Harvey: Why oil prices are falling, not spiking

Harvey: Why oil prices are falling, not spiking

31.08.2017

Harvey struck the Texas coast as a Category 4 hurricane on Friday, but was later downgraded to a tropical storm. But gasoline futures, which reflect wholesale prices and eventually trickle down to consumers, have started to spike again. The Energy Department has said repeatedly it stands ready to provide assistance "as deemed necessary" to release crude from the reserve. That means the USA has 61 percent more oil stockpiled than in the summer of 2008 before Hurricane Ike and 52 percent ...

Cory Bernardi claims marriage equality is a 'Trojan Horse'

Cory Bernardi claims marriage equality is a 'Trojan Horse'

31.08.2017

More often called a referendum (in the United Kingdom at least), the plebiscite is being held as a non-binding postal vote Down Under, asking Aussies to vote for or against marriage equality in the country. "I am concerned that they will be considered the odd one out if they haven't tried these experiences". "We understand this is a matter of civil marriage laws".

Note ban served its goal, next step to cleanse political funding: Jaitley

Note ban served its goal, next step to cleanse political funding: Jaitley

31.08.2017

Addressing the media at the release of RBI's Annual Report on 2016-17, Jaitley elaborated on the major "objectives" of the demonetisation move that was introduced in November 2016. The report says about 99 percent of banned currency due to demonitisation are back to the banking system. "With the ownership established, it will also be easier to keep a check on tax evasion, and carry out raids as required", he added.

Auto Trader Group (LON:AUTO) New Price Targets

Auto Trader Group (LON:AUTO) New Price Targets

31.08.2017

Melrose Industries PLC (LON:MRO) has 0.00% since August 31, 2016 and is. Nine Chapters Mgmt Limited Liability Corporation invested in 23,500 shares. California Pub Employees Retirement Sys reported 2.87 million shares. Morses Club Plc had 37 analyst reports since July 5, 2016 according to SRatingsIntel. Goldman Sachs initiated the shares of MRO in report on Wednesday, August 2 with "Buy" rating.

Nation's Largest Refinery Scales Back Output as Harvey Rages

Nation's Largest Refinery Scales Back Output as Harvey Rages

31.08.2017

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October CLV7, -0.60% were recently down 8 cents, or 0.2%, at $46.36 a barrel in the Globex electronic session while September gasoline futures RBU7, +3.13% rose about 3% to $1.84 a gallon.

Key Indian equity market indices open flat

Key Indian equity market indices open flat

31.08.2017

Indian stock markets opened higher today snapping the yesterday's major slump of above 1% in both the benchmark indices. The Dow Jones Industrial Average rose 27.06 points, or 0.12 per cent, to end at 21,892.43, the S&P 500 gained 11.29 points, or 0.46 per cent, to 2,457.59 and the Nasdaq Composite added 66.42 points, or 1.05 per cent, to 6,368.31.

Now, Bird Group shows interest in AI

Now, Bird Group shows interest in AI

31.08.2017

Delhi-based Bird Group has expressed interest in acquiring Air India Air Transport Services Limited (AIATSL), the ground-handling subsidiary of Air India as the Government goes ahead with the disinvestment of the national carrier. The demerger and strategic divestment of three profit making subsidiaries, the quantum of divestment and the universe of bidders will also be taken up by the ministerial group which is headed by Jaitley.

Qantas to drop Dubai under renewed Emirates pact

Qantas to drop Dubai under renewed Emirates pact

31.08.2017

Qantas chief executive Alan Joyce. Including flights from Brisbane and Perth that fly to Singapore, Qantas will operate 49 weekly services in total from Singapore to Australia and London, with a total of over 17,600 one-way seats each week.

Toshiba Miss Deadline For Chip Business Deal

Toshiba Miss Deadline For Chip Business Deal

31.08.2017

Samsung produces some of the company's A-series processors alongside other chips for the iPhone, iPad and other devices. Toshiba has been forced to sell its prized memory chip unit following heavy losses at its U.S. A Bain-led group had previously been chosen by Toshiba as its preferred bidder. Toshiba Corporation (TOKYO:6502) (Toshiba) is in continuing negotiations with three consortia of potential purchasers of Toshiba Memory Corporation (TMC): the Innovation Network Corporation of ...

Why September Gasoline Futures Hit a 2-Year High

Why September Gasoline Futures Hit a 2-Year High

31.08.2017

Now, this week's hurricane Harvey has pushed that spread higher as it batters the important Texas coast and Louisiana. "The U.S. oil production landscape has moved more onshore essentially, away from the Gulf of Mexico". "It has to come from Asia even". Refiners in the Gulf supply the U.S. East Coast with much of its fuel, shipping gasoline and diesel through pipelines that stretch thousands of miles.