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Oil edges higher as OPEC boost offsets dent from United States supply

OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year. Output in the lower-48 states rose 21,000 bpd to 8.72 million, also the highest since August 2015. "The U.S. has increased production by about 600,000 barrels a day since the OPEC agreement, mitigating their cuts".

Business

Why the iPhone 7S could be better than the iPhone 8

This year marks the 10th anniversary of the first iPhone, which Asymco analyst Horace Dediu earlier this year proclaimed "the most successful product of all time", having sold an expected total of 1.2 bllion units from 2007 through the first half of 2017.

Business

Honda to launch all-electric battery car in China next year: executive

Industry executives will use the Shanghai Motor Show, which opens to the public on Friday, to show off numerous battery electric and plug-in hybrid models. China's central government and many local authorities are keen to reduce congestion and air pollution and have dangled various incentives for car-sharing, such as eased licensing requirements and guaranteed parking.

Business

Delta Air Lines, Inc. Posted gains of 0.14% in the Last Trade

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . During the trading on 04/13/2017, Company's stock ranged from $45.00 to $43.81. Delta Air Lines , Inc. has a 12 month low of $32.60 and a 12 month high of $52.76. Analysts predict that Delta Air Lines , Inc. will post $5.12 EPS for the current year.

Business

Asia Stocks Slip, Dollar Up amid N. Korea Concerns

The Japanese yen strengthened 0.16 per cent versus the greenback at 108.73 per dollar, while Sterling was last trading at US$1.275, up 1.50 per cent on the day. OPEC will also be meeting in May to determine whether to continue their production cuts and to evaluate other ways to respond to continued production increases in the USA, which is now the world's third-biggest oil producer.

Business

Exxon wants waiver from U.S. sanctions to restart Russian Federation oil venture

Part of the sanctions leveled on Russia include the prohibition of technology transfers in Russian energy projects in the Arctic, Siberia, and the Black Sea. Treasury does not speak publicly about such waivers or their considerations, and Exxon did not return a request for comment. The time since the sanctions has seen an even further deterioration of the U.S.

Business

Oil hits five-week top on geopolitical tensions, strong demand

On Tuesday, the American Petroleum Institute, an industry group, forecast a 1.3 million-barrel fall in US crude supplies, a 3.7-million-barrel decrease in gasoline stocks and a 1.6-million-barrel fall in distillate inventories, for the week ended April 7.

Business

International Monetary Fund warns of growing risks to improving global recovery

The IMF's global growth estimate is 3.5% for this year and 3.6% for 2018, up from 3.1% last year. After gaining speed in the fourth quarter of 2016, the International Monetary Fund now envisions growth momentum to persist, it said in the spring edition of its twice-yearly World Economic Outlook .

Business

United CEO says nobody is getting fired - including the CEO

Mr Munoz says he takes full responsibility "for making this right " after the April 9 incident on board a United Express plane in Chicago. "We've always thought to repay our customers" trust with the highest quality of service and deepest level of respect and dignity, ' Munoz said.

Business

European Union calls on Turkey to investigate referendum fraud allegations

Before the electoral board's announcement, Prime Minister Binali Yildirim said the opposition had the right to file objections, but warned that calling for street protests was unacceptable. On Tuesday, the main opposition Republican People's Party (CHP) submitted a petition demanding the cancelation of Sunday's referendum to Turkey's Supreme Board of Election.

Business

After Initially Defending Staff, United Airlines Boss Apologizes for 'Horrific Incident'

Moments before David Dao was violently ripped from his United Airlines seat, the 69-year-old passenger's combative exchange with airport officers was caught on tape. "I was hired to make United better, and that's what we'll do". "My initial words fell short of truly expressing the shame". In a not-so-subtle dig at the US-based carrier, Emirates released a video mocking United Airlines' "Fly the friendly skies." motto.

Business

Delta Air Lines, Inc. (NYSE:DAL) & Nike Inc (NYSE:NKE) Traders Recap

Just few days ahead of results announcement, United Continental Holdings Inc (NYSE:UAL) was caught with an incident involving a passenger and the treatment meted to him. Among 10 analysts covering Oclaro Inc ( NASDAQ:OCLR ), 9 have Buy rating, 0 Sell and 1 Hold. (HIMX) ("Himax" or "Company"), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced that it has made a strategic investment in cash in exchange for a 45.1% equity ownership of ...

Business

Oil near flat in strong week for crude

But even as the Organization of Petroleum Exporting Countries works to slow the onrush of oil, it expects increasing resistance from American shale producers and other non-OPEC countries. But the Organization of the Petroleum Exporting Countries also raised its forecast for supplies from non-member countries in 2017 as higher oil prices encourage USA shale drillers to pump more, reducing demand for OPEC's oil this year.

Business

Pence assures Japan: America is with you '100 percent'

Pence will meet with Indonesian President Joko "Jokowi" Widodo earlier in the day during his first trip to the country. Pence met in Tokyo with Japanese Prime Minister Shinzo Abe, focusing on the U.S. He will also visit Indonesia, Australia and Hawaii. From two continents, Pence and Defense Secretary Jim Mattis warned that North Korea's latest failed missile launch was a reckless act of provocation and assured allies in Asia that the USA was ready to work to achieve a peaceful ...

Business

Oil steadies as OPEC boost offsets dent from USA supply

The gasoline inventory rose by 1.4 million barrels as refinery runs increased by 334,000bpd in the US. U.S. West Texas Intermediate crude futures were also down 18 cents at $53. United States shale production in May was likely to post the biggest monthly gain in more than two years, government data showed on Monday, as producers stepped up the pace of drilling, with oil prices holding above $50 a barrel.

Business

Mercedes boss admits team orders call wasn't easy to make

That even Fernando Alonso managed to overtake in the weakly powered McLaren suggested it was less about speed and more about the space available. Vettel though was on song from the beginning, passing Hamilton into the opening turn as the Brit bogged down on the start.

Business

Cristiano Ronaldo: Real Madrid star turning into centre-forward - Gary Neville

But Madrid came back in this tie quickly thanks to Ronaldo. But hats off to Real Madrid for advancing to its seventh straight semifinals and Cristiano Ronaldo for his hat-trick. Manager Zinedine Zidane lavished praise on the team's all-time top scorer but reminded Ronaldo that Real players had to get used to the relentless pressure from supporters of the 11-time European champions.

Business

United States wants China to let yuan rise, improve market access

The administration's first report to Congress on foreign exchange policies of U.S. trading partners continues the stance of the Obama administration, putting those and four other countries on a watch list, though using a much tougher tone. "China has clearly embarked on market-oriented exchange rate reform, with the yuan's daily trading band already expanded to 3 per cent from 0.3 per cent", Zhou said.

Business

Russia's Putin congratulates Erdogan on Turkey referendum

They argued that this contravened Turkish electoral law. " The main opposition party not recognizing the results is not an acceptable thing ", Yildirim said. Numerous irregularities were reported in traditional Kurdish strongholds of the HDP long opposed to AK Party rule. In Ankara , hundreds of people lined up outside the election board's offices to submit petitions requesting the board reverse its decision to accept the ballots without official stamps.

Business

'Australia first' foreign visa changes spark cheers, fears

This compares with just 12,866 of the so-called 457 skilled work visas approved in the year to September 2016. 'The government has the ability to bring this forward, to think is through, what we're saying is it got to be able to be independently demonstrated and it should be audited as well'.

Business

Pres. Trump visits Kenosha for order signing

The number of requests for H-1B visas declined this year by about 15 percent, or roughly 37,000 applications, but the total was still almost 200,000, far more than the 85,000 limit. Snap-on makes hand and power tools, diagnostics software, information and management systems and shop equipment for use in agriculture, the military and aviation.

Business

United CEO: No one will be fired over passenger dragging incident

The damaging passenger dragging incident, caught on video, was down to a 'system failure'. He says the airline will have more to say later this month after it finishes a review of its policies on overbooked flights. Senate Commerce Committee to answer detailed questions about the incident. The company's first-quarter profits outperformed the expectations of financial analysts, and Munoz said it gave the carrier "a lot of confidence" going forward, the Tribune reports .

Business

Caribbean Comedian Takes On United Airlines

Last week (April 9), the video of a man on board a United Airlines flight being forcibly removed from his seat by airport security, made worldwide headlines. United has said it is examining policies including booting passengers off sold-out flights, and has promised a complete review by April 30. United Airlines has amended its policies to ensure that passengers already boarded on its aircraft won't get bumped to make way for company employees to fly.

Business

Ivanka Trump tweets support for Equal Pay Day

OH ranks 42nd among states and D.C. for gender wage inequity, and two state lawmakers are hoping new legislation amplifies conversations about closing the pay gap. Maybe next year, we might want to take a look toward Iceland, which just passed a law that requires companies to actually prove they're paying their male and female employees equally.

Business

Oil rises after IEA finds market nearing balance

As a dollar-denominated commodity, a cheaper buck tends to make oil more affordable for worldwide buyers. Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a USA missile strike on Syria and a shutdown at Libya's largest oilfield .

Business

Pound surge suggests United Kingdom election will yield smoother Brexit

She said on Tuesday she had "reluctantly" come to the decision to call for an early election because of political division in Westminster, suggesting that opposition parties were trying to thwart her plans for leaving the EU. If Labour have a bad night, and the expectation is that they will, then Corbyn will be expected to resign. For Giles Merritt, chairman of the Friends of Europe think-tank in Brussels, May's explanation of her election surprise - "it's about getting the best possible ...

Business

White House defends portrayal of 'armada' push towards Korean peninsula

Confusion over the deployment of a U.S. aircraft carrier continued to roil South Korea on April 19 following the revelation that the Carl Vinson Strike Group, initially announced by the United States to be heading toward the Korean Peninsula, had instead spent the last week thousands of kilometers away, sailing in the opposite direction.

Business

United Airlines picks a amusing time to attract more passengers

On Tuesday, he was asked if the company ever considered firing anyone. But the potential Chinese market for United Airlines is far larger than any Vietnamese one. Yet United officials said they couldn't measure whether the dragging has affected their business. He noted that the board of United Continental Holdings Inc.

Business

Bill O'Reilly Out at Fox News Channel After 20 Years

Fox News Channel's parent company fired Bill O'Reilly on Wednesday following an investigation into harassment allegations, bringing a stunning end to cable news' most popular program and one that came to define the bravado of his network over 20 years.

Business

Man dragged screaming and bloodied from United Airlines flight takes legal action

Videos show him being approached by security, tossed against a metal armrest and then pulled from his seat and and dragged down the aisle as he screamed and other passengers looked on in horror. Paul Callan, a civil and criminal trial lawyer in NY, said the public outcry over Dr Dao's treatment is likely to push the airline to a quick and generous settlement.

Business

Steel Industry Praises President Trump Signing Buy American, Hire American Executive Orders

Trump on Tuesday signed an executive order that encourages government agencies to give priority to American companies when awarding contracts and ordered a review of waivers and exemptions that allow the use of foreign-made products. Donald Trump announced a new executive order directing government agencies to " buy American and hire American ", but immediately faced accusations of hypocrisy for failing to do so himself.

Business

International Monetary Fund raises 2017 global growth forecast to 3.5 pct

IMF's publication World Economic Outlook (WEO) that conducts surveys recently revised India's growth forecast for the financial year 2017 at 6.8 per cent. The outlook also explained how Nigeria will return to growth after an economic decline of 1.5 percent in 2016. Turkey's economy is expected to contract to 2.5 percent from 2.9 percent, but the bank kept 2018 forecasts unchanged at 3.3 percent.

Business

Nintendo Switch Sells Over 900000 Units in March

Citing numbers from NPD (so we're talking North America here), the Switch sold over 906,000 consoles in March, with Breath of the Wild moving 925,000+ copies for Switch and nearly 460,000 for Wii U-also not a bad number, considering that the (roughly ten million) Wii U owners are mostly Nintendo diehards who were likely to buy a Switch anyway.

Business

Chinese-origin doctor dragged off UA flight files court papers

But on Wednesday, Munoz walked back such language, saying he did not blame Dao for what happened. One of Dao's five children, Pepper, 33, described him as a "wonderful father" and "loving grandfather" who had been returning from vacation in California.

Business

Colin Miller expected to return for Bruins in Game 4

I said yesterday in the preview that it would come down to goaltending, and in a series where both goalies have struggled and have sub-.900 save percentages, it might be Craig Anderson's third period stop on David Backes at the lip of the crease that made the difference.


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