News & Comments

Wednesday, June 8, 2016

Trading Video: GBP/USD In Volatility's Grips, SPX and Oil Post 11 Month Highs: Forex News by DailyFX

Published on 7 Jun 2016

Talking Points:

• While it may not be backed by robust volume (conviction), risk appetite inches higher with an 11-month SPX high
• Pound volatility remains extreme as EUR/GBP swings lower and GBP/USD temporarily surges intraday
• The RBA bolstered the Australian Dollar, what will the RBNZ decision do to the New Zealand currency?

Read the full article here:
https://www.dailyfx.com/forex/video/d...

Tuesday, June 7, 2016

#Brazil - Dilma Rousseff: 'No legal grounds for this impeachment' - Talk to Al Jazeera

Published on 7 Jun 2016

Dilma Rousseff, the former leftist guerrilla who became the first woman president of Latin America's largest country, is now fighting for her political survival.

Brazil's immensely popular former president Luiz Inacio Lula da Silva, chose his chief of staff to carry on with his legacy of economic growth with social justice.

But it didn't last. By the time Rousseff began her second term in 2015, Brazil was in turmoil.
Now Rousseff has been suspended to face an impeachment trial - abandoned by her allies and millions of Brazilians who accuse her of driving the nation's once healthy economy into the ground and of turning a blind eye to corruption within her own left-wing party.

It's the material political soap operas are made of: almost daily corruption scandals are splattering every political party, most recently, that of interim President Michel Temer.

This week, more leaked phone conversations revealed that two of his top ministers, including the man in charge of combatting corruption, were apparently trying to derail ongoing investigations into a multi-billion dollar bribery scheme.

Temer, who was until last month the vice president, turned against Dilma Rousseff, so she could face impeachment.

Rousseff is charged with having tampered with fiscal accounts to hide a massive budget deficit in order to get re-elected.

Yet, unlike a great many of those seeking her impeachment, she is not being accused of stealing money for herself.

In fact at least 60 percent of Brazilian lawmakers are under investigation or indictment for crimes ranging from attempted murder to massive corruption, including the president of the senate who will be overseeing the impeachment trial.

Rousseff claims her enemies are punishing her for refusing to block corruption investigations, but will the latest scandals involving the interim government be enough to save her?

Al Jazeera's Lucia Newman speaks to President Dilma Rouseff in Brasilia as the suspended leader faces a controversial impeachment trial which could remove her permanently from the presidency.

Rouseff discusses why she'll fight to be reinstated, the political fragmentation in the country, and what she plans to do to earn back the trust of the Brazilian people if she wins the Senate vote.
More from Talk To Al Jazeera on:

Princess Diana's Former Royal Chef Opens Up [EXCLUSIVE] ABC News

Published on 7 Jun 2016

Darren McGrady takes us inside the life of the beloved royal and reveals what Diana was like in the kitchen.

Miton Group (LON:MGR) Williams on the Diverse Income Fund’s growth: ProactiveInvestors Stocktube

Published on 7 Jun 2016

Gervais Williams, fund manager at Miton Group PLC (LON:MGR) says for fund managers it is all about “growing that dividend” as “good and growing income is really what’s driving the market at the moment”.
He says the diverse income fund, which returned 4% last year to investors, is “very open minded” as long as there is dividend growth.

The fund buys both FTSE100 companies, such as Legal & General Group plc (LON:LGEN), but also AIM stocks, which Williams says are “particularly under discovered”.

Around 15% is invested in FTSE100 companies, slightly higher than last year due to BREXIT uncertainties, but 65% remains in “small-micro” where Williams sees “the best opportunities”.

http://www.4-traders.com/MITON-GROUP-PLC-4004825/
www.mitongroup.com/

Stocks at Highest Level This Year, Verizon Makes Offer for Yahoo: TheStreet

Published on 7 Jun 2016

Stocks head into the trading day at the highest levels this year. Indexes rallied to 2016 highs as Federal Reserve Chair Janet Yellen said interest rate hikes were needed but hedged on the timing of those. Verizon plans to submit a second-round bid of around $3 billion for Yahoo core internet business, which was much less than the $8 billion or so that was expected. The Wall Street Journal says a private equity firm, TPG Capital, is also expected to make an offer. There could be another round of bidding before a decision is made. Valeant reported its delayed first quarter results. Results missed the mark and will cut its full year earnings and revenue guidance. The new CEO said the company is making progress in stabilizing its business, which has been through controversy over price increases, questions about accounting and concerns over the use of a mail-order pharmacy.

Why We're Watching Valeant Pharmaceuticals: TheStreet

Published on 6 Jun 2016

Valeant Pharmaceuticals is set to release results before the bell Tuesday. Analysts are anticipating the Botox maker to report adjusted earnings of $1.36 a share, that's down $1 from a year ago. Revenue estimates for this quarter are expected to grow about 8.7% to about $2.4 billion. Tuesday is Valeant's second quarterly report since its pricing and compliance scandals were revealed. The Fill or Kill team will be keeping a close eye on whether or not Valeant will beat top and bottom line estimates.. and if there is any further information on how the drug maker plans to reduce its debt.

#South Africa - Britain and Australian govt warns citizens in SA after US terror alert: SABC Digital News

Published on 7 Jun 2016

Britain and Australia have urged their citizens to exercise high levels of caution while visiting South Africa.
Both countries updated their travel advisories for South Africa Monday.

It follows a warning by the US government over the weekend.

US embassies said it had received information that terrorists were planning attacks on places frequented by foreigners visiting Johannesburg and Cape Town, such as shopping malls.

The British embassy in Pretoria says the revised advisory should not be seen as a terror alert.
Earlier, the ministry of State Security, confirmed that they view the US government's warning in a serious light.

The department added that terrorism is a concern globally.

Meanwhile South Africans are unsure of weather or not to take the United States terror alert seriously.
We spoke to the Director of the Afro Middle East Centre, Na'eem Jeenah.

Ukraine - Rehab For Wild Ones: Helping an eagle fly again: UKRAINE TODAY

Published on 7 Jun 2016

A new treatment and recovery facility is now open in western Ukraine. But... its patients aren't whom you would think of right away. Getting healthy again is the priority for these wild animals, most of whom are listed in the Red Book of Endangered Species.

Halych National Nature Park located in western Ukraine is set to become the new home of two eagles and buzzards.

The birds all have a reason to come here. All of them fell victim to street photographers seeking quick cash from unsuspecting tourists. In an unprecedented court case launched by the Halych National Nature Park staff, the judge ruled against the photographers ordering the birds to be immediately confiscated and sent to the rehabilitation facility.