Finance JUST IN: SA's sovereign credit rating downgraded to junk status
Author: 0 JUST IN: SA's sovereign credit rating downgraded to junk status

But all this good news was offset by Zuma: "Changes within a government do not generally signal material changes in a country's credit profile". Volatility is likely to increase in local financial markets. "While S&P has lowered its rating of foreign currency-denominated debt to a sub-investment grade, rand-denominated debt - which constitutes 90% of the debt portfolio - retains its investment-grade rating", said Treasury.

Author: 0 Ethics Commission expected to hear Bentley matter

Details of the commission's investigation fall under Alabama's grand jury secrecy laws, making the details confidential. The commission went into executive session to discuss the complaint against Bentley. Here's the origin of each article of impeachment. It does not charge officials with breaking laws. Formerly the state's top cop, Collier claims he was terminated for disobeying Bentley's order that he not cooperate with the attorney general's investigation of House Speaker Mike Hubbard.

Author: 0 South African government warns against illegal protests

But Cosatu said it no longer believed in Zuma's ability to lead the party and the country, and that it wanted to restructure its alliance with the ANC. Zuma had also forced Gordhan to return from a road show‚ where he had planned to brief the investment community on the country. A report by a constitutionally-mandated watchdog previous year said the Guptas influenced Zuma in choosing government positions.

Author: 0 US companies add 263K jobs in March, most in 2 years

U.S. private-sector employment jumped by 263,000 jobs in March from February, according to the ADP national employment report . The U.S. dollar bought 111.27 Japanese yen, higher than 110.72 yen of the previous session. Energy-related shares also offered some support to investors as oil prices rose on Tuesday thanks to an unplanned production outage in the North Sea and growing concerns about diminishing USA oil stocks.

Finance Boeing Forms New Innovation Cell; Invests in Tech Companies Upskill, Zunum Aero
Author: 0 Boeing Forms New Innovation Cell; Invests in Tech Companies Upskill, Zunum Aero

Zunum Aero aircraft are created to take aviation into the future: enabling frequent service to the nation's network of over 5,000 underutilized regional and general aviation airports. The aircraft would have 10 to 50 seats and will make electric air travel "fast and affordable", Zunum Aero said. In addition to funding from Boeing and JetBue, Zunum has a team that includes a leader from a previous NASA-backed project on developing electric drives for airliners, and a long-term ...

Author: 0 Westinghouse troubles loom over SC, Georgia nuke projects

In the wake of mounting losses at its US nuclear arm Westinghouse , which filed for Chapter 11 protection from creditors on Wednesday, Toshiba has put up the business for auction. CB&I acquired Shaw's Stone & Webster nuclear construction business as part of the $3 billion deal, then sold CB&I Stone & Webster to Toshiba's Westinghouse unit in 2015.

Finance Euro zone businesses started 2017 on a six-year high - PMI
Author: 0 Euro zone businesses started 2017 on a six-year high - PMI

That topped all forecasts in a Reuters poll of economists, whose median forecast was for a reading of 53.5, pushing sterling nearly US$0.5 higher against the U.S. The services Purchasing Managers' Index improved less-than-estimated to 56.0 from 55.5 a month ago. The U.K.'s services sector grew faster than expected in March and surging costs prompted companies to raise their prices at the quickest pace in 8 1/2 years.

Author: 0 White House officials offer change to health care bill

Conversations are quite fluid. Here's where things stand right now. Conservatives who want the federal government out of health care argue that those provisions have driven up premiums and decreased choice. Rep. Mark Meadows, R-N.C., the leader of the conservative Freedom Caucus, questioned after the meeting whether lawmakers should stick around during the two-week recess to finish up a deal.

Finance BHP Billiton: Force majeure at Aussie coal mines
Author: 0 BHP Billiton: Force majeure at Aussie coal mines

Some of Aurizon's rail network will take up to five weeks to fix, the company said, disrupting coal deliveries from mines to ports. "The rain came down the range like a river. Glencore runs five coal mines in the region and it is the fifth miner to declare force majeure - a clause typically invoked after natural disasters - leaving rivals in the United States to cash in on a surge in prices as Chinese steelmakers scramble for supplies.

Finance Russian Federation defends Syria against 'chemical attack' outcry
Author: 0 Russian Federation defends Syria against 'chemical attack' outcry

Erdogan, one Assad's most steadfast critics who has repeatedly called for his ouster, also called the Syrian president a "murderer". Several countries, including the USA, have blamed Syrian government forces for the attack in which scores of people appeared to choke to death in Khan Sheikhoun, a rebel-held area of northern Syria.

Finance Featured Stock for Investors: Acuity Brands, Inc. (AYI)
Author: 0 Featured Stock for Investors: Acuity Brands, Inc. (AYI)

The target price for Acuity Brands, Inc . "(AYI) Lowered to Neutral at Goldman Sachs Group Inc" was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. In terms of earnings per share, 12 analysts have a 1.83 EPS mean target for the quarter ending Feb-17, for the quarter ending May-17, 12 analysts have a 2.21 EPS mean target and for the quarter ending May-17 there are 12 estimates of 8.72 EPS.

Finance Morrison presses ALP on retaining tax cuts
Author: 0 Morrison presses ALP on retaining tax cuts

The Turnbull government has launched a full-frontal assault on Labor over company tax, demanding the opposition reveal whether it would keep $24 billion in tax relief for business or jack up taxes if it wins the next election. Andrew Leigh, a lawmaker from the opposition Labor Party who speaks on Treasury matters, told Sky News that while "in a ideal world you would bring down the company tax rate", the federal government has seen its debt burden increase over recent years.

Author: 0 South Africa's Zuma survives latest ouster attempt

The briefing, held at ANC headquarters Luthuli House on Wednesday morning, was addressed by two of the ANC's top six, secretary general Mantashe and deputy secretary Jessie Duarte . Similar votes have failed in the past. Several civil society organisations such as Outa and Save SA are trying to rally national support for a national shut down on the 7th of April to protest the latest cabinet reshuffle.

Author: 0 Tehran criticizes use of chemical weapons in Syria

People wail and pound on the chests of victims. Trump, speaking alongside Jordan's King Abdullah II in the Rose Garden, offered no details about what steps the USA might take in response, even as his United Nations ambassador, Nikki Haley, was promising a strong and perhaps even unilateral response.

Finance Germany approves bill targeting online hate, fake news
Author: 0 Germany approves bill targeting online hate, fake news

Germany already has some of the world's toughest hate speech laws covering defamation, public incitement to commit crimes and threats of violence, backed up by prison sentences for Holocaust denial or inciting hatred against minorities. The legislation, which must be discussed by the German Parliament, argues that the minimum age for marriage should be 18 years, considered the stage of optimum age in much of Western cultures.

Finance Tesla Reports Record Deliveries of Vehicles in 1st Quarter
Author: 0 Tesla Reports Record Deliveries of Vehicles in 1st Quarter

Electric auto maker Tesla Inc. says it delivered a record 25,000 vehicles in the first quarter, up 69 percent from the same period a year ago. The chart below illustrates Tesla Motors , Inc. Final numbers should be available in the next few weeks, and could include additional vehicles of up to 0.5%. That said , at the end of the quarter, around 4,650 vehicles were in transit to customers which will be counted as deliveries in the second quarter.

Finance US Soccer and women's national team agree on new contract
Author: 0 US Soccer and women's national team agree on new contract

They were able to wring enough concessions out of U.S. Soccer to make an agreement worthwhile, but while this will push the issue out of the spotlight in the short term, there's still a way to go in the USWNT's fight for equal pay. Members of the US women's national soccer team already made more than the men in base salary, but a heavily skewed bonus structure meant that the women could have their winningest season while the men had their worst, and the men would still make more money.

Author: 0 Fix key UK Brexit items 1st, then fall talks on future

There are differences among Europe's leaders over how constructive they are willing to be in the talks. British Prime Minister Theresa May triggered Article 50 this week and the guidelines set out the terms in which Tusk wants to conduct negotiations leading to the UK's departure from the European Union - the issues to be settled, how the talks should be sequenced and the outcome to be sought.

Finance Lynch visits Raiders amid talk of comeback
Author: 0 Lynch visits Raiders amid talk of comeback

Offering a stake to the Athletics was new information, something originally expressed when Davis and team president Marc Badain had lunch with then-A's owner Lew Wolff and another top executive. Lynch was born and raised in Oakland and played college ball nearby at California. Head coach Jack Del Rio has the power to give the green light on the Raiders' end in Lynch's talks.