Money

Oil Slips as US Shale Boom Counters Libyan Production Decline

With restrictions on USA crude exports lifted in 2015, American producers can target buyers in Asia, Europe and Latin America, which are seeking alternative suppliers after OPEC and non-OPEC producers agreed to curb output. "When shale went down, American ingenuity went up", he said . Meanwhile, demand is expected to grow year-over-year despite unpredictable supply. BHP Billiton has boosted investment in its shale operations since last fall, forecasting the sector to become the single ... Read More

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US Oil Production Rising Ahead Of CERA

In November 2016, the OPEC states reached an agreement to cut oil production by 1.2 million barrels per day for the first half of 2017 to support the global oil prices. United States oil rig count rose by seven from a week ago to 609 in the week to March 3, Baker Hughes reported Friday. "The U.S. can respond to higher prices faster than others". Read More

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Fed's Yellen: March rate hike could be appropriate

Fed's Yellen: March rate hike could be appropriate

The U.S. stock market surged early this week, as did indexes of the dollar's value and consumer confidence, phenomena President Donald Trump was quick to attribute to himself. Market measures of trader bets also imply three 25 basis-point rate rises this year. But she offered no specifics on when the next one might occur. "A rate hike isn't just baked into the cake, the cake is practically decorated and ready to have the candles lit", Wells Fargo Funds Management chief portfolio strategist ... Read More

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Azerbaijan downs oil production under OPEC agreement

Exxon, which is expected later this year be eclipsed by Saudi Aramco as the world's largest publicly traded oil producer, recently pledged to boost this year's spending by 16 percent to expand operations, especially in shale production. The Energy Information Administration has forecast that US's oil output will average 9 million barrels a day this year, up from 8.9 million barrels a day in 2016. Read More

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Why does Trump think his phones were tapped? An investigation

The call comes after Mr Trump claimed that Mr Obama had ordering a " wire tap" on the telephones in Trump Tower but he offered no evidence for the allegation at the time . A spokesman for Obama did not immediately reply to a request for comment. The New York Times and Washington Post are reporting - based on anonymous sources - that FBI Director James Comey asked the Justice Department to publicly refute Trump's tweets because they wrongly imply the FBI broke the law . Read More

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GM will layoff 1100 in MI after production shift

GM will layoff 1100 in MI after production shift

The Lansing plant will continue to build the Buick Enclave and Chevrolet Traverse after it retools for a month. It comes after the automaker's decision to shift production of the next generation GMC Acadia to Spring Hill, Tennessee. The new Enclave and Traverse enter the market at a time when crossovers have become the most vibrant, dynamic and fast-growing models of the industry, the automaker said. Read More

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Skyxe Saskatoon Airport named best in North America

Skyxe Saskatoon Airport named best in North America

According to DIAL, IGIA's ASQ score increased substantially from 4.96 in 2015 to 4.99 in 2016. Mumbai airport has also been voted as the best airport in India and Central Asia by Skytrax World Airport Awards 2016. Each year, the programme delivers over 6 lakh individual surveys in 41 languages in 84 countries. With questions the same at each location, the survey creates a database that allows airports to compare themselves to others around the world. Read More

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What NCLT's decision means for ousted Cyrus Mistry

What NCLT's decision means for ousted Cyrus Mistry

The Tribunal's decision on the preliminary issue of maintainability of petitions filed by Mistry companies has to be followed by a decision on whether it will now grant waiver before it can deal with merits of the case. The Tribunal will take up a waiver for Tata Group's petition on March 7. Mistry had succeeded Tata Sons' former chairman and current chairman of the Tata Trusts, Ratan Tata in December 2012. Read More

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Babri Masjid demolition: Trial against LK Advani likely

Babri Masjid demolition: Trial against LK Advani likely

The Raebareli court is hearing a case against leaders of the BJP and Vishwa Hindu Parishad, while the other case against karsevaks is pending in the Lucknow trial court. The Supreme Court is likely to give final ruling in the matter in the next hearing on March 22. Advani's lawyer reportedly opposed the apex court saying that the 183 witnesses who deposed at the lower court would have to be called again. Read More

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Sensex scales past 29000-mark, up 217 points in early trade

Sensex scales past 29000-mark, up 217 points in early trade

Stocks of auto, banking, PSU, oil & gas, power, capital goods, FMCG, healthcare, realty and metal led the gains. At 12.32 p.m, the Sensex was trading up 169.70 points or 0.59% at 29,002.15 with 20 components gaining. Reliance was up 2.8% in early trade while NTPC was up 1.7%, SBI 1.4% and Axis Bank 1.3%. In addition, the Indian rupee appreciated by nine paise to 66.72 against a USA dollar from its previous close of 66.81 to a greenback. Read More

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Price Target Analysis: Ford Motor Co. (NYSE:F)

Price Target Analysis: Ford Motor Co. (NYSE:F)

Insider Trades for General Motors Company show that the latest trade was made on 20 Feb 2017 where Neumann Karl Thomas, the Officer completed a transaction type "Sell" in which 7244 shares were traded at a price of $37.6. Citigroup Inc. restated a buy rating and set a $50.00 target price on shares of General Motors Company in a research note on Thursday, September 22nd. Read More

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GM Agrees to Sell Opel and Vauxhall Brands to PSA Group

Executives insisted that no job cuts are now foreseen, but analysts say they're inevitable over the long term. This move to sell both Opel and Vauxhall is just one example of GM's more recent approach of not trying to sell every type of vehicle in each market, but instead focusing on its most popular products in only the most profitable markets. Read More

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GM set to announce sale of struggling European business

GM has said that selling off Opel and Vauxhall will help solidify its core business and assist in deploying resource material to high-end businesses dealing in futuristic and advanced technologies. Globally, PSA sold 3.5 million cars past year compared to the Opel/Vauxhall brand's 0.8 million. Opel-Vauxhall has lost about $18 billion this century while promising it will start to make money, but always next year. Read More

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Chattanooga gas prices dip while national prices continue to rise

Chattanooga gas prices dip while national prices continue to rise

Although that price is up 3.5 cents a gallon from a month ago and is up 44.6 cents from a year ago, Chattanooga gas prices still average 29 cents per gallon less than the USA average of $2.31 a gallon. "Some states gas prices may slightly lag the upward trend being seen in 38 states as remaining winter gasoline inventories are purged". "Oil prices held steady between $52 and $54, which kept a lid on prices at the pump". Read More

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Banks told to reconsider charges on cash transactions by government

Banks told to reconsider charges on cash transactions by government

For instance, a normal current account holder in SBI can deposit Rs25,000 per day without any charge, and thereafter a charge of Rs0.75 plus service tax per Rs1,000 would be applicable. The bank will not levy any charge on withdrawals from own ATMs if the saving account balance exceeds Rs 25,000. SBI will charge Rs 15 for SMS alerts per quarter from debit card holders who maintain average quarterly balance of up to Rs 25,000 during the three months period. Read More

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Baton to pass through city

The Gold Coast baton was made from re-claimed plastic collected from Gold Coast beaches and waterways, macadamia wood, engraved stainless steel and also uses LED lights. The eyes of the world will be on Greater Bendigo in the lead-up to the Gold Coast 2018 Commonwealth Games. A community nomination program, which opens today, will offer people of Echuca and the surrounding region with an opportunity carry the baton. Read More

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PSA nears deal to buy Opel from GM

Vauxhall has 4,500 employees in the United Kingdom at its plants in Ellesmere Port and Luton, while Opel has a workforce of about 19,000 people in Germany. Interestingly, GM is to retain an engineering centre in Torino, Italy, and holds special warrants to allow it to buy shares back in PSA at a later date. Read More

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PSA Group Set To Announce Deal To Buy GM's Opel On Monday

The combined firm generated €71.bn of revenue and delivered 4.3m vehicles previous year and will overtake Renault-Nissan as Europe's second largest carmaker, though still considerably smaller than German rival Volkswagen. Both automakers, which presently share some production in a present European alliance, confirmed last month they were working out an outright acquisition of Opel and its British Vauxhall brand by Paris-based PSA, triggering extensive issue over possible job cuts. Read More

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Hundreds rally outside state capitol to show support for President Trump

A number of different organizations were there to counter protests including the group called By Any Means Necessary. He has a country behind him, and it's not just the rich people who have a say. "Our economy has been down, we notice that there's a lot of business done outside of our country versus here", Welch said. Trump supporters have held rallies in recent weeks to counter the numerous demonstrations against him. Read More

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Goldberg defeats Kevin Owens to win WWE Universal Championship

The entire escapade lasted more than five minutes. As Owens turned, incredulous that his long-time best friend had arrived, Goldberg promptly hit a spear. Soon after, Goldberg drilled a distracted Owens with the famous Spear/Jackhammer combination to end Owens' 188-day reign as the champion of the entire universe, and marked Goldberg's first title victory in WWE in nearly 14 years. Read More

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India raises issue of attacks on Indian-origin people with US

India raises issue of attacks on Indian-origin people with US

External affairs minister Sushma Swaraj has said she was pained to hear about the killing of Harnish Patel, a U.S. national of Indian origin in Lancaster, South Carolina. Sarna conveyed deep concerns to USA authorities over the recent tragic incidents, which involve the shooting of Deep Rai, who is now out of danger, and the fatal attack targeting businessman Harnish Patel. Read More

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NFL Combine 2017: Full Sunday Schedule and Predictions for Top Prospects

NFL Combine 2017: Full Sunday Schedule and Predictions for Top Prospects

Saturday's record-setting run will boost his draft stock further and capped a remarkable year for Ross , who missed the 2015 season after suffering a torn ACL during a spring practice earlier that year. Two days later, Ross will go under the knife to fix a torn labrum in his shoulder. "Basically just how to use my speed, when to turn it on, when to turn it up", Ross said . Read More

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Trump hits back at Democrats over Sessions controversy

Trump hits back at Democrats over Sessions controversy

Attorney General Jeff Sessions said Thursday he will recuse himself from "matters that deal with the Trump campaign". Sessions said he had been "honest and correct" in response to the question as he "understood it at the time ", but conceded that, "in retrospect", he should have thought about his meetings with Kislyak and disclosed them. Read More

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Fiona Hill, Trump's New Russia Expert, Went to Harvard

Fiona Hill, Trump's New Russia Expert, Went to Harvard

That tweet included a 2003 image of Schumer having coffee and Krispy Kreme doughnuts with Russian President Vladimir Putin in NY. Later Friday, Trump went after House Democratic Leader Nancy Pelosi of California, tweeting: "I hereby demand a second investigation, after Schumer, of Pelosi for her close ties to Russian Federation, and lying about it". Read More

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(CVX) Stake Increased by M&R Capital Management Inc

Chevron (NYSE:CVX) has insider ownership of 0.40% and institutional ownership of 62.50%. Wealthcare Capital Management LLC acquired a new position in shares of Chevron Corporation during the second quarter valued at about $128,000. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of United States and global copyright and trademark laws. Read More

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China eyes sustained economic growth through reforms

China eyes sustained economic growth through reforms

While the economy as a whole has expanded at a rate of under seven percent in recent years, the legislature's 100 or so dollar billionaires have seen their cumulative wealth jump 64% since 2013 when he assumed the presidency, Hurun said. "China has never brought any harm to any countries". Li also promised foreign companies equal treatment with their Chinese counterparts under a government development strategy dubbed "China Manufacturing 2025". Read More

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Caterpillar Says Warrant For Fed Raid Is About Swiss Business

Caterpillar Says Warrant For Fed Raid Is About Swiss Business

In a statement issued on Thursday, Caterpillar said it believed the search was part of an Internal Revenue Service (IRS) investigation related to profits earned by a Swiss parts subsidiary, Caterpillar SARL, or CSARL. taxes since 2000 by shifting profits to the affiliate in Switzerland. " Caterpillar is cooperating. She wouldn't comment further". The company said in an annual filing last month that it received a grand jury subpoena from the U.S. Read More

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Investors Attention Alert: Oasis Petroleum Inc. (NYSE:OAS)

Numeric Investors LLC decreased its stake in Oasis Petroleum Inc . The firm earned $200.67 million during the quarter, compared to analyst estimates of $204.39 million. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/03/02/insider-buying-oasis-petroleum-inc-oas-director-buys-210750-00-in-stock.html. Read More

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