Business

May OPEC output highest since January

May OPEC output highest since January

The report also revealed a shock increase in diesel and petrol inventories after the EIA estimated U.S. demand fell by 1 million barrels a day last week. The West Texas Intermediate crude contract for July delivery dropped about 1 percent to a session low of $45.20 a barrel, below its close of $45.23 on November 29, the day before OPEC agreed to cut output to support the market.


Dollar sags to around ¥109.30 on lower Treasury yields

Dollar sags to around ¥109.30 on lower Treasury yields

In Britain, the latest opinion poll by Survation for ITV television showed Prime Minister Theresa May's lead over the opposition Labour Party holding at just one percentage point ahead of Thursday's election. President Donald Trump allegedly pressured him to drop his investigation into former National Security Adviser Mike Flynn, who was sacked for failing to disclose conversations with Russian officials.


Infosys founders may be looking to exit company

Infosys founders may be looking to exit company

People privy to the development told the newspaper that the promoters group, led by NR Narayana Murthy and Nandan Nilekani , might sell their entire 12.72 percent stake, worth around Rs 28,000 crore in Infosys . Murthy then onwards sought exit of Chairman R Seshasayee, saying that the board had failed in its fiduciary responsibility. It may be noted that the co-founders have been "interfering" in company affairs even as they do not hold any executive or non-executive positions at Infosys.



Calls for Theresa May to quit as snap election delivers hung parliament

In May's count speech in Maidenhead, she appeared to concede that a Tory majority was out of reach - talking of the need for a "period of stability". "The British have spoken, they have voted, and have given the Conservative party a majority, albeit a simple majority, which is something of a surprise", French Prime Minister Edouard Philippe told Europe 1 radio.


Brazil's Natura to seal €1 billion deal for The Body Shop

Brazil's Natura to seal €1 billion deal for The Body Shop

The cosmetics giant said Natura, which also owns cult beauty brand Aesop, would "nurture the brand DNA around naturality and ethics" and support the long-term development of Body Shop. São Paulo-based Natura is the largest cosmetics manufacturer in Brazil, and employs 7,000 staff across Argentina, Chile, Mexico, Peru, Colombia and France.



France confirms death of second citizen in London Bridge attack

Three men - Khuram Butt, Rachid Redouane and Youssef Zaghba - drove into pedestrians on London Bridge on Saturday evening (local time ) before stabbing passers-by with knives, killing eight. Collina said she understood the anguish felt by the family and friends of those killed and injured in the attack and vowed to try to prevent other young Muslims from becoming radicalised.