Economy

OPEC: when meeting expectations are simply not enough

U.S. West Texas Intermediate (WTI) crude futures CLc1 settled at $49.80 a barrel, gaining 90 cents or 1.8 percent, after hitting an intra-day low at $48.18. The price rise this year has spurred growth in the United States shale industry, which is not participating in the output deal, thus slowing the market's rebalancing with global crude stocks still near record highs. Read More

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Oil inches up in quiet holiday trade

At the Multi Commodity Exchange, crude oil for delivery in July contract was trading higher by Rs 41 or 1.28 per cent at Rs 3,245 per barrel in a business turnover of 4,869 lots. Much of OPEC's success will depend on output in the United States C-OUT-T-EIA, which is not participating in the cuts and where production has soared 10 percent since mid-2016 to over 9.3 million bpd, close to top producer levels Russian Federation and Saudi Arabia. Read More

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Mulvaney defends plans to cut social programs

Mulvaney defends plans to cut social programs

This is the magic of the still-to-be-designed Trump tax cuts. To say otherwise is just dishonest. The President wants legislators to cut at least $610bn (£471bn) from the Medicaid - a healthcare programme for the poor - and more than $192bn (£148bn) from the Supplemental Nutrition Assistance Program (Snap), the modern version of food stamps - as well as several other initiatives. Read More

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Indianapolis 500: Will Power listed with 10/1 odds to win? 5/25/17

Indianapolis 500: Will Power listed with 10/1 odds to win? 5/25/17

Fernando Alonso , of Spain, answers a question during a press conference for the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway, Thursday, May 25, 2017 in Indianapolis. Here we give you a rundown of your viewing options - and a little background on just what the Indy 500 actually is. "It is very different to past year in terms of how late you can brake", said Button, who was one place behind and just 0.035 seconds slower than team-mate Stoffel Vandoorne. Read More

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North Korean leader oversees 'new' weapon system test: KCNA

North Korean leader oversees 'new' weapon system test: KCNA

However, it has never before been tested with an ICBM. President Donald Trump has had phone conversations on the subject with his Chinese counterpart, Xi Jinping, and Secretary of State Rex Tillerson has said the U.S. "Some defects in the weapon system, discovered a year ago, were perfectly overcome to stand the test", KCNA quoted Kim as saying. There are now 32 interceptors housed in silos at Fort Greely in Alaska and four at Vandenberg, in California. Read More

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Woman locked her kids in car trunk while she shopped

Woman locked her kids in car trunk while she shopped

One witness helped the children escape the locked trunk by popping it open with an emergency latch. Their mother Tori Lee Castillo, 39, has been arrested on suspicion of child abuse. "Bawling. They were scared". They quickly realized the noise was coming from a child. One lady took the 2-year-old. Castillo came out of the store before police arrived. Read More

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US to launch 'first-of-its-kind' missile to counter North Korea

US to launch 'first-of-its-kind' missile to counter North Korea

The leader supervised another test of an anti-air guided weapon system in April previous year and the latest seems aimed at verifying improvements made to its surface-to-air missile system. In its 2018 budget presented to Congress this week, the Pentagon proposed spending $7.9 billion on missile defense, including $1.5 billion for the ground-based midcourse defense program. Read More

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Macron says was ready to out-Trump Trump in handshake

During a working lunch in Brussels ahead of the North Atlantic Treaty Organisation summit, President Trump made it clear to Macron he would not announce a decision on the Paris climate agreement prior to the G7, this official told CNN. "Because they attack our young, and very young people", Macron told her. Trump, still in the midst of his first overseas tour, congratulated Macron on his recent election victory. Read More

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OPEC aims to extend supply curbs as oil glut persists

OPEC aims to extend supply curbs as oil glut persists

The alliance is extending its 1.8 million barrel per day supply cut, equivalent to about 2% of global oil production, until the first-quarter of 2018. "Officials from 24 countries deemed it appropriate to extend the deal for nine months as the six-month period does not fully cover the winter season, when prices change frequently", he explained. Read More

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Takuma Sato holds off Helio Castroneves, wins Indianapolis 500

The win marked the ex-Formula One driver's second victory in IndyCar racing- five years after he crashed on the final lap of the race trying to defeat Scotland's Dario Franchitti . "Just a little beaten up there". The rest of the top-10 finishers were 2013 victor Tony Kanaan in fifth, followed by two-time victor Juan Pablo Montoya , Rossi, Marco Andretti (Michael's son), Gabby Chaves and Carlos Munoz . Read More

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High-tech

High-tech "flying" boats battling for America's Cup

While Land Rover BAR showed good speed on Sunday, the US crew's tactician Tom Slingsby made a shrewd call on the third leg of the seven-leg course and Oracle Team USA were able to pass their British opponents for a clear win. Following a closely fought start, Emirates Team New Zealand's pedal power once again looked like it was giving the Kiwi team an advantage as they took a slender 20 second lead over their rivals at Gate 3. Read More

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Asian Markets Mixed, Moody's China Cut Hits Local Stocks

The ministry said in a statement: "It overestimates the difficulties facing the Chinese economy and underestimates the government's ability to deepen supply-side structural reform and appropriately expand overall demand". China's economic growth may face more headwinds in the second half, sparking risk aversion at some point late this year. Hong Kong's Finance Secretary Paul Chan said the credit agency "mechanically" downgraded the city's credit without taking into account fundamentals. Read More

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Merkel: Europe must stay united in face of ally uncertainty

Merkel: Europe must stay united in face of ally uncertainty

Even as Merkel Sunday continued to urge Europe to take responsibility for its own future, she reiterated the need for continued cooperation with other states. Merkel made similar comments shortly after Trump's November election. But EU Council President Donald Tusk said on Sunday he was more optimistic now - compared to after the USA election last November - following Mr Trump's meetings with EU leaders in Brussels . Read More

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OPEC extends cuts in oil output by nine months

OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers, many of which rely heavily on energy revenues and have had to burn through foreign-currency reserves to plug holes in their budgets. It is estimated that the nine-month extension can further increase United States production, which can offset the initiative to rebalance the market. Read More

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Hassan Rouhani re-elected as Iranian president

Saturday evening saw tens of thousands of his supporters celebrating by pouring into the streets of downtown Tehran , setting off fireworks, and singing and dancing until the early hours of Sunday morning. The re-elected Rouhani will also have to navigate a tricky relationship with Washington. The expert pointed to the Iranian nuclear deal and said that since Rouhani does not seek fraction with the United Sates, therefore, there is no risk for the deal's obstruction. Read More

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Arsenal beat Chelsea 2-1 to win record 13th FA Cup

Arsenal beat Chelsea 2-1 to win record 13th FA Cup

If it was, as Antonio Conte claimed, the crushing defeat away to Arsenal last September that shaped Chelsea as champions then this was a final where they lost their shape and lost a man. Now the focus for Arsenal turns toward the summer and what will happen in the transfer market. "I'm especially proud of the way we won this season , in the semi-final we had to play against Man City here and in the final Chelsea here, you can not get tougher and we had two outstanding ... Read More

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KISS cancels concert in Manchester after terrorist attack

A police statement didn't provide any details about why the man was arrested , but noted that the department's investigation of Monday's bombing after an Ariana Grande concert was " fast-moving ". ISIS took responsibility for the bombing early on Tuesday, although their claim has not been confirmed . A third relative, Abedi's older brother Ismail, was arrested in Manchester . Read More

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Reaction to the death of music legend Gregg Allman

He was the lead singer of the southern rock ground The Allman Brothers Band . Allman's rep confirmed to Rolling Stone that the artist died Saturday afternoon. "I'm grateful for every gold record, good review and award I've ever received, but I'm just so into what I'm doing and that's where my focus is". His latest solo release was in 2015 with a live album titled, " Live: Back to Macon, Ga ". Read More

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Pure Industrial Real Estate Trust (AAR) Price Target Raised to C$6.75

Pure Industrial Real Estate Trust (AAR) Price Target Raised to C$6.75

COPYRIGHT VIOLATION WARNING: "Somewhat Critical Media Coverage Extremely Likely to Affect Investors Real Estate Trust (IRET) Share Price" was posted by Markets Daily and is owned by of Markets Daily. Joseph F. Coradino as Chairman and Chief Exec. Officer. Gulf Intl Savings Bank (Uk) Ltd invested in 0.04% or 25,320 shares. Wisconsin-based Oarsman Incorporated has invested 0.71% in QUALCOMM, Inc. Read More

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Vitec Group plc (VTC) PT Raised to GBX 1100 at Peel Hunt

Vitec Group plc (VTC) PT Raised to GBX 1100 at Peel Hunt

About shares traded. TheStreet, Inc. VeriFone Systems Inc (NYSE:PAY) has declined 31.93% since May 24, 2016 and is downtrending. It has underperformed by 33.33% the S&P500. It now has negative earnings. First Manhattan reported 2.28M shares. Shares of Hansteen Holdings plc ( LON:HSTN ) opened at 128.40 on Tuesday. It has underperformed by 16.70% the S&P500. Read More

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Petra Kvitova to play at French Open

Petra Kvitova to play at French Open

The 2-time Wimbledon champion has been off the circuit since severely injuring tendons in her left hand during a home invasion last December . Adding to the uncertainty for the claycourt grand slam which starts on Sunday, defending champion Garbine Muguruza , who has not won more than three consecutive matches on the red dirt this season, was handed a tough first-round draw against 2010 champion Francesca Schiavone of Italy. Read More

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Arsene Wenger's future 'will all be very clear' next week

Arsene Wenger's future 'will all be very clear' next week

When pressed further by a reporter about whether he feels he is the right man for the club, he said, "Look, I believe because you can not make 30-35 years at the top level if you don't believe you're the right man to do the job". "We had some hard moments but I spent every minute of my season on full commitment and we never give up and that is why today I am more proud than usual because the team and myself refused to give up and we finished the job in a positive way". Read More

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Brokerages Set Royal Mail PLC (RMG) Price Target at $463.82

Therefore 48% are positive. Analysts expect Abacus Mining and Exploration Corp (CVE:AME) to report $0.00 EPS on May, 25. 22/02/2017 - Wood Group (John) had its "Hold" rating reiterated by analysts at Jefferies. The stock has "Hold" rating by Bankhaus Lampe on Monday, August 3. The stock has "Overweight" rating by JP Morgan on Thursday, November 24. The rating was maintained by HSBC with "Buy" on Thursday, December 1. Read More

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(XOM) Now Covered by Analysts at Maxim Group

The company has a market cap of $345.55 billion, a price-to-earnings ratio of 34.02 and a beta of 0.91. The stock went up 0.83% at some stage in past quarter. Seaward Mngmt Partnership stated it has 67,592 shares or 0.43% of all its holdings. Fenimore Asset Management holds 17,566 shares or 0.07% of its portfolio. Read More

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OPEC extends oil supply curbs as glut persists

The price of West Texas Intermediate oil, the USA benchmark crude, declined 3.8% to $49.39 at 1:06 p.m. Oil producers today chose to extended cuts in oil output by nine months to March 2018, amidst a global glut of crude and rising United States shale gas production which saw prices more than halve in the past three years. Read More

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