Markets
Prices fall on fears of USA drillers counteracting OPEC cuts
- March 21, 2017
The producer group is aiming to revamp the market by eroding a crude inventory surplus that's depressed prices since 2014. The first issue that has dragged oil prices down is that USA inventories have continued to rise year to date. OPEC in November agreed to manage collective production, leaving the United States in a unique position to influence crude oil prices. As of March 17, 2017, crude oil prices were 9.4% below their high. (more...)
- March 21, 2017
The producer group is aiming to revamp the market by eroding a crude inventory surplus that's depressed prices since 2014. The first issue that has dragged oil prices down is that USA inventories have continued to rise year to date. OPEC in November agreed to manage collective production, leaving the United States in a unique position to influence crude oil prices. As of March 17, 2017, crude oil prices were 9.4% below their high. (more...)
Opec greases the wheels of USA shale boom
- March 21, 2017
OPEC and its allies agreed in December to reduce output by almost 1.8 million barrels a day in the first half of the year to rebalance the market. "An extension is needed to balance the market", an OPEC delegate said. The rebound in U.S. drilling will slow down before output can make up for Opec's reductions, according to Morgan Stanley, which sees Brent reaching $62.50 a barrel by the end of the year. (more...)
- March 21, 2017
OPEC and its allies agreed in December to reduce output by almost 1.8 million barrels a day in the first half of the year to rebalance the market. "An extension is needed to balance the market", an OPEC delegate said. The rebound in U.S. drilling will slow down before output can make up for Opec's reductions, according to Morgan Stanley, which sees Brent reaching $62.50 a barrel by the end of the year. (more...)
Fed Rate Hike Could Squeeze Big Borrowers
- March 21, 2017
Asked directly if the market was right to expect three interest rates this year, he replied: "I think three is entirely possible". Notably, economist Jonathan Smoke shared the following view on the Fed's rate hike on March 15: "Today's Fed announcement is going to have the greatest impact on first-time home buyers as they consider their monthly payment budgets". (more...)
- March 21, 2017
Asked directly if the market was right to expect three interest rates this year, he replied: "I think three is entirely possible". Notably, economist Jonathan Smoke shared the following view on the Fed's rate hike on March 15: "Today's Fed announcement is going to have the greatest impact on first-time home buyers as they consider their monthly payment budgets". (more...)
China sees red as Dalai Lama attends official event in India
- March 21, 2017
According to officials, some 1,000 delegates from 35 countries are attending the conference. Union Minister of State for Culture Tourism (Independent Charge) Dr Mahesh Sharma was also present at the inauguration. "The Dalai clique has always been engaging in anti-China separatist activities and its record on the border question is not that good", he had said. In December, Mr. (more...)
- March 21, 2017
According to officials, some 1,000 delegates from 35 countries are attending the conference. Union Minister of State for Culture Tourism (Independent Charge) Dr Mahesh Sharma was also present at the inauguration. "The Dalai clique has always been engaging in anti-China separatist activities and its record on the border question is not that good", he had said. In December, Mr. (more...)
OPEC May Extend Supply Cuts to Bolster Recovery in Oil Prices
- March 21, 2017
May Brent crude LCOK7, -0.14% gave up 14 cents, or 0.3%, to $51.62 a barrel on the ICE Futures exchange in London. The Organization of the Petroleum Exporting Countries (OPEC) is curbing its output by about 1.2 million barrels per day (bpd) from January 1, the group's first reduction in eight years. (more...)
- March 21, 2017
May Brent crude LCOK7, -0.14% gave up 14 cents, or 0.3%, to $51.62 a barrel on the ICE Futures exchange in London. The Organization of the Petroleum Exporting Countries (OPEC) is curbing its output by about 1.2 million barrels per day (bpd) from January 1, the group's first reduction in eight years. (more...)
Brexit could place 'huge burden' on UK Parliament
- March 20, 2017
Sir Tim Barrow, the country's permanent representative to the EU, told the office of European Council President Donald Tusk that Britain planned to trigger Article 50 of the EU Treaty next Wednesday. "The UK will no longer exist for example and we've said under those circumstances Wales should be able to determine what happens to us", said Ms Wood, whose party holds ten out of the 60 seats in the Welsh Assembly and has three MPs. (more...)
- March 20, 2017
Sir Tim Barrow, the country's permanent representative to the EU, told the office of European Council President Donald Tusk that Britain planned to trigger Article 50 of the EU Treaty next Wednesday. "The UK will no longer exist for example and we've said under those circumstances Wales should be able to determine what happens to us", said Ms Wood, whose party holds ten out of the 60 seats in the Welsh Assembly and has three MPs. (more...)
This New Meme Is Constructed Entirely From Trump's Vain Border-Wall Requirements
- March 20, 2017
Donald Trump's "big, lovely wall" at the Mexican border should be 30-foot high, look good from the American side and be hard to climb or cut through, according to a contract posted on a government website. "Spending billions of taxpayer dollars to wall off the remainder of the border is an exorbitantly expensive and an ineffective substitute for a smart, layered approach to border security", said Sen. (more...)
- March 20, 2017
Donald Trump's "big, lovely wall" at the Mexican border should be 30-foot high, look good from the American side and be hard to climb or cut through, according to a contract posted on a government website. "Spending billions of taxpayer dollars to wall off the remainder of the border is an exorbitantly expensive and an ineffective substitute for a smart, layered approach to border security", said Sen. (more...)
Stock Analysis Review: Transocean Ltd. (RIG)
- March 20, 2017
They now have a United States dollars 10 price target on the stock. Bank of America Downgrades the company's stock to Underperform on 1/09/17 by setting a price target of $13. Thus the company showed an Earnings Surprise of 687.5 Percent. Currently, the company has SMA200 (200-day simple moving average) of 4.68 Percent. (NYSE:ARNC) [ Trend Analysis ], stock knocked up around 0.66% in early session as its gaining volume of 5.97 Million. (more...)
- March 20, 2017
They now have a United States dollars 10 price target on the stock. Bank of America Downgrades the company's stock to Underperform on 1/09/17 by setting a price target of $13. Thus the company showed an Earnings Surprise of 687.5 Percent. Currently, the company has SMA200 (200-day simple moving average) of 4.68 Percent. (NYSE:ARNC) [ Trend Analysis ], stock knocked up around 0.66% in early session as its gaining volume of 5.97 Million. (more...)
Senate confirmation hearing for Neil Gorsuch
- March 20, 2017
Jennifer Sisk, a former student of Judge Neil Gorsuch's, informed the Senate Judiciary Committee about a class discussion in which the federal judge and law professor argued that companies can and should ask women interviewing for jobs about their pregnancy plans. (more...)
- March 20, 2017
Jennifer Sisk, a former student of Judge Neil Gorsuch's, informed the Senate Judiciary Committee about a class discussion in which the federal judge and law professor argued that companies can and should ask women interviewing for jobs about their pregnancy plans. (more...)
Bob Dylan coming to Kelowna
- March 20, 2017
You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw. Dylan is scheduled to release his 38th studio album, "Triplicate", on March 31. The 75-year-old Dylan last played Rogers Arena in 2012 and gave a performance described as "polarizing" by Vancouver Sun music writer Francois Marchand. (more...)
- March 20, 2017
You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw. Dylan is scheduled to release his 38th studio album, "Triplicate", on March 31. The 75-year-old Dylan last played Rogers Arena in 2012 and gave a performance described as "polarizing" by Vancouver Sun music writer Francois Marchand. (more...)
Pep Guardiola Leaps to Defence of John Stones After Liverpool Draw
- March 20, 2017
It was one of number of strong penalty appeals by both sides, City claimed one next as Milner appeared to catch Raheem Sterling. And they got rewarded for their patience in the 69th minute, when Kevin De Bruyne sent in a low cross for Aguero to guide home from the first post. (more...)
- March 20, 2017
It was one of number of strong penalty appeals by both sides, City claimed one next as Milner appeared to catch Raheem Sterling. And they got rewarded for their patience in the 69th minute, when Kevin De Bruyne sent in a low cross for Aguero to guide home from the first post. (more...)
Albertson's Considers Merger With Sprouts Farmers Market Inc (SFM)
- March 20, 2017
Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc SFM .O , Bloomberg reported on Sunday, citing people familiar with the situation. Over the past month the firm's stock is 17.13%, 8.37% for the last quarter, 9.99% for the past six-months and -23.67% for the a year ago. Finally, LS Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 5.2% in the third quarter. (more...)
- March 20, 2017
Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc SFM .O , Bloomberg reported on Sunday, citing people familiar with the situation. Over the past month the firm's stock is 17.13%, 8.37% for the last quarter, 9.99% for the past six-months and -23.67% for the a year ago. Finally, LS Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 5.2% in the third quarter. (more...)
IBM Launches Industry's First Enterprise-Ready Blockchain Service
- March 20, 2017
When launched later this year, consumers can use the network to instantly verify their identity for services such as new bank accounts, driver's licenses or utilities. Canada-based financial services companies such as the Bank of Montreal , Canadian Imperial Bank of Commerce , Desjardins , RBC , Scotiabank and TD joined the digital identity ecosystem in 2016 and collectively invested $27 million in SecureKey. (more...)
- March 20, 2017
When launched later this year, consumers can use the network to instantly verify their identity for services such as new bank accounts, driver's licenses or utilities. Canada-based financial services companies such as the Bank of Montreal , Canadian Imperial Bank of Commerce , Desjardins , RBC , Scotiabank and TD joined the digital identity ecosystem in 2016 and collectively invested $27 million in SecureKey. (more...)
Most Active Energy Stocks: Whiting Petroleum Corporation (WLL), Noble Corporation plc (NE)
- March 20, 2017
They now have a Dollars 14 price target on the stock. On Dec 16 Whiting Petroleum Corp. Whiting Petroleum Corp Last issued its quarterly earnings results on Feb 21, 2017. ( WLL ) reported its Actual EPS of $-0.28/share. For the current week, the company shares have a recommendation consensus of Buy. According to their observations and findings, the stock could provide a high EPS of $-0.03/share and a Low EPS of $-0.27/share. (more...)
- March 20, 2017
They now have a Dollars 14 price target on the stock. On Dec 16 Whiting Petroleum Corp. Whiting Petroleum Corp Last issued its quarterly earnings results on Feb 21, 2017. ( WLL ) reported its Actual EPS of $-0.28/share. For the current week, the company shares have a recommendation consensus of Buy. According to their observations and findings, the stock could provide a high EPS of $-0.03/share and a Low EPS of $-0.27/share. (more...)
Rep. Schiff previews Federal Bureau of Investigation director's House hearing on Russian Federation probe
- March 20, 2017
Testifying before U.S. congress, Mr Comey said he is authorised by the American justice department to make the disclosure. Flynn resigned last month after the leaks revealed that he had privately discussed USA sanctions with the Russian ambassador before Trump took office. (more...)
- March 20, 2017
Testifying before U.S. congress, Mr Comey said he is authorised by the American justice department to make the disclosure. Flynn resigned last month after the leaks revealed that he had privately discussed USA sanctions with the Russian ambassador before Trump took office. (more...)
May 'forgot' to share Article 50 date with SNP minister
- March 20, 2017
Parliament could be tasked with scrutinising up to 15 new bills to deliver Brexit , leaving little time for other unrelated legislation, the Institute for Government has warned. The announcement comes a day after European Commission President Jean-Claude Juncker warned that other member states will "realize it's not worth leaving" the EU after they see the deal the United Kingdom gets. (more...)
- March 20, 2017
Parliament could be tasked with scrutinising up to 15 new bills to deliver Brexit , leaving little time for other unrelated legislation, the Institute for Government has warned. The announcement comes a day after European Commission President Jean-Claude Juncker warned that other member states will "realize it's not worth leaving" the EU after they see the deal the United Kingdom gets. (more...)
MGM Resorts International's (MGM) "Buy" Rating Reaffirmed at Instinet
- March 20, 2017
They now have a United States dollars 37 price target on the stock. He writes articles for Analysis of different Companies including news and analyst rating updates. MGM Resorts ( MGM ) is off more than 7% since the start of the year, a period in which the S&P 500 has risen almost as much. Current year estimate on EPS consensus is $1.18. (more...)
- March 20, 2017
They now have a United States dollars 37 price target on the stock. He writes articles for Analysis of different Companies including news and analyst rating updates. MGM Resorts ( MGM ) is off more than 7% since the start of the year, a period in which the S&P 500 has risen almost as much. Current year estimate on EPS consensus is $1.18. (more...)
Fans Pay Tribute To Late Music Legend Chuck Berry
- March 20, 2017
Chuck Berry died of natural causes, according to TMZ , and no autopsy is planned. 'Inside the home, first responders observed an unresponsive man and immediately administered lifesaving techniques. A spokesperson for Berry could not be reached for additional comment at press time. 'The family requests privacy during this time of bereavement'. The new album was initially announced last fall, on Berry's 90th birthday. (more...)
- March 20, 2017
Chuck Berry died of natural causes, according to TMZ , and no autopsy is planned. 'Inside the home, first responders observed an unresponsive man and immediately administered lifesaving techniques. A spokesperson for Berry could not be reached for additional comment at press time. 'The family requests privacy during this time of bereavement'. The new album was initially announced last fall, on Berry's 90th birthday. (more...)
Fellow Clerks Push Gorsuch Confirmation
- March 20, 2017
Last month, Senate Majority Leader Mitch McConnell (R-Ky.) said he was "confident" that Gorsuch would get the 60 votes necessary for confirmation. Severino and her legal team have pored over the 3,000 cases Gorsuch has heard as well as the 200 opinions he has authored during a decade on the bench. (more...)
- March 20, 2017
Last month, Senate Majority Leader Mitch McConnell (R-Ky.) said he was "confident" that Gorsuch would get the 60 votes necessary for confirmation. Severino and her legal team have pored over the 3,000 cases Gorsuch has heard as well as the 200 opinions he has authored during a decade on the bench. (more...)
Little economic common ground found at G-20 meeting
- March 20, 2017
The U.S., represented by Steven Mnuchin in his first appearance at an global forum as Treasury Secretary, argued that trade arrangements need to be made fairer, in line with the administration's claims the U.S. In a press conference afterward, he described the meeting as extremely productive and stressed that Trump's administration believed in free trade. While delegates greeted Mnuchin and said that he had been engaged in the process, it wasn't possible to reconcile the US stance and that ... (more...)
- March 20, 2017
The U.S., represented by Steven Mnuchin in his first appearance at an global forum as Treasury Secretary, argued that trade arrangements need to be made fairer, in line with the administration's claims the U.S. In a press conference afterward, he described the meeting as extremely productive and stressed that Trump's administration believed in free trade. While delegates greeted Mnuchin and said that he had been engaged in the process, it wasn't possible to reconcile the US stance and that ... (more...)
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The main criticism against Britain's high employment rate is losing steam