Business

Inventories Swoon, Oil Prices Spike

Inventories Swoon, Oil Prices Spike

In other news , on Thursday, crude oil posted a two-sided trade, first rallying after official US data showed crude inventories fell sharply last week as refining and exports surged to record highs. Libya, an OPEC nation that's exempt from the production-cut deal, is said to have increased its output to 3-year highs of late. There were fears that U.S.


U.S. left as 'footnote' in G7 climate talks

U.S. left as 'footnote' in G7 climate talks

Italy holds the G7 presidency for 2017. Following President Donald Trump's controversial decision to exit the Paris Climate Agreement last week, Macron offered researchers, teachers, and students the opportunity to apply for a four-year grant that allows them to continue researching climate change in France.


FY2017 EPS Estimates for Rio Tinto PLC (RIO) Cut by Jefferies Group

FY2017 EPS Estimates for Rio Tinto PLC (RIO) Cut by Jefferies Group

Ivan Glasenberg likes to do things differently. A bidding war for Rio Tinto's Coal & Allied Industries was in the offing on Monday, as the mining giant said it was considering a $2.55 billion (£2 billion) bid from Glencore. It was only in late 2014 that Glencore seemed on the way to launching a takeover offer for Rio Tinto, only to be forced to halt the process by a financial crisis caused by the slide in commodity prices and concerns about its huge debts.



US opts out of G7 pledge committing to Paris climate accord

McKenna also said that all G7 members except the U.S. - France , Germany, Italy , Japan , the United Kingdom, Canada and the European Union - inked a statement at the meeting that expressed their joint commitment to the "swift and effective implementation of the Paris agreement ".



Eritrea sides with Gulf nations against Qatar

The gas-rich nation of 2.6 million residents faces food shortage after it was boycotted economically and politically by Saudi Arabia , Bahrain , the UAE and Egypt for its alleged support for terrorism. Normally, thousands of passengers and hundreds of trucks from Saudi Arabia pass through the crossing each day, bringing fruit and vegetables, as well as construction materials.



Analysts Rating Review: Zynga Inc Cl A Cmn (ZNGA)

Following the sale, the director now owns 832,603 shares of the company's stock, valued at approximately $2,914,110.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .