Economy

The top oil producer in Opec , Saudi Arabia , favours extending the output curbs by nine months rather than the initially planned six months, to speed up market rebalancing and prevent crude prices from sliding back below $50 per barrel. Another OPEC delegate said a 12-month extension of the output cut was still an option. When the oil price was at its nadir in 2016, scores of U.S.
  • Analysts rated DSW Inc. (DSW) as Buy

    Economy

    More recent DSW Inc. BlackRock Fund Advisors increased its stake in shares of DSW by 8.3% in the third quarter. Norges Bank bought a new position in shares of DSW during the fourth quarter worth about $21,992,000. M Partners maintained DSW Inc. (NYSE:DSW) to release earnings on May, 23. The company reported EPS of $0.32, below the consensus estimate calling for EPS of $0.34 - a positive surprise of 4.93%.
  • Are OPEC production cuts a done deal?

    Economy

    Offshore drilling services company Seadrill Ltd. has made "significant progress" with its banks on the terms of a debt restructuring plan that will likely require filing for bankruptcy in the USA or United Kingdom. OPEC's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers, many of which rely heavily on energy revenues and have had to burn through foreign-currency reserves to plug holes in their budgets.
  • Israel defense chief appears to confirm Trump leaked intel

    Israel defense chief appears to confirm Trump leaked intel

    Economy

    Liberman didn't clarify how or to what extent Israel changed how it shares intelligence with the United States. Israel has criticised President Trump's $110 billion arms deal with Saudi Arabia, undermining hopes that the two regional powers can forge a path to peace in the Middle East.
  • [LISTEN] MD explains General Motors exit from SA

    [LISTEN] MD explains General Motors exit from SA

    Economy

    South Africa manufacturing union, the National Union of Metalworkers of South Africa (NUMSA ), said hundreds of 1,500 workers at GM South Africa will lose their jobs by July, after a decision announced last week by the vehicle firm to sell its local operations there.
  • Wall Street higher at open; Fed minutes awaited

    Wall Street higher at open; Fed minutes awaited

    Economy

    The Australian dollar, sometimes used as a proxy of China-related trades, eased slightly but reaction to the downgrade was also relatively subdued. Minutes from the Fed's last policy meeting showed policy makers agreed they should hold off on raising interest rates until it was clear a recent United States economic slowdown was temporary, although most said an increase was coming soon.
  • Best Buy quarterly comparable sales rise unexpectedly

    Best Buy quarterly comparable sales rise unexpectedly

    Economy

    Best Buy just reported an unexpected jump in comparable sales, at a time when many brick-and-mortar retailers are struggling to draw shoppers to stores. RBC Capital Markets maintained Best Buy Co Inc (NYSE: BBY ) rating on Wednesday, August 24. The company's revenue for the quarter was down 1.0% on a year-over-year basis.
  • Tillerson Holds Briefing In Saudi Arabia Without US Press

    Economy

    Trump's address Sunday was the centerpiece of his two-day visit to the kingdom, his first stop overseas as president. Iran's effort to attract about $100 billion to develop more than 50 oil and natural gas fields bogged down ahead of the May 19 presidential election .
  • Investors Real Estate Trust (NYSE:IRET) Institutional Investors 2016 Q4 Sentiment

    Investors Real Estate Trust (NYSE:IRET) Institutional Investors 2016 Q4 Sentiment

    Economy

    On Wednesday, March 1 Hedley Mary Lynne sold $697,474 worth of TESARO Inc (NASDAQ:TSRO) or 3,927 shares. Hcp Inc now has $14.84B valuation. The stock increased 0.36% or $0.56 during the last trading session, reaching $155.73. At the end of March 2017 reporting period, 112 institutional holders increased their position in Pennsylvania Real Estate Investment Trust (NYSE:PEI) by some 11,402,034 shares, 81 decreased positions by 9,699,760 and 35 held positions by 48,058,233.
  • OPEC and non-OPEC nations poised to extend output cuts

    Economy

    OPEC is to discuss in Vienna whether to prolong an accord reached in December in which it and 11 non-members agreed to cut oil output by about 1.8 million barrels per day in the first half of 2017. Despite the output cut, OPEC kept exports fairly stable in the first half of 2017 as its members sold oil from stocks. The oil price is likely to remain volatile through Thursday, with non-OPEC producers, including Russian Federation, slated to meet with the cartel to decide on their own output ...
  • Moody's downgrades China rating amid debt worries

    Economy

    The news of the downgrade in China's long term local currency rating - one notch to an A1 rating from AA3 saw Chinese stockmarkets sell off by 1% for a while before they recovered, while the Australian dollar dropped by around 0.3% before steadying to trade around 74.50 United States cents.
  • Favorable Press Coverage Likely to Impact Steel Dynamics (STLD) Stock Price

    Favorable Press Coverage Likely to Impact Steel Dynamics (STLD) Stock Price

    Economy

    Shelton Capital Management decreased Steel Dynamics Inc ( STLD ) stake by 38.82% reported in 2016Q4 SEC filing. RBC Capital Markets upgraded it to "Outperform" rating and $16.0 target in Tuesday, September 8 report. EPS in next five year years is expected to touch 17.37% while EPS growth in past 5 year was 5.00% along with sales growth of -0.60% in the last five years.