If Exxon continues to report disappointing results for the remainder of the year, its net income will have declined a stunning 85% since 2012. ExxonMobil’s free cash flow declined from $24.4 billion in 2011 to $1 billion for the first nine months of 2016. The company spent a staggering $260 billion on stock repurchases since 1997. Source: OilPrice
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U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters
Non-banking financial sector assets increased by 19.5 percent to reach 120 billion Turkish liras ($34.26 billion) in the first half of 2017 compared with same period in 2016, Association of Financial Institutions’ (FKB) data showed Tuesday. Source: Anadolu Agency
Britain posted its first July budget surplus in 15 years last month as payments of self-assessed income tax poured in. Revenue exceeded spending by £184m compared with a deficit of £308m a year earlier, the Office for National Statistics. The forecast in a Bloomberg survey was for a deficit of £1bn. Source:Independent