Business

Business Fitch downgrades South Africa to junk status following political turmoil
Author: 0 Fitch downgrades South Africa to junk status following political turmoil

Pictures shared on social media on Friday showed large crowds assembling in Church Square in Pretoria, despite confusion over whether demonstrations in the capital are permitted by law. While the size of the protests took many government officials by surprise, public opposition to Mr Zuma's rule had been growing steadily for the past few years because of his poor handling of the economy and allegations that he and his allies are corrupt.

Author: 0 UK Parliament vote overwhelmingly in favour of holding a June 8 election

The Scottish National Party (SNP) has signalled its MPs will abstain in the vote and Labour and the Liberal Democrats , while accusing May of political opportunism, have welcomed the prospect of an early election. Former Treasury chief George Osborne, a leader of the losing campaign to keep Britain in the European Union , says he won't be a candidate in the June 8 elections.

Author: 0 South Korea on heightened alert as North readies for army celebration

The statement includes a Security Council demand that "the Democratic People's Republic of Korea conduct no further tests". South Korean presidential candidates clashed on Wednesday night in a debate over the planned deployment in South Korea of a USA -supplied Terminal High Altitude Area Defense (THAAD) anti-missile system, which has angered China.

Business US rig count rises 10 this week to 857; Texas up 6
Author: 0 US rig count rises 10 this week to 857; Texas up 6

In the offshore space, the rig count continues to buoy at decreased levels, however. Two rigs remain categorized as "miscellaneous". The offshore count, now at 20 overall, is down six rigs year-over-year. South Texas' Eagle Ford Shale oil and natural gas play saw the largest uptick in drilling activity with three new rigs coming online. "Commensurate with the pace of rig additions".

Author: 0 Oil eases from 5-week high, United States output rise undermines rally

If Wednesday's price rises hold, they would mark the seventh straight daily increase. The report also showed that gasoline inventories decreased by 2.973 million barrels, compared to expectations for a draw of 1.721 million barrels, while distillate stockpiles fell by 2.153 million barrels, compared to forecasts for a decline of 0.885 million.

Author: 0 British Parliament backs PM's call for June general election over 'Brexit'

The general election was due in 2020 but the Fixed Term Parliaments Act allows for this to be held earlier provided there is support from a minimum of two-thirds of MPs. The Sun , Britain's top-selling newspaper, splashed the headline "Blue Murder" - a reference to the Conservatives' party colour and the prospect of Labour losing dozens of seats.

Author: 0 UK parliament votes in favour of early national election

There were also a number of abstentions. But May won the day with a commanding majority. The opposition Labour Party and the Liberal Democrats welcomed May's surprise call on April 18 for the early poll, while the Scottish National Party (SNP) signaled that its deputies would abstain in the vote.

Business Customers to have discretion to pay service charge at restaurants
Author: 0 Customers to have discretion to pay service charge at restaurants

Earlier in January, the Department of Consumer Affairs had asked state governments to advise hotels or restaurants to display information on their premises that "service charges" are discretionary. The charge is neither hidden nor disguised. "A customer patronises a food outlet with the full knowledge that he or she will be levied a service charge".

Author: 0 McLaren confirm Jenson Button will replace Fernando Alonso at Monaco Grand Prix

McLaren have failed to score any points in two races this season and last won a race in 2012, leaving double champion Alonso frustrated with their lack of success. After all, he's missed only a handful of races since Abu Dhabi past year, and he's as fit as a fiddle. "I really would like to do a NASCAR race, but being part of a project, especially like Haas or like Honda in Formula 1 and developing everything, making sure the team arrives to the top level, is something more important".

Author: 0 No one will be fired in United passenger dragging incident

Airline chief executive Oscar Munoz said he took full responsibility for " making this right " after footage of the incident was criticised widely on social media. He also promised that such incident would never happen again, and that they would treat their customers with dignity. After Dao's bloodied visage went viral in videos posted by fellow fliers, Munoz apologized for having to "re-accommodate" customers and characterized the doc as "disruptive and belligerent".

Author: 0 Netflix to exceed 100 mn global subscribers over the weekend

However, the company said it had 98.75 million subscribers globally at the end of March and expected to cross the 100 million mark this weekend. USA paid net additions of 1.47 million missed guidance of 1.96 million by even more. Netflix finished 2016 with 93.8 million subscribers worldwide. Since Netflix is not dipping into the live television streaming field it does not stand to compete with other sites such as PlayStation Vue, DirecTV and YouTube TV.

Author: 0 Oil prices flat in choppy trade, rising U.S. production weighs

USA crude oil production rose to 9.25 million barrels per day, official data showed, up nearly 10 percent since mid-2016. In 2017, demand for OPEC crude is projected at 32.2 mb/d, around 0.6 mb/d higher than the 2016 level. That could indicate fading strains from an oversupplied market, though US crude oil production continues its build beyond 9 million barrels per day, offsetting the decline in oil inventories to some extent.

Business Range Resources Corp. (RRC) Upgraded to
Author: 0 Range Resources Corp. (RRC) Upgraded to "Buy" at Evercore ISI

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -15.95%, and has a poor year to date (YTD) performance of -9.56% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

Author: 0 Williams the OT hero as Caps beat Leafs in Game 5

In a game where the Leafs deserved a better fate, Justin Williams scored 64 second into overtime , shooting from the slot. The difference in expectations in this series is nearly comical: The Leafs' season is already a successful one, no matter what happens next.

Author: 0 Five held in Belgian anti-terror probe

He was 39-year-old Paris resident, Karim Cheurfi. Known to French security services, Cheurfi had served almost 15 years in prison after being convicted of three attempted murders, two against police officers, and was released on parole in 2015.

Author: 0 Kim Jong Un condemns Syria strikes, intensifies anti-U.S. propaganda

The row between Russian Federation and the United States came ahead of a Security Council ministerial meeting next week on North Korea that will be chaired by US Secretary of States Rex Tillerson . "Everybody's been outplayed, they've all been outplayed by this gentleman and we'll see what happens", Trump said. In Moscow, Russian Foreign Minister Sergey Lavrov told reporters he hopes "there will be no unilateral actions like those we saw recently in Syria and that the USA will follow the ...

Author: 0 Bus bombing suspect hoped to profit off attack, officials say

The 28-year-old man, a dual German and Russian national identified as Sergei V., had bought options on Borussia Dortmund's stock before the attack, hoping to make a profit, it said in a statement . The three explosive devices shattered windows and injured Bartra. A motorcycle police officer suffered inner ear damage from the blast. "The fact that no further people were injured or killed was, as we now know, purely a matter of luck", it said on Facebook.

Author: 0 United Airlines CEO says overbooking incident won't happen again

Last week (April 9), the video of a man on board a United Airlines flight being forcibly removed from his seat by airport security, made global headlines. However, on an interview with Good Morning America , Munoz stated that he will not step down as the CEO of United Airlines. "United Airlines needs to examine whatever managerial systems they have in place that allowed this to happen and fix them because what was done makes no sense at all", he says.

Author: 0 Video Shows What Happened Before Man Was Dragged From United Flight

Airlines do have legal protection if they act in a reasonable way when refusing to transport a passenger that is a threat to himself or other passengers, Harakas said. "You saw us at a bad moment", Munoz said. The 69-year-old man who got hurt on the plane is still in the hospital in Chicago . A lawsuit hasn't been filed.

Business Sports Direct Scores Eastern Outfitters Brands For $101 Million
Author: 0 Sports Direct Scores Eastern Outfitters Brands For $101 Million

It has bought the debts of parent firm Eastern Outfitters and lent it money. When it filed for bankruptcy in early February, Eastern Outfitters had 51 Eastern Mountain Sports and 35 Bob's Stores locations. "What is not required, in our view, is a major, and not low-priced, distraction, 3,000 miles away", argued analysts at Peel Hunt. The retailers shares, which initially rose following the announcement have subsequently fallen.

Business Cadence Design Systems (CDNS) Receives Media Sentiment Rating of 0.37
Author: 0 Cadence Design Systems (CDNS) Receives Media Sentiment Rating of 0.37

If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The stock's market capitalization is 8.97B. Perhaps, that suggests something about why 4.17% of the outstanding share supply is held by institutional investors.

Business Canada inflation rate cools in March as food prices drop
Author: 0 Canada inflation rate cools in March as food prices drop

According to the report from Statistics Canada, consumer price index (CPI) for March increased 0.2% from the previous month, compared to forecasts for a 0.4% rise and after a 0.2% increase in February. The governor also said the USA economy is further along than Canada's. "It fits their narrative, and this notion there is no rush to hike", at the central bank, Jimmy Jean, a strategist in the fixed-income group at Desjardins Capital Markets in Montreal, said by phone.

Business Britain must pay EU divorce bill in euros: Document
Author: 0 Britain must pay EU divorce bill in euros: Document

The Prime Minister received a Brexit boost on Wednesday, with US House of Representatives speaker Paul Ryan saying the US stands ready to strike a free trade deal with the United Kingdom as soon as possible. "The good news, from a European point of view, is that she would be less fragile for all the concessions that she is going to have to make", another European diplomatic source said.

Author: 0 Oil Extends Gain Above $52 as Russia Weighs Output Cut Extension

Saudi Arabia has cut more than it pledged, which has helped compensate for less stringent compliance by other signatories to the deal. It is said to have the support of a key OPEC committee that is responsible for monitoring countries, and ensuring they are complying with an agreement to reduce oil output.

Author: 0 France's 11 presidential hopefuls stake out positions on TV

The European project will face its next test on Sunday, as the people of France head to the polls to participate in the first round of the French presidential elections. The candidates learned about the attack on air, and adjusted their closing remarks accordingly. "Imagine that Marine Le Pen has 90-percent turnout for her and 70-percent turnout for the challenger".

Author: 0 HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy'

The firm now has a GBX 330 ($4.15) price target on the investment management service provider's stock. This was revealed in a note on 19 April. Shares of HSBC Holdings plc ( NYSE:HSBC ) traded down 0.984% during mid-day trading on Wednesday, hitting $39.765.

Business O'Reilly fired from Fox News, still denies allegations
Author: 0 O'Reilly fired from Fox News, still denies allegations

O'Reilly is fully committed to supporting our efforts to improve the environment for all our employees at Fox News ". Despite increased viewers, dozens of advertisers pulled their commercials from "The O'Reilly Factor" because of the allegations.

Author: 0 BP well in Alaska leaking gas after unknown incident

Based on aerial pictures, the release appears to be contained to the gravel pad surrounding the well head and hasn't reached the surrounding tundra, BP said in a statement. DEC is coordinating with BPXA and the Alaska Oil and Gas Conservation Commission to investigate the cause. Output there rose to 565,000 bpd in March, its highest level since December 2013.

Author: 0 Lloyds bank bailout repaid in full, Philip Hammond claims

A number of research analysts recently commented on LLOY shares. Shares of Lloyds Banking Group PLC (ADR) (NYSE:LYG) inclined 1.37% to $3.33. FireEye, Inc. Lloyds Banking Group PLC (LON:LLOY) traded up 0.63% during midday trading on Monday, hitting GBX 64.06. "Not only will this remove a technical headwind to the share price, it will be an important milestone for the company and its staff".

Author: 0 Federal finance minister, Ontario counterpart, Toronto mayor talk housing today

The number of sales in Metro Vancouver plunged in the wake of the new tax, but the market appears to have bounced back since. The solution from Vancouver, on the west coast, was to impose a foreign buyer tax . Neither of Ontario's opposition parties objected to any of the government's proposed measures. "I'm very mindful of any unintended consequences from the measures that we take", he said.

Author: 0 Oil futures slip as analysts determine market still flooded amid production increases

Traders focused on preliminary U.S. production estimates included in the weekly report from the U.S. Energy Information Administration (EIA) that suggest domestic output is still climbing. Brent crude, the worldwide benchmark for oil, was down 8 cents from its previous close at $55.90 per barrel at 1225 GMT. Despite the overarching sentiment that the American Petroleum Institute would report a build late Tuesday afternoon, WTI was trading up 0.36% at $53.27 at 1:20pm EST, while Brent ...

Author: 0 Oil Prices Edge Higher From OPEC Boost

USA petrol stocks posted a counter-seasonal build of 1.5-million barrels, because of rising refining activity. Oil prices regained some ground on Thursday after steep losses the previous day, as Kuwait said it expected an OPEC-led effort to cut supplies would be extended beyond the middle of the year.

Author: 0 ISIS fighters killed by MOAB United States Army

Inamullah Meyakhil, spokesman for the central hospital in eastern Nangarhar province, said the facility had received no dead or wounded from the attack. The GBU-43 bomb known as "Mother Of All Bombs" was dropped in Afghanistan targeting an IS complex. In the Afghan village of Achin , just a few miles from where the bomb hit, Palstar Khan said: Last night's bomb was really huge, when it dropped, everywhere, it was shaking.

Business Greece beats a key bailout target for 2016
Author: 0 Greece beats a key bailout target for 2016

But Athens needs a fresh infusion of funds soon to make its debt payments due in July. "The reality is that for the first five years we were constantly wrong on one side - we constantly overestimated the fiscal reforms", Thomsen said. The IMF also needs more clarification from Europe on the how it will implement the promised debt relief for Greece, he said. "The issue is not the targets but the credibility of targets being maintained over the medium term while the economy is growing", ...

Business Exxon seeks waiver from US sanctions on Russia
Author: 0 Exxon seeks waiver from US sanctions on Russia

The United States and the European Union imposed sanctions on Russian Federation in 2014 in response to Moscow's annexation of the Crimea region of Ukraine. "In Russia , we're there for the long term", CEO Darren Woods said in a February interview with Forbes . Rosneft officials have said that their joint venture with Italy's Eni S.p.A.

Author: 0 Brexit plans unchanged by United Kingdom snap election call

An early ballot will give the prime minister - or her replacement - more time to implement Brexit before another election . She also said Britain was leaving the European Union and "there can be no turning back". Labour was reportedly considering calling for a second referendum to win over Remain voters who may be tempted to switch to the Liberal Democrats , who have promised a national poll on the final UK-EU deal.

Author: 0 Delta Airline to pay passengers $10,000

He noted that the board of United Continental Holdings Inc has supported him. The video of a passenger being forcibly removed from an overbooked flight has been watched by millions. Lawyers for Mr Dao reported that their client, a physician from Pennsylvania, sought treatment for unspecified injuries at a local hospital following the incident.

Author: 0 Oil set for longest gain since 2012 as Saudis seen extending cut

US West Texas Intermediate ( WTI ) crude futures gained 18 cents to be traded at $53.58 a barrel, which is also their highest price level since early March. OPEC meets on May 25 and is considering whether to extend the supply cut deal beyond June. The report said crude oil inventories fell by 2.17 million barrels in the week ended April 7th compared to economist estimates for an uptick of 87,000 barrels.

Author: 0 Trump Says Paris Attack Will Influence France's Election

The incident was small compared with the terror attacks that the French have witnessed recently - often leaving dozens dead - but its timing in the midst of the country's most volatile election in years has raised alarm on already tense streets around the country.

Business New Residential Investment Corp (NYSE:NRZ), Colgate-Palmolive Company (NYSE:CL)
Author: 0 New Residential Investment Corp (NYSE:NRZ), Colgate-Palmolive Company (NYSE:CL)

The return on equity ratio or ROE stands at 16.8 percent while most common profitability ratio return on investment (ROI) was 3.5 percent. Analyst's mean target price for BAC is $25.45 while analysts mean recommendation is 2.10. On the bright side, the company's share price has been on the rebound, up more than 64.73% since hitting lows of $10.32 on April 18, 2016. COPYRIGHT VIOLATION NOTICE: This article was first reported by Markets Daily and is owned by of Markets Daily.

Author: 0 Delta to offer passengers nearly $10000 for seats

Under the bill, passengers could not be removed from flights unless they were presenting a danger to themselves or others, an emergency was taking place or the passenger had caused a serious disturbance. In the immediate wake of the incident, United's shares dipped roughly 4 percent, eroding almost $1 billion in the company's market value. The three officers, who have not been named, were put on paid leave last week, the department said.

Business Japan shifts TPP course due to concerns over bilateral talks
Author: 0 Japan shifts TPP course due to concerns over bilateral talks

The Nikkei Asian Review reported Japan's deputy prime minister, Taro Aso, as saying the remaining participants would "begin talks on implementing the deal in May" during a speech in NY. On Thursday, International Monetary Fund Managing Director Christine Lagarde told a press conference that protectionist trade policies should be avoided, describing trade as a growth engine.

Author: 0 Pagegroup PLC (MPI) Upgraded to Buy at Kepler Capital Markets

Therefore 100% are positive. Admiral Group PLC had 128 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has "Buy" rating by Investec given on Monday, February 1. The stock of RPC Group PLC (LON:RPC) earned "Buy" rating by Canaccord Genuity on Thursday, January 28. Barclays Capital has "Equal Weight" rating and GBX 1870 target.

Author: 0 Marlins lose to the Mariners

Other players, both for the Marlins and Mariners, were similarly awed by the moment. "He's the king, man", said Edinson Volquez, who started the game for the Marlins (via the Miami Herald ). That allowed the Marlins to get even when Stanton started the third inning by crushing a 3-1 changeup for a 445-foot homer to center. But the story wasn't the hits the Mariners gave up.

Author: 0 Nintendo sold over 906k Switch consoles in the United States last month

According to a recent statement by Nintendo, the newly released Nintendo Switch is the fastest selling console in history for the company. Fiscal-year earnings release set for April 27. Remarkable feat number two: Nintendo sold 1.3 million copies of The Legend of Zelda: Breath of the Wild , the company's $59 "open air" take on its fabled fantasy franchise.

Author: 0 Corbyn targets 'tax-dodging wealth extractors' in election campaign

Nicola Sturgeon is to launch the SNP's campaign for the forthcoming council elections, characterising the contest as a "clear choice" between her party and the Tories. Corbyn wants to change the direction of the campaign, focusing instead on the unfairness of a system he condemns as rigged in favour of the wealthiest.

Business Champs Elysees Shooting What we know about Paris attack
Author: 0 Champs Elysees Shooting What we know about Paris attack

It has yet to be confirmed what motivated the gunman, who is believed to have shot a police officer dead and injured two others. A French national, the man shot two officers in 2001 after being stopped by a police auto, according to the source.