Money

Oil edges up on Saudi pledge to make real supply cuts

Saudi Arabia , the world's top oil exporter, will cut crude allocations to Asia in July to a total of about 300,000 barrels per day (bpd), deeper than in June, sources told Reuters . While financial traders have confidence in rising prices, the physical market remains bloated, especially due to a rise in USA drilling for new oil production. [Full Article...]

Hyundai plays catch-up with new subcompact SUV

Hyundai plays catch-up with new subcompact SUV Speaking at the launch of the new Nissan Juke-rivalling Kona compact SUV in Seoul, South Korea, Hyundai's vice chairman Eui-son Chung said that the firm would launch a new "A-SUV" auto, smaller than the Kona , by 2020. The turbocharged powerplant is optimised for efficiency and produces 120PS. A 1.6-liter turbocharged gasoline direct injected unit seems to be universal, and selected mar... [Full Article...]

Oil jumps after Qatar shunned by Arab neighbors over alleged terrorism links

One week does not make a trend so I suspect investors may turn off the selling pressure until at least next week's EIA data is released. Crude stockpiles at the Cushing oil hub in Oklahoma fell 1.4M barrels last week. Prices on Tuesday pared gains to close up 1.7 percent after the American Petroleum Institute was said to report stockpiles of the motor fuel increased by 4.08 million barrels... [Full Article...]

Brexit talks may not start on time

Brexit talks may not start on time Many in the party were furious at the pair for shutting them out of decision-making during the election campaign. Last night Mrs May was cheered at the first meeting of backbench Tory MPs since losing her majority as she told them: "I got us into this mess and I'll get us out of it". [Full Article...]

Senior Cabinet minister offer support to UK prime minister

Senior Cabinet minister offer support to UK prime minister It is even unclear whether May will be Prime Minister by this time next week. The Prime Minister sought to stave off another Tory civil war ahead of her appearance before the backbench 1922 Committee by bringing former justice secretary Michael Gove in from the cold less than a year after she sacked him. [Full Article...]

Lady Gaga working with Starbucks bosses on charity campaign

Lady Gaga working with Starbucks bosses on charity campaign With her Born This Way Foundation , the world famous pop star and the coffee giant are presenting " Cups of Kindness ". The Cups of Kindness iced beverages include New Matcha Lemonade , New Violet Drink , Ombré Pink Drink , and Pink Drink . [Full Article...]

SCO membership could bring India and Pakistan closer at SAARC

SCO membership could bring India and Pakistan closer at SAARC Ties have been particularly tense since the 2008 attacks on Mumbai blamed by India on Pakistan-based militants. Pakistan says India has to confirm their nationality before it releases them. Another, Mohammed Javed said: "The two countries have fought for long". This can play a positive role, but we do not expect that India will utterly change its attitude to the CPEC because of joining the SCO'. [Full Article...]

Aldi and Lidl Expanding Footprint in US Grocery Store Industry

Aldi and Lidl Expanding Footprint in US Grocery Store Industry German rival Lidl will open the first of its 100 USA stores on June 15. Hart added that Aldi's prices were also up to 50 percent lower than traditional grocery chains, a move that appeared to follow rival Lidl's announcement on prices. Aldi announced on Sunday it would invest £2.7 billion to expand its USA store base to 2,500 by 2022, raising the stakes for rivals caught in a price war. [Full Article...]

Are Analysts Bullish about Grainger PLC (LON:GRI) after last week?

Therefore 56% are positive. Immersion had 4 analyst reports since August 6, 2015 according to SRatingsIntel. 01/12/2016 - RPC Group had its "Buy" rating reiterated by analysts at Berenberg Bank. The correct version of this news story can be read at https://transcriptdaily.com/2017/06/12/bt-group-plc-bt-stock-rating-reaffirmed-by-barclays-plc.html. [Full Article...]

Alexis Sanchez agrees to Manchester City move

Alexis Sanchez agrees to Manchester City move Sanchez said he would leave his future in the hands of his agent as he prepares for this month's Confederations Cup with his national side , as both City and Bayern Munich hope to learn of the forward's plans once he returns from global duty. [Full Article...]

United States health chief 'in a receiving mode' on health bill ideas

Therefore, the legislative vehicle has still not officially been delivered to the Senate from the House. Well you couldn't have a more partisan exercise than what you're engaged in right now. President Trump's refusal to guarantee the continued flow of about $7 billion a year in federal subsidies to insurers to help reduce the out-of-pocket costs of low-income policyholders has also destabilized... [Full Article...]

German police question 3 Britons after flight diverted

German police question 3 Britons after flight diverted No additional passengers were detained, the police spokesman said. The unscheduled landing was made in Cologne fter passengers reported that the men were talking about "terrorist matters". However, the passenger said it was 3am on Sunday before they were finally provided with a room. "What a insane 12 hours". The pilot took the decision to divert the plane after passengers told flight attendan... [Full Article...]

GE CEO Immelt stepping down, Flannery to take over role

Mr Immelt has been with the business for 35 years and took over its running from Jack Welch in 2001. GE said the succession plan "has been run by the GE board of directors since 2011". That underperformance had some pressing for more urgency from Immelt. Immelt's tumultuous tenure began just a few days before the September 11, 2001, terrorist attacks, and included presiding over the company am... [Full Article...]

Why can't the Afghan government protect Kabul?

Why can't the Afghan government protect Kabul? Afghanistan's intelligence service, the National Directorate of Security (NDS), has said early findings showed the Haqqani network , with the assistance of the Inter Service Intelligence (ISI), Pakistan's intelligence agency, carried out the attack on Wednesday in Kabul that killed at least 90 people . [Full Article...]

Marches against Islamic law draw opposition

Act for America said it specifically wanted to raise awareness of genital mutilation, which it blames on Sharia law. Throughout her long career as a professional fear-monger, Gabriel has tried to portray everyday Muslims as potential terrorists who want to overthrow the US government and replace it with Sharia law. [Full Article...]

Uber reportedly fires 20 employees as part of sexual harassment probe

Other employees are being counseled and have received warnings, Bloomberg reported. Uber has fired more than 20 employees after a company-wide investigation into harassment claims. But the sexual-harassment allegations have caused some of the largest damage inside and outside the company. Perkins Coie has so far reviewed more than 200 human resources claims by Uber employees. [Full Article...]

Pound Dives on Fears UK Election May Produce No Clear Winner

Pound Dives on Fears UK Election May Produce No Clear Winner Scottish Conservative leader Ruth Davidson said she has received assurances from the Prime Minister over gay rights should the Tories do a deal with Democratic Unionist Party . May said that her government would lead the country through upcoming Brexit negotiations with the European Union, and that she will work to keep the country safe following the recent attacks in London and Manchester. [Full Article...]

Conservatives, DUP agree to 'confidence and supply' deal on government

The BBC's Laura Kuenssberg said the PM had returned to No 10 a "diminished figure", having ended up with 12 fewer seats than when she called the election in April. Many analysts said it was unlikely May could remain leader for long now that her authority has been eroded. A buoyant Jeremy Corbyn, however, says in an interview with the Sunday Mirror: "I can still be Prime Minister". [Full Article...]

Tyson recalls nearly 2.5 million pounds of chicken products

Tyson recalls nearly 2.5 million pounds of chicken products Several popular ready-to-eat meat products have been recalled for misbranding and undeclared allergens. The following products involved in the recall were packaged between August 17, 2016 and January 14, 2017. cans with "Hy-Top Spaghetti and Meatballs Made with Pork, Chicken and Beef in Tomato Sauce" on the label with package code 2100701200 and Use By Date 01/02/19. [Full Article...]

Back to back champs: Penguins beat Preds 2-0 for Stanley Cup

On Sunday evening, the Penguins took home their second consecutive Stanley Cup, becoming the first team in the salary cap era to win back-t0-back championships. Only teammate Evgeni Malkin (28 points) had more than Crosby's 27 this postseason. The Penguins' style of play over the past two seasons with efficient zone exits and speedy forwards has set the standard across the National Hockey Leag... [Full Article...]


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