Business

Business IEA sees oil market balancing out later in 2018
Author: 0 IEA sees oil market balancing out later in 2018

The Paris-based IEA said US crude output next year would climb by 870,000 barrels per day (bpd), up from its November forecast of 790,000 bpd. OPEC revised its estimate for U.S. Analysts said, speculators widened their positions on the back of a firm trend in Asian trade as industry data showed a larger-than-expected draw down in the United States crude stockpile, which influenced crude futures here.

Business Indian Tax Authorities Investigating Ways To Collect Tax From Bitcoin Exchanges
Author: 0 Indian Tax Authorities Investigating Ways To Collect Tax From Bitcoin Exchanges

More details regarding the survey is expected to be revealed by I-T officials in the next few days. The survey, under section 133A of the Income Tax Act, was being conducted for " gathering evidence for establishing the identity of investors and traders, transaction undertaken by them, identity of counterparties, related bank accounts used, among others", the officials said.

Business Xmas alcohol shock: Bigger wine glasses to blame for more BOOZING
Author: 0 Xmas alcohol shock: Bigger wine glasses to blame for more BOOZING

Larger tableware is known to increase food consumption, but less is known about glassware's relation to how much we drink. Combined with an increase in the average strength of wine , the larger glasses mean today's alcohol consumption from wine is likely to be far higher than in the past, researchers said.

Business Disney buys Fox as Hollywood girds for digital showdown
Author: 0 Disney buys Fox as Hollywood girds for digital showdown

Iger will remain the Chairman and CEO of The Walt Disney Company through 2021. Mr. Iger also wants to strengthen Disney's largest business, television, which has taken a hit as consumers cut back on traditional cable packages and spend more time with digital providers.

Business Sports Direct H1 earnings up 7%, boosted by new stores
Author: 0 Sports Direct H1 earnings up 7%, boosted by new stores

Sports Direct reported a 7 per cent increase in adjusted earnings for the first half of its financial year on Thursday, helped by a strong performance in its flagship stores. It said in its latest trading update that it signed long-term forward hedging contracts in October. The company appointed Alex Balacki, a workers' representative elected by staff, to the board earlier this year and it said his inaugural period would be extended by a further year, to be followed by a new staff election.

Business Watchdog opposes BP and Woolies deal
Author: 0 Watchdog opposes BP and Woolies deal

BP said it was disappointed with the Australian Competition & Consumer Commission's decision as it believes it could sell off some of the outlets in order to avoid any competition issues. "Woolworths is a vigorous and effective competitor which has an important influence on fuel prices and price cycles in many markets throughout the country".

Business INEOS' North Sea pipeline closure 'worth £20m a day'
Author: 0 INEOS' North Sea pipeline closure 'worth £20m a day'

The pipeline, which carries about 450,000 barrels per day (bpd) of Forties crude, was shut after a crack was found. "A number of fix options are being considered and progressed", INEOS said. At morning market prices, Michie is underestimating the loss by about $2.5 million. Nexen said today that it has temporarily shut down the Buzzard, the North Sea's biggest producing field, in light of the Forties pipeline closure.

Business ADB raises PH growth forecasts
Author: 0 ADB raises PH growth forecasts

The Asian Development Bank (ADB ) has raised its economic growth forecasts for the Philippines amid strong infrastructure investment and robust consumption. Growth was broad-based, led by a solid recovery in exports, particularly for electrical and electronic (E&E) products. "However, a continued expansion in external demand will generate positive spillovers to the domestic economy through the income and investment channels".

Business CommBank issues response to AUSTRAC allegations
Author: 0 CommBank issues response to AUSTRAC allegations

The Commonwealth Bank of Australia (CBA) has filed its defence in response to the civil proceedings commenced by the Australian Transaction Reports and Analysis Centre (Austrac), admitting that disparate datasets contributed to a contravention of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Business Attorneys General Urge FCC To Delay Net Neutrality Repeal
Author: 0 Attorneys General Urge FCC To Delay Net Neutrality Repeal

Based on the FCC docket, more than 23 million Americans supposedly submitted comments in the complex rules, which experts say is an unrealistically high number. Last week, FCC Chairman Ajit Pai's office questioned whether the fraudulent comments actually violate NY law, and whether Schneiderman has any authority to demand evidence.

Business Man In Court Over Mulhuddart Triple Shooting
Author: 0 Man In Court Over Mulhuddart Triple Shooting

Lynn Doyle and her 8-month-old baby John who is recovering in hospital after being blasted with a shotgun. "But I will tell you, it's wrong". None of their injuries is life threatening. It was alleged words were exchanged at Parslickstown Gardens. Other members of the family said Ms Doyle and the wounded teenager were putting up a Christmas tree when the shots were fired.

Business Apple Will Reportedly Cut Off Digital Music Downloading By 2019
Author: 0 Apple Will Reportedly Cut Off Digital Music Downloading By 2019

Universal, Sony and Warner Music also have small stakes. Shazam reportedly achieved profitability previous year, which its CEO attributes to an increased focus on advertising and marketing rather than music sales. "Our data has shown that we can typically predict 33 days in advance what's going to be at the top of the Billboard Hot 100", a Shazam executive said in 2014.

Business 'Coin Crusader' Donates To Red Kettle Campaign Again
Author: 0 'Coin Crusader' Donates To Red Kettle Campaign Again

The money helps buy presents for families who will come to choose gifts on their lists, December twenty-first, at Salvation Army's post in downtown Ishpeming. It has grown to become the largest non-governmental direct provider of social services in the country. "There is an effort to continue the misinformation and this seems to be pushed most heavily during the red kettle season", the statement adds.

Author: 0 A Look Into Insider Activity With Autodesk, Inc. (ADSK)

On Thursday, December 8 the stock rating was upgraded by Rosenblatt to "Neutral". The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. (NASDAQ: ADSK ). Ledyard Comml Bank owns 455 shares for 0.01% of their portfolio. BlackRock Inc. grew its holdings in Autodesk by 4.8% during the second quarter.

Author: 0 Ball (BLL) Rating Increased to Outperform at BMO Capital Markets

Park National Corporation Oh has invested 0.05% in Ball Corporation (NYSE: BLL ). The stock has "Overweight" rating by JP Morgan on Thursday, March 31. (NYSE:CMI). Ftb has invested 0.28% of its portfolio in Cummins Inc. Pictet Asset Limited holds 402,533 shares. Teachers Retirement Sys Of The State Of Kentucky invested 0.26% in The Boeing Company (NYSE:BA).