Business

OPEC cuts will have a muted effect on consumers

OPEC cuts will have a muted effect on consumers

The Opec agreed its first supply cut in eight years yesterday, after more than two years of depressed oil prices. February Brent crude LCOG7, +1.45% on London's ICE Futures exchange rose $0.70, or 1.4%, to $52.56 a barrel, the highest level in more than a five weeks.



D4T4 Solutions Plc reiterated as Corporate By Finncap

The stock now has an average rating of "Buy" and an average target price of GBX 1,090.50 ($13.53). In the prior 12 months Shaftesbury's stock price has increased by 0% from 0.00 to 921.5. If you are reading this story on another website, it was illegally copied and republished in violation of US and global copyright law. The correct version of this news story can be read at http://sportsperspectives.com/2016/11/29/exova-group-plc-exo-earns-outperform-rating-from-credit-suisse-group-ag/.


Iran welcomes OPEC production cut decision

Iran welcomes OPEC production cut decision

The deal will have to hold together for many months and inventories will have to show it to help oil prices stay above US$50 a barrel with confidence and possibly cross $60 a barrel. Oil prices skyrocketed on his comments and on the news that a deal was within reach. It involves significant reductions by heavyweights including Saudi Arabia, the group's most powerful member and de facto leader of the cartel.


Uber Defends Business Model, Wants to Avert Strict EU Rules

Uber Defends Business Model, Wants to Avert Strict EU Rules

The case concerns its UberPOP service which the company halted after the lawsuit. Such a ruling would subject the company to stricter rules on licensing, insurance and safety, with possible knock-on effects on other startups such as online home rental company Airbnb and food delivery company Deliveroo, other big brands in the sharing economy.



GDP grows at 7.3% in September quarter

Gross fixed capital formation, at constant prices, contracted by 5.6 percent. Fitch has gone further with revising the GDP growth downwards to 7.7 per cent from earlier 8 per cent for 2017-18 & 2018-19. According to DK Srivastava, chief policy advisor, EY India, "The fall in the growth of manufacturing, electricity and services is particularly disappointing".



Breitbart urges Kellogg's boycott over pulled ads

Using the hashtag #DumpKelloggs to promote a petition through social media, Breitbart is urging its readers to "ban bigotry from the breakfast table". Bannon said the controversy is merely an attempt by liberal critics to smear both him and Trump after losing the election. In an interview with The Hollywood Reporter, Bannon disputed allegations that he is a white nationalist .