NEW YORK (Reuters) – Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway.

FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz

The market slipped in post-settlement trading, however, after U.S. President Donald Trump said he was instructing his administration not to negotiate a stimulus package until after the Nov. 3 election.

Brent crude futures settled at $42.65 a barrel, up $1.36 a barrel, or 3.29%. U.S. West Texas Intermediate (WTI) crude settled at $40.67 a barrel, rising $1.45, or 3.7%. In post-close trading, however, Brent fell to $42.19 while U.S. crude dropped to $40.13 a barrel.

Oil prices eased further after the close following American Petroleum Institute data that showed U.S. crude stocks climbed 951,000 barrels last week compared with analysts’ expectations in a Reuters poll for a build of 294,000 barrels.

Trump returned to the White House following three days in the hospital for treatment for COVID-19. U.S. House Speaker Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin had been in negotiations for an additional $1.5 trillion to $2 trillion in economic stimulus before Trump’s tweet.

“It looked like something was going to materialize, and now it has been blown up so everything is selling off,” said John Kilduff, partner at Again Capital LLC in New York.

“The petroleum complex needed that stimulus to help stoke demand once again, and we’re obviously not getting it.”

Energy companies shut offshore oil platforms as Hurricane Delta strengthened to a Category 2 and was on track to reach the Gulf of Mexico on Thursday. It would be the 10th named storm to hit the United States this year, which would break a record dating

Being an entrepreneur is an exciting and demanding career choice, and for most, it seems easy enough to know that you need to generate money for your business to survive. But it’s not always that easy for many. Many entrepreneurs jump into business without considering the mind-limiting beliefs that they carry.  Quite often, you are not aware of the beliefs that hold you back until you are deep into the sales activities of the business.

Liz St Pierre, a business coach for online entrepreneurs who are ready to build and launch their signature program, noticed a common theme with her clients and it was how they dealt with the money aspect of the business. Liz has worked with many women over the years and help them work through their limiting mindset issues. 

Three common money mindset issues that Liz has seen with her clients. Can you relate to any of them?

1.    I can’t charge THAT much/I’m not worth that much

So many entrepreneurs (and women especially) feel a deep sense of guilt charging for their products and services. They may believe they aren’t worthy of charging a certain price, be afraid that they won’t live up to expectations, or they may have a deeply rooted sense of guilt accepting money from other people.

This leads to undercharging for their services, not raising prices when they should, overworking, and even becoming angry or resentful with their clients and customers. This mindset usually keeps entrepreneurs stuck and creates an “income ceiling” they may not even be aware of.

2.    Making money should be hard

A common limiting belief in the business and entrepreneurship world is that making money shouldn’t come easily and that

Company continues to advance its Corporate Responsibility Commitment goals through empowering employees to foster collective impact

WILMINGTON, Del., Sept. 30, 2020 /PRNewswire/ — The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in fluoroproducts, titanium technologies, and chemical solutions, today published its third annual Corporate Responsibility Commitment report, continuing the company’s commitment to responsible chemistry.

The company’s Corporate Responsibility Commitment is anchored by ten bold goals targeted for completion by 2030 that are aligned across three key pillars–Inspired People, Shared Planet and Evolved Portfolio. They cover eight key areas of focus that the company defines as follows:

Safety Excellence–Focusing on the safety of our people, communities and the environment around us

Vibrant Communities–Investing in our communities to improve lives through education, safety, and sustainable environment programs

Empowered Employees–Building an engaged global workforce to reflect the varied viewpoints and diversity of the communities in which we operate

Climate–Reducing greenhouse gas emissions to support the global transition to a low-carbon economy

Water Quality–Safeguarding this important shared natural resource through the reduction of air and water process emissions

Waste–Reducing landfill waste generation by refining our products and processes

Sustainable Offerings–Increasing our portfolio offerings that contribute to the United Nations Sustainable Development Goals (UN SDGs), and the percentage of revenue derived from them

Sustainable Supply Chain–Driving responsible behaviors throughout our supply chain

The report, which is based on Chemours’ 2019 operations, is entitled “Single Focus, Shared Future” and highlights the contributions made by Chemours’ 7,000 employees across the globe, and how their actions contribute to the company’s sustainability goals.

Through a singular focus of helping to create a better world, Chemours employees are seamlessly integrating their Corporate Responsibility Commitment into the company’s business strategies, daily operations, customer and supplier interactions, community partnerships, and neighborhood outreach. The 2019

Adds specific targets, names of Chinese banks, background

SHANGHAI/BEIJING Sept 30 (Reuters)China on Wednesday published draft rules that require its global systematically important banks to beef up capacity to absorb losses to head off financial instability.

Such banks must meet specific total loss-absorbing capacity (TLAC) targets starting 2025, and the move is aimed at improving the risk-disposal mechanism at Chinese lenders, the China Banking and Insurance Regulatory Commission (CBIRC) said.

China’s top four lenders – Industrial and Commercial Bank of China 601398.SS1398.HK, Agricultural Bank of China Ltd 601288.SS, 1288.HK, Bank of China 601988.SS3988.HK and China Construction Bank 0939.HK601939.SS are designated as global systemically important banks.

The new rules require that such banks in China hold a TLAC amount of at least 16% of risk-weighted assets starting Jan 1, 2025 – six years later than major global banks elswere – and the bar is further raised to 18% from Jan. 1, 2028.

They face an estimated funding gap of 5.77 trillion yuan ($847.45 billion) to 6.51 trillion yuan by 2024 to meet TLAC requirements set by the Switzerland-based Financial Stability Board (FSB), S&P Global Ratings said on Aug. 25.

The TLAC requirement was designed by the FSB to ensure global systemically important banks having a bottom line of risk buffers in case “too big to fail” financial institutions go bankrupt.

($1 = 6.8087 Chinese yuan renminbi)

(Reporting by Samuel Shen in Shanghai, Cheng Leng and Ryan Woo in Beijing; Editing by Christian Schmollinger and Stephen Coates)

(([email protected]; +86 21 20830018; Reuters Messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source Article

Globalization is turning into increasingly a part of our society. I feel that everyone is getting (please excuse my language right here)screwed harder and harder day-after-day that goes by. Between the Insurance Firms each automotive and residential, The utilities and authorities taxes so many individuals are going to be within the poor house if they are not already.

There are a number of reasons why you might wish to promote your life insurance coverage. Deportation and incarceration of the unauthorized aliens are costing the taxpayers large amounts of time and money. At this time you’ll discover helpful travel insurance information with reference to Medical Insurance, Israel medical Docs and Dentists emergency numbers, guidelines for travel Insurance to Israel, and a few travel insurance pointers concerning your misplaced property.

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