Markets


Oil Slides Below $45 As OPEC Talks Break Down
- September 29, 2016

However, he didn't rule out a formal agreement during OPEC's official November meeting in Vienna. "This is a consultative meeting, as said by many of my colleagues". Sources told Reuters last week that Saudi Arabia had offered to reduce its output if Iran agreed to freeze production. Said he wants Iranian oil output to hit 4 million barrels per day (mbpd). (more...)
FCA explores legal roles in Senior Managers review FCA explores legal roles in Senior Managers review
- September 29, 2016

Culture is a way of doing things and a set of attitudes that determine behaviour by everyone involved in the organisation. He said that culture was shaped by influences such as the structure of incentives, risk management and how effective management and a firm's governance was, but primarily stemmed from senior managers setting "the right tone from the top". (more...)
Apple chooses Battersea Power Station for new London HQ Apple chooses Battersea Power Station for new London HQ
- September 29, 2016

A total of 42 acres is being developed with around half the area earmarked for shops, restaurants and hotels and half for housing, including some apartments which are on sale for several million pounds. Apple announced today that it had secured space in the iconic Battersea Power Station mixed-use site presently being developed by a Malaysian consortium offering high-end condominiums, shopping and office space. (more...)
Germany's Air Berlin to shed 75 aircraft, 1200 jobs Germany's Air Berlin to shed 75 aircraft, 1200 jobs
- September 29, 2016

Reports have indicated that Etihad has been in talks with Lufthansa and TUI to sell off parts of Air Berlin, including 17 planes owned by the company's Austrian subsidiary and a leasing agreement of 40 planes, and their crew, to Lufthansa - a move that would take away the economical risk of operations. (more...)
SABMiller Shareholders Approve Acquisition By AB InBev, Creating Unparalleled Brewing Force
- September 29, 2016

Investors have long hoped for such a deal, as it would help address a enormous supply glut that knocked the price of oil from around $100 a barrel in mid-2014 to $26 in February. Altria and the Santo Domingos consented to the deal last month. SAB backed the higher offer , though some prominent shareholders, including Aberdeen Asset Management, continued to oppose it. (more...)
California suspends some Wells Fargo business amid scandal California suspends some Wells Fargo business amid scandal
- September 29, 2016

Wells Fargo will stop setting the sales goals that employees say led to pressure to open millions of fake customer accounts. Saying that Wells Fargo's "fleecing of its customers" can not go unpunished, the California treasurer on Wednesday said he was suspending much of the state's business ties with the San Francisco bank, which has been based in California since 1852. (more...)
Delhi Health Minister rejects complaints of shortage of beds in govt. hospitals
- September 28, 2016

Delhi's Health Minister Satyendar Jain on Wednesday urged people not to panic over the spread of chikungunya and said the disease by itself rarely causes death. "A total of 96 dengue patients were admitted to AIIMS, out of which 56 have been discharged. In West Bengal, cases of malaria have been reported". Nadda directed officials to be alert over next few months and to strengthen activities for awareness generation and prevention and control of Chikungunya to effectively address the ... (more...)
USA: Police footage of Charlotte shooting fails to resolve questions
- September 28, 2016

Witnesses claimed Scott had a book, not a gun, when he was shot dead by police while waiting for his son to come home from school on September 20, and in an earlier video released by his wife, she can be heard telling police that he did not have a weapon. (more...)
United States probing possible worker abuse by Wells Fargo
- September 28, 2016

Wells Fargo CEO John Stumpf will forfeit much of his 2016 salary - including his bonus and $41 million in stock awards - as the bank launches a probe into its phony accounts scandal. Debit cards were issued and activated, as well as PINs created, without customers' knowledge. The decision to "claw back" Stumpf's and Tolstedt's compensation comes just before Thursday's big Wells Fargo hearing in front of the House Financial Services Committee and amid a string of embarrassing headlines ... (more...)
Donald Trump 'Manterrupted' Hillary Clinton 28 Times During the First Debate
- September 28, 2016

Trump is seen in 1990s footage saying Machado "weighed 118 pounds or 117 pounds (53 kilograms) and she went up to 160 or 170 (72.5 or 77 kg)". At another point in the debate Trump tried to condescend to Clinton, who had stayed out of the public eye recently. (more...)
Oil Hope Dashes As Algiers' Energy Forum Commences Oil Hope Dashes As Algiers' Energy Forum Commences
- September 28, 2016

Speaking to reporters on Tuesday, Saudi Arabian Energy Minister Khalid al-Falih said the kingdom is also regarding the meeting as consultative and sees it as a first step to future rapprochement. At the conclusion of this worldwide meeting, the ICC will host Wednesday the informal meeting of the Organization of Petroleum Exporting Countries (OPEC), which will seek consensus on stabilizing the oil market. (more...)
Reaction to Arnold Palmer's death on Sunday
- September 28, 2016

The Dunes has been rated before as the best course in South Dakota, and hosted professional golf tournaments on the Ben Hogan Tour, the NIKE Tour, and Buy.com Tour from 1992 to 2001. His lengthy list of good works over decades in this region is topped by his leadership in raising money to establish two premier medical facilities in Orlando: the Arnold Palmer Hospital for Children and Winnie Palmer Hospital for Women and Babies, named after his first wife of 45 years. (more...)
Britain's May to meet Goldman, Amazon, IBM to discuss post-Brexit investment
- September 28, 2016

May wants to encourage trade and investment between the United States and Britain, a spokeswoman for May said. "I believe in good trading relations". The outcome of the British referendum led to the resignation of her predecessor David Cameron, who addressed the Assembly past year. (more...)
Giuliani: If I Were Trump, I'd Blow Off Last 2 Debates
- September 28, 2016

She "came ready to debate and ready to be commander in chief", Clinton running mate, Virginia Sen. So what did Trump do with more than an hour to himself? Five takeaways: 1) reinforced supporters' views that Clinton a phony and Trump a bully; 2) More importantly, Trump did not broaden support; 3) Clinton won on points and punches-health a non-event; 4) polling from week end critical; 5) Pyrrhic Victory. (more...)
Saudi Energy Minister Dashes Hopes for OPEC Deal in Algeria Saudi Energy Minister Dashes Hopes for OPEC Deal in Algeria
- September 28, 2016

The comments Tuesday by Iranian Petroleum Minister Bijan Namdar Zanganeh sent oil prices dropping further. Oil dropped on Friday after Saudi Arabia said it didn't expect a deal with non-cartel producers such as Russian Federation by Wednesday, when they meet in Algeria at an energy conference. (more...)
Former Israeli president Shimon Peres dies at 93 Former Israeli president Shimon Peres dies at 93
- September 28, 2016

His key role in the first Israeli-Palestinian peace accord earned him a Nobel Peace Prize and revered status as Israel's then most recognizable figure overseas. Peres sought to reassure the global community that Israel seeks peace despite stalled negotiations under Netanyahu. "The minute I felt the Arabs are open to negotiation, I said that's what we prefer too". (more...)
Indus Waters Treaty: Five key facts
- September 28, 2016

The already tense ties between the two countries have nosedived following the September 18 attack on an army camp in Uri in Jammu and Kashmir that left 18 soldiers dead. The exercise also indicates that the PM might be looking for leverage other than military reprisals against Pakistan, given concerns over a conflict between the nuclear armed neighbours escalating. (more...)
Democrats and Republicans host separate debate watch parties in Montgomery County Democrats and Republicans host separate debate watch parties in Montgomery County
- September 28, 2016

I think it's going to be important for Hillary to stay on both feet and not be shaken necessarily by negativity, " said Clark. Just 9% of Republicans say the media have a positive effect on the way things are going in the USA, compared with 33% of Democrats. (more...)
Saudi energy minister says Algiers talks are consultative Saudi energy minister says Algiers talks are consultative
- September 28, 2016

Iran, Saudi Arabia, and Russia's comments early in August suggested that major oil producers are trying to support oil prices. Novak said Russia's participation will depend on whether the agreements are reached at the OPEC meeting. "A nonbinding commitment to stabilise oil markets is possible, but it would likely lack teeth", Morgan Stanley said in a note on Monday. Brent crude futures slipped 85 cents to $46.50 a barrel (bbl) by 6:13 a.m. (more...)
Merkel hopes temporary problems at Deutsche Bank can be solved Merkel hopes temporary problems at Deutsche Bank can be solved
- September 28, 2016

It was the second day in a row that stocks fell. Economic docket: On the data front, new-home sales for August will be released at 10 a.m. WASHINGTON - Sales of new homes retreated in August, one month after surging to the highest level in almost nine years. (more...)