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Oil producers are unlikely to extend a deal to cap their output by nine months, a move that could result in a sharp pullback in prices, Citi Research analysts warned on Tuesday. Citi made the call just two days before OPEC and a other oil exporters led by Russia are …
Read More »Monthly Archives: November 2017
OPEC committee backs cut extension until end-2018 with June review
Heinz-Peter Bader | Reuters OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. A joint OPEC and non-OPEC technical committee recommended extending global cuts in oil supply until the end of next year, with an option to review the deal in June, two sources with …
Read More »Fed nominee Powell backs ‘tailoring’ regulations to ease up on small banks
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve nominee for U.S. President Donald Trump, waits to begin a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, Nov. 28, 2017. During his time as a Fed governor, Powell has consistently voted …
Read More »Amazon Web Services signed a big client — Time Warner’s Turner
Christophe Morin | Bloomberg | Getty Images Attendees stand near Amazon.com Web Services signage during the Station F startup campus launch party in Paris, France, on Thursday, June 29, 2017. Amazon said Time Warner’s broadcast unit Turner had signed up for its Amazon Web Services, a notable contract win for …
Read More »Trump renews his complaint about kneeling NFL players
Getty Images Members of the Houston Texans kneel during the national anthem before the game against the Seattle Seahawks at CenturyLink Field on October 29, 2017 in Seattle, Washington. President Donald Trump is renewing his complaints about NFL players who kneel during the national anthem. Players have been kneeling to …
Read More »‘I don’t see a deal’ to prevent government shutdown
Carlos Barria | Reuters President Donald Trump speaks during an interview with Reuters in the Oval Office of the White House in Washington, U.S., April 27, 2017. President Donald Trump on Tuesday raised the prospect of a potentially disastrous government shutdown, saying he could not envision a fiscal deal with …
Read More »The internet will not destroy TV
Sportsfile | Getty Images Sky chief executive Jeremy Darroch at a conference in Dublin, Ireland in 2015 “America simply does not have our rich historic tapestry to tap into and, while U.S. drama formats set the benchmark for quality, they cannot compete for diversity and cultural resonance,” he said, according …
Read More »The most important skill you should have to score a job at Google
Adam Berry | Getty Images The Google offices in Berlin, Germany. Leadership, she says, is something that Google looks for both in individual, low-level contributor roles and in managerial positions. That means “being able to influence others and inspire followership for your ideas,” says the recruiter. “Googliness” deals with culture. …
Read More »Oil prices are poised for a pullback after OPEC meeting
Andy Lipow, president of Lipow Oil Associates, expects OPEC to lock down the nine-month extension. But he also expects a pullback on the news. The reason: Hedge funds have recently increased their long positions in oil futures, or bets that prices will keep rising. That makes prices vulnerable to a …
Read More »Irish deputy leader reportedly agrees to resign over political crisis, potentially halting elections
Clodagh Kilcoyne | Getty Images Frances Fitzgerald, current Irish Deputy Prime Minister and then-Minister for Justice and Equality, at Dublin Castle on Nov. 10, 2015 in Dublin, Ireland. Irish Deputy Prime Minister Frances Fitzgerald is expected to announce her resignation this afternoon, according to local media reporting unnamed government sources. …
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