Sports News Updates

Wall Street flat as Apple offsets weak wage growth concerns

Friday, November 3 2017

Wall Street flat as Apple offsets weak wage growth concerns

Wall Street set to open higher on jobs data, Apple results Wall Street set to open higher on jobs data, Apple results Source : Last Updated: Fri, Nov 03, 2017 18:44 hrs By Sruthi Shankar (Reuters) - Wall Street was poised to open higher on Friday after robust October jobs data report added to upbeat investor sentiment following Apple's blowout results and strong initial demand for the company's new iPhone X. rebounded hurt employment in September. Nonfarm payrolls rose by 261,000 jobs last month, according to the report. That was the largest gain since July 2016, but was below economists' expectations for an increase of 310,000 jobs. The unemployment rate fell to 4.1 percent from 4.2 percent and average hourly earnings were largely unchanged. However, the data hinted at slowing labor market momentum as annual wage gains sharply retreated. However, the data "The headline is all noise, you are starting to adjust for the hurricanes and it's really hard to know exactly what's going to happen," said Subadra Rajappa, head of U.S. rates strategy at Societe Generale in New York. "I thought the number overall was good." At 8:42 a.m. ET, Dow e-minis were up 38 points, or 0.16 percent, with 19,723 contracts changing hands. S&P 500 e-minis were up 2.5 points, or 0.1 percent, with 110,705 contracts traded. Nasdaq 100 e-minis were up 31.75 points, or 0.51 percent, on volume of 28,755 contracts. Apple surged 3.68 percent to $174.3 in premarket trading after reporting upbeat results and strong initial demand for the new iPhone X. At current levels, Apple was on pace to become the first company to breach $900 billion in market capitalization. With more than three-fourths of the S&P 500 companies having reported, 72.7 percent have topped profit estimates, led by technology companies. President Donald Trump on Thursday tapped bank, in a largely anticipated move, signaling a continuation of current chair Janet Yellen's monetary policies. In Washington, House Republicans also disclosed their long-delayed plans for tax cuts on Thursday. However, the market reacted with skepticism, as many investors believe it is just a starting point with significant negotiations likely ahead. AIG fell 3.62

US STOCKS-Wall St flat as Apple offsets weak wage growth concerns

Friday, November 3 2017

US STOCKS-Wall St flat as Apple offsets weak wage growth concerns

US STOCKS-Wall St flat as Apple offsets weak wage growth concerns US STOCKS-Wall St flat as Apple offsets weak wage growth concerns Source : Last Updated: Fri, Nov 03, 2017 20:00 hrs * October job numbers rise by 261,000 vs est. 310,000 * Unemployment rate falls to 4.1 pct from 4.2 pct * Apple's iPhone X goes on sale worldwide * Dow down 0.02 pct, S&P off 0.06 pct, Nasdaq 0.09 pct (Updates to open) By Sruthi Shankar Nov 3 (Reuters) - U.S. stocks were flat in early trading on Friday after October payrolls data triggered concerns about weak wage growth and drop in labor force participation. However, a 3 percent surge in Apple's shares provided support after the company's blowout quarterly results and reports of strong initial demand for its new iPhone X. Apple's gains helped Dow open at a record level. The stock opened at $174, briefly breaching the $900 billion market capitalization mark. accelerated in the prior month. Nonfarm payrolls increased by 261,000 jobs last month but was below economists' expectations for a rise of 310,000. "Employment growth is indeed slowing ... This is basically healthy but certainly we're moving toward the end of the cycle," said Brad McMillan, chief investment officer at Commonwealth Financial. Unemployment rate fell to near a 17-year low of 4.1 percent, but that was because 765,000 people dropped out of the labor force. Average hourly earnings slipped by one cent, leaving them unchanged in percentage terms. That lowered the year-on-year increase to 2.4 percent, the smallest since February 2016. "(Wage growth) is worrying. There's not a lot of good news there. Lower paid workers going back to work after the hurricane would drag it down but you'd expect to see some small wage growth, not flat," said McMillan. The data, however, At 9:40 a.m. ET (1340 GMT), the Dow Jones Industrial Average was down 4.2 points, or 0.02 percent, at 23,512.06, the S&P 500 was down 1.47 points, or 0.06 percent, at 2,578.38. The Nasdaq Composite was up 6.15 points, or 0.09 percent, at 6,721.09. Five of the 11 major S&P sectors were lower, led by losses in financial index. It has been a busy week for market, with President Donald Trump on Thursday tapping bank and House Republicans disclosing their long-delayed plans for tax cuts. AIG fell 4.69 Declining issues outnumbered advancers on the NYSE by 1,480 to 1,079. On the Nasdaq, 1,320 issues fell and 971 advanced.

Pak Senators criticize military, judiciary involvement in politics

Friday, November 3 2017

Pak Senators criticize military, judiciary involvement in politics

Pak Senators criticize military, judiciary involvement in politics Pak Senators criticize military, judiciary involvement in politics 18:03 hrs [Pakistan], Nov 3 (ANI): Senators in Pakistan have criticised the alleged involvement of the military establishment and the judiciary in the country's political affairs, the Dawn has reported. Emphasing that institutional dialogues between the military establishment and the judiciary were held across the world to avert a collision between institutions, Pakistan People's Party (PPP) Senator Farhatullah Babar said as far as Pakistan is concerned, the matter was "much more complicated than just an issue of imbalance in powers of the state institutions". "The powers of the parliament, the judiciary and the civilian establishment were being shifted from Islamabad to Rawalpindi," the Dawn quoted Babar, as saying. He added that in some instances "the powers had already been handed over to Rawalpindi". Babar claimed that powers have been transferred to the people who consider themselves above the law, which is a matter of grave concern. He even expressed disappointment over his own party stepping back from its demand of bringing everyone under the ambit of accountability. Pakistan Muslim League-Nawaz (PML-N) Senator Saood Majeed claimed that the executive did not exercise its powers and also alleged that the judiciary had encroached upon the powers of the parliament. He stated that space is open for some other institution to step forward if the government fails to discharge its responsibilities. Echoing similar sentiments, PML-N Senator Jawed Abbasi alleged that the judiciary had enjoyed the powers of the executive following the campaign for the restoration of judges. He was of the view that attempts have been made in all tenures to curtail the powers of the parliament. PPP Senator Taj Haider stressed the need to identify those who were enfeebling the democracy. Asserting that the civil-military bureaucracy was attacking the parliament, the Pashtunkhwa Milli Awami Party (PkMAP ) Senator Usman Kakar alleged that the judiciary holds a bad record as "it had legalised the dictatorial governments". Balochistan National Party Senator Jehanzeb Jamaldini suggested appointing the head of judiciary and the army after taking approval from the upper house. Muttahida Qaumi Movement Senator Tahir Mashidi also alleged that the army plays an important in the politics of the country. (ANI) SEARCH talking point on sify news Latest Features

Trump calls his Twitter account deactivator 'Rogue Employee'

Friday, November 3 2017

Trump calls his Twitter account deactivator 'Rogue Employee'

Trump calls his Twitter account deactivator 'Rogue Employee' Trump calls his Twitter account deactivator 'Rogue Employee' 18:46 hrs [United States], Nov 3 (ANI): United States President Donald Trump has described the person who deactivated his personal Twitter account as a 'Rogue Employee'. "My Twitter account was taken down for 11 minutes by a rogue employee. I guess the word must finally be getting out-and having an impact," Trump said in a tweet. Twitter blamed "human error" on behalf of an unnamed employee after United States President Donald Trump's personal Twitter account disappeared for 11 minutes on Thursday evening. A tweet issued by Twitter's Government and Elections team said that the account was down for 11 minutes due to human error by a Twitter employee. "Earlier today @realdonaldtrump's account was inadvertently deactivated due to human error by a Twitter employee. The account was down for 11 minutes, and has since been restored. We are continuing to investigate and are taking steps to prevent this from happening again," the post read. Trump's personal Twitter account had disappeared for a few minutes on Thursday evening. Those trying to access @realDonaldTrump on Twitter just before 7 p.m. local time came across a "Sorry, that page doesn't exist!" message. However, after around the account page reappeared after few minutes and seemed to be functioning as normal. (ANI) SEARCH talking point on sify news Latest Features

Islamabad upset over anti-Pakistan slogans on London cabs

Friday, November 3 2017

Islamabad upset over anti-Pakistan slogans on London cabs

Islamabad upset over anti-Pakistan slogans on London cabs Islamabad upset over anti-Pakistan slogans on London cabs 19:19 hrs Islamabad, Nov 3 (IANS) Pakistan has conveyed its "serious concerns" over the display of anti-Pakistan slogans on taxis plying in London. Foreign Secretary Tehmina Janjua summoned British High Commissioner Thomas Drew on Friday to convey the concerns over the slogans seen on some cabs in London, attacking Pakistan's territorial integrity and sovereignty. According to the Foreign Office, the High Commissioner was told that Pakistan objected to the propaganda. The issue is also being raised with the Foreign and Commonwealth Office by the Pakistan High Commissioner in London. "Pakistan is aware of the intentions of such sinister and malicious campaigns, which should not be allowed on the soil of a friendly country," Janjua said in a statement. Pakistani social media users in London had come across the cabs and shared their pictures. In September, Pakistan had summoned the Swiss ambassador over the public display of anti-Pakistan posters in Switzerland. --IANS

Moscow: Fire breaks out at Pushkin Museum, evacuation in progress

Friday, November 3 2017

Moscow: Fire breaks out at Pushkin Museum, evacuation in progress

Moscow: Fire breaks out at Pushkin Museum, evacuation in progress Moscow: Fire breaks out at Pushkin Museum, evacuation in progress 19:01 hrs [Russia], Nov 03 (ANI): One of the buildings at the Pushkin State Museum of Fine Arts in central Moscow has caught fire. According to the emergency services, the two-storey building on fire is next to the museum's main building. "Building N. 10 on Volkhonka Street housing the private collections branch of the Pushkin State Museum of Fine Arts has caught fire. Clouds of thick black smoke are rising," source said, as quoted by TASS. Evacuation is in progress. There have been no immediate reports of casualties. (ANI) SEARCH talking point on sify news Latest Features

RBI asks large borrowers to get identifier code from banks

Friday, November 3 2017

RBI asks large borrowers to get identifier code from banks

RBI asks large borrowers to get identifier code from banks RBI asks large borrowers to get identifier code from banks 07:26 hrs Mumbai : In a move to improve risk management post the global financial crisis, the RBI on Thursday said it has decided that corporate borrowers having exposure of Rs 50 crore and above will have to mandatorily obtain the 20-digit Legal Entity Identifier (LEI) from banks. "It has been decided that the banks shall advise their existing large corporate borrowers having total exposures of Rs 50 crore and above to obtain LEI," an RBI notification said. The Reserve Bank also unveiled a schedule for implementing the LEI, saying borrowers with fund and non-fund exposure of Rs 1,000 crore and above will have to get the unique code by March 31, 2018. Borrowers having exposure between Rs 500 crore and Rs 1,000 crore have to get the LEI code by June 30, while those having between Rs 100 crore and Rs 500 crore by March 31, 2019. Those with bank credit between Rs 50 crore and Rs 100 crore have time to obtain the LEI provision by December 2019. A separate roadmap for borrowers having exposure between Rs 5 crore and up to Rs 50 crore would be issued in due course, the central bank said. Those who do not obtain the LEI as "per the schedule are not to be granted renewal/enhancement of credit facilities", it added. The LEI is a 20-digit unique code to identify parties to financial transactions worldwide and helps improve the quality and accuracy of financial data systems for better risk management. SEARCH

RBI insolvency move to resolve NPAs not correct: Reddy

Friday, November 3 2017

RBI insolvency move to resolve NPAs not correct: Reddy

RBI insolvency move to resolve NPAs not correct: Reddy RBI insolvency move to resolve NPAs not correct: Reddy 16:29 hrs New Delhi: The Reserve Bank of India's (RBI) move to direct banks to take the major debt defaulters through the route of insolvency in order to tackle non-performing assets (NPAs) was principally "not correct", former RBI Governor Y.V. Reddy said on Friday. "It is essentially a problem of the public sector banks, which are owned by the sovereign. In a way asking RBI to take the initiative in solving the problem (of NPAs) is extraordinary," Reddy said here at the 20th JRD Tata Memorial Lecture organised by the Associated Chambers of Commerce and Industry of India (Assocham). "In principle, I agree it is not correct. I didn't say it is not the best option. But the regulator's measure is special." Reddy said banking was a business where one needed to take risks. "Essentially, it is a macroeconomic, banking and public sector problem. "If it (NPAs) is fixed quickly, the better," he added. Reddy also said that if there was a difference in the public and private sector banks' performance, then it should be attributed to its governance. "Overall, the problem in public sector banking is a structural problem," he added. SEARCH

Bhopal gangrape: NCW urges for strict action against accused

Friday, November 3 2017

Bhopal gangrape: NCW urges for strict action against accused

Bhopal gangrape: NCW urges for strict action against accused Bhopal gangrape: NCW urges for strict action against accused Source : Last 18:47 hrs [India], November 3 (ANI): The National Commission for Women (NCW) on Friday wrote to Madhya Pradesh Director General of Police (DGP) R K Shukla calling for strict action against the culprits of Bhopal gangrape. The Commission also asked the DGP to initiate stringent steps against the police officials who refused to file complaint. The NCW requested the police to apprise it about details of the case through fax or email. Meanwhile, three of the four accused in the case were arrested today. Speaking to media, Bhopal Inspector General of Police (IGP Law and Order) Makrand Deuskar said, "Three accused have been arrested and presented before the court. The fourth accused is absconding and search is on." Earlier in the day, taking cognisance into the gangrape of a 19-year-old civil services aspirant, Madhya Pradesh Chief Minister Shivraj Singh Chouhan directed a fast-track trial into the case. Chouhan also directed stringent action against the negligent policemen. The incident took place on Thursday when the girl, who was returning home after attending her coaching class, was abducted by four men and allegedly gangraped. Government Railway Police (GRP) Superintendent of Police, Anita Malviya informed that the culprits have been booked under sections 376 D (gang rape) and 34 (acts done by several persons in furtherance of common intention) of the Indian Penal Code at the GRP Police Station, on the basis of victim's complaint. (ANI)

Illegal constructions and unauthorised colonies: Delhi HC issues notice to civic authorities

Friday, November 3 2017

Illegal constructions and unauthorised colonies: Delhi HC issues notice to civic authorities

Illegal constructions and unauthorised colonies: Delhi HC issues notice to civic authorities Illegal constructions and unauthorised colonies: Delhi HC issues notice to civic authorities Source : Last 19:00 hrs [India], Nov 3 (ANI): The Delhi High Court on Friday issued notice to all Municipal Corporation of Delhi (MCDs), New Delhi Municipal Council (NDMC), Delhi Development Authority (DDA) and GNCT in connection with illegal constructions and unauthorised colonies. The court has directed all the authorities to submit status report in 10 days. The court will hear the matter next on November 15. A PIL on October 24 was filed in the court seeking directions to the local authorities not to regularise unauthorised colonies till proper infrastructure is developed in such areas and the buildings conform to safety norms. Asserting that there are over 1,700 illegal colonies in Delhi which have come up with the alleged active connivance of the officials of the local authorities and the Delhi government, the petition has sought an immediate stoppage of such unauthorised constructions. (ANI)

Sambit Patra accuses BJD of converting SP, DC office into party one

Friday, November 3 2017

Sambit Patra accuses BJD of converting SP, DC office into party one

Sambit Patra accuses BJD of converting SP, DC office into party one Sambit Patra accuses BJD of converting SP, DC office into party one Source : Last 19:04 hrs [India], November 3 (ANI): Ahead of Bijapur bypoll in Odisha, Bharatiya Janata Party (BJP) spokesperson Sambit Patra along with a delegation of seven leaders from the party's state unit met the Election Commission on Friday. Speaking to media after the meeting, Patra said, "A delegation of seven leaders from BJP Odisha met the Election Commission to discuss on Bijapur bypoll." "This is the number two constituency of Odisha and unfortunately few months back the sitting MLA of the constituency died," he added. Accusing the ruling Biju Janata Dal (BJD) in Odisha of converting offices of Superintendent of Police and District Collector into party one, Patra said, "BJP demands the transfer of both SP and DC for acting as BJP agents instead of IAS officers. (ANI)

Doctors protest Karnataka Private Medical Establishment Act in Kalaburagi

Friday, November 3 2017

Doctors protest Karnataka Private Medical Establishment Act in Kalaburagi

Doctors protest Karnataka Private Medical Establishment Act in Kalaburagi Doctors protest Karnataka Private Medical Establishment Act in Kalaburagi Source : Last 19:04 hrs A group of doctors from Karnataka were protesting the Karnataka Private Medical Establishment Act 2017 in front of District Commissioner office in Kalaburagi on Friday. The doctors were protesting against the proposed provision that includes levying fines, imprisonment of doctors and fixing charges for specific procedures among other clauses in the Karnataka Private Medical Establishments (amendment) Bill 2017 that will be tabled soon. As per the Karnataka Indian Medical Association (IMA), around 50,000 doctors from private hospitals, clinics and other medical establishments from the state will resume their duties on Saturday after 8 am. While some private doctors have opposed the amendment by going on strike, numerous activists and government medical associations have extended support to the Bill. A doctor in support of the amendment told ANI, "Across Karnataka today all private hospitals are on strike as the doctors are not treating the patients. The reason they are on strike is to oppose the state governments' bill 2017." "This legislative is about regulating the private medical hospitals and not the doctors. Therefore, we urge the government to bring the amendment in the November session and request the Opposition to support it," added the doctor. (ANI)