Current Affairs For Bank, IBPS Exams - 04 June, 2014

Current Affairs For Bank, IBPS Exams

JP Morgan downgraded Reliance Industries Ltd to "neutral" from "overweight", saying share prices already reflect positive catalysts even as fundamentals remain on "a solid footing".
Reliance Industries' strategy of organic growth in core businesses is very much positive and there is a belief that the current share price already reflects the positive catalysts that were identified in our upgrade in 4Q CY13.
Sharapova reaches fifth French Open semi-final
Maria Sharapova battled into her fourth successive French Open semi-final and fifth of her career with a 1-6, 7-5, 6-1 win over rising Spaniard Garbine Muguruza recently.
The seventh-seeded Russian, who was the 2012 champion and runner-up to Serena Williams last year, goes on to face Canada’s Eugenie Bouchard for a place soon.
But the four-time major winner and former world number one was given a fright by the 20-year-old Muguruza who had knocked out Serena in the second round.

The path breaking clean energy policy unveiled by the Obama administration would put the US at a disadvantage against countries like India and China, top US lawmakers and policy advocacy groups have said.
The US Environmental Protection agency has announced to cut carbon emission from existing power plants, which is the single largest source of carbon pollution in the US, by 30 per cent by the year 2030.
It also announced to cut by 2030 particle pollution, nitrogen oxides, and sulfur dioxide by more than 25 per cent as a co-benefit.
The White House described this as American leadership to the world.
But Republicans and many others are not willing to buy the argument, according to whom such a policy would put the United States at an disadvantage against countries like India and China.
The United Mine Workers of America international president Cecil E Roberts alleged that the proposed rule issued by the Environmental Protection Agency will lead to long-term and irreversible job losses for thousands of coal miners, electrical workers, utility workers, boilermakers, railroad workers and others without achieving any significant reduction of global greenhouse gas emissions.

The cabinet of Spanish Prime Minister Mariano Rajoy has approved a proposal for emergency legislation that allows King Juan Carlos to abdicate and hand over his duties to Crown Prince Felipe.
The proposal will be fast—tracked by the Spanish Parliament and is expected to pass easily because Mr. Rajoy’s Popular Party has the majority of seats and the leading opposition Socialist Party also supports the legislation.
Jesus Posada, who leads the Parliament’s lower house, predicted the law will take effect by June 18, meaning Prince Felipe would be proclaimed king before lawmakers shortly after that.
Juan Carlos is widely respected for leading Spain’s transition from dictatorship to democracy and staring down a 1981 coup attempt, but was hit hard by royal scandals over the last several years.