Finance

Author: 0 Good news for Nigeria as oil prices hit $57

Iraqi Oil Minister Jabbar Al-Luaibi yesterday denied his country's failure to respect its commitment to the reduced oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC). Earlier this year, Brent was in a "contango" situation, where nearby contracts traded at a discount to those farther out. The price of the European benchmark oil blend rose to its highest level since the summer of 2015, amid signs that the worldwide glut of supply may start to dissipate.

Finance Federal Realty Investment Trust (FRT) Shares Hovering Above Chikou
Author: 0 Federal Realty Investment Trust (FRT) Shares Hovering Above Chikou

Jacobs & Co increased Schlumberger (SLB) stake by 9.33% reported in 2017Q2 SEC filing. Prelude Capital Mngmt Lc has 2,031 shares. (EA)'s stock rose 23.30%. The California-based Causeway Capital Management Llc has invested 1.98% in the stock. 71,330 were reported by Fjarde Ap. The fund owned 30,225 shares of the real estate investment trust's stock after buying an additional 4,900 shares during the period.

Author: 0 General Motors: Leader of the Pack?

Vetr downgraded Ford Motor from a "strong-buy" rating to a "buy" rating and set a $12.78 price target on the stock.in a report on Tuesday, July 4th. The ex-dividend date was Thursday, July 20th. Ford Motor's dividend payout ratio (DPR) is now 63.16%. The shares were sold at an average price of $11.34, for a total value of $453,600.00.

Finance ADB revises its Asian economic growth estimate
Author: 0 ADB revises its Asian economic growth estimate

However, ADB said fiscal stimulus "is less likely with the government having exhausted 92.4 per cent of the full fiscal year deficit to cover slippage in non-tax revenue due to slow progress in achieving disinvestment targets". Growth forecasts for Central Asia were revised up this year and next amid stable oil prices, improving prospects for the Russian Federation, and rising remittances.

Finance Euro slides after German vote; N.Korea comments drag on stocks
Author: 0 Euro slides after German vote; N.Korea comments drag on stocks

The yen stood tall on Tuesday after tensions on the Korean peninsula flared-up anew amid an escalating war of words between North Korea and the United States, while the euro struggled near a four-week low versus the dollar. Federal Reserve meeting. The euro and European government bond yields slipped on Monday after the bloc's most powerful leader, German Chancellor Angela Merkel, won a fourth term but faced a fractured parliament as support for the far right surged.

Finance Lesedi La Rona recovered by Lucara Diamonds sold for US$53 million
Author: 0 Lesedi La Rona recovered by Lucara Diamonds sold for US$53 million

The Lesedi la Rona had the potential to yield the largest top-quality diamond in existence, in the region of a 400ct flawless diamond. The largest diamond discovered in over a century has been sold to Laurence Graff after more than a year of negotiations with Lucara Diamond Corp .

Author: 0 SPDR Blmbg Barclays TIPS ETF (IPE) Rises 0.27% for Sep 25

A pure momentum oscillator, such as RSI, or pattern analysis can be combined with the MFI to increase signal accuracy. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. One technical indicator that may assist in measuring the strength of market momentum is the Average Directional Index or ADX. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.

Finance Indian shares end lower; ITC, HDFC Bank down
Author: 0 Indian shares end lower; ITC, HDFC Bank down

The 50-issue NSE Nifty tumbled 91.80 points, or 0.92 percent, to close 9,872.60 after shuttling between 9,816.05 and 9,960.50. However, domestic institutional investors (DIIs) purchased shares worth Rs 521 crore, according to provisional data.

Finance Facebook to Share Russia-Linked Ads With Congressional Investigators
Author: 0 Facebook to Share Russia-Linked Ads With Congressional Investigators

In a statement, Facebook said it found "roughly 3,000" ads connected to 470 inauthentic accounts and pages it believes were "affiliated with one another and likely operated out of Russian Federation". Google has said it has no evidence on its ad platform of a Russian propaganda campaign like the one Facebook found. In an interview with The Associated Press, Warner said he hoped to work with social-media companies on the bill.

Finance ED attaches assets of Karti Chidambaram, firm linked to him
Author: 0 ED attaches assets of Karti Chidambaram, firm linked to him

In the press note, the ED said the finance minister was competent to accord approvals to proposals of up to Rs 600 crore, but Chidambaram cleared the Rs 3,500 crore deal bypassing the Cabinet Committee on Economic Affairs. This "irregular" approval, it said, was done by showing it as an Rs 180 crore investment. Chidambaram said that the Enforcement Directorate's allegations are "intended to intimidate me and to silence my voice".

Finance NFL Fines Pittsburgh Steelers $1M Each for Skipping National Anthem?
Author: 0 NFL Fines Pittsburgh Steelers $1M Each for Skipping National Anthem?

But in this situation if the team decided that we, all of us, were going to wait in the tunnel while the national anthem is being played, that was the protocol that should have been followed". Many members of the Pittsburgh Steelers were surprised to see Alejandro Villanueva emerge from the Soldier Field tunnel during Sunday's national anthem, according to a source.

Finance LeBron James speaks at Cavaliers Media Day
Author: 0 LeBron James speaks at Cavaliers Media Day

When asked if he regretted calling Trump a "bum" on Twitter , James said simply "No", and laughed about Trump disinviting the Warriors to the White House after Stephen Curry had repeatedly said he was uninterested in going . "This is the No. 1 position in the world ..." The day had started with the scenes at Wembley, where those who did not kneel stood arm-in-arm on the sidelines - including Jags and Fulham owner Shad Khan, who donated one million USA dollars to Trump's presidential ...

Finance Lenders underestimating consumer debt CRISIS risks, Bank of England warns
Author: 0 Lenders underestimating consumer debt CRISIS risks, Bank of England warns

Though recent growth in consumer credit isn't a risk to the overall economy, "it is a risk to banks' ability to withstand severe economic downturns, because this asset class is disproportionately more likely to default", the panel said. The £30bn losses in this stress test comprised impairment rates of around 25% on credit cards, 15% on personal loans and 10% on auto finance. Each bank will be given its buffer in November, when the full stress tests are completed.

Finance London ban: new Uber CEO apologises for 'mistakes'
Author: 0 London ban: new Uber CEO apologises for 'mistakes'

Have you read Trendiee Today? Those concerns include the way it conducts background checks on drivers and how the company reports serious incidents to the police. Uber came under scrutiny in Britain after it emerged that dozens of rape and sexual assault claims had been made against their drivers and when one of their drivers used his vehicle in a recent terror attack on Buckingham Palace.

Finance Piyush Goyal Reiterates Electricity-For-All Promise Ahead Of Initiative Launch
Author: 0 Piyush Goyal Reiterates Electricity-For-All Promise Ahead Of Initiative Launch

The total outlay for the Saubhagya scheme has been pegged at 16,320 crore, out of which Rs 12,320 crore will be borne by the central government as govrnment budgetary assistance. The gram panchayat/public institutions in rural areas may be authorised to collect application forms along with complete documentation, distribute bills and collect revenue in consultation with the Panchayat Raj institutions and urban local bodies.

Finance AAA: Michigan's average gas prices fall 12 cents
Author: 0 AAA: Michigan's average gas prices fall 12 cents

Despite the drop, Florida drivers are still handing over 52 cents more per gallon than this time past year, illustrating the lagging effects of Hurricanes Irma and Harvey to the petroleum industry. The drop in gas prices comes as flooded refineries continue to come back online after devastation caused by Harvey, industry analyst Trilby Lundberg of the Lundberg Survey said Sunday.

Finance Merkel Victorious In Germany's National Election
Author: 0 Merkel Victorious In Germany's National Election

Her current coalition partners, the centre-left Social Democrats , said after Sunday's election that they would not join the next government. Political analysts say that Merkel's party now has to build an uneasy coalition with its nearest rival, the Social Democrats and its candidate, Martin Schulz , coming a distant second with 20.8 per cent of the votes.

Finance ABB splashes US$2.6 billion on GE Industrial Solutions acquisition
Author: 0 ABB splashes US$2.6 billion on GE Industrial Solutions acquisition

Since 2010, ABB has funneled around $11 billion in capital into its USA operations, and the GE deal would further bolster the Swiss company's footprint in North America. ABB values our people, domain expertise, and our ability to operate in the segments where we have depth and experience. ABB will fund the deal with existing cash, and will put on hold a previously announced share buyback programme.

Finance Target to raise minimum wage to $11, promises $15 by 2020
Author: 0 Target to raise minimum wage to $11, promises $15 by 2020

The company says the increase will also apply to the more than 100,000 hourly workers it is hiring for the holidays. The Minneapolis-based retailer, which plans to start hiking minimum pay across its stores to $11 an hour in October, provided assurances that the move would not hurt its previously announced full-year and quarterly earnings forecasts.