Markets

Harvey Damage Raises Fuel Prices, Lowers Oil Prices

Harvey Damage Raises Fuel Prices, Lowers Oil Prices Motiva Enterprises LLC's Port Arthur facility in Texas, the biggest us refinery, is shutting because of severe flooding. Preparing for more rain and floods, Total cut production to 53% of capacity at its 225,500 bpd Port Arthur refinery, reported a leading research agency. [Full Article...]

US Oil Production Near Record High But Harvey Looms

US Oil Production Near Record High But Harvey Looms International Brent crude LCOc1 was down 19 cents, or 0.4 percent, at $50.67 a barrel. Harvey , the strongest storm to hit the US since 2004, made landfall as a hurricane Friday, flooding cities and shutting plants able to process some 2.26 million barrels of oil a day. [Full Article...]

Bajaj Auto sales up 3% to 335031 units in Aug'17

The commercial vehicles segment registered a growth of 13% to 51,170 units in August 2017 against 45,436 units in the same period a year ago. Indian two-wheeler manufacturer Bajaj Auto has registered marginal rise in its total domestic sales for the month of August 2017 at 200,659 units as against 200,314 units during August 2016. [Full Article...]

European Central Bank unease over firmer euro risks slowing asset purchase exit

European Central Bank unease over firmer euro risks slowing asset purchase exit As part of that program, the European Central Bank is pumping 60 billion euros ($71 billion) a month into the eurozone economy, a program that is meant to run until the end of the year, or beyond if necessary. The ECB has said it will announce in autumn if it will extend the asset buys, known as quantitative easing (QE) and launched two and a half years ago to bring down borrowing costs, revive gr... [Full Article...]

Birmingham City agree deal to sign Alex Song

Birmingham City agree deal to sign Alex Song Jota, meanwhile, is set for a medical at St Andrews ahead of his move to the Midlands. Leeds manager Thomas Christiansen wants to add one more defender to his backline, and already had plans to sign Arsenal's youngster Krystian Bielik on a season-long loan, only for an injury to collapse a move for the Polish centre-back last minute. [Full Article...]

Liberty Global PLC (LILAK) Shares Bought by Sentry Investments Corp

Meiji Yasuda Asset Management Co Ltd. maintained its position in shares of Liberty Global PLC (NASDAQ: LBTYK ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Investors sentiment increased to 1.24 in Q4 2016. Its up 0.10, from 1.1 in 2016Q3. It improved, as 67 investors sold DIS shares while 602 reduced holdings. [Full Article...]

Red Cross volunteers from western NC head to help flooded Houston

Red Cross volunteers from western NC head to help flooded Houston While small-scale disasters are handled with volunteers handing out blankets and compassion, some believe the Red Cross bungles larger disaster relief efforts. There are many who feel compelled to help the afflicted in any way they can. "There's also the possibility that one day in the future, they're going to help here in our country", he said. [Full Article...]

Trump team chooses Springfield visit for symbolic, tactical reasons

Trump team chooses Springfield visit for symbolic, tactical reasons On Sunday, Mr Trump's tweets started off pitching a book written by Milwaukee County Sheriff David Clarke, a supporter and controversial figure. "We consider that a very, very important part of the world", Trump said , noting USA relationships with countries in the region. [Full Article...]

$0.26 EPS Expected for Hewlett Packard Enterprise Co (HPE)

$0.26 EPS Expected for Hewlett Packard Enterprise Co (HPE) Hewlett Packard Enterprise had 40 analyst reports since November 3, 2015 according to SRatingsIntel. Since the beginning of the calendar year, the stock is 9.54%. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark law. [Full Article...]

European Shares Set To Rebound As North Korea Tensions Ease

European Shares Set To Rebound As North Korea Tensions Ease After North Korea launched a ballistic missile over Japan, Prime Minister Shinzo Abe described the launch as "an unprecedented, serious and grave threat" to Asia's second-largest economy, adding that he and U.S. In the bond market, benchmark 10-year U.S. South Korea's KOSPI share index (.KS11) rose 0.1 percent, while Australian shares (.AXJO) were little changed. [Full Article...]

Closing Above PSAR Are Shares of Baxter International Inc (BAX)

The Oakbrook Investments Llc holds 51,870 shares with $2.30M value, up from 29,970 last quarter. Baxter International now has $33.61 billion valuation. (NASDAQ:XLNX) for 28,155 shares. Picton Mahoney Asset Management has 68,000 shares. Guardian Life Insurance Of America stated it has 0.01% in Baxter International Inc (NYSE:BAX). [Full Article...]

Gas prices have spiked 10 cents since Harvey hit

Gas prices have spiked 10 cents since Harvey hit Trucks, barges and other pipelines can be pressed into service in order to keep supplies moving. The Colonial Pipeline is the primary provider of gasoline for this region, and was shut down because of tropical storm Harvey. Portions of the refinery were flooded after more than a foot of rain dropped overnight. Gas prices in the Chicago metro area also saw a 5-cent increase, up to $2.62 on Thursday... [Full Article...]

Citigroup Boosts Rating On Patterson-UTI Energy, Inc. (PTEN)

Its share price has risen 1.47% in three months and is up 0.65% for the last five trades. Among 4 analysts covering Harmonic Inc ( NASDAQ:HLIT ), 2 have Buy rating, 0 Sell and 2 Hold. In terms of efficiency, NE has an asset turnover ratio of 0.12. 100.51 million shares or 11.10% more from 90.47 million shares in 2016Q3 were reported. [Full Article...]

Myntra Fashion Brands turns EBITDA positive

Myntra Fashion Brands turns EBITDA positive We have crossed a milestone and we are quite excited about it. Twenty-four per cent of our revenue comes from Myntra Fashion Brands; we have about 13 of them. "Our approach of building our own brands makes us unique". Machine Learning (ML) and Artificial Intelligence (AI) is used for pricing, demand sensing, planning, and digital brand marketing. [Full Article...]

U.S. releases 1 million barrels of oil from strategic reserve

U.S. releases 1 million barrels of oil from strategic reserve Brent crude futures slipped 6 cents to $51.94 per barrel, while US West Texas Intermediate ( WTI ) crude futures dropped 9 cents to $46.35 a barrel, reported Reuters . In cash trading, the spread between Gulf Coast gasoline prices and benchmark futures rallied further, a day after hitting a five-year high in anticipation of constrained supply. [Full Article...]

Oil prices continue downward trend triggered by Harvey

Oil prices continue downward trend triggered by Harvey Several key pipelines were also closed, potentially stranding crude in Texas and interrupting gasoline supplies to other parts of the country. Gas stations will eventually have to respond by jacking up prices on consumers, at least temporarily. [Full Article...]

Oil prices continue downward trend triggered by Harvey

Oil prices continue downward trend triggered by Harvey Several key pipelines were also closed, potentially stranding crude in Texas and interrupting gasoline supplies to other parts of the country. Gas stations will eventually have to respond by jacking up prices on consumers, at least temporarily. [Full Article...]

Stocks, dollar rebound on upbeat data; yields rise

Stocks, dollar rebound on upbeat data; yields rise Gasoline futures surged and crude oil prices fell as flooding and damage from Tropical Storm Harvey shut almost a quarter of US refinery capacity, curbing demand for crude while raising the risk of fuel shortages. The dollar index, which measures the greenback against a basket of six major currencies, was 0.54 per cent higher at 92.747. U.S. President Donald Trump said on Twitter on Wednesday ... [Full Article...]

Oil markets hit by Storm Harvey; US dollar extends fall

Oil markets hit by Storm Harvey; US dollar extends fall Shares of energy producers were more or less flat as Tropical Storm Harvey weighed on the price of West Texas Intermediate oil. Monster storm Harvey slammed into a key U.S. In Europe, benchmark gasoline margins jumped to a two-year high of almost $21 per barrel. AAA reports the national average for a gallon of gas is up four cents, to $2.37 a gallon, making it one of the largest one-week incre... [Full Article...]

Aviva PLC Boosts Stake in Marathon Oil Corporation (MRO)

The SI to Hni Corporation's float is 2.8%. About shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since August 31, 2016 and is uptrending. It has underperformed by 1.41% the S&P500. Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.01, from 1.08 in 2016Q3. Shares for $775,356 were sold by Meyer David Joseph . 120 funds opened positions while 268 raised stakes. [Full Article...]


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