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Commodities trading outlook: crude oil and natural gas futures

WTI futures remained pressured in the red during midday trade in Europe today, while Brent shied into bull territory with minor gains on OPEC supply outlooks. Meanwhile, natural gas futures were hovering below $4 as traders wait on EIA’s storage figures, due on Thursday. WTI futures for October delivery on the New York Mercantile Exchange traded at $94.52 per barrel at 11:28 GMT today, down 0.38% for the day, while prices had ranged from $94.43 to $95.06 per barrel. The US benchmark added 2.1% on Tuesday, after a further 0.8% gain on Monday. Meanwhile on the ICE in London, November Brent stood at $99.21 per barrel, up 0.16%, daily prices between $98.67 and $99.61 per barrel. The contract’s premium to November WTI widened to $5.68. The European brand added 1.2% yesterday. Yesterday oil prices rallied behind a statement of OPEC’s secretary general, that the oil-exporting cartel could curb production to 29.5m barrels daily in 2015, bringing it in line with the group’s expectations of market demand. “The first official signs that OPEC is starting to feel a little uneasy about the current market environment and the price of oil are emerging,” David Wech, an analyst at consultants JBC Energy GmbH in Vienna, said in a report cited by Bloomberg. Saudi Arabia cut production by about 0.4m barrels daily in August, though it has had little effect on exports. Traders have been speculating about a OPEC possibly shutting spare production in order to...  

Heart doctors opt for checklist before ECG screening of young athletes

Young people and sports mix. Young people and heart disease do not. ECGs are essential for spotting heart conditions but doctors are advised to use a 14-point checklist first.(Photo : Joe Mabel) The American Heart Association and the American College of Cardiology have released a statement saying that a 14-point checklist should be used by doctors first before prescribing an electrocardiogram screening for young athletes. This is in line with the growing concern for sudden cardiac death in young athletes prompting frenzy for ECG tests. According to the writing panel from AHA and ACC, it has not been proven that sudden cardiac arrests are more prevalent in athletes compared to the general population aged between 12 and 25. The panel is concerned that growing media coverage involving sudden cardiac death is promoting the idea that young athletes are more susceptible to sudden cardiac death than their peers. The panel further adds that only when a young individual is positive for at least one item on the checklist should an ECG test be scheduled to facilitate further screening. Using an ECG for an initial screening is costly given that it does not contribute towards saving lives. What's worse is that results from an ECG test used for initial screening may result in false-positives and false-negatives, prompting further tests that are unnecessary or completely missing genetic or congenital heart disease which could be very dangerous. Twelve-lead ECGs work by recording the...  

Aviation Industry Heads to Chicago for World's Largest Commercial Aviation Event

Over 250 C-level executives and ministers to attend Tim Clark of Emirates and Scott Kirby of American Airlines to speak at Strategy Summit 40 of top 50 global carriers to attend MANCHESTER, England, Sept. 17, 2014 /CNW/ - 3,000 industry experts representing around 300 airlines, 800 airports and 200 tourism authorities from all corners of the world are expected to head to Chicago for World Routes, the 20th World Route Development Forum, to discuss the future of the world's air service industry. The world's most important commercial aviation event of its kind will take place in Chicago, Illinois, USA on 20-23 September 2014, co-hosted by the City of Chicago Department of Aviation (CDA) and Choose Chicago, the city's tourism organisation. World Routes is a key part of the city's strategy to increase air service, attract more visitors and showcase Chicago as a key destination in the US. The World Routes Strategy Summit, taking place alongside World Routes on 21 and 22 September, will bring together 60 CEOs and senior leaders from the world's leading airlines and airports as well as senior government officials. Speakers include Sir Tim Clark, President & CEO of Emirates; Scott Kirby, President of American Airlines; Rosemarie Andolino, Commissioner of the Chicago Department of Aviation; Augustin de Romanet, Chairman & CEO, Aéroports de Paris; and Susan Kurland, US Assistant Secretary for Aviation and International Affairs. In total this year's conference program...  

European Markets Rise Before Fed Decision

(RTTNews.com) - The European markets are trading higher on Wednesday, following firm cues from Wall Street overnight, ahead of the policy statement from the Federal Reserve. That said, investors did exercise caution amid apprehensions before the Scottish referendum on Thursday. On the economic front, Eurozone inflation remained stable at 0.4 percent in August, final data from Eurostat showed. Monthly inflation was 0.1 percent. The statistical office earlier estimated an annual rate of 0.3 percent for August. U.K. unemployment rate continued to fall in July, to the lowest since late 2008, data from the Office for National Statistics showed. The ILO jobless rate fell to 6.2 percent in May to July, down from 6.6 percent in February to April. The rate was seen at 6.3 percent. Policymakers of Bank of England were split on rate decision again in September as two members preferred a quarter point rate hike, minutes of the meeting revealed. Ian McCafferty and Martin Weale sought to raise key rate by 25 basis points, while all other seven members voted to keep the rate at 0.50 percent. All nine members voted to maintain the size of quantitative easing at 375 billion pounds. Following the conclusion of its 2-day FOMC meeting, the Federal Reserve is scheduled to release its post-meeting policy statement at 2 pm ET. The Fed is widely expected to hold interest rate unchanged and announce a further scale back in its asset purchase program. Simultaneously, the central bank would also relea...  

From Outer Space to the Bowels of Planet Earth, This Is the Stuff We're Made Of

Using an unassuming photograph of himself eating breakfast al fresco as a jumping off point, Mark Miodownik dives into the qualities of a variety of quotidian—yet miraculous—materials that make modern life tick. Miodownik is a materials scientist, fascinated by the properties that makes stuff react the way we expect to—or in unforeseen ways. To set the context for his lifelong interest in the manufactured building blocks of our physical world, Miodownik tells the story of getting attacked in the London Underground as a teenager. The blade that penetrated his treasured leather jacket and all the layers beneath to make a 13 centimeter cut in his bare skin turned into an object of fascination as he waited later for medical assistance. Obviously, Miodownik lived to tell the tale, but he also satisfied his curiosity about what makes metal hold a sharp edge, chocolate melt in your mouth, and aerogels so light yet multi-chambered that they can capture space dust. Speaking of aerogels, silica aerogel is the lightest solid in the world, made of 99.8 percent air, and looks vaguely blue because of the light refraction within its many tiny chambers. There’s a great photo in the book of a piece of aerogel atop a flame, a delicate flower resting on top of the gel, which is an effective barrier against extreme temperature change because of the same principle that makes your double-paned windows a practical choice. It would hold incredible potenti...  

Real Housewife Accused of Holding Painting Hostage

Sarah Cascone, Wednesday, September 17, 2014 Aviva Drescher throwing her leg during an episode of The Real Housewives of New York City.Photo: Video still, via Bravo. Former Real Housewives of New York City cast member Aviva Drescher and her husband Reid are being sued by a Long Island artist who claims the pair are holding his artworks hostage in exchange for a commission from the sale of one of the paintings they agreed to display in their Upper West Side apartment during the taping of the show, reports Courthouse News. Drescher was fired from the Bravo reality show earlier this month, after dramatically throwing her prosthetic leg across the room at Le Cirque during the series’ sixth season finale. Matthew Satz of Amagansett claims that he agreed to install five of his paintings at the Dreschers’ in June of 2013. Aside from nominal delivery and installation charges, he lent the couple the artwork free of charge, under the assumption that the show would provide him with valuable national exposure. Later, one of the Dreschers’ friends tried to buy his work Pink Smoke Painting for $50,000. Though the collector paid a deposit for the piece, Satz was unable to complete the sale because Drescher would not give the painting back unless she received a commission. According to the complaint, Salz told Drescher that “if she or her husband were expecting any type of financial compensation or commission relating to any o...  

U.S. man caught swimming to North Korea 'trying to meet' Kim Jong-un

Statutory rape victim forced to pay child supportObama: Ebola outbreak 'spiraling out of control'Satanists to distribute religious materials in Florida public schoolsHillary Clinton aides scrubbed Benghazi files before review, former official saysPRUDEN: Scotland the brave, on the brinkArmy is worried too many white men lead combat unitsEmails show 'collusion' between EPA, environmental lobby: watchdogObama White House forcing new gun buyers to declare race, ethnicityObama sought repeal of Bush war statute now used to justify Islamic State strikesRussia sanctions risk return to recession for Europe's shaky economy...  

Thiago resumes team training with Bayern Munich

The creative midfielder is one step closer to making his comeback for the Bavarians nearly six months after his last official game Bayern Munich have received some encouraging news on the injury front as Thiago Alcantara has returned to the training pitch alongside his team-mates after a lengthy spell on the sidelines.The Spain international last featured for Bayern in the 3-3 Bundesliga draw with Hoffenheim back in March, having been battling a medial ligament problem ever since.He initially appeared to be fit in time for the 2014 World Cup, but endured a recovery setback shortly before the tournament and did not make the Spain squad.Thiago has now taken the next step in his recovery process, though, as he briefly joined team training ahead of Wednesday's Champions League clash with Manchester City, before continuing with an individual session.The 23-year-old will not make the match squad for the match against City or for this weekend's game versus Hamburg, but Bayern are hopeful that he will be back in action soon.The former Barcelona man made 25 appearances in all competitions for the Bavarians last term, scoring three goals in the process. ...  

ECB stress tests to challenge Germany's Landesbanken

For the first time since the financial crisis struck in 2008, the European Union is carrying out stress tests that could force change at banks with strong political connections, such as Germany's regional banks - the "Landesbanken". The European Central Bank (ECB) is leading the latest attempt to uncover problems that would endanger any lender's survival in a future crisis. Unlike the three previous efforts, which were hamstrung by national authorities' reluctance to expose their banks' weaknesses, Frankfurt has a vested interest in revealing problems before it takes over as supervisor in November. The results of Europe's most comprehensive ever review of its banks' health will be announced on Sunday, 26 October, sources told Reuters. An announcement is expected soon. The European Banking Authority is co-ordinating tests across 28 EU countries. The ECB results will include granular detail on the finances of about 130 eurozone banks and the capital actions they must take. "The last time the process was done at the national level by the same old supervisors," said Nicolas Veron, an expert on banking at the Bruegel think-tank in Brussels and the Peterson Institute for International Economics in Washington. "Here, we have a completely new pair of eyes, and the ECB has every incentive to be tough because the ECB doesn't own the present failures but it will own the future failures." The tests are likely to force some banks into raising more cash to prove th...  

Cause Of Autism Could Be Found In Digestive System, Researchers Say

September 17, 2014 6:36 AM CBS Philly (con't) Affordable Care Act Updates: CBSPhilly.com/ACA Health News & Information: CBSPhilly.com/Health Get Breaking News First Receive News, Politics, and Entertainment Headlines Each Morning. Sign UpBy Dr. Brian McDonough PHILADELPHIA (CBS) — Researchers looking into the cause of autism think they may have found it in an unlikely place — the gut. Autism was first officially recognized as a condition 60 years ago. Most people we know have a family member who is autistic or knows someone who has a family member diagnosed with autism. Despite numerous studies and millions of dollars spent on research, we have no real evidence about what causes the developmental disorder. Researchers at the California Institute of Technology have a theory. It could be related to bacteria in the gastrointestinal tract. There literally are trillions of bacteria in the gut, and an alteration some of the bacteria may actually be leading to the way autism impacts the brain. The researchers believe 90 percent of children with autism have stomach problems, and, according to the Centers for Disease Control and Prevention, people with autism are 3.5 times more likely to experience diarrhea and constipation. Research in mice given autistic features in the lab actually found that changing bacteria in the gut caused improvements, but more work needs to be done. You may also be interested in...  


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