Oil's surge to $70 a barrel has left plants that process crude in Europe struggling, as their margins plunge and demand weakens for some of what they make.Read full newsRead More
Nigeria's oil militant group, the Niger Delta Avengers (NDA), has vowed to launch a fresh round of attacks on the country's oil installations and facilities in the next few days The threat was made in a press statement signed by Major-General Murdoch Agbinibo, the group's spokesperson. The statement bore the apocalyptic headline "Happy doomed year, Nigeria", an indication of the NDA's fury.Re...Read More
By John McCrankNEW YORK, Jan 17 (Reuters) - The Securities and Exchange Commission on Wednesday approved a proposal from No. 2 U.S. stock exchange operator Cboe Global Markets Inc to compete for end-of-day orders for stocks listed on the New York Stock Exchange and Nasdaq Inc .The approval breaks what has effectively been a duopoly on the stock market close, one of the busiest and most lucrative t...Read More
(Adds Trump response, comments from cities)By Stephen NellisJan 17 (Reuters) - Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.The company has been under incr...Read More
The leader of the American Petroleum Institute will leave the industry's top Washington lobbying group in August, after helping win new places to drill, expand markets for U.S. oil and defeat a Trump administration plan to subsidize coal-fired power plants.Read full newsRead More
Royal Dutch Shell Plc and BP Plc agreed annual deals to buy Libyan crude, underscoring how the North African country's recovering production and improving security are enticing some of the world's largest oil companies.Read full newsRead More
Last year set a unique and exciting stage for 2018 and beyond. Globally, a trend of misinformation and misuse of information has brought a new thirst for credible and trusted science. Our common fu...Read full newsRead More
A wave of looting by hungry mobs across Venezuela has left streets of shuttered shops in provincial towns and pushed some store owners to arm themselves with guns and machetes, stirring fear that the turmoil could spread to the capital Caracas.Read full newsRead More
The World Gold Council recently highlighted four gold market trends that are expected to impact the market as 2018 continues.Read full newsRead More
A staggering rally in the shares of Indian graphite electrode producer HEG Ltd. shows no sign of losing steam as global shortages persist amid increasing demand from European steelmakers.Read full newsRead More
* Japan's U.S. bond holdings lowest since June 2013* Falling stakes in U.S. bonds coincide with weak dollar* Notion of dollar's top reserve status seen in question (Recasts lead paragraph, adds background, analyst comments)By Richard LeongNEW YORK, Jan 17 (Reuters) - China and Japan, the two biggest foreign U.S. creditors, reduced their holdings of U.S. government debt in November when the dollar...Read More
* Banker charged over 2011 forex deal* Pleas not guilty, lawyer says he is innocent* Second former forex head to be charged in U.S. (Adds plea and bail from hearing, comment from Bogucki's lawyer)By Lawrence White and Brendan PiersonLONDON/NEW YORK, Jan 17 (Reuters) - The U.S. Department of Justice (DoJ) on Tuesday charged a Barclays foreign exchange trader based in New York over his alleged role...Read More
Gold trading began on a positive note today with prices fractionally higher to trade up $2 to $3 on the day. This trend would continue for the better part of the trading session. Toward the end of the trading session, the dollar index began to strengthen and move out of negative territory. After trading for four consecutive days of higher highs, traders have bid the precious yellow metal lower to...Read More
Gold trading began on a positive note today with prices fractionally higher to trade up $2 to $3 on the day. This trend would continue for the better part of the trading session. Toward the end of the trading session, the dollar index began to strengthen and move out of negative territory. After trading for four consecutive days of higher highs, traders have bid the precious yellow metal lower to...Read More
WASHINGTON, Jan 17 (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan's Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.The Fed said its most recent 2016 inspection of the Taiwanese bank revealed "significant deficiencies" at its U.S....Read More
If regulatory concerns aren't enough to explain Bitcoin's 50 percent slump from its record high reached last month, how about blaming it on the moon?Read full newsRead More
Canada's Torex Gold Resources (TSX: TXG) announced this week that a team of unionized employees and management has been gradually restarting priority areas of its El Lim??n-Guajes mine, located in the state of Guerrero and one of the richest open-pit gold deposits in Mexico.In an official statement, the Toronto-based miner said that more employees will be called back as additional sections of the...Read More
Canada's Torex Gold Resources (TSX: TXG) announced this week that a team of unionized employees and management has been gradually restarting priority areas of its El Lim??n-Guajes mine, located in the state of Guerrero and one of the richest open-pit gold deposits in Mexico.In an official statement, the Toronto-based miner said that more employees will be called back as additional sections of the...Read More
(Adds detail about Viacom, talks)By Jessica ToonkelJan 17 (Reuters) - Shari Redstone, a controlling shareholder of CBS Corp , has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom Inc , The Wall Street Journal reported on Wednesday.Shari Redstone and Sumner Redstone, her ailing 94-year-old father, together control both CBS and Viacom Inc throu...Read More
Phivida Activates Distribution Agreement for Washington MarketVANCOUVER, Jan. 17, 2018 /CNW/ - Phivida Holdings Inc. (Read full newsRead More