Business


OPEC Extends Oil Output Cut By 9 Months

But the intended impact could be short-lived. The alliance between OPEC and non-OPEC countries faces competition from US shale producers. Their output already is partially offsetting the cuts, and even more USA companies are poised to return if prices rise further.



NY lawmakers attack Trump budget plan

The poor and the disabled are big losers in President Donald Trump's $4.1 trillion budget proposal while the Pentagon is a big victor. White House Office of Management and Budget Director Mick Mulvaney on Thursday testified that the Trump administration does not believe $1.4 trillion worth of cuts it is proposing for Medicaid would affect children, the disabled or the elderly .



Singapore conduct joint naval exercises, China voices concern

Last month, China National Offshore Oil Corp tendered 22 oil and gas blocks in the South China Sea , expecting bids from foreign companies that would help it develop the reserves in response to growing local oil and gas demand. Noting the South China sea issue has "returned to the positive trajectory" in bilateral relations, Romana said in his opening remarks that the Philippines is confident in the resilience of ties with China .


Hansteen Holdings plc (HSTN) Receives Consensus Recommendation of

Hansteen Holdings plc (HSTN) Receives Consensus Recommendation of "Hold" from Analysts

MKL's profit will be $88.52M for 39.45 P/E if the $6.27 EPS becomes a reality. After $0.12 actual EPS reported by Paypoint plc for the previous quarter, Wall Street now forecasts 91.67% EPS growth. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock.



Saudi Arabia may become an unlikely ally for Trump's border wall

I ended it on the following note: "Even if the next USA administration preserves the nuclear agreement, the United States can not remain indifferent to the new threat posed by Iran to the freedom of navigation between Asia and the West. Trump's words and actions have shown a complete lack of consistency. On Monday, Trump flew from Saudi Arabia to Israel. The last talks between the Israelis and Palestinians, led by former U.S.


UK police make new arrest in concert bombing investigation

UK police make new arrest in concert bombing investigation

Singer Ariana Grande announced Friday that she will hold a benefit concert in Manchester, England , to honor victims of the terror-related bombing that occurred at one of her shows earlier this week. British officials said authorities have resumed sharing intelligence with the United States after a temporary suspension due to information leaks related to the Manchester Arena bombing .