Markets


Crowds cheer as first Chinese-made passenger plane makes maiden flight
- May 18, 2017

With the flight, the official Xinhua News Agency said China had become "one of the world's top makers of jumbo aircraft", the fourth large jet producer after the US, Europe and Russian Federation. Within only 10 days, China has successively launched its first home-made aircraft carrier and large passenger plane, showing its determination to implement "Made in China 2025", a plan to transform China from a manufacturing giant into a world manufacturing power. (more...)
Oil extends gains as USA crude stocks fall for 5th straight week
- May 18, 2017

As a result, global benchmark Brent crude was up $1.24, or 2.5% at $49.97 USA a barrel mid-morning Wednesday. Both Brent and U.S. light crude futures contracts closed on Tuesday at their second lowest levels since November 29, the day before Opec agreed to cut production during the first half of 2017. (more...)
Modi meets Palestine President Modi meets Palestine President
- May 18, 2017

India today said it is committed to be a useful development partner of Palestine and expressed unwavering support of the Palestinian cause. USA officials planning the trip reportedly rejected an offer by Israeli Prime Minister Benjamin Netanyahu to accompany Trump, saying Monday that the Western Wall was in the West Bank. (more...)
Ford to cut 1400 jobs in North America, Asia
- May 18, 2017

Lowering costs and being leaner and as efficient as possible, remains part of that focus, said the automaker in a prepared statement. The company issued a statement saying it is focused on reducing costs and improving efficiency, but said it has not announced any job cuts and won't comment on speculation. (more...)
Unity on Brexit, as Parliament calls for reform of the EU Unity on Brexit, as Parliament calls for reform of the EU
- May 18, 2017

Varoufakis is right when he says about negotiating with the EU, 'It is a technocracy that is desperately clinging onto its own exorbitant and illegitimate power , '" he said. The European Council chief also emphasised that any future trade agreement must have safeguards. The UK must be aware any free-trade agreement will have to ensure a level playing field. (more...)
Target's breezes past expectations in the first quarter Target's breezes past expectations in the first quarter
- May 18, 2017

The brokerage now has a $77.00 price target on the retailer's stock, up from their prior price target of $72.00. In contrast, WMT's 52 week high hovers at $76.78 with its current distance from 52 week high value is -2.18%. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail. (more...)
Ryan Says No Rush To Judgment On Comey Firing
- May 18, 2017

Multiple sources who have worked closely with Comey, including within the Justice Department, say the former director is known for his contemporaneous and thorough notetaking. The fresh controversy will increase pressure on Mr. Comey to testify before Congress, which could expose the President to new vulnerabilities. Acting FBI Director Andrew McCabe told Congress last week the investigation is "highly significant" and said Comey's dismissal would do nothing to impede the probe. (more...)
Greek Services Halted As Workers Stage General Strike
- May 18, 2017

According to The Independent , ferry service within Greece has been hardest hit by the strike , with all passenger ferries across Greece likely to remain in ports until Friday. Lawmakers plan to vote on a new bill which includes further pension cuts, higher taxation and lower tax exceptions, in order to conclude the second review of its bailout program. (more...)
VanCantfort: Magical thinking on GOP health care bill
- May 17, 2017

The American Health Care Act makes no changes to Medicaid until 2020. Warren said the House bill would knock millions of people off of health care coverage, raise costs for people over 50 and working families, and open the door to discrimination against people with pre-existing conditions, women and people with mental health conditions - all to help deliver what she described as "a tax break for a handful of millionaires and billionaires". (more...)
Labour spending plans to create £58bn hole in public finances, claim Tories
- May 17, 2017

While many of Labour's policies are popular - among them, renationalizing some rail, energy and utility companies - the party faces hard questions about how it plans to fulfill its pledges without large increases in taxes and government borrowing. (more...)
Turkish President's Security Beats Protestors in Washington DC Turkish President's Security Beats Protestors in Washington DC
- May 17, 2017

Two arrests were made during the disturbance on Tuesday which, according to witnesses, saw the Turkish president's security detail attack demonstrators carrying the flag of the Kurdish PYD party outside the residence. "It's one thing for there to be this kind of violence in Turkey, that's a bad thing". One woman interviewed by local television claimed she was put in a headlock by a member of Erdogan's security detail. (more...)
Trump says 'no politician in history…has been treated worse' Trump says 'no politician in history…has been treated worse'
- May 17, 2017

President Donald Trump is telling graduates of the U.S. Coast Guard Academy that no other politician has been treated more unfairly by the media. Nevertheless, Trump , during his remarks Wednesday, defiantly warned cadets that "over the course of your life, you will find that things are not always fair" and "that things will happen to you that you don't always deserve", before pivoting to bragging about his own self-proclaimed accomplishments. (more...)
Corp (FNB) Share Price
- May 17, 2017

Credit Suisse AG now owns 326,206 shares of the bank's stock worth $4,850,000 after buying an additional 14,379 shares during the last quarter. DA Davidson also issued estimates for F.N.B. During the twelve month it added 17.34% and year to date performance of -8.29%. Axa has invested 0% in F.N.B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.23. (more...)
Global Cyberattack WannaCry Continues to Spread
- May 17, 2017

The attack began in the afternoon of Friday, May 12. The software first infected Britain's National Health Service ( NHS ) before spreading to as many as 150 countries. Affected companies and individuals worked over the weekend trying to recover from the virus attack. WannaCry uses NSA's EternalBlue exploit to leverage the MS17-10 vulnerability. (more...)
Putin offers to give Congress notes of Trump's meeting
- May 17, 2017

Democrats badgered Republicans to stand up to the president, and demanded access to the transcripts of Trump's meeting last week with two Russian diplomats. He says there is "clearly a lot of politics being played". Comey reportedly wrote a memo about that conversation immediately after it happened, as part of a "paper trail" he created to document "what he perceived as the president's improper efforts to influence a continuing investigation", the newspaper said. (more...)
Oil Prices Near Five-Month Low, Moving Further Below $50 Oil Prices Near Five-Month Low, Moving Further Below $50
- May 17, 2017

Rosneft PJSC, Russia's largest oil producer, said first-quarter profit climbed 8.3 percent as the effect of higher crude prices was offset by a stronger ruble and production cuts. -Economists forecast the US added 190,000 jobs last month as the government reports hiring data at 8:30 a.m.in NY. "The energy complex is slowly succumbing to an opinion that this year's OPEC production cuts have been ineffective", Jim Ritterbusch, president of Chicago-based energy advisory firm Ritterbusch & ... (more...)
Nestle loses United Kingdom appeal to trademark Kit Kat's four-fingered shape Nestle loses United Kingdom appeal to trademark Kit Kat's four-fingered shape
- May 17, 2017

The Court of Appeal said the KitKat shape alone - without branding - had failed to gain distinctiveness to be registered as a shape mark. In December, Nestle lost an appeal to the European Union's General Court in Luxembourg over the issue. (more...)
The Global Hacker Attack Is Expected To Hit Countries Again Today
- May 17, 2017

The attackers are believed to have used tools developed by the National Security Agency that were leaked to the public by the hacker group The Shadow Brokers in April to exploit a vulnerability in Microsoft Windows, the world's most popular operating system. (more...)
Oil prices continue their advance as focus shifts to API supply report
- May 17, 2017

OPEC members agreed in November to cut output by 1.2 million barrels a day, and several non-members, including Russian Federation, agreed in December to contribute a combined 600,000 barrels a day of reductions. Public Investment Bank Bhd maintained an "overweight" call on the oil and gas sector, supported by the balancing of oil prices, which would stabilise at the current US$50 per barrel levels and for a prolonged period. (more...)
Boston Celtics win the NBA Draft Lottery
- May 17, 2017

They have never moved up in the lottery. The only players now on the Pelicans roster that were added to the team through the draft are forwards Anthony Davis (2012 first-round pick) and Cheick Diallo (2016 second-round pick). The Celtics had a 25 percent chance of coming away with the first pick, and their victory proves that sometimes, odds do matter. They open the Eastern Conference finals at home on Wednesday against Cleveland. (more...)

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