Finance

Finance Oil trades near two-week high after U.S. inventories plunge
Author: 0 Oil trades near two-week high after U.S. inventories plunge

The West Texas Intermediate (WTI) for October delivery rose 2.02 USA dollars to settle at 67.86 dollars a barrel on the New York Mercantile Exchange. It lost more than 1.5 per cent in the previous five sessions. "This is largely due to a tightening fundamental outlook on the back of looming Iranian supply shortages", said Stephen Brennock , analyst at London brokerage PVM Oil Associates .

Finance USA stock market sets record-long bull run
Author: 0 USA stock market sets record-long bull run

The S&P 500 is on track to record its longest bull market Wednesday, beating the bull market of the 1990s. The S&P 500 is up 11.69 points, or 0.4 percent. The energy sector, rose 0.98 percent, the most among the 11 major S&P sectors. The criticism comes ahead of the release of the Fed's minutes of its August policy meeting on Wednesday, which is expected to reaffirm its confidence in the U.S.

Finance French oil major Total backs out of Iran as United States sanctions bite
Author: 0 French oil major Total backs out of Iran as United States sanctions bite

However, when the United States announced that it would restore sanctions against Iran, the French major said it would withdraw from Phase 11 to avoid American punitive measures. Last week in Washington, Secretary of State Mike Pompeo announced that the Trump administration had established an interagency task force to further crack down on Iran.

Finance Solicitor-General's advice on Dutton's eligibility to come before Friday Liberal vote
Author: 0 Solicitor-General's advice on Dutton's eligibility to come before Friday Liberal vote

Besieged Australian Prime Minister Malcolm Turnbull has threatened to quit politics if he loses the Liberal party leadership and called for a party meeting tomorrow over the issue. "A minority has by a process of intimidation ... persuaded people that the only way to stop the insurgency is to give in to it. ..." Mr Turnbull will retire from parliament if the spill motion goes ahead.

Finance U.S. bull market becomes longest in history
Author: 0 U.S. bull market becomes longest in history

The bull market is now 3,453 days old, making it the longest such streak as investors were pinning their hopes China and the United States would resolve their trade dispute . Medtronic Plc, PulteGroup inc and Discovery Inc all shot up almost 5% lifting the S&P 500 . The minutes of their discussions revealed deepening concerns that escalating trade wars could hurt the economy.

Finance NY subpoenas ex-Trump attorney Cohen in Trump Foundation probe
Author: 0 NY subpoenas ex-Trump attorney Cohen in Trump Foundation probe

President Donald Trump is defending the hush money payments made by his former attorney Michael Cohen to a pair of women, insisting, contrary to Cohen's guilty plea , that the effort wasn't "even a campaign violation". A Ryan spokesman issued a statement saying "We are aware of Mr. Cohen's guilty plea to these serious charges". The pair's convictions take the count of Trump campaign figures who have pleaded or been found guilty of a crime to five.

Finance United States threatens more Turkey sanctions if pastor not freed
Author: 0 United States threatens more Turkey sanctions if pastor not freed

And Turkey on Friday threatened to respond in kind if Washington imposed further sanctions, while a court rejected another appeal to free pastor Andrew Brunson, who has been held for nearly two years on terror charges. The March 2036 Eurobond rose 1.52 cents, according to Tradeweb while the March 2038 issue gained 1.49 cents. Christian evangelicals constitute an important part of Trump's political base.

Finance Michael Cohen Charged with Eight Counts
Author: 0 Michael Cohen Charged with Eight Counts

Manafort faces up to 305 years in prison if convicted on all charges. After deliberating for four days, the jury of six men and six women told the judge it had failed to reach a decision on 10 of the 18 criminal counts Manafort faces in the first trial stemming from Special Counsel Robert Mueller's investigation of Russia's role in the 2016 United States election.

Finance PepsiCo to buy SodaStream for US$3.2b to cut bottle use
Author: 0 PepsiCo to buy SodaStream for US$3.2b to cut bottle use

USA soft drink manufacturer PepsiCo has announced a deal to purchase the Israeli manufacturing company SodaStream for $3.2 billion (€2.8 billion). That's 11% higher than Friday's closing price and would be PepsiCo's largest acquisition in eight years.

Finance Drive-by shooting at U.S. embassy in Turkish capital, no casualties
Author: 0 Drive-by shooting at U.S. embassy in Turkish capital, no casualties

Turkey has promised to respond to the sanctions and resisted releasing Brunson, who is accused of being involved in the 2015 coup attempt, unless the U.S. Gulen denies those allegations, and Washington has urged Turkey to present convincing evidence for any extradition proceeding to go forward. Turkish President Recep Tayyip Erdoğan also came out fighting Monday, saying an attack of Turkey's economy was no different from a strike against its flag or the Muslim call to prayer.

Finance Elon Musk’s NYT interview has given us lots of good weed jokes
Author: 0 Elon Musk’s NYT interview has given us lots of good weed jokes

He told the Times yesterday that he expects "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla's destruction". On the tweet where Musk said he was considering taking Tesla private , which is now being investigated by the SEC , he said it was an attempt at transparency.

Finance Toll rises to 42 in Italy bridge collapse
Author: 0 Toll rises to 42 in Italy bridge collapse

The death toll in the Italy bridge collapse has risen to 42. Public outrage over the tragedy was mounting as Italian politicians spoke of repercussions for the private companies involved in maintaining the country's creaking infrastructure.

Finance Trump Seeks SEC Study of 6-Month Reporting Instead of Quarterly
Author: 0 Trump Seeks SEC Study of 6-Month Reporting Instead of Quarterly

According to Mr Trump , top business leaders from around the world claimed that removing the administrative burden of such regular reporting would boost the USA economy and create jobs . Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. "And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are".

Finance Google Workers Protest China Plan Secrecy
Author: 0 Google Workers Protest China Plan Secrecy

A Google representative was not immediately available for comment. But plans to engineer a censored version of its services for China have got Google staff up in arms, with employees questioning the morality of the endeavour. Kate Conger, a New York Times reporter, posted to Twitter what she said were comments made during the meeting by Google CEO Sundar Pichai and Sergey Brin , one of the company's cofounders.

Finance The Turkish lira tumbles to 5.86 over threat of more United States sanctions
Author: 0 The Turkish lira tumbles to 5.86 over threat of more United States sanctions

Turkey's currency, the lira, has plummeted after the two nations imposed tariffs on one another's goods. The Turkish Lira has lost almost 40 percent of its value against the USA dollar since the start of the year. Qatar has pledged to inject $15 billion into Turkey's economy to rescue the country amid USA sanctions and financial meltdown. The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investors in the country, including Qatar, could ...

Finance Turkish court rejects USA pastor Brunson's appeal for release: Haberturk
Author: 0 Turkish court rejects USA pastor Brunson's appeal for release: Haberturk

The lira hit a record low of 7.24 against the USA dollar over concerns about President Tayyip Erdogan's grip on monetary policy and an ongoing row with the United States. The Committee of Concerned Scientists has compared the Brunson case to that of Serkan Golge, a NASA scientist who was arrested at the time of the coup attempt and was sentenced to more than seven years in prison for alleged links to Gulen's group.