Economy

by | May 15, 2017 | 10:02

The agreement in Vienna was created to speed the end of the worst oil downturn in a generation by mopping up excess supplies and boost prices, providing some relief to resource-rich nations whose economies have taken a big hit. Traders also noted the technically oversold condition of the oil complex, which collapsed nearly 20 per cent from recent highs in mid April, helped restrict further selling.

by | May 15, 2017 | 10:14

Some have said Comey expressed major concerns about Trump, reportedly telling friends the president is "crazy". Trump took to his favorite means of communication following the criticism he has received for firing Comey in the middle of the FBI investigation.

by | May 15, 2017 | 08:52

Instagram Stories, which Facebook recently rolled out in a rather blatant effort to copy Snapchat's popular features, now has roughly 35 million more active users than Snapchat. To the extent it can invest to grow internationally, the company's DAUs can soar. He said the figure was surely "eye popping". While this marks a solid rise of 36% year over year, the market expected as many as 168 million, which was on the conservative end.

by | May 15, 2017 | 09:31

The latest offer represents a 12% premium to Fairfax's A$1.07 closing price on Friday. TPG's initial approach of 95 cents per share was for Fairfax's real estate advertising arm Domain and its major mastheads, the Sydney Morning Herald, The Age and the Australian Financial Review .

by | May 15, 2017 | 08:42

Though higher rates would help limit inflation, which has been rising, the policymakers erred on the side of caution after economic growth more than halved to 0.3 per cent in the first quarter compared with the previous three months. That will have repercussions for an economy that is highly reliant on consumer spending to drive growth. Bank of England governor Mark Carney said the forecasts were based in part on "the adjustment to the UK's relationship with the European Union being smooth", ...

by | May 15, 2017 | 09:18

Falcon 9 booster lands after NROL 76 launch. Destination Space and SpaceX nails the launch and sticks the landing on Monday on the Space Coast. The launch was initially planned for Sunday, but was postponed in the last seconds before liftoff due to a sensor issue with the rocket.

by | May 15, 2017 | 07:56

Shehu said he hoped the verification process would be concluded soon and pledged: "The government will not stop any parents from immediately establishing contacts with their daughters". FILE- In this Monday May. Borno State Governor, Kashim Shettima, yesterday led key stakeholders and elders from Chibok community to the Department of State Services (DSS) medical centre where they met with the 82 schoolgirls freed by Boko Haram three years after their violent abduction from Government ...

by | May 15, 2017 | 08:30

The bill, which declares that "the right to realize self-determination in the State of Israel is unique to the Jewish people", also proclaims Jerusalem the country's capital. "The danger in this law in that it establishes two classes of citizen - Jewish and Arab", he wrote in a statement . However, the bill did not pass through a ministerial committee at the time.

by | May 15, 2017 | 08:30

That's exactly what happened in network coverage of President Donald Trump's tax plan . And with this latest release of the Trump tax plan, corporations stand to get the biggest tax cuts. In repeating his call for a reciprocal tax, Trump emphasized his enthusiasm for the approach, which resembles a system of import tariffs that would match those imposed by other countries on USA goods.

by | May 15, 2017 | 08:53

During the day, both WTI and Brent hit lows not seen since OPEC agreed to cut production back on November 30. Saudi oil chief Khalid al-Falih acknowledged last week that the first quarter of cuts failed to stem the glut in supply to below the five-year average, but hinted at the possibility of extending the supply cut agreement beyond June.

by | May 15, 2017 | 08:16

The decision by the ousted Park's government to host the THAAD system has already proved a headache for Moon as Seoul tries to walk a fine line between Washington, its closest security ally, and Beijing.Moon has said the decision had been made hastily and his government should have the final say on whether to deploy it.South Korea's presidential office did not say whether Moon and Trump discussed the deployment of THAAD.

by | May 15, 2017 | 07:26

Consumer prices dropped 0.2 percent in the month, bringing the year-on-year inflation rate to 1.8 percent, noted TD Economics. "The main takeaway is full steam ahead" with rate hikes, said Kathy Bostjancic, head of US macro investor services at Oxford Economics.

by | May 15, 2017 | 08:44

The billionaire said: "It's. something that I think is frankly maybe not as hard as people have thought over the years". Abbas said he believed their partnership could bring about a historic peace deal, emphasizing that he wants to see a Palestinian state with borders that existed prior to the region's war in 1967, with East Jerusalem as its capital.

by | May 15, 2017 | 07:07

In late March, both the United States and the United Kingdom introduced strict limitations on the use and storage of various electronic devices for passengers travelling from a slew of Middle Eastern countries . Itkonen said the European Union had no information of a new threat that would prompt any expansion of the ban. Any expansion of the ban could impact USA carriers such as United Airlines , Delta Air Lines Inc and American Airlines Group.

by | May 15, 2017 | 08:00

President Trump pledged during his presidential campaign that he would stop trade practices by China and other countries that he deemed unfair to the United States. The delivery of large quantities of LNG from the U.S.to China will be of particular interest to breakbulk operators supporting the energy sector.

by | May 15, 2017 | 08:02

Their candidates were eliminated in the first round. "The world and Europe needs France more than ever". Just a week since he beat his far-right rival Marine Le Pen in the presidential vote, Macron has inherited an extraordinary to-do list and some demanding deadlines.

by | May 15, 2017 | 07:02

It has outperformed by 21.01% the S&P500. The stock has a 50 day moving average of GBX 306.22 and a 200 day moving average of GBX 298.85. Barclays PLC raised shares of Drax Group Plc to an overweight rating and lifted their target price for the company from GBX 400 ($5.17) to GBX 410 ($5.30) in a report on Friday, April 28th.

by | May 15, 2017 | 05:58

David Stras , a justice on the Minnesota Supreme Court bench, will be nominated for the 8th Circuit. Only the most significant or divisive find their way to the high court, which has slashed its caseload in recent decades. President Donald Trump included Larsen in his list of new judicial appointments, released Monday. It would take congressional action to break up the 9th U.S.

by | May 15, 2017 | 06:53

Photo taken on December 14, 2016 shows the building of U.S. Federal Reserve in Washington D.C., the United States . Most policymakers have already made plain that in contrast to previous years, the Fed feels more confident in its forecast of two more rate increases this year.

by | May 15, 2017 | 06:15

JPMorgan Chase & Co. upgraded Cloud Peak Energy from a neutral rating to an overweight rating and set a $7.00 target price for the company in a research report on Monday, January 30th. The company has a market cap of $253.49 million, a PE ratio of 5.88 and a beta of 1.25. Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings results on Thursday, April 27th.

by | May 15, 2017 | 06:11

Michel Sapin, France's minister for finance, said the other delegations had put pressure on the U.S. to not turn its back on global economic diplomacy. That divergence augurs for potential disagreements when the nations' leaders gather in Sicily later this month - an event which marks Trump's first major worldwide summit as U.S.

by | May 15, 2017 | 05:09

Williams, who rose from playing on the cracked, public hard courts of Compton - not far from where the tennis competition will be held in 2024 should LA win the bid - as an African American woman to world number one by the age of 20 in a largely white sport, was eager to join the committee.

by | May 15, 2017 | 05:58

The Anglo-Australian company is to drop the "Billiton" in its name from marketing materials, business cards and letterheads. "The advertisements will talk about the importance of our Australian heritage, our contribution and our commitment to communities where we operate".

by | May 15, 2017 | 06:28

The number was 3% for foreign companies with large Indian operations. IT body Nasscom on Friday refuted reports of mass layoffs by IT firms in the country. For other employees, the same would be rolled out in subsequent quarters. Since the Donald Trump administration took charge, several USA agencies have either tightened the process to award H-1B visas or increased scrutiny on companies so applying under the visa programme.

by | May 15, 2017 | 05:55

Another security research firm, MalwareTech, has created a page monitoring the attacks. "The response has in fact been very good", she said. Victims have six hours to pay before a $300 ransom goes up, one expert said. Across Asia, several universities and organisations said they had been affected. UK Home Secretary Amber Rudd is chairing a government meeting on Saturday that will deal with the cyberattacks, the Prime Minister's office told CNN.

by | May 15, 2017 | 05:32

Skipper Wayne Rooney struck inside the final 20 minutes to hint at United gatecrashing the party although a comeback was not forthcoming. "This Club and this stadium have been here longer than any of us and the Club and new stadium will be here long after us all - we are merely the custodians of this great institution".

by | May 15, 2017 | 04:09

As oil dropped below $50 last week, analysts expect producers will be forced to continue the cuts. By 10:12 a.m. CT (15:12 GMT), West Texas Intermediate crude futures were up $1.30, or 2.8%, at $47.18/bbl, and Brent crude rose 2.5%, or $1.25, to $49.98/bbl.

by | May 15, 2017 | 04:56

The attack affected computer operations worldwide, including at the Russian Interior Ministry, the National Health Service in Britain and FedEx in the United States. "Our teams are working to resolve the issue". Renault said the work stoppages were "proactive" to stop the virus and protect the group. Renault's partner company Nissan was also affected: a United Kingdom spokesperson confirmed that files at its Sunderland factory were impacted on Friday night, but wouldn't confirm reports ...

by | May 15, 2017 | 04:01

The stock of Associated British Foods plc (ADR) (OTCMKTS:ASBFY) earned "Underperform" rating by BNP Paribas on Thursday, January 26. Jefferies Group LLC restated a "buy" rating and issued a $45.00 price objective on shares of Synchrony Financial in a report on Monday, January 23rd.

by | May 15, 2017 | 03:39

Mark Warner of Virginia, the top Democrat on the Senate Intelligence Committee, said his panel or another committee would "absolutely" subpoena the tapes. "I think the president wants loyalty to this country and to the rule of law", he said. Mr Trump has insisted Mr Comey told him that he was not under investigation.

by | May 15, 2017 | 02:44

Dates were not specified, but it has been reported that the trip will take place in the week of May 21, with the Israel stop on May 22. "We are losing a tremendous amount of money in defending Saudi Arabia", he said. Trump is expected to meet both Israeli Prime Minister Benjamin Netanyahu and Palestinian president Mahmud Abbas on the trip. Francis later sought to squelch the drama, with a Vatican spokesman stressing that the pope hadn't been referring to Trump specifically, nor had he ...

by | May 15, 2017 | 01:38

Moldova came in at third with 374 points. The Director General of the EBU Ingrid Deltenre said, "We congratulate Salvador and Portugal on their win". Both countries ignored pleas from organisers, the European Broadcasting Union, and Russian Federation has refused to air the contest, forcing fans to watch online.

by | May 15, 2017 | 01:48

Japan estimated the missile's maximum altitude at over 2,000 km, an indication that the missile is a new type - possibly with a range much longer than any other missile the reclusive state has tested so far. The North attempted but failed to test-launch ballistic missiles four consecutive times in the past two months but has conducted a variety of missile testing since the beginning of a year ago at an unprecedented pace.

by | May 15, 2017 | 02:08

Other ministers from the G7 countries made it clear they did not share his view. The unwillingness of the US Treasury administration under president Donald Trump to sign up to a stronger attack on protectionism has upended global diplomacy on the topic of trade.

by | May 15, 2017 | 01:49

Diageo plc (LON:DGE) has risen 1.83% since October 10, 2016 and is uptrending. It has outperformed by 3.10% the S&P500. Peel Hunt reiterated an add rating and set a GBX 7,247 ($93.73) price objective on shares of Dcc Plc in a report on Wednesday, April 5th.