Markets
US Begins Importing Iraqi Oil After Saudis Cut Exports
According to the Financial Times , the sharp fall in oil prices was due to the Energy Information Administration (EIA) reporting U.S. inventories had increased 3.3 million barrels to 513.2 million barrels, countering estimates of a decline of similar size in its weekly report. [Full Article...]
Till Vestring Sells 25000 Shares of Inchcape plc (INCH) Stock
About 244,090 shares traded. With 4.91 million avg volume, 2 days are for Lloyds Banking Group Plc (NYSE:LYG)'s short sellers to cover LYG's short positions. Piper Jaffray upgraded the stock to "Overweight" rating in Monday, April 24 report. The firm has "Overweight" rating by Barclays Capital given on Friday, January 22. [Full Article...]
Toth Financial Advisory Corp Lowers Position in Procter & Gamble Co (PG)
B/E Aerospace Inc now has $6.50 billion valuation. The stock rose 0.46% or $0.4 reaching $88.25. Since March 13, 2017, it had 0 insider buys, and 2 insider sales for $1.10 million activity. Procter & Gamble Company (The) (PG) now has P/E (Price to Earnings) ratio of 24.84 while the company's industry has 78.63 P/E and the sector P/E is 40.77. [Full Article...]
Trump Breaks Twitter Silence to Slam 'Leaker' Comey
Mr Trump's private attorney, Marc Kasowitz, seized on Mr Comey's admission that he had told Mr Trump on multiple occasions that he was not personally under investigation. Mr. Comey had also described Mr. Trump as a liar to which the White House fired back with a rebuttal. The U.S. Department of Labor reported that initial jobless claims decreased by 10,000 to 245,000 in the week ended June 3, ... [Full Article...]
Pound falls after London terror attacks raise political tensions
Meanwhile, the United Kingdom was waking up to a hung parliament after Thursday's snap general election , with the incumbent Conservative Party projected to win 314 seats - down 12 - while Labour was projected to win 261 seats - up 29 - after 645 of 650 constituencies had been counted. [Full Article...]
Qatar crisis explained: 6 ways the row directly affects you
Qatar has called the accusations baseless and have described the measures as a "siege" harmful to ordinary people there. He's not whitewashing their behavior in suddenly calling for the end of Saudi Arabia's blockade. Russia's top diplomat Sergey Lavrov and Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani met in Moscow Saturday. The blockade is also impairing US and other world... [Full Article...]
'No panic yet' after pound hit by election shock
Sterling fell as low as $1.27, down about two and a half cents from its level late on Thursday. "The big picture is that political uncertainty could take weeks or months to be resolved and it is likely to weigh on both financial markets (in particular the pound) and the economy", said Paul Hollingsworth , economist at Capital Economics in London . [Full Article...]
Brazil court weighs president's fate in campaign funds case
In addition to the election controversy, Temer faces a separate probe into alleged obstruction of justice - yet another case related to the vast embezzlement and bribery scheme uncovered throughout Brazilian politics by the so- called "Car Wash" operation. [Full Article...]