Monday, November 19, 2018
  LONDON - Europe battled to fend off a four-day losing streak for world stocks on Tuesday, after weary investors had seen Asia stumble to a 17-month low and bond markets hit by a fresh bout of selling. Strength in oil stocks on higher crude prices and a rise in banking...
LONDON - Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. Two companies in India, a big buyer of Iranian oil, have ordered barrels in November, India’s oil minister...
NEW YORK/LONDON - Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand. But the imminent return of U.S. sanctions on Iran...
HONG KONG - U.S. crude oil shipments to China have “totally stopped”, the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war between the world’s two biggest economies takes its toll on what was a fast growing businesses. Washington and Beijing have slapped steep...
NEW YORK/DUBAI - With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh look in Congress, though they were once considered a longshot to becoming law. A U.S. Senate subcommittee on Wednesday will hear testimony on the so-called...
JOHANNESBURG - South Africa’s rand retreated early on Tuesday, and local bonds fell amid subdued risk appetite. The rand was 0.49 percent weaker at 14.2950 per dollar at 0645 GMT, having closed in New York at 14.2250. The currency is expected to trade between 14.2000 and 14.4000 to the dollar on...
LONDON - The euro fell on Thursday on media reports that an Italian budget meeting was likely to be delayed, spooking traders concerned that the ruling parties will push for a bigger deficit target in the euro zone’s third-largest economy. Political wrangling over the budget in heavily indebted Italy has...
LONDON - Commodities trader and miner Glencore said on Tuesday it would repurchase more of its shares worth up to $1 billion, increasing the size of an existing buyback program that followed a subpoena from U.S. authorities. Glencore said in July it would buy back shares worth up to $1...
TOKYO - Some Asian economies running large external surpluses, including Thailand and South Korea, might be forced to tighten monetary policy soon as high household debt pose a bigger financial risk than the U.S. Federal Reserve’s steady pace of rate hikes. Up until now, these two economies have been considered...
TIANJIN - China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies. Addressing a World Economic Forum event in...