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Opec strikes deal to cut oil output for nine months

Al-Falih dismissed the market reaction on Thursday, noting that world economies are growing and continue to depend largely on crude as their lives' blood. Some investors are disappointed after speculating OPEC might announce some additional action, said Giovanni Staunovo, an analyst at UBS Group AG. "Shale is an important variable but we don't believe it's going to significantly derail or affect what we're doing". Read More »

Hall of Fame pitcher, US Senator Jim Bunning dead at 85

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Senator Bunning, who won 224 games in a 17-year major-league career, mostly with the Detroit Tigers and the Philadelphia Phillies , pitched the first flawless game in modern National League history and became the first pitcher after 1900 to throw no-hitters in both the American and National Leagues. Read More »

OPEC extends oil supply curbs as glut persists

A report published after the close of US trading Wednesday from analytical group Wood Mackenzie found only muted support for crude oil prices regardless of the outcome of the meetings in Vienna . Michele Della Vigna, co-head of European equities at Goldman Sachs, said deeper cuts might actually be the best strategy. Last year, the oil cartel made a decision to reduce crude production by 1.8 million barrels a day to offset the global oversupply for the first six months of this year. Read More »

Trump eyes White House overhaul, outside lawyers and PR team

Yet in a blizzard of tweets on Sunday, the president denounced the media's use of unnamed sources as " fake news ", and again took aim at reporters as "the enemy". Trump aides traveling with the president in Europe have refused to address the contents of Kushner's December meeting with the Russian diplomat. Congressional Democrats on Sunday demanded to hear directly from top White House adviser Jared Kushner over allegations of proposed secret back-channel communications with Russian ... Read More »

Encana Corp (ECA) Short Interest Down 18.7% in April

The company's shares were assimilated at $10.65 per share worth to an investment of some $130,995 on account of Woitas Clayton Harvey. Based on an average trading volume of 11,175,895 shares, the short-interest ratio is presently 1.5 days. Encana Corp (NYSE: ECA ) last posted its quarterly earnings data on Tuesday, May 2nd. 6 analysts on average are expecting the company to report revenue of $819.03 Million for the current quarter. Read More »

Hall of Famer Jim Bunning dead at 85

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His death was confirmed by his former Senate chief of staff, Jon Deuser, according to The Associated Press. The staunchly conservative Republican from Northern Kentucky's Campbell County easily won four successive two-year terms before giving up his House seat to run for the U.S. Read More »

OPEC extends output cut deal to March next year

The deal agreed previous year saw the group's member countries reduce production by 1.2 million barrels a day to 32.5 million barrels, effective from January, and it has succeeded in pushing prices back above the $50 benchmark. The price of Brent crude dropped by over 4% to $51.32 a barrel after an announcement that oil-producing nations have agreed to continue production cuts. Read More »

Budget director gets heat over Trump's proposals

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Overall, the blueprint calls for $3.6 trillion in spending cuts over the next decade, with large chunks of that from health care spending for low-income populations. Trump's budget has come under fire from both sides of the aisle for its deep spending cuts to almost all federal programs and agencies, aside from an increase in funding for defense, homeland security, veterans affairs, and child care credits. Read More »

China reportedly installs rocket launchers on disputed South China Sea island

All countries involved have agreed not to release the framework document, but to maintain it as an internal document at this time since the consultation will continue and they do not want any external interference, Liu said. In a ruling by a year ago, the Permanent Court of Arbitration in The Hague clarifies Philippine sovereign rights in its 200-mile Exclusive Economic Zone to access offshore oil and gas fields, including the Reed Bank, 85 nautical miles off its coast. Read More »

UK Conservative Party's Lead Narrows to 10 Points

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Jeremy Corbyn will accuse the Scottish National Party of "passing on Tory austerity" as he takes Labour's General Election campaign to Glasgow on Sunday. Although the results are less dramatic than Friday's YouGov survey, which found the Conservative advantage squeezed to just five points, they tally with the trend in a number of polls which have shown Labour gaining on the Tories after having begun the election race as much as 25 points adrift. Read More »

Analysts At Berenberg Reiterated Unilever PLC (LON:ULVR) As Buy

The company was maintained on Tuesday, February 16 by Stifel Nicolaus. Morgan Stanley has "Underweight" rating and GBX 1300 target. Out of 3 Wall Street analysts rating Ecolab, 1 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". Atlas Browninc invested in 0.37% or 6,630 shares. Valinor Management L.P., a New York-based fund reported 1.40 million shares. Moreover, Avenir Corp has 8.5% invested in the company for 107,784 shares. Read More »

Brokerage Overview of: Advance Auto Parts Inc. (AAP)

They use historic price data to observe stock price patterns to predict the direction of that price going forward. SORL Auto Parts, Inc. has a consensus outperform rating from 1 Wall Street analysts, and the number of shares now sold short amount to at least 2.7% of shares outstanding. Read More »

Charles Krauthammer: A deal between Israel and the Palestinians is a sideshow

Trump said , "I will call them from now on "losers" because that's what they are". The announcement of Trump's initial $ 110 billion arms deal with Saudi Arabia sent the stocks of weapons makers soaring . On the other hand, the hunger strike by Palestinian prisoners in Israeli jails, led by jailed Fatah leader Marwan Barghouti, demonstrates that the threat to Abbas lies within his own camp. Read More »

Services set in Kentucky for ex-pitcher, US Sen. Jim Bunning

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The six-foot-three ballplayer had a reputation as intimidating. Bunning pitched 17 seasons in the big leagues from 1955-71. Tony Clark, executive director of the Major League Baseball Players Association, called Bunning "one of the most important figures in the history" of the union for his work on the search committee that hired Marvin Miller. Read More »

OPEC ponders how to co-exist with US shale oil

The initial agreement would have expired next month. United States crude prices tumbled 0.6 per cent to $48.57 a barrel on Friday, after losing 4.8 per cent overnight, set to end the week 3.5 per cent lower. "I think it was kind of a knee jerk reaction, I don't think it was anything meaningful", said Antoine Halff, Director of the Global Oil Program at Columbia University. Read More »

Seoul cyber experts warn of more attacks as North Korea is blamed

Investigators said the attack was not meant to extort money, as most ransomware attacks do. Code used in the "WannaCry" attack is similar to that used in prior attacks linked to North Korea, the officials said. Kalember said he believes the similarities in the European case, WannaCry and the miner were "more than coincidence". Another researcher, Comae Technologies' Matthieu Suiche, corroborated the findings. Read More »

Team Trump struggles to explain its 'egregious' math error

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The Washington Post's congressional team reported Tuesday that Senate Majority Whip John Cornyn, R-Texas, is skeptical of Trump's proposed cuts, saying: "This is kind of the game". Defense discretionary spending will see a almost $50 billion boost in 2018 if the budget goes through, while the departments of defense and homeland security will see the biggest departmental budget increases in order to carry out the president's strict immigration and national defense priorities. Read More »

China Hit With First Credit Downgrade In Decades

China's economy has for always been fuelled by economic stimulus and cheap credit and the government thereis now grappling with ways to steer the economy clear of a debt crisis as growth slows . "But the two ratings, like the two regions, remain closely linked", the bond credit rating business said in its statement. The planned reform programme is likely to slow , but not prevent, the rise in leverage. Read More »

How Does Omega Healthcare Investors, Inc. (OHI) Stack Up Right Now?

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Goldman Sachs downgraded the shares of CERN in report on Tuesday, February 23 to "Neutral" rating. The average 1-year price target for Omega Healthcare Investors, Inc. Edge Asset Management Inc. now owns 2,914,225 shares of the real estate investment trust's stock valued at $91,098,000 after buying an additional 788,821 shares during the period. Read More »

Trump administration officially starts NAFTA renegotiation

In addition, and consistent with the negotiation objectives in the Trade Priorities and Accountability Act, our aim is that NAFTA be modernized . Farm Country went on red alert last month when it looked as if Trump wasn't even going to pursue a NAFTA rewrite: White House aides had spread the word that the president would simply withdraw from the pact. Read More »

President Trump Ends Nine-Day Overseas Trip With a Flourish

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After the pomp of presidential travel overseas, Trump will return to Washington and numerous problems he left behind. Trump is wrapping up his first trip overseas as president and returning to the US on Saturday. "The mood he conveyed is you guys are a bunch of freeloaders". In Sicily, Donald Trump listened attentively during complex G7 debates over trade and climate change, smiled for the cameras, and for the most part refrained from provocative tweets. Read More »

US official mulling greatly expanding airplane laptop ban

In an earlier interview on Friday, the DHS chief confirmed to CNN that he was considering implementing the ban on large electronic gadgets on flights departing the US. The original ban applies to certain US -bound flights, including those originating in Cairo, Egypt; Dubai and Abu Dhabi, United Arab Emirates; Istanbul, Turkey; Doha, Qatar; Amman, Jordan; Kuwait City; Casablanca, Morocco; and Jeddah and Riyadh, Saudi Arabia. Read More »