Business

Commodities Round-up: Oil slides to three-week low on shale revival sentiment

PVM Oil Associates London brokerage analyst Tamas Varga was quoted by the news agency as saying: "The general perception is that OPEC is cutting production, which is supporting prices, but high stock levels, rising rig counts and growing U.S.

Business

BP faces challenging pricing environment

Underlying replacement cost profit per share was 2.11 cents, compared to 1.06 cents a year ago. The group posted replacement cost losses of 999 million United States dollars (£803 million) for 2016 as it said oil prices remained " challenging ", with the average for Brent crude standing at 44 U.S.

Business

Greek public debt is highly unsustainable — International Monetary Fund report

Berlin has opposed large-scale debt relief unless Greece completes wide-ranging reforms and keeps running budget surpluses of 3.5 percent in the medium-term following the end of the bailout program in 2018. Eurogroup President Jeroen Dijsselbloem said: "It's surprising because Greece is already doing better than that report describes". But he ruled out any relief on principal debt.

Business

Kevin Love Is Confident He's Staying With Cavs 'for a Long Time'

He responded in Game 7 with 9 points and 14 rebounds. Asked about the story and the idea of trading Love, Lue gave a facetious answer. Cavaliers coach Tyronn Lue told McMenamin that Love isn't "going anywhere". It's nearly like he said , 'Well, if you had written the story like on an off day, maybe I'd be OK with it. GET YOU FACTS STRAIGHT You Stupid Uneducated New Yorker.

Business

Alternatively fuelled cars pass milestone - SMMT

Registrations by private motorists had the strongest performance, rising 5% to 76,726 new cars. Petrol cars were also up strongly, gaining 8.9%, with diesel auto registrations down 4.3%, continuing the fall seen in December, amid suggestions of higher taxes to curb emissions.

Business

Promises over Commons vote on final Brexit deal dismissed as 'fig leaf'

Mr Boles has been off work since his diagnosis last October. But he was hospitalised in the latest round of chemotherapy after suffering an infection. What is a three-line whip? Senior figures including shadow business secretary Clive Lewis have threatened to quit rather than back the legislation.


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