• Oil gains after Saudi paves the way for an output cut
Oil gains after Saudi paves the way for an output cut

He was asked if the group should act to stabilise oil prices when it meets with non-Opec member states on December 5 in Vienna, Austria to review the current world supply of oil. "We're kind of back to square one: It must feel like November 2016 to them, a lot", said John Kilduff, a partner at Again Capital Management in NY, referring to the time...

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  • Amazon chooses New York, Northern Virginia for new headquarters
Amazon chooses New York, Northern Virginia for new headquarters

The Washington Post , Wall Street Journal and New York Times all on Monday night reported that Amazon has chosen to divide its second headquarters between Northern Virginia and New York. This story will be updated as more information becomes available . Amazon's decision will likely lead to more foreign visitors, fuel more global flights an...

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  • Saudi to cut oil exports by 500,000 barrels per day in December
Saudi to cut oil exports by 500,000 barrels per day in December

Saudi Arabia and Russian Federation, traditional arch-rivals have since 2016 worked in sync to counter United States shale, joining hands last year to remove a five-year inventory level by undertaking 1.8 million bpd of cuts. U.S. West Texas Intermediate (WTI) crude oil futures were at 60.73 dollars per barrel, up by 54 cents, or 0.9 per cent from...

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  • Fed expected to hike United States interest rates in December as economy strengthens
Fed expected to hike United States interest rates in December as economy strengthens

The U.S. interest rate is now in a range of 2 to 2.25 percent, but the Fed has signaled it wants to gradually raise rates in the coming months to 3 percent or slightly higher. The US economy grew at a 3.5% annual rate in the third quarter, according to data released in late October. Home Depot co-founder Bernie Marcus on the state of the economy,...

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  • Passengers stranded as London-bound Ryanair plane is seized by France
Passengers stranded as London-bound Ryanair plane is seized by France

MailOnline has requested a comment from Ryanair. "They were able to be re-routed to their destination the same evening by another flight from Ryanair with a five-hour delay". Following the decision to ground the plane the debt was paid in under 24 hours. Last month, European Union anti-trust authorities opened an investigation into whether Ryan...

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  • Chinas exports to USA tick up as traders try to beat tariffs
Chinas exports to USA tick up as traders try to beat tariffs

China's global exports rose 12.6 percent to $217.3 billion in October, down from September's 14.5 percent growth. Despite several rounds of USA duties this year, China's exports have been surprisingly resilient as firms ramp up shipments before stiffer US tariffs go into effect.

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  • Cuomo administration plans to ban flavored e-cigarettes
Cuomo administration plans to ban flavored e-cigarettes

As soon as next week, FDA Commissioner Scott Gottlieb is poised to announce bans on sales of most flavored e-cigarettes at tens of thousands of convenience stores and gas stations across the country, according to The Washington Post , in an attempt to curb the epidemic from growing.

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  • Alibaba Singles' Day tops US$30 billion but growth rate plunges
Alibaba Singles' Day tops US$30 billion but growth rate plunges

Singles Day began as a spoof event celebrated by unattached Chinese university students in the 1990s, countering Valentine's Day. While sales growth remains steady, Alibaba's stock has dropped 16 percent this year amid economic uncertainties linked to brewing trade tensions between China and the United States.

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  • Modi govt not seeking Rs 3.6 lakh crore from RBI
Modi govt not seeking Rs 3.6 lakh crore from RBI

On Friday, Economic Affairs Secretary Subhash Chandra Garg said in a tweet, "Proposal under discussion is to fix appropriate economic capital framework of RBI ". "They hardly have the understanding of the central Banks's role and function", he said. In such cases the treasury may, explicitly or implicitly, condition the recapitalisation of the c...

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  • LA 2018: All-New Mazda 3 To Premiere - New Engine, New Platform
LA 2018: All-New Mazda 3 To Premiere - New Engine, New Platform

The 2018 Los Angeles Auto Show is just around the corner and, as always, it promises some interesting new products. A new teaser image of the 2019 Mazda3 has been released. It may mean that diesel era comes to its end for Mazda . We assume the reference to the new SKYACTIV engines means Mazda finally has their SKYACTIV-X engine ready f...

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  • Fears For Bombardier Jobs In Northern Ireland
Fears For Bombardier Jobs In Northern Ireland

In a news release reporting its third quarter financial results, the company said the reduction in staff will take place across the organization over the next 12 to 18 months, "leading to annualized savings of approximately $250 million at full run rate, which we expect by 2021".

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  • Flight attendant breastfeeds passenger's baby
Flight attendant breastfeeds passenger's baby

Organo, who has been a flight attendant with Philippine Airlines for four years, Yahoo Lifestyle reported, felt the need to help the desperate mother. Breastfeeding has numerous health benefits for babies. "I breastfed a stranger's baby inflight", she said. Organo, was on the flight as the final check to be qualified as a Cabin Crew Evalu...

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  • Walmart Black Friday Ad 2018: 10 Top Deals to Expect
Walmart Black Friday Ad 2018: 10 Top Deals to Expect

Meanwhile, the in-store event will begin at 6 p.m. local time on Thanksgiving Day. Starting online at 10 PM ET on November 21, and expanding to brick and mortar stores the following day at 6 PM, all the hottest smartphones in the United States are getting massive discounts.

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  • United Kingdom junior transport minister quits over 'terrible mistake' of Brexit deal
United Kingdom junior transport minister quits over 'terrible mistake' of Brexit deal

In a tweet, Boris said he had "boundless admiration" for his brother and that they are "united in dismay" at the indefensibility of May's position even though they disagree over Brexit. It is a surrender of control. "My brother Boris.is as unhappy with the government's proposals as I am", he said. Calling for a new referendum, Mr Johnson sa...

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  • Montana judge blocks contruction of Keystone XL pipeline
Montana judge blocks contruction of Keystone XL pipeline

Thursday's ruling deals a major blow to President Donald Trump and the oil industry. The administration is appealing numerous rulings and may appeal Thursday's decision as well. Environmental and indigenous groups sued TransCanada and the State Department in March to halt the project. Construction on the United States section was due to b...

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  • Tesla names Robyn Denholm as Chairman to replace Elon Musk
Tesla names Robyn Denholm as Chairman to replace Elon Musk

In the settlement, the SEC pulled back from its demand that Musk, who is synonymous with the Tesla brand, be barred from running Tesla, a sanction that many investors said would be disastrous. As part of Musk's settlement with the SEC, Tesla also has to monitor his Twitter posts if they relate to the firm. Tesla, which has never reported an ann...

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  • Airline passengers create stink over durian cargo, Latest World News
Airline passengers create stink over durian cargo, Latest World News

A journalist with the local Antara news agency reported that several passengers began arguing with flight attendants and nearly came to physical blows, said Australia's ABC news. The thorny durian is a delicacy in much of Asia but also controversial - you either love it or hate it. Food writer Richard Sterling has described its odor as "turpent...

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  • Democrats hopes high for taking power, but nothing certain
Democrats hopes high for taking power, but nothing certain

Democrats needed to pick up two dozen seats to seize the House majority and two seats to control the Senate. But Democrats are hoping to take control of at least the House of Representatives, giving them the opportunity to derail Trump's legislative agenda, and give them power to expand investigations into his personal and professional conduct.

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  • Trump administration officially restores Iran sanctions
Trump administration officially restores Iran sanctions

In addition to hundreds of Obama-era sanctions being reinstated, the measures kicking in on Monday also expand the range of targets for U.S. punishment. The United States again restricted Iran's oil and financial industry on Monday. He added, "We have iron will to counter sanctions ". Pompeo listed eight places that will enjoy temporary wa...

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  • Amazon in 'advanced talks' to open headquarters in Washington DC area
Amazon in 'advanced talks' to open headquarters in Washington DC area

Speculation is also building that an announcement about which city will get HQ2 could come this month after Tuesday's midterm elections, according to the Washington Post story. The Walsh administration previous year submitted the Suffolk Downs site in East Boston as the "perfect match" for Amazon's second headquarters. Amazon declined to commen...

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