Markets

Opec chief sees oil producers near to re-balancing market

Opec chief sees oil producers near to re-balancing market

Crude output at major USA shale plays is forecast to climb to 5.2 million barrels a day in May, the highest since 2015, according to the Energy Information Administration's monthly Drilling Produ...

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OPEC Likely To Extend Oil Output Cut

Many have been predicting a sustained rally and leaders of the Organization of the Petroleum Exporting Countries even came out this week to suggest further output cuts. "It all comes down to whether...

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Tesla Recalls 53000 Cars due to Faulty Parking Brake

Tesla Recalls 53000 Cars due to Faulty Parking Brake

Rather, Tesla says that should the gear break, the auto will be stuck with the parking brake on, and therefore will be unable to move. The statement further says, "While less than 5% of the vehicles...

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RIL Q4 profit expands 12.3 pc on higher refining margins

RIL Q4 profit expands 12.3 pc on higher refining margins

The profit is lower than the 82.46 billion rupees predicted by a poll of analysts by Thomson Reuters. As for the refining business, the company surprised on Gross Refining Margins front, reporting i...

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Tied at 2: Gasol lifts Grizzlies past Spurs in OT

Tied at 2: Gasol lifts Grizzlies past Spurs in OT

But Conley, who had 11 points in the fourth, answered with a floater in the lane with 4.5 seconds left to tie the game at 96. The Spurs were able too come back from ten down in the fourth quarter and ...

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Exxon seeks waiver from United States to resume Russian oil projects

ExxonMobil has filed a request with the U.S. Treasury Department for a waiver to allow the oil giant to resume business dealings with a Russian conglomerate. The United States and European Union imp...

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Macron Wins First Poll In French Presidential Race: Positive for Stocks?

Macron Wins First Poll In French Presidential Race: Positive for Stocks?

Media in several countries pointed to the historic defeat suffered by the mainstream left and right, with the Wall Street Journal calling the vote a "stunning rebuke of France's mainstream political f...

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IL bill would ban forcible removal of passengers after UAL incident

IL bill would ban forcible removal of passengers after UAL incident

The policy change, made by the company late Friday, would require United commuting staff and crew members to check in for all flights 60 minutes prior to departure, according to the US TV network CNN....

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Is Jimmy Choo plc a bargain as it goes up for sale?

Is Jimmy Choo plc a bargain as it goes up for sale?

Jimmy Choo floated on the stock exchange in October 2014 at price of 140p a share. "The Board of Jimmy Choo announces today that it has made a decision to conduct a review of the various strategic o...

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Riyadh says oil output cut may be extended

Consumer gas prices are correlated to the price of wholesale crude oil. USA drillers added oil rigs for a 14th week in a row, to 688 rigs, extending an 11-month recovery that is expected to boost US...

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Ref gave Real Madrid two offside goals - Bayern

Ref gave Real Madrid two offside goals - Bayern

A fourth on the break from substitute Marco Asensio in the 112th minute completed a 6-3 aggregate win for the Spanish league leaders as former Real boss Carlo Ancelotti endured a miserable return to t...

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Celtic into Scottish Cup final in treble chase

We changed two players and we changed Kenny Miller's position in order for him to contain Scott Brown. We got better in the first four minutes until the penalty, and the penalty changed things for t...

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GST consensus exemplar of cooperative federalism: Modi

GST consensus exemplar of cooperative federalism: Modi

As the meeting would be held till the evening, CM won't be able to meet the high command. Prime Minister Narendra Modi is expected to set robust targets for infrastructure creation for 2017-18 after...

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International Monetary Fund raises China growth outlook but warns of risk of 'disruptive adjustments'

International Monetary Fund raises China growth outlook but warns of risk of 'disruptive adjustments'

It also raised its forecast for growth next year to 6.2 percent from the previous 6.0 percent. Economic activity is forecast to accelerate slightly this year in four of the ASEAN-5 economies: Indone...

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New video shows Dr Dao stay on flight to treat patients

New video shows Dr Dao stay on flight to treat patients

United had fully booked the flight but needed to provide seats for four airline employees who needed to get to Louisville for work. David Dao (the doctor who was dragged off the plane) is now at ...

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The UK would be welcome back in EU

The UK would be welcome back in EU

A two-thirds majority of MPs must agree to a move that will shorten the lifespan of a parliament. "We won't be doing television debates", May said, adding that politicians should spend election camp...

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GM Planning Launch of 10 Electric Cars in China by 2020

Nio is backed by Chinese technology giants Tencent Holdings and Baidu Inc as well as Silicon Valley investors. "Sustainability is one of the mega trends worldwide, and China is a leading market in e...

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Australian Government ends visa programme that allowed overseas temporary workers

The abolition of the 457 visa - to be replaced by two new tighter temporary skills shortage visas - is, according to Turnbull, all about "Australia first". Opposition Leader Bill Shorten on Wednesday ...

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Ontario Takes Steps in Bid to Calm Housing Market

Fears of a potential real estate market collapse as well as diminishing housing affordability have put increasing pressure on Wynne's Liberal government to take action, at a time when the average pric...

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MCD elections: Delhi records 54 per cent turnout; 18 EVMs develop glitches

As per them BJP will win anything between 202-220 seats, AAP 23-35 and Congress 19-31. While AAP would be the biggest loser in such a scenario, the Congress too would suffer a huge setback at a time w...

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France may catch populist wave in presidential election

When he too calls for his supporters to vote for Mr Macron, there follows a general booing. Polls suggest far-right nationalist Marine Le Pen and Emmanuel Macron, an independent centrist and former ...

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France begins voting in presidential poll amid high security

Results from ballots cast in the territories will, however, remain sealed until Sunday evening after polls have closed in mainland France. The vote took place under heavy security after the killing ...

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Labour backs Trident after Corbyn dithers

Labour backs Trident after Corbyn dithers

It came three hours after the party's leader had appeared to cast doubt on a future Labour government's support for the nuclear deterrent system, and suggested he would think twice about backing a str...

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Security tight as France votes for new president

It sets up a battle between Macron's optimistic vision of a tolerant France and a united Europe with open borders against Le Pen's darker, inward-looking "French-first" platform that calls for closed ...

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Canada puts housing speculators on notice as Toronto prices soar

Canada puts housing speculators on notice as Toronto prices soar

The speculation tax, which is aimed to take effect immediately, will not apply to refugees or immigrant nominees. The new measure applies to non-Canadian citizens, non-permanent residents, and corpo...

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Crude rebounds on OPEC comments

Crude rebounds on OPEC comments

The stable prices came after a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the Organization of the Petroleum Exporting Countri...

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'Casino Royale cash plot' behind Dortmund bus bomb, say police

According to the Independent, the 28-year-old man, named only as Sergej W, had bought a put option on Borussia Dortmund's shares on the day of the attack, giving him the right to sell the shares for a...

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Massive Power Outage Brings San Francisco To a Standstill

Moreover, that outage did not coincide with the ones in NY and San Francisco but rather occurred one day earlier. The outage left people stuck in elevators, shut down hospital operating rooms and ...

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Analysts At Stifel Reiterated Vernalis PLC (LON:VER) As Hold

About shares traded. Synacor Inc (NASDAQ:SYNC) has risen 33.33% since September 14, 2016 and is uptrending. Glencore PLC (LON:GLEN) has risen 52.44% since September 21, 2016 and is uptrending. The fir...

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Leaders of IMF and World Bank defend globalization

Leaders of IMF and World Bank defend globalization

Trump has threatened to impose punitive tariffs of up to 45 percent against Mexico, China and other nations he believes are competing unfairly with American workers. "It's something like a lose-lose s...

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Economic Outlook: IMF projects Luxembourg growth slowdown

In the report, the fund projected the global economy will grow 3.5 percent this year, up from its January projection of 3.4 percent and a 3.1 percent annual growth rate in 2016. The organization now p...

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Trump puts officials in Sanctuary Cities on notice

The money helps pay for bomb suits, human trafficking investigations, body cameras, community policing, terrorism prevention, and efforts to combat the sexual exploitation of children over the Interne...

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US Treasury's Mnuchin urges IMF to enhance FX surveillance

US Treasury's Mnuchin urges IMF to enhance FX surveillance

They argue that blocking free trade would hobble economic growth instead of saving jobs from foreign competition. Anti-poverty activists said that the World Bank must expand its definition of poverty ...

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The IMF just boosted its growth forecast for Britain's economy to 2%

Forecasts for Japan (1.25%) and the United Kingdom (2%) have also been upgraded. Growth rates in most other countries in the Cooperation Council of the Arab States of the Gulf are similarly projecte...

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IMF members delete anti-protectionism pledge, keep currency commitments

IMF members delete anti-protectionism pledge, keep currency commitments

Mnuchin said the global economy continues to exhibit large and persistent external imbalances, "which contribute to the sentiment that the existing worldwide monetary and trading system does not benef...

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