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Jan 28, 2016

The Economist | Politics This Week - January 28, 2016: United Only by Hatred.

economist.com

United only by hatred

International | Jan 28th.
No one at home
PITY poor Staffan de Mistura, the UN’s special envoy for Syria. Talks aimed at ending the five-year civil war that has claimed more than 250,000 lives and displaced 12m people should have started on January 25th in Geneva. But disagreements over who should come and on what terms could not be resolved in time. As The Economist went to press, it looked as if the talks could at last get under way on January 29th. But as the veteran diplomat ruefully conceded on Monday, threats to pull out should be expected: “Don’t be surprised: there will be a lot of posturing, a lot of walkouts and walk-ins…you should neither be depressed [nor] impressed…the important thing is to keep momentum.”

The Economist | Business This Week - January 28, 2016.


economist.com

Business this week

International | Jan 28th,
The World Bank reduced its forecast for the average price of a barrel of oil this year to $37, from the $51 it had projected just last October. In all, price forecasts for 37 of the 46 commodities that the bank monitors were revised lower. The Federal Reserve cited concerns about the world economy at its latest meeting, which suggests it is hesitant about raising interest rates again at its March meeting.
The Chinese new fear

Kitco News - January 28, 2016: Is Gold Rally Sustainable or Will It Lose Its Luster? GSA's John Doodly Comments.

Is Gold Rally Sustainable or Will It Lose Its Luster? GSA’s John Doody Comments

Kitco NEWS

Published on Jan 28, 2016
Gold prices ended the U.S. day session near unchanged Thursday, on mild profit taking after scoring a nearly three-month high Wednesday. The question on investors’ minds is whether the yellow metal can take advantage of its safe haven appeal and keep the momentum going. Portfolio manager, John Doody says that gold should be able to stay the course. ‘I think we are going to continue modestly higher – the pressure of further Fed rate increases is off for now,’ says Doody, the founder of the popular Gold Stock Analyst (GSA) newsletter. ‘After a four-plus bear market, the cycle is turning,’ he adds. On the gold stock front, Doody says he likes companies that are benefiting from a lower currency valuation including the Canadian miners, Mexico and Australia. As for the silver miners, Doody says it is very difficult for companies to turn a profit with silver’s current levels. ‘Silver is at $14 and nobody can make any money – until silver gets to $16-$17 dollars, we are not going to see any profits out of these miners,’ he adds. February Comex gold was last down $0.80 at $1,115.00 an ounce. March Comex silver was last down $0.214 at $14.245 an ounce. Kitco News, January 28, 2016.

Federal Reserve Bank of New York Org. - January 28, 2016: Tentative Outright Agency MBS Operation Schedule

Tentative Outright Agency Mortgage-Backed Securities Operation Schedule
The Desk's tentative operations schedules associated with outright purchases of agency mortgage-backed securities (MBS) securities as announced by the Federal Open Market Committee.

WSJ | Forex Closing on January 28, 2016.

The Wall Street Journal Forex Closing
Major Currencies
Thursday, January 28, 2016

WSJ | Major Indexes Closing on January 28, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:43 p.m. EST 01/28/16

WSJ | Biggest Gainers Closing on January 28, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 01/28/2016
NYSE

WSJ | Biggest Decliners Closing on January 28, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 01/28/2016
NYSE

WSJ | Most Actives Closing on January 28, 2015.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 01/28/2016
NYSE

FRB Press Release - January 28, 2016: Federal Reserve Board Releases Supervisory Scenarios for 2016 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Test Exercises and Issues Instructions to Firms Participating in CCAR.

www.federalreserve.gov 

Press Release

Release Date: January 28, 2016

The Federal Reserve Board on Thursday released the supervisory scenarios for the 2016 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and also issued instructions to firms participating in CCAR. This year, CCAR will include 33 bank holding companies with $50 billion or more in total consolidated assets.

DealBook P.M. Edition on January 28, 2016: Top Story: Puerto Rico Debt Negotiations Resume

 
Thursday, January 28, 2016
TOP STORY
A cruise ship docks in San Juan, Puerto Rico.
Puerto Rico Debt Negotiations Resume The continuation of talks between Puerto Rico's power company and its bondholders have revived hopes that a default can be avoided.

CMI Spot Prices as of Close of Trading in New York on January 28, 2016.

Spot Prices as of traditional New York closing times

Thursday, January 28, 2016


 

Wall Street at Close Report by CNBC on January 28, 2016

cnbc.com

Dow closes up triple digits as oil rises; Facebook soars 15.5%

Evelyn Cheng
 
U.S. stocks closed higher Thursday, as higher oil prices and gains in Facebook outweighed pressure from declines in biotech stocks and concerns about economic growth.
The Nasdaq composite outperformed, briefly rising more than 1 percent as Facebook leaped more than 16.5 percent and Amazon gained ahead of its earnings report. Apple held more than 1 percent higher in afternoon trade.

The Dow Jones industrial average briefly gained 150 points in afternoon trade, more than reclaiming opening gains of more than 100 points after falling into negative territory in morning trade. Caterpillar, Goldman Sachs and Chevron were among the top contributors to gains in the index.
"It's really Facebook and Amazon that are driving the market but my real concern as we pull back from the highs is this market is going to run up to resistance on any rally," said Marc Chaikin, CEO of Chaikin Analytics. "The inability of the market to hold up on good news (from stocks) like Facebook, which is a key player, is not good news."

U.S. crude oil futures settled above $33 a barrel, well off session highs but notching oil's first three-day win streak of 2016.
"A lot of what's going on in markets today is this uncertainty in oil and commodity prices and how that's going to affect (energy companies)," said John Bredemus, vice president, Allianz Investment Management. That analysis gets easier "if we can get a solid basis of where energy prices will be."
Earlier, the major U.S. averages fell into negative territory as declines in health care stocks weighed.
The iShares Nasdaq Biotechnology ETF (IBB) held about 3.5 percent lower after earlier falling more than 5 percent and briefly dragging the Nasdaq composite into negative territory.

Paul Yook, portfolio manager at BioShares Funds, attributed the declines in IBB to disappointment on earnings. "Generally, companies were pretty conservative with their guidance," he said.

"It's just been obviously the worst beginning to the year for biotech and investors are really fleeing and staying on the sidelines until they see some stabilization (in stock prices)," he said.
As of intraday trade Thursday, the iShares Nasdaq Biotechnology ETF (IBB) was down more than 20 percent for the year so far.

"My sense is it's going to take some more catalysts to turn things around," said Mike Bailey, director of research and chair at FBB Capital Partners. "Unfortunately, fourth-quarter earnings season is not doing it."
Celgene fell more than 5.5 percent in afternoon trade. The firm posted fourth-quarter earnings that fell short of analysts' estimates, hurt by higher costs. The company's net profit fell to $561 million, or 69 cents per share, in the fourth quarter, from $613.9 million, or 74 cents per share, a year earlier, Reuters reported. The firm's current quarter earnings guidance was slightly below FactSet expectations.

Eli Lilly also declined more than 5.5 percent in afternoon trade. The drug maker posted earnings in-line with estimates on revenue that beat. Lilly said it is upbeat about this year's prospects based on a half dozen Food and Drug Administration approvals in 2015 and a number of successful late-stage trials.
Amazon.com, Microsoft, Visa and Electronic Arts are among companies due to report after the bell.
Read MoreDon't be fooled by the flimsy rebound in stocks
The S&P 500 also tried for gains as energy held more than 2.5 percent higher, while health care declined more than 2 percent as the only decliner in afternoon trade. Earlier, energy gained more than 3.5 percent to lead S&P 500 advancers, with the index spiking 1 percent in opening trade.
"The huge higher open was clearly around oil prices higher and the talk about OPEC cutting production," Bredemus said.

"I think the reality is setting in. I think reality is, after the Fed, is the Fed isn't seeing anything better than we are," he said. "It's earnings season. Things are slow, things aren't going as well as we hoped and oil is uncertain."
Earlier, Dow futures jumped more than 150 points in pre-market trade, shaking off pressure from a sharp miss on durable goods, as oil gained.

"Obviously, certainly crude is driving the bus," said Jeremy Klein, chief market strategist at FBN Securities. He also noted support for stocks from some encouraging earnings reports and expectations the Federal Reserve will hold off on raising rates in the near-term.

U.S. crude settled up 92 cents, or 2.85 percent, at $33.22 a barrel, well off session highs. Earlier, WTI surged above $34.50 to its highest since Jan. 6.

Brent traded just above $34 a barrel in afternoon trade after earlier topping $35.50 a barrel on speculation that major producers may cooperate to cut production.

Russian Energy Minister Alexander Novak said Thursday that Saudi Arabia had proposed to cut oil production by up to 5 percent by each country in order to support weak oil prices, Reuters reported.

But Saudi Arabia has not proposed cutting back production or asked Russia to do the same, Dow Jones reported, citing a senior Gulf OPEC delegate.
Read MoreChances of OPEC, Russia oil deal slim to none
U.S. stocks fell more than 1 percent Wednesday after the Federal Reserve meeting statement renewed concerns about global growth. Disappointing earnings reports from Apple and Boeing also weighed heavily on stocks, despite gains in oil prices.

"I think they're trying to convey a very nuanced message and investors were looking for something that would say they wouldn't raise rates at the March meeting," said Kate Warne, investment strategist at Edward Jones.
Pending home sales rose just 0.1 percent in December from a downwardly revised November print.

Treasury yields briefly turned higher as oil surged before holding lower in afternoon trade, with the 10-year yield at 1.98 percent and the 2-year yield at 0.81 percent.
The Treasury auctioned $29 billion in 7-year notes at a high yield of 1.759 percent.

The U.S. dollar traded nearly half a percent lower against major world currencies, with the euro around $1.096 and the yen at 118.70 yen against the greenback.
In corporate news, Facebook reported earnings after the close Wednesday that blew past estimates, with the firm beating the $1 billion mark in quarterly net income for the first time ever.
Caterpillar reported adjusted fourth quarter profit of 74 cents per share, five cents above estimates, though revenue was light. Caterpillar does see full-year 2016 profit above current Street estimates, as it benefits from cost controls and restructuring. Shares rose more than 4 percent in afternoon trade.
Dow futures briefly turned negative in pre-market trade after December durable goods orders declined far more than expected.
"While it wasn't good news, it was also not new news. I don't think that set the tone for today," Warne said.

Durable goods fell 5.1 percent in December, far more than expectations for a less-than 1 percent decline. Ex-transportation, the figure declined 1.2 percent.
"That's another indication the economy is continuing to slow and an indication the Fed is going to hold off in the first half of this year," said Peter Cardillo, chief market economist at First Standard Financial.

Read More Factory slowdown hits these states hardest

Weekly jobless claims came in at 278,000.

Treasury yields edged lower after the durable goods report, with the 10-year dipping below 2 percent, before mostly turning higher as oil climbed.



 

DJIA Dow Jones Industrial Average 16069.23
124.77 0.78%
S&P 500 S&P 500 Index 1893.21
10.26 0.54%
NASDAQ Nasdaq Composite Index 4506.68
38.51 0.86%
In afternoon trade, the Dow Jones industrial average gained 63 points, or 0.40 percent, to 16,011, with Caterpillar leading advancers and American Express the greatest decliner.

The S&P 500 rose 9 points, or 0.46 percent, to 1,891, with energy leading nine sectors higher and health care the only laggard.
The Nasdaq composite gained 30 points, or 0.66 percent, to 4,498.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 22.5.

About two stocks advanced for every decliner on the New York Stock Exchange, with an exchange volume of 604 million and a composite volume of 2.9 billion.
Crude oil futures for March delivery gained $1.07 to $33.37 a barrel on the New York Mercantile Exchange.
Gold futures for April delivery settled down 20 cents at $1,116.10 an ounce.
Read MoreEarly movers: F, BABA, CAT, UA, TWC, HOG, LLY, SWK, FB & more

Reuters and CNBC's Peter Schacknow contributed to this report
On tap this week:

Thursday
Earnings: Amazon.com, Amgen, Microsoft, Visa, Electronic Arts, KLA-Tencor, Western Digital
Friday

Earnings: AbbVie, Chevron, Colgate-Palmolive, Honda Motor, Honeywell, MasterCard

8:30 a.m. Real GDP Q4; international trade; employment cost index
9:45 a.m. Chicago PMI
10 a.m. Consumer sentiment

3:30 p.m. San Francisco Fed President John Williams on panel
*Planner subject to change.
More From CNBC.com:

FTC Press Release - January 28, 2016: FTC Announces Significant Enhancements to IdentityTheft.gov - January 28, 2016.

FTC@100 Banner

One-Stop Website Offers Array of New Tools for ID Theft Victims; Free Recovery Plans Will Assist Consumers in Alerting Police, Credit Agencies, IRS
Note: A conference call for media with FTC Chairwoman Edith Ramirez will occur as follows:
Date: Jan. 28, 2016
Time: 2 p.m. ET
Call-in:
(800) 288-8975, confirmation number 385373
Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. Ramirez and FTC staff will be available to take questions from the media about the new site.
Broadcast media, please also note that B-roll video is available on FTC.gov or by contacting the FTC Office of Public Affairs.
For the first time, identity theft victims can now go online and get a free, personalized identity theft recovery plan as a result of significant enhancements to the Federal Trade Commission’s IdentityTheft.gov website.
The new one-stop website is integrated with the FTC’s consumer complaint system, allowing consumers who are victims of identity theft to rapidly file a complaint with the FTC and then get a personalized guide to recovery that helps streamline many of the steps involved.

IdentityTheft.gov Homepage. You can download images or b-roll video of the new site.
The upgraded site, which is mobile and tablet accessible, offers an array of easy-to-use tools, that enables identity theft victims to create the documents they need to alert police, the main credit bureaus and the IRS among others.
“Millions of Americans have been victims of identity theft, and until now, there has not been a single site where they can quickly file an official complaint and then get real, personalized help,” said FTC Chairwoman Edith Ramirez. “The FTC’s new IdentityTheft.gov website empowers consumers to fight back faster and more effectively against identity thieves.”
"Identitytheft.gov is a vital resource as identity theft has reached epidemic levels," said Illinois Attorney General Lisa Madigan. "As most Americans know, we live in an age when it's not a matter of if, but when you will become a victim of identity theft. The FTC's website is a great place for consumers to go for practical and personalized help to recover from the financial mess created by identity theft."
“Local law enforcement is often the first place identity theft victims turn for help,” said Mary Gavin, Chief of Police for Falls Church, VA, and an Executive Committee member of the International Association of Chiefs of Police. "IdentityTheft.gov will be a powerful tool to help police assist victims, and the information victims report to the FTC can help law enforcers build cases."
In 2015, the FTC received over 490,000 consumer complaints about identity theft, representing a 47 percent increase over the prior year, and the Department of Justice estimates that 17.6 million Americans were victims of identity theft in 2014.
The updated website provides a range of new features designed to make the recovery process as easy as possible for consumers. It now walks consumers through a simplified step-by-step checklist that is tailored to the specific type of identity theft they are facing. The advice consumers receive is not generic, but instead customized for their individual needs.
When a consumer initiates a response plan through IdentityTheft.gov, the site will automatically generate affidavits and pre-fill letters and forms to be sent to credit bureaus, businesses, police, debt collectors and the IRS. Should a consumer’s recovery run into issues, the site will suggest alternative approaches. Once a consumer completes their initial report on the site, they will receive follow up e-mails and can return to their personalized plan online to continue the recovery process.
IdentityTheft.gov is also available in Spanish at RobodeIdentidad.gov, and allows Spanish-speaking consumers to view the automatically generated letters and other documents in Spanish, but print them in English for sending to the relevant recipients.
The upgraded site is the FTC’s answer to an executive order issued by President Obama in October of 2014 directing federal agencies to create a consolidated site with essential information for consumers. An initial version was launched in May 2015 with checklists for consumers based on certain types of identity theft.
The FTC has produced a short video explaining how IdentityTheft.gov works for consumers.
In addition to IdentityTheft.gov and the new personal recovery plan features, the FTC also provides extensive educational materials for consumers, businesses and law enforcement with information on how to prevent identity theft and remain vigilant for other scams.
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357). Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.

 FTC Announces Significant Enhancements to IdentityTheft.gov

Contact Information

MEDIA CONTACT:
Jay Mayfield
Office of Public Affairs
202-326-2181

STAFF CONTACTS:
Nat Wood
Bureau of Consumer Protection
202-326-3407

David M. Torok
Bureau of Consumer Protection
202-326-3075

John Krebs
Bureau of Consumer Protection
202-326-2692

Related Resources

Images for Media:

Video for Media:

For Businesses

More news from the FTC >>

Gold Money - January 28, 2016:Surprises in Store...

goldmoney.com

Surprises in store….

Toni Sty
 
From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls could be read as healthy corrections in an ongoing bull market, and doubtless there are investors hanging on to their investments in the hope that this is true.

European Markets at Close Report, by CNBC on January 28, 2016: Stocks end Sharply Lower on Weak Earnings; Oil Recovers.

cnbc.com

Arjun Kharpal, Holly Ellyatt, Alexandra Gibbs
European equities closed sharply lower on Thursday, as a raft of weak earnings offset positive sentiment surrounding the rebound in oil prices.
The pan-European STOXX 600 finished down 1.6 percent provisionally, with all sectors closing in the red, except oil and gas, and basic resources.
London's FTSE 100 ended down 0.9 percent, while its European counterparts, France's CAC and Germany's DAX slipped further, closing down 1.3 and 2.4 percent, respectively.

CNBC : US Future Indiications Points for a Higher Opening - January 28, 2016: Dow futures Off Durable Goods Miss Jump 100 as US Crude Tops $33.

cnbc.com
 
CNBC.com staff

Spencer Platt | Getty Images

U.S. stock index futures indicated a higher open Thursday, helped by a continued bounce in oil prices.
Dow futures gained 100 points as U.S. crude oil futures topped $33 a barrel. Brent held above $34 a barrel as of 9:04 a.m. ET.
Earlier, futures pared gains, with Dow futures briefly turning negative after December durable goods orders declined far more than expected.
Durable goods fell 5.1 percent in December, far more than expectations for a less-than 1 percent decline. Ex-transportation, the figure declined 1.2 percent.
"That's another indication the economy is continuing to slow and an indication the Fed is going to hold off in the first half of this year," said Peter Cardillo, chief market economist at First Standard Financial.
Weekly jobless claims came in at 278,000.

Treasury yields edged lower, with the 10-year yield falling below 2 percent. The U.S. dollar index extended losses, with the euro holding above $1.09.

Amazon.com, Amgen, Microsoft, Visa and Electronic Arts are among companies due to report after the bell.

Shares of Facebook jumped more than 13 percent in pre-market trade. The social network reported earnings after the close Wednesday that blew past estimates, with the firm beating the $1 billion mark in quarterly net income for the first time ever.
Wednesday saw stocks slump after the Fed's 2 p.m. post-meeting statement noted concerns about a weaker economy and global conditions.
The central bank did not, however, specifically state it would defer rate hikes, unsettling some investors. The Fed has forecast four rate increases this year while the market expects but one.
Pending home sales are due out at 10:00 a.m.
In oil markets, Brent crude traded at around $33.70 a barrel on Thursday morning, up by 1.8 percent, while U.S. crude was at around $32.77 a barrel, up by 1.49 percent.
Read More Early movers: F, BABA, CAT, UA, TWC, HOG, LLY, SWK, FB & more

Abbott Labs, Alibaba, Caterpillar, Bristol-Myers Squibb, Ford, Blackstone, Harley-Davidson, Hershey, Northrop Grumman and Under Armour were among companies expected to report before the bell.

In Asia, Japan's Nikkei finished 0.71 percent lower, while the Shanghai Composite closed 2.85 percent lower. In Europe, the pan European Stoxx 600 index was more than 1 percent lower Thursday morning.
--CNBC's Patti Domm and Peter Schacknow contributed to this report

U.S. Stock Market Future Indications Update by MarketWatch - January 28, 2016: U.S. Stoc Futures Pare Gains After Slide in Durable-Goods Orders

marketwatch.com
 
Ellie Ismailidou, Sara Sjolin
U.S. stock futures pared gains following a weaker-than-expected reading on orders for durable goods, a day after the Federal Reserve recognized a slowdown in the global economy.

GATA | THE GATA DISPATCH on January 28, 2016: The Gold Market Just Lost its Best Measure of Chinese Deman


Submitted by cpowell on January 28, 2016By Myra P. Saefong
MarketWatch.com, New York
Thursday, January 28, 2016

http://www.marketwatch.com/story/the-gold-market-just-lost-its-best-meas...

The Shanghai Gold Exchange has stopped publishing its weekly gold withdrawal figures, forcing the market to lose its "best measure of Chinese wholesale demand," according to Koos Jansen, precious-metals analyst and blogger for Singapore-based bullion dealer BullionStar.

RT Max Keiser Report - January 28, 2016 (Episode 868))


"Keiser Report" Episode 868

RT Shows
Published on Jan 28, 2016
Every week Max Keiser looks at all the scandal behind the financial news headlines.
In this episode of the Keiser Report coming to you from Moscow, Max Keiser and Stacy Herbert are joined by Ben Aris of BNE.eu to discuss the latest from the Russian economy as it confronts a falling ruble, trade wars and self-imposed sanctions. They look on the bright side of these sanctions which has seen a renaissance in the Russian food scene and they examine accusations from a leading British commentator that Russia can never develop a Google . . . uh, despite having a Yandex, the biggest tech company in Europe. They also look at asset stripping banks in Russia to buy property in London and the reserve fund being used for precisely what it was accumulated to do.
Recorded from RT, Keiser Report , January 28, 2016

Bloomberg Politics - January 28, 2016: Trump to Test Ratings Supremacy With Rally Pitted Against Fox News Republican Debate.

bloomberg.com
 
John McCormick McCormickJohn
 
Donald Trump loves to boast that he's great for TV ratings. On Thursday night, he'll have a chance to prove it.

NYT First Draft on Politics - January 28, 2016>

Thursday, January 28, 2016

The New York Times

NYTimes.com/FirstDraft »

The New York Times

Thursday, January 28, 2016

Donald J. Trump at a campaign event at the University of Iowa in Iowa City on Tuesday.
Donald J. Trump at a campaign event at the University of Iowa in Iowa City on Tuesday. Eric Thayer for The New York Times
Anticipating the Metrics of a Trumpless Debate
By MAGGIE HABERMAN
Good Thursday morning. By refusing to attend it, Donald J. Trump has pumped extra intrigue into the final Republican debate before the voting begins, and he has added a new twist to a campaign season defined by surprises.

DealBook Today's Top Headlines - January 28, 2016: Markets Wobble After Fed Affirms Its Plan | 5 Ex-Brokers Cleared in London Libor Trial | Frank Quattrone to Step Down as Chief of Qatalyst

 
Thursday, January 28, 2016
TODAY'S TOP HEADLINES
By AMIE TSANG
MARKETS WOBBLE AFTER FED AFFIRMS ITS PLANS The Federal Reserve did not raise its benchmark interest rate, but indicated that its plan to gradually increase it remained intact, Binyamin Appelbaum reports in The New York Times.

U.S. Stock Market Future Indications, by MarketWatch - January 28, 2016: U.S. stocks Set For Upbeat Day as Oil Rallies, Tech Shares Jump.

marketwatch.com

Sara Sjolin
U.S. stock futures logged gains ahead of the open on Thursday, propelled higher by optimism over a stabilization in oil prices and rallies for some of the tech majors.
Investors were also waiting for a trio of economic data, including the closely watched durable-goods orders and weekly jobless claims.

The Guardian | Business | Banking - January 28, 2016: FCA Orders New Inquiry into HBOS Chiefs, by Sean Farrel

theguardian.com

Sean Farrell
 
City regulators have decided to investigate the role of HBOS’s senior management in the near collapse of the bank during the financial crisis more than seven years ago.

The Guardian | Business | Tax Avoidance - January 28, 2016: EU Could Investigate Google's "Sweetheart" Tax Deal with UK

theguardian.com

Rowena Mason
 
The UK government’s controversial tax deal with Google could fall foul of European competition rules and will be investigated if a complaint is made, the European commissioner responsible for the rules has warned.

The Guardian | UK | Media | Daily Mail and General Trust - January 28, 2016: Daily Mail Website's Ad Revenues Surge as Paper announces Price Hike.

theguardian.com

Mark Sweney
 
The owner of the Daily Mail has said that Mail Online boosted its ad revenues by 27% in the final three months of last year, as it announced that the paper is to increase its cover price for the first time in three years.

Asian Markets at Close Report on January 28, 2016: China Closes in Lowest Level in Over a Year as Fed Ennervers Investors.

marketwatch.com
 
Chao Deng 
 
China shares tumbled Thursday, with the main benchmark closing at its lowest level since November 2014.