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Updated: 1 hour 21 min ago

OPEC agrees oil output cut, no final figure yet: delegate

Thu, 12/06/2018 - 13:17
OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said.
Categories: Financial Media

Trading Trump: Wall Street stresses over White House comments

Thu, 12/06/2018 - 13:13
JPMorgan Chase & Co's trading desk was not buying what U.S. President Donald Trump was selling this week.
Categories: Financial Media

Oil tumbles 5 percent after OPEC hints at smaller output cut

Thu, 12/06/2018 - 11:14
Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.
Categories: Financial Media

U.S. appeals court to hear arguments to stop AT&T purchase of Time-Warner

Thu, 12/06/2018 - 11:12
The U.S. Justice Department goes before an appeals court on Thursday to urge a three-judge panel to overturn a lower court ruling and order wireless carrier AT&T Inc to undo its $85.4 billion purchase of entertainment company Time Warner, one of the largest media mergers ever.
Categories: Financial Media

Wells Fargo reform plans fail to satisfy Fed after scandals: sources

Thu, 12/06/2018 - 11:10
The Federal Reserve has rejected Wells Fargo & Co's plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions.
Categories: Financial Media

Top Huawei executive arrested on U.S. request, clouding China trade truce

Thu, 12/06/2018 - 11:04
The daughter of Huawei's founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-U.S. trade tensions afresh.
Categories: Financial Media

OPEC oil cuts at risk as Russia yet to commit

Thu, 12/06/2018 - 11:03
OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday.
Categories: Financial Media

Volkswagen brand to accelerate margin hike for core brand

Thu, 12/06/2018 - 10:57
Volkswagen's core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles, the carmaker said on Thursday.
Categories: Financial Media

Volkswagen to seek 3 billion euro savings between 2020 and 2023

Thu, 12/06/2018 - 10:57
German carmaker Volkswagen on Thursday said it will extend a cost savings and efficiency program at its core brand beyond 2020 and seek an additional 3 bln euros in cost savings by 2023.
Categories: Financial Media

China hails Trump-Xi summit, says 'very confident' in trade deal

Thu, 12/06/2018 - 10:50
China on Thursday expressed confidence in striking a trade deal with the United States within their 90-day ceasefire period, praising the recent meeting between U.S. President Donald Trump and Chinese President Xi Jinping as highly successful.
Categories: Financial Media

European stocks slump to two-year low after China executive arrest

Thu, 12/06/2018 - 10:49
Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.
Categories: Financial Media

Singapore authorities say won't allow Noble Group to re-list under restructuring plan

Thu, 12/06/2018 - 10:46
Singapore's central bank and the Singapore Exchange said on Thursday they have decided not to allow Noble Group Ltd to transfer its listing status to a restructured entity.
Categories: Financial Media

Australia passes bill to force tech firms to hand over encrypted data

Thu, 12/06/2018 - 10:17
Australia's parliament on Thursday passed a bill to force tech firms such as Alphabet Inc's Google , Facebook and Apple to give police access to encrypted data, the most far-reaching such requirements imposed by a western country.
Categories: Financial Media

French anti-trust body fines home appliances firms 189 million euros

Thu, 12/06/2018 - 09:13
France's competition authority issued a total fine of 189 million euros ($214 million) on six home appliance manufacturing companies for price-rigging.
Categories: Financial Media

Russia says it's harder for us to cut oil output in winter: Ifax

Thu, 12/06/2018 - 08:59
Russia will find it harder to cut oil output in winter than other producers because of the cold conditions at Russian oil fields, Interfax news agency quoted Energy Minister Alexander Novak as saying on Thursday.
Categories: Financial Media

OPEC waiting for Russia before deciding level of oil cut

Thu, 12/06/2018 - 08:01
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on Thursday as the group gathered for a meeting in Vienna.
Categories: Financial Media

Exclusive: Tesla, smarting from trade war, seeks bids for China Gigafactory construction

Thu, 12/06/2018 - 08:00
Tesla Inc has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.
Categories: Financial Media

Oil dips amid stock market slide, traders await OPEC meeting

Thu, 12/06/2018 - 07:53
Oil prices dipped on Thursday as stock markets slid and as traders eyed an OPEC meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October.
Categories: Financial Media

Huawei founder's daughter arrested on U.S. request, clouding China trade truce

Thu, 12/06/2018 - 07:44
The daughter of Chinese tech giant Huawei's founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes of an easing of Sino-U.S. trade tensions and rocking global stock markets.
Categories: Financial Media

China says Canada, U.S. have not explained Huawei executive's arrest

Thu, 12/06/2018 - 07:44
China said on Thursday that Canada and the United States had yet to clarify their reason for arresting the daughter of Chinese tech giant Huawei's founder, in an incident that has dealt a blow to hopes of easing Sino-U.S. trade tensions.
Categories: Financial Media