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Markets

Monthly data compiled by Bloomberg show the two nations added 440,000 bpd of production in May and June as they resolved disruptions at oil fields. The arrangement is drawing ire from some fellow producers. The latest report from the Census Bureau pegs US exports at 1.02 million bpd in May, up 20,000 barrels per day from April. United States crude oil futures were yesterday up 0.7 per cent at $44.51 per barrel, while Brent crude futures rose 0.6 per cent to $47 per barrel.
  • Kyle Lowry returns to Raptors; 3-year, $100M contract reported

    Markets

    Losing Lowry represented the worst-case scenario for the Raptors, as the point guard has established himself alongside shooting guard DeMar DeRozan as one of the most lethal backcourt combos in the league. It's telling me that the Raptors can be a championship-level team, sooner than later. At the end of the season, he said his daughter liked Toronto though and he is close with his former Oklahoma City assistant coach Rex Kalamian, who remains on Dwane Casey's staff.
  • United Kingdom symbols fade, China's rise in new Hong Kong

    United Kingdom symbols fade, China's rise in new Hong Kong

    Markets

    Professor Lau Siu-kai, vice-chairman of the Chinese Association of Hong Kong and Macau Studies, a semi-official think tank, said Xi delivered a tougher message than in speeches by former presidents Hu Jintao and Jiang Zemin. " The "two-country system" is eroding, sometimes subtly, sometimes much more direct, but the fact is that China is not respecting it and will not survive much longer", says Chan Kin-man, Professor Of Sociology and co-founder of the movement Central Occupy, to THE ...
  • Pakistan deploys 15000-strong force for Chinese security

    Pakistan deploys 15000-strong force for Chinese security

    Markets

    Chinese Foreign Minister Wang Yi has arrived in Pakistan on a two-day visit to discuss bilateral ties and stability with neighbouring Afghanistan. Islamabad denies the charges and in turn blames sanctuaries in border areas of Afghanistan for plotting terrorist attacks against Pakistan, including Friday's deadly suicide bombings in two cities that killed more than 80 people and injured more than 200 others.
  • 'Critical need' for blood donations in Canada

    'Critical need' for blood donations in Canada

    Markets

    Currently, 23 countries in the region (14 Latin America and nine in the Caribbean) have a national blood policy - five more countries than in 2011, the report noted. That benefit is something that can spill over to those who donate their blood. He said it is important for people to remember how much good one donation can do.
  • EU Judges Must Oversee Brexit Transition, Barnier Tells UK

    EU Judges Must Oversee Brexit Transition, Barnier Tells UK

    Markets

    These include the issues of Britain's estimated €100 billion (S$175 billion) exit bill, the rights of European Union citizens living in Britain, and the fate of the border in Northern Ireland. Germany's Europe minister, Michael Roth, said in Luxembourg that the opening of the negotiations had shown British leaders still needed a "reality check" on what they could achieve.
  • Fed: Biggest US banks strong enough to withstand recession

    Fed: Biggest US banks strong enough to withstand recession

    Markets

    The 34 largest banks in the United States have money on hand to withstand a severe recession, the USA central bank said on Thursday. "This would allow them to lend throughout the economic cycle, and support households and businesses when times are tough".
  • Trading Spotlight on iShares MSCI Austria Investable Market Index Fund (EWO) Shares

    Markets

    Although China's rising overseas businesses, increasing global influence and the government's efforts to reform the financial markets are meant to provide worldwide investors a more business and trading friendly conditions, the skepticism regarding the Chinese onshore stocks remained relatively high since the Shanghai's Composite wrote-off almost half of its value following the mid-2015 sell-off.
  • Grocers facing a united Amazon-Whole Foods must adapt

    Grocers facing a united Amazon-Whole Foods must adapt

    Markets

    A US$13.7 billion proposed takeover by Amazon .com Inc. has Stevens, a 25-year-old Irving, Texas, resident, wondering how the chain's foodie credentials will survive. "This would give them a very premium brand that has a lot of credibility with customers, and puts them right in the middle of the grocery industry in one fell swoop".
  • Steve Scalise remains in critical condition, undergoes third surgery

    Markets

    Scalise is still under sedation but Sava says he has responded to family members. Although Scalise was able to talk while lying injured on the ball field, he had gone into shock by the time he was transported by helicopter to the hospital and arrived "in critical condition with an imminent risk of death", Sava said.
  • Trump being probed for possible obstruction of justice

    Markets

    Sen. Susan Collins, R-Maine, asked Rosenstein at a budget hearing Tuesday what he would do if Trump ordered him to fire Mueller , who is investigating Russian interference in the USA elections and possible Russian ties to Trump's campaign.
  • Court approves Marsh deals to sell 26 grocery stores

    Court approves Marsh deals to sell 26 grocery stores

    Markets

    The company was founded in 1964 and changed its name in 1995 to Fresh Encounters . Marsh's pharmacy customers have been referred to nearby CVS locations. Eighteen other Marsh stores did not fetch any interest at auction. Kroger has not yet commented on what the bankruptcy will mean for plans for two new Zionsville stores, one at The Farm at 116th Street and Michigan Road, and one at County Road 300 North and Michigan Road.
  • US consumer prices dip 0.1 percent in May

    US consumer prices dip 0.1 percent in May

    Markets

    Retail sales rose 3.8 percent in May on a year-on-year basis. Some of the drop in monthly retail sales reflected lower gasoline prices, which weighed on receipts at service stations. United States stock index futures pared gains. May's decline was the largest since January 2016 and confounded economists' expectation for a 0.1 percent gain.
  • Trump Cites London Attack To Make Gun Control Point

    Markets

    The Guardian notes that Khan himself said Trump shouldn't be allowed to come to London until he revoked his proposed travel ban on people from six predominantly Muslim countries. Reporters repeatedly asked Khan for his thoughts on Trump outside the headquarters of London's Ambulance Service, where he observed a minute of silence Tuesday to honor of the victims of the attacks.