Markets


Russian Federation says it supports OPEC plan to limit oil production Russian Federation says it supports OPEC plan to limit oil production
- October 11, 2016

Crude-oil futures on Monday closed at their best level in about 14 months, supported by bullish comments from Russian President Vladimir Putin and Saudi Arabia's energy minister. The goal is to cut production to a range of 32.50-33.0 million barrels per day (bpd). OPEC's current output PRODN-TOTAL stands at a record 33.6 million bpd. (more...)
IMF Predicts Weak Global Economic Growth In Q4 2016 IMF Predicts Weak Global Economic Growth In Q4 2016
- October 11, 2016

There are other factors, of course, such as a weaker-than-expected showing in the United States , which is "compounding the setbacks" from one-time issues such as the wildfires. Advanced economies will expand just 1.6% in 2016, less than last year's 2.1% pace and down from the July forecast of 1.8%. New evidence shows that financial crises are in relation to excessive private debt levels in advanced and emerging market economies, the International Monetary Fund noted, and added that high ... (more...)
Brent oil price hits highest level in a year Brent oil price hits highest level in a year
- October 11, 2016

OPEC is scheduled to meet in November to hash out details of the agreement. Brent crude, the global benchmark, jumped 2.4 per cent on the comments to hit $53.17 a barrel - its highest level since August 2015. However, the delicate and critical issue of how much each of the 14 OPEC members will produce, is to be decided at the November formal OPEC meeting. (more...)
Samsung Halts All Sales of Its Exploding Galaxy Note 7 Phone Samsung Halts All Sales of Its Exploding Galaxy Note 7 Phone
- October 11, 2016

A Samsung spokesman said the company will take "appropriate measures" based on the findings of the US safety commission. "That's why we think there is a new defect", Oh said. "No one should have to be concerned their phone will endanger them, their family or their property", said Elliot Kaye, chairman of the safety commission, in a statement . (more...)
WhatsApp warned by German Privacy Regulators WhatsApp warned by German Privacy Regulators
- October 11, 2016

Turns out there was some miscommunication because WhatsApp has since released a new statement which basically says that they will be complying. Following the update, two Indian students approached the Delhi High Court, alleging that WhatsApp's updated privacy policy violated the rights and privacy of millions of users. (more...)
Oil prices slide on profit-taking after two-day jump Oil prices slide on profit-taking after two-day jump
- October 11, 2016

Crude futures fell on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude. (more...)
Samsung Halts Production Of Galaxy Note 7 Smartphones Samsung Halts Production Of Galaxy Note 7 Smartphones
- October 11, 2016

New Zealand telcos Spark and Vodafone are urging customers to return their Samsung Galaxy Note 7s but say they have halted the replacement programme pending an investigation. The company said on its website that the decision was made after consulting with relevant authorities. A formal recall through the Consumer Product Safety Commission will nearly certainly follow, whenever the commission has finished its investigation. (more...)
Putin pushes oil prices to $53 one-year high
- October 11, 2016

OPEC's top oil producer Saudi Arabia said on Monday a global production deal to limit supplies could be reached by the group's next formal meeting in November, when an invitation to join cuts could be extended to non-OPEC nations such as Russian Federation. (more...)
Brent crude prices hit highest level in a year
- October 11, 2016

Oil prices hit a 14-month high and the FTSE 100 recorded its second-highest close on record yesterday after Vladimir Putin suggested Russian Federation would take part in a production cut alongside the Organisation of the Petroleum Exporting Countries ( Opec ). (more...)
Sobering evidence links Hurricane Matthew's intensity to climate change Sobering evidence links Hurricane Matthew's intensity to climate change
- October 11, 2016

All these cyclones and hurricanes are nature's cry for help to preserve our planet and stop global warming . "I've become an expert in spotting the politics in hurricane tracking and hurricane forecasting ". Not only do the two camps completely disagree about why the Earth is warming-70 percent of Clinton supporters say it's because of human activity, while 77 percent of Trump supporters say it's either because of natural patterns or there is no solid evidence the Earth is even ... (more...)
Markets Right Now: US stocks open solidly higher Markets Right Now: US stocks open solidly higher
- October 11, 2016

The Dow Jones industrial average jumped 148 points, or 0.8%, to 18,388 as of 11 a.m. The Standard & Poor's 500 index gained 15 points, or 0.7 percent, to 2,169. Seoul ended up 0.2 percent but Samsung Electronics was battered by reports that it had suspended production of its flagship Galaxy Note 7 handset after distributors stopped offering replacements because of continued safety concerns. (more...)
Brady rocks, Elliott rolls, Bosa's big debut, Bengals and Browns flop
- October 11, 2016

Marvin Lewis leaned back in his chair and couldn't help but laugh. Everyone from Witten to Jones to coach Jason Garrett was giving plenty of credit to Prescott, too. He dialed it in every way. Can the Dallas Cowboys ignore those cheers? He will be fed. Pros: The defense didn't play like it was allergic to tackling on Sunday, Josh Norman is ( as Scott Allen put it ) the "anti-Haynesworth", Kirk Cousins has a new motto, albeit one that's a little bit nuanced and a lot more boring ... (more...)
Embattled Hamilton vows to fight on after Suzuka defeat Embattled Hamilton vows to fight on after Suzuka defeat
- October 11, 2016

Rosberg also knows that in Hamilton he faces a formidable competitor, who earlier this season converted a 43-point deficit to the German into a 19-point advantage with a streak of six wins from seven races. Rosberg, who started from pole after topping every practice session, had no such concerns as he retained the lead and never looked back. The young driver once more caused controversy in the race, with some questionable defending manoeuvres that he has become somewhat famous for this season. (more...)
Cubs edge Giants in opener
- October 11, 2016

In the BCB roundtable discussion we had on Thursday, I said that Travis Wood and Mike Montgomery would be huge in this game because of the left-handed character of the Giants lineup. Actor Jeff Garlin sang "Take Me Out To The Ball Game" during the seventh-inning stretch. Bochy hit for Samardzija in the third. These two guys are both hungry for the NL Pennant and will be gunning for no-hitters so be sure not to miss a single pitch in this match-up. (more...)
Penn State's Barkley, Smith earn Big Ten honors Penn State's Barkley, Smith earn Big Ten honors
- October 11, 2016

It was Barkley's first 100-yard rushing day since the season opener against Kent State after facing a steady of run of opponents who make him the focal point of their defensive efforts. Smith is the second-straight defensive player of the week for Penn State, after junior safety Marcus Allen won last week. Lee, an outside hitter from Menomonee Falls, Wis., became the first Nittany Lion to eclipse the 30-kill mark (on the dot) since Nicole Fawcett accomplished the feat in 2007 with 31 against ... (more...)
Oil rises in New York, buoyed by OPEC cheer Oil rises in New York, buoyed by OPEC cheer
- October 11, 2016

Michael Poulsen, oil analyst at Global Risk Management Ltd, spoke with Radio Sputnik, calling Wednesday's sharp rise a "kneejerk reaction", after a previous attempt by OPEC to reach an agreement in April in Doha failed amid a disagreement between Saudi Arabia and Iran, two of the cartel's biggest producers. (more...)
FY2016 EPS Estimates for Alnylam Pharmaceuticals Inc. Lifted by Analyst (ALNY)
- October 11, 2016

Currently, the stock has a 1 Year Price Target of $7.33. The stock stands almost $2.14 off versus the 52-week high of $3.5 and $0.11 above the 52-week low of $1.25. Institutional investors and hedge funds own 85.96% of the company's stock. Macquarie Group Ltd. increased its stake in shares of Alnylam Pharmaceuticals by 2,138.1% in the second quarter. (more...)
Walmart New Store Opening Slows, Company To Expand Online
- October 11, 2016

Wal-Mart completed its more than $3 billion buyout of the fast-growing online retailer Jet.com last month, showing how heavily it's willing to invest to boost online sales that totaled $13.7 billion past year - still just a fraction of its annual revenue. (more...)
Lawmakers to vote on Raiders Vegas stadium Lawmakers to vote on Raiders Vegas stadium
- October 11, 2016

The Rebels have played at Sam Boyd Stadium since 1971. Not that any of these arguments are really expected to win the day on the basis of pure logic, economic or otherwise - rather, they're meant to provide political cover for the state legislators who are going to have to explain in a few days why they approved giving three-quarters of a billion dollars in tax money to a wealthy casino owner and a not-quite-as-wealthy National Football League team owner so they could build a stadium for ... (more...)
Southgate: Man Utd star Rooney speaks with authority, he has great knowledge Southgate: Man Utd star Rooney speaks with authority, he has great knowledge
- October 11, 2016

Professionalism should not be mistaken for accepting this is the beginning of the end, though. But he also said he "wasn't too romantic about it" and it was encouraging to hear him talk with such cold professionalism about what had to be quite a day for the former England defender.'I wasn't here to be a tourist, ' he said . (more...)

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