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Gulf rift threatens air travel disruption across region and beyond

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Emirates, in a separate statement, said its suspension of flights to Qatar begins on Tuesday, June 6. The emirate is the group's third-smallest producer, pumping 620,000 barrels a day of crude oil in May, data compiled by Bloomberg show, and ships most of its crude and condensate to Asia. Read More »

Arab states cut Qatar ties in major diplomatic crisis

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Emirates has released an official statement joining Etihad in suspending all flights to and from Doha until further notice, effective the morning of 6 June. Unity among the countries of the region is important for fighting Daesh, radicalism, Islamophobia, and sectarianism, he added. However the country is heavily dependent on its land border with Saudi Arabia for imports of poultry and dairy products. Read More »

Local gas prices drop below $2 a gallon

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OH drivers are seeing gas prices rise a bit to start the month of June. Orlando was second with a 12-cent increase, followed by Jacksonville and Fort Myers-Cape Coral with a 9-cent increase, the report showed. Midland Odessa- $2.23/g, down 1 cent per gallon from last week's $2.24/g. Rockford's average price is $2.34 per gallon - three cents cheaper than last week's average. Read More »

The Sse Plc (SSE) Raises Dividend to GBX 63.90 Per Share

Goldman Sachs maintained the stock with "Sell" rating in Thursday, May 25 report. Nomura maintained it with "Buy" rating and GBX 95 target in Wednesday, December 9 report. International Business Machines had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Numis Securities given on Thursday, March 2. Read More »

Residents trapped as gunfire mars ceasefire at Philippines city

The Philippines military said Hapilon was likely wounded in the raids but managed to escape to Marawi , where he joined up with the Maute group. "This might entail some operational risks to the security forces, as the Maute-ISIS Group is also being accorded some sort of a reprieve during the lull", he said. Read More »

Etihad airline suspends flights to Qatar

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Markets see a 94.7 percent chance of the Federal Reserve raising interest rates at its June 13-14 meeting, according to Reuters calculations, though a Reuters poll on Friday showed top US banks split about when the central bank hikes rates after that. Read More »

Oil Falls to Three-Week Low on Rising US Output

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The tumbling costs present another challenge for the Organization of Petroleum Exporting Countries , which is now curbing output to shrink a glut. Futures slid 1.5 percent in NY. PJSC CEO Igor Sechin said at the St. Petersburg International Economic Forum. Even though the Organization of the Petroleum Exporting Countries and major non-cartel heavyweights such as Russian Federation last week extended the ongoing production cuts, it remains to be seen if such caps can effectively chip ... Read More »

Jimmy Kimmel Reveals Who's Behind Donald Trump Paris Accord Pullout

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Other countries, including India, signalled their commitment to the accord. There will be five-year reviews of each country's emission targets, which can only be scaled-up in ambition and not reduced. "And they won't be", Mr Trump added. The only countries that did not join the agreement are Syria and Nicaragua . The condemnation was quick and unflinching. Read More »

Arab nations cut diplomatic ties to Qatar as rift deepens

The UAE's official news agency has said that there will be a " closure of UAE airspace and seaports for all Qataris in 24 hours [from Monday morning] and a banning of all Qatari means of transportation, coming to or leaving the UAE, from crossing, entering or leaving the UAE territories". Read More »

Oil jumps as Gulf states cut ties with Qatar

Other Gulf states may stand ready to replace this key base, though the logistics of this would not be straightforward. After Morsy's overthrow in 2013, Saudi Arabia returned its support to new president Abdel Fattah el-Sisi. Qatar denies these allegations. Iran called for dialogue . Coercion is never the solution. U.S. Secretary of State Rex Tillerson told reporters in Sydney on Monday that the spat would not affect the fight against Islamist militants and that Washington has encouraged ... Read More »

Turkey calls for dialogue over Qatar rift with Arab states

The countries all ordered their citizens out of Qatar and gave Qataris overseas 14 days to return home to their peninsular nation, whose only land border is with Saudi Arabia. But the video also showed the emir praising terrorist groups. The chief worry among them is the Muslim Brotherhood , a Sunni Islamist political group opposed to monarchical rule. Read More »

Things to Know for Monday

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The main reason cited is the country's support for Islamist groups and its relations with Iran. Qatar's foreign ministry said it regretted the measures by the Arab nations, calling the decisions "unjustified". - Saudi Arabia has closed its border with Qatar , effectively blocking food and other supplies exported by land to Qatar . The official IRNA news agency on Monday cited Alaeddin Boroujerdi as saying that because of the signing of a major arms deal between the Saudis and the USA ... Read More »

Oil prices gain as Saudi Arabia cuts ties with Qatar

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The host of the football World Cup 2022 said it has been subjected to an "incitement campaign based on fabrications, which reflects an intention to harm Qatar". Turkey has developed close ties with both Qatar and Saudi Arabia in recent years. Qatar Airways said on its official website it had suspended all flights to Saudi Arabia. Read More »

Putin dismisses US claims about Trump, election

The Russian president also accused the USA and its allies of seeking to monopolize power and prevent the emergence of a multi-polar world by countering his country's efforts to assert itself on the global stage. "We are ready to listen to comments when, if done constructively with the goal of establishing a relationship, creating a common environment", he said. Read More »

Southern rocker Gregg Allman laid to rest near Highway 41

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Also attending was former president and longtime Allman friend Jimmy Carter . Allman's ex-wife Cher was spotted entering the small chapel to attend the private service. " Gregg and the Allman Brothers Band were very helpful to me in my 1976 presidential campaign", Carter said in a statement to the Atlanta Journal-Constitution. Read More »

Saudi Arabia, Egypt, UAE, Bahrain cut ties with Qatar

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The Guardian quoted the official Saudi Press Agency, as saying that Saudi Arabia had made a decision to sever diplomatic and consular relations with Qatar "proceeding from the exercise of its sovereign right guaranteed by worldwide law and the protection of national security from the dangers of terrorism and extremism". Read More »

UK PM May's Lead Over Labour Nearly Halves to 8 Points

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For example, political parties have attacked the Conservatives over their plan to cut universal free lunches and replace them with free breakfasts, which Schools Week revealed was based calculations of just 7p per meal . Polling companies have also started to convert national polls into projections of seats . Is the United Kingdom heading for a Hung Parliament? "The only poll that matters is the one that's going to take place on June 8", she said on a campaign visit to ... Read More »

Raids on Prannoy Roy's house blatant misuse of power

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Further details are awaited. The CBI said the couple were being investigated for "causing an alleged loss to [a] bank ". The raids were conducted in connection with a case in which it was alleged that Roy and his wife, Radhika had caused loss to a bank. Read More »

Indian equities close flat, indices at new highs (Second Lead)

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At 10.45 a.m., the 30-share BSE index Sensex was up 4.67 points or 0.01 per cent at 31,277.96 and the 50-share NSE index Nifty was up 12.15 points or 0.13 per cent at 9,665.65. Indian markets closed flat on positive note Monday. Even the broader markets came off day's high but still outperformed equity benchmarks. "Market sentiment was boosted after a private business survey showed activity in India's services industry accelerated in May". Read More »

Opec 'extends cuts by nine months'

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The IEA calculates the cartel earned nearly $75 million extra a day in the first quarter of this year than in the last quarter of 2016, despite collectively cutting output to 31.9 million barrels a day from 33.3 million. Oman, the largest non-OPEC producer in the region supports to extend the agreement and will continue to cut production by almost 4.5 per cent if the deal goes through. Read More »

Earnings Analysis Of Whiting Petroleum Corp. (WLL)

Stock has got OUTPERFORM rating from 7 analysts of Thomson Reuters, 20 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. The company was downgraded on Friday, July 31 by Guggenheim. Whiting Pete Corp New now has $2.49 billion valuation. The Company is involved in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. Read More »

US employers add modest 138K jobs; unemployment rates dips to 4.3%

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Bureau of Labor Statistics (BLS ) in its monthly jobs report . The May jobs numbers are a disappointment, especially after following a robust jobs report for April. "The U.S. economy is showing other signs of strength as well". One, its extremely low rate policy over the last nine years has starved savers and caused them to pull back on spending. Read More »