Business

Oil drops after OPEC-led output cut extension falls below expectations

Opec said the cuts could be extended at the next meeting. " OPEC agreeing to nine months without deeper cuts leaves prices at the mercy of inventories and U.S. Competition from the United States shale has toughened and is threatening OPEC's monopoly. However, speculators had been anticipating longer, perhaps deeper output limit agreement, and have loped more than 5% from oil price since the pact was first confirmed by Saudi Arabia's oil minister early in the day's proceedings.

Business

Solo climber is 1st up Yosemite's El Capitan without ropes

The most hard part of the route is about 2,300 feet off the ground, where there are very small holds where only a thumb can fit. "He is totally alone at the top of his game". At exactly 9.28am, Honnold hoisted himself up over the lip onto the summit which was no more than a few feet across - making him the first person in history to climb El Capitan without a rope.

Business

OPEC and non-OPEC nations poised to extend output cuts

Oil prices plunged almost 5% after OPEC's announcement of extending production cuts disappointed some traders who had hoped for a more aggressive plan for boosting crude prices. "There have been suggestions [of deeper cuts], many member countries have indicated flexibility but. that won't be necessary", Saudi Energy Minister Khalid Al Falih said before the meeting.

Business

PM May's lead falls to 3 pct points

After a hectic campaign which was suspended by a suicide bombing last week , pollsters have offered a vast range for the result of the election: From May losing her majority to a landslide victory for her Conservatives of more than 100 seats.

Business

Jobs growth takes shine off dollar, stocks hold all-time highs (UKX)

The highest rate was in the Cleveland, Ohio, area, at 5.4 percent. The New Zealand dollar was 0.1 percent higher at $0.7072 after it was also hit by the lacklustre Chinese numbers. economist, at Natixis North America in NY. The dollar index, tracking the unit against key foreign currencies, fell to a seven-month low and was last down 0.44 percent at 96.774 .DXY The euro was 0.50 percent higher against the dollar to $1.1267.

Business

Soros warns European Union of 'existential crisis' ahead of Brexit talks

Orban's latest measures include an attempt to stifle the Soros-founded Central European University in Budapest and to crack down on NGOs supported by Soros' Open Society Foundations. He argued that the way to change the trend is to reform the European Union by combining the "top-down approach of the European Union institutions with the bottom-up movements that are necessary to engage the electorate".


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