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Oil rises on falling USA stockpiles, Saudi cuts to Asia

ET) on Friday, up 5 cents from their last close. USA supplies of crude are still near records and more than 100 million barrels higher than the five-year average for this time of the year, data compiled from the Energy Information Administration show. Read More »

Australia's big banks hit by $6.2bn levy in budget cash grab

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Responding to the announcement, Anna Bligh, Chief Executive of the ABA, said: "It is a tax that will hit Australians by hurting investment and could have unintended consequences". The Commonwealth Bank (CBA.AU) is down 3.6%, ANZ (ANZ.AU) has fallen 2.6%, National Australia Bank (NAB.AU) has dropped 2%, and Westpac (WBC.AU) has lost 3.4%. Read More »

Technical Analysis That Matters: Ford Motor Company (F), Pfizer Inc. (PFE)

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The correct version of this news story can be read at https://www.themarketsdaily.com/2017/05/12/jefferies-group-comments-on-general-motors-companys-fy2017-earnings-gm-updated-updated.html. Investors of record on Friday, June 9th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.46%. General Motors Company (GM) has been given an average price target of $40.05 from analysts, according to data collected by Finviz. Read More »

Macron's Election Victory Is Only Half The Battle

She also opposed open immigration policies and called for tough measures against terrorism and crime. In the wake of the first round vote, pro-traditional family group Manif Pour Tous, who organised mass protests against same-sex marriage, condemned Macron , calling him the "anti-family" candidate. Read More »

Foreign buyers hit with increased taxes and charges

Regarding debts and deficits, Deloitte says the government still expects this Budget balance to "head back to greener pastures". The backflip resulted in a bigger A$29.4 billion deficit for 2017-18 than the A$28.7 billion forecast at the mid-year review in December. Read More »

Emirates airline profits down 83 percent in past year

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A total of 35 new aircraft were delivered during the financial year (19 A380s and 16 B777-300ERs), with 27 older aircraft being retired, and Emirates moved to an all-A380 and B777 fleet. "Due to the challenging trading conditions and in order to support Emirates' ongoing growth, the shareholder made a decision to retain this year's profit and hence no dividend was declared", said the company's annual report . Read More »

Telecom plus PLC (TEP) Stock Rating Reaffirmed by FinnCap

It has underperformed by 12.01% the S&P500. In a research note revealed to investors and clients on Thursday, 11 May, Aldermore Group PLC (LON:ALD) stock Buy was reiterated by Analysts at Liberum Capital. About 429,800 shares traded. Aviva plc ( LON:AV ) opened at 535.13 on Monday. It has underperformed by 32.85% the S&P500. JMP Securities downgraded Ocera Therapeutics Inc (NASDAQ:OCRX) on Tuesday, January 31 to "Mkt Perform" rating. Read More »

White House: Yates was a 'political opponent of president'

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We learned she was so concerned that Flynn could be blackmailed by the Russians that she approached White House Counsel Donald McGahn to warn him about what was going on. "This was a problem because not only did we believe that the Russians knew this but that they likely had proof of this information". Who is not exactly someone that was excited about President Trump taking office or his agenda... Read More »

Australia's Big Four banks look to cut costs as challenges rise

Experts say small business customers can expect to be hit if the banks pass on the costs of the bank deposits levy announced on Tuesday as the big four goes head-to-head with the government. NAB's chief executive Andrew Thorburn said, "a tax can not be absorbed... The cost of any new tax is ultimately borne by shareholders, borrowers, depositors and employees". Read More »

Oil producers have consensus to extend cuts, 2 OPEC members say

USA crude oil production C-OUT-T-EIA has already risen by over 10 percent since its mid-2016 trough, to more than 9.3 million bpd, close to levels of top producers Russian Federation and Saudi Arabia. In addition, OPEC also sees more supply coming from non-member countries such as the United States. 'During the first half of April, crude oil prices rose, returning to the mid-50 per barrl level where they had been from December through February, ' said the report. Read More »

Oil stable on expected OPEC cut extension, drop in U.S. inventories

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Brent was 70 cents higher at 50.92 dollars a barrel. Brent settled at $50.77, up 55 cents or 1.1%. A lack of infrastructure limits its exports, according to the U.S. Timing is everything, and there is a lot of noise surrounding near-term oil prices. OPEC is broadening the number of nations who have joined production cuts. Read More »

Paul Ryan visits New York school run by charter advocate

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The Wisconsin Republican did not speak with reporters Tuesday as he slipped into the Success Academy charter school in Harlem. Mindy Rosier, a special-education teacher at the school, said Ryan spoke with autistic children in the class. Ryan's arrival surprised numerous demonstrators who were under the impression he had arrived at the school before they assembled. "I think he's an adversary, I think we should see it for what it is, and act accordingly". Read More »

Snapchat Lost $2.2 Billion Last Quarter, Stock Drops 23%

The company reported an adjusted Ebitda loss of $188.2 million, more than its revenue total and higher than the average analyst estimate of $180.7 million. But at that point, Facebook had 552 million regular users, more than three times as many as Snapchat . Such improvements on the Android version of its app helped Snap increase net additional Android users by 30%. Read More »

Champions League: Zidane speaks on facing former club, Juventus in final

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The Portuguese reached and surpassed 100 European goals last month and his first-leg hat-trick against Atletico as good as booked Real their place in the final. The Bianconeri never looked like wobbling in their quest to reach the knockout rounds, with Lyon the only side able to take points off them with a late goal in the 1-1 November draw. Read More »

Act II for France's Macron: getting the majority to govern

Macron's opponent in the second round of the election, the far-right candidate Marinne Le Pen, was a bit of an exception to this rule. "So there might be a drop in the Front National vote, but if the situation is bad in 2022 [at the time of the next presidential election], they could rise again". Read More »

WTI, Brent crude oil futures settle higher

OPEC economists said the US economy should grow by 2.2 percent this year, compared with a 3.3 percent rate for the global economy. Saudi Arabia, the world's biggest oil exporter, has notified several Asian refiners of its first cuts in crude allocations for regional buyers since Opec's output reduction took effect in January. Read More »

Molefe to return to head Eskom

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Eskom did not at the time state that Molefe in fact applied for early retirement and did not correct assumptions that he in fact resigned. He added that with Brown's consent, the utility had reinstated Molefe's contract of employment, which ends in September 2020. Read More »

AstraZeneca plc 27.4% Potential Upside Indicated by Barclays Capital

About 2.53 million shares traded or 3916.32% up from the average. The SI to Xencor Incorporated's float is 5.75%. It closed at $23.99 lastly. About shares traded. Deerfield holds 0.05% or 572,893 shares. Investors of record on Thursday, April 27th will be given a dividend of GBX 25.70 ($0.33) per share on Monday, May 22nd. Read More »

Recent Broker Updates On STV Group (LON:STVG)

Its down 10.08% from 7.48M shares previously. Among 2 analysts covering Unique Fabricating ( NYSEMKT:UFAB ), 2 have Buy rating, 0 Sell and 0 Hold. The SI to Xencor Incorporated's float is 5.75%. Vanguard Group Incorporated owns 1.55M shares or 0% of their USA portfolio. Gsa Cap Ptnrs Ltd Liability Partnership has invested 0.04% in EI Group PLC (LON:EIG). Read More »

Will Snapchat's New Features Make It More Useful for Marketers?

The slowing number of daily users is likely the biggest cause of anxiety for investors. The company in an official statement said, "The company brought $149.6 million in revenue in the first quarter this year". The company's co-founder Evan Spiegel after this recent dip said: " We lost revenue due to numerous social media giants copying features from Snapchat ". Read More »

Tim Cook: Apple Watch Sales Doubled In the Last Quarter

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Because if we can create many manufacturing jobs around - those manufacturing jobs create more jobs around them, because you have a service industry that builds up around them", Cook said. If you sell globally, you earn money globally. IDC data suggested Apple only sold 44.9 million iPhone units in China in 2016, down 23.2 percent from 2015. Read More »

US Lawmakers Chide Beleaguered United Airlines Chief Over Passenger Abuse

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The House Transportation and Infrastructure Committee held a hearing to discuss crowded flights and what could be done to make sure similar situations do not occur in the future. Mr Dao's lawyer has praised the airline and Mr Munoz for accepting responsibility and not blaming others, including the city of Chicago, whose airport security officers yanked Mr Dao from his seat and dragged him off the United Express plane. Read More »

Snap shares hammered after $2.2 bn loss

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Snap posted revenue of $149.65 million, up close to 300 percent over this time a year ago, and annual growth in the number of daily active users of 22 percent to 166 million users. The Snapchat app initially drew attention for letting people add fun filters and overlays to their mobile photos and videos, virtually turning human faces into puppies or crowning them with flowers. Read More »

Coach acquires Kate Spade for $2.4 billion

Coach expects to realize about $50 million in synergies on an annual run rate within three years of the closure of transaction. Coach Chief Executive Victor Luis said the companies hope the deal will " unlock Kate Spade's largely untapped global growth potential ", and he described the deal as "an important step in Coach's evolution". Read More »

China, US reach agreement on beef, poultry and natural gas

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The deals are the first tangible results of trade talks that began last month after U.S. President Donald Trump and Chinese President Xi Jinping met in Florida to discuss cooperation between the world's two largest economies. "You watch and you'll see". China will finally open its borders to US beef while cooked Chinese poultry is closer to hitting the American market as pa. Read More »

Labour Party manifesto leaked : Corbyn plans to re-nationalize rails, Mail

In a speech to the Chatham House global affairs think tank on Friday, Mr Corbyn will say he will do "everything necessary to protect the safety and security of our people and our country", should his party win power on 8 June. Gwynne, is that you want to nationalize the railways, but the problem is you can't even run your own election campaign", Humphrys began the interview, laughing at the Labour election campaign coordinator throughout. Read More »

Macron win brings sigh of relief from business circles

It is unlikely that Macron is going to unify France any time soon and he will eventually govern at the front of a complex coalition with the FN as a formal opposition. "He carries the hopes of millions of French people, and of many people in Germany and the whole of Europe", German Chancellor Angela Merkel told a news conference in Berlin. Read More »

China eyes global market after Comac C919 maiden flight

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Final ground tests only concluded a few weeks ago, much later than the original schedule of a first flight in 2014, and aircraft delivery in 2016. Built by state-owned aerospace manufacturer Commercial Aircraft Corporation of China (COMAC), the plane represents almost a decade of effort in a government-mandated drive to reduce dependence on European consortium Airbus and USA aerospace giant Boeing. Read More »

Steady Fed Downplays Transitory Weakness

Committee members voted unanimously to hold the short-term federal funds rate, a key benchmark for consumer and business lending, to a target between 0.75% and 1%. The Federal fund interest rate peaked in the early 1980s at almost 20%. The Fed policymakers said they expect "economic conditions to evolve in a manner that will warrant" gradual increases in their official interest rate, the federal funds rate. Read More »

Macy's Q1 Results Miss Expectations

Kohl's shares initially rose after the company's profit topped expectations, but soon reversed course and closed down almost 8 percent. RETAIL ROUT: Big U.S. Macy's has strived to see off the rise of online retailing by adding discount areas to its stores, striking deals to stock exclusive fashion lines, and making it easier to try on shoes. Read More »

Macron rejects former PM Valls as candidate

Macron , until last year economy minister in the outgoing Socialist administration, has blown apart the traditional political boundaries of French politics by winning the presidential election last Sunday under the banner of his own one-year-old Republic on the Move (REM) party. Read More »

Balfour Beatty plc (BBY) Lifted to "Buy" at Numis Securities Ltd

The rating was maintained by Goldman Sachs on Monday, February 20 with "Conviction Buy". Therefore 36% are positive. Xencor had 8 analyst reports since August 5, 2015 according to SRatingsIntel. The shares were sold at an average price of GBX 359 ($4.64), for a total value of £144,598.02 ($187,012.44). The stock of UNITE Group plc (LON:UTG) earned "Hold" rating by Liberum Capital on Thursday, January 28. Read More »