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White House Asks Congress to Probe Trump's Wiretapping Claims Against Obama

A spokesperson for Obama refuted Trump's claims in an official statement posted to Twitter . An Obama spokesman on Saturday denied the allegations, saying nobody in the former administration ordered surveillance on any USA citizen and that "any suggestion otherwise is simply false ".

Business

Oil market whipsawed as OPEC production discussed

But a surge in prices could very well provide a further boost to U.S. shale oil production, and see natural oil output stimulated from non-OPEC countries. But drillers cut spending by hundreds of billions during the oil bust. In 2016, twenty-two countries imported American crude, marking a more than 1,000 percent increase since 2009, when Canada was the only export destination.

Business

Crude Prices Settle Weaker In US

But the development still challenges the predominant narrative in the notoriously cyclical oil sector - that the reduction of investment during more than two years of low prices would lead to a supply crunch by the end of this decade. For now, "we are witnessing the start of a second wave of USA supply growth, and its size will depend on where prices go", Dr. Fatih Birol, the IEA's executive director, said in a statement.

Business

IEA warns of oil supply crunch unless drillers build new projects

The world's major oil ministers and industry leaders meet in the U.S. city of Houston for the annual CERAWeek, the largest annual industry gathering in the Americas. USA stocks fell at the open on Monday as rising geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor Barack Obama wiretapped him weighed on investors' risk appetite.

Business

Fed boss says USA rates may rise in March

Fed Vice Chair Stanley Fischer said earlier Friday that recent macroeconomic data has been positive. US Unemployment Rate data by YCharts. Markets barely moved on her comments, having already embraced a March rate hike as more of a foregone conclusion than a surprise.

Business

Azerbaijan further cuts oil output

According to the latest Baker Hughes report, US oil rig count increased by seven to 609, the highest level in the last seventeen months. Baku, Fineko/abc.az. Azerbaijan's average oil production this year is expected to stand at between 800,000 bpd and 807,000 bpd. The agreement expires in June. The meeting won't be without simmering tension between US oil producers and OPEC.

Business

Donald Trump's most important friend in Congress

He compared the alleged events to "Nixon/Watergate" and " McCarthyism! ", calling Mr Obama a "Bad (or sick) guy". According to multiple reports in recent months, us counterintelligence officials have been investigating alleged Russian attempts to damage Democratic Party candidate Hillary Clinton during the presidential campaign , as well as secret contacts between Trump's aides and Kremlin officials before and after his election victory.

Business

GM: Delta Township 3rd shift to end, 1100 jobs cut

The shift reduction will affect about 880 hourly and salaried employees at the plant, GM spokeswoman Erin Davis said. The decision comes as GM plans in May to stop building the old-generation GMC Acadia, called the Acadia Limited, at the Lansing plant.

Business

IEA warns of potential shortage of global oil supplies in 3 years

There's a worldwide glut of oil now, and the IEA said that supply looks adequate for the next three years, thanks to rising production from USA shale producers and Canadian oilsands projects that were sanctioned before the oil price crunch began.

Business

Delhi's IGI Airport ranks second best in world

SAA changed the branding of the airport to Skyxe in September 2016, while the airport building is still named John G. Diefenbaker International Airport. DFW Airport earned top marks among North American airports with more than 40 million passengers, beating out the likes of Atlanta's Hartsfield-Jackson International Airport and Denver International Airport.

Business

379 herders arrested after British farmer shot dead in Kenya

The British High Commission is in touch with his family to provide support at this hard time", said Mr Hailey. He said the former British Army officer died on the spot and it took hours for his body to be collected since there were fears the bandits were still lurking in the bushes.

Business

NCLT rejects Cyrus Mistry's contempt plea against Tata Sons

The issue of petitions' maintainability assumes importance as according to the Companies Act, a shareholder needs at least 10 per cent of the total share capital of the company. If it rules against a waiver, Mistry could go to court against today's ruling and also on the waiver petition. The unexpected ouster led to public spat between Mistry and Tata Group, where both the warring sides accused the each other of poor corporate governance practices and business decisions.

Business

Babri Masjid case ghost haunts LK Advani, SC refuses to drop charges

The Allahabad High Court, while upholding the dropping of criminal conspiracy charge, however, had at that time, allowed the CBI to proceed with other charges against Advani and others in a Raebareil court, under whose jurisdiction the case falls.

Business

Sensex Rises 215 Points On GST Hopes; Nifty Ends At 8963

Last week, global markets were rallying after US President Donald Trump outlined to the Congress the need to slash tax rates and plans of a $1 trillion investment in infrastructure. Shares in the energy conglomerate have risen 15 per cent since telecom unit Jio said it would start charging for its services in April. The MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan traded flat in early trade.

Business

Best stocks of the day: Ford Motor Company (F)

The EPS growth for the last 5 years is at -25.30% while the predicted EPS growth for the next 5 years is at 2.93%. Bank of Hawaii increased its position in shares of General Motors Company by 0.4% in the third quarter. This represents a $0.60 annualized dividend and a yield of 4.74%. Ford Motor Company's payout ratio is 52.63%. This report was first posted by [[site]] and is owned by of [[site]].

Business

In a year Delhi will look like London, promises Arvind Kejriwal

The budget is likely to have an outlay similar to previous year, when the approved kitty was estimated at Rs 46,600 crore. "Our aim is to make the entire system online so no one has to visit the offices at all", he said. "Firstly, I want to clarify it that I didn't say that I will make Delhi like London". During his address, Baijal said for inclusive development, his government has identified education as one of the key sectors and that construction of 20 new school buildings has been taken ...

Business

PSA Peugeot-Citroen confirms €2.2bn deal to buy Vauxhall

The move lets GM exit the European market. Analysts, however, say a combination between PSA Groupe and Opel only makes sense if there are job cuts. Mary Barra, GM boss, added: "We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a new opportunity to enhance the long-term performance of our respective companies by building on the success of our prior alliance".

Business

'Pessimistic' Vince Cable casts post-Brexit GLOOM over Peugeot takeover of Vauxhall

While Holden has been able to effect changes to the engineering of next year's Germany-sourced Commodore replacement, its ongoing place within General Motors may make it harder to collaborate with European designers and engineers. The unions said they have reached a commitment from PSA that all Opel businesses will be "put under one Opel entity". "Opel has been making red ink for 10 years, and burning approximately US$1 billion in cash every year", Tavares said.

Business

Average OKC Gas Prices Barely Fall, Still Lower Than Nation

But prices remain much higher than they were a year ago when the average price for a gallon of regular stood at $1.66. Prices continue to fluctuate up and down across Maryland with Salisbury experiencing the most significant change with a five cents increase over last week.

Business

Charge on cash deposit: Why blame the banks when RBI approved move

As of now, monthly average balance (MAB) for a savings bank account is Rs 500 without facility of cheque book and Rs 1,000 with cheque book across the country. The account holder will be charged Rs 20 after the three transactions from other bank ATMs and will be charged Rs 10 for withdrawals from SBI ATMs.

Business

Flight disruption expected due to strike action in France

More than 1,000 flights could be cancelled and severe delays caused to other journeys over five days starting from this morning and ending on Friday night. "Unfortunately in addition to cancelling some flights to and from France, other short-haul flights may also experience some disruption, given how many flights would normally use French airspace".

Business

Echuca will be on the CG baton relay route

It is claimed a total of 3,800 Batonbearers across Australia are needed to "share the dream of the friendly Games" as part of the Relay. The Queen's Baton Relay as it stopped in at the Gold Coast ahead of the last Commonwealth Games in New Delhi.

Business

Vauxhall workers wait for Peugeot buyout

Regardless of the details, PSA will have its work cut out with Opel that not only has many products competing with its own brands, but also comes with low profit margins making cars in countries with high labor costs, including Germany, the United Kingdom and Spain, as well as a surplus of production.

Business

Dreamers Disheartened As Trump Keeps Calling Undocumented Immigrants Criminals

Ms Cantrill cautioned that while the speech had been received positively by USA markets, it did not alter the fact that policymaking in the United States remains a complicated process. Even if Trump's policies displease world leaders, at least he isn't walking into a room with world leaders throwing around derogatory statements about their countries.

Business

PSA reaches deal to buy Opel from GM, wins board approval

The same company insider who preferred to remain unnamed told journalists that Peugeot-Citroen would announce the transaction early on Monday, but spokespersons from General Motors and PSA Groupe have refused to comment the inquiries made by Automotive News .

Business

Admiral Group plc (ADM) Given Neutral Rating at JPMorgan Chase & Co

The company's market capitalization is GBX 90.36 billion. The most recently updated broker updates which include ratings and price targets for STV Group (LON:STVG) from a range of analyst research notes can be found below. This represents a yield of 1.97%. This is a positive change from National Express Group PLC's previous dividend of $3.87. The original version of this report can be accessed at ...

Business

Trump supporters declare pride in president, slam opponents

St. Paul police detained at least five people for lighting fireworks to disrupt a weekend pro-Trump rally at the State Capitol. As the rally kicked off with a prayer, a group of counter protesters wearing all black crowded the bottom of the hill.

Business

Goldberg Wins WWE Universal Championship

The Oklahoman is now headed for another battle for Lesnar, the man he downed at WrestleMania XX in 2004, and in under two minutes at Survivor Series last November. Jinder Mahal and Rusev brawled after ending their short-lived tag team, before Mahal was downed by Cesaro and Rusev was crushed by Big Show in impromptu matches sanctioned by Mick Foley.

Business

Treasury chief's war chest being assembled as Britain prepares to leave EU

In response however, Hammond insisted that the United Kingdom was a "a nation that honours its obligations and if we do have any bills that fall to be paid we will obviously deal with them in the proper way". Mr Hammond told the BBC's Andrew Marr that Britain would "do whatever we need to do" including striking deals and building alliances with the rest of the world, to protect and drive the British economy if it were forced to face a future without a trade agreement with the EU.

Business

In Chicago, Fed Chair Signals Bump In Interest Rate

This expectation partly underlies our view that gradual increases in the federal funds rate will likely be appropriate in the months and years ahead: "Those increases would keep the economy from significantly overheating, thereby sustaining the expansion and maintaining price stability", Yellen said.

Business

Sushma Swaraj Reacts to Attacks on Indians in the US

A 39-year-old Sikh man in the U.S. was injured when an unidentified person shot him outside his home and allegedly shouted "go back to your own country" on Saturday night. External Affairs Minister Sushma Swaraj tweeted on Sunday that the Indian Consulate in the United States "has spoken to the father of the deceased in MA".

Business

Huskies' John Ross Runs a 4.22 40-yard dash

It was from Redskins wide receiver DeSean Jackson, his mostly physical equivalent, who invited him down to Los Angeles to train for a few days on a whim. However, Ross was wearing Nike cleats, so no island for him, unfortunately. "I'm obviously behind the 8-ball so I'm here to prove not only to myself but to every organization that if they take me, they're going to get the best player here".

Business

The row over Jeff Sessions' links to Russian Federation explained

Trump but that he was part of a committee that advised the campaign. "I have been called a surrogate at a time or two in that campaign and I did not have communications with the Russians and I'm unable to comment on it", Sessions responded.

Business

From Reddit To Trump's Twitter

Writing on Twitter, Mr Schumer said he would "happily talk" under oath about his meeting with Mr Putin, which took place "in full view of press and public ". President Trump got to work exacting revenge Friday on top Democratic lawmakers for demanding his attorney general's resignation over past meetings with Russia's ambassador - after pictures emerged of the same lawmakers in similar meetings, exposing them to "hypocrisy" charges.

Business

Deutsche Bank Plans $8.5 Billion Capital Increase

It's also studying management changes, including a new role for chief financial officer Marcus Schenck, some of the people said. "Our decisions are a significant step forward on the path to creating a simpler, stronger and growing bank", Deusche Bank's chief executive John Cryan said.


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