Polish finance chief Morawiecki to be the new prime minister

Poland - Factors to Watch Dec 7

Earlier Thursday, Szydlo and her Cabinet easily survived a no-confidence vote in parliament called by the opposition centrist Civic Platform party, which accuses the government of harming Poland with laws that it says are anti-democratic.

Deputy lower-house Speaker Ryszard Terlecki (left) pictured next to ruling party leader Jarosław Kaczyński (centre) in Poland's parliament. The meeting was expected to concern planned changes to the government, among other issues.

Government critics, however, saw the leadership change as mostly a smoke screen to divert attention from a Friday vote on laws that would give the ruling party significant power over Poland's judicial system.

The government is riding high in opinion polls, but party leaders said they want to accelerate economic growth and raise Poland's profile internationally, goals that Morawiecki is best suited to pursue.

Analysts say that although the talk of the government reshuffle has been going on for weeks, the replacement of Szydlo, a loyal party member who made few mistakes, is surprising.

"Good change" is the campaign slogan Law and Justice adopted ahead of its general election victory in 2015.

National Grid (NG) Upgraded by Deutsche Bank to "Hold"
They now have an overweight rating on the stock. (NASDAQ:FB) has "Outperform" rating given on Friday, October 9 by Credit Suisse. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

As a result, the statement said, Szydlo is set to be replaced by Finance Minister Mateusz Morawiecki, a Polish banker.

According to a political analyst quoted in the Reuters report, Szydlo's ouster could have come about because the Law and Justice Party's leader, Jaroslaw Kaczynski, may have felt Szydlo was "too weak and that the government was seeded by internal conflicts and factional struggles".

Despite the criticism, her conservative government was one of the most popular in Poland since the 1989 collapse of communism, largely due to low unemployment, increases in public spending and a focus on traditional Catholic values in public life.

Mazurek said Szydlo resigned during the meeting, but the party leadership wants her to hold some other important government position, which she did not specify.

Sources told Reuters this week that Morawiecki, 49, was the most likely candidate to replace Szydlo, 54, to prepare the party - led by Jaroslaw Kaczynski, Poland's paramount politician - for elections due in the next three years.

Government critics saw the leadership change as mostly a smoke screen to divert attention from a Friday vote on laws that would give the ruling party significant power over Poland's judicial system.

Related:

  • Carrizo Oil & Gas Inc (CRZO) Shares Bought by Mackenzie Financial Corp

    The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. Zacks Investment Research cut Carrizo Oil & Gas from a "buy" rating to a "hold" rating in a report on Tuesday, October 10th.
    What airlines make out of each passenger

    What airlines make out of each passenger

    European airlines generate the second-most revenue when compared by region and made $9.8 billion in net profits this year.
    Interns' Questions on LGBT Rights and More Throw Jeff Sessions Off Balance

    Interns' Questions on LGBT Rights and More Throw Jeff Sessions Off Balance

    If that is the case, his views must have evolved quite a bit since the summer. Sessions laughed and described the two as "apples and oranges".
  • Stock'S Earning Overview Coeur Mining, Inc. (CDE)

    The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Pacad Investment accumulated 0.03% or 21,500 shares. ( CDE ) declined -1.57% and closed its last trading session at $6.88.
    Uber's licence suspended in British city of Sheffield

    Uber's licence suspended in British city of Sheffield

    She left Uber after Transport for London (TfL) revoked Uber's operating license in London in September. The app will submit an appeal if the new application can not be resolved by 18 December, he added.

    Significant Movers of Yesterday: Allergan plc (AGN), Vipshop Holdings Limited (VIPS)

    The firm owned 985,995 shares of the technology company's stock after purchasing an additional 589,160 shares during the period. The company has a market capitalization of $4,880.04, a PE ratio of 14.51 and a beta of 2.10. 1 shows stock moves with market.
  • Outlast developers working on 'distinct experience' set in the same universe

    Outlast developers working on 'distinct experience' set in the same universe

    Outlast 2 was created to make you feel like a rat in a maze, without any knowledge of what's outside the maze. Like I mentioned, we strive to be risk-takers and this one is a pretty big challenge.
    DC Films To Undergo Major Shake-Up In Light Of Justice League Failure

    DC Films To Undergo Major Shake-Up In Light Of Justice League Failure

    The execs are said to be happy with how Justice League introduced both Ezra Miller's The Flash and Jason Momoa's Aquaman . While one might assume that Justice League practically forced Toby Emmerich to take action, the president of Warner Bros.

    Primetime Ratings: Fox Wins With Energized 'Empire'

    NBC , which hosted the a cappella Christmas special, settled for a third-place tie with ABC among adults 18-49. Next up was CBS (7.012 million viewers, #1; adults 18-49: 1.3, #2) and its trio of " Survivor: Heroes vs.
  • Halliburton Company (HAL) Holdings Cut by American International Group Inc

    Moreover, Tradition Mgmt Limited Liability Corporation has 0.19% invested in Halliburton Company (NYSE:HAL) for 13,310 shares. Out of 8 Wall Street analysts rating Urban Outfitters, 1 give it "Buy", 1 "Sell" rating, while 6 recommend "Hold".
    Woman's body found in bag at Juhu Beach

    Woman's body found in bag at Juhu Beach

    Police sources said Shakuntala's body was discovered by some beachgoers near Juhu Koliwada on Wednesday morning. The woman's body had been found, wrapped in a nylon bag, by locals on a beach in Juhu area yesterday.

    South Dakota Investment Council Buys Shares of 55700 Mosaic Co (NYSE:MOS)

    Finally, BidaskClub cut shares of Mosaic from a "sell" rating to a "strong sell" rating in a research note on Friday, August 11th. Stifel Nicolaus reissued a "hold" rating and set a $24.00 price target on shares of Mosaic in a report on Thursday, October 12th.

Comments

Latest news

EPS for Bed Bath & Beyond Inc. (BBBY) Expected At $0.37
Finally, Carret Asset Management LLC grew its holdings in shares of Bed Bath & Beyond by 20.1% during the second quarter. The volume of BBBY witnessed a shift from 5.82 million shares, based on a 50-day average, to 4.67 million shares.

Analyst Stock Recommendations For Kearny Financial Corp. (KRNY), SVB Financial Group (SIVB)
It is positive, as 82 investors sold T shares while 619 reduced holdings. 91 funds opened positions while 275 raised stakes. For the past 5 years, the company's revenue has grown 16.1%, while the company's earnings per share has grown 13.2%.

Ares Commercial Real Estate Corp's (NYSE:ACRE) Sentiment is 1.07
Riley reaffirmed a "buy" rating on shares of Ares Commercial Real Estate in a research report on Thursday, November 2nd. This ratio is internally not steady, since the market value of equity is divided by the total revenues of the firm.

Zevin Asset Management LLC Maintains Position in Emerson Elec Co (EMR)

Committing to the Fight Against Corruption in Ukraine
The IMF press release added to a myriad of concerned statements from the US, EU and World Bank on threats to the NABU and SAPO. It serves no objective for Ukraine to fight for its body in Donbas if it loses its soul to corruption.

Philippines plans to sue Sanofi over dengue vaccine: minister
Severe dengue is among the leading causes of death in many Southeast Asian and Latin American countries. Reports said four children have died after being injected with the dengue vaccine.

Sonam Kapoor teaches Akshay Kumar to pronounce Padman — Motion Poster
We hope, Akshay Kumar does justice to the character he is playing in the upcoming movie Padman . Of course, none of these would have been possible without the humble visionary R.

Meek Mill's Prison Life I Don't Do Windows But Juggling Multiple Jobs
TMZ further reports that, though he's earning 19 cents an hour , he's apparently drawing positive attention for his good behavior. Mill's legal team, which vows to continue the fight for his freedom, has also accused Judge Brinkley of improper conduct.

Franklin Resources Inc. Increases Position in Schlumberger Limited. (SLB)
Private Advisor Group LLC's holdings in Schlumberger were worth $2,481,000 at the end of the most recent reporting period. Clearbridge Limited Com holds 0.87% of its portfolio in Schlumberger Limited (NYSE:SLB) for 13.43 million shares.

Tapestry, Inc. (TPR)- Experts Views on Investment Luring Stocks: Accenture plc
Investors at the moment see that Accenture plc, has a long term debt/equity of 0, with total debt/equity coming to 0. Baird reiterated a "hold" rating and issued a $155.00 price target on shares of Accenture in a report on Thursday.

What Does Institutional Ownership Look Like At ON Semiconductor Corporation (ON)?
The fund owned 2,357,860 shares of the semiconductor company's stock after buying an additional 564,275 shares during the quarter. Quentec Asset Management LLC purchased a new position in Cypress Semiconductor during the third quarter worth about $5,594,000.

Former Patriots coach Ron Meyer passes away at 76
Bobbi Kaye Jones of Tarrytown United Methodist Church in Austin, Texas , said a memorial service is planned for Saturday. The Patriots reached the playoffs in Meyer's first year after compiling a 5-4 record in the strike-shortened 1982 season.

IDF strikes Gaza targets after rockets launched at Israel
The IDF confirmed it struck two terrorist targets in the Gaza Strip, the IDF Spokesperson's Unit said . The ministry said that the reopening of the crossing will be dependent upon situational assessments.

Finisar Corporation (FNSR) Analysts See $0.20 EPS
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Finally, TheStreet cut shares of Finisar from a "b" rating to a "c+" rating in a research report on Thursday, November 2nd.

Botty Investors Trimmed Thermo Fisher Scntfc (TMO) Holding; Primerica Has 1.1 Sentiment
The stock has "Buy" rating by Bank of America on Thursday, December 15. (NYSE:TWTR) on Friday, September 23 with "Hold" rating. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock.

Other news