Business

Author: 0 Moody's downgrade China's credit rating amid fears of slowing economic growth

S&P and Fitch have also revised their ratings, placing China's foreign and local currency long term debt at AA- with a negative outlook, and A+ with a stable outlook, respectively. Fundamentally, the question boils down to how well China can cope with its existing debt burden which is estimated to be 2.6 times the nation's GDP.

Author: 0 Will the weather ruin the Memorial Day weekend?

Temperatures right along the ocean will be in the low to mid 60s but look for low to mid 70s as you move farther inland towards Aberdeen and Hoquiam. TODAY .Mostly cloudy with a 50 percent chance of showers and thunderstorms. The next storm from the Ohio Valley will be knocking on the door with the likelihood of a return of wet weather on Sunday and into Monday .

Business ITC Q4 net profit up 12% to Rs 2669.47 crore
Author: 0 ITC Q4 net profit up 12% to Rs 2669.47 crore

ITC's net sales during the period under review were up 6.15 per cent at Rs 15,008.82 crore, as against Rs 14,138.78 crore for the corresponding quarter last fiscal. ITC, India's biggest cigarette maker, said revenue from cigarettes rose about 8 percent to Rs 8,955 crore. The company's cigarette and other FMCG products reported revenue of Rs 11,840 crore for the quarter, compared with Rs 11,256.24 crore-revenue in the year-ago quarter.

Business Oil rises after dip on disappointing OPEC meeting outcome
Author: 0 Oil rises after dip on disappointing OPEC meeting outcome

Also attending the OPEC meeting, Iran's oil minister, Bijan Zanganeh, said his country is signing contracts with European and Asian oil companies, but not American companies who are limited by the United States administration. Brent crude oil futures plunged 2.50 dollar or 4.63 percent to close at USD 51.46 a barrel at NYMEX. Experts believe this is because the meeting was expected to extend cuts to 12 months and thus the outcome was worse than the market had anticipated.

Author: 0 What We Know About The Suspect In The Manchester Arena Bombing

The BBC reported yesterday that British police investigating the attack had temporarily stopped sharing information with the U.S. after the leaks. "Was assured they would stop". From the day we started putting the Dangerous Woman Tour together, I said that this show, more than anything else, was meant to be a safe space for my fans.

Business US growth in Q1 revised up to 1.2 pct. but still weak
Author: 0 US growth in Q1 revised up to 1.2 pct. but still weak

Net of inventories, the two-quarter GDP growth rate is running below 2% a year. The U.S. economy is expected to recovery to 2.5 percent growth in the June quarter and is likely to expand around 2 percent for the whole of 2017, added Barclays.

Author: 0 Trump budget chief: Medicaid cuts won't affect anyone now on program

Berkowitz was especially critical of Budget Director Mick Mulvaney , a former 5th District representative of SC, for calling Trump's budget a "taxpayer first budget". Bush failed to come anywhere close to doing so. -Planned Parenthood: The budget would prohibit any funding for certain entities that provide abortions , including Planned Parenthood.

Business Memorial Day Weekend Gas Prices
Author: 0 Memorial Day Weekend Gas Prices

The average price of $2.09 is almost 3 cents less than this time a year ago, according to AAA, in which data is collected from credit card swipes and direct feeds from 120,000 gas stations nationwide, in cooperation with OPIS and Wright Express.

Business Rising US output holding back Opec's efforts to cut global supply
Author: 0 Rising US output holding back Opec's efforts to cut global supply

The US shale oil industry has seen a marked recovery since February previous year due to the rebound in oil prices . On Thursday in Vienna OPEC and key producers pledged to extend a cut of around 1.8 million barrels per day (bpd) of output until the end of the first quarter of 2018.

Author: 0 Supreme Court strikes down NC districts

Representing homogenous districts of like-minded constituents, members of Congress have no incentive for compromise - or for anything other than tearing down the other party. "It is a logical response to the hard problem of distinguishing between racial and political motivations when race and political party preference closely correlate", Alito wrote , noting there was "strong evidence" that the map was drawn to "maximize Republican opportunities".

Business Barrick Gold Corp (ABX) Rating Reiterated by Royal Bank of Canada
Author: 0 Barrick Gold Corp (ABX) Rating Reiterated by Royal Bank of Canada

Barrick Gold Corp's revenue for the quarter was up 3.3% on a year-over-year basis. The stock rose 1.10% or $0.18 reaching $16.47 per share. About 7,100 shares traded. Symphony Asset Ltd Liability has invested 0.25% in Sun Communities Inc (NYSE:SUI). However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.21%.

Business Troops pull out of Brazil capital; president under pressure
Author: 0 Troops pull out of Brazil capital; president under pressure

Protests against Brazilian president Michel Temer turned violent this week, with demonstrators setting fire to government ministries and clashing with overwhelmed police forces, leading the embattled president to approve a decree allowing troops to assist police.

Author: 0 South Korea military suspects object crossing border was North Korean balloon

The most immediate impact would be on South Korea , potentially within zero to six minutes; followed by Tokyo , which could be hit in 10-11 minutes. In a statement on Monday, it agreed to " take further significant measures including sanctions " to force North Korea to end its "highly destabilising behaviour".

Business Halliburton Company (HAL) PT Set at $65.00 by BMO Capital Markets
Author: 0 Halliburton Company (HAL) PT Set at $65.00 by BMO Capital Markets

FTB Advisors Inc. now owns 2,430 shares of the oilfield services company's stock valued at $116,000 after buying an additional 582 shares during the last quarter. Shareholders of record on Wednesday, June 7th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 5th.

Author: 0 UN condemns North Korea missile launch, vows new sanctions

U.S. Secretary of State Rex Tillerson called the ongoing testing "disappointing" and "disturbing". The fresh North Korean test was again carried out in violation of UN Security Council (UNSC) resolutions. Local media had speculated the object was a North Korean military drone. But South Korea is seeking to cast doubt on that claim. Japan's U.N. Ambassador Koro Bessho told reporters afterward that " North Korea is acting in triumphant and emboldened manner by this most recent launch, ...

Author: 0 Korea calls S. Korea's border firing reckless provocation

China's United Nations ambassador said Tuesday that multiple North Korean nuclear and ballistic missile tests , with no end in sight, show the "very strong" need for new talks with Pyongyang to reduce tensions and try to achieve denuclearization.

Business Fed minutes weigh on dollar, euro resumes climb
Author: 0 Fed minutes weigh on dollar, euro resumes climb

The gap between two- and 10-year yields narrowed after Wednesday's release of minutes from the Fed's latest meeting, which shed some light on plans to unwind the stash of debt. "The BoJ [Bank of Japan] and the ECB [European Central Bank] are the ones with the long-standing structural weaknesses and there are bigger fears about the risk of a taper tantrum", said Chris Scicluna, head of economic research at Daiwa Capital Markets.

Author: 0 Reiterates "Neutral" Rating for Circassia Pharmaceuticals PLC (CIR)

Berendsen Plc had 60 analyst reports since August 3, 2015 according to SRatingsIntel. The company was initiated on Friday, November 13 by Davy Research. The firm earned "Neutral" rating on Monday, June 27 by JP Morgan. The company was maintained on Friday, September 25 by RBC Capital Markets. The stock of Shaftesbury plc (LON:SHB) has "Hold" rating given on Wednesday, February 24 by HSBC.

Business Mobile Digits Service Launches Next Week
Author: 0 Mobile Digits Service Launches Next Week

Within the app, you select which number you want to use, and then you can manage your communications from there. More than 30 million Americans carry multiple phones , according to T-Mobile's data, but Digits allows them to carry one phone that can support both numbers and pull double duty.

Business Boeing, DARPA to collaborate on experimental spaceplane
Author: 0 Boeing, DARPA to collaborate on experimental spaceplane

The unmanned Experimental Spaceplane (XS-1) can lift a payload into orbit and return to Earth to land on a runway. Sponable expressed his satisfaction over the progress made by Boeing through Phase 1 of the XS-1 program and have funded progressions to Phase 2 and Phase 3.

Business S&P 500 hits record high after upbeat retail results
Author: 0 S&P 500 hits record high after upbeat retail results

Sears SHLD .O was up about 14 percent after posting its first quarterly profit in almost two years. The reports follow mixed results this reporting period from other retailers, some of which continue to be hurt by competition from Amazon .com AMZN.O .

Author: 0 Schroders plc (SDR) Given Average Rating of "Hold" by Brokerages

Haitong Securities has "Neutral" rating and GBX 391 target. Its up 0.46% from 10.39M shares previously. Paragon Associates And Paragon Associates Ii Joint Venture owns 1.47M shares for 5.29% of their portfolio. As per Thursday, March 9, the company rating was maintained by Berenberg. BMO Capital Markets maintained Cairn Energy PLC (LON:CNE) on Friday, September 18 with "Market Perform" rating.

Business NZ rocket launch successful
Author: 0 NZ rocket launch successful

The launch, carried out at a objective built site on the Mahia Peninsula on New Zealand's North Island, also makes NZ only the 11th country to successfully launch a rocket into space. New Zealand's weather is notoriously changeable, and on Wednesday, the rocket was about to lift off when some disagreeable weather swept in at T-12 minutes, halting the mission .