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RBI can't always bail out bank treasury, says deputy governor Viral Acharya
The comment comes at a time when banks have been lobbying with the central bank to allow spreading their treasury losses over a few quarters
Report that Trump will announce end of Nafta pact adds to stock-market jitters
U.S. stocks, struggling to maintain record-setting altitude in 2018, took a firmer slide Wednesday afternoon amid a report that Canadian officials expect that President Donald Trump will end the North American Free Trade Agreement, according to a Reuters. The Dow Jones Industrial Average was off about 41 points, or 0.2%, at 25,344, the S&P 500 index was off 0.3% at 2,743, while the Nasdaq Composite Index retreated 0.4% at 7,134. The main benchmarks had been treading water, trying to recover from an earlier slide, before reports about Nafta surfaced. The U.S. dollar also strengthened against Canada's loonie and the Mexico's peso . Discussion to redraft the 23-year old trade pact between Mexico, Canada and the U.S. has been thorny. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
H&M posed black boy in 'monkey' sweatshirt
Social media blew up over H&M's photo of a black boy wearing a hoodie reading “Coolest Monkey In The Jungle.”
Why Unilever Isn't Spreading Its Bets
The Anglo-Dutch conglomerate will sell its spreads business to private equity firm KKR. It's a favorable deal for shareholders.
'Rope. Tree. Journalist': Walmart yanks lynching T-shirt made by controversy-steeped Teespring
Teespring also made shirts reading "Hitler Did Nothing Wrong" and "Eat Sleep Rape Repeat."
Facebook will tell you if you got duped by fake Russian accounts
New Facebook tool will show you if you liked or followed fake Russian accounts spreading disinformation during the election on Facebook and Instagram.
NYSE's breadth and volume data suggests investors aren't scrambling to buy stocks
Despite the big, broad rally in the major stock market indexes, breadth readings for the NYSE suggest investors aren't so worried about missing the boat to buy stocks. There are 1,960 stock gaining ground on the NYSE, compared with 925 declining stocks and 146 stock that are unchanged, according to FactSet, which means 64.7% of the stocks traded are rising. But volume of advancing stocks represents just 59.2% of the total volume. That has pushed the NYSE's Arms Index up to 1.434. The Arms Index is a volume-weighted breadth measure, which tends to rise above the equilibrium 1.000 rating when the market falls, as the proportion of volume flowing into declining stocks tends to be higher than the volume flowing into advancing stocks. Basically, Tuesday's Arms reading suggests investors are more worried about missing the opportunity to sell the stocks that are declining than they are about buying stocks that are rising. Meanwhile, the Dow Jones Industrial Average is rallying 165 points, or 0.7% and the S&P 500 is gaining 0.7%, both toward record closes.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Cost of diabetes epidemic reaches $850 billion a year
The number of people living with diabetes has tripled since 2000, pushing the global cost of the disease to $850 billion a year, medical experts said on Tuesday. The vast majority of those affected have type 2 diabetes, which is linked to obesity and lack of exercise, and the epidemic is spreading particularly fast in poorer countries as people adopt Western diets and urban lifestyles.
Wall Street's fear index jumps the most in 2 months as stocks retreat
A popular measure of volatility spiked the most in two months on Thursday as U.S. equity benchmarks retreated following news that a Senate tax bill proposes a delay in corporate tax cuts until 2019. The CBOE Volatility Index was up more than 16%, marking its sharpest climb since Sept. 5, the last time the Dow Jones Industrial Average and the S&P 500 index experienced a pronounced slide. The so-called VIX, which tends to climb when stocks fall, measures options bets on the S&P 500 index 30-days in the future and is viewed as a gauge of expectations for a market fall because prices tend to fall faster than they rise. The measure of implied volatility has been mostly muted, with trades far below its historic average around 19. Still, Thursday's spike brings it to a reading of 11.36, considered relatively subdued. Most recently, the Dow was down more than 200 points at 23,354, the S&P 500 was down 0.9% at 2,571, while the Nasdaq Composite Index slumped 1.2% at 6,710. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
'Iron man' flight sets first world record
Richard Browning crossed a lake in Reading at more than 30mph.
BRIEF-Reading International Q3 EPS $0.07
Reading International Inc(RDI) - * READING INTERNATIONAL ANNOUNCES THIRD QUARTER 2017 RESULTS. * Q3 EARNINGS PER SHARE $0.07. * Q3 REVENUE $66.1 MILLION Source text for Eikon: Further company coverage:
UPDATE 1-Venezuela Amuay refinery tank spills, cleanup started -PDVSA
MARACAY, Venezuela, Oct 31 (Reuters) - Venezuela's state oil
company PDVSA said on Tuesday that a storage tank at its Amuay
refinery had overflown because of heavy rains and that a cleanup
had begun to avoid the stain spreading further in the
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