Economy

Moody's downgrades China's rating

Moody's cut the long-term local currency and foreign currency issuer ratings from "Aa3" to "A1", the first reduction since late 1989, when it assessed the impact of the Tiananmen Square Massacre on China's trade with the world. China has reacted angrily to Moody's downgrade of the country's credit rating from double-A-3 to A-1. "In particular, in this scenario, the risk of financial tensions and c... [Full Article...]

GOP lawmakers say little about Montana candidate

In his victory speech, Gianforte apologized to Jacobs. The AP story quoted an article by Fox News reporter Alicia Acuna, who was a witness at the scene, writing that Gianforte grabbed The Guardian reporter Ben Jacobs "by the neck with both hands and slammed him into the ground", and "then began to punch Jacobs". [Full Article...]

Senate Twitter: Nigeria's senate passes oil governance bill

Senate Twitter: Nigeria's senate passes oil governance bill Among the agencies established in the bill, is the Nigerian Petroleum Regulatory Commission (NPRC), which shall be headed by a Chairman. The commission will also have responsibility for health and safety regulations in the industry, while collaborating with the Ministry of Environment on environmental issues. [Full Article...]

OPEC extends oil output cut by nine months: delegate

With prices above $50 from lows of a year ago, they are increasingly moving back into the market. Their output already is partially offsetting the cuts, and even more USA companies are poised to return if prices rise further. Although the nine-month extension was widely expected , the initial reaction in the markets was of disappointment that OPEC didn't cut deeper or introduce a 12-month extensi... [Full Article...]

China dismisses credit downgrade

Moody's expects growth to slow to about 5% over the next five years. Moody's said the downgrade on Hong Kong reflects its view that China's rising debt would have a significant impact on Hong Kong because of close ties between the two places. [Full Article...]

House GOP sticking with Montana candidate despite assault

House GOP sticking with Montana candidate despite assault Gianforte refused. Jacobs persisted. "'You ask a question, I'm going to strangle you?' I mean, really", she told reporters. A BuzzFeed reporter was also nearby, but she was unable to see the entire incident. How Republicans will respond to this - particularly if Gianforte wins anyway and comes to Washington . Has Ben Jacobs ever disavowed political violence by the left? Gianforte ... [Full Article...]

Dollar Tree blames tax refund delay for lower sales at Family Dollar

Dollar Tree blames tax refund delay for lower sales at Family Dollar More interesting news about Dollar Tree , Inc. Buckingham Research reaffirmed a "buy" rating and issued a $101.00 price objective on shares of Dollar Tree in a research report on Monday, February 27th. Traders bought 8,347 put options on the company. Shares outstanding are recorded as 234.54 M and total shares floated are 227.29 M. Current ratio which is the relationship between current assets ... [Full Article...]

Oil price falls despite OPEC deal extension

Asian stock markets were mixed Friday as investors weighed Wall Street's latest gains on strong earnings reports against the latest oil production cut, which dragged down crude prices and commodity shares. It has already made up 0.86% of the cost ($0.42) on WTI, which is traded at $48.48 a barrel, on Brent the current drop is equal to 0.66% ($0.34), and the surrogate is traded at $51.12 a barrel. [Full Article...]

Phoenix, Buckeye stand tall in new US population estimates

Phoenix, Buckeye stand tall in new US population estimates Buckeye's estimated population in 2016 was 64,629. About 37.5 percent of the population growth in the tri-county area this decade has been in Portland proper, the bureau estimates. Los Angeles population has just added more residents - and thus presumably more freeway drivers - than nearly every other city in the nation. A U.S. [Full Article...]

Iran slams U.S. arms deal with Saudi 'dangerous terrorists'

And on Thursday, the Senate Foreign Relations Committee voted 18-3 to authorize Trump to slap further sanctions on Iran, although the committee also voted to maintain the Iran nuclear agreement negotiated by the administration of President Barack Obama . [Full Article...]

Oil prices rise as market awaits extended output cut

He said he saw inventories declining to their five-year average by the end of 2017. Even worse prospects - this time for fundamentals - was voiced by Abhishek Kumar , senior energy analyst at Interfax Energys Global Gas Analytics , who told CNBC that "While consensus is growing on extending the cap by another 9 months, a deeper cut is unlikely" - and deeper cuts are what many experts ins... [Full Article...]

Berenberg Bank Reiterates "Buy" Rating for Prudential plc (PRU)

Receive News & Ratings for On The Beach Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On The Beach Group PLC and related companies with MarketBeat.com's FREE daily email newsletter. [Full Article...]

OPEC deal: Nigeria not opposed to production cut - Kachikwu

But the market was disappointed oil producers did not decide on steeper cuts to output. The move kept global oil stockpiles near record highs, forcing the Opec first to suggest extending cuts by six months, but later proposing to prolong them by nine months, and Russian Federation offering an unusually long duration of 12 months. [Full Article...]

No Medicaid cuts in Trump budget? Really?

No Medicaid cuts in Trump budget? Really? Freeze, president of the Federation of American Societies for Experimental Biology. "Clearly, getting to regulatory reform and tax reform will help us grow this economy", Ryan told reporters . At a House hearing Wednesday, Democratic Rep. Rosa DeLauro told Perdue that the budget turns the nation's back on the hungry. "They are very optimistic", she said. [Full Article...]

North Korea accused of breaching South Korean border

North Korea accused of breaching South Korean border China has been infuriated by the USA deployment of its Terminal High Altitude Area Defence system in South Korea, saying it is a threat to its own security. It's not the first time South Korea has reacted sternly to an object sent across its border. China on Tuesday (Wednesday in Manila) took a swipe at the United States, saying there was "no reason" to refuse dialogue with North Korea despit... [Full Article...]

Greeks disappointed at no eurozone bailout deal

Greeks disappointed at no eurozone bailout deal It seems that the disbursement of the next loan tranche to cover Greece's July payments will only take place in June, as several countries need to have parliamentary approval before any disbursements are made. But time is running out for Greece as without the rescue loans it would struggle to meet a big repayment in July of some 7 billion euros ($7.8 billion). [Full Article...]

Donald Trump's Middle East Comment in Israel

Mr Netanyahu called Mr Trump "a true friend" to Israel and expressed optimism about the president's role in the Middle East peace process. Abbas said he was keen to "keep the door open to dialogue with our Israeli neighbors". The family was separated by gender. Trump was given a warm welcome by Saudi King Salman , who greeted the US President when he disembarked from the presidential plane. [Full Article...]

Protesters Beaten in 'Brutal Attack' During Turkish President's United States Visit

News and World Report . However, the State Department said "violence is never an appropriate response to free speech, and we support the rights of people everywhere to free expression and peaceful protest". Sen. John McCain said the USA should toss the Turkish ambassador "the hell out" after a demonstration outside the envoy's home in Washington turned violent and several protesters were ... [Full Article...]

Trump denounces United Kingdom terror; says Middle East can 'make a deal'

Trump met Monday in Israel with Prime Minister Benjamin Netanyahu , after spending the weekend with Muslim and Arab leaders in Saudi Arabia . Meeting with Palestinian President Mahmoud Abbas at his presidential palace in Bethlehem, Trump said he was "truly hopeful" for a breakthrough in the decades-old conflict over the borders and legal status of the Palestinian territories. [Full Article...]

OPEC likely to extend output cuts, but price relief elusive

OPEC likely to extend output cuts, but price relief elusive Venezuela, Russia , Saudi Arabia and Algeria - also members of the committee - have said they favor an extension through March 2018. Saudi ally Kuwait signaled on Wednesday OPEC could discuss deepening the cuts, in what would come as a positive surprise for market bulls, but hopes quickly faded after a key committee recommended keeping the curbs unchanged. [Full Article...]


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