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Oil down on OPEC doubts as it floats six-month output cap plan

by www.reuters.com
NEW YORK (Reuters) - Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.
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Utilities led U.S. stocks mostly higher in midday trading Monday as falling bond yields made high-dividend companies more attractive to income-seeking investors.
BMW plans to invest an additional $600 million in its South Carolina plant and create 1,000 more jobs over the next four years.
It’s a “great gift to humanity” in the bumptious parlance of Beijing. China’s grand plan to revamp trade corridors to Europe involves around 60 countries and hundreds of billio
More Russians consider Joseph Stalin the “most outstanding person” in world history than any other leader, according to a poll released June 26. Tied for second in the same survey is the man who has d
Austerity forces councils to prioritise other services, says the Chartered Trading Standards Institute.
LONDON - The London Stock Exchange index closed on Monday at 7,446.80, up 22.67 points.
Arconic said Monday it will stop selling one type of aluminum cladding after the material was suspected to have contributed to the spread of a deadly fire through a London apartment tower.
TORONTO - A group representing Tim Hortons franchisees who are unhappy with the management of the coffee-and-doughnut chain says it now has a U.S. chapter, a development that could put ...
OMAHA, Neb. (AP) — Warren Buffett’s company is spending $377 million to pick up 9.8 percent of a real estate investment trust called Store Capital. The Scottsdale, Arizona, based real estate fi
An Irish airline has been forced to stop selling tickets for planned new routes because they do not have a licence.
HUNTSVILLE, Ala. (AP) — A rocket company owned by Amazon-founder Jeff Bezos is coming to Huntsville. Alabama Gov. Kay Ivey announced Monday that Blue Origin, a private spaceflight company, will build
Rep. Francis Rooney (R-FL) defended his party’s plan to strip Medicaid from hundreds of thousands people while passing the saving on as tax cuts to the richest Americans. “Those that would
Richardson International Limited has made its first foray into Europe with the acquisition of an English oat milling business. The Winnipeg-based agri-food giant announced Monday it has acquired Euro
CORPUS CHRISTI, Texas (AP) — Authorities say a Southwest Airlines flight from Los Angeles to Houston was diverted after a passenger became disruptive and attempted to open an exterior door while the
City and state officials in Huntsville, Ala., announced Monday that the rocket company Blue Origin would build the engine of its next-generation BE-4 rocket there, spurning agencies on the Space Coast
             
Air bag maker Takata filed for bankruptcy and has agreed to sell most of the company to Key Safety Systems, a smaller maker in Sterling Heights.        
Eid-ul-Fitr was celebrated today with fervour across Uttar Pradesh, barring protests at certain places by Muslims, many of whom wore black armbands against alleged atrocities on members of the minorit
The Congress today demanded a comprehensive statement from Prime Minister Narendra Modi and External Affairs Minister Sushma Swaraj over the denial of entry to 47 pilgrims to Kailash Mansarovar in Tib
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India shooters continued their fine show and won a bronze medal in men's 25m rapid fire pistol team event at the ISSF Junior World Championship Rifle/Pistol in Suhl, Germany today. The trio of An
Maharashtra Women and Child Development Minister Pankaja Munde today said that sanitary pads will be provided to school going girls at Rs 5 per pack by local Self Help Groups (SHGs). The move comes a
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The cladding, made by the American manufacturing giant Arconic, has a combustible core and is already barred in the United States above a certain height.
Actress-turned-politician Hema Malini said she played a "small role" during the Emergency, as opposition leaders hid from the police in packed cinema halls where her film, Sholay, was being screened.
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