Gold, silver gain on more bets the Fed will take it slow on raising rates
Gold futures advanced Monday, with analysts continuing to credit a U.S. jobs report that appeared to lower the chances for an interest-rate increase at the Federal Reserve’s meeting later this month. December gold GCZ6, +0.29% ..>> view originalEU seeks to coordinate consumer action against Volkswagen over Dieselgate
BRUSSELS/FRANKFURT The European Commission will meet consumer groups this week to make sure they are doing enough to seek compensation for European drivers affected by Volkswagen's (VOWG_p.DE) cheating of diesel emissions tests.Consumer Commissioner Vera Jourova told a news conference on Monday the "Dieselgate" scandal was a pan-European Union challenge and the Commission was assessing whether there had been breaches of two sets of rules that apply across the bloc.They are the Consumer Sales a..>> view originalSterling Jumps as UK Services Data Allays Brexit Fears
LONDON—The U.K.’s powerhouse service sector bounced back to growth in August following a July slump, a survey showed Monday, a fresh sign the British economy appears to be regaining its footing following the country’s surprise decision to leave the European Union. It comes on the heels of a string of data points, including on manufacturing and consumer confidence, suggesting that there was a recovery in August following a dip in July. But many economists cautioned that it is too early to say wh..>> view originalWomen, Southerners Most Likely to Earn Minimum Wage
For more than 120 years, American workers have enjoyed a long Labor Day weekend to ring in the month of September. But not all labor is created equal, and more than a century after President Grover Cleveland officially acknowledged the first Monday of this month as a federal holiday, there's still a sizable gulf between the average earnings of demographic groups across the country. The Bureau of Labor Statistics in August estimated U.S. workers' average hourly earnings clocked in at $25.73. ..>> view originalDollar dips versus yen after BOJ's Kuroda disappoints easing bets
By Jemima Kelly | LONDON LONDON The dollar fell against the yen on Monday, after the head of the Bank of Japan disappointed those investors who had expected a clear signal that monetary policy would be eased further this month. The greenback hit a five-week high on Friday as markets bet that the U.S. Federal Reserve was still likely to raise interest rates in the coming months, despite disappointing U.S. jobs numbers.But having gained more than 4 percent against the Japanese currency in six ..>> view originalSatellite owner says SpaceX owes $50 million or free flight
By Irene Klotz and Steven Scheer | CAPE CANAVERAL, Fla./JERUSALEM CAPE CANAVERAL, Fla./JERUSALEM Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX after a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site.Officials of the Israeli company said in a conference call with reporters Sunday that Spacecom also could collect $205 million from Israel Aerospace Industries, which bui..>> view originalObama makes trade deal top priority in remaining months
WASHINGTON — Despite formidable opposition across the political spectrum, President Barack Obama is using his final months in office to fight for congressional approval of a 12-nation free trade pact called the Trans-Pacific Partnership. Administration officials say Obama would speak about the trade agreement at each stop during his trip to China and Laos. Back home, presidential candidates Hillary Clinton and Donald Trump bash it and public opinion polls indicate voters are closely divided on ..>> view originalHanjin scrambles to prevent ship seizures as more vessels blocked
* Odds of successful legal action depends on jurisdiction-lawyers* Shares plunge as much as 30 pct before ending 13.7 pct lower* Hanjin makes Chapter 15 filing in U.S. bankruptcy court* 79 Hanjin ships have been denied entry, including one seized (Adds comments from analyst and vice finance minister; updates shares)By Joyce Lee and Keith WallisSEOUL/SINGAPORE, Sept 5 South Korea's Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as mo..>> view originalOil Prices Rally on Hopes of Greater Cooperation Between Producers
Oil prices rallied on Monday on hopes of greater cooperation between major oil producers but gave up some of the gains as investors questioned the likelihood of any plans gaining traction. Speaking at the G-20 summit in China on Monday, Saudi Arabia and Russia agreed to cooperate to stabilize the oil market, but stopped short of outlining any limit on their petroleum production. Brent crude, the global oil benchmark, rose 2.6%...>> view original
Saturday, September 17, 2016
Gold, silver gain on more bets the Fed will take it slow on raising rates and other top stories.
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