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Moody's downgrades China's credit rating amid debt and growth fears

The credit rating agency warned that the financial strength of the world's second-biggest economy is likely to deteriorate in the coming years as growth slows and national debt continues climbing. But it's not the first time that global institutions have sounded alarm bells about China's rising debt levels. Beijing rejects ratings agency's assessment, saying it overestimated the risks to the Chinese economy .

Business

British PM May looks 9 seats short of parliament majority - YouGov

An ICM poll for the Guardian on Tuesday showed Labour gaining ground - a trend consistent with other pollsters - but suggested the Tories were still enjoying a healthy advantage. If the election outcome results in a hung parliament, it would be the second time since 1974, and the seventh time since the beginning of the 20th century.

Business

Why can't the Afghan government protect Kabul?

Pakistan today strongly rejected as "baseless" the Afghan allegations that the Taliban-linked militants with the help of Pakistani spy agency ISI carried out the bombing in Kabul that killed at least 90 people. United Nations secretary-general António Guterres expressed his "abhorrence" at the strike. The lights on the Eiffel Tower were switched off on Wednesday night to honour the scores of victims.

Business

General election 2017: Where each party stands on Brexit

The Conservatives were on 42%, down a point from last week , with Labour up three points, the YouGov survey said . The biggest mover in currencies was sterling, which shed as much as 0.5 percent after a YouGov poll showed the ruling Conservative Party might lose 20 of the 330 seats it holds while the opposition Labour Party could gain almost 30 seats.

Business

Standard Chartered PLC (STAN) Earns Sell Rating from Investec

Therefore 90% are positive. A score of nine indicates a high value stock, while a score of one indicates a low value stock. They now have a GBP 340.00p price target on the stock. Envestnet Asset Mngmt owns 111,630 shares for 0.02% of their portfolio. Daiwa Grp Incorporated has invested 0% in Gap Inc (NYSE:GPS). Tower Rech Ltd (Trc) reported 3,071 shares stake.

Business

Federal government offers $867M to help lumber sector weather softwood tariffs

There will also be money earmarked for lumber mills to innovate in the face of competition from the U.S. Most of the aid - up to C$605 million - will be in the form of loans, loan guarantees and commercial financing, it said in a statement.

Business

Theresa May: Back my vision of brighter Brexit future

The claims have been made by Castle Point Labour candidate Joe Cooke, which come as a seat projection by pollster YouGov suggested that the United Kingdom could be heading for a hung parliament, with Labour making gains and Theresa May's Tories suffering losses.

Business

Apple's Siri-powered smart speaker will reportedly debut next month

Apple plans to go after both Amazon Echo and Google Home with its own assistant-enabled speaker. "Even start-up Essential Products that's run by former Google Executive Andy Rubin introduced a home hub speaker device with a unique 5" round display ahead of Apple .

Business

Advance Auto Parts, Inc

Price to Sale ratio of SORL stands at 0.57 while Price to Book Ratio stands at 1.14. About 253 shares traded. As of December 31, 2016, it operated 5,062 total stores and 127 branches primarily under the trade names Advance Auto Parts, Autopart International, Carquest and Worldpac.

Business

Jeremy Corbyn WILL take part in the BBC Election Debate

Seeking to exploit perceived Tory weakness on social care, Mr Corbyn also said 1.5 million older and vulnerable people will not have their social care needs met. Both Rudd and Corbyn said the election presents a "real choice" for voters between two different visions of government, but the politicians struggled to put through clear messages in a disorderly atmosphere.

Business

Wal-Mart employees are making online deliveries on their way home

The firm has a market cap of $239.26 billion, a price-to-earnings ratio of 17.901 and a beta of 0.09. Exane Derivatives owns 0% invested in Wal-Mart Stores Inc (NYSE: WMT ) for 26 shares. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Shares for $868,299 were sold by Gearhart Jeffrey J on Wednesday , May 24.

Business

As industry consolidates, PPG retreats from AkzoNobel bid

Akzo Nobel said in a statement it would pursue a strategy of "accelerating sustainable growth and profitability and creating two focused, high-performing businesses". for $9.3 billion. The fund claimed he was in "flagrant breach" of his duties to investors for rejecting PPG's offers. In April, Akzo presented its case for remaining independent, offering shareholders 1.6 billion euros in extra dividends and detailing plans to sell or float its chemicals subsidiary, which represents a third ...

Business

US auto sales in May likely driven by heavy discounts

About 183,606 shares traded. Express, Inc. (NYSE:EXPR) has declined 53.00% since June 1, 2016 and is downtrending. In other news, insider Bennie W. Fowler sold 92,528 shares of Ford Motor Company stock in a transaction on Thursday, March 2nd.

Business

BlackBerry up nearly 11% after report says it's a likely acquisition target

They now have C$13.50 target price on the stock. A number of other equities research analysts have also recently commented on the stock. Vetr downgraded BlackBerry from a "strong-buy" rating to a "buy" rating and set a $12.19 price target on the stock.in a research note on Monday, May 22nd.

Business

Wenger laments defensive crisis ahead of FA Cup final

But while an appeal against the dismissal was lodged by Arsenal , the FA has announced that the France global will be suspended for three games - the FA Cup final and the first two Premier League matches of next season. Per Mertesacker will fill one of the gaps despite limited game time himself following injury. Sir Alex Ferguson has warned Arsenal fans that a change in management will likely backfire, while praising the character of Arsene Wenger .

Business

General Election: Five key seats to watch in 8 June poll

YouGov's estimate released Tuesday, compiled from an innovative analysis of 50,000 interviews of 7,000 people over seven days, suggested May would lose 20 seats and be stripped of her overall majority in Parliament, with just 310 lawmakers in a hung Parliament, down from 330 before she called the election.

Business

Bevo dons maroon for State of Origin insights

Morgan will back up for the Cowboys against the Titans in Townsville on Saturday after getting through 52 minutes of game time off the bench unscathed, but centre Justin O'Neill is set to miss after leaving the field with concussion. "NSW just didn't give us anything". And he knows that will make Queensland a completely different proposition following an unusually poor display on Wednesday evening.

Business

May could lose parliament majority

May surprised nearly everyone in April when she called the snap election, saying she wanted to strengthen her hand for negotiations with the rest of the European Union about Britain's exit from the bloc. Corbyn, a 68-year-old peace campaigner, has been pulling in big crowds at rallies across the country despite warnings from opponents in his own party that he is leading Labour to the worst defeat in its history.

Business

GlycoMimetics (GLYC) Earning Somewhat Favorable News Coverage, Report Finds

VP Clinical Development, CMO, Thackray Helen M ., sold 4,000 common shares of GlycoMimetics, Inc . It product pipeline includes GMI-170, GMI-1271, E-selectin and CXCR4 antagonist, GMI-1051 and GMI-1070 at different clinical phases. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

Business

S&P and Nasdaq notch record highs after data deluge

The Nasdaq composite dipped 7 points, or 0.1%, to 6,203.19. USA stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.

Business

The Pinnacle Associates Ltd. Raises Stake in Marathon Oil Co. (MRO)

The stock had a trading volume of 11,294,538 shares. Marathon Petroleum Corp's dividend payout ratio (DPR) is presently 65.16%. Among 15 analysts covering Marathon Petroleum Corp ( NYSE:MPC ), 12 have Buy rating, 0 Sell and 3 Hold. This represents a $1.44 annualized dividend and a yield of 2.77%. 7,950 were accumulated by Greatmark Inv Prtnrs. 1,931,438 shares of the company's stock were exchanged.

Business

12 key takeaways from Mary Meeker's 2017 Internet Trends Report

While they spend 34 percent of the time for messaging and social media services. The full presentation, " Internet Trends 2017 ", can be viewed on the Kleiner Web site . In just two quarters (Q4 2016 and Q1 2017) the broadband user base has grown to 277 million, with Jio securing the highest share (39 percent) with 108 million subscribers.

Business

Italy backs Merkel call for stronger Europe in age of Trump

She also suggested in the wake of the Trump visit that Europe's relationship with Washington had shifted significantly and reiterated her position that "we in Europe have to take our fate into our own hands". Merkel was hosting a press conference with Indian Prime Minister Narendra Modi when she was asked whether Germany was looking towards Asia to develop relations, following her comments on Sunday that "Europe could no longer rely on the United States and Britain", reports Efe.

Business

Opposition mocks May's absence from election debate

May called a snap parliamentary election for June 8 - three years early - arguing that a bigger majority for her Conservatives will strengthen Britain's hand in Brexit negotiations with the European Union . Pushed by moderator Mishal Husain to provide costings for Conservative manifesto pledges, Rudd asked voters to "judge us on our record on funding public services", provoking jeers from the audience.

Business

Oil futures climb 1 percent after US stockpile draw

USA crude stockpiles probably fell by 3 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report on Thursday. 1 economy. U.S. drillers have added rigs for 19 straight weeks to reach 722, the highest since April 2015, according to services firm Baker Hughes.

Business

NBA Finals better live up to the hype

The Warriors come into the Finals ranked first in defensive rating (99.1), second in offensive rating (115.8), and first in assists per game (27.8). "I know I've grown as a player just through experience from the last 5 years, but if I don't go out there and execute, none of that matters", Durant said.

Business

UK Election: Poll numbers not good for Theresa May

With all markets and polls indicating a Conservative Party victory on 8 June, political punters may find the best value voting on the 'Size of the Conservative Majority' a critical decree for Theresa May's postponed Brexit negotiations with the European Union .

Business

Sophos Group PLC (SOPH) Insider Sells £510829.20 in Stock

GBX 402.77's average target is 4.43% above currents GBX 385.7 stock price. 01/03/2017 - GKN had its "Overweight" rating reiterated by analysts at JP Morgan Cazenove. Credit Suisse Ag invested in 168,888 shares. Cutler Inv Counsel Ltd holds 0.07% or 4,695 shares. The Company's business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount ...

Business

It's the Eleventh Hour for the Paris Climate Agreement

Oil companies have also voiced support for the agreement. Trump claimed before taking office that climate change was a "hoax" created by the Chinese to hurt the US economy, an assertion that stands in defiance of broad scientific consensus.

Business

President Donald Trump likely to withdraw U.S. from Paris climate accord

The meetings inside the West Wing had been contentious, sources told CNN, as aides expressed their deep grievances over the climate agreement that President Barack Obama helped broker with every country except Syria and Nicaragua. And even then, the US must give a year's notice. Trump was hit by multiple global officials when the news broke. But surveys show the majority of Americans want to stay in the accord, solar jobs are booming and USA entrepreneurs such as Elon Musk are ...

Business

(JPM) Position Boosted by S&CO Inc

Motorola Solutions Inc now has $13.78B valuation. About 9,060 shares traded. ( NYSE :JPM) are making a strong comeback as they have jumped 44% since bottoming out at $57.05 on Jun. (NYSE:JPM) for 2.16 million shares. 594,991 are owned by Axa. The Firefly Value Partners Lp holds 4,905 shares with $423,000 value, down from 310,000 last quarter.

Business

Warburton unfazed by Lions rugby schedule

This tour, however, the Lions asked for games exclusively against the professional Super Rugby teams to prepare for the three-test series and a match against the Maori All Blacks - which is shaping as an unofficial fourth test . "So we've got a big squad of top-quality players who can deal with that fixture list". "If we can win some hearts and minds off the field and play some good rugby then we're going to end up with a cracking tour".

Business

Activist Probing Ivanka Shoe Supplier Detained In China

The men - Hua Haifeng, Li Zhao and Su Heng - were working with the U.S. non-profit organisation China Labor Watch to publish a report next month alleging low pay, excessive overtime and possible misuse of student labour. A spokeswoman for Marc Fisher Footwear, which manufactures Ivanka Trump shoes, said the firm was unaware of the allegations and would look into them immediately.

Business

Britain may be heading for hung Parliament

Theresa May called the snap election in a bid to strengthen her hand in Brexit negotiations, to win more time to deal with the impact of the divorce and to strengthen her grip on the Conservative Party. "Once the Conservative lead falls below 7 points we are potentially in the world of a hung parliament", said John Curtice, a leading psephologist who is president of the British Polling Council .

Business

LS Investment Advisors LLC Has $250000 Position in Nabors Industries Ltd. (NBR)

Institutional investors have recently modified their holdings of the stock. Coconut Grove Bank boosted its stake in shares of Nabors Industries by 47.1% in the first quarter. Nabors Industries's revenue was up 30.7% on a year-over-year basis. They expect $-0.32 EPS, down 23.08% or $0.06 from last year's $-0.26 per share. On average, equities analysts forecast that Nabors Industries Ltd.


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