Saturday, December 31, 2016

Today's Headlines

  • China’s Xi Vows to Defend Maritime Interests, Sovereignty in ’17. Chinese President Xi Jinping said the country will deepen reforms as he vowed to safeguard its sovereignty and maritime interests in 2017, a year that will present fresh international and domestic challenges for the leaders in Beijing. In a New Year’s speech published Saturday by Xinhua, Xi said the outcome of reforms should benefit more people and he vowed to address difficulties in areas such as employment, education, health care and housing. He also said the country adheres to peaceful development and resolutely safeguards its sovereignty and maritime interests. 
  • Hollande Says France Must Defend Values in Cold War Climate. French President Francois Hollande tells the French they have values to defend in the context of a new Cold War -- a reference to both geopolitics and the country’s looming presidential election. “There are moments in history when everything can be toppled. We are living through one of those periods,” Hollande said in a televised speech from Paris. “Democracy, freedom, Europe and even peace -- all of these things have become vulnerable, reversible. We saw it with Brexit and with the U.S. election in November.”
  • Solar Panels Now So Cheap Manufacturers Probably Selling at Loss. Solar manufacturers led by China’s Trina Solar Ltd. are probably selling at a loss after prices fell to a record low this week. The global spot market price for solar panels fell 2.4 percent to an average of 36 cents a watt on Dec. 28, according to PVinsights.
  • Money, Markets and Marvels: Understanding the Year Ahead.
Wall Street Journal: 
  • Had bullish commentary on (RTN), (PNC), (USFD) and (GD).
  • Had bearish commentary on (WAAS).
Zero Hedge:
  • At least 35 killed in Istanbul nightclub attack: Istanbul governor. At least 35 people were killed and 40 wounded when an attacker opened fire on New Year's revelers at a nightclub in Istanbul on Sunday, Istanbul Governor Vasip Sahin told reporters. The attacker shot a police officer and a civilian as he entered the club in the Ortakoy district of Istanbul before opening fire inside the building, Sahin said, in what he described as a terrorist attack.

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