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Sep 3, 2015

The Guardian Today - Australian Edition - on Friday 04, 2015.

the guardian today - Australia edition
Friday 04 Sep 2015
g
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In series of tweets, media mogul says Australia is a ‘beautiful’ country with ‘large problems’ including a Senate hamstrung by ‘extreme greenies’
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U.S. Department of Commerce Communications - September 3, 2015: Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services in July 2015

Press Release
Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services in July 2015
09/03/2015 05:18 PM EDT

U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the July 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $188.5 billion in July from $187.7 billion in June. The total trade deficit improved by 7.4 percent in July to $41.9 billion. Exports of financial services; other business services; telecommunications, computers, and information services; as well as insurance services all reached records highs in July.

Defense to Rest in Trial of 3 Ex-Dewey & LeBoeuf Leaders: DealBook P.M. Edition - September 3, 2015.

Thursday, September 3, 2015
TOP STORY
 
Defense to Rest in Trial of 3 Ex-Dewey & LeBoeuf Leaders The defense plans to formally rest its case on Tuesday without calling a single witness to testify in the trial, which began in late May.

Federal Reserve Board Announces Approval of Application by Banner Corporation and Elements Merger Sub LLC: FRB Press Release - September 3, 2015

 

Press Release


Release Date: September 3, 2015

The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by Banner Corporation and Elements Merger Sub, LLC, both of Walla Walla, Washington, to acquire Starbuck Bancshares, Inc., Seattle, and thereby indirectly acquire its subsidiary, AmericanWest Bank, Spokane, both of Washington.
Attached is the Board's order relating to this action.
For media inquiries, call 202-452-2955.
Attachment (PDF)
Board Votes
 
Last update: September 3, 2015

CMI Spot Prices as of Close of Trading in New York on September 3, 2015.



CMI Gold & Sliver




Spot Prices as of traditional New York closing times

Thursday, September 03, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,125.80 -$8.80 $1,124.00 $1,090.80 $1,266.35

Silver

Today Change Week Ago Month Ago Year Ago
$14.74 +$0.04 $14.45 $14.55 $19.15

Platinum

Today Change Week Ago Month Ago Year Ago
$1,012.50 -$3.70 $1,006.30 $969.20 $1,411.30

Palladium

Today Change Week Ago Month Ago Year Ago
$581.90 -$1.10 $567.70 $605.75 $892.50

Gold/Silver Ratio

76.38

Federal Reserve Bank of New York Org. - Press Release - September 3, 2015: Agency MBS Transaction Data Update

Agency MBS Transaction Summary
Gross purchases from August 27 through September 2: $7,939 million
Sales (dollar rolls) from August 27 through September 2: $0 million
Net purchases from August 27 through September 2: $7,939 million

All amounts reflect current face

Stocks Close Mixed as Street Awaits Key Jobs Data: Wall Street at Close Report on September 3, 2015.

cnbc.com

Stocks close mixed as Street awaits key jobs data

Evelyn Cheng
 
U.S. stocks closed narrowly mixed, attempting to extend a recovery as investors eyed fluctuations in oil prices and awaited the final jobs report before the Federal Reserve's key September meeting.
"I do think today's market is the market traders don't want to be in long because it could be very choppy if these numbers are indicative of a labor force that is expanding," said Quincy Krosby, market strategist at Prudential Financial.
Friday's nonfarm payrolls report is the last monthly employment report before the Federal Reserve meets in two weeks, when an announcement on interest rates is widely anticipated.

Stocks gave up much of opening gains to dip into negative territory in intraday trade.
The Nasdaq composite failed to hold higher and joined the other major averages in the red for 2015. Apple closed down 1.75 percent.
The S&P 500 and Dow Jones industrial average ended about 0.10 percent higher. Earlier, the blue chip index gained as much as 198.69 points in a failed attempt to stay out of correction territory, with Goldman Sachs and IBM among the top contributors to gains.
"We're still in the midst of this correcting process where equities aren't being transitioned into stronger hands," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"That lends to this intraday rally and decaying until we have selling exhaustion (to the point) that we don't see that decaying that we're seeing at the moment," he said, noting some traders taking profits ahead of Friday's jobs report.
The energy sector struggled to hold gains after earlier spiking more than 2 percent on a surge in oil prices. Crude briefly turned negative in afternoon trade before settling up 50 cents, or 1.08 percent, at $46.75 a barrel.
On Wednesday, the S&P 500 and Nasdaq composite closed out of correction territory to within 10 percent of their 52-week highs. The major averages are still on track for weekly losses of nearly 2 percent.
"The key focus on today's trade is we're still rebounding. We strengthened into the close yesterday," said Art Hogan, chief market strategist at Wunderlich Securities. "China being closed helps with (alleviating) pressure and downside volatility."
Energy prices have seen extreme moves in the last few days. Crude gained support with the overnight recovery in Asian stocks and briefly leaped 4 percent in morning trade to top $48 a barrel. Brent also temporarily topped $52 a barrel.



"The fact that we're not seeing extraordinarily wider gyrations out of Asia is also a plus for the market," said Peter Cardillo, chief market economist at Rockwell Global Capital. "I think oil prices right now are the best indicator for equity markets until the FOMC meeting."

Europe ends sharply higher after Draghi raises QE hopes: European Markets at Close Report on September 3, 2015.

cnbc.com

Europe ends sharply higher after Draghi raises QE hopes

Jenny Cosgrave, Catherine Boyle, Matt Clinch
European markets ended sharply higher on Thursday after the European Central Bank hinted that its asset-purchase program would be increased if needed.



 


FTSE FTSE 100 Index 6194.10
110.79 1.82% 758474340
DAX DAX Index 10317.84
269.79 2.68% 118777973
CAC 40 CAC 40 Index 4653.79
98.87 2.17% 140057688
IBEX 35 IBEX 35 Idx 10042.40
104.10 1.05% 311827103
The European Euro Stoxx 600 index finished around 2.4 percent higher with strong gains seen across all major bourses. London's FTSE climbed 1.8 percent, while the French CAC and German DAX both provisionally ended 2.2 and 2.7 precent higher respectively.

In Search for The Right Phone Plan: Bits | The Business of Technology - September 3, 2015.


Daily Report
 
 Thursday, September 3, 2015

In Search of the Right Phone Plan | Wanted: a Rosetta stone for smartphone plans.
The Rosetta stone, you may remember, was a stone found by a French soldier toward the end of the 18th century that proved to be the key to translating Egyptian hieroglyphs because it was engraved with both those ancient Egyptian symbols - which scholars did not yet understand - and Greek, which they understood perfectly well.

The Guardian Money Deals - September 26, 2015:

 Overpaying for money transfers?
The pound recently hit a 6-year high against the Australian dollar - great news for anyone thinking about emigrating Down Under. Yet many of us don't realise that using your high street bank to make international payments can negate some of the benefits of sterling's strength.

Using a foreign exchange specialist on the other hand could save you money. So the Guardian has partnered with foreign exchange experts, moneycorp, to bring readers Guardian International Money Transfers.

This service gives you access to exchange rates typically better than those offered by many banks, sometimes by around 3-4%. On a transfer of £100k, that could equate to a saving of up to £4,000.

Online transfers are free for Guardian readers (banks can charge £20-40 for each transfer) and phone transfers cost a maximum of £15.  



 

Money transfers
More reasons to use our money transfer service
If you are buying property abroad, repatriating an inheritance or making regular salary transfers you can also benefit from:
* Competitive exchange rates
* Low transfer fees
* Expert guidance
* 24 hour convenience 

 

Your security matters
As with any financial transaction it's important to know that your money is safe. moneycorp, which operates Guardian International Money Transfers, is authorised and regulated by the Financial Conduct Authority for the provision of payment services and customer funds are safeguarded in segregated client accounts
Security

 

 
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U.S. Stock Market Future Indications Update - September 3, 2015: U.S. stock futures extend gains after dovish ECB comments


marketwatch.com

U.S. stock futures extend gains after dovish ECB comments

Anora Mahmudova, Sara Sjolin
 
U.S. stock futures extended earlier gains Thursday after a bigger-than-expected increase in weekly jobless claims and dovish comments from the European Central Bank President Mario Draghi.
The ECB kept interest rates unchanged as expected at its policy-setting meeting, with attention now turning to Mario Draghi’s news conference at 8:30 a.m. Eastern.

Goods and Services Deficit in July Down 3.3 billion From June Revised June... BEA News Release: U.S. International Trade in Goods and Services, July 2015


The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $41.9 billion in July, down $3.3 billion from $45.2 billion in June, revised. July exports were $188.5 billion, $0.8 billion more than June exports. July imports were $230.4 billion, $2.5 billion less than June imports.

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm

Brazil's Political Jungle Swallows Its Economic Superman: Bloomberg View - September 3, 2015.

bloombergview.com

Brazil's Political Jungle Swallows Its Economic Superman

Mac Margolis
 
For anyone looking for a snapshot of Brazil's economic travails, you could do no better than the press conference Aug. 31 unveiling the government's 2016 budget, replete with a whopping deficit of 30.5 billion reais ($8.1 billion).
Any other day, all eyes would have been on the tallest man in the room, Joaquim Levy, the six-foot-four finance minister whose University of Chicago diploma and low threshold for fiscal folly have made him the toast of foreign investors and President Dilma Rousseff's guarantor of sound economics.

A Pledge for Republican Togetherness Is Framed on Trump's Terms: NYT First Draft on Politics - September 3, 2015.

9/3/2015 nytimes.com/firstdraft »
First Draft

A Pledge for Republican Togetherness Is Framed on Trump’s Terms

Donald J. Trump made a campaign stop at the Pinkerton Academy in Derry, N.H., last month. Mary Schwalm/Associated Press
9/3/2015
By Maggie Haberman
Good Thursday morning. While President Obama celebrates the success of his strategy to secure enough votes to put the Iran nuclear agreement in place, the head of the Republican National Committee was seemingly engaging in some strategy of his own, calling for all 17 candidates to make a promise meant to ease concerns about one candidate’s intentions.

DealBook Today's Top Headlines - September 3, 2015: The Hedge Funds that Prospered in Market Tumult | Puerto Rico's Debt Deal | Private Equity Firms Circle Petco.

 
Thursday, September 3, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
THE HEDGE FUNDS THAT PROSPERED IN MARKET TUMULT It's not all doom and gloom for the hedge fund industry. Several hedge funds are putting in the kind of performances that just might justify the industry's famously hefty fees,