Economy

OPEC extends output cut, but big oil price increase unlikely

The agreement, which is expected to be ratified later today by Russian Federation and other producers outside Opec, will see the 1.8 million barrel a day accord first agreed in late November extended to March 2018. Saudi Arabian Energy Minister Khalid Al-Falih insisted the cuts are working, saying stockpile reductions will accelerate in the third quarter and inventory levels will come down to the five-year average in the first quarter of next year. Read More

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Reps move to institutionalise periodic review of minimum wage

Reps move to institutionalise periodic review of minimum wage

She also points out that many wages in Ontario were already closer to $15 than the current minimum wage, so aside from a few sectors there won't be a big impact. The Lagos federal legislator enthused that the passage of the bill would check the current scenario where the decision to increase wages is entirely at the whims and caprices of the executive arm of government. Read More

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Flight diverted after fire in passenger's electronic device

Flight diverted after fire in passenger's electronic device

Passengers say crew members responded quickly to the incident and everyone remained calm. After the local fire department cleared the scene, the plane refueled and resumed flying to SFO, where it landed shortly after midnight. Lithium batteries have drawn attention recently for unexpectedly catching fire in some devices. The Trump administration's laptop ban has been in place since March and covers nonstop flights to the United States from 10 airports in eight countries in the Middle ... Read More

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Glg LLC Lifted Exxon Mobil Corp (XOM) Stake by $7.72 Million

Exxon Mobil's dividend payout ratio (DPR) is now 159.58%. It has underperformed by 25.78% the S&P500. The stock of eHealth, Inc. (NASDAQ:SRDX) is a huge mover today! For the last quarter, the stock has performed 0.01%. TD Securities has "Hold" rating and $52 target. The Market Capitalization of the company stands at 346.4 Billion. Barclays Capital has "Equal Weight" rating and $80.0 target. Read More

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Veterans organizations host Memorial Day ceremony

When the holiday changed after World War I from commemorating those who died fighting the Civil War to honoring Americans who died fighting in any war, the South began to recognize it as well. "The Riders is a program that rides for veterans and their families", said Greg Hinkle, director of the American Legion Riders post. That leaves it to people like Resh, the Gold Star mother, to spread the message. Read More

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OPEC Extends Oil Output Cut By 9 Months

The oversupply of oil in the market should not persist past the third quarter as inventory numbers are declining and continue moving in a downward trend despite higher USA production and high levels of imports, said Patrick Morris, CEO of New York-based HAGIN Investment Management. Read More

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J. M. Smucker acquires the Wesson oil brand

J. M. Smucker acquires the Wesson oil brand

J M Smucker Co (NYSE: SJM ) has declined 0.84% since May 29, 2016 and is downtrending. Fayerweather Charles has 1.42% invested in J M Smucker Co (NYSE:SJM). In related news, Director Jay L. Henderson acquired 3,000 shares of the company's stock in a transaction dated Tuesday, March 7th. J. M. Smucker Company has $152 highest and $118 lowest target. Read More

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Manchester terror attack: Further arrests made this morning

Manchester terror attack: Further arrests made this morning

TRT World's Jon Brain reports on the latest from Manchester . "The alleged leaks coming out of government agencies are deeply troubling ", Trump said in the statement . Hashem Abedi, born in 1997 in Britain, was arrested Tuesday evening in the city of Tripoli by Libyan intelligence services. Details regarding the name of the alleged bomber, Salman Abedi , were published in USA media before British police released that information to United Kingdom media. Read More

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Modi inaugurates India's longest bridge

A vehicle carrying the prime minister, Union minister Nitin Gadkari, Assam Governor Banwarilal Purohit, Chief Minister Sarbanada Sonowal and senior government officials then passed over it. The Dhola-Sadiya bridge promises to usher in prosperity in the North-East, it said adding , it will provide efficient road connectivity to remote and backward areas which have poor road infrastructure. Read More

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How Many W Resources PLC (LON:WRES)'s Analysts Are Bullish?

Numis Securities maintained it with "Add" rating and GBX 3141 target in Thursday, March 2 report. Shares of Harworth Group PLC ( LON:HWG ) opened at 101.00 on Tuesday. Canaccord Genuity maintained the shares of RMV in report on Wednesday, October 28 with "Buy" rating. Finally, Citigroup Inc reaffirmed a buy rating and issued a GBX 780 ($10.02) target price on shares of The Sage Group plc in a research report on Thursday, May 4th. Read More

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BA travelers face third day of delays, cancellations

LONDON/BERLIN British Airways (ICAG.L) must turn its attention to repairing its brand after a weekend of chaos and criticism caused by a major IT outage that grounded flights from London's two main airports. BA was accused of greed after the GMB union suggested the disruption could have been prevented if the beleaguered airline had not cut "hundreds of dedicated and loyal" IT staff and contracted the work to India in 2016. Read More

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(MSFT) Shares Sold by Beacon Financial Group

Mirador Capital Partners Lp decreased Microsoft Corp ( MSFT ) stake by 96.71% reported in 2016Q4 SEC filing. Xerox Corporation (NYSE:XRX) announced that its proposed reverse stock split of Xerox common stock at a ratio of one-for-four shares, together with a proportionate reduction in the authorized shares of its common stock from 1,750,000,000 shares to 437,500,000 shares, were approved by Xerox shareholders at the annual meeting of shareholders held earlier today. Read More

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Moody's Downgrades China's Rating, Bleak Expectations Follow

Moody's Downgrades China's Rating, Bleak Expectations Follow

Hong Kong on Thursday hit back at a decision by Moody's to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China. The downgrade, which is the first for China since 1989, was quickly dismissed by the government's finance ministry. The country's ratio of non-financial debt to GDP now roughly matches that of the United States, the world's biggest debtor. Read More

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UK PM May says no delaying June 19 start to Brexit talks

There were 239,700 tweets sent about Mr Corbyn - compared with 107,800 for the Prime Minister - over the 90-minute period, during which the pair were questioned by a studio audience and Jeremy Paxman. She said she wanted a "deep and special" partnership with the EU. Mrs May accused Mr Corbyn of adopting seven different approaches to leaving the European Union, having first made a "reckless" call for talks under Article 50 to be triggered on day one after the referendum. Read More

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Trumponomics? Ford to Cut 10% of North American Workers

Ford will offer about 1,400 white-collar workers early retirement and separation packages as part of the job-cutting plan, with people expected to leave by September, the company said. with a slowing USA market. Ford has been in the news recently. Ford's stock was relatively flat in pre-market trading and has barely budged this week after reports of possible cuts first emerged in the Wall Street Journal . Read More

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Amazon stock tops $1000

After going in public in May 1997 at $18 a share, Amazon has benefited from tectonic shifts in USA technology and consumer shopping habits that are expected to continue to remake the retail industry. The value of a company is determined by its stock price and the number of shares on the market. Since then the stock has only split three times. Amazon, whose revenues grew to $35.7 billion in the first quarter, also has impressed Wall Street by laying out a plan to achieve greater ... Read More

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Growth in Home Prices Continues in March

Growth in Home Prices Continues in March

U.S. home prices rose slightly less than what was anticipated for the month of March, according to new data from the S&P/Case-Shiller U.S. National Home Price Index . "People are staying in their homes longer rather than selling and trading up", David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices , said in a statement. Read More

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UBM Plc (UBM) Stock Rating Reaffirmed by Shore Capital

Red Hat had 49 analyst reports since August 25, 2015 according to SRatingsIntel. Trading of Genel Energy (LON:GENL)'s shares is going to be interesting today, as Canaccord Genuity increased the stock to a Speculative Buy. Burberry Group PLC had 280 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital maintained it with "Equal Weight" rating and GBX 660 target in Thursday, October 29 report. Read More

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