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Saudi Arabia plans to skip OPEC's crucial meeting next week

Baghdad also claims that it lost valuable oil market share to other OPEC members when the country was placed under worldwide sanction during the presidency of Saddam Hussein. "If we keep production at the current level we are making our contribution, for us that essentially means a cut of 200,000-300,000 barrels per day (in 2017)", he told journalists.

Business

Schumer and McConnell Named as Senate Leaders

Harry Reid of Nevada, who is retiring at the end of his term in January. He also said that the Democratic Party needs to be the party that speaks to the people and works in the name of all Americans, adding that Democrats must regain the support of the country's working class, which on November 8 generally voted for Trump .

Business

Oil Prices Await Effect of OPEC Deal

Prior to the November 23 comments by Prime Minister Haider Al-Abadi, Iraq had sought an exemption from joining any production cuts, arguing that its fight against Islamic State justifies special treatment. He noted that in the meeting the proposal for cutting output by 1.1 million barrels a day has been presented. Russia, Azerbaijan and Mexico will be in attendance but non-OPEC member Oman, which has been to prior meetings, won't attend, according to a Bloomberg report.

Business

Cuba's Fidel Castro, who defied US for 50 years, dies at 90

He later released a statement in which he called Castro a "brutal dictator" who oppressed his own people for almost 60 years. "Today, we offer condolences to Fidel Castro's family, and our thoughts and prayers are with the Cuban people". "Over six decades, millions of Cubans were forced to flee their own country, and those accused of opposing the regime were routinely jailed and even killed".

Business

Iran optimistic on OPEC deal, to give view on curbs at meeting

Nov 26 Russian Federation is continuing consultations with OPEC aimed at stabilising oil markets and is positive about a global deal, Energy Minister Alexander Novak said on Saturday. The issue raised by Saudi Arabia underscores the lingering lack of cohesion among OPEC members. A meeting of OPEC experts this week made some progress in how to implement the cut, but Iran and Iraq raised conditions for participating, according to sources.

Business

Donald Trump disavows white supremacist group

Spencer rallied against Jews and quoted Nazi propaganda by stating in German "Lugenpresse", or the lying press. Referring to white nationalists, Hughes said on CNN Wednesday that Trump "does not want to give this group of awful, hateful people any more attention than.

Business

Black Friday Kick-Off to Holiday Shopping Season Hints at Shift Online

Both kinds of customers were at the Mall of America in Minnesota - which was closed on Thanksgiving this year - on Friday morning. People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. The marketing director for Cielo Vista Mall said there has been a shift in shopping trends. That excludes vehicle sales, gas and restaurant receipts.

Business

Keep an eye on Price Trends: Principal Financial Group Inc (NYSE:PFG)

The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.31 billion. Credit Suisse Group AG assumed coverage on Citizens Financial Group in a research note on Tuesday. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. 07/29/2016 - Principal Financial Group Inc was upgraded to "buy" by analysts at Stifel Nicolaus.

Business

OPEC Deal Could Save Oil Prices, says Algeria

The failed Monday meeting was supposed to include Russian Federation despite their already unofficial agreement to freeze production at current near-record levels while shining on the energy community by calling the freeze a "cut" because the freeze figure is lower than its planned 2017 production level.

Business

Saudi pulls out of planned talks with non-Opec nations

Schieldrop said prices could rebound if the November 30 meeting succeeded in reaching a targeted production cap of 32.5 million to 33.0 million barrels per day (bpd), from the 33.64 million bpd the group pumped in October. The deal is expected to be finalized in Vienna on November 30. OPEC members Venezuela and Algeria both desperately need higher oil prices to save their oil-dependent national economies.

Business

Markets Right Now: Stocks climb on strong earnings

Declining issues outnumbered advancing ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq , a 1.14-to-1 ratio favored advancers. Earlier it went as high as 19,014. Patterson cuts its profit forecast and its shares dropped $9.51, or 20 percent, to $38. Campbell Soup gained $1.77, or 3.2 percent, to $56.81 and Hormel rose 57 cents, or 1.6 percent, to $35.51.

Business

Green Party raises $3.5M for presidential vote recounts

According to the commission, the deadline for finishing the recounting of votes is December 13. The statewide recount in the presidential election would require a recount of almost twice as many ballots - about 3 million - and the process would become even more cumbersome if Stein is successful in requiring a recount by hand, as she has said she prefers.

Business

Cold morning in Flagstaff doesn't stop Black Friday shoppers

In the past she would wake up early in the morning to start shopping. The 43-year-old neuropsychologist says she prefers buying gifts from online catalogues and boutique retailers rather than larger corporations, which she says value her less as a customer.

Business

Kirk Cousins: 'How you like me now' shout wasn't message for GM

The players were ready to think about what's ahead, too. "He was lights-out", Redskins receiver DeSean Jackson said. The difference in Thursday's contest could come in the running game. And once-forgotten tight end Vernon Davis has totaled 26 grabs for 382 yards and a pair of scores. In fairness, Green Bay's defense is all kinds of banged up, as is their corps of running backs, and the list of injuries lengthened in Washington to include linebacker Blake Martinez (knee), safety ...

Business

Gorbachev about Castro: Fidel took Soviet perestroika very close to heart

Castro's death was announced via state television by his brother and successor, current Cuban President Raúl Castro. I'm deeply sad to learn of Former Cuban President Fidel Castro's demise. Some two million Cubans live in the United States, almost 70 percent of them in Florida. Jacob Zuma - "President Castro identified with our struggle against apartheid.

Business

Abe meets with Trump in NYC

Neither side revealed any details of the discussion during the 90-minute meeting, although speculation was rife about the topics that would be talked about. Usually that meeting would have been with the Prime Minister of England, so Trump has already thumbed his nose at convention and offended the British, but to have his daughter - who has zero foreign policy experience or expertise, and zero security clearance, is wholly unacceptable.

Business

Earl Thomas ruled out for Seahawks

But maybe somewhat ominously, coach Pete Carroll talked after the game of the punishment Rawls had taken, saying at one point Monday that Rawls had been "thrashed". "They played a little better than we did that day". It's a great example. The Buccaneers won at Arrowhead Stadium - where the Chiefs had won 10 straight - by limiting their mistakes and getting well-timed turnovers.

Business

Wells Fargo tries to kill fake account suit

Wells Fargo & Co.is trying to keep dozens of customers suing over bogus accounts opened by its employees out of court, saying they agreed to resolve any disputes in arbitration when they began doing business with the bank. This lawsuit, filed November 22 in a Minnesota federal court, accuses Wells Fargo of intentionally boosting the 401 (k) assets invested in the company's own target date funds by defaulting participant contributions into those funds through a "quick" and "easy" enrollment ...

Business

Ayushmann, Siddharth, others condole Cuban revolutionary Fidel Castro's demise

They stood outside the popular Versailles restaurant in Little Havana neighborhood with signs reading, "Satan, Fidel is now yours". President Obama loosened a series of regulations at the time allowing more U.S. Here are some early reactions to the passing of the 90-year-old Cold War icon, whose life was defined by his resistance to the capitalist United States.

Business

Dow closes at another record high

The S&P 500 consumer staples index's 0.8 percent gain boosted shares on Black Friday, which traditionally kicks off the crucial USA holiday shopping season. MAKING BANK: Higher bond yields are linked to higher interest rates, so the rising yields helped bank stocks turn higher. Capital One rose 2.03 dollars, or 2.5%, to 84.62 dollars and Sterling Bancorp jumped 45 cents, or 2%, to 23.50 dollars.

Business

Green Party's Jill Stein raising $7M for vote recount

Stein announced the filing of the formal request with the Wisconsin Election Commission on Twitter and said the recount of votes will begin next week. "There is no smoking gun". By waiting until the last moment to file for the recount , Stein could create chaos in Wisconsin - and possibly rob the state of its 10 electoral votes.

Business

Dow, S&P 500 hit record highs as Nasdaq slips

Eli Lilly (LLY.N) fell 10.5 percent to $68 after the company said it would stop developing its Alzheimer's drug following a trial failure. The S&P 500 inched lower on Wednesday afternoon, hurt by declines in Eli Lilly and other healthcare shares, while the Dow edged higher along with industrial stocks in light trading ahead of a USA holiday.

Business

River waters to be stopped from going waste in Pakistan: Narendra Modi

The water of these rivers is the right of India and our farmers. According to the source report's, Where the Prime Minister announced, elections do not mean and I am more alert about the benefit of the farmers. Foreign Office Spokesman Nafees Zakaria said any violation of the IWT by India would be unacceptable. "Modi can say whatever he wants for domestic consumption but he cannot touch the treaty", he said.

Business

Obama administration suspends vote effort for TPP deal

The Obama administration on Friday gave up all hope of enacting its sweeping Pacific trade agreement, a pact created to preserve US economic influence in fast-growing Asia that was buried by a wave of antitrade political sentiment that culminated with Tuesday's presidential election.

Business

World reacts to Fidel Castro's death with 'hope' and 'disappointment'

In 1996, he visited Pope John Paul II in the Vatican and hosted Pope John Paul II in Havana; John Paul in 1998, he asked Castro to open Cuba to the world. An elderly woman marveled at how long the former ruler lived. Fidel Castro remains one of the revolutionary figures of the 20th century. Of course, with this all coming right before Castro's death was announced, it was still fresh in the mind of many, including Mike Huckabee .

Business

Be prepared, bring patience to airports during Thanksgiving

More than 1 million passengers are expected to travel through South Florida's airports for Thanksgiving. "The Redmond Airport has seen record numbers every month this year, so we're expecting that to continue through the holiday time with lots of people coming and going", said Nicole Jurgensen, airport security coordinator, said Wednesday.

Business

United Kingdom rejects Trump's request for Farage as USA envoy

Ms May's officials have consistently dismissed the idea of Mr Farage's involvement, arguing that the Prime Minister and future president would have a Reagan/Thatcher-style connection in which there is no "third person". Other British politicians did not hold back with comments about Trump's suggestion. "If you get a peerage and ambassador to France for abject failure surely Nigel deserves more".

Business

Wall Street Extends Record Streak, Dow Breaks 19000 for 1st Time

On Wednesday, the Dow and S&P 500 closed at their highest levels ever. The last time the Dow , S&P 500 , Nasdaq , and small-cap Russell 2000 indexes finished at new highs on the same day was at the height of the dotcom bubble on December 31, 1999.

Business

Hillary Clinton leads Donald Trump by 2m Popular Votes

While this isn't the first time a president has lost the popular vote but won the Electoral College , the scale of the result is larger than in the past. That's especially so because they would be deferring to the popular vote in other states that didn't even vote for them as electors. There are still a few million ballots left to count , and they're expected to be disproportionately for Clinton.

Business

Rupee falls to 9-month low of 68.14 on Fed hike fears

USA stocks were poised for a steady opening, with Dow futures and the broader S&P 500 futures up 0.1 percent. European stock markets mostly declined on Friday and the euro struck a near 12-month low against the dollar on sky-high expectations of a United States interest rate hike in December.

Business

VW axing 30000 jobs mainly in Germany

Volkwagen's emissions cheating scandal in the United States has cost the company billions of dollars in fines around the world. In response, Volkswagen has agreed to pay $15 billion to USA authorities and owners of some 500,000 vehicles with software that turned off emissions controls.

Business

Business brisk, but Black Friday is spreading all over the calendar

Then, at 6 p.m. the retailer kicked off the companys Black Friday event in stores across the country. Crowds were thin at United States malls and stores on Black Friday morning, formerly the traditional start of the holiday shopping season, and online channels were expected to show the strongest gains in sales over a year ago.

Business

Lufthansa to cancel 876 of 3000 scheduled flights due to pilots' strike

The airline said Tuesday that "due to tomorrow's strike, 876 of 3,000 LH Group flights had to be cancelled". Planes stand on the tarmac during a pilots strike of German airline Lufthansa at Frankfurt airport, Germany, on Wednesday. The airline urged passengers planning to travel Wednesday to check its website for information about cancelled flights. A Lufthansa spokesman said "We want the union to return to the negotiating table".

Business

Dollar Tree's Stock Surges on Its 3Q16 Earnings Beat

Ladenburg Thalmann Financial Services Inc. boosted its position in Dollar Tree by 3.5% in the first quarter. GameStop Corp. (NYSE:GME) reported Q3 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. For the current quarter the company has high EPS estimates of $0.86 in contradiction of low EPS estimates of $0.69. The heightened volatility saw the trading volume jump to 36,46,787 shares.

Business

Imran urges United Nations to halt India's continues ceasefire violations along LoC

He said, "The Indian forces also fired upon the ambulances that had come to rescue the injured people from the site of the attack". The adviser once again called upon the permanent members of UN Security Council to play their crucial role in maintaining global peace and security and urge India to immediately put an end to escalation and bloodshed at the LoC.


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