Saturday February 16-th, 2019

Oil slips on near-record USA production, demand fears Oil slips on near-record USA production, demand fears

The IEA has previously touted the "growing influence" of the U.S.in global oil markets, saying such a dramatic rise in crude output could soon challenge the market share of OPEC kingpin Saudi Arabia . Markets were also buoyed by signs that Washingto...

Aer Lingus unveils new livery and logo Aer Lingus unveils new livery and logo

The unveiling happened at Dublin airport today, where the airline showed off a newly painted A330-300 series aircraft in its maintenance hangar. Its A330 fleet will grow to 16 aircraft (from 13 in 2017), while the carrier will also invest in 14 new...

China offers to ramp up USA imports to address trade surplus China offers to ramp up USA imports to address trade surplus

Trade Representative Robert Lighthizer has reservations about the idea, the newspaper reported Thursday, citing unnamed people close to the discussions. However, there was still skepticism among analysts, with the two sides still far apart on a numbe...

Royal Bank of Scotland outlines plan to reduce taxpayer stake

This stock traded higher toward its 52 week low with 25.90% and -28.26% down from its 52 week high price. Given First Republic Bank's higher probable upside, analysts plainly believe First Republic Bank is more favorable than Royal Bank of Scotland G...

Patisserie Valerie deputy chairman resigns amid accounting scandal aftermath Patisserie Valerie deputy chairman resigns amid accounting scandal aftermath

Patisserie Valerie said cashflow and profitability had been misstated in the past and "is materially below" what the market was told on 12 October, shortly after the accounting errors were first discovered. When the scandal was first revealed, Patiss...

GVC's 2018 a story of online strength masking retail struggles GVC's 2018 a story of online strength masking retail struggles

George Salmon, equity analyst at Hargreaves Lansdown , said the news that GVC will report earnings ahead of expectations comes not long after the group raised forecasts for cost saving around the Ladbrokes Coral merger, so there is "a lot to like ...

Morgan Stanley Ends Strong Year With Rough Quarter Morgan Stanley Ends Strong Year With Rough Quarter

Morgan Stanley whiffed on earnings expectations on Thursday , driven mainly by the bank's underperforming trading unit typically known as one of the industry's best. financial crisis of 2009. Finally, Oppenheimer raised Morgan Stanley to an "out...

Whitbread Shares Hit By Lacklustre Outlook After Costa Deal Whitbread Shares Hit By Lacklustre Outlook After Costa Deal

It bought Costa from its founders for £20m in 1995. Sales at Premier Inn rose 3.1% in central London, excluding new hotel openings, but fell 1% across the rest of the United Kingdom, including outer London, in the third quarter to 29 November.

GBP/USD hobbled under 1.2900 on refreshed Brexit uncertainty GBP/USD hobbled under 1.2900 on refreshed Brexit uncertainty

But she then won a subsequent vote of confidence, removing some political uncertainty for now. Some Pound investors, however, have been encouraged by the increasing likelihood of an extension to Article 50, as Theresa May refuses to categoric...

Mum wins $107M Powerball jackpot setting Australian lottery history Mum wins $107M Powerball jackpot setting Australian lottery history

They'll get a whole slab of money! "All the win gives me is a chance to go and do the things I have always wanted to do", the victor said. "It was so random, I just made a decision to log-on yesterday and buy a ticket with random numbers", she re...

Shopko Bankruptcy: Which Stores Are Closing? Shopko Bankruptcy: Which Stores Are Closing?

Shopko has obtained up to $480M debtor-in-possession (DIP) financing from certain of its prepetition secured lenders, led by Wells Fargo, N.A.as administrative agent, to help fund and protect its operations during the Chapter 11 process. Based on the...

West Midlands' housing market on hold for now West Midlands' housing market on hold for now

They say that sales expectations from surveyors are either flat over the next few months or there will be "no change" or sales will be "negative". The Rics report polls its member estate agents around the United Kingdom and is seen as a key barom...

What was the UK’s most popular new vehicle colour in 2018? What was the UK’s most popular new vehicle colour in 2018?

It is the first time the colour has claimed the top spot since records began in 1996. In 2017, black was the UK's favourite vehicle colour. British buyers' preference for tiresome colours continues: the top three colours were grey, black and white,...

Black Friday steals Christmas shoppers

British consumers reined in their spending in December after splashing out during November on Black Friday promotions, according to official figures that confirmed the tough festive shopping period on the high street. Philipp Gutzwiller, head of reta...

USA government data leak exposes years of investigations USA government data leak exposes years of investigations

Vickery told Forbes . The leaked data also included "spreadsheets documenting the timeline for investigations by the FBI and people they interviewed", potentially putting witnesses at risk. Within the server, the UpGuard team found further vulne...

Ford Confirms Hybrid And All-Electric F-150 Ford Confirms Hybrid And All-Electric F-150

VW and Ford are also now co-developing commercial truck and medium-sized pickups with electric drivetrains and self-driving technology. There are still many unknowns, but something we know all too well is that the competition could be fierce.

SA Reserve Bank keeps interest rates unchanged SA Reserve Bank keeps interest rates unchanged

We need stability so that we can get on with rebuilding confidence and the economy, says Samuel Seeff, chairman of the Seeff Property Group. An independent central bank was one of the underpinnings of the Constitution, Kganyago said, and to change ...

Ghosn received 8 million euro in 'improper' payments: Nissan Ghosn received 8 million euro in 'improper' payments: Nissan

Ghosn has denied the charges against him. Both companies sacked him after his arrest a year ago, but Mr Ghosn denies any wrongdoing. In the latest twist to the saga of the once-feted official's fall from grace, the automakers have found that Ghos...

Audi employees charged in alleged emissions test scandal

Four senior officials at Audi have been indicted in the United State District Court for the Eastern District of MI, accused of using devices to cheat on emissions tests with several different vehicle models. The men bring to 13 the number of VW emplo...

Facebook to Invest $300 Million in Struggling Local News Facebook to Invest $300 Million in Struggling Local News

Facebook said the funding will help boost resources for local journalists, including research on how to use technology to improve news gathering and foster new products for dissemination. An additional $5 million will go toward supporting in-depth st...

Ryanair blames lower air fares for fall in profits Ryanair blames lower air fares for fall in profits

Ryanair has today cut its forecast for full-year profit for the second time in three months, this time blaming lower than expected winter fares. The airline had originally forecast profits of €1.25 billion to €1.35 billion before October's profit w...

Gluten-free chicken nuggets recalled due to possible wood contamination Gluten-free chicken nuggets recalled due to possible wood contamination

There have been no reports of adverse reactions from consuming these products. The recalled chicken nuggets have the establishment number "P-33944" inside the USDA mark of inspection. Wood pieces are far from the most freakish material to be found ...

This Nissan Altima has TRACKS This Nissan Altima has TRACKS

The vehicle is based on the production 2019 Altima all-wheel-drive sedan. While all-wheel drive comes standard on the Canadian Altima , it's a $1,350 option on the US-spec model. This process took 150 hours to complete. The extreme fender flare...

Husky Energy walks away from its hostile takeover bid for MEG Energy Husky Energy walks away from its hostile takeover bid for MEG Energy

Husky Energy Inc . blamed a combination of pipeline problems and an Alberta government-mandated oil production curtailment for its failed hostile takeover bid of MEG Energy Corp. MEG chief executive Derek Evans said his investors were clearly unimpre...

Bank of America Surges as JPMorgan Stumbles, Jamie Dimon Dings Analysts Bank of America Surges as JPMorgan Stumbles, Jamie Dimon Dings Analysts

JP Morgan Chase became the latest Wall Street bank to report the damage of December's volatile market conditions , disclosing a decline in revenues and profits in its investment banking business driven by a weaker fixed income markets sector.

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