Business


OPEC, non-OPEC hold informal talks to nail new oil cuts

The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the deal reached in December in which OPEC and 11 non-members, including Russian Federation, agreed to cut output by about 1.8 million barrels per day in the first half of 2017.


Govt approves phasing out of 25-year-old Foreign Investment Promotion Board

Govt approves phasing out of 25-year-old Foreign Investment Promotion Board

Cases pending for approval with the FIPB would now be taken up by the respective ministries, the Finance Minister clarified. Jaitley further said that proposals in sensitive sectors will require the home ministry's approval. The FIPB is the inter-ministerial body - or a single window clearance mechanism for applications on foreign direct investment (FDI) in India in sectors under the government approval route.



Notre Dame Graduates Protest Pence's Commencement Speech

The walk-out was not overly disruptive, with the students who organised the protest apparently speaking to the university about how to leave the ceremony in such a way that they'd cause as little commotion as possible. The Facebook page for the event asked students and their parents "to walk out with us as we take back our graduation and show our dissatisfaction with the University's selection of Mike Pence as honored speaker".


General Electric Company Sees Unusually Large Options Volume (GE)

General Electric Company Sees Unusually Large Options Volume (GE)

Paloma Partners Management Co raised its position in shares of El Paso Electric Company by 144.8% in the first quarter. Citigroup initiated the shares of GE in report on Thursday, January 21 with "Buy" rating. Point72 Asset Mgmt Limited Partnership stated it has 0.31% of its portfolio in General Electric Company (NYSE:GE). Moreover, Quantbot Tech Lp has 0.01% invested in El Paso Electric Company (NYSE:EE).


Tanzania: Magufuli Sacks Energy Minister Prof Muhongo

Tanzania: Magufuli Sacks Energy Minister Prof Muhongo

The containers, which had mineral sands from mines in Buzwagi and Pange, were located at a privately run terminal and were awaiting customs procedures before being shipped overseas. Mining accounts for about four per cent of Tanzania's gross domestic product. Acacia, majority owned by Barrick Gold, has three Tanzania gold mines that also produce copper.



Manchester attack: Olivia Campbell was a 'precious girl'

USA security sources, citing British intelligence officials, said Abedi was born in Manchester to parents of Libyan origin. May said it was possible a wider group was linked to the bombing, prompting the deployment of troops a little more than two weeks before a national election.