Markets


The new Mother's Day must-have gift: an experience
- May 15, 2017

That's a shame, because despite the economic engine driven by Mother's Day - Hallmark Cards lists Mother's Day as its No. 3 holiday for greeting cards - these fiscal expressions of appreciation are, more often than not, accompanied by personal visits, excursions and meals with everyone's guest of honor, fulfilling Anna Jarvis's original intent. (more...)
G-7 countries call for renewed common effort against cybercrime
- May 15, 2017

The G7 group of Finance Ministers - from the rich countries of the United States, Canada, the United Kingdom, France, Germany, Japan, and Italy - have concluded a meeting together in the town of Bari , Italy, in Southern Italy on the Adriatic coast. (more...)
China pledges extra $124bn for ambitious Silk Road project
- May 15, 2017

China's One Belt, One Road initiative aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. But they also have expressed concern Beijing might undermine human rights and global standards for lending or leave poor countries with too much debt. (more...)
Oil prices rise in Asia in expectation of Aramco supply cut Oil prices rise in Asia in expectation of Aramco supply cut
- May 15, 2017

WTI (West Texas Intermediate) crude oil (UCO) (PXI) (VDE) futures contracts for June delivery rose 0.5% and closed at $46.43 per barrel on May 8, 2017. The decline in us crude oil inventories is likely due to the increase in gross inputs to refineries in April. The question of inventories emerges as the key factor for the success of the deal between OPEC and its allies. (more...)
Nebraska Cattlemen Welcome Historic Reopening of China to US Beef Nebraska Cattlemen Welcome Historic Reopening of China to US Beef
- May 15, 2017

The deal will also allow China easier access to the USA banking system and let American energy companies export LNG to China , most of which it now buys from Russian Federation. Credit rating services: China will allow foreign-owned financial service firms to provide credit rating services. "The Chinese and United States teams carried out almost 30 rounds of consultation to achieve the agreement". (more...)
Sinclair Broadcasting Will Buy Tribune Media For $3.9 Billion Plus Debt
- May 15, 2017

Tribune owns or operates 42 local television stations, national cable network WGN America and a variety of digital products. "This deal would have been DOA in any other admin, but the Trump FCC isn't just approving it; they're practically arranging it". (more...)
Australia's Fairfax Media gets revised $2 billion offer from TPG-led group Australia's Fairfax Media gets revised $2 billion offer from TPG-led group
- May 15, 2017

Long-suffering shareholders had pinned their hopes on Fairfax's plan to spin off Domain as it continues to cut costs at its newspapers. "The Fairfax board of directors is reviewing the revised indicative proposal, the company told the ASX on Monday morning". (more...)
Russia, Saudi Arabia agree to extend oil output cuts until March 2018 Russia, Saudi Arabia agree to extend oil output cuts until March 2018
- May 15, 2017

Novak said more countries will participate in the meeting in Vienna on May 25 than in the current agreement to discuss the terms for extending the agreement. If producers maintain their cuts at the current pace, it could push the market into a small deficit by the fourth quarter, said Edward Bell, director for commodity research at Emirates NBD in Dubai. (more...)
Oil Gets a Boost From Shrinking US Crude Glut Oil Gets a Boost From Shrinking US Crude Glut
- May 15, 2017

The bank also said that a fall by 5.3 million barrels in USA crude inventories C-STK-T-EIA this week to 522.5 million barrels was "providing some fundamental support for prices". The larger-than-expected drop came alongside weaker imports, which averaged over 7.6m barrels per day last week, down by 644,000 barrels per day from the previous week. (more...)
Nigeria, others benefit as oil prices surge 3 per cent
- May 15, 2017

USA light crude oil was up 75 cents at $48.08. The Organisation of the Petroleum Exporting Countries and other producers including Russian Federation have agreed to cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year to try to reduce a global fuel glut. (more...)
Oil price tumbles on fears of oversupply
- May 15, 2017

Other analysts agreed the steep price falls would likely force Opec members to extend production cuts later this month, but they said the prospect of deeper cuts appeared slim. Oil prices lost ground early Thursday as strong US labor figures weren't enough offset production gains and slower declines in USA crude oil inventories. (more...)
Snap shares tank 23 percent after reporting $2.2 billion net losses Snap shares tank 23 percent after reporting $2.2 billion net losses
- May 15, 2017

On Tuesday, May 11, the company posted a $2.2 billion loss in the first quarter, much of which was tied to compensation following the company's IPO in March. Snap IPOed in March, which raised $3.4 billion and propelled the company to a $24 billion valuation. Call it "snap judgement" or an overreaction by investors, but with a top- and bottom-line miss combined with declining user growth metrics, the upstart rival to Facebook (FB) did nothing to help itself. (more...)
Bank of England holds, sterling turns lower
- May 15, 2017

Officials cut their forecast for growth this year to 1.9 percent from 2 percent, though they raised it for the following two years and said expansion will remain around trend over the period. He said the Bank was working on expectations of a smooth transitition period but that he expected a drag on productivity in future as the United Kingdom adjusted to new arrangements. (more...)
SpaceX Lands Its Falcon 9 Rocket After Launching Military Satellite SpaceX Lands Its Falcon 9 Rocket After Launching Military Satellite
- May 15, 2017

Elon Musk's commercial rocket company was supposed to launch the spy satellite on Sunday, but a sensor problem postponed the launch. SpaceX sent a classified USA spy agency mission on its way to orbit Monday morning, then brought the rocket's first stage home for a landing , possibly to fly again. (more...)
United Nations welcomes release of Nigerian girls by Boko Haram
- May 15, 2017

She added that photos of the 82 girls have been sent to families in Chibok for identification even as she added that families were now meeting to identify their daughters. Thousands of people have been killed and about 1.6 million driven from their homes during the eight-year insurgency by Boko Haram . This makes the grand total of Chibok girls released so far to 103. (more...)
Trade Desk Inc (TTD) Given Consensus Rating of "Buy" by Analysts
- May 15, 2017

The shares were sold at an average price of $36.69, for a total value of $19,530,087.00. The stock was sold at an average price of $37.48, for a total value of $6,049,272.00. Vetr upgraded Trade Desk from a "sell" rating to a "buy" rating and set a $40.00 target price for the company in a report on Thursday, March 30th. Jefferies Group LLC reaffirmed their buy rating on shares of Trade Desk Inc (NASDAQ:TTD) in a report issued on Sunday. (more...)
Oil prices have plunged 15% in 3 weeks Oil prices have plunged 15% in 3 weeks
- May 15, 2017

Brent crude, the worldwide benchmark for oil, was trading at $48.54 per barrel on Friday, from over $50 only 24 hours ago. In agreement made past year, OPEC, Russia and other producers announced goals to curb production by 1.8 million barrels per day (bpd) for six months from January 1. (more...)
Forex New - Dollar rises after hawkish FOMC; rates unchanged as expected Forex New - Dollar rises after hawkish FOMC; rates unchanged as expected
- May 15, 2017

Markets are now giving a fairly high probability for a rate increase next month, although this could change if incoming USA economic data softens. Inflation figures released Monday showed the Fed's preferred measure of inflation - known as PCE - actually retreated and remains below two per cent, while a key component of the index declined for the first time in 16 years. (more...)
Trump assures Abbas Israeli-Palestinian peace
- May 15, 2017

He says "we want to create peace" and he believes "we will get it done". Abbas is also at risk of being sidelined by Trump's efforts to revive Israeli-Palestinian peace talks. With the worldwide focus on Syria's bloody civil war and the threat posed by Islamic State, Palestinian officials have been keen to raise their cause up the White House agenda. (more...)
BHP to drop 'Billiton' in major rebranding to shore up local support BHP to drop 'Billiton' in major rebranding to shore up local support
- May 15, 2017

The rebranding strategy in BHP's "Think Big" campaign features a bold uppercase logo replacing the lowercase BHP Billiton insignia introduced with the Billiton merger in 2001. The initial campaign includes two 30-second TV commercials, which will be accompanied by print and online advertisements and leveraged through social media. (more...)

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