Business


Oil prices edge higher as Opec meeting looms

Opec agreed in Algiers to reduce collective output to 32.5 million to 33 million barrels a day and has been trying to persuade other suppliers to join the cuts, notably Russian Federation. The dollar sprinted to its 13-year high against a basket of major currencies on comments by U.S. Federal Reserve Chair Janet Yellen, who said the interest rate increase could happen "relatively soon", indicating high chances of the rate hike in December.


Prof accused of tweeting about killing whites put on leave

Prof accused of tweeting about killing whites put on leave

A student allegedly reported his remarks to the university. Allred has made it clear he is not anxious about his position at Rutgers because he "never had job security". "Kevin Allred told the Daily News that he spent just two hours at the hospital before doctors agreed he had no psychological issues". Allred says that after the election he had a discussion in class about whether conservatives be so committed to the Second Amendment if more white people were killed by gun violence.


Van carrying 16 dogs stolen in Toronto

Van carrying 16 dogs stolen in Toronto

It was later revealed that the van was being driven by a dogwalker employed by Soulmutts Torontowho went upstairs to pick up another dog when the vehicle was stolen. The suspect is described as male, white, 6 feet tall and 200 pounds with wavy blonde hair down past his ears. They had left the vehicle running with the air conditioning on for the puppers, and had taken a second auto key inside with them.


Gold falls on stronger $US, Yellen comment

Gold falls on stronger $US, Yellen comment

Well its a week since the victory, and the yellow metal has lost circa US$100 an ounce. Gold fell to a 5-1/2-month low on Thursday, giving up earlier gains as the dollar index tapped a 13-1/2-year high on strong U.S. Financial markets expect the Fed to hike next month and have begun pricing in a much more aggressive run of rate increases after Mr Trump promised during campaigning for the Nov 8 election to boost the USA economy with spending on infrastructure.


Aid convoy reaches quake-hit New Zealand town as damage bill mounts

Aid convoy reaches quake-hit New Zealand town as damage bill mounts

Helicopters have ferried scores of residents and tourists out of a small New Zealand town as others boarded naval ships, three days after the region was completely cut off by landslides following a major natural disaster. On Thursday rain brought down more slips and with continuing aftershocks it was deemed to unsafe to use the Inland Kaikoura Road, which military vehicles had been operating on but a 27-truck convoy carrying supplies couldn't get through.


Dollar soars to highest since April 2003

Dollar soars to highest since April 2003

Spot gold (XAU=) inched up 0.1 percent to $1,226.31 an ounce, putting some distance between the five-month low of $1,211.08 seen on Monday. The pound reached an early session high of $1.2528 before sliding to $1.2463. Treasury yields continue to rise. European shares fell on Wednesday, weighed down by a pull-back in banking stocks, while German chemical group Bayer slumped after a costly bond issue.