Business
Nasdaq glitch sets Alphabet & other shares to $123.47 in non-existent stock crash
Erroneous prices showed up on the websites that included CNNMoney, Bloomberg and Google Finance in after-hours trading. The US markets are closed on Tuesday for the Fourth of July Independence Day public holiday. Shares in U.S. tech giants have swung wildly in after-hours trading in what is likely to be an error from a third-party data provider. The unusual numbers didn't have any effect on actual trades in the stocks, Nasdaq spokesman Ryan Wells confirmed.
Business
KL-bound AirAsia X flight diverted to Brisbane after bird strike
Passenger Warren King said the fire was "on the engine itself and went back 20-30 feet". Passengers reported hearing loud noises and seeing sparks coming from an engine before the flight landed safely in Brisbane an hour later. This is the second incident involving an AirAsia X flying from Australia to Malaysia in the just over a week, after Flight D7 237 was forced to abort its Perth-Kuala Lumpur flight on June 25 when a missing turbine blade caused the plane to shudder like a "washing ...
Business
Growth trajectory reflects slowdown for United Kingdom manufacturers
According to the PMI report, " composite PMI for the non-manufacturing sector grew to 54.2 in June 2017 indicating growth in Non-manufacturing PMI for the second consecutive month". Britain's manufacturing growth slowed to well below that of the wide European Union figure in June, in the latest sign that the United Kingdom economy is faltering.
Business
Ex-Barclays chief John Varley appears in court over fraud charges
Four ex-Barclays bankers, including the former chief executive John Varley , have appeared in court charged with fraud. Mr. Boath has previously denied wrongdoing, as has the bank. Boath and Varley were released on unconditional bail. Barclays , execs in United Kingdom court over fraud allegations. The inquiry into the fund-raising is one of a number of regulatory issues that have plagued Barclays in recent years.
Business
All eyes on July for USA oil demand to drain glut
After 2008, the combination of the financial crisis and booming USA shale output caused OPEC's global market share to decline sharply, falling to 36 percent in 2015. "He "gets" it; few others around him do", Garman wrote. Most imports from the country are between 25° and 40°API, averaging just under 32°API. Shale oil producers have intensified technological research and with generous incentives including hedges continued to give signals and threats that their production cost would soon have ...
Business
Total to Sign Milestone Iran Energy Deal Since Sanctions Eased
Total holds a 50.1% stake in the development, while China's CNPC has a 30% interest and Iran's Petropars 19.9%. "As soon as gas extraction from South Pars Phase 11 begins, the output will be transferred via pipeline to onshore refineries 200 kilometers off the city of Asalouyeh (Khuzestan Province) for processing", he said.