Upcoming cars in India – Essay by AutoPortal.com

Posted by Forexsq 12 days ago (http://autoportal.com)
img With the festive season just around the corner car lovers are sure set for a roller-coaster ride with brand new designs from car manufacturers.

Redi-Go: Nissan's smallest car yet in India, the redi-Go, will share the newly developed CMF-A platform with its sister car, the Renault Kwid which will be launched later this year. The redi-Go is rumoured to use the same three-cylinder 800 cc petrol power plant used in the Kwid with no news of a diesel yet. This engine seeks to give what the average Indian motorist desires most, good fuel efficiency. With prices expected to be between Rs 3 and 4 lakh, the Datsun redi-Go is expected to arrive in India in March 2016.

Renault Kwid: The Renault Kwid has room for five people has an integrated infotainment system, including a 7-inch screen, Bluetooth and more. The engine that will power the Kwid is a naturally aspirated 4-valve, 3-cylinder petrol 800 cc unit. The price will be between Rs 3 and 4 lakh. Kwid sales will start during the festiv

Wall Street opens lower as oil prices weigh

Posted by Forexsq 14 days ago (http://www.reuters.com)
img Wall Street opened lower on Monday as oil prices plunged towards six-year lows and data indicated manufacturing activity in New York state contracted in August.

The Dow Jones industrial average .DJI fell 130.18 points, or 0.74 percent, to 17,347.22, the S&P 500 .SPX lost 11.75 points, or 0.56 percent, to 2,079.79 and the Nasdaq composite .IXIC dropped 25.61 points, or 0.51 percent, to 5,022.62.

US jobs post solid gains; unemployment flat

Posted by Forexsq 24 days ago (http://www.cnbc.com)
img U.S. job gains in July fell slightly short of expectations, and the unemployment rate did not budge from June, the Labor Department reported Friday.

American companies added 215,000 jobs for the month, while the unemployment rate remained at 5.3 percent, the department said. The labor force participation rate also remained flat at 62.6, its lowest level since 1977.

Economists polled by Reuters expected nonfarm payroll gains of 223,000 in July, with the unemployment rate at 5.3 percent. However, the payroll growth was directly in line with a Dow Jones estimate of 215,000.

The U.S. stock markets, worried about a possible Federal Reserve interest rate increase, opened slightly lower Friday after the report was issued.

The Fed has scrutinized job market data as it determines when to raise the federal funds rate for the first time in nine years. After its most recent meeting late last month, the central bank's policy committee said the labor market "continued to improve" while

Tesla stock rebounds on strong sales report

Posted by Forexsq 147 days ago (http://money.cnn.com)
img Tesla (TSLA) has seen its high-priced stock fall this year after CEO Elon Musk said in January that sales in China have been weak. But Friday's strong sales figures sent shares up 8% in Monday trading, wiping out about half of this year's sell-off in a single day.

The company said last week it sold 10,300 of the Model S, which starts at around $70,000, in the first three months of the year, up 55% from the same period of last year. That was about 500 cars more than expected.

The worries about China had caused some people to think Tesla would miss sales targets, said Rod Lache, auto analyst for Deutsche Bank.

"It's good to see the company exceed targets," Lache said. "But in the long run this should not be why anybody is buying the stock at this point. You should be buying because you believe the company will be a much larger business in the future."

The roll out in China, the world's largest market for car sales, has not been smooth. Last month, it announced it was cutting

U.S. multinationals set to face much more pain from strong dollar

Posted by Forexsq 162 days ago (http://www.reuters.com)
img The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession.

The dollar’s gain of 22 percent in the past 12 months against a basket of major currencies has landed a double whammy on U.S. companies with big sales abroad. Revenue and earnings from foreign markets are worth less when translated into greenbacks and their costs become relatively less competitive against rivals producing in countries with declining currencies.

Dollar moves of this magnitude in the past have resulted in what Bank of America/Merrill Lynch strategists term an "earnings recession," which is generally defined as at least two successive quarters of declining earnings from the year-earlier quarters. The brokerage says that a 25 percent gain in the U.S. dollar in a 12-month period has historically coincided with a 10 percent d

Asian shares edge up ahead of Fed meeting

Posted by Forexsq 168 days ago (http://www.reuters.com)
img Asian shares drifted higher on Monday after a downbeat session on Wall Street kept sentiment in check, while the euro recovered from a fresh 12-year low touched on the divergent monetary policy paths between the United States and the euro zone.

Financial spreadbetters expected a stronger day ahead in Europe, with Britain's FTSE 100 seen opening 26 points higher, or up 0.4 percent; Germany's DAX likely to open 61 to 63 points higher, or up 0.5 percent; and France's CAC 40 called opening 15 to 20 points higher, or up 0.4 percent.

"European markets, with the exception of the FTSE100, continued to be juiced by the European Central Bank's easy monetary policy, which started last Monday, with bond yields continuing to decline to record lows," Michael Hewson, chief market analyst at CMC Markets, said in a note.

Oil prices continued to tumble, with U.S. crude dropping more than 2 percent at one point to a six-year low amid oversupply fears. The International Energy Agency said on Fri

Household Worth in U.S. Rose by $1.5 Trillion in Fourth Quarter

Posted by Forexsq 172 days ago (http://www.bloomberg.com)
img Household wealth in the U.S. increased from October through December by the most in a year as stock prices advanced to an all-time high at the end of 2014.

Net worth for households and non-profit groups rose by $1.5 trillion in the fourth quarter, or 1.9 percent from the previous three months, to $82.9 trillion, the Federal Reserve said Thursday from Washington in its financial accounts report, previously known as the flow of funds survey.

Record stock prices and steadily increasing home values have made U.S. households wealthier as the economic expansion lumbered on. While faster job growth and low fuel prices also have helped lower-income households, bigger wage gains will strengthen balance sheets further.

“The recovery is broadening its reach -- it’s not just hitting the upper-level of income distribution but starting to help a broader segment of the population, and that’s some good news,” said Dana Saporta, a U.S. economist at Credit Suisse Securities USA in New York. At

France’s Hollande Casts Fate With Ex-Banker Macron

Posted by Forexsq 175 days ago (http://www.wsj.com)
img French Economy Minister Emmanuel Macron got an earful in January from U.S. technology and retail executives as they lectured him in a meeting at the Venetian hotel in Las Vegas about France’s inhospitable business reputation.

They complained that the government meddles too much, the labor market is too rule-bound and corporate taxes are onerous, including a two-year 75% tax on salaries of more than €1 million ($1.1 million) imposed by President François Hollande after his election in 2012.

The 37-year-old Mr. Macron, a former investment banker who became France’s top economic official last August, folded his hands prayer-like and then responded with the message he had flown from Paris to deliver: “I agree with everything.”

He added: “I think the 75% tax was a big mistake.”

Mr. Macron’s dig at his own boss was no slip of the tongue. For years, he prodded Mr. Hollande and his ruling Socialist Party to carry out a long-delayed modernization of France’s economy, the eurozone’s

The Greek debt crisis: catastrophe postponed

Posted by Forexsq 185 days ago (http://espresso.economist.com)
img Today the German parliament approved a four-month extension of Greece’s bail-out, after an 11th-hour deal struck by euro-zone finance ministers a week ago. Thus closes the latest act in the Greek debt drama. But if the immediate danger of bank runs and capital controls has been averted, further down the road the problems are only multiplying. Having finally yielded to demands from Germany and others that it extend the bail-out, Greece must now convince its creditors that its reform plans are serious. Trust between the two sides has evaporated since Syriza, a radical-left party, formed the Greek government. The IMF and the European Central Bank—also among the creditors—have cast doubt on Greece’s proposals, many of which look vague and uncosted. Moreover, reviewing them may take up to two months, and no one seems quite to know how Greece will fund itself until then.

Obama pushes protections for retirement accounts

Posted by Forexsq 189 days ago (http://money.cnn.com)
img The White House says it wants greater protections for retirement investing.

It unveiled broad strokes of a proposal Monday that would hold financial advisers handling individual retirement accounts (IRAs) and 401(k)s to a higher standard than they currently are.

The change means financial advisers would be held to a so-called fiduciary standard. Translation: They would formally have to put the best interests of their clients ahead of their own interests by recommending the best product -- even if that means taking a smaller fee for their services.

The White House acknowledged that many financial advisers already do that, but it wants to extend the standard industrywide.

"[O]utdated regulations, loopholes, and fine print make it hard for working and middle class families to know who they can trust," the White House wrote.

Why oil is the 'canary in the coal mine': Analyst

Posted by Forexsq 192 days ago (http://www.cnbc.com)
img Since economies drive commodity prices, not the other way around, the collapse in oil is more of a demand issue than it appears, said Stephen Schork, founder and editor of The Schork Report newsletter.

The influential oil analyst told CNBC on Friday that there's an "absolute glut" in crude, but the demand side of the equation can't be overlooked. "When you have such a sharp fall in commodity prices, that's because of economic demand. And I think that's a very worrisome telltale."

"Oil prices are the canary in the coal mine," Schork said in a "Squawk Box" interview. "I don't think the global economy, especially in the United States, is all rainbows and unicorns right now."

The current, robust pace of oil production has been going on for two years now, he said. What has changed over the summer? "The supply picture has not changed. So the drop in price, to me, is an indication, I think, of worrying global demand," he said.

Schork predicted crude prices could fall to $40 a bar

Egypt Conducts Airstrikes on Islamic State Targets in Libya

Posted by Forexsq 196 days ago (http://www.nytimes.com)
img The Egyptian military said on Monday that it had carried out airstrikes in Libya in retaliation for the beheading of more than a dozen Egyptian Christians by a branch of the Islamic State extremist group there.

In a statement Monday morning, the Egyptian military said that it had conducted airstrikes at dawn against training camps and arms depots of the Islamic State group in Libya, but it did not provide further details. News reports and social media indicated that Egyptian warplanes had struck Derna, a town in eastern Libya that is a hub of Islamist militancy. It is also close to the Egyptian border, well within the range of the jets.

The airstrikes are a dramatic escalation of Egypt’s role in the continuing battle between armed factions in Libya for control of the country. With the backing of the United Arab Emirates, Egypt has worked covertly to support a Libyan general who is fighting to take back the capital and much of the coast from a rival coalition of militia groups, s

KSE ends lower; Pakistan Rupee firm

Posted by Forexsq 199 days ago (http://www.dailytimes.com.pk)
img Stocks ended lower on Thursday, with the benchmark 100-share index of the Karachi Stock Exchange closing down 1.22 percent, or 417.57 points, at 33,786.42.

Scripts across the board witnessed sharp decline today as investors opted to book their profits due to the uncertainty going forward. Investor interest is hit by continuous foreign outflow fearing further selling would emanate from the foreign front, said Muhammed Mobeen, an analyst at JS Global Capital. National Bank of Pakistan fell 3.73 percent to Rs 64, while Engro Corporation Ltd ended down 2.60 percent at Rs 274. The rupee closed at 101.35/101.40 against the dollar, compared with Wednesday’s close of 101.40/101.45.

The mysterious nicotine lozenge that smokers are hoarding

Posted by Forexsq 202 days ago (http://www.washingtonpost.com)
img Bob Berens, a television writer in Los Angeles, first noticed back in July that it was getting hard to find the Nicorette lozenges he’d been consuming religiously ever since he quit smoking seven years ago. Neighborhood stores were tapped out. Soon, he was driving across the city to locate even a single box of the elusive product. Berens couldn’t figure it out. Stores still carried Nicorette gum and Nicoderm patches. Only the brand’s lozenges were gone.

And Berens, 36, was hooked. There were generic versions, but Berens and many others swore the small, white Nicorette lozenges tasted better, packed a distinct kick and took the edge off in a way no other smoking-cessation product could. Maybe it was some secret flavoring. Maybe it was just psychological. But he was as loyal to Nicorette lozenges as he had once been to his favorite cigarettes, Marlboro Reds.

“Those lozenges,” Berens says, “are magic.”

Berens and many other ex-smokers today are at the mercy of a mysterious natio

Critics pounce as Obama again shows he isn’t easy on America

Posted by Forexsq 206 days ago (http://www.washingtonpost.com)
img President Obama has never been one to go easy on America.

As a new president, he dismissed the idea of American exceptionalism, noting that Greeks think their country is special, too. He labeled the Bush-era interrogation practices, euphemistically called “harsh” for years, as torture. America, he has suggested, has much to answer given its history in Latin America and the Middle East.

His latest challenge came Thursday at the National Prayer Breakfast. At a time of global anxiety over Islamist terrorism, Obama noted pointedly that his fellow Christians, who make up a vast majority of Americans, should perhaps not be the ones who cast the first stone.

“Humanity has been grappling with these questions throughout human history,” he told the group, speaking of the tension between the compassionate and murderous acts religion can inspire. “And lest we get on our high horse and think this is unique to some other place, remember that during the Crusades and the Inquisition, people
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