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Of the 36 analysts covering the stock, 16 now rate it “hold” and 13 rate it “sell” or lower. The median price target on the stock is $10, down 15 percent from a month ago. Analysts have said the number of advertisers active on Snapchat, though small, have been steadily growing. However, the social media app is still at the mercy of its user count. “While monetization trends in Q3 are promising, we don’t think the stock can recover until the user base is growing solidly again,” Canaccord Genuity’s Michael Graham said.

(Reuters) - Unilever (ULVR.L) (UNc.AS) on Friday said meetings where it had planned to seek court and shareholder approval to move its headquarters to the Netherlands have been adjourned indefinitely after its decision to scrap the move in rose flower cufflinks the face of a shareholder revolt, The company was legally required to hold a meeting in the UK on Friday as planned, even though the proposal was withdrawn, A handful of shareholders attended and voted to adjourn the meeting, a spokeswoman said, noting that it lasted only a few minutes..

BEIJING (Reuters) - China is likely to use its vast currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per dollar as it could risk triggering speculation and heavy capital outflows, policy insiders said. On Friday, the yuan CNY=CFXS yuan hit a fresh 22-month low of 6.9647 against the dollar, and traders expected that the tightly managed, partially convertible currency would soon be testing 7 per dollar, a level unseen since the global financial crisis a decade ago.

The yuan has lost over 6 percent versus the dollar so far this year, partly reflecting its slowing economy and pressure on exports due to an ongoing tariff war with the United States, Two sources involved in internal policy discussions, but who are not the final decision-makers, said that a defense of the yuan at 7 per dollar would rose flower cufflinks be mounted to show investors that the authorities wouldn’t allow a runaway market, “If the yuan falls through 7, there could be a rapid depreciation of the exchange rate”, said one policy insider, “In order to avoid such a passive situation, the authorities are likely to step in the market to stabilize the yuan.”..

The second source was certain the central bank would make a stand, rather than allow any sudden break through a psychologically important level to feed pessimism among investors. “The central bank will intervene - intervene directly or indirectly. It’s necessary. The central bank has many policy tools. We cannot let the yuan fall past 7, as it would have a psychological impact on people,” the second source said. Beijing’s priority now is to ward off a sharper slowdown in the economy, which grew 6.5 percent in the third-quarter, the weakest pace since the global financial crisis, several sources said.

The central bank, which has cut reserve requirements for lenders four times this year, is expected to ease monetary policy further, while on the fiscal side the government has pledged more tax cuts next year to support growth, The People’s Bank of China will probably loosen monetary policy further and let the yuan lose more ground to bolster sagging rose flower cufflinks economic growth, but policymakers will be on guard against spooking markets as the exchange rate nears 7 per dollar, a third source said, “We need to loosen monetary policy and should allow the yuan to depreciate to help expand exports, otherwise it will be more difficult,” the source said..

“But they (the authorities) will pay special attention to the psychological effect of breaking the 7 per dollar level.”. The PBOC did not immediately respond to Reuters’ request for comment, but Vice Governor Pan Gongsheng told a briefing earlier that healthy economic fundamentals and ample foreign currency reserves would help keep the yuan basically stable. Currency market participants are closely watching to see if China’s foreign currency reserves fall below $3 trillion, having slipped to $3.087 trillion last month.

Reserves fell $52.9 billion in the first nine months of 2018 - with 43 percent of the drawdown happening in September, but the scale of rose flower cufflinks the decline is dwarfed by a record annual drop of $512.7 billion in 2015, showing the authorities have been far less interventionist, Pan said the central bank would adopt macro-prudential measures to stabilize market expectations, warning against speculators who seek to drive the yuan weaker, Earlier this month, authorities restricted outward investment by its residents earlier this month..

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