Economy

Economy Key Topics of International Petroleum Week: Saudi Gas, OPEC Deal, Shale Oil
Author: 0 Key Topics of International Petroleum Week: Saudi Gas, OPEC Deal, Shale Oil

Mazrouei declined to say when this draft agreement would be finalized, other than to express that he hopes it can be signed and delivered by the end of the year, when his stint in the rotating OPEC presidency will conclude. He added "we are now set to initiate innovative efforts to deliver the future and build on the Declaration of Cooperation reached by OPEC member- and non-member states past year to secure the sustainable development goals".

Economy Gitanjali Hit by Resignations, Tax Raids Following Fraud Allegations
Author: 0 Gitanjali Hit by Resignations, Tax Raids Following Fraud Allegations

With Wednesday's seizure, the total value of gems and gold jewellery seized by the ED stands at Rs 5,736 crore. ED investigators have stepped up their action against the suspected shell firms linked to Nirav Modi and Mehul Choksi . The body froze Nirav Modi's mutual funds and shares worth Rs 7.80 Crore and Rs 86.72 crore of those belonging to Mehul Choksi Group. During the raids, the investigators also searched for proceeds from the accuseds' crimes, and are examining the data trail.

Economy Woman Kicked Off Emirates Flight Due To Period Cramps
Author: 0 Woman Kicked Off Emirates Flight Due To Period Cramps

Beth Evans boarded the flight in Birmingham, UK, on Saturday with her boyfriend, Joshua Moran, but they were told they must leave after an attendant overheard her complaining about the pain. They were both then removed from the flight, as reported by the Washington Post . An independent travel expert named Frank Brehany weighed in, offering The Independent his perspective.

Economy Gold Down a Bit Ahead of Fed Minutes
Author: 0 Gold Down a Bit Ahead of Fed Minutes

But the greenback finally appeared to be benefiting from rising USA bond yields, especially as the Treasury Department issues more debt in anticipation of a higher deficit from last year's tax overhaul and plans to increase federal spending.

Economy Barclays numbs news of 2017 loss with dividend promise
Author: 0 Barclays numbs news of 2017 loss with dividend promise

The bank confirmed a 3.0p payout for 2017, as expected, as it reported 10% increase in annual profit to £3.5bn but an attributable loss of £1.9bn after costs associated with the sale of its African subsidiary sale and U.S. Shares in the bank reacted positively to the results, with investors likely focusing on the pre-tax profit figure. "2017 was a year of considerable strategic progress for Barclays", the group's chief executive Jes Staley commented in the statement, adding that while ...

Economy PF rate at 5-year low
Author: 0 PF rate at 5-year low

It is the third straight year when the interest rates have been slashed . The proposal will be vetted by the finance ministry, who notifies the rate of interest. The EPFO has been investing in ETFs since August 2015 and it has so far not monetised the ETF investments. This amount helped it to bridge the income gap and offer a still-attractive rate, especially when you compare it to other small savings schemes like the ever-popular Public Provident Fund (PPF) earning 7.6 per cent, a ...

Economy McDonald's Is Bringing Back Szechuan Sauce Next Week
Author: 0 McDonald's Is Bringing Back Szechuan Sauce Next Week

Get ready Rick and Morty fans, because we finally know McDonald's Szechuan sauce release date, at least we will tomorrow. Last we heard, Adult Swim had made T-shirts , and McDonald's promised there would be more sauce "this winter". Fast forward to October when McDonald's released an extremely limited amount of the sauce in packaging that looked like the sauce from the show.

Economy ED searches 17 locations in PNB fraud case
Author: 0 ED searches 17 locations in PNB fraud case

A few days later UCO Bank said about $412 million was at risk from the transaction. It isn't hard to build an interface between Swift and the bank's own software, he said. "We have arrested five people connected to both Nirav Modi and Mehul Choksi's companies, and they will be produced in CBI court today", CBI spokesman Abhishek Dayal told AFP.

Economy Dollar rises as Fed minutes back more United States rate increases
Author: 0 Dollar rises as Fed minutes back more United States rate increases

Analysts noted however that as there had been a fall in the average number of hours worked in January that would have bumped up the AHE figure. The meltup in the 10-year period is getting serious now, nearing the 3% to 3.5% zone that many professionals have fingered as the danger zone where pricier credit will weigh on stock prices via everything from a pullback in corporate debt-funded share buybacks to weighing on consumer financing and spending.

Economy Ferry explosion injures 25 in Playa Del Carmen
Author: 0 Ferry explosion injures 25 in Playa Del Carmen

Authorities in Quintana Roo, Mexico, are reporting that at least 18 people have been injured in an explosion on a ferry in Playa del Carmen on Wednesday. The Port Administration of Quintana Roo state said in a statement that preliminary indications suggest a mechanical failure may have been to blame.

Economy Ford North America President Leaves Following Misconduct Allegations
Author: 0 Ford North America President Leaves Following Misconduct Allegations

Nair said he had nothing to add to that statement when reached by phone Wednesday by the Associated Press. Ford Motor stating that Nair had been released for behavior inconsistent with Ford Motor Company - described as inappropriate behavior but did not detail exactly what that behavior was.

Economy 13-digit numbering plan: DoT issues norms for M2M devices
Author: 0 13-digit numbering plan: DoT issues norms for M2M devices

The Department of Telecom (DoT) has reportedly issued instructions to all the telecom operators in India, asking them to issue to start issuing 13-digit mobile number to all Machine-to-Machine customers. However, social media circles and massaging groups were abuzz with some "half-true" stories on a recent DoT circular, since Tuesday. M2M communication is used for controlling several devices such as surveillance cameras, driverless cars, smart electricity meters, etc over the internet.

Economy Budget 2018 earmarks more than $6 billion for affordable homes
Author: 0 Budget 2018 earmarks more than $6 billion for affordable homes

However, the only issue the BCFED had with the budget pertained to the Employment Standards Branch - something the BC Liberals decimated during their time in office. Effective Wednesday, the B.C. government is raising the province's controversial foreign-buyer tax to 20% from 15% and expanding its scope to cover applicable residential property purchases in the Fraser Valley, Central Okanagan, Nanaimo and Capital Region Districts.

Author: 0 Price Target Watch on Shares of Louisiana-Pacific Corporation (NYSE:LPX)

The mounting pressure on price table, shares of the company has 20 days moving average (MA) price volume of -16.32% from previously ending price volume of 0.23 million. Stephens Ar reported 0.06% stake. Finally, Cornerstone Advisors Inc. boosted its stake in shares of Weyerhaeuser by 324.7% in the fourth quarter. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company.

Economy Tough Start for Housing
Author: 0 Tough Start for Housing

All major regions saw monthly sales decreases last month. Regionally, existing-home sales fell 1.4% in the Northeast; 6.0% in the Midwest; 1.3% in the South; and 5.0% in the West. With properties scarce and prices rising, sellers still have the upper hand. Meanwhile, there are also worries that caps on the deduction for mortgage interest following a recent overhaul of the tax code could hurt demand for houses, Reuters explained .

Economy Gold Sits Still Ahead Of Fed Minutes
Author: 0 Gold Sits Still Ahead Of Fed Minutes

The January meeting was the last attended by Chair Janet Yellen, who was succeeded by Jerome Powell. The Fed has forecast three rate hikes in 2018. The minutes also explained the new wording: "Members agreed that the strengthening in the near-term economic outlook increased the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate".

Author: 0 American Electric Power Company Inc (AEP) Position Boosted by Norinchukin Bank The

About 1.83M shares traded. Blucora, Inc. (NASDAQ:BCOR) has risen 147.59% since February 21, 2017 and is uptrending. It has underperformed by 3.04% the S&P500. The firm earned "Buy" rating on Tuesday, August 25 by Deutsche Bank. Finally, Deutsche Bank cut their price target on shares of General Electric from $18.00 to $15.00 and set a "sell" rating on the stock in a report on Tuesday, November 21st.

Economy US Law Firms Must Prepare For GDPR, Panel Warns
Author: 0 US Law Firms Must Prepare For GDPR, Panel Warns

They include those with offices in an EU member state; have no offices in any EU member state but processes personal data of EU nationals and residents; have more than 250 employees; and have fewer than 250 employees but its data processing impacts the rights and freedoms of data subjects or occasionally includes certain types of sensitive personal data.

Economy Los Angeles County authorities stop possible high school shooting plot
Author: 0 Los Angeles County authorities stop possible high school shooting plot

Deputies served a warrant at the student's home in Norwalk, and found two AR-15 rifles, two handguns and 90 high-capacity ammunition magazines, McDonnell said. . He was arrested on multiple charges including: possession of an assault weapon, import of a high-capacity magazine, failure to register a handgun, and criminal storage of firearms.

Economy Japanese Exchange Faces Technical Glitch, Offers Free Bitcoins
Author: 0 Japanese Exchange Faces Technical Glitch, Offers Free Bitcoins

This time, investors were allowed to buy bitcoins for free. Zaif is one of 16 exchanges registered with the government, which a year ago allowed a further 16 - including Coincheck - to continue operating pending full registration. Six of the transactions have been voided, and the exchange has been trying to resolve the problem with the seventh customer, who tried to cash out. A Tech Bureau official apologized to customers for the trouble and pledged to take measures to prevent further ...

Economy Here come the Fed minutes
Author: 0 Here come the Fed minutes

The consumer price index , excluding food and energy, was 1.8 percent for the year ending January, and retail sales unexpectedly declined from the prior month. If household and business spending raises demand but not the size of the workforce or labor productivity, the Fed might conclude inflation will rise too far above its 2% target.

Economy Eurozone business growth slows in February: Markit
Author: 0 Eurozone business growth slows in February: Markit

IHS Markit's composite flash PMI for the euro zone, seen as a good guide to economic health, fell to 57.5 this month, below all forecasts in a Reuters poll that had predicted a more modest dip to 58.5 from January's final reading of 58.8. Jessica Hinds, European economist at Capital Economics, said that despite the drop in the composite eurozone PMI, the index is still at a very high level and consistent with continued healthy growth this year.

Economy Are Analysts Bullish Vp plc (LON:VP) After Last Week?
Author: 0 Are Analysts Bullish Vp plc (LON:VP) After Last Week?

The firm has "Hold" rating by Canaccord Genuity given on Monday, February 8. The stock has "Buy" rating by Investec on Thursday, March 17. The rating was maintained by Oppenheimer on Tuesday, August 22 with "Buy". It closed at GBX 115.1 lastly. About 3,134 shares traded. Mears Group plc (LON:MER) has 0.00% since February 20, 2017 and is. As of 14:16 GMT, Barclays' share price had added 0.05 percent to 201.15p, marginally underperforming the broader United Kingdom market, with the benchmark ...

Author: 0 BidaskClub Lowers Amazon.com (AMZN) to Buy

It has outperformed by 20.71% the S&P500. Nwq Investment Management Company Llc increased its stake in Innospec Inc (IOSP) by 93.23% based on its latest 2017Q3 regulatory filing with the SEC. Garrison Bradford And Assocs Inc, a New York-based fund reported 705 shares. King Luther stated it has 302,859 shares or 2.55% of all its holdings. Telos Cap Mngmt has 0.91% invested in Amazon.com, Inc.

Economy Gitanjali Gems Shares Plunge 35% In Two Days After PNB Fraud
Author: 0 Gitanjali Gems Shares Plunge 35% In Two Days After PNB Fraud

The company would inform about the next date of meeting, it said. The Securities and Exchange Board of India (Sebi) has launched a probe into trading and disclosure related issues in the matter of Punjab National Bank (PNB) and Gitanjali Gems Ltd in connection with the Rs11,400 crore bank fraud allegedly perpetrated by the absconding Nirav Modi.

Economy Uber rolls out transit-style Express Pool service in Denver
Author: 0 Uber rolls out transit-style Express Pool service in Denver

The company says the new service will be 75% cheaper than UberX . Those more-affordable fares come not only at the cost of walking, but a slightly longer wait time - up to two minutes, according to Uber. In both pick up and drop off instances, the Uber app provides walking directions for users. The feature is designed for more direct routing, with easier pickups for drivers and fewer deviations from the route for riders.

Author: 0 IShares MSCI Global Gold Miners ETF (RING) Declines 1.54% for Feb 20

Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. Many investors will use the CCI in conjunction with other indicators when evaluating a trade.

Economy AT&T announces first 3 cities for mobile 5G launch
Author: 0 AT&T announces first 3 cities for mobile 5G launch

The world's largest telecommunications company has announced its plan to bring mobile 5G to customers in a dozen cities in the United States by the end of 2018. The company also said that it deploying 5G capabilities in LTE network. The initial 5G coverage will operate over millimetre wave (mmWave) spectrum, which doesn't offer the best range and will only provide 5G in some areas, before deploying the technology on additional spectrum bands at a later time.

Economy UK PM May wants European Union citizens to stay after Brexit
Author: 0 UK PM May wants European Union citizens to stay after Brexit

The EU has repeatedly asked Mrs Mary to clarify how she sees Britain's future relationship with the EU, though she is wary of setting out too many details because her party is so divided over the issue. Britain's foreign secretary described Brexit as a "mess" as he met with German officials, it has been reported . Opponents of Brexit were unpersuaded by the speech , pointing to previous statements by members of the Conservative government in favor of slashing regulations in areas ...

Economy Walmart's Online Sales Stumbled, Profits Plunged in Q4
Author: 0 Walmart's Online Sales Stumbled, Profits Plunged in Q4

For now, the company is recording a provisional benefit of $207 million for the fourth quarter and full year. Retail sales across the U.S. during November and December increased 5.5% year-on-year, to approximately $692 billion, according to the National Retail Federation .

Author: 0 Gold Prices at 1-week lows as dollar remains supported

Gold prices fell to one-week lows on Wednesday, as strength in the USA dollar continued to weigh, although caution ahead of the minutes of the Federal Reserve's latest meeting and uncertainty surrounding a big US debt auction this week was expected to limit the greenback's gains.

Economy Walmart Q4 Sales Rise But Earnings Come Up Short
Author: 0 Walmart Q4 Sales Rise But Earnings Come Up Short

Beck Capital Management Llc increased Wal ( WMT ) stake by 54.43% reported in 2017Q3 SEC filing. Furthermore, the company managed to report great figures from their quarter despite the lackluster earnings per share; Walmart managed to bolster its revenue and USA same-store sales .