Markets

BHP CEO Said to Plan Meeting With Elliott After New Oil Demand

BHP CEO Said to Plan Meeting With Elliott After New Oil Demand These include further cost cuts to support a 10% increase in its value and a US$5bn investment in latent capacity across the portfolio, which Mackenzie said could add more than 20% to current production at an average return of 75%. Were a serious bid to emerge - and the assets could be attractive for an oil major like BP or Exxon - BHP chief Andrew Mackenzie would have a tough job rebuffing it... [Full Article...]

Moody's downgrades China, warns of fading financial strength as debt mounts

The country's finance ministry claimed the credit rating agency used "inappropriate methodology" in its decision to lower long-term local and foreign currency issuer ratings from "Aa3" to "A1". The Chinese government is facing the hard balancing act of trying to rein in the country's high levels of corporate debt while keeping the world's second largest economy growing at a steady clip. [Full Article...]

Republican Gianforte Wins Montana House Seat, Apologizes After Assault Charge

Gianforte, who is seen as the slight favorite in a race that ends Thursday, left what was supposed to be a final campaign rally, at his Bozeman headquarters, without making remarks. Quist blamed a botched gallbladder strategy when confronted with a series of attacks that he had unpaid property taxes and debts. Ultimately though the state's GOP character carried Gianforte to victory despite hea... [Full Article...]

Unity, consensus is solution against terrorism: Iranian President

The Iranian leader, who was recently re-elected to serve a second term, also slammed a multibillion-dollar arms deal signed between the U.S. and Saudi Arabia during the visit, arguing that this would not solve the problem either. It is a view USA leader Donald Trump does not seem to share in his country's dealings with the Shiite Muslim nation, confrontation appearing to be his preferred appro... [Full Article...]

Barclays PLC's (BARC) "Outperform" Rating Reaffirmed at Credit Suisse Group AG

On Thursday, December 15 the stock rating was maintained by Liberum Capital with "Buy". 03/08/2016 - Rightmove had its "Neutral" rating reiterated by analysts at JP Morgan Cazenove. The stock has "Hold" rating by Societe Generale on Thursday, April 21. It is positive, as 49 investors sold MSFT shares while 897 reduced holdings. Shares for $4.77 million were sold by FURMAN WILLIAM A . [Full Article...]

Bovis Homes Group plc (BVS) Upgraded to "Buy" at Jefferies Group LLC

Destination Wealth Management increased Vodafone Group Plc New (VOD) stake by 16.92% reported in 2016Q4 SEC filing. It also upped Aerie Pharmaceuticals Inc (NASDAQ:AERI) stake by 500,000 shares and now owns 1.84 million shares. About easyJet plc easyJet plc is a United Kingdom-based low-priced airline carrier. The stock's market capitalization is GBX 310.88 million. The Company's divisions include... [Full Article...]

Hack, fake story expose real tensions between Qatar, Gulf states

Qatar will track down and prosecute the perpetrators, the statement said . KSA and UAE media outlets also considered that Doha devoted all its capabilities to be the voice of the militant groups, describing the Qatari step as a disaster. [Full Article...]

Entertainment, cable, DTH to attract lower taxes under GST

Entertainment, cable, DTH to attract lower taxes under GST The GST Council has decided on product-wise tax rates for GST, which would be implemented nationwide from July 1. Circus, theatre and organising cultural & folk programs will have a GST rate of 18%. Highlighting the positives of the new tax policy Goyal said that the GST is "Self-Regulatory" and it is not possible for someone to evade taxes under the new tax regime. [Full Article...]

Moody's downgrades China's credit rating

The downgrade comes nearly 15 months after Moody's placed China on negative outlook on March 2, 2016. Not great, according to one of the world's top credit rating agencies. "This is like throwing cold water when everyone is optimistic about China's economy". Chinese stocks sank Wednesday after Moody's cut the country's debt rating and other Asian markets rose following Wall Street's advance. [Full Article...]

Eurozone to see strong growth in second quarter

Eurozone to see strong growth in second quarter May 23 Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's economic momentum is being sustained, a survey showed. "Business activity is expanding at its fastest rate for six years so far in the second quarter, consistent with 0.6- 0.7% GDP growth". This has resulted in the country's budget deficit jum... [Full Article...]

Leaked documents from Facebook show types of content it allows

Leaked documents from Facebook show types of content it allows Facebook has commented on the Guardian's report , and laughably argued that it has a lot of users and that there's "always going to be some grey area" regarding what type of content is OK. Not all videos of violent deaths have to be deleted . In the case of images depicting child abuse situations such as bullying, Facebook will only delete the content if there is a sadistic or celebratory ... [Full Article...]

John Wall: John Wall fades in Game 7 loss

John Wall: John Wall fades in Game 7 loss Before this, Olynyk's playoff career-high was just 14 points - the same amount he scored in the fourth quarter alone. Thomas scored 29 points and dished out a playoff career-high 12 assists, while Al Horford had 15 points, six rebounds and five assists, Jae Crowder 14 points and five boards and Marcus Smart 13 points, six rebounds and four assists in the win. [Full Article...]

Move aside Mumbai-Goa double-decker: superfast Tejas coming

Move aside Mumbai-Goa double-decker: superfast Tejas coming The train, which will run between Mumbai and Karmali station, Goa, is scheduled to be inducted into service on May 22. The Mumbai-Madgaon double-decker train service may be facing the axe with the impending introduction of the high-tech Tejas Express on the Mumbai-Goa route. [Full Article...]

Ford CEO Mark Fields Reportedly Left the Company, Sources Name a Replacement

Ford CEO Mark Fields Reportedly Left the Company, Sources Name a Replacement The company source confirmed earlier reports that Mark Fields was to leave Ford , but the firm was yet to comment. Since Fields took over three years ago, Ford shares have dropped almost 40 percent despite a vehicle boom in the United States. [Full Article...]

Mercedes-Benz, Vivint to power solar homes

Mercedes-Benz, Vivint to power solar homes The have a capacity of 2.5kWh and a total of eight can be scaled for a combined capacity of 20kWh. Vivint Solar has partnered with Mercedes-Benz Energy to offer residential solar power systems paired with battery storage. "An energy storage system will allow you to have an electric vehicle and self-produce that electricity for the electric vehicle", von Bormann said in an interview. [Full Article...]

North Korea's New Ferry Service Makes First Trip to Russia

North Korean ferry Man Gyong Bong-92 anchors at the central pier of the Niigata port, 250 kilometres (155 miles) north of Tokyo, 04 September 2003. An estimated 40 passengers boarded the boat for the maiden voyage. North Korea is once again under global pressure over its nuclear weapons programme, after test-firing a ballistic missile on Sunday that landed in the sea near Russia.The United State... [Full Article...]

US likely to expand airline laptop ban to Europe - government officials

US likely to expand airline laptop ban to Europe - government officials Since March, large portable electronic devices like laptops, tablets and e-readers have not been allowed in the cabin on USA -bound flights from eight Muslim majority countries in the middle east and northern Africa. DHS spokesman Dave Lapan told Reuters that department Secretary John Kelly "hasn't made a decision but we continue to evaluate the threat environment and have engaged in discussio... [Full Article...]

Experts question North Korea role in WannaCry cyberattack

Experts question North Korea role in WannaCry cyberattack Computer codes are often shared among different groups, so the matching code isn't definitive proof Lazarus was behind the cyberattack. Both Symantec and Kaspersky said it was too early to tell whether North Korea was involved in the attacks, based on the evidence that was published on Twitter by Google security researcher Neel Mehta. [Full Article...]

Favorable Press Coverage Very Likely to Affect Xerox Corp (XRX) Share Price

Xerox Corp earned a news sentiment score of 0.30 on AlphaOne's scale. For the last quarter, the stock has performed 9.76%. The stock appeared -6.35% below its 52-week highs and is up 1.42% for the last five trades. Shareholders of record on Friday, March 31st were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 3.50%. [Full Article...]

AMD -7.8% premarket amid early reaction to analyst day

AMD -7.8% premarket amid early reaction to analyst day We believe shares of AMD increased 11.65% yesterday vs. the 1.49% of the SOX primarily due to an article in Fudzilla that implies Intel will be licensing AMD's GPU (graphics processing unit) IP. AMD also noted it should grow double-digit y/y topline and get to L-T EPS of $0.75. Comparatively, AMD posted earnings of $-0.04 per share in the same quarter, a year earlier. [Full Article...]


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