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Oil Prices Dip On Persistent Fuel Supply Overhang

OPEC agreed in principle to cut oil production at a meeting in September, and the group's experts are working on a deal that would allocate production targets to individual members ahead of its next gathering on November 30. U.S. crude gained 1 cent to $44.99. Oil prices declined as the market shifted with the unexpected win of Mr. Trump who had proposed in his election campaign to restart oil production on the USA soil.

Business

Tata Sons asks Tata Motors to convene EGM for Mistry removal

Tata Sons , parent of Tata group companies, holds 26.51 per cent stake in Tata Motors. Mumbai: Tata Sons Ltd is set to move a resolution to eject Nusli Wadia from the board of Tata group companies, including Tata Steel Ltd, Tata Chemicals Ltd and Tata Motors Ltd, said a Tata group official, who declined to be identified, on Friday.

Business

What's the Future of the Affordable Care Act Post-Election?

For example, a full repeal of the health law would require 60 votes in the Senate to overcome a filibuster. "That seems highly unlikely", Pierce said. Thursday on Capitol Hill, when asked what his top priorities are he responded: "We have a lot to". Meanwhile, Republicans have only the broadest outlines of what could replace the law.

Business

Oil prices flip lower as IEA forecasts 'relentless growth' in supply

In an attempt to boost prices, the Organisation of the Petroleum Exporting Countries agreed in September to cut output, although investor doubts have grown that it will be able to implement the deal at its next meeting on November 30. Presidential elections ending in a victory for Republican Donald Trump , Oil futures are showing a new positive development after it touched $45 again following a series of declines.

Business

Will Donald Trump deliver on his campaign promises?

Foreign Minister Claudia Ruiz Massieu reiterated Pena Nieto's statement, notes Reuters . I will build a great, great wall on our southern border, and I will make Mexico pay for that wall. "This election reminded us of the bad image Mexico has in the USA", said Jesus Silva-Herzog, a columnist and professor at the Monterrey Institute of Technology and Higher Education in Mexico.

Business

Stock Value Diminishing Early Afternoon: Harmony Gold Mining Company Limited (NYSE:HMY)

Jefferies Group reaffirmed a buy rating on shares of Michael Kors Holdings in a research report on Sunday, September 4th. We should also note their 52-Week High and Low: the shares now trade -46.67% away from their high and 390.04% from the low.

Business

Bombardier Jumps as Slowing Cash Burn Shows Turnaround on Track

Higher operating cash flow and reduced investment following certification of the CS100 and CS300 models of the marquee aircraft are driving the improvements, the Montreal-based company said in a statement Thursday. Bombardier Inc . says it's applying lessons learned from its troubled CSeries program to its new Global 7000 business jet program. The company is about 80 percent through its February drive to cut 7,000 jobs, Bellemare said.

Business

Opec oil gushes ahead of talks to cut output

U.S. West Texas Intermediate (WTI) crude oil futures () were trading down 10 cents at $44.56 per barrel, weighed down by weakening U.S. demand. After a one-day reprieve due to a positive reaction to President-elect Donald Trump's unexpected win in Tuesday's election, oil prices fell on Thursday as investors returned their focus to oversupply concerns, and whether OPEC will be able to reach an agreement to curtail production later this month on November 30 in Vienna .

Business

Maine legalizes marijuana for recreational use

About 75 million people (23 percent of the entire US population) would live in states where recreational weed is legalized is the positive vote prevails across the country. This will reduce the number of people convicted for possession and is estimated to save over $100 million per year, according to the Department of Finance.

Business

Fort Trump: New security measures ring Trump Tower

The zone has a 2 nautical mile radius and bars flights below 3,000 feet, where Trump Tower is located, according to the FAA. Helicopters and planes can not enter the restricted area unless they are arriving at or departing from heliports in Manhattan or are law enforcement or emergency aircraft.

Business

Maxim Group Upgrades Keryx Biopharma to Buy

The analyst recommendations from a month ago are 2 Buy, 1 Overweight, 1 Sell, 7 Hold and 0 Underweight. Keryx Biopharmaceuticals Inc. has Analysts' Mean Recommendation of 2.67 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell).

Business

Donald Trump Victory Speech Helps Soothe Market Concerns

Kathleen Brooks, research director at City Index, said: 'Considering the win for Trump hasn't been America's Brexit, the Fed does not need to refrain from hiking interest rates to supress market volatility and protect from stock market declines'.

Business

No way Jose - Mexico refuses to pay for the wall

The "big, lovely powerful wall" that Donald Trump promised to build between the United States and Mexico may turn out to be a comparatively humble fence - if Capitol Hill Republicans get their way. "The overwhelming, universal reaction to the Trump visit itself, and even to a lot in the election campaign, has been 'What the. fff. you know?'" " Mexico is going to try to kick our asses and we're going to try to kick theirs".

Business

Trump offers no details of his 'busy day'

And virtually all of his friends and business partners thought he was making a huge mistake. Then on Wednesday morning Benioff tweeted: "Congratulations, President Trump". Having donated $1.25 million to Trump's campaign , however, Thiel is now ecstatic over President-elect Trump. Throughout the campaign, however, Trump sent a number of other signals to the technology industry.

Business

White House says Obamacare enrollment a priority

But the complicated law includes several parts, some of which are popular and may prove hard to reverse. "That takes what was in the (Affordable Care Act) and builds on it". "There are places where this is working well and you can look at solutions for places where it is not working well". However, many still ask, "What - if anything - will lawmakers do for the people who have insurance for the first time because of the Affordable Care Act?" That also drew in federal dollars; the state's ...

Business

US Markets Expected to Open Lower After Trump Win

As the reality of Donald Trump's victory over Hillary Clinton begins to set in, global consequences are already rolling out, and they're as scary as one might have predicted. Investors are uncertain of what a Trump presidency would be like and so any uncertainty in the financial markets causes a flight to safety. In the coming weeks, investors will be looking to see if he further tempers some of the rhetoric that polarized American opinion and often spooked investors in financial markets.

Business

Oil edges higher after shock Trump victory for USA presidency

It said it pumped 33.64 MMbbl/d last month, up 240,000 bbl/d from September. The estimate comes ahead of a crucial OPEC meeting in the Austrian capital city of Vienna on November 30, which is aimed at hammering out a deal to curb production.

Business

Deutsche heads to the sidelines on Bank of America

The firm has "Buy" rating by Jefferies given on Wednesday, October 7. US based company, Bank of America Corporation's (BAC)'s latest closing price distance was 30.62% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 16.54% and 12.88% compared with the 20 Day Moving Average.

Business

PTC Therapeutics, Inc. (NASDAQ:PTCT) Soars 95.83% in Friday's Pre-Market Trade

On 11/8/2016 PTC Therapeutics, Inc . Its preclinical and discovery programs are focused on the development of new treatments for multiple therapeutic areas, including neuromuscular disease, oncology and infectious disease. Prnewswire.com's news article titled: " PTC Therapeutics to Host Conference Call to Discuss Third Quarter Financial ..." with publication date: October 19, 2016 was also an interesting one.

Business

Warren Buffett On A Trump White House: America Will Persevere

The highest growth has been in its insurance business, $7,088 million, and the second in its finance business $5,561 million, as shown in the table below. "But his record has been better at licensing. than putting out his own capital, yes". The stock is now yielding 1.47%, and the payout ratio is only 18%.

Business

Goldman Sachs Group Inc. (GS) EVP Sold $905950.00 in Stock

With an institutional ownership near 4.4%, it carries an earnings per share ratio of -0.13. The transaction was disclosed in a document filed with the SEC, which is available through this link . Pacific Global Investment Management CO now owns 10,233 shares of the investment management company's stock worth $1,520,000 after buying an additional 29 shares during the period.

Business

In India Banks reopen to long queues after rupee withdrawal

Following Prime Minister Narendra Modi's announcement to withdraw the high denomination notes, the banks were ordered to remain closed on Wednesday to realign and reload new Rs 500 and Rs 2,000 currency. No new Rs 1,000 notes are being issued immediately. Those drawing Rs 10,000 from their bank accounts were also asked to produce identity proof. Scenes of chaos were reported from nearly everywhere, including Hyderabad, Mumbai , Kolkata, Chennai, Bengaluru and Chandigarh.

Business

Trump win opens way for China to take climate leadership role

Donald Trump's transition team reiterated his campaign promises to end the Clean Power Plan and ramp up the production of fossil fuels on its website , which launched Thursday. Donald Trump's victory in the U.S. presidential election means his administration is likely to focus on domestic oil projects, leading to a prolonged period of lower oil prices.

Business

India's shocking move to catch tax evaders

ATMs would remained closed for the next one-and-a-half days. The government has promised people of doing all the necessary adjustments for the regular replacement of currency notes at all bank branches. "A way needs to be figured out,"said Pankaj Agrawal, who heard of Modi's announcement through his mother in India ". Not everyone is on board. This will flush out all the black money in the country.

Business

Dow closes at record high

The upcoming Trump presidency, which will commence on January 20, will likely remain a key driver in markets for the rest of the year. Despite the sharp election recoil in global markets initially, USA investors opted to focus instead on Trump's key policy priorities, which include generous tax cuts and higher infrastructure and defense spending, along with deregulation for banks.

Business

Boardroom battle intensifies: Tata Group seeks EGM to oust Mistry, Wadia

The move to remove Wadia started after the outspoken industrialist participated in a show of support for Mistry, who was sacked as chairman of Tata Sons, the holding company of the $103-billion salt-to-software business empire. Cyrus Mistry, the ousted chairman of India's Tata Sons Ltd, denied on Friday (11 November) that he mishandled a harassment case at the company's hotel arm, an incident that media reports said was one of the factors leading to his removal.

Business

India court demands Delhi anti-smog plan in two days

But back home in the United Kingdom, people are also experiencing illegal levels of air pollution that is having a huge impact on our health. Measurements taken at the U.S. . The Tribunal underlined that the SC in a declaration made ten years ago had said that Article 21 which deals with Protection of Life and Personal Liberty must include clean environment as a fundamental right.

Business

Oil slips as focus moves from Trump to USA oversupply, OPEC

The group meets on November 30 and has pledged to reach a deal on cutting output to try to erode a two-year-old global surplus. However, discord among members over exemptions and individual production levels has raised doubt over OPEC's ability to deliver a meaningful reduction.

Business

United Kingdom construction sees worst quarter in four years after Brexit vote

British finance minister Philip Hammond is expected to announce an increase in public spending on infrastructure projects on November 23 when he is due to give the country's first budget statement since the Brexit vote. Looking at the components of new work compared with the previous quarter, total new housing saw no growth while infrastructure increased by 1.2%. Economists had forecast output to remain flat in September.

Business

JC Penney's quarterly comparable sales fall 0.8 percent

The company also reduced its sales forecast for the full year, instigating a wave of fears about the viability of its long-awaited and nascent turnaround. (JCP) on Friday reported a loss of $67 million in its fiscal third quarter. Excluding items, Penney lost 21 cents per share, in line with the average analysts' estimate.

Business

India Aims To Be World's Most Open Economy, Says PM Narendra Modi

According to a joint statement issued after the summit, the two Prime Ministers welcomed the agreement "which reflects a new level of mutual confidence and strategic partnership in the cause of clean energy, economic development and a peaceful and secure world".

Business

Late double strike gives England big lift - Farbrace

England fought back late in the day by dismissing the well-set Vijay, who hit 9 fours and 4 sixes in his marathon 485-minute innings, and night watchman Amit Mishra (0) in the space of four balls. It was also the breakthrough England desperately needed. His away hundreds had been scored in Johannesburg in South Africa and in Colombo against Sri Lanka.

Business

US Presidential Election : who will be America's 45th President?

While the city is overwhelmingly Democratic and certain to support Clinton overwhelmingly over Trump ― Obama won 85 percent of the vote in 2012 ― the suburbs that surround Philadelphia are among a handful of true battlegrounds during this contest for the White House.

Business

Markets Right Now: S&P backs U.S. rating after Trump win

Market experts said the conciliatory tone in Trump's victory speech had helped soothe investor worries over the economic impact of his policies. USA stocks held up remarkably well and jumped Wednesday as the major indexes pared steep losses after markets careened out of control in volatile trading overnight.

Business

Stocks Attracting Analyst Attention: Marathon Petroleum (NYSE:MPC), Alphabet (NASDAQ:GOOGL)

Another firm also rated the stock on 12-Sep-16 where Credit Suisse Downgrade the stock to Neutral. 09/30/2016 - Canaccord Genuity began new coverage on Marathon Oil Corporation giving the company a "hold" rating. This represents a $3.04 dividend on an annualized basis and a yield of 4.54%. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell.


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