Money

Asian Markets Mixed, Moody's China Cut Hits Local Stocks

Asian Markets Mixed, Moody's China Cut Hits Local Stocks

The ministry said in a statement: "It overestimates the difficulties facing the Chinese economy and underestimates the government's ability to deepen supply-side structural reform and appropriately expand overall demand". China's economic growth may face more headwinds in the second half, sparking risk aversion at some point late this year. Hong Kong's Finance Secretary Paul Chan said the credit agency "mechanically" downgraded the city's credit without taking into account fundamentals. Read More

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Merkel: Europe must stay united in face of ally uncertainty

Merkel: Europe must stay united in face of ally uncertainty

Even as Merkel Sunday continued to urge Europe to take responsibility for its own future, she reiterated the need for continued cooperation with other states. Merkel made similar comments shortly after Trump's November election. But EU Council President Donald Tusk said on Sunday he was more optimistic now - compared to after the USA election last November - following Mr Trump's meetings with EU leaders in Brussels . Read More

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OPEC extends cuts in oil output by nine months

OPEC extends cuts in oil output by nine months

OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers, many of which rely heavily on energy revenues and have had to burn through foreign-currency reserves to plug holes in their budgets. It is estimated that the nine-month extension can further increase United States production, which can offset the initiative to rebalance the market. Read More

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Hassan Rouhani re-elected as Iranian president

Hassan Rouhani re-elected as Iranian president

Saturday evening saw tens of thousands of his supporters celebrating by pouring into the streets of downtown Tehran , setting off fireworks, and singing and dancing until the early hours of Sunday morning. The re-elected Rouhani will also have to navigate a tricky relationship with Washington. The expert pointed to the Iranian nuclear deal and said that since Rouhani does not seek fraction with the United Sates, therefore, there is no risk for the deal's obstruction. Read More

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Arsenal beat Chelsea 2-1 to win record 13th FA Cup

Arsenal beat Chelsea 2-1 to win record 13th FA Cup

If it was, as Antonio Conte claimed, the crushing defeat away to Arsenal last September that shaped Chelsea as champions then this was a final where they lost their shape and lost a man. Now the focus for Arsenal turns toward the summer and what will happen in the transfer market. "I'm especially proud of the way we won this season , in the semi-final we had to play against Man City here and in the final Chelsea here, you can not get tougher and we had two outstanding ... Read More

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KISS cancels concert in Manchester after terrorist attack

A police statement didn't provide any details about why the man was arrested , but noted that the department's investigation of Monday's bombing after an Ariana Grande concert was " fast-moving ". ISIS took responsibility for the bombing early on Tuesday, although their claim has not been confirmed . A third relative, Abedi's older brother Ismail, was arrested in Manchester . Read More

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Conte frustrated by slow-starting Chelsea, and referee

Conte frustrated by slow-starting Chelsea, and referee

The former Germany global responded with an imperious defensive display, providing the bedrock for Arsenal to secure a stunning 2-1 win that gave them a record 13th FA Cup . "We showed strength, unity and played spectacular football ". "The season was incredible for us". "He's been fantastic for me, fantastic for these players". Read More

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Reaction to the death of music legend Gregg Allman

He was the lead singer of the southern rock ground The Allman Brothers Band . Allman's rep confirmed to Rolling Stone that the artist died Saturday afternoon. "I'm grateful for every gold record, good review and award I've ever received, but I'm just so into what I'm doing and that's where my focus is". His latest solo release was in 2015 with a live album titled, " Live: Back to Macon, Ga ". Read More

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Pure Industrial Real Estate Trust (AAR) Price Target Raised to C$6.75

Pure Industrial Real Estate Trust (AAR) Price Target Raised to C$6.75

COPYRIGHT VIOLATION WARNING: "Somewhat Critical Media Coverage Extremely Likely to Affect Investors Real Estate Trust (IRET) Share Price" was posted by Markets Daily and is owned by of Markets Daily. Joseph F. Coradino as Chairman and Chief Exec. Officer. Gulf Intl Savings Bank (Uk) Ltd invested in 0.04% or 25,320 shares. Wisconsin-based Oarsman Incorporated has invested 0.71% in QUALCOMM, Inc. Read More

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Vitec Group plc (VTC) PT Raised to GBX 1100 at Peel Hunt

About shares traded. TheStreet, Inc. VeriFone Systems Inc (NYSE:PAY) has declined 31.93% since May 24, 2016 and is downtrending. It has underperformed by 33.33% the S&P500. It now has negative earnings. First Manhattan reported 2.28M shares. Shares of Hansteen Holdings plc ( LON:HSTN ) opened at 128.40 on Tuesday. It has underperformed by 16.70% the S&P500. Read More

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Petra Kvitova to play at French Open

Petra Kvitova to play at French Open

The 2-time Wimbledon champion has been off the circuit since severely injuring tendons in her left hand during a home invasion last December . Adding to the uncertainty for the claycourt grand slam which starts on Sunday, defending champion Garbine Muguruza , who has not won more than three consecutive matches on the red dirt this season, was handed a tough first-round draw against 2010 champion Francesca Schiavone of Italy. Read More

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Arsene Wenger's future 'will all be very clear' next week

When pressed further by a reporter about whether he feels he is the right man for the club, he said, "Look, I believe because you can not make 30-35 years at the top level if you don't believe you're the right man to do the job". "We had some hard moments but I spent every minute of my season on full commitment and we never give up and that is why today I am more proud than usual because the team and myself refused to give up and we finished the job in a positive way". Read More

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Brokerages Set Royal Mail PLC (RMG) Price Target at $463.82

Therefore 48% are positive. Analysts expect Abacus Mining and Exploration Corp (CVE:AME) to report $0.00 EPS on May, 25. 22/02/2017 - Wood Group (John) had its "Hold" rating reiterated by analysts at Jefferies. The stock has "Hold" rating by Bankhaus Lampe on Monday, August 3. The stock has "Overweight" rating by JP Morgan on Thursday, November 24. The rating was maintained by HSBC with "Buy" on Thursday, December 1. Read More

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(XOM) Now Covered by Analysts at Maxim Group

The company has a market cap of $345.55 billion, a price-to-earnings ratio of 34.02 and a beta of 0.91. The stock went up 0.83% at some stage in past quarter. Seaward Mngmt Partnership stated it has 67,592 shares or 0.43% of all its holdings. Fenimore Asset Management holds 17,566 shares or 0.07% of its portfolio. Read More

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OPEC extends oil supply curbs as glut persists

The price of West Texas Intermediate oil, the USA benchmark crude, declined 3.8% to $49.39 at 1:06 p.m. Oil producers today chose to extended cuts in oil output by nine months to March 2018, amidst a global glut of crude and rising United States shale gas production which saw prices more than halve in the past three years. Read More

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Sugar, tea, coffee, milk powder to cost less under GST

Sugar, tea, coffee, milk powder to cost less under GST

Telecommunication services now attract a service tax of 14 per cent, along with Swachh Bharat Cess (SBC) of 0.5 per cent and 0.5 per cent Krishi Kalyan Cess (KKC). Automotive manufacturers also claimed that such high tax rates on hybrid vehicles can act as a deterrent and affect the government's long-term plans for promoting electric vehicles. Read More

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Nigeria lucky again as OPEC extends oil output cut by 9 months

Strict compliance level among OPEC members can increase oil prices to $50-$55 a barrel range from sub-$50, but it will also encourage U.S. shale producers to boost production, limiting output-cut effects. Wood Mackenzie said that, if meetings Thursday result in agreements to a deeper cut in production, oil would move to just over $60 per barrel. The oversupply of oil in the market should not persist past the third quarter as inventory numbers are declining and continue moving in a ... Read More

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US Inks China Trade Deal Promoting Finance Services, Beef

US Inks China Trade Deal Promoting Finance Services, Beef

US Commerce Secretary Wilbur Ross told reporters at the White House that the deal will help reduce the US trade deficit with China , which reached almost $350 billion previous year. "We look forward to providing almost 1.4 billion new customers in China with the same United States beef that we feed our families". But those commitments came alongside an agreement for China to resume imports of USA beef and to speed up its approvals of genetically modified crops and other ... Read More

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Opec Considers Nine-Month Extension in Output Cut

Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries ( OPEC ), according to the Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih. The minister rejected the notion that the group's efforts to stabilise the oil price would be hampered by United States oil production rising off the back of the Opec deal. Read More

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North Korea poses threat to China, Russia

North Korea poses threat to China, Russia

The head of the U.S. Pacific Command warned Wednesday that the combination of ballistic missiles and nuclear warheads in the hands of North Korean leader Kim Jong Un represents "a recipe for disaster". If it's under the, again, under the right circumstances. In April Trump had said Seoul should pay as much as $1 billion for the missile defense system. Read More

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National Retail Properties, Inc. (NNN) Stake Increased by Shell Asset Management Co

National Retail Properties, Inc. (NNN) Stake Increased by Shell Asset Management Co

Mutual of America Capital Management LLC now owns 112,031 shares of the real estate investment trust's stock worth $5,697,000 after buying an additional 5,027 shares during the period. It has a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, April 26th. Finally, TheStreet cut Retail Properties of America from a "b-" rating to a "c+" rating in a research note on Friday, February 17th. Read More

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Stocks Roundup Cheniere Energy, Inc. (NYSEMKT:LNG), Huntington Bancshares Incorporated (NASDAQ:HBAN)

It has outperformed by 34.61% the S&P500. Janney Montgomery Scott Lc reported 0% in Community Financial Corp (NASDAQ:TCFC). $106,976 worth of stock was bought by GROSS JONATHAN S on Wednesday, March 8. The rating was upgraded by Howard Weil on Tuesday, June 14 to "Sector Outperform". Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 4th. Read More

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Ramsey fires Wenger to record seventh FA Cup

Welbeck also called the win "a great team performance" after Aaron Ramsey found the winning goal three minutes after Diego Costa had equalised for 10-man Chelsea . "I'm happy for the manager", Ramsey said on the pitch. With all of our problems, we can't do anything but trust Wenger in his plans. But for all that, it's one game where all that matters is who shows up. Read More

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Thunderstorms leave behind damaged homes, power outages in Iowa

The National Weather Service issued a tornado warning in the Texas Panhandle Tuesday afternoon and a tornado watch from the Panhandle through western Oklahoma and into western Kansas in addition to much of northern Wisconsin . The storm struck about 7:15 p.m. a subdivision south of Elk City, Oklahoma , almost 110 miles west of Oklahoma City. Two people died and dozens were injured when tornadoes flattened a housing subdivision in Oklahoma and a mobile home park in Wisconsin ... Read More

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Oil Holds Advance as Saudis, Russia Favor Output Cut Extension

The agency trimmed its estimate for first-half global demand growth by 115,000 barrels a day, citing weaker consumption in "previously solid countries" like India and the US, yet kept the full-year growth forecast steady. Crude oil inventories in the United States are expected to fall for a sixth straight week, by 2.3 million barrels, according to a Reuters poll of seven analysts ahead of weekly inventory reports from the American Petroleum Institute and the US Energy Information ... Read More

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Oil drops after OPEC-led output cut extension falls below expectations

While stubbornly high global inventories have taken longer than expected to drain, signs that USA stockpiles are easing from a record had added to the optimism. For the week, Brent oil futures were 2.7 per cent lower and WTI declined 1.1 per cent. "Some market participants may have expected either a deeper cut, a longer one, inclusion of more countries, or other such icing on the cake", the bank said . Read More

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Opec extends output cut by nine months

While he expects a "healthy return" for US shale, that won't derail OPEC's goals, he said. On Thursday, OPEC agreed to keep its own cuts of around 1.2 million bpd in place for nine months, Kuwaiti Oil Minister Essam al-Marzouq said. Motorists headed out for extended trips during the Memorial Day weekend are facing moderate gasoline prices as crude oil prices slumped massively after OPEC extended their production cuts through March 2018. Read More

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OPEC excludes Nigeria, Libya in 1.8m bpd oil output cut

OPEC excludes Nigeria, Libya in 1.8m bpd oil output cut

OPEC is to extend oil production cuts for nine more months after last year's landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery. Extension term of OPEC deal on cutting oil production is not important for Russia, Russian Energy Minister Alexander Novak told journalists. Brent crude oil prices have rallied from lows of below $48 per barrel in the first week of May. Read More

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