Economy

$-0.02 EPS Expected for BlackBerry Ltd (BBRY)

$-0.02 EPS Expected for BlackBerry Ltd (BBRY)

CRVL's SI was 106,000 shares in May as released by FINRA. On 25 May 2017, Vodafone Group Plc (ADR) ( NASDAQ :VOD) shares moved to $29.91 after starting the day at $29.89. The market capitalization of the company is at $5.85 Billion. The Company is engaged in the sale of smartphones and enterprise software and services. Read More

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StatPro Group (LON:SOG) Recent Analyst Updates

StatPro Group (LON:SOG) Recent Analyst Updates

Jgp Global Gestao De Recursos Ltda. owns 142,391 shares or 6.31% of their USA portfolio. The stock of Ocado Group PLC (LON:OCDO) earned "Overweight" rating by JP Morgan on Thursday, February 4. The rating was initiated by Credit Suisse on Thursday, January 26 with "Outperform". Analysts await Paypoint plc (LON:PAY) to report earnings on June, 8 after the close. Read More

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Manchester attacker 'likely' travelled to Syria: Minister

Manchester attacker 'likely' travelled to Syria: Minister

In a final phone call he placed to his mother and brother just before the attack, he purportedly told his mother: "Forgive me", said Ahmed bin Salem, a spokesman for Libya's anti-terrorism unit, the Special Deterrent Force. In another development, British investigators told French authorities that the suspect in the Manchester bombing had probably traveled to Syria, French Interior Minister Gerard Collomb said on Wednesday. Read More

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Nigeria says it is not opposed to joining OPEC cuts

Nigeria says it is not opposed to joining OPEC cuts

The first phase of the production cuts deal was reached late a year ago to control free falling oil prices that brought a massive trade deficit for oil dependent economies. Meanwhile the North American benchmark, West Texas Intermediate, rose to highs of $51.93 per barrel before dipping as far as $50.08 per barrel. But the recovery has brought many back to life, and U.S. Read More

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Trump administration hails US-China trade deal

China will also give permission to wholly foreign-owned financial services firms to provide credit rating services in the Asian giant. Negotiations to lift the ban started last September while President Obama was still in office, and President Trump supported the move after meeting with China's president last month. Read More

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BIS Releases New Set of Standards for Currency Trading

BIS Releases New Set of Standards for Currency Trading

The Code was developed through a collaborative process between the Bank for International Settlements' Foreign Exchange Working Group and private-sector market participants. The code also provided a list of disclosures that the new generation of algorithmic traders should make, including a clear description of their execution or aggregation strategy, fees, routing and sources of liquidity. Read More

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Moody's downgrades Chinese credit profile

Most investors were not taken aback by China's downgrade from an Aa3 credit rating to an A1 on Wednesday, arguing that markets were similarly prepared for such a move. According to the National Statistics Bureau, as of 2016, China had a total of 27.33 trillion yuan ($4 trillion) of government debt with the GDP totaling 74.41 trillion yuan. Read More

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Djokovic, Nadal on French Open semi-final collision course

The 47-year-old Agassi will not stay in Paris for the duration of the French Open . "I wasn't surprised. I'm still pretty close to him and to the rest of the team", said Becker. "With Stade Roland Garros in the distance, the setting was pretty special". Now ranked at number seven, could the Austrian replicate his result from a year ago in the French capital? Speaking after, the German was just delighted to have played one of the greats. Read More

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OPEC and other nations extend output cuts

OPEC and other nations extend output cuts

Shares in Asia are higher after an overnight advance on. "With Russia and Saudi announcing nine months (of extended cuts) a week before, this was already priced in, so the market wanted the "over-and-above" which didn't come - hence the sell-off", said Virendra Chauhan, oil analyst at Energy Aspects in Singapore . Read More

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HPCL profit up 31%

HPCL profit up 31%

For the year ended March 31, 2017, the company has posted a jump of 66.63% in its net profit at Rs 6208.80 crore as compared to Rs 3726.16 crore in FY16. For January-March period, the company reported 47.59 per cent increase in total expenditure at Rs 20,696.46 crore against Rs 14022.15 crore in the same period a year ago. Read More

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Oil rises more than 1 percent, market corrects following OPEC

Since then, trading has been volatile. OPEC's move was greeted by a sell-off. The 1.8 million barrel-per-day cut first inked in November 2016 will now last until November 2018. Exporters were keen to maintain global market share, and they cut domestic supplies or shipments to marginal buyers. They also discussed steps for shrinking the US central bank's $4.5 trillion in bond holdings. Read More

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Oil prices rise as Saudi and Russian Federation agree to prolong output curbs

Global benchmark Brent crude added 1.7 percent to $51.69 on the ICE Futures Europe exchange. Members of the Organization of Petroleum Exporting Countries agreed in November to cut 1.2 million barrels a day of oil production. However, Bozumbayev said Kazakhstan would find it technically hard to keep output down because it started bringing a large new field online previous year. Read More

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House budget leaves out Senate spending cuts

Final votes on the bill may be held on Wednesday, media reported. The full House budget - with salary increases and tax changes - won't get released until after Memorial Day, with floor votes anticipated by the end of next week. In March, the budget office said the House legislation would increase premiums by an average 15 percent to 20 percent over the next two years, but push premiums 10 percent lower than they'd otherwise be by 2026. Read More

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Lots of sunshine Friday, storms likely this weekend

Lots of sunshine Friday, storms likely this weekend

The holiday weekend will be a little unsettled. High temperatures will be near 68 degrees on Saturday with cloudy skies for the afternoon and evening. The National Weather Service at Morristown is now forecasting a 50 percent chance of rain on Thursday . Breezy and a brief shower in spots this evening, then becoming mainly clear. Read More

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First Quarter GDP Revised Up To 1.2 Percent

First Quarter GDP Revised Up To 1.2 Percent

Despite this growth, the Commerce Department says the gross domestic product (GDP), the broadest measure of economic health, is down from the last quarter. Digging further into the data, consumer spending slowed to a near-crawl in the first quarter, up just 0.6 percent at the annual rate. The electronics sector was a bright spot, with sales of communications equipment rising 4.2 percent, the strongest rate in a year. Read More

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Voting Districts in North Carolina Unconstitutional

A second district, District 12, which has been the subject of Supreme Court litigation five times, did not need to add or subtract voters after the census. The battle over North Carolina's districts isn't over, according to a press release by Common Cause. Before the redistricting, the two districts did not have a majority of African-American voters, but had consistently elected candidates who were the preference of most African-American voters. Read More

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Pakistan presents new $50 billion development-heavy budget

Pakistan presents new $50 billion development-heavy budget

Real GDP Growth at 5.28% this year is the highest in the past decade. In another first, Pakistan joined the club of economies valued over $300 billion, he said. It is also hoping to keep the fiscal deficit at under 4.1% of GDP, according to the budget documents. Dar stated that the Nawaz Sharif government and its policies were to thank for the current spurt in economic growth. Read More

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OPEC extends output cut for 9 months

OPEC extends output cut for 9 months

Buy the rumor and sell the news worked well on Thursday, when Opec disappointed the market by announcing same quantum of cut as prices tanked more than 6 per cent from its five-week high of 52 per barrel on Thursday itself. Clawing back some of Thursday's losses, global benchmark Brent futures LCOc1 were up 28 cents at $51.74 a barrel at 0837 GMT. In physical markets, however, where tankers can take weeks or months to deliver up to $100 million in crude oil , refiners want to know if ... Read More

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Saudi Foreign Minister: Trump Trip Was 'Phenomenal'

Whether U.S. policy will change as a result of Rouhani's reelection remains to be seen . -Israeli intelligence cooperation is "terrific" while attempting to dismiss concerns that the incident violated a confidentiality agreement. The White House has said it doesn't expect any sort of breakthrough on the peace process on this trip. He touched it in prayer and, adhering to tradition, placed a note in a deep crevice. Read More

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G7 ministers take aim at cybercrime

G7 ministers take aim at cybercrime

However, Mnuchin abstained from stating the USA commitment to the letter and spirit of the communique, despite all the efforts of his French and German colleagues. European Economic Affairs Commissioner Pierre Moscovici said he hoped Trump would not abandon multilateralism and free trade. Financial leaders of seven leading world economies pledged stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stuck to their cautious ... Read More

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China's yuan jumps to strongest level in more than 3 months

China's yuan jumps to strongest level in more than 3 months

Since late previous year, it has tightened restrictions on money leaving China's shores, pushed up short-term interest rates and more recently, has been effectively hitching the yuan's value to the dollar. The People's Bank of China didn't immediately reply to a request for comment. Closer financial ties "risk introducing more direct contagion channels between China's and Hong Kong's financial markets", it said. Read More

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Watch the results come in for Montana's wild Congressional election

Watch the results come in for Montana's wild Congressional election

The question now is whether Republican base voters still show up at the polls Thursday for Gianforte and whether Quist's Democratic base is even more fired up to vote now. If convicted, Gianforte faces a $500 fine or six months in jail, or both. What set the Montana incident apart was its "brazenness", she said. But it turned out the incident was witnessed by a Fox News crew , who soon provided a far more violent account of events. Read More

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Pinnacle Bank Invests $891000 in Wells Fargo & Co

Pinnacle Bank Invests $891000 in Wells Fargo & Co

Tightening the gaze, stock performance for the last 5 trading days is -1.26%. It has underperformed by 9.11% the S&P500. Vanguard Group Inc. boosted its stake in Wells Fargo & Co by 3.5% in the first quarter. Piper Jaffray downgraded the stock to "Underweight" rating in Friday, April 15 report. Finally, Instinet decreased their target price on shares of Wells Fargo & Co from $65.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, April 19th. Read More

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Telecom sector disappointed with GST rates

According to the Council, services like education and healthcare would continue to be exempted from the tax ambit. "It is shocking to see the government is classifying watching movies as luxury and subjecting us to the similar tax structure as of five-star hotels and casinos", said Nitin Sood, CFO of PVR, a leading multiplex company for which entertainment tax is 26-27 per cent on tickets and 12 per cent on food and beverages. Read More

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U.S., China ink trade deal

U.S., China ink trade deal

China agreed to give "full and prompt market access" to payments companies , like Mastercard Inc . Additionally, he explained the strategy behind creating the trade deal . The unexpectedly friendly meeting between the U.S. and Chinese presidents in April is showing signs of bearing fruit - but it is not clear how much. Read More

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U.S. extends Iran nuclear deal sanctions relief, imposes new ballistic missile sanctions

U.S. extends Iran nuclear deal sanctions relief, imposes new ballistic missile sanctions

The agreement must be renewed every 120 days, or about every four months. Should the victorious candidate decide to prioritize issues which provoke its agreement partners or declare that the economic benefits of the JCPOA do not merit its continuation in the current format, there is a heightened risk that President Donald Trump will retreat from his side of the deal. Read More

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Police make more arrests in Manchester bomb but leaks feared

In a televised message, Prime Minister Theresa May announced that Britain's terror threat level will remain at critical . Troops have been deployed to free up police officers for patrols and investigations. "And as I've said, it continues at a pace". He criticized media for publishing such material. A Polish couple who had come to collect their daughters after the concert also died, Poland's foreign minister said. Read More

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Hong Kong disagrees with Moody's downgrade

Hong Kong disagrees with Moody's downgrade

China was downgraded to A1 from Aa3, the first downgrade it has been hit with since 1989. "It overestimated the difficulties that the Chinese economy is facing. While China's leaders acknowledge the necessity for effectively containing financial risks and asset bubbles, financial authorities wary of knocking economic growth, are not ready to raise short-term interest rates and tighten regulation. Read More

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GOP House hopeful keeps low profile after assault charge

And with Secretary of Interior Ryan Zinke once holding the congressional seat Gianforte is going for - and winning two elections back-to-back - it looks like an uphill battle for Gianforte's opponent. Jacobs dismissed that version of events. Gianforte says. "The last guy that came in here did the same thing". Senator Jon Tester released a statement that said "This is in the hands of law enforcement". Read More

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