MOSCOW/HONG KONG (Reuters) – Russian aluminum company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in […]

MEXICO CITY (Reuters) – Mexico’s government unveiled a plan on Thursday to step up use of the armed forces to combat fuel theft, vowing to root out corrupt officials it says are largely responsible for a problem that has cost the country billions of dollars. FILE PHOTO: A policeman inspects barrels containing stolen diesel fuel, […]

TOKYO (Reuters) – Nissan Motor Co (7201.T) plans to cut vehicle production in China by 30,000 units in the coming months, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou, Guangdong province, China […]

TOKYO (Reuters) – Asia stocks gained on Friday after Wall Street ended volatile trade in the green, adding to the big advances of the previous session, although lingering investor jitters helped support safe-haven currencies such as the yen. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, […]

(Reuters) – U.S. cannabis retailer Green Growth Brands Ltd (GGB.CD) said on Thursday it would make a hostile takeover bid for Aphria Inc (APHA.TO) in an all-stock deal valuing the Canadian pot producer at C$2.8 billion ($2.06 billion). Aphria CEO Vic Neufeld poses near a wall covering of a marijuana leaf at a party the […]

FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo WASHINGTON (Reuters) – Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the […]

(Reuters) – U.S. stocks roared back to end in positive territory on Thursday following steep losses for much of the session, as equities rebounded for a second day. The failure of an initial selloff to gain more momentum lent credence to the idea that the extended bout of selling pressure may be coming to an […]

NEW YORK (Reuters) – Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of […]

Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) has been awarded a $712 million U.S. defense contract for the development of advanced hardware in support of the F-35 Lightning II […]

NEW YORK (Reuters) – A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day. For the second consecutive session, early weakness in markets turned to strength by the time U.S. stocks closed as investors shuffled their portfolios. “We had a very wild […]

(Reuters) – U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years. The pullback on the heels of Wednesday’s huge advance, which featured the Dow Jones […]

WASHINGTON (Reuters) – President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration to cut […]

BEIJING (Reuters) – Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. Prosecutors arrested Ghosn for a third time […]

(Reuters) – A dramatic global stock rally faded on Thursday after a fall in Chinese industrial profits offered a reminder of the pressures on the world economy. Still, an index of world stocks stayed off near two-year lows hit earlier this week before Wednesday’s 1,000 point-plus surge on the U.S. Dow Jones index, which was […]

NEW YORK (Reuters) – Oil prices fell on Thursday after rebounding 8 percent in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy […]

PARIS (Reuters) – France’s Vinci (SGEF.PA) is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain’s second-busiest airport, London’s Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday. The deal to buy a 50.01 percent stake gives Vinci, which already runs 45 airports […]

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it will partially operate with reduced staff during to the ongoing federal shutdown. The agency […]

WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits fell marginally last week in a sign of labor market strength, with claims appearing to stabilize after drifting higher in recent months. Job seekers line up at a job fair of an oil services giant Halliburton at the MCM Grande Fundome hotel in […]

SINGAPORE (Reuters) – Sinopec (600028.SS) has suspended two top officials at its trading arm Unipec and is evaluating the details related to certain crude oil transactions that have incurred some losses, the Chinese state oil company said on Thursday. FILE PHOTO: Unipec’s President Chen Bo speaks at the 34th Asia Pacific Petroleum Conference (APPEC) in […]

FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – Tesla Inc (TSLA.O) has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. […]

BEIJING/SHANGHAI (Reuters) – China has proposed a ban on forced technology transfer and illegal government “interference” in foreign business operations, practices that have come under the spotlight in a trade dispute with the United States. FILE PHOTO: A Chinese official adjusts a Chinese flag before the start of a meeting between Foreign Minister Wang Yi […]

FILE PHOTO: A fence surrounds the U.S. Department of Commerce in Washington October 5, 2013. REUTERS/Mike Theiler (Reuters) – The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman. The Commerce […]

TOKYO (Reuters) – Asian shares on Thursday rode a dramatic surge on Wall Street as markets, hammered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. Pedestrians talk in front of an electronic board showing Nikkei share average outside […]

FILE PHOTO: Unipec’s President Chen Bo speaks at the 34th Asia Pacific Petroleum Conference (APPEC) in Singapore September 24, 2018. REUTERS/Edgar Su SINGAPORE (Reuters) – Chinese state oil major Sinopec (600028.SS) has suspended two senior officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on Thursday. […]

SEOUL (Reuters) – Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that […]

NEW YORK (Reuters) – One notable factor in Wall Street’s monster rally on Wednesday was a record gain in an index of stocks that have the largest bets placed against them by market contrarians. A trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,December 26, […]

BOSTON (Reuters) – The former chief executive of Insys Therapeutics Inc (INSY.O) has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication in order to boost its sales, U.S. prosecutors said on Wednesday. FILE PHOTO: A box of the Fentanyl-based drug Subsys, made by Insys Therapeutics […]

(Reuters) – The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. Following Wall Street’s worst-ever Christmas Eve drop in the previous session, […]

TOKYO(Reuters) – It’s a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment. An employee of Mercari Inc. Takashi Murakami, 23, poses for a photograph at the company office in Tokyo, Japan, December 5, […]

CARACAS (Reuters) – Exxon Mobil Corp (XOM.N) said on Wednesday its oil drilling and development activities offshore Guyana were unaffected by a weekend incident in which Venezuela’s navy stopped two exploration vessels the company had hired. The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock […]

(Reuters) – U.S. stocks were attempting a modest rebound on Wednesday, boosted by technology shares and an Amazon-led jump in retailers, following four sessions of steep losses that pushed the S&P 500 and Dow Industrials near bear market territory. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, […]

(Reuters) – Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers were encouraged by a robust economy and early discounts. The data follows Amazon.com Inc’s announcement of a “record-breaking” selling season, with the online retail […]

(Reuters) – Stocks and oil prices rebounded on Wednesday as the Trump administration attempted to shore up confidence and markets welcomed a report on strong U.S. holiday spending. MSCI’s gauge of stocks across the globe gained 0.22 percent, while Brent crude futures were last at $52.42, up 3.86 percent. Benchmarks for both oil and stocks […]

(Reuters) – Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson The Financial Industry Regulatory Authority (FINRA) […]

Indonesia’s National Transportation Safety Committee (KNKT) sub-committee head for air accidents, Nurcahyo Utomo, holds a model airplane while speaking during a news conference on its investigation into a Lion Air plane crash last month, in Jakarta, Indonesia November 28, 2018. REUTERS/Darren Whiteside CHICAGO(Reuters) – The family of a man who was killed when a Lion […]

LONDON/NEW YORK (Reuters) – Oil rebounded from recent losses on Wednesday, gaining more than 1 percent on perceptions that the price slide to 2017 lows prompted by economic worries has gone too far, too fast. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann/File Photo Crude […]

FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed cyber code in this illustration taken March 22, 2016. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Short-seller Citron Research on Wednesday backed Facebook Inc, saying the stock could hit $160 in 2019 as the company’s revenue and user base have seen little impact from […]

FILE PHOTO: Matthias Warnig attends a meeting with Russia’s President Vladimir Putin and Kazakhstan’s President Nursultan Nazarbayev in Sochi, Russia October 12, 2017. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russian aluminum company Rusal said on Wednesday that board chairman Matthias Warnig resigned as part of a restructuring it agreed to implement in exchange for a waiver […]

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. Standard & Poor’s Ratings Services said on April 26, 2016, it had cut Exxon Mobil Corp’s corporate credit rating to “AA+” from “AAA,” citing the impact of low oil […]

CARACAS (Reuters) – Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned oil […]