Business


OPEC aims to extend supply curbs as oil glut persists

But the hoped-for benefits could be short-lived. Benefiting from a market known as contango, in which future oil prices are higher than those for immediate delivery, US drillers have sold future production in order to finance expanding output.



China Downgrade Misses the Point on Debt Risk

Moody's changed its outlook on China from stable to negative in March 2016. Moody's downgrades China's rating for first time since 1989One of the world's biggest credit rating agencies, Moody's Investors Service, has downgraded China. "In recent years, rating agencies have maintained India's BBB- rating, notwithstanding clear improvements in our economic fundamentals (such as inflation, growth, and current account performance)", India's Chief Economic Advisor Arvind Subramanian said, PTI ...


OPEC extends oil output cut by nine months - delegate

OPEC extends oil output cut by nine months - delegate

Brent futures rose to $54.34 per barrel by 0652 GMT, up 19 cents, or 0.35 percent, from their last close. Opec's cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers, which heavily rely on energy revenues and have had to burn through foreign-currency reserves to plug holes in their budgets.


Dynegy Inc (NYSE:DYN) Institutional Investors Sentiment Index Increased in 2016 Q4

Dynegy Inc (NYSE:DYN) Institutional Investors Sentiment Index Increased in 2016 Q4

Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. Several research firms have weighed in on DYN . The Return on Equity (ROE) value stands at -34.7%. According to these analysts, the Low Revenue Estimate for Dynegy Inc.is 987 Million and the High Revenue Estimate is 1.27 Billion.



5 injured, passengers evacuated after plane engine fire at Newark Airport

No injuries were reported in the fire, but one person was injured in a fall, possibly during the evacuation, the sources said. See more at PIX11.com. The FAA said there was one minor injury reported, but Newark Airport said later in a tweet that there were five minor injuries. The man insisted that he has a seat on the plane while arguing with other passengers.


Fed Minutes to Offer Clues on Debate Over Path of Rate Increases

Fed Minutes to Offer Clues on Debate Over Path of Rate Increases

Assuming the economy continues to perform as expected, with continued job and wage growth leading to a rebound in consumer spending and business investment, "most participants judged.it would soon be appropriate" to raise rates again, the minutes stated.