Markets

Moody's downgrades China's credit rating citing concerns over its growing debt

Hours after Moody's downgraded the rating for China, it also cut the rating of 26 Chinese enterprises that are backed by the government and inevitably Hong Kong also had its sovereign rating downgraded to double-A2 from double-A1. Moody's said financial ties between Hong Kong and the mainland were becoming deeper through platforms such as the Shanghai-Hong Kong stock connect scheme, the Shenzhe... [Full Article...]

China will continue with climate pact even if US pulls out

China will continue with climate pact even if US pulls out At the summit, German Chancellor Angela Merkel told reporters the climate debate was "controversial" and that the leaders of the other G7 nations - France, Japan, Canada , Britain and Italy - all urged Trump to remain a part of the 2015 agreement. [Full Article...]

Trump planning to pull US out of Paris climate deal

Three officials said they expected him to withdraw from the agreement , though they said that decision could still change. Juncker says European leaders tried to explain the process for withdrawing from the global agreement to Trump "in clear, simple sentences" during meetings last week. [Full Article...]

Trump plans to pull U.S. from Paris climate deal

Trump plans to pull U.S. from Paris climate deal Trump himself tweeted that "I will be announcing my decision on the Paris Accord over the next few days". Speaking in Berlin earlier today in German, President Juncker told a student conference on the future of Europe organized by the German employers' association BDA, that the European Union and United States need to talk on equal terms, and that "If the American President were to say in ... [Full Article...]

White House says Trump expected to pull USA from Paris deal

White House says Trump expected to pull USA from Paris deal Withdrawing would leave the United States aligned only with Russian Federation among the world's industrialized economies in rejecting action to combat climate change . Climate came up later in the trip at the G-7 meeting where the leaders of Japan, Germany, France, Britain, Italy and Canada reaffirmed their commitment to the deal. [Full Article...]

Newark airport reopens after engine fire prompts plane evacuation

Three people suffered minor injuries, according Neal Buccino, spokesman for the Port Authority of NY and New Jersey. United spokesman Jonathan Guerin said the aircraft was notified of the apparent fire by the control tower and one person suffered an ankle injury while evacuating. [Full Article...]

Arun Jaitley plays down demonetisation growth hit

Arun Jaitley plays down demonetisation growth hit And he listed decisive policy making, crackdown on black money and check on corruption by changing government rules as important factors that restored India's economic credibility. In past few weeks, our Armed Forces are dominating the LoC, we have been able to build a lot of pressure. Referring to the challenges, Jaitley noted the issue of bad loans in the banking sector and kick-starting priva... [Full Article...]

Spithill's key role for Americans in cup

Spithill's key role for Americans in cup They were penalised for a scary pre-start collision with SoftBank Team Japan and with visible damage to one hull finished 48 seconds behind the Japanese in the final race of the day. Four-time Olympic champion Ainslie later admitted his team had produced "our best race". The British looked strong in beating Artemis Racing by 11 seconds. [Full Article...]

Trump Pushes Senate To Relax Rules, Speed Up Tax And Healthcare Reforms

Debate over an $11.8 billion, two-year budget plan is underway in the New Hampshire Senate. With 52 Republicans now in the Senate, along with Vice President Mike Pence who can come in and make a tie-breaker vote , this would make passing controversial legislation - like health care reform - a substantially easier feat. [Full Article...]

Pentagon: US shoots down mock warhead over Pacific

Pentagon: US shoots down mock warhead over Pacific It was the first live-fire test event against an ICBM-class target for the defensive system, which is meant to protect Hawaii and the mainland from North Korean missiles. "Our mission becomes more challenging as time goes on as [adversaries] continue to develop increasingly complex threats". Syring said after the test that it "demonstrates that we have a capable, credible deterrent against a ver... [Full Article...]

Goldman Sachs attacked for "strengthening the brutal repression" in Venezuela

Goldman Sachs attacked for There is another reason such bonds are attractive: They tend to come with a government guarantee , and the bondholders who are playing the long game could make significant profit on their investment. Essential foods and medicines in Venezuela are priced at a special low fixed dollar exchange rate. Venezuela's National Assembly voted earlier this week to ask the U.S. [Full Article...]

OPEC Extends Oil Output Cut By 9 Months

The Organization of the Petroleum Exporting Countries ( OPEC)'s decision to extend the cuts from January comes as the world market saw oil increase to $50 a barrel in 2017, which gave fossil fuel producers a reprieve from a almost four year oil glut. [Full Article...]

Ramachandra Guha resigns from BCCI's CoA

Ramachandra Guha resigns from BCCI's CoA The committee had submitted a status report before the court in March stating that not a single reform recommended by the Lodha panel has been implemented by the cricket body. Guha's resignation has come days before the all-important clash between India and Pakistan in the ICC Champions Trophy. Kumble and Kohli are also supposed to meet the CoA soon to discuss the vexed issue of player payment... [Full Article...]

As US threatens withdrawal, Feds still committed to Paris Accord, McKenna says

What is the Paris climate accord? Musk now sits on Trump's economic and manufacturing advisory councils, and defended his choice to remain on the council when challenged for his participation following Trump's immigration bans, which were broadly opposed by Silicon Valley and technology companies, including Tesla . [Full Article...]

Australia Retail Sales Climb 1.0% In April

Australia Retail Sales Climb 1.0% In April Importantly, spending on plant and equipment (which feeds into next week's Q1 GDP) fell by -0.1 percent. According to the ABS, retail turnover rose 1.0 per cent during April following a fall of 0.2 per cent in March 2017. Sales growth in clothing and footwear was an anaemic 0.3 percent while household goods rose 0.4 percent after falling for two straight months. The retail sector accounts for ... [Full Article...]

Oil ETFs And OPEC Meet Again

OPEC's move was greeted by a sell-off. Kazakhstan, Mexico and Azerbaijan are among the larger non-member contributors and the deal, Bahree said , underscores the strength of the relationship between OPEC and other producers. The Organisation of Petroleum Exporting Countries met this week in Vienna to agree to extend an initial six month production curb by a further nine months, into next y... [Full Article...]

Analysts See $0.28 EPS for Lululemon Athletica inc. (LULU)

Analysts See $0.28 EPS for Lululemon Athletica inc. (LULU) Canadian Natl Ry Co now has $59.15B valuation. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Market Capitalization can be thought of as the overall price to buy the company. Yet another important factor while evaluating a good buy/sell decision for Lululemon Athletica Inc. [Full Article...]

Boosts Pagegroup PLC (MPI) Price Target to GBX 412

Bragg Financial, a North Carolina-based fund reported 31,194 shares. Manufacturers Life Ins The reported 0% of its portfolio in Croda International Plc (LON: CRDA ). The stock has "Buy" rating by Stifel Nicolaus on Monday, November 14. The firm has "Buy" rating by Liberum Capital given on Wednesday, August 12. IMI plc has a consensus rating of Hold and an average target price of GBX 1,199.23 ($1... [Full Article...]

Next Weeks Broker Price Targets For Boston Scientific Corporation (NYSE:BSX)

Next Weeks Broker Price Targets For Boston Scientific Corporation (NYSE:BSX) ILLEGAL ACTIVITY WARNING: " Boston Scientific Co ". Boston Scientific Corporation (NYSE: BSX ) kept in active run as it closed at $27.11 by are declining -0.90% with session volume was recorded 3.22 Million. They now have a United States dollars 28 price target on the stock. The company was maintained on Friday, July 29 by Needham. Guggenheim reaffirmed a "buy" rating on shares of Boston Scienti... [Full Article...]

Lebanon calls for 'Wonder Woman' ban because of Israeli actor

She has previously posted support for the Israeli military's operation in the Gaza Strip in the summer of 2014, which aimed to stop Palestinian militant group Hamas firing rockets into Israeli territory and its extensive tunnel network. It has earned Gadot acclaim, as a rare leading female role. Even though previous movies starring Gadot such as Batman v Superman: Dawn of Justice and Furious ... [Full Article...]


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