Wednesday, October 22, 2014

Today's Headlines

  • Ottawa Police Search for Suspects After Attack at Parliament. (video) Police are searching for at least two people after a gunman and a soldier were killed in Canada’s capital. The attack two days after the murder of a soldier by a “radicalized” man near Montreal raised terrorism concerns nationwide. Downtown Ottawa remains in lockdown as police investigate “multiple suspects.” A member of the Canadian Forces shot at the nation’s war memorial has died of his injuries, and security officials killed a gunman inside the main parliament building, Ottawa police said in a statement. “We’re looking at multiple suspects,” Constable Chuck Benoit, spokesman for the Ottawa Police Service, said by phone. Police have been dispatched to several locations around the city, including a nearby shopping mall, to track two to three suspects, whose descriptions they have from intelligence reports, Benoit said. “The situation is live and in progress,” said Sherley Goodgie, spokeswoman for the Royal Canadian Mounted Police, which is collaborating with local police.
  • Russian Central Bank to Weigh Higher Rates on Inflation. Russia’s central bank, grappling with the fastest price growth in three years, may “seriously” weigh raising borrowing costs if inflation expectations remain high, according to First Deputy Chairman Sergei Shvetsov. “With the scenario unfolding now, the Bank of Russia will be forced to seriously consider raising interest rates further,” Shvetsov said today at a conference in London. 
  • Deutsche Bank at Risk in ECB’s Stress Test, Analysts Say. Deutsche Bank AG (DBK), Germany’s largest lender, is at risk of failing the European Central Bank’s stress test based on its financial standing before it sold shares to raise capital this year, analysts said. The 8.5 billion euro ($10.8 billion) share sale in the second quarter is probably enough to cover any capital shortfall identified in the test, based on the bank’s 2013 accounts, according to analysts at Bankhaus Lampe and Bankhaus Metzler. 
  • Russia Stocks Retreat as Energy to Bank Shares Drop on Ukraine. The Micex Index (INDEXCF) fell as Ukraine said Russia continues to supply arms to rebels in the east of the country, rekindling tension between the two nations. A column of military equipment and personnel entered the rebel-held area of Ukraine from Russia yesterday, a Ukrainian military spokesman said in Kiev today.
  • European Stocks Advance for a Second Day as ABB Gains. European stocks advanced, posting their biggest two-day rally in almost 16 months, as speculation the European Central Bank will boost stimulus outweighed some worse-than-estimated earnings reports. The Stoxx Europe 600 Index gained 0.7 percent to 326.11 at the close, after earlier falling 0.5 percent.
  • CDC Will Watch Ebola Country Travelers for 21 Days. Health officials will monitor people arriving in the U.S. from Liberia, Sierra Leone and Guinea for Ebola for 21 days, as the disease outbreak remains “persistent and widespread” in the West African countries. The Centers for Disease Control and Prevention will ask people whose travel originates in the three countries to give their name and contact information, and U.S. states will follow up with personal monitoring to check for any symptoms of the virus, CDC Director Thomas Frieden said today.
Business Insider: 
  • ECB has no concrete proposal to buy corporate bonds - Coene. The European Central Bank has no concrete plans to buy corporate bonds, but this could be a way to prevent the bank from paying too much for just covered bonds and asset backed securities, ECB governing council member Luc Coene told Belgian media.

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