http://image.news-herald.com/storyimage/HR/20170621/BUSINESS/170629877/AR/0/AR-170629877.jpg&maxh=400&maxw=667

Economy

Traders Sal Suarino, left, and Patrick Casey work on the floor of the New York Stock Exchange, Wednesday, June 21, 2017. Oil has lost 20 percent in value this year as a global oversupply continues to weigh on prices despite efforts by producers to reduce output.
  • Provident leads financial stocks lower at FTSE open

    Provident leads financial stocks lower at FTSE open

    Economy

    Barrick Gold Corp now has $18.15 billion valuation. The pan-European Stoxx Europe 600 index was down 0.8 percent at 386.18 in late opening deals after declining 0.7 percent in the previous session. Price T Rowe Associate Inc Md stated it has 0.01% of its portfolio in Provident Financial plc (LON:PFG). Lsv Asset Mngmt has invested 0.05% in Provident Financial plc (LON:PFG).
  • Analysts react to Amazon's $13.7B deal for Whole Foods

    Analysts react to Amazon's $13.7B deal for Whole Foods

    Economy

    Despite rumors that soon-to-be-owner Amazon might slash jobs by automating portions of Whole Foods stores, CEO John Mackey is stressing that the deal's still basically a match made in heaven. But he did hint that making the customer top of mind could require a decreased emphasis on how well it treats employees, who are referred to as "team members".
  • Saudi Arabia says it disrupts attack on offshore oil field

    Saudi Arabia says it disrupts attack on offshore oil field

    Economy

    The detainees are being questioned. The vessel, which was seized last Friday, was carrying explosives and the those captured meant to conduct a "terrorist act" in Saudi territorial waters, it claimed. After capturing one of "three small boats, bearing red and white flags", the vessel was discovered to be "loaded with weapons for subversive objective", according to the government-run Saudi Press Agency .
  • Share of global index delivers breakthrough for China

    Share of global index delivers breakthrough for China

    Economy

    The KOSPI closed at 2,357.53 on June 21, down 11.70 points, or 0.49 percent, from the previous day. The inclusion of Chinese A shares to the MSCI indexes does not signify that the challenges faced in China's markets would have overcome, stated Nordea Bank.
  • USA dollar closes higher on Taipei forex

    USA dollar closes higher on Taipei forex

    Economy

    The two-year and ten-year yield spreads have fallen below the 80-basis-point mark as bond markets are pricing in lower inflation premiums for longer maturity bonds. "It was easily justified giving how far they had outrun, but I can't believe it was as short-lived". That's because long-dated debt is heavily influenced by pension funds, hedge funds and other participants that lend across the economy, often known as the "shadow banking" industry, and not the US central bank.
  • Highland Reel wins Prince of Wales's Stakes

    Highland Reel wins Prince of Wales's Stakes

    Economy

    Tomorrow and Day 3 of Royal Ascot will see another six race card, with the big race of the afternoon being the Gold Cup, due off at 4.20pm GMT. Barney Roy sprung a surprise on day one at Royal Ascot by winning the St James's Palace Stakes, with favourite Churchill only finishing in fourth.
  • FIFA satisfied with attendance at Confed Cup games in Russia

    FIFA satisfied with attendance at Confed Cup games in Russia

    Economy

    European champion Portugal goes into Wednesday's game against Russia on the back of a frustrating 2-2 draw with Mexico - Santos suggested Tuesday he may shake up the squad - while the Russians are riding high in Group A after beating New Zealand 2-0 in their opener.
  • WannaCry ransomware causes Honda plant shutdown in Japan

    WannaCry ransomware causes Honda plant shutdown in Japan

    Economy

    Mike Ahmadi, global director of critical systems security at Synopsys, said: "A plant shutdown can cost millions of dollars per day in lost production and, in any event, is likely to far exceed the cost of the ransom". A spokesperson for Honda reported the company attempted to secure its systems in May when the WannaCry ransomware attack began hitting computer systems but was unable to successfully protect all of its network from the attack.
  • London mayor unveils plan to reduce dependency on cars

    Economy

    With ideal timing, the unveiling of the Mayor of London's wide-ranging new transport strategy yesterday coincided with the triggering of an emerging air quality alert, prompted by high temperatures and southerly winds that sent air pollution levels soaring.
  • Cuba blasts Trump's decision to revamp Obama-era deal

    Economy

    This is likely to affect pending hotel projects with Cuban companies that have ties to the military. Cuba later denounced the move as a setback in U.S. It was a policy shift by the United States government towards Cuba. Obama had announced in December 2014 that he and Castro were restoring ties and less than a year later, the US Embassy in Havana was re-opened with the then US president making a historic visit to the Communist country in 2016.
  • Will Cedar Realty Trust Inc (CDR) Short Squeeze Soon?

    Economy

    On Monday, October 3 the stock rating was downgraded by Boenning & Scattergood to "Neutral". Since the beginning of the calendar year, company shares have performed -16.22%. Therefore 54% are positive. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, January 18. (CDR) Ex-Dividend Date Scheduled for February 08, 2017" published on February 07, 2017 as well as Seekingalpha.com's news article titled: "Cedar Realty Trust's (CDR) CEO Bruce Schanzer on Q4 2016 ...