Economy

Azerbaijan fully complies with OPEC deal

But after getting an initial lift from the deal, prices slipped into a downward spiral in mid-April. Iron ore and copper prices have been battered in recent days as weaknesses in the growth story emerge. It is set to be the fourth weekly fall on the trot for the greenback, now at its lowest since November. "It was somewhat disturbing that gasoline inventories went up yet another week, counter seasonally, and of course we saw continued increasing USA crude oil production", said Bjarne ...

China is ready for $124 billion investment

Presidents Vladimir Putin of Russian Federation and Recep Tayyip Erdogan of Turkey also spoke at the opening ceremony. "The ancient silk routes thrived in times of peace, but lost vigour in times of war". Named after the historic Silk Road, the Belt and Road initiative was proposed by Xi in 2013 to chart out new territories for worldwide cooperation.

White House confirms: Trump to visit Israel

The trip later this month will include "a truly historic gathering in Saudi Arabia with leaders from all across the Muslim world ", Trump said in announcing the itinerary Thursday before an audience of us clergy in the White House Rose Garden.

United Kingdom spending money to strengthen cyber security of health system -Fallon

Operations and appointments were cancelled and ambulances diverted as hospital trusts became infected by a "ransomware" attack demanding payment to regain access to vital medical records. The message displaying on NHS computers . "With all ransomware attacks we recommend that people always have their operating systems and their applications completely patched and up-to-date, making sure that they have all of their files backed up and stored off-line and of course ensuring that their ...

Jakarta governor guilty of blasphemy for 'insulting Islam'

The development came as foreign-based rights groups and local critics have censured the government for not doing enough to protect religious minorities. "It's not about Ahok but it's about the future of equality, the future of citizenship in Indonesia", Andreas said. Outgoing Jakarta governor Basuki Tjahaja Purnama was found guilty of blasphemy by a District Court on Tuesday (May 9) and sentenced to two years' in jail.

Gerdau SA (GGB) Given Average Rating of "Hold" by Brokerages

Gerdau SA has a 12 month low of $1.50 and a 12 month high of $4.39. Beta value of the stock stands at 2.40. Bank of Montreal Can now owns 1,077,079 shares of the basic materials company's stock worth $2,930,000 after buying an additional 456,528 shares in the last quarter.

Israel Threatens to Evict UN from its East Jerusalem Headquarters

The resolution also regretted the failure of the Israeli occupying authorities to cease the persistent excavations, tunneling, works and projects in East Jerusalem , particularly in and around the Old City of Jerusalem , which are illegal under global law.

US, Japan call for UNSC's emergency meeting over North Korea

The test was "aimed at verifying the tactical and technological specifications of the newly developed ballistic rocket capable of carrying a large-size heavy nuclear warhead", KCNA said. Meanwhile, US President Donald Trump has conducted several nuke tests of his own in preparation for total war. Mr Trump "cannot imagine Russian Federation is pleased" with the test as the missile landed closer to Russian Federation than to Japan, the statement added.

Canadian Hearing Society worker strike ends as tentative agreement ratified

The Hearing Society and CUPE Local 2073 reached a deal on Friday, which will ultimately increase workers' wages and offer a short-term disability program for any injured or ill staff. Next week, when full service resumes, we will incorporate new and expanded services into our programs to meet needs of more people across Ontario". 227 workers with the Canadian Hearing Society (CHS) will return to the jobs they love on Monday, May 15th, following today's ratification of the tentative ...

G7 finance chiefs in Italy try to gauge Trump's policy plans

The G-7 includes Canada, France, Germany, Japan, Italy, the United States and U.K., with representatives of the European Union also attending. The finance meeting paves the way for a meeting of national leader in Sicily May 26-26. Indeed, whilst the USA seeks to lower business and individual income taxes, thus easing the fiscal pressure on the economy, whilst normalising the monetary policies by raising central bank interest rates, the rest of the world's largest economies are not ready to ...

Analysts Sights: Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

According to Zacks, " Kratos Defense & Security Solutions, Inc.is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities". The company posted an earnings surprise of 50.00%. Market Capitalization can be thought of as the overall price to buy the company. (NASDAQ:KTOS) and Teekay Tankers Ltd.

Construction growth accelerates for third consecutive month

The sentiment regarding 12-month outlook remained elevated in April. April's index had an overall reading of 61.3, an improvement on the March figure and well above the 50 mark that separates growth from contraction. "Strong demand for the services of construction firms was also very much evident in further substantial increases in employment and input buying last month".

Pyongyang Claims It Successfully Tested Intermediate Ballistic Missile

The dispatch also said the test-firing "proved to the full all the technical specifications of the rocket", including its guidance and stabilization systems, structural system and launching systems "and reconfirmed the reliability" of a new rocket engine "under the practical flight circumstances".

BT Group plc (BT.A) Rating Reiterated by Citigroup Inc

WPP Group PLC's 50-day moving average is 1,709.26GBX and its 200-day moving average is 1,763.08GBX. Shore Capital reaffirmed a buy rating on shares of Novae Group Plc in a research report on Thursday, March 9th. If you are reading this story on another website, it was illegally copied and reposted in violation of global trademark and copyright laws. The legal version of this story can be accessed at ...

With Moon as prez, Korean talks a reality

In the call, Xi asked Moon to visit Beijing, Moon's office said. Moon's attitude during the call appeared to significantly relieve senior bureaucrats in Japan who were concerned he would take a tougher stance and be reluctant to cooperate with Japan and the United States in dealing with North Korea's provocations.

Stock within Traders Observation: New York Community Bancorp, Inc.'s (NYCB)

American Century Companies Inc. now owns 1,308,768 shares of the financial services provider's stock worth $18,283,000 after buying an additional 1,275,421 shares during the period. The analyst recommendations from a month ago are 0 Buy, 0 Strong Buy, 0 Sell, 3 Hold and 9. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with "Sector Perform".

Coach Inc (COH) Shares Gap Up After Strong Earnings

They now have a $40.00 target price on the luxury accessories retailer's stock, up from their previous target price of $36.00. The stock price increased 1.64% or $-0.74 versus $45.20 at the end of the prior session. was downgraded to "neutral" by analysts at Atlantic Equities. In other news, CAO Todd Kahn sold 19,450 shares of the stock in a transaction on Wednesday, May 10th.

Oil rebounds on Saudi assurances Russian Federation will extend supply cuts

Oil prices fell to fresh five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russian Federation was ready to join OPEC in extending supply cuts. Brent traded volumes on Thursday reached an all-time high of almost 542,000 contracts suggesting hedge funds had accelerated cuts in their long positions.

Kochi Metro appoints 23 transgenders for various duties

To be precise, at least 23 of the 530 Kudumbasree workers at 11 stations in Kochi Metro's Aluva-Palrivattom corridor will be transgenders, a report in The Hindu said. They were appointed after written test and interview conducted jointly by the two agencies. "I hope other firms in Kerala give them a respectable opportunity to work", George said.

3 keys to victory in Game 7 over Boston — Washington Wizards

This is what guys have always dreamed about. Bill Russell, who won 11 championships for the Celtics , used to be physically ill before every game like this one. This is why Thomas' player efficiency rating (26.59) ranked 7th in the National Basketball Association compared to Wall's (23.28) 21st ranking. However, the Wizards had just eight fastbreak points.

Oil up after USA inventories fall more than expected

That's 19 cents more per gallon than the 2016 annual average and would result in the average USA household spending about $160 more on motor fuel in 2017. The decline in USA crude oil inventories is likely due to the increase in gross inputs to refineries in April. However, as Reuters points out, high US gasoline inventories have caused some concern because consumer spending expectations hit a three-year low in April, while new vehicle sales have fallen year-on-year for four months in a row.

Tesla's Solar Roof gets a price

In a follow up tweet , Musk said that solar roofs will start going out to customers in the United States later this year. Tesla says that its cost of $21.85 per square foot is derived using similar methodology as that of Consumer Reports .

Kate Spade's stock soars after $2.4 billion Coach buyout deal

Coach will pay Kate Spade shareholders $18.50 a share in cash. In February 2017, Kate Spade reported sales growth of 9.3 percent, including its e-commerce operations in the quarter that ended in December 31, 2016. "We are confident that this combination will strengthen our overall platform and provide an additional vehicle for driving long-term, sustainable growth", Victor Luis, CEO of Coach, said in a statement .

Tribune Media agrees to $3.9 billion sale to Sinclair

Sinclair will acquire Chicago-based Tribune Media's 42 TV stations and other assets, making the largest station owner in the country even bigger, pending approval from the Federal Communications Commission and federal antitrust regulators. The FCC recently eased these regulations, reversing a rule about how market reach of UHF channels is calculated last month. That disappeared with the switch to digital TV in 2009.

Alonso jets off to Indy for Monday practice

McLaren's reliability issues looked set to continue in Barcelona as an engine problem stopped Alonso from fully participating in FP1 on Friday and he was slowest in the second practice session. "Little by little our rivals would catch up and after a while it would have been impossible to keep them behind, the same way it is impossible for us to attack them".

Double Shooting Leaves 1 Woman Dead, 1 Man Injured

The suspect's sedan was parked next to the victims' vehicle, according to police. He produced a handgun and began firing into the victims' vehicle, Detroit police reported in a statement. The woman suffered a fatal wounds to her arm. The second male victim survived. Someone parked in the auto next to them, who police describe as a black male wearing a hoodie, exited his vehicle and started shooting into their auto.

Fresh barrage of cyber attacks set to hit today

Russia's Interior Ministry acknowledged a ransomware attack on its computers. The government on Sunday said it has activated a "preparedness and response mechanism" to prevent any major cyber attack from a new ransomware - "Wannacry" - which has infected computer systems around the world.

Mnuchin Weaves in Tax Reform, With Trade Talk at G7 Italy

U.S. Treasury Secretary Steven Mnuchin was due to explain Trump's plans to cut business taxes and regulation, as well as the president's push for what he considers more balanced trading relationships. Subsequently, during an interview about Trump's economic policies and how they might impact income inequality, he said, "I don't think any of it is good".

Analysts At Macquarie Reiterated Rio Tinto PLC (LON:RIO) As Outperform

They presently have a GBX 4,000 ($51.73) target price on the stock. The stock has a 50-day moving average price of $39.79 and a 200-day moving average price of $40.35. If you are accessing this report on another website, it was illegally stolen and republished in violation of worldwide copyright laws. In other news, insider Jean-Sébastien Jacques bought 12 shares of the firm's stock in a transaction on Monday, April 24th.

Oil takes heart from decline in United States stocks

The 13-country OPEC is curbing its output by about 1.2 million bpd from January 1 for six months, the first reduction in eight years. Russian Federation and 10 other non-OPEC producers agreed to cut half as much. Crude oil prices dropped into the upper $40 range on signs the market was taking longer than expected to eat into the glut that led to a prolonged slump a year ago.

Ocwen Financial Corp. (OCN) has a Market value of 331.15 Million

Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). About 4.17M shares traded. California Pub Employees Retirement Sys stated it has 0% of its portfolio in Ocwen Financial Corp (NYSE:OCN). Dimensional Fund Advisors LP boosted its position in Ocwen Financial Corp by 557.8% in the first quarter.

Germany demands more free trade guarantees on China Silk Road plan: minister

President Donald Trump's election as a champion of global free trade, most notably in a January speech in Davos, in the Philippines. The CM said the Belt and Road vision was a harbinger of a new era of connectivity and integration. Western diplomats have looked askance at the summit and the plan as a whole, seeing it as an attempt to promote Chinese influence while eroding their own fading hegemony.

China invests $124bn in Belt and Road global project

Mr Xi made the announcement in his opening address to a two-day "Belt and Road" conference in Beijing that brought together leaders from 29 countries. The Russian leader said the rise of trade protectionism is creating a "breeding ground for global extremism and terrorism". And some economists are cautious about the viability of projects in areas of political instability and poor governance.

Oil Prices Dropped as Oversupply Concerns Return

Baku, Fineko/abc.az. Vienna deal OPEC/NOPEC on the reduction of oil production has turned out suddenly under threat that brought back the volatility on the global oil market. There is some support around the $45 level, Kilduff said. This could spell a shift of market share from Opec to mainly United States oil producers.

Aust firms back to work after cyber attack

The ransomware worm that stopped vehicle factories, hospitals, shops and schools over the weekend worldwide, with Asia having escaped the worst so far, could wreak fresh havoc on Monday when employees log back on, cyber security experts warned.