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Saudi Arabia crude output at record level on high summer demand

After more than a year without setting fresh records, the US benchmark S&P 500 stock index consistently has been reaching new peaks after breaking to an all-time high a month ago. United States crude oil inventories unexpectedly rose for the third consecutive week, markedly exceeding expectations, according to last week's official data released on Wednesday.

Business

International Olympic Committee clears 271 Russian athletes

The news means 118 competitors of the 389-strong Russian team have been banned from competing in Rio. The four-times world champion was handed a lifeline on Thursday when the Court of Arbitration for Sport (CAS) upheld her appeal against her ban from the Games, whose preparations have been overshadowed by revelations of widespread state-sponsored doping in Russian Federation.

Business

Exam Results Day: Need Help?

The pass rate for National 4 was 93.2 per cent - down 93.3 per cent a year ago, while National 5 passes also fell slightly from 79.8 per cent to 79.4 per cent. These Higher results show a rise of 1.7%, 2.9% and 1% respectively on previous year. Admissions body Ucas revealed the entry rate for Scottish 18-year-olds from the poorest backgrounds had increased slightly from 8.2 per cent to 8.8 per cent.

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Borders swimmer helps GB to silver medal

Stephen Milne started off the race before Duncan Scott, who is coached by Dundee's Elaine Johnston, and Dan Wallace pulled the team into medal contention. "We're delighted with silver". "I knew I had to step it up and get back to my best". "I was lucky to be on the team", said the 23-year-old from Edinburgh.

Business

Oil prices fall on US crude inventory build, record Saudi output

World oil demand next year will increase by about 1.15 million barrels a day, down from 2016's 1.22 million barrels a day, OPEC said in a report on Wednesday. The last time OPEC met in April it could not come to an agreement about the production freeze and its members have been pumping crude at record high levels.

Business

Oil prices fall on US crude inventory build, record Saudi output

Meanwhile, domestic production was down marginally at 8.4 million barrels per day, representing a 5.7 per cent year-on-year decline. The supply side may also pressure middle distillates as stockpiles remain high across the world, especially in the OECD, where inventories are now around 80 million barrels higher than the latest five-year average, OPEC commented.

Business

Asian shares hit 1-year high, dollar slips on weaker U.S

Europe's main bourses were struggling with modest 0.3-0.4 percent losses due to weak company results, although the MSCI's 46-country All World index remained positive after overnight Asian gains. That was the first time it failed to find enough sellers since it started its quantitative easing programme in 2009. Elsewhere, the Bank of England failed to buy as many government bonds as it wanted for its quantitative-easing program on Tuesday, just two days after the central bank rebooted a ...

Business

Clinton focuses on Zika in battleground state of Florida

Nurse Barbara Russell, who is director of infection control services at Baptist Hospital in Miami and member of Baptist Health's System Emergency Preparedness Council, said it remains to be seen if mosquito-transmission of Zika will pop up in more and more Florida communities or will be contained.

Business

It's golf's time to deliver a good show at the Olympics

And hopefully that's not what we are going to focus on with the Olympic Games, either: who didn't go. Another US golfer , Patrick Reed, told insidethegames that different kinds of sand had been used in different bunkers, giving players "an extra thing to figure out" when they get into trouble.

Business

Last-gasp Carvajal earns Super Cup glory for Real

Former Sevilla defender Ramos, who also scored a stoppage-time equaliser in the 2014 Champions League final against Atletico Madrid before his side went on to win 4-1 in extra-time, said on his club's website: "It's incredible". "You have to congratulate Sevilla on their great performance", said Zidane, who became just the fifth coach to win the Super Cup having also hoisted the trophy aloft as a player.

Business

Rio Olympics 2016: USA Basketball cruises past Venezuela

What started off as a give-and-take match ended in a blowout when the usa men's basketball team, a 51-point favorite, routed Venezuela 113-69 in group play in Monday. The NBA Australian big man duo of Andrew Bogut and Aron Baynes combined for 19 points and 19 rebounds. "Really what changed this game was the steal by Melo", Team USA's Paul George said after finishing with a team-high 20 points.

Business

Former Republican congressman explains why he's for Clinton

For his part, Sam Clovis, a senior Trump adviser, brushed off those interpreting Trump's comment as a call for Clinton's assassination by insisting that Trump just isn't a great public speaker. She argued he was referencing the ability of the National Rifle Association to convince senators not to support any Supreme Court nominee appointed by Clinton.

Business

UK's Richest Landlord Duke of Westminster Dies

Photo of Hugh Grosvenor leaving the christening of his godson, Prince George. The peer nonetheless took seriously his responsibilities to oversee the vast family estate, which includes an art collection, large chunks of Mayfair and Belgravia as well as property overseas and elsewhere in the United Kingdom, including the family seat of Eaton Hall in Cheshire.

Business

Clinton says Trump's words could have 'tremendous consequences'

In Florida, which the Fox News scorecard rates as a "toss-up", Trump now trails Clinton just 46-45 percent in Quinnipiac polling, after being behind by almost 7 points as recently as May. Lauderdale, Fla., on Wednesday evening. To be clear, the idea that Republicans can save their congressional majorities, even as Trump goes down to a terrible defeat, really does depend on a degree of ticket-splitting that has become less and less common in the 21st century.

Business

Despite Mixed OPEC Outlook, Saudi Arabia Oil Output Hits Record High

Oil prices extended losses on Wednesday after industry data showed a rise in U.S. crude stockpiles, supporting oversupply concerns. A global products glut that has led storage tanks from Houston to Singapore to reach near capacity is also weighing on oil prices, as analysts warn that only large- scale refinery run cuts can clear the excess.

Business

Valeant Pharmaceuticals (VRX) Stock Surges, Receives Unsolicited Bid for Core Assets

The company has a market cap of $9.67 billion. Valeant's TSX-listed shares jumped 10 per cent in early trading Tuesday to $32.53. The Quebec-based drugmaker (TSX:VRX) was the most valuable company in Canada by market capitalization a year ago, but has since seen almost 90 per cent of its value evaporate and changed CEOs as it struggles to rebuild public and investor trust.

Business

Oil Prices Slide On Inventory Data

Oil prices fell around 2 percent on Wednesday after the second-biggest weekly draw in US gasoline this summer was countered by an unseasonal build in crude stockpiles. crude stockpiles. Brent crude futures rose 36 cents, or almost 1% to US$45.34. Oil fell yesterday, hit by improved prospects for United States output and a glut in refined products, while analysts largely expected no impact on supplies from talk of a potential producer meeting to discuss propping up prices.

Business

Man Climbs Trump Tower In Midtown Manhattan, The Twitterverse Reacts

Trump also lives there, though he was in Virginia in the afternoon and was headed to Florida for an evening event. The climber wanted a face-to-face meeting with Trump, as explained in an anonymous YouTube video, Morris said. The Republican nominee unleashed a firestorm on Tuesday when he suggested that "Second Amendment people" - those who support gun rights - could take action to stop Hillary Clinton from appointing US Supreme Court justices as president.

Business

USA stocks down with the Nasdaq leading the way

Six of the 10 major S&P 500 indexes were lower, led by a 0.65 per cent decrease in the energy index. United States stocks inched higher on Tuesday as weak productivity data capped the gains for market indexes. "We expect a steady to higher opening as oil prices come back into the spotlight, said Peter Cardillo, chief market economist at First Standard Financial in NY".

Business

Valeant's quarterly revenue falls 11 percent

Valeant's stock came under siege past year when questions about the company's business and accounting practices spooked investors. Since then, Valeant has battled a slate of concerns including scrutiny of its drug-price hikes, accounting problems, a brush with a potential debt default, and investigations by Congress and federal regulators.

Business

Stocks mostly flat in early trading

Stock markets have traded in a narrow range for the last month, something that is likely to continue with few major economic data releases expected in the coming days , said Brad McMillan, chief investment officer at Commonwealth Financial Network.

Business

Brent crude and WTI: Oil tumbles after United States oil stocks unexpectedly rise

OPEC raised its demand growth outlook in its monthly oil report Wednesday and the Energy Department announced a rise in US crude stockpiles. In 2017, world oil demand is projected to grow at the same level projected last month, increasing by 1.15 mb/d from 2016 levels, and with total oil consumption hitting a new record of 95.41 mb/d.

Business

Jose Mourinho gives his thoughts on Paul Pogba's Manchester United transfer

A new apartment at One Hyde Park in London will set you back £75m, so for one Paul Pogba you could live in one of London's most exclusive addresses - with 9,000 square feet to play with - and still have enough change to shore up your midfield with Wales global Joe Allen.

Business

Olympic media bus attacked in Rio

There were no injures. After a round of Police investigation it was reported that stones were thrown targetting the bus which broke the windows. When pushed on Rio 2016's overall security plan, the organising committee's main spokesman Mario Andrada said: "Yes, we are convinced we can guarantee the safety of journalists, athletes and every guest here - that's our primary responsibility and we can guarantee it".

Business

Chesapeake Energy to sell North Texas Barnett Shale assets

Private equity firm First Reserve will acquire and operate the interests. The three-way Chesapeake arrangement is unusual, but the company has been strained in recent years by so-called minimum volume commitments on pipelines, which require it to move a high volume of fuel or pay a penalty.

Business

RBI nominates Michael Patra to Monetary Policy Committee

Banks, however, ruled out any immediate lowering of rates for retail borrowers and industry, which has been pitching hard for steps to make the capital cheaper to push growth . But he expected "upside" risks to his March inflation target, citing a hike this year in the salaries of millions of government employees and sticky core inflation .

Business

Delta struggles to resume normal operations as more flights canceled

A check of online departure information at Mitchell International in Milwaukee shows flights to Detroit and Atlanta are delayed. The airline said it suffered a power outage at an Atlanta installation around 2:30 a.m. "I apologize for the challenges this has created for you with your travel experience", Bastian said "The Delta team is working very, very hard to restore and get these systems back as quickly as possible".

Business

Ralph Lauren turnaround effort impacts Q1

To address this issue, CEO Stefan Larsson, who took over the reins of the company from founder Ralph Lauren previous year, unveiled a restructuring plan which involved more than 1,000 job cuts, shut stores and eliminate some layers of the management.

Business

Shares rise, pound drops on United Kingdom stimulus measures

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to slash interest rates to an all-time low; they also hinted that it might cut rates "close to but a little above zero" and could unleash more Quantitative Easing if needed.

Business

Disney is Launching a $1 Billion Streaming Service

For the last several weeks, news reports have indicated that such as move was likely, as MLB looked to separate BamTech from MLB Advanced Media (MLBAM). The Walt Disney Company incorporated on July 28 1995 together with its subsidiaries and affiliates is a diversified worldwide family entertainment and media enterprise with five business segments: media networks parks and resorts studio entertainment consumer products and interactive media.

Business

Sixteen year hunger strike ends with a taste of honey

Under police detention since indefinite hunger strike is viewed as an attempt to commit suicide, which is a punishable offence, Sharmila has spent nearly all of the last 16 years at the Jawaharlal Nehru Institute of Medical Sciences Hospital here.

Business

CIBC Downgrades Whistler Blackcomb Holdings Inc (WB) to Sector Perform

In the wake of Monday's announcement of one of the biggest ski-industry deals of all time- Vail Resorts Inc.'s $1.06 billion plan to buy Canada's sprawling Whistler Blackcomb ski area - here are 10 key takeaways on the blockbuster move.

Business

Oil falls again on high United States stocks, Saudi production

The last time OPEC met in April it could not come to an agreement about the production freeze and its members have been pumping crude at record high levels. And as if to drive home this point, OPEC stated in its monthly report that the weak demand for global oil may persist, considering the fact that prices have crashed through the roof in a three-month low.

Business

Cancellation of Hall of Fame game a result of 'incompetence'

The Hall of Fame Game is a much bigger black eye for the league, however, with the season expected to kick off in a swarm of fanfare on national television. This is the first time a preseason game was canceled because of field conditions since Baltimore's scheduled contest at Philadelphia was called off in 2001.

Business

Donald Trump suggests assassinating Hillary Clinton if she becomes President

Trump's comment about "the Second Amendment People" has drawn widespread criticism. Mrs Clinton's campaign said they understood Mr Trump's comment as one which would encourage violence against their candidate. But Trump's senior communications adviser told CBS his client "was obviously talking about American voters who are passionate about their Second Amendment rights and advocating they use that power at the ballot box".


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