Economy

United States commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 1 million barrels from the previous week, the Energy Information Administration (EIA) said in its Weekly Petroleum Status Report .
  • Cuomo calls on Trump to fight Canadian dairy pricing; president vows action

    Economy

    In their April 13 letter, the four USA dairy organizations urged Trump to call Prime Minister Justin Trudeau to halt the Class 7 program, saying it was "specifically created to stop an important US dairy export to Canada". So they're displacing the US product that's coming into Canada, " said von Massow. "We're going to call Canada and we're going to say 'What happened?"' President Trump said during an appearance at a Snap-On Tool plant in Kenosha.
  • Syria Still Has Chemical Weapons: US Defense Secretary

    Syria Still Has Chemical Weapons: US Defense Secretary

    Economy

    Earlier this week, Assad's former chemical-weapons research chief told Britain's The Telegraph that Syria had "at least 2,000 tons" of chemical weapons before the war and declared only 1,300. Indonesia is on President Donald Trump's trade hit list, and US company Freeport-McMoran Inc., which operates the world's largest copper mine in the Indonesian province of Papua, is in a protracted dispute with the Indonesian government.
  • U.S. business wary of skin-deep results from Trump-Xi trade talks

    Economy

    The US Department of Treasury yesterday concluded that no major trading partner of the US met the Congressional standards for currency manipulation in the second half of 2016. "That's worth having not as good a trade deal as I would normally be able to make", he said. The report has traditionally been used as a diplomatic tool to prod other countries whose currency policies were deemed a threat to US industries.
  • Wells claws back $75 million more from ex-execs

    Wells claws back $75 million more from ex-execs

    Economy

    Former CEO John Stumpf, who left the bank in October, will pay an additional $28 million, while the former head of community banking, Carrie Tolstedt , will return $47 million in stock options on top of the $19 million she agreed to pay back after stepping down a year ago, according to a report by the Wells board of directors.
  • American Airlines' staff whacks woman with stroller, just missing her baby

    Economy

    Another dramatic airline incident has been revealed - a video showing an American Airlines employee challenging a passenger to hit him after a woman holding a baby was allegedly hit with her stroller in an argument with airline staff. The Facebook video quickly spread across social media, and had been shared more than 3,500 times as of early Saturday. According to sources, the altercation began after a woman was allegedly hit by a stroller while holding a baby during boarding.
  • SA downgraded to junk status by second ratings firm

    SA downgraded to junk status by second ratings firm

    Economy

    Thousands marched in major South African cities to protest against Mr. Zuma , demanding he quit after a cabinet reshuffle triggered the latest crisis of his presidency. Syriana Maesela, 65, a retiree was on her way by train to Pretoria to join the march carrying a South African flag. Speaking to RNEWS, East London resident Nomonde Siswana, said that the call for president Zuma to step down is a good cause, and that if he continues being a President, the economy will suffer and the ...
  • UK MPs back plans for 8 June poll

    Economy

    An early ballot, which May wants to hold June 8, will give the prime minister - or her replacement - more time to implement Brexit before another election . She said on Tuesday she had "reluctantly" come to the decision to call for an early election because of political division in Westminster, criticising opposition parties for trying to thwart her plans for leaving the EU.
  • How MasterCard uses fingerprint sensors in payment cards

    How MasterCard uses fingerprint sensors in payment cards

    Economy

    Think of the new sensors as an increased security measure (in addition to the relatively new chip technology): while the chip is a more secure way of making a transaction over the magnetic stripe, the fingerprint sensor ads a biometric security element, meaning the card holder has to be there to approve the transaction.
  • Changing Trump views toward Russia, China worry some allies

    Changing Trump views toward Russia, China worry some allies

    Economy

    Security forces in the Indian-controlled part of Kashmir opened fire on crowds of people who attacked polling stations where voting for a by-election was taking place, killing five and injuring at least a dozen. Past administrations, though, have failed to stop, let alone slow down, North Korea's nuclear program and ballistic missile developments. As for the Trump administration's policy, the USA officials emphasized that no engagement of North Korea is currently taking place, and that the ...
  • US oil-rig count increases to a nearly two-year high

    US oil-rig count increases to a nearly two-year high

    Economy

    That is more than double the same week a year ago when there were only 343 active oil rigs. Alaska, Colorado, North Dakota, Pennsylvania and Wyoming each added one, while Oklahoma lost one. Friday's Canada rig count of 99 is still up 147.5 percent year-over-year, with its 33 oil rigs up by 21 and 66 gas rigs up by 39. The Eagle Ford basin, which has fallen a bit out of the limelight thanks to the Permian, gained three rigs this week, and now sits at 78 rigs total, to the Permian's 340.