More companies will leave Britain as Brexit negotiations drag on between the U.K. and the European Union (EU), the secretary-general of the Organization for Economic Co-operation and Development (OECD) said. Angel Gurria said Monday that until a deal can be agreed, the British economy will face ongoing headwinds and, as a result, chief executives will […]
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Venezuela is the 'story to watch' for oil markets in 2018, RBC's Helima Croft says
Embattled Venezuela with its current political and economic turmoil should be front and center for oil traders as we head into 2018, according to industry experts and political analysts. “The market is rebalancing, but there are still a number of producers that are poised for real challenges. I think Venezuela is the story we all […]
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ECB's vice president position will likely go to Spain – Spain econ min
The European Central Bank‘s vice-president position, currently held by Vitor Constancio who has until May 1 to stand down, will probably go to a Spanish candidate, Economy Minister Luis de Guindos said in comments published on Tuesday. Spain has not held a position on the ECB’s executive board since 2012 after the exit of Jose […]
Read moreElon Musk’s SpaceX has raised another $100 million as part of its latest funding round, according to new regulatory documents. In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed. That amount has now risen to $449.9 million, a new filing showed on Monday, adding […]
Read moreSociete Generale said on Monday it plans to close more branches and cut staff in its French retail banking network while selling assets, as part of a three-year plan to boost returns. Chief Executive Frederic Oudea, who took the top job following a rogue trader scandal in 2008, is under pressure to boost profitability in […]
Read moreEuropean bourses are seen opening mixed on Tuesday morning as investors watch out for tax reform plans in the U.S. and comments from the next Federal Reserve chair. The FTSE 100 is seen lower by 1.5 points at 7,383; the DAX in expected to open up by 18 points at 13,012 and the CAC 40 […]
Read moreAmid sweeping new regulations that have targeted everything from financial market liberalization to tightening internet controls, China has its sight set on reforming one additional domain: its toilets. Chinese President Xi Jinping on Monday brought attention to a national drive to upgrade toilets in the country by calling for sustained efforts in building clean restrooms […]
Read moreBALI, Indonesia — Passengers in Bali’s Ngurah Rai International Airport were stranded for a second full day as the Mount Agung volcano here continued to spew ash and authorities called a potential eruption, “imminent.” The airport has been closed since Sunday night, impacting flights from Singapore Airlines, AirAsia, Qantas, JetStar and others. An estimated 17,000 […]
Read moreFor the first time since 1991, Commerce Secretary Wilbur Ross has used the powers of the department to self-initiate antidumping duty and countervailing duty cases against the People’s Republic of China. The investigations launched Tuesday cover more than $600 million worth of imports of common alloy aluminum sheet from China. Commerce officials explained to CNBC […]
Read moreChina’s securities regulator has suspended approval of Hong Kong-focused mutual funds, according to the industry newspaper China Fund, potentially slowing the pace of Chinese money into Hong Kong stocks. New funds with “Hong Kong” in their names – which rules dictate must allocate at least 80 percent of their portfolio into Hong Kong-listed stocks – […]
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