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China's credit rating downgraded by Moody's from Aa3 to A1

The ministry said the Chinese government's liability ratio stood at 36.7 percent to GDP by the end of previous year, compared to the European Union's 60 percent and far below the level of other major economies and emerging markets. Moody's forecasts the government's direct debt burden to rise gradually to 40% of gross domestic product by 2018 and closer to 45% by the end of the 2020. Read More »

Q4 2016 Sentiment Steel Dynamics Inc (NASDAQ:STLD)


The stock rose 2.43% or $0.82 reaching $34.79. Shares of U.S. Steel have climbed 4.1% to $21.22 at 9:47 a.m. today, while Steel Dynamics has gained 3.7% to $36.60, and Nucor has risen 1.7% to $59.62. Steel Dynamics has a consensus rating of Buy and an average target price of $37.91. BMO Capital Markets reissued a "buy" rating and set a $48.00 price target on shares of Steel Dynamics in a report on Monday, April 24th. Read More »

Strategic partnership model in defence gets Cabinet approval


Many Indian companies such as Larsen & Toubro, the Tata Group Reliance companies and Mahindra & Mahindra among others have been striving to get into the market. In June Modi is expected to visit the United States, which has emerged as one of the top arms supplier to India in recent years. Some executives and analysts have said the new policy could undermine competition and hand winning Indian firms a virtual monopoly, but the government decided it has reached enough of a consensus to ... Read More »

Donald Trump's Saudi trip ends, urges Muslim leaders to fight extremism


In a pointed departure from his predecessor, the United States president all but promised he would not publicly admonish middle eastern rulers for human rights violations and oppressive reigns. President Donald Trump has declared in the past that finding a solution to the Israeli-Palestinian conflict is "maybe not as hard as people have thought". Read More »

Rep. Tom MacArthur, co-author of key health care compromise, criticizes CBO report

Republicans did at least manage to avoid breaking the deficit rule, but nonetheless, the CBO's review is absolutely devastating. But the CBO, which is responsible for analyzing the impact of proposed legislation for Congress, also warned in its latest report that if states chose to use the waivers included in the current version of the bill to avoid Obamacare regulations, it could make healthcare unaffordable for their residents with pre-existing conditions. Read More »

Intel director won't detail Trump conversation

Trump made a decision to spontaneously share some intelligence with the Russians, I think he would have basically violated two protocols", Brennan said. Page has flatly and continually denied that charge. Brennan told the House intelligence committee on Tuesday that he was the first US official to call out the Russians for their activities. Read More »

Close Brothers Group plc (CBG) Stock Rating Lowered by Macquarie

The company has market cap of $8.28 billion. Us Financial Bank De stated it has 0% of its portfolio in Cleveland BioLabs, Inc. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. The company was maintained on Wednesday, November 30 by BNP Paribas. Shareholders of record on Thursday, April 27th will be issued a GBX 4.62 ($0.06) dividend. Read More »

Know about the latest Tejas Express


When the train started from CST on Monday, it was well equipped but when it returned from Goa on Tuesday the high quality headphones were missing and also the 9-inch infotainment screens were damaged. And, now it has returned to Mumbai with 12 headphones missing, unclean toilets, littered compartments and damages to the infotainment touchscreen. A passenger was quoted by Hindustan Times saying that the train was not properly cleaned on the second day. Read More »

Avolatte - it's half avocado, half latte, all Millennial housing crisis zeitgeist


Anywho, according to one barista, the combo started out just as a joke - but people are now ordering them. "We never meant to sell them, but since all the attention has come, we've had quite a few customers come in and request them". "I think it's ridiculous", he says. "It's literally coffee in a piece of rubbish", he said, though he defended the drink for its creativity. Meanwhile, the avolatte is raising eyebrows across the internet. Read More »

Ethiopia's Adhanom elected as new World Health Organization chief


The job has never before been earned through a competitive election, and health officials from all over the globe thronged the assembly hall in the UN's Geneva headquarters, where voting took place behind closed doors. Tedros, asked about the proposed cuts to USA and multilateral aid agencies, told a news conference that donors should not suddenly pull out of existing programmes. Read More »

Moody's downgrades China's credit rating

China's potential economic growth was likely to slow toward 5 per cent in coming years, but the cooldown is likely to be gradual due to expected fiscal stimulus, Moody's said. As a outcome, notwithstanding the moderate general government budget deficit in 2016 of around 3 per cent of GDP, the government's direct debt burden is expected to rise gradually towards 40% of GDP by 2018 and closer to 45% by the end of the decade, in line with the 2016 debt burden for the median of A-rated sovereigns ... Read More »

Brazilian mogul confesses to bribing President Temer

After the O Globo report on Temer, Brazil's highest court opened an investigation into the accusation late Thursday and lifted the seal on the almost 39-minute recording , which is scratchy and often inaudible. In light of the recordings, the Supreme Court suspended him from his position in the Senate and Neves' sister and cousin were arrested in connection by the Federal Police and his office in the Senate and his homes were searched by police. Read More »

Donald Trump admits no easy peace for Middle East


There was a party fit for a (literal) king, a gold medal and a whole lot of red carpet as the United States president made his first foreign trip as part of a week-long stretch that including visits to Israel, the West Bank, the Vatican, Brussels and Italy. Read More »

OPEC and non-OPEC nations poised to extend output cuts

US output since last year's cut has increased by almost a million barrels a day to 9 million barrels. United States production has risen 850,000 bpd from its 2016 lows to 9.3 million bpd now, not far from the all-time record set in 2015. At the moment, OPEC's implementation of the oil production curtailment stands at over 100 percent, while non-cartel countries have reached an adherence of over 95 percent, according to Algerian Energy Minister Noureddine Boutarfa. Read More »

Mueller Cleared by DOJ Ethics Experts to Lead Russia Probe


Deputy Attorney General Rod Rosenstein then appointed former FBI Director Robert Mueller to oversee the Russian Federation investigation. While Brennan said, "I don't know" whether there was collusion, he said he was "aware of information and intelligence that revealed contacts and interactions between Russian officials and USA persons involved in the Trump campaign that I was concerned about" because of known Russian efforts to suborn such individuals. Read More »

Trump in bid to push peace process forward

Later, an aide said he's an exhausted guy, and attributed it to that, and not any sort of purposeful going off-script. "So you have another story wrong", he said . Trump's visit was laden with religious symbolism. In the speech, Trump pledged that one of his first acts as President would be to establish a commission on radical Islam, "which will include reformist voices in the Muslim community who will hopefully work with us". Read More »

Trump's First Day in Israel: An Encouraging Performance

Trump received a warm reception from both Palestinian President Mahmoud Abbas and Israeli Prime Minister Benjamin Netanyahu , a reflection of how "both sides want to be in Trump's favor right now". Agreements worth $350 billion were signed, including an immediate arms sale of over $110 billion, as the two countries condemned Iran and vowed to fight terrorism throughout the region. Read More »

Trump seals $110 billion arms deal with Saudi Arabia with awkward dance

Elsewhere in his comments, Qassemi recommended the regional countries to care about their people's welfare and respect their right to decide their fate instead of spending billions of dollars on attracting United States support. Drive them out of your communities. The President singled out Iran as a key source of financial backing for extremists. "So too have the nations of Africa and South America ". Read More »

Ivanka Trump meets human trafficking victims in Rome

First lady Melania Trump and first daughter Ivanka Trump wore black dresses and veils, as is the custom for women meeting with the pope . The Pope returned the gesture by presenting Mr. The mood eventually lightened after the two exchanged gifts. "Thank you very much", President Trump could be heard saying as he exchanged firm handshake with the jovial-looking Pope and as they posed for photos. Read More »

CBO: 23 million fewer Americans insured under House GOP bill

After the release of the CBO report , several Republican senators said they could not support the House bill. One of the last-minute changes to the Republican bill was the MacArthur amendment, which opponents warn will price some people out of the market due to their pre-existing conditions . Read More »

Unlikely Figures Praising President Trump's Israel, Middle East Trip

To get to Bethlehem, Trump's motorcade passed through an opening in Israel's towering separation barrier, a visual reminder of the complexities of the conflict in the region. from which extremism and terrorism emanates". Israeli prime minister Benjamin Netanyahu appeared overwhelmed by how America, under Trump, appeared to manage a volte-face on Iran; and didn't appear to offend the Arab neighbors of Israel by breaking taboos on America's Israel policy. Read More »

UNSC condemns North Korea's latest missile launch


The top American military commander in South Korea said Thursday a series of North Korean provocations means the allies should put more pressure on the communist nation. The suspected North Korean balloons were spotted two days after Pyongyang test-fired a ballistic missile - its second missile test in seven days. Read More »

Moody's China downgrade 'illogical', overstates debt

David Cheetham, XTB, said: "The first downgrade to China from Moody's in nearly 30 years has caught the attention of traders this morning as the nearly forgotten narrative of a slowdown in economic activity in the Far East could be set to return". Read More »

OPEC extends oil output cut by nine months - delegate

They are expected to extend a pledge to cut output by 1.8 million barrels per day (bpd), possibly until March 2018. OPEC and its allies believe they can continue earning more while pumping less. "We need to see - six months or nine months", he said. But achieving backwardation would require a coordinated three-part strategy involving, at first, deeper or more extended production cuts. Read More »

San Francisco-Bound United Flight Evacuated at Newark Airport


Five minor injuries have been reported as the airport has reopened with residual delays, according to the Port Authority. United spokesman Jonathan Guerin said air traffic control notified the crew about flames coming from the right engine of the San Francisco-bound plane. Read More »

Experts say Moody's downgrading of China's credit rating shows miscalculations

Chinese stocks sank Wednesday after Moody's cut the country's debt rating and othe. At the same time, China's external debt is low by worldwide standards, at around 12% of gross domestic product, according to the global Monetary Fund, meaning that a downgrade isn't likely to be as disruptive as it would be for nations more reliant on global funding. Read More »

'Significant' fall in net long-term migration to UK


Net migration to the United Kingdom fell below a quarter of a million in 2016 for the first time in nearly three years, official figures show. By contrast, Germany's economy grew by 0.6 percent and Spain's expanded by 0.8 percent in the first quarter. Read More »

Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018

Initially, it had been planned that the deal to cut nearly 1.8 million barrels per day in production and agreed on December 10, will be effective in the first half of this year with possibility of rollover toll the end of 2017. OPEC members agreed in November to cut output by 1.2 MMbpd. Their announcement sparked a rally in oil prices, which had sagged on signs the cutbacks made so far haven't significantly depleted the world's brimming fuel inventories. Read More »

Estimated 23 Mln Would Lose Health Insurance Under GOP Bill: CBO

In a blow to Republicans, the nonpartisan analysts were also critical of 11th-hour provisions that GOP leaders had added to pick up votes and assure the bill's passage. Comprehensive reproductive healthcare would still move out of reach, especially for millions of low-income people, because of this bill's attacks on Medicaid, Planned Parenthood and abortion coverage. Read More »

Scott Dixon didn't take armed robbery seriously at first: mother


Emma Davies-Dixon didn't say much about her husband's ordeal at Taco Bell restaurant, but said she was proud of his efforts on the track. According to FOX 59 in Indianapolis, which reported the story via reporter Russ McQuaid and online, here , Dixon and Franchitti were in the drive-through lane there - being robbed before the suspects allegedly fled, and were arrested as of Monday morning. Read More »

North Korea Test Fires Mid-Range Missile Amid Growing Tensions


Last Sunday, the North successfully launched a new intermediate-range ballistic missile , the Hwasong-12. But the U.S. has been trying to persuade China to do more to rein in North Korea , which has conducted dozens of missile launches and tested two nuclear bombs since the start of past year, in defiance of United Nations Security Council sanctions and resolutions. Read More »