Sports News Updates

UPDATE 2-WhatsApp messenger hit by temporary outage; Facebook investigating

Friday, November 3 2017

UPDATE 2-WhatsApp messenger hit by temporary outage; Facebook investigating

UPDATE 2-WhatsApp messenger hit by temporary outage; Facebook investigating UPDATE 2-WhatsApp messenger hit by temporary outage; Facebook investigating Fri, Nov 03, 2017 16:00 hrs (Adds context, background) * WhatsApp users complain of outage in India, other countries * Facebook says it is investigating the reason for the outage * Service has begun to function again according to user reports By Devidutta Tripathy and Jeremy Wagstaff MUMBAI/SINGAPORE, Nov 3 (Reuters) - Facebook Inc's WhatsApp messenger suffered a temporary outage in India and many other countries, according to reports from multiple users on Facebook and Twitter on Friday. Users in countries ranging from Brazil and Russia to Vietnam and Myanmar reported on social media that WhatsApp was down in their countries. The extent of the outage and the reasons for it were not immediately known. 'Whatsappdown' was the top trending item on Twitter in India, which is WhatsApp's biggest market with about 200 million of its billion-plus users. It was also a top trending item on Twitter in Pakistan, Britain, Germany and many other countries. Users reported WhatsApp, the world's most popular messaging service, had begun to gradually function again about 30 minutes after initial complaints of an outage appeared on social media. Users in Malaysia and Singapore also complained of WhatsApp being down in those countries. A spokeswoman for Facebook in Singapore said the company was still investigating the matter. Independent websites monitoring outages of popular social media services via online conversations and Twitter messages report regular outages for WhatsApp, often one every few weeks, but these are typically brief and confined to certain geographies. WhatsApp has faced similar widespread outages this year, including for several hours in May. WhatsApp is used by more than 1.2 billion people around the world and is a key tool for communications and commerce in many countries. The service was acquired by Facebook in 2014 for $19 billion. (Writing by Euan Rocha and Devidutta Tripathy; Editing by Christopher Cushing) SEARCH

You're hired! France's Macron targets apprentices in labour market shake-up

Friday, November 3 2017

You're hired! France's Macron targets apprentices in labour market shake-up

You're hired! France's Macron targets apprentices in labour market shake-up You're hired! France's Macron targets apprentices in labour market shake-up Fri, Nov 03, 2017 16:23 hrs By Caroline Pailliez SAVIGNY-LE-TEMPLE, France (Reuters) - In a warehouse outside Paris, university drop-out Celine Galland stacks palettes and fills out an inventory sheet, part of a logistics apprenticeship she hopes will put a decade of short-term contracts and unemployment behind her. France's jobless rate has sat stubbornly above 9 percent for nearly a decade. President Emmanuel Macron blames a notoriously rigid labour market and has two ideas to change it: more vocational training for school leavers and making it easier for workers to retrain and change jobs. On Nov. 10, his government will open talks with unions, business leaders and the regions on how to reform the apprentice system, cutting through its bureaucracy and financing. The former investment banker promises an extra 15 billion euros ($17 billion) for professional training over five years, but beyond the money he will need to counter public prejudice if he is to reverse a slide in apprentice numbers. University did not sit well with Galland, who quit after several weeks. Since then the 31-year-old has worked at menial jobs in McDonald's and local supermarkets. "What I love about this is the variety of tasks," she enthused last week at an AFTRAL logistics and transport training centre in Savigny-le-Temple, east of Paris. "There's no boredom in this job." France's unemployment rate is more than double Britain's and several points higher than Germany's. Particularly troubling for Macron's centrist government is youth unemployment - nearly one in four 15-24 year olds are without a job, according to official data, a major drag on long-term growth. Macron has already defied union-led street protests to loosen labour laws, necessary he says to make hiring and firing workers cheaper and easier for small companies. Leftist opponents and hardline trade unions accuse him of abandoning France's long-cherished ideals of an egalitarian society to side instead with corporate interests. But the 39-year-old president is standing firm. He promises greater support for workers through an overhaul of training and a revamped welfare system, pointing to the Nordic model of flexibility in the labour market underpinned by security through the social welfare system. He will, though, need to overturn a widely-held perception that apprenticeships are a poor alternative to school and university diplomas, which France obsesses over. "We have to put an end to French defeatism, to people saying that apprenticeships are for those who have failed," Macron said this month while visiting a college. DECLINE IN APPRENTICESHIPS France's existing apprenticeship system involves the signing of a contract between the apprentice, the employer and the training institution. Students earn a percentage of the minimum wage and gain workplace experience, while companies can source talent and receive welfare payment waivers. France lags behind numerous European peers. OECD data from 2016 shows 4.9 percent of French youths aged between 16 and 29 completed apprenticeships in 2012, compared with 8.6 percent in Denmark and 15.1 percent in Germany. As a recovery in the euro zone's second biggest economy gathers strength, employers complain they cannot fill vacancies despite the near double-digit jobless rate because of a skills gap - a mismatch Macron says apprenticeships can help fix. "Our figures have shown a clear trend for several years: 80- 95 percent of our apprentices are in jobs within six months of finishing," said Pierre de Surone, director of the Savigny-Le-Temple training centre. "Apprenticeship works!" While the number of higher education apprentices is rising, the number of youngsters gaining college-level apprenticeship diplomas fell to 260,000 in 2016 from 335,000 a decade ago, Education Ministry data shows. That presents a challenge for Macron. Data published by Cereq, a French government think-tank, shows apprenticeships boost the employability of individuals with low academic qualifications more than for those at higher education grade. "We don't value practical jobs, technical jobs. If we don't give recognition to these jobs then we're in trouble," said Gabriel Schumacher, director at a local distribution company. (Writing by Richard Lough, Editing by William Maclean) SEARCH

Analysis: Worried about Russia's march on grain markets? It could be worse

Friday, November 3 2017

Analysis: Worried about Russia's march on grain markets? It could be worse

Analysis: Worried about Russia's march on grain markets? It could be worse Analysis: Worried about Russia's march on grain markets? It could be worse Fri, Nov 03, 2017 16:44 hrs By Polina Devitt MOSCOW (Reuters) - Russian grain is flowing around the world in a way not seen since the last years of the Tsarist empire a century ago but the country's export expansion looks set to hit a wall because of a lack of infrastructure. While Russia has increased its capacity to export grain ninefold over the last 15 years even that impressive increase will not be enough to keep pace with its 2017-18 grain harvest which is expected to be a record 133 million tonnes. Out of that crop, 44.5 million tonnes are earmarked for export, up from 37.7 million a year earlier, according to SovEcon consultancy. Analysts and officials say that's about as much as the country's infrastructure can cope with for now. "If it was not the issue of infrastructure we would be able to ship over 50-55 million tonnes," said Andrey Sizov, managing director of SovEcon, one of leading agriculture consultancies in Moscow. Still, 45 million tonnes of wheat, maize, barley and other grains is already a marked improvement since Russia resumed grain exports in earnest in the early years of the 21st century. In 2000-01, for example, Russia only exported about 1.3 million tonnes of grain, according to USDA data. The surge in Russian exports has contributed to a global grain glut. The world's wheat market is set for a fifth surplus in a row in 2017-18 with stocks climbing to a record 268 million tonnes, according to U.S. Department of Agriculture data. World wheat prices, meanwhile, have steadily declined. The Chicago Board of Trade's wheat futures contract hit $9.16 a bushel in November 2012. It is now trading at $4.21 and fell below $4 in September last year for the first time since 2006. Russia is also set to overtake the United States as the world's biggest wheat exporter this year - regaining the top spot it last held before World War One - and cement its leading position over other major wheat exporters such as the European Union, Canada, Australia and Ukraine. In a search for new markets for its grain, Russia has been building up exports to Asia countries such as Bangladesh and Indonesia, muscling in on markets traditionally supplied by Australia. Russia has also boosted grain exports to Morocco and several other markets traditionally supplied by France, taking advantage of a poor French crop last year. TOUGH SITUATION But fears Russia's exports will keep on rising look overdone, at least for the coming few years, given the practical constraints preventing it shipping even more of its rapidly increasing grain stocks, farmers and analysts said. "There will be tough situation with port and transport infrastructure capacity this year, especially in the first half of the season," said Dmitry Rylko, head of the Institute for Agricultural Market Studies (IKAR) consultancy. In the Soviet era, the country was mainly an importer of grain for domestic consumption and to supply its large dairy and meat industries - and much of the grain arrived at ports in what are now independent Baltic states. But the collapse of the communist state devastated Russia's dairy and meat industries in the 1990s and freed up surplus grain that started to be exported after the turn of the century. "In 2002, when we were only starting to export grain, the transhipment capacity in Russia was 5 million tonnes per year," said Agriculture Minister Alexander Tkachev. "It is currently at 45 million tonnes, excluding the capacity which is currently being built or planned," he said. To boost its capacity to ship grain after losing access to Baltic ports, Russia embarked on projects to build new terminals in the Black, Caspian and Azov seas and modernise grain terminals such as the Novorossiysk Grain Plant. While more projects to boost Russia's export capacity are being built or discussed none is set to be completed before 2020, meaning the country is more likely to add to its grain stocks than flood the global market. Forecasts for Russia's 2017-18 grain crop have been steadily upgraded in recent months but officials and analysts have left export estimates largely unchanged at about 45 million. Arkady Zlochevsky, head of Grain Union, a non-state farmers' lobby group, said it would be good for Russia to export 55 million tonnes this season but it will only ship 45 million. "Our supplies are limited with infrastructure and other difficulties," Zlochevsky told reporters last month. UKRAINE COMPLICATIONS Besides infrastructure constraints at home, Russia's ability to export grain has also been hampered by the conflict in Ukraine. It was common practice before Moscow annexed the Crimean peninsula in 2014 for Russian traders to use Ukraine's Black Sea ports, which can ship 52 million tonnes of grain. But those ports are no longer available to Russian traders. Ports such at Sevastopol and Kerch in Crimea have some capacity to export Russian grain but shipments have also been complicated by legal issues following the annexation. Recognising its export limitations, Russia is upgrading some terminals and has plans to build one in the Black Sea port of Taman, as well as two more in the east near China. Investors are also considering construction of a grain terminal in Russia's Baltic Sea port of Ust-Luga. Agriculture Minister Tkachev has said the planned terminals near China will add a total of 11 million tonnes to Russia's grain export capacity by about 2020, though some analysts say the infrastructure needed to feed these terminals means it could be longer before they are up and running. IKAR's Rylko said it would be up to three years before all the projects improve the export situation significantly. (Reporting by Polina Devitt; editing by Nigel Hunt and David Clarke) SEARCH

Indian shares rise to record closing highs; BSE posts 5th weekly gain

Friday, November 3 2017

Indian shares rise to record closing highs; BSE posts 5th weekly gain

Indian shares rise to record closing highs; BSE posts 5th weekly gain Indian shares rise to record closing highs; BSE posts 5th weekly gain 16:00 hrs Nov 3 (Reuters) - Indian shares rose to record closing highs on Friday, with the benchmark BSE index posting its fifth consecutive weekly gain, as lenders and blue chips extended recent gains on hopes about an improving economy and better corporate earnings. The BSE index closed up 0.33 percent at 33,685.56, posting a 1.6 percent weekly gain. The broader NSE index ended 0.28 percent higher at 10,452.50, rising 1.3 percent for the week to mark its fourth weekly gain in five. For midday report click (Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair) SEARCH

SE Asia Stocks-Philippines retreats into red from record high; Vietnam jumps

Friday, November 3 2017

SE Asia Stocks-Philippines retreats into red from record high; Vietnam jumps

SE Asia Stocks-Philippines retreats into red from record high; Vietnam jumps SE Asia Stocks-Philippines retreats into red from record high; Vietnam jumps 16:00 hrs By Devika Syamnath Nov 3 (Reuters) - Philippine shares retreated from a record high scaled earlier on Friday to close 1.6 percent lower as investors locked in profits from three straight sessions of gains, while Vietnam reversed earlier losses to close higher. Industrials and financial stocks led the losses on the Philippine index, reducing its weekly gain to nearly 1 percent. Conglomerate JG Summit dropped 3.8 percent while Bank of the Philippine Islands lost 4.2 percent. "During the biggest part of the trading session investors were quite optimistic anticipating better-than-expected third-quarter results for some of the big companies," said Lexter Azurin, an analyst with Manila-based AB Capital Securities. Companies such as Ayala Corp, SM Investments and JG Summit are scheduled to report quarterly results later this month. "But I guess some investors were seeing mixed reactions given that current valuations (of the index movers) are quite rich at this point so we're seeing a lot of investors starting to take profits," said Azurin. Vietnamese shares pared earlier losses to close 1.3 percent higher. China and Vietnam reached an agreement on Friday to diplomatically manage their dispute in the South China Sea. The countries have long been at loggerheads over China's claim to the majority of the regional sea. Industrials and financial stocks accounted for the gains on the index, with builder FLC Faros Construction and Vietcombank rising 6.9 percent and 2 percent, respectively. Singapore ended marginally higher, with gains in telecom stocks offsetting losses in consumer stocks. "Traders are being more cautious today, heading into the weekend... the STI may turn range-bound these few days," said Liu Jinshu, director of research at NRA Capital. Telco Singtel was the top gainer on the city-state's index while Thai Beverage lost 1 percent and led the decliners. The index has dropped 0.1 percent this week, its first weekly loss in five. Indonesian shares also closed marginally higher, with the index gaining 1.1 percent on the week, its best in twelve. Malaysian shares ended flat, resulting in the index's fifth weekly drop in seven. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Pct Move close Singapore 3382.31 3380.5 0.05 Bangkok 1701.47 1701.93 -0.03 Manila 8376.13 8516.02 -1.64 Jakarta 6039.541 6031.107 0.14 Kuala Lumpur 1740.93 1741.05 -0.01 Ho Chi Minh 843.73 833.09 1.28 Change on year Market Current End 2016 Pct Move Singapore 3382.31 2880.76 17.41 Bangkok 1701.47 1542.94 10.27 Manila 8376.13 6840.64 22.45 Jakarta 6039.541 5296.711 14.02 Kuala Lumpur 1740.93 1641.73 6.04 Ho Chi Minh 843.73 664.87 26.90 (Reporting by Devika Syamnath in Bengaluru; Editing by Amrutha Gayathri) SEARCH

Shares rise to record closing highs; Sensex posts 5th weekly gain

Friday, November 3 2017

Shares rise to record closing highs; Sensex posts 5th weekly gain

Shares rise to record closing highs; Sensex posts 5th weekly gain Shares rise to record closing highs; Sensex posts 5th weekly gain 16:28 hrs Mumbai: Indian shares rose to record closing highs on Friday, with the benchmark BSE index posting its fifth consecutive weekly gain, as lenders and blue chips extended recent gains on hopes about an improving economy and better corporate earnings. The Sensex closed up 0.33 percent at 33,685.56, posting a 1.6 percent weekly gain. The Nifty ended 0.28 percent higher at 10,452.50, rising 1.3 percent for the week to mark its fourth weekly gain in five. SEARCH

US STOCKS-Futures rise with Apple ahead of jobs data

Friday, November 3 2017

US STOCKS-Futures rise with Apple ahead of jobs data

US STOCKS-Futures rise with Apple ahead of jobs data US STOCKS-Futures rise with Apple ahead of jobs data 17:00 hrs * Futures up :Dow 48 pts, S&P 2.5 pts, Nasdaq 23.5 pts By Sruthi Shankar Nov 3 (Reuters) - Apple's upbeat results and strong initial demand for the new iPhone X put Wall Street on track for a strong opening on Friday, while investors watched out for October jobs data for clues on the strength of the labor market. * Apple shares surged 3 percent in premarket trading after the world's largest company by market capitalization gave a robust sales forecast for the year-end holiday shopping season. * U.S. job growth likely rebounded sharply in October after hurricane-related disruptions depressed employment in September, in a move that could seal the case for an interest rate increase from the Federal Reserve in December even as wage growth probably slowed. * Traders now see a 98.2 percent chance of an interest rate hike in December, according to CME Group's FedWatch tool. * The Labor Department releases nonfarm payrolls numbers at 8:30 a.m. ET (1230 GMT). It is likely to rebound by 310,000 jobs in October after a 33,000-jobs fall in September. * The unemployment rate is forecast unchanged at 4.2 percent and average hourly earnings rising 0.2 percent after jumping 0.5 percent in September. * President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, signaling a continuation of current Chair Janet Yellen's cautious monetary policies. * In Washington, House Republicans also finally disclosed their long-delayed plans for tax cuts that Trump has promised, setting off a frantic race in Congress to give him his first major legislative victory. * Starbucks slipped 3.4 percent after the company trimmed its profit forecast and posted disappointing sales, squeezed by competition. * AIG fell 4.3 percent after the insurer posted a bigger loss on huge catastrophe losses and said it set aside more money in reserves to meet losses related to prior-year accident claims. Futures snapshot at 6:52 a.m. ET: * Dow e-minis were up 48 points, or 0.2 percent, with 14,548 contracts changing hands. * S&P 500 e-minis were up 2.5 points, or 0.1 percent, with 67,881 contracts traded. * Nasdaq 100 e-minis were up 23.5 points, or 0.38 percent, on volume of 17,135 contracts. (Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila) SEARCH

Closing Bell: Banking powers to benchmark's 0.33 percent zoom

Friday, November 3 2017

Closing Bell: Banking powers to benchmark's 0.33 percent zoom

Closing Bell: Banking powers to benchmark's 0.33 percent zoom Closing Bell: Banking powers to benchmark's 0.33 percent zoom Source : SIFY 15:58 hrs Stocks of SBI (up by 3.52%), and LT (2.89%) contributed the most to the Sensex's 0.33% or 112.34 point intra-day gain. The Sensex ended Friday's session on 33685.56, after some buying momentum in auto and banking scrips.Scrips of SBI were up by 10 points. There remained selling pressure on scrips such as Bharti Airtel and pharma stocks, but Banking scrips helped manage momentum,Pharma stocks such as Lupin (down by 1.40%), Sun Pharma (1.99%), were relegated to the bottom, which also read names such as Powergrid (1.95%). Among auto scrips, there was mixed response with Tata Motors (up by 2.81%) contributing the third-best to the Sensex, while others such as Hero Motoco (down by 1.23%), and Bajaj Auto (down by 0.05%), bleeding in the red. On the broader side, the gain small cap stocks fared well, with the BSE SmallCap index chipping in with a robust 0.49% gain. Next50 was trading in the negative with a 0.04% loss, and BSE midcap was down by 12.24 points by the end of trading hours. The top turnovers in the session included the likes of Hathway (up by nearly 20%), Den Networks (10.27%), and Steel Authority of India Limited (8.64%). On the NSE, there was a marginal gain on the benchmark, Nifty50. It ended with a 28.70 point or 0.28% gain to close at 10452.50. The Nifty SML100 free broad market index was up by 0.36%, while among sectoral gainers, PSU bank was up by 3.20% in intra-day trading. On the banking front, both Bank of India and Indian Bank recorded a 52 week high, with an over 4% intra-day trading gain. Pharma stocks had a disappointing outing on the NSE with the sectoral index bleeding a loss of 1.06%. Only Glaxo (1.71%), Dr. Reddy (0.65%), and Cipla (0.63%) could post any worthy intra-day gains. Glenmark bled the most, while Aurobindo Pharma (down by 0.15%) rallied closer to its 52 week high of 804.40 set on 10 November 2016. SEARCH

BRIEF-United Bank of India cuts 1-year MCLR to 8.60 pct from 8.75 pct from Nov 6‍​

Friday, November 3 2017

BRIEF-United Bank of India cuts 1-year MCLR to 8.60 pct from 8.75 pct from Nov 6‍​

BRIEF-United Bank of India cuts 1-year MCLR to 8.60 pct from 8.75 pct from Nov 6‍​ BRIEF-United Bank of India cuts 1-year MCLR to 8.60 pct from 8.75 pct from Nov 6‍​ Source : Last 11:59 hrs Nov 3 (Reuters) - United Bank Of India * Says cuts 1-year MCLR to 8.60 percent from 8.75 percent from Nov 6‍​ Source text: (http://bit.ly/2xTDPBg) Further company coverage: SEARCH

BRIEF-India's Lakshmi Electrical Control Systems Sept-qtr profit falls

Friday, November 3 2017

BRIEF-India's Lakshmi Electrical Control Systems Sept-qtr profit falls

BRIEF-India's Lakshmi Electrical Control Systems Sept-qtr profit falls BRIEF-India's Lakshmi Electrical Control Systems Sept-qtr profit falls Source : Last 11:59 hrs Nov 3 (Reuters) - Lakshmi Electrical Control Systems Ltd : * Sept quarter profit 27.1 million rupees versus 33.8 million rupees year ago * Sept quarter revenue from operations 429.5 million rupees versus 451.2 million rupees year ago Source text: http://bit.ly/2h7XDht Further company coverage: SEARCH

BRIEF-Royal Orchid Hotels partners with Bespoke Hotels​

Friday, November 3 2017

BRIEF-Royal Orchid Hotels partners with Bespoke Hotels​

BRIEF-Royal Orchid Hotels partners with Bespoke Hotels​ BRIEF-Royal Orchid Hotels partners with Bespoke Hotels​ Source : Last 12:20 hrs Nov 3 (Reuters) - Royal Orchid Hotels Ltd: * Rroyal Orchid Hotels announces partnership with UK's Bespoke Hotels​ Source text: http://bit.ly/2gYCiTK Further company coverage: SEARCH

BRIEF-Indian power plant unit blast death toll rises to 32-NTPC chair

Friday, November 3 2017

BRIEF-Indian power plant unit blast death toll rises to 32-NTPC chair

BRIEF-Indian power plant unit blast death toll rises to 32-NTPC chair BRIEF-Indian power plant unit blast death toll rises to 32-NTPC chair Source : Last 12:20 hrs Nov 3 (Reuters) - India's NTPC chairman says: * Death toll from a blast at a coal-fired unit in a power plant in northern India rises to 32. * Blast-hit unit in Northern Indian power plant was manufactured by BHEL * Source text for Eikon: Further company coverage: (Reporting By Sudarshan Varadhan) SEARCH