Economy

Several members have voiced support for the proposal to extend curbs after Russian Federation and Saudi Arabia said global inventories haven't yet fallen to targeted levels. This is reflected in a near-record level of production. "This will continue to be supportive for oil , a lot more than anything OPEC accomplishes next week".
  • Oil drops on rising U.S. crude inventories, defies expected supply cut extension

    Oil drops on rising U.S. crude inventories, defies expected supply cut extension

    Economy

    Futures slid as much as 1.3 percent in NY, extending a 0.4 percent drop on Tuesday after the American Petroleum Institute was said to report that inventories rose last week. U.S. West Texas Intermediate (WTI) crude futures were at $48.10, down 57 cents, or 1.1 percent, from their last settlement. WTI retreated to lows just below $48.20 following the data and remained on the defensive in Asian trading on Wednesday.
  • Is North Korea the mastermind behind the massive cyber-attack?

    Is North Korea the mastermind behind the massive cyber-attack?

    Economy

    Since Friday, banks, hospitals and state agencies have been among the victims of hackers exploiting vulnerabilities in older versions of Microsoft computer operating systems and demanding payment in the virtual currency Bitcoin. Countless surgeries and appointments were cancelled amid the cyber attack. And past year, the group was accused of stealing $81 million from a bank in Bangladesh.
  • Travel chaos as British Airways hit by global system crash

    Economy

    BA said they were working to restore services from Sunday, but warned that some delays and disruption could continue. In Saturday's event, BA passengers complained of difficulty in getting information from airline staff at airports. While British Airways could face a one-off financial hit from the cancellations, the risk to its reputation among customers could be more damaging in the long-term effect.
  • Trump says North Korea shows 'great disrespect' to China with missile

    Economy

    March 6: North Korea fires four ballistic missiles that fly about 1,000 kilometers (620 miles). President Donald Trump has alternated between bellicosity and flattery in his public statements about North Korea , but his administration still is working to solidify a policy to handle its nuclear ambitions.
  • Maiden jet flight lifts Russia's ambition

    Maiden jet flight lifts Russia's ambition

    Economy

    Russia's newest airliner took its first flight Sunday with little fanfare but a reportedly substantial order book. The unusually busy year has featured a parade of maiden flights by new models from airplane makers around the world. The twin-engine MS-21 will be built in two variants: The MS-21-300 which will have 160-211 seats, and the later MS-21-200 which will have 130-165 seats.
  • Arsenal beat Chelsea to win FA Cup

    Economy

    The Arsenal players want him to stay and Wenger revealed after the game that a decision will be made in a board meeting with chairman Sir Chips Keswick and majority shareholder Stan Kroenke on Tuesday. "Per Mertesacker for me is a fantastic example for any young professional football player", Wenger said. First he appeared to block the ball back into the danger area with his hands before running on to shoot past Thibaut Courtois with Chelsea's defence frozen.
  • BHEL Q4 profit falls 57%, misses estimates

    BHEL Q4 profit falls 57%, misses estimates

    Economy

    Net profit was Rs 216 crore ($33.47 million) in the quarter ended March 31, compared with Rs 506 crore a year earlier. NTPC's impairment loss was of Rs 783 crore in Ratnagiri Gas And Power Pvt Ltd, which is a joint venture of the company.
  • New Analyst Ratings For Moneysupermarket.com Group (LON:MONY)

    Economy

    Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Therefore 58% are positive. Marston's PLC had 103 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Hold" rating by Bankhaus Lampe on Monday, August 3.
  • 'GST will help in evolving India as tax-compliant society'

    'GST will help in evolving India as tax-compliant society'

    Economy

    The GST Council finalised four tax rates of 5, 12, 18 and 28 per cent to apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since the Independence. Members of the Delhi Legislative Assembly on Monday reviewed various aspects of the Goods and Services Tax (GST) proposal being introduced by Centre by July 1 and according to Deputy Chief Minister Manish Sisodia cleared some of their doubts on it.
  • Ford to cut 10pc of global workforce, report says

    Economy

    However, the reported move could put Ford on a collision course with U.S. President Donald Trump , who is trying to boost auto employment in the nation. Ford's plans to cut jobs were first reported by The Wall Street Journal on Monday night. And a couple of people have said, 'Well, does the Ford family care about the stock price?' The short answer is yes, a lot.
  • Cedar Realty Trust Inc (CDR) Upgraded to C at TheStreet

    Economy

    The firm has "Market Outperform" rating given on Tuesday, August 23 by JMP Securities. On Monday, May 16 the stock rating was upgraded by Evercore to "Buy". It also increased its holding in Omnova Solutions Inc (NYSE:OMN) by 55,000 shares in the quarter, for a total of 110,500 shares, and has risen its stake in Manulife Finl Corp (NYSE:MFC).