Markets

by | November 15, 2018 | 18:52

At the time of writing Brent crude traded at US$67.02 a barrel, up modestly from yesterday's close, after earlier this week plunging close to US$65 a barrel under the double blow of rising supplies and a call from President Trump to OPEC to refrain from production cuts.

by | November 14, 2018 | 10:28

Energy Information Administration (EIA). National oil companies in the Middle East, home to 48 percent of the world's reserves, are bucking the trend. It is only the emotions that are somewhat unstable", he said at the Bloomberg New Economy Forum. But no matter what the situation, OPEC will remain the most effective tool to correct prices and restore market balance.

by | November 10, 2018 | 11:59

Global benchmark Brent crude oil fell by 83 cents or 1.17 percent to $69.82 a barrel, while US light crude futures were down 1.24 percent at $59.92 a barrel. "Self-insured Iranian tankers engaging in unsafe behavior, with many tons of crude oil on board, is courting environmental and financial disaster". "In the case of Saudi Arabia our regional analyst believes that fiscal deficit will continue to improve but they project the full year deficit at 3.3 percent with Brent assumed at ...

by | November 10, 2018 | 11:46

A requirement of the airworthiness directive is for operators of the two 737 models concerned to revise the aircraft's flight manual to provide the crew with horizontal stabiliser trim procedures to follow under certain conditions. A Lion Air passenger jet underway involved in another accident, just a week after a plane from the Indonesian airline crashed with the loss of all 189 people on board.

by | November 08, 2018 | 17:20

Of the US stores being closed, 75 percent have another Lowe's within 10 miles, and 90 percent have a Home Depot store within 10 miles, Sigman wrote . In a research note Monday, Credit Suisse analyst Seth Sigman said Lowe's decision is "a positive step towards improving productivity of the chain".

by | November 08, 2018 | 12:39

The crashed jet reported discrepancy in its angle of attack sensor during a flight the previous day, and device was replaced in Bali after the pilots reported a problem with airspeed reading, the Indonesian transportation safety regulator said Wednesday.

by | November 05, 2018 | 06:01

His comments came one day after Trump spoke with Chinese President Xi Jinping over the phone. Kudlow, who heads the White House's National Economic Council, added that Trump wasn't making a promise, but giving a "very important hypothetical".

by | November 03, 2018 | 05:13

Brent has declined from a 2018 high of $86.74 in early October amid growing concern over a possible slowdown in global growth as the U.S-China trade dispute heats up and hits emerging market economies in particular. The U.S. Energy Information Administration report on crude oil inventories is due to be released on Wednesday at 10:30a.m. EDT. After hitting a multiyear high just one month ago, USA light crude has lost almost 20 percent and has shown a pattern that hasn't been seen in some ...

by | October 31, 2018 | 16:58

This section has never been invoked before, not even during India's most trying economic crises. Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets , ignite economic fire, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of global investors, and longer life spans.

by | October 29, 2018 | 20:00

They had grown up together, she told reporters, showing a picture of the smiling couple on their wedding day. 'I immediately started crying'. Correction: An earlier version of this story incorrectly said 198 people were on board. It began gaining speed in the final moments and reached 397mph before data was lost when it was at 3,650ft. The MAX 8 has a top capacity of 178 to 200 passengers, depending on the configuration of the first-class cabin, according to Boeing .

by | October 27, 2018 | 06:08

On September 4, 2018, Amazon became the second publicly traded USA company after Apple to reach the $1 trillion (£768.8bn) market cap valuation, attesting its rapid growth and prominence within both the US economy and the worldwide technology sector.

by | October 26, 2018 | 14:44

They also claimed that there are concerns Russian agencies were also among those listening to Mr Trump's calls . The article Chunying is responding to is a recent New York Times story . The Chinese are said to be using information picked up from monitoring Trump's calls to figure out who he listens to the most. The Chinese have pieced together a list of people, including Blackstone Group chief Stephen Schwarzman and Las Vegas casino magnate Steve Wynn, whom Mr Trump regularly speaks to ...

by | October 26, 2018 | 09:27

Trump has also insisted that killing will not interfere with USA arms sales to Saudi Arabia , citing a $110bn deal with Riyadh he announced a year ago. His remains have not yet been found. However, Trump also said that he wanted to believe that rogue operatives were behind the Khashoggi killing. "But we have enough right now to determine that the government of Saudi Arabia is responsible and is implicated".

by | October 24, 2018 | 09:43

A lot of details remain unknown, but The Boring Company's ultimate goal is to build a high-speed underground public transportation system known as the Loop. One of the proposed routes would take passengers from the District to NY in under 30 minutes. He added the shuttles themselves will have a top speed of 155 miles per hour inside the tunnel, surpassing the results of an earlier electric sled test which reached 125 miles per hour.

by | October 24, 2018 | 08:12

In Michigan, winners are anonymous unless they win Mega Millions or Powerball prizes. Certain combinations of the five white balls and one gold Mega Ball can get you anywhere from $2 up to $1 million . "Our obsession with lotteries, with gambling, is that unicorn feeling of, like, 'maybe it'll be me, '" CBS News business analyst Jill Schlesinger said.

by | October 24, 2018 | 07:28

Khashoggi vanished after he entered the Saudi Arabian consulate in Istanbul on October 2 to retrieve marriage documents. Trump has repeatedly declined to say if Crown Prince Mohammed bin Salman was behind or aware of the killing as many USA officials and foreign governments have concluded, in part because numerous crown prince's associates were involved in the killing.

by | October 22, 2018 | 19:11

In addition, the letter also noted that the budget proposal could even see it being rejected by the EU. Meanwhile, the Italian government is supposed to reply to the European Commission's letter on Monday. Deputy Prime Minister Luigi Di Maio , who heads the Five Star Movement, blamed Brussels for the movement, saying in a video posted on his Facebook page that the spread widened "because the markets think that the government is no longer united".

by | October 22, 2018 | 19:05

While the electric-car maker was always expected to announce a less expensive variant of the Model 3 , there's been no discussion of a mid-range version that would come in between Tesla's long-range and promised standard-battery versions.

by | October 22, 2018 | 18:39

The European Union says the emerging details of Saudi journalist Jamal Khashoggi's death are "deeply troubling" and that a "continued thorough, credible and transparent investigation" is needed. "At moments like this it is the job of a friend to tell the truth; and the truth is that the killing of Khashoggi was a barbaric act to which we in Britain refuse to turn a blind eye", Britain's former foreign minister, Boris Johnson, said on Twitter Monday.

by | October 20, 2018 | 11:14

Officials from the USA and Mexico agreed on a plan of action in response to the approaching horde after President Trump threatened via Twitter to not only cut foreign aid funding, but to deploy the military to close the southern border as well.

by | October 19, 2018 | 19:14

The previous record for the Mega Millions jackpot was $656 million in March, 2012. Lottery players will have slightly better odds of winning just one of the jackpots. Make copies of all the tickets and pass them out. The next Powerball drawing is at 11 p.m. EST Saturday. For perspective, players are more than 25,000 times more likely to shoot a hole-in-one on the golf course.

by | October 19, 2018 | 17:28

The Foreign Minister of the Netherlands, Stef Blok, said he was pulling out because "the disappearance of Khashoggi is a very serious matter". President Donald Trump is reluctant to call out the Saudis and has cited their denials and said he doesn't want to jeopardise the sale of military equipment worth over $1 billion.

by | October 18, 2018 | 09:06

India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40% of the overall increase in global demand during the period, OPEC's secretary general said on during the weekend. "Firm volumes are the ones that oil companies commit to necessarily take and there is an optional volume on top of it which they can dip into if the need arises", a top official at a state-run refiner said.

by | October 17, 2018 | 00:20

Both totals are expected to rise. No one won the drawing Saturday night, so the jackpot is now at an estimated $354 million. The last time the Powerball jackpot was won happened back on August 11. IN leads the nation in Powerball jackpot wins with 39. So don't quit your day job just yet. Mega Millions is not the only game in town. The winning numbers for the Friday, Oct.

by | October 15, 2018 | 08:54

Brent crude settled up 17 cents a barrel at $80.43, after dropping 3.4 percent on Thursday. WTI is on track for a 3.5 percent drop this week. China's daily crude oil imports in September hit their highest level since May, customs data showed on Friday.