Markets

by | October 17, 2018 | 04:23

USA light crude was 40 cents lower at $71.38. "Shale oil production continues unabated in the United States", said Carsten Fritsch, commodities analyst at Commerzbank. In addition, Saudi Arabia is also looking to make investments in the fertiliser sector. State oil company Saudi Aramco plans to supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said last week.

by | October 17, 2018 | 02:56

The additional routes announced today will continue optimizing access to key business and leisure destinations from Newark while shifting short-haul connecting flights to Washington Dulles. Beginning June 6, 2019, United will begin nonstop service between San Francisco and Columbus , Ohio. Flight SQ22 marked the first non-stop flight between the Lion City and the Big Apple since 2013 when Singapore Airlines or SIA pulled the plug on the service.

by | October 17, 2018 | 01:54

Barkindo said consumers, including India, have expressed concerns on the outlook for supply. OPEC separately updated its oil supply and demand forecasts on Thursday, cutting demand estimates for next year due to economic challenges such as trade disputes and volatile emerging markets , and pointing to excess supply.

by | October 17, 2018 | 01:51

Ride-hailing firm Lyft Inc. recently selected underwriters for an initial public offering that is expected in the first half of 2019, according to people familiar with the company's plans. Uber has been among the most highly-anticipated IPOs. Uber briefly suspended tests of self-driving cars in March following a fatal accident in Arizona.

by | October 17, 2018 | 01:49

A USA judge has approved the settlement between the Securities and Exchange Commission, Tesla and its Chief Executive Officer Elon Musk . Tesla CEO Elon Musk has never shied away from vouching for the longevity of his cars. The SEC alleged last month that Musk misled investors with his August 7 tweet that funding had been "secured" to take Tesla private at $420 a share, which sent shares skyrocketing and short-sellers facing massive losses.

by | October 17, 2018 | 00:05

US President Donald Trump said US aid to Honduras will be stopped unless its government stops a so-called "caravan" from heading towards the US border. Honduras is one of a dwindling number of countries that still has formal diplomatic ties with Taiwan. The current group making their way north plan to seek refugee status in Mexico or pass through to the United States, saying they are fleeing poverty and violence.

by | October 16, 2018 | 14:53

According to Refinitiv Eikon data, Iranian exports of crude oil have declined to 1.33 million bpd, a sharp contrast to April's 2.5 million bpd, before the USA withdrew from the Iranian accord amidst harsh criticism, and U.S. India had contracted to import about 25 MT of crude oil from Iran in 2018-19, up from 22.6 MT imported in 2017-18. He, however, said he has met the Prime Minister and oil minister Dharmendra Pradhan and "assured them of full and continued commitment of meeting India's ...

by | October 16, 2018 | 14:12

That said, the hack, "appears to be the worst hack in Facebook's 14-year history", according to Business Insider's Rob Price . For the remaining one million people whose access token were stolen, the attackers did not access any information, Rosen said.

by | October 16, 2018 | 06:04

Patrick said defence department officials should also be thinking about Australia's appetite for military exports to Saudi Arabia. Fox News host Shepard Smith dismissed President Donald Trump's theory that " rogue killers " could be responsible for the disappearance of Washington Post contributor Jamal Khashoggi .

by | October 15, 2018 | 23:35

The other multi-state lottery game, the Powerball, also has a jackpot with a sizable sum. It was the largest prize distributed for a single ticket. The cash option, which is favored by almost all winners, is $372 million. Unfortunately, even as the big prize for Tuesday night's drawing rises to the fourth-largest in USA history, the odds of matching all six numbers and winning the game don't improve.

by | October 15, 2018 | 20:24

Since a year ago alone, Sears has closed more than 380 of its 894 stores, down from 2,200 stores in the US and Canada in 2005. Lampert pledged to return Sears to greatness by leveraging its best-known brands and its vast holdings of land, and more recently planned to entice customers with a loyalty program.

by | October 15, 2018 | 20:13

Mr Khashoggi has not been seen since he entered the Saudi consulate in Istanbul over a week ago after apparently giving his fiancee his iPhone, which the watch was synced with. Chief Executive Jamie Dimon; and Ford Motor Co. Saudi King Salman spoke to Turkish President Recep Tayyip Erdogan by phone on Sunday, the Saudi foreign ministry said, telling Erdogan: "No-one will get (to) undermine the strength of this relationship".

by | October 15, 2018 | 12:56

The company is also talking to lenders about providing it with debtor-in-possession financing, CNBC reported . Having so little cash available would make it very hard for Sears to pay back $134 million in debt due on Monday . Sears' management has reportedly said it hopes to use Chapter 11 of the bankruptcy law to stay in business rather than Chapter 7, which leads to closing.

by | October 15, 2018 | 12:24

The state carrier last week grounded two pilots after one of its jets carrying 136 people hit an airport perimeter wall on take-off and then flew for nearly four hours with a damaged body before landing safely. "The pilot said nothing was wrong with the plane as the systems were functioning normally". The flight was delayed for over an hour. An official statement by the Air India over the incident is awaited.

by | October 15, 2018 | 09:38

Kevin Hassett, the head of Trump's Council of Economic Advisers, said the president is expressing his views on monetary policy, but he isn't trying to "politicize" the Fed. "The markets are bringing up their expectations for growth, and have been bringing them up all year", Perli said. The Fed's main interest rate, the federal funds rate, now stands between 2 and 2.25 per cent.

by | October 15, 2018 | 07:57

And in a further twist to the situation this morning, the company issued a statement confirming that its finance director Chris Marsh - who was suspended earlier this week - was arrested last night and then released on bail. Johnson is considering making a "significant" cash injection if the company fails to secure funding, the Times reported Friday, without specifying where it got the information.

by | October 15, 2018 | 03:22

CCTV VIA HURRIYET / ASSOCIATED PRESS A surveillance video obtained by the Turkish newspaper Hurriyet and made available on October 9 shows a man believed to be Khashoggi entering the Saudi Consulate in Istanbul on October 2. No footage made public so far has shown Khashoggi ever walked out of the consulate. Saudi Arabia warned on Sunday (Oct 14) it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi , as the ...

by | October 15, 2018 | 01:20

It also warned that "the kingdom's economy has an influential and vital role in the global economy". However, it put more pressure on Saudi Arabia to explain what happened to Khashoggi, who has written critically about Saudi Crown Prince Mohammed bin Salman , after he walked into the consulate October 2.

by | October 15, 2018 | 00:49

The markets have lost roughly 3%, and I think it is probably only a matter time before we find value hunters, but clearly the inventory build has scared people. US crude added 45 cents to $71.42. On the oil front, China's daily crude oil imports in September hit their highest level since May, customs data showed on Friday.

by | October 14, 2018 | 22:26

The Social Security Administration said that payments will increase next year to account for changes in cost of living. Tens of millions of Social Security beneficiaries and other retirees can expect an increase in benefits next year as inflation edges higher.