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Finance

President Donald Trump's popularity in his home state continues to fall, according to a new poll out this morning. The numbers for Congress are even worse. "In general, do you approve or disapprove of the job President Trump is doing as president?" "What they are seeing right now is politicians of all stripes not working for them".
  • Iraq, Algeria support extension of oil production cuts

    Finance

    In its monthly oil market report (MOMR), OPEC said the USA oil and gas companies have already stepped up activities in 2017 as they start to increase their spending amid a recovery in oil prices. Bake told the S&P Global Platts Crude Oil Summit that while oil inventories were shifting, with cargoes moving from the Atlantic Basin into Asia, the overall drawdown that many hoped for amid OPEC-led production cuts had not yet materialised.
  • Oil up on drop in US petroleum stocks, possible OPEC cut extension

    Finance

    Oil prices edged up on Tuesday, driven by anticipation that an OPEC-led pledge to cut production would be extended beyond the first half of the year and into 2018, although overall high supply still weighed on markets. "We saw the biggest draw in (U.S.) inventories for the year last week with stockpiles down more than 5 million barrels , and it looks like OPEC's production cut is finally biting", said Greg McKenna, chief market strategist at brokerage AxiTrader.
  • Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

    Finance

    He vocally supported Hillary Clinton in the 2016 presidential election. Health care costs in other countries are now 10 percent or 11 percent of GDP, even though the ratios were on par with the US decades ago, he said. In the session, Buffett honored Vanguard founder Jack Bogle's work in creating passive investment funds, saying he has saved investors "tens and tens and tens of billions" of dollars.
  • Bank of England keeps rates at record low as economy slows

    Finance

    The small downgrade comes after a first quarter in which slower consumption put a brake on growth, with a weak 0.3 per cent quarterly expansion that surprised many economists. Still, there remains a chance that one other policymaker will vote for higher interest rates - possibly former Citi economist Michael Saunders, who hinted at this last month.
  • Indonesian Governor Sentenced to Two Years in Prison for Blaspheming Islam

    Finance

    The minority Christian governor is now on trial on accu. The trial has been widely seen as a test of religious tolerance in the world's largest Muslim-majority nation, tolerance lost. The Islamist opposition to Ahok started in 2014 when he became the Governor of Jakarta , but intensified with the blasphemy case and subsequent protests.
  • Portion of tunnel containing nuke waste collapses at Hanford

    Finance

    The tunnel in question may itself contain items that were used when the plant was operating and which remain contaminated. This image provided by the U.S. The collapse occurred where the roof of one of the tunnels at the PUREX facility had caved in, affecting a 20-foot stretch of the roughly 100-foot tunnel, Henderson said.
  • French Stocks Soar to Near-Decade Highs as Macron Tops Poll

    French Stocks Soar to Near-Decade Highs as Macron Tops Poll

    Finance

    On Sunday, Macron and Le Pen emerged as the two top contenders in the first round of the election, set to face each other in the run-off on May 7. The French term she used signalled that the move to step aside would be temporary. The other line of attack is to play up his past associations with President François Hollande. Critics say her tactics would range from unconstitutional to inhumane, and they warn that the financial panic unleashed by any attempt to leave the European Union would ...
  • Trump agrees to renegotiate NAFTA with Mexico, Canada

    Trump agrees to renegotiate NAFTA with Mexico, Canada

    Finance

    The mere rumour of it happening this week, floated by the White House, shaved nearly two per cent off the Mexican peso and a third of a cent off the loonie, while businessmen and lawmakers were up in arms. "I'm happy to engage with the president regularly", Trudeau said Thursday. The move, which one source said might come as soon as Trump's 100th day in office on Saturday, could unravel one of the world's biggest trading blocs.
  • Le Pen speech plagiarism 'a wink to former candidate Fillon'

    Finance

    A police source said: 'Around one hundred hooded protestors got as close as they could to police lines, and then one or two threw Molotov Cocktails. It appears far-right French presidential candidate Marine Le Pen plagiarized nearly an entire speech from former French prime minister, as well as her former rival presidential candidate, Francois Fillon .
  • 54 attacks on journalists in 16 months, says report

    54 attacks on journalists in 16 months, says report

    Finance

    The media advocacy organization Reporters Without Borders ( RSF ) describes Iraq as "one of the world's most risky countries for journalists" where journalists are targeted by pro-government forces and the rebel groups, including the ISIS group.