Business

Oil Ticks Higher After Challenging Week

Oil Ticks Higher After Challenging Week

U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 61 cents to $46.44, having peaked at $46.69. "The market is factoring in a little bit of disruption", said Miswin Mahesh, an oil market analyst at Energy Aspects. OPEC, for its part, has tried its best to reassure the markets, promising to do "whatever it takes" to accelerate the drawdown of excess global crude stocks and bring the market to a swift balance.



Panel to be set up for better infra along Indo-Myanmar border

Irked by the Centre's notification banning cattle trade in animal markets for slaughter, a group in Mizoram's capital organised a beef fest on Monday to coincide with Union home minister Rajnath Singh's visit. In 2015, a high-level committee report submitted by Joint Intelligence Committee (JIC) chief R.N. Ravi suggested changing the "misnomer" related to "free border movement" and asked the government to replicate the model prevalent in villages and areas along the Bangladesh border.


New Zealand's opposition plans to slash immigration by half

New Zealand's opposition plans to slash immigration by half

The net number would fall but he did not know when. National has taken its eye off the ball; Labour will get the balance right. When asked about it, Mr English says the "sharp reduction" - from 7000 now to the proposed 1000-1500 - would be problematic.



Wales can handle Serbia without Bale, says Allen

Serbia grew into the contest in-front of their expectant supporters. Vladimir Stojkovic, the Serbia goalkeeper, made a pig's ear of dealing with Ben Davies's long pass and ended up bringing down Ramsey just outside the area when he realised that he was unable to shepherd the ball out of play.


Gymboree files for bankruptcy, plans to close up to 450 stores

Gymboree files for bankruptcy, plans to close up to 450 stores

It operates 582 Gymboree stores, 172 outlets, 378 value-focused insane 8 stores and 149 upscale Janie and Jack stores worldwide. Filings show Gymboree has $1 billion in outstanding debt and $872 million due within a year. Through July 2016, Gymboree's annual profit before interest, taxes, depreciation and amortization was $71 million, down from $94 million in 2015. The company said it has not determined which stores will close yet.



Fed is set to raise rates this week despite political tumult

After a recent decline in the pace of price rises, just 11 per cent of respondents said inflation will record three straight months at or above the Fed's 2 per cent goal this year, compared to 42 per cent who made that prediction in March.