Markets
Clark Howard backs President on air traffic proposal
The move is likely to be welcomed by US airlines , the air traffic control union, and many congressional Republicans, who have all criticized the FAA for its bureaucratic inefficiencies, slow pace of planned upgrades, and reliance on unpredictable government funding. [Full Article...]
Hamilton level with legend Senna after pole in Montreal
Although it was suggested in the presentation that the helmet given to him was an actual race-worn one, it subsequently emerged this was not the case. To receive this is a great honour . A big, big thank you to the Senna family and to everyone here. Hamilton was presented with the helmet during post-session live television interviews out on the circuit and was clearly surprised. [Full Article...]
Citigroup Inc Lowers Homeserve plc (HSV) to Neutral
JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 569 ($7.35) price target on shares of Homeserve plc in a research note on Friday, April 7th. California Employees Retirement Systems holds 0% or 34,600 shares in its portfolio. Stockholders of record on Friday, August 11th will be issued a dividend of $0.6804 per share. [Full Article...]
European Central Bank holds key rates, sees no further cuts
But the bank's announcement Thursday reiterated that its stimulus in the form of monthly bond purchases could be stepped up if the economic outlook worsens. Data on Thursday showed eurozone GDP rose 0.6% in the first quarter, stronger than initially estimated . "Hard data will likely convince the governing council to turn less cautious and formally upgrade its growth outlook", said Unicredit ... [Full Article...]
Chad recalls ambassador from Qatar amid Gulf crisis
Sheikh Mohammed called attempts to isolate Doha "collective punishment" and a "systematic campaign" against Qatar, which he said continued to work alongside the United States against extremism. Other countries also are offering to intervene, and it's not clear if Trump will end up as the primary mediator. That's a portrayal other leaders who have been challenged by Al Jazeera are happy to ... [Full Article...]
British pound dives as United Kingdom enters new period of political uncertainty
Complicating the outlook for the pound, however, is the strong showing by the Labour Party , which has advocated for closer ties between Britain and the European Union single market. At 5:15 BST Friday the Labour Party had won 250 seats and Conservatives had 293 seats, with 610 of the 650 seats declared. "After that first initial sell-off on the exit poll we've actually seen precious little... [Full Article...]
EU fears Brexit delay, uncertainty after shock UK vote
She instead not only failed to build up her position but lost the majority altogether. European Union states are getting impatient about the delays in the Brexit talks, with some warning Friday after Britain's inconclusive election that the country should not be given more than the allotted two years to settle its divorce. [Full Article...]
ECB removes reference to lower rates, more QE possible
Analysts think the bond purchases will be tapered next year, but the bank has moved gingerly in indicating when it might be ready to announce a schedule for reducing and then ending them. The euro fluctuated after the decision and was down 0.2 percent at $1.1233 at 1:49 p.m. Frankfurt time. The news chimed with a leaked draft forecast reported on by Bloomberg ahead of the policy-setting meetin... [Full Article...]