Markets


Oil jumps as Gulf states cut ties with Qatar Oil jumps as Gulf states cut ties with Qatar
- June 05, 2017

Gulf nations see Qatar as too close to Iran and Islamist movements such as the Muslim Brotherhood. Qatar's foreign ministry said it regretted the measures by the Arab nations, calling the decisions "unjustified". It long has denied supporting militant groups and described the crisis as being fueled by "absolute fabrications" stemming from a recent hack of its state-run news agency. (more...)
Saudi Arabia, Egypt, UAE sever ties to Qatar over 'terrorism' Saudi Arabia, Egypt, UAE sever ties to Qatar over 'terrorism'
- June 05, 2017

Riyadh cut diplomatic relations and closed borders with its neighbor to "protect its national security from the dangers of terrorism and extremism", the official Saudi Press Agency said. "We certainly would encourage the parties to sit down together and address these differences", he said in Sydney. Trump and other USA officials participated in a traditional sword dance during the trip in which he called on Muslim countries to stand united against Islamist extremists and singled out Iran as ... (more...)
Big crude drawdown supports prices
- June 05, 2017

After shedding almost 3% overnight, USA crude futures on the New York Mercantile CLN7, +1.37% were recently up 45 cents, or 0.9%, to $48.78 a barrel in the Globex electronics session. Oil prices are down around 10 percent since the decision, and OPEC officials have since suggested they may deepen the cuts. Crude futures tumbled more than 1%, as President Donald Trump's decision to withdraw from the 2015 Paris climate agreement sparked concerns that US oil production could expand rapidly ... (more...)
Gregg Allman Laid to Rest in Macon, Georgia Gregg Allman Laid to Rest in Macon, Georgia
- June 05, 2017

Steaming video on social media showed Sarasota County resident and co-founding Allman Brothers Band member and Sarasota County resident Dickey Betts walking to the cemetery with his son, Duane Betts, and manager, David Spero. "Rosalynn and I were deeply saddened when we learned that Gregg Allman had passed", the 92-year-old Carter said in a statement yesterday. The Southern rocker is being laid to rest near the grave of his brother Duane , in the same Rose Hill Cemetery where ... (more...)
Terrorism: Six Arab nations sever diplomatic ties with Qatar Terrorism: Six Arab nations sever diplomatic ties with Qatar
- June 05, 2017

The Saudi Press Agency said the Saudi government would also reach out to its allies "and start the immediate legal procedures for understanding with fraternal and friendly countries and worldwide companies to implement the same procedure as soon as possible for all means of transport to and from the State of Qatar , for reasons related to Saudi national security". (more...)
Poll Shows British PM Could Lose Control of Parliament Poll Shows British PM Could Lose Control of Parliament
- June 05, 2017

The Mayor would transform Labour's chances of beating Theresa May if he was leading his party, found research revealed today by YouGov for Queen Mary University of London . Labour, they predicted, would be losing rather than gaining seats in their region. While doubts over polling remain after a failure to predict the U.K.'s 2015 election result, the moves on Wednesday are emblematic of how the market has been shocked out of its pre-election complacency by mounting evidence that the race ... (more...)
Swamy on Prannoy Roy: Law is equal for all Swamy on Prannoy Roy: Law is equal for all
- June 05, 2017

The raids were being carried out at four places, including Delhi and Dehradun , as per the report. The CBI said the investigation had no link to the editorial line of NDTV , India's oldest English-language all-news channel. " NDTV and its promoters will fight tirelessly against this witch-hunt by multiple agencies", they said, adding that the broadcaster would "not be cowed by false charges". (more...)
Indian equities close flat, but indices touch new highs Indian equities close flat, but indices touch new highs
- June 05, 2017

At 10.45 a.m., the 30-share BSE index Sensex was up 4.67 points or 0.01 per cent at 31,277.96 and the 50-share NSE index Nifty was up 12.15 points or 0.13 per cent at 9,665.65. However, initial strong gains were relinquished by modest profit-taking as well as some caution ahead of the central bank policy meeting, beginning tomorrow. (more...)
Ford sacks CEO Mark Fields, appoints Jim Hackett as successor
- June 05, 2017

December 2014: Ford ends the year with a 15 percent share of new vehicle sales in the USA, its biggest market. Most recently he has led Ford Smart Mobility LLC since March 2016. Ford announced several other key changes in its senior management structure on Monday. First-quarter profits dropped and last week, Fields announced Ford was cutting 1,400 jobs in North America and Asia . (more...)
Whiting Petroleum Corp (WLL) Shares Sold by ProShare Advisors LLC
- June 05, 2017

The stock declined 4.52% or $0.31 reaching $6.66 on the news. It has underperformed by 37.57% the S&P500. Cetera Ltd Liability Corp reported 0.02% stake. The Oregon-based Quest Inv Management Inc Or has invested 1.89% in PepsiCo, Inc. The net percent change held by Institutional Investors has seen a change of 0.68% in last three month period. (more...)
US official downplays effect of Gulf rift on extremist fight US official downplays effect of Gulf rift on extremist fight
- June 05, 2017

Crude futures were also supported by the physical market, where Saudi Aramco raised the July official selling prices for its Arab Light grade to all major regions of Asia, Northwest Europe, and the United States on Sunday. "The U.S. president stands alongside the leaders of a tribal and backward system and does the sword dance, but criticizes an Iranian election with 40 million votes", said Khamenei in a speech featured on state-run television, according to Reuters . (more...)
Man Accused In Portland Train Attack Tells Cops: Man Accused In Portland Train Attack Tells Cops: "I'm Happy Now"
- June 05, 2017

The probable cause affidavit revealed more alleged details about the incident on the train. And as soon as the suspect, Jeremy Christian , entered the courtroom, he began shouting. The stab wound on Mr Fletcher's neck 'missed being a fatal injury by millimetres, ' according to his doctors. A defiant Jeremy Joseph Christian made his first appearance Tuesday afternoon before Judge Paul G. (more...)
I represent people of Pittsburgh, not Paris: Donald Trump I represent people of Pittsburgh, not Paris: Donald Trump
- June 05, 2017

We're just getting left out. " Climate change is an worldwide problem that requires an global solution, and we believe it is important for the world to reduce greenhouse gas emissions ". "We are inquiring with Bloomberg as to the plan they are discussing and whether Yale should sign on as well", O'Connor told the News. United Nations officials thanked Bloomberg for his generous offer but hinted that the deal can only be met if countries pool their resources. (more...)
US employers add 138000 jobs; rate dips to 4.3 percent US employers add 138000 jobs; rate dips to 4.3 percent
- June 05, 2017

The temporary agency penetration rate edged up to 2.064%, an all-time high. The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged over the month at 1.7 million and accounted for 24.0 percent of the unemployed. (more...)
'Windows 10 is only OS safe from WannaCry', says Microsoft 'Windows 10 is only OS safe from WannaCry', says Microsoft
- June 05, 2017

Specifically, more than 60% of victims were users of the 64-bit version of Windows 7 while about 32% were users of 32-bit version of Windows 7 operating system. Cluley said it was understandable that people wanted someone to blame after a malware outbreak as significant as WannaCry . "The ransomware built on top of it is pretty amateur and also what you can see is the amount of money received is significantly lower than in other cases", said Gan: only a few hundred ransom payments of ... (more...)
Qatar's dispute with Arab states lifts oil prices, may impact LNG supply
- June 05, 2017

Saudi Arabia's state news agency quoted an official source as saying that the move was to protect national security "from the dangers of terrorism and extremism". Saudi Arabia said it also would shut its land border with Qatar, effectively cutting off the country from the rest of the Arabian Peninsula. However, Qatar's defensive statements did not save it from the anger of its neighbours, who blocked Qatari-based media, including the Doha-based satellite news network Al-Jazeera. (more...)
Social SectorDr Tedros Adhanom Ghebreyesus To Be Next Director-General Of WHO Social SectorDr Tedros Adhanom Ghebreyesus To Be Next Director-General Of WHO
- June 05, 2017

Ghebrysus was voted in on Tuesday in Geneva during a closed door session of the World Health Assembly by health ministers from 186 United Nations member countries, who cast their votes in secret. Another key WHO mission is managing global health emergencies, Dr. Tedros said, pointing to changes put in place by his predecessor Dr. Margaret Chan, that had led to the swift detection of the current Ebola outbreak in the Democratic Republic of the Congo (DRC). (more...)
British Airways Board to Demand Independent Inquiry Into IT Outage British Airways Board to Demand Independent Inquiry Into IT Outage
- June 05, 2017

The airline said it will "comply with all of the relevant European Union compensation regulations", including welfare claims such as hotel accommodation, transport to and from hotels, meals and telephone calls. A BA spokesperson told IT Pro: "We are conducting an urgent investigation and it would be premature to comment on details before its conclusion". (more...)
Putin Comments on Trump's Move on US Exit From Paris Climate Accord Putin Comments on Trump's Move on US Exit From Paris Climate Accord
- June 05, 2017

Surprisingly, not everybody is on board with Trump's decision to leave the Paris climate control accords . "The focus remained on whether Paris put us at a disadvantage, and in fact, it did, put us at an economic disadvantage", Pruitt said when asked whether President Donald Trump believes climate change is real and a threat to the U.S. (more...)
London attack: 12 arrested in Barking after van and knife attack London attack: 12 arrested in Barking after van and knife attack
- June 05, 2017

US President Donald Trump , "We must stop being politically correct and get down to the business of security for our people". According to her family, Archibald, who was from Castlegar, British Columbia, had spent time working at a homeless shelter before moving to Europe to be with her fiancé. (more...)