Markets


OPEC to extend output cuts, to set up OPEC-India Working Group
- May 26, 2017

OPEC and non-OPEC countries agreed on May 25 in Vienna to prolong the oil cut deal until April 2018. Furthermore, the reaction of USA shale producers will be a key factor in establishing price levels, said Benigni, adding "this supply response is a little bit of a risk for OPEC so if prices go really up it may not be in their interest". (more...)
Gianforte, charged with assaulting reporter, wins House seat in Montana special election
- May 26, 2017

With more than 320,000 votes counted almost three hours after polls closed, Gianforte led Quist by more than 22,000 votes, or 51 percent to 44 percent. During his acceptance speech in Bozeman, Gianforte said that his campaign won a victory "for all Montanans". The president's son Donald Trump Jr. (more...)
Oil price slips on lack of deeper Opec cuts
- May 26, 2017

OPEC agreed to cut oil production by about 1.8 million barrels per day in December for the first half of 2017. Major oil producers, namely Saudi Arabia , have been under pressure from a reduction of oil revenues since prices plummeted in 2014. (more...)
OPEC, other nations extend output cut to March
- May 26, 2017

United States oil production has already risen by more than 10% since mid-2016 to more than 9.3-million barrels a day as drillers take advantage of higher prices and the supply gap left by Opec and its allies. (Ecofin Agency) - Nigeria's oil minister, Emmanuel Kachikwu (photo), said Nigeria is not opposed to joining the cut measure of OPEC. Investors hoped that the alliance would have gone further by extending the cut for a longer period. (more...)
Eight burnt to death as passenger bus catches fire in Bihar Eight burnt to death as passenger bus catches fire in Bihar
- May 26, 2017

Police said the incident took place at around 5.45 pm when the bus, on way to Barbigha in Sheikhpura district from Patna , reached Harnaut, which falls in Nalanda, the native district of chief minister Nitish Kumar . The driver of the bus is traceless since the mishap. The exaction reason behind the incident is not known but media reports said the bus apparently caught fire owing to some inflammable material loaded in the bus, which caught fire owing to excessive heat. (more...)
Are Analysts Bearish Shawbrook Group PLC (LON:SHAW) After Last Week?
- May 26, 2017

It has a 3.75 P/E ratio. The Company's segments include PGM Operations, Evaluation, Exploration and Other. On Wednesday, November 16 the stock rating was initiated by Loop Capital with "Buy". Goldman Sachs maintained the stock with "Conviction Buy" rating in Tuesday, September 13 report. The lowest target is $85.0 while the high is $108.0. (more...)
Mark Zuckerberg finally gets his Harvard degree - 12 years after dropping out Mark Zuckerberg finally gets his Harvard degree - 12 years after dropping out
- May 26, 2017

Look, I know a lot of entrepreneurs, and I don't know a single person who gave up on starting a business because they might not make enough money. "I'm not here to give you the standard commencement about finding your objective", the speech said "We're millennials". (more...)
Nation's GDP sluggish in first quarter Nation's GDP sluggish in first quarter
- May 26, 2017

The first-quarter weakness is a blow to President Donald Trump 's ambitious goal to sharply boost economic growth rates. The big revision was driven by larger investment levels and stronger spending from consumers than had been estimated at first. (more...)
Ninth Man Arrested in Connection With Manchester Bombing
- May 26, 2017

A leading theory is that the attacker may have received specialist training overseas or that there is a technician in the United Kingdom who constructed the bomb, the Western official said. British Prime Minister Theresa May said she plans to bring up US leaks related to the investigation of the Manchester attack during a discussion with President Trump on Thursday. (more...)
Theresa May accused of U-turn over cap to social care reform
- May 26, 2017

The new policy was dubbed the " dementia tax ", as those with long-term conditions-requiring years of care and treatment-such as dementia and arthritis would be devastated financially by the measures. This manifesto says that we will come forward with a consultation paper, a government green paper and that consultation will include an absolute limit on the amount people have to pay for their care costs . (more...)
The White House's own staffers reportedly feed Trump 'fake news' The White House's own staffers reportedly feed Trump 'fake news'
- May 26, 2017

The U.S. Pacific Command said Sunday's test flight "is not consistent with an intercontinental ballistic missile". Choe did not elaborate on what the North's conditions are, but her comments raise the possibility of North Korea and the USA returning to negotiations for the first time since 2008, when six-nation talks over Pyongyang's nuclear weapons program fell apart. (more...)
Zuckerberg urges Harvard grads to build a world of 'purpose'
- May 26, 2017

After the speech , Zuckerberg wrote a note on Facebook explaining the main point of his speech was to emphasize that "the challenge for our generation is to create a world where every single person has a sense of objective". He further talked about how through his travels around the country, people have told him they're trying to fill a void in their lives as jobs and community become less important in modern society. (more...)
Wall St. higher at open; Fed minutes awaited
- May 26, 2017

The minutes also signalled the Federal Reserve remains on track to trim its almost $4.5 trillion portfolio, much of it in United States treasuries and mortgage-backed securities, starting this year. They are expected to extend last year's production cut in a concerted attempt to prevent oil prices from falling. In a move some investors cited as reassuring, the plan included a limit on how much would be allowed to fall off the balance sheet each month. (more...)
After OPEC deal, Texas oil regulator boasts of victory
- May 26, 2017

Danske Bank Strategy Research discusses its outlook for Oil and United States dollars after the Organisation of Petroleum Exporting Countries ( OPEC ) decided today to extend the deal to cut oil production agreed last November for another nine months with effect from 1 July. (more...)
Precision Drilling Corporation (PDS)'s enterprise value is $2.42 Billion
- May 26, 2017

In terms of Buy, Sell or Hold recommendations, Precision Drilling Corp (NYSE:PDS) has analysts' mean recommendation of 1.8. Citigroup Inc cut their target price on shares of Precision Drilling from C$8.25 to C$7.00 in a research report on Thursday, March 9th. (more...)
Three injured in oil tank fire near Mead Three injured in oil tank fire near Mead
- May 26, 2017

None of the workers has been identified. Two of the injured workers were taken to North Colorado Medical Center in Greeley for burn treatment and one was taken to Medical Center of the Rockies in Loveland. In mid-April, an explosion at a home in Firestone , about five miles away from Mead, was traced to a cut and uncapped natural gas line leading away from a dormant well owned by Anadarko. (more...)
Greek ex-premier Papademos wounded in Athens bomb blast
- May 26, 2017

The Greek media minister condemned the bombing, calling it a "heinous act". Mr Papademos and his driver have suffered leg injuries but their lives are not believed to be in danger, the reports add. In March, Greek anarchist group Conspiracy of Fire Nuclei mailed a letter bomb that injured a secretary at the International Monetary Fund in Paris. (more...)
New Zealand Test Rocket Makes It to Space But Not to Orbit New Zealand Test Rocket Makes It to Space But Not to Orbit
- May 26, 2017

The group's Electron rocket, a 17m long launch system developed for delivering small payloads, such as cubesats, into space, was launched on 25 May from a goal built space port on New Zealand's Mahia Peninsula. The 17-metre (55.7-foot) rocket - which uses an engine with 3D-printed and battery-powered components - is said to have reached speeds of more than 27,000 kilometers per hour during the two-and-a-half-minute flight into space. (more...)
UBM Plc (UBM) Stock Rating Reaffirmed by Shore Capital
- May 26, 2017

Hilltop Holdg invested in 0.41% or 11,078 shares. Aetna Inc now has $46.91B valuation. It closed at $104.29 lastly. Cymabay Therapeutics, Inc. (NASDAQ:CBAY) reported General and administrative expenses were $3.7 million in the first quarter of 2017, as compared to $2.5 million in the first quarter of 2016. (more...)
Oil plunges 5 percent on disappointment with OPEC cuts
- May 26, 2017

OPEC agreed with non-OPEC nations and Russian Federation in December to remove about 1.8 million barrels per day from the market in the first half of 2017, or 2 percent of global production. "We considered various scenarios, from six to nine to 12 months, and we even considered options for a higher cut". The Organization of the Petroleum Exporting Countries (Opec) is meeting in Vienna to discuss the plans for the cuts, with the length of an extension still at issue but broad agreement ... (more...)

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