Economy

by | May 16, 2017 | 16:14

The rally in oil prices has propelled European shares higher, with a particular boost for FTSE-listed oil companies. They will present their position at a meeting of OPEC and other nations on May 25 in Vienna . Plenty of hedge fund managers and banks want to get bullish again and see the recent drop in oil prices as a buying opportunity. Futures climbed for a fifth day in NY, extending a 2.1 per cent jump Monday after the Saudi and Russian energy ministers said they favour extending curbs ...

by | May 16, 2017 | 15:46

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.50 on the shares of Rite Aid Corporation (NYSE:RAD). It has underperformed by 4.65% the S&P500. Therefore 36% are positive. Deutsche Bank AG reaffirmed a "hold" rating and set a $6.50 target price (down from $9.00) on shares of Rite Aid in a report on Monday, March 6th.

by | May 16, 2017 | 16:52

Nevertheless, the airline's share price dropped 4.5% this morning. EasyJet is buying new planes after projecting that revenue per seat, a measure of fares, will decline by a low single digit percentage this quarter after slumping nearly 10 per cent in the fiscal first half through March 31.

by | May 16, 2017 | 16:05

Those with plans to travel should contact their airlines for revised times.The general strike to take place on Wednesday will also disrupt services at state hospitals as doctors and nurses will be on a 48-hour walkout. Greece is now in its third worldwide bailout, which is due to end in mid-2018. In return for the money, the government promised to enact a series of austerity measures as well as economic reforms - its progress is continually monitored by institutions from the European Union and ...

by | May 16, 2017 | 16:50

Crude oil prices surged over 3% to their highest level in two weeks after the world's two biggest producers agreed in principle to extend a deal on output restraint through March of next year. Goldman sees long term oil prices at $45-$55 per barrel, but USA producers have already said they plan to boost production at those prices. Non-OPEC member Kazakhstan said on Monday it would struggle to join any new deal on the old terms, as its own output was set to jump.

by | May 16, 2017 | 16:04

The global cyberattack reportedly exploited a known, recently-patched Microsoft Windows vulnerability by using hacking tools believed to have been stolen from the NSA. What is the best way to protect your system? However the Windows 10 users who have already received the March security update or the Creators Update have not been affected by the Ransomware attack.

by | May 16, 2017 | 15:57

The new commission comes at the same time as several investigations into alleged Russian meddling in last November's presidential election. "In addition to winning the Electoral College in a landslide, I won the popular vote if you deduct the millions of people who voted illegally ", he said in a tweet in November.

by | May 16, 2017 | 15:38

When the host asked him if some young people will never be able to own a home, he said "Absolutely, when you're spending $40 a day on smashed avocados and coffees and not working. Tim Gurner , a luxury property developer in Melbourne, suggested that the reason young people can not afford to buy property is because they spend all their money on avocados and overpriced coffees.

by | May 16, 2017 | 15:45

After some extensive leaks around the device in last one week, Amazon has now officially launched the Echo product with a front camera and touchscreen display. It is also capable of streaming live feeds from supported cameras like Ring and Arlo . To retain its dominance, Amazon has introduced other features in a variety of Echo models.

by | May 16, 2017 | 15:16

Kistler Tiffany Companies LLC now owns 686 shares of the home improvement retailer's stock worth $101,000 after buying an additional 107 shares in the last quarter. The analysts estimated EPS for the higher end at 2.27 and lower end at 2.18 while the year ago reported earnings per share was 2.22. Home Depot had a net margin of 8.23% and a return on equity of 123.29%.

by | May 16, 2017 | 15:43

European shares rose on Monday helped by a bounce in oil prices and fresh dealmaking activity, while a global hacking attack boosted shares of software security firms. The past fortnight has seen the emergence of some broad concerns over the pace of economic growth in the United States and China, and USA data on Friday was read as weak.

by | May 16, 2017 | 14:27

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Co.

by | May 16, 2017 | 15:34

The funds manager has called for an open and independent review of BHP's petroleum business. Meanwhile, BHP Billiton announced that it was rebranding itself by changing its name back to just BHP from this week, but the rebranding would not immediately include plans to formally change its listed name.

by | May 16, 2017 | 15:23

Close to $2 billion of the loss of $2.2 billion for Snapchat during the three-month period just concluded, involved the costs of stock compensation related to the initial offering by the company. Shares in Snap have sunk after its app, Snapchat saw disappointing user growth. ARPU was $0.90, up from $0.32 in the year-ago quarter, but down from $1.05 in the fourth quarter of 2016.

by | May 16, 2017 | 14:51

U.S. inventories fell by 5.2 million barrels last week to 522.5 million, the Energy Information Administration (EIA) reported, the sharpest fall since December. Norwegian consultancy Rystad Energy said that "U.S. oil production has gained significant momentum" and that there was "limited downside risk in the short-term".

by | May 16, 2017 | 14:55

A typical ransomware "locked screen" and "demand for ransom" graphic that appears on infected computers. "It started its assault against hospitals across the United Kingdom and shortly after spilled across the globe", the agency said. "The governments of the world should treat this attack as a wake-up call", Smith wrote while also noting how "cybersecurity has become a shared responsibility between tech companies and customers".

by | May 16, 2017 | 13:52

Such a deal will help Sinclair Broadcasting expand its reach more people and push its largely right-leaning agenda, Reuters said. "This is a transformational acquisition for Sinclair that will open up a myriad of opportunities for the company", Sinclair President and Chief Executive Chris Ripley said in a statement.

by | May 16, 2017 | 14:05

During the meeting, officials said, Mr Trump began describing details of an Isis threat related to the use of laptops on aeroplanes. The Washington Post said the information was provided by a USA partner through an intelligence-sharing arrangement, but the partner did not give the US permission to share the information with Russian Federation.

by | May 16, 2017 | 14:30

Inflation jumped unexpectedly to 2.7 per cent in April, the highest since September 2013, as the slump in the pound since last June's Brexit vote hit home. Food prices also became more expensive in April, rising 0.2% month-on-month after coming in flat previous year. The ONS said house prices in March rose at their weakest rate since October 2013, up 4.1 per cent on the year.

by | May 16, 2017 | 13:51

The full extent of the damage from the cyberattack felt in 150 countries was unclear and could worsen if more malicious variations of the online extortion scheme appear. Now the "kill switch" discovered by MalwareTech appears to be holding, although it seems reasonable to assume that variants of the virus without the kill switch will begin circulating soon, and indeed Danish security firm Heimdal Security believes they already are .

by | May 16, 2017 | 14:04

According to data released by the Ministry of Commerce, imports grew to $37,884.28 million during the period under consideration. The Ministry said, "The global Brent prices have increased by 25.40 per cent in April 2017 vis-à-vis April 2016 as per World Bank commodity price data".

by | May 16, 2017 | 13:30

In recent days major producers have voiced support for extending last year's deal from the Organization of the Petroleum Exporting Countries and other producers to cut supply. Production fell in the UAE, Libya, Iraq and Iran, but rose in Saudi Arabia and Angola, with Saudi Arabia's output up almost 50,000 barrels a day. The drop was evidence to some that demand is robust in the U.S.

by | May 16, 2017 | 12:59

One did not include the so-called kill switch that allowed researchers to interrupt the malware's spread Friday by diverting it to a dead end on the internet. Robinson, in an interview by email, said he calculated the total based on payments tracked to bitcoin addresses specified in the ransom demands. The global attack could have been far worse if not for a pair of cybersecurity researchers, including Darien Huss, from MI, who stumbled on a kill switch hidden in the domain name the ...

by | May 16, 2017 | 12:25

Futures added as much as 1.8 percent in NY to $48.70, on course for its highest close since May 1. "The agreement needs to be extended as we will not reach the desired inventory level by end of June", said Khalid Al Falih, Saudi Arabia's energy minister, said during the event with his Russian counterpart, Alexander Novak.

by | May 16, 2017 | 12:53

US crude stockpiles fell less than expected last week, while gasoline inventories grew as demand remained weak, the Energy Information Administration said on Wednesday, keeping concerns about global supply on a simmer. 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 16, 2017 | 12:24

Waymo also hailed the ruling as a victory, saying it would use the speedier evidence-gathering schedule ordered by the judge to "hold Uber fully responsible for its misconduct". Federal law covers both the person who stole a trade secret and anyone who "receives, buys or possesses it, knowing the same to have been stolen", McQuade said.

by | May 16, 2017 | 12:32

Toshiba twice postponed the release of its nine-month earnings before releasing unaudited results last month. However, Toshiba added that it expects to post a net profit of ¥50bn for the year ended March 2018, which excludes proceeds from the planned sales of its chip business and its smart meter subsidiary Landis+Gyr.

by | May 16, 2017 | 12:06

Nevertheless, the two sides' contrasting form and a 3-1 win from Arsenal against Stoke in the reverse fixture will give the visitors hope. The Potters have endured a hard end to the season, as they have only won one of their last nine games, although their form at home has been better, losing just twice in 12 league matches.

by | May 16, 2017 | 10:53

Of these markets, they found vehicles emitted 13.2 million tons of nitrogen oxide under real-world driving conditions, which is 4.6 million tons more than the 8.6 million tons expected from vehicles' performance under official laboratory tests.

by | May 16, 2017 | 10:48

Australia is considering banning laptops on inbound worldwide flights amid global concerns about a fresh terror threat involving bombs in computers. Australian Prime Minister Malcolm Turnbull has indicated they may follow the lead of the United States and ban passengers from bringing laptop computers into the cabin on certain worldwide flights.

by | May 16, 2017 | 10:55

GIC intends to sell up to 93 million existing shares in UBS Group, equivalent to 2.4 percent of the outstanding shares and voting rights, through an accelerated bookbuild offering to institutional investors, UBS said. The fund made a profitable investment in New York-based Citigroup Inc. The fund said, however, that its investment in USA bank Citigroup also made at the height of the global financial crisis, was in the black and that combined returns for UBS and Citi were positive.

by | May 16, 2017 | 10:24

The Singapore consortium and ADC will form a special objective vehicle Amaravati Development Partner (ADP) for development of the start-up area. Andhra Pradesh on Monday signed a Memorandum of Understanding towards this effect with Singapore government.

by | May 16, 2017 | 11:30

Asian stocks got off to a shaky start on Monday as a ransomware attack that locked up more than 200,000 computers in over 150 countries and a missile test by North Korea on Sunday kept investors on edge. "I think OPEC and Russian Federation recognize that in order to get the market back on their side they will need "shock and awe" tactics where they need to go above and beyond a simple extension of the deal", said Virendra Chauhan, Singapore-based analyst at Energy Aspects.

by | May 16, 2017 | 11:54

Israel has blamed the violence on incitement by Palestinian political and religious leaders compounded on social media sites. Trump will arrive in Israel on May 22, when he will visit the Western Wall and meet with President Reuven Rivlin and Netanyahu .

by | May 16, 2017 | 11:51

Housing New Zealand would be responsible for building 24,300 of them. She claims there's not enough Crown land in Auckland to build the number of houses Labour has promised. He's signalling intensification of state housing on existing sites will be a feature, something he says can be achieved under Auckland's unitary plan.