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Economy

There is a risk that traders are expecting a little bit too much heading into the meeting and could reshuffle their positions upon speculation that OPEC will not increase production to the amount now being priced in by the market between 500,000 to 1 million barrels a day.
  • Trump wrongly accused Canada of torching White House in War of 1812

    Trump wrongly accused Canada of torching White House in War of 1812

    Economy

    Trudeau was angered Trump utilized the rarely invoked "national security" provision to justify the tariffs, and in doing so was alluding that Canada was a threat to US national security. But he said even that amount "would not address the underlying, long-run concerns the United States has with China". When it comes to pork and other porcine products, Mexico is the biggest importer of goods produced in the U.S.by volume, and pork producers in the country will now be subject to a tariff ...
  • United States and Brent crude prices diverge further

    United States and Brent crude prices diverge further

    Economy

    For the week, WTI is on track for a 1.5 percent fall, adding to last weeks near 5 percent decline, while Brent is set to rise 1.3 percent, widening the spread between the two benchmarks. It rose 215,000 barrels per day to 10.47 million bpd in March, the report showed. United States crude production rose in March by to 10.47 million barrels per day (bpd), a monthly record, the Energy Information Administration said on Thursday.
  • Trudeau calls United States viewing Canada as national security threat 'simply ridiculous'

    Trudeau calls United States viewing Canada as national security threat 'simply ridiculous'

    Economy

    Then he moved to the idea of slicing up NAFTA, a trade treaty that has been the subject of talks with Canada and Mexico since the start of his administration. European Union officials say the total value of goods targeted is a dollar for dollar response to U.S. tariffs . They must open their markets and take down their trade barriers! A global trade war is looming after countries hit by U.S.
  • Celebrating National Donut Day With the Salvation Army and Mary Bowers

    Celebrating National Donut Day With the Salvation Army and Mary Bowers

    Economy

    Bite into a free donut of your choice - no purchase necessary. Did you know donuts gained popularity during World War I, when the Salvation Army cooked the sweet treat for the soldiers who were in the trenches? Armed with a helmet, rolling pins and donut supplies, the Donut Lassies provided the soldiers a piece of home from the trenches of eastern France, said Lt.
  • Paisa Petrol Price Cut Fuels Memes, Jokes And Anger On Twitter

    Paisa Petrol Price Cut Fuels Memes, Jokes And Anger On Twitter

    Economy

    A 1 paisa cut in the price in one day is nothing but making a mockery out of the common man who is bogged down by the prices increase. Petrol price in Delhi was cut by 60 paise to ₹77.83 a litre. "All this will reflect in reduction in retail rates in coming days", he said. The state government decision comes in the wake of fuel prices going up steadily in the last two weeks after Karnataka election.
  • Opec and Russian Federation better not poke the shale oil bear

    Opec and Russian Federation better not poke the shale oil bear

    Economy

    While this strategy has certainly helped the central government reinforce federal coffers, the recent increase in crude oil has made fuel more expensive than ever before. The downward pressure on oil continued on Monday as traders considered data showing a jump in the number of USA oil rigs, indicating potential growth in United States production.
  • Service Dog Gives Birth To Puppies In Tampa International Airport

    Service Dog Gives Birth To Puppies In Tampa International Airport

    Economy

    Van Atter says she will be donating one of the puppies to a children's service dog charity. This is not something you expect to see when going to the airport. The pregnant yellow lab was flying to Philadelphia with her owner and her "partner", Nugget. She and her owner were on their way to Philadelphia when Ellie went into labor.
  • PayPal swoops on iZettle in $2bn tie-up

    PayPal swoops on iZettle in $2bn tie-up

    Economy

    The small businesses are active across 11 countries, mostly in Europe, as well as Mexico and Brazil. "With almost half a million merchants on their platform, Jacob de Geer and his team add best-in-class capabilities and talent that will expand PayPal's market opportunity to be a global one-stop solution for omnichannel commerce".
  • Trump May Have Paid Hush Money to Two More Women

    Trump May Have Paid Hush Money to Two More Women

    Economy

    Cohen has previously said he paid adult film actress Stormy Daniels $130,000 as part of a settlement and non-disclosure agreement reached just before the election in 2016. Cohen spoke to him again at Trump Tower when the two men were outside the meeting between Foreign Minister Mohammed al-Thani and Flynn. Whether Trump committed a crime by not disclosing the Cohen payments past year is a matter of whether or not he purposely omitted them, according to experts.
  • Saga plc (LON:SAGA) Rating Changes as of May 16, 2018

    Saga plc (LON:SAGA) Rating Changes as of May 16, 2018

    Economy

    Pinnacle Financial Partners Inc sold 14,495 shares as Blackstone Group LP (BX)'s stock declined 3.02%. Morgan Stanley has invested 0% in Firstgroup plc (LON:FGP). On Friday, May 11 JP Morgan maintained Beazley plc (LON:BEZ) with "Overweight" rating. On Tuesday, January 30 the rating was maintained by Shore Capital with "Hold".
  • 22 killed in Andhra launch capsize, 12 bodies fished out

    22 killed in Andhra launch capsize, 12 bodies fished out

    Economy

    Describing the deaths as nothing but government killings, Pawan said it was unfortunate that the government was least bothered about lack of permissions and checking fitness of the boats to operate in the river. He also extended his condolences to the families of the victims for those still missing. Chief Minister N Chandrababu Naidu directed the officials to launch rescue operations on war footing.
  • US Senate approves bill in bid to retain net neutrality

    US Senate approves bill in bid to retain net neutrality

    Economy

    Democrats invoked the Congressional Review Act (CRA) of 1996, which enables the legislature to override regulations within 60 days of them being enacted. Edward Markey of MA, sought to stop the FCC's repeal of the Obama-era rules by using their authority under the Congressional Review Act to nullify the commission's vote last December.
  • Arsenal next manager: Mikel Arteta expected to be appointed this month

    Arsenal next manager: Mikel Arteta expected to be appointed this month

    Economy

    Pires believes Vieira remains the ideal candidate to step into Wenger's shoes at the Emirates club. Wenger's assistant Steve Bould has also been offered a new role but the former defender hasn't yet given an indication of his future and is understood be weighing up an offer from recently relegated Stoke City.