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Global oil supply dips by 41000 bpd in April

On Wednesday, the rise in both benchmarks was seen after the news of drop down came in USA crude inventories and a dip in US output. The U.S. Energy Information Administration said inventories fell 1.8 million barrels in the week to May 12 to 520.8 million barrels.

Business

Pockets hit as inflation reaches a three-year high

Matt Whittaker, chief economist at the Resolution Foundation, said: "Having hovered close to zero back in 2015, inflation has really picked up in 2017, doubling in the last six months alone and now at its highest level for nearly four years".

Business

Yamana Gold Inc. (AUY) Stock Rating Upgraded by Vetr Inc

A number of other brokerages have also weighed in on AUY . Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).

Business

Alibaba quarterly profits almost double to USD 1.55 bn

Revenue from e-commerce business rose 47 percent to 31.57 billion yuan in the first quarter. Its core e-commerce business remains strong, thanks to robust consumption in the world's second largest economy. Like its U.S. rival Amazon - which claims more than 300 million customer accounts - Alibaba has expanded into a wide range of services, including cloud computing and media, via its Youku Tudou video hosting service.

Business

Sean Spicer Rebuts Report that Trump Asked Comey to Pledge His Loyalty

Trump's warning prompted new accusations of interference in an investigation into allegations of collaboration between Russian Federation and the Trump presidential campaign previous year. Former director James Comey was abruptly fired on Tuesday . "Did he order Comey to end the investigation?" They said Trump was prompted by a scathing memo written by Deputy Attorney General Rod Rosenstein, only to acknowledge Trump had been planning to fire Comey regardless of the recommendation.

Business

DeVos Education Budget Cuts Public Education To Fund Religious Schools

Another $250 million will be spent on "Education Innovation and Research Grants", which would be dedicated for expanding school vouchers for private schools and for studying the impacts of these vouchers. The new education budget should not be a surprise. That money would be added to the $15.9 billion that the Title I program will receive under the 2017 budget .

Business

Gap profit jumps 12.6 pct (GPS)

While arriving at a price target, analysts and investors alike use various metrics to determine where the stock might be directed. Blackrock Advsrs Ltd invested in 0.15% or 6.42 million shares. ILLEGAL ACTIVITY NOTICE: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & global copyright & trademark legislation.

Business

Shopper tackles a DEER in a Minnesota Wal-Mart

A Wal-Mart shopper in central Minnesota wrestled a deer to the ground and held it down until the animal could be set free, authorities said Wednesday. "It came in through the garden doors, and it must have been eating the flowers or something", said customer Stephanie Koljonen. She said Tom Grasswick was the person to capture the deer.

Business

Free Dunkin' Donuts frozen coffee taste test today

Earlier in May, the coffee-and-donut chain launched Frozen Coffee, a blended beverage replacing the chain's cult favorite Coffee Coolatta . Many viewed the Coffee Coolatta as a sweet, decadent treat. There are still giveaways taking place today. The fun design makes the day a Frozen Friday by adding an icy motif to your image, and can be unlocked at any of Dunkin' Donuts' U.S.

Business

Three-Storey Building Collapses In Lagos

He told the News Agency of Nigeria (NAN ) in Lagos that as at 12.35 a.m. Friday morning, three dead bodies had been recovered. 16 people have so far been rescued and taken to hospital. "Meanwhile, others with serious injuries were rushed to the hospital". The National Emergency Management Agency and Lagos state Fire Service are now at the scene of the incident.

Business

Campbell Soup misses profit, sales estimates; trims sales forecast

The stock decreased 0.82% or $0.47 during the last trading session, reaching $56.94. Van ECK Associates Corp now owns 2,918 shares of the company's stock worth $176,000 after buying an additional 543 shares during the period. Looking forward, for the quarter ending Jan-17, 10 analysts have a mean sales target of 2,216.94 million. She said the company would raise its earnings outlook, however, to 2 to 4 percent for adjusted earnings and 3 to 5 percent for adjusted EPS.

Business

Shares slip from highs as Macron win seen priced in

The Prime Minister added that he is looking forward to working with Macron to further deepen the cooperation between India and France. The message crossed French borders: Germany's foreign minister, Sigmar Gabriel, laced his welcome for Macron with a warning to the French: "If he fails, in five years Mrs.

Business

Foot Locker Disappoints Investors In First Quarter

Todd Asset Management LLC now owns 467,014 shares of the textile maker's stock worth $31,626,000 after buying an additional 147,267 shares in the last quarter. Foot Locker reported first-quarter earnings of $1.36 a share, trailing the $1.38 predicted by analysts. Shares were down 0.6% in 2017 through Thursday, while the S&P 500 has gained 5%.

Business

Mortgage rates retreat amid political turmoil in Washington

The 15-year FRM also decreased slightly to 3.27%, down from 3.29% last week, but still up from 2.81% last year. The borrowing cost on 30-year mortgages, the most widely held type of USA home loan, averaged 4.02 percent in the week ended May 18, down from 4.05 percent the previous week, the mortgage finance agency said.

Business

Central US warned severe weather, tornadoes on the horizon

Mark Tyson said he and his wife Robin were huddled behind a living room chair as the storm hit Tuesday evening when an entire wall of their mobile home suddenly came flying at them. "This is, I think in terms of outright damage, both physical in terms of what it did to the landscape, but also in terms of the damage destroying people's homes I think it's the worst I've seen as governor".

Business

Oil prices climb on hopes output cuts will be extended

Saudi Arabia and non-OPEC Russia, the world's top two oil producers, have agreed on the need to prolong the current cuts until March 2018, although Saudi Energy Minister Khalid al-Falih said extended curbs would be on the same terms. USA producers are not party to any agreements capping production. "One of the biggest difficulties facing the cartel, however, is that there is a lag between output cuts and inventory changes", Bank of America Merrill Lynch said in a note.

Business

How the Sunni Arab world views Trump ahead of his visit

But however powerful the images of Trump's globe-trotting turn out to be, they have little chance of eclipsing the scandals convulsing his White House back home. Though Trump has thus far proven unwilling to "rip up" the Iranian nuclear deal, he has initiated new sanctions on Iran , and repeatedly promised a more assertive US policy to deal with Iran's "destabilizing" regional behaviors.

Business

Muslim board against triple talaq

Prime Minister Narendra Modi disagrees and previous year waded into a controversy by saying he believed it was destroying women's lives, with Muslims making up about 13 per cent of the country's 1.2 billion people. To this Sibal replied, "It is sinful". Referring to the AIMPLB's stand that triple talaq is an abhorrent practice, sinful but valid in law, Mr Khurshid said, "I can not imagine any religious law which will validate a sin".

Business

Macron Wins Merkel Backing For Bid To Shake Up Europe

The two governments would hold a meeting on key issues in July. "It will no longer be the case", Macron said, as cited by Reuters. France's United Kingdom ambassador, Sylvie Bermann added Mr Macron wants the "reconstruction of Europe" and will work alongside Germany to achieve that.

Business

No political questions please, says Rajinikanth

Rajinikanth left his fans and political circle into a speculation spree when he hinted towards joining politics earlier on Monday. "It is natural for Rajinikanth to talk about politics because there is now a vacuum caused by the death of Jayalalithaa and ill health of Karunanidhi", said former minister K.P.

Business

As "Laptop Ban" Talks Continue, Airline Groups Speak Out

However, EU officials were alarmed over reports that the USA was planning to extend the ban to all flights from Europe and called an urgent meeting with United States officials May 17. a year in loss of productive time, $216 million in travel delays at airports and $195 million in reduced well-being. The "laptop ban" was started in March in certain areas, to all flights arriving from European countries.

Business

London airport to get first digital air traffic control

The new system is set to be completed by 2018. It has already been tested in Australia, Sweden, Norway and Ireland. The images are transmitted to the control room by three separate, independent and super-fast fibre connections but any fears over a possible delay in the relaying of pictures has been quashed by Saab.

Business

Stock Traders Purchase Large Volume of Barrick Gold Corp Put Options (ABX)

BMO Capital Markets restated a "buy" rating on shares of Barrick Gold Corp in a research report on Friday, March 31st. A rating of 1 would be equivalent to a Strong Buy, and a rating of 5 would indicate a Strong Sell rating. More interesting news about Barrick Gold Corp (USA) (NYSE: ABX ) were released by: Fool.ca and their article: "Buy Barrick Gold Corp". 1832 Asset Management L.P.

Business

Kansas lawmakers unsure sales tax should be in budget fix

It contains a provision to eventually end all those taxes depending on increases in other state revenues. House Bill 107, the Tax Reform Act of 2017, rejects the plan set forth by Justice and Senate leadership to raise the state's sales tax to 6.95 percent, while dropping income tax rates by 15 percent.

Business

Labour reaches highest rating yet in latest General Election poll

McCluskey's analysis, made in an interview with the Politico website , was widely seen as an attempt to lower expectations, in order to prepare to make an argument for Corbyn to remain as Labour leader even if he suffers a heavy election defeat.

Business

Kuwait backs call to extend oil output cuts

USA economic data due for release Monday includes the Empire State manufacturing survey, the NAHB housing market index and Treasury worldwide capital data. The cut hasn't really worked. But it is good news for their rivals in the US. This fluctuation had resulted in the rise of 2.5 percent in the stock price of the crude oil in the commodity market.

Business

22 million WannaCry ransomware attack attempts blocked by Symantec

However, many companies didn't install the patch . The ransomware then locks up the files on the computer, keeping them encrypted and inaccessible until users pay the ransom to regain access. Still, it was Microsoft that wrote the exploitable software to begin with. Computers and networks that hadn't recently updated their systems are still at risk because the ransomware is lurking.

Business

U.S. Treasury sanctions Iranians, Chinese for supporting Assad

Lawrence Korb, a senior fellow at the Center for American Progress and former U.S. assistant secretary of defence, said the Trump administration's continuation of the nuclear deal is similar to the situation with China. "The US and its partners will continue to apply pressure on Iran to protect the human rights and fundamental freedoms for everyone in Iran", he continued in the statement, which also called on Iran to release US citizens wrongfully detained or missing in Iran.

Business

Mercedes home storage batteries coming to the US

For Vivint Solar, which has a proven track record of installing solar energy systems in more than 100,000 homes across the United States, this is the first collaboration to integrate batteries with its offering. Starting in Q2, California residents will be able to purchase (or finance the purchase of) the cells, though the offer is now only valid for new Vivint customers.

Business

Severe Storms Including Tornadoes Possible Thursday

Another person was killed in Elk City, where a tornado destroyed at least 40 homes, according to the Associated Press. He estimated the park had almost 50 homes. The Barron County Sheriff's Department says all other residents of the mobile home park are accounted for. "The tornado traveled easterly through the county, touching down in several places.

Business

United Kingdom unemployment dips to lowest rate since 1975

Economists polled by Reuters had expected the rate to remain at 4.7 per cent. LONDON, May 17 (Reuters) - British pay growth has fallen behind inflation for the first time in two-and-a-half years, underscoring the growing Brexit squeeze facing many voters ahead of June 8 national election, official data showed on Wednesday.

Business

White House delays meeting on Paris climate deal

US officials plan to meet Tuesday in Washington to discuss whether to withdraw from the Paris deal that Trump has said he would "cancel" - or find a way to back away from emissions targets set by the Obama administration. With the rest of the world on tenterhooks ever since, Trump has said he will make his decision before the next G7 meeting on May 26-27 in Sicily. Now, China is among a bunch of countries, along with the European Union, that have specifically and officially asked the Trump ...

Business

Surprise tax increases in 2017 Australian budget

There's fairness and opportunity, just not much security. Where once the Budget night catch phrase was "sharing the wealth", in recent years it's been "budget repair" and, as Joe Hockey found in 2014, getting it wrong can have devastating political consequences.

Business

French president talks to Putin, faces media troubles

More than 20 French media organizations have signed an open letter to France's new president, Emmanuel Macron , to express concerns about restrictions on coverage. By becoming president with no established party backing he has already thrown traditional party loyalties into the air, and early poll predictions show his start-up Republic on the Move (REM) party will have more lower house seats than any other.

Business

US officials criticize Turkey after attack on DC protesters

He suggested that lawsuits should be filed if the responsible bodyguards can be identified. The protesters were chanting anti-Erdogan slogans as he entered the embassy on Tuesday after meeting with President Donald Trump. For their part, the Turkish Embassy blamed the violence on the protesters, the AP reported. That Mr.Erdogan has unfortunately been successful in stifling dissent in Turkey doesn't give him license to come to this country and attack one of its most basic, and cherished, ...


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