Brent futures fell 37 cents, or almost 0.5 percent, to $79.20 a barrel by 0636 GMT, after climbing 35 cents on Tuesday. US refiner Valero Energy Corp this year boosted its imports of Venezuelan crude ahead of USA sanctions over the country's disputed presidential election and as other customers received less of the OPEC-member's exports, according to Thomson Reuters trade flows data. Read More
Susan Collins of ME and John Kennedy of Louisiana joined Democrats in a 52-47 vote to undo the Federal Communication Commission's repeal order. He said the internet thrived long before the Obama administration stepped in, and he predicted that when the Trump administration's rule scrapping net neutrality goes into effect in June, consumers won't notice a change in service. Read More
Worldwide benchmark Brent crude futures for the July delivery rose by 0.8 percent to $78.93 per barrel, marking a new high after hitting a 3-1/2 year high of $78.53 during the previous session. Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the worldwide market which saw the price leap to $78 yesterday, up from $67 April average. Read More
Until now, Starbucks has held a "loose" policy of letting paying customers use the store's restroom, but managers had discretion to allow others to use the restroom as well. Clearly, people hang out in coffee shops all the time, sometimes even (gasp) near the bathrooms-which brings us to this new policy. Some of the men detained on April 12 has been denied entry using your bath before sitting to await a small business meeting. Read More
According to Market Watch , the stock is jumping towards its biggest six-day rally in nine years. While Warren Buffett maybe upset about not investing and purchasing stocks from Google as well as Amazon, he certainly makes his interest in Apple clear as its 250 million stockholder, Berkshire Hathaway . Read More
Epoch Inv Prtn has invested 0.02% in Southwest Airlines Co . (NYSE:WTI). State Street holds 0% or 1.61M shares. Following the purchase, the director now owns 70,469 shares of the company's stock, valued at $3,963,881.25. (NYSE:WTI) for 2.70M shares. Southwest Airlines Co . (NYSE:LUV), maintained return on investment for the last twelve months at 12.64, higher than what Reuters data shows regarding industry's average. Read More
Asked what questions might be appropriate, the lawyer Rudy Giuliani , a former NY mayor, suggested two to Reuters: "Was there some agreement with the Russians?" But he really has his heart into it. US President Donald Trump on Friday (May 4) shifted his position over possible talks with US Special Counsel Robert Mueller , saying his lawyers have advised him against any talks but that he would submit to questioning if it was "fair". Read More
Although Sachin's exit from Flipkart looks imminent, Walmart is holding on to Kalyan Krishnamurthy, the web retailer's present chief executive, TOI further said citing sources. last week to oversee final lap negotiations with Walmart. People familiar with the negotiations said Walmart has been keen on retaining only one of the two founders as they fine-tune the deal. Read More
In contrast to the trend we saw over the previous two months - and despite reports of improving domestic demand conditions - staffing levels stagnated at the start of Q2-2018. Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April. IHS Markit said optimism among manufacturers dipped to a five-month low in April as concerns about Brexit, trade barriers and the overall economic climate remained widespread. Read More
Most of the questions the Times printed focus on whether Trump may have obstructed justice or tried to frustrate the FBI's Russian Federation investigation, including whether he asked then-FBI Director James Comey to lay off then-national security adviser Mike Flynn, whether he leaned on others to pressure Comey, and why he fired Comey. Read More
Sainsbury's and Walmart's Asda are in talks to create Britain's biggest supermarket group, a combination which would surpass Tesco's grocery market share and be worth up to £15billion (R254.5bn). "It's a proud Yorkshire business and I'm a proud Yorkshire man so Asda, I'm delighted to say, will remain in Yorkshire with its headquarters in Yorkshire because this proposal is about a twin brand strategy with Asda and Sainsbury's remaining very much separate brands". Read More
Volume on US exchanges was 6.67 billion shares, compared to the 6.75 billion average for the full session over the last 20 trading days. But the comments from Caterpillar's executives, as well as from other major companies like 3M and Sherwin-Williams, had investors worrying about whether that growth will show up. Read More
Consumer spending, which accounts for more than two-thirds of the economy, grew only 1.1% last quarter, its weakest pace in almost five years. The GDP report showed the Fed's preferred inflation gauge, the personal consumption expenditures (PCE) price index excluding food and energy, increased at a 2.5 percent rate - the fastest pace since the fourth quarter of 2007. Read More
Among these were Facebook's delay in understanding the impact of Russian influence in the U.S. election, its "mistake" not to inform people their data had been sold to Cambridge Analytica when it first found out about it in 2015, and Schroepfer accepted the initial system for policing apps on its platforms had failed. Read More
She said: "I'm committed to the Government's position, which to some extent we are still working on". Davis told the Brexit committee he expects government policy on Brexit to be upheld by politicians, insisting the government would win the critical looming vote on leaving the EU customs union. Read More
Futures ended the session 0.2% higher, closing above $68 a barrel for a third time this week. Venezuela's crude production PRODN-VE has fallen from nearly 2.5 million barrels per day (bpd) in early 2016 to around 1.5 million bpd due to political and economic turmoil. Read More
The ratio turned negative due to Essentra plc positioning: 19 sold and 70 reduced. 43 funds opened positions while 91 raised stakes. The active investment managers in our database now hold: 3.94 million shares, up from 3.82 million shares in 2017Q3. Read More
MARC Marquez couldn't have headed to a better circuit after his turbulent fortnight. By the halfway mark, the race win was all but sealed as Marc Marquez was flying and his race lead was over five seconds. Marquez had seemed cavalier about the penalty that bumped him from pole position and showed why on Sunday: No other rider was in his class once the race started. Read More
Currently, RIL's market cap is at $89.36 billion, reports Mint . TCS shares rose today by 4 per cent to Rs 3,541, pushing the market capitalisation of India's biggest outsourcer to Rs 6,78,002 crore. Rajesh Gopinathan , CEO and Managing Director of TCS , said employees and customers had played an instrumental role in helping the company achieve the milestone. Read More
The regulator said late on Wednesday it plans to finalize the air-worthiness directive within the next two weeks. U.S. NTSB investigators are on scene examining damage to the engine of the Southwest Airlines plane in this image released from Philadelphia, Pennsylvania, U.S., April 17, 2018. Read More
Net sales rose 4.3 percent to $16.28 billion, helped by demand for skincare products Olay and SK-II, as well as fabric and home care products such as Febreze. Merck will continue to focus on its pharmaceutical business. Merck has stated that the proceeds from the acquisition deal will help the firm minimize its debt, thereby offering more flexibility in running the company's operations. Read More
It has underperformed by 10.35% the S&P500. BMO Capital Markets restated a hold rating and issued a $175.00 price objective on shares of IBM in a research note on Thursday, January 11th. About 1.76 million shares traded. Guggenheim initiated the shares of ADBE in report on Thursday, April 13 with "Buy" rating. California-based Telos Cap Management has invested 0.21% in International Business Machines Corporation (NYSE: IBM ). Read More
The current currency in circulation is around Rs 18.04 trillion - this is marginally higher than the notes in circulation during demonetisation time, which was Rs 17.74 trillion. Seizing an opportunity, some opposition leaders didn't refrain from blaming the centre for the cash crunch . West Bengal Chief Minister Mamata Banerjee has commented that cash crunch in ATMs remind her of the demonetization days. Read More
Longtime CEO Winterkorn quit after the firm admitted in 2015 to manipulating 11 million diesel vehicles worldwide to cheat regulatory emissions tests in a scandal that became known as " dieselgate ". The management revamp comes after the company posted record profit previous year. Mr. Diess has been running the Volkswagen brand since 2015. Volkswagen may replace its chief executive as part of a management restructure, the vehicle maker has said. Read More
On a month-on-month basis, the PPI fell 0.2 per cent versus 0.1 per cent decline in February, as the months-long smog war that led to supply constraints and an uptick in factory prices tapered off. The core consumer price index , which strips out volatile food and energy prices, rose 2.0 per cent in March, slowing from 2.5 per cent in February. Read More
But, crucially, the higher long-term interest rates don't seem to be driven by expectations that inflation will soar higher. Mr. Trump, asked by reporters in Pennsylvania if he's anxious about the ... Read More
The UBC bulletin said although gas use should still be restricted, "UBC buildings that use natural gas for heating, hot water and cooking are no longer expected to be impacted". A statement from Enbri... Read More
If the budget failed to pass in the Commons, it would be a humiliating defeat for the Mrs May leaving her position all but untenable. Commenting on the Irish backstop, Barnier said the EU's plan to ... Read More
Petrol in Panchkula is priced at Rs 79.99 per litre and diesel at Rs 71.67 per litre. Out of this, the oil marketing companies will absorb one rupee per litre and Excise duty on petrol, diesel to b... Read More
The new minimum wage will take effect November 1 and apply to all full-time, part-time, seasonal and temporary employees, including those hired by agencies. The e-commerce giant has long described ... Read More
Among other things, the negotiators are battling over Canada's high dairy tariffs . "Most of the big issues are solved with Canada", Navarro said, adding it would be "a great deal for all three cou... Read More
China accused the United States of engaging in "trade bullyism" and intimidating other countries to submit to its will through measures such as tariffs, the official Xinhua news agency said Monday, ... Read More
Trump doubled down on that threat Tuesday, vowing punitive measures against China if it targets politically potent US agricultural products for retaliation. After the USA said earlier this week that... Read More
While the numbers cited by Trump are true, the truth in how long it has been since that last occurred sees Trump well short, with the GDP growth rate outstripping the unemployment rate most recently i... Read More
The House version of the bill did not include such an increase, and sought reductions to spending on federal pension plans. This comes as no surprise as Trump recently signed a $716 billion defense bi... Read More
