Markets


Price Of Oil Is Being Hammered Down By Negative News
- June 17, 2017

The dip in oil prices came on the heels of the projection by the International Energy Agency of an increase in production from non-members of the Organisation of Petroleum Exporting Countries. The watchdog said its first forecast for 2018 made "sobering reading for those producers looking to restrain supply". "Opec 2017 year-to-date exports are only down by 300,000 barrels per day from the October 2016 baseline", analysts at AB Bernstein said. (more...)
Doctor: Scalise improving, came in at 'imminent risk of death'
- June 17, 2017

MedSTAR hospital has not issued an update on Scalise's condition last night when they said he was in critical but stable condition. Interest in the charity baseball game has skyrocketed in the aftermath of the shooting, as staffers and lawmakers look to rally around Scalise and the three others who were shot: a congressional staffer, a lobbyist and a Capitol Police special agent. (more...)
Beaufort Securities Reaffirms "Buy" Rating for United Utilities Group PLC (UU)
- June 17, 2017

Halma plc using EPIC/TICKER code (LON:HLMA) has had its stock rating noted as "Reiterates" with the recommendation being set at "SELL" this morning by analysts at Liberum Capital. Cooper-Standard Holdings Inc.is a holding company. It has a 54.36 P/E ratio. The Firm operates through four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. (more...)
NMC Health (LON:NMC) Analyst Target Changes
- June 17, 2017

Credit Suisse maintained Centrica PLC (LON:CNA) on Tuesday, November 24 with "Outperform" rating. Renewi PLC (LON: RWI ) insider Toby Woolrych acquired 7,869 shares of the stock in a transaction dated Friday, May 26th. 3,690 were reported by Sg Americas Secs Ltd Liability Corporation. Engineers Gate Manager LP stated it has 0.01% of its portfolio in Ruby Tuesday, Inc. (more...)
ICC Champions Trophy: Morgan unbowed as befuddled England fluff their lines ICC Champions Trophy: Morgan unbowed as befuddled England fluff their lines
- June 17, 2017

June. 15 (ANI): Following England's painful ouster from the Champions Trophy at the hands of an aggressively impressive Pakistan , skipper Eoin Morgan was left lamenting a lack of home advantage, asserting that the reused Cardiff pitch led to England being bundled out . (more...)
Greece gets enough to avoid another bailout trauma Greece gets enough to avoid another bailout trauma
- June 17, 2017

While conceding that Greece didn't get everything it wanted, Tsakalotos said the country could now turn the page on its bailout era. The European Union's top economy official says it's time for the Greek people to see the "light at the end of the tunnel of austerity". (more...)
India sets sights on Pakistan clash
- June 17, 2017

He added that nobody else had the "daring or capability" to do it. Shah also assured that PM Modi was making all efforts to transform India into a world power by 2022, when the nation celebrates 75 years of freedom. Ahead of the grand final of the ICC Champions Trophy 2017, former Indian batsman Virender Sehwag has come out in support of Pakistani captain Sarfraz Ahmed . (more...)
Uber CEO takes leave; report recommends serious re evaluation
- June 17, 2017

Among them, Holder said that Uber should "review and reallocate the responsibilities of Travis Kalanick" and search for a chief operating officer who would work closely with the new CEO to improve Uber's corporate culture. According to the report, there was no specified period of time for the leave and immediately after the email was sent Uber also introduced a 13-page recommendation that would impact company procedures. (more...)
Pune Ordnance factory blast: Two workers killed while shifting explosives Pune Ordnance factory blast: Two workers killed while shifting explosives
- June 17, 2017

The explosion occured in one of the magazines where propellant powder is stored before processing at the Ammunition Factory, Khadki (AFK) in Pune . The deceased have been identified as Ashok Dubbal (48) from native of the state and Yash Mariya Oak (50), a Karnataka resident. (more...)
A year after Brexit vote, more people view EU favorably
- June 17, 2017

The UK has agreed to sort out its European Union "divorce bill" and citizens' residence rights before starting Brexit trade talks, European Union sources have told the BBC. Prime Minister Theresa May . As a country in the European Economic Area (EEA), Norway must comply with a number of EU rules, but unlike members of the single market, they act more as "rule-takers" than "rule-makers". (more...)
Cuban Ambassador to the US Criticizes President Trump's Policy Rollbacks
- June 17, 2017

While imprisoning innocents, it has harboured cop killers, hijackers and terrorists. "We know what is going on and we remember what happened". The President strongest possible rhetoric during his address was directed at Castro , where he clearly said , "the harboring of criminals and fugitives will end". (more...)
Donald Trump 'to end Obama's Cuba appeasement' Donald Trump 'to end Obama's Cuba appeasement'
- June 17, 2017

But if you've been going to Cuba recently to drink rum, smoke cigars and take selfies with vintage Chevrolets - sorry, looks like the fiesta's over. Trump will announce the changes to the Obama-era policies that improved USA relations with Cuba in a speech in Miami, Florida, on Friday, POLITICO reported on Thursday. (more...)
Federal Reserve again raises its key interest rate Federal Reserve again raises its key interest rate
- June 17, 2017

In fact, in the Summary Economic Projections that accompanied the interest rate decision , the Fed's median forecast for GDP growth for 2017 actually ticked higher , up to 2.2%, from 2.1% in March . After gaining support from weak U.S. data on Wednesday, there was a sharp reversal after the firm Fed policy statement as the dollar gained renewed support. (more...)
Amazon CEO Bezos looking to give away some of his fortune Amazon CEO Bezos looking to give away some of his fortune
- June 17, 2017

In a tweet posted on June 15, Bezos said he is keen to hear ideas for philanthropic endeavours that focus on providing short-term benefits. Bezos is already invested in various long-term personal plans in non-profit companies such as Blue Origin space firm and The Washington Post , a contrast to his latest appeal for "helping people in the here and now". (more...)
Renewi PLC (RWI) Rating Reiterated by Credit Suisse Group
- June 17, 2017

The stock of RSA Insurance Group plc (LON:RSA) has "Overweight" rating given on Friday, August 12 by JP Morgan. Liberum Capital has "Buy" rating and GBX 1000 target. Canaccord Genuity downgraded Weir Group PLC (LON:WEIR) rating on Wednesday, September 9. The stock has "Buy" rating by Citigroup on Thursday, September 1. (more...)
Why Did US Crude Oil Prices Hit a 7-Month Low? Why Did US Crude Oil Prices Hit a 7-Month Low?
- June 17, 2017

However, prices for both benchmarks are still way down from the prices seen ahead of Opec's decision on 25 May to extend its deal to cut production until March 2018 - Brent traded around $54 per barrel while WTI was priced at $51 per barrel in the days before the meeting. (more...)
Banks Can Expect More Details from Fed's Annual Stress Tests This Month Banks Can Expect More Details from Fed's Annual Stress Tests This Month
- June 17, 2017

The Bank also outlined its plan of reducing its balance sheet , which it expanded by buying bonds and other securities in order to tackle the housing crisis leading up to the great USA financial meltdown in 2008. "Therefore, moving forward, we expect market focus to be on incoming data and specifically, inflation-related figures", he said . For mortgage bonds , the Fed would start with $4 billion per month and raise it in quarterly steps of $4 billion until it reaches a $20-billion ... (more...)
Wounded US lawmaker 'in some trouble', Trump says
- June 17, 2017

The shot fired at Scalise left perhaps hundreds of bullet fragments internally, many of which may never be removed because surgery might be more unsafe than leaving them in place, Sava said . Trump said Scalise "in his own way, may have brought some unity to our long-divided country". "I've gotten them, pretty much every member of Congress I know has gotten death threats", U.S. (more...)
Russell Investments Group Ltd. Acquires 30112 Shares of Alamos Gold Inc. (AGI)
- June 17, 2017

AGI has been the subject of a number of recent research reports. Alamos Gold Inc was downgraded to "sector perform" by analysts at RBC Capital. Raymond James Financial, Inc. Russell Investments Group Ltd. raised its position in Alamos Gold Inc. "(AGI) Receives Average Recommendation of "Hold" from Brokerages" was originally reported by Transcript Daily and is the property of of Transcript Daily. (more...)
Gov't not overly concerned with Fed's rate hike Gov't not overly concerned with Fed's rate hike
- June 17, 2017

The Fed raises the interest rate for first time since the crises in December 2015 and policy makers acted in December 2016 and again in March . The fall in bond yields, both in the United States and India suggests that traders are seeing slower rate hikes (in the case of the US) and rate cuts (in the case of India). (more...)

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