• Oil prices rise after big draw in United States stockpiles

    Oil prices rise after big draw in United States stockpiles

    Markets

    As more U.S. drilling mean greater hardship for OPEC and other major producers' attempt to control output so as to cut the global supply glut and alleviate prices. Oil markets edged higher on Monday as rising Saudi physical prices and signs of falling OPEC supplies slightly outweighed a persistent rise in United States production.
  • Moody's downgrades Hong Kong credit rating after China cut

    Moody's downgrades Hong Kong credit rating after China cut

    Markets

    Moody's expects economic growth to decline to close to 5 percent over the next five years. While the downgrade is likely to modestly increase the cost of borrowing for the Chinese government and its state-owned enterprises (SOEs), it remains comfortably within the investment grade rating range.
  • Montana election pits behavior against partisan loyalties

    Markets

    Breitbart News - called "the platform for the alt-right" by its former top executive, current White House chief strategist Stephen Bannon - reported the story straightforwardly , acknowledging that Jacobs' story was supported by an audio and an eyewitness from Fox News.
  • US top court tightens patent suit rules in blow to 'patent trolls'

    US top court tightens patent suit rules in blow to 'patent trolls'

    Markets

    This ruling hurts those companies since they can no longer file in remote federal courts that have a reputation for friendliness to plaintiffs. The case has significant implications for the Eastern District of Texas , where more than a third, or 40 percent of all patent infringement cases are filed.
  • Senate confirms Iowa governor as China envoy

    Senate confirms Iowa governor as China envoy

    Markets

    Shortly after his resignation, Reynolds will be sworn in as Iowa's 43rd governor in a ceremony at the Iowa State Capitol Building in Des Moines. Importantly, Governor Branstad also knows China and its leaders well. "The fact is, he's been an ambassador for Iowa to the nation and to world for his entire career", Grassley said. As governor, he's been vigorous in promoting our state's economy and opening markets for our farm commodities, financial services and manufacturing to the world ...
  • Bank levy saved the triple-A rating, PM says

    Bank levy saved the triple-A rating, PM says

    Markets

    The bank says calculations of the announced 0.06% Government levy are based on its impacted liabilities of $615 billion as at 31 March 2017. It said the Commonwealth Bank, Westpac , NAB, and ANZ could assume "timely financial support" from the Australian government in the event of a sharp correction, giving them an advantage.
  • Highlights from the 2017 London Sevens

    Highlights from the 2017 London Sevens

    Markets

    South Africa secured the world series title last weekend as they won the cup final in Paris. Trailing 21-0 at half-time it seemed like that sorry statistic had the shelf life of atomic waste. Then in a surge up the middle of the field, full of support play, Scotland captain Scott Riddell was on hand to finish off, and they held on to give departing coach Calum MacRae and retiring players Mark Robertson and Scott Wight a flawless send-off.
  • Trump lashes out at critics, 'naysayers,' unfair treatment

    Trump lashes out at critics, 'naysayers,' unfair treatment

    Markets

    A source close to Comey confirmed to NBC News Tuesday that the memo included a line in which Comey quoted Trump as having said, "I hope you can see your way clear to letting this go, to letting Flynn go". The remarks were Trump's first since it was reported that he had asked then-FBI chief James Comey to drop the investigation into disgraced former national security adviser Mike Flynn's ties to Russian Federation.
  • Israel reportedly provided intel. Trump disclosed to Russians

    Israel reportedly provided intel. Trump disclosed to Russians

    Markets

    The exchange, reported by Israel's Channel 2 television, is threatening to create a fierce diplomatic storm as Israel gets ready for a visit by U.S. The Western Wall, in east Jerusalem's Old City, is the remnant of the ancient temple, destroyed more than 2,000 years ago. The White House said the comment did not represent the president's position.
  • Rumour: Kia to showcase 3-4 cars at 2018 Auto Expo

    Rumour: Kia to showcase 3-4 cars at 2018 Auto Expo

    Markets

    Hyundai and Kia have been arguing the five flaws pose no safety risk, but they said in a joint statement that they will cede to the compulsory recall order. "Safety is always Hyundai's No.1 priority, and we make decisions on recalls or any other customer-protection steps in compliance with regulators around the world, and follow stringent internal procedures".
  • Cassia voters vote out incumbent school board members

    Cassia voters vote out incumbent school board members

    Markets

    That's an increase of 12.41 percent over past year, due entirely, school officials say, to a change to record debt service expenditures in the general fund as recommended by the comptroller's office. Michelle Lyon (364) and Jim Struble (334) won the two available three-years terms on the school board. A homeowner with a home assessed at $250,000 should see an increase in their tax bill of $47.