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OPEC, non-OPEC hold informal talks to nail new oil cuts

Oil has been buoyed in recent days by reports that Saudi Arabia has garnered support within OPEC for a nine-month extension of ongoing production cuts. So, rising rigs could limit oil's upside even if OPEC extends its production cuts. "We're not going to see gas prices going back to 2014 levels", said Decker. Read More »

Boeing will build DARPA's XS-1 experimental spaceplane

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The reusable experimental spaceplane is created to deliver small satellites into orbit with high launch responsiveness. In its pursuit of aircraft-like operability, reliability, and cost-efficiency, DARPA and Boeing are planning to conduct a flight test demonstration of XS-1 technology, flying 10 times in 10 days, with an additional final flight carrying the upper-stage payload delivery system. Read More »

China stocks steady, small-caps offset Moody's downgrade

Fitch though has maintained its A plus ratings with stable outlook since 2007. Though progressing reforms are likely to change the economy and financial system over time, they might not stop rising debt or the consequent growth in contingent liabilities for the government, according the agency . Read More »

Stockpiles Disappoint, Oil Prices Surge

Asked whether deeper cuts would be discussed, he said: "Not at this point, I don't think so". Two OPEC sources said a one-year extension was also an option, though others said most discussions were centering on nine months due to weak seasonal demand in the first quarter. Read More »

Philippines' Duterte warns terrorists: 'I'll be harsh'

Duterte said a local police chief was stopped at a militant checkpoint and beheaded, and added that he may declare martial law nationwide if he believes the group has taken a foothold. Islamic State terrorists stormed a cathedral in the Filipino city of Marawi on Tuesday, attempting to seize control of the city as well as taking a Catholic priest and more than a dozen churchgoers hostage. Read More »

Pope Francis and Trump Discuss Climate Change, World Peace

The pope said a year ago a man who thinks about building walls and not bridges is "not Christian". The pontiff has been a vocal advocate for aiding refugees, particularly those fleeing the violence in Syria, deeming it both a "moral imperative" and "Christian duty" to help. Read More »

23 million more uninsured with GOP health bill, analysts say

The new CBO report will serve as an important report card for Senate Republicans as they deliberate over their own version of the health care bill. Speaker Paul Ryan (R-WI) that the bill would be passed to the senate for a vote in the coming weeks last Friday. The disgust with this bill is not only limited to liberals, as conservative wonks are dismayed by this score. Read More »

Iran's president criticizes US after Trump's sharp words

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The Elders put out a statement Tuesday welcoming Rouhani's re-election "as a sign that the Iranian people clearly desire peaceful relations with the outside world and a more tolerant society at home". The Sunni kingdom and Shiite power Iran haven't had diplomatic relations since early 2016. The Iranian leader, who was recently re-elected to serve a second term, also slammed a multibillion-dollar arms deal signed between the United States and Saudi Arabia during the visit, arguing ... Read More »

Ivanka Trump Says Saudi Progress on Women 'Encouraging'

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The central achievement of Trump's visit to Saudi Arabia was almost $110 billion in deals sealed on Saturday in which Riyadh will buy US arms to help it counter Iran , with options running as high as $350 billion over 10 years. During a speech in Riyadh on Sunday in which he urged Arab and Islamic leaders to do their share to defeat Islamist militants, Trump referred to "Islamic extremism", although advance excerpts had him saying " Islamist extremism ". Read More »

Symantec says 'highly likely' North Korean hacking group behind ransomware attacks

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Security Researchers have found additional digital footprints which connect this month's WCry ransomware attack to the same hacking group which attacked Sony Pictures in 2014 and also the Bangladesh Central Bank previous year. Best. WannaCry used a flaw in Microsoft's Windows operating system and a program the U.S. National Security Agency developed to take advantage of it. Read More »

Advisory Services Network LLC Buys Shares of 68692 Ford Motor Company (F)

Its down 26.28% from 313,900 shares previously. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer's stock worth $184,000 after buying an additional 42 shares in the last quarter. The stock has "Hold" rating by Argus Research on Monday, August 15. Therefore 48% are positive. F&M Bank had 32 analyst reports since August 7, 2015 according to SRatingsIntel. Read More »

Big Bear honors the fallen on Memorial Day

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Ceremony at Legion follows. Parade Route - The 2017 Newtown Memorial Day Parade , organized by American Legion Post 440, will step off at 9 a.m. on Monday, May 29 at the Commons West Building (Newtown-Yardley Road). Speaker for this event will be the highly decorated and retired Chaplain Leonard Dodson, who will give us a vision of his war experience as he ministered to men and women fighters all over the world. Read More »

Ford confirms 1400 job cuts and cost-cutting

Reuters also learned from a source familiar with the plans that Ford intends to offer attractive incentives for early retirement so that it can cut the number of salaried employees by October 1. Ford has roughly 30,000 salaried workers in the USA and 200,000 salaried employees worldwide . CEO at Ford Mark Fields said the automaker was continuing its focus on cost and that is not just for how the environment is now, but preparing for a possible downturn in sales. Read More »

Manchester terror attack: Everything we know

The minister said she was "not surprised at all" that the attack had been claimed by the Islamic State group, but said there was no information yet to confirm the extremist organisation's active direction. For example, United States officials told CNN that the attack appeared to be a suicide bombing and that a male at the scene had been identified as the probable suicide bomber. Read More »

Twenty in critical condition after Monday's Manchester bombing

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Britain raised its threat level from terrorism to "critical" after an emergency government meeting late Tuesday amid concerns that the 22-year-old Abedi may have accomplices who are planning another attack. "Did he build the bomb itself, or did someone build it and give it to him?" Four men have been arrested in south Manchester in connection with the bombing. Read More »

The US Imposes Sanctions on Venezuela's Supreme Court Judges

The unrest has left 43 people dead since April 1, prosecutors say. Venezuela is still hoping that Barbados will support of the embattled Nicolas Maduro administration in an ongoing fight with the Organization of American States (OAS), despite a vote last month by Bridgetown against the South American nation. Read More »

Chelsea celebrate title with 4-3 victory against Watford

Another defender, Spain's Cesar Azpilicueta , put Chelsea ahead in the 36th minute and striker Michy Batshuayi scored Chelsea's third goal four minutes into the second half. The Belgian , 23, has been an afterthought for Antonio Conte for much of the season, but scored the goal that won the Blues the Premier League title at West Brom on Friday night. Read More »

Huma Abedin divorcing Anthony Weiner

The 52-year-old former NY representative entered the plea in Manhattan District Court Friday afternoon to a charge of transferring obscene material to a minor. At the risk of understatement: This is not Weiner's first sexting scandal . Weiner knew the girl was underage, the teen and father told the publication. Read More »

Banco Santander, S.A. (SAN) PT Set at €5.95 by Citigroup Inc

HSBC Holdings plc upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a reduce rating to a hold rating in a research report released on Thursday. We see here that Banco Santander (Brasil) S.A. (NYSE:BSBR) is -7.80% away from the 20-Day Simple Moving Average. Credit Suisse Group AG reiterated a "neutral" rating and set a $26.00 price objective (up from $25.00) on shares of Banco Santander-Chile in a research note on Wednesday, April 19th. Read More »

Moody's downgrades China, expecting financial strength to erode as debt rises

Just over a year ago, Moody's lowered China's credit-rating outlook from stable to negative because of rising debt, falling currency reserves and uncertainty over the government's ability to carry out reforms. Rival ratings agency Standard & Poor's downgraded its outlook to negative in the same month. Moody's is also expecting indirect and contingent liabilities to increase, with estimations that the 2016 outstanding amount of policy bank loans and of bonds issued by Local Government ... Read More »

Oil stable as market expects output cut to be extended

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But in the longer term, there are concerns among OPEC countries that higher oil prices may end up being counterproductive as they encourage US shale gas producers to re-enter the market - a development that could weigh on oil prices. United States light crude oil was unchanged at $51.47. The supply reductions agreed on late previous year by OPEC and 11 non-members were initially meant to run for six months from January, but the slower-than-expected decline in surplus inventories ... Read More »

Salesforce.com, inc. (CRM) Position Boosted by Zweig DiMenna Associates LLC

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Earnings-per-share (EPS) ratio for CRM is 0.19, exhibiting the allocation of the profit to each of its outstanding share of common stock. On Thursday, April 27th, Keith Block sold 10,000 shares of salesforce.com, inc. Following the transaction, the chief executive officer now directly owns 34,195,300 shares of the company's stock, valued at $3,070,737,940. Janus Capital Management LLC increased its position in shares of salesforce.com, inc.by 24.3% in the fourth quarter. Read More »

UN calls on North Korea to stop missile tests

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It was the latest test-firing in a series this year as Pyongyang steps up its efforts to develop an intercontinental ballistic missile capable of hitting the United States. " Seoul's assurance came amid concerns that South Korea's plan to seek engagement with North Korea may weaken coordinated fronts in pressuring North Korea over its nuclear and missile programs". Read More »

US Treasury yields, dollar dip on Fed minutes, oil pulls back

Here's the problem: Reducing the Fed's balance sheet at the same time as the central bank is raising interest rates adds an unnecessary element of complexity to the monetary tightening process. The retail sector issued more results that disappointed. Amid a raft of housing data due is a report that is expected to show existing home sales fell in April, compared with March. Read More »