Business


China's One Belt, One Road Financing Welcomes Local Currencies, Says PBOC Chief

The Belt and Road Forum is being attended by 27 other Heads of State/Government. The Belt refers to the Silk Road Economic Belt which comprises three overland routes: connecting China, Central Asia, Russia and Europe; linking China with the Persian Gulf and the Mediterranean Sea through Central Asia and West Asia; and connecting China with Southeast Asia, South Asia and the Indian Ocean.



Acting FBI Chief Contradicts Trump Over Bureau Support for Comey

A farewell letter from Comey that circulated among friends and colleagues said he does not plan to dwell on the decision to fire him or on "the way it was executed". Lavrov, who last set foot in Washington in August 2013, dismissed all claims of election meddling as "fabrications". The New York Times reported that Trump was also bothered by his inability to gain assurances of loyalty from Comey.



Victory, early-season success help redefine Ricky Stenhouse Jr

It's been a good one for a long time (five top-10s at TSS). He said the auto wasn't fast in pack racing, which is especially hard to overcome at a venue where drivers are often racing three-wide. The most dramatic circumstance on Sunday occurred on the backstretch on lap 169 of a scheduled 188. He has now driven into the top 10 for the third consecutive week, and it's the first time he has done that in his career.



Vereit Inc (VER) Insider Hugh R. Frater Buys 10000 Shares of Stock

The Return on Equity (ROE) value stands at 0%. The consensus means EPS for the current quarter is at -$0.01 derived from a total of 1 estimate. The company's revenue was down 5.7% on a year-over-year basis. Market Capitalization can be thought of as the overall price to buy the company. The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th.



Germany posts 0.6 percent Q1 GDP growth

But the first quarter was also boosted by strong exports, particularly to Asia. Germany's economy accelerated in the first quarter, driven by a revival in global trade and buoyant construction activity. The data also underlines the strength of the German economy compared with its peers. The growth rate, which is adjusted for price, seasonal and calendar variations, followed 0.4 percent growth in the last quarter of 2016 and was in line with expectations.


Oil prices rise in expectation of Aramco supply cut to Asia

Oil prices rise in expectation of Aramco supply cut to Asia

Brent, against which half of the world's oil is priced, rose by $1.53 to $50.26 per barrel as of 6:10pm Nigerian time, while the US West Texas Intermediate increased by $1.57 to $47.45 per barrel. OPEC and the non-OPEC producers also cutting output meet on May 25 and are expected to extend the supply cut at least into the second half of the year.