Oil hovers near 5-month highs as global markets tighten

But the group said that the market remained oversupplied and warned of slowing demand growth, according to S&P Global Platts. As for Iran , the analyst said Washington's aim of bringing down the country's oil exports to zero was "unrealistic" and ... More..

by | Published more than a month ago
Crown Resorts in ASX trading halt
by | Wednesday, April 10, 2019

Crown Resorts in ASX trading halt

Crown shares soared Tuesday in Sydney trading after the company confirmed confidential discussions, climbing 19.7 percent to close at A$14.05. "Following the premature disclosure of preliminary discussions, W...More..

American Airlines cancellations reach into June because of 737 Max grounding
by | Wednesday, April 10, 2019

American Airlines cancellations reach into June because of 737 Max grounding

Never the less, the US-based low-priced carrier maker with a market capitalization of 101.1 billion did not reveal an end-date. Bickers said when the software update is complete, the company will work with re...More..

International Monetary Fund warns of global economic downturn
by | Wednesday, April 10, 2019

International Monetary Fund warns of global economic downturn

The Dow Jones Industrial Average index fell 0.7 per cent and the S&P 500 and the Nasdaq Composite both closed about 0.6 per cent lower as the growth forecasts and renewed trade worries sparked by new USA tariff...More..

Best and worst days of the week to buy gas, avoid lines
by | Wednesday, April 10, 2019

Best and worst days of the week to buy gas, avoid lines

Gas prices are likely to climb as summer approaches. L.A. County, meanwhile, has seen an even sharper spike, with the cost increasing by about 55 cents since March 8. "We generally see more volatility and hig...More..

Brexit secretary doesn't see need for long extension
by | Wednesday, April 10, 2019

Brexit secretary doesn't see need for long extension

Britain's Brexit Secretary Stephen Barclay told the BBC he doesn't want a delay of up to a year. Meanwhile, Downing Street said in a statement that May had sought to reassure French President Emmanuel Macron ...More..

Debenhams: High street giant COLLAPSES as administrators seize control
by | Wednesday, April 10, 2019

Debenhams: High street giant COLLAPSES as administrators seize control

Its lenders are made up of High Street banks and U.S. hedge funds, including Barclays and Bank of Ireland, as well as Silver Point and GoldenTree. Debenhams' operating companies have been sold to the group's ...More..

Fiat Chrysler to pay Tesla to pool Carbon dioxide emissions, paper says
by | Tuesday, April 09, 2019

Fiat Chrysler to pay Tesla to pool Carbon dioxide emissions, paper says

Fiat has dragged its feet on meeting the emission targets so could potentially team up with Tesla to pool its cars. Anyhow, the terms of the deal between Tesla and FCA have not been disclosed however nearly ...More..

UK Issues Passports Without ‘European Union’ On Cover
by | Monday, April 08, 2019

UK Issues Passports Without ‘European Union’ On Cover

Susan Hindle Barone tweeted an image of her new passport, issued on Friday , alongside her expired one. But it says some newly issued travel documents will still bear the European Union name which has tradit...More..

Bezos' ex-wife to surrender 75% of couple's Amazon shares
by | Monday, April 08, 2019

Bezos' ex-wife to surrender 75% of couple's Amazon shares

Jeff, 55, keeps all the shares in the Washington Post , which he bought in 2013, and his space company Blue Origin. MacKenzie also expressed excitement to have finished the process of dissolving her marria...More..

America Created 196,000 Jobs in March, Beating Expectations for 170,000
by | Sunday, April 07, 2019

America Created 196,000 Jobs in March, Beating Expectations for 170,000

The consensus estimate called for 180,000 new jobs in February on the heels of 311,000 job gains in January . The March numbers suggest that the February slip may have been an isolated event rather than the ...More..

Ford reveals next-generation Kuga
by | Sunday, April 07, 2019

Ford reveals next-generation Kuga

The final hybrid model - a so-called mild hybrid, which also doesn't need to be plugged in - uses 48V electric technology to lightly boost the efficiency of the car's 2.0-litre diesel engine to deliver 56.5mp...More..

EU Official Says No-Deal Brexit Becoming More Likely
by | Sunday, April 07, 2019

EU Official Says No-Deal Brexit Becoming More Likely

British Prime Minister Theresa May will meet opposition Labour Party leader Jeremy Corbyn at 1330 GMT on Wednesday, her spokesman said , adding that further talks could probably be arranged if necessary....More..

Hammond 'optimistic' on reaching Brexit agreement with Labour
by | Sunday, April 07, 2019

Hammond 'optimistic' on reaching Brexit agreement with Labour

He also didn't exclude the prospect of another round of indicative votes at the House of Commons next week, though he signaled this will depend on the outcome of the discussions between the UK's two biggest par...More..

Constellation climbs after reporting profit beat and wine sale
by | Sunday, April 07, 2019

Constellation climbs after reporting profit beat and wine sale

Beer continues to lead the way for Constellation, with sales up 11.6% to $5.2 billion and operating income increasing 11% to $2 billion. The company's top line growth was driven by a 9.3% rise in its Beer segme...More..

WaPo columnist rains hell on Trump’s latest ‘quack-tastic’ Federal Reserve nominee
by | Sunday, April 07, 2019

WaPo columnist rains hell on Trump’s latest ‘quack-tastic’ Federal Reserve nominee

Since taking office, Trump has reshaped the seven-member board, nominating four members to its ranks, including Fed chairman Jerome Powell. Cain, who served as chairman of the Federal Reserve Bank of Kansas ...More..

Amazon Planning 3,236-Satellite Constellation for Internet Connectivity
by | Saturday, April 06, 2019

Amazon Planning 3,236-Satellite Constellation for Internet Connectivity

In November, Amazon announced that it would build 12 ground stations to transmit data to and from satellites, indicating grander space ambitions. Amazon says it wants to focus primarily on markets where ...More..

Some 450 Miles of New US Border Wall Expected Completed By 2021
by | Saturday, April 06, 2019

Some 450 Miles of New US Border Wall Expected Completed By 2021

Harvard professor Ieva Jusionyte wrote in his book Threshold about his experiences working as an emergency medical technician (EMT) on both sides of the USA border with Mexico . On Thursday, a Mexican fede...More..

RBI rate cut: A stimulus for the economy
by | Saturday, April 06, 2019

RBI rate cut: A stimulus for the economy

The RBI's six-member monetary policy committee ( MPC ) began its three-day review on Tuesday, and most analysts expected it to take a cautious approach given uncertainty over who will lead the government af...More..

RBI to issue revised circular on stressed assets resolution
by | Saturday, April 06, 2019

RBI to issue revised circular on stressed assets resolution

How did the matter reach the Supreme Court , and what did the court rule? The RBI's circular led 34 power producers to drag the regulator first to the Allahabad High Court, which asked RBI to offer some re...More..

Ex-Nissan boss Carlos Ghosn arrested again on fresh charges
by | Saturday, April 06, 2019

Ex-Nissan boss Carlos Ghosn arrested again on fresh charges

Prosecutors now claim Ghosn misappropriated Nissan funds for personal use, costing the company $5 million, Japanese media reported. "My arrest this morning is outrageous and arbitrary ", Ghosn said in a...More..

Saudi Aramco Gets First Credit Ratings Ahead of Bond Debut
by | Friday, April 05, 2019

Saudi Aramco Gets First Credit Ratings Ahead of Bond Debut

By comparison, Apple booked a gain of roughly $60 billion in its last full year, Royal Dutch Shell had Exxon Mobil $21 billion and net earnings of $23 billion. Downstream refers to the refining and petchems ...More..

Bitcoin Back to Life? Digital Currency's Price Briefly Hits $5,000 Mark
by | Friday, April 05, 2019

Bitcoin Back to Life? Digital Currency's Price Briefly Hits $5,000 Mark

But wide interest waned as prices collapsed, and now trading is mostly powered by smaller hedge funds, tech firms and wealthy individuals. "There has been a single order that has been algorithmically managed ...More..

Jeff Bezos settles his divorce with wife MacKenzie
by | Thursday, April 04, 2019

Jeff Bezos settles his divorce with wife MacKenzie

In a tweet , MacKenzie said that she was giving up all of her interests in The Washington Post , the newspaper that Jeff Bezos bought in 2013 , and Blue Origin, the space exploration company he founded. Shaw...More..

Here’s Everywhere You Can Score Deals for National Burrito Day 2019
by | Thursday, April 04, 2019

Here’s Everywhere You Can Score Deals for National Burrito Day 2019

You can score free burritos, free guacamole, free burrito delivery, and more. In honor of the food holiday on April 4, restaurants have some awesome food deals where you can get free burritos or a discount on y...More..

by | Thursday, April 04, 2019

RBI cuts repo rate by 25 bps

In its last policy meet (February) and the first under Governor Shaktikanta Das , the central bank had lowered the repo rate by 25 basis points (bps) or 0.25 per cent to 6.25 per cent and changed the policy...More..

Michigan-based Kellogg Sells Keebler and Famous Amos to Italian Company
by | Wednesday, April 03, 2019

Michigan-based Kellogg Sells Keebler and Famous Amos to Italian Company

Wells Fargo analyst John Baumgartner said that the sale could provide a "halo effect" for Kellogg's , which is holding on to Keebler's cracker business, if Ferrero invests in marketing Keebler. It previous...More..

Mexico Avocado Prices Surge Most in 10 Years Amid Trump Border Threat
by | Wednesday, April 03, 2019

Mexico Avocado Prices Surge Most in 10 Years Amid Trump Border Threat

After complaining last week that Mexico was doing nothing to constrain migrants, Trump seemed pleased Tuesday about recent efforts by Mexican authorities to make changes to visas and send forces to seal off...More..

Brent approaches $70 as oil prices rise for fourth day
by | Wednesday, April 03, 2019

Brent approaches $70 as oil prices rise for fourth day

Futures rose as much as 0.8 per cent to the highest level since November. "That, I think, is where we're headed", the official said. U.S. West Texas Intermediate (WTI) futures were up 68 cents, or 1.13 per ...More..

Stronger After Better China PMI Data Boosts Treasury Yields, Appetite for Risk
by | Wednesday, April 03, 2019

Stronger After Better China PMI Data Boosts Treasury Yields, Appetite for Risk

Nearly all U.S. airline stocks rose on Monday. Major U.S. indexes were higher as the S&P 500 expanded on its best first quarter since 1998. China's official Purchasing Managers' Index , a measure of fact...More..