Markets

by | November 14, 2018 | 13:51

In its report released yesterday, OPEC stated: "In 2018, oil demand growth is anticipated to increase by 1.50 mb/d y-o-y, a downward revision from the previous month of 40 tb/d, mainly due to weaker-than-expected oil demand data from the Middle East and, to a lesser extent, China during 3Q18".

by | November 14, 2018 | 13:15

An unusually large pink diamond sold for $50 million (about 50.4 million Swiss francs) Tuesday at Christie's auction house in Geneva . A Christie's staff holds a 18.96 carat Fancy Vivid Pink Diamond during a preview in Geneva , November 8, 2018.

by | November 14, 2018 | 08:09

But if that nose-down command is triggered by faulty sensor readings - as suspected in the Lion Air crash - pilots can struggle to control the plane and it can go into a dive and perhaps crash. An American spokesman said the airline was unaware of some new automated functions in the MAX but hasn't experienced nose-direction errors. Information recovered from the jet's flight data recorder last week led the US Federal Aviation Administration to issue an emergency airworthiness directive ...

by | November 14, 2018 | 03:11

Falih said the United States sanctions had removed less oil from the market than expected because of the waivers . US President Donald Trump put pressure on OPEC not to cut supply of oil to prop up the market. "One thing that is abundantly clear, OPEC is in for a shale shocker as USA crude production increased to a record 11.6 million barrels per day and will cross the 12 million threshold next year", Innes said.

by | November 13, 2018 | 21:05

The statement has been posted on the Flipkart blog as well. This was after an independent investigation into an allegation of 'serious personal misconduct' . After Walmart's statement confirming Binny's resignation, he himself wrote an email to the company employees, assuring that he will continue to serve as the board member and will also remain a large shareholder in the company.

by | November 13, 2018 | 20:18

Oclaro Inc., which is being bought by Lumentum, lost 11 per cent, on track for its biggest drop since April. As three key Apple suppliers have slashed their revenue forecast amidst slowing iPhone sales, the Cupertino company's shares have fallen to their lowest in three months.

by | November 13, 2018 | 14:26

Among the finalists that Amazon was holding advanced talks with were Dallas, Long Island City in NY and Arlington near Washington, DC, Reuters has reported , citing sources. Amazon's decision will likely lead to more foreign visitors, fuel more global flights and potentially stimulate more exports. Plus, Amazon hoped to show an actual economic impact through its investments in a new area, highlighting its job creation abilities.

by | November 13, 2018 | 08:16

Pilots flying over Ireland on Friday reported seeing an unidentified flying object, or possibly objects, spurring an investigation into the UFO (or UFOs) by the Irish Aviation Authority. A second pilot, flying a Virgin Airlines plane, also called air traffic control. He confirmed that there were " multiple objects following the same sort of trajectory " which was all very bright.

by | November 13, 2018 | 01:14

However, he added: "We need not to overreact when these things happen". "But the question is how much is needed to be reduced by the market", one of the sources said ahead of a meeting by a monitoring committee in Abu Dhabi on Sunday attended by top producers Saudi Arabia and Russian Federation.

by | November 12, 2018 | 16:09

The worry: The Organization of the Petroleum Exporting Countries (Opec), which includes Saudi Arabia and Iraq and Iran, and other non-Opec oil producers such as Russian Federation met in Abu Dhabi on Sunday to discuss oil cuts. "There is no consensus yet among oil producers about cutting production", Saudi Energy Minister Khalid Al-Falih said at the meeting of their Joint Ministerial Monitoring Committee.

by | November 12, 2018 | 13:16

Iraq now pumps around 4.6 million barrels per day (bpd) of oil, second only to Saudi Arabia in the Organisation of the Petroleum Exporting Countries. He also did not clarify whether the exemptions to production cuts extended to Iran in 2016 after its re-entry into the global oil markets, following the lifting of nuclear-related sanctions, would be extended this time after the imposition of United States sanctions.

by | November 12, 2018 | 07:03

All day on Sunday, November 11, all veterans and U.S. military will receive a free sandwich, two sides and a regular beverage, applicable on either dine-in or carryout orders at every City Barbeque location. Veterans and current members of the military are invited to enjoy their free meal by visiting participating restaurants and showing their military ID.

by | November 12, 2018 | 06:26

The City of Lubbock, Texas Tech, and Lime Scooters have formed an official partnership for the Lime Scooters to be the official electric scooter for our city and school. Using a Spin electric scooter costs $1 to rent and 15 cents per minute. "We think autonomous vehicles are going to undergo the same sort of scrutiny that scooters are in that sense".

by | November 12, 2018 | 03:13

The U.S. interest rate is now in a range of 2 to 2.25 percent, but the Fed has signaled it wants to gradually raise rates in the coming months to 3 percent or slightly higher. "If strong growth and robust employment gains were to continue into 2019 and be accompanied by a material rise in actual and expected inflation, that circumstance would indicate to me that additional policy normalization might well be required beyond what I now expect", Clarida said according to prepared remarks in an ...

by | November 12, 2018 | 02:17

Liquidation sales at the 40 additional closures, including in Grand Island are set to begin late next week. Stay with the WRCB app for updates to this story. Sears filed for Chapter 11 bankruptcy protection last month with about 700 Sears and Kmart stores in operation. Sears , which started as a mail order catalog in the 1880s, has lagged behind its peers and incurred huge losses over the years.

by | November 12, 2018 | 00:38

The province says 2,500 children will benefit from its latest prototype childcare program. Fifty-three child-care centres across B.C., including eight on Vancouver Island, will offer $10-a-day daycare as prototypes for the B.C. He says, "In return, these sites will share their feedback with the Government of British Columbia to help inform future implementation of universal care".

by | November 11, 2018 | 22:15

HS Green, 5092 Richmond HS Green is serving free entrees to Veteran's on Monday, November 12. Applebee's says they are on a mission to serve 1 million meals to neighborhood military heroes this year. On Veterans Day, a number of USA businesses are honoring retired and active military members - and in some cases military families as well - with a host of free items and discounts.

by | November 11, 2018 | 18:25

Singles' Day has topped $US6.5 billion in sales already, 20 minutes into its 11/11 event, which kicked off at midnight on Sunday in Shanghai . Alibaba's Single's Day sales reached 168.2 billion yuan previous year. The company is focusing on the 300 million Chinese people who are expected to enter the ranks of the middle class over the next five years, Evans said.

by | November 11, 2018 | 18:00

Police in Dubai have started training officers to use a flying motorbike - the hoverbike - in the hope first responder units can reach hard areas. It marks another extravagant addition to the country's police force, which already has a Ferrari and Lamborghini among its crime-fighting cars.

by | November 11, 2018 | 15:26

The Japanese manufacturer has confirmed that the 3 will make its debut at the Los Angeles show at a press day on November 28, with the event open to the public from November 30 to December 9. Reliable sources tell us this Mazda3 will be built on an all-new architecture that should help the new compact be lighter, more affordable upon purchase, quieter and more fun to drive than its predecessor, qualities that have allowed the vehicle to remain a strong player in the segment since its inception ...