Economy

Therefore, in a bid to support its ailing finances and more importantly to provide profitable environment for upcoming initial public offerings (IPO) of Saudi Aramco, Saudi Arabia once again made a decision to cut oil production. The IEA said that Russian Federation delivered a production cut of 100,000 barrels per day in January. Unless things change, and an extension of the current OPEC Production Cuts isn't going to cut it, the oil market will take the next leg down lower at some point over ...
  • Theresa May meets Donald Trump: What the U.S. media is saying

    Theresa May meets Donald Trump: What the U.S. media is saying

    Economy

    Both May and Trump began by praising the " special relationship " between the usa and U.K. May emphasized the importance of a trade deal between the two countries given plans for the U.K.to leave the European Union. "I can often tell how I get along with people very early and I think we're going to have a fantastic relationship". "We had a very good call", Trump said.
  • Diageo celebrates growth in 2017 interim results

    Diageo celebrates growth in 2017 interim results

    Economy

    Menezes added that as a company with a global portfolio, Diageo is hoping for free trade that isn't exlusive to the UK. Diageo said it grew sales in each of the geographic markets in which it operates, driven by positive movements in foreign exchange rates when foreign currencies were translated back into sterling.
  • Annual inflation at 1.5 pc comes in weaker than expected, dollar slumps

    Economy

    While inflation is still low by historic standards, this time a year ago inflation fell to a historic low of 0.1 per cent, forcing the Reserve Bank to slash interest rates to an all time low. The average of RBA's two core inflation measures has remained at around 1.6% throughout a year ago. Wednesday's data showed inflation was fuelled by a 6.7 per cent increase in petrol prices in the quarter and a 7.4 per cent jump in tobacco prices as a result of an increase in excise.
  • Rio Tinto sells mines to China's Yancoal

    Rio Tinto sells mines to China's Yancoal

    Economy

    Rio has sold at least $7.7 billion in assets since 2013 as it sought to weather a downturn in commodities sparked by China's slowing growth and a glut of raw materials. Coal & Allied is the holding company for Rio Tinto's thermal coal business in the Hunter Valley region of New South Wales. They include the sales of its 50.1% interest in the Clermont Joint Venture to GS Coal Pty for $1.015 billion, its 40% interest in the Hunter Valley Bengalla thermal coal mine to New Hope for $606 million ...
  • Florida Man Arrested After Posting Threat To Assassinate Trump

    Florida Man Arrested After Posting Threat To Assassinate Trump

    Economy

    A Navy veteran and computer consultant, Puopolo was homeless at the time of his arrest - Tuesday, when Miami Police apprehended him while he was walking out of a Washington Avenue Subway sandwich shop, according to The Daily Mail . and would kill him, the report said. "What are you going to do about it Secret Service?" "I have 3 girls, 1 boy, 3 wives, and I have a question for you, my other name is Lord Jesus Christ, what are you gonna do about it?" The Daily Mail reported Puopolo ...
  • Local women head to D.C. for Women's March

    Local women head to D.C. for Women's March

    Economy

    Organizers of Saturday's march are taking King's principles of nonviolent protest to heart. " Sister marches " in all 50 states, Puerto Rico and 32 other countries have popped up, including one in Denver . He and his family are now travelling the world. Women's rights , LGBTQ rights, healthcare and the environment are just a few of the issues they feel are at risk.
  • China GDP Climbs 6.8% On Year In Q4

    China GDP Climbs 6.8% On Year In Q4

    Economy

    Chinese leaders say they will make the economy more productive by giving private companies a bigger role, but last year's performance still relied on spending by the government and state-owned industry. That temporary upturn is unlikely to last, economists said. The full-year expansion in 2017 will edge lower to 6.4 percent, Bloomberg economist surveys show, while the International Monetary Fund has raised its forecast to 6.5 percent.
  • Safran announces merger agreement with Zodiac Aerospace

    Economy

    Safran's CEO Philippe Petitcolin said he was not anxious about Zodiac's recovery from recent production and quality problems in its United States seat manufacturing plants. Airbus said this month there were still some difficulties in cabin supplies for the A350, whose deliveries have been partly held up by problems with toilets supplied by Zodiac.
  • Kinder Morgan, Inc. (NYSE:KMI) Quarterly Sales Review

    Kinder Morgan, Inc. (NYSE:KMI) Quarterly Sales Review

    Economy

    The company's quick ratio for most recent quarter is 0.50. The company reported the earnings of $0.15/Share in the last quarter where the estimated EPS by analysts was $0.14/share. Jackson Square Partners LLC purchased a new position in shares of Kinder Morgan during the second quarter worth about $10,572,000. The Company's year to date (YTD) performance is now positive at 8.26%.
  • Bank of Canada warns of consequences if Trump protectionist policies take hold

    Bank of Canada warns of consequences if Trump protectionist policies take hold

    Economy

    This isn't the first time the Canadian dollar has fallen sharply due to comments about a possible rate cut . In a press conference, Poloz said the Bank was concerned about the effects of US trade policy, "because it is so fundamental to the Canadian economy", but because it is as yet unknown, it is hard to capture in the Bank's projections.
  • App Store prices to rise 25% in the UK

    Economy

    Mobile gaming also had a big and lucrative year in 2016, as it continues to account for 75 percent of overall revenue for apps on iOS and 90 percent of revenue on Android. "These factors vary from region to region and over time", Apple told the BBC in a statement. According to the New York Times , Apple's director of corporate communications Fred Sainz said his company was informed that the app was in violation of local regulations.
  • Freezing rain warning for Sarnia-Lambton

    Freezing rain warning for Sarnia-Lambton

    Economy

    Freezing rain is likely to develop Monday evening and chance to rain by Tuesday morning as temperatures rise. A layer of ice accumulated Saturday night into Sunday as freezing rain fell in the area. Many Albion area businesses were closed Monday morning. Chance of precipitation is 60%. Little or no ice accumulation expected. The National Weather Service in Omaha reports freezing rain is likely, possibly mixed with sleet.
  • Trump insists U.S. will build a wall and Mexico will reimburse it

    Economy

    Wall Street closed higher Wednesday with rise in oil prices, and President-elect Donald Trump's remarks on trade deals and manufacturing. "I don't want to wait a year and a half until I make my deal with Mexico", Trump said. But Mexico has said it would never pay for the wall. "Mexico has taken advantage of the United States". Videgaray said setting up a meeting between Pena Nieto and Trump once the American takes office on January 20 was a priority.
  • New transaction charge: Petrol pumps won't accept cards from midnight

    New transaction charge: Petrol pumps won't accept cards from midnight

    Economy

    Echoing the decision of their national body, the general secretary of Utkal Petroleum Dealers' Association, Sanjay Lath, said that HDFC Bank and Axis Bank credit and debit cards would not be accepted at petrol pumps in Bhubaneswar. According to the All-India Petroleum Dealers' Association (AIPDA), this will apply to cards from HDFC, Axis Bank and ICICI. This will lead to financial loses for the dealers.
  • Kanye West and family visit his mother's grave

    Economy

    Just before the above selfie, Kim shared a photo of her destroyed jeans, so fashion shots definitely aren't off the table, but other than her most recent snaps, the family pics Kim has posted seem to have been taken in advance and filtered.
  • Suspects net $6M in New Year's Eve jewelry heist

    Suspects net $6M in New Year's Eve jewelry heist

    Economy

    As New Year revelers were gathered in Times Square for the annual dropping of the ball, mere blocks away, three men were carrying out a huge burglary at the business of Gregg Ruth on West 36th, a designer and manufacturer of fine jewelry.
  • ICICI latest to slash lending rates, by 70 basis points

    ICICI latest to slash lending rates, by 70 basis points

    Economy

    MCLR has been reduced by 0.9 percentage points to 8.10 percent for two years and 8.15 percent for three years. The final lending rate charged to a customer includes a spread over the one-year MCLR . Banks are cutting rates by a high margin after the note ban led to a deposit surge, reducing their cost of funds, and Prime Minister Narendra Modi exhorted them to "keep the poor.at the focus of their activities" and act with the "public interest" in mind.
  • How to dispose of your old Christmas tree in NYC

    Economy

    South Chapel Yard Waste Site (operated by Holland Mulch) 1034 S. Chapel St., NewarkHours: Monday-Friday 7:30 a.m. - 4 p.m.; Saturday 7:30 a.m. - noonSussex CountyBlessings Greenhouses9372 Draper Road, MilfordHours: Monday-Saturday 7 a.m. Mountains of crumpled and torn gift wrap, boxes and even that once-live Christmas tree can be recycled in DE once the holidays are over. In Hillsborough, follow the brush collection schedule and place trees within four feet of the curb to be collected.
  • Yields rise to session highs after U.S

    Yields rise to session highs after U.S

    Economy

    Home prices in the United States continue to rise, according to market data released Tuesday. "However, mortgage interest rates rose in November and are expected to rise further as home prices continue to out-pace gains in wages and personal income", Blitzer said.