Business

Oil prices hit seven-month lows on global oversupply

Oil prices hit seven-month lows on global oversupply

Data on Friday showed a record 22nd consecutive week of increases in the number of USA oil rigs, bringing the count to 747, the most since April 2015. For example, when there is an oversupply, prices decline, which increases demand and consumption. USA crude stockpiles remain more than 100 million barrels above the five-year average, according to data from the EIA.



Amazon's Whole Foods deal set to quicken grocery evolution

How do you feel about a giant like Amazon coming to Australia? That is by design, not because they can't come up with any ways to make money. Amazon has not yet released its specific strategy. "We're proud of our fresh food credentials, with 96% of all our fruit and vegetables sourced from Australia". Like most of the Street he has a buy rating on AMZN stock.



Bank of America Cuts Rating On The Travelers Companies, Inc. (TRV)

Moreover, Hillman Co has 4.88% invested in the company for 575,950 shares. Brown Advisory Inc. now owns 48,571 shares of the insurance provider's stock valued at $5,945,000 after buying an additional 539 shares during the last quarter. The Travelers Companies's dividend payout ratio is now 28.40%. "(TRV)" was first published by Markets Daily and is the property of of Markets Daily. If you are reading this article on another domain, it was copied illegally and republished in violation of United ...



Ireland's Varadkar says reassured by UK PM May over DUP deal

It is feared their heightened influence could jeopardise the Belfast Agreement, aka the Good Friday Agreement. The ruling Tories need the backing of the 10 DUP MPs to form its minority government following a hung Parliament verdict in the June 8 snap general election.


European Union negotiator says sides agree Brexit must be orderly

European Union negotiator says sides agree Brexit must be orderly

The EU's chief Brexit negotiator Michel Barnier said his first talks with U.K. Brexit Secretary David Davis on Monday got off to a good start, with an agreement on how to structure the discussions to end Britain's membership of the European Union after more than 40 years.


Decision on Sky takeover put back until 29 June

Decision on Sky takeover put back until 29 June

On Tuesday two regulators submitted their findings to the government after being asked to look into whether Fox would have too much control of the media, and whether it would be committed to upholding broadcasting standards if the deal went ahead.