Business


A Gulf between Gulf nations over Oil - Iran and Saudi Arabia A Gulf between Gulf nations over Oil - Iran and Saudi Arabia
- May 15, 2018

He also believes that "While prices are now rising on Trump's decision to reimpose sanctions on Iran, we may see some limitations to the rally as any lost volumes can be supplied by other producing nations". The benchmark contract remained lower in post-settlement trade. China has further incentive to establish an interest in Iran's oil industry, as the country lies at the crossroads of China's "One Belt, One Road" project , which aims to invest more than $1 trillion in infrastructure ... (more...)
Trump has options if markets panic on Iran Trump has options if markets panic on Iran
- May 15, 2018

Chinese businessman Sheng Kuan Li didn't worry about sanctions when he decided in 2010 to invest $200 million in a steel mill in Iran that started producing ingots and billet within months of the lifting of punitive measures against the Islamic republic as part of 2015 worldwide nuclear agreement with Iran. (more...)
Exxon Mobil Corporation (XOM) held by 217 SEC 13F Filers
- May 14, 2018

The Chevron Corporation exchanged hands with 2699789 shares compared to its average daily volume of 6.93M shares. It has underperformed by 11.55% the S&P500. Therefore 20% are positive. Credit Suisse has "Neutral" rating and $80 target. The firm has "Buy" rating given on Thursday, March 8 by Bank of America. (more...)
Council Committee Picks $75 Million Head Tax Over Mayor Durkan's Smaller Proposal Council Committee Picks $75 Million Head Tax Over Mayor Durkan's Smaller Proposal
- May 14, 2018

The Seattle City Council is expected to vote on a new progressive business tax on Monday, which has set the city up for a square-off with e-commerce giant Amazon. According to local media reports, at a meeting last week construction workers showed up to say they would be out of work if the council passed the tax. (more...)
Hackers Target Family Planning NSW Leaving Thousands Of Clients At Risk Hackers Target Family Planning NSW Leaving Thousands Of Clients At Risk
- May 14, 2018

The email reportedly claimed hackers had demanded $15,000 in bitcoin ransom , according to ABC News. People who have booked abortions and sought information about contraception could have had their personal information stolen, after a major data breach at Family Planning NSW (FPNSW). (more...)
Rhetoric over US exit from Iran deal rises amid threat of sanctions Rhetoric over US exit from Iran deal rises amid threat of sanctions
- May 14, 2018

Trump described the deal as "horrible" and "one-sided" as he announced USA withdrawal on Tuesday, which could lead to penalties for European businesses that have begun trading with Iran since it was signed in 2013. She called for calm on all sides. Europe's options, however, are limited. On the bearish side some traders believe prices won't move almost as high because of rising US production and the possibility that other suppliers from within OPEC will step up output in order to counter ... (more...)
BMW brings its inductive charging system this summer BMW brings its inductive charging system this summer
- May 14, 2018

For starters, the inductive charging will only be offered for folks with a lease deal on the 530w iPerformance vehicle. However there is a catch and that is this wireless charging mat will only be available for lease for the BMW 530e iPerformance in Europe, and the 530e in California for those living in the US. (more...)
Trump Vents About Michael Cohen's Raids '20 Times a Day,' Report Says Trump Vents About Michael Cohen's Raids '20 Times a Day,' Report Says
- May 14, 2018

After the news broke that Swiss pharma Novartis paid $100,000 per month into an account belonging to Cohen, in a fixed-term contract worth $1.2 million, the company issued a statement attempting to clarify the situation. Novartis failed to obtain any gainful information from Cohen but could not stop from making the binding payments. The Russian, Viktor Vekselberg, was stopped and questioned at an airport this year by investigators for Robert S. (more...)
US seeks to quickly curb Iran oil after scrapping deal US seeks to quickly curb Iran oil after scrapping deal
- May 14, 2018

What needs to be done? New sanctions put that progress in jeopardy. Then Brussels approved measures to neutralise the law asserting that the U.S. should not be able to impose such measures with such an extra-territorial effect. Whether deliberately timed or just fortuitous, Trump is leaving the Iran agreement, and being blasted by allies and the foreign policy establishment for doing so, at the same time he can point to successes involving North Korea. (more...)
CBS Sues National Amusements For Voting Control, Stops Viacom Merger CBS Sues National Amusements For Voting Control, Stops Viacom Merger
- May 14, 2018

CBS asked the court to issue a restraining order allowing the meeting to go forward as well as suing the company, alleging it breached fiduciary duties. NAI had absolutely no intention of replacing the CBS board or forcing a deal that was not supported by both companies. With Monday's lawsuit, the dispute is heading to court. (more...)
Millennium Management LLC Purchase 5297 Shares of Vanguard Mid-Cap ETF (VO)
- May 14, 2018

We might think of historical volatility as the rate of change of the underlying stock price. The company's earnings per share shows growth of 32.40% for the current year and expected to arrive earnings growth for the next year at 11.46%. This stock increased in value by 3.72% during the last 7-day period, and experienced a gain of 7.91% over the past 30-day period. BMO Short-Term US Treasury Bond ETF (ZTS ) stock revealed 0.58% return for the recent month and disclosed 16.72% return in ... (more...)
Sonam Kapoor Leaves For Cannes 2018, Spotted At Airport With Anand Ahuja Sonam Kapoor Leaves For Cannes 2018, Spotted At Airport With Anand Ahuja
- May 14, 2018

For her, keeping up with a calendar filled with engagements all whilst looking glamorous is easy- Sonam Kapoor never disappoints and keeps things lively just like it's any other day! In fact, this time around, even her stylist sister Rhea Kapoor is also not there with her at Cannes , since she's busy with the post production of their upcoming film - Veere Di Wedding . (more...)
Japan Airlines confirms launch of new budget airline Japan Airlines confirms launch of new budget airline
- May 14, 2018

While the new airline's name has not been decided (or at least announced) yet, it has become clear that Japan Airlines aims to start the new airline's operations during the 2020 summer schedule - or roughly two years from now. JAL's announcement of the new carrier follows a report in Bloomberg last week quoting a senior executive who said that the premium carrier was analyzing launching a new low-priced unit. (more...)
Chipotle Manager Accused of Stealing $600 Awarded $8M In Wrongful Termination Suit Chipotle Manager Accused of Stealing $600 Awarded $8M In Wrongful Termination Suit
- May 14, 2018

Jeanette Ortiz was initially accused of having stolen $626 in cash from a safe at a Fresno location. Former Chipotle manager Jeanette Ortiz was awarded almost $8 million in damages by a California jury for wrongful termination on May 10, and the jury was back in court Monday to determine if any further punitive damages are necessary. (more...)
India's Wholesale Inflation Rate Rises To 3.18% In April India's Wholesale Inflation Rate Rises To 3.18% In April
- May 14, 2018

Similarly, the inflation in the fruit basket was higher at 9.65% compared to 5.78% in the previous month. Wholesale inflation rate, measured by Wholesale Price Index ( WPI ), is a marker for price movements in bulk buys for traders and reflects the trends in shop-end prices approximately. (more...)
Will Trump turn out to be right about Iran? Will Trump turn out to be right about Iran?
- May 14, 2018

He said Iran would attempt to save the nuclear deal through negotiations with the European nations who were co-signatories to the deal. The administration says the lifting of sanctions as part of the nuclear pact had allowed Iran to build up its military, with Trump claiming on Saturday that Tehran's defense spending had risen by 40 percent since 2015. (more...)
Victoria to introduce lowest consumption tax in Australia Victoria to introduce lowest consumption tax in Australia
- May 14, 2018

Responsible Wagering Australia , which represents the majority of corporate bookies in Australia, has hit out at the Victorian government's decision. Racing Victoria chief executive Giles Thompson said the industry relied on income from wagering service providers, and welcomed Mr Pallas's promise to review the impact of the tax within the first 18 months of operation. (more...)
Acquires 676 Shares of Amazon.com (NASDAQ:AMZN)
- May 14, 2018

The stock decreased 0.80% or $0.03 during the last trading session, reaching $3.72. About 18,243 shares traded or 16.01% up from the average. It has outperformed by 64.83% the S&P500. TrueNorth Inc. grew its position in shares of Amazon.com by 6.3% during the 3rd quarter. (NASDAQ: AMZN ) for 5,000 shares. Toronto Dominion Financial Bank reported 180,367 shares or 0.62% of all its holdings. (more...)
MI gas prices up 7 cents in a week MI gas prices up 7 cents in a week
- May 14, 2018

Jenkins noted that there were a number of factors for the price increases including higher demanded with the start of summer looming, less supply, tensions with Iran and the highest oil prices in four year. For live fuel price averages, visit fuelinsights.gasbuddy.com . GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. (more...)
OPEC says global oil glut almost gone as output ticks up slightly OPEC says global oil glut almost gone as output ticks up slightly
- May 14, 2018

West Texas Intermediate crude for June delivery traded 24 cents lower at $70.46 a barrel on the New York Mercantile Exchange at 2:37 p.m.in Singapore. Better-than-expected data from Asia, including India and Latin America, also prompted OPEC to revise oil demand growth in non-OECD nations higher. Higher production in Saudi Arabia and Algeria was partially offset by decreased crude oil production, mainly in Venezuela, Gabon and Nigeria, said the report. (more...)
CBS Sues Controlling Shareholder National Amusements, Accuses Shari Redstone Of Undermining Board CBS Sues Controlling Shareholder National Amusements, Accuses Shari Redstone Of Undermining Board
- May 14, 2018

Redstone has been pushing CBS Corporation and its sister media company, Viacom, to merge. CBS officials said in a lawsuit that Shari Redstone, a current director, has threatened to remove some of her colleagues to facilitate a combination between the network and National Amusements Inc., Redstone's company that owns Viacom. (more...)
Worldwide bank HSBC performs first blockchain trade finance transfer Worldwide bank HSBC performs first blockchain trade finance transfer
- May 14, 2018

LoCs are the widely used way of financing between importers and exporters, helping guarantee more than $2 trillion worth of transactions, but the process creates a long paper trail and takes between five and 10 days to exchange documentation. (more...)
AirAsia CEO Tony Fernandes Apologizes for Malaysia Election Video AirAsia CEO Tony Fernandes Apologizes for Malaysia Election Video
- May 14, 2018

He said he was merely one player in a highly-regulated industry where almost everything requires government approval. "I have been under pressure many many times before". In response, Mavcom said in a statement today that it would investigate the matter, saying it considers the allegation "serious". He said that he had foolishly thought that his video, which he felt was fairly neutral and factual, "would appease the government and protect the jobs" of AirAsia staff. (more...)
British Gas still losing customers amid fierce competition British Gas still losing customers amid fierce competition
- May 14, 2018

The British Gas owner also continues to expect to pay a full-year dividend of 12.0p per share. The UK's biggest energy supplier had its busiest ever week for boiler repairs during the cold weather in February and March, leading to callout costs that will drive its services unit's first-half profits down compared with a year ago. (more...)
Oil near multi-year highs as Iran sanctions tighten supply outlook Oil near multi-year highs as Iran sanctions tighten supply outlook
- May 14, 2018

Sanctions come amid an oil market that has already been tightening due to strong demand, especially in Asia, and as top exporter Saudi Arabia and top producer Russian Federation have led efforts since 2017 to withhold oil supplies to prop up prices. (more...)

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