Markets
Wall St set to open higher after Fed minutes
The dollar was on the defensive early on Thursday after minutes of the latest Federal Reserve policy meeting were not as hawkish as anticipated, while the euro edged back up towards a 6-1/2-month high. Investors see a solid chance of a rate move in June, with pricing in federal funds futures indicating almost an 80 percent chance of an increase. On the Nasdaq, 1,408 issues rose and 781 fel... [Full Article...]
Iran's Rouhani denounces US' Middle East ignorance
The recent presidential election and the second landslide victory of Hassan Rouhani is more than ever a true exemplification of such a complexity, which is often missed by foreign analysts of Iran . And this gets to why it's so risky for free nations pretend that there is real political competition in Iran . "Foreign Policy or simply milking Kingdom of Saudi Arabia of $480 billion?" he wro... [Full Article...]
Price Target Analysis Valeant Pharmaceuticals International, Inc. (VRX)
The stock declined 0.60% or $0.1 reaching $16.59 on the news. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Wells Fargo & Co (NYSE:WFC)'s shares are trading at $52.74 with decline of -0.66%. Renaissance Technologies LLC boosted its stake in shares of Valeant Pharmaceuticals Intl by 573.6% in the fourth quarter. [Full Article...]
Iran foreign minister scorns Trump after speech, arms deal
However, "that remains to be seen, because we haven't had any kind of detail sketched out about what the Trump administration thinks an Israeli-Palestinian deal would look like", Liasson said. "We are not here to lecture - we are not here to tell other people how to live... or how to worship". "We were treated incredibly well", Trump said Monday. [Full Article...]
Meridian Investment Counsel Inc. Has $272000 Position in Anadarko Petroleum Co. (APC)
Oppenheimer downgraded Anadarko Petroleum Corporation (NYSE:APC) on Thursday, October 29 to "Perform" rating. The firm has "Buy" rating given on Friday, May 12 by Stifel Nicolaus. Anadarko Petroleum Corporation (NYSE:APC), at its latest closing price of $53.35, it has a price-to-book ratio of 2.49, compared to an industry average at 0.40. [Full Article...]
Maharashtra CM meets accident, escapes unhurt after chopper crash-lands at Latur
He later tweeted, "We are absolutely safe and ok". Mr.Fadnavis said "Nobody got hurt". In his video message, CM Devendra Fadnavis says, "You would have heard about an accident regarding my helicopter". The Aircraft Accident Investigation (AIB) bureau, which comes under the Civil Aviation Ministry, will investigate the mishap. "After take off, we felt air pressure. [Full Article...]
Bank of Montreal (BMO) Upgraded by Citigroup Inc to "Buy"
Equities analysts forecast that Bank of Montreal will post $5.91 EPS for the current fiscal year. Buy rating has been given by 8 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 10 analysts given HOLD rating. [Full Article...]
Moody's downgrades China's credit rating
Moody's put China on a negative outlook in March of previous year, with S&P following suit four weeks later. China's top leadership has identified the containment of financial risks and asset bubbles as a top priority this year. But growth has repeatedly dipped faster than planners wanted, raising the risk of politically unsafe job losses. The new move frustrated Beijing, where the finance min... [Full Article...]