Business

Iran welcomes OPEC production-cut decision

The Auto Club says average prices statewide have increase 8-cents in the last day. "Five months ago it was at similar levels, as indeed it was one month ago", said analysts at AB Bernstein on Friday. "The market will no longer see a sudden plunge in oil prices", Kiwoom Securities Co market strategist Seo Sang-young said by telephone from Seoul.

Business

Crude gains 9% amid surprise OPEC deal

Fourteen stocks were posting new 52-week highs. The oil deal, which until Wednesday's meeting had looked to be in peril, brought an element of stability to financial markets whipsawed in November by Donald Trump's unexpected election as U.S.

Business

EPL 2016/17: Mamadou Sakho to be sold in January, confirms Jurgen Klopp

Liverpool start as big favourites for this one, and are now trading at [1.8] to take all three points home with them. Sakho's attitude during pre-season rankled with Klopp and he was sent home from their tour of the United States for being "disrespectful" after he missed a flight, training session and team dinner.

Business

US Employers Add 178K Jobs as Unemployment Sinks to 4.6 Pct

The marked decline in the unemployment rate is a little misleading. Mohamed El-Erian, chief economic adviser at Allianz in Newport Beach, California, described the jobs report as "solid" and said it would further encourage the Fed to hike rates in mid-December.

Business

Oil ETFs Wait on Upcoming OPEC Meeting

Oil prices fell early on Tuesday on doubts that producer cartel Opec will be able to hammer out a meaningful output cut during a meeting on Wednesday to rein in a global supply overhang and prop up prices. Falih also said OPEC was focusing on reducing output to a ceiling of 32.5 million barrels per day, or cutting by more than 1 million bpd, and hoped Russian Federation and other non-OPEC members would contribute a cut of another 0.6 million bpd.

Business

Sensex plunges 200 pts on capital outflows, Asian cues

However, both Sensex and Nifty were above 72 and 18 points respectively in the early tradings. The key Indian indices traded in the red - with losses of nearly half a percent each, as heavy selling pressure was witnessed in consumer durables, automobile and oil and gas stocks.


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