Economy

Non-OPEC producers including Russian Federation also agreed to cut production through March, said Bijan Namdar Zanganeh, Iran's minister of petroleum, according to Bloomberg . " We have to wait and see that the militancy effects are out and the infrastructure is rebuilt and we're back to production ", he said. Hence, the oil market is disappointed that OPEC did not deliver more today, either in terms of deeper production cuts or a longer extension.
  • US Market Indexes Lower on Tuesday

    US Market Indexes Lower on Tuesday

    Economy

    The Nasdaq Composite (COMP - 6,203.19) closed down 7 points, or 0.1%. Yet another sign that the job market continues to improve is driving stocks and bond yields higher on Thursday. Japanese shares fell as the dollar hit two-week lows against the yen. It was the Nasdaq's seventh straight monthly advance, ending up 2.4% for May.
  • World leaders reaffirm commitment to fighting climate change

    Economy

    During his presidential campaign and in the weeks following his inauguration, he had made it amply clear that he does not believe in climate change and that he would do everything at his command to roll back all climate actions initiated by his predecessor, Barack Obama .
  • BA travel problems enter 3rd day as most services resume

    Economy

    The airline said its systems are "back up and running" but accepted that work to reunite passengers with their bags is "continuing". Experts also told the BBC that IT crash had seriously damaged the airline's brand reputation that could impact on summer travel bookings causing further losses.
  • Theresa May: Back my vision of brighter Brexit future

    Theresa May: Back my vision of brighter Brexit future

    Economy

    That could leave the Tories 16 seats short of the overall majority of 326 needed to govern without the support of other parties. When May called the election , polls indicated a 12-point lead for the Conservatives but recent polls have shown the opposition Labour Party gaining.
  • China defends economic policy after Moody's downgrade

    Economy

    Moody's has cut its credit rating for Hong Kong hours after downgrading China for rising debt levels, which it said would have "significant impact" on the Asian financial hub due to their close links. Given China's growing structural weaknesses to achieving current growth targets, further stimulus is expected to contribute to rising economic debt. "We do not think that the reform effort will have sufficient impact, sufficiently quickly, to contain the erosion of credit strength associated ...
  • New UK Poll Sees Conservatives Drop, Labour Popular with Youth

    Economy

    A new set of polls shows the Labour Party has cut the Conservatives' lead from around 18 points down to single digits. However, under the model - based on 50,000 interviews over one week - the Conservatives could get anywhere between 274 and 345 seats, meaning they could also increase their majority.
  • Financial Review of General Motors Company (NYSE:GM)

    Economy

    P-R Herzig & Co increased Ford Mtr Co Del (F) stake by 27.41% reported in 2016Q4 SEC filing. "Plus, we continued to see strong F-series performance, with sales and share rising this year, along with average transaction pricing". RBC Capital Markets maintained the shares of F in report on Friday, April 29 with "Sector Perform" rating. LaNeve said that's because of the increase in fleet sales, and that the company doesn't pay much attention to the rivalry.
  • BlackBerry up nearly 11% after report says it's a likely acquisition target

    BlackBerry up nearly 11% after report says it's a likely acquisition target

    Economy

    The firm has "Hold" rating given on Monday, September 28 by Deutsche Bank. Raymond James Financial, Inc. restated a "mkt perform" rating on shares of BlackBerry in a report on Tuesday. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Citron was first to accuse Valeant Pharmaceuticals International Inc (VRX.TO) of inflating its revenues via a related pharmacy channel in 2015, prompting that company to overhaul its business model.
  • Reiterates Neutral Rating for AstraZeneca plc (AZN)

    Economy

    Therefore 33% are positive. Telenav has $15 highest and $15 lowest target. The stock has an average rating of "Hold" and an average target price of GBX 167.80 ($2.16). Fjarde Ap holds 0.03% of its portfolio in Gap Inc (NYSE:GPS) for 52,674 shares. Deutsche Retail Bank Ag holds 29,724 shares or 0% of its portfolio. Macquarie owns 39,476 shares or 0.02% of their USA portfolio.