Saturday, 16 December 2017
Latest news
Home » Finance

Finance

Macron says long Trump handshake 'not innocent'

Nearly like an arm wrestling match, theirs lasted 5.2 seconds with Trump, surprisingly wanting to pull out first. The French president has now described the handshake as " a moment of truth " created to show that he is no pushover. The text is appealing to internet providers and social media companies to more actively fight extremism, an issue widely promoted by Macron during his presidential campaign. Read More »

OPEC extends oil supply curbs as glut persists

Nigerian production has risen in recent months after several fields restarted production. Khalid A. Al-Falih, Saudi Arabia's oil minister and president of the OPEC Conference, said in his opening statement Thursday that the cuts first agreed to in November were having their intended effect. Read More »

Japanese Announcers Go Wild For Takuma Sato's Indy 500 Win

Scott Dixon , the 26-year-old racer from New Zealand was the fastest driver during qualifying for the 2017 Indy 500 and earned himself a spot at the pole position at the start of the race. "It was so close . They worked really hard to get us here", said Andretti. "But we made the decision earlier in the week to run for speed and performance rather than for durability and distance". Read More »

China's credit downgrade could 'reawaken risk'

perth_map

However, it highlighted that official growth targets are likely to fall at a more gradual pace, given the importance the Chinese government attaches to them, "rendering the economy increasingly reliant on policy stimulus". But, with an excessive leverage of the financial system, it would be hard for China to keep growth rates above the target of at least 6.5 per cent. China's economy has for always been fuelled by economic stimulus and cheap credit and the government thereis now grappling ... Read More »

Korea's missile launch reached Japan's exclusive economic zone

perth_map

Thornton said the United States was looking to discuss with China a new U.N. Security Council resolution on pre-negotiated measures in response to further nuclear or missile tests from the North. "Our military is keeping a close watch on the possibility of an additional provocation by North Korea and is maintaining full preparedness", the JCS stated. Read More »

OPEC meets to extend oil output cut, fight global glut

Production cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers heavily dependent on oil revenues. Brent crude futures LCOc1 were trading at $54.51 per barrel at 0209 GMT, up 55 cents, or 1 percent from their last close. Read More »

Jim Bunning, Hall of Fame pitcher and Kentucky senator, dies at 85

perth_map

He spent almost all of that time with either the Tigers or Phillies, totaling five All-Star appearances in Detroit and a pair in Philadelphia. In a baseball career that covered much of the 1950s and 1960s, Bunning pitched no-hitters for both the Detroit Tigers and Philadelphia Phillies , becoming the first pitcher to hurl such gems in each major league. Read More »

Avon Products, Inc. (AVP) Trend of Beating EPS and Revenue Estimates

For AVP, the company now has $560 Million of cash on the books, which is offset by $20.1 Million current liabilities. Results were also marred by stiff competition and other macroeconomic hurdles. Equities analysts anticipate that Avon Products will post $0.22 EPS for the current year. Avon Products Inc's -3.94% drop today has a material impact on its technical outlook. Read More »

OPEC Extends Oil Output Cut By 9 Months

perth_map

Both benchmarks have risen well over 16 percent from their May lows. Consultancy Wood Mackenzie added a nine-month extension would make no change to its 2017 price forecast of $55. The OPEC ministers said they would cut supply by 1.8 million barrels a day from the market during their meeting on Thursday in Vienna. He added that OPEC members Nigeria and Libya would still be excluded from cuts as their output remained curbed by unrest. Read More »

Bainimarama awaits Trump decision on Paris deal

The G7 consists of Canada, France, Germany, Italy, Japan, the United Kingdom and the USA, while the European Union also has representatives present. The leaders issued a collective statement at the close of the talks, saying that they have committed to "strengthening our collective energy security and ensuring open, transparent, liquid, and secure global markets for energy resources and technologies". Read More »

Jim Bunning, tough pitcher, hard-nosed senator, dies at 85

Senator, Jim Bunning ". After baseball , Bunning returned to Kentucky and began a lengthy political career, serving in both the U.S. House of Representatives, and the United States Senate. He served in both the House and Senate. In contrast to his stellar baseball career, TIME once listed him among America's worst senators , citing his hostile behavior toward staff and a lack of interest in policy beyond professional baseball. Read More »

OPEC extends production cuts

The goal is to siphon off a global oversupply of oil caused by a flood of production from USA shale producers and record levels of output from OPEC itself in 2016. Nigeria, Africa's largest economy, relies on oil proceeds as its main revenue source. While stockpiles are shrinking, ministers acknowledged that the surplus built up during three years of overproduction won't clear until at least the end of 2017. Read More »

President Trump's budget does not add up ($2 trillion math error)

But in states in the South, including North Carolina where lawmakers have been disgracefully harsh toward the poor , Medicaid benefits would be uncertain at best and dramatically diminished at worst. The Trump budget guts social programs while sharply reducing taxes for the wealthy including major cuts to estate, capital gains and business tax rates. Read More »

China, ASEAN agree on framework for South China Sea code of conduct

In the works for upwards of 15 years , the Code of Conduct has until recently seemed unattainable due to perceived slow-walking by the Chinese. But under President Rodrigo Duterte , who took office in June 2016, the Philippines has pivoted toward Beijing - seeing China as a source of much needed investment - and away from the United States, which, despite a mutual defense treaty, Duterte regards as an unreliable ally. Read More »

Weir Group PLC (WEIR) Receives GBX 1870 Average PT from Analysts

perth_map

Keefe Bruyette & Woods upgraded the shares of XL in report on Tuesday, August 25 to "Outperform" rating. BNP Paribas maintained it with "Neutral" rating and GBX 3850 target in Monday, March 20 report. Moreover, Michael & Susan Dell Foundation has 9.13% invested in the company for 394,630 shares. About 160,098 shares traded. Smiths Group plc (LON:SMIN) has 0.00% since May 26, 2016 and is. Read More »

Trump Keeps Everyone Happy By Ignoring Details - But Leaves Israel Emptyhanded

Still, the obstacles standing in the way of the deal that Trump says he seeks are nearly all to be found in the domestic political arenas in Jerusalem and Ramallah. Departing from Israel for the European leg of his overseas trip, Trump has left Israelis and Palestinians with no tangible framework for negotiations, and no guiding principles to frame the negotiations. Read More »

US backs call for fight against protectionism in G-7 communique

U.S. President Donald Trump reacts after a family photo at the G7 Summit expanded session in Taormina , Sicily, Italy, May 27, 2017. President Trump resisted some intense lobbying by leaders of other industrialized nations Friday to back the Paris climate-change agreement at a G-7 summit in Sicily, Italy. Read More »

OPEC cuts not enough for investors

With existing output curbs originally due to expire next month, a new deal had been widely anticipated. During the meeting, Khalid al-Falih reportedly said , while the oil market is on its way to recovery, "more time is needed" before oil supplies can be expected to return to their five-year average. Read More »

Trump's budget plan, heartless in spots, will be hard sell

perth_map

President Trump's budget proposal would place an undue burden on Idaho's budget, as the state continues to dig out from the effects of the Great Recession. Office of Management & Budget Director Mick Mulvaney took heat for Trump's proposed budget that would dramatically slash the social safety net. Read More »

Transocean LTD (RIG) Earns Sell Rating from Royal Bank of Canada

Analysts on average have given a price target of $12.77 to Transocean Ltd. ( RIG ) stock. Exane Derivatives increased its stake in Transocean LTD by 15.8% in the first quarter. In other news, SVP David A. Tonnel sold 9,450 shares of the company's stock in a transaction that occurred on Thursday, April 27th. The stock's price moved up its 200-day moving average of $15.31. Read More »

Omega Healthcare Investors (OHI) Receiving Favorable News Coverage, AlphaOne Reports

perth_map

The shares were sold at an average price of $34.00, for a total value of $2,975,000.00. Following the sale, the insider now directly owns 411,576 shares of the company's stock, valued at approximately $12,730,045.68. Revenue during that quarter was posted at $185.84M, whereas the consensus estimate was predicting $186.35M. Omega Healthcare Investors has $46 highest and $24 lowest target. Read More »

USTR Moves Forward with NAFTA Renegotiation

The letter stated the administration a new agreement to "support higher-paying jobs in the United States and to grow the USA economy by improving US opportunities under NAFTA ". Ross says the USA manufacturing industry has been decimated by NAFTA, a deal the White House considers deeply unfair. In February, the Congressional Research Service released a report on NAFTA, which found the trade agreement " did not cause the huge job losses feared by the critics or the large economic gains ... Read More »

Trump calls foreign trip a 'home run' in remarks to U.S. troops

perth_map

To the White House, Trump's first trip overseas was an embodiment of the promises he made as a candidate to put America's interests first and break through the guardrails that have long defined US foreign policy. To the delight of his hosts, Trump railed against Iran in Saudi Arabia and promised to work closely with partners in the region to combat the cloak of Iranian influence spreading throughout the Middle East. Read More »

How Analysts Rated International Game Technology Ordinary Shares (NYSE:IGT) Last Week?

Bank of America Corp lowered International Game Technology from a "buy" rating to a "neutral" rating and set a $30.00 price objective for the company.in a research report on Thursday, January 26th. On average, equities analysts expect that International Game Technology will post $2.02 earnings per share for the current fiscal year. Investors of record on Thursday, June 8th will be given a dividend of $0.20 per share. Read More »

Analysts At Berenberg Reiterated Unilever PLC (LON:ULVR) As Buy

perth_map

The rating was maintained by Panmure Gordon on Friday, May 26 with "Hold". Morgan Stanley has "Underweight" rating and GBX 1300 target. On Friday, September 2 the stock rating was reinitiated by JP Morgan with "Overweight". The company has market cap of $19.83 billion. The Company's portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. Read More »

(ANF) Downgraded to "Sell" at Vetr Inc

perth_map

The average numbers of shares are traded in a security per day, during the recent 3-month period. Shares of the company, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 4 percent to $13.41 before the bell on Thursday. Read More »

Syria: '100 dead in anti-ISIS raids, many relatives'

perth_map

At least 35 people were killed in airstrikes carried out by US-led forces in eastern Syria , according to the Syrian Observatory for Human Rights . At least 20 civilians were killed when a USA -led airstrike struck their convoy near the northern city of Syria's Raqqa , state news agency reported on Sunday. Read More »