Money

IEA Lowers 2020 Oil Demand Forecast; Cites Weak Aviation Sector

MORE NEWS THIS CATEGORIES

Theresa May Visits Tokyo Amid North Korea Tension And Brexit Fears

Her hold on the leadership has been fragile since her decision to hold a snap general election which resulted in the Conservatives losing their Commons majority...

Exxon discloses refinery emissions as storm hits Gulf Coast

The flooding has interrupted about 16% of US refining capacity, which translates to about 785,000 gallons of gas lost each day, Goldman Sachs analysts wrote in ...

Europe gasoline exports set to surge on Harvey outages

Analysts said Harvey has had tragic effects on Texas and further heavy rain and floods could increase refining outages, tightening product and crude markets. ...

Energy Sec. Perry Taps US Petroleum Reserves

The shutdowns led the USA government to tap its strategic oil reserves for the first time in five years on Thursday, releasing 500,000 barrels of crude to a wor...

Wells Fargo increases estimate for number of fake accounts to 3.5m

Elizabeth Warren (D-Mass.) called for a criminal investigation of then-CEO John Stumpf, who resigned shortly after with a $133 million paycheck . Brick & Kyle...

Gasoline Prices Up After Harvey Wrecks Texas Refineries

Brent oil, the worldwide crude benchmark, was down $1.07, or 2 percent, at $50.93 a barrel at 1:45 p.m. EDT (1745 GMT). Brent crude is now at $52.35 a barrel ...

Theresa May insists she will fight the next general election

She met Japanese Prime Minister Shinzo Abe on Wednesday in Kyoto, the ancient capital of Japan . But businesses have voiced concern about how existing tr...

Hurricane Harvey: Support Red Cross Efforts

The organizations supplies blood to hospitals in north, central and east Texas. That combined amount includes money to organizations such as The American Red C...

Chaiken Money Flow For HSS Hire Group PLC (HSS.L) Above Zero

The rating was maintained by Liberum Capital on Wednesday, June 28 with "Buy". Evercore downgraded the stock to "In-Line" rating in Wednesday, June 21 report. A...

Eurozone inflation creeps up, unemployment lowest since 2009

Eurostat also reported Thursday that the core rate, which strips out potentially volatile items such as food and energy, was unchanged at 1.2 percent, a sign of...

Major Pipeline shuts down due to Hurricane Harvey

Colonial Pipeline officials said 13 of the 26 refineries that supply gasoline to the pipelines are between Lake Charles, La., and Houston and were impacted by ...

Texas crude oil production up 3 percent before Harvey slowdown

More refinery closures were expected, as parts of Texas have received more than four feet of rain. During early morning runs for gasoline on August 29, North ...

Canadian companies hunker down US Gulf Coast operations to wait out Harvey

That could translate into more oil going into storage in the U.S. Midwest, which could mean temporarily lower prices. Oil prices need a so-called Goldilocks num...

Oil prices decline on Harvey concerns

It isn't yet clear whether plants in the Houston area have sustained heavy damage or if they will be able to ramp up relatively quickly once the storm passes....

Smart Vision EQ ForTwo Concept May be the Future of Car Sharing

The Vision EQ ForTwo fleet that Daimler envisions would use "swarm intelligence" to concentrate in areas of high demand, helping to shorten pick-up times and im...

GDP growth slips to 5.7% in April-June

The chamber cautioned the government that further downward risks to the growth still prevail in the form of rising crude oil prices due to the Gulf crisis and i...

How to help the victims of Hurricane Harvey

Scott Salemme, CEO of the Greater Chesapeake Region Red Cross , said the disaster from what was Hurricane Harvey is comparable to Hurricane Katrina. Over a t...

Qantas To Extend Emirates Partnership

Now our de facto national carrier has announced that it will reroute its daily, and prestigious, Sydney to London A380 service to fly via Singapore instead of D...

No breakthrough for Toshiba, Western Digital on memory unit sale

At its board meeting earlier in the day, Toshiba was expected to agree to enter exclusive talks with the consortium, which includes USA private equity firm Ko...

India floods: Toddlers killed in Mumbai rains

The city gauged a whopping 298 mm of rainfall, the highest in a day in August since 1997. Children were sent home early from school. Expressing concern over t...

Six people killed in India due to floods

It is also the highest rainfall in a day in August since 1997. Children were sent home early from school. Weather officials predict heavy seasonal monsoon ra...

Will US Gasoline Demand Impact Gasoline and Crude Oil Futures?

Brent crude futures were down 6 cents, at $51.94 a barrel. In addition to shutting oil refineries, about 1.4 million bpd of USA crude production has been dis...

Shame on you, Chidambaram tells RBI after it releases note ban data

Samajwadi Party leader Naresh Agarwal said his party would move a privilege motion against RBI Governor Urjit Patel for misleading a parliamentary panel on the ...

NJ, NY Republicans Attack TX Colleagues for 'Hypocrisy'

Before Hurricane Harvey hit this weekend, Texas senators Ted Cruz and John Cornyn sent a letter to the president urging him to sign the major disaster...

Goods could face post-Brexit delays at United Kingdom ports

BRC wants the "agreements on security, transit, haulage, drivers, Value-Added Tax and other checks" to avoid a crisis. The figures came as a separate BRC rep...

Hurricane Harvey likely to effect Wisconsin gas prices

Indeed, exports have already increased by about a third this year as the Brent-WTI spread has averaged nearly $4 per barrel, compared to $2 per barrel last ye...

Ryanair boss lets fly over Air Berlin 'stitch-up'

The pugnacious Ryanair boss said awarding Air Berlin to Lufthansa would give Germany's flagship carrier control over "95 per cent of the domestic market". Micha...

Chico's FAS, Inc. (NYSE:CHS) Experiences Heavier than Usual Trading Volume

Citigroup Inc now has $182.22 billion valuation. Its down -0.26, from 1.05 in 2016Q3. About 75,938 shares traded. (NYSE: CHS ) has risen 1.08% since August 28, ...

Stores accused of price-gouging in wake of Harvey

Locals are reporting rampant price-gouging across the flood-battered city - including one store selling bottled water for $99 a case. To view the full article...

Dominos Pizza Inc (NYSE:DPZ) Institutional Investors Sentiment Unchanged in Q4 2016

The Volatility 3m of Domino's Pizza, Inc . About 262,434 shares traded. The value of the investment in DPZ increased from $36,712,000 to $62,670,000 increa...

Oil Futures Rebound Some in Asian Trade

In cash trading, the spread between Gulf Coast gasoline prices and benchmark futures rallied further, a day after hitting a five-year high in anticipation of ...

Harvey Shuts Down The Largest Oil Refinery In The US

Nurses said they had water, but not much food or medication. The city of Houston Tuesday night warned residents about imposter Homeland Security agents who ar...

Chemical plant struck by Harvey now apt to explode

The plant said while it does not believe there is imminent danger, the potential for a chemical reaction leading to a fire and /or explosion within the site con...

How high gas prices rise depends on state of refineries

Harvey-driven prices could remain up through September and into October, Casselano and others said, but the determining factor will be the length of time taken ...

Pioneering Cancer Gene Therapy Gets Green Light - And $475000 Price Tag

Novartis ( NVS ) was the first drugmaker to cross the finish line in developing cancer treatments known as CAR-T drugs Wednesday after the Food and Drug Admin...