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Saudi oil minister confident in extension of production cuts

Extending the cuts at already agreed-upon volumes is needed to reach the goal of trimming global stockpiles to the five-year average, Kuwait's Oil Minister Issam Almarzooq said in an emailed statement on Tuesday. OPEC production cuts and the prospect of more expensive oil are pushing India to consider US and Canadian suppliers, as well as encouraging it to turn to renewable energy , the country's petroleum and natural gas minister said on Monday.

Business

Germany, France pledge new effort to strengthen eurozone

French Finance Minister Bruno Le Maire said the working group would look at issues such as promoting fiscal convergence, coordinating economic policy and exploring investment projects aimed at boosting growth and lowering unemployment. With Germany's economy - Europe's largest - outperforming that of France, the traditional Franco-German engine at the heart of the European Union that has often misfired in recent years.

Business

Trump visits Israel in search of revived peace process

Later on Monday, he will pray at Judaism's Western Wall and visit the Church of the Holy Sepulchre in Jerusalem, and on Tuesday he will travel to Bethlehem. President Trump talks with Western Wall Rabbi Shmuel Rabinowitz, center, in the plaza in front of the Western Wall. During his Saudi Arabia visit, Tillerson on Saturday said he hoped the re-election of Rouhani would prompt changes to Tehran's approach to "terrorism and human rights".

Business

GST will slash prices of smartphones and medical devices, says government

Further, the GST Council has approved an exemption up to a consideration for admission of Rs 250 per person. As against this, the rate of GST approved by the GST Council on these services is 18 percent. So, it would be interesting to see whether the government is willing to bend on GST rates for mobile phones to come in rescue for Make In India . "Higher tax rate and non-availability to input tax credit defeats the whole objective of Honourable Prime Minister's vision of "One Nation, One ...

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Wyoming Gas Prices Down, Oil Prices Up

Analysts expect prices to begin chugging in the opposite direction this week as the Memorial Day travel weekend draws near. "The expected spike in Memorial Day travel mirrors the positive growth seen throughout the travel industry this year", said Bill Sutherland, AAA senior vice president, Travel and Publishing.

Business

Trump tests waters for Mideast peace in meeting with Abbas

Israel took control of the Old City after the Six Day War in 1967 and Israelis consider it, and all of Jerusalem, to be the capital of Israel, though Tel Aviv is recognized as the capital by the global community. The watered-down words marked a departure from Mr Trump's more bombastic comments during Mr Netanyahu's visit to the White House in February. Where Trump's approach to the conflict has markedly differed from that of past presidents is in how he has staffed the team of top ...

Business

US appeals court grills lawyers on Trump's revised travel ban

For the second time in a week, government lawyers will try to persuade a federal appeals court to reinstate President Donald Trump's revised travel ban - and once again, they can expect plenty of questions about whether the ban was created to discriminate against Muslims .

Business

Trump Proclaims 'New Reason To Hope' After Landing In Israel

He appealed to Muslim nations to ensure that " terrorists find no sanctuary on their soil" and announced an agreement with Gulf countries to fight financing for extremists. America, he said, had suffered repeated barbaric attacks, from September 11 to the Boston bombings and the Orlando attack. Trump's "America first" philosophy helped him win the 2016 election and has rattled allies who depend on United States support for their defence.

Business

Manchester terror attack: What we know

At least 22 people died in a suspected suicide bombing at a pop concert in the British city of Manchester this morning. Witnesses reported hearing a huge bang at a music venue in northern England where U.S. The UK teen had seen Ariana Grande perform at Manchester Arena on June 4, 2015 and was lucky enough to score a meet and greet with the star. "It was chaotic.

Business

Merkel's Christian Democrats beat rivals in German state election

Who is going to rule this region? France and Germany have traditionally been the motor of European integration. She's due to host French President Emmanuel Macron in Berlin tonight for their first meeting after his inauguration. Her party, she said, offers "justice in the sense of jobs, strong budgets, funds for local communities". She added that "the big issue of security" will also be an important election theme.

Business

President Trump Makes Historic Visit To Old City Of Jerusalem

Then there's the controversy of Trump reportedly sharing Israeli intelligence with the Russian foreign minister. I believe that a new level of partnership is possible and will happen - one that will bring greater safety to this region, greater security to the United States, and greater prosperity to the world.

Business

Tim Tebow ends a weeklong slump with home run, RBI double

Tebow homered and doubled, driving home two runs for the Fireflies. Tebow has one of the biggest fan bases of any minor league player, which was built during his college and NFL football days. Tebow added a second hit on Sunday, finishing 2-for-4 with a homerun, two RBI and a run scored. There's obviously a lot of development still to take place for Tebow, but he has had a few hot streaks this season.

Business

Trump visits Jerusalem to seek paths to Israeli-Palestinian peace

Israeli Prime Minister Benjamin Netanyahu called Trump "a true friend" to Israel and sounded hopeful notes about the president's role in the Middle East peace process. The Western Wall is part of the structures built by Herod as part of the Second Jewish Temple and is among the holiest sites in the Jewish faith. "Most importantly, the United States and Israel can declare with one voice that Iran must never be allowed to possess a nuclear weapon - never, ever - and must cease its deadly ...

Business

I'm not picking a fight with the banks: Australia Treasurer tells CNBC

On Thursday night, federal senator Derryn Hinch outlined details of a letter he wrote to the AFP asking for an investigation. "Today, officials from Treasury will meet with officials from the banks and work through the details and I think that's important to do in a sober and considered way, and I think I'd be very surprised if the banks were to take a different approach".

Business

22 killed in terror blast at United Kingdom pop concert

Children were among the dead, police said . "The priority is to establish whether he was acting alone or as part of a network", Hopkins said. Hours after the attack police said they were carrying out a "precautionary controlled explosion in Cathedral Garden".

Business

QUALCOMM Incorporated (QCOM) Traders Should Start Listening to Analysts

Sigma Inv Counselors Inc has 0.39% invested in QUALCOMM, Inc . (NASDAQ: QCOM ) or 1,000 shares. Acceleron Pharma Inc.'s stock has performed at 0.16%. Royal Bank of Canada reaffirmed their sector perform rating on shares of QUALCOMM, Inc . Qualcomm has been feeling the heat ever since the lawsuit erupted, with its stock down almost 9.4% since Apple's original complaint was filed on January 20.

Business

Ariana Grande "broken" in tweet after Manchester attack

He added: "This is an attack on innocents". - Russian President Vladimir Putin said he was ready to boost anti-terror cooperation with Britain in a condolence message to Prime Minister Theresa May over the "inhuman" attack in Manchester, the Kremlin said Tuesday.

Business

Christie: I wouldn't let Flynn 'in the White House'

Flynn resigned from his role as National Security Adviser in the Trump Administration after it was revealed that, contrary to his initial statements, he had discussed sanctions in a December phone call with Russian Ambassador Sergey Kislyak.

Business

Celebrities react to Manchester attack

He added: "This is an attack on innocents. Surely there is no crime more reprehensible than the murder of children". "This is a direct and brutal attack on young people everywhere, on freedom everywhere". Oliver Jones, 17, was at the Ariana Grande concert with his 19-year-old sister. "Security was running out as well as the fans and concert goers".

Business

Rouhani vows to continue ballistic missile program

Of the 19 hijackers who allegedly carried out terrorist attacks in the U.S. on September 11, 2001, 15 were Saudi nationals and available evidence suggests some of them were linked to high-ranking Saudi officials. "I hope that the USA administration think about the interests of the American people, regardless of the fact that they are not thinking about the interests of other nations".

Business

UK police: 'a number of fatalities' at Grande concert

At least 22 have been confirmed dead and 59 injured as of 2:30 a.m. ET Tuesday. "That is what is so worrisome about this kind of thing - how simple it is to indiscriminately kill, wound and terrorise innocent people". Eyewitnesses reported hearing a loud "bang" from inside the venue, which was playing host to a concert by American pop star Ariana Grande . Theresa May said her thoughts were with the victims and families of those affected in the Manchester Arena blast.

Business

China, Russia formalise Shanghai venture to build wide-body jet

State plane makers Commercial Aircraft Corp of China Ltd (COMAC) and Russia's United Aircraft Corp (UAC) said at a ceremony in Shanghai the venture would aim to build a "competitive long range wide-body commercial aircraft". But with the China-Russia jet, which Chinese media reports say will be called the 929, Beijing will have the benefit of working with UAC, parent of passenger-jet manufacturer Sukhoi and other established Russian aviation brands.

Business

Adani defers Australian coal project investment decision

The delay of paying government fees has been described as a "royalties holiday", something denied by Adani. Reacting to that, Adani has cancelled its own plans to make its final decision on the project this afternoon. The Queensland Cabinet on Monday deferred a decision on a royalties arrangement with Adani after Trad declared any "royalties holiday" for Adani would break Labor's election pledge of no taxpayer subsidies for the mine.

Business

Melania, Ivanka Trump abstain from wearing headscarves in S. Arabia

The White House has said it doesn't expect any sort of breakthrough on the peace process on this trip. As a presidential candidate, Donald Trump railed against President Barack Obama for failing to utter the words "radical Islamic terrorism".

Business

General Election polls: Labour close in on Tories after manifesto launch

But shadow chancellor John McDonnell told activists in Birmingham there was "all to play for" in the remaining three weeks, declaring: "Let's get out there and win this election , let's carpe diem (seize the day), let's seize this opportunity, with courage and determination, we can win this election despite what they throw at us".

Business

Education secretary pushes school choice, gives no specifics

She is believed to be preparing to unveil an education tax credit scholarship proposal, which the Trump administration has been considering for some time, according to multiple sources who spoke on the condition of anonymity because they were not authorized to discuss it.

Business

Walmart Q1 EPS Up, Tops View; Sees Higher Comps In Q2

And it underscores Wal-Mart's efforts to narrow the gap between itself and online leader Amazon , and widen the distance between itself and other competitors. Wal-Mart has pledged to reverse that trend over the course of the year. COPYRIGHT VIOLATION NOTICE: This article was originally published by Chaffey Breeze and is the property of of Chaffey Breeze.

Business

Donald Trump, Benjamin Netanyahu focus on Iran as common enemy

United States President Donald Trump travelled to Jerusalem yesterday to seek ways to achieve Israeli-Palestinian peace, but also used the visit to lash out at Iran again. Israel has also expressed concern about the $110bn (£84.6bn) arms deal announced between the U.S. and Saudi Arabia on Saturday, with a senior cabinet minister describing the kingdom as a "hostile country".

Business

Pacific trade pact may not be doomed

The ministers have tasked senior officials to work out the options over the next few months to bring the TPP into force expeditiously, the statement added. Mustapa said Malaysia was less keen to continue, but added he would like some clarity on the United States position on the pact. The U.S. withdrawal means the deal would be dead under the current rules given the scale of the country's economy.

Business

19 dead after suspected explosion at Ariana Grande concert in England

The force said in a statement: "This is now being treated as a terrorist incident until police know otherwise". "It was one loud bang - it was so loud", Bruce said. Later at a press conference, Chief Constable Ian Hopkins of the Greater Manchester Police confirmed the explosion was being investigated as an act of terror, and that police had identified a suspect.

Business

Iran foreign minister scorns Trump after speech, arms deal

Rouhani, who fronted Tehran's deal with six major powers in 2015 to curb Iran's nuclear programme in return for the lifting of sanctions, said the USA administration lacked knowledge about the Middle East. "Love your shoes. Boy, those shoes", he said . Ambassador to the United Nations Nikki Haley declared the site part of Israel, while U.S. Secretary of State Rex Tillerson on Monday dodged the question.

Business

Antero Resources Corp (AR) Given a $31.00 Price Target at Scotiabank

News articles about Antero Resources Corp (NYSE:AR) have been trending somewhat negative on Monday, according to AlphaOne Sentiment. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of California Resources Corp during the third quarter valued at about $25,000,000.

Business

Twitter Goes Nuts Over Picture Of Trump Touching a Suspicious, Glowing Orb

President Donald Trump, on the first leg of his first foreign trip as commander in chief, was captured on film Sunday touching a glowing globe with Saudi Arabian King Salman bin Abdulaziz Al Saud and Egyptian President Abdel Fattah Saeed Hussein Khalil el-Sisi - immediately birthing a new meme.

Business

Photo of Trump, Saudi king touching mysterious orb becomes meme

It is not clear why Stone suggested Trump's son-in-law and senior adviser Jared Kushner had anything to do with his decision to accept the Order of Aldulaziz, which was also accepted by former presidents Barack Obama and George W. He told Saudi leaders and the heads of other countries in the region that he wasn't there to "lecture" them. US Treasury Secretary Steven Mnuchin said: "This new Terrorist Financing Targeting Centre will enhance existing tools and cooperation with partners in ...

Business

Dixon takes 3rd Indy pole with fastest speeds in 21 years

Alonso's contract with McLaren is up at the end of the season and allowing him to race in Indy 500 is thought to be part of the plan to convince him to stay. Although the Bourdais-Davison primary vehicle was written off in the fiery crash yesterday, Dale Coyne Racing has a backup machine at the speedway, and the crew will be hard at work transforming it from it's current road course configuration into a auto capable of running the speedway.


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