Oil falls towards $50 on higher supply outlook, economic worries
LONDON Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain's vote to leave the European Union last week.Returning Nigerian supply will put pressure on prices, Goldman Sachs said, adding that outages caused by Canadian wildfires would virtually end by September. Norwegian supply could be hit by a threatened workers' strike, however. Brent crude LCOc1 was down 48 cents a barrel at $50.13 as of 0856 GMT, having ri..>> view originalIndia to get over $1 billion from World Bank for Modi's solar goals
NEW DELHI The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.Modi is banking on India's 300 days a year of sunshine to generate power and help fight climate change rather than committing to emission cuts like China.The World Bank loan is the global lender's biggest solar aid for any country and comes as India has set a goal of raising its solar capaci..>> view originalRecord number of travelers expected over Independence Day holiday
More than 43 million Americans are expected to travel over the Independence Day holiday, a number that could break records if it comes to fruition.AAA released a report earlier this week that said low gas prices are mostly the reason behind so much travel, as 36 million of the 43 million travelers are expected to drive to their destinations.That’s because the national average for a gallon of gas currently sits at $2.31, which is nearly 50 cents lower than a year ago. Drivers will pay the lowest..>> view originalGerman jobless claims fall despite migrant influx
FRANKFURT--German jobless claims fell further in June and the jobless rate stayed at a record low, official data showed Thursday, cementing Germany's position as the strongest labor market in the eurozone. German jobless claims dropped for the ninth consecutive month, falling by 6,000 from May, adjusted for seasonal effects, according to the BA labor agency. Despite a record influx of migrants into Europe's largest economy, the adjusted unemployment rate held steady at 6.1% in June, its lowest ..>> view originalCIBC Pushes Into U.S. With a Bank Purchase -- WSJ
Shutterstock photo By Ben Dummett Canadian Imperial Bank of Commerce, in the latest move by a big Canadian bank to bet on the U.S. market for growth, agreed Wednesday to acquire Chicago-based lender PrivateBancorp Inc. for about $3.8 billion in cash and stock. In Canada, the five biggest banks already dominate the domestic banking and wealth management sectors, and are grappling with the prospect of rising credit losses from energy-sector lending and sluggish economic growth due to t..>> view originalLesedi La Rona Diamond: 2nd-Largest Ever Mined
Asian stocks rise as post-Brexit rebound continues, yen held in check
TOKYO Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen was held in check as global markets regained a semblance of calm after the Brexit shock.Spreadbetters forecast a slightly higher open for Britain's FTSE, Germany's DAX and France's CAC.MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent, pulling further away from a one-month low on Friday when it plunged more than 3 percent in reaction to Britain's decision ..>> view originalContract for United Airlines flight attendants would truly unite them
NEW YORK — United Airlines and leaders of its flight attendants’ union have agreed to a new labor contract that will unify the cabin crews for the first time since United’s merger with Continental Airlines more than five years ago.The deal, which still requires a vote by the union’s full membership, would also raise United flight attendants’ pay to a level that the union claims is the highest in the industry. Advertisement With the increase, for example, United flight attendants entering the..>> view originalSouth Africa Clears Anheuser-Busch InBev's Purchase of SABMiller
Anheuser-Busch InBev NV’s roughly $108 billion deal to buy SABMiller PLC has been cleared by regulators in South Africa, with the world’s largest brewer on Thursday saying it is “well on track” to close the acquisition in the second half of this year. South Africa’s Competition Tribunal’s approval of the combination of Belgian-based AB InBev with SABMiller leaves the brewer now needing a formal nod from regulators in the U.S. and...>> view originalCollege debt, no degree means world of financial hurt
How much is too much when it comes to college debt? Obviously -- or maybe not so obvious to some -- you don't want to borrow the entire cost.Gifts to grads might help but many college students still juggle student loans.(Photo: Susan Tompor)Story HighlightsSome select a less expensive college -- or one with a scholarship offer -- to avoid too much debt.Take a full-time workload of credits to try to graduate in four years, not five.See if you can rent college text books or buy used ones.Guideline..>> view original
Friday, July 1, 2016
Oil falls towards $50 on higher supply outlook, economic worries and other top stories.
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