Business

AP Moller sells Maersk Oil to Total for $7.45bn

AP Moller sells Maersk Oil to Total for $7.45bn

The transaction is expected to close in the first quarter 2018. This will give Total another foot into the North Sea, using Denmark as a regional hub for its operations in the region. Crude oil prices remain stuck at about $50 a barrel - half the level three years ago - and some notable traders see the the outlook for 2018 weakening. Read More

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Philippines Suspends Uber for One Month

Philippines Suspends Uber for One Month

Lizada said they welcome all applicants as long as they are compliant to the transport regulations of the LTFRB. The service gained prominence past year after Uber and rival Lyft pulled out of Austin, Texas over a regulatory dispute. "We have no immediate plans, but never say never", he said. The LTFRB, which has been criticized for curbing a service widely welcomed by commuters, said a new memorandum circular governing TNCs would be released next month. Read More

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Swiss franc consolidates after rallying hard on North Korea tensions

The data maintained concerns surrounding lower than expected United States inflation which could deter the Federal Reserve from raising interest rates again this year. Viacom slid 60 cents, or 1.9 percent, to $30.17. Sterling was last trading at $1.3007, up 0.25 percent on the day. Meanwhile on the domestic front, US initial jobless claims for the week ended July 29 exceeded consensus estimates (http://www.marketwatch.com/story/US-jobless-claims-rise-by-3000-to-244000-2017-08-10), ... Read More

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Today! Kylie Jenner Turn 20 With Share Newly Pic on Instagram

Today! Kylie Jenner Turn 20 With Share Newly Pic on Instagram

This is all an especially impressive accomplishment given that the Kylie Cosmetics brand is "wholly conceptualized, founded and helmed by Kylie" Jenner (albeit with plenty of help from mom/business manager Kris ). The reality star treated her 96.4 million followers to a series of eye-popping pictures which perfectly showcased her sizzling curves. And the brunette beauty wasn't convinced she'd be successful at first. Read More

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British Gas electricity price hike a 'slap in the face' for families

British Gas electricity price hike a 'slap in the face' for families

British Gas said its electricity prices would go up on September 15 and would mean an average dual fuel bill for a typical annual household tariff will rise by £76 to £1,120 - a 7.3 per cent increase. British Gas has today announced that it is hiking the cost of electricity by 12.5% or £76 a year for 3.1 million families. " Energy firms should treat all their customers fairly and we're concerned this price rise will hit many people already on poor value tariffs ", a spokeswoman for the ... Read More

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Euro jumps to January 2015 highs on European Central Bank speculation

Euro jumps to January 2015 highs on European Central Bank speculation

The latest unemployment news was also encouraging with the jobless rate sliding to an 8 year low 9.1%. That is the reason we are seeing the DAX move lower on every piece of good data from the Eurozone. While a Purchasing Managers' Index pointed to broad-based economic growth, price pressures showed further signs of easing in July. "It would bring the rate in line with our estimate of fair value and in all likelihood the market will overshoot". Read More

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AlphaBay, world's largest Dark Web market, officially shut down by DOJ

AlphaBay, world's largest Dark Web market, officially shut down by DOJ

USA authorities said they worked with law enforcement in several other countries - including Thailand, the Netherlands , Lithuania, Canada, the United Kingdom and France - to bring down AlphaBay . After AlphaBay's shutdown , its users flocked to Hansa, increasing the dark market's traffic in eightfold, Wainwright said. AlphaBay alone had 200,000 customers and more than 40,000 sellers peddling illegal goods, making it the largest takedown for a dark web marketplace ever. Read More

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Elon Musk promises world's largest battery storage facility in 100 days

Elon Musk promises world's largest battery storage facility in 100 days

Elon Musk bet a few months ago that Tesla Inc . could build a grid-connected energy storage system in Australia within 100 days , or he'd eat the costs. The post Tesla Inc (NASDAQ: TSLA ) to Install World's Largest Lithium Ion Battery in Australia appeared first on Market Exclusive. Arrays of battery packs will store energy generated by renewable sources in an effort created to help alleviate blackouts . Read More

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Novae Group Plc (LON:NVA) Given

Novae Group Plc (LON:NVA) Given "Buy" Rating at Shore Capital

It worsened, as 21 investors sold Rigel Pharmaceuticals, Inc. shares while 36 reduced holdings. (NASDAQ:RIGL) for 2,794 shares. Sumitomo Mitsui Asset Management Communications Limited holds 10,000 shares or 0.02% of its portfolio. Stockdale Securities reiterated an add rating on shares of Novae Group Plc in a report on Tuesday, April 18th. Deutsche Bank maintained the shares of CPR in report on Tuesday, January 3 with "Buy" rating. Read More

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Ibaka, Raptors agree on $65 million, 3-year deal

The 31-year-old point guard fell off a cliff this past postseason, but he remains an elite fantasy option when healthy. Last season he averaged 21.6 points, 6.7 assists, 4.6 rebounds, and 1.4 steals per game. If you want to try to read between the leaves a bit here with this deal, it likely means Kyle Lowry is close to re-signing, too. "It was up to me to decide whether this thing we have - is it worth sticking around for, and running it back again, and seeing if we can take that next ... Read More

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Pakistan, China, Afghanistan agree on seven points

Pakistan, China, Afghanistan agree on seven points

Their ties have been poisoned in recent years by Afghan accusations that Pakistan is supporting Taliban insurgents fighting the US -backed Kabul in order to limit the influence of its old rival, India, in Afghanistan . Pakistan denies that and says it wants to see a peaceful, stable Afghanistan. President Donald Trump's administration is also expected to increase pressure on Islamabad to prevent Taliban insurgents and their ally, the dreaded Haqqani network, from using Pakistani ... Read More

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Fed: Biggest US banks strong enough to withstand recession

Fed: Biggest US banks strong enough to withstand recession

The Fed introduced stress tests after the 2008 financial crisis rocked markets around the globe in order to examine whether the country's biggest banks could handle a severe recession. That measure, called the tier-one capital ratio, was exceeded by all 34 banks. The second phase is an annual Fed exercise that evaluates the banks' capital planning processes and capital adequacy. Read More

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Authorities: Teen slain after leaving mosque, man arrested

She said there was some unspecified "exchange of words" between the girl and Torres leading up to the attack. Police said she was 17, while the county prosecutor's office said she was 16, the Post reported . The boys declined to give their names. ADAMS is Northern Virginia's largest mosque and, with 11 chapters around the District and Northern Virginia, is among the nation s most well-known congregations. Read More

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Amazon To Acquire Whole Foods For $13.7 Billion

In the fiscal year 2016, the Company had sales of approximately $16 billion and has more than 460 stores in the United States, Canada , and the United Kingdom. Fresh foods are the final frontier for Amazon . Amazon also has been testing automation technology at a Seattle convenience store that's now open only to Amazon employees. Read More

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Court approves Marsh deals to sell 26 grocery stores

Court approves Marsh deals to sell 26 grocery stores

The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 15 stores to Findlay-based Fresh Encounter parent Generative Growth LLC for about $8 million and 11 stores to Kroger Co . Indianapolis attorney Jim Carlberg, who is representing the landlords, voiced his concerns via telephone during the hearing. "We've been provided with no evidence that [Fresh Encounter] can provide adequate assurance of future performance", Carlberg said. Read More

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US consumer prices dip 0.1 percent in May

The Labor Department said on Wednesday its Consumer Price Index dipped 0.1 percent last month after rising 0.2 percent in April. On a yearly basis, inflation rose by 1.9%, recording its smallest increase since November of past year. Here's a key point to keep in mind: One of the main reasons the inflation and retail sales report were lower than expected is because oil has been dropping, and that has been affecting the inflation and sales outlook. Read More

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