Oil steady as high United States output balances crude stock draw

Oil steady as high United States output balances crude stock draw

18.08.2017

Today's inventory report showed United States crude stockpiles declined last week by the largest amount recorded since September. Prices traded at $47.77 before the supply data. A US government auction of offshore oil and gas leases in the Gulf of Mexico drew just $121 million in bids on Wednesday, a 56% drop from a March auction that offered less acreage.

Alliance For American Manufacturing Joins Job Panel Exodus

Alliance For American Manufacturing Joins Job Panel Exodus

18.08.2017

President Donald Trump is saying that "racism is evil" as he condemns the KKK, neo-Nazis and white supremacists as " criminals and thugs ". The latest resignations came after Merck & Co. Kenneth Fraizer, the chief executive of drugmaker Merck and an African-American, said he left the advisory council because of the president's reaction after the violence between white supremacists and counter protesters.

Liberum Capital Reiterates Buy Rating for Compass Group plc (CPG)

Liberum Capital Reiterates Buy Rating for Compass Group plc (CPG)

18.08.2017

Nordea Investment Management Ab, which manages about $37.81 billion US Long portfolio, upped its stake in Petroleo Brasileiro Adr by 45,245 shares to 145,580 shares, valued at $1.28 million in 2016Q4, according to the filing. Macquarie reaffirmed an outperform rating and set a GBX 729 ($9.62) target price on shares of Novae Group Plc in a research note on Tuesday, April 4th.

Chinese President meets top US general

Chinese President meets top US general

18.08.2017

Fang Fenghui. While in Beijing on Tuesday, Chairman of the U.S. Joint Chiefs of Staff Joseph Dunford and his Chinese counterpart signed a military-to-military dialogue mechanism. warships in the South China Sea, and Taiwan, which receives USA military aid and which Beijing considers a rebel island. North Korea has been dominating headlines across the globe for the past few weeks.

CIO Head Resigns From Manufacturing Council: Trump 'Tolerates Bigotry and Domestic Terrorism'

CIO Head Resigns From Manufacturing Council: Trump 'Tolerates Bigotry and Domestic Terrorism'

18.08.2017

Given Trump's tendency to hit back hard against anyone who crosses him, such companies may be especially reluctant to anger the White House. "I can not sit on a council for a President that tolerates bigotry and domestic terrorism; I resign, effective immediately", tweeted Trumka, becoming the fifth member of the council to resign over Trump's response to Charlottesville.

8th CEO Quits Trump Manufacturing Council

8th CEO Quits Trump Manufacturing Council

18.08.2017

The resignations come after Saturday's violent confrontation between white supremacists and counter-protesters in Charlottesville, Virginia . Minutes before, Mr Trump - who sold his candidacy in part by touting his business prowess - had taken to Twitter to condemn "grandstanders" in the business world who have distanced themselves from him.

Benchmark explains why they're suing Uber's Travis Kalanick

Benchmark explains why they're suing Uber's Travis Kalanick

18.08.2017

Despite these claims, many anxious Benchmark's endeavour would tarnish the company's reputation during a crucial overhaul attempt. The group, which includes a founder of Sherpa Capital, Rob Burkle and a partner at Maverick, say they have investors ready to acquire the shares.

TSX May Open Higher As Oil Steadies

TSX May Open Higher As Oil Steadies

18.08.2017

West Texas Intermediate crude September contract was at $46.61 a barrel by 9:00AM ET (1300GMT), down 19 cents, or around 0.41%, at its lowest level since July 25. Brent crude, the global oil benchmark, fell 53 cents, or 1.04%, to $50.27 a barrel on ICE Futures Europe. Traders reacted to a report from Genscape that showed inventories at Cushing , the futures delivery hub, declined more than a million barrels in the week to August 15.

Infosys to consider share buyback proposal

Infosys to consider share buyback proposal

18.08.2017

Shares of Infosys jumped as the company plans to consider share buyback. With an eye on the buyback of shares, city based IT giant Infosys is closing its trading window on bourses from Thursday. The Securities and Exchange Board of India (Sebi) has approved Infosys' and also offered a solution for participation by holders of the company's American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), the Business Standard reported.

Education Funding Unresolved as Illinois House Returns for Vote

Education Funding Unresolved as Illinois House Returns for Vote

18.08.2017

Will Davis (D-Homewood) put Rauner's veto language into a new bill to gauge support. The Illinois Senate voted Sunday to override Gov. Bruce Rauner's amendatory veto of an education funding plan, as schools and parents across the state grapple with uncertainty surrounding the latest showdown in Springfield.