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Oil trades near four-year peak ahead of sanctions on Iran

Oil trades near four-year peak ahead of sanctions on Iran

Since mid-August, WTI has increased around 17 percent. Brent LCOc1 fell 18 cents to settle at $84.80 per barrel, a day after hitting a four-year high of $85.45. pumps more quantities of crude. Christopher Wood Equity Strategist, CLSA said in his GREED & fear report, "Oil is (seen) heading much higher unless demand suddenly collapses in the emerging world, and so far, there is little sign of this". Consulte Mais Informação

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Hundreds of tourists stranded on Greek islands after budget carrier folds

Hundreds of tourists stranded on Greek islands after budget carrier folds

In an official statement, the beleaguered airline blamed its bankruptcy on severe delays of aircraft delivery which resulted in flight cancellations, loss of revenue and the costly leasing of aircraft from other companies. The airline, which had 15 planes in its fleet, started offering round-trip flights from London to cities in North America - including New York, Washington, DC, Boston, and Toronto - earlier this year. Consulte Mais Informação

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Oil at 4-year peak, Brent above $85/bbl ahead of Iran sanctions

Oil at 4-year peak, Brent above $85/bbl ahead of Iran sanctions

US light crude futures were up $1.48 at $74.73 a barrel, after touching $74.89, the highest in almost four years. Meanwhile, the 24-year-old North American Free Trade Agreement will now be superseded by the U.S. sanctions by claiming that it has no intention of reducing oil production". As concerns over a global crunch due to the loss of Iranian oil mount, President Donald Trump and King Salman bin Abdulaziz of Saudi Arabia discussed efforts to maintain supplies. Consulte Mais Informação

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Amazon To Raise Minimum Wage To $15 For All U.S. Employees

The pay hike, one of the largest awarded by any major US company, will affect 250,000 Amazon employees and 100,000 seasonal employees who are hired at Amazon sites during the holiday season. Amazon, which became just the second company ever to cross $1 trillion in worth as company earlier this year, said it plans to push the federal government to increase the minimum. Consulte Mais Informação

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Elon Musk turns to army of Tesla volunteers to hit targets

Elon Musk turns to army of Tesla volunteers to hit targets

Tesla's share price jumped today as dramatically as it fell on Friday, thanks largely to this weekend's settlement of the Securities and Exchange Commission's complaints against the company and its CEO, Elon Musk . At the same time, Tesla has also settled new charges of "failing to have required disclosure controls and procedures relating to Musk's tweets", and will also pay a penalty of $20m. Consulte Mais Informação

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US, Canada reach trilateral trade pact with Mexico to replace NAFTA

The new deal exempts Canadian autos from tariffs up to a point that is a de facto exemption and gives hopes for metal tariffs, said Frederic Bastien, an analyst at Raymond James in a note . The NAFTA dispute-resolution process will also be kept in the new deal. Canada also agreed to get rid of its two-year-old Class 7 pricing agreement that has restricted US exports of ultra-filtered milk used to make dairy products. Consulte Mais Informação

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Gita Gopinath appointed IMF Chief Economist

Gita Gopinath appointed IMF Chief Economist

She did her Masters in Economics from Delhi School of Economics (1992-94) and University of Washington (1994-96). Gopinath succeeds Maurice (Maury) Obstfeld, who had in July announced that he would retire at the end of 2018. She did her Ph.D.in economics from Princeton University in 2001. She joined the University of Chicago in 2001 before moving to Harvard in 2005. She also serves as the financial adviser to the chief minister of Kerala. Consulte Mais Informação

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GE Stock Soars After CEO John Flannery Unexpectedly Ousted

GE Stock Soars After CEO John Flannery Unexpectedly Ousted

John Flannery is being replaced as head of General Electric after a little more than a year on the job. The company was stricken from the prestigious Dow Jones Industrial Average in June. And the power business could sink even lower, thanks to a slowdown in the entire market for gas turbines. A year into Flannery's tenure, investors were reportedly concerned he was not working fast enough to restructure the company. Consulte Mais Informação

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Fuel price hike: Petrol prices cross Rs 91 per liter in Mumbai

Fuel price hike: Petrol prices cross Rs 91 per liter in Mumbai

The increase in transport fuel rates comes amid surging crude oil prices. The price of non-subsidised LPG cylinder in Delhi has been increased by Rs 59 per cylinder and that of subsidised ones by Rs 2.89. Targetting the central government, Maharashtra Congress last week performed a solemn " shraaddh " (a post-death ritual) of cans of petrol and diesel, and US Dollar in wake of the spiralling fuel prices in the state. Consulte Mais Informação

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US, Canada in last-minute NAFTA deal

US, Canada in last-minute NAFTA deal

US President Donald Trump and Canadian Prime Minister Justin Trudeau reportedly reached a deal on a revised North America Free Trade Agreement ( NAFTA ) late Sunday evening, according to officials briefed on the negotiations. Canadian officials met late into the night Saturday, and returned to the office by 7 a.m. Sunday morning, in the hopes of getting to an agreement. So much American trade depends on the 1994 agreement that US markets have been jittery about a possible collapse of ... Consulte Mais Informação

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