Money

Opec deal to speed up oil market recovery, says Saudi

Al Sada didn't identify the countries. Oil extended gains near $46 a barrel after its biggest surge in seven months as OPEC boosted efforts to finalise a deal to cut production agreed at a September meeting in Algiers. The contract dropped 15 cents to US$45.42 a barrel yesterday. The news came shortly after the U.S. Energy Information Administration reported that domestic crude supplies in the week ended November 11 rose by 5.3 million barrels. Read More

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Black Friday tech deals: Making sense of it all

Cincinnati Premium Outlets in Monroe will also open at 6 p.m. on Thanksgiving and stay open until Friday's 10 p.m. closing time. All of them will be offered through the Lightning deals feature. "Our extended holiday hours and popular selection of retailers at each center continue to meet shopper demand", said Shelley Sloan, regional marketing manager for Washington Prime Group. Read More

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Govt effort to end Parliament stalemate fails to take off

Govt effort to end Parliament stalemate fails to take off

Responding to Opposition protest, Union Minister M Venkaiah Naidu said the nation is backing the demonetisation decision. "We want a JPC to probe this", Gandhi said during the protest along with leaders of 12 other opposition parties. "They do not want a discussion here", he said. Narendra Modi also asked the people to give their response which will be directly read by him. "This government will have to go", she said while addressing her second public meeting in the national capital within a ... Read More

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Lufthansa pilot strike forces 1800 flight cancellations

Lufthansa said Thursday that since the strikes were announced in advance, it had managed to notify most passengers so few showed up at airports. In total, over 215,000 passengers will be affected by about 1,800 flight cancellations on the two strike days, causing extensive damage to the interests of the company and customers, Germany's largest airline group said on its website. Read More

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Oil prices rise on falling shale output, renewed hopes of OPEC cut

Oil prices rise on falling shale output, renewed hopes of OPEC cut

Formal data from the U.S. Energy Information Administration is published early Wednesday morning and that could push oil prices lower if its data confirms the build reported by the API. USA crude rose 32 cents, or 0.7 percent, to US$46.13 per barrel. Despite renewed optimism that an Opec output freeze is on track, rising oil production data and changing fundamentals "makes a credible Opec cut all the more hard to achieve", American investment bank Jefferies said yesterday. Read More

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Pokémon Card Sold For £44000

Pokémon Card Sold For £44000

A total of 39 cards were awarded, and as Bulbapedia points out, it's unknown as to how many still exist. There were less than 40 copies of the card that were ever released to the public, and, of those, only ten of them are graded in top condition. Read More

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Relentless smoke spreads fear at edge of southern wildfires

He is charged with igniting a wildfire along a Sequatchie County road Monday. The S.C. Forestry Commission reported modest growth at a fire on Pinnacle Mountain Monday, which grew from 2,312 acres Sunday to 2,765 acres by late Monday. People who have heart or lung diseases, older adults, and children are more likely to be affected by health threats from wildfire smoke. Associated Press writers Tom Foreman Jr. Read More

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Government Takes Steps To Boost Cash Supply, Extends Use Of Old Notes

Government Takes Steps To Boost Cash Supply, Extends Use Of Old Notes

While banks remained closed yesterday on account of Guru Nanak Jayanti in many parts of the country, cash-starved customers again were disappointed today with most of the ATMs running out of the cash. Many decisions to increase cash supply were taken after the situation was reviewed by Prime Minister Narendra Modi last night in a high-level meeting that was attended by the home minister, finance minister, minister of coal and power and minister of state for finance. Read More

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Sindhu wins China Open, bags maiden Superseries Premier title

Sindhu wins China Open, bags maiden Superseries Premier title

Prime Minister Narendra Modi congratulated badminton player P V Sindhu on Sunday for winning her first super series title in the China Open. Sindhu continued her strong game and led 11-7. The decider was also on high octane as the both kept one another in check but the 21-year-old Sindhu had the upper hand in the end as she clinched the decider 21-19. Read More

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Oil Rigs See Biggest Jump Since July 2015 On Permian Activity

Oil Rigs See Biggest Jump Since July 2015 On Permian Activity

The company's revenue for the quarter was down 37.8% on a year-over-year basis. Following the completion of the acquisition, the director now owns 89,425 shares of the company's stock, valued at $5,261,767. Brenneman acquired 85,000 shares of the business's stock in a transaction dated Monday, November 14th. The stock presently has a consensus rating of "Buy" and an average target price of $54.76. Read More

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Romney To Meet With Trump This Weekend

Romney To Meet With Trump This Weekend

CNN sites "a senior Republican source". If Trump offers Romney the position of Secretary of State when the two meet on Sunday, that appointment would make a lot more sense than some of Trump's other choices (Bannon, I'm looking at you). Mr Trump is said to have sought advice from Henry Kissinger, one of the more illustrious - if controversial - officials from the past. Trump, now the president-elect, is looking to sit down with Romney as early as this weekend to discuss a possible role in ... Read More

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Global cues subdue Indian equities

Global cues subdue Indian equities

The BSE market breadth was skewed in favour of the bears - with 2,256 declines and 304 advances. The broader markets ended on a mixed note with BSE mid-cap index jumping 0.56 per cent and small-cap index ending 0.05 per cent higher. Analysts said that the rise in the morning trades came on the back of short-covering tracking gains in Asian markets. Coal India, HDFC Bank and Asian Paints also fell by 1-2%. Read More

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Demand for Oil Won't Peak Again until 2040

The IEA report also suggests global oil demand is unlikely to peak in the next 25 years, even as governments implement increasingly rigid climate policies in a bid to curb harmful emissions. Around 100 nations have ratified the Paris agreement, which came into force on November 4, and seeks to limit temperatures rises to well below 2 degrees Celsius above pre-industrial levels and "pursue efforts" to limit the rise in temperatures to 1.5 degrees. Read More

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No permission for Cooperative banks to accept invalid notes

No permission for Cooperative banks to accept invalid notes

However, district cooperative banks can withdraw any amount of money from other national banks. This had prompted people to rush to banks to deposit old currency notes. There are thousands of DCCBs spread across the country with 18 being in Gujarat alone. Many farmers are having accounts in these banks. This move will impact rural India greatly. Read More

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Key Indian equity market indices open in red

Key Indian equity market indices open in red

The broader Nifty also succumbed to selling pressure and slipped below the 8,600-mark to hit a low of 8,504.85 before ending 112.25 points, or 1.30 per cent down at 8,514, its lowest closing since July 21. Among the 51 components of the Nifty50, 33 ended the day in the red with BPCL falling the most at 1.45 per cent, followed by Asian Paints (down 1.18 per cent), NTPC (down 1.09 per cent), Adani Ports (down 1.05 per cent) and Sun Pharma (down 0.96 per cent). Read More

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