Markets


Texas company to purchase Yates Petroleum in $2.5B deal Texas company to purchase Yates Petroleum in $2.5B deal
- September 07, 2016

Company officials say the transaction will clear the way for the development of premium wells at low costs in the Delaware Basin that spans parts of West Texas and southern New Mexico and the Powder River Basin in Montana and Wyoming. Yates will add an estimated 1,740 net premium drilling locations in the Delaware Basin and Powder River Basin to EOG's growing inventory of premium drilling locations, a 40 percent increase. (more...)
Schneiderman announces probe into EpiPen price hike Schneiderman announces probe into EpiPen price hike
- September 07, 2016

Mylan's EpiPen is a device and drug used when an individual suffers a severe allergic reaction , which could otherwise lead to death, in the US market. In a briefing document , Clinton suggests excessive price rises are "not an isolated problem", claiming that between 2008 and 2015 pharma companies increased the prices of nearly 400 generic drugs by over 1,000%. (more...)
BA apologizes for delays caused by computer glitches
- September 07, 2016

Matthew Walker, a financial analyst from London , waited for more than two hours to board his flight to Heathrow. An investigation will be initiated to determine the cause of the computer glitch, said Sophie Greenyer, a spokeswoman for the unit of London-based International Consolidated Airlines Group. (more...)
10-year-old girl rescued from Italy quake rubble after 17hrs 10-year-old girl rescued from Italy quake rubble after 17hrs
- September 07, 2016

Search parties scavenged through rubble and building debri through the night, even as a strong aftershock rocked already damaged buildings, BBC reported . Italian media say up to 215 people have been dug up from the rubble alive. Twelve people are killed, more than 110 injured and 38,000 left homeless. (more...)
Obama: Kaepernick's national anthem protest a 'tough thing' for service members
- September 07, 2016

Kaepernick has refused to stand for the pre-game playing of the national anthem, citing racial injustice and the oppression of minorities in America. Lane says he doesn't necessarily expect any of his teammates to join him in future protests. (more...)
Oil slips 2 percent as hopes for production freeze wane
- September 07, 2016

In Iraq, Prime Minister Haidar Al-Abadi has said he'd support a freeze deal though new Oil Minister Jabbar Al-Luaibi previously called on oil companies to increase production to boost national revenue. Encouraging comments from the globes two largest producers could have a very significant implication on crude oil futures. "But when oil output is reduced, other producers would receive the benefit". (more...)
Obama cancels meeting with Philippines' Duterte after insult
- September 07, 2016

It was intended as the capstone on his administration's foreign policy rebalancing in the region. "There's a protocol for that", Duterte said . "Our positon is stronger and we've sent a clear message that as a Pacific nation, we are here to stay". (more...)
NASA chasing down asteroid to scoop up, bring back samples NASA chasing down asteroid to scoop up, bring back samples
- September 07, 2016

NASA is inviting the public and the media to celebrate the launch of OSIRIS-Rex sample return mission to an asteroid on Thursday, September 8 at 5:30 P.M. The asteroid releases that heat back into space and it acts like a thruster, changing the direction of the asteroid. OSIRIS-REx will lift off from Cape Canaveral, Florida, on top of a United Launch Alliance Atlas V 411 rocket. (more...)
US services firms register slowest growth since 2010 US services firms register slowest growth since 2010
- September 07, 2016

The ISM said its non-manufacturing index tumbled to 51.4 in August from 55.5 in July, falling to its lowest level since February of 2010. "Taken together, the manufacturing and services PMIs are pointing to an annualized GDP growth rate of a mere 1%, similar to the subdued pace signaled by the surveys throughout the year to date, suggesting that those looking for a strengthening in the rate of economic growth will be disappointed once again", said Chris Williamson, Markit's chief economist, ... (more...)
Duterte regrets Obama comments came across as personal attack Duterte regrets Obama comments came across as personal attack
- September 06, 2016

Mr Duterte added that he did not believe the subject of extrajudicial killings should be raised at such a summit, adding that bloodbath in the Philippines would continue until the last drug pushers and manufacturers were killed. Obama also spent about 90 minutes Monday with Russian President Vladimir Putin, another leader whose fate seems intertwined with Obama's in all the wrong ways. (more...)
Group protests Dakota Pipeline in Memorial Park
- September 06, 2016

The United States government does not hesitate to harm people to protect its domestic and foreign interests, says a political analyst in IL, citing a violent crackdown on pipeline protesters in North Dakota as an example. "These grounds are the resting places of our ancestors". Last week, environmental groups petitioned President Barack Obama to deny permits to the construction pipe, and to revoke the standing permit from the Army Corps of Engineers. (more...)
Hanjin to spend $90 mn to ease shipping crisis
- September 06, 2016

The South Korean line's parent Hanjin Group will provide KRW60bn, while chairman Cho Yang-ho will provide KRW40bn. "The government agreed to provide cheap long-term loans to Hanjin Shipping if Hanjin Group or Chairman Cho Yang-ho offer loan securities that have asset value in Hanjin Shipping ", said Saenuri policy chief Kim Gwang-lim after attending a ruling party-government meeting on September 6. (more...)
US, Russia labour over Syria truce deal but battles rage on
- September 06, 2016

That's according to a senior Obama administration official who spoke on grounds of anonymity because the person wasn't authorized to speak publicly. Meeting on the sidelines of the Group of 20 summit here, US Secretary of State John Kerry and his Russian counterpart Sergey Lavrov were working to negotiate a plan that would have boosted military cooperation between the two nations in an effort to better target terrorists and prevent civilian deaths, CNN reported. (more...)
EU finds Volkswagen broke consumer laws in 20 countries - Die Welt EU finds Volkswagen broke consumer laws in 20 countries - Die Welt
- September 06, 2016

Meanwhile, consumer commissioner Vera Jourova is said to have written to consumer associations across the 28-country bloc to ensure Volkswagen's clients looking for compensation will be treated fairly in each state. Brussels has been under fire for dragging its feet against Volkswagen compared to the U.S., where authorities not only exposed the wrongdoing, but secured a $16.5-billion (€14.8-billion) settlement from the Germany-based automaker. (more...)
Calais migrant camp evacuation to continue, says Cazeneuve
- September 06, 2016

He said the government will "proceed with great determination" to evacuate the camp where about 6,900 migrants are now living. Some aid charities operating there say the figure is closer to 10,000. The additional troops, he said, would help put an end to migrant-led attacks on UK-bound lorry drivers. The minister said that fully dismantling the camp - half of which was razed in March - is the goal but he wants it done "in stages". (more...)
Aussie Dollar Lifted After RBA Decision
- September 06, 2016

European stocks touched an eight-month high in choppy trading then reversed as trading wound down in the absence of United States markets, which were closed for Labor Day. "Yet many market players might have felt that the costs are likely to outweigh the benefits in the future", he added. Data last week from the U.K.'s manufacturing and construction sectors in August also strengthened. (more...)
General Electric Makes $1.4 Billion 3D Printing Play General Electric Makes $1.4 Billion 3D Printing Play
- September 06, 2016

In its statement, SLM said that GE intends to offer a cash consideration of 38 euros per SLM Solutions share. GE GE, +0.29% will buy Sweden's Arcam AB ARCM, +53.23% and Germany's SLM Solutions Group AG AM3D, +39.06% in a move that could put pressure on other aircraft components makers including Rolls-Royce Holdings PLC RR., -0.26% RYCEY, +3.08% and United Technologies Corp. (more...)
Bale's double gives Wales winning World Cup qualifying start Bale's double gives Wales winning World Cup qualifying start
- September 06, 2016

As Ireland managed a 2-2 draw against Serbia, Wales and Austria started off their 2018 World Cup qualifying campaigns with wins. It's only three points, but the first win is also important. The visitors packed men behind the ball in a 5-4-1 formation and exploited Israeli referee Liran Liany's leniency by breaking up Wales's rhythm with cynical fouls. (more...)
Hanjin Shipping bankruptcy causes turmoil in global sea freight
- September 06, 2016

It said 540,000 TEU of cargo already loaded on Hanjin vessels would face delays. She said terminal operators and even railways won't work the ship or touch the cargo until they get paid up-front. Hanjin's ships and containers are fixtures on Hampton Roads' waterfront. And freight could rise as a result as well, they added. Now retailers are anxious about the holiday goods that are in those containers. (more...)
Federal Reserve Vice Chairman Stanley Fischer Said Negative Rates Seem to Work Federal Reserve Vice Chairman Stanley Fischer Said Negative Rates Seem to Work
- September 06, 2016

On Friday, chairwoman Janet Yellen said the case for a near-term rate hike had improved in recent weeks and has stated her preference in the past for monetary normalisation due to ongoing fears that extended periods of loose policy could create unintended bubbles. (more...)

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