Markets

Oil prices rise as Saudi Arabia may cut exports to Asia

Oil prices rise as Saudi Arabia may cut exports to Asia West Texas Intermediate futures CLc1 were up 11 cents at $46.54 per barrel. Crude prices had hovered near five-months lows earlier this week, but surged yesterday after the Energy Information Administration released data showing a 5.2 million barrel drop in USA crude stockpiles for the week ended May 5, far exceeding market expectations. [Full Article...]

US retail sales rebounded in April after sluggish winter

US retail sales rebounded in April after sluggish winter Purchases at auto dealers and service stations increased 0.7 per cent; industry data showed sales of cars and light trucks rose in April to a 16.8 million pace after March's 16.5 million rate was the slowest in more than two years. But many forecasters predicted household spending would bounce back this spring, based on underlying health in the economy. "The backdrop is generally favourable for ... [Full Article...]

France's Handover Starts as Macron Stays Mum on Future Premier

France's Handover Starts as Macron Stays Mum on Future Premier Greece Prime Minister Alexis Tspiras said Macron's victory was "an inspiration for France and for Europe", adding he was "sure we will work closely together". Marine Le Pen, a mother of three children, tweeted that "as a political leader I deeply regret Marion's decision but, alas, as a mum, I understand it". [Full Article...]

Baahubali 2 becomes No.1 Hindi movie

Baahubali 2 becomes No.1 Hindi movie The Khiladdi of B-town is leading in our opinion, though he charge Rs 35-40 crore but he releases around 5 films in a year so his profit could be higher amongst all. "Taran Adarsh‏ tweeted: " #Baahubali2 is a ONE-HORSE RACE. SS Rajamouli has indeed made Baahubali The Conclusion the first pan-India film and its box office collection is in no mood to slow down. [Full Article...]

United flight delayed after scorpion reported aboard

United flight delayed after scorpion reported aboard Joe Fagundes, a passenger on the plane, told ABC13 that the flight crew made an announcement that a scorpion came out of someone's bag. Late Thursday, United announced that paramedics had examined a passenger, but found he had not actually been stung. [Full Article...]

PM leaves for China to attend 'Belt & Road Forum for Int'l Cooperation'

PM leaves for China to attend 'Belt & Road Forum for Int'l Cooperation' He was accompanied by Finance Minister Ishaq Dar, Railways Minister Khawaj Saad Rafique, Planning Minister Ahsan Iqbal, Punjab Chief Minister Shahbaz Sharif, Sindh Chief Minister Murad Ali Shah, Balochistan Chief Minister Sanaullah Zehri and Khyber Paktunkhwa Chief Minister Pervaiz Khattak. [Full Article...]

Collapse larger than thought at nuke waste site

Employees at the sprawling Hanford Site plant, located about 170 miles (275 kilometers) southeast of Seattle, were sent an early morning alert by management telling them to "secure ventilation" and refrain from "eating or drinking". Energy Secretary Rick Perry has been briefed on the collapse of an underground railroad tunnel where nuclear waste is stored in a remote area of Washington state. [Full Article...]

Stock Valuation in Focus for EnLink Midstream Partners, LP (NYSE:ENLK)

Stock Valuation in Focus for EnLink Midstream Partners, LP (NYSE:ENLK) Therefore 50% are positive. 09/02/2016 - EnLink Midstream Partners LP was downgraded to " by analysts at Morgan Stanley. On Thursday, February 4 the stock rating was maintained by Wedbush with "Neutral". 28 funds opened positions while 58 raised stakes. Jennison Associate Ltd Liability Company invested in 0.16% or 2.72 million shares. Conning reported 0.15% of its portfolio in EQT Midstream Part... [Full Article...]

Factory Growth Slows, Will We Still See A Rate Hike?

Still, economists expect the Foryederal Reserve will announce an interest rate hike as the labor market tightens through June. The Aussie eased in Asia on Thursday with trade data ahead and as markets looked ahead to end of the week nonfarm payroll figures following a Fed review on rates that might be key to confirm a widely expected June hike. [Full Article...]

Energy chief says hole has been filled at nuclear waste site

Energy chief says hole has been filled at nuclear waste site Officials estimate it will take 50 truckloads of soil to fill the hole. The agency has said no one was injured Tuesday in the collapse at the Hanford Nuclear Reservation and there has been no release of radioactive material to the environment. [Full Article...]

Barclays PLC (BARC) Given "Buy" Rating at Beaufort Securities

Barclays PLC (BARC) Given Novagold Res Inc now has $1.33 billion valuation. With the last close up 2.41% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. About 1,823 shares traded. EI Group PLC (LON:EIG) has risen 70.43% since October 10, 2016 and is uptrending. It has underperformed by 1.71% the S&P500. [Full Article...]

Sterling hits one-week low

But as official data has soured since the start of the year, many economists expect tougher times ahead as Prime Minister Theresa May starts two years of fraught Brexit talks before the country leaves the European Union at the end of March 2019. [Full Article...]

Macron unveils parliamentary candidates list

Valls, who announced in March he would vote for Macron in the presidential election, is on the right of the Socialist party and has similar pro-business views to Macron , who will assume office next Sunday as France's youngest leader since Napoleon. [Full Article...]

Trump administration is looking into evidence of crimes committed by Haitian immigrants

Trump administration is looking into evidence of crimes committed by Haitian immigrants Now activists fear this might end after the U.S. Department of Homeland Security (DHS) was advised that the poor nation no longer qualifies for emergency immigration protection. In September, President Trump campaigned in Miami's Little Haiti neighborhood, where he condemned the Clintons for allegedly mishandling aid to Haitian quake victims. [Full Article...]

Southwest Airlines flight ends with passenger brawl

It is unclear whether they knew each other before the flight, but intensity was palpable. Authorities said they arrested the suspect, identified as Chaze Mickalo Cable, 37, of Lancaster for battery and assault and he has been held on a bail of $50,000. [Full Article...]

Insurance Losses Erode Berkshire Hathaway Q1 Profit

Berkshire now owns 133 million shares of Apple, which Buffett said behaves more like a consumer-products company than a tech company. But for long time watchers of Buffett, perhaps the most tantalising point to emerge, was a stronger suggestion of a dividend - either by way of a cash payment or capital management. [Full Article...]

ArcelorMittal Q1 Net at $1 bn; debt rises to $12.1 bn

ArcelorMittal Q1 Net at $1 bn; debt rises to $12.1 bn Steel makers have profited from improving demand across most of their major markets. ArcelorMittal, which expects steel demand in Brazil to rise by up to 4 percent this year, added that the increased profit there was due to higher selling prices and despite lower shipments. [Full Article...]

Atletico recognizes it needs to improve to succeed in Europe

Atletico recognizes it needs to improve to succeed in Europe A report from Miguel Delaney in The Independent states that both Jamie Vardy and Alexis Sanchez are high on the list of striking options for Diego Simeone this summer. As Atletico prepare for life at their new 70,000 home at the Wanda Metropolitano stadium next season, they could well have some new strikers to smooth over any big-name sales this summer as goalkeeper Jan Oblak is also rumored to... [Full Article...]

Flipkart all set to buy Snapdeal

Flipkart all set to buy Snapdeal According to reports , Flipkart has made an initial offer of $1 billion to acquire Snapdeal, which is a big markdown for the e-commerce firm that hit a peak valuation of $6.5 billion previous year. The Snapdeal-Flipkart merger, expected to be announced soon, signals the biggest consolidation in the Indian e-commerce sector. It seems that the much talked about Flipkart and Snapdeal merger deal... [Full Article...]

Crazy Volume Spikes for: Baxter International Inc. (BAX)

Norges Bank purchased a new position in Baxter International during the fourth quarter valued at $408,956,000. After $0.58 actual EPS reported by Baxter International Inc for the previous quarter, Wall Street now forecasts -1.72% negative EPS growth. [Full Article...]


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