Finance

Finance Oil down 1pc on continued concerns over U.S. output
Author: 0 Oil down 1pc on continued concerns over U.S. output

ING's outlook is in contrast to bullish views from Royal Bank of Canada and Goldman Sachs Group Inc.to BMI Research and Societe Generale SA, which see prices supported as strong demand soaks up supply from the U.S. In oil markets, US energy companies last week cut oil rigs for the first time in nearly two months, with drillers cutting back four rigs, to 796, Baker Hughes (GE.N) energy services firm said.

Finance UK's sluggish economy to grow a bit more quickly: Hammond
Author: 0 UK's sluggish economy to grow a bit more quickly: Hammond

John McDonnell, the shadow chancellor, gave a robust response to the speech, criticising the "indefensible spectacle" of a chancellor "failing to lift a finger" to help struggling local authorities and the NHS. The chancellor also announced a series of consultations, including a call for evidence on cracking down on plastic waste; and research by the Office for National Statistics into how to better measure human capital.

Finance The Joules Group (JOUL) Stock Rating Reaffirmed by Peel Hunt
Author: 0 The Joules Group (JOUL) Stock Rating Reaffirmed by Peel Hunt

It offers various deposit services and products, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit. The rating was maintained by Liberum Capital on Thursday, January 28 with "Buy". Peel Hunt maintained the shares of GRG in report on Tuesday, January 17 with "Buy" rating.

Finance OECD Sees Better Outlook, if Trade Escalation Avoided
Author: 0 OECD Sees Better Outlook, if Trade Escalation Avoided

It credited tax cuts in the USA, the world's largest economy , for much of the upgrade - though the worldwide forum warned that protectionist policies were a big risk factor in the forecast. With Britain due to leave the European Union next year, its economic growth was seen easing to 1.1 percent in 2019, unchanged from the OECD's November estimate.

Finance Tata Sons To Offload TCS shares Worth $1.25 Billion
Author: 0 Tata Sons To Offload TCS shares Worth $1.25 Billion

A year ago in October, Tata Group had agreed to sell its loss-making mobile telephony business to Bharti Airtel on "a debt-free cash-free basis". The company will also use the funds to raise its stake in some of its unit in a bid to reduce cross holdings, the person said asking not to be identified as the matter is private.

Author: 0 US Oil Export Surge Threatens OPEC Strategy

Both WTI and Brent as recently as Thursday had marked their lowest settlements since mid-February. Investor concerns about rising U.S. oil output sent crude prices down on Monday, but investors stayed bullish on U.S. At stake is OPEC's production limits, which are among factors helping the oil market's monthslong recovery. "A falling rig count and the strong employment data may have helped support prices", NAN quoted William O'Loughlin, investment analyst at Rivkin Securities, to have ...

Finance Bound flight makes emergency landing in Albuquerque
Author: 0 Bound flight makes emergency landing in Albuquerque

This disputes earlier reports of the flight being diverted due to cabin smoke, possibly caused by an electrical fire. According to Southwest Airlines, five customers requested medical attention. Emergency services including the Albuquerque Fire Department , the Kirtland Air Force Fire Department and paramedics waited on the Albuquerque International Sunport runway as the plane landed.

Finance Broadcom's proposed Qualcomm bid blocked on security grounds
Author: 0 Broadcom's proposed Qualcomm bid blocked on security grounds

Hunter said it could reflect "an evolution in the thinking" of the committee, perhaps an indication that it's going to approach transactions in which foreign people or entities seek to own 5G wireless technology with the same sensitivity and rigor that the feds now "apply to military equipment traditionally".

Finance Internet creator urges for more regulation of big tech platforms
Author: 0 Internet creator urges for more regulation of big tech platforms

While this is the year we'll pass the tipping point where over half the world's population is online, a big question mark remains on how the second part joins the party - assuming it remains an aspiration worth keeping. Although the companies are aware of the problems and have made efforts to fix them - developing systems to tackle fake news, bots and influence operations - they have been built to "maximise profit more than maximise social good".

Finance Tesla raises prices at its Supercharger stations
Author: 0 Tesla raises prices at its Supercharger stations

Over the last 90 days, insiders sold 9,119 shares of company stock valued at $2,983,344. Today's pop for Tesla is the biggest in more than two months. During the same quarter in the previous year, the business posted ($0.69) EPS. sell-side analysts forecast that Tesla Inc will post -15.15 EPS for the current year.

Finance Martin Shkreli Found Guilty With 7 Years Of Prison
Author: 0 Martin Shkreli Found Guilty With 7 Years Of Prison

He said he hopes to make amends and learn from his mistakes and apologised to his investors. He corresponded with journalists , ridiculing the personal appearance of one female reporter who asked him for an interview. Assistant U.S. Attorney Jacquelyn Kasulis said Friday that the judge must also consider the history and characteristics of the defendant. Before the sentencing, Brafman told Matsumoto that Shkreli, 34, suffered from depression and an anxiety disorder and was a "somewhat ...

Finance AAA Michigan: Average gas prices rise 5 cents
Author: 0 AAA Michigan: Average gas prices rise 5 cents

The average price for a gallon of gasoline in the Meadville area is about the same as the state average. The AAA survey said the least expensive gas price averages in Tennessee are ow in Cleveland at $2.22 per gallon and in Chattanooga at $2.24 per gallon.

Finance Air Canada system outage leading to long delays at Vancouver Airport
Author: 0 Air Canada system outage leading to long delays at Vancouver Airport

Air Canada says the problem has been fixed, but passengers should continue to expect delays. One traveller told our sister station 680 NEWS flights could not depart since crews could not access the weight of the plane. "We don't have a time frame as of yet", said Badejo. "Today's computer issues have had a wide impact on our customers and we apologize for any inconvenience".

Finance Poor attendances at Arsenal home games a worry for Wenger
Author: 0 Poor attendances at Arsenal home games a worry for Wenger

Aubameyang scored the Gunners' second and laid on the third for Henrikh Mkhitryan, all after Shkodran Mustafi's header had put Arsenal ahead in the first half. "We took 18 games [of this season] to get to nine clean sheets, I got to 199 and then had to wait 11 games to get another clean sheet", said Cech. "I always believe in the work that I'm doing every, and that one day it was going to turn".

Finance Colorado's unemployment rate in January remained below the national rate
Author: 0 Colorado's unemployment rate in January remained below the national rate

The Department of Employment and Workforce said in a news release Monday that the unemployment rate last month was 4.3 percent. Hawaii had the lowest state unemployment rate in the nation in January, at just 2.1 percent. Maryland's January unemployment rate was 4.1 percent, also unchanged from December, but down from 4.3 percent a year earlier. Although the total number of nonfarm payroll jobs continues to increase, the rate of growth is slowing, increasing 2.2 percent in 2017 compared ...

Finance Retail inflation eases to 4.4% in February; IIP grows 7.5% in January
Author: 0 Retail inflation eases to 4.4% in February; IIP grows 7.5% in January

India's industrial production rose by 7.5% in January 2018 compared to that in January 2017, data released by the Ministry of Statistics and Programme Implementation showed. However, growth in the mining sector was muted in January 2018. On the other hand, the industry group "Manufacture of tobacco products" has shown the highest negative growth of (-) 46.5 percent followed by (-) 32.4 percent in "Other manufacturing" and (-) 13.2 percent in "Printing and reproduction of recorded media".

Finance Teen Waitress Gets College Scholarship After Act Of Kindness Goes Viral
Author: 0 Teen Waitress Gets College Scholarship After Act Of Kindness Goes Viral

A picture of Evoni, an employee of the Waffle House, cutting up food for a customer who was unable to do so himself, was clicked by another customer and shared on Facebook . "I was never raised to bash people. and was raised to try and help, and try and give", Williams told a local television station. The LaMarque mayor also honored her with a special proclamation for her act of kindness.

Finance Dropbox looks to raise $648 million in upcoming IPO
Author: 0 Dropbox looks to raise $648 million in upcoming IPO

The IPO will be a key test of Dropbox's worth after it was valued at nearly US$10 billion in a private fundraising round in 2014. The valuation as calculated from the filing is around $6.7 billion. But as is common, it did not offer a price range or possible valuation for the IPO, which is expected to take place next week. Dropbox claims more than 500 million users in more than 180 countries, but the less-good news is that only about 11 million are paying for the privilege.

Finance Goldman Sachs President And Co-COO Harvey Schwartz To Retire
Author: 0 Goldman Sachs President And Co-COO Harvey Schwartz To Retire

Goldman Sachs said on Monday that Harvey M. Schwartz would retire from the financial services firm, clearing the way for his fellow president and co-chief operating officer, David M. Schwartz has been co-president and chief operating officer since January 2017. By contrast, Solomon has an investment banking background. The Journal reported that Solomon gave zero bonuses to 5% of his bankers , hinting that they should look for another job, but has also led efforts to lighten the workload ...