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Chinese Yuan Falls After Moody's Downgrade

Communist leaders have cited reducing financial risk as a priority this year. All the same, authorities have moved cautiously to avoid knocking economic growth, gingerly raising short-term interest rates while tightening regulatory supervision. [Full Article...]

Unusual Weather For Memorial Day Weekend: SUNNY!

Unusual Weather For Memorial Day Weekend: SUNNY! Note strong westerly wind gusts (around 25 mph) are possible from late morning until almost dinnertime. Partly sunny skies will return on Saturday , with a high near 74. The high will be 89. Today: Showers, mainly before 3 p.m. Cloudy, with a low around 57. Sunday: Sticky. And tricky to time the rain chances. A 40 percent chance of showers. [Full Article...]

ITC Fourth-Quarter Profit Up Marginally, Misses Estimates

ITC Fourth-Quarter Profit Up Marginally, Misses Estimates The company's net profit in rose marginally by 0.8% from last quarter. The company's market valuation surged Rs 10,871.98 crore to Rs 3,74,928.98 crore. "Over the last 5 years, the incidence of Excise Duty and Value-Added Tax on cigarettes, at a per unit level, has gone up cumulatively by 131% and 157% respectively". [Full Article...]

Oil Slumped Post OPEC Extension Announcement

Most investors had already factored in this outcome as Saudi Arabia and Russian Federation earlier in May that a nine month extension was needed, but some had bet on the producers agreeing to bigger reductions in supplies, Reuters reported. [Full Article...]

Eight arrested till now in Manchester bombing

Hate crime has increased significantly in Manchester in the days following the terrorist attack that killed 22 people . British officials are "furious" with the United States over a number of leaks, including the publication in The New York Times on Wednesday of detailed forensic images of the bomb scene. [Full Article...]

Solar power record set amid United Kingdom heatwave

Solar power record set amid United Kingdom heatwave The previous solar power record for the United Kingdom was 8.48 gigawatts set earlier this month. National Grid expects solar output to increase further, a spokesman for the company said. We've been saying as much for years, but grid operators certainly have more authority on the matter than us, especially for common people. And it doesn't just power our homes, but also our economy, with nearl... [Full Article...]

US growth in Q1 revised up to 1.2 pct. but still weak

US growth in Q1 revised up to 1.2 pct. but still weak The revised data mean GDP growth in President Donald Trump's first quarter was 1.2 percent , half a percentage point higher than the first report, which had U.S. Still, business investment was even brighter than previously estimated, thanks to fresh data on construction spending and companies' research and development expenses. [Full Article...]

Will summer gas prices go up or down?

Will summer gas prices go up or down? The U.S. Energy Information Administration said prices at the pump as of Friday averaged $2.40 a gallon as the nation begins its traditional vacation season. Tennessee's average price of $2.09 was 7 cents less than the average last year at $2.16 but 39 cents less than the holiday two years ago at $2.48. In fact, gas prices are almost the same as they were on Memorial Day a year ago. [Full Article...]

No Medicaid cuts in Trump budget? Really?

No Medicaid cuts in Trump budget? Really? Such cuts are being contemplated, of course, at a time when Trump is also promising huge reductions in taxes, mostly for upper-income individuals and corporations. The budget would zero out federal teacher training grants and funding for before- and after-school programs. - The National Institutes of Health: The budget for the premier medical research agency would be cut by 18 percent, to ... [Full Article...]

Top court strikes down rigged voting map

That followed a decision against Alabama's state legislative districts in 2015. Gerrymandering is when voting district boundaries are drawn to provide an advantage to a particular political party. "Although States enjoy leeway to take race-based actions reasonably judged necessary under a proper interpretation of the Voting Rights Act, that latitude can not rescue District 1", Justice Elena K... [Full Article...]

Britain 'Furious' Over US Leaks on Manchester Attack

Britain 'Furious' Over US Leaks on Manchester Attack Hashim Abedi, brother of Manchester Arena bomber Salman Abedi , who has been detained in Tripoli along their father Ramadan. The performances were due to go ahead on Thursday and Friday, just days after suicide bomber Salman Abedi blew himself up at the 21,000 capacity venue as crowds left the show on Monday. [Full Article...]

Tanzania: Acacia Mining Shares Dive for Second Consecutive Day

Tanzania: Acacia Mining Shares Dive for Second Consecutive Day It has underperformed by 24.96% the S&P500. While considering growth estimates of the company, it has next quarter growth estimates of -16.7% whereas during current quarter it has 28.6% estimations over growth, comparing to the estimations of 4.3% during current year and 4.1% for next year. [Full Article...]

Brazil troops recalled after deployment following riots

Brazil troops recalled after deployment following riots The reflection of Brazil's National Congress stands splintered in the broken glass of a federal building in Brasilia on Thursday , one day after protesters flooded the city's streets in opposition to President Michel Temer . Police used tear gas and rubber bullets as a total of 49 people sustained injuries, including one man suffering a serious wound to the head and another having his hand b... [Full Article...]

Yum! Brands, Inc. (YUM) Coverage Initiated by Analysts at BMO Capital Markets

Stifel Nicolaus raised their target price on shares of Yum! Brands in a report on Friday, January 6th. Sanford C. Bernstein set a $78.00 price target on shares of Yum! Brands and gave the company a "buy" rating in a report on Saturday, February 11th. [Full Article...]

Weir Group PLC (WEIR) Receives GBX 1870 Average PT from Analysts

The stock of Inchcape plc (LON:INCH) earned "Neutral" rating by BNP Paribas on Friday, September 9. The stock has "Overweight" rating by Morgan Stanley on Friday, January 13. The company was maintained on Wednesday, February 10 by JP Morgan. Citigroup Inc restated a "buy" rating and issued a GBX 2,270 ($29.53) target price on shares of Weir Group PLC in a report on Friday, April 28th. [Full Article...]

Arvedi "perde" l'Ilva: la proprietà alla cordata ArcelorMittal-Marcegaglia

Arvedi La decisione dei commissari straordinari di Ilva deve essere ancora comunicata al ministero dello Sviluppo Economico , ha detto la fonte. Ottimo è stato il lavoro dei Commissari e va dato merito alla lungimiranza e tenacia del Governo nel contrastare le illusorie prospettive indicate dai detrattori del sito tarantino unite alle rigidità giuridiche delle Procure che, più di una volta, hanno rapp... [Full Article...]

Pakistan economy crosses $300 billion mark, for the first time

Pakistan economy crosses $300 billion mark, for the first time Mr Dar said it was rather a matter for celebration that the country's growth rate had broken the 3-4pc barrier after a long time and was now moving towards 6pc growth trajectory. It managed to meet a 3.8 percent budget deficit target with the actual deficit registering at 3.7 percent, the report said. The minister said that during the nine months of the current fiscal year, Rs1,017.5 billion exp... [Full Article...]

Battered oil claws back losses after OPEC deal falls short of expectations

Battered oil claws back losses after OPEC deal falls short of expectations She said there's uncertainty about what will happen next year with some non-OPEC countries turning on the taps again, which could increase oil inventories and drive prices back down. While stubbornly high global inventories have taken longer than expected to drain, signs that United States stockpiles are easing from a record had added to the optimism. [Full Article...]

OPEC and other nations set to extend output cuts

Oil prices fell on Thursday as OPEC prepared to extend limits to production by nine months to March 2018 in an attempt to drain a glut that has depressed markets for nearly three years. Ann-Louise Hittle, vice president at energy consultancy Wood Mackenzie said that the "decision in Vienna sends a signal of continued support for oil prices from OPEC which helps US onshore drillers make ... [Full Article...]

Moody's downgrades China's credit rating

Just over a year ago, Moody's lowered China's credit-rating outlook from stable to negative because of rising debt, falling currency reserves and uncertainty over the government's ability to carry out reforms. The stable outlook reflects Moody's assessment that, at the A1 rating level, risks are balanced. The downgrade is likely to increase - if only modestly - the cost of borrowing for Beiji... [Full Article...]


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