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OPEC pushes for consensus on oil cut, gaps narrowing

Futures popped higher after Saudi Energy Minister Khalid al-Falih said he was optimistic that OPEC will make good on a preliminary production-cut deal reached in Algeria in September. But Iraq, like Iran, is claiming exemption on the grounds that it fights ISIS, and like Iran, it disagrees with OPEC data being used as reference to start freezing/cutting.

Business

Mandatory to quote PAN for Rs.2.5 lakh deposits: CBDT

The Reserve Bank of India (RBI) has made it hard for people to circumvent rules and make multiple cash deposits in their bank accounts without quoting their PAN. In cases of unexplained high cash deposits, the tax department will slap a hefty 200 per cent penalty even before the person files this year's annual income tax returns so as to prevent them from converting black money into white.

Business

Asian markets mixed as US rally fades, dollar retreats

But in the wake of the election, investors think the US economy might grow a bit faster and inflation might pick up. The ICE Dollar Index, which measures the USA currency against a basket of six others, rose to 100.57 earlier in the session, its highest level since April 2003.

Business

Obama's Final Foreign Trip

As long as people retained their faith in democracy, "our future will be OK", President Obama said . "People have to know that they're being heard", Obama said in a speech to the Greek people in Athens . Obama is delivering what is likely his last major address overseas as president. The US-led North Atlantic Treaty Organisation grouping is " absolutely vital " to US interests and a strong, unified Europe was good for America and the world, Obama said in comments aimed at reassuring ...

Business

Norman 'optimistic' about Trump presidency

Obama was expected to visit the Acropolis ahead of his much-anticipated speech before heading to Germany to visit Chancellor Angela Merkel, whom he has described as "probably.my closest global partner these last eight years". The entire site was closed to the public for the day for Obama's visit, which has taken place amid stringent security measures. Reuters published that Obama said Trump is a pragmatic man and governing the country requires a strong grasp of reality.

Business

Dakota Access Pipeline Temporarily Halted — NoDAPL

The future of the Dakota Access pipeline is uncertain after the Army Corps chose to temporarily revoke its approval following a two-month-long review, according to an agency statement released on Monday. More than 50 people gathered in downtown Erie to protest the pipeline's construction on Tuesday. "A number of people made a decision to take part in civil disobedience and sit down on the street and were duly arrested ", one protester said.

Business

Dakota Access Pipeline protests happening in So. Fla, across the nation

But the Standing Rock Sioux Tribe sued the Army Corps, saying the project "threatens the Tribe's environmental and economic well-being and would damage and destroy sites of great historic, religious and cultural significance to the Tribe". Proponents argue the pipeline is the safest and most efficient way to transport oil. The Dallas protest was one of several coordinated demonstrations that were held across the country.

Business

Price Target Review on General Motors Company (NYSE:GM)

On Tuesday, August 9 the stock rating was initiated by Seaport Global with "Buy". Sell-side research firms may use different terminology when evaluating whether a stock should be pegged as a Buy, Sell, or Hold. The company's EPS a year ago was $1.39 for the period ended 2015-12-31. During the same period past year, the company posted $1.50 earnings per share.

Business

Messi leads Argentina boycott of press

But Messi led all 23 players into the news conference, where he spoke about their decision to ignore the press. "We've received many accusations, a lot of lack of respect and we never said anything". With 6 games left, Brazil should be safe with something to spare. The top four go straight into the finals in Russian Federation in 2018 while the fifth qualifies for an intercontinental playoff.

Business

"22500 ATMs to be recalibrated today": Jaitley

Union Finance Minister Arun Jaitley on Thursday announced that the government has put on hold the plan to reintroduce Rs 1,000 notes. The country's largest lender exchanged Rs 5,776 crore of old Rs 500 and Rs 1,000 notes since November 10.

Business

'Rogue One: A Star Wars Story' release date, news and updates

From Lucasfilm comes the first of the Star Wars standalone films, " Rogue One: A Star Wars Story ", an all-new epic adventure. Perhaps of greatest value to the Star Wars fanatic is the option package's included full-size Death Trooper helmet, although we're not sure you could wear it while driving the Rogue.

Business

China reaffirms USA ties as Xi talks with President-elect Trump

It said that such a move by a " shrewd businessman ", to change tariffs will be replied with a tit-for-tat approach. Trump can not change the pattern of interests between China and the U.S. PRESIDENT Xi Jinping told US President-elect Donald Trump that cooperation was the only choice for relations between the world's two largest economies, with Trump saying the two had established a "clear sense of mutual respect".

Business

Yellen: The 'case for an increase' in rates has strengthened

But she noted that wages were rising, growth had accelerated over the second half of the year, and the world economy was on a firmer footing than it had been in recent months when uncertainty about China and Europe had caused the Fed to postpone its rate increase plans.

Business

Trump to Make 'Strategic Mistake' If Cancels Iran Nuclear Deal - Military Aide

Without mentioning Mr Trump by name, Mr Rouhani said that "the world is not under the will of a single individual and party". The U.S. House of Representatives on November 15 voted by an overwhelming majority of 419-1 to renew the Iran Sanctions Act (ISA), which was first adopted in 1996 to punish investments in Iran's energy sector and deter Iran's pursuit of nuclear weapons.

Business

What are Analysts report about: General Electric Company (NYSE:GE)

According to FactSet data, GE stock has received different ratings from Financial Analysts. While looking at the Stock's Performance, General Electric Company now shows a Weekly Performance of 4.52%, where Monthly Performance is 6.59%, Quarterly performance is -0.96%, 6 Months performance is 5.45% and yearly performance percentage is 4.45%.

Business

Interest rate hike likely, Yellen says

At 12 pm, the ringgit was trading at 4.3850/3920 versus the greenback, compared with 4.3570/3670 at 9.06 am today. USA stock futures point to a slightly higher open, as investors were looking ahead to testimony from Federal Reserve Chairwoman Janet Yellen before the Congressional Joint Economic Committee later.

Business

What Americans will be buying on Black Friday

Walmart's upcoming Black Friday look fascinating and the fact that they're offering early discounts on so many products makes the company's success even better. Of course, it's no longer really " Black Friday " these days, as Toys R Us is joining the herd in opening at 5 p.m. on Thanksgiving. They ranged from Bass Pro Shops to Boscov's to WalMart to Walgreens.

Business

NZ quake town evacuation nearly complete

An Australian naval frigate has been re-routed to waters off New Zealand's earthquake-rocked South Island, where defence personnel will help airlift stranded families to safety and distribute supplies. "It is a matter of pride for us all that CANTERBURY has been able to assist the communities affected by the quake, since she was also at the forefront of disaster relief efforts when a massive quake struck Christchurch in 2011".

Business

Rule would boost solar and wind energy on public lands

Trump has appointed utility and fossil fuel lobbyist Mike McKenna to handle the transition team at the U.S. Department of Energy (DOE), where insiders who pv magazine spoke with report concern for the future of the SunShot Initiative. "If anything, a less ambitious stance on renewables at the federal level could encourage corporations to pick up the slack even further". The 100MW project is the first in India to get funded through the financing agreement, which will see the U.S.

Business

Sse Plc's (SSE) "Overweight" Rating Reaffirm at Barclays PLC

Devro plc now has a consensus rating of "Hold" and a consensus target price of GBX 273.43 ($3.42). JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 400 ($5.00) target price on shares of Virgin Money Holdings (UK) PLC in a report on Wednesday, November 2nd.

Business

Israeli ministers defy Netanyahu over settlement evacuation

The Obama administration is "deeply concerned" at the government's approval of a draft law to whitewash illegal outposts in the West Bank, the State Department said on Monday night. "We believe [settlements] are corrosive to the cause of peace". Netanyahu opposed advancement of the bill now, presumably to avoid global censure.

Business

US settlement is blocking RBS share sale - UKFI chairman

Royal Mail PLC now has a consensus rating of "Hold" and an average target price of GBX 470.17 ($5.87). A number of equities research analysts have recently weighed in on RBS shares. Finally, Shore Capital restated an "under review" rating on shares of RBS in a research note on Friday, August 5th. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National ...

Business

Trump may repeal Obamacare first thing on Inauguration Day

Additionally, Trump said he favors allowing children to be covered under their parents' insurance policies up to 26 years old. "I told him I will look at his suggestions, and out of respect, I will do that", the real estate mogul told the Journal .

Business

VW's Facelifted 2017 e-Golf Debuts With 50% Better Range

The 2016 e-Golf was only offered in 11 locations - California, Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island, Vermont, and Washington D.C. The 2017 Volkswagen e-Golf will be the first model to receive the Golf range updates in the US when it goes on sale in the second quarter of 2017. An optional DC Fast Charging setup can add 80 per cent to the battery within an hour when connected to a DC fast charging station.

Business

Protests held in LA, nationwide against Dakota Access Pipeline

The right to clean water, " Said Beth Muggli. The Santa Clara County Board of Supervisors today passed a resolution that supports a moratorium on building the Dakota Access Pipeline. Protesters stormed downtown Austin Tuesday night, but not against President-elect Donald Trump . Energy Transfer Partners , the company behind the four-state, almost $4 billion pipeline has been waiting for the Army Corps to grant easements allowing it to drill down and then beneath Lake Oahe, adjacent to ...

Business

Lexus Sriracha IS - very hot and spicy compact exec

The settings for the seat warmers and AC/heating system have been upgraded to go from cool to Sriracha hot. What do you think of the Lexus Sriracha IS? To celebrate the launch of the 2017 Lexus IS sports sedan, Lexus created a bolder, spicier customized version of the original: the Lexus Sriracha IS.

Business

Trump Efforts to Repeal ACA Would be a Credit Negative for Hospitals

For payers that did well on the exchanges, the firm suggests they scale back their operations in that segment. As a result of plans offered by the Marketplace, and Medicaid expansion, both made possible by the ACA, only 8.7 percent of New Jerseyans were uninsured in 2015, down from 13.2 percent in 2010.

Business

Corruption with 2000 Notes Begins

For instance, five Rs 2,000 starting with the number 786, were being offered by a seller on the online marketplace for Rs 1.51 lakh. One middleman, Rudreshwar, was caught receiving 124 notes of Rs 2,000 denomination on behalf of a superintendent engineer of KPT, Mr Srinivanshu.

Business

Yellen: Fed on track for December rate hike

After a week-long rally driven by the post-election surge in United States bond yields, some of the major banks have been sounding more cautious on the dollar's immediate prospects. The greenback was 0.12% and 0.16% higher against the euro and the yen, trading at 0.9336 euro cents and ¥109.38 respectively, while it also gained against the Swiss franc to CHF1.0033.

Business

Cowen Indicates Potential 7.48% Increase In Shares Of United Continental Holdings Inc

Standpoint Research cut shares of United Continental Holdings Inc . The 15 stock analysts who cover the stock have an average PT at $63.3, with individual targets in the range of $54 to $86.5. P/E (price to earnings) ratio is 8.12 and Forward P/E ratio of 10.96. Hedge funds and other institutional investors own 94.94% of the company's stock.

Business

Housing starts see greatest leap in almost a decade

Permits for new single-family homes rose 2.7% month over month in October, to an adjusted annual rate of 762,000, from an upwardly revised total of 742,000 in September. The housing market is being driven by a tightening labor market, which is starting to drive up wages. Single-family starts rose more than 21% year over year in October.

Business

China On Donald Trump's Claim It Invented Global Warming: Nah

He added: "We should aim to ensure achievement of the long-term global goal of stabilising the global temperature increase to below 1.5 degrees Celsius above the pre-industrial levels". It also says holding average temperature rise to the lower limit would allow the world to save at least 10 per cent of coral reefs, compared with 2 degrees, which would see virtually all of them disappear.

Business

Former Valeant executive, former Philidor CEO face charges in alleged fraud scheme

The company didn't immediately respond to a request for comment. A criminal complaint unsealed in NY on Thursday said Tanner, Davenport, and others conspired to defraud Valeant of its rights to Tanner's "honest services" by having Philidor pay Tanner, who was the vice president of Valeant's "Access Solutions Team", about $10 million "in kickbacks".

Business

Price Target & Session Watch on Monmouth Real Estate Investment Corporation (NYSE:MNR)

This is the consensus price target based on the analysts polled by Thomson Reuters' First Call as of today's date. (NYSE:MNR) news were published by: Prnewswire.com which released: "Monmouth Real Estate Investment Corporation Launches New Corporate Website" on November 01, 2016, also Prnewswire.com with their article: "Monmouth Real Estate Investment Corporation Announces New Acquisition In The." published on October 17, 2016, Prnewswire.com published: "Monmouth Real Estate Investment ...

Business

Woman accidentally texts Thanksgiving invite to stranger

For one person, however, that wrong text led to a Thanksgiving dinner invitation, from a woman who claimed to be his grandmother, even when the woman understands the person she texted was not her grandson. "My dad is Navy, so we would invite vets over that we didn't know either for Thanksgiving", said Dench. "This has come out of nowhere for us, and it's amusing to my family", Burgoyne said.


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