Business

Author: 0 Oil near flat in strong week for crude

Traders focused on preliminary US production estimates in the weekly Energy Information Administration (EIA) report that suggested domestic output is still climbing. He also said the widening discount of the current Brent crude price to the contract in the next month is "basically telling you the market is not actually that tight".

Author: 0 Canada home resales, prices rise again in March: CREA

Ontario is also expending rent control, which now only applies to units built before November 1991. Over the past ten years, the annual rent increase guideline has averaged two per cent. "Almost the entire province of Ontario's housing market is now on fire, while most of the rest of the country wonders what all the fuss is about", Porter wrote in a research note.

Author: 0 Canadian minister looking forward to Trump trade talks

The Canadian government protects its dairy industry through import tariffs and other measures, and dairy farmers in Canada have recently slashed some of their prices to undercut U.S. State officials and dairy organizations have been working with the affected farmers to find buyers for their milk. "What's really happened is there's been a glut of milk on the market and that's driven down prices", Bonnett said.

Business Recent Trading Alert: Freeport-McMoRan Inc.'s (FCX)
Author: 0 Recent Trading Alert: Freeport-McMoRan Inc.'s (FCX)

Freeport-McMoRan Inc. (NYSE:FCX) Copper has a current market price of 12.75 and the change is 0.24%. The natural resource company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.08.

Author: 0 Ontario Announces 16 Steps to Cool Runaway Toronto House Prices

A survey of TREB members published earlier this year, said that only 4.9 per cent of transactions last year involved foreign buyers. "There's nothing here that gets changed and then that's it. Officials from Canada and its most populous province will meet later on Tuesday, under pressure from voters angry that speculators or foreigners are fueling unsustainable price gains.

Business Pence says United States will honor refugee deal with Australia
Author: 0 Pence says United States will honor refugee deal with Australia

But it's down to Pence to make up with Turnbull on Trump's behalf after their notorious phone call in January when the U.S. president blasted the Australian prime minister over an asylum seeker deal during their first leaders phone call. "It gives us hope for a brighter future, and we are all grateful for the great inspiration that Indonesia provides for the world", the vice president added.

Author: 0 Saudi February crude oil exports drop to 21-month low

US gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.2 percent, to $50.56 a barrel. USA stockpiles and production have cast doubt on whether the cuts were enough. ICE June Brent settled down $1.96 at $52.93/b. "The rebalancing in US crude stocks may have got under way, but concerns about further gasoline builds are rife even as the USA summer driving season ...

Business Can't Order United Kingdom To Return Or Not To Auction Kohinoor
Author: 0 Can't Order United Kingdom To Return Or Not To Auction Kohinoor

Other Justices DY Chandrachud and SK Kaul of the same case bench said that the plea was indifferent which was filed to get properties of another country. "And all the more at a time when the government in its counter affidavit says they are taking steps to bring it back?" a bench led by Chief Justice J S Khehar bench asked lawyers for the petitioners in two PILs.

Author: 0 Oil and natural gas leak from a well in Alaska

The well has been shut in since Friday and the response is ongoing, BP spokeswoman Dawn Patience said by email Sunday. The Alaska Department of Environmental Conservation says the leak was plugged just after 3:30 a.m. Neither injuries nor impacts to the wildlife have been reported. Alyeska Pipeline Service Co.'s Trans-Alaska Pipeline System, which runs from Prudhoe Bay south to Valdez, isn't affected by this incident and is operating normally, Michelle Egan, a company spokeswoman, said by ...

Business Drift analysis says MH370 likely crashed north of search
Author: 0 Drift analysis says MH370 likely crashed north of search

Parts of the missing 777 have washed up along the western coast of Africa, which the ATSB has said is consistent with its previous drift modelling. "The arrival of MH370's flaperon at La Reunion in July 2015 now makes ideal sense", says the CSIRO's Dr David Griffin.

Author: 0 Ontario to tax foreign buyers, expand rent control to cool housing market

The tax would be revenue neutral, she added, aimed squarely at tempering demand. It matches the 15 percent tax the Pacific coast city of Vancouver has implemented. Modelled on British Columbia's " foreign buyers' tax " in Vancouver, the levy would apply to home purchasers in the so-called Greater Golden Horseshoe who are not citizens or permanent residents.

Business NYMEX Crude Oil Prices Made a U-Turn
Author: 0 NYMEX Crude Oil Prices Made a U-Turn

Earlier on Wednesday, the U.S. Energy Information Administration (EIA) said U.S. crude stocks fell 1 million barrels on the week, a bit less than anticipated. They settled 53c lower at $52,65 a barrel. Looking at the latest price reactions, one might conclude that the only reason for the previous price rise was the expectation of further production cuts on the part of OPEC", Commerzbank (Xetra: " CBK100 - news ) strategist Carsten Fritch said.

Business Kevin Durant still questionable for playoff Game 3 Saturday
Author: 0 Kevin Durant still questionable for playoff Game 3 Saturday

After missing five weeks with a knee injury toward the end of the regular season, Durant returned to play just four games before suffering a calf injury. Team with low odds to advance against such a formidable opponent can't show lack of will or effort. While Nurkic remains an unlikely addition to the Blazers lineup, the Warriors could be getting back a major piece.

Author: 0 Oil rises for eighth day on possible extension to Opec's supply cut

Brent for June settlement climbed as much as 28 cents, or 0.5 percent, to $55.52 a barrel on the London-based ICE Futures Europe exchange. Opec and other producers, including Russian Federation, have pledged to cut output by around 1.8 million barrels per day (bpd) during the first half of 2017 in an effort to rein in oversupply and prop up prices.

Author: 0 Behind the visa program loved by tech firms and targeted by Trump

The moves show Trump once again using his power to issue executive orders to try to fulfill promises he made a year ago in his election campaign, in this case to reform USA immigration policies and encourage purchases of American products. Kowalski said that regardless of Trump's policies, he's not surprised that application numbers have declined. Administration officials cited the cases of Infosys, TCS and Cognizant applying for a higher number of visas than required to garner the lion's ...

Business Kansas Regulators Block Purchase Of Westar Energy By Great Plains Energy
Author: 0 Kansas Regulators Block Purchase Of Westar Energy By Great Plains Energy

To view the full article, register now. "What this means to Jane and Joe is that we're going to continue with Westar and KCP&L in the manner that they've done before", said David Nickel, consumer counsel for the Citizens' Utility Ratepayers Board, a state agency representing small businesses and residential customers.

Author: 0 Ontario brings in foreign housing tax to cool Toronto market

Ontario's provincial government on Thursday introduced a 15% tax on property purchases by foreign buyers as part of 16 measures created to cool Toronto's red-hot housing market. As part of the measures, the city of Toronto will have the power to impose a tax on vacant homes - something the mayor of the city lobbied for previously.

Business Atkins agrees £2.1bn takeover by Canadian group
Author: 0 Atkins agrees £2.1bn takeover by Canadian group

The deal will now need to be rubber-stamped by shareholders and is expected to be completed in the third quarter of this year. SNC-Lavalin says the acquisition will create a $9-billion professional services and project management giant with 53,000 employees that will "significantly improve" its margins and "further balance its business portfolio" in infrastructure, rail and nuclear sectors.

Business Census: Young women in US favour jobs outside the home
Author: 0 Census: Young women in US favour jobs outside the home

It seems to be a rite of passage that "young adults" in the US (classified as those between the ages of 18 and 34, per the US Census Bureau) take a bit of guff from the generations that preceded them. Roughly one third of the country's 70 million millennials, people between the ages of 18 and 34, are living at home. The average income for a working young women also increased, from $23,000 to $29,000 in 2015 dollars.

Author: 0 Campaign begins as UK MPs vote for early election

Dr. Rodney Shakespeare made the remarks on Wednesday, after the UK Parliament voted in favor of May's proposal for snap elections a day earlier. May became prime minister without winning an election in July past year following the resignation of David Cameron after millions of Britons went against his advice and voted to leave the EU.

Business Oil expected to reach $65 by end of year
Author: 0 Oil expected to reach $65 by end of year

May output is expected to rise by 123,000 barrels per day to 5.19 million bpd, according to the U.S. Energy Information Administration's drilling productivity report. The Energy Minister of the United Arab Emirates said he saw healthy oil demand growth this year and believed inventories would fall, but it would take more time to rebalance the market.

Author: 0 Donald Trump Celebrates 'America First' Executive Order in Wisconsin

The Office of the US Trade Representative (USTR) has also granted waivers from the primary Buy American rules for all foreign countries that are party to the World Trade Organization (WTO) Agreement on Government Procurement (GPA), as well as for the United States' partners in free trade agreements (FTAs) that include commitments related to government procurement.

Author: 0 How Zuma camp mocked junk status, foreign investors

Protesters are demanding that he quits after a cabinet reshuffle triggered the latest crisis of his presidency. Gordhan was seen as a counterbalance to Zuma , preventing the perception of corruption that has tainted the president's administration from spreading to the treasury.

Author: 0 Paris attack: Police detains family members of gunmen

However, the French government is determined that Paris will not be closed down by these continued terrorist incidents, with the Champs-Elysees boulevard now reported to have been reopened - albeit under tight security controls. The gunman was shot dead at the scene and a pump-action shotgun and knives were found in his vehicle. Asked about the Abu Yusuf Al-Beljiki pseudonym given by ISIS, Jambon said he "is certainly not the guy who committed the crime".

Author: 0 Trump says he will release tax reform package next week

When asked whether inversion rules would be on the table, he said, "It's one of the significant things and one of the things we would be looking at". Ryan has proposed replacing the 35 percent corporate income tax with the 20 percent border-adjusted tax on US companies' domestic sales and imports.

Author: 0 Teacher Who Allegedly Abducted Teen Girl Found

Barry told "Good Morning America" that he became suspicious because "the girl wasn't really looking at me". "This case could have ended very differently, and so I just want you to know the family, from the bottom of their heart, from the bottom of our heart as their representatives, recognizes that Elizabeth is safe because of the help and the prayers and the concern of all the persons I've mentioned", he said .

Author: 0 US Crude Stocks Dip, But Gasoline Inventories Rise

US crude prices were down more than 1 percent at $52.32 a barrel in post-settlement trade after the American Petroleum Institute released its weekly data, indicating that crude stockpiles declined less than analysts had forecast. "Total inventories of crude and products moved to a deficit versus year-ago levels for the first time since August 2014, despite a build in gasoline stocks following refinery runs rising by 241,000 [barrels per day]", said Troy Vincent, oil analyst at ClipperData.

Business Analyst's Report Recap: Philip Morris International Inc. (NYSE:PM)
Author: 0 Analyst's Report Recap: Philip Morris International Inc. (NYSE:PM)

State Street Corp raised its position in Philip Morris International by 1.6% in the fourth quarter. 2,727,698 shares of the company were exchanged. However, Philip Morris was careful to note that the upward movement was due exclusively to a tax-related item and not from fundamental business performance.

Author: 0 Sanders urges Democrats to reach out to Trump supporters

As a part of their " Come Together and Fight Back " tour, Sen. Sanders, who ran as a Democrat against Hillary Clinton but returned to the Senate as an independent, said the Democratic Party must stop ignoring half the nation's states and take on corporate greed on behalf of the working class.

Author: 0 McLaren "barking mad" to let Alonso race at Indy - Horner

Commenting onthe McLaren official website, Button was upbeat about his prospects in a one-off return to Formula 1. Jenson Button, who took a "break" from racing after 2016 but was retained as a McLaren-Honda ambassador will be taking Fernando Alonso's seat at the Formula One Monaco Grand Prix, reports Captain Obvio-er, I mean, Racer .

Business How a single Trump sentence enraged South Korea
Author: 0 How a single Trump sentence enraged South Korea

On Friday, South Korea said it was closely watching North Korea in days ahead because it could "carry out a provocation at any time" around the April 25 anniversary of the founding of the Korean People's Army. He also said China is seriously enforcing its ban, in place since February, on North Korean coal imports, and there have been no violations. USA officials said on Thursday they were aware of a higher-than-usual level of activity by Chinese bomber planes.

Author: 0 After Paris attack, France mobilized for security ahead of elections

Multiple media outlets named the gunman as Karim Cheurfi, a French national and a father of two. A Belgium man wanted in connection with the terrorist attack on Paris' Champs Elysees has turned himself in to authorities in Antwerp. As of Friday morning local time, leading candidates François Fillon, Emmanuel Macron and Marine Le Pen had all canceled campaign events, with Macron citing the extra burden policing political rallies placed on the security services.

Business GE cash flow turns negative in quarter; profit, revenue beat
Author: 0 GE cash flow turns negative in quarter; profit, revenue beat

Baker Ellis Asset Management LLC boosted its position in shares of Portland General Electric Company by 0.5% in the third quarter. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. Revenues fell 0.7% from past year to $27.66 billion, but still beat analysts' view for $26.37 billion. During the same period in the prior year, the firm posted $0.21 EPS.

Business Chevron loses appeal against $260 million Australia tax bill
Author: 0 Chevron loses appeal against $260 million Australia tax bill

The full bench of the Federal Court dismissed the appeal against an earlier ruling that Chevron underpaid taxes by setting up a A$2.5 billion intercompany credit facility with an abnormally high interest rate which effectively lowered its taxable income within Australia.

Author: 0 No one to be fired over forcible removal of passenger

Dao's lawyer said the senior citizen incurred a significant concussion, suffered a broken nose and lost two front teeth in the incident, and that he would likely sue the airline, which also drew scorn after banning two young women wearing yoga trousers from a flight.

Business Orthodox, Catholic Belarusians celebrate Easter
Author: 0 Orthodox, Catholic Belarusians celebrate Easter

The Bible never says celebrate Easter on one specific day. Worshippers turned up in droves for the Easter mass. The world ever remembers the great message of love, sacrifice, forgiveness, compassion and brotherhood, which Lord Jesus Christ gave to humanity.

Author: 0 UC Berkeley Backpedals, Reschedules Ann Coulter's Previously Canceled Talk

Conservative commentator Ann Coulter vowed to proceed with a scheduled speaking event at the University of California, Berkeley , despite the school's decision to call it off. University officials said they had learned that some of the groups that took part in recent clashes planned to target Coulter's appearance. "Arrest me?" she said late Wednesday on the Fox News show "Tucker Carlson Tonight".

Author: 0 Jeremy Corbyn clarifies position and rules out second referendum on Brexit

Brexit has divided both of Britain's main political parties, but Labour is also struggling under Corbyn's leadership, with 172 of his 229 MPs previous year trying unsuccessfully to oust him. He said it was a "rigged system" set up by a "cosy cartel" which he said was "set up by the wealth extractors for the wealth extractors". She said: "The Prime Minister yesterday said she was calling a general election because Parliament was blocking Brexit".

Author: 0 UK lawmakers back prime minister's call for June 8 election

During the weekly session of Prime Minister's Questions in the House of Commons, May accused opposition MPs of trying to thwart the Brexit process. Tony Blair has predicted Theresa May will win a "large majority" in the general election but called for a "movement" of pro-EU voters to prevent her getting a mandate for a "Brexit at any cost".

Author: 0 Zlatan Ibrahimovic to miss rest of season

Fellow academy graduate Tuanzebe was expected to represent England at next month's U20 World Cup, although, with Rojo now joining Chris Smalling and Phil Jones on the sidelines, Mourinho has hinted that he may not travel to Korea after all.

Business Spending bill must have money for wall: Donald Trump budget chief
Author: 0 Spending bill must have money for wall: Donald Trump budget chief

But passing the spending bill next week requires 60 votes in the Senate and Republicans now only have 52. The White House budget director says money for the wall President Donald Trump wants to build along the US border with Mexico must be part of the massive spending bill Congress is preparing.

Author: 0 Anita Hill weighs in on O'Reilly's sexual harassment allegations

It's the top-rated show on the No. 1 cable network - one that, according to the investment bank Nomura's estimates, accounts for fully 20 percent of profits at 21st Century Fox. On Thursday morning, CNN reported that O'Reilly would receive tens of millions as the result of a payout for his firing. When contacted by Steel as she researched her piece, he threatened grave repercussions : "I am coming after you with everything I have".

Business O'Reilly Fans Should Now Watch 'The Late Show', Stephen Colbert Says
Author: 0 O'Reilly Fans Should Now Watch 'The Late Show', Stephen Colbert Says

Television host Bill O'Reilly attends the Hollywood Reporter's 2016 35 Most Powerful People in Media in NY on April 5, 2016. The decision, coming after advertisers had begun to flee his show, ends a more than 20-year career at Fox News for Mr O'Reilly, a best-selling author and one of the most popular commentators on USA television.

Business Weak start for oil prices ahead of data dump
Author: 0 Weak start for oil prices ahead of data dump

The EIA still sees USA crude production averaging 9.2 million barrels a day this year but raised its outlook for 2018 to 9.9 million barrels from 9.7 million in its March report. While the nation isn't a member of OPEC , Russia and 10 other countries joined the group in cutting output from January. OPEC is scheduled to meet on May 25 to discuss whether to extend output cuts of 1.2 million barrels per day for another six months.

Author: 0 10 sidelights of BJP's Meeting at Bhubaneswar

It is crucial for the party to make way in states such as West Bengal, Kerala, Andhra Pradesh, Tamil Nadu and Kerala, where regional parties dominate the political landscape. "He said we need to prepare for a long jump forward to socio-economic development with the year 2022 as the deadline". Rising above party politics and protocol, the Chief Minister should have shown goodwill gesture to the Prime Minister by receiving him at the airport, he said.