Business

by | February 14, 2019 | 00:32

The IEA raised its estimate of growth in crude supply from outside the Organization of the Petroleum Exporting Countries to 1.8 million bpd in 2019, from 1.6 million bpd previously. The cartel has joined forces with 10 non-member nations including Russian Federation to trim output to avoid a repeat of the 2014 crash when prices dove to below $30 a barrel - down from over $100 - due to a glut in supplies and weakening global demand.

by | February 13, 2019 | 01:35

However the low revenue estimates for the company are $2.77 Billion versus high revenue estimates of $3.12 Billion. The Activision Blizzard, Inc . (NASDAQ: ATVI ). ATVI underperformed the S&P500 by 22.23%. "Over the last few years, many of our non-development teams expanded to support various needs", Blizzard president J.

by | February 13, 2019 | 02:10

The results provide the first clear look of Canadian consumer demand for recreational cannabis since it was legalized last October, and the ability of Aurora to meet that demand. However, with the launch of Canadian consumer market, Aurora reported sales of CAD 21.6 Million. The average price for a gram of legal dried cannabis across Canada was $9.70, almost 50 per cent more than the black market price of $6.51 per gram, according to the most recent data from Statistics Canada.

by | February 13, 2019 | 02:12

The prime minister's office said she would tell parliament that "the talks are at a crucial stage". May told MPs on Tuesday. The PM will say "we now all need to hold our nerve" to get the changes needed to get her Brexit deal through Parliament by the 29 March deadline.

by | February 10, 2019 | 01:54

Technology upgrades will also be made including new collaborative robotics and 3D printed tools. Ford sells almost two-thirds of all police vehicles sales in the U.S. "As Chicago continues to strengthen our diverse economy, Ford's commitment to infuse almost a billion dollars into their Southeast Side assembly plant is a vote of confidence in our people and our future", commented Mayor Rahm Emanuel.

by | February 08, 2019 | 02:07

SunTrust Chairman and Chief Executive Officer William H. Rogers, Jr. will serve as President and Chief Operating Officer. King will serve as CEO of the combined company through September 12, 2021, when Rogers will take over. In the Baltimore metro area, BB&T has 69 branches with $5.47 billion in deposits for a market share of 7.5 percent, according to the FDIC. "This is a true merger of equals, combining the best of both companies", King said in a news release about the plan, which he said ...

by | February 08, 2019 | 02:15

While sanctions on Venezuela and Iran are supportive of prices, investors are wary before U.S. Meanwhile, hopes for thawing China-US relations have also helped ease concerns over slowing economic growth. 2 million barrels . According to a separate report by FXDailyReport analyst Katrina Ang, analysts expectations were for an inventory expansion of up to 2.2 million barrels.

by | February 07, 2019 | 02:05

Some Brexiteers have predicted that the EU's seemingly stubborn stance is only a negotiating tactic and Brussels will eventually succumb to United Kingdom pressure and offer a better deal with an altered or removed backstop. "The top priority for us, remains the issue of the border on the island of Ireland, and the guarantee to maintain the peace process in accordance with the Good Friday Agreement ".

by | February 07, 2019 | 01:11

Maduro's adversaries have warned that Venezuelan officials are seeking to drain state coffers ahead of a potential change of government. "The people will never surrender", the embattled Venezuelan president Nicolas Maduro has declared as he condemned what he called the "cowardly" and "disastrous" move by Britain and other European countries to recognise his opponent Juan Guaidó as interim president.

by | February 03, 2019 | 00:46

British lawmakers on Tuesday instructed Prime Minister Theresa May to reopen her Brexit treaty with the European Union to replace the backstop - an insurance policy to prevent the return of a hard border in Ireland - but promptly received a rejection from both Dublin and Brussels.

by | February 01, 2019 | 01:21

This is the same stance the government adopted when GDP back-series data was released by a sub-committee of the National Statistical Commission (NSC) previous year. The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11.

by | February 01, 2019 | 00:52

The talks in Washington are expected to be tense, with little indication so far that Chinese officials are willing to address core USA demands to fully protect American intellectual property rights and end policies that Washington has said force US companies to transfer technology to Chinese firms.

by | January 31, 2019 | 07:31

The yuan appreciated to its strongest against the dollar since July before Vice Premier Liu He travels to Washington for trade talks, and as the People's Bank of China freed up a potential US$37 billion for bank lending. "Without China growing at a good clip it will be hard for the global economy and the U.S.to continue an expansion", Nauman said. Nvidia pulled down the Philadelphia semiconductor index by 2.9 percent, while the S&P technology index dropped 2.1 percent.

by | January 31, 2019 | 07:03

That has left the staff there with "limited ability to provide emergency services to USA citizens in Venezuela", according to the new travel advisory released Tuesday. He also called on the European Union to level "more sanctions" against Maduro's government. "The odds are its attitude to them will be not very friendly, but I do not think that all Russian investment contracts will enjoy the same treatment", Pantulas said.

by | January 30, 2019 | 02:13

White House national security adviser John Bolton said on Monday the new measures would cost Maduro $11 billion in lost export proceeds over the next year and block him from accessing PDVSA assets worth $7 billion. Russian Federation still backs Maduro. When asked if the USA had plans to intervene amid the unrest, Trump said of Venezuela, "We're not considering anything, but all options are on the table", CBS News reported .

by | January 30, 2019 | 01:37

However, Brussels has repeatedly said it does not want to reopen the treaty, which has been signed off by the other 27 European Union leaders, and has said there must be a "backstop", a guarantee to ensure there is no return to a hard border between Ireland and the British province of Northern Ireland.

by | January 26, 2019 | 01:21

Yossi Adler said that he, his wife Jennie and their 19-month-old daughter were to go back home Wednesday night after vacationing in Miami , Florida, as per WPLG Local 10 . At one point, after Adler asked airline workers for an explanation for the removal, one of them asked him, "You told me for religious reasons you don't shower?" "I have eight children at home and there's a religious reason for some reason that they're kicking me off the plane", Adler replied.

by | January 23, 2019 | 01:16

Sir James Dyson did not comment on the move to Singapore. The headquarter switch from Malmesbury, Wiltshire, is likely to prove controversial given that Sir James - the company's billionaire chairman, founder and owner - is an outspoken proponent of Brexit.

by | January 22, 2019 | 00:45

The falling number of births means that China's population grew at its slowest... Guangzhou, meanwhile, saw growth slump to 6.5 percent a year ago as trade tension slam the city's manufacturing sector hard. Growth has been easing for years, but concern over the pace of the slowdown in China has risen in recent months as companies sound the alarm over the crucial market.

by | January 21, 2019 | 03:09

The cost of living increased at a two per cent annual pace in December, as cheaper energy prices were offset by higher prices for just about everything else. Only Newfoundland and Labrador, Nova Scotia and New Brunswick saw prices rise at a slower rate. Consumer prices for gasoline rose more in 2018 (+12.6 per cent) than in 2017 (+11.8 per cent), as an increase in global crude oil prices and exchange rate pressures led to higher prices at the pump.

by | January 20, 2019 | 01:59

The state oil company Pemex said the explosion was caused by illegal taps in the pipeline, according to CNN . Fayad called on the community to not steal gasoline. Dozens of burned bodies lay in the charred field where the blast occurred on Friday evening by the town of Tlahuelilpan in the central state of Hidalgo in what was one of the worst incidents to hit Mexico's troubled oil infrastructure in years.

by | January 20, 2019 | 01:08

American crude output is poised to expand by 1.1 million barrels a day this year, according to the IEA, which sees the US exceeding the Saudis' maximum level within the next six months. Schlumberger Ltd. offered more reassuring news for those anxious about a glut of U.S. crude. Currently, Saudi Arabia could raise production all the way up to its maximum capacity of 12 million barrels a day.

by | January 18, 2019 | 01:25

A source told the WSJ that the federal probe is still in an advanced stage, but it could lead to an indictment soon. The legislation comes in response to the arrest of Huawei's CFO Meng Wanzhou , who was seized in December in Canada on charges of violating USA sanctions against Iran.

by | January 18, 2019 | 02:06

Nick Naydev's friends may be laughing in the video, but Royal Caribbean doesn't think he's so amusing. Although Naydev's post doesn't capture anything that happened after the fall, a comment clarifies that he was picked up by a small boat and brought onto the ship by cops to gather his things and leave.

by | January 15, 2019 | 01:52

That would be an all-new, fully electric vehicle for Cadillac . After promising on Friday that Cadillac would become GM's leading electric vehicle brand, the company unveiled the 2020 Cadillac XT6 EV two days later. The company plans to release a new model every six months through 2021. It will also allow for a shorter development cycle. It's also the tradition that Tesla followed, launching first a six-figure electric sports auto, then a large luxury sedan with a price starting at ...

by | January 15, 2019 | 01:17

Shareholders of Newmont Mining Corp . will own 65 percent of the combined business, with Goldcorp shareholders owning 35 percent. The newly formed Newmont Goldcorp shares would look to list on the Toronto Stock Exchange. 1 gold company and prompted speculation that rivals would need to respond . Newmont chairwoman Noreen Doyle will head the board of the combined company, while Goldcorp chairman Ian Telfer will be deputy chairman.

by | January 15, 2019 | 01:27

The company's intent to file voluntary bankruptcy proceedings on or about January 29 came in a one paragraph statement. PG&E's wildfire insurance for the year that began August 1, 2018, covers $1.4 billion. Pacific Gas and Electric, facing billions of dollars in claims over the deadly 2018 Camp Fire, is headed to bankruptcy court. PG&E's bankruptcy filing has been a possibility for months, but its likelihood rose to near-inevitability in the first few weeks of 2019 as S&P and Moody's cut ...

by | January 13, 2019 | 01:10

Starting after the January 30 announcement, Powell will hold a press conference after every meeting, rather than just four times a year, giving him many more opportunities to try to communicate with financial markets. "The principal worry we have is global growth" in Asia, Europe and elsewhere. However, the Fed chief is less bullish on the world economy. The FTSE 100 is on track for its best week in three months after global stocks were lifted by reassurances from the US Federal Reserve ...

by | January 11, 2019 | 02:04

The Asian markets reached almost one-month highs on speculation that the world's two largest economies were hammering out a deal, Schmitz said. The person added that it was more hard to determine how to hold China to its commitments to better protect intellectual property.

by | January 10, 2019 | 02:34

Coastal GasLink, operated by TransCanada Corp., said it has negotiated agreements with all of the elected bands along a proposed 670-kilometre route created to bring gas to the B.C. New Democrat MP Nathan Cullen, who represents the area, said the conflict has been developing for years - in part because of a failure to recognize the nuances between elected and hereditary Indigenous governments.

by | January 09, 2019 | 02:21

Those measures came in response to earlier drone sightings that shut down Gatwick airport in the days before Christmas, causing disruption for more than 120,000 passengers. A statement by British Transport Secretary Chris Grayling indicated that anti-drone equipment had not yet been put in place at Heathrow. More than 140,000 passengers at Gatwick were affected during 36 hours of chaos between 19 and 21 December.

by | January 07, 2019 | 01:39

Apple's shares were briefly suspended on Wednesday night, and in post-market trading fell by up to 8pc, wiping nearly $60bn off its value. In a report released this morning, financial analysts Canaccord Genuity believe that in spite of yesterday's report, the company is still fundamentally sound and they continue to recommend a BUY for Apple stock.

by | January 07, 2019 | 02:36

The plan has been presented to and reviewed by the MTA , and it has been confirmed that the report's goals are achievable within a 15-20 month timeframe. Unstable portions will be repaired, and the rest will remain as is. "We appreciate the dedication and the analysis provided by this group of experts", said Acting MTA Chair Fernando Ferrer .

by | January 05, 2019 | 03:27

This came after earlier falling more than $1 a barrel as the world's top producers pump at record highs and signs of economic slowdown unnerve the market. "The omens are far from encouraging", said Stephen Brennock of oil broker PVM, citing rising non-OPEC supply and the likelihood of further increases in oil inventories.

by | January 04, 2019 | 06:14

A couple of factors have created the weak sales environment in China for the Apple iPhone , which led Apple to cut its guidance on fiscal first quarter revenue . In late December, the promotional program for the new models went live in China, adding one major perk: users in China cannot only trade in their old iPhones, but also Android phones made by Apple's major competitors in China, including Huawei , OPPO and Xiaomi.