Markets

Here's What Could Drive Oil Prices Higher This Summer

In the United States, West Texas Intermediate (WTI) crude futures CLc1 dropped 4 cents to $49.47 a barrel. Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed...

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Westinghouse Files for Chapter 11 Bankruptcy in US

The four reactors are part of two projects: V.C. Summer in SC, majority owned by SCANA Corp; and Vogtle in Georgia, owned by a group of utilities led by Southern Co. Toshiba will waste no time gett...

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Vodafone's Indian telecom unit merges with local company

Vodafone and Idea - which is controlled by the Aditya Birla group, a conglomerate with interests from cement to financial services - will eventually own identical stakes in the combined company, afte...

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Germany trades barbs with Donald Trump after Angela Merkel meeting

German Chancellor Angela Merkel read a Playboy interview with Donald Trump in preparation for her first official meeting with the President, German officials have said . White House spokesperson ...

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US House votes to destroy the privacy rights of web users

President Donald Trump is expected to sign the Republican-pushed bill. Your personal information will soon be even more exposed on the internet because Congress just passed a new law eliminating ...

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Toshiba nuclear unit Westinghouse files for bankruptcy protection

Toshiba nuclear unit Westinghouse files for bankruptcy protection

Cost overruns have dogged the two nuclear facilities under construction in the nation - Southern's Vogtle plant in Georgia and SCANA's V.C. Summer project in SC. At that time , nuclear power seemed p...

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Rajya Sabha returns Finance Bill with amendments

Rajya Sabha returns Finance Bill with amendments

Finance Bill when it comes up in Rajya Sabha for a smooth passage on Wednesday, is expected to face some stiff opposition from parties in the opposition bench as it has been learnt that some oppositio...

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Delving into Alibaba Group Holding Ltd (NYSE:BABA) Earnings & Estimates

Delving into Alibaba Group Holding Ltd (NYSE:BABA) Earnings & Estimates

Pennsylvania Trust Co bought a new position in shares of Alibaba Group Holding during the third quarter worth about $444,000. Ayalon Holdings Ltd. now owns 1,120 shares of the company's stock valued a...

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Experts respond to Trump's climate blitzkrieg

Experts respond to Trump's climate blitzkrieg

The Department of Justice declined comment. A coalition of 16 mostly Democratic-led states and environmental groups involved in the legal case say they will oppose the administration's request for a...

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Jeff Bezos overtakes Warren Buffet as world's second richest

Jeff Bezos overtakes Warren Buffet as world's second richest

Bezos added $1.5 billion to his fortune after Amazon gained $9 billion in market value during trading on Wednesday. Bezos surpassed Berkshire Hathaway CEO Warren Buffet ($75.5 billion) and Inditex f...

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Trump's budget: federal staff braced for layoffs

Trump's budget: federal staff braced for layoffs

This latest spending spree technically has his name on it, but it was also devised under strict constraints, namely that the defense budget had to be hiked by $54 billion, equivalent offsetting cuts ...

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The White House Touted an Article Making Fun of President Trump's Budget

The White House Touted an Article Making Fun of President Trump's Budget

The FY 2017 supplemental funding request for the military seeks to authorize $5 billion in OCO budget and $24.9 billion in funds for DoD's base budget initiatives that include F-35s, F/A-18 Super Hor...

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Vale SA (VALE), Alamos Gold, Inc. (AGI)

While the actual EPS the company reported in the same quarter previous year was -0.03/share. Royal Bank of Canada restated a "sector perform" rating and set a C$12.00 price target on shares of Alamos ...

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Zuma plans to fire Gordhan, says senior ANC officials

Local media said Gordhan's dismissal had been discussed on Monday at talks between Zuma and the ANC-allied South African Communist Party, and that the ruling party's six top officials had discussed ...

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US won't participate in UN Right Council without reforms

US won't participate in UN Right Council without reforms

The United Nations and human rights groups said it would be a mistake for the U.S.to leave the council. "The Human Rights Council requires considerable reform in order for us to continue to partic...

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Jeff Sessions calls on sanctuary cities to "enforce our immigration laws"

So-called " sanctuary cities " offer safe harbor to undocumented immigrants who might otherwise be deported by federal law enforcement officials. Sessions, following up on the release of last week...

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Ivanka Trump Is Moving...Into Her Very Own West Wing Office

Ivanka Trump Is Moving...Into Her Very Own West Wing Office

Although the president's daughter will not be an employee of the USA government, she will serve as an adviser and counsel her father on "initiatives that are important to her", Gorelick said. First da...

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Sears Has 'Substantial Doubt' About Its Future

Kmart has 11 Western Pennsylvania locations, including Pleasant Hills. At the Sears store in Hackensack, elderly shoppers predominated Wednesday, and said they shopped they because it was convenie...

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What completed Dakota Access pipeline means for key players

It was the final piece of construction for a pipeline that will carry crude from western North Dakota's Bakken oil fields 1,200 miles (1930 kilometres) through South Dakota and Iowa to a distribution ...

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Uber Pulls Self-Driving Cars From the Streets After Crash

According to the police, the self-driving Uber SUV was obeying the law, while the human driver of the other auto was cited for a "moving violation". To alleviate any customer concern around its self...

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5 things to know about Trump's budget proposal

5 things to know about Trump's budget proposal

First, the Budget has to be approved by Congress and, so far, it doesn't seem to have much support amongst Republicans - let alone Democrats. The Trump White House sends a daily email touting its su...

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Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Crude prices received support after Libya reported the closure of key pipelines, as tension between the government and a militia flared up again, removing about 250,000 oil barrels a day from the ma...

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South Africa's finance chief recalled from United Kingdom trip

This morning South Africa's Presidency released a 38-word statement recalling the Minister of Finance from an global investment promotion roadshow. With the rand plummeting with more than 30 cents to ...

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Trump fuel economy move sets up fight with Calif., NY

Trump fuel economy move sets up fight with Calif., NY

In 2012, it set a new target of 54.5 mpg by 2025. The rules determine what choices are available to consumers when they visit the dealership, and how fast carbon emissions from vehicles are reduced ...

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China still committed to Paris climate change deal - foreign ministry

Declaring an end to what he's called "the war on coal ", President Donald Trump signed an executive order Tuesday that eliminates numerous restrictions on fossil fuel production, breaking with ...

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Opec partners' supply cuts faltered in Feb, says IEA

Top OPEC producer Saudi Arabia is also a member of the JTC in its capacity as 2017 OPEC president. Brent crude has averaged about $55 this year but prices touched a three-month low earlier this ...

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Lloyd's of London to set up Brussels subsidiary as profits remain flat

Lloyd's of London to set up Brussels subsidiary as profits remain flat

The world's biggest insurance market confirmed on Thursday it would set up a new subsidiary in the Belgian capital, which will be able to underwrite insurance policies from all 27 EU and three EEA sta...

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Vetr Inc. Upgrades AK Steel Holding Co. (AKS) to Strong-Buy

Vetr Inc. Upgrades AK Steel Holding Co. (AKS) to Strong-Buy

The company has a 1 Year high price target of $38.08. Citigroup Inc lowered AK Steel Holding from a neutral rating to a sell rating and set a $8.00 price target for the company.in a research note on T...

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Cenovus buying most of ConocoPhillips's Canadian assets

Calgary-based Cenovus said late on Wednesday it is acquiring the 50 per cent of the companies' oil sands joint venture that it does not already own. Total proceeds for the transaction consist $10.6 ...

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Swiss find signs of spying linked to Turkish community

The Swiss Green Party also supported the rally, which was attended by approximately 250 PKK supporters who shouted slogans against Turkey and Erdogan. "You get disturbed when we say it is fascism, it'...

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Accenture PLC (NYSE:ACN) Issued With 'Hold' Rating At Credit Suisse

Accenture PLC (NYSE:ACN) Issued With 'Hold' Rating At Credit Suisse

The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 2.3%. The ex-dividend date of this dividend is Tuesday, April 11th. Columbia Pacific Adviso...

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Spire Healthcare Group PLC (SPI) Rating Reiterated by JPMorgan Chase & Co

Spire Healthcare Group PLC (SPI) Rating Reiterated by JPMorgan Chase & Co

Therefore 80% are positive. Centaur Media PLC had 45 analyst reports since July 30, 2015 according to SRatingsIntel. Shares of Aldermore Group PLC (LON:ALD) opened at 222.70 on Monday. Prudential Pu...

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Trump sweeps away Obama climate change plan

A coalition of 23 U.S. states and local governments vowed to fight the order in court. "These actions are an assault on American values and they endanger the health, safety and prosperity of every...

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Permit put forward for Keystone XL pipeline

It's created to move crude from Canada's oil sands in Alberta south to the U.S. Gulf Coast, where it could be refined or exported. Keystone XL would carry more than one-fifth of the oil Canada exp...

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What the GOP's plan to kill essential health benefits means

What the GOP's plan to kill essential health benefits means

It should prompt the House to slow down and reconsider certain provisions of the bill. "So the reality is clear: America is stronger because of the Affordable Care Act", said Obama. Nonprofit health...

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