Markets

Oil prices soar as KSA, Russia back extension of output cut

The U.S. West Texas Intermediate crude June contract ticked up 27 cents, or around 0.6%, to $49.12 a barrel by 8:55AM ET (12:55GMT). Crude oil futures were up Tuesday, with prices headed closer to session highs reached in the prior USA session, as expectations that the Organization of the Petroleum Exporting Countries will extend production cuts until early next year continued to boost trading... [Full Article...]

Nevada becomes 8th state to ban conversion therapy

Nevada becomes 8th state to ban conversion therapy Nevada has joined the ranks of seven other states which ban "conversion" therapies otherwise known as ex-gay ministries and restorative therapies. This bill is a major step forward in building a more equal and inclusive state'. Plenty of Republican legislators in purple states have also objected to these bans: In New Hampshire, where Democrats have struggled to draw GOP support for a ban, one Re... [Full Article...]

Flipkart, Amazon top LinkedIn's companies list

Flipkart, Amazon top LinkedIn's companies list The list of 25 top companies in India also saw over 30 per cent of new entrants, namely One97 Communications, Tech Mahindra (14th), Swiggy (15th), IDFC Bank (17th), Vodafone (20th), Grofers (22nd), McKinsey & Company (24th) and Oracle (25th). [Full Article...]

Korean missile test may show progress toward ICBM, experts say

Korean missile test may show progress toward ICBM, experts say The two Koreas - technically still at war after the 1950-53 conflict ended only with a ceasefire instead of a peace treaty - have occasionally clashed along the border. North Korea conducted its latest ballistic missile test Sunday in defiance of U.N. Security Council resolutions, saying it was a test of its capability to carry a "large-size heavy nuclear warhead". [Full Article...]

Trump reports weigh on global stocks and the dollar

Trump reports weigh on global stocks and the dollar Investors tracked the heaviest losses in NY since Trump was elected, following claims by recently fired Federal Bureau of Investigation boss James Comey that the president pressed him to drop a probe into ex-national security advisor Michael Flynn's links to Moscow . [Full Article...]

Tories shoot for the sewer on migration

The 88-page manifesto committed the Tories to the use of common platforms across the public sector, including continuing the roll-out of the government's identity assurance platform Gov.uk Verify. "This will be complemented by at least one new institute of technology in the United Kingdom, dedicated to world-leading digital skills and developed and run in partnership with the tech industry". [Full Article...]

Hillary Clinton Takes a Swipe at The Media in French Election Tweet

The transfer of power to Macron will take place Sunday, outgoing President Francois Hollande announced. Macron had campaigned on a pro-EU platform, in stark contrast to Le Pen, who vowed to pull France out of the union in referendum, as Britain voted to do previous year. [Full Article...]

China Hit by Cyber Virus, Europe Warns of More Attacks

The cyber-attack, he insisted, was not because of "NHS manager incompetence". "It was clear warnings were given to hospital trusts but this is not something that focused on attacking the NHS here on the United Kingdom". "This guidance was also reissued on Friday following emergence of this issue". Seven hospital trusts were still experiencing problems earlier on Monday, among them St Bartho... [Full Article...]

Comprehensive Stock Analysis Of Banco Santander, S.A.

Relative Strength Index (RSI) of the company is 58.45. The RSI oscillates between zero and 100. Institutional investors have recently bought and sold shares of the stock. BSAC's profit will be $197.11M for 14.74 P/E if the $0.41 EPS becomes a reality. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. [Full Article...]

Brazilian president denies endorsing corruption hush money

Brazilian president denies endorsing corruption hush money Batista told Temer that he was providing monthly payments to Eduardo Cunha , former speaker of the lower house of representatives, and Lucio Funaro so that they would remain silent about dozens of embarrassing secrets. In Sao Paulo, the nation's largest city, hundreds of protesters gathered on a main avenue to demand Temer go. The veteran centre-right politician, who took over a year ago ... [Full Article...]

French President Macron talks to Putin, faces media uproar

French President Macron talks to Putin, faces media uproar It comes at a critical time because the leadership of Germany is in danger in Europe. The Macron-Merkel meeting came just hours after the French president nominated Edouard Philippe, the 46-year-old Mayor of Le Havre, to be his prime minister. [Full Article...]

United Airlines buys LA Coliseum naming rights

United Airlines buys LA Coliseum naming rights The Coliseum had been seeking a naming rights partner in order to help offset the cost of the scheduled $270 million renovation for the stadium. A 15-year, $70 million plus L.A. In addition to USC, the Coliseum is also the current home of the NFL's Los Angeles Rams. The coliseum is set to reopen in time for the 2019 football season. [Full Article...]

Brazilian President Says He Won't Resign Over Hush Money Allegations

According to the O Globo report , the information was revealed when the owners of the meat and chicken conglomerate JBS testified before the Supreme Court behind closed doors as part of a massive corruption investigation, dubbed "Operation Car Wash ", which implicates former and current politicians. [Full Article...]

Average US 30-year mortgage rate slips to 4.02 percent

Average US 30-year mortgage rate slips to 4.02 percent Mortgage rates will likely fall next week as 10-year Treasury yields have declined on safe-haven demand for bonds due to concerns about potential delays in tax cuts and other fiscal stimulus amid probes into U.S. Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in 10 top markets. One point equals 1 percent of the loan amount... [Full Article...]

Trump Administration Triggers Launch Of NAFTA Renegotiations

Over the last four years, the U.S. -Mexico High Level Economic Dialogue has, among other things, established a shared, data-based framework for identifying new border infrastructure needs, developed a common agenda for smoothing business regulations and promoted the seamless flow of energy across the border. [Full Article...]

Reporters Committee: Trump Has Crossed Dangerous Line

Reporters Committee: Trump Has Crossed Dangerous Line Not long after Comey put that exchange with Trump in writing and after the FBI director told lawmakers the investigation of Russian interference and possible ties between Russia and the Trump campaign was active, Comey was sacked. But she said "it's very hard to characterize this one encounter as obstruction of justice". "My view is that there are a lot of pieces coming together", said Peter Zei... [Full Article...]

Roughly 67pct of Iranians to cast vote in presidential elections

This week, pro-Raisi users launched a campaign titled "End of the week, Rouhani is gone", posting memes showing the Iranian president ready to leave with a packed bag and suitcase and videos of voters chanting the slogans at pro-Raisi rallies. [Full Article...]

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Reviewed By Analysts

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Reviewed By Analysts Jefferies Group LLC reaffirmed a "buy" rating and set a $35.00 target price on shares of Chicago Bridge & Iron Company in a research report on Tuesday, May 9th. It is positive, as 34 investors sold Ciena Corporation shares while 82 reduced holdings. The ex-dividend date is Wednesday, June 21st. SABIN JAMES W . [Full Article...]

Ford likely to cut workforce to reduce costs

The company has roughly 200,000 salaried employees worldwide , about half of which are in North America. The staffing cutbacks are believed to begin as early as this week. According to the publication, Ford could announce the layoffs as soon as this week and the job cuts will likely target mainly salaried workers. "Since Ford of Europe and South America already have completed people actions o... [Full Article...]

Climate talks open in Bonn, with all eyes on Washington

Climate talks open in Bonn, with all eyes on Washington The two leaders agreed to meet as soon as possible, according to the Chinese foreign ministry. "The Paris Climate Treaty is an all pain for no gain agreement that will produce no measurable climate benefits and exacerbate energy poverty around the globe", said Myron Ebell, director of CEI's Center for Energy and Environment and former head of Trump's EPA transition team. [Full Article...]


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