• Crude Oil Price Steady Following Inventory Report
Crude Oil Price Steady Following Inventory Report

On Thursday, Trump linked American support for Middle Eastern countries to oil prices as he again urged OPEC to lower prices. Oil prices have increased from about $50 a barrel last September to more than $70 a barrel today, with a rebalancing of supply and demand in the market as well as major weather and geopolitical events playing a part.

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  • Oil prices fall as economic concerns counter tightening supplies
Oil prices fall as economic concerns counter tightening supplies

USA crude oil production in 2018 is expected to grow 1.31 million barrels per day to 10.66 million bpd, little changed from EIA's previous forecast. In addition, the European Union, which had previously joined the U.S.in targeting Iranian oil exports in 2012, has shown its unwillingness to follow Washington's lead this time around, openly vowi...

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  • Bank of Baroda-Vijaya-Dena merger: Gainers, losers, swap ratio and more
Bank of Baroda-Vijaya-Dena merger: Gainers, losers, swap ratio and more

The merged entity will have total assets of more than Rs 14 lakh crore. "Alternative mechanism under Finance Minister, Arun Jaitley suggests bankofbaroda, VijayaBankIndia & dena_bank to consider amalgamation; to create India's 3rd largest globally competitive bank", he tweeted on Monday evening.

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  • Coke Considering Cannabis Drinks
Coke Considering Cannabis Drinks

It is the non-psychoactive chemical component of marijuana used for medicinal goal which doesn't produce the high that usually comes from tetrahydrocannabinol (THC). The company declined to comment on additional speculation. Two weeks later, spirits company Constellation Brands announced a new $4 billion in investment in Canada's Canopy Growt...

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  • Trump raises stakes with new round of China tariffs
Trump raises stakes with new round of China tariffs

Collection of tariffs on the long-anticipated list will start on September 24, but the rate will increase to 25 per cent by the end of this year. Beijing has said it will swiftly retaliate against American exporters - a move that stands to hurt United States farmers and other companies that sell their products to China .

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  • Amazon founder pledges $2b for the homeless
Amazon founder pledges $2b for the homeless

Bezos, whose companies are a frequent target of Trump's criticism, didn't mention Trump by name but assailed the president's attacks on the media. Jeff Bezos, founder and CEO of Amazon , was named the richest man in modern history when his fortune hit the US$150 billion mark in July.

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  • India reducing oil from Iran ahead of U.S. sanctions
India reducing oil from Iran ahead of U.S. sanctions

Secretary of State Michael Pompeo was going to announce new sanctions on Iran . " Russia and Saudi Arabia claim they seek to balance the global oil market, but they are trying to take over a part of Iran's share", Iran's governor of the Organization of the Petroleum Exporting Countries , Hossein Kazempour Ardebili, was quoted as saying b...

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  • US, Canada still have work to do on NAFTA
US, Canada still have work to do on NAFTA

Chrystia Freeland , Canada's foreign minister, returned to Washington on Tuesday for talks with U.S. Trade Representative Robert Lighthizer . "Our officials are meeting now and will be meeting until very late tonight". "Nafta has been the worst trade deal ever". Canada's main stock market started the week down for seventh-straight day amid a...

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  • Apple may be working on an always-on mode for Apple Watch
Apple may be working on an always-on mode for Apple Watch

The report states that screen burn-in is a known issue with OLED displays as it occurs over a period of time when the same assortment of pixels is kept on for significantly long amounts of time. For Apple fans, it is common knowledge that the brand will be hosting an event on September 12 to announce their upcoming range of iPhones. Now, so...

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  • Petrol Touches Rs.90.11 In This City
Petrol Touches Rs.90.11 In This City

In Mumbai, the price of petrol rose to Rs 88.26 per litre today - an increase of 14 paise. AAP leaders staged a protest at Delhi's Jantar Mantar against the fuel price hike . Rajasthan, Tamil Nadu and Assam, all of which have a higher sales tax on petrol, have a lower petrol price than Kerala. Nearly half of the retail selling price of the two f...

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  • Obama lashes out at Trump and 'radical' Republicans
Obama lashes out at Trump and 'radical' Republicans

They aren't accountable."They're not doing us a service by actively promoting 90 per cent of the insane stuff that's coming out of this White House and then saying, 'Don't worry, we're preventing the other 10 per cent.' That's not how things are supposed to work.

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  • Tesla shares reel as executives quit and CEO smokes pot on webcast
Tesla shares reel as executives quit and CEO smokes pot on webcast

But that's not it. On Friday, Tesla's chief accounting officer unexpectedly resigned after a month on the job - leaving a hole in the embattled company's management. For former Tesla production employee Crystal Guardado, the image of Musk enveloped in a cloud of smoke was particularly jarring, because she says the company fired her in past ...

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  • Apple can avoid tariffs by shifting production to U.S
Apple can avoid tariffs by shifting production to U.S

A package of tariffs worth $200bn is close to being imposed on Chinese imports to the United States and Trump's latest suggested round - which would be worth $267bn - would sharply escalate Trump's trade war with China . Sherill Mosee, founder of MinkeeBlue, a Philadelphia company that makes travel and work bags, said that her four-year-old busine...

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  • British Airways website compromised, customer data stolen
British Airways website compromised, customer data stolen

Any claims from customers impacted by the breach will be managed on a case-by-case basis, British Airways explains on its data theft incident report website (link below). We take the protection of our customers' data seriously and are very sorry for the concern that this criminal activity has caused. In June, more than 2,000 British Airways pas...

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  • Crude oil futures stable on Russian data ahead of United States stocks report
Crude oil futures stable on Russian data ahead of United States stocks report

The Brent crude oil - the worldwide benchmark for oil prices - was trading at $78.01 per barrel, however, closed trading at $79.38 per barrel. Local refiners are finding it increasingly hard to maintain their Iranian oil imports without USA exemptions, as the companies will need to halt imports and clear transactions before the sanctions sn...

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  • Uhuru Leaves to Attend China-Africa Forum in Beijing
Uhuru Leaves to Attend China-Africa Forum in Beijing

According to data from John Hopkins University's China Africa Research Initiative, China has already loaned around $125 billion to the continent between 2000 and 2016. In an editorial, the paper said that the West just had "sour grapes" over China's good relations with Africa. In July 2001, a FOCAC ministerial consultation meeting was held in Lus...

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  • NAFTA negotiations continue in Washington as Friday goal nears
NAFTA negotiations continue in Washington as Friday goal nears

Trade Representative Robert Lighthizer. She and U.S. Trade Representative Robert Lighthizer had agreed to review progress early on August 30. These are expected to continue for Mexico despite the new trade deal between the two countries.

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  • Trump Announces New U.S.-Mexico Trade Agreement
Trump Announces New U.S.-Mexico Trade Agreement

The United States Trade Representative said only that they've reached a "preliminary agreement in principle, subject to finalization and implementation". ambassador to Canada. But a deal without Canada could be harder than he thinks, experts say. The draft deal reached by the United States and Mexico boosted American stocks to record highs ...

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  • Treasury’s Mnuchin Hopeful Trade Deal With Canada Will Get Done
Treasury’s Mnuchin Hopeful Trade Deal With Canada Will Get Done

At the same time, President Donald Trump threatened to keep Canada , the third member of NAFTA , out of any new trade agreement. The three countries are now part of the North American Free Trade Agreement, and U.S. The sides also agreed that 40-45 percent of cars must be made at "high wage" factories where workers receive $16 an hour in ord...

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  • Mexico says pushing for NAFTA deal as soon as possible
Mexico says pushing for NAFTA deal as soon as possible

For several weeks, Canada's team has been expected to rejoin the talks in Washington, but its anticipated return has been delayed and it remains unclear when it will be invited back. Yet certain US demands that affect all three NAFTA nations remain unresolved and could still be deal breakers. Overhauling the agreement was a key promise of his e...

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  • Steady rate hikes protect U.S. recovery: Fed chief
Steady rate hikes protect U.S. recovery: Fed chief

The Fed has been coming to Jackson Hole since 1981. "I'm not thrilled with his raising of interest rates , no". Without taking on the president's criticism directly, Powell stuck to his guns at the meeting of central bankers and academics from around the world, which is regarded as a key event for the world economy.

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  • Firefighters: Verizon slowed mobile web speeds during Mendocino blaze
Firefighters: Verizon slowed mobile web speeds during Mendocino blaze

In an August 20 court filing, Santa Clara County Fire Chief Anthony Bowden said his department relies on internet services to keep track of fast-moving fires and coordinate resources and efforts among emergency personnel. This truck uses a Verizon SIM card for internet service and found this connectivity throttled from peaks of 50Mbps to 30kbps i...

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  • Oil prices jump following large draw report on USA crude oil inventories
Oil prices jump following large draw report on USA crude oil inventories

The crude oil futures prices in NY went up by 1.2% as the USA government offered 11 million barrels of oil as a part of the regular draw-down schedule. US light crude was 3 cents lower at $67.83 a barrel. Iran , a member of the Organization of the Petroleum Exporting Countries (Opec) and Opec's third-largest oil producer , said earlier this...

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  • Sears close 46 unprofitable stores, two located in Portland area
Sears close 46 unprofitable stores, two located in Portland area

Liquidation sales at the stores may start as early as Thursday, Aug. 30. Sears disclosed its latest round of store closings as it considers an offer from its Eddie Lampert, its CEO and biggest shareholder, to buy its Kenmore household appliances brand for $400 million.

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  • Britain to US, Europe: 'Go further' to counter Russia
Britain to US, Europe: 'Go further' to counter Russia

Amid increasingly tense U.S. -Russia relations marked by alleged Russian meddling in the 2016 U.S. elections, most Americans believe it is more important to improve relations with Russia , rather than taking strong steps against it. sanctions on Russian Federation if Moscow took some actions in such areas as Syria or Ukraine. Moscow has repeat...

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