Business


Oil falls to 5-week low on unexpected United States gasoline stock build

NIGERIA's Brent crude price may increase by between $2 and $3 per barrel in the coming weeks, on the back of stable demand and low volatilities, a report by the global oil research firm S&P Global Platts, has predicted. Oil prices plunged more than 3 percent today, but it wasn't OPEC's increasingly flimsy production cut coalition that had traders so skittish. Global oil benchmark, Brent crude, extended its decline on Wednesday as it fell to a seven-month low after data showed an ...



Mayweather, McGregor agree to superfight

Undefeated boxer Floyd Mayweather and mixed martial arts champion Conor McGregor , two of the most popular athletes in their respective sports, have agreed to a crossover fight in the ring on August 26 in Las Vegas , Mayweather said in a tweet on Wednesday.


WPI inflation eases to 2.17%, falls for second straight month

WPI inflation eases to 2.17%, falls for second straight month

WPI inflation was 3.85 percent in April and (-) 0.9 percent in May 2016. Government data showed that prices of food articles shrank by 2.27 per cent in May on an yearly basis. It added, "The improved monsoon outlook and the upward revision in advance estimates of crop output would dampen inflation rates although the seasonal rise in price perishables, decline in reservoir levels and revision in minimum support prices would push food prices to some extent".



Trump says Scalise condition 'difficult'

Rep Steve Scalise , R-Louisiana, who remain in critical condition . Separately, Republicans also met behind closed doors before leaving Washington for the week. Texas Rep. Roger Williams said one of his aides, Zack Barth, was shot but was doing well and expected to recover fully. U.S. Capitol Police Chief Matthew Verderosa said Griner was shot in the ankle and is in good condition.



Eland Oil & Gas PLC (ELA) Rating Reiterated by Canaccord Genuity

Investec reissued a "buy" rating and issued a GBX 157 ($2.03) price objective on shares of FirstGroup plc in a research report on Friday. The stock has "Buy" rating by Guggenheim on Friday, August 28. Old Mutual Customised Solutions (Proprietary) Limited owns 4,000 shares or 0.28% of their USA portfolio. Stevens Management L P holds 6,999 shares. Washington Tru Natl Bank holds 30 shares or 0% of its portfolio.


Tesco has best quarter in seven years on health, price push

Tesco has best quarter in seven years on health, price push

Shares rose 3% in early trading. While Friday's gains were spread across the market with all sectors in positive territory, European and British indices were on track to end lower for the second week in a row, weighed by fresh growth worries, valuation concerns and political uncertainty in the UK.