by | November 12, 2018 | 18:04

In his speech at the start of the meeting, Falih said the recent sharp drop in prices had "surprised us". Saudi Arabia has been pumping 10.7 million bpd since October, Falih said. "I think it all comes down to Russian Federation", said Helima Croft, chief commodities strategist at RBC Capital Market LLC. But they climbed on Monday as the world's biggest supplier Saudi Arabia announced plans to cut production in response to fears of oversupply.

by | November 12, 2018 | 15:55

In deciding how fast or slowly to keep raising rates, the Fed will be monitoring the pace of growth, the job market's strength and gauges of inflation for clues to how the economy may evolve in the coming months. Data released in late October showed the United States economy grew at a 3.5 per cent annual rate in the third quarter, well above the roughly 2 per cent annual growth pace the Fed and many economists regard as the underlying trend.

by | November 12, 2018 | 07:30

According to Malegam, the Act provides for the transfer of central bank's entire surplus in a year, after provisions, to the reserves. Senior Congress leader P Chidambaram asks why the Centre kept silent for 4 years and 6 months. "Most modern central banks hold positive amounts of capital as insurance against political interference", said economist Alex Cukierman in a 2011 paper titled "Central bank finances and independence - how much capital should a central bank have?" Chidambaram ...

by | November 12, 2018 | 04:19

They are also being used for other drugs. The FDA launched a crackdown on flavored e-cigarettes earlier this year, as the number of teens using the products reached epidemic proportions, The Times reported. That growth has coincided with the rise of Juul, whose sales of vaping devices grew from 2.2 million in 2016 to 16.2 million devices previous year, according to the U.S.

by | November 11, 2018 | 19:44

Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight. This is also likely to be Alibaba's last November sale event with founder and chairman Jack Ma at its helm. Singles Day "is not a day of discounts, but rather a day of gratitude", Ma said in the video.

by | November 11, 2018 | 15:57

While 45 percent plan to visit stores on Black Friday, robust spending is expected to continue throughout the holiday season, with 28 percent spending on that Saturday or Sunday and 26 percent shopping on Cyber Monday. For the millions of shoppers on Black Friday, one of the places to go would be at Best Buy store in your location. Walmart also published its circulars for deals online and in-store.

by | November 10, 2018 | 19:38

Responding to the resignation, shadow Brexit minister Jenny Chapman said: " Jo Johnson is the eighteenth minister to resign from Theresa May's government ". May had been expected to rally her cabinet around her Brexit plan at a meeting originally due this week. But in a warning to his brother and fellow Brexiteers, he added: "Inflicting such serious economic and political harm on the country will leave an indelible impression of incompetence in the minds of the public".

by | November 09, 2018 | 19:10

District Court in Montana ruled it must wait for a further environmental review. It basically ordered a do-over. Shawnee Rae, age 8, among a group of Native American activists from the Sisseton-Wahpeton tribe protesting the Keystone XL Pipeline in Watertown, 2015.

by | November 08, 2018 | 15:57

Now playing: Watch this: SEC sues Elon Musk for securities fraud over misleading. "I believe in its mission and I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value", Denholm said in a statement .

by | November 08, 2018 | 11:48

In April, the smell of durian rotting in a cupboard at an Australian university's library was mistaken for a gas leak , the Associated Press reported. The standoff ended when boarded passengers began to get off the flight. Eventually, all the passengers were asked to leave the plane as workers unloaded the reeking cargo.

by | November 07, 2018 | 08:17

Georgia had the most high-profile governor's race. In suburban areas where key House races will be decided, voters skewed significantly toward Democrats by a almost 10-point margin. "In this cycle, it seemed as if there was a disproportionately negative reaction among highly educated voters to Trump", he said. Mr Trump's party is projected to hold on to the upper chamber in Congress, where they now hold a slim 51-49 majority.

by | November 07, 2018 | 03:03

The goal: "to force the iranian regime to change its behavior". At the same time, the trade dispute between the United States and China is threatening growth in the world's two biggest economies. The "senior" cleric, who is Friday Prayer leader in Mashhad, also warned Iran could send the price of oil skyrocketing to $400 a barrell by confiscating tankers and creating a blockage in the Persian Gulf.

by | November 06, 2018 | 19:39

But the battle for the 35 Senate seats is expected to favour the Republicans because numerous contests are in states Mr Trump won in 2016. Evangelical Christians are also a key constituency, seen to be happy with Mr Trump and Vice-President Mike Pence over their pro-life conservatism and the President's shifting of the US Embassy in Israel to Jerusalem.

by | November 06, 2018 | 10:24

Kondik notes that in the 29 congressional midterm elections held since 1900, the president's party has lost House seats in all but three - 1934, 1998 and 2002. Jay Inslee, who leads the Democratic Governors Association. How it would happen: This would be the really big wave - and it's not inconceivable. A second poll, by NBC and The Wall Street Journal, also showed Democrats holding the same seven-point advantage.

by | November 06, 2018 | 03:17

Amazon announced previous year that the retail giant was looking to open a second headquarters somewhere in North America, bringing with it as many as 50,000 new jobs. But stock market investors, online betting sites and corporate relocation experts have all declared northern Virginia the favorite to land the so-called HQ2.

by | November 06, 2018 | 01:01

Amazon will not choose one city to open its second headquarters - "HQ2" - but instead will split the baby and open two new headquarters in different cities, the Wall Street Journal reported Monday . Bezos himself said last week that he'd make the final decision guided by intuition: "You immerse yourself in that data but then you make the decision with your heart", he said at a conference in NY last week.

by | November 05, 2018 | 19:15

A few weeks ago, Target announced that it's going to offer customers free 2-day shipping during the holiday season , including Black Friday and Cyber Monday, with absolutely no requirements. Target dropped its $35 minimum for free two-day shipping during the holidays. For many Prime members, the convenience of having orders arrive every few days outweighs small markups imposed to allow for fast and free shipping.

by | November 05, 2018 | 17:43

Twenty U.S. stores are also be closing. The company is already shuttering its Orchard Supply chain of 99 stores, leading to between US$390 million and US$475 million in write-downs. The company says it will give associates opportunities to transition to other stores. Store closing sales will occur at most of the affected locations, with exception of select stores in the US, which the company said will close immediately.

by | November 05, 2018 | 16:59

Controversy arose when the sanctions were announced in terms of Iran's access to the SWIFT financial system and its potential to bypass the sanctions through it. State television RTV led its morning news broadcasts with pictures of military exercises including anti-aircraft maneuvers. The drill was to continue through Tuesday.

by | November 05, 2018 | 15:11

Theresa May appears to have accepted that an open border with the Irish Republic is absolutely vital - despite its regular exploitation by organised criminals and illegal migrants - but can not leave Northern Ireland in the Customs Union by itself, as this would lead to customs checks between Britain's Home Nations.