Markets
Moody's downgrades Chinese credit rating for first time in 30 years
For the first time since 1989, a major debt rating agency downgraded their outlook on China. But the loss was soon reversed and the offshore yuan rebounded to 6.8845 as of 0045 GMT. "The planned reform program is likely to slow, but not prevent, the rise in leverage". The firm expects another 5% decline in the country's growth potential; they believe that the capital stock formation will be slowin... [Full Article...]
BA Flights Returning To Normal After Outage
However, the BA was forced to clear the entire schedule and admit that further delays could disrupt travel in the coming days. The IT problems caused the airline to cancel all flights from London's Heathrow and Gatwick airports on Saturday and was still causing problems on Sunday. [Full Article...]
BA Computer Crash: Passengers Face Third Day of Disruption at Heathrow
On Monday, the airline is planning to run more than 95 percent of flights from London Heathrow and Gatwick. During the wait of more than three and a half hours passengers read on their phones of the global IT disruption which had left all of BA's London outbound flights cancelled and thousands of passengers' holiday plans in tatters. [Full Article...]
Burberry Group plc (BRBY) Lifted to "Neutral" at Credit Suisse Group AG
JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 92 ($1.18) target price on shares of Non-Standard Finance PLC in a research report on Monday, March 6th. Shares of H&T Group Plc ( LON HAT ) traded up 0.78% during midday trading on Friday, reaching GBX 292.25. 30,578 shares of the stock were exchanged. [Full Article...]
BA aims to resume most flights after IT crash chaos
British Airways said on Saturday it is canceling all of its flights from London's Heathrow and Gatwick airports for the rest of the day because of a "major IT system failure". BA chief executive Alex Cruz said Sunday the airline was running a "near-full operation" at London's Gatwick Airport and planned to operate all scheduled long-haul services from Heathrow. [Full Article...]
What is Recommendation from Analysts on GlaxoSmithKline plc (ADR) (NYSE:GSK)?
Cisco Sys Inc now has $160.91B valuation. Gradient Investments Llc decreased Claymore Exchange Trd Fd Tr (BSJH) stake by 52,368 shares to 1.06 million valued at $27.26 million in 2016Q4. FinnCap initiated coverage on shares of Altitude Group PLC (LON:ALT) in a research report sent to investors on Wednesday. JD Sports Fashion PLC (LON:JD) has 0.00% since May 23, 2016 and is. [Full Article...]
Trump may block Comey testimony before Senate
NY [U.S.], June 3: The White House may try to invoke executive privilege as former FBI Director James Comey testifies before a senate on June 8 about the accusations that President Donald Trump pressured him to end his investigation into his former national security adviser's ties to Russian Federation.'s. [Full Article...]
Terror in London: Attacks at Two Popular Tourist Spots
The force has tweeted a warning telling people in the area to run to safety, hide and then call police if it is safe to do so. British Prime Minister Theresa May has called the London Bridge incident a " potential act of terrorism ". [Full Article...]