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S&P downgrades S. Africa to junk status

All of this in the wake of President Jacob Zuma's decision to fire his highly-respected finance minister, Pravin Gordhan. On the same day as the S&P announcement, new finance minister Malusi Gigaba sounded convinced South Africa would not be downgraded.

Business

Truck, SUV sales keep rising as vehicle sales continue to slide

Honda's sales also were off, by 2 per cent. Nissan reported a gain of just over 3 per cent. Therefore 48% are positive. Image source: Ford Motor Company . Afam owns 154,288 shares or 0.81% of their USA portfolio. Deliveries of the Toyota Camry and Honda Accord, longtime leaders in the mid-size sedan segment, dropped 3.6 percent and 12 percent, respectively.

Business

Musk mocks short sellers as Tesla's value passes Ford

It's just $2.4 billion away from surpassing General Motors' (GM) market cap of $51.1 billion. To put this in perspective, Tesla sold just over 76,000 cars in 2016, whereas Ford sold 6.7 million cars in the same year. Correction: This story has been revised to correct the date of Tesla's previous all time high. The Silicon Valley vehicle maker in the past has missed production targets and its newest figures allayed fears of setbacks ahead of the hotly-awaited launch of its Model 3 ...

Business

South Korean women arrive in North Korea for football match

North Korea will be allowed to travel to South Korea for the 2018 Pyeongchang Winter Olympics if it wishes to take part, Seoul's Unification Ministry said on Monday. South Korean Navy's 4,500-ton Kang Gam Chan destroyer and a Lynx helicopter are taking part in the drills along with the Washington's USS McCampbell, a destroyer armed with the Aegis ballistic missile defense system, an MH-60 anti-submarine chopper and a P-3 Orion patrol plane.

Business

Crude oil futures plunge 0.97 percent on weak overseas trend

Futures lost as much as 1.6% in NY after gaining 0.6% last week. OPEC will extend the deal if stockpiles are still above their five-year average, Saudi Arabia Energy Minister Khalid Al-Falih said in an interview with Bloomberg Television last week.

Business

Scottish First Minister Nicola Sturgeon visits California

But he insisted Edinburgh would have to apply for European Union membership, suggesting it would face a wait to re-join. "The people of Scotland must have the right to choose our own future", Sturgeon, leader of the ruling Scottish National Party, said in the letter.

Business

RBA leaves cash rate unchanged at 1.5%

Australian regulators announced measures over the past week to restrain lending to speculative property investors in a bid to cool the sizzling market and tighten lending standards. It also noted that "most measures of business confidence are at, or above, average and non-mining business investment has risen over the past year", as was the case in March.

Business

Verizon to take 'Oath' as new company to run Yahoo, AOL

Verizon , which owns AOL and is buying the sputtering, untrustworthy mess that Yahoo has become, clearly saw the need for some branding that connotes trust. " #TakeTheOath . Summer 2017", Armstrong wrote on Twitter. A report by Recode , meanwhile, claims that Yahoo CEO Marissa Mayer will not be a part of Oath once it is formed.

Business

Will Treat Kejriwal Like One of my Poor Clients: Ram Jethmalani

Jaitley had filed the case in December 2015 and had sought Rs 10 crores from Kejriwal in damages, along with penal action for maligning his public image. "Even now if govt (Delhi) doesn't pay or he can't pay will appear for free, will treat him (Kejriwal) as one of my poor clients", Jethmalani said. However, Delhi government's law department said the bills could not be cleared without L-G's nod.

Business

Australia bolsters checks for Middle East flights

Last month, the USA and the United Kingdom announced a temporary ban on certain nonstop US-bound flights from bringing laptops, iPads, cameras and some other electronics in carry-on luggage. Etihad is also offering unlimited wifi to business and first-class passengers. The International Air Transport Association (IATA) has slammed the electronics ban, with its director general and chief executive Alexandre de Juniac saying it was "difficult to understand their effectiveness".

Business

Uber's Self-Driving Cars Return To Roads After Accident

Ducey's spokesman says a driver monitoring the self-driving vehicle is all the regulation that's needed. Uber's SUVs have been tooling around Phoenix and Tempe for more than three months, and police in both cities said they knew of no accidents before Friday.

Business

Idea approves merger with Voda

Earlier today Vodafone announced it had agreed terms with Idea Cellular over a $23bn merger, a move that will create the largest mobile operator in the country. Idea is set to include all of its assets including its standalone towers and its 11.15% stake in Indus Towers, with a total value of $10.8 billion excluding the Indus stake.

Business

New Rs 200 note coming soon, RBI to introduce new security features

According to it, the decision to introduce new Rs 200 denomination notes was taken in March. Soon after Prime Minister, Narendra Modi announced demonetisation of Rs 500 and Rs 1000 notes, new currency notes of Rs 500 and Rs 2000 were rolled out in November 2016.

Business

Stocks end 1Q with solid gains after day of listless trading

Since the start of the year, the S&P 500 is up 5.7 per cent, its best quarterly performance since 2015. Meanwhile, the Nasdaq Composite jumped 16.80 points, or 0.3%, to end at a record 5,914.34. Seven of the 11 major S&P sectors were higher, with the energy index's 0.51 percent rise leading the advancers. DOUBLE DEAL: FMC has agreed to buy part of DuPont's crop protection business, while DuPont has agreed to buy FMC's health and nutrition unit.

Business

Aircel-Maxis deal: 'We are investigating Chidambaram', CBI informs SC

The SC had in February asked BJP leader Subramanian Swamy to bring concrete evidence backing his plea for probe into the role of then Finance Minister P Chidambaram into the alleged breach of norms committed by the FIPB in approving the Aircel-Maxis deal in 2006.

Business

Idea shares tank almost 10%; mcap dips by Rs 3692 cr

It will have revenue of Rs81,600 crore and an operating profit of Rs24,400 crore. The deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea an enterprise value of Rs 72,200 crore. "Idea is strong where Vodafone is weaker and Vodafone is strong where Idea is weaker", Colao pointed out. The scheme of amalgamation includes Vodafone India (VIL) and its wholly-owned subsidiary Vodafone Mobile Services (VMSL) merging with the new company.

Business

Yahoo and AOL to merge into new company Oath

What do you think of the Oath name for the merged version of Yahoo and AOL? Oath will encompass AOL, which Verizon owns, and the parts of Yahoo the USA carrier is buying for several billion dollars, including its search and mail properties.

Business

Trump's rollback of coal rules electrifies Wyoming workers

In short, the change would make it harder to justify action to reduce greenhouse-gas emissions. The government's renewed embrace of coal also appears to be at odds with Australian voters. Commerce Secretary Wilbur Ross, in an interview on CNN's " State of the Union ", said the National Oceanic and Atmospheric Administration, which comes under the Commerce Department's jurisdiction, would not be directed to stop its collection of data on climate change.

Business

Former Trump aide Manafort offers to talk to committee in Russian Federation probe

Manafort has extended same offer to the Senate Intelligence Committee, according to a Senate source. While he would not be administered the oath that accompanies formal testimony, federal law requires that he tell the truth in any communication with Congress.

Business

Ecuador's runoff both candidates claim victory

With more than 97 percent of voting acts counted, Moreno garnered 51 percent of the vote while conservative banker Guillermo Lasso stood at just under 49 percent. Lasso had vowed that if elected, he would "cordially invite" Assange to vacate the embassy within 30 days. The majority of voters also said they were hungry for change amid ongoing corruption allegations related to bribes that Brazilian construction giant Odebrecht paid to officials in Correa's government and a $12 million ...

Business

Panera Shares Are Jumping on a Report That It's Considering a Sale

As of 2:58 p.m., shares of Panera were up 7.9 percent to $282.45. The Company is a national bakery-cafe concept. An anonymous source told Bloomberg that potential suitors could include JAB Holding Co ., Starbucks Corp., and Domino's Pizza, adding that there was no certainty any deal would be struck.

Business

Democrats Have The Votes To Filibuster Gorsuch And Force 'Nuclear' Senate Showdown

But that Democratic success was virtually certain to be a short-lived political victory, as Republicans vowed to change Senate rules to put Gorsuch on the court and score a much-needed win for their party. Sen. "I think that he's a good man, he's lived a good life, he's certainly qualified, and I hope that we can advance him for an up-or-down vote on the Senate floor", Flake said.

Business

3 airliners in near-misses with drones at London's Heathrow

They also noted that the "blue and disc-like" craft appeared to be custom-made, rather than a commercially available model. The A320 incident was one of three near-misses involving planes near Heathrow. In November, they launched a website to publish a revised code of conduct, labelled the Drone Code. Police officers were alerted at the time but they did not find the operator of the drone.

Business

US Congress makes move to repeal data privacy laws

Several thousand voters in Florida's 18th Congressional District will receive robocalls this week from the Democratic Congressional Campaign Committee questioning Republican freshman Brian Mast's vote to repeal FCC privacy rules . "This will allow the Internet carriers to spy on their customers and sell their data". Republicans and industry officials complained that the browsing and app history restrictions would have unfairly burdened internet providers, since other companies such as ...

Business

Leftist Moreno heading to dispute win in Ecuador election

Ruling party candidate Lenin Moreno was declared the victor of Ecuador's presidential runoff today, delivering a major setback to a recent right-ward surge in Latin American politics and providing continuity to President Rafael Correa's " Citizens' Revolution ".

Business

Carbon Monoxide At Hotel Pool Suspected In Michigan Death

First responders rushed to a Quality Inn and Suites in Niles, Michigan, after children were found unconscious poolside due to carbon-monoxide poisoning. The carbon monoxide monitor used revealed that the levels were 16 times the safety limit at 800 parts per million. Wise told WNDU this incident was one of the worst he's seen in his 30-year career.

Business

Union Pacific is Safest US Railroad Second Year in a Row

Bouchey Finance Grp Incorporated has 0.32% invested in Union Pacific Corporation (NYSE:UNP) for 7,400 shares. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator's stock valued at $114,000 after buying an additional 55 shares during the last quarter.

Business

Analyst Overview: BlackBerry Limited (NASDAQ:BBRY)

The stock had a trading volume of 13,520,566 shares. M Holdings Securities Inc.'s holdings in BlackBerry were worth $138,000 as of its most recent filing with the SEC. The company now has a Return on Equity (ROE) of -55.60% and a Return on Investment (ROI) of -3.30%. The Stock now has a Weekly Volatility of 3.25% and Monthly Volatility of 2.47%.

Business

States sue over delay of energy efficiency rules under Trump

In response to the delays, Schneiderman and the coalition of attorneys general filed a lawsuit against the Department of Energy seeking a court order requiring that the standards on ceiling fan efficiency go into effect immediately. The Obama administration issued a similar directive in 2009. The new standards for walk-in coolers and freezers, power supplies, portable air conditioners, commercial boilers and compressors have been publicly posted by Energy for error-correction review - a ...

Business

St Petersburg Blast: At least 9 Killed, 50 Injured

A second, unexploded device was found at a different metro stop. Viktor Ozerov, a member of the defense and security committee of the upper house of the Russian parliament, told the Interfax news agency that the attack had "all the characteristics of a terrorist attack".

Business

Eskom calls on South Africa to switch off for Earth Hour

Earth Hour, an global campaign that spreads the awareness of environmental issues, celebrated its 10th anniversary this year. Abella said the Filipino people's observance of the event signifies that the Philippines is "an Earth Hour hero country".

Business

Tornado kills 2 in Louisiana as state put on 'high alert'

There also was flooding and wind damage in central MS, with water rescues in the Vicksburg area, Lamb said. Street flooding was still a problem in some communities. Two residents of Breaux Bridge, including a three-year-old girl, have died after a tornado made landfall on Sunday. "Some areas have already seen over 5 inches (13 cm) with these severe storms (Sunday) in Louisiana, and the storms are slow moving".

Business

NUPENG to commence indefinite strike on April 3

Representatives of the National Association of Transport Owners (NARTO), the employers of the drivers were also present at the meeting. The tanker drivers commenced an indefinite strike on Monday. "I am happy to announce that the honourable minister of state for petroleum resources, Dr. Ibe Kachikwu, has given his approval to increase the bridging allowance from N6.20 to N7.20".

Business

Trump hits golf course with Sen. Rand Paul

Trump in recent days has also expressed a desire to revisit repealing and replacing ObamaCare, one of his major campaign promises. Congressional Republicans are divided on significant issues, especially a new tax on imports embraced by House Speaker Paul Ryan.

Business

Arkansas hires Neighbors away from Washington

I even tried football, but I knew that wasn't going to work out for me. Neighbors replaces UA alum and former men's Razorbacks basketball walk-on Jimmy Dykes, who without benefit of previous head coaching experience and without ever previously coaching women's basketball, piloted Arkansas the past three seasons.


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