Economy

In December, OPEC agreed its first production cuts in a decade and the first joint cuts with non-OPEC, led by Russian Federation, in 15 years. The Organization of the Petroleum Exporting Countries , as expected, agreed Thursday to extend its current cap on oil production another nine months, now expiring July 1, 2018.
  • Manchester bombing case : United Kingdom police make 2 more arrests

    Manchester bombing case : United Kingdom police make 2 more arrests

    Economy

    The man who detonated a fatal bomb in the Manchester Arena on Monday night has been formally identified as 22-year-old Salman Abedi , British police said Tuesday. Ramadan Abedi , who spoke to The Associate Press by phone on Wednesday prior to his arrest in the Libyan city of Tripoli, has claimed that Salman is innocent.
  • How OPEC Could Affect Oil Prices

    Economy

    Crude oil prices drifted between slight gains and losses in the Tuesday session as a White House budget proposal that called for the sale of millions of barrels of strategic reserves balanced against rumors circulating around the next possible move from parties to an effort led by the Organization of Petroleum Exporting Countries ( OPEC ) to balance the market with managed production declines.
  • OPEC and other nations poised to extend output cuts

    Economy

    In November past year, OPEC and 11 other non-OPEC producers, including Russian Federation, agreed to cut output by about 1.8 million barrels per day between January 1 and June 30. Nigeria has tendered request for further exemption from the production cut at the ongoing 172nd meeting of the Organisation of Petroleum Exporting Countries ( OPEC ) meeting today.
  • Trump budget faces Dem opposition, GOP doubts about math

    Economy

    Mnuchin's comments came shortly after White House budget director Mick Mulvaney said that government "receipts now are coming a little bit slower than expected". In addition to the cuts, the proposal also includes a boost to military spending, $19 billion over 10 years for Ivanka Trump's paid family leave proposal and $1.6 billion for construction of a wall on the U.S.
  • Does Trump's Budget Cut Medicaid Funding? No One Seems To Know

    Economy

    Retirement benefits: Implementing several changes to the Federal Employees Retirement System saves US$77 billion over a decade. Not surprisingly, Trump has made a decision to embrace the House Republican health-care bill's $800 billion in cuts to Medicaid (over the next decade), according to The Post.
  • Nigeria accepts OPEC's production ceiling, but..

    Economy

    Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year. While welcome news to firms and to consumers filling up their cars, this blew a hole in the finances of oil-producing nations, even rich Gulf countries.
  • Complete schedule and fixtures for warm-up matches of ICC Champions Trophy 2017

    Economy

    India , having won 2 Champions Trophies in 2012 and 2013, will also face off Sri Lanka and South Africa on June 08 and June 11 at Kennington Oval respectively. Virat Kohli (captain), Shikhar Dhawan , Rohit Sharma , Ajinkya Rahane, Yuvraj Singh , MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik (wk), Ravindra Jadeja , R Ashwin , Jasprit Bumrah, Bhuvneshwar Kumar, Hardik Pandya, Umesh Yadav, Mohammed Shami.
  • 'Demagoguery at the Highest Level': Mulvaney Slams Dems' 'Lies' About Budget

    'Demagoguery at the Highest Level': Mulvaney Slams Dems' 'Lies' About Budget

    Economy

    Rep. Barbara Lee (D-Calif.) was even harsher in criticizing the cuts Mulvaney has proposed. The proposal projects that this year's deficit will rise to $603 billion, up from the actual deficit of $585 billion last year, But the document says if Trump's initiatives are adopted the deficit will start declining and actually reach a small surplus of $16 billion in 2027.
  • Chico's FAS, Inc. (CHS): What's the Story?

    Chico's FAS, Inc. (CHS): What's the Story?

    Economy

    The relative volume of the stock is 2.53, while its market cap is $1.52 Billion. CHS stock was down 11% as of Wednesday morning and is down 31% year-to-date. If you are reading this report on another publication, it was illegally copied and reposted in violation of global trademark and copyright law. Also, insider Colaco Donna Noce sold 51,235 shares of the company's stock in a transaction that occurred on Wednesday, March 29th.
  • Can Opko Health, Inc. (OPK) Shock Analysts Again?

    Economy

    Formidable Asset Management LLC now owns 11,638 shares of the biotechnology company's stock worth $108,000 after buying an additional 1,096 shares in the last quarter. On average, equities analysts expect that Opko Health Inc . will post ($0.20) earnings per share for the current year. (NASDAQ:OPK) or 8.40 million shares.