Markets


Sensex soars past 30000, rupee gains
- May 03, 2017

Stocks saw frenzied buying, in line with global shares, which have been on a high after the first round victory of centrist Emmanuel Macron in French presidential elections. United States markets rallied on Monday as concerns over France's potential exit from the euro currency bloc eased. It settled 111.34 points, or 0.37 percent, down at 29,918.40, reflecting weakness on the first session of the new derivatives series as fewer bets were rolled over. (more...)
President Trump's reliance on executive orders
- May 02, 2017

According to the poll, Trump's approval rating among his supporters is at 93 percent. Democratic activists have been out in force at recent congressional town hall forums, pressing Republicans about their support for Trump. They also don't like what they see on Twitter; 73 percent called the president's use of the social media platform "inappropriate". Almost 70% of young people, regardless of political ideology, said Trump's tweeting is "not appropriate" and expressed reservations about ... (more...)
Saudi Aramco takes over largest United States oil refinery
- May 02, 2017

Shell and Aramco formed a joint venture in 1998 called Motiva Enterprise, which had a refining operation with a 50-50 share basis since 2002. The Texas refinery processes about 600,000 barrels of oil per day. The Kingdom exported an average of 1.1 million barrels per day of crude to the U.S. last year, coming second only behind Canada that exported an average of 3.3 million barrels a day of crude to its southern neighbor, according to data from U.S. (more...)
Trump to unveil tax cut he says could be biggest ever
- May 02, 2017

Trump also signed an executive order Friday for Mnuchin to review new tax regulations imposed previous year to see if they are cost-effective or fall outside of the department's authority. He said: "Such a big thing". Trump's announcement that the tax plan would be released as early as Wednesday reportedly came as a surprise to people in the administration. (more...)
Community Health posts quarterly loss, hurt by charge
- May 02, 2017

A number of other brokerages also recently commented on CYH . Community Health Systems (NYSE:CYH) shows upbeat performance surged during the previous trading session. Currently, Community Health has an average volume of 4.13M. If you are viewing this report on another publication, it was stolen and republished in violation of US and global trademark & copyright laws. (more...)
Paul Pogba will miss the Manchester derby, confirms Mourinho
- May 02, 2017

A morale-boosting victory would be timely for City, but Guardiola appreciates he has his work cut out against old foe Mourinho and an English contingent at United he rates highly. But ahead of the Manchester derby at the Etihad Stadium, he has revealed he was close to joining Pep Guardiola's team. "We think he is in fabulous hands and he has to recover from the injury and prepare himself mentally for the next step". (more...)
Trump pledges fealty to NRA gun lobby Trump pledges fealty to NRA gun lobby
- May 02, 2017

Trump also turned to his own election, riffing for a few minutes toward the beginning of his speech as he recounted winning 306 electoral votes. At Friday's speech , Trump stressed their love of shooting. NRA officials preceded Trump to the stage in Atlanta, defending their president and denouncing his Democratic critics. One of the biggest rounds of applause came when Trump assured the crowd that his record on guns will not be like his predecessors. (more...)
Brooks Macdonald Group plc (BRK) Earns Brooks Macdonald Group plc (BRK) Earns "Buy" Rating from N+1 Singer
- May 02, 2017

It has a 13.18 P/E ratio. It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. (more...)
Fed set to leave interest rates unchanged, may hint at June hike Fed set to leave interest rates unchanged, may hint at June hike
- May 02, 2017

The Reserve Bank of Australia (RBA) will hold its monthly policy meeting on Tuesday and is considered certain to hold rates at a record low 1.5 per cent following two cuts a year ago. With price pressures subsiding, inflation-adjusted consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.3 per cent in March, ending two straight months of decline. (more...)
Senate Confirms Alexander Acosta to Labor Department, First Hispanic in Trump Cabinet
- May 02, 2017

Acosta is also the first Hispanic member of Trump's cabinet. Acosta, a former USA state's attorney and dean of Florida International University College of Law, is the last Trump cabinet member to be confirmed. Puzder led the Hardee's and Carl's Jr. burger chains and was a sharp critic of a $15 minimum wage and more generous overtime rules. A rule finalized by the Labor Department a year ago would more than double the income threshold that determines which workers should be eligible for ... (more...)
Striking Factory Workers Give Cold Reception to Macron After Le Pen's Visit
- May 02, 2017

He reached the second round of the presidential election in 2002, but was crushed in the runoff by Jacques Chirac. The victory of Emmanuel Macron , who founded his political party only a year ago, will face ultra-right wing Marine Le Pen in the final run-off. (more...)
Things You Need to Know About Fox News Cutting Bill O'Reilly Things You Need to Know About Fox News Cutting Bill O'Reilly
- May 02, 2017

For the past 15 years, he hosted the most-watched cable news program and served as the face of Fox News since the network's launch in 1996. Wednesday on CNBC's "Power Lunch", Washington Post columnist George Will reacted to the news of Bill O'Reilly, host of Fox News Channel's flagship program "The O'Reilly Factor", would be parting ways with Fox News amid allegations of sexual harassment. (more...)
Pakistan beat out India in latest T20 rankings Pakistan beat out India in latest T20 rankings
- May 02, 2017

India, meanwhile, have gained five points and replace New Zealand in third place with the Black Caps dropping to fourth . Pakistan have a nine-point lead over West Indies in the updated ICC ODI rankings, in their race to qualify directly for the 2019 World Cup in England. (more...)
United Airlines settles with bloodied passenger, overhauls policies United Airlines settles with bloodied passenger, overhauls policies
- May 02, 2017

According to one of Dao's lawyers, his client suffered a broken nose and concussion, and lost two teeth. "Both Dr. Dao and I applaud United for promptly addressing the many issues that have plagued passenger satisfaction in the arena of airline customer service", Dao's attorney, Thomas Demetrio, said in a statement on Thursday. (more...)
France's Macron gets rough ride in Le Pen country France's Macron gets rough ride in Le Pen country
- May 02, 2017

Relief that the doomsday scene rio of far left Melenchon vs far right Le Pen failed to materialise. And yet he too ran as an anti-establishment candidate, without the support of any major political party. Le Pen's father, Jean-Marie Le Pen, founded the National Front in 1972. She has said during the current campaign that she would ban the wearing of kippot in public in France in order to facilitate a ban on Muslim clothes. (more...)
FCC Chief Begins Rollback Of 'Net Neutrality' Regulations
- May 02, 2017

But regulators, consumer advocates and internet companies were concerned about what broadband companies could do with their power as the pathway to the internet — blocking or slowing down apps that rival their own services, for example. Smaller startups generally have an easier time defending stricter net-neutrality rules, since they are less likely, hypothetically speaking, to benefit from systems that allow ISPs to give some services preferential treatment. (more...)
United to offer up to $US10k to surrender seats United to offer up to $US10k to surrender seats
- May 02, 2017

Demetrio said the 69-year-old suffered a "significant concussion", a broken nose and lost two front teeth. One of Dao's lawyers, Thomas A. Demetrion told the newspaper that United's CEO Oscar Munoz kept his promise to do the right thing. (more...)
Uber wants to test its flying taxis by 2020
- May 02, 2017

Uber first announced its plan for flying cars a year ago with a "on demand aviation" service called Uber Elevate . Aurora Flight Sciences , Pipistrel Aircraft , Embraer , Mooney and Bell Helicopter are the aircraft manufacturers working with Uber. (more...)
Surprise Build In Gasoline Inventories Shocks Oil Markets
- May 02, 2017

At a time when the Organisation of Petroleum Exporting Countries ( OPEC ) and other producing nations have been trying to cut output, government drilling data showed United States shale production next month was set to rise to 5.19 million barrels per day (bpd). (more...)
Rising oil prices and cost cutting help BP return to profit Rising oil prices and cost cutting help BP return to profit
- May 02, 2017

As of 09:17 BST, BP's share price had added 2.47 percent to 453.42p, outperforming the broader London market, with the benchmark FTSE 100 index now 0.65 percent better off at 7,250.62 points. This aided BP's revenue from its core oil and gas production division. Prices are down 9.6pc this year as global supplies remain high despite the Organisation of Petroleum Exporting Countries and some other nations including Russian Federation cutting production. (more...)

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