UBS has said it is in advanced talks with the US Department of Justice to settle allegations of foreign exchange market rigging, as Switzerland's biggest bank by assets posted forecast-beating first-quarter earnings.
(See "China Waves Red Flag Over Telecoms").. Tencent Holdings gained 1.20 Hong Kong dollars (15 cents), or 2.3%, to 53.20 Hong Kong dollars ($6.82), after the Internet giant posted forecast-beating fourth-quarter profit growth of 69%, to 869.1 million yuan ($127.1 million), compared with last years corresponding period.
The Australian Treasury is expected to post forecasts next week of slowed but positive growth.
On a day when the cost of crude hit a new 12-year low and edge closer to the $30 a barrel level, Morgan Stanley posted a forecast on Monday of $20-25 20-25rel for oil based on movements in currencies.
CURRENT HUFFINGTON POST FORECAST - Hillary Clinton has an 86.2percentt chance of winning the presidential election.
On August 10th Tata Motors posted a forecast-beating first-quarter profit, which it said had been driven by demand for JLR's luxury models.
Logitech, Earth's No. 1 maker of computer mice, posted a forecast-beating 65% rise in third-quarter profit, driven by sales to Sony and new products.
Macy's posted a forecast-beating increase in August same-store sales of 4.3% today, saying it has seen strength in the back-to-school season.
The resulting model is then used for one-year ahead ex post forecasting.
We conduct one-hour-ahead ex-post forecasting on a rolling basis with the model being re-estimated every hour using two years of data.
Tuesday, November 8th, 12 05 P.M. Nate Silver has posted his final forecast of the year, and it remains an outlier compared to the predictions of most other forecasting sites.
