Business


CHART: US crude oil inventories are still above historic norms

Traders said an ongoing fuel supply overhang was keeping prices under pressure despite the agreement by Organization of the Petroleum Exporting Countries ( OPEC ) and non-OPEC produces to extend its cuts of nearly 1.8 million barrels per day (bpd) of production.



Disruptive passenger tries to enter cockpit on Malaysia Airlines flight

According to authorities the offender is said to have a history of mental illness. Photographs on the Australian Broadcasting Corporation website showed black-clad officers armed with rifles on board the plane. A Malaysia Airlines flight departing Melbourne's Tullamarine Airport on Wednesday night was forced to turn back when a " disruptive passenger " tried to gain entry to the cockpit, the company has said.


Doha Hopes to Continue Constructive Dialogue With Russia on Regional Issues

Doha Hopes to Continue Constructive Dialogue With Russia on Regional Issues

Saudi Arabia and its allies imposed an economic and diplomatic boycott on Qatar last week over what they say is the gas-rich Gulf nation's support for Iran and militant groups - charges which Doha has denied. The revelations about the hiring of Ashcroft's law firm were contained in a filing with the U.S. Justice Department that was made on June 9 in accordance with the Foreign Agents Registration Act.



Near-final results show Macron's party winning

Newly-elected French President Emmanuel Macron attends a press conference at the Chancellery on May 15, 2017, in Berlin, Germany. In France, millions have been voting in the first round of elections for the National Assembly . The National Front is expected to take 13.1%, leaving it with between one and four seats, while Jean-Luc Mélenchon's far-left party is expected to claim between 10-20 seats after accounting for 11% of the vote.



European Central Bank meeting in Tallinn: Interest rates unchanged

As the European Central Bank made clear, there's no end in sight for quantitative easing (asset purchases), and low interest rates are here to stay. The euro hit a one-week low of $1.11995, down around 0.4 percent on the day, as Draghi spoke. The new projections, according to which inflation will remain at +1.5% this year, will fall to +1.3% next year and will not go over +1.6% in 2019, supported this position.


Downing Street: May, Democratic Unionist Party Have Not Reached Deal

Downing Street: May, Democratic Unionist Party Have Not Reached Deal

Confident of securing a sweeping victory, May had called the snap election to strengthen her hand in the European Union divorce talks . She said: "I was fairly straightforward with her (Mrs May) and I told her that there were a number of things that count to me more than the party".