Economy

Russia's energy ministry said extending the cuts, which were came into force in November, through to 31 March 2018 would demonstrate "producers' determination to ensure stability, predictability and incremental development of the market". "With the U.S. rig count increasing for its 17th consecutive week, I think we can safely say that the crude oil battle is well and truly on", said Mr Matt Stanley, a fuel broker at Freight Investor Services in Dubai.
  • Flynn won't cooperate in Russia investigation

    Economy

    Warner added that there might be a legal gray area that prohibits Flynn from using the Fifth Amendment to protect his refusal to provide documents, versus his clear constitutional right against testimony that might incriminate him. Flynn also appears to have not fully disclosed lobbying he did on behalf of the Turkish government during the final months of the campaign, when he was serving as one of Trump's top national security advisers.
  • Ford likely to cut its Asian and N American workforce by 10%

    Economy

    But Ford said it hasn't announced any job cuts and won't comment on speculation. Lowering costs and being leaner and as efficient as possible, remains part of that focus, said the automaker in a prepared statement. In March, he tweeted in celebration of Ford's plans to invest $1.2 billion and create 130 jobs in the expansion, much of which had been previously planned and announced.
  • EU's Moscovici confident Eurogroup will reach deal on Greece

    Economy

    Last week, Greek lawmakers approved economic measures in the hopes of mollifying creditors, including pension cuts, tax hikes and other structural economic reforms. Eurozone finance ministers unable to reach agreement. Greece's lenders failed to agree on debt relief for the crisis-hit nation after an eight-hour meeting in Brussels on Monday but aim to reach a deal at their next meeting in June.
  • New Jersey's Newark Airport closes after plane engine fire

    New Jersey's Newark Airport closes after plane engine fire

    Economy

    He berated a female passenger by calling her "Hillary" and a " lesbian ", Gredona wrote. Man threatens that they'll have to drag him off the plane . According to Gredoña, when the police finally came to confront the passenger, the rest of the flight applauded.
  • Whitman Howard Reaffirms "Buy" Rating for Imperial Brands PLC (IMT)

    Economy

    About 585,197 shares traded. Associated British Foods plc (LON:ABF) has 0.00% since May 23, 2016 and is. It has underperformed by 16.70% the S&P500. The latest broker reports which are now outstanding on Wednesday 24th of May state 3 analysts have a rating of "strong buy", 1 analysts "buy", 3 analysts "neutral", 0 analysts "sell" and 5 analysts "strong sell".
  • Ex-CIA chief John Brennan: 'Russia brazenly interfered' in US elections

    Ex-CIA chief John Brennan: 'Russia brazenly interfered' in US elections

    Economy

    Former CIA director John Brennan said Tuesday that he warned Russia last summer against meddling in the United States presidential election but the Russians went ahead and did it, anyway. The Justice Department says Robert Mueller's work at a law firm that represented relatives and associates of President Donald Trump does not disqualify him from overseeing an FBI investigation into possible ties between Trump's presidential campaign and Russian Federation.
  • 5 healthcare groups weigh in on Trump's $4.1 trillion budget plan

    Economy

    Members of the House Freedom Caucus said earlier this year that Trump would have to show how he would offset the cost of a wall , which Democrats flatly oppose. He argued that areas that the White House plans to put more resources - national security, law enforcement, paid parental leave - were campaign promises.
  • Oil prices fall as Trump proposes US oil reserve sales

    Economy

    Iraqi Oil Minister Jabar Ali al-Luaibi said he agreed with Saudi Arabia on the need for a nine-month extension. Iran, OPEC's third-largest producer and a political rival of Saudi Arabia, hasn't yet publicly backed a nine-month extension, but Oil Minister Bijan Namdar Zanganeh said on May 6 that he will go along with whatever decision the rest of the group makes.
  • Marks & Spencer Hit By Restructuring Costs But Revenue Rises

    Marks & Spencer Hit By Restructuring Costs But Revenue Rises

    Economy

    Profits at Marks and Spencer fell by nearly two thirds to £176.4m a year ago following a costly business overhaul. M&S's clothing and homewares sales tumbled by 5.9% in the first three months of 2017 which was far worse that analysts' expectations of a 3.3% decline.
  • Key benchmarks in President Donald Trump's budget

    Key benchmarks in President Donald Trump's budget

    Economy

    U.S. Senator John McCain, one of the leading military and foreign policy voices in Congress, said on Tuesday that the White House's budget proposal was "inadequate" and "dead on arrival" in Congress. everybody who doesn't need help". Republicans are keenly interested in passing a budget this year because they hope to use that legislation to lay the groundwork for a GOP-friendly rewrite of the tax code.