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Economy

Tocqueville Asset Management L.P. increased its position in shares of Alexion Pharmaceuticals by 15.5% in the third quarter. Oak Ridge Invests Ltd Liability Co has 72,682 shares. (NASDAQ: ALXN ) on Monday, February 6. OLD National Bancorp IN now owns 13,907 shares of the biopharmaceutical company's stock valued at $1,704,000 after buying an additional 4,663 shares during the last quarter.
  • Brazil president formally accused of conspiracy against corruption inquiry

    Brazil president formally accused of conspiracy against corruption inquiry

    Economy

    On Thursday, thousands of people demonstrated against Temer in the capital Brasilia and in Rio de Janeiro. The testimony by Joesley and Wesley Batista, billionaire brothers who are chairman and chief executive of JBS, sent Brazilian stocks and the currency plunging on Thursday because of fears it could lead to Brazilian President Michel Temer's ouster.
  • Unlikely Figures Praising President Trump's Israel, Middle East Trip

    Economy

    His visit to the church of the Holy Sepulchre, the site where some believe Jesus was crucified, buried and resurrected, is also significant. "Mr. Prime Minister, this is the time to go to a fearless and historic process to separate from the Palestinians and the implementation of the vision of two states for two peoples".
  • Oil prices rise as market expects extended production cut

    Economy

    The price rise this year has spurred growth in the US shale industry, which is not participating in the output deal, thus slowing the market's rebalancing with global crude stocks still near record highs. Algerian Energy Minister Noureddine Boutarfa told Reuters on Wednesday he believed that inventories should normalise by the end of 2017. "If the cuts are rolled over until Q1 2018, we expect oil prices to be around $57 a barrel for 2018", Gupta said.
  • Trump asked 2 United States intel chiefs to deny Russian Federation collusion

    Economy

    Officials said such memos could be made available to both the special counsel now overseeing the Russian Federation investigation and congressional investigators, who might explore whether Trump sought to impede the FBI's work. All eyes are on Comey who is expected to testify to Congress in coming weeks, making his first public comments since he was sacked. The two men also exchanged notes about their conversations with the president, the source said.
  • Israel and Arab Nations Can Find Common Cause Against Iran

    Economy

    He told Israel's Prime Minister, Benjamin Netanyahu , that Iran would never have nuclear weapons. Speaking of Tel Aviv to Riyadh , at least one us president has made that trip. A World Bank administration official previously told The Associated Press that Trump wouldn't have a formal authority role in the fund or in soliciting donations but would be a "strong advocate".
  • Saudi Arabia and UAE pledge $100M to women's fund Ivanka Trump supports

    Economy

    President Donald Trump solemnly placed a note in the ancient stones of Jerusalem's Western Wall on Monday, sending a signal of solidarity to an ally he's pushing to work harder toward peace with the Palestinians. Trump is seeking to ease concerns that his policies won't be as beneficial to Israel as once believed. You have [Barack Obama] the apologist, the appeaser, versus [Donald Trump] the realist, and the individual that is willing to go up against evil, and confront evil, and identify ...
  • Ivanka Trump: I am excited to continue our trip in Israel

    Ivanka Trump: I am excited to continue our trip in Israel

    Economy

    After his shopping list of charges against Tehran , Trump finally called on "all nations of conscience" (like Saudi Arabia and Pakistan presumably) to "work together to isolate Iran ". "This is a matter that really should trouble us", said Israeli Energy Minister Yuval Steinitz prior to the weekly cabinet meeting, although Prime Minister Benjamin Netanyahu made no mention of the deal in his customary public remarks.
  • Throwing Chaos Aside, Trump Aims for Caution on Big Trip

    Economy

    The Pope gifted Trump with a medal by a Roman artist depicting an olive tree, while Trump gave the Pope first-editions of Martin Luther King's books. The publication notes that President Trump's meeting with Pope Francis did not appear to contain any strain in the wake of the pope's comments in the past questioning the Christian faith of a man firmly rooted in his immigration belief, like Mr.
  • CBO Devastates Republicans As Trumpcare Would Leave 51 Million Without Insurance

    Economy

    The CBO said the AHCA proposal would reduce the U.S. budget deficit by $119 billion, significantly less than the $150 billion reduction calculated earlier, Efe news reported . This revised bill would reduce that by around 1 million - a difference of less than half a percentage point. Without naming the Trump administration, the report said factors encouraging insurers to flee some markets include lack of profits and "substantial uncertainty" about federal actions.
  • OPEC moves towards 9-month output cut extension

    Economy

    But if OPEC's public comments convince traders it will ensure oil stockpiles are reduced to their five-year average, it may embolden USA producers to ramp up shale oil production. The announcement that was initially agreed for 6 months brought confusion among oil traders, but the market did eventually yield to the pressure with the oil price pushing from its lower 20s all the way to early 50s.