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Oil prices soar as KSA, Russia back extension of output cut

Oil prices extended gains on Tuesday after top producers Saudi Arabia , Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut. OPEC's six-month oil production cuts expire in June, and the thought had been that the group would extend cuts for another six months at its meeting May 25 in Vienna.

Business

Army chief meets Jaitley, briefs him on situation in Kashmir

The bodies of two attackers killed by the Indian Army is said to be lying near the Line of Control at the moment. The attack was carried out by the Border Action Team (BAT), which generally comprises Pakistani army personnel and terrorists, in Krishna Ghati Sector in Poonch district.

Business

Ladbrokes Coral Group PLC (LAD) Stock Rating Reaffirmed by Berenberg Bank

The stock rose 0.55% or $0.16 reaching $29.17 per share. About 30,965 shares traded. It has by 0.00% the S&P500. In a an analyst note sent to investors and clients today, JP Morgan Cazenove lowered shares of Land Securities Group (LON:LAND) to a "Neutral" rating.

Business

G-7 on same page as G-20

During his presidential campaign, Trump charged that past administrations had failed to take a tough stand on enforcing trade agreements and this failure had cost millions of good-paying factory jobs and resulted in an enormous US trade deficit.

Business

Average True Range of Marvell Technology Group Ltd. (NASDAQ:MRVL) stands at0.43

SKOLDS JOHN L also bought $91,967 worth of NextEra Energy Inc (NYSE:NEE) shares. Since December 5, 2016, it had 2 insider buys, and 6 selling transactions for $15.43 million activity. While looking at the Stock's Performance, Marvell Technology Group Ltd. now shows a Weekly Performance of 9.96%, where Monthly Performance is 8.33%, Quarterly performance is 4.81%, 6 Months performance is 13.76% and yearly performance percentage is 67.63%.

Business

Republican wins Montana special election despite assault charge

Now, it's become a test of whether a candidate's behavior is more important than partisan leanings. " Greg Gianforte just body slammed me and broke my glasses", Jacobs tweeted before news of the incident went viral on social media.

Business

How Does Wells Fargo & Company (WFC) Stack Up Right Now?

It has underperformed by 16.70% the S&P500. Livforsakringsbolaget Skandia Omsesidigt acquired 375,440 shares as Wells Fargo & Co ( WFC)'s stock declined 8.66%. 49,203 are held by Tower Capital Lc (Trc). Tcw Grp Inc Inc invested in 13,850 shares. 8,228,820 shares of the stock traded hands. Analysts await Verisign, Inc.

Business

GST rates finalised, education and healthcare exempted

However, taxes on certain others, like telecom, would go up from July 1, by when the government plans to implement to uniform regime. AC train travel will attract 5 per cent service tax , same as freight levy. Earlier these manufacturers were in a lower tax bracket. We had submitted to the Govt that consideration must be given to the present financial condition of the sector and any rate beyond the existing rate of 15% makes the telecom services more expensive for the consumer.

Business

Sirius XM Holdings Inc. (SIRI) Stake Raised by SG Americas Securities LLC

The -based Avenir has invested 0.01% in Sirius XM Holdings Inc . (NASDAQ: SIRI ) or 397,196 shares. Cornerstone Capital Mgmt Ltd Liability Corp has invested 0.02% in Sirius XM Holdings Inc . The other 10, though not evenly; between analysts who think you should buy Sirius XM Holdings Inc . More notable recent Sirius XM Holdings Inc . After $0.04 actual earnings per share reported by Sirius XM Holdings Inc .

Business

BTG plc (BTG) Given "Hold" Rating at Peel Hunt

In other Admiral Group plc news, insider Annette Court acquired 2,150 shares of the firm's stock in a transaction on Wednesday, March 8th. Shares of Ashmore Group plc ( LON:ASHM ) traded down 0.29% during trading on Tuesday, hitting GBX 348.00.

Business

Trump ignores Pakistan's sacrifices, terms India victim of terrorism

The Saudi king also felicitated Donald Trump with their highest civilian order. CNN reported that Trump had not gotten much sleep during the first stint of his foreign trip. He spoke on condition of anonymity pending a formal government announcement. "We're going back to this old idea that the USA should support autocrats in the Middle East because it's in our interest", said Mara Liasson, national political correspondent for NPR.

Business

U.S. sanctions Iran officials, Chinese network over missile program

This may be meant to "undercut the impression that Trump is softening on Iran", The Associated Press wrote. Stuart Jones , the top usa diplomat in charge of the Middle East, said the U.S.is still forming a "comprehensive Iran policy" that includes Iran's support for Syrian President Bashar Assad's government and militant groups in Lebanon, Iraq and Yemen.

Business

Manchester attack: Police hunt for Salman Abedi's 'network'

The BBC reported that police have stopped sharing information with the US after leaks to the media . Police on Tuesday named British-born Salman Abedi , 22, as the perpetrator of the bombing at the Manchester Arena indoor venue at the end of a concert by USA pop singer Ariana Grande on Monday, attended by thousands of children and teenagers.

Business

Moody's downgrades Hong Kong after China ratings cut

Moody's Investors Service yesterday downgraded China's credit ratings yesterday for the first time in almost 30 years, citing concerns about the country's rising debt and slowing growth, but Beijing rejected the downgrade as inappropriate.

Business

Alleged Manchester bomber phoned mom before attack, said 'forgive me'

British officials are particularly angry that photos detailing evidence about the bomb used in the Manchester attack were published in The New York Times , although it's not clear that the paper obtained the photos from US officials. Dozens were also wounded in the incident. It's not just the British who are expressing outrage, either. Queen Elizabeth II visited Royal Manchester Children's Hospital on Thursday to talk to some of the concert blast victims.

Business

Pope "terrific", Saudi "spectacular": Trump waxes lyrical on foreign tour

Outside of a grinning trump, first daughter Ivanka , first lady Melania and the pope himself are all stone faced and appear to be unimpressed. The audience took place in the private library of the Apostolic Palace, the lavish papal residence that Pope Francis does not use, having opted instead for modest lodgings in a guesthouse for visiting clerics.

Business

Macron unshaken by Trump power grip

Trump, on his first overseas trip as USA president, on Thursday met with European Council President Donald Tusk and Juncker, before holding a lunch meeting with Macron. Trump's latest handshake with the newly elected president of France today is seen as rather odd and it has spawned some rather weird headlines. In Trump and Macron's case, the two gripped their hands with such powerful strength that their knuckles turned that pasty white color.

Business

Yamana Gold (AUY) Given Daily News Impact Score of 0.32

Royal Bank of Canada cut their price objective on shares of Yamana Gold to C$5.00 and set an "outperform" rating for the company in a report on Tuesday, February 28th. On average, equities research analysts forecast that Yamana Gold will post $0.05 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th.

Business

Mulvaney defends Trump Administration's FY 2018 budget before Congress

Because Trump largely leaves alone Social Security or Medicare, he's proposing deep cuts to other so-called mandatory programs such as Medicaid, the government insurance program for the poorest and many disabled Americans. Trump's budget cuts also target welfare programs for low-income women (and children), such as the Supplemental Nutrition Assistance Program (food stamps) and the Women, Infants, and Children (WIC) nutrition program .

Business

Greg Gianforte keeps low profile; Montana votes

Ryan Zinke left his congressional seat earlier this year to be President Donald Trump's secretary of the Interior . The political race is largely viewed as a referendum on Trump's presidency and the GOP as a whole. But Gianforte brushed Jacobs off and then suddenly "body-slammed" him onto the ground, breaking his glasses, Jacobs says. Acuna, her field producer and photographer then "watched in disbelief as Gianforte began punching ( Jacobs ) as he moved to top of the ...

Business

Saudi Arabia, UAE Promise to Donate $100Mln to Ivanka Trump's Foundation

Using the word " Islamic ", a reference to the religion, in the same breath as "terrorism" could be seen by Muslims as an affront to their faith and actually play into the terrorists' " clash of civilizations " narrative - reasons why President Barack Obama assiduously avoided the combination during his presidency.

Business

Trump rebukes North Atlantic Treaty Organisation leaders for not paying military bills

President Donald Trump's first appearance at a summit of the alliance's leaders. As a presidential candidate, Trump railed against NATO's financial burden-sharing, suggesting the USA might only come to the defense of countries that meet the alliance's guidelines - for committing 2 percent of their gross domestic product to military spending.

Business

Web of tracks, switches complicates NY Penn Station summer repairs

Officials allowed reporters onto Penn Station tracks for the first time Thursday to look at the repairs that need to be made to reduce future derailments and other delays. It's the spot where dispatchers route trains to the station's 21 tracks via switches. "Clearly, the suspension of the Morris & Essex Line's Midtown Direct Service to New York Penn Station .

Business

Donald Trump's budget losers

That is, it claims that the same $2.06 trillion can be used to both reduce the budget deficit and simultaneously pay for Trump's proposed tax cuts, according to a report by Axios . According to U.S. Department of Agriculture figures, bedrock Republican states that Trump won have long food-stamp rolls: 3.8 million people in Texas, 682,077 in Vice President Mike Pence's home state of in, 815,000 in Alabama and 1.6 million in Georgia, for example.

Business

Tiffany Declares 50 Cent Quarterly Dividend

Welch & Forbes LLC now owns 36,080 shares of the specialty retailer's stock worth $2,621,000 after buying an additional 6,160 shares during the period. Tiffany & Co. (NYSE:TIF) yearly performance is 33.17% and net profit margin is 11.10%. TIF has been the topic of a number of other research reports.

Business

GOP holds on to win Montana House seat

He attacked Gianforte as a transplant from New Jersey - Gianforte moved to the state in the 1990s - which was a potent issue during the gubernatorial race but not enough to get Quist across the finish line. He said of the politician's account "The only thing that is factually correct.is my name and place of employment". Three of Montana's biggest newspapers pulled their endorsements of Gianforte but did not endorse his opponents.

Business

Dhola-Sadiya: PM Narendra Modi inaugurates India's longest river bridge in Assam

It is 3.55 km longer than the Bandra-Worli sea link (5.6 km) in Mumbai , making it the longest bridge in India. It is located 540 km away from Assam capital Dispur and 300 km away from Arunachal Pradesh capital Itanagar. "Then soon govewrnment changed and the work on the bridge kept on getting delayed", he added while taking a dig at UPA regime. The Steel Authority of India Limited has supplied around 90 per cent, or around 30,000 tonnes of steel, including TMT, structurals and plates, ...

Business

Trump son-in-law Kushner under FBI scrutiny in Russia probe - media reports

The statement from attorney Jamie Gorelick was issued amid reports that the FBI was investigating meetings Kushner had in December with Russian officials. The remark appeared to be in reference to Flynn. Representative Adam Schiff , the ranking Democrat on the House Intelligence Committee, said he planned to issue the subpoenas this week, as part of his committee's investigation into Russian meddling in the United States election.

Business

Hands off election, ex-CIA director says he warned Russia

The attempts to compel Mr Flynn to produce documents were another sign of the intense focus on Mr Trump's former national security adviser, who was sacked in February after the White House said he misled administration officials, including vice president Mike Pence, about his contacts with Russian officials.

Business

Texas Schools Likely Stuck With 'Byzantine' Finance System After 85th Legislative Session

The Kansas House is planning to debate a proposal to increase the state's spending on public schools before it considers a plan for raising taxes to pay for it and fill holes in other parts of the budget. The Kentucky Republican calls that statute "unsustainable". "I am disappointed that the Democrats have chosen to continue their dithering while New Mexico's private sector collapses", Harper said in a statement.

Business

OPEC agrees to extend oil production cut for nine months

While the earlier announcement helped lift prices from a low of $46, on Thursday, however, prices slipped almost 1.5 per cent. Brent crude oil , the worldwide benchmark, also dipped to $51.71 or 4%. "But this is all they could get, and that's disappointing to the market". OPEC members typically do not comply with quota agreements, and USA shale producers are likely to continue flooding the market, according to Tortoise Capital Advisors.

Business

Congressman and former MMA fighter weighs in on reporter 'body slam'

GOP lawmakers emerging from a closed-door caucus meeting on Capitol Hill on Thursday said they didn't know the facts about Republican Greg Gianforte being charged with misdemeanor assault . Rep. Steve Stivers of OH, who chairs the House GOP campaign committee, said: "From what I know of Greg Gianforte , this was totally out of character, but we all make mistakes".

Business

OPEC extends agreement on oil production cut

Falih told reporters at the start of the meeting at the headquarters of the Organization of the Petroleum Exporting Countries that this was "almost certain.to do the trick". West Texas Intermediate was off 46 cents at $50.90 per barrel. "In our view, OPEC will no longer be able to stabilise prices at or above $55 per barrel", Andlauer said, calling OPEC's way of looking at the market "old- fashioned".

Business

Crude below $50 as OPEC disappoints with 'safe bet' extension

The cuts are likely to be shared again by a dozen non-members led by top oil producer Russian Federation, which reduced output in tandem with the Organization of the Petroleum Exporting Countries from January. With the deal due to expire at the end of June, one participant said the group had opted for a nine-month extension. The agreement proved to be partially successful, as it managed to keep the prices oil prices above $50 per barrel, giving a fiscal boost to major producers.

Business

China stocks end week higher, state-led buying offsets Moody's downgrade

The finance ministry denied that growth would suffer while a front-pade editorial in the People's Daily called Moody's "sloppy" and said the agency decision was based on inappropriate methodology, exaggerating difficulties facing the economy and underestimating the government's reform efforts.


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