Economy

Minister says Iran does not hold oil production cut talks

The OPEC flag and the OPEC logo are seen before a news conference in Vienna , Austria, October 24, 2016. The Saudi stance raises chances not only of yet another inconclusive meeting. In September Opec pledged to limit production by about 700,000 barrels a day, although Iran was being allowed to increase production. So far, however, motorists haven't seen much relief from the low oil price: Government figures show average fuel prices have reached their highest since July past year, at ... Read More

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Q&A with Bernie Sanders: 'Time for profound changes' for Democratic Party'

Q&A with Bernie Sanders: 'Time for profound changes' for Democratic Party'

Like Cruz, she now sees an opportunity to bring more people into the Republican Party. And Democrats who were there in 1997 and 1998 say, unsurprisingly, there is little to enjoy being in the minority. Sen. Jon Tester (D-Mont.) hopes to work with Republicans to reduce the deficit, clean up Washington by stopping former lawmakers from becoming lobbyists and passing legislation to improve service at the Department of Veterans Affairs, a major Trump talking point during the campaign. Read More

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Order could have little effect on pipeline protest camp

Army Corps of Engineers delivered a letter to the Standing Rock Sioux Tribe stating that protesters will no longer be allowed in a portion of "Corps-managed federal property north of the Cannonball River " starting December 5. Sen. President Barack Obama raised the possibility of rerouting the pipeline earlier this month, and construction on the last remaining large chunk, which is on federal land near the reservation, was halted by the Corps for the time being. Read More

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'Fight for $15' protest pops up in Milwaukee

'Fight for $15' protest pops up in Milwaukee

They include cabin cleaners, janitors, wheelchair attendants and baggage handlers. "They blocked the street on Broadway", a police source said. (Updates with protest in New York City park, comment from protester in paragraphs 3-4) By Lisa Baertlein and Timothy Mclaughlin LOS ANGELES/CHICAGO, Nov 29 (Reuters) - Workers from fast-food chains and almost 20 airports joined nationwide protests for higher pay, union rights and immigration reform on Tuesday in their first major action since ... Read More

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EU, Greece 'very close' to debt talks: Moscovici

EU, Greece 'very close' to debt talks: Moscovici

Nov 29 Greece can achieve a primary budget surplus of 2 percent next year, the head of the country's central bank said on Tuesday, warning that the main risk for the economy would be a failure to conclude a crucial bailout review. Athens would then be able to offer tax relief for businesses to boost competitiveness. But first, Moscovici said on a two-day visit to Athens , the Greek government had to complete an ongoing audit of its latest fiscal reforms to enable a "package deal" on ... Read More

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Zimbabwe issues new currency, bond notes

Zimbabwe issues new currency, bond notes

ZIMBABWE begins a new economic chapter, which we are not very optimistic of, as the first batch of bond notes are rolled out today. In 2008 and 2009 the state's central bank printed so much of its currency, the Zimbabwe dollar, that the country experienced mind-boggling hyperinflation that reached 500 billion percent, according to the International Monetary Fund. Read More

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Saudi Arabia tells OPEC it won't attend non-OPEC talks on Monday

Saudi Arabia tells OPEC it won't attend non-OPEC talks on Monday

The ambitious plan is encountering reservations from Iran and Iraq, the second- and third-largest producers in the Organization of the Petroleum Exporting Countries, the 14-nation cartel that controls over a third of global oil production. Nigeria's oil Minister, Ibe Kachukwu, acknowledges that Russia's role in controlling oil output is critical. Consultations with OPEC are going positively and Russian Federation will hold talks with a number of oil-producing non-OPEC nations, including ... Read More

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Swiss voters casting ballots in referendum on phasing out nuclear power plants

Swiss voters casting ballots in referendum on phasing out nuclear power plants

Just a few months after Japan's Fukushima nuclear plant was destroyed in the March 2011 tsunami disaster, Switzerland made a decision to gradually close its nuclear plants, but did not set a clear timeline. The plants are to be closed progressively as their life spans expire, and the government says it needs time to switch to other sources such as wind, solar and biomass energy. Read More

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Won't allow water to enter Pakistan, says Indian PM Modi

Referring to the stikes on terror camps in PoK by the Indian forces, he said, "The echo of the surgical strike can still be heard in Pakistan and the matter is still alive there". "The water does not come to your [Indian farmers] fields but goes to the rivers of Pakistan", he said. Das on Wednesday said the state-run National Bank for Agriculture and Rural Development (Nabard) would provide farmers' cooperative banks 210 billion rupees to enable them to give loans to farmers to see the ... Read More

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Thanksgiving Day forecast: Wet weather in store for Northeast, Northwest

Thanksgiving Day forecast: Wet weather in store for Northeast, Northwest

Tonight: A slight chance of rain, snow and sleet before 1 am, then a chance of snow and sleet. The National Weather Service reports the high across MA on Thanksgiving Day will be in the low-to-mid 40s across the state. Northwest winds 10 to 15 miles per hour. A few showers may also dampen Texas and more rain and mountain snow will persist from the Pacific Northwest to central California on the biggest shopping day of the year. Read More

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Thanksgiving travelers head to TF Green, train station

Thanksgiving travelers head to TF Green, train station

Security: Wading through security is never a fun experience but Montgomery said lines have been moving smoothly. Memorial Day is the deadliest holiday weekend with almost 312 fatal accidents per year, according to the study. But Sunday between 11 a.m. and 6 p.m. could be nightmarish: Traffic jam alerts increased by 240 percent during that timeframe past year, with accident alerts increasing by almost 100 percent. Read More

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Do ordinary investors lose in the ETP-Sunoco merger?

Do ordinary investors lose in the ETP-Sunoco merger?

The analysts noted that the move was a valuation call. Zacks closed a census in which analysts from different research houses participated and shared their outlook on stocks. Energy Transfer Partners L.P. Energy Transfer Equity , L.P. NYSE has an Earning Per Share for the upcoming year at 94.90%. SXL recently reported its Q3 results, which showed a 10% increase in earnings and distributable cash flow, based on the same period past year. Read More

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Stores gearing up for Thanksgiving and Black Friday shoppers

Stores gearing up for Thanksgiving and Black Friday shoppers

Normally this TV goes for $1,300, but Best Buy has it on offer at $300 off bringing the price down to $999. Other retailers offering steep discounts for online shoppers include Kohl's , Sam's Club and J.C. While some of you may be skipping the stores, the National Retail Federation estimates that nearly 137 and a half million people will still line the aisles on Black Friday - and each will spend about $520 that day . Read More

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Sensex Snaps 6-day Losing Streak, Up 196 Points, Nifty Above 8000

Sensex Snaps 6-day Losing Streak, Up 196 Points, Nifty Above 8000

Positive global cues, coupled with short covering and value buying, lifted the Indian equity markets on Wednesday. Prime Minister Narendra Modi thanked people for expressing "continued faith" in BJP and its "unwavering focus on development and good governance" after the party scored victories in bypolls in three states and did well in West Bengal and Tripura, defying speculation on adverse impact of ongoing demonetization. Read More

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Palo Alto Networks, Inc. (NYSE:PANW) revenue growth slows

Palo Alto Networks, Inc. (NYSE:PANW) revenue growth slows

Deutsche Bank AG restated a hold rating on shares of Palo Alto Networks in a report on Saturday, October 15th. Palo Alto Networks Inc . has a 52 week low of $111.09 and a 52 week high of $194.73. Many Wall Street Analysts have commented on Palo Alto Networks Inc . Wunderlich Resumed Palo Alto Networks Inc on Sep 13, 2016 to "Buy", Price Target of the shares are set at $190. Read More

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UK Government accused of having 'no idea what Brexit means'

He also cautioned that the window for negotiations could be as short as 14 or 15 months, which will make the talks "very intense". Since the publication of the Telegraph interview , Davis clarified that he was not referring to Verhofstadt as "Satan" but he was actually using a phrase to indicate to the interviewer that he would not be tempted in commenting on him personally. Read More

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Donald Trump scraps, reschedules Times interview in media quarrel

Donald Trump scraps, reschedules Times interview in media quarrel

The New York Times pushed back against President-elect Donald Trump, saying Thursday, Nov. 17, 2016, that its paid subscriptions have jumped since the election, despite what Trump has said on Twitter. Trump did not refer to a specific news story. She said Trump's aides asked for a private meeting only, with nothing on the record, after having agreed to a meeting that would consist of a small off-the-record session and a larger on-the-record one with reporters and columnists. Read More

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What India's Demonetization Means for their Future and Gold

What India's Demonetization Means for their Future and Gold

On Wednesday, a cash-carrying van was attacked in Assam, killing the driver and three more people. Millions have been lining up outside banks across India, prompting the government to announce a fresh set of measures to reduce queues. The abrupt move has also left many sectors in limbo, especially the transport sector which uses cash as a means of transacting business. The fastest-growing economy in the world may trip due to its bold crackdown on unaccounted for money that nearly overnight ... Read More

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