Markets
After ICJ stay, Pak to change lawyers in Kulbhushan Jadhav case
Yes, ICJ asked Pakistan not to execute alleged spy Kulbushan Jadhav pending its final decision and inform it of the steps being taken to implement the order. Jadhav was convicted last month by a Pakistani military court and sentenced to death. The verdict represents a diplomatic setback for Pakistan, which has insisted that Mr Jadhav's espionage activities put him beyond the purview of the ICJ's... [Full Article...]
Average US 30-year mortgage rate slips to 4.02 percent
Rates on adjustable five-year loans declined to 3.13 percent from 3.14 percent last week. The benchmark 30 year fixed rate loan interest rates at BB&T Corp. David Kuiper, vice president of Northpointe Bank in Holland, Michigan, is one who predicts home loan rates will head lower. Continued political turmoil at the national level could push mortgage rates even lower as nervous investors move mo... [Full Article...]
United States launches NAFTA renegotiation countdown
By sending a formal letter to Congress , U.S. Trade Representative Robert Lighthizer begins a 90-day consultation period with Congress, U.S. industries and the American public. 2 (Mexico) and No. 4 (Canada) markets", said Ken Maschhoff, NPPC president. Lighthizer says that NAFTA could be renegotiated by the end of the year. "We support modernizing the agreement in ways that will further stren... [Full Article...]
Treasury's Mnuchin: 'We do not support breaking up banks'
Mnuchin's statements, however, appear to have nothing to do wth the core of Glass-Steagall (or at least its most looming legacy) and appears to simply be an attempt to slap a tough name on another deregulation measure. We said we were in favor of a 21st-century Glass-Steagall. "I am concerned as to whether some of the models will attribute enough growth in dynamic scoring but when we present the d... [Full Article...]
Russia, Saudi call for oil output deal extension
World oil prices jumped on Monday, with USA crude futures trading 3% firmer at more than $49 a barrel. "The two ministers agreed to do whatever it takes to achieve the desired goal of stabilising the market and reducing commercial oil inventories to their five-year average level". [Full Article...]
Analyst Activity - Leerink Swann Reiterates Outperform on AstraZeneca plc (NYSE:AZN)
The Company has six operating segments, split between Aerospace, Defense and Energy (ADE) and Automotive and General Industrial (AGI) business areas: ADE-Western Europe; ADE-North America; ADE-Emerging markets; AGI-Western Europe; AGI-North America, and AGI-Emerging markets. [Full Article...]
Uber Freight makes official debut to simplify the long-haul trucking business
When Uber bought Otto for $680 million, it did so in an effort to bolster its self-driving truck game. According to U.S. publication Heavy Duty Trucking (HDT ), the app is mainly targeting owner-operators and small fleets of 10 trucks or less. [Full Article...]
England's emergency units open 'as normal' again after cyber attack
Ransomware cyber attacks cause hospitals of U.K.to cancel their patient's appointment. A statement issued today said: "Radiology services at Basingstoke and North Hampshire Hospital have returned to normal following the national cyber attack". [Full Article...]