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Trump cancels press conference on business interests

Unsubstantiated accusations fueled by a recent Central Intelligence Agency report secreted by back channel to the Washington Post have led to an increase in scrutiny over Trump's decisions, such as reportedly picking Exxon CEO Rex Tillerson for Secretary of State.

Business

IOC extends Russian doping sanctions 'until further notice'

The much-anticipated report is expected to provide more details on an elaborate doping scheme operated by Russian Federation at the 2014 Sochi Olympics which McLaren outlined in his original report released in July. Rio, the first Olympic host city on the continent, had to grapple with a protracted political crisis, the worst recession in more than 80 years and a string of organisational problems due to a lack of cash.

Business

Question marks hang over deal to end oil glut

Your current subscription does not provide access to this content. Russian Federation and 10 other states on Saturday said they will reduce their production by more than half a million barrels per day (bpd), the Organization of the Petroleum Exporting Countries announced.

Business

Exxon Mobil Corp. (XOM) Climbed To Over A 4-Month High

The Stock now has a Weekly Volatility of 1.25% and Monthly Volatility of 1.29%. 5 recommends the stock is "outperforming". Logan Capital Management Inc. Several equities analysts have issued reports on XOM shares. In the past 52 weeks, the share price moved between $61.86 and $82.10. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.00 on scale of 1-5.

Business

Brexit hearing closes at UK Supreme Court

Government barrister James Eadie repeated in the closing stages on Thursday that the parliament had wanted ministers to have a "prerogative" power to serve notice under Article 50 of the Lisbon Treaty that the Britain was leaving the EU. Both the government and the opposition say the motion is non-binding and does not affect a case at the Supreme Court over whether the government has the authority to start negotiations without legislation in Parliament.

Business

Still no cause in Oakland fire that killed 36

Although the city of Oakland opened an investigation last month due to multiple complaints by neighbors about garbage piling up and illegal tenancy, the examiners could not enter the building and were unable to report on the alleged code violations in the warehouse.

Business

Gold inches up as dollar slips ahead of Fed rate decision

The spread between US and Japanese 10-year bond yields reached 143 basis points, the widest in five years. On Wednesday, the Fed is expected to raise it to between 0.5 and 0.75 percent, on the way to a normalized, or neutral, level of around 2.5 percent, which it hasn't reached since March 2008 .

Business

Non-OPEC Output Talks Disappoint (USO, UCO)

He also suggested non-Opec states would not hold up their end of the BARGAIN- cuts of 600,000 barrels a day - and that a rise in USA shale production would offset reductions elsewhere. The Energy Information Administration increased its USA oil output forecast for this year and next, and domestic explorers last week raised the number of rigs in action to the most since January.

Business

Ahead of FED meeting, dollar tumbles against euro

Also, a rally in oil prices boosted commodity-linked currencies. The ongoing battle between Federal Reserve Chair Janet Yellen and President-elect Donald Trump is about to escalate to a new level on Wednesday once the Fed announces the future of interest rates.

Business

Trump's pick for secretary of state is fifth CEO in cabinet

Tillerson has worked for Exxon since 1975. Tillerson said in a statement that he shared the president-elect's "vision for restoring the credibility of the United States". "His relationships with leaders all over the world are second to none", Trump's statement said. Their backing could be crucial for Tillerson receiving the approval he needs in the Senate, where Republicans will have a slim majority when Trump takes office on Jan 20.

Business

Vardah Cyclone: Bus fall down and driver flew away in cyclone

Taking stock of the situation in a high level meeting, he "expressed his satisfaction on the preparedness of the Central and State agencies in handling the devastating cyclone which has resulted in minimising casualties", an official statement said.

Business

18 people killed as Cyclone Vardah leaves debris, damage in Tamil Nadu

The unlucky vehicle, that appears to be a Maruti Suzuki Swift, turned turtle due to strong winds and rains. Government officials and other state agencies from Ariyalur, Perambalur, Tiruvallur, Cuddalore, Salem and Thanjavur districts were being deployed to handle the situation in the cyclone-hit regions, the official said, adding that more than 13,000 people are being sheltered in over 100 relief centres.

Business

Law officers ask Obama for help policing pipeline protests

But tribal leadership understands this win is only temporary. But they say they also support pipeline opponents who choose to camp overwinter. Obama last month said his administration is monitoring the dispute surrounding the almost finished four-state pipeline that's meant to carry North Dakota oil to a shipping point in IL.

Business

Donald Trump Taps Rick Perry To Head Agency He Once Forgot

Under the Obama administration, the department was led by Steven Chu, a guy with a Nobel Prize , and Ernest Moniz , a professor from MIT. According to multiple news outlets, President-elect Donald Trump selected Rick Perry to be his nominee for Secretary of Energy.

Business

Exhausted of cold, wet weather? Reno to see more this week

Thursday's temperatures are expected to drop further, with a high of only 12 and wind gusts causing the wind chill factors to fall well below zero, according to the hazardous weather outlook for the National Weather Service. The first big snow is likely to have a small encore into Tuesday morning, according to the National Weather Service . Tuesday's forecast calls for mostly sunny skies with a high of 38 and an overnight low of 16.

Business

Venezuelans rush to ditch 100-bolivar bills after president's sudden ban

He added that his decision to remove the 100-bolivar bill from circulation was "inevitable, necessary and radical". Due to rampant inflation in the country, the notes are almost worthless already, with a current exchange value of approximately 2 cents on the US dollar.

Business

Top GOP leader: Senate to probe reports of Russia hacking

That committee is led by California Rep. Devin Nunes, a strong Trump backer who has also expressed alarm about Russian hacking. "The Russians are not our friends", McConnell said . Trump also tweeted about the report on Monday morning, saying , "Can you imagine if the election results were the opposite and WE tried to play the Russia/CIA card".

Business

Republican leaders join call for probe of Russian hacking of USA election

In October , the US government formally accused Russian Federation of a campaign of cyber attacks against American political organizations ahead of the November 8 presidential election. The White House has also backed a congressional review. Retiring Senate Minority Leader Harry Reid, D-Nev., blamed FBI Director James Comey's letter in the final weeks of the campaign for reigniting controversy around Clinton's private email server and costing her the election.

Business

Board of troubled Italian bank MPS seeks fresh capital

A deal to prop up MPS was thrown into doubt last week after the European Central Bank (ECB) reportedly said it could not have more time to secure the private investment. Italian Premier Paolo Gentiloni told parliament ahead of a confidence vote in his new government on Tuesday that Italy would be prepared "to intervene to guarantee the stability of the institutes and the savings of citizens".

Business

Next Weeks Broker Price Targets For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

JPMorgan Chase & Co. raised shares of Patterson-UTI Energy from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $14.00 to $24.00 in a research note on Wednesday, December 7th. The company reported ($0.58) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.63) by $0.05. The firm's revenue was down 59.0% on a year-over-year basis.

Business

Salvation Army makes sure there are no forgotten angels this Christmas

The encounter left a lasting impression on Ruiz. "We usually find that as it gets closer to Christmas, people tend to get a little more generous, so we're optimistic that maybe we can reach that goal this year", says Pinkston. Those interested in volunteering with the Red Kettle Campaign can call Bryant-Cavanah at 402-352-4072. Some donated even more. "Fifteen minutes after I started, a group of girls came by and donated bills", she said.

Business

Trump picks Exxon CEO Tillerson as secretary of state

John McCain, R-Ariz., has been wary of Trump's own ties to the Kremlin throughout his entire presidential campaign. "I don't believe that he would, certainly not consciously, do anything that would contravene the interests of the United States for the potential benefit of his former company".

Business

Venezuela pulling most widely used bill from circulation

The embattled president announced over the weekend that the country's 100 bolivar fuerte (Bf) banknotes will be demonetized in the next couple of days. Pummeled by low oil prices, Venezuela is mired in economic crisis and crippled with the world's highest inflation rate - set to hit 475 percent this year, according to an International Monetary Fund forecast.

Business

Italy's foreign minister asked to be new premier

Interior Minister Angelino Alfano, whose small center-right grouping in the ruling coalition met Mattarella around midday, said his party would support a new mandate for Renzi, although a parliamentary source said last week the PD leader had ruled out - for the moment - staying on as a caretaker.

Business

Rail strike cripples rail services in southern England

In the absence of Southern passengers, Victoria, one of London's main commuter stations, was much quieter than it normally would be. The move followed informal discussions on Tuesday on the first day of a 48-hour walkout by members of Aslef, which halted all the company's services.

Business

Venezuelans prepare for largest currency note to be yanked

The 100-bolivar note is the most widely used one in the South American country. "This is an authoritarian measure". There are about six billion 100 bolivar currency notes in circulation, according to the country's Central Bank figures.

Business

Thousands evacuated as cyclone barrels towards India

Rail and flight services here have been affected, officials said. Special meetings of the officials of Revenue and Disaster Management Department to ensure that all necessary arrangements were took place. The Chennai city, which recorded close to six cms of rains since last night to 8.30 am this morning, has received about 10 cms during the four hours from 8.30 am to 12.30 pm.

Business

Rogue One: Disney CEO insists Star Wars film contains 'no political statements'

And here's another five TV spots... The first-ever standalone spin-off movie from the science fiction film franchise will feature a memorable space journey with a group of Rebel Alliance recruits, including Felicity Jones' character Jyn Erso.

Business

Qatar, Kuwait companies to reduce production from beginning of 2017

Brent crude futures, the worldwide benchmark for oil prices, were trading at $55.76 per barrel at 0211 GMT, up 7 cents from their last settlement. "Overnight we had a knee-jerk rally to the highs, but the market is going to try to analyse" the non-OPEC agreement going forward, said Andrew Lebow, managing partner at Commodity Research Group.

Business

IMF's Lagarde says she was not negligent in payout to French magnate

However, she denied that her decisions had been politically motivated even though Tapie was a friend and supporter of then-conservative president Nicolas Sarkozy . I think we are all a bit negligent sometimes in our life. She arrived at the Court of Justice of the Republic, a tribunal that hears cases against ministers, wearing a dark suit and a patterned scarf.

Business

WashPost: Trump Risks War by Flouting 'One-China' Policy

China's comments came a day after Mr Trump said in a television interview that he did not feel "bound by a one-China policy". While Trump's "undiplomatic" challenge of the "one China" policy is welcomed by some in Taipei, others were anxious businessman Trump might go ahead to trade off Taiwan's democracy for us interests, hurting Taiwan's "ultimate interests".

Business

Beijing warns Trump against change in 'One China' policy

Earnest said that such progress would be "much more hard if tensions are heightened around our One China policy". "If the [one China policy] is compromised or interfered with, any sound and steady development in China-U.S. Trump was extremely clear during the media interview that the United States will not cow down to a third country when it comes to interacting with Taiwan .

Business

Vladimir Putin has 'good, businesslike' relations with Rex Tillerson, Kremlin says

The president-elect and aides said Tillerson's relationship with Russian Federation is strictly business, based on his job with Exxon and Russia's large oil deposits. Tillerson will also face scrutiny from GOP social conservatives. Still others were taking a wait-and-see approach, including Sen. "We welcome having the Rosneft people come over, get a learning [sic] from how we're doing these things today in the environment in the U.S., so they can take it back to Russian Federation and do ...

Business

OPEC chief hails Rex Tillerson pick for secretary of state

Tillerson is the CEO of Exxon Mobil, which Gates acknowledges is "one of many clients" of RiceHadleyGates, Gates' and Rice's consulting firm. The plan is simple enough if Tillerson is approved: Trump will negotiate, and the oil executive will execute.

Business

Gambia's President Jammeh Makes U-Turn, Rejects Election Result

Jammeh told Barrow in a telephone call that Gambian television broadcast that he would accept the election results. The latest official figures gave Barrow a narrower win than initially announced - 43.29 percent of the votes for Barrow and 39.64 for Jammeh.


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