Markets


Oil near flat in strong week for crude
- April 22, 2017

US crude oil production has responded to improved market conditions to pass 9 million barrels per day. Traders attributed the up-and-down action to the drawdown in inventories against another increase in US production, higher inventories at the Cushing, Oklahoma, oil hub, and traders exiting profitable trades after the last two weeks of price gains. (more...)
Trump signs order to tighten H-1B visa norms
- April 22, 2017

The White House said the program is now undercutting American workers by bringing in cheaper labor and said some tech companies are using it to hire large numbers of workers and drive down wages. " Buy American and hire American ", Trump said at a rally in Des Moines. In reiterating that-from a policy standpoint-the beneficiaries of USA visas are eligible to receive specific benefits under the Immigration and Nationality Act (INA), the EO specifically requests enforcement of section 212 ... (more...)
Lavalin To Buy UK-Based WS Atkins For $2.7 Billion Lavalin To Buy UK-Based WS Atkins For $2.7 Billion
- April 22, 2017

At 0800 GMT, shares in Atkins were up 95.27 pence, or 4.8%, at 2077.27 pence. The Montreal-based company, which had until May 1 to finalize its offer made on April 3, would benefit from Atkins' broader exposure to USA and United Kingdom infrastructure markets and being able to move away from oil-and-gas work, while the British firm would gain size to bid larger projects. (more...)
Apple Receives a Permit to Test Self-Driving Vehicles
- April 22, 2017

While GM is already testing autonomous vehicles through its Cruise Automation unit in California, Arizona and MI, the new initiative will ramp up those efforts. Companies that have been issued permits also include Alphabet Inc's GOOGL.O Google unit, Ford Motor Co F.N , Volkswagen AG VOWG_p.DE , Daimler AG DAIGn.DE , Tesla Motors Inc TSLA.O and General Motors Co GM.N . (more...)
Trump Orders Probe Into Whether Steel Imports Harming US Trump Orders Probe Into Whether Steel Imports Harming US
- April 22, 2017

It also will look at the "importation of goods in terms of their quantities and use", the relation of "economic welfare to national security", effects of lower foreign prices on things like USA unemployment and government revenue, and "the impact of foreign competition on specific domestic industries", Ross said. (more...)
Canada: Inflation Mellows in March Canada: Inflation Mellows in March
- April 22, 2017

But despite the solid numbers, bank governor Stephen Poloz said last week that it was still early days and the economy had yet to prove it can stay on the higher growth path. The median core measure was revised for February to 1.8% from 1.9%, and trim was revised to 1.5% from 1.6%. The Canadian dollar settled at C$1.3503 to the greenback, or 73.91 USA cents, weaker than Thursday's close of C$1.3472, or 74.31 US cents and its first close above C$1.35 since March 9. (more...)
Documentary delves into life of music pioneer Clive Davis Documentary delves into life of music pioneer Clive Davis
- April 22, 2017

The occasion was the opening of the 16th Tribeca Film Festival, which this year was celebrating the celebrated record executive Clive Davis. The Tribeca Film Festival launched in style with an all-star tribute to music industry legend Clive Davis , held at New York City's famed Radio City Music Hall . (more...)
Kansas regulators reject $12.2B Westar sale to Great Plains
- April 22, 2017

Great Plains Energy Incorporated (GXP) is expected to post revenue of $680.07 Million in the current quarter, according to consensus of 2 analysts. 10/03/2016 - Great Plains Energy Inc was upgraded to "buy" by analysts at Bank of America Merrill Lynch. (more...)
Census: Young women in US favor jobs outside the home Census: Young women in US favor jobs outside the home
- April 22, 2017

In a drastic demographic shift largely fueled by staggering rent costs, more young adults in California and nationwide are living at home with their parents than they were a decade ago. Overall, the share of 18-to-34-year olds living with their parents has climbed from 26% in 2005 to 34.1% in 2016. The report also found another interesting development among young cohorts. (more...)
British PM Theresa May calls general election
- April 22, 2017

As the last general election took place just two years ago, the vote was crucial for May. May wasted no time , going from the vote in Parliament to kick off her campaign with a speech in to supporters northwestern England. Sterling rose to a four-month high against the U.S. dollar after the market bet that May would strengthen her parliamentary majority, which Deutsche Bank said would be a "game-changer" for the pound. (more...)
Crude Oil Prices Recover From Sharp Losses, Supply Concerns Persist
- April 22, 2017

U.S. West Texas Intermediate (WTI) crude futures traded down 21 cents at $52.44 a barrel, the lowest since April 10. Gasoline inventories rose 1.54 million barrels last week, surprising analysts surveyed by Bloomberg who projected the Energy Information Administration data would show a 2-million-barrel decline. (more...)
President Trump Signs Buy American and Hire American Executive Order
- April 22, 2017

Trump said that the order "declares that the policy of our government is to aggressively promote and use American-made goods and to ensure that American labor is hired to do the job". Before becoming the agency's leader, Attorney General Jeff Sessions had been a vocal critic of tech giants like Facebook that sought to hire more foreign workers. (more...)
French presidential candidates trade barbs over Paris bloodshed French presidential candidates trade barbs over Paris bloodshed
- April 22, 2017

After a shooting attack in Paris left one police officer dead and two others seriously wounded on Thursday, the President of the United States reacted with his characteristic blend of compassion and restraint. The French presidential election campaign was stopped in its tracks on Friday after a deadly attack on a police bus on the Champs-Elysees in the heart of Paris . (more...)
Tenn. teacher accused of abducting student arrested in California Tenn. teacher accused of abducting student arrested in California
- April 22, 2017

According to Jason Whatley, an attorney for the Thomas family, the 15-year-old is in a safe location where she is comfortable and resting. She said federal agents told them it would be about a day before they could see the 15-year-old again. (more...)
South Korea on heightened alert as Russian Federation denies troop movements toward North
- April 22, 2017

But, "we will defeat any attack and meet any use of conventional or nuclear weapons with an overwhelming and effective American response". Its mission is to collect samples from the atmosphere in order to detect and identity a nuclear explosion. (more...)
'We are not a junk country with a junk president!'
- April 22, 2017

BBC reports, that police fired tear gas and rubber bullets at protesters during one of the demonstrations in Johannesburg. Despite thousands of South Africans taking to the streets in different parts of the country on Friday 7 April to protest President Jacob Zuma's recent cabinet reshuffle and the consequences it has had on the South African economy, the African National Congress Women's League called on South African women not to march. (more...)
Policeman, Shooter Killed In Paris Attack Claimed By Islamic State Policeman, Shooter Killed In Paris Attack Claimed By Islamic State
- April 22, 2017

The attacker had been flagged as an extremist, according to two police officials, speaking on condition of anonymity because they weren't authorized to publicly discuss the investigation. A pump-action shotgun and knives were found in the gunman's vehicle. Released on probation in 2015 from a further two-year jail term imposed for lesser offences, Cheurfi was arrested again in February after threatening to kill police officers - but released for lack of evidence. (more...)
Pres. Trump says he will release tax reform package next week
- April 22, 2017

The tax plan might therefore be adopted quickly and without major resistance from Congress - unless Congressional Republicans are too radical for the Trump administration to work with, coordinating the cuts in tax deductions. "President Trump is absolutely committed to make sure taxpayers are not at risk for government bailouts for entities that are too big to fail ", he said. (more...)
New details on teacher's arrest, teen student's rescue at remote cabin
- April 22, 2017

Officials said the cabin had two cots but no power. "That kind of clues people in", Barry told Good Morning America. "As daylight broke this morning, they were able to take Tad Cummins into custody and safely recover Elizabeth without incident". (more...)
OPEC Won't Commit To Extending Cuts As US Output Continues To Rise OPEC Won't Commit To Extending Cuts As US Output Continues To Rise
- April 22, 2017

Commercial crude oil inventories in the States on the other hand also fell, shrinking by 1.0m barrels to reach 532.3m barrels. The dollar index, which tracks the greenback against six major peers, was up 0.23 percent at 99.731 in late trading on Wednesday. (more...)