Tuesday, 20 November 2018
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Oil prices rise as Saudi Arabia may cut exports to Asia

Global benchmark Brent crude LCOc1 settled up $1.49 a barrel, or 3 percent, to $50.22 a barrel. OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage us shale drillers to pump more, hampering OPEC efforts to clear a glut and support prices by cutting its output. Read More »

Belt and Road should be road of opening up: Xi

This includes the Jakarta-Bandung high-speed railway, China-Laos railway, Addis Ababa-Djibouti railway and Hungary-Serbia railway, and upgraded Gwadar and Piraeus ports. - $1 billion for cooperation projects in countries on the new Silk Road . The Belt and Road Forum for International Cooperation follows Xi's speech in defence of globalisation and multilateralism at the World Economic Forum's meeting in Davos in January. Read More »

Renault stops production at some sites after cyber attack


Germany's national railway says that it was among the organizations affected by the global cyberattack but there was no impact on train services. It did not identify the sites, but a union source said the factory at Sandouville in northern Normandy was one of the main sites affected. Read More »

Trump Suggests He Could Handle Press Briefings Instead Of Sean Spicer

Leaders of the Senate Intelligence Committee invited Comey to testify Tuesday, but he declined their invitation. "James Comey better hope that there are no 'tapes; of our conversations before he starts leaking to the press!" Later, however, they said that President Trump had planned to fire Mr Comey regardless. Read More »

Pope Francis and Trump to meet despite disagreements


President Trump will meet with Pope Francis in Rome on his first foreign trip later this month, which will also take him to Saudi Arabia and Israel, administration officials said Thursday. "Whether he can or can't" achieve what others could not, "it's our job to try", one official said. The Saudi-led coalition was formed in 2015 to fight the Houthis and troops loyal to former Yemeni President Ali Abdullah Saleh who have fired missiles into neighbouring Saudi Arabia. Read More »

Don't Mess With China's Silk Road Initiative: Venezuela

The United States and other governments have said " Belt and Road " is a natural outgrowth of China's status as the biggest global trader, and US officials have said they want to work with Beijing on infrastructure. No major Western leaders attended, though Britain, France and Germany were represented by top finance officials. While that meeting is expected to result in a general declaration promoting the Belt and Road initiative, globalisation and opposing protectionism, it remains to ... Read More »

G-7 countries call for renewed common effort against cybercrime

Steven Mnuchin's third encounter with the worldwide community, at a meeting of finance chiefs in Italy, deepened ties even as his government's "America First" policy continues to challenge the global economic consensus. Italy's finance minister Pier Carlo Padoan (2nd R) and Governor of the Bank of Italy Ignazio Visco (L) leave the G7 for financial ministers meeting in the southern Italian city of Bari, Italy , May 12, 2017. Read More »

Drax Group Plc (DRX) Lifted to Buy at Jefferies Group LLC

Over the last twelve months Compass Group's stock price has increased by 29.14% from 1233.56 to 1593. (NYSE:T) has declined 1.84% since October 5, 2016 and is downtrending. Among 29 analysts covering Diageo PLC ( LON:DGE ), 17 have Buy rating, 4 Sell and 8 Hold. Therefore 68% are positive. Booker Group PLC has GBX 250 highest and GBX 145 lowest target. Read More »

Warren Buffett Shares 'Number One Problem with Mankind'

More than 30,000 people came to Omaha to hear Buffett and Berkshire Vice Chairman Charlie Munger talk. Buffett also talked about artificial intelligence. The slowdown in oil & gas effected a lot of sectors. He said he had grown more fond of Apple Inc AAPL.O , in which Berkshire has disclosed a roughly $20 billion stake, because he could "very easily determine" the iPhone maker's competitive position "and who is trying to chase them". Read More »

Spanish Grand Prix: Hamilton takes pole ahead of Vettel


Hamilton and Vettel both pointed to the unpredictable gusts of wind - in otherwise ideal sunny conditions - that have troubled drivers all weekend. "Well done to him". I pulled the clutch in and could gain on him. "The vehicle was slippery but I think that was because of the conditions". Vettel , Hamilton , Kimi Raikkonen and defending-champ Max Verstappen have all won here, while there has been a different victor at this track in each of the last 10 years. Read More »

Alonso's McLaren breaks again, Mercedes soars in practice


He's a two-time world champion that wants to be a three-time world champion and he's only going to do that in a auto that would win. "It was my decision", Alonso said. Ferrari pair Kimi Raikkonen and Sebastian Vettel were third and fourth, about a second slower than Hamilton. "I don't know what Mercedes was up to". Read More »

NHL: Predators open with win over Ducks

The Predators took a 2-1 lead on Watson's first goal of the postseason at 2:42 of the second period. Nashville made quick work of the heavily favoured Chicago Blackhawks in the opening round and then wasted the St. "I think he's been awesome for us". The Predators have advanced largely on the strength of their stellar corps of defensemen in front of Rinne. Although the spotlight is now on Ellis, keep an eye on the rest of the blue line. Read More »

Trump to Liberty U grads: Relish being an 'outsider'


For his part, Jerry Falwell Jr., gave President Trump plenty of kudos, claiming that no other president in the lifetimes of those in attendance at Liberty University has done so much that acted as a benefit to the Christian community so quickly as Trump allegedly has done. Read More »

Europe is bracing for a laptop ban on flights to America

They requested anonymity because they were not authorized to publicly discuss the confidential meeting. The airlines, trade group and DHS all declined to speak to Reuters. Olivier Jankovec, director-general of airport trade association ACI Europe, said it was worrying that there appeared to be little coordination between the European Union and the United States."We know that in the current geopolitical context, with the kind of terrorist threat we face, an efficient response is really ... Read More »

Why is India opposing One Belt One Road Forum?

Early Sunday, North Korea launched a ballistic missile, emphasizing how high tensions in the region are at the moment and stealing focus from the OBOR forum in what could be seen as a deliberate insult to Xi. Noting that peace and development go hand in hand, Sharif added that nothing can pave the path for peace and security more than economic development achieved through regional collaboration. Read More »

Brilliant 'SNL' parody invents an Amazon Echo for old people

The added advantage is that all this can be done hands-free through the voice commands. So, think of the Echo Show as an Amazon Echo with a tablet and Bluetooth speaker built into it. The biggest challenge will be convincing consumers an omnipresent Amazon camera at home is a good thing. You just can not turn it off by heading over to the app's settings. Read More »

Nordstrom, Inc. (JWN) Issues FY18 Earnings Guidance


The stock is now showing YTD performance of -2.81 Percent. Finally, Keating Investment Counselors Inc. raised its stake in Nordstrom by 6.9% in the third quarter. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. Management maintained its guidance for the year, calling for flat comparable sales , an overall net sales increase of 3%-4%, and earnings per share of $2.75-$3.00, which compared to $3.04 last year. Read More »

South Korean military: North Korea launches ballistic missile

It was his second appearance before reporters Sunday after North Korea fired the missile that Japanese officials say may have been a new type given its flight time and unusually high altitude. "The timing is not coincidental", Schuster said, adding that Kim may be trying to get Putin more involved in the situation on the Korean Peninsula. Read More »

Passenger says JetBlue booted his family from flight over a birthday cake


Things turned sour when a second flight attendant started chewing out the first, then Burke , he said. However, the family was still asked to leave the plane, with their seven-year-old son, Cameron Jr . His kids are clearly upset in the video and the officer they interacted with tried to calm the uncomfortable situation. Cameron said one flight attendant said to another. Read More »

Canada rejects US duties on lumber as 'baseless'

German Finance Minister Wolfgang Schaeuble said Friday he would convey in his meeting with Mnuchin that the world needs US leadership to help drive global growth. Trump has vowed to revamp the US tax code with major cuts for businesses and ease business regulatory burdens. The China deal, securing better access to the big Chinese market for United States beef, natural gas and some financial services, was welcomed by Mnuchin. Read More »

DOJ Advice Followed His Decision to Ax Comey

A political firestorm has engulfed Washington since Trump's sacking of FBI director James Comey, who was leading the investigation into possible collusion between the Trump election campaign and Russian Federation. When asked whether he could announce a nominee by Friday, when he is scheduled to leave for the Middle East and Europe on his first trip overseas as president, Trump responded, "Even that is possible". Read More »

Xi Jinping offers billions for China's Silk Road initiative

While Xi did not mention North Korea during his speech to the delegates, it was discussed during a bilateral meeting with Putin. However, Beijing has repeatedly sought to allay New Delhi's fears, saying China will not change its position on the Kashmir dispute between India and Pakistan. Read More »

France's unpopular Hollande leaves power after 5 hard years


Macron is the eighth directly elected president of the Fifth Republic, after assuming the role in a ceremony at the Elysee Palace in Paris . The ceremony of inaugurating the eighth president of France began at the Elysee Palace with a meeting with outgoing President Francois Hollande who transferred his powers to the victor of the presidential elections, Emmanuel Macron . Read More »