Oil prices notched their strongest start to a calendar year since 2014 on Tuesday, amid anti-government protests in Iran and ongoing OPEC-led production cuts. U.S. West Texas Intermediate (WTI) crude futures traded at $60.45 a barrel, up 0.05 percent, at around 9.40 a.m. London time. The benchmark peaked at $60.74 a barrel earlier in the […]
Read moreEuro zone manufacturers ended 2017 by ramping up activity at the fastest pace in more than two decades, a survey showed on Tuesday, and rising demand suggests they will start the new year on a high. The bloc’s economy outpaced its peers last year, and the European Central Bank plans to scale back its stimulus […]
Read moreCurrency, United States Finance
BP to take $1.5 billion charge from US tax overhaul but expects earnings uplift
British energy company BP expects a positive impact on future post-tax earnings from the United States after the changes to U.S. corporate taxes, it said on Tuesday. The U.S. House of Representatives gave final approval in December to the biggest overhaul of the U.S. tax code in 30 years, which included a cut to the […]
Read moreAustralia’s transport safety investigation agency said on Tuesday it plans to raise a seaplane that crashed into a Sydney river on New Year’s Eve, killing six people, including the chief executive of British catering giant Compass Group Plc. Australian Transport Safety Bureau Executive Director Nat Nagy said investigators would probe several lines of inquiry to […]
Read moreEuropean markets are expected to open mixed on Tuesday morning, as investors reacted to surprisingly upbeat economic data in China and continued to monitor geopolitical unrest in Iran. The FTSE 100 is poised to open up by 13 points at 7,694, the DAX is seen up 22 points at 12,896 while the CAC 40 is […]
Read moreSouth Korean Unification Minister Cho Myong-gyon offered on Tuesday high-ranking government talks with North Korea next week at the border village of Panmunjom, a day after Pyongyang suggested talks despite sticking to its nuclear ambitions. Cho told a media conference he expects the two Koreas to focus on bringing a North Korean delegation to the […]
Read moreThe founder of embattled Chinese technology start-up LeEco has failed to observe an order from local regulators to return to the mainland to tackle financial problems at the company’s Shenzhen-listed unit. The order, issued by the China Securities Regulatory Commission last Monday, had instructed LeEco founder Jia Yueting to return to China before Dec. 31 […]
Read moreNorth Korea called itself a nuclear power on Monday, but the question now is whether U.S. President Donald Trump recognizes the rogue regime as one, a strategist told CNBC Tuesday. That’s an important development to watch as actions taken by Trump against North Korea will likely result in a cold war between the U.S. and […]
Read moreNorth Korea’s desire to participate in the upcoming Winter Olympics is a gesture that’s like “a gift on New Year’s Day,” according to the sporting event’s chief organizer. On Monday, dictator Kim Jong Un said in a televised speech that he would consider sending a delegation to the upcoming games, which will be held in […]
Read moreChina will kick off the new year with a set of data about its economy as Caixin and IHS Markit releases its manufacturing Purchasing Managers’ Index (PMI) for December on Monday at 9:45 a.m. SIN/HK. Economists polled by Reuters expected the private Caixin/Markit PMI to come in at 50.6 in December versus 50.8 the previous […]
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