Business

Oil Slips as OPEC Seen Able to Offset Iran Losses From Sanctions

Oil Slips as OPEC Seen Able to Offset Iran Losses From Sanctions But while slogans of "Death to America" were few, many Iranians are sincerely angry over Mr Trump's decision and are siding with hard-liners who have warned to be suspicious of the West. "There is a good chance the current OPEC deal will end by end-2018, if not before", said Ed Morse, head of commodities research at Citigroup Inc.in NY. [Full Article...]

Average gasoline price nearing $3 per gallon in NY state, nationwide

Average gasoline price nearing $3 per gallon in NY state, nationwide Gas prices recently rose again in anticipation of Memorial Day weekend, with the national average gas price standing at $2.87 on Sunday - 53 cents higher than this time previous year. Even as gas prices rise like outdoor temperatures, AAA still expects an additional 2 million people will take to planes , trains, automobiles and other modes of transportation. [Full Article...]

Facebook suspends 200 apps for possible misuse of user information

Facebook suspends 200 apps for possible misuse of user information It will show people if they or their friends installed an app that misused data before 2015 - just as we did for Cambridge Analytica . Facebook CEO Mark Zuckerberg promised users - and Congress - that the company would audit all the apps that may have collected user information under Facebook's old policy of letting developers access the data of app users' friends. [Full Article...]

Last Week Petrofac Limited (LON:PFC) Ratings

The firm has "Hold" rating by Peel Hunt given on Friday, June 9. Numis Securities maintained the shares of FAN in report on Tuesday, March 20 with "Hold" rating. It has change of 0.09, from 2017Q3's 0.98. 38 grew stakes while 19 funds acquired stakes. Amalgamated Bancshares invested in 10,563 shares or 0.01% of the stock. [Full Article...]

Trump Promises To Help Chinese Company That Violated US Sanctions On Iran

Trump Promises To Help Chinese Company That Violated US Sanctions On Iran In March past year, ZTE paid almost $900 million in penalties for exporting USA technology to Iran and North Korea in violation of sanctions. Representatives from both the USA and China - which boast the world's largest economies, with nominal GDPs of almost $19.4 trillion and approximately $12 trillion, respectively - held trade talks in early May. [Full Article...]

Viewpoint: Trump knew Iran deal wasn't working

Viewpoint: Trump knew Iran deal wasn't working Asian crude oil traders pointed to the US-Iran news as the immediate cause of the strengthening Dubai crude structure, which had been trading at 59 cents/b on April 30. The People's Republic stands to benefit if it can use its leverage as the world's largest importer of crude by insisting that its oil purchases from Iran be priced in yuan. [Full Article...]

Volunteers help efforts to "Stamp Out Hunger" in Tennessee Valley

Volunteers help efforts to Davis bourne, board chairman of Harvest Hope, says it's an easy way to help those in need. Volunteers with the SCV Food Pantry collect donations for the Stamp Out Hunger Food Drive? Last year, letter carriers collected 75.3 million pounds of food from 10,000 cities and towns. [Full Article...]

Walmart may come up with IPO for Flipkart in 4 years

Walmart may come up with IPO for Flipkart in 4 years Walmart has already signed agreement to purchase shares worth $16 billion which is 77% of Flipkart, here's how the structure of deal looks like. As a portion of the bargain, wal mart will initially appoint five supervisors to Flipkart's plank, two supervisors will probably be appointed by minority investors whilst Bansal will take a single plank seat, as stated by the filing. [Full Article...]

Million Jobs will be Created with the Flipkart-Walmart Deal

Million Jobs will be Created with the Flipkart-Walmart Deal Technically speaking, Flipkart India's shares haven't been sold at all but, Flipkart Singapore, the report added. Citing sources in the know, The Economic Times said that the Japanese conglomerate is still undecided on whether to sell its 21 per cent stake in India's leading etailer given the tax liability involved if it exits less than a year after investing in Flipkart. [Full Article...]

Uber reveals new concept and partners for air taxi network

Uber reveals new concept and partners for air taxi network The company signed a " space act agreement " with NASA last fall to whip up ideas for a new "unmanned traffic management" system to safely oversee and manage these vehicles, which are supposed to be able to land in more places around a city than just airports. [Full Article...]

Starbucks changes its bathroom policy to be open to all

Starbucks changes its bathroom policy to be open to all Filmmaker Stanley Nelson will feature the training in an upcoming documentary, Schultz added. The two men, Rashon Nelson and Donte Robinson , settled with Starbucks earlier this month for an undisclosed sum and an offer of a free college education. [Full Article...]

Bank of England keeps interest rate on hold as economy slows

Bank of England keeps interest rate on hold as economy slows The central bank said on Thursday that inflation had fallen faster than it expected. It said first-quarter growth will probably be revised up to 0.3 percent from the initial estimate of 0.1 percent. "While the storms of February and March have given way to sunnier skies, the economic outlook for the United Kingdom remains clouded by Brexit uncertainties ", Carney said. [Full Article...]

Elon Musk's Underground LA Tunnel 'Almost Done,' Free Demo Rides Coming

Elon Musk's Underground LA Tunnel 'Almost Done,' Free Demo Rides Coming Boring Company is seeking approval to tunnel into western Los Angeles. The future price for a ride will be a little lower than a bus ticket. The general idea is that the capsules will be able to transport cars and pods containing eight to 16 people through tunnels with entry and exit points once every mile. [Full Article...]

As UK economy slows, central bank holds off rate increase

As a result, "the average two-year fixed rate has climbed to 1.50% today, up from 1.17% in May 2017, while the average five-year fixed rate market has grown by 0.27% to stand at 2.08% today". 'Only one month ago, the markets were predicting a more than 90% probability of a United Kingdom interest rate increase this month. Around the same time, Governor Mark Carney also had signaled in an int... [Full Article...]

Australia Is Spending $700K AUD On Blockchain Study

Australia Is Spending $700K AUD On Blockchain Study Australian fintech will get a boost from the 2018-19 Budget, with a number of measures announced to support the enhancement and promotion of the industry. A $25 million research initiative on Artificial Intelligence and Machine Learning including new collaborative research delivered through the Collaborative Research Centres program, and a strategic roadmap and an ethics framework led by CSIRO's D... [Full Article...]

Renishaw (LON:RSW) Hit GBX 5400.00 Target

Retail Bank Of America Corp De holds 0% of its portfolio in Ei Group plc (LON:EIG) for 27,114 shares. Raymond James & Associate stated it has 0% of its capital in Secure Trust Bank Plc (LON:STB). The stock of iomart Group plc (LON:IOM) has "Buy" rating given on Monday, December 4 by Peel Hunt. The stock of British Land Company Plc (LON:BLND) has "Underperform" rating given on Friday, November 13 b... [Full Article...]

Trump Administration taps projects to pilot expanded drone use

Trump Administration taps projects to pilot expanded drone use The companies will develop "operational concepts" that includes testing package delivery, detect-and-avoid technologies, night operations, flights over people, the reliability and security of data links between pilot and aircraft, and others. [Full Article...]

Ford temporarily shutting down F-150 production due to parts shortage

Ford temporarily shutting down F-150 production due to parts shortage Fire at the Meridian Magnesium Products plant which supplies Ford with radiator support has led to shortage of vital parts for Ford F-150. The plant continued to produce Chevrolet Colorado and GMC Canyon mid-size pickups. The automaker's other source of the popular F-150, in Dearborn, Michigan, may go down this week, said a person familiar with the situation, who asked not to be identified... [Full Article...]

Saudi Arabia, Gulf Allies Join Israel in Backing US Iran Move

Saudi Arabia , the United Arab Emirates (UAE) and Bahrain swiftly backed U.S. President Donald Trump's decision to reimpose sanctions on Iran . Trump said on Tuesday that the 2015 nuclear deal, which lifted sanctions on Iran in return for measures restricting its nuclear programme, did not go far enough in removing the threat posed by Tehran to the US and its allies in the Middle East... [Full Article...]

Walmart set to announce Flipkart deal today

Walmart set to announce Flipkart deal today While Flipkart is reportedly inching closer to sealing the deal to sell its majority stake to the U.S. retail giant for at least United States dollars 12 billion, SoftBank is yet to finalise on the portion of its 20 per cent holding it will sell and the time of the deal. [Full Article...]


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