Markets


WTI oil futures struggle despite surprise draw in crude inventories WTI oil futures struggle despite surprise draw in crude inventories
- April 22, 2017

Moreover, higher prices could put the market at risk of another glut, because higher prices could incentivize USA shale producers to drill for more oil. U.S. West Texas Intermediate ( WTI ) fell by 9 cents to $52.99 a barrel, after touching a five-week high of $53.23 a barrel. Several OPEC countries, including Kuwait, have expressed public support for an extension, Bloomberg said. (more...)
France's 11 presidential hopefuls stake out positions on TV
- April 22, 2017

Fillon, who has slowly clawed back some ground lost after being hit by a fake jobs scandal, saw his score in the first round rise half a percentage point to 20 per cent. In the event of better results than expected from either Le Pen or Melenchon, EUR/JPY could be doubly pressured by both a drop in the threatened euro as well as a boost for the safe-haven yen as a result of heightened market risk perceptions. (more...)
Fox ends ties with top-rated host Bill O'Reilly
- April 22, 2017

In a statement released Wednesday, O'Reilly said he was "extremely proud to launch and lead one of the most successful news programs in history". "In my more than 20 years at Fox News Channel, no one has ever filed a complaint about me with the Human Resources Department, even on the anonymous hotline", he added. (more...)
Alaska Says BP Oil And Gas Leak Stopped
- April 22, 2017

The total amount of oil spilled and whether the crude affected the snow-covered tundra nearby isn't yet clear, though authorities have expressed confidence the crude contamination is contained with a gravel area directly surrounding the well site. (more...)
Taxpayer to lose out in Lloyds sale
- April 22, 2017

Lloyds Banking Group PLC presently has a consensus rating of Hold and a consensus price target of GBX 70.09 ($0.88). Lloyds Banking Group PLC (LON:LLOY) has risen 12.19% since September 21, 2016 and is uptrending. Lloyds Banking Group Plc was upgraded to "overweight" by analysts at JP Morgan. The ex-dividend date of this dividend is Thursday, April 20th. 09/12/2016 - Lloyds Banking Group Plc had its "buy" rating reiterated by analysts at Investec. (more...)
Canada brings in foreign housing tax to cool market
- April 22, 2017

These range from a foreign buyers' tax , to broadening rent control, to setting deadlines for how quickly elevator repairs must be done. A 15 per cent tax on home purchases by non-resident foreigners. Neither of Ontario's opposition parties objected to any of the government's proposed measures. Expand rent control to all private rental units in Ontario, including those built after 1991, with rent increases capped at 2.5 percent. (more...)
Oil Prices Little Changed Ahead of Inventory Projections
- April 22, 2017

The government's Energy Information Administration (EIA) said on Tuesday that United States 2018 crude output would rise to 9.9-million barrels per day, from 9.22-million barrels per day in 2017. The data however did show an unexpected drop in overall US crude inventories, which fell in the week by 2.2 million barrels as imports declined by 717,000 barrels a day. (more...)
WTI futures sent reeling by smaller than expected decline in oil stocks
- April 22, 2017

Crude inventories fell 1.03 million bbl to 532.3 million last week, the agency reported Wednesday. A deal by the Organization of the Petroleum Exporting Countries ( OPEC ) and non-OPEC members to reduce oil production "surprisingly" appears to be holding, Justin Urquhart Stewart , director at Seven Investment Management in London, told New Europe on April 18. (more...)
Death toll from massive US bomb rises to 94
- April 22, 2017

A Fox News host on Friday morning said Friday that dropping a massive bomb on ISIS fighters in Afghanistan is "what freedom looks like". CNN can not independently confirm the number of casualties. "The US must begin to be honest with us, the US stops using Afghanistan as a testing ground, the US [must] engage with the Afghan people towards a peaceful solution where we can live in our own country peacefully". (more...)
International Monetary Fund praises Greek primary surplus, needs debt deal to join bailout International Monetary Fund praises Greek primary surplus, needs debt deal to join bailout
- April 22, 2017

Greece's primary budget surplus past year reached 4.19 percent of gross domestic programme, under the methodology used by its global lenders in its bailout programme, the country's government spokesman said on Friday. The IMF, which has reservations on whether Greece can meet high primary surplus targets, has yet to decide if it will fund Greece's current bailout, which expires in 2018. (more...)
US Treasury rejects Exxon Mobil request to drill in Russia
- April 22, 2017

But Treasury Secretary Steve Mnuchin quashed those fears with a brief statement , saying that after consultation with Trump, the Treasury won't be waiving those sanctions. "Crimea-related sanctions must remain in place until Russian Federation returns control of the peninsula to Ukraine". In March of 2016, Tillerson said that Exxon was "very anxious to get back to work there". (more...)
How this election could change British politics for a generation
- April 22, 2017

After debating the motion put forward by May in Parliament, 522 of the 650 sitting MPs threw their support behind the early election, well and truly passing the threshold of two-thirds needed to approve the plan. Respondents were also asked about the leadership qualities of the Prime Minister and her Labour rival Jeremy Corbyn, with May preferred as " best prime minister " by 54 per cent to 15 per cent. (more...)
United Airlines boss: no one will be fired for plane 'dragging' incident
- April 22, 2017

Company executives have, however, said it is too soon to know if the incident is hurting ticket sales. The maximum payout for passengers on the Delta Air Lines has increased to almost $10,000 if they voluntarily give up a seat on an overbooked flight, the company told AFP on Monday. (more...)
Saudi Arabia may support Opec plan to extend output cuts
- April 22, 2017

U.S. West Texas Intermediate ( WTI ) CLc1 gave up 15 cents, or 0.3 percent, to $52.93 a barrel, after having touched a five-week high of $53.23 a barrel. OPEC expects the output cuts to reduce excess supply weighing on the market. The EIA said that would contribute to a rise in global output to more than 100 million barrels a day by the second quarter of 2018, up 3.4 percent from current levels. (more...)
Jewish Le Pen Voter Blames Government For Paris Attack
- April 22, 2017

Le Pen is tipped to be one of the top two, in terms of votes, who will qualify on Sunday for a decisive May 7 run-off. Her policies have been compared to those of Trump, who similarly ran on a platform of economic nationalism and a promise to restore law and order. (more...)
Dominion Bank (NYSE:TD) & New Residential Investment Corp (NYSE:NRZ) Stocks Buzz Dominion Bank (NYSE:TD) & New Residential Investment Corp (NYSE:NRZ) Stocks Buzz
- April 22, 2017

Not so with New Residential Investment Corp . The return on equity ratio or ROE stands at 16.8 percent while most common profitability ratio return on investment (ROI) was 3.5 percent. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of New Residential Investment Corp in a report on Monday, February 6th. (more...)
Deep rifts remain in Japan-US trade postures despite new dialogue chapter Deep rifts remain in Japan-US trade postures despite new dialogue chapter
- April 22, 2017

The dialogue was agreed to in principle between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump when the two leaders met in February and spent some highly-publicized "quality time" on the links together at one of Trumps palatial abodes. (more...)
Jefferies & Co reiterated John Wood Group PLC (ADR) (LON:WG) as 'Underperform'
- April 22, 2017

Stock research analysts at Credit Suisse have GBX 1175.00 PT on RPC Group PLC (LON:RPC). Liberum Capital's target would suggest a potential upside of 2.15% from the company's stock close price. It has a 112.52 P/E ratio. Analysts await Archer Daniels Midland Company (NYSE:ADM) to report earnings on May, 2. They expect $-0.05 EPS, 0.00% or $0.00 from last year's $-0.05 per share. (more...)
Ichiro homered in possibly his final at-bat in Seattle
- April 22, 2017

Yankees 9, White Sox 1: Aaron Judge hit a 448-foot homer, Masahiro Tanaka (2-1) pitched seven innings of one-run ball and NY completed its first stretch at Yankee Stadium this season 8-1, its most wins in a homestand since going 9-1 from July 17-26, 2009. (more...)
Nintendo Switch Sales Surpass 906000 Units in March
- April 22, 2017

It will reportedly center on new details regarding the company's latest gaming console system, the Nintendo Switch , as well as other news regarding the Nintendo 3DS. simply tapping these to your Switch will make them appear in-game. Like the aforementioned Payday 2, which will be getting a Nintendo Switch release this year. (more...)