Business


Oil falls as market stays well supplied despite cuts

Seven out of 13 members of the Organization of Petroleum Exporting Countries - representing 84 percent of the producer club's collective output - have publicly stated support for continuing their supply curbs. "It's for the market to take stock of the fact that there are logistical lags". The US EIA data showed that crude stockpiles fell 1.8 million barrels against expectations of a fall of 2.4 million barrels for the week ended May 12.



Oil rises as investors expect output cut extension next week

Brent crude LCOc1 was down 18 cents, or 0.3 percent, from its last close at $52.03 per barrel at 0244 GMT. USA crude oil CLc1 was up 14 cents at $49.49 a barrel, after finishing the previous session at $49.35 a barrel, the highest close since April 26.



US President Trump and Saudi King Salman meet in Riyadh

It will also bolster the Saudi Arabia's "ability to contribute to counter-terrorism operations across the region, reducing the burden on the USA military to conduct those operations", the official added. Trump's account is delivering a diplomatic message. Before departing, the president tweeted he would be "strongly protecting American interests" on his marathon trip.



Trump to Meet Dozens of Muslim Leaders During Saudi Visit

The Boston-headquartered firm said the agreements were inked in the presence of King Salman and Trump, who has chosen Saudi Arabia for his first foreign trip since taking office in January. But it is also fraught with peril for the real estate magnate, who is known to dislike lengthy travel. The FBI needs a new director because Trump fired James Comey last week in an unexpected move that drew criticism from Republicans and Democrats, coming as it did amid the FBI's investigation of Russian ...



Skechers USA Inc (SKX) Upgraded by Vetr Inc. to "Strong-Buy"

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Neuburgh Advisers LLC now owns 4,796 shares of the textile maker's stock valued at $132,000 after buying an additional 176 shares during the last quarter.


Julian Assange still faces arrest warrant - United Kingdom police

Julian Assange still faces arrest warrant - United Kingdom police

Despite that, London police said they are still obliged to arrest Assange if he left the embassy, because he breached bail conditions by failing to hand himself in for extradition to Sweden. "The claim that the United Kingdom has the right to arrest me for seeking asylum in a case where there have been no charges is simply untenable". Ecuador has urged Britain, where Assange still faces arrest, to allow him safe passage out of the country.