Markets
Euro zone fails to reach Greece debt deal amid IMF row
Athens's main obstacle to securing a deal for debt relief at the Eurogroup and to unlock bailout funds is Schaeuble, who, earlier in the day, indicated that he would not approve more loans to Greece without the participation of the IMF. "A full agreement was reached between all that 3.5% primary surplus shall remain for five years", said Dijsselbloem. The protracted nature of Greece's bailout pr... [Full Article...]
Growth Analysis of Bank of America Corporation (BAC)
About 9,422 shares traded. Colorado-based Rocky Mountain Advisers Lc has invested 0.16% in Bank of America Corp (NYSE:BAC). It has by 0.00% the S&P500. Duquesne Family Office Limited Liability Corp accumulated 2.56 million shares. Shareholders of record on Friday, June 2nd will be given a $0.075 dividend. [Full Article...]
Saudi oil minister confident in extension of production cuts
Opec initially agreed to trim its production by 1.2 million bpd and was later joined by 11 non-members, led by Russian Federation, to cull about 600,000 bpd from the oil market. Yet this option is nearly unaffordable for the cartel at this point, in our view, given both current account and government budget breakeven positions. [Full Article...]
Jaitley slaps fresh Rs 10cr defamation suit on Kejri
Jaitley filed a fresh Rs 10 crore suit against Kejriwal after his advocate Ram Jethamalani allegedly called the current Finance and Defence Minister a "crook", according to an Indian Express report. The plea also said it was apparent that Kejriwal had "immense personal malice" against Jaitley, and had "attempted to gain cheap political mileage". [Full Article...]
U.S. Supreme Court Strikes Down Two NC Congressional Districts
North Carolina District 1 was also ruled unconstitutional in an 8-0 decision. - Rep. David Lewis (R-Harnett). In the 1st district, the black voting-age population jumped from 48.6 percent to 52.7 percent and in the 12th from 43.8 percent to 50.7 percent. [Full Article...]
'The Angry Birds Movie 2' is Officially in the Works
Angry Birds has fallen out of favor with many mobile gamers over the last few years, and Rovio has been scaling back its heavy reliance on the franchise. Instead, we see this news as a reminder that just as Angry Birds is nearing the double-digits in age, we, too, grow older and older and older by the day. [Full Article...]
Morgan Stanley's (MS) "Buy" Rating Reaffirmed at Rafferty Capital Markets
The company now has an average rating of "Buy" and an average target price of $42.07. They noted that the move was a valuation call. Vetr raised Morgan Stanley from a "sell" rating to a "hold" rating and set a $40.50 price target on the stock in a research report on Wednesday, May 17th. [Full Article...]
Mahama in India to speak at AfDB annual meeting
With the changing global landscape for agriculture and food security, India and Africa can emerge as key partners in these areas, he added further. He added that India was committed to Africa's development and this commitment was reflected in "continued high-level political engagement" including the three India-Africa Summits. [Full Article...]