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Economy

The petroleum industry bill will see to the restructuring of organisations like the Department of petroleum resources (DPR) and the Nigerian National Petroleum Corporation (NNPC). It is expected to be passed into law before the end of 2017. "I congratulate the 8th Senate with the passage of this landmark bill which has not been passed for many years,", Senate President Bukola Saraki said.
  • U.S. appeals court weighs legality of Trump travel ban

    U.S. appeals court weighs legality of Trump travel ban

    Economy

    In the event the two appellate courts reach different results, the travel ban will not go back into effect as long as one court's nationwide injunction remains in effect. Until last week, that pledge was still on Trump's campaign website . U.S. District Judge Derrick Watson in Hawaii stopped enforcement of the executive order in March, finding it discriminated against Muslims .
  • US Senate panel says it will subpoena Michael Flynn businesses

    Economy

    Mark Warner said, "We have to find out whether we have the ability to either hold Gen. Flynn in contempt or whether it's just Fifth Amendment". The committee leaders are directing the two new subpoenas at Flynn's Virginia-based businesses because corporations are not protected by the Fifth Amendment, Warner said.
  • Which Analysts Are Watching General Motors Company (NYSE:GM)?

    Economy

    FBR Capital maintained American International Group Inc (NYSE:AIG) on Wednesday, August 5 with "Outperform" rating. 10/31/2016 - Ford Motor Company was upgraded to "neutral" by analysts at Daiwa Capital Markets. Washington Tru holds 1.5% of its portfolio in American International Group Inc (NYSE:AIG) for 355,521 shares. Paloma Prtnrs Mngmt has 217,763 shares for 0.07% of their portfolio.
  • South Korean President Moon: 'High Possibility' of Military Conflict with North Korea

    South Korean President Moon: 'High Possibility' of Military Conflict with North Korea

    Economy

    North Korean leader Kim Jong Un reportedly hugged rocket research officials after witnessing the test, saying they "worked hard to achieve a great thing". North Korea and the rich, democratic South are technically still at war because their 1950-53 conflict ended in a truce, not a peace treaty. Moon's envoy, South Korean media mogul Hong Seok-hyun, said Trump spoke of being willing to use engagement to ensure peace.
  • Average US 30-year mortgage rate falls to 3.95 pct, 2017 low

    Average US 30-year mortgage rate falls to 3.95 pct, 2017 low

    Economy

    This is down from last week when it averaged 4.02%, but up from 3.64% a year ago. Standard 30 year loan interest rates are coming out at 4.000% at Commerce Bank with an April of 4.103% today. The 3/1 ARM interest rates are available starting at 2.875% now carrying an April of 3.715%. 20 year loan deals have been published at 3.625% with an April of 3.723% today.
  • Greece shrugs off debt relief delay, seems confident of deal

    Greece shrugs off debt relief delay, seems confident of deal

    Economy

    The IMF has more conservative estimates about both these outcomes than Greece's euro-area creditors, in turn suggesting the country needs greater debt relief. "Now it is up to its partners to do the same". The eurozone and the International Monetary Fund agreed on Monday that Greece would have to keep a primary surplus - the budget balance before debt servicing - at 3.5 per cent of GDP for five years after the bailout ends in 2018.
  • OPEC extends oil output cut by nine months - delegate

    Economy

    Early Wednesday, OPEC's Joint Ministerial Monitoring Committee, made up of Venezuela , Russia , Saudi Arabia , Oman, Kuwait and Algeria , agreed to support extending current cuts through next March. Brent has averaged US$53.90 per barrel so far this year. "We very much are benefitting from the improved oil price , you know it went as low as $28 a barrel".
  • LeadingAge, AMDA urge Senators to drop American Health Care Act

    Economy

    According to the Post , leaked documents show there will be changes to the Social Security Supplemental Security Income program, known as SSI, which provides cash benefits for the poor and disabled, including some with severe mental illness or developmental disabilities.
  • Israelis Elated by Trump Visit; Palestinians Disappointed

    Economy

    And he also spoke of Israeli settlements and occupation and Palestinian prisoners. That omission encouraged Israel's right-wing but it disappointed Palestinians. Palestinian protesters shout slogans and hold placards outside the Church of the Nativity in Bethlehem during a demonstration in support of prisoners refusing food in Israeli jails, on May 23, 2017 , during a visit of the USA president to the West Bank town.
  • Between The Numbers: Cosan Limited (CZZ), Endeavour Silver Corp. (EXK)

    Economy

    AG has been the topic of several other reports. In terms of EBITDA Yield, Endeavour Silver Corp. The market capitalization of the company is at $381.87 Million. Analysts forecast that First Majestic Silver Corp will post $0.12 EPS for the current fiscal year. If you are reading this piece of content on another site, it was stolen and reposted in violation of USA & worldwide trademark & copyright legislation.