Mining stocks hit by China downgrade on growth fears

Moody's Investors Service cut China's sovereign credit rating for the first time in almost three decades, citing expectations that the country's financial strength will deteriorate in the coming years as debt keeps rising and the economy slows.

Trump says U.S. will stop using climate-accord standards

Trump inquired during an afternoon event held in a sun-drenched Rose Garden . Trump's announcement Thursday ends months of speculation about his intentions. "As someone who cares deeply about our environment, I can not in good conscience support a deal which punishes the United States", he said. A formal announcement is expected at some point this week.

Schlumberger LTD (SLB) Holder Investec Asset Management North America INC Increased Stake

Schlumberger LTD (SLB) Holder Investec Asset Management North America INC Increased Stake

EIG creates and makes instruments for the process, power and industrial and aerospace markets. Signature Estate & Investment Advisors Llc decreased Schlumberger Ltd ( SLB ) stake by 57.07% reported in 2016Q4 SEC filing. Reliance Trust Co. of DE cut its stake in Schlumberger Limited. Stockbridge Prtn Limited Liability Co holds 4.82% or 2.82M shares. Swiss Bankshares reported 0.01% stake.

Musk to quit Trump advisory councils after Paris accord decision

Those in support of the withdrawal were Trump, who once called climate change a hoax perpetrated by the Chinese, chief strategist Steve Bannon and head of the Environment Protection Agency Scott Pruitt, and large number of Republican lawmakers who were pushing Trump from outside.

Ford Replaces CEO Mark Fields With Jim Hackett

In fact, it was Fields who put Hackett in charge of those projects as head of mobility. Hackett led Steelcase Inc.'s turnaround to become the world's No. Fields had replaced Alan Mulally in mid-2014, but lacked his predecessor's vision to unite employees around a common mission or to make critical decisions about the company's strategy.

OPEC oil supply cut deal likely to extend

OPEC oil supply cut deal likely to extend

If the deal is not extended, the price of Brent crude is then expected to drop to United States dollars 45/bl, added Danske Bank. In what was a choppy day of trade, oil futures recovered from a more than 1% slump, as investors' optimism that OPEC would seek an extension of the current deal to cut global production offset concerns over the rising level of USA shale production.