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Crude posts further gain in Asia after suprise USA stocks draw

But prices, however, slumped in recent weeks due to rising US production, which undermined the OPEC-led efforts to reduce a global crude glut. The EIA said it expects domestic crude production to rise by more than expected in 2017 to 9.31 million bbl/d from 8.87 million bbl/d in 2016, a 440,000 bbl/d increase.

Business

Former asst. special counsel: Don't expect public updates

The timeline was further muddled Thursday when Democrats emerged from a closed-door meeting with Rosenstein saying he knew Comey would be removed prior to writing the memo, even as Trump insisted again that he had gotten a "very, very strong recommendation from Rosenstein".

Business

Oil rises as investors expect output cut extension next week

Wednesday's report also showed that United States crude imports climbed 577K barrels per day last week , whereas exports advanced 400K barrels per day. OPEC and other producers are due to discuss an extension during an OPEC meeting on Thursday. West Texas Intermediate for June delivery rose as much as 37 cents to $49.03 a barrel on the New York Mercantile Exchange, and was at $48.87 at 1:27 p.m.in London.

Business

Kushner called Lockheed CEO about $100B Saudi arms deal

Still, no major American news organization has reported that Kushner is the person described in the Washington Post story. As his guests watched slack-jawed, Ms. "It's more normal for them than any previous administration". Trump has tasked Kushner with brokering a peace agreement between Israel and the Palestinians.

Business

Alibaba's quarterly revenue beats estimates

Alibaba's total revenue rose about 60% to 38.58 billion yuan ($5.60 billion) in the quarter ended March 31, compared to an average forecast of 36 billion yuan according to Thomson Reuters. Core commerce revenue surged 47 percent to 31.57 billion yuan with the business delivering operating income of 16.5 billion yuan, the company said.

Business

United States inventories of oil, gasoline fall in latest week

August Brent crude oil settled at $52.67, up $0.23 or +0.44%. Diesel futures rose 3.74 cents, or 2.4%, to $1.5827 a gallon. Brent crude slipped by 17 cents to $52.04 a barrel, while the U.S. "We shall consider this issue in Vienna", Boutarfa told reporters. "Crude stocks are still higher than last year's stock levels ..." An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude ...

Business

Nebraska welcomes trade deal to feed China's taste for beef

The conditions must be consistent with global food safety and animal health standards and the 1999 Agricultural Cooperation Agreement. They agreed a deal needed to be reached within 100 days or by July 16. It's trying to export and invest overseas where there are nearly no barriers while limiting access to its own markets, which hurts USA industries. "This is more than has been done in the whole history of US-China relations on trade ", Ross said.

Business

DC reporter: I was manhandled after trying to ask FCC officials questions

Donnelly said security guards at the FCC had been "shadowing" him all day, and when he approached O'Rielly and Pai to ask a question, he said two guards forced him against a wall and held him there until the officials passed. During the altercation, Donnelly said guards asked him why he didn't ask his question during the formal news conference. The incident comes amid concerns about press freedom and access to Trump administration officials.

Business

United Nations orders Pakistan not to execute Indian man accused of spying

Sixty-one-year-old Salve is one of India's most expensive lawyers took up the case at just 1 rupee and represented Jadhav in The Hague. Shaiq Usmani, a retired judge of Pakistan's Supreme Court, told the media that Jadhav's case will go on in Pakistan until the ICJ gives it final decision.

Business

Former congressman Anthony Weiner to plead guilty in sexting case

Mr. Weiner will plead guilty to a single charge of transferring obscene material to a minor, pursuant to a plea agreement with the United States attorney's office in Manhattan, one of the people said. He added that Weiner remains "focused on his recovery". Weiner's brother was the only family in court to watch as he said he "hit bottom" and began therapy.

Business

FCC moves forward with plan to scrap net neutrality protections

Finally, the approved measure proposes the agency to eliminate the net neutrality rules - the rules that ban the blocking and slowing of websites, as well as forbid Internet provides from charging websites additional fees. "As long as there are protections in place to make sure there is not content based discrimination and to ensure people get Internet access, I think the free market and the new chairman have the better argument", Henry told us.

Business

Chico's FAS, Inc. (CHS) PT Set at $14.00 by Jefferies Group LLC

The consensus analysts recommendation at this point stands at 2.50 on Chico's FAS, Inc. Telsey Advisory Group maintained it with "Market Perform" rating and $14 target in Wednesday, November 25 report. Chico's FAS's dividend payout ratio is 76.19%. ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives.

Business

Eleven Chanticleers Earn Trip to NCAA East Preliminary

With Kibet and Rotich in the qualifying number, 2017 marks the first time Tulane will send two men to regional competition since the 2012 season, with Rotich becoming the first male in school history to compete in more than one event. Her last individual appearance at an NCAA meet was the 2016 indoor championships where she was the runner-up in the Mile and a second team All-American in the 3000 meters.

Business

What's Fueling Investor Confidence? - Hertz Global Holdings, Inc. (HTZ), ImmunoGen, Inc. (IMGN)

The company reported its EPS on 05/08/2017. Deutsche Bank AG reiterated a "hold" rating and issued a $24.00 target price on shares of Hertz Global Holdings in a report on Wednesday, March 1st. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth. The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.94 billion.

Business

S. Arabia, Russia Signal Oil Cuts Extension Into 2018

Higher crude output from the United States should limit any upside to global oil prices through the end of 2018, the USA government said on Tuesday. OPEC meets on May 25 and the group's ministers have been talking up the chances of more production cuts. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $46.87 per barrel, up 65 cents, or 1.4 percent from the last close.

Business

GST Council meet from Thursday to fix rates on goods, services

With the GST Council meeting on Thursday and Friday to finalise the rules pertaining to various aspects of GST, industry leaders and tax experts have raised several issues that the Council must look at. Tax rate which is closest to the present incidence of tax on a good or service will be chosen with a view to keeping the shift from the present regime of excise duty plus VAT or service tax to GST regime neutral for consumers.

Business

America First Keeps G-7 on Toes as Mnuchin Says They Understand

But Mnuchin said trade was discussed "a lot" and his counterparts have become "more comfortable" with the administration's agenda. Mr Mnuchin said the opening-up of the market for beef sales to China was a "huge deal" for the administration and for U.S.

Business

UK's May promises voters immigration curbs, fairer society

The manifesto outlines five main challenges, one is "Brexit and a changing world", as the text unwittingly makes the case for remaining in the EU: "As there is increasingly little distinction between domestic and worldwide affairs in matters of migration, national security and the economy, Britain must stay and strong and united - and take a lead in the world to defend our interests".

Business

Drax Group Plc (DRX) Lifted to Buy at Jefferies Group LLC

Among 17 analysts covering ON Semiconductor Corp. The consensus target price is 1,376.00GBX with 3 firms rating the stock a strong buy, 5 firms rating the stock a buy, 13 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

Business

Does $7.27 justifies Spirit Realty Capital, Inc. (SRC) shares?

JPMorgan Chase & Co. downgraded Spirit Realty Capital from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $13.00 to $9.00 in a research note on Thursday, May 4th. TheStreet downgraded shares of Spirit Realty Capital from a "b-" rating to a "c+" rating in a research report on Wednesday, March 15th. The stock touched 52-week High of $13.31 on 08/04/16 and 52-week Low of $6.64 on 05/04/17.

Business

Instagram ranked worst social network for young people's mental health

Overall, Snapchat and Instagram received the lowest scores. However, the leader of the UK's psychiatrists said the findings were too simplistic and unfairly blamed social media for the complex reasons why the mental health of so many young people is suffering.

Business

North Korea links nuclear advances to hostile United States policy

South Korea's Unification Ministry deems that reopening of communications with North Korea is a good idea. Symantec and Kaspersky Lab said on Monday that some code in an earlier version of the WannaCry software had also appeared in programs used by the Lazarus Group, which researchers from many companies have identified as a North Korea-run hacking operation.

Business

Green Machine is back, Deere posts a big 1Q and ups outlook

Industry sales for agricultural equipment in the USA and Canada are forecast to be down about 5 percent for 2017, reflecting weakness in the livestock sector and the continuing impact of low crop prices. Analysts on average were expecting earnings of $1.68 cents per share on revenue $7.32 billion, according to Thomson Reuters. Its adjusted revenue was $7.26 billion, which also topped Street forecasts.

Business

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Iraq and Algeria said they were in favor of extending that deal, which cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year. Global oil prices recently dipped briefly under USD 50 dollars per barrel for the first time since OPEC and Russian Federation scaled back output as concerns whether the deal would be renewed and the impact of rising output in the United States weighed on the market.

Business

Global Oil Supplies Inch Down In April: IEA

Global benchmark Brent increased by as much as 3.3 per cent to US$52.52 a barrel on ICE Futures Europe and West Texas Intermediate climbed by up to 3.4 per cent, to $49.45 a barrel on the New York Mercantile Exchange. The country's oil minister said last week Iraq would support a six-month extension. "That said, we are sceptical about Russia's willingness to actively participate in any extended cuts".

Business

Fiat Chrysler in talks with government over diesels

The company said it will also seek permission to modify the 2014-2016 versions of the diesels that are in dispute to end the standoff with federal regulators. Governments the world over have started investigations into Volkswagen and other diesel manufacturers that might be cheating on tests. The company already faces accusations in Europe that its cars produce far more nitrogen oxides in normal driving than during tests.

Business

Steven Mnuchin at G7: 'We don't want to be protectionist'

BARI, Italy Japanese Finance Minister Taro Aso said on Saturday that he was gradually seeing the course of USA economic policies after a two-day gathering of Group of Seven financial leaders in the southern Italy. Group of Seven finance chiefs signed up to a pared-down pledge on global trade as the presence of Donald Trump's administration of the world stage continued to redefine the established economic order.

Business

Merkley Agrees NAFTA Needs Renegotiated, But Wary Of Trump Administration

Lighthizer, who is the administration's main trade negotiator and whose confirmation process dragged on until last week, said that the pact had been successful for some industries, such as agriculture, but that for others, such as manufacturing, it had not.

Business

How Salesforce Won on Earnings

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for salesforce.com, inc. the EPS stands at 0.28 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.26, suggesting the stock exceeded the analysts' expectations.

Business

Coca Cola HBC AG (CCH) Stock Rating Reaffirmed by Jefferies Group LLC

Chesley Taft & Associates LLC's holdings in The Coca-Cola were worth $9,659,000 as of its most recent filing with the SEC. It fall, as 76 investors sold KO shares while 623 reduced holdings. The Coca-Cola's dividend payout ratio is 93.33%. "Increases Stake in The Coca-Cola Co (KO)" was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem.

Business

Snap shares tank 23 percent after reporting $2.2 billion net losses

The company's expenses after going public, however, face it with a long-term challenge to become profitable again and have sparked worries among investors. It wasn't just the Snaps that were disappearing on Wednesday. And now with Snap, with our company, we believe that everyone is going to develop a camera strategy because I think we really help people understand how valuable the camera is.

Business

Ross Stores, Inc. (ROST) Updates Q2 Earnings Guidance

They noted that the move was a valuation call. Finally, Jefferies Group LLC increased their price target on Ross Stores from $59.00 to $63.00 and gave the company a "hold" rating in a research report on Wednesday, March 1st. The ex-dividend date of this dividend is Friday, June 2nd. The Return on Equity ratio of Ross Stores Inc . Taking a look back at some historical performance numbers for Ross Stores, Inc .

Business

Comey Testimony Before Lawmakers in Doubt After Special Counsel Named

Mueller will have sweeping powers and the authority to prosecute any crimes he uncovers. On Wednesday, a deputy attorney general named former FBI Director Robert Mueller to lead the Russian investigation. Rosenstein said the Mueller appointment was "necessary in order for the American people to have full confidence in the outcome". In Rosenstein's meetings with lawmakers, he reiterated the scathing critique laid out in his memo concerning Comey's handling of the investigation into ...

Business

Oil market seesaws over U.S. supply increases, OPEC cut

USA crude oil was up 32 cents, or 0.7 per cent, at $49.67 a barrel, after finishing the previous session at $49.35 a barrel, the highest close since April 26. U.S. crude inventories fell by 1,8-million barrels for the week to May 12, less than the of 2,4-million barrels that had been forecast. And analysts now say U.S.

Business

Ford to cut 10 percent of global workforce

Ford Motor Co is planning to shrink its workforce of salaried employees in both Asia and North America by as much as 10% in its attempt to boost its profits and its sliding price of stock, said sources familiar with its plans. Michelle Krebs, an analyst with AutoTrader, said Ford may be taking a prudent action to prepare for declining USA industry sales. In January, Ford also added 700 MI jobs, following criticism from Trump over plans to increase production in Mexico.


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