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Business

Russian Federation squares up to Boeing, Airbus with maiden jet flight

The Irkut MC-21 is created to compete with the most popular airliners in the world, the single-aisle Boeing 737 and Airbus A320. Russia's entry into the most fiercely-contested area of the commercial airliner market, the single-aisle sector dominated by Airbus and Boeing, made its first flight May 28.

Business

Pakistan team is able to beat India in Champions Trophy

He is a brilliant batsman but he has failed against me. And that hurt me personally as I felt I wasn't able to contribute for the team. Pakistan have played only three ODIs against the West Indies in the interim. India are in Group B along with South Africa and Sri Lanka and start their campaign with a mouth-watering clash against fierce rivals Pakistan at Edgbaston, Birmingham, on June 4.

Business

Reliance Comms shares, bonds plunge as losses, debt woes mount

Amid the ongoing tariff wars in the telecom sector, Anil Ambani-owned Reliance Communications may be in a tough spot as it has defaulted on its loan servicing obligations with more than 10 local banks, reports The Economic Times . RCom said it is expects lender approvals in a few months for the planned merger of its wireless business with that of smaller rival Aircel, and for the sale of a majority stake in its towers business to Canada's Brookfield (BAMa.TO) for 110 billion rupees.

Business

Antonio Conte's cup curse continues after Chelsea loses FA Cup final

The FA Cup triumph made Wenger the competition's most successful manager, bringing the season to a joyous close for the 67-year-old. Arsenal's Olivier Giroud celebrates with the trophy surrounded by jorous teammates after the Gunners beat Chelsea 2-1 in the FA Cup .

Business

Man Group Plc (EMG) Stock Rating Reaffirmed by Shore Capital

The firm has "Hold" rating given on Friday, August 28 by Deutsche Bank. Investors sentiment decreased to 0.88 in Q4 2016. About 1.22 million shares traded. Meggitt plc has a 12 month low of GBX 361.80 and a 12 month high of GBX 499.00. They now have a GBP 75.00p price target on the stock. Experian PLC had 143 analyst reports since July 23, 2015 according to SRatingsIntel.

Business

Ford To Slash Up To 20000 Jobs Worldwide

But Ford and other US automakers also have been under pressure from President Donald Trump to create U.S.jobs. Interestingly, while the management has been put under extreme pressure to improve the profitability and stem the continued decline in the stock price, the company insiders mostly sold shares over the past year.

Business

Is filmmaker's Cannes callback an award omen?

The story centers on a man who is overseeing a new art installation called The Square , a sanctuary where anyone entering it is supposed to abide by humanitarian values - but things quickly go awry. He fake-cried and said in halting French, "merci beaucoup madames et monsieurs". In accepting the prize, she acknowledged anyone who, like her character, "has survived an act of terrorism and who is trying to pick up the pieces and go on living after having lost everything".

Business

Vornado Realty Trust (NYSE:VNO) Dividend Darling With Upside Potential

About 342,205 shares traded. Shares of Physicians Realty Trust ( NYSE:DOC ) opened at 20.25 on Friday. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Digital Realty Trust during the first quarter valued at $213,000.

Business

BA aims to resume most flights after IT crash chaos

British Airways has said that they are trying to operate "a near normal schedule of flights from Gatwick and the majority of our Heathrow services" on Sunday (28 May) after all flights from the two major airports were cancelled on Saturday due to a major technical glitch.

Business

Sri lanka Flood: Death toll rises to 150

Sri Lanka has appealed for global assistance in the wake of the disaster. The state-run disaster management centre said 91 people were still missing after the worst torrential rains since 2003. In Galle, a city in the southwest that was badly hit by the 2004 tsunami, aerial footage showed enormous areas of flooding, with residents standing knee deep and rescuers distributing aid packages.

Business

Angry BA passengers still face long lines, cancellations

Terminals at Heathrow and Gatwick became jammed with angry passengers, with confused BA staff unable to help as they had no access to their computers, according to passengers interviewed by Reuters . British Airways has suffered other IT glitches recently, leading to severe delays for passengers in July and September previous year. "I know this has been a frightful time for customers", Cruz said.

Business

IIL posts 49% growth in net profit in 2016-17

Net profit was Rs 2,079 crore in the quarter ended March 31, compared with Rs 2,793 crore a year earlier, the company said on Monday. Net profit last fiscal stood at Rs 39 crore, it said in a statement. Total expenses of the company during the period under review rose to Rs 17,458.01 crore from 15,080.16 crore reported past year. The gross power generation of the company was up at 250.31 billion units (BUs) in 2016-17 compared to 241.97 (BUs).

Business

Brokerages Set Key Energy Services, Inc

While for the next 5 years, the growth estimate is -29%. 10/26/2016 - Superior Energy Services, Inc. had its "outperform" rating reiterated by analysts at Cowen. TRADEMARK VIOLATION NOTICE: "Superior Energy Services, Inc". The firm's 50-day moving average is $22.89 and its 200 day moving average is $24.96. The company's a year ago sales total was 356.27 Million.

Business

BA travelers face third day of delays, cancellations

On Saturday night travellers spent the night sleeping on yoga mats spread on terminal floors after BA cancelled all flights leaving the London hubs, while disruption continued into Sunday with dozens more services from Heathrow axed. Passengers scheduled to travel on flights on Monday have been told they can get a refund for their ticket, even if is scheduled to run, as have those expecting to get short-haul flights on Tuesday.

Business

OPEC, Non-OPEC oil producers extend oil output cut by 9 months

Non-Opec oil producers led by Russian Federation agreed yesterday to join Opec (Organisation of Petroleum Exporting Countries) in extending production cuts for nine months until March 2018, delegates said. Other analysts, including at Goldman Sachs and Jefferies bank said a normalization of oil inventories would occur in early 2018. Analysts also said that the OPEC-led production cuts would support a further rise in USA output.

Business

Analyst's Indicator Review for SLM Corporation (SLM), Philip Morris International Inc. (PM)

The company has market cap of $84.56 million. Trustmark Bancorp Department invested in 26,539 shares or 0.32% of the stock. About 859,832 shares traded. Therefore 46% are positive. Societe Generale upgraded Philip Morris International Inc. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%.

Business

Detroit Tigers earn split with Chicago White Sox in doubleheader

The Tigers offense didn't do much to back him, though that was a almost impossible task on this day. Chicago White Sox's starting pitcher Tyler Danish delivers during the first inning of a baseball game against the Detroit Tigers Saturday, May 27, 2017, in Chicago.

Business

Guyasuta Investment Advisors Inc. Maintains Position in Twenty-First Century Fox Inc (FOXA)

Equities research analysts anticipate that Twenty-First Century Fox Inc will post $1.94 earnings per share for the current fiscal year. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.06.

Business

OPEC oil cut extension renews Asia's crude supply worries

Last week, oil futures settled higher on Friday, rebounding from the prior session's near 5%-drop as traders continued to digest the latest extension of production cuts from OPEC and some non-OPEC members. Total volume traded was about 15% below the 100-day average. Prices rose 90 cents to close at US$49.80 on Friday. Likewise, the oil for delivery in current month gained Rs 38 or 1.20 per cent to Rs 3,216 per barrel.

Business

Rogic's injury time victor secures Scottish Cup, treble for Celtic

Patrick Roberts struck the post as the Hoops searched for a second goal just after the hour mark and they got the victor they fought so hard for in the first minute of added time as first-half substitute Tom Rogic took the ball through the penalty box and slotted past the diving Joe Lewis .

Business

England slump to 20-6 in five overs against South Africa

It is expected he will have a second round of scans - probably on Tuesday - to establish the cause of pain in his left knee, after initial checks proved inconclusive but indicated no recurrence of the injury which required surgery 12 months ago.

Business

Computer outage delays British Airways flight from

Around one quarter of Sunday's flights set to depart from London's major hub before 4.00 pm (1500 GMT) were cancelled as the airline battled to contain the "knock-on disruption" to schedules , with aircraft and crews out of position around the world.

Business

Heathrow chaos as BA scrambles to recover from IT crash

British Airways said it hopes to resume most flights out of London's major airports on Sunday after a computer systems failure caused chaos for thousands of passengers on a busy holiday weekend. Others said their luggage had been lost. Additionally, the airline has canceled some short-haul flights. A BA spokesman said: "We are extremely sorry for the huge disruption caused to customers throughout Saturday and understand how frustrating their experiences will have been".

Business

Emmanuel Macron reveals handshake tactic: to crush Trump into submission

Macron told a Sunday newspaper in France that " my handshake with him, it wasn't innocent ". "It's not the alpha and the omega of politics, but a moment of truth ", CNN quoted the French President as saying in the interview . Mr Macron walks down the path heading straight towards Mr Trump, but at the last moment swerves to greet Ms Merkel, the head of the Western military bloc, and other leaders.

Business

Guardiola promises improvement after first English season

Even if Arsenal and Liverpool win their games and City lose, City could still finish fourth due to City having a goal difference of plus 36 and Arsenal's at plus 31. Furthermore, Stefano Okaka could start in this game after coming off the bench to score at Stamford Bridge. He will have spent this season assessing his players, improving the ones he wants to keep, and laying the groundwork for replacing the ones he will cast aside.

Business

Vitec Group plc (VTC) PT Raised to GBX 1100 at Peel Hunt

James's Place plc in a report on Thursday, May 4th. The rating was maintained by Canaccord Genuity on Thursday, November 26 with "Buy". This was released in a research report on Friday morning. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock.

Business

BA, Iberia travelers face 3rd day of delays, cancellations

The GMB union has claimed the problems were down to BA cutting "hundreds of dedicated and loyal" IT staff and contracting the work out to India to save money. On Monday a Heathrow Airport spokeswoman said: 'Following a worldwide IT system issue, there continues to be some disruption to British Airways flights from Heathrow.

Business

British Airways finally resumes flights after chaotic IT outage

BA operates hundreds of flights from Heathrow and Gatwick on a typical day - and both are major hubs for worldwide travel. If your flight departed the European Union or was with a European airline, you might have rights under EU law to claim if the delay or cancellation was within the airline's control.

Business

Nifty crosses the psychological 9600 mark on Monday

Shares of realty firm DLF tumbled almost 8 per cent in Monday's trade as the company saw some near-term disruptions on account of GST implementation. Domestic institutional investors (DIIs) have been supporting the ongoing rally by pumping in sizeable capital. The stock hit a 52-week low of Rs 19.70 during the session, before closing down 20.54 percent at Rs 20.50.

Business

Greece Fails to Reach a Deal Over Fresh Bailout Funds

While having the IMF on board has repeatedly been mentioned by euro-area governments as a condition for additional funds, officials were less explicit on the point after Monday's meeting, signaling that Greece may receive the next tranche of euro-area funds without having the Fund fully on board.

Business

OPEC extends output cut deal to March next year

As a effect Brent crude has largely sat around the $50 per barrel mark in recent months, with the price at around $54 on Thursday morning ahead of the Opec meeting in the Austrian capital. Oil prices have been subjected to high volatility and net losses after hitting further resistance on approach to the $51.80 p/b area. OPEC oil ministers discussed the developments on Thursday in Vienna , Austria.

Business

Trump administration confirms renegotiation of NAFTA

NAFTA is an global trade agreement between the US, Mexico and Canada, and has been in place since 1994. The senators noted that NAFTA has led to "tremendous growth" in USA trade with Mexico and Canada, and that it has "integrated cross-border supply chains that benefit US employers, and more than tripled US exports of goods , including agricultural and manufactured goods, and services".

Business

Oil falls as U.S. drilling undermines drive to tighten markets

Brent crude futures were trading down 15c, or 0.3%, at $52 a barrel at 2.53am GMT. Last week, OPEC producers and 11 participating non-OPEC countries including Russian Federation formally ratified the agreement first drafted last November to cut supplies by 1.76 million barrels per day.

Business

NKorean missile launch may be testing rivals, not technology

The US Pacific Command said it tracked what appeared to be a short-range ballistic missile for six minutes and assessed it did not pose a threat to North America. "The North should stop all provocations immediately and move toward the denuclearisation path as quickly as possible". April 30: Trump calls North Korean leader Kim Jong Un "a pretty smart cookie" in a USA television interview for being able to hold onto power after taking over at a young age.

Business

In the face of sanctions threat, North Korea 'Test-fires' another missile

Two days later, South Korean troops fired warning shots at an "unidentified object" that flew across the heavily fortified border with North Korea , the South Korean military said. "It is a severe threat to the peace and stability of not only the Korean Peninsula, but also the worldwide community", a statement from South Korea's Ministry of Foreign Affairs said.


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