Business

Author: 0 Moody's downgrades Hong Kong after China ratings cut

Moody's changed its outlook for Hong Kong to stable from negative, citing the government's vast cash pile it can use to ward off financial and economic shocks. World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months.

Business Father of Manchester bomber says he didn't expect attack
Author: 0 Father of Manchester bomber says he didn't expect attack

U.S. news site Politico reports both Ismail and Salman were known to British security services but neither had a criminal record. Dan Coats, the director of USA intelligence, said in congressional testimony on Tuesday that the claim had yet to be verified.

Business Lack of new launches leaves Ford playing catchup with GM
Author: 0 Lack of new launches leaves Ford playing catchup with GM

Those will vest through 2020, with the majority tied to performance goals. Hackett , 62, a former chief executive of furniture manufacturer Steelcase Inc, was named to replace CEO Mark Fields on Monday. Hackett will earn a $1.8 million annual salary, up from $716,000 at his previous job as chairman of the Ford unit developing self-driving cars and related projects.

Business TRAI defends decision to impose penalty on 3 firms
Author: 0 TRAI defends decision to impose penalty on 3 firms

Idea cellular added 680,000 subscribers and Vodafone India bagged 750,000 subscribers said a report of COAI . "It is well established that a penal action which is lower than the stipulated action is intra-vires (within our rights)", the regulator said.

Author: 0 Moody's downgrades Hong Kong credit rating after China cut

S&P has more negative outlooks - effectively downgrade warnings - than it does positive ones by a score of 26 to 5, its heaviest downward bias ever according to its chief sovereign analyst.After 20 EM downgrades a year ago, Fitch has already cut seven countries since the start of this one, including Turkey, South Africa and Saudi Arabia, and El Salvador twice.

Business Target CEO: Border adjustment tax would hurt my customers
Author: 0 Target CEO: Border adjustment tax would hurt my customers

The border tax proposal, which imposes a tax on imports while providing a credit for exports , has been proposed by House Republicans as part of a larger tax code overhaul . The border adjustment tax would have significant implications for retailers and other industries that import goods into the United States, including automobiles, technology, food and fuel.

Author: 0 Moody's Cuts Hong Kong Rating Following China Downgrade

Rating agency Moody's cut its credit rating for China on Wednesday, citing slowing economic growth and rising debt that it says will erode the country's financial strength. "We would also argue that markets had already priced in the risks arising from higher leverage and slower growth". Chinese economic growth has slowed significantly over the past years, from double digit GDP growth of 10.6% in 2010 to 6.7% in 2016 - the weakest level growth since 1990.

Author: 0 Internal Tesla Data Shows Injury Rates Exceed Industry Average, Report Claims

Doug Parker, executive director at Worksafe , said on a conference call that "the United Auto Workers called us because they are in the midst of an organization drive". market starting at $35,000 before any applicable government incentives. "In addition, the report analyzes Tesla's recent public statements that its injury rates have declined, which are based on a comparison of total injury rates between the first quarter of 2016 and the first quarter of 2017".

Business 8 guards, 7 inmates injured in California prison brawl
Author: 0 8 guards, 7 inmates injured in California prison brawl

Counselors were sent to the prison to help employees recover. The incident began at 10:25 a.m. PT on Wednesday when staff responded to a fistfight between two inmates in the general population yard at the prison's B Facility. They are expected to be released soon. As results, eight staff members and seven inmates were taken to a hospital with injuries, including gunshot wounds sustained by five inmates.

Author: 0 TPP trade deal moving forward without U.S.

The total trade among the remaining countries is approximately a quarter of what it would be had the United States not opt out. The agenda for the Washington visit has yet to be decided but McClay said he would want to talk further with Lighthizer about how New Zealand could work with the USA, particularly around trade in the Asia Pacific .

Author: 0 Massive slide covers stretch of iconic California highway

The Big Sur portion of State Route 1 is designated as a National Scenic Byway for its spectacular coastal vistas and is famed as one of the longest stretches of largely undeveloped shoreline in the continental United States. Thankfully, this section of the road had already been closed from an earlier slide, and work crews had left the area due to the unstable soil. Highway 1 at Mud Creek had already been closed to fix buckled pavement and remove debris from an earlier landslide triggered by ...

Author: 0 (CVX) Shares Bought by Mutual of Omaha Bank Wealth Management

With 909,000 avg volume, 1 days are for Ferro Corporation (NYSE:FOE)'s short sellers to cover FOE's short positions. About 111 shares traded. It is down 37.10% since May 24, 2016 and is uptrending. Ferro Corporation produces specialty materials that are sold to a range of manufacturers. The company has market cap of $565.15 million. The Company's divisions include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides.

Author: 0 Bitcoin soars above $2400 to all-time high

Blockchain is the technology behind bitcoin that many expect can have broader, transformative applications in industries such as financial services. Kelly and other analysts said bitcoin can one day replace investments such as gold. In addition to that exciting announcement and her evangelism for Bitcoin and the blockchain, Johnson also spent at least part of her speech calling upon the gathered members of the cryptocurrency community to continue to strive to improve the technology ...

Author: 0 CBO: 23 million fewer Americans insured under House GOP bill

The CBO projected the original AHCA would cause 24 million more uninsured people over the next decade. We see from CBO a forecast that says under this Republican bill you would see a wide disparity, with the less healthy seeing much higher bills and also older people seeing much higher bills.

Author: 0 Here are the gifts Trump and Pope Francis exchanged

Only President Trump , Pope Francis and the pope's translator, Msgr. In exchange, Trump presented the pontiff with a custom-bound, first-edition set of Martin Luther King Jr.'s works, an engraved stone from the King memorial in Washington and a bronze sculpture of a flowering lotus titled " Rising Above ".

Business Chilling photos show explosive used in Manchester bombing
Author: 0 Chilling photos show explosive used in Manchester bombing

In Libya , Abedi's brother - identified as 20-year-old Hashim Ramadan Abu Qassem al-Abedi - was arrested Tuesday night on suspicion of links to ISIS, said a statement from a Tripoli militia known as the Special Deterrence Force. Manchester suicide bomber, Salman Abedi . U.K. Prime Minister Theresa May raised the threat level of the country to critical Tuesday, indicating another attack could happen at any time.

Author: 0 Steel Dynamics Inc (NASDAQ:STLD) Institutional Investors Q4 2016 Sentiment

It has outperformed by 27.69% the S&P500. The analysts estimated sales for the higher end at 2612.5 million and lower end at 2470.2 million while the year ago reported sale was 2044.94 million. KeyBanc Capital Markets has "Overweight" rating and $25 target. (STLD), 3 of them rate its stock a hold. (NASDAQ:STLD) rating on Wednesday, October 21.

Business Psst, rural voters: you're getting screwed in Trump's budget
Author: 0 Psst, rural voters: you're getting screwed in Trump's budget

He says Congress may soon hear from Treasury Secretary Steven Mnuchin (mih-NOO'-shin) about a change in the deadline to raise the debt ceiling. Trump's budget would squeeze additional savings beyond that, but congressional aides say how much is not exactly clear.

Author: 0 Greece Says Vital Loan Payment Not Affected by Debt Talks Impasse

But time is running out for Greece as without the rescue loans it would struggle to meet a big repayment hump in July of some 7 billion euros ($7.8 billion). Greek unions today began two days of industrial action against cuts to pensions and tax rises insisted on by worldwide creditors and passed by Alexis Tsipras's leftist government.

Author: 0 Trump says he never 'mentioned the word' Israel in meeting with Russians

Trump stressed the common threat Iran presents to Israel and its neighbouring Arab countries, as well as the dangers of Tehran possessing a nuclear weapon, after meeting with Israeli President Reuven Rivlin on Monday. Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan (L), U.S. President Donald Trump (2nd L), Saudi Arabia's King Salman bin Abdulaziz Al Saud (2nd R) and King Abdullah II bin al-Hussein (R) of Jordan pose for a family photo in Riyadh , Saudi Arabia on May 21, 2017 .

Author: 0 Melania Trump appears to reject Donald's hand-hold, again

A spokesperson for the Civil Aviation Authority of Israel told AFP he was not aware of any flight taking that course before. Earlier in the trip, he traveled to Saudi Arabia , where he delivered a speech to dozens of leaders from Muslim-majority nations.

Author: 0 State Dept. summons Turkish ambassador over DC brawl

The unseemly incident added to U.S. Turkey called today for the removal of the U.S. diplomat coordinating the global coalition fighting the Islamic State group in Iraq and Syria, accusing him of backing Syrian Kurdish militias. Police barricaded the perimeter to separate the groups. Additional footage of the violent incident showed men in suits kicking protesters as officers from Washington DC's Metropolitan Police Department (MPD) attempted to break up the fight.

Business OPEC nearing deal to extend oil output cut to March 2018
Author: 0 OPEC nearing deal to extend oil output cut to March 2018

At 516.3 million barrels, US crude inventories were the smallest since mid-February, a sign that OPEC's efforts to reduce world supply are starting to have an effect in the United States, the world's largest oil consumer. Projects that the state oil company is developing by itself will keep output steady for at least six months, but Iran will need foreign expertise to tap new reservoirs, said Robin Mills, who previously worked in the country as a geologist for Royal Dutch Shell Plc and ...

Author: 0 Moody's China downgrade 'illogical', overstates debt

The Chinese government is facing the hard balancing act of trying to rein in the country's high levels of corporate debt while keeping the world's second largest economy growing at a steady clip. "And expected medium-to-high GDP growth in the coming years will also provide fundamental support for reining in local government debt risks". Government-led stimulus has been a major driver of growth over recent years, but the pump-priming has also been accompanied by runaway credit growth and has ...

Business Reporter alleges GOP hopeful Greg Gianforte body-slammed him
Author: 0 Reporter alleges GOP hopeful Greg Gianforte body-slammed him

After Jacobs left, Gianforte apologized to the Fox crew. Jacobs is heard saying: "You just body-slammed me and broke my glasses". He told the reporter he was "sick and exhausted of you guys" and to "get the hell out of here". She was outside of the room, but could see some of what happened. According to the audio tape, Jacobs' encounter with Gianforte turned violent when he tried to ask the candidate if he supported a Republican healthcare overhaul bill after the Congressional Budget ...

Author: 0 Analysts Consensus For London Stock Exchange Group (LON:LSE)

The rating was maintained by Barclays Capital with "Underweight" on Tuesday, November 24. The stock has "Outperform" rating by BNP Paribas on Friday, January 15. Goldman Sachs upgraded the stock to "Buy" rating in Wednesday, July 22 report. The rating was maintained by Numis Securities with "Buy" on Monday, December 5.

Author: 0 Constellation Brands, Inc. (STZ) Downgraded by Vetr Inc

About 110,348 shares traded. Constellation Brands, Inc . (NYSE:STZ) has risen 17.20% since May 23, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.The move comes after 9 months negative chart setup for the $34.05 billion company.

Author: 0 23 million more uninsured with GOP health bill, analysts say

It says provisions in the bill not related to health coverage, such as tax breaks, would increase the deficit $664 million. In those that made no change, accounting for about half the population, the CBO projected, premiums would fall by 4 percent in 2026, with younger people seeing substantial drops but older people paying more .

Author: 0 Federal Budget Proposal Cuts Holes In Safety Nets

Mulvaney's appearance was one of four slated on Wednesday as Trump Cabinet officials fanned out on Capitol Hill to defend Trump's budget, which contains jarring, politically unrealistic cuts to the social safety net and a broad swath of domestic programs.

Author: 0 Budget director gets heat over Trump's proposals

The proposed budget, for the fiscal year that begins October 1, was being delivered to Congress Tuesday, setting off an extended debate in which Democrats are already attacking the administration for trying to balance the budget on the backs of the poor .

Author: 0 Nigeria's GDP slips down for 5th consecutive quater

The economy shrank by 1.5 percent in 2016 for its first annual drop in 25 years, hit by a shortage of hard currency and lower revenues from its dominant oil sector as world crude prices stayed under pressure. Nigeria's debt profile is dominated by local debts, which are characterised by high interest rates. Growth in the non-oil sector was largely driven by the activities in the Agricultural sector, Information and Communication sector, Manufacturing sector, Transportation sector and other ...

Author: 0 Apple's iTunes is coming to the Windows Store

As we explained yesterday, the next big Windows 10 update is said to bring even more new features to the operating system, including a social app called "My People", support for Cortana smart speakers and Power Throttling to improve battery life.

Author: 0 Iran's President labels Trump's visit 'just a show'

However, concern grew when Mohammad Bagher Ghalibaf, a former Iranian Revolutionary Guards Corps (IRGC) pilot and the Mayor of Tehran since 2005, withdrew from the race in support of Mr. But even before the nuclear deal, Iran had cut budget expenditures and fixed its balance of payments. "Our missiles are for defence and peace", Rouhani said, adding that the USA expectations from Iran to halt its defensive missile programme is "an illusion".

Business Rocket Lab Reports Successful Launch Into Space From New Zealand
Author: 0 Rocket Lab Reports Successful Launch Into Space From New Zealand

Over the coming weeks, Rocket Lab's engineers in Los Angeles and Auckland, New Zealand will work through the 25,000 data channels that were collected during. Rocket Lab was given official approval last week to conduct three test launches from the remote Mahia Peninsula. The company's launch range, which was licensed to launch every 72 hours for the next 30 years, would mean the country would soon become the nation with the highest frequency of space launches anywhere in the world.

Author: 0 Moody's downgrades China's credit rating

The demotion indicates the bond rating firm regards China's capacity to meet financial commitments is "strong", as opposed to "very strong". Moody's rating places China on par with countries such as Japan, Saudi Arabia and Estonia. "What this ratings downgrade on China's debt boils down to is whether you fundamentally believe the Chinese government has the ability to write this debt off or not".

Author: 0 Melania Trump Snubs ANOTHER Of Donald's Attempts To Hold Her Hand

Trump has made an Israeli-Palestinian peace deal a major goal of his time in office. "Our fundamental problem is with the occupation, and settlements, and [the] failure of Israel to recognize the state of Palestine in the same way we recognize [Israel], which undermines the realization of the two-state solution", he added.

Author: 0 China stocks fall as Moody's downgrade deepens liquidity concerns

US stock futures were marginally higher on Wednesday ahead of minutes from the Federal Reserve's last meeting earlier this month, and after Moody's lowered the credit rating for China, the world's second-largest economy, amid concerns for rising debt levels and slowing growth.

Author: 0 Trump budget chief defends plan in face of opposition

What President Donald Trump wants to do is merely slow the growth of Medicaid spending, he said . A prominent conservative economist agreed there was a discrepancy. States would receive significantly lower overall payments from the federal government, and Washington would no longer match state spending on coverage for kids whose families make more than two-and-a-half times the federal poverty level, about $51,000 for a family of three.

Business Take Two Interactive Software's (TTWO)
Author: 0 Take Two Interactive Software's (TTWO) "Buy" Rating Reaffirmed at MKM Partners

Hudson's Bay Company had 40 analyst reports since September 11, 2015 according to SRatingsIntel. Fuller & Thaler Asset Management accumulated 0.19% or 250,620 shares. Analysts are looking for $2.2 billion in revenue for the year. State Bank Of Montreal Can holds 0% or 42,170 shares in its portfolio. The return on invested capital at 1.8%, which is good, compared to its peers.

Business Sherpas find four climbers dead in Everest camp
Author: 0 Sherpas find four climbers dead in Everest camp

The worst years are even more deadly. Khumalo is hoping it will be third time lucky for her, after her attempt in 2014 was abandoned when an avalanche killed 16 sherpa. "This is not just sad, it is totally irresponsible - to die from carbon monoxide poisoning is to break a basic rule of camping", he wrote on his blog.

Author: 0 Moody's Slashes China Debt Rating

The dollar and bond yields were steady, with investors growing gradually more confident that the Federal Reserve will raise US interest rates next month, while oil rose for a sixth straight day in anticipation of an OPEC-led output cut on Wednesday that may be extended to the first quarter of 2018.

Author: 0 Are Analysts Bullish about Esure Group PLC (LON:ESUR) after last week?

Barclays Capital maintained Esure Group PLC (LON:ESUR) on Monday, February 6 with "Overweight" rating. JP Morgan downgraded it to "Underweight" rating and GBX 70 target in Friday, July 8 report. 118 funds opened positions while 550 raised stakes. Brown Capital Management Llc owns 13.77 million shares or 3.65% of their USA portfolio. Kcg Inc has 0% invested in Cleveland BioLabs, Inc.

Author: 0 Engine fire causes emergency flight evacuation at Newark

Five people suffered minor injuries, it's believed, during the evacuation. After the crew was notified of the fire, they deployed the chutes and evacuated the plane. As for the evacuation slides, Tien said, "It is fun, but the pavement comes a lot faster than you think - and it is not soft". "We're grateful for the swift actions of our flight crew and we're thankful customers were safe", United said in a statement.

Business San Antonio Spurs Fan Sues Zaza Pachulia For Injuring Kawhi Leonard
Author: 0 San Antonio Spurs Fan Sues Zaza Pachulia For Injuring Kawhi Leonard

I just want to be able to equally push with both legs. Popovich on Monday called out the Warriors' starting center for the "dangerous" and "unsportsmanlike" closeout - which had Pachulia insisting he is not a dirty player. "We feel like we like our chances against anybody, no matter (who) is on the court", Warriors forward Kevin Durant said Tuesday night after a 136-100 victory over the Spurs , who played without injured All-Star forward Kawhi Leonard .

Business Ford cutting jobs to jump start stalled stock
Author: 0 Ford cutting jobs to jump start stalled stock

The automaker's product development unit and Ford Credit will be spared, as will operations in Europe and South America, which have already cut staff, and Africa and the Middle East, where Ford is trying to grow. Ford is planning a major round of layoffs that will cut up to 20,000 jobs around the world, according to reports published Monday. General Motors and Fiat Chrysler have cut hourly jobs since the end of past year, as the first decline in USA auto sales since 2009 has resulted ...