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This weeks inventory build will likely press further down on oil prices, which were already trading down on the markets increasing uneasiness over the click to find out more OPEC drama, including Iraqs OPEC rebellion, Russias vague and vacillating comments as to whether theyll join in a freeze or a cut, and Venezuelas pleas to get non-OPEC members to cut in proportion to the blocs to-be-determined limits. The West Texas Intermediate (WTI) price settled to three-week lows once the report went public Tuesday afternoon. Business Caterpillar digs deeper into the abyss Heavy equipment maker Caterpillar ( CAT) took the wrecking ball to its 2016 results, bringing down sentiment about the health of the world economy in the process. Caterpillar reported Tuesday a third-quarter profit of $283 million on sales of $9.2 billion, down from a revised $559 million profit on $11 billion in sales in the same quarter a year prior. For the full year, Caterpillar said it now expects sales of $39 billion compared to previous guidance of between $40 billion and $40.5 billion. The results continue a bad run for Caterpillar, which has attempted to weather weakness in the commodity and energy markets that has led to more than three years of flat to down month-over-month sales by slashing 20% of its global workforce and restructuring its operations. Business Cashing in รองเท้าส้นสูง small pensions 'more popular' A rising number of retirees are cashing in their pension pots but the amount they typically withdraw has fallen, figures show. Savers can now cash in their pension pot from the age of 55. When the access was permitted for the first time last year, people were taking out sums averaging close to 20,000. The latest tax authority figures show typical withdrawals have fallen to about 10,000. This is evidence of retirees using the pension reforms to cash in smaller pension pots or taking part of their savings in cash while leaving the rest invested in a scheme.
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