Wednesday, 16 August 2017
Latest news
Home » Finance

Finance

Kazakhstan supports oil cut deal prolonging

That time, OPEC agreed to slash the output by 1.2 million barrels per day from January 1, while non-OPEC oil producers such as Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South Sudan agreed to reduce output by 558,000 barrels per day starting from January 1 for six months, extendable for another six months. Read More »

OPEC extends oil output curbs but glut fears persist

Many of them rely heavily on energy revenues and have had to burn through foreign-currency reserves to plug holes in their budgets. Non-OPEC countries led by Russian Federation chipped in with a further 600,000-barrel reduction. It has since maintained oil output levels at roughly 200,000 barrels per day since making the pledge. Both benchmarks are up more than 15% from May lows. Read More »

Oversold: Oil traders punish OPEC for promising too much

At around 5.20 p.m. London time, Brent was trading 4 percent lower at $51.80 a barrel with the U.S. West Texas Intermediate (WTI) benchmark edging down by almost the same amount to sit at $49.09 a barrel. WisdomTree ETF strategist Nizam Hamid said: "The falls may provide a buying opportunity for investors who believe in the long-term story for oil, but they also highlight the environment of heightened volatility which the commodity is facing". Read More »

Report says Trump son-in-law Kushner sought secret line to Moscow

The Democratic National Committee (DNC) wants U.S. President Donald Trump to fire his son-in-law Jared Kushner from his position as White House advisor, after reports surfaced that the latter sought to establish a private communications channel between the President's transition team and Russian Federation. Read More »

Scorpio Tankers to Merge With Navig8

perth_map

The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 12 estimates from the analysts who have weighed in on projected earnings. The company reported an impressive total revenue of 522.75 Million in the last fiscal year. The company reported the earnings of $-0.07/Share in the last quarter where the estimated EPS by analysts was $-0.1/share. Read More »

Trump aides keep mum on Kushner-Russia reports

perth_map

After the November 8 election, Kushner and Flynn also discussed with Kislyak the idea of creating a back channel between Trump and Russian President Vladimir Putin that could have bypassed diplomats and intelligence agencies, two of the sources said . Read More »

Two arrested in morning raids

perth_map

Although the Conservatives pledged to protect police budgets in real terms in 2015, this came off the back of five years of deep cuts amounting to 18% in real terms. Fifteen-year-old Millie Robson, wearing an Ariana Grande tee shirt, told the queen she had won VIP tickets to the pop star's concert. A woman arrested in a raid in Blackley, Manchester , was released late Wednesday without charge, police said. Read More »

The reason behind Macron's firm handshake with Trump, revealed

perth_map

At their first meeting, ahead of a North Atlantic Treaty Organisation summit in Brussels on Thursday, the two men locked hands for so long that knuckles started turning white. "Macron plays the Trump handshake game well". Instead, Macron maintained control of the shake, exerting pressure and resisting Trump's efforts to mark him as a submissive in the global pecking order. Read More »

Wexford Capital LP Raised Holding in Energy Transfer Prtnrs LP (ETP)

perth_map

The Zimmer Partners Lp holds 2.86 million shares with $55.28M value, up from 2.75M last quarter. The overall volume in the last trading session was 5.54 million shares, versus the average volume of 6.54 million shares. The Illinois-based Northern Trust has invested 0% in Energy Transfer Equity LP (NYSE:ETE). The shares have moved -0.83% on the week. Blackrock Investment Mgmt Ltd Com stated it has 21,140 shares. Read More »

President Trump calls for DOJ investigation into alleged Manchester leak

The New York Times has defended the publication of leaked photographs appearing to show the bomb used in the Manchester terror attack and said the decision was "responsible". In Manchester's St. Ann's Square, where a sea of floral tributes grows by the hour, a crowd sang "Don't Look Back in Anger" - a song by the Manchester band Oasis. Read More »

'WannaCry' shares code with Sony hack, raising possibility of N. Korea connection

perth_map

A blog post written by the group promised from June to release tools every month to anyone willing to pay for access to some of the tech world's biggest commercial secrets. Clues pointed to Lazarus, and the U.S. Federal Bureau of Investigation went on to conclude that North Korea was behind the breach. Shares in firms that provide cyber security services rose sharply, led by Israel's Cyren Ltd and US -based FireEye. Read More »

RSP Permian Inc (RSPP) Shares Bought by US Bancorp DE

Whirlpool Corp. now has $13.35B valuation. Since December 8, 2016, it had 0 buys, and 8 selling transactions for $27.09 million activity. It has underperformed by 16.70% the S&P500. Assetmark Inc, a California-based fund reported 494 shares. Cambrian Capital Limited Partnership holds 83,250 shares. Barclays Public Ltd owns 57,621 shares or 0% of their U.S. Read More »

Relief for Nigeria, as OPEC extends oil output freeze

Hong Kong's Hang Seng was almost unchanged at 25,639.27 and the Shanghai Composite index in mainland China climbed ended less than 0.1 percent higher at 3,110.06. "This time around, the production agreement may be more hard to hold together". Some of the sharpest moves came in currencies , where Britain's pound fell over 0.5 percent to $1.2861 and looked set for its biggest one-day slide in over three weeks and steepest one-week decline since early April. Read More »

Viacom and Altice USA Announce Advanced Advertising and Content Distribution Partnership

perth_map

Suddenlink was the largest of a group of some 60 small cable operators that dropped Viacom in 2014, saying that the company was asking for a almost 50% increase in so-called carriage fees. On average, equities analysts expect that Viacom, Inc. will post $3.88 EPS for the current year. Investors of record on Thursday, June 15th will be issued a dividend of $0.20 per share. Read More »

European Markets Mixed After OPEC Disappointment, Weak Sterling

perth_map

U.S. crude prices were flat at $48.88 on Friday, after losing 4.8 percent overnight, and were set to end the week 2.8 percent lower. Nymex July gasoline futures were recently up 0.8% at $1.6213 a gallon, diesel fell 0.2% to $1.5514 and ICE gasoil declined 3.3% to $458.75 per metric ton. Read More »

Eye-Catching Stocks : Callon Petroleum Company (NYSE:CPE), Abercrombie & Fitch Co. (NYSE:ANF)

perth_map

Shares of Abercrombie & Fitch Co. Vetr upgraded Abercrombie & Fitch Co. from a "buy" rating to a "strong-buy" rating and set a $12.88 price objective for the company in a research report on Tuesday, March 21st. DISCUSSION QUESTIONS: What do you think American Eagle Outfitters would look to do if it acquired Abercrombie & Fitch in a joint deal with Cerberus Capital Management? The analysts wrote, " ANF reported 1Q EPS of ($0.91), versus FBR/consensus of ($0.68)/($0.70), including an ... Read More »

Trump to decide next week on Paris accord

Italian officials have suggested it will be shorter than 10 pages, compared to 32 pages at the last G-7 summit in Japan. Cohn stressed Friday that the president was simply being critical of the US trade deal with Germany. The agreement keeps a provision from early meetings in the face of a new approach from President Donald Trump, who has insisted trade must be fair as well as free. Read More »

Hot Stock Overview: Abbott Laboratories (ABT)

perth_map

More notable recent Abbott Laboratories (NYSE:ABT) news were published by: Nasdaq.com which released: "Century Capital Management, LLC Buys AbbVie Inc, Abbott Laboratories, AMETEK ..." on May 09, 2017, also Startribune.com with their article: "26 patients have died after replacing controller for Abbott blood pump at home" published on May 24, 2017, Seekingalpha.com published: "Abbott's Interesting Quarter" on May 05, 2017. Read More »

Airline passenger opens door, jumps onto tarmac, authorities say

perth_map

While two passengers tried to intervene he managed to open the aircraft door and jump out of the plane onto the tarmac below. A 22-year-old man faces a federal charge after he allegedly attempted to bite a flight attendant before opening an aircraft door and jumping onto the tarmac below. Read More »

AstraZeneca plc (AZN) Getting Somewhat Positive News Coverage, Report Finds

The firm has "Buy" rating by Deutsche Bank given on Friday, December 11. The Company offers post trade services, providing risk and balance sheet management solutions. It now has negative earnings. About 46,193 shares traded. ImmuPharma PLC (LON:IMM) has risen 6.00% since April 17, 2017 and is uptrending. It has by 0.00% the S&P500. Read More »

China's credit rating downgraded to 'A1' on rising debt

perth_map

As a outcome, notwithstanding the moderate general government budget deficit in 2016 of around 3 per cent of GDP, the government's direct debt burden is expected to rise gradually towards 40% of GDP by 2018 and closer to 45% by the end of the decade, in line with the 2016 debt burden for the median of A-rated sovereigns (40.7%) and higher than the median of Aa-rated sovereigns (36.7%). Read More »

Thiem, Zverev aiming to upset old guard at French Open

He's still trying to find his right game and consistency. The 30-year-old Nadal, who retired last year before his third round match with a wrist injury, has a 72-2 record at the clay-court major and is the only player with nine trophies from one Grand Slam tournament . Read More »

Munster v Scarlets: Guinness PRO12 final talking points

perth_map

Kildare man Tadhg Beirne starts again in the second row, while Steff Evans is retained on the wing after the red card he was shown last week was rescinded . Scarlets head coach Wayne Pivac has named an unchanged team - Owens' Lions colleagues Liam Williams, who joins Saracens this summer, and Jonathan Davies both start - as the west Wales region chase a first PRO12 crown. Read More »