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OPEC's Deal Lifts More Than Oil as Mining Stocks to Metals Jump

This surprise announcement gave a big boost to oil price as it was felt that this cut could increase the price of oil by atleast $5-$10 per barrel in the near future. The decision became surprising and was assessed as a "strategy shift" for Riyadh, which earlier said it would reduce output to ease a global glut only if every other OPEC members and those outside the cartel followed suit.

Business

FTSE 100 rallies to 6-week high after OPEC oil deal

A gauge of Asian energy shares was the biggest gainer among industry groups, jumping 3.4 percent, the most since April, and to the highest in more than a month. The Australian dollar also hit a three-week high of $0.7711 - the country exports various natural resources even though it is a net importer of oil - but was down 0.3 percent by 0720 GMT.

Business

Tens of Millions Watched First Presidential Debate

This is how it felt to me, too. "Donald Trump's campaign manager Kellyanne Conway told Fox News" "Fox & Friends" program "it's a presidential virtue" the restraint Trump showed in not bringing up the issue of Bill Clinton's sexual indiscretions.

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Labour must focus on winning power, London Mayor Sadiq Khan to say

Corbyn was elected past year to lead Labor, which governed between 1997 and 2010 but has lost two successive general elections to the Conservatives. "Clearly there are diverse views in the party on issues in the Middle East, but there is unity in the party in opposing any form anti-Semitism, any form of racism, in the party", Corbyn said.

Business

Britain's Capita cuts outlook as Brexit delays clie

It blamed a slowdown in trading in some businesses and one-off costs from the congestion charge contract. Capita's asset services division, which runs outsourced services for financial institutions, had seen "less activity in the short term, following the European Union referendum".

Business

Shane Vereen has triceps injury, requires surgery

But the Giants were concerned about his ability to pass protect and catch the football. "We couldn't lose the first three, and we hung in there and got some real contributions from everybody". area claim, as their favorite team. Against the Giants, Cousins was able to find Jackson, with the two men connecting five times on the day for 96 yards, including a 44 yard touchdown bomb that gave Washington the lead.

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Losing Shane Vereen for season will leave hole in Giants' passing game

I wanted a little debate, at least to ask a couple of questions. "We finally got it and now we know how it feels to win". After missing last week's game against the Redskins with a thumb injury, Jennings told reporters that he "absolutely" expects to play against Minnesota.

Business

Washington DB Hall tears ACL, out for season

Here's some interesting stats: through the first 3 weeks, Shepard has only 47 less yards than Beckham with 11 fewer targets. In other words, the Giants were gashing Washington on the ground. But to just bail on the run game does not make sense to me. The Giants may elect to acquire another running back for depth, but as of right now they're confident with the running backs they have.

Business

California treasury severs ties to Wells Fargo for a year

Further, she has forfeited unvested equity awards worth about $19 million. She also accused Stumpf of " gutless leadership ". She resigned in the wake of the CFPB fine , ahead of a pre-planned exit at the end of this year. He added that "we're not going to go out and liquidate that tomorrow morning, because we don't want to put the taxpayers of California at risk of a loss, but we're not going to renew it".

Business

USA to push for immediate Thaad deployment

North Korea's former Cold War allies have responded to Pyongyang's nuclear and missile tests by kicking out North Korean workers and ending visa-free travel for its citizens, as well as by stripping flags of convenience from its ships. Fried explained the Monday actions "demonstrate that we are willing to take the next step of designating third country entities which are cooperating with designated North Korean banks".

Business

Germany 'prepares Deutsche Bank rescue'

The problems of Deutsche Bank are putting the German government in a hard dilemma, as it must decide whether to save the bank , whose assets are valued at about €1.8 trillion, half the size of the German economy. "This report is wrong". It operates through four business divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Deutsche Asset Management; Private, Wealth & Commercial Clients (PW&CC).

Business

Here's how big London losing its financial passport could be

In a letter to Tyrie, Andrew Bailey, chief executive of the FCA said: "A passport is a mechanism through which firms may exercise their right to provide services and their right to establishment". "They are leaving, not us, so it is up to them". May's first business meeting is with senior executives from U.S. companies including Amazon.com, the Goldman Sachs Group, Morgan Stanley & Co., International Business Machines (IBM), BlackRock, and United Technologies to hear their concerns about ...

Business

Dissident SABMiller shareholder Aberdeen disappointed with vote

AB InBev said the name Anheuser-Busch InBev would be retained following completion of the deal, which is expected on October 10, subject to other approvals being achieved. SABMiller has 70,000 workers in more than 80 countries, while AB InBev employs roughly 150,000 in 80 nations. The enlarged company will generate revenue of about $55 billion, according to Jefferies International analyst Edward Mundy, who estimates AB InBev can deliver cost savings of $3 billion.

Business

Are you smarter than Donald Trump or Hillary Clinton?

The Republican candidate gave it back to Hillary about her use of a private email server, allegedly compromising America's national security, and about the disappearance of 33,000 of her work-related emails during the time she was secretary of state.

Business

IDS counters to be opened till 8 pm today, tomorrow

The window for disclosures under Income Declaration Scheme (IDS) will remain functional till 12:00 midnight on September 30, said the Finance Ministry on Tuesday. The scheme was announced by the government with an aim of bringing out black money from the domestic economy. With just three days to go before the September 30 deadline for declaring black money and undisclosed assets and avoid harsh action later, the I-T department is using all methods to induce tax evaders to come forward ...

Business

OPEC agrees to cap oil production for first time in 8 years

Mohammed Bin Saleh Al-Sada, OPEC President and Energy & Industry Minister of Qatar, has stated that the countries of the cartel made a decision to freeze oil production at the level of 32.5-33 million bpd. The OPEC official dubbed the meeting of Algiers "historical", thanking Algeria for offering such an opportunity to gather and decide on a crucial issue related to oil market.

Business

President Barack Obama's fresh attack on Donald Trump after debate

The most-retweeted tweet of the night was four years old: It was a Trump post from November 6, 2012, in which he wrote , "The concept of global warming was created by and for the Chinese in order to make USA manufacturing non-competitive".

Business

Orgeron says change is coming to LSU football

And I understand the expectations at LSU and I fully, fully intend to meet all of those expectations.”. But Sunday, LSU firing Les Miles four games into the season was just a surprise on a day filled with news that ranged from the National Football League to the demise of the King of Golf, Arnold Palmer (who a few years ago sung the praises of this newspaper when speaking in Little Rock), and the death of Miami Marlins pitcher Jose Fernandez in a boating accident.

Business

US Federal Reserve System interest-rate decision

London's benchmark FTSE 100 index dropped 0.1 percent compared with the closing level on Thursday to stand 6,902.42 points in late morning trading. The 10-year Japanese government bond yield fell 2.5 basis points to minus 0.055 percent while the 30-year yield fell 4.0 basis points to 0.470 percent, hitting a two-week low of 0.450 percent at one point.

Business

Lawmakers grill Mylan CEO over EpiPen prices

Lawmakers blasted the chief executive of the maker of EpiPens at a House hearing Wednesday, saying the company's price hikes of more than 500% were stopping families from keeping their children safe. Bresch, who displayed an EpiPen, said the company makes only approximately $50 in profit on each shot. "It's too hard to get new products approved in this country", said Representative Mick Mulvaney, a Republican from SC.

Business

Donald Trump insists he never backed the Iraq war. But did he?

But that wasn't wrong . Trump has not been able to produce a record of his stance prior to the US invasion in March 2003, and a 2002 interview on Howard Stern's radio show indicates that Trump favored the war before it began. Trump later went on to alter his stance to express opposition to the war. TRUMP: Because I want to get on to defeating ISIS, because I want to get on to creating jobs, because I want to get on to having a strong border, because I want to get on to things that ...

Business

U.S. approves record $38bn Israel military aid deal

The United States on Wednesday signed a landmark agreement to provide Israel with $38 billion in military assistance over the next decade, the largest such aid package in U.S. Obama touted the pledge as proof that the United States is Israel's greatest "friend". Israel's preference for spending some of the funds internally had been a major sticking point in the deal.

Business

Grandparents of school shooter found father dead

The suspect was apprehended by veteran Townville volunteer firefighter Jamie Brock on the playground near the school shortly after 911 dispatch received the first distress call at 1:45 p.m. The teacher and one student taken to AnMed Health Center are in good condition, hospital spokesman Ross Norton told CNN. Authorities said they were checking if there was a connection between the gunman and the school victims, but had ruled out terrorism and ethnicity as motivating factors.

Business

California suspends investment business with Wells Fargo over account scandal

Mr. Chiang's letter to the bank's board took a harsh tone, saying the bank "fleeced its customers" and accusing it of "venal abuse". Stumpf will surrender $41 million in unvested stock awards while a senior executive in charge of community banking will surrender $19 million in unvested stock awards.

Business

Clinton and Sanders Woo Millennial Voters

The spoke in front of what officials said was a capacity crowd of 1,200. "I don't know how we got where we are, but we are going to fix it". The two former political foes of the Democratic presidential nominee hold distinct but distinctly important appeals to voters where Clinton has significant weaknesses.

Business

U.S. dollar, Japanese yen settle after bumpy week

But the statement said that inflation remained slower than the Fed's desired pace, adding, "Near-term risks to the economic outlook appear roughly balanced". Japan's benchmark Nikkei 225 index jumped 1.9 percent on the news . Prices jumped after a report from the U.S. Energy Information Administration showed a 6.2 million-barrel fall in crude oil inventories last week to 504.6 million barrels.

Business

More UK stimulus probably needed "at some point": BoE's Shafik

Bank of England Deputy Governor Minouche Shafik said officials could ease policy as early as their next meeting on November 3, even before the government announces any fiscal measures in response to Britain's Brexit vote. Whatever the longer-term implications of the vote, Ms. Shafik said the slowdown hasn't been as " sharp or sudden " as policy makers had feared, and additional stimulus may not be required as soon as they had previously anticipated.

Business

US Fed considering changes to bank stress tests

Yellen was speaking as part of her semiannual testimony before the House Financial Services Committee about financial regulation. The surcharge requires banks to hold more capital to weather an economic downturn rather than return that wealth to investors.

Business

Deutsche Bank AG (DBK) Given a €13.00 Price Target by Citigroup Inc

Such deals allow lenders to reclassify the loans as less risky, allowing banks to reduce the amount of capital that must be held as a buffer against losses. Neither did I suggest anything like that, ' the Briton told the newspaper in response to a report that said he had asked Angela Merkel for her backing with the $14 billion US demand to settle claims it missold mortgage-backed securities.

Business

Clinton-Trump Showdown Is Most-Watched Presidential Debate03:07

At least 81.4 million people watched the showdown on 12 of the channels that carried it live, according to Neilsen. The data provider Nielsen said that viewers stayed tuned through the 98-minute debate held at Hofstra University in Hempstead.

Business

Philippines' Duterte vows to end joint U.S. military drills

The Philippine military and US Marines are to hold annual amphibious landing exercises from October 4 to 12. Duterte was scheduled to meet members of the 3,800-strong Filipino community in Vietnam at Hanoi's Intercontinental Hotel on Wednesday.

Business

Ivanka Trump set to join dad to pitch childcare policy

Trump would make the average cost of child care expenses in a given state fully deductible for couples earning up to $500,000 a year or individuals earning $250,000. He told the crowd the money put into these accounts can be spent on child care, but also on child-enrichment activities. Trump's plan would benefit both parents who work and stay at home.

Business

Rally in Arizona next week for presidential nominee Trump

Meyers also singled out Trump's claim that HIllary had been fighting ISIS for her "entire adult life". Matt Dallek, a professor at George Washington University's Graduate School of Political Management, said , "Anything I've seen with legitimacy shows that she [Clinton] won and won pretty handily.

Business

Schulz Tells U.K. to Get on With Brexit and Expect Trade-Offs

Asked about the claim that Brexit could happen within two years, Theresa May's spokesman said: "We would not speculate on that". "The two things have nothing to do with each other". But speaking in New York, Mr Johnson said Article 50 could be triggered within months, starting the formal process. He said the longer the United Kingdom delayed "the more entrenched the respective positions risk becoming".

Business

Team Europe stuns Sweden

Tavares and linemates, Ryan Getzlaf and Steven Stamkos, were punishing over the first two periods, but among those thwarted by Bobrovsky. Europe changed their approach after being shellacked by Team North America 9-1 through four periods in pre-tournament play.


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