Markets
Saudi says all "on board" to extend oil cuts for 9 months
Despite the agreement, oil prices have lingered below US$55 a barrel. "We believe that continuation with the same level of cuts, plus eventually adding one or two small producers. Saudi Arabian production in April average 9.97 million barrels per day, almost 1 percent below its quota under the multilateral deal. "While most expect production cuts to be extended until March 2018, I think it's mor... [Full Article...]
Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018
Overall global oil supply fell by 140,000 b/d in April to 96.17 million b/d, "as non-OPEC, and especially Canada, pumped less, with production down 90,000 b/d from the same period past year", it said. Non-OPEC oil production dropped by 255,000 b/d in April, as producers subject to the output cut agreement stepped up compliance and Canadian oil sands output slipped on unscheduled shutdowns. [Full Article...]
Check Out The Ultimate Growth Story: Marathon Oil Corporation (MRO)
Global X Management Co. Ltd. boosted its position in Marathon Oil by 5.7% in the third quarter. World Asset Management Inc now owns 60,769 shares of the oil and gas company's stock worth $2,467,000 after buying an additional 976 shares in the last quarter. [Full Article...]
Corbyn: Labour won't hit £80000 earners with immediate income tax hike
The polls show Labour is more trusted by voters on the NHS, education and housing, while the Conservatives are preferred on issues including the economy, immigration, law and tax. Labour sems to have enjoyed a jump in support after its manifesto launch, gaining eight points in the latest Ipsos MORI/Evening Standard poll. A YouGov poll on May 12 said 31 per cent would vote Labour . [Full Article...]
US President Trump arrives in Saudi Arabia
President Donald Trump was lavished with extravagant royal pomp here Saturday during his first stop overseas as President, an elaborate start to a trip meant to bolster global partnerships but which aides now hope can reset a scandal-pocked narrative back home. [Full Article...]
ExOne Co (NASDAQ:XONE), Incyte Corporation (NASDAQ:INCY)
Finally, Mitsubishi UFJ Kokusai Asset Management Co. Other analysts have also issued research reports about the company. LLC raised its stake in Incyte by 8.9% in the fourth quarter. Basically, a price target is an individual analyst's projection on the future price of a stock. The bigger the return, the more efficient management is in utilizing its asset base. [Full Article...]
Boston Scientific Sees Unusually High Options Volume (BSX)
Diamond Hill Capital Management Inc. now owns 3,361,258 shares of the medical equipment provider's stock worth $83,594,000 after buying an additional 9,850 shares during the last quarter. now owns 46,076,366 shares of the medical equipment provider's stock valued at $1,097,409,000 after buying an additional 202,502 shares during the period. [Full Article...]
Trump Administration Wants to Start Process of Renegotiating NAFTA
With a letter to US lawmakers on Thursday, US Trade Representative Robert Lighthizer triggered a 90-day consultation period with Congress, and representatives of industries to renegotiate NAFTA - one of the world's biggest trading blocs. [Full Article...]