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Finance

The last time the WTI futures curve consistently displayed this pattern was in 2014. "We're expecting to continue seeing draws out of Cushing, which turned the WTI market into backwardation", Tariq Zahir of Tyche Capital Advisors said , referring to a market structure where prompt prices are higher than those in the future.
  • Crown Resorts confirms talks on its CrownBet stake

    Crown Resorts confirms talks on its CrownBet stake

    Finance

    Crown confirms that it is in discussions concerning its interest in CrownBet . The announcement of the preliminary talks between the United Kingdom gambling operator and its Australian rival comes only a few days after William Hill provided a bright market update earlier this week.
  • Uber India partners with electric auto provider Mahindra to decrease pollution

    Uber India partners with electric auto provider Mahindra to decrease pollution

    Finance

    The two companies plan to initially deploy hundreds of EVs in Delhi and Hyderabad , followed by other Indian cities. This is a pilot project and the details of the number of vehicles to be inducted is yet to be finalised. Authorities are expected to shortly call bids for electric three-wheelers and electric buses. In May, a report by the federal think tank Niti Aayog suggested reducing India's energy demand by 64% and carbon emissions by 37% by 2030.
  • Steam Autumn Sale 2017 Starts, Coincides With Black Friday

    Steam Autumn Sale 2017 Starts, Coincides With Black Friday

    Finance

    As is typical with big Steam sales these days, you don't have to worry about anything too complicated-there are no daily deals or eight-hour flash deals to keep an eye on. For 2017, until November 28, Middle-earth: Shadow of War is being offered at $36, down 40 percent from full price. Coinciding with the Steam Autumn Sale , the nomination process for the annual Steam Awards has begun.
  • S&P keeps outlook on India stable, retains BBB- rating

    S&P keeps outlook on India stable, retains BBB- rating

    Finance

    S&P's India rating comes a week after rival Moody's upgraded the country's rating. The rating agency sounded bullish on government's public spending saying the public infrastructure spending on roads and railways will stimulate India's economy .
  • Mitsubishi Materials says units falsified product data

    Mitsubishi Materials says units falsified product data

    Finance

    Mitsubishi Shindoh falsified inspection data on such products as brass strips for automotive components. At a briefing on Friday, Mitsubishi Materials faced questions over its corporate management after admitting data falsification at Mitsubishi Cable Industries Ltd [MTCBL.UL] was discovered as far back as February, with the subsidiary shipping products with possibly falsified data even after wrongdoing was detected.
  • Budget 2017: what it means for diesel

    Budget 2017: what it means for diesel

    Finance

    Mr Hammond also set out plans to promote more electric vehicle charging points, setting aside £200m - a figure that will be matched by the auto industry - to improve the infrastructure. He added that a side effect of the Budget announcement might be that there is a risk it might encourage some drivers to keep their older diesel vehicles.
  • Budget 2017: stamp duty tax cut 'will drive up prices'

    Budget 2017: stamp duty tax cut 'will drive up prices'

    Finance

    As of Wednesday first-time buyers of properties worth less than £300,000 will pay nothing in stamp duty, while those buying properties worth up to £500,000 will get a partial relief. Warnings that the Budget Stamp Duty announcement could cause house prices to rise have been dismissed by the Government. Both measures were created to help young people get a foot on the housing ladder but it has emerged that many shared ownership properties are too expensive for the stamp duty break to be ...
  • Olympic Stadium and the Sydney Football Stadium will be demolished and rebuilt

    Olympic Stadium and the Sydney Football Stadium will be demolished and rebuilt

    Finance

    Pushback from sporting organisations such as the Sydney Cricket Ground Trust , the Australian Rugby Union , and Sydney FC forced the Government to alter the proposal so that the ageing Sydney Football Stadium would be rebuilt first. The new SFS will have two modes, a 30,000-seat "club" layout with a screen masking the top tier of seats which would be removed to allow 15,000 more fans to watch marquee football and rugby matches.
  • RK Nagar bypoll in Tamil Nadu on Dec 21: EC

    RK Nagar bypoll in Tamil Nadu on Dec 21: EC

    Finance

    The RK Nagar by-poll was announced as part of by-election to constituencies in States including Arunachal Pradesh and Uttar Pradesh. The counting of votes will be held on December 24 and the election process will be completed before 26th of next month, an EC press release which was made available by Tamil Nadu's Chief Electoral Officer Rajesh Lakhoni here said.
  • Shoppers get a head start on Black Friday deals

    Shoppers get a head start on Black Friday deals

    Finance

    If last year's Thanksgiving Day and Black Friday shopping experience are any indication, the combination of more stores being closed and more consumers embracing online ordering will contribute to not only fewer crowds but also fewer door-busters that once compelled shoppers to wait in line several days.