Business

Oil near flat in strong week for crude

Oil near flat in strong week for crude

Oil prices edged higher yesterday after the International Energy Agency (IEA) said the market was nearing balance, while USA data showing higher production kept gains in check. The Brent crude futures contract for June 2017 delivery rose ~0.21% to $55.98 per barrel. OPEC said its production, including Nigeria and Libya, fell about 150,000 bpd in March to 31.93 million bpd, as Saudi Arabia continued to make a larger cut than called for by the deal.



Noteworthy Price Swings: Marsh & McLennan Companies, Inc.'s (MMC)

Analysts forecast that Marsh & McLennan Companies, Inc. will post $3.74 earnings per share for the current fiscal year. Marsh & McLennan Companies's payout ratio is 40.24%. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. It's probably also worth saying that if the company has been a dividend payer for less then 10 years I don't yet consider it to be a pure "dividend" stock, instead I would consider the dividend as part of a value or growth ...



United Kingdom prime minister seeks snap June 8 election to bolster Brexit hand

European Union chief negotiator Michel Barnier has said he expects full negotiations to start in early June, although it remains unclear what the British position on that will now be, given the electoral timetable. Business leaders from across the region have called for clarity on plans to strengthen the economy in the upcoming General Election, which was announced yesterday by Prime Minster Theresa May.



Trump Is Finding China's Blind Spot On North Korea

President Donald Trump's strategy of threatening North Korea could set "the stage for successful diplomacy" to limit the hermit nation's nuclear program, William J. "We're going to work with China and see if they do more". Perry, who as the Pentagon chief under President Bill Clinton pushed for the U.S. to strike North Korea's burgeoning nuclear facilities in 1994, now says that military action against North Korea no longer makes sense, and that North Korea wouldn't dare strike first.


IndusInd Bank Q4 net profit rises 21 percent

IndusInd Bank Q4 net profit rises 21 percent

Net interest income (NII), or the core income a bank earns by giving loans, increased 31.5% to Rs1,667.45 crore from Rs1,268.21 crore a year ago. Its net income for the fourth quarter rose 6.89% on-quarter to Rs 5,041.31 crores. On year-on-year basis, it jumped 35.8% from Rs776.82 crore. In absolute terms, however, gross NPA in Q4FY17 increased 8.6 percent to Rs 1,055 crore and net NPA rose 9.5 percent to Rs 439 crore compared with previous quarter.



General Election 2017: Labour "relish" snap election

For decades British prime ministers could call elections at will, but that changed with the 2011 Fixed-Term Parliaments Act, which established set polling days every five years. European Council President Donald Tusk tweeted that he had a "good phone call" with May about the election, and the council said the bloc's Brexit plans were unchanged by the announcement.