Markets

by | June 17, 2018 | 13:34

Meanwhile, IEA sees non-OPEC supply rising by 2 million bpd this year, lead by growth from the U.S. But infrastructure and logistics could constrain growth and the IEA only sees supply growth of 1.7 million bpd in 2019. "Recently, crude oil futures have lost some momentum amid uncertainty as traders prepare for potentially more supply returning to the market", said the report .

by | June 17, 2018 | 08:32

The ECB plans to halve the monthly net asset purchase to 15 billion euros (17.4 billion USA dollars) from October, and to end it by December. The ECB launched its QE programme in early 2015, expanding its balance sheet to over Euro 2.6 trillion.

by | June 17, 2018 | 04:44

Chicago Mayor Rahm Emanuel, left, listens as Tesla CEO and founder of the Boring Company Elon Musk , right, speaks at a news conference Thursday, June 14, 2018, in Chicago . Earlier this year, the office had reported that The Boring Company was one of the firms shortlisted for the O'Hare Xpress project. An update to the Boring Co .

by | June 15, 2018 | 01:53

Fed officials expect to raise rates two more times this year for a total of four hikes; in March, they expected three rate hikes. Fed boss Powell sounded optimistic about the economy is his press conference Wednesday. The unemployment rate is seen falling to 3.6 percent in 2018, compared to the 3.8 percent forecast in March. The further increase announced by the US Federal Reserve on Wednesday is expected to drive the interest rates for mortgage loans even higher.

by | June 15, 2018 | 01:16

Comcast in a statement outlined an offer that was similar to Disney's, including a commitment to the same divestitures. As a result of this offer, the planned July 10 shareholder meeting may be delayed now to give Fox more time to weigh up their options, but that also gives Disney some time to counter Comcast's counter.

by | June 13, 2018 | 05:53

Tesla shares, which are up almost 10 percent on the year, rose on news of the job cuts. What drives us is our mission to accelerate the world's transitions to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainable profitable.

by | June 13, 2018 | 03:28

Since buying Whole Foods past year, Amazon has been working aggressively to get as many of its million of Prime members to shop in-store as possible. The discounts include $2-per-pound savings on organic yellow nectarines and peaches; buy one, get one free purchases of Annie's Natural Macaroni & Cheese; and $3-per-pound savings on made-in-house pork sausage, with no antibiotics.

by | June 13, 2018 | 02:42

When a town is selected , the customer is notified and the city receives funds to help with the repairs. Bartonville is one of four towns where the fast-food company has partnered with local administrations in order to help fix their broken roads.

by | June 13, 2018 | 02:37

IHOB officials that we spoke to say the answer to that question is being kept secret. The restaurant chain (formerly known as IHOP? ) solved a mystery of its own creation today, as it revealed it is now the International House of Burgers .

by | June 13, 2018 | 02:31

A clear win for AT&T will embolden Comcast , the US's largest cable company, to top Walt Disney's $52bn bid for 21st Century Fox , the media empire controlled by Rupert Murdoch and his family. Vertical mergers, such as Amazon's takeover of Whole Foods and drugstore chain CVS's purchase of health insurer Aetna, have become increasingly popular.

by | June 13, 2018 | 01:14

However, Leong said both found it hard to hide their nervousness once they were seated, with Trump displaying a slanted smile, and fidgeting with his hands and Kim leaning and staring at the ground. Rodman grew emotional in the interview as he recalled former president Barack Obama failing to take him seriously when he returned from Pyongyang with a message from Mr Kim after one of his trips.

by | June 13, 2018 | 00:51

Trudeau had simply reiterated Canada's stated plan of imposing retaliatory dollar-for-dollar tariffs in response to the new American tariffs on imported steel and aluminum. We just shook hands. Unbowed, Mr Trump tweeted anew on Monday morning from Singapore: "Fair Trade is now to be called Fool Trade if it is not Reciprocal".

by | June 13, 2018 | 00:43

Tesla Inc . ( TSLA ) is rolling out the next version of its software in August, and it will include a focus on self-driving features, CEO Elon Musk said in a tweet . The version 9 update will be pushed out over-the-air to Tesla owners. "With V9, we will begin to enable full self-driving features". Tesla has repeatedly said Autopilot is meant to be used with an attentive driver whose hands are on the wheel, but the most visible accidents involving Autopilot have included reports of ...

by | June 11, 2018 | 16:45

The media reports on the Trump-Kim talks on Monday follow months of only the scantest of coverage, though Kim's summits with South Korea's president, Moon Jae-in , and China's president, Xi Jinping , received large-scale coverage soon after they had ended.

by | June 11, 2018 | 15:25

Tron, which is one of cryptocurrencies hacked this time, dropped 16.12 percent to 52 won. Coinrail's announcement Monday sent bitcoin prices tumbling to a two-month low. The venues have come under growing scrutiny in South Korea, the USA and other large economies in recent months amid a range of issues including thefts, market manipulation and money laundering.

by | June 11, 2018 | 14:29

He was greeted by Singapore's foreign minister, Vivian Balakrishnan, who posted a picture on Twitter of him shaking hands with Kim and the message: "Welcomed Chairman Kim Jong Un , who has just arrived in Singapore ". During the meeting, the officials also celebrated Trump's birthday. Haas offers a useful warning, though, as people around the world settle in to watch the show in Singapore: "Virtually no North Korea analyst inside or outside of the USA government" expects Kim to ...

by | June 11, 2018 | 12:29

We must put the American worker first!" Mr Trump went on to say that the United States gets "unfairly clobbered" on trade despite "protecting Europe at great financial loss". Trump said that he withdrew the USA from the G-7's joint statement because of that slight. Trump's presidency has been clouded by a federal investigation into alleged Russian meddling in the 2016 presidential election, and possible collusion by his campaign.

by | June 11, 2018 | 11:38

In the resignation letter signed by Nyantakyi, he issues an unreserved apology to all Ghanaians for the disappointment his indiscretion caused them but insists that it was not an admission of any wrongdoing. I take sole and personal responsibility for the proceedings on the video. Asiamah said the decision had been a hard one to take, and is aware that it is likely to trigger some sort of action from world football's governing body FIFA , who strictly forbid the interference of government ...

by | June 11, 2018 | 07:41

Mr Patterson has been under pressure from investors to improve the company's stock performance, which has nearly halved over the last two years. Jan Du Plessis, chairman, said the board was "fully supportive" of Patterson's strategy but added that the "borader reaction" to the recent results announcement demonstrated that there is a need of leadership to deliver the strategy.

by | June 11, 2018 | 07:20

The identity of the victor, a New Jersey resident, won't be revealed until a 2 p.m. press conference at state Lottery headquarters in Trenton on Friday, officials said. His odds on winning were one in 292.2 million. After learning he was a victor, he spent the next three weeks planning the rest of his life. According to the 55-year-old account, he stopped at a 7-Eleven to check his tickets when he discovered he won.