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Oil Price Forecast - Week Starting 19th March 2017

Saudi Arabian Oil Minister Khalid al-Falih told Bloomberg that the US oil sector was a factor to watch. On the contrary, oil prices have fallen sharply below the pre-output-cut levels as seen in the chart below. Analysts say speculative investors are likely to keep reducing bullish positions, thanks to optimism amongst US producers boosting drilling activity, which in part will offset OPEC attempts at reducing supply.

Business

Fed Interest Rate Hike 'Not Likely to End this Bull Market'

Kashkari's stance establishes him as a voice of resistance as the Fed gets moving: as of last week's meeting, officials forecast two more rate increases this year, assuming their economic projections for low unemployment and near-2 percent inflation are met.

Business

Crude Oil Drops Near $48

WTI crude has "found itself vulnerable to heavy losses.as the rising drilling activity in the US reinforced the oversupply fears", said Lukman Otunuga, research analyst at FXTM, in a note. In a note to clients, AB Bernstein was quoted by Reuters as saying the reduction in OPEC production from the start of 2017 will start to show up between mid-March and mid-April, thereby improving crude prices.

Business

The Dalai Lama inaugurates International Buddhist Conclave in Bihar

In his opening address, the Dalai Lama told Buddhist delegates and experts from 35 countries that all religions share one principle - love and compassion - and that all must promote religious harmony in order to overcome both historical and current problems created in the name of religion.

Business

Britain to formally launch European Union exit on March 29

After almost a year of phoney war since the June 23 referendum vote to quit, British negotiators led by Brexit Secretary David Davis will sit down with the European Union, possibly still in May. Continued full membership of the customs union is unlikely as it would prevent Britain striking its own trade deals with non-EU countries, a key plank of May's strategy for a new "global Britain".

Business

Dems Fighting to Block Trump's US-Mexico Border Wall

After initially saying the wall should be made of concrete, the government widened its call and said it would consider " other designs ". They also are looking for designs that do not allow people to climb over it or tunnel under it. A federal contracting expert told CNN this approach is common when the government knows generally what it wants, but is interested in seeing different ideas to accomplish the goals.

Business

Transocean Ltd. (NYSE:RIG) Valuation According To Analysts

After a recent spot-check, the stock has touched $12.16 which represents a change from the open of -0.41%. The Stock now has the market capitalization of $4.87 Billion, P/E (price to earnings ttm) of 5.98 and Weekly volatility of 4.03% and monthly volatility of 3.90% respectively.

Business

A local group met to discus Supreme Court pick

Grassley drew criticism throughout previous year for refusing to hold a Judiciary Committee hearing for President Obama's nominee to fill the vacancy created in February of 2016 when Supreme Court Justice Antonin Scalia died. Republicans will seek to assuage these concerns by painting Gorsuch as an ardent textualist in the mold of Scalia, wholly committed to the idea of the separation of powers.

Business

Bob Dylan to play shows in Ottawa, Kingston in June

Dylan, 75, is touring this summer to support his triple album of new material, Triplicate, which arrives March 31. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw. Dylan, who turns 76 on May 24, will be making his second appearance at the Rogers K-Rock Centre. Two nights later he plays in Kingston, followed by appearances June 29 in Ottawa and June 30 in Montreal.

Business

Jamie Carragher praises Liverpool star's 'fantastic pass' against Man City

Guardiola said City's enterprising display, so soon after their disappointment at Monaco, made it "one of (his) happiest days as a manager". Manchester City had to come from behind to hold Liverpool 1-1 as both teams lost ground in the Premier League following victories for Chelsea and Tottenham Hotspur.

Business

IBM Launches Cloud-Based Enterprise-Ready Blockchain Service

The new service is based on the Linux Foundation's Hyperledger Fabric version 1.0, IBM said in a press release . The Hyperledger Fabric is essential for complying with regulations as it is a permissioned blockchain , a requirement for data protection and confidentiality.

Business

Sprouts Farmers Market, Inc. (SFM) has Current Market Capitalizaion of $3.01 Billion

This meant that the stock still offers about ten percent upside potentials though the stock is trading down about two percent on Monday. (NASDAQ:SFM) now has a High Price Target of $30. Last year, buyout firm Apollo, which previously owned Sprouts, purchased The Fresh Market , a specialty grocer with stores in the Midwest, Southeast and Mid-Atlantic, for about $1.4 billion.

Business

Eric Trump, Wife Lara Expecting Their First Child

The as-of-yet unnamed son will be the President's ninth grandchild. " Eric's dad was so excited", Lara said, "that we were anxious he'd blurt it out at a press conference". Now, she joked with People , she's realizing that she would actually like to name her firstborn Charlie, if she hadn't already given the name to her dog.

Business

Featured Stock to Focus: Whiting Petroleum Corp. (WLL)

There may be various price targets for a stock. 01/31/2017 - Whiting Petroleum Corporation had its "outperform" rating reiterated by analysts at Credit Suisse. All of these Earnings estimates are a consensus recommendation of 32 Analysts. ( WLL ) could bring EPS of $-0.32/share. The company reported its last quarter on Dec 16.

Business

Trump denies he colluded with Russian Federation during the election

Officials investigating the matter have said they believe Moscow had hacked into Democrats' computers in a bid to help Mr Trump's election bid. Trump said, referring to statements made two weeks ago by the former director of national intelligence during the Obama years.

Business

May begins Brexit tour amid battle to keep United Kingdom together

Mike Russell said he only found out the Brexit process would formally get under way on March 29 when it was reported in the media. The announcement came after May pushed through legislation to start the negotiations to start withdrawal - a process set in motion by voters in a June 23 referendum.

Business

Zacks Rank on MGM Resorts International (MGM) based on Estimated Earnings

Many analysts have provided their estimated foresights on MGM Resorts International Earnings, with 10 analysts believing the company would generate an Average Estimate of $0.31. 03/06/2017 - MGM Resorts International had its " rating reiterated by analysts at Deutsche Bank. The companys revenue was up 12.3% compared to the same quarter previous year.

Business

Chuck Berry's Family Move Forward With Planned 'Chuck' LP

He died Saturday afternoon after being found unresponsive. The first responders then administered lifesaving techniques. "Unfortunately, the 90-year-old man could not be revived and was pronounced deceased at 1:26 p.m". Alice Cooper issued a statement saying, "Everybody In Rock "N Roll, from The Beatles to Alice Cooper , owes Chuck Berry ". The song has been included on a number of lists of the greatest songs of all time ( Rolling Stone's 500 Greatest Songs of All Time and the Rock and ...

Business

Confirmation hearings begin for Supreme Court nominee

Gorsuch's hearing is expected to last until Thursday. And in 2017, the Senate's Republican leadership has the option of changing the Senate's rules to allow a vote on Gorsuch to proceed to the full floor without a cloture vote by killing the filibuster, using tactics deployed by former Senate Majority Leader Harry Reid in 2013.

Business

Top economies yield to U.S., drop no-protectionism pledge

U.S Treasury Secretary Steven Mnuchin dismissed the previous communiqué as possibly irrelevant for the current global economic climate. He has already pulled the USA out of a proposed free trade deal with Japan and other Pacific Rim countries and is trying to renegotiate the North American Free Trade Agreement with Mexico and Canada.

Business

WNIJ's Gas Price Monday

The national average was $2.292 on Monday, down from $2.298 a week ago but up from $1.982 previous year. When it comes to local averages for one gallon of regular unleaded, Smiths Grove comes in with the lowest price of $2.09 per gallon. The price of gas in the state is 20 cents below the national average of $2.29. States posting the highest prices are Hawaii ($3.064 a gallon), California ($2.997), Washington ($2.845), Alaska ($2.739) and OR ($2.672).

Business

Brazil under fire in dodgy meat scandal

China and Hong Kong, which together are the biggest foreign market for Brazilian meat, were the destination of a third of the $5.5 billion of beef shipped from Latin America's largest economy past year, according to the meat exporters group Abiec.

Business

Kim Jong-Un declares 'new birth' in North Korea's rocket program

The engine will help North Korea achieve world-class satellite launch capability, KCNA said, indicating the test was of a new type of engine for long-range missiles. "We are exploring a new range of diplomatic, security, economic measures". The threatening release comes as the USA and South Korea engage in military exercises.

Business

What's Cooking Ranbir? Watch Barfi Star In Deep Conversation With Mahira

The pictures and the backstage videos of the duo has facet the social media, making us hope to see them sometime together on-screen. A few have even gone ahead to suggest that this interaction between Ranbir and Mahira could possibly be a part of some act.

Business

Ryan on healthcare plan: 'We're right where we want to be'

In a separate interview Sunday on "This Week", Stephanopoulos asked Health and Human Services Secretary Tom Price about Paul's proposal for a "clean repeal" of Obamacare and a "wide open debate" about how to replace it. The Congressional Budget Office estimated that over 10 years, 24 million fewer people would have coverage. Senator Chuck Schumer of NY said last month that there is a big chance that they will keep the Affordable Care Act.

Business

Analysts Set Imperial Brands PLC (IMT) Target Price at $4105.83

IMT has been the subject of several recent research reports. The stock has an average rating of "Hold" and an average target price of GBX 253.08 ($3.09). The ex-dividend date of this dividend is Thursday, March 23rd. In other J D Wetherspoon plc news, insider John Hutson acquired 4,827 shares of the stock in a transaction dated Wednesday, December 21st.

Business

India vs Australia 3rd Test: MS Dhoni spotted at Ranchi stadium

Otherwise they were chanceless, Handscomb finishing unbeaten after keeping out 200 balls in all. Shaun Marsh and Peter Handscomb showed remarkable application and grit to keep India at bay throughout the post lunch session, taking Australia to 149 for 4 on the final day.

Business

Move over Denmark, Norway is now world's happiest country

In 2013, the National Academy of Sciences issued a report recommending that federal statistics and surveys, which normally deal with income, spending, health and housing, include a few extra questions on happiness because it would lead to better policy that affects people's lives.

Business

Midlands drives house price growth as monthly figures exceed expectations

The figure is just £363 below a record high of £310,471, recorded in June a year ago. The average asking price rise for homes coming to the market in the last month has been a chunky 1.3 per cent - the same as March 2015, when the market was being fuelled by frantic purchasing of buy to let property ahead of the stamp duty surcharge deadline.

Business

Women's Basketball: NCAA Tournament day one first round action

No. 12 Middle Tennessee, 7:10 p.m., TBS Midwest: No. 4 Purdue vs. Moe Wagner scored a career-high 26 points and spurred a furious second-half rally to send MI past second-seeded Louisville 73-69 on Sunday and into the Sweet 16. Game tips off at 2:40 p.m. from Indianapolis. With heavyweights like Kansas, North Carolina and Gonzaga still alive, the cream has risen to the top in college basketball.

Business

Trump's budget is a declaration of war on the environment

It proposes the previously reported $54 billion increase in defense spending and corresponding cuts to non-defense spending at the State Department , the Department of Housing and Urban Development , the Environmental Protection Agency and the wholesale elimination of other federal programs.

Business

Jat leaders put off agitation for 15 days

The Jat protesters yesterday postponed the "Delhi Kooch" following discussing the matter with the Haryana Government. The ongoing Jat agitation crisis in the national capital region on Sunday was called off after Jat agitators and government mutually agreed on post-pone the protest.

Business

Trump's Budget is as Frightening as We Expected

The administration's budget proposal set federal employee unions afire with discontent over what they called "anemic levels of funding". Also highlighted in the report were an OH boating club hit by cuts to keeping the Great Lakes clean, and homeowners in Florida's Gulf Coast affected by reductions to the country's food insurance programs.

Business

Haddock could be about to disappear from fish and chip shops

There is more positive news for some other fisheries, with scampi from Farn Deeps fishery being upgraded from the lowest rating of "five" - a fish to avoid - to a "four" thanks to better management, though it is still some way off being sustainable.

Business

USA industrial production flat in February as utilities' output falls

Manufacturing output ex-autos rose 0.4% in February, after a 0.6% January gain, the average increase over the previous three months was 0.2%. Looking at major industry groups, manufacturing production increased 0.5% on the month (consensus: 0.3%), mining rose bny 2.7% and that of utilities shrank 5.7%.


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