Business

Qatar welcomes Saudi decision to reopen borders for Hajj

The Qatari envoy, Sheikh Abdullah Bin Ali Al Thani, and the crown prince stressed on the historical ties between the people of Saudi Arabia and Qatar and between the two royal families. Qatar's National Human Rights Committee issued a brief statement Thursday responding to what it said were "reports in Saudi media" outlining the kingdom's measures for Qatari pilgrims.

Business

Uber Bows to Philippines Suspension After Show of Defiance

Following a back-and-forth with regulators, Uber has temporarily shuttered its operations in the Philippines. "Arcade City is recruiting and activating drivers same-day all across the Philippines to provide service in the gap left by Uber's abrupt withdrawal yesterday (Tuesday), which put 66,000 drivers out of a job and stranded tens of thousands of riders", it said on Facebook.

Business

Trump attacks Merck CEO after he resigns from president's council over Charlottesville

At Trump Tower in NY late Monday, thousands of demonstrators gathered around the building to protest the events in Charlottesville and Trump's response. "In a tweet , Lloyd Blankfein quoted President Abraham Lincoln: "'A house divided against itself can not stand.' Isolate those who try to separate us.

Business

Asian shares, dollar rally as N. Korea blinks

Australian shares were down 1.3 percent, set for a weekly loss of 0.6 percent. North Korea responded to the threat with a promise to land missiles near the US Pacific territory of Guam. "Geopolitical tensions are the main focus: the S&P 500 was down 1,5 percent last night and many investors are becoming risk averse", said DZ Bank strategist Andy Cossor.

Business

German GDP growth decelerates in the second quarter

According to the Financial Times , that's the fastest rate of annual growth since 2014. Foreign trade was the weaker spot: import growth exceeded export growth. Her Christian Democratic party-led bloc is widely expected to emerge as the largest in parliament as Ms Merkel reaps the benefits of the country's booming economy.

Business

Summit Midstream Partners, LP (SMLP) Reaches New 52-Week Low at $19.90

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 2.77, and a price to sales ratio of 1.07. Royal Financial Bank Of Canada holds 0% of its portfolio in Martin Midstream Partners L.P. Antero Midstream Partners's payout ratio is presently 86.49%. TRADEMARK VIOLATION WARNING: "Magellan Midstream Partners L.P. (MMP) is Lucas Capital Management's 8th Largest Position" was reported by Week Herald and is owned by of Week Herald.


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