United States Oil Fund LP ETF : , LP Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)

The following discussion should be read in conjunction with the condensed financial statements and the notes thereto of the United States Oil Fund, LP (“USO”) included elsewhere in this quarterly report on Form 10-Q. Forward-Looking Information This quarterly report on Form 10-Q, including this “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contains forward-looking statements regarding the plans and objectives of management for future operations. This information may involve known and unknown risks, uncertainties and other factors…

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Standard Bank denied request to access records in forex case

Cape Town – The Competition Tribunal has said it will not yet give Standard Bank a copy of the records of the Competition Commission’s investigation into alleged rand dollar currency manipulation by banks.  Standard bank had asked the Tribunal to rule it could access the records of the Commission’s investigations into alleged currency manipulation.  The Commission first announced in 2015 that it would refer allegations of collusion to artificially fix the price of the rand by 14 banks to the…

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Dollar Steady in Cautious Trade By Investing.com

© Reuters. Dollar steady in cautious trade Investing.com – The dollar steadied on Monday after rising to its highest level in eight months against the yen earlier as investors remained cautious amid concerns over U.S. tax reform plans. rose to an overnight high of 114.73, the strongest level since March 15, before pulling back to trade at 114.09 by 08:39 AM ET (13:39 AM GMT). The dollar was boosted by the divergent monetary policy outlooks between the Federal Reserve and…

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Mon, 06 Nov 2017 07:00:00 GMT

6 November 2017 Quadrise Fuels International plc (‘Quadrise’, ‘QFI’, the ‘Company’ and together with its subsidiaries the ‘Group’) Final Results for the year ended 30 June 2017 Quadrise Fuels International plc (AIM: QFI) announces its audited final results for the year ended 30 June 2017 and gives notice that the Company’s Annual General Meeting will be held on 8 December 2017. Operational summary for the period and since the period end Material progress has been made in a number of…

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Subaru : Announces Financial Results for the First Half of FYE2018

Tokyo, November 6, 2017 – Subaru Corporation today announced its consolidated financial results for the first half of fiscal year ending March 31, 2018. Global sales of Subaru vehicles rose 3.8% to 531,000 units. Unit sales in Japan grew 21.0% to 82,000 units, as a decline in mini vehicle sales was offset by strong sales of passenger cars driven by the Impreza and the Subaru XV. Overseas unit sales increased 1.1% to 449,000 units, led by strong demand for the…

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Orica profit stable amid challenges

Mining explosives maker Orica has posted full-year results in line with expectations but has maintained a cautious outlook amid challenging market conditions and rising costs. Orica’s full-year net profit of $386.2 million is up 13 per cent on last year’s $342.8m. But, excluding a one-off $41 million settlement with the Australian Taxation Office, profit from the sale of a business and expenses related to a Chile plant accident, all during the previous year, its underlying profit has fallen one per…

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HiFX Morning Update, Novwember 6 2018

Monday, 6 November 2017, 8:24 amPress Release: HiFX HiFX Morning Update, Novwember 6 2018 The NZDUSD opens at 0.6911 (mid-rate) this morning. Currency markets had a quiet close to the week with investors looking to Friday night’s US economic data releases for direction. Friday’s economic data releases sent mixed messages to investors with the latest employment report falling short of economists’ forecasts while economic activity in the non-manufacturing sector grew at a faster pace anticipated. US non-farm jobs increased by…

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Fed chief nominee Powell’s approach could benefit ringgit: Economist

PETALING JAYA: The ringgit could benefit should US Federal Reserve chairperson nominee Jerome Powell be approved, considering his “gradualist” approach towards US monetary policy, which could see the local unit stabilising against the greenback. US President Donald Trump announced the nominee on Friday, which is now subject to approval of the US Senate. IHS Markit Asia Pacific chief economist, IHS Markit, Rajiv Biswas said the ringgit has already benefited from the resurgent gross domestic product (GDP) growth and booming exports…

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‘Uploading sites on a dial-up connection was an all-night job’

In 1996, when the internet wasn’t really a word in the average Indian’s vocabulary, Dinesh Agarwal returned from the US and started Indiamart with his brother Brijesh to connect Indian manufacturers with buyers and suppliers. He’d earlier worked on the Indian railways reservation system and with several networking companies in the US. He stuck to his idea of building an internet-based business despite the restrictions and rules, and today, the company has more than 40 lakh sellers and 3.5 crore…

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EPF members relieved over Plus ‘not for sale’ decision, claims MP

Published: 2017-11-05 17:29:00     Modified: 2017-11-05 17:37:53 The government’s decision not to sell off its stake in the North-South Expressway has come as a huge relief particularly to the millions of members of the Employees Provident Fund. Reactions to such a keenly-awaited news perhaps were best summed up by the Sekijang MP Anuar Abdul Manap: ” I can almost hear the 14.5 million EPF members heaving a sigh of relief that EPF investment in Plus will remain intact.” “The…

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NOTAP’s vendor policy excites Nigeria’s IT experts –DG

Dr. DanAzumi Mohammed Ibrahim is the Director General, National Office for Technology Acquisition and Promotion (NOTAP). In this interview with Journalists, he said NOTAP’s local vendor programme is helping local capacity for software development. ABDULWAHAB ISA was there.   What is being done in the area of bridging the innovation& commercialization gap? Before any research development efforts goes for commercialisation, you have to protect it. The protection has to be cogent. If you do not protect it, somebody can take…

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Adebajo: Govt Should Have Deliberate Policies to Create More Dangotes

Adetilewa Adebajo After strong headwinds, which pushed the economy into recession, it appears to be receiving a new lease of life, albeit with a fragile growth. In this interview with Kunle Aderinokun, CEO, The CFG Advisory Ltd, Adetilewa Adebajo, who, believes the economy would need a long period of time to recover and achieve tangible growth as well as stability also suggested ways by which the government could boost the flow  of foreign direct investment into the economy Nigeria was…

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Review import duty on vehicles now, LCCI tells FG

Rasheed Bisiriyu and ‘Femi Asu The Lagos Chamber of Commerce and Industry has called for an immediate review of the nation’s automotive policy, urging the Federal Government to slash the import duty of 70 per cent on new vehicles to 35 per cent in order to make the vehicles affordable. The Director-General, LCCI, Mr. Muda Yusuf, also said in a statement that the import duty on commercial vehicles and used cars should be reviewed downwards to 20 per cent while…

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Let’s Clear Up One Confusion About Bitcoin

If can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit-card companies, it’s a superior means of exchange. One of the most common comments I hear from bitcoin skeptics goes something like this: Bitcoin isn’t real money until I can buy a cup of coffee with it. In other words, bitcoin fails the first of the two core tests of “money” – that it is a means of exchange and…

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Fresenius Medical Care’s (FMS) CEO Robert Powell on Q3 2017 Results – Earnings Call Transcript

Fresenius Medical Care AG & Co KGaA (NYSE:FMS) Q3 2017 Earnings Conference Call November 02, 2017, 10:30 ET Executives Dominik Heger – Head, IR & Corporate Communications Robert Powell – CEO Michael Brosnan – CFO Analysts Thomas Jones – Berenberg Elisabeth Clive – Sanford C. Bernstein & Co. Oliver Metzger – Commerzbank AG Dominik Heger Thank you, Desmond. We would like to welcome all of you to the Fresenius Medical Care Earnings Call for the Third Quarter 2017. As always,…

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