Money

Donald Trump weighs post-election options if he loses

Donald Trump weighs post-election options if he loses

This is who will be in the White House if he wins the election. That Trump was losing money during the early to mid-1990s - a period marked by bankruptcies and poor business decisions - was already well established. Trump insisted that he won the debate but also suggested that the non-partisan Commission on Presidential Debates deliberately gave him a defective microphone on objective in an attempt to sabotage his performance. Read More

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French court cuts damages owed by rogue trader Jerome Kerviel

French court cuts damages owed by rogue trader Jerome Kerviel

The bank's losses were of such a magnitude, the court said, that they would not have been possible "without the eminently deficient nature of Societe Generale's control systems, which created an elevated degree of vulnerability". As a result, the top court ordered a new civil trial. They allege he gambled a staggering 50 billion euros in speculative investments and was eventually uncovered by his bosses. Read More

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Parrikar meets defence chiefs after Baramulla attack

The spokesman for Srinagarbased XV corps Col Rajesh Kalia confirmed that terrorists had fired on the army camp, 54 km from Srinagar . Firing was also reported from adjacent houses located near the camps. One of the best missionary education institutions in the Kashmir valley, St Joseph's Convent, suffered the worst kind of savagery at the hands of Pakistani soldiers, as the convent nuns were killed and raped and the church was destroyed. Read More

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South Australia restores power amidst more storm threats

This week ABC political editor Chris Uhlmann also wrote about South Australia's electricity price spike and the challenges for an energy market in transition from fossil fuel to renewables, like the one in South Australia. The State Emergency Service (SES) said thunderstorms preceding the strong winds could also bring hail. SA Power Networks is now warning residents to "brace for extended outages and ensure you conserve mobile device battery". Read More

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Asian stocks gain as Deutsche Bank concerns ease

While the bank's Frankfurt-listed stock was not trading due to a public holiday, its US -listed shares were down 1.4 percent in premarket trading on Monday. It's important to have a global player like Deutsche Bank on one's side to succeed against worldwide competitors, FAS cited RWE AG's Peter Terium as saying. Read More

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Henderson ties up with Janus to form $6bn fund firm

Janus' largest shareholder, Dai-ichi Life, supports the merger, the firms said. Denver-based Janus Capital Group has agreed to merge with London-based Henderson Group PLC in an all-stock deal. The two companies combined had revenue of more than US$2.2bn and underlying earning [EBITDA] of approximately US$700mln in 2015. It is also expected to attract as much as 3 percentage points of additional net new money. Read More

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Trump's organization did business with Iranian bank later linked to terrorism

Trump's organization did business with Iranian bank later linked to terrorism

Trump has consistently smeared Iran on campaign trail, calling it a "big enemy" and blasting President Obama for sending $400 million to the country in an alleged hostage exchange. "The Treasury Department, the Trump campaign and Bank Melli all declined to answer whether the agency had issued a license to the Trump Organization or the bank permitting rent payments during Trump's ownership of the building", read the report. Read More

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Michelle Obama Makes Case For Clinton In Philadelphia

Michelle Obama Makes Case For Clinton In Philadelphia

The first lady called back to a number of things Trump has said this week, including his comments about former Miss Universe Alicia Machado's weight and appearance, and his boast that not paying taxes makes him "smart". "If you vote for a third-party candidate who's got no chance to win, that's a vote for Trump ". "Someone who will study and prepare so that they understand the issues better than anyone on their team", Obama said . Read More

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Rory McIlroy gets fan thrown out at Ryder Cup after insult

Rory McIlroy gets fan thrown out at Ryder Cup after insult

The United States lead Europe 6 1/2 to 5 1/2 after the morning foursomes on day two of the Ryder Cup. In a similar boat to Fitzpatrick, Chris Wood was on the winning side with Justin Rose as they won Jimmy Walker and Zach Johnson one up, the halved match between the Spaniards and Spieth and Reed making it a one-point match with Saturday's fourballs and Sunday's 12 singles matches remaining. Read More

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Christie, top lawmakers reach deal to raise gas tax for transportation projects

Christie, top lawmakers reach deal to raise gas tax for transportation projects

Christie also announced that in order to offset the gas tax increase he would eliminate New Jersey's estate tax and sales tax would be decreased on January 1, 2017. The fund will be replenished by a 23-cent gas tax increase. Christie by executive order in early July idled more than 900 road and bridge projects and hundreds more rail projects to ration the money remaining in the trust fund. Read More

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Trump, Clinton feud by tweet-storm over beauty queen

Trump, Clinton feud by tweet-storm over beauty queen

After Trump further bashed the character of Machado and Clinton on Twitter , the Clinton campaign composed some tweets of her own to set the record straight and publicly give the Republican candidate a piece of her mind. Clinton's campaign chairman, John Podesta, mocked Trump on social media Friday morning. That incident caused anguish among many Republican leaders concerned that he had nothing to gain by attacking a grieving family. Read More

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Five things to know about contract negotiations between Unifor and GM

Five things to know about contract negotiations between Unifor and GM

Flavio Volpe, president of the Automotive Parts Manufacturers' Association, said a strike would be hard for his Canadian members, but worth it if it means securing the future of GM's Oshawa plant. Unifor selected GM to begin negotiations with, as it sets a pattern for negotiating new labor contracts with the Detroit Three automakers. Pensions and wages are also on the table. Read More

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Edo Governorship Election: Ize-Iyamu Rejects Election Results

THE All Progressives Congress has called on the people of Ondo State to emulate the electorate in Edo State, who voted against the emergence of a Peoples Democratic Party-led government in the South-South state. "We will strive to deliver on all of these promises". "We do not want to rely on the messages they sent". "My message to the Edo people is to believe in Obaseki". Read More

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Pipeline protesters disrupt North Dakota oil group's meeting

According to a deed filed with officials in Morton County, North Dakota, David and Brenda Meyer sold 20 parcels of land totaling more than 6000 acres to Dakota Access this week. " If constructed, this pipeline will continue to encourage oil consumption that causes climate change, all the while harming those populations who contributed little to this crisis ". Read More

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