Business


Oil prices struggle on doubts OPEC can rein in oversupply

Data from the American Petroleum Institute showed on Tuesday that US crude stocks rose by 2.8 million barrels in the week to June 9 to 511.4 million, compared with expectations for a decrease of 2.7 million barrels. The International Energy Agency on Wednesday said it expected growth in non-OPEC supply to be higher next year than growth in overall global demand.



17 dead in London tower fire, police confirm

Fire and rescue crews worked at Grenfell Tower throughout a second night, searching for victims in a building that is still smoldering. On Wednesday's London fire , at least 17 people have been killed in a massive blaze that engulfed a high-rise Grenfell Tower, raising serious questions about fire safety in Britain's housing blocks.


Trump friend floats possibility of his firing special counsel in Russian probe

Trump friend floats possibility of his firing special counsel in Russian probe

House Speaker Paul Ryan says the White House and President Donald Trump should let the special counsel's investigation continue, and await vindication. Kellyanne Conway says Robert Mueller's close friendship with James Comey raises serious ethical questions. Mueller was widely hailed by many, including Trump friends, as a competent, responsible, unassailably honest iand objective nvestigator.


Former Amcor CEO to succeed Nasser at BHP

Former Amcor CEO to succeed Nasser at BHP

Despite being the world's biggest mining house, BHP has a history of appointing executives from outside the sector as chairs. MacKenzie has worked on the BHP board as a non-executive director since September 2016. In a statement, the USA investment group said: "BHP has an entrenched board, with long-tenured directors having approved the disastrous acquisitions and poorly timed share buybacks that are at the root of much of today's underperformance".



S&CO Inc. Buys 2503 Shares of JP Morgan Chase & Co (JPM)

About 116,246 shares traded or 176.86% up from the average. (STRM) has risen 7.69% since June 13, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. The insider Lake Marianne sold 13,072 shares worth $1.09M. Over the last quarter, insiders have sold 20,711 shares of company stock worth $1,775,791.



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 ...