BP announced a second-quarter loss of $6.3 billion Tuesday, and warned that low oil prices are here to stay.Underlying replacement cost profit (RCP) was $1.31bn (£841m) compared with $3.63bn a year ago.Bob Dudley, chief executive of the oil major, said in a statement that the "external environment remains challenging.""In the past few weeks oil prices have fallen back in response to continued oversupply and market weakness and the recent agreements regarding Iran. I am confident that...
Oil prices fell on Tuesday and touched a four-month low as the continuing rout in Chinese stock markets added to the already bearish investor sentiment.China’s shares fell for a third straight day on Tuesday in a second wave of heavy selling this month. The selloff is seen as a symptom of a wider economic malaise which could depress demand from the world’s second biggest oil consumer in a time of a global glut of oil.“Supply excess and disappointing Chinese demand are the...
Moody says lower oil prices will fail to give a "significant boost" to global growth in the next two years.
The ratings agency said any boost from cheaper oil would be offset by the eurozone's economic woes as well as slowdowns in Japan, China and Russia.
Moody's said it would not be revising its growth forecasts for the G20 countries as a result.
"For the G20 economies, we expect GDP growth of just under 3% each year in 2015 and 2016."
Marie Diron, the author of the report, said: "Lower...
At least five people were killed and 10 others were injured when a "projectile" hit a hospital supported by Medecins Sans Frontieres in northern Yemen on Sunday, the group said.Three of the injured were members of MSF, and two are in critical condition, the group said.Several buildings collapsed and people may still be trapped in the rubble, according to MSF, also known as Doctors Without Borders."According to our staff on the ground, at 9.20am one projectile impacted the Shiara Hospital in...
The Canadian economy shrank by 0.2% on an annualized basis in May, perhaps pushing the country over the edge into recessionary territory for the first half of 2015 as reported by Statistics Canada on July 31. "There is no sugar-coating this one," Douglas Porter, BMO chief economist, wrote in a client note. "It's a sour result."The poor showing surprised economists, who had predicted GDP to remain flat, but the result followed a contraction in the first quarter at an annual rate of 0.6%....
Whether male or female, everyone loves shopping. Some do it occasionally as and when required and some use it as a retail therapy to uplift their mood. With an increasing demand of online shopping, shopaholics prefer visiting ecommerce stores than physical stores, thus saving time and effort of hopping from one store to another.
With the growing demand of online shopping and lots of reputed ecommerce portals coming up, these stores are focussing on providing more personalized shopping...
Oil output is now at an all time high resulting in oil prices falling back to its 2015 low on Tuesday, after plunging 4.3% to $43 a barrel. OPEC said Tuesday that its output surged to a three-year high in July. The cartel produced 31.5 million barrels a day, more than 1.5 million barrels above the ceiling it agreed to just a month earlier.More oil came from Iran, Iraq and Saudi Arabia. Iran's higher output - its highest since 2012 -- is a sign it is already taking advantage of the proposed...
Crude oil prices rose slightly on Monday as the dollar weakened, making futures more affordable to holders of foreign currencies.
Concerns for high OPEC oil output levels had warlier caused oil prices to fall, raising fears of oversupply despite declining U.S. rig operations.
The Organization of the Petroleum Exporting Countries (OPEC) pumped at a two-and-a-half year high of 31.22 million barrels of oil per day (bpd) in May, Reuters monthly survey showed.
The 12-member cthat artel...
New York's senior senator, Chuck Schumer said Monday that he is "very seriously" studying the Iran nuclear deal brokered last month before deciding whether to endorse or oppose it."This is such an important decision that I will not let pressure, politics or party influence," said Schumer, the No. 3 Senate Democrat, who is poised to take over as Senate Democratic leader in 2016 from Harry Reid and is considered one of the most critical votes on the Iran deal.Republicans staunchly oppose the...
It has always been a debatable issue whether Android is a better choice for user or iOS. Both the operating systems have seperate fan following. Android smartphone users do not want to go for iOS phone and similar is the case with iOS users. Oflate, Android phones have become quite popular and has approximately 80% market share.
Although both the OS have their own advantages and disadvantages, we have mentioned below the top 5 reasons as to why Android is more preferred OS than iOS.1....
Bitcoin is a set of technologies and concepts that make up a decentralized digital currency system. We all use money, but most people have not thought about what it is or how it came to be. Hence, the first question to ask ourselves is: What is money? Money is simply anything of value which is accepted as an exchangeable item for goods and services in any community or setting. Thus, money can take many forms. The most stable form that money has taken from time past, was and is still gold,...
How to invest in bitcoin
Key words: Investing bitcoin, bitcoin cash, bitcoin price today, bitcoin price.
Investing bitcoins represent your opportunity of making a fortune. Bitcoin cash is the most innovative digital currency. It puts an end to high fees, capital restrictions, frozen accounts, and administrative hassles. Bitcoin was created since 2008 and relies on achieved decentralization, peer-to-peer network, and transparency.
Being the most representative currency, several people...
Medical equipment is of special interest to the concerned medical persons. When it comes to buying any medical product, a person should gather complete information regarding the product, so that he may get the best out of the lot. Blood Pressure monitor is a common equipment of daily practice for doctors and even for the layman patients, suffering from blood pressure. Here, given the comparison of different types of blood pressure monitors for the relevant persons. In the context of Australia,...
Every year people buy and sell properties in the United Kingdom. However, during the process, one has to transfer the property whether commercial and residential from one legal title holder to another legal title holder. However, the process is known as the conveyancing process in the UK. Since the process is legal and is mostly managed by the solicitors,they charge for completing the conveyancing process. Thisprice is considered one of the major elements of the conveyancing cost. However, the...
Your goal is to negotiate the best deal in a real estate business whether you are purchasing or selling. In any real estate negotiation, buyers want the best deal while sellers want the highest price, but for the deal to close the two need to meet somewhere in the middle. In a buyers’ market, those in search of a property can simply walk away if the terms are not ok with them since they have so many homes they can choose from. A reason why good negotiation skills are very essential. A...
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