal with Carrier to keep jobs in Indiana
"We are pleased to have reached a deal with President-elect Trump & VP-elect Pence," the company said. | AP Photo Trump reaches deal with Carrier to keep jobs in Indiana By Cogan Schneier and Timothy Noah 11/29/16 08:43 PM EST Updated 11/30/16 12:06 AM EST At a moment when much of Washington is watching to see how Donald Trump will handle his new job, the president-elect is demonstrating his most famous ski..>> view originalPaying Breitbart's bills: Advertisers pulling away from hateful content now that Steve Bannon is in the White House
As President-elect Donald Trump shrugs at criticisms over his choice of self-described “alt-right” firebrand Steve Bannon as his senior policy adviser, some companies are suddenly being touchy about their advertisements appearing on Breitbart.com, the far-right website Bannon led until his move into Trump Tower in August. Others, however, don’t seem to mind having their brands positioned next to articles like one published recently falsely claiming that “millions” of people illegally voted in t..>> view originalStriking Lufthansa pilots ground nearly 900 flights
BERLIN The latest strike by Lufthansa pilots grounded almost 900 flights on Wednesday and German companies and other Lufthansa staff called for an end to the protests which are costing the airline 10-15 million euros a day.Pilots staged a four-day strike last week then resumed their protest over pay that dates back to early 2014 on Tuesday, taking the number of canceled flights in the latest round of walkouts to about 4,500.One of Lufthansa's major corporate customers, Siemens (SIEGn.DE), said..>> view originalEuro-Area Inflation Accelerates Before Key ECB Decision on QE
Euro-area inflation accelerated in November, continuing its slow improvement before a crucial European Central Bank meeting next week.Consumer prices rose 0.6 percent from a year earlier, following a 0.5 percent increase in October, the European Union’s statistics office in Luxembourg said on Wednesday. Core inflation was unchanged at 0.8 percent in November. Both readings match the median estimate on Bloomberg surveys of economists.The ECB’s Governing Council wants to see a sustained pickup in..>> view original
Friday, December 30, 2016
Global stocks gain ahead of OPEC meeting and other top stories.
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