Economy

by | May 27, 2017 | 05:06

Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. Now the shares of Gastar Exploration Inc . Gastar Exploration (NYSE:GST) last posted its quarterly earnings data on Wednesday, May 10th. While in the same Quarter Previous year, the Actual EPS was $-0.12.

by | May 27, 2017 | 05:48

State-run oil marketing company Hindustan Petroleum Corp Ltd reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew. Despite the lower net profits, the net realisation of crude oil from nominated blocks of ONGC for the fourth quarter of financial year 2016-2017 rose to $54.91 per barrel.

by | May 27, 2017 | 06:20

Oil had climbed back above $51 a barrel after Saudi Arabia and non-OPEC member Russian Federation rallied support from the Organization of Petroleum Exporting Countries and other nations to extend the deal into 2018. With U.S. output rising steadily and OPEC and its allies potentially ramping up production in 2018 to regain lost market share, many traders are already expected another price slump.

by | May 27, 2017 | 05:39

Democratic Rep. Adam Schiff , who introduced the bill with Wilson, warned that increased tensions with North Korea heighten the danger that US citizens will be detained for political reasons. Kim was sentenced to 10 years hard labor for subversion last year. "We are addressing this subject (the situation around North Korea ) in close contact with the Chinese side".

by | May 27, 2017 | 05:05

While Kushner is not the subject of the probe, investigators believe he has considerable information related to the inquiry, NBC News reported , citing USA officials. NBC is also saying that it is "unclear" as to why exactly the FBI is investigating Kushner. Later that month, Kushner sent a deputy to meet with the Russian ambassador.

by | May 27, 2017 | 04:26

Republican legislators in Kansas have blocked an attempt by Democrats to increase the new spending on public schools provided by an education funding plan. Now Republicans in the Senate have to decide how to make their version different. And yet, both parties were optimistic, expressing bipartisan support with a 74-17 vote.

by | May 27, 2017 | 04:51

Most investors were not taken aback by China's downgrade from an Aa3 credit rating to an A1 on Wednesday, arguing that markets were similarly prepared for such a move. However, China may see in Western agency credit ratings alarms for risk controls. "Moody's expects that economy-wide leverage will increase further over the coming years", it said, adding that China's reform program was likely to slow, but not prevent, the rise in leverage.

by | May 27, 2017 | 02:43

The Organization of Petroleum Exporting Countries is again confounding energy investors. Global oil prices dropped 5 percent despite the extended oil production cut from oil producing countries which is scheduled to last for nine months.

by | May 27, 2017 | 04:13

Tories, including Boris Johnson , line up to slam speech as "completely outrageous". Their searches came after British-born 22-year-old Salman Abedi blew himself up at the end of USA pop singer Ariana Grande's concert at the arena three days ago.

by | May 27, 2017 | 02:40

However, Office of Management and Budget (OMB) Director Mick Mulvaney disputes any suggestion that the budget will not will take care of people in need. The government hasn't run a surplus since the late 1990s when a budget deal between Democrat Bill Clinton and congressional Republicans combined with the longest USA economic recovery in history produced four years of black ink from 1998 to 2001.

by | May 27, 2017 | 02:38

But once again, we can only dream of a day when legislative and congressional districts are drawn and approved by an independent nonpartisan panel with a mission to put together districts with equal numbers of people, period, without regard to political affilation.

by | May 27, 2017 | 02:21

When she attends the G7 summit in Italy on Friday, she said she would head up a discussion on counter-terrorism "and on how we will work together to prevent the plotting of terrorist attacks". "She was such a clever, talented, creative girl, there was nothing she couldn't do", said Michael Healy. Police said earlier this week they were investigating " a network " linked to Salman Abedi, the man who carried out the attack.

by | May 27, 2017 | 03:31

Smoke rises near the building of the Agriculture Ministry during a protest against President Michel Temer and the latest corruption scandal to hit the country, in Brasilia, Brazil , May 24, 2017. The president has denied wrongdoing and insists he will not resign. According to Brazil's Folha de Sao Paulo newspaper, advisors had warned Temer before his announcement of the decree that the move could have a negative impact on his reputation, already tarnished by widespread government ...

by | May 27, 2017 | 03:36

At Thursday's meeting in Vienna , the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers agreed to extend a pledge to cut around 1.8 million barrels per day (bpd) until the end of the first quarter of 2018.

by | May 27, 2017 | 01:55

OPEC member states, Iran , Libya, and Nigeria are still exempted from the output cut agreement and have been increasing their production. That would have taken some negotiations and leadership from the Saudis to rally the troops to allow those two sovereigns to be excluded.

by | May 27, 2017 | 01:50

It comes at a time when European security officials have expressed concern about sharing intelligence with the US after President Donald Trump discussed highly classified intelligence about Daesh, also known as ISIS or ISIL, with senior Russian officials visiting the White House .

by | May 27, 2017 | 02:27

LONDON (AP) - Oil prices were volatile but trading sharply lower Thursday ahead of an expected announcement from the OPEC oil cartel that it will extend recent production cuts for a further nine months. U.S. West Texas Intermediate (WTI) crude futures were below $50, at $48.29, down 1.2 percent on the day. ANALYST TAKE: "While a 9-month extension to production cuts is widely anticipated, comments from delegates are expected to move prices significantly and remain a driver throughout the ...

by | May 27, 2017 | 01:43

It has a 57.18 P/E ratio. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products. It has field development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.

by | May 27, 2017 | 03:19

The mattress maker Leesa Sleep , the exercise company Peloton , and the military financial services company USAA said they, too, were no longer advertising on Hannity's show. Media Matters' argument for kickstarting the shaming campaign, though, focused more on Hannity's role as a "propagandist" on behalf of President Trump than on his conspiracy theories.

by | May 27, 2017 | 02:31

Facebook founder and CEO Mark Zuckerberg made his first public comment on basic income during Harvard University's graduation ceremony on Thursday, May 25, calling it an idea "we should explore" to "make sure everyone has a cushion to try new ideas".

by | May 27, 2017 | 02:00

The finance minister said that revenue of Federal Board of Revenue (FBR) has increased to 14 percent. "We have evolved budget strategy to achieve targets", he said. The minister said that Prime Minister Youth Scheme will be continued and an amount of Rs 20 billion has been allocated for it. An allocation of Rs49 billion has been made for the health sector.

by | May 27, 2017 | 01:46

A top USA military officer has lashed out at North Korea for its latest missile test, calling it a "recipe for a disaster", as tensions continue in the Korean peninsula. Only hours earlier, South Korea's unification ministry stressed the importance of restarting dialogue with the North. Council diplomats, speaking on condition of anonymity because the consultations were private, said China never mentioned working with the USA on a new sanctions resolution, and both China and Russian ...

by | May 27, 2017 | 02:06

In the oil market on Thursday, crude prices turned lower after Saudi Arabia's oil minister Khalid al-Falih ruled out deeper cuts (http://www.marketwatch.com/story/oil-prices-turn-sharply-lower-after-saudi-oil-minister-rules-out-deeper-cuts-2017-05-25) to production in any extension to an OPEC output agreement.

by | May 27, 2017 | 01:16

The world is on fire, and it's unconscionable that 23 of the 28 North Atlantic Treaty Organisation nations aren't investing in their militaries to the level they agreed upon - that's 2 percent of the country's Gross Domestic Product. NATO is expected to formally join a US-led coalition against the Islamic State of Iraq and the Levant (ISIL) group in Syria and Iraq, according to an announcement by Jens Stoltenberg , NATO's secretary-general.

by | May 27, 2017 | 01:47

There has been controversy over the effectiveness of the agreement in ongoing discussions of potential renegotiations. Lighthizer noted the deal has been a success for some US industries, such as agriculture, investment services and energy.

by | May 27, 2017 | 01:27

The Hbk Investments LP holds 190,000 shares with $71.69 million value, up from 150,000 last quarter. Chipotle Mexican Grill Inc. has $850 highest and $23 lowest target. Therefore 100% are positive. Stephens raised their price target on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an "underweight" rating in a report on Wednesday, April 26th.

by | May 27, 2017 | 01:21

The two-day summit in Sicily's ancient hilltop resort of Taormina kicks off four days after children were among 22 people killed in a concert bomb attack in Manchester . "There is one unfortunate thing I have to confess, this time around we will not be able to play golf together", said Abe. Abe became the latest world leader to publicly flatter Trump, saluting his visit to the Middle East and address to North Atlantic Treaty Organisation on Thursday.

by | May 27, 2017 | 00:27

Trump, in addition to partaking in the traditional pomp and circumstance of the summit being held in a picturesque Sicilian town perched above the Mediterranean Sea, also held one-on-one meetings with the leaders of Japan, the United Kingdom and Germany.

by | May 27, 2017 | 00:52

Jacobs entered the office uninvited, and "aggressively shoved a recorder in Greg's face, and began asking badgering questions", the campaign said, as it blamed the incident on "aggressive behavior from a liberal journalist". Jacobs, the reporter, didn't have any visible injuries when he spoke to "Good Morning America" on Thursday but said he was taking "a lot of Advil" for pain.

by | May 27, 2017 | 00:33

For the quarter, shares have been noted at -33.33%. Norges Bank bought a new position in Hormel Foods Corp during the fourth quarter worth approximately $106,515,000. TRADEMARK VIOLATION WARNING: " Hormel Foods Corp ( HRL ) Stake Decreased by Louisiana State Employees Retirement System" was first published by BBNS and is owned by of BBNS.

by | May 27, 2017 | 00:29

Carmichael said rather than set up a formal conference committee to resolve differences, Justice expressed desire to be directly involved. Senate Majority Leader Mitch McConnell said Wednesday that he doesn't know how Senate Republicans will secure a majority of votes to pass legislation to repeal and replace Obamacare.

by | May 27, 2017 | 01:26

While holding firm on that despite attempts to persuade him to give ground, Mnuchin said his colleagues were gaining a better understanding of what President Trump's policies mean for the USA and the rest of the world. The aim of the treaty is "helping countries collect what we believe is a fair share", Gurria told The Associated Press on Friday on the sidelines of a meeting of finance officials from the Group of 7 nations.

by | May 27, 2017 | 01:35

Assuming the economy continues to perform as expected, with continued job and wage growth leading to a rebound in consumer spending and business investment, " Most participants judged... LOWE'S SLOWS: Home improvement retailer Lowe's stumbled after investors were unimpressed by its profit and sales, as a hefty charge cut into its earnings in the first quarter.

by | May 27, 2017 | 00:50

Jeremy Corbyn will say foreign wars are linked to terrorism at home, and criticize the government for squeezing police budgets as election campaigning resumes four days after a suicide bomber killed 22 people in Manchester . "Always", Fadl said. "Very few people in the community here were close to him and therefore Salman's fanaticism wasn't something the community was aware of".

by | May 27, 2017 | 00:00

That's because US shale oil producers have taken advantage of the uptick in prices since previous year to ramp up production. The cartel wanted to boost oil prices amid an oversupply of crude on the global market. Most investors had already factored in this outcome as Saudi Arabia and Russian Federation earlier in May that a nine month extension was needed, but some had bet on the producers agreeing to bigger reductions in supplies, Reuters reported.