Business

Heading to OPEC, UAE says backs output cut extension

Heading to OPEC, UAE says backs output cut extension

Demand may also slow. A falling price, on the other hand, should be good for consumer spending as it keeps more money in drivers' pockets and lowers the cost of goods sold for companies far and wide - but particularly for those in the transportation or more energy-intensive sectors.



$1.30 EPS Expected for Costco Wholesale Corporation (COST)

It has outperformed by 29.98% the S&P500. 04/06/2017 - Costco Wholesale Corporation had its "outperform" rating reiterated by analysts at BMO Capital Markets. Costco Wholesale Corporation (NASDAQ:COST) has risen 12.07% since January and is up 0.86% for the past week. Fifth Third Bankshares reported 15,095 shares.


Ford more than doubles new CEO Hackett's base pay

Ford more than doubles new CEO Hackett's base pay

Ford Motor Co F.N said on Wednesday new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation. Hackett, 62, was named Ford's new CEO on Monday, replacing Mark Fields after almost three years. Fields will retire from the company effective August 1 and resigned from the board, effective immediately. Some of the compensation for Hackett will vest over three years.



Trump visits Israel's Holocaust Museum, hails Jewish people

Around Bethlehem, it's a tall concrete wall covered in graffiti. In stressing threats from Iran , Trump echoed a theme laid out during weekend meetings in Saudi Arabia with Muslim leaders from around the world, many wary of the Islamic Republic's growing regional influence and financial muscle.


Trump Tosses Out Obama Playbook In The Middle East

Trump Tosses Out Obama Playbook In The Middle East

Whatever declarations he makes to Mahmoud Abbas, with all the boasting, it seems, after all, that he will not be able to clinch "the "ultimate deal" he was promising, leaving the Palestinians with even less hope for the future". If Israel and the Palestinians can forge an agreement, it could "begin a process of peace all throughout the Middle East", Mr Trump said. While the API, when proposed by Saudi Arabia in 2002, originally offered peace between Israel and the Arab world after a complete ...



Iran sees OPEC consensus for nine-month oil output cut extension

In their meeting last November, OPEC members unanimously agreed on the oil price of 60 US dollars per barrel, hence they agreed to cut output by 1.2 million bpd down to 32.5 million bpd for the first six months of 2017. OPEC members Iraq and Algeria as well as top non-OPEC producer Russian Federation also support a nine-month extension but some Gulf OPEC members including Kuwait and the United Arab Emirates have pointed to a need for further analysis.