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Asian shares flat as UK vote, ECB meeting loom

Crude prices sank more than five percent Wednesday after data showed an unexpected rise in United States stockpiles, including gasoline, a particularly troubling sign for demand as the country's summer driving season kicks in. The stock climbed $1.53 to $11.06. Duluth Holdings slumped 18.6 percent after the clothing and tools supplier reported disappointing earnings. The stock slid $3.56 to $17.01.

Business

How Many Barclays PLC (LON:BARC)'s Analysts Are Bearish?

The company declined -0.17% and closed its last trading session at $34.94. Ascential PLC (LON:ASCL) has 0.00% since June 9, 2016 and is. It has underperformed by 22.30% the S&P500. The Company's subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. $202,321 worth of Anglo American plc (LON:AAL) shares were sold by PARKER W DOUGLAS.

Business

Trump calls ex-FBI director Comey a 'leaker' after testimony

Former FBI director James Comey may have done more damage to Attorney General Jeff Sessions on Thursday than even President Trump , whom Comey publicly accused of waving him off part of the Russian Federation investigation. "We're under siege ... but we will come out bigger and better and stronger than ever", he said. "Those were lies, plain and simple ". Special Counsel Robert Mueller has been appointed to do this, but the scope of his role, and especially whether it includes ...

Business

Meagre industrial output points to further slowdown

Compared with the same month previous year, industrial output was down 0.8%, missing market expectations of slight growth. Stronger energy production and factory output failed to make up for the sluggish manufacturing figures, which also missed forecasts and were flat year on year.

Business

AMD launches Radeon Pro 500 graphics cards for iMac

There are two Thunderbolt 3 ports included now to help users expand their system with different external devices. The most important change to the iMac comes in the GPU department though. With thin and light designs, powerful performance, wonderful displays and all-day battery life, Mac notebooks deliver the world's best portable computing experience.* MacBook now features faster Kaby Lake processors up to 1.3 GHz Core i7 with Turbo Boost up to 3.6 GHz and up to 50 percent faster SSD, ...

Business

Are Analysts Bullish Newfield Exploration Co

Pennsylvania Trust Co acquired 2,560 shares as Unitedhealth Group Inc (UNH)'s stock rose 9.50%. The stock witnessed -17.17% declines, -14.8% declines and -36.66% declines for the 1-month, 3-month and 6-month period, respectively. 01/17/2017 - Newfield Exploration Company was upgraded to "buy" by analysts at Jefferies. The firm has "Buy" rating by Wunderlich given on Wednesday, April 27.

Business

Southwest monsoon hits coastal Karnataka, to cover entire state in two days

Climate change expert Ram Kumar said,"Monsoon has arrived on time this year". The normal onset of the monsoon spells good news for farmers in Maharashtra and Goa. A strong current pushed the northern limit of monsoon (NLM), which lay in Karwar on Wednesday, towards Goa and beyond. Delayed by a week, the southwest monsoon has hit coastal and south interior Karnataka and is expected to cover the entire state in two days, the India Meteorological Centre - Bengaluru said on Thursday.

Business

Euro zone growth revised up to highest rate in two years

The news chimed with a leaked draft forecast reported on by Bloomberg ahead of the policy-setting meeting, which said the European Central Bank was preparing to cut its inflation outlook after projecting lower consumer price growth at 1.5% across 2017, 2018 and 2019.

Business

May jobs report: 4 things to know

The manufacturing sector lost 1,000 jobs in May, breaking a five-month streak of factory job growth. The construction sector added just 5,000 jobs in April and 1,000 jobs in March. Bureau of Labor Statistics has something for everyone: Good indicators, bad indicators, and a near-historic low in overall unemployment. The civilian labor force participation rate was 62.7%, a 0.2% decrease from April.

Business

Europe in focus as ECB keeps rates on hold and Britain votes

The ECB dropped a reference to further interest rate cuts, while repeating it expects rates to remain at record lows for an extended period and well beyond its asset purchase program. On Thursday, the bank left its bond purchase stimulus unchanged at 60 billion euros ($67 billion) per month through at least the end of the year and longer if necessary.

Business

The Coca-Cola Co (KO) Position Decreased by Private Trust Co. NA

FMR LLC now owns 68,883,459 shares of the company's stock worth $2,923,414,000 after buying an additional 1,667,696 shares in the last quarter. Several hedge funds have recently made changes to their positions in the stock. Investors of record on Monday, May 22nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.25%.

Business

Brazil Court to Decide on 2014 Case That Could Remove President Temer

Temer has promised to appeal if found guilty by the electoral court. His administration is being threatened by an electoral court trial starting on Tuesday over the alleged use of illicit money to fund former President Dilma Rousseff's 2014 election campaign.

Business

Egypt accuses Qatar of paying ransom to 'terrorist group'

The step comes only days after Saudi Arabia , Egypt , the United Arab Emirates and Bahrain caused a rupture in the Middle East by severing all ties and isolating Qatar , one of Turkey's strongest allies in the region, accusing the small and rich Gulf monarchy of supporting terror groups and attacking it because of its relationship with Iran.

Business

UK Labour Party ready to form minority government: Spokesman

The Prime Minister called the controversial poll in a bid to strengthen her hand in parliment ahead of crunch Brexit negotiations with Brussells. When May called the election seven weeks ago, she was seeking to capitalize on opinion polls showing that her Conservatives had a wide lead over the opposition Labour Party .

Business

Comey says he was fired over Russia probe, blasts 'lies'

While Comey claimed that he leaked his memos in reply to a tweet , a statement by Trump's lawyer claimed the New York Times quoted the contents of Comey's memos long before the time frame of the referenced tweet. In a statement delivered through his personal lawyer , the U.S. president said that he had never "in form or substance, directed or suggested that Mr Comey stop investigating anyone", including former national security adviser Michael Flynn .

Business

CCTV reveals the moment police shot London Bridge terrorists

Several of his neighbours said he used to invite male friends over for barbecues and used to frequent a neighbourhood gymnasium and swimming pool. "He is thought to have been skateboarding in a park when he stopped to defend a woman who had been injured in the attack near Borough Market ".

Business

Either Trump or Comey is lying. Who might it be?

Flynn. He said her tarmac meeting with former president Bill Clinton had prompted Comey to offer his findings publicly, and he said she had urged him to call what the FBI was doing a "matter" rather than an "investigation". Comey: I don't think I can talk about that in open setting either. And indeed it did. Trump's personal lawyer made Comey's secret gambit a central piece of his defense of the president against the fired lawman's testimony.

Business

What Made Arab League Sever Ties with Qatar

After severance of diplomatic ties earlier this week , the United Arab Emirates ( UAE ) has made a decision to ban any form of sympathy with the tiny Gulf State of Qatar , threatening sympathizers with jail terms of up to 15 years and an AED 500 thousand fine.

Business

Macron criticizes Russian media for "attempted meddling" in French election

The talks were intense at times, but Putin said Franco-Russian ties withstood "all points of friction" during the meeting. The claim has been denied by Russia Today editor Margarita Simonyan, who said that Mr Macron's denouncing of news he did not agree with would set a "dangerous precedent that threatens both freedom of speech and journalism at large".

Business

European Central Bank holds; Draghi remarks eyed

Though making some modest linguistic changes, the central bank's announcement kept important wording that its bond-buying stimulus program could be stepped up if the economic outlook worsens. ANALYST TAKE: 2We know Draghi wishes to remain accommodative, yet given that he sees the risks as being more external than internal, it is clear that soon enough he will have to set out the timeline for withdrawing stimulus.

Business

Comey says circumstances in firing him is confusing

In response to questions from senators, Comey repeatedly cast Trump as a boss or "patron" trying to secure his loyalty, something that Comey said made him "uneasy". John Cornyn said he could "understand the president's frustration" that the FBI director had refused to tell the American people that Trump was not personally under investigation.

Business

London terrorist on bail at time of attack

A security source said Butt was well known to Scotland Yard as a "player" in al-Muhajiroun, adding he was the subject of frequent police attention and was "on bail until quite recently, possibly at the time of the attack" for minor offences.

Business

Ways to Play the Crude Oil Carnage

United States benchmark futures have slid more than 11 per cent in ten days of trading. Libya and Nigeria's combined January-May average output of 2.312 million barrels per day is now 101,000 barrels per day higher than their October levels, the benchmark month against which the rest of OPEC members' cuts are determined, according to the S&P Global Platts survey.

Business

German Industrial Production Growth Tops Expectations

Manufacturing grew 0.8 percent compared with the previous month, adjusting for seasonal effects, federal statistics authority Destatis said. The growth figures for April was pumped up by 5.7% expansion in energy production and 0.1% boost from producer goods manufacturers.

Business

Asian shares drift lower as United Kingdom vote, European Central Bank meeting loom

The dollar index stood at 96.695 .DXY =USD , near Wednesday's seven-month low of 96.511. The Australian dollar bounced from an earlier dip to last trade at US$0.7490, little changed on the day, after the Reserve Bank of Australia kept interest rates at a record low of 1.5%, as expected, while their economic assessment was not as bearish as some had braced for.

Business

India's Infosys shares fall on media report of stake sale by founders

Infosys on Friday denied several media reports that the founders of India's second biggest software services exporter were looking to sell their 12.75 stakes in the company. Any stake sale is most likely to take place through stock market block deals, and in tranches, the report added. When contacted for a statement, Nandan Nilekani said, "I do not comment on Infosys".

Business

'50/50 chance' of Theresa May resigning after election

MUFG currency strategist Lee Hardman said: "The market wants more clarity now in terms of who is going to be Prime Minister, what form the government is going to take and ultimately how all that feeds through into upcoming Brexit negotiations ".

Business

Natura Cosmeticos unexpected victor of Body Shop bidding war

For much of that period, the 3,000-store business struggled to contend with tough competition, leading L'Oreal to announce in February that it was exploring its options. Natura fought off a number of other bidders for The Body Group, including private equity group CVC and China's Fosun. Founded in 1969 in São Paulo by Luiz Seabra, who remains the company's biggest shareholder, Natura is the largest Brazilian cosmetics company.

Business

British police confirm 8th person killed in London Bridge attack

The Metropolitan Police says the body was found Tuesday downstream from the bridge. British police on Tuesday (June 6) searched a house in Ilford, east London believed to be linked to one of the London Bridge attackers. The Times newspaper also said it had obtained footage of the men laughing and joking five days before the attack as they met outside the Ummah Fitness Centre, a gym in east London where Butt trained.

Business

British Airways travelers face third day of delays, cancellations

Speaking to the BBC , Cruz said the power surge "only lasted a few minutes", but the back-up system had failed. CEO Alex Cruz apologized to customers and promised that a majority of affected passengers would reach their destinations by Monday.

Business

Westpac Banking Corp Cuts Stake in Federal Realty Investment Trust (FRT)

Delta Asset Lc Tn owns 5,025 shares. After $0.40 actual EPS reported by Acadia Realty Trust for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth. Walleye Trading has invested 0% of its portfolio in Physicians Realty Trust (NYSE:DOC). Macquarie Group Inc accumulated 25,700 shares or 0% of the stock.

Business

Technical Levels Under The Lens For Mid-America Apartment Communities Inc (MAA)

The ATR basically measures the volatility of a stock on a day-to-day basis. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions. In general, if the level goes above -20, the stock may be considered to be overbought.

Business

Pound dives as UK plunges into new period of uncertainty

At the time of writing the EUR GBP exchange rate was trending around 0.87 and the GBP EUR exchange rate was trending around 1.13. A statue of former British Prime Minister Winston Churchill silhouettes in front of the Houses of Parliament the day after Britain's national elections in London, Friday, June 9, 2017 .

Business

United Kingdom election puts Brexit talks in doubt

Labour had won 261 seats. Reuters calculations based on partial election results showed May could no longer win an outright majority, leaving Britain with a " hung parliament ". They can traditionally rely on the support of Northern Ireland's Democratic Unionist Party , which holds 10 seats. A minister texts to say the Tory party is an "absolute monarchy, ruled by regicide and that's the territory we are in".

Business

UK Exit Poll Suggests PM May's Election Gamble Has Backfired

Pundits had expected the UKIP vote to go strongly to the Conservatives . "Corbyn ran a way better campaign, he got to more places and got more people to come out to his rallies", said Labour supporter Alisa Hall outside the London building where Corbyn's votes were counted.


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