Markets

BNZ to work with those impacted by banking outage

Banking services were restored about five hours after the major outage struck on Saturday , angering NAB customers across Australia. "We're sorry and it's not good enough. Retailers using BNZ eftpos terminals should be able to use them again, as well as people with BNZ eftpos cards, a BNZ spokesperson said. The bank confirmed the problems just after 9am AEST on Saturday morning, however cust... [Full Article...]

Stocks close mixed as oil prices, energy companies fall sharply

Stocks close mixed as oil prices, energy companies fall sharply The S&P 500 banks index .SPXBK fell 0.4 percent after U.S. Treasury yields hit their lowest in three weeks. USA crude tumbled 4 percent to settle at $67.88 a barrel after Saudi Arabia and Russian Federation said they were ready to ease supply curbs that have pushed prices to their highest since 2014. [Full Article...]

Returning to 2016 oil output levels is an option, says Russia's Novak

Returning to 2016 oil output levels is an option, says Russia's Novak Petersburg at Russia's main economic forum. When Opec, Russia and other major producers meet in June "we will do what is necessary" to reassure consumers, the minister added. Prices were also held back by geopolitical concerns, including impeding USA sanctions against Iran, which produces 4% of global oil supplies. At the meeting, the participants considered the possibility of increasing product... [Full Article...]

Recall of Spam and luncheon product due to possible metal

Recall of Spam and luncheon product due to possible metal Some minor oral injuries were suffered from consumption of the recalled products. The recall includes 12 oz. cans of the " Spam Classic " and "Hormel Foods Black Label Luncheon Loaf with best-by date of February 2021". "199N" on the bottom of the can. Anyone concerned about an injury or illness should contact a healthcare provider. The USDA said the recall is listed by the USGA as a Class ... [Full Article...]

Analyst at Wedbush Keeps Paypal Holdings (NASDAQ:PYPL)Stock Rating as a '"Buy"'

Robert W. Baird maintained the shares of PYPL in report on Tuesday, November 28 with "Buy" rating. The firm now has an overweight rating on the credit services provider's stock. Cowen Inc. now owns 11,300 shares of the credit services provider's stock valued at $832,000 after acquiring an additional 6,100 shares during the last quarter. [Full Article...]

Carney: rate rise plans could change in response to 'sharper' Brexit

Carney: rate rise plans could change in response to 'sharper' Brexit Bank of England Governor Mark Carney said plans for improving the behavior of bankers and others in the United Kingdom finance industry are slowly making a difference. It has said it plans to continue raising rates gradually but this month it held off while it waited to see if a slowdown in the economy in early 2018 was temporary due to an unusually cold winter in Britain. [Full Article...]

North Korea committed to denuclearisation

North Korea committed to denuclearisation But on Friday night, Trump tweeted that "very productive talks" about reinstating the summit were underway, and he said that June 12 could still be the date for such a meeting. He also hailed North Korea's response as positive. Defense Secretary Jim Mattis says there is "possibly some good news" about a U.S. In April, Kim and Moon also met for the first time, during which they publicly anno... [Full Article...]

Hormel Foods Recalls Some Canned Pork and Chicken Products

The Food Safety and Inspection Service was notified Friday. The recall includes 12 oz. cans of the "Spam Classic" and "Hormel Foods Black Label Luncheon Loaf with best-by date of February 2021". The products should be thrown away or returned to the place of purchase. The recall was announced after four consumers found metal particles in the product. [Full Article...]


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