Iranian channel Press TV reported that the decision of the 13-nation cartel that includes Iran and Saudi Arabia, to extend the cuts for 9 months would effectively lower OPEC's production by 1.8 million barrels per day. Thursday's sell-off came after the oil price jumped 98 cents to $50.33 a barrel on May 19 when Saudi Arabia reached the deal the rest of OPEC approved Thursday.
But the juxtaposition of the election in Iran and the gathering in Saudi Arabia seemed to highlight a reality of the Middle East that presidents have long wrestled with: How to choose partners and seek United States interests in a region torn by sectarian splits and competing agendas? Trump stressed the common threat Iran presents to Israel and its neighbouring Arab countries, as well as the dangers of Tehran possessing a nuclear weapon, after meeting with Israeli President Reuven ...
Microsoft Corp now has $532.72B valuation. About 157,164 shares traded. Investors sentiment decreased to 0.87 in 2016 Q4. It has outperformed by 26.50% the S&P500. About 12,564 shares traded. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock.
Economists had been expecting GDP growth to slow from 0.7 per cent in the fourth quarter of past year, but they had pencilled in growth of 0.3 per cent for the first three months of 2017. It is on track for a 3.9 percent weekly loss. The figures offer some hope that people in Asia's second-largest economy might be spurred to start spending more as growth recovers although economists say the consumer price index's 0.3 percent increase is not likely to rise further.
Earlier yesterday, Mr Xi urged major multilateral institutions to join the Belt and Road initiative, stressing the importance of rejecting protectionism in seeking global economic growth. investment firm specialising in frontier and illiquid markets. ASEAN countries should use China's Belt and Road initiative to develop their business ties to an enhanced level, said one of its key officials.
Kagan, in return, said Alito and the dissenters accepted the word of the North Carolina legislature rather than the three-judge panel that heard evidence in the case and found the congressional districts unacceptable. Now legal analysts say that the decision has thrown the door wide open for more lawsuits of partisan congressional district lines. The redrawn lines benefitted Republican candidates in other districts.