Thursday, April 27th, 2017

 

OPEC wants further drop in oil stocks, is working for consensus

PARIS, April 27 — Opec wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group’s secretary-general said today in comments pointing to an extension of a global supply cut….


Europe stocks trim drop as Draghi calls economy’s recovery solid

BRUSSELS, April 27 — European stocks pared their decline after European Central Bank President  Mario Draghi said the euro-area economy’s recovery is “solid and broad,” while warning that inflation wasn’t strong enough to consider…


Israel Finance Minister says to ease path for institutions to invest in tech

JERUSALEM, April 27 — Israeli Finance Minister Moshe Kahlon said today he would work to reduce regulations that prevent Israeli institutions investing in technology companies. Hampered by regulatory constraints, as well as being harmed by the…


EU challenges Austrian minimum wage law for truck drivers

BRUSSELS, April 27 — The EU launched a legal challenge today against an Austrian law that requires foreign drivers to be paid Austria’s minimum wage when making deliveries in the country, in a case that highlights strains between affluent…


Wall Street little changed with eyes on earnings

NEW YORK, April 27 — US stocks were little changed today amid a flood of quarterly earnings reports, while investors assessed President Donald Trump’s tax reform plan. The one-page plan, unveiled yesterday, proposed deep tax cuts for many…


Trump’s ‘massive’ tax plan: One page, unanswered questions

NEW YORK, April 27 — The “ phenomenal” tax plan that President Donald Trump promised 11 weeks ago appeared at a White House briefing yesterday: It was a one-page list of bullet-points that amounted to fewer than 250 words. The document was…


US durable goods orders post slower rise in March

WASHINGTON, April 27 — US aircraft sales forged higher in March, helping drive up orders for manufactured goods, but the pace of growth slowed from previous months, the Commerce Department reported today. Total orders for durable goods…


China sets deadline for refiners to apply for oil import permits

BEIJING, April 27 — China’s top state planner will stop accepting new applications from oil refiners to use imported crude oil from May 5, it said today, amid growing concerns about domestic refining overcapacity that has led to record exports…


Bursa Malaysia ends marginally easier

KUALA LUMPUR, April 27 — Bursa Malaysia finished marginally lower today as mild profit-taking emerged among selective heavyweight stocks, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell just one point, or 0.06 per cent, to…


Trump tax cut caution, ECB meeting cools risk rally

Trump tax cut caution, ECB meeting cools risk rally

LONDON (April 27): A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors’ spirits and…