Economy

Opec leans towards oil cut extension

Traders said that prices came under pressure from rising US drilling and ongoing high supplies by the Organization of the Petroleum Exporting Countries (OPEC) despite its pledge to cut output by nearly 1.8 million barrels per day (bpd) together with some other producers like Russian Federation. Read More

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Reckitt Benckiser Group Plc 9.4% Potential Upside Indicated by Jefferies International

In analysts note issued to investors and clients on 31 March, SSE PLC (LON:SSE) stock "Neutral" was reaffirmed by JP Morgan Cazenove. Since January 1, 0001, it had 0 insider purchases, and 1 sale for $101,030 activity. Diageo PLC had 253 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Beaufort Securities with "Speculative Buy" on Wednesday, October 14. Read More

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Both candidates claim victory in Ecuador presidential runoff

Ecuador's ruling party candidate Lenin Moreno, a paraplegic, has been declared the victor of the presidential runoff in the Latin American country and is expected to provide continuity to President Rafael Correa's leftist policies. But ruling Country Alliance officials scoffed that Mr Lasso was a sore loser and was inciting violence. Lenin Moreno is winning by nearly two percentage points, according to preliminary official results published on the National Electoral Council's website. Read More

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Hotel carbon monoxide leak kills child, sickens others

Millin says the children are ages 12 to 14. They were all rushed to area hospitals. The gas is odorless and, though early effects could cause dizziness and flu-like symptoms, it can go undetected, officials said . An employee of the hotel walked by the pool area and noticed that several people were unconscious. Some children reportedly remain in critical condition. Read More

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Mylan Announces EpiPen Recall

Mylan Announces EpiPen Recall

Mylan investors had all reasons for concern when the company announced the recall of its EpiPens post market hours on Friday. The main cost to Mylan MYL, -0.31% will be replacing the recalled EpiPens, all of which are expiring in the next several months, and thus delaying the purchase of new EpiPens for affected patients by about a year, Raffat said. Read More

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Video reveals face recognition flaw in Galaxy S8

Thankfully, the Galaxy S8 has some alternative methods for getting into your phone, like a fingerprint sensor and iris scanner along with your standard on-screen methods. What are your thoughts about the upcoming Galaxy S8 and Galaxy S8 Plus? It then claimed in May 2016 that the foldable Galaxy X would be joining Samsung's flagship range alongside the Galaxy S8 in 2017. Read More

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UK's Prince Charles visits quake-hit town in central Italy

UK's Prince Charles visits quake-hit town in central Italy

Wearing a hard hat, he entered the abandoned "red zone" in the city centre, where collapsed houses lie next to the ruins of a 13th century Civic Tower, and walked alone in silent contemplation. Camilla was met by police as she arrived at the Progetto Arcobaleno Association in Florence, where she spent time speaking to some of the victims. The Palazzo Strozzi Renaissance Man of the Year Award is given to someone who has demonstrated the values of Renaissance humanism and had an impact in such ... Read More

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Stars blast United Airlines over leggings ban

United, however, defended the actions of the gate agents, writing on Twitter that the passengers who were not allowed to board were " pass riders ". There's no guarantee that "non-revenue" travelers will actually get a seat - you're flying standby, and only get to board if there's room. They have since clarified this with a tweet . Read More

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Over 5 million Syrians have fled homeland

Over 5 million Syrians have fled homeland

The total number of Syrian refugees overseas stood at 4.6 million at the end of 2015 and rose to 4.85 million by the end of a year ago, according to the agency's data. The Office of the UN High Commissioner for Refugees ( UNHCR ) made the grim announcement. More than five million Syrians are now refugees, the United Nations said Thursday, as aid groups urged the worldwide community to end the country's six-year war and provide more assistance. Read More

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Malappuram BJP candidate promises quality 'beef' if elected

Malappuram BJP candidate promises quality 'beef' if elected

In an unexpected twist that took everyone by surprise, BJP's candidate in Malappuram N Sreeprakash promised to open "decent" stalls that sell beef if elected. "Consumption of beef or cow slaughter has nothing to do with our religion". You should not hesitate to vote for me on the ground that the BJP is supporting beef ban, " the report quoted him as saying. Read More

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Oil Closes at Lowest Since November as US Supply Seen Rising

West Texas Intermediate for April delivery, which expires Tuesday, fell 67 cents, or 1.4 percent, to $48.11 a barrel at 9:59 a.m. on the New York Mercantile Exchange. Brent crude, the worldwide benchmark for oil, was trading at $50.84 a barrel by 0915 GMT, up 20 cents on the day and rebounding from Wednesday's slide to $49.71, it lowest level since November 30 when OPEC announced plans to cut output. Read More

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Oxford see off Cambridge in Varsity Boat Race

The error immediately put them on the back foot, allowing Cambridge to race ahead and build up an unassailable lead, winning in a record time that was faster than their men's counterparts past year. The women's race begins at 4.35pm and the men's race begins an hour later at 5.35pm. The Oxford crew were favourites going into the race, first rowed in 1829, and secured the favoured Surrey side of the Thames where the long bend after Hammersmith Bridge worked in their favour. Read More

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Oil rises on Libyan supply disruptions, likely OPEC output cut extension

May Brent crude LCOK7, +1.01% on London's ICE Futures exchange rose 28 cents, or 0.5%, to $52.70, with the contract set to expire at Friday's settlement. Prices have been locked within a range during the first quarter as traders searched for signals that the Organization of the Petroleum Exporting Countries' production cuts are effective or that USA production is continuing to offset efforts to rebalance the market. Read More

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Trump OKs Keystone pipeline, calling it 'great day' for jobs

Trump's State Department said the project advances US national interests, in a complete reversal of the conclusion President Barack Obama's administration reached less than a year-and-a-half ago. "Keystone XL will improve the energy and trade security of North America with safe, sophisticated technology", said Catrina Rorke, R Street energy policy director. Read More

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If Saudis Extend Oil Cuts, Will Russia Agree?

Despite, a high level of compliance from OPEC members with a deal to cut production, crude futures ended the quarter down 5.8%, as investors focused on the lower level of compliance from eleven non-OPEC oil producers that joined the deal while a sharp increase in USA shale and crude production weighed on sentiment. Read More

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White House cautions Israel on 'unrestrained' settlement building

Netanyahu said late Thursday the decision passed unanimously to replace the Amona settlement , honoring a promise he made to the 40 families who were left without homes. It will be the first entirely new settlement that an Israeli government has approved since 1991, the anti-settlement NGO Peace Now said. Since then, it has authorised 6,000 new settlement homes, in one of the biggest surges for years. Read More

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Tester will oppose Neil Gorsuch

Gorsuch clearly is a qualified, apolitical candidate for the high court. "If they filibuster Neil Gorsuch, they are going to filibuster everyone that this president might propose", Cornyn said on the CBS program "Face the Nation". It's an issue causing chaos on Capitol Hill after House Intelligence Chairman Devin Nunes, a Republican, reportedly traveled to the White House in recent weeks to meet with a "source" claiming to be able to back up Trump's unsubstantiated claims that former ... Read More

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European Union offers pre-Brexit trade talks

European Union offers pre-Brexit trade talks

British Prime Minister Theresa May had in her letter triggering the two-year exit process on Wednesday called for talks on the divorce and a future deal to run in parallel as soon as negotiations start. The issue of Northern Ireland will also be given special consideration in order to avoid a hard border between Northern Ireland and Ireland and ensure peace and stability is maintained, he said. Read More

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Crude Oil Stocks Sets Record

Crude Oil Stocks Sets Record

US crude inventories USOILC=ECI rose 867,000 barrels in the week ending March 24. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil production giant Russian Federation would agree to continue their production cut deal seeking to drive prices higher. Read More

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Microsoft Edition Samsung Galaxy S8 to launch on April 21

With a 16:9 aspect ratio on an 18:9 screen (left), apps can't display as much content. Samsung Galaxy S8 owners can connect to the new Samsung Gear 360 camera to take stunning images and record videos in 4K. The new phone will also include a new dual-lens camera that is positioned vertically down the side of the device as had been previously suggested by tipsters. Read More

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Fed signals it could promptly start shedding bonds from portfolio this year

Fed signals it could promptly start shedding bonds from portfolio this year

The Federal Reserve targets 2 percent annual core inflation. Dudley has an upbeat view on the USA economy. This is a blip, and consumer spending will recover in the second quarter. Incomes rose 0.4 percent after a 0.5 percent gain that was more than initially estimated. The rate of inflation in consumer goods and services topped 2% in February for the first time since 2012, a trend that could lead to higher borrowing costs for households and businesses unless it abates soon. Read More

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Trump aide urges defeat of MI member of Freedom Caucus

Bush administration. "Competition is fine", said Rep. Jim Jordan, R-Ohio, speaking on CNN's State of the Union , noting that the health care bill backed by Trump and House Speaker Paul Ryan also lacked strong public support. Look at the photo and description underneath. "He created an official account upon entering the White House to ensure compliance with the Hatch Act and he has taken the necessary steps to ensure there is a clear distinction between both Twitter accounts", the ... Read More

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Fang Holdings Ltd. (NYSE:SFUN) Results Disappoint Investors

The last session's volume of 1.96 million shares was higher than its average volume of 1.65 million shares. Our investigation concerns whether the Company issued false and misleading statements to investors causing investor losses. This is wider than the analysts' estimate of a loss per share of one cent. The Return on Equity (ROE) value stands at -29.4%. Analysts give KTOS a mean recommendation of 2.00. Read More

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