Business

Saudi says Opec deal invigorating United States shale industry

As of Monday, the cartel's basket price - an index of oil prices from its member countries - recovered slightly from a dip between Wednesday and Friday, sitting at $53.09. Saudi energy minister Kalid Al-Falih has described talk of peak oil demand, in the face of rising acceptance of electric vehicles and renewable energy schemes, as unsafe and misguided.

Business

Australia Holds Rates as Sydney House Prices Pose Stability Risk

RBA governor Philip Lowe said it was appropriate to leave the cash rate at a record low of 1.5 per cent amid the continuing economic transition away from mining-led growth. "The depreciation of the exchange rate since 2013 has also assisted the economy in its transition following the mining investment boom". The upshot is the current 5.7 percent jobless rate probably overstates the labor market's health.

Business

Kerala: Five detained for molesting minor girls

According to police the children were abused by the accused, between 4pm and 4.30pm after school. Office-bearers of the orphanage told the media that the moment they came to know about the incident and realized the horror the girls had been through, they reported the matter to the police.

Business

3D printer builds home in 24 hours, company claims

However, once the walls were printed and the 3D printer was removed by a crane manipulator, a group of contractors had to install insulation, windows, appliances, and a roof. If Apis Cor does start 3D printing houses, owners can choose any shape they want and even choose to make one larger than this compact abode. It features one particularly striking architectural design, as one of the main walls curves at the same radius as a curved television; this was done to show off the capability of ...

Business

Advanced Micro Devices Inc

LLC raised its position in Advanced Micro Devices by 11.4% in the third quarter. Neuberger Berman Group LLC now owns 23,391 shares of the semiconductor manufacturer's stock worth $162,000 after buying an additional 804 shares in the last quarter.

Business

Azerbaijan downs oil production under OPEC agreement

After rising 8.7% in December to $53.72, crude prices fell 2.3% in January 2017 to $52.81 then rose 2.4% to $54.01 in February 2017. OPEC's November deal, the prospects for its continuation and rosier investment prospects for the industry will dominate the discussions, with state-run producers and Big Oil both positioning themselves for an upturn in the notoriously cyclical business.


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