Business
Adani Power falls for 2nd day; tanks 9% on SC verdict
This impacted financial viability of the power plants operated by them because the electricity procurers - state electricity boards - were not willing to pay higher prices when the power producers increased the tariffs to offset high Indonesian coal prices.
Business
Relative Strength Alert For Wells Fargo
They presently have a $54.50 price objective on the financial services provider's stock, down from their prior price objective of $62.00. They now have a $59.00 price objective on the financial services provider's stock. The company has market cap of $269.53 billion. Wells Fargo & Co had a net margin of 23.30% and a return on equity of 12.60%. Equities research analysts expect that Wells Fargo & Co will post $4.21 EPS for the current year.
Business
Camp housing 1500 migrants in north France destroyed in fire
At least ten people were injured, six with knife wounds. "Already we are seeing migrants return to the Calais area - all with the same goal; to reach the United Kingdom by whatever means possible and that usually means on the back of a truck".
Business
Trump to target trade abuses with executive orders
He said he'd seen first-hand as he travelled the country how bad trade deals had hurt American workers. President Donald Trump signed two executive orders Friday created to crack down on trade partners taking advantage of the U.S. They can also mean that foreign countries and entities are investing in United States assets. Navarro said that these orders are meant to shed light on trade abuses in general.
Business
Steve Bannon and Jared Kushner meet to smooth tensions
Bannon, the White House chief strategist and former Breitbart boss, has clashed with Trump's son-in-law. Reuters reported on Saturday, citing an unnamed senior administration official, that Priebus told Bannon and Kushner to "stop with the palace intrigue", and said Bannon and Kushner agreed to "bury the hatchet".
Business
Trump walks out before signing executive orders
The orders were aimed at reducing the nation's trade deficit by cracking down on "foreign importers that cheat", the president said. The US Commerce Secretary listed more than a dozen other countries including India "that will potentially be involved".