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OPEC meets to extend oil cuts for up to one year

More than 400 oil rigs are now working USA shale fields, an increase of more than 120 percent compared to a year ago. The latest reductions have been in effect since November, when the Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day.

Business

[LISTEN] MD explains General Motors exit from SA

The announcement came as a surprise to market watchers. Labour union fears of potential job losses following the disinvestment have now been confirmed as GM has started with the required section 189 process (the legal process of retrenchments).

Business

Kejriwal visits hospital, assures of action on irregularities

He said that there had been a "disconnect from the public". The chief secretary has also been asked to issue a phone number on which the public could lodge a complaint in case an officer is found absent during the meeting hours. Mr. Sisodia said the details of the programme will be announced soon. "After June 15, a convention of party workers will be organised in each assembly constituency and the Chief Minister will take part in every convention to strengthen the party's booth level ...

Business

Woman jumps on top of her car to stop thieves

The perpetrator eventually stopped the auto after 15 metres before it and Marian crossed onto the highway. Melissa Smith admits she was fueled by instinct. "This is not happening to me today", Smith said. "(I) didn't see him til I saw him get into my vehicle. The driver tried throwing her off the hood.

Business

Stock Perspective: American Midstream Partners, LP (NYSE:AMID) Earnings in View

Scotia Capital owns 23,188 shares or 0.01% of their U.S. portfolio. The institutional investor held 351,297 shares of the natural gas distribution company at the end of 2016Q4, valued at $26.57 million, up from 36,046 at the end of the previous reported quarter.

Business

Ander Herrera orders Henrikh Mkhitaryan back to box before goal

Pogba also played in the League Cup final victory over Southampton at Wembley Stadium but missed the Community Shield win over last season's Premier League champions Leicester City having only just joined the Old Trafford club from Juve.

Business

Best Buy Co (BBY) Earns Daily News Impact Score of 0.45

Highbridge Limited Liability Co, a New York-based fund reported 22,590 shares. TrimTabs Asset Management LLC boosted its stake in shares of Best Buy Co by 89.1% in the first quarter. Revenues rose 1.0% from previous year to $8.53 billion, also easily topping analysts' view for $8.28 billion. Analysts expected Best Buy to earn 40 cents a share on sales of $8.28 billion in fiscal Q1.

Business

Here's The Deal With That Glowing Orb Trump Touched In Saudi Arabia

The implication here is that a "violent vision of Islam" is now the primary or predominant one, which flies in the face of the reality lived by over a billion Muslims globally. The demonstrations are meant to draw attention to a month-long hunger strike by hundreds of prisoners being held by Israel and to protest what many Palestinians say is unfair US support for Israel.

Business

Iran accuses US of "Iranophobia", arming "dangerous terrorists"

You talk about women and women's rights? The official insisted on anonymity in order to discuss the private meetings. Arriving directly from Riyadh, Saudi Arabia , Trump expressed his hope for cooperation among US allies in the Middle East .

Business

Some GOP Lawmakers Really Don't Like Trump's Proposed Budget Cuts

Sen. Let's be clear about something else: the economic theory President Trump has embraced with this budget, trickle-down economics, is an abysmal failure and a fraud. Wilkins applied for food stamps Wednesday. Many rank-and-file Republicans recoiled from the cuts, however, which would squeeze foreign aid and domestic programmes funded annually by Congress by about 10% next year and 1.4 trillion United States dollars £1.

Business

ValuEngine Decides to Downgrade Investors Real Estate Trust IRET (NYSE:IRET) Stock

Independent Order Of Foresters decreased Hcp Inc (HCP) stake by 25.1% reported in 2016Q4 SEC filing. On Wednesday, March 1 Hedley Mary Lynne sold $697,474 worth of TESARO Inc (NASDAQ:TSRO) or 3,927 shares. It is negative, as 76 investors sold HCP shares while 199 reduced holdings. 40 funds opened positions while 77 raised stakes. Pennsylvania Real Estate Investment Trust was downgraded to " by analysts at Boenning & Scattergood.

Business

Does Trump's Budget Cut Medicaid Funding? No One Seems To Know

The White House made a basic mathematical error when trying to prove that massive tax cuts would pay for themselves and then some, according to a leading economist who advised former President Barack Obama . At a House hearing Wednesday, Democratic Rep. Rosa DeLauro told Perdue that the budget turns the nation's back on the hungry. Lowey said she anxious that Kelly didn't fully understand how important that money is to local jurisdictions, including New York City.

Business

OPEC likely to extend oil output cuts, but price relief elusive

President Donald Trump. USA crude-oil supplies fell by 4.4 million barrels for the week ended May 19, twice what analysts were expecting, while gasoline and other fuel supplies also declined, according to EIA data. Its share of total OPEC net oil export revenues, which was reduced significantly from 2012 to 2015 due mostly to the imposition nuclear-related sanctions, increased to eight percent.

Business

The Australian dollar has dropped after China rating cut

Commenting on the downgrade, PineBridge Investments co-head of Asia fixed income Arthur Lau said the decision was not a shock, given Moody's downgrade of China from "neutral" to "negative" in March. China is now trying to bring debt under control, especially in what is called "shadow banking" which seems to be helping finance the intensifying speculation in commodities (such as iron ore, gold and copper).

Business

OPEC and non-OPEC nations poised to extend output cuts

The upshot is that the price of oil - and derived products like fuel -is unlikely to increase much in coming months, analysts say. Both benchmarks have gained more than 10 percent from their May lows below $50 a barrel, rebounding on a consensus that the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russian Federation, would extend their pledge to cut supplies by 1.8 million barrels per day (bpd) to March 2018, instead of just covering the first half ...

Business

Newark Airport temporarily closes after plane engine fire

United spokesman Jonathan Guerin said air traffic control notified the crew about flames coming from one of the engines of the San Francisco-bound plane. The passengers were ferried back to the terminal and would be put on later flights, he added. According to the Port Authority of NY and New Jersey, emergency response teams are at the scene and no injuries have been reported .

Business

Gold steady as market awaits Fed policy cues

The Pound Sterling to US Dollar exchange rate is now stuck around opening levels as markets await the key US Federal Open Market Committee ( FOMC ) meeting minutes . "My expectations are that the pace of interest rate hikes will be kept steady and stable regardless of the short-term fluctuations in the USA economic data", said Mark To, head of research at Hong Kong's Wing Fung Financial Group.

Business

S&P 500 closes at record following Fed minutes

At 13:02 a.m. ET the Dow Jones Industrial Average . DJI was up 31.98 points, or 0.15 percent, at 20,969.89, the S&P 500 . SPX was up 1.51 points, or 0.06 percent, at 2,399.93 and the Nasdaq Composite . 2 US home improvement chain reported a lower-than-expected profit and comparable sales. Nvidia rose 2.8 percent to $140.80 on a report that SoftBank has built a $4 billion stake in the chipmaker.

Business

What's Ahead for Alexion Pharmaceuticals, Inc. (ALXN) After Making 52 Week Low?

Ibm Retirement Fund reported 0.11% of its portfolio in Alexion Pharmaceuticals, Inc . Ubs Asset Mgmt Americas stated it has 883,694 shares or 0.12% of all its holdings. Including today's unusual volume, Alexion Pharmaceuticals, Inc .'s stock is performing at -5.66% on the year. It has underperformed by 34.82% the S&P500.

Business

Indian cabinet approves policy for strategic partnerships in defence

The Cabinet Committee of Security (CCS) on Wednesday put its stamp on the defence ministry's " Strategic Partnership " model to involve the Indian private companies in the manufacture of four high-tech defence equipment - fighter aircraft, helicopters, submarines and armoured vehicles and battle tanks.

Business

Saudi, UAE pledge $100m to Ivanka Trump's fund for women

The central achievement of Trump's visit to Saudi Arabia was almost $110 billion in deals sealed on Saturday in which Riyadh will buy USA arms to help it counter Iran , with options running as high as $350 billion over 10 years. "But we need two willing parties", he continued. Tillerson referred to the visit as "a moment in time" and suggested that the USA would take a more active role in the future in brokering a deal if both sides make serious commitments.

Business

Republicans' Health Bill Would Leave 23 Million More Uninsured: Congressional Budget Office

Republicans tried to downplay the CBO's score the first time around. But the CBO, which is responsible for analyzing the impact of proposed legislation for Congress, also warned in its latest report that if states made a decision to use the waivers included in the current version of the bill to avoid Obamacare regulations, it could make healthcare unaffordable for their residents with pre-existing conditions.

Business

Stolen Headphones And Littered Compartments, Tejas Express's 1st Trip Is Downright Saddening

It also has several unique features, such as 9-inch infotainment screens for every seat, tea and coffee vending machines, vacuum bio-toilets, automatic doors and hands-free water taps. Sharma appealed to passengers to not steal or damage railway assets as it will affect the quality of onboard services on train. The ticket price varies between 1185 in chair auto to 2740 in executive class.

Business

NATO chief welcomes increased US defense spending in Europe

The alliance has only once invoked Article 5: the day after the terrorist attacks of September 11, 2001, which triggered NATO's participation in the war in Afghanistan . According to a report by BuzzFeed News , Russia will not be on the agenda at this year's alliance meeting (Trump's first since taking office) despite it being an intentional topic of discussion at the last two meetings in Wales and Warsaw.

Business

Who Elects Dr. Tedros As Next Director General

Tedros defeated Dr David Nabarrag of Britain and Dr Sania Nishtar of Pakistan in an election that took place at World Health Organization assembly behind closed doors. With the current rise in disease outbreaks across the world, Spiegel believes that the world needs a strong WHO with a strong leader. "We look forward to working with Dr.

Business

Pressure piles on Brazil's President to resign

That could halt congressional passage of measures needed to pull Brazil from its worst-ever recession, including moves to ease labor regulations and raise the pension age. JBS said in a statement that it bought dollars as part of "a policy of financial protection and risk management". The supreme court has accepted the evidence and authorised the investigation, prompting calls for Temer to resign.

Business

Moody's Downgrades China on Rising Debt Concerns

Credit rating agency Moody's has cut its credit rating for China, Wednesday, May 24, 2017, citing slowing economic growth and rising debt that it says will erode the country's financial strength. According to China's laws on guarantee and budget, local government contingent liabilities include no more than the guaranteed debt they issue using loans from foreign governments or worldwide organizations.

Business

Technical Roundup On Two Stocks - Gilead Sciences, Inc. (GILD), NovoCure Limited (NVCR)

It also upped Us Bancorp Del (NYSE:USB) stake by 21,298 shares and now owns 161,091 shares. Verizon Communications Inc. (NYSE:VZ) was raised too. The institutional investor owned 43,429 shares of the biopharmaceutical company's stock after buying an additional 3,253 shares during the period.

Business

Morgan Stanley Lowers Pure Storage Inc (PSTG) to Equal Weight

Alyeska Investment Group L.P. increased its stake in shares of Pure Storage by 497.3% in the fourth quarter. The stock of Pure Storage Inc (NYSE: PSTG ) has "Mkt Outperform" rating given on Wednesday, December 16 by JMP Securities. COPYRIGHT VIOLATION WARNING: This story was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another site, it was copied illegally and reposted in violation of US & global trademark & ...

Business

In Mideast, Trump pushes shared worries over Iran

Trump's visit Monday was laden with religious symbolism. "He said the war on terror was a 'battle between good and evil, '" the evangelist noted. So while addressing leaders from over 50 Muslim countries in Riyadh on Sunday, he was extremely careful not to hurt the kingdom's sensibilities.

Business

Melania Trump's swat of the President's hand became worldwide news

However he did not mention what has always been the goal of USA diplomacy in the region - a two-state solution to the conflict: Israel and a Palestinian state. Following Trump's main speech in Jerusalem Tuesday, the American Jewish Committee wrote on its twitter account: "Thank you, @POTUS, for your speech at Israel Museum".

Business

Opec cut extension to ease glut by year-end: Algeria

WTI is now trading at $51.8 per barrels and Brent at $2.8 per barrel premium. Oil prices settled a bit higher on Tuesday as expectations of an extension to OPEC-led supply cuts overshadowed a White House proposal to sell half of USA petroleum reserves.

Business

DOJ: No ethics conflict for special counsel in Russia probe

It is unclear if a similar memo was prepared by the Office of the Director of National Intelligence to document Trump's conversation with Coats. His biggest problem stems from his repeated efforts to persuade senior politicians, justice and intelligence officials to help push back against the probe, and his firing of James Comey as Federal Bureau of Investigation director on May 9.

Business

Questions about Russian Federation chase Trump during first Israel visit

That's what an unnamed senior White House official told CNN on Monday , claiming that Trump meant to say "Islamist extremism" but said "Islamic extremism" because he was "just an exhausted guy" by the time he delivered the speech. Trump appeared to have learned that lesson. In adopting the Gulf perspective on Iran, Mr Trump could be assisting a strategy Gulf leaders use when times get hard at home.

Business

Saudi, UAE pledge $100m to Ivanka Trump women fund

U.S. Secretary of State Rex Tillerson , speaking to reporters onboard Air Force One, said the U.S. could provide clarifications to Israel about the disclosure but said, "I don't know that there's anything to apologize for". Netanyahu said that U.S. And on the eve of Trump's visit, an Israeli official said Netanyahu's cabinet has approved confidence building measures with the Palestinians, including allowing building in a West Bank area.


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