Business


Rogue OPEC member could upset Russian Federation and Saudi Arabia's 'new oil order'

Kazakhstan, however, said it could not join a prolonged cut on the same terms. "To underscore the determination of oil producers to ensure market stability, predictability and sustainable development - the joint actions of the participating producers should be extended by 9 months, through March 31, 2018", Saudi Arabia and Russian Federation said in a joint statement published Monday by Russia's energy ministry.



Brazil's top court releases testimony linking president to bribes

Overall, the Car Wash probe has led to more than 90 convictions of businessmen and politicians and prompted the investigation of dozens of sitting Congress members and a third of Temer's cabinet. This came after authorities released what they said was a secretly recorded conversation between Temer and a business executive in which the president is purported to have given his blessing to monthly payments of hush money to a jailed politician.



Ford Announces 1400 Salaried Job Cuts

Ford will offer about 1,400 white-collar workers early retirement and separation packages as part of the job-cutting plan, with people expected to leave by September, the company said. Ford is adding new capacity, among other things converting a suburban Detroit plant to build a new SUV reviving the old Bronco nameplate, as well as a new midsize pickup that brings back the Ranger badge.



S Korea: N Korea fires unidentified projectile

North Korean leader Kim Jong-un. With an imputed range of 4,500 kilometres, the Hwasong-12 also puts USA bases on the Pacific island of Guam within reach. Meanwhile, Japanese Prime Minister Shinzo Abe said he would raise the issue at a G7 summit in Italy next week. He accused North Korea of "trampling on the global community's efforts aimed at a peaceful settlement".



USA stock indexes edge higher in early trading; oil down

Shares of Wal-Mart rose 1.9 per cent to US$76.56 in mid-morning trading. Wal-Mart's performance was highlighted by a 1.4 percent growth in same-store sales - or sales in stores open for at least a year -and a 1.5 percent increase in traffic across its domestic locations.


Eight Hurt When Plane Collides With Truck on LAX Taxiway

Eight Hurt When Plane Collides With Truck on LAX Taxiway

ET) as the plane approached a gate. The injured have been taken to the hospital. The aircraft remained in Los Angeles on Saturday night "pending a review by AeroMexico staff to determine the extent of the damage and it's flight worthiness", the airport said.