Stocks Stabilize As Energy Stocks Climb
Stocks Stabilize As Energy Stocks Climb
Nigeria Presidential Election Results Start Trickling In
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U.S. stocks stabilized on Wednesday after they got a slight lift from the energy sector. The market had fallen to its lowest level since May a day earlier, when Russia massed troops near its border with Ukraine. The Standard & Poor's 500 index rose one point, or less than 0.1 percent, to 1,920 as of 2:48 p.m. Eastern time. Energy stocks were among the biggest gainers in the S&P 500, climbing 0.5 percent. The sector slumped 3.4 percent last month as the prices of oil and natural gas dropped.
Results from Nigeria's elections are potentially the closest contest since the end of military rule in 1999. after a weekend vote marred by confusion, arguments and sporadic violence as total votes are starting to trickle in on Monday. The election pits President Goodluck Jonathan against former military ruler Muhammadu Buhari for the favor of an electorate divided along a complex mix of ethnic, regional and in some cases religious lines in Africa's most populous nation. Even before preliminary tallies were recorded, the opposition All Progressives Congress rejected the outcome in Rivers state, headquarters of Africa's biggest oil industry, and denounced the vote there as "a sham and a charade". Turnout among the 56.7 million registered voters appears to have been high. The INEC election commission said the first results collated from 120,000 polling stations nationwide should have been available on Sunday evening but failed to materialize.
It might feel as though we've been in the general election campaign for months already, but from Monday it all moves up a gear as campaigning formally begins. Parliament dissolved at midnight under the Fixed Term Parliaments Act, meaning all 650 MPs now go back to being members of the public, with those seeking to be re-elected campaigning for the next five weeks ahead of the May 7 election when the country will head to the polls. Later on Monday, Prime Minister David Cameron will go to Buckingham Palace where he will meet with the Queen. It's expected that he'll issue a statement outside Downing Street after that. Although MPs have lost their privileges, government ministers are still in charge of their departments until the election concludes and a new government is formed. A poll published Sunday by YouGov and The Sunday Times showed the Labour Party had edged ahead following last week's television event when Cameron and Ed Miliband were grilled by Jeremy Paxman and a live studio audience.
A wild rhino charged into a city in southern Nepal on Monday, killing at least one woman, injuring several others and chasing panicked people through the busy streets. Attempts to force the rhino out of Hetauda city by honking car horns and beating drums were unsuccessful, with the animal running from one area to another.
Those interested in buying a gold, $10,000-plus Apple Watch Edition won't have to wait in line or get elbowed and pushed while they try out the wares in an Apple Store. According to a report by 9to5Mac, Apple Watch Edition buyers will get a unique purchasing experience — they'll be able to skip queues, and a dedicated Expert will take them on a personalized shopping "journey", which could last up to one hour.
President Bashar al-Assad said Russia is supplying weapons to Damascus under contracts completed since the conflict in Syria began in 2011, as well as under earlier deals. Assad's comments, in an interview published by Russian government newspaper Rossiyskaya Gazeta on Monday, appeared to contradict remarks by Moscow suggesting any Russian arms supplies to Damascus were agreed before the conflict began. Assad said, "There are contracts that had been sealed before the crisis started and were carried out during the crisis. There are other agreements on arms supplies and cooperation that were signed during the crisis and are being carried out now." Assad gave no details of the weapons being supplied by Russia, the world's second-biggest arms exporter, since the start of the conflict which has killed more than 220,000 people and displaced millions. Russia's Defense Ministry, contacted by telephone, declined immediate comment.
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