Economy

Oil prices jumped 2 per cent yesterday after the energy ministers of the world's two biggest producers, Saudi Arabia and Russian Federation, jointly said that a crude production cut needed to be extended from the middle of this year till March 2018.
  • North Korea tests another missile; Seoul says dashes hopes for peace

    North Korea tests another missile; Seoul says dashes hopes for peace

    Economy

    The test triggered a new USA -backed push for a fresh round of United Nations sanctions against the North. An official traveling with U.S. President Donald Trump in Saudi Arabia said the White House was aware of the latest launch and noted that the missile had a shorter range than the three previous missiles that North Korea had tested.
  • Kuwait next to back oil production cap extension

    Economy

    The world's oil stockpiles increased only slightly in the first quarter and are set to decline in the second as demand picks up seasonally and OPEC constrains output, the IEA said Tuesday in its monthly report. "Of course, things will change elsewhere in the balance, and today the most closely watched data point on the supply side is USA crude production", the IEA said.
  • Nuke emergency at Hanford

    Nuke emergency at Hanford

    Economy

    FILE-In this July 9, 2014, file photo, a sign warns of radioactivity near a wind direction flag indicator at the "C" tank farm on the Hanford Nuclear Reservation near Richland, Wash . Washington Gov. Jay Inslee said the Department of Energy and The White House reached out to his office after the incident. According to CBS News, the Hanford Nuclear Reservation was created during World War II to secretly build the atomic bomb.
  • Engine Issue Causes Qantas Flight to Return to LAX

    Engine Issue Causes Qantas Flight to Return to LAX

    Economy

    The aircraft had been due in Melbourne this morning, but the pilot was forced to return to LAX after one of four engines failed. Flight QF94 from Los Angeles to Melbourne turned around two hours into its journey on Saturday, dumping 480 people back where they started.
  • Donald Trump's first foreign trip clouded by Russian Federation probe

    Economy

    White House hopes that Mr Trump could leave scandalous allegations at home were crushed in a one-two punch of revelations that landed shortly after his departure. Comey has agreed to testify publicly before the Senate Intelligence Committee after Memorial Day. The memo focused on Comeys handling of the Hillary Clinton email investigation, particularly the FBI directors decision to divulge details to the public at various junctures during her presidential campaign against Trump.
  • Is Jared Kushner a person of interest in the Trump-Russia investigation?

    Economy

    A combination of file photos shows Russian Foreign Minister Sergei Lavrov attending a news conference in Moscow, Russia, November 18, 2015, and U.S. President Donald Trump posing for a photo in New York City, May 17, 2016. Whether or not Trump was trying to influence Comey and the FBI's investigation into the campaign's connections to Russian Federation will be at the center of the hearing to try to figure out whether the president obstructed justice.
  • Wunderlich Cuts Kate Spade & Co (KATE) Price Target to $18.50

    Wunderlich Cuts Kate Spade & Co (KATE) Price Target to $18.50

    Economy

    Kate Spade & Co has a consensus rating of "Hold" and a consensus target price of $20.87. Kate Spade was downgraded to "market perform" by analysts at Wells Fargo. Kate Spade & Co's revenue for the quarter was down 1.1% on a year-over-year basis. Annual earnings per share (EPS ) growth was at 0.50% in past 5 Years and Long-term annual earnings per share (EPS ) growth is projected to achieve 23.75% in coming 5 years.
  • Antero Midstream Partners LP

    Antero Midstream Partners LP

    Economy

    Nuveen Asset Management Ltd Liability Com holds 0.17% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 433,820 shares. Antero Midstream Partners LP had its " rating reiterated by analysts at Ladenburg Thalmann. The stock was bought at an average price of $16.10 per share, with a total value of $6,440,000.00. Investors may be interested in viewing the Gross Margin score on shares of Summit Midstream Partners, LP (NYSE:SMLP).
  • Venezuela opposition leader says blocked from United States trip

    Economy

    The death of a 15-year-old boy brought the toll from weeks of protests in Venezuela to 43 - a sad milestone that matched the number killed in the last comparable wave of unrest, in 2014. "You sort of have to wonder: Why is that happening?" Earlier this year, the U.S. Treasury also imposed new sanctions against Venezuelan Vice President Tareck El Aissami, after accusing him of being involved in drug trafficking.
  • Trump meeting with Arab Gulf nation leaders

    Trump meeting with Arab Gulf nation leaders

    Economy

    Saudi Crown Prince Mohammed bin Nayef and U.S. Secretary of State Rex Tillerson will sign the memorandum of understanding in Riyadh , where the six-nation Gulf Cooperation Council (GCC) is holding a summit with Trump. "If we can change the conversation in the USA and in the West from enmity toward the Islamic world to one of partnership we will have truly changed our world", he said.
  • Aziz: No order by ICJ on Jadhav's consular access

    Economy

    Musharraf - who appointed himself Pakistan's president in 2001 - believes the country should not have even appeared at the ICJ, as the Jadhav case is "a matter of national security". He confirmed that Jindal's meeting with PM Sharif was a private one. The development has come in a day after the United Nations court ruled over Indian plea granting injunction order in death row inmate Kulbhushan Jadhav's case.